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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Trading securities $ 264 $ 330 $ 548 $ 645
Available-for-sale securities 1,152 1,389 2,365 2,862
Mortgage loans (includes $31,613 and $33,682, respectively, for the three months ended and $63,478 and $68,003, respectively, for the six months ended related to consolidated trusts) 35,333 37,632 70,923 75,251
Other 25 41 53 80
Total interest income 36,774 39,392 73,889 78,838
Interest expense:        
Interest expense: Short-term debt (includes $2 and $3, respectively, for the three months ended and $5 for the six months ended, for both periods, related to consolidated trusts) 81 167 188 285
Interest expense: Long-term debt (includes $27,919 and $30,043, respectively, for the three months ended and $55,771 and $61,501, respectively, for the six months ended related to consolidated trusts) 31,721 35,018 63,769 71,557
Total interest expense 31,802 35,185 63,957 71,842
Net interest income 4,972 4,207 9,932 6,996
Provision for loan losses (5,802) (4,295) (16,389) (16,234)
Net interest income (loss) after provision for loan losses (830) (88) (6,457) (9,238)
Investment gains (losses), net 171 23 246 189
Other-than-temporary impairments (28) (48) (85) (234)
Noncredit portion of other-than-temporary impairments recognized in other comprehensive income (28) (89) (15) (139)
Net other-than-temporary impairments (56) (137) (100) (373)
Fair value gains (losses), net (1,634) 303 (1,345) (1,402)
Debt extinguishment gains (losses), net (43) (159) (30) (283)
Fee and other income (expense) 265 294 502 527
Non-interest income (loss) (1,297) 324 (727) (1,342)
Administrative expenses:        
Salaries and employee benefits 310 324 630 648
Professional services 169 260 358 454
Occupancy expenses 43 40 85 81
Other administrative expenses 47 46 101 92
Total administrative expenses 569 670 1,174 1,275
Provision (benefit) for guaranty losses 735 69 702 33
Foreclosed property expense (income) (478) 487 10 468
Other expenses (income) 32 224 384 454
Total expenses 858 1,450 2,270 2,230
Income (loss) before federal income taxes (2,985) (1,214) (9,454) (12,810)
Provision (benefit) for federal income taxes (93) 9 (91) (58)
Net income (loss) (2,892) (1,223) (9,363) (12,752)
Other comprehensive (loss) income:        
Changes in unrealized losses on available-for-sale securities, net of reclassification adjustments and taxes (1) 1,667 178 3,037
Other 3 3 5 5
Total other comprehensive income 2 1,670 183 3,042
Total comprehensive (loss) income (2,890) 447 (9,180) (9,710)
Less: Comprehensive (income) loss attributable to the noncontrolling interest (1) 5 (1) 4
Total comprehensive (loss) income attributable to Fannie Mae (2,891) 452 (9,181) (9,706)
Net loss (2,892) (1,223) (9,363) (12,752)
Less: Net (income) loss attributable to the noncontrolling interest (1) 5 (1) 4
Net income (loss) attributable to Fannie Mae (2,893) (1,218) (9,364) (12,748)
Preferred stock dividends (2,282) (1,907) (4,498) (3,434)
Net loss attributable to common stockholders (5,175) (3,125) (13,862) (16,182)
Loss per share - Basic (in dollars per share) $ (0.90) $ (0.55) $ (2.43) $ (2.84)
Loss per share - Diluted (in dollars per share) $ (0.90) $ (0.55) $ (2.43) $ (2.84)
Weighted-average common shares outstanding - Basic (in shares) 5,730 5,694 5,714 5,693
Weighted-average common shares outstanding - Diluted (in shares) 5,730 5,694 5,714 5,693
Of Consolidated Trusts [Member]
       
Interest income:        
Mortgage loans (includes $31,613 and $33,682, respectively, for the three months ended and $63,478 and $68,003, respectively, for the six months ended related to consolidated trusts) 31,613 33,682 63,478 68,003
Interest expense:        
Interest expense: Short-term debt (includes $2 and $3, respectively, for the three months ended and $5 for the six months ended, for both periods, related to consolidated trusts) 2 3 5 5
Interest expense: Long-term debt (includes $27,919 and $30,043, respectively, for the three months ended and $55,771 and $61,501, respectively, for the six months ended related to consolidated trusts) $ 27,919 $ 30,043 $ 55,771 $ 61,501