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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Trading securities$ 274$ 310$ 822$ 955
Available-for-sale securities1,1601,3133,5254,175
Mortgage loans (includes $30,633 and $32,807, respectively, for the three months ended and $94,111 and $100,810, respectively, for the nine months ended related to consolidated trusts)34,33436,666105,257111,917
Other263179111
Total interest income35,79438,320109,683117,158
Interest expense:    
Interest expense: Short-term debt (includes $3 and $4, respectively, for the three months ended and $8 and $9, respectively, for the nine months ended related to consolidated trusts)66194254479
Interest expense: Long-term debt (includes $27,157 and $28,878, respectively, for the three months ended and $82,928 and $90,379, respectively, for the nine months ended related to consolidated trusts)30,54233,35094,311104,907
Total interest expense30,60833,54494,565105,386
Net interest income5,1864,77615,11811,772
Provision for loan losses(4,159)(4,696)(20,548)(20,930)
Net interest income (loss) after provision for loan losses1,02780(5,430)(9,158)
Investment gains (losses), net7382319271
Other-than-temporary impairments(232)(366)(317)(600)
Noncredit portion of other-than-temporary impairments recognized in other comprehensive income(30)40(45)(99)
Net other-than-temporary impairments(262)(326)(362)(699)
Fair value gains (losses), net(4,525)525(5,870)(877)
Debt extinguishment gains (losses), net(119)(214)(149)(497)
Fee and other income (expense)291304793831
Non-interest income (loss)(4,542)371(5,269)(971)
Administrative expenses:    
Salaries and employee benefits323325953973
Professional services173305531759
Occupancy expenses4643131124
Other administrative expenses4957150149
Total administrative expenses5917301,7652,005
Provision (benefit) for guaranty losses(8)78694111
Foreclosed property expense (income)7337877431,255
Other expenses254196638650
Total expenses1,5701,7913,8404,021
Income (loss) before federal income taxes(5,085)(1,340)(14,539)(14,150)
Benefit (provision) for federal income taxes 99167
Net income (loss)(5,085)(1,331)(14,448)(14,083)
Other comprehensive (loss) income:    
Changes in unrealized losses on available-for-sale securities, net of reclassification adjustments and taxes(198)901(20)3,938
Other1166
Total other comprehensive (loss) income(197)902(14)3,944
Total comprehensive (loss) income(5,282)(429)(14,462)(10,139)
Less: Comprehensive (income) loss attributable to the noncontrolling interest (8)(1)(4)
Total comprehensive (loss) income attributable to Fannie Mae(5,282)(437)(14,463)(10,143)
Net loss(5,085)(1,331)(14,448)(14,083)
Less: Net (income) loss attributable to the noncontrolling interest (8)(1)(4)
Net income (loss) attributable to Fannie Mae(5,085)(1,339)(14,449)(14,087)
Preferred stock dividends(2,494)(2,116)(6,992)(5,550)
Net loss attributable to common stockholders(7,579)(3,455)(21,441)(19,637)
Loss per share - Basic$ (1.32)$ (0.61)$ (3.74)$ (3.45)
Loss per share - Diluted$ (1.32)$ (0.61)$ (3.74)$ (3.45)
Weighted-average common shares outstanding - Basic5,7605,6955,7305,694
Weighted-average common shares outstanding - Diluted5,7605,6955,7305,694
Of Consolidated Trusts [Member]
    
Interest income:    
Mortgage loans (includes $30,633 and $32,807, respectively, for the three months ended and $94,111 and $100,810, respectively, for the nine months ended related to consolidated trusts)30,63332,80794,111100,810
Interest expense:    
Interest expense: Short-term debt (includes $3 and $4, respectively, for the three months ended and $8 and $9, respectively, for the nine months ended related to consolidated trusts)3489
Interest expense: Long-term debt (includes $27,157 and $28,878, respectively, for the three months ended and $82,928 and $90,379, respectively, for the nine months ended related to consolidated trusts)$ 27,157$ 28,878$ 82,928$ 90,379