Fannie Mae 2006 Annual Report Download - page 122

The table below provides information regarding our LIHTC partnership investments as of and for the years
ended December 31, 2006 and 2005.
Table 29: LIHTC Partnership Investments
Consolidated Unconsolidated Consolidated Unconsolidated
2006 2005
(Dollars in millions)
As of December 31:
Obligation to fund LIHTC partnerships . . . . $1,101 $1,538 $833 $1,698
For the year ended December 31:
Tax credits from investments in LIHTC
partnerships. . . . . . . . . . . . . . . . . . . . . . $ 419 $ 531 $366 $ 467
Losses from investments in LIHTC
partnerships. . . . . . . . . . . . . . . . . . . . . . 288 553 275 518
Tax benefits on credits and losses from
investments in LIHTC partnerships . . . . . 520 725 462 649
Contributions to LIHTC partnerships . . . . . . 690 1,053 484 743
Distributions from LIHTC partnerships . . . . 1 8 2 1
For more information on our off-balance sheet transactions, see “Notes to Consolidated Financial
Statements—Note 18, Concentrations of Credit Risk.”
2006 QUARTERLY REVIEW
We provide certain selected unaudited quarterly financial statement information for the years ended
December 31, 2006 and 2005 in “Notes to Consolidated Financial Statements—Note 21, Selected Quarterly
Financial Information (Unaudited).” The selected financial information includes the following:
• Consolidated statements of income for the quarters ended March 31, 2006, June 30, 2006, September 30,
2006 and December 31, 2006.
• Consolidated statements of income for the quarters ended March 31, 2005, June 30, 2005, September 30,
2005 and December 31, 2005.
• Condensed consolidated balance sheets as of March 31, 2006, June 30, 2006, September 30, 2006 and
December 31, 2006.
• Condensed business segment results of operations for the quarters ended March 31, 2006, June 30, 2006,
September 30, 2006 and December 31, 2006.
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