Fannie Mae 2011 Annual Report Download - page 242

FANNIE MAE
(In conservatorship)
Consolidated Balance Sheets
(Dollars in millions, except share amounts)
As of December 31,
2011 2010
ASSETS
Cash and cash equivalents (includes $2 and $348, respectively, related to consolidated trusts) .... $ 17,539 $ 17,297
Restricted cash (includes $45,900 and $59,619, respectively, related to consolidated trusts) ...... 50,797 63,678
Federal funds sold and securities purchased under agreements to resell or similar arrangements . . . 46,000 11,751
Investments in securities:
Trading, at fair value (includes $8 and $21, respectively, related to consolidated trusts) ..... 74,198 56,856
Available-for-sale, at fair value (includes $1,191 and $1,055, respectively, related to
consolidated trusts) ......................................................... 77,582 94,392
Total investments in securities .............................................. 151,780 151,248
Mortgage loans:
Loans held for sale, at lower of cost or fair value (includes $66 and $661, respectively,
related to consolidated trusts) ................................................. 311 915
Loans held for investment, at amortized cost:
Of Fannie Mae ............................................................ 380,134 407,228
Of consolidated trusts (includes $3,611 and $2,962, respectively, at fair value and loans
pledged as collateral that may be sold or repledged of $798 and $2,522, respectively) . . 2,590,332 2,577,133
Total loans held for investment ............................................... 2,970,466 2,984,361
Allowance for loan losses .................................................... (72,156) (61,556)
Total loans held for investment, net of allowance ............................... 2,898,310 2,922,805
Total mortgage loans ................................................... 2,898,621 2,923,720
Accrued interest receivable, net (includes $8,466 and $8,910, respectively, related to consolidated
trusts) ....................................................................... 10,000 11,279
Acquired property, net ............................................................ 11,373 16,173
Other assets (includes cash pledged as collateral of $1,109 and $884, respectively) ............ 25,374 26,826
Total assets ................................................................... $3,211,484 $3,221,972
LIABILITIES AND DEFICIT
Liabilities:
Accrued interest payable (includes $9,302 and $9,712, respectively, related to consolidated
trusts) ..................................................................... $ 12,648 $ 13,764
Federal funds purchased and securities sold under agreements to repurchase ................ — 52
Debt:
Of Fannie Mae (includes $838 and $893, respectively, at fair value) .................... 732,444 780,044
Of consolidated trusts (includes $3,939 and $2,271, respectively, at fair value) ............ 2,457,428 2,416,956
Other liabilities (includes $629 and $893, respectively, related to consolidated trusts) ........ 13,535 13,673
Total liabilities .............................................................. 3,216,055 3,224,489
Commitments and contingencies (Note 19) ............................................ — —
Fannie Mae stockholders’ equity (deficit):
Senior preferred stock, 1,000,000 shares issued and outstanding ....................... 112,578 88,600
Preferred stock, 700,000,000 shares are authorized—555,374,922 and 576,868,139 shares
issued and outstanding, respectively ............................................ 19,130 20,204
Common stock, no par value, no maximum authorization—1,308,762,703 and 1,270,092,708
shares issued, respectively; 1,157,767,400 and 1,118,504,194 shares outstanding,
respectively ............................................................... 687 667
Accumulated deficit .......................................................... (128,381) (102,986)
Accumulated other comprehensive loss ........................................... (1,235) (1,682)
Treasury stock, at cost, 150,995,303 and 151,588,514 shares, respectively ............... (7,403) (7,402)
Total Fannie Mae stockholders’ deficit ........................................... (4,624) (2,599)
Noncontrolling interest ............................................................ 53 82
Total deficit ................................................................. (4,571) (2,517)
Total liabilities and deficit ......................................................... $3,211,484 $3,221,972
See Notes to Consolidated Financial Statements
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