Fannie Mae 2001 Annual Report Download - page 80

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{ 78 } Fannie Mae 2001 Annual Report
Financial and Statistical Summary (Unaudited)
At December 31,
Dollars in millions, except per common share amounts 2001 2000 1999 1998 1997
Summary Balance Sheets:
Mortgage portfolio, net:
Single-family:
Government insured or guaranteed . . . . . . . . . . . . . . . . . . . . . $42,181 $44,166 $ 41,029 $ 21,805 $ 19,478
Conventional:
Long-term, fixed-rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 552,463 454,349 385,321 297,106 211,541
Intermediate-term, fixed-rate . . . . . . . . . . . . . . . . . . . . . . . 69,412 67,099 69,195 71,766 61,839
Adjustable-rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,765 27,135 14,107 11,873 11,373
Total single-family . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 684,821 592,749 509,652 402,550 304,231
Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,655 17,373 14,289 11,965 12,447
Total unpaid principal balance . . . . . . . . . . . . . . . . . . . . . . . . . . 707,476 610,122 523,941 414,515 316,678
Less unamortized discount (premium),
price adjustments, and allowance for losses . . . . . . . 2,309 2,723 1,161 (708) 362
Net mortgage portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 705,167 607,399 522,780 415,223 316,316
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94,624 67,673 52,387 69,791 75,357
To tal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $799,791 $675,072 $575,167 $485,014 $391,673
Debentures, notes, and bonds, net:
Due within one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $343,492 $280,322 $226,582 $205,413 $175,400
Due after one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 419,975 362,360 321,037 254,878 194,374
Total debentures, notes, and bonds, net . . . . . . . . . . . . . . 763,467 642,682 547,619 460,291 369,774
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,206 11,552 9,919 9,270 8,106
To tal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 781,673 654,234 557,538 469,561 377,880
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,118 20,838 17,629 15,453 13,793
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . $799,791 $675,072 $575,167 $485,014 $391,673
Core capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,182 $20,827 $ 17,876 $ 15,465 $ 13,793
Excess core capital over minimum required . . . . . . . . . . . . . . . . . . . . . 1,000 533 106 131 1,090
Yield on net mortgage portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.95% 7.24% 7.08% 7.12% 7.60%
Yield on total interest earning assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.53 7.21 7.01 6.95 7.32
Cost of debt outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.49 6.47 6.18 6.10 6.46
Book value per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15.86 $ 18.58 $ 16.02 $ 13.95 $ 12.34
Common shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 997 999 1,019 1,025 1,037
Outstanding MBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $858,867 $706,684 $679,169 $637,143 $579,138