Fannie Mae 2004 Annual Report Download - page 308

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The following table displays the amortized cost, estimated fair values corresponding to unrealized gains and
losses, and additional information regarding unrealized losses by major security type for AFS securities held
as of December 31, 2004 and 2003.
Total
Amortized
Cost
(1)
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Less Than 12
Consecutive Months
12 Consecutive
Months or Longer
As of December 31, 2004
(Dollars in millions)
Fannie Mae single-class MBS . . $238,386 $4,119 $ (677) $241,828 $(346) $ 51,263 $(331) $18,556
Non-Fannie Mae single-class
mortgage-related securities . . . 34,429 808 (69) 35,168 (28) 5,638 (41) 2,182
Fannie Mae structured MBS. . . . 72,093 1,535 (261) 73,367 (157) 15,828 (104) 5,936
Non-Fannie Mae structured
mortgage-related securities . . . 109,564 444 (188) 109,820 (154) 25,387 (34) 2,860
Mortgage revenue bonds . . . . . . 22,124 677 (144) 22,657 (69) 3,270 (75) 2,127
Other mortgage-related
securities
(2)
. . . . . . . . . . . . . . 5,043 313 (10) 5,346 (5) 156 (5) 366
Asset-backed securities . . . . . . . 25,632 50 (37) 25,645 (30) 8,376 (7) 1,662
Corporate debt securities . . . . . . 15,102 11 (15) 15,098 (10) 4,227 (5) 422
Municipal bonds . . . . . . . . . . . . 865 — (2) 863 (2) 854 — —
Other non-mortgage-related
securities . . . . . . . . . . . . . . . 2,302 1 — 2,303 — — — —
Total . . . . . . . . . . . . . . . . . . $525,540 $7,958 $(1,403) $532,095 $(801) $114,999 $(602) $34,111
Total
Amortized
Cost
(1)
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Less Than 12
Consecutive Months
12 Consecutive
Months or Longer
As of December 31, 2003
(Restated)
(Dollars in millions)
Fannie Mae single-
class MBS . . . . . . . . . . . $295,970 $5,313 $ (837) $300,446 $ (837) $ 76,953 $ — $ —
Non-Fannie Mae single-
class mortgage-related
securities . . . . . . . . . . . . 32,030 1,025 (59) 32,996 (59) 4,399 — —
Fannie Mae structured
MBS . . . . . . . . . . . . . . . 68,903 1,930 (374) 70,459 (372) 22,522 (2) 590
Non-Fannie Mae structured
mortgage-related
securities . . . . . . . . . . . . 45,130 487 (47) 45,570 (46) 12,288 (1) 1,070
Mortgage revenue bonds . . . 20,414 499 (115) 20,798 (83) 2,741 (32) 1,068
Other mortgage-related
securities
(2)
. . . . . . . . . . 6,128 89 (46) 6,171 (41) 1,225 (5) 355
Asset-backed securities . . . . 26,803 72 (13) 26,862 (9) 4,959 (4) 1,899
Corporate debt securities . . . 16,386 50 (4) 16,432 (4) 1,221 — —
Municipal bonds . . . . . . . . 1,203 — — 1,203 — — — —
Other non-mortgage-related
securities . . . . . . . . . . . . 2,335 — — 2,335 — — — —
Total . . . . . . . . . . . . . . . $515,302 $9,465 $(1,495) $523,272 $(1,451) $126,308 $(44) $4,982
F-57
FANNIE MAE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)