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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Mortgage loans $ 39,962.0 $ 38,344.0 $ 118,161.0 $ 113,436.0
Securities purchased under agreements to resell 592.0 844.0 1,770.0 2,640.0
Investments in securities and other 1,068.0 789.0 2,721.0 2,328.0
Total interest income 41,622.0 39,977.0 122,652.0 118,404.0
Interest expense:        
Short-term debt (323.0) (154.0) (771.0) (362.0)
Long-term debt (33,740.0) (32,639.0) (99,631.0) (96,702.0)
Total interest expense (34,063.0) (32,793.0) (100,402.0) (97,064.0)
Net interest income 7,559.0 7,184.0 22,250.0 21,340.0
Non-interest income:        
Fair value gains (losses), net 630.0 13.0 675.0 347.0
Fee and other income 92.0 123.0 246.0 293.0
Investment gains (losses), net 94.0 120.0 (130.0) 100.0
Total non-interest income 816.0 256.0 791.0 740.0
(Provision) benefit for credit losses (1,140.0) (338.0) (1,902.0) (1,308.0)
Non-interest expense:        
Salaries and employee benefits (484.0) (475.0) (1,410.0) (1,578.0)
Professional services, technology, and occupancy (300.0) (344.0) (930.0) (1,080.0)
Legislative assessments (924.0) (943.0) (2,789.0) (2,813.0)
Credit enhancement expense (371.0) (409.0) (1,090.0) (1,288.0)
Other income (expense), net (44.0) (96.0) (155.0) (440.0)
Total non-interest expense (2,123.0) (2,267.0) (6,374.0) (7,199.0)
Income before federal income taxes 5,112.0 4,835.0 14,765.0 13,573.0
Provision for federal income taxes (935.0) (976.0) (2,886.0) (2,736.0)
Net income 4,177.0 3,859.0 11,879.0 10,837.0
Other comprehensive income (loss) (1,037.0) (10.0) (1,254.0) (9.0)
Total comprehensive income 3,140.0 3,849.0 10,625.0 10,828.0
Dividends distributed or amounts attributable to senior preferred stock (3,140.0) (3,849.0) (10,625.0) (10,828.0)
Net income (loss) attributable to common stockholders, basic 1,037.0 10.0 1,254.0 9.0
Net income (loss) attributable to common stockholders, diluted $ 1,037.0 $ 10.0 $ 1,254.0 $ 9.0
Earnings per share:        
Earnings per share, Basic (in usd per share) $ 0.18 $ 0.00 $ 0.21 $ 0.00
Earnings per share, Diluted (in usd per share) $ 0.18 $ 0.00 $ 0.21 $ 0.00
Weighted-average common shares outstanding:        
Weighted-average common shares outstanding, Basic (shares) 5,867 5,867 5,867 5,867
Weighted-average common shares outstanding, Diluted (shares) 5,893 5,893 5,893 5,893