Fannie Mae 2009 Annual Report Download - page 301

The following table displays the total assets as of December 31, 2009 and 2008 of non-consolidated VIEs with
which we are involved and QSPEs for which we are the sponsor or servicer but not the transferor.
2009 2008
As of December 31,
(Dollars in millions)
Mortgage-backed trusts
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,044,516 $3,017,030
Asset-backed trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,703 563,633
Limited partnership investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,085 12,884
Mortgage revenue bonds and other credit enhanced bonds . . . . . . . . . . . . . . . . . . . . 8,061 5,701
Total assets of non-consolidated VIEs and QSPEs. . . . . . . . . . . . . . . . . . . . . . . . $3,550,365 $3,599,248
(1)
Includes $555.4 billion and $604.4 billion of assets of non-QSPE securitization trusts as of December 31, 2009 and
2008, respectively.
The following table displays the carrying amount and classification of the assets and liabilities as of
December 31, 2009 and 2008 related to our variable interests in non-consolidated VIEs and QSPEs where we
have variable interests in the entities or where we were either the sponsor or master servicer of the entities, but
were not the transferor.
2009 2008
(1)
As of December 31,
(Dollars in millions)
Assets:
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $161,495 $180,694
Trading securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,183 63,265
Guaranty assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,783 6,431
Partnership investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 3,405
Servicer and MBS trust receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,903 6,111
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,305 1,326
Total carrying amount of assets related to our interests in non-consolidated VIEs and
QSPEs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $249,813 $261,232
Liabilities:
Reserve for guaranty losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 52,703 $ 21,614
Guaranty obligations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,282 10,823
Partnership liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 325 617
Servicer and MBS trust payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,371 4,259
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 781 767
Total carrying amount of liabilities related to our interests in non-consolidated VIEs
and QSPEs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,462 $ 38,080
(1)
Prior period amounts include additional categories to conform to the current period presentation.
F-43
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)