Fannie Mae 2012 Annual Report Download - page 237

F-3
FANNIE MAE
(In conservatorship)
Consolidated Balance Sheets
(Dollars in millions, except share amounts)
As of December 31,
2012 2011
ASSETS
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,117 $ 17,539
Restricted cash (includes $61,976 and $45,900, respectively, related to consolidated trusts) . . . . . . . . . . . . . . . . . . . . . . . 67,919 50,797
Federal funds sold and securities purchased under agreements to resell or similar arrangements . . . . . . . . . . . . . . . . . . . . 32,500 46,000
Investments in securities:
Trading, at fair value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,695 74,198
Available-for-sale, at fair value (includes $935 and $1,191, respectively, related to consolidated trusts) . . . . . . . . . . . 63,181 77,582
Total investments in securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,876 151,780
Mortgage loans:
Loans held for sale, at lower of cost or fair value (includes $72 and $66, respectively, related to consolidated trusts). 464 311
Loans held for investment, at amortized cost:
Of Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 355,544 380,134
Of consolidated trusts (includes $10,800 and $3,611 respectively, at fair value and loans pledged as collateral that
may be sold or repledged of $943 and $798, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,652,193 2,590,332
Total loans held for investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,007,737 2,970,466
Allowance for loan losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (58,795) (72,156)
Total loans held for investment, net of allowance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,948,942 2,898,310
Total mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,949,406 2,898,621
Accrued interest receivable, net (includes $7,567 and $8,466, respectively, related to consolidated trusts) . . . . . . . . . . . . 9,176 10,000
Acquired property, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,489 11,373
Other assets (includes cash pledged as collateral of $1,222 and $1,109, respectively). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,939 25,374
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,222,422 $ 3,211,484
LIABILITIES AND EQUITY (DEFICIT)
Liabilities:
Accrued interest payable (includes $8,645 and $9,302, respectively, related to consolidated trusts) . . . . . . . . . . . . . . . . $ 11,303 $ 12,648
Debt:
Of Fannie Mae (includes $793 and $838, respectively, at fair value). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 615,864 732,444
Of consolidated trusts (includes $11,647 and $3,939, respectively, at fair value). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,573,653 2,457,428
Other liabilities (includes $1,059 and $629, respectively, related to consolidated trusts) . . . . . . . . . . . . . . . . . . . . . . . . . 14,378 13,535
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,215,198 3,216,055
Commitments and contingencies (Note 18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
Fannie Mae stockholders’ equity (deficit):
Senior preferred stock, 1,000,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117,149 112,578
Preferred stock, 700,000,000 shares are authorized—555,374,922 shares issued and outstanding . . . . . . . . . . . . . . . . 19,130 19,130
Common stock, no par value, no maximum authorization—1,308,762,703 shares issued, 1,158,077,970 and
1,157,767,400 shares outstanding, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 687 687
Accumulated deficit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (122,766) (128,381)
Accumulated other comprehensive income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 384 (1,235)
Treasury stock, at cost, 150,684,733 and 150,995,303 shares, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,401) (7,403)
Total Fannie Mae stockholders’ equity (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,183 (4,624)
Noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 53
Total equity (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,224 (4,571)
Total liabilities and equity (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,222,422 $ 3,211,484
See Notes to Consolidated Financial Statements