Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 38,853	$ 35,817
Restricted cash and cash equivalents (includes $31,893 and $25,836, respectively, related to consolidated trusts)	39,958	32,889
Securities purchased under agreements to resell	15,975	30,700
Investments in securities, at fair value	79,197	53,116
Mortgage loans:
Loans held for sale, at lower of cost or fair value	373	2,149
Total loans held for investment	4,145,340	4,142,212
Allowance for loan losses	(7,707)	(8,730)
Total loans held for investment, net of allowance	4,137,633	4,133,482
Total mortgage loans	4,138,006	4,135,631
Advances to lenders	1,825	1,389
Deferred tax assets, net	10,545	11,681
Accrued interest receivable (includes $10,666 and $10,132, respectively, related to consolidated trusts)	11,364	10,724
Other assets	14,008	13,490
Total assets	4,349,731	4,325,437
Liabilities:
Accrued interest payable (includes $10,858 and $10,212, respectively, related to consolidated trusts)	11,585	10,931
Other liabilities (includes $1,699 and $1,713, respectively, related to consolidated trusts)	15,392	14,106
Total liabilities	4,255,074	4,247,755
Commitments and contingencies (Note 17)	0	0
Fannie Mae stockholders’ equity:
Senior preferred stock (liquidation preference of $212,029 and $195,224, respectively)	120,836	120,836
Preferred stock, $700,000,000 shares are authorized—$555,374,922 shares issued and outstanding	19,130	19,130
Common stock, no par value, no maximum authorization—$1,308,762,703 shares issued and $1,158,087,567 shares outstanding	687	687
Accumulated deficit	(38,625)	(55,603)
Accumulated other comprehensive income	29	32
Treasury stock, at cost, $150,675,136 shares	(7,400)	(7,400)
Total stockholders’ equity	94,657	77,682
Total liabilities and equity	4,349,731	4,325,437
Fannie Mae
Mortgage loans:
Total loans held for investment	50,053	48,199
Liabilities:
Debt	139,422	124,065
Consolidated Trusts
ASSETS
Restricted cash and cash equivalents (includes $31,893 and $25,836, respectively, related to consolidated trusts)	31,893	25,836
Mortgage loans:
Total loans held for investment	4,095,287	4,094,013
Accrued interest receivable (includes $10,666 and $10,132, respectively, related to consolidated trusts)	10,666	10,132
Liabilities:
Accrued interest payable (includes $10,858 and $10,212, respectively, related to consolidated trusts)	10,858	10,212
Debt	4,088,675	4,098,653
Other liabilities (includes $1,699 and $1,713, respectively, related to consolidated trusts)	$ 1,699	$ 1,713