Fannie Mae 2010 Annual Report Download - page 127

Table 25: Summary of Consolidated Balance Sheets
December 31,
2010
January 1,
2010
December 31,
2009
January 1 to
December 31, 2010
December 31, 2009 to
January 1, 2010
As of Variance
(Dollars in millions)
Assets
Cash and cash equivalents and federal
funds sold and securities purchased
under agreements to resell or similar
arrangements .................. $ 29,048 $ 60,161 $ 60,496 $(31,113) $ (335)
Restricted cash ................... 63,678 48,653 3,070 15,025 45,583
Investments in securities
(1)
........... 151,248 161,088 349,667 (9,840) (188,579)
Mortgage loans................... 2,985,276 2,985,445 404,486 (169) 2,580,959
Allowance for loan losses . . . ......... (61,556) (53,501) (9,925) (8,055) (43,576)
Mortgage loans, net of allowance for
loan losses .................. 2,923,720 2,931,944 394,561 (8,224) 2,537,383
Other assets
(2)
................... 54,278 44,389 61,347 9,889 (16,958)
Total assets. ................... $3,221,972 $3,246,235 $869,141 $(24,263) $2,377,094
Liabilities and equity (deficit)
Debt
(3)
........................ $3,197,052 $3,223,054 $774,554 $(26,002) $2,448,500
Other liabilities
(4)
................. 27,437 35,164 109,868 (7,727) (74,704)
Total liabilities . . . .............. 3,224,489 3,258,218 884,422 (33,729) 2,373,796
Senior preferred stock .............. 88,600 60,900 60,900 27,700 —
Other equity (deficit)
(5)
............. (91,117) (72,883) (76,181) (18,234) 3,298
Total stockholders’ equity (deficit) .... (2,517) (11,983) (15,281) 9,466 3,298
Total liabilities and stockholders’
deficit ....................... $3,221,972 $3,246,235 $869,141 $(24,263) $2,377,094
(1)
Includes $32.8 billion as of December 31, 2010 and $8.9 billion as of both January 1, 2010 and December 31, 2009 of
non-mortgage-related securities that are included in our other investments portfolio in “Table 37: Cash and Other
Investments Portfolio.”
(2)
Consists of: accrued interest receivable, net; acquired property, net; servicer and MBS trust receivable and other assets.
(3)
Consists of: federal funds purchased and securities sold under agreements to repurchase; short-term debt; and long-
term debt.
(4)
Consists of: accrued interest payable; reserve for guaranty losses; servicer and MBS trust payable; and other liabilities.
(5)
Consists of: preferred stock; common stock; additional paid-in capital; retained earnings (accumulated deficit);
accumulated other comprehensive loss; treasury stock; and noncontrolling interest.
Cash and Cash Equivalents and Federal Funds Sold and Securities Purchased under Agreements to
Resell or Similar Arrangements
Cash and cash equivalents and federal funds sold and securities purchased under agreements to resell or
similar arrangements are included in our cash and other investments portfolio. See “Liquidity and Capital
Management—Liquidity Management— Liquidity Risk Management Practices and Contingency Planning—
Cash and Other Investments Portfolio” for additional information on our cash and other investments portfolio.
Investments in Mortgage-Related Securities
Our investments in mortgage-related securities are classified in our consolidated balance sheets as either
trading or available-for-sale and are reported at fair value. Gains and losses on trading securities are
recognized in earnings, while unrealized gains and losses on available-for-sale securities are recorded in
stockholders’ equity (deficit) as a component of “Accumulated other comprehensive loss” (“AOCI”). See
122