Fannie Mae 2013 Annual Report Download - page 104

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Table 25 displays a summary of our consolidated balance sheets as of the dates indicated.
Table 25: Summary of Consolidated Balance Sheets
As of December 31,
2013 2012 Variance
(Dollars in millions)
Assets
Cash and cash equivalents and federal funds sold and securities purchased
under agreements to resell or similar arrangements . . . . . . . . . . . . . . . . . . . . . $ 58,203 $ 53,617 $ 4,586
Restricted cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,995 67,919 (38,924)
Investments in securities(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,939 103,876 (34,937)
Mortgage loans:
Of Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,508 355,936 (55,428)
Of consolidated trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,769,578 2,652,265 117,313
Allowance for loan losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (43,846)(58,795) 14,949
Mortgage loans, net of allowance for loan losses. . . . . . . . . . . . . . . . . . . . . . . 3,026,240 2,949,406 76,834
Deferred tax assets, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,560 — 47,560
Other assets(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,171 47,604 (7,433)
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,270,108 $ 3,222,422 $ 47,686
Liabilities and equity
Debt:
Of Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 529,434 $ 615,864 $ (86,430)
Of consolidated trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,705,089 2,573,653 131,436
Other liabilities(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,994 25,681 313
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,260,517 3,215,198 45,319
Senior preferred stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117,149 117,149 —
Other deficit(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (107,558)(109,925) 2,367
Total equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,591 7,224 2,367
Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,270,108 $ 3,222,422 $ 47,686
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(1) Includes $16.3 billion as of December 31, 2013 and $18.0 billion as of December 31, 2012 of non-mortgage-related securities that are
included in our other investments portfolio, which we present in “Table 35: Cash and Other Investments Portfolio.”
(2) Consists of accrued interest receivable, net; acquired property, net; and other assets.
(3) Consists of accrued interest payable and other liabilities.
(4) Consists of preferred stock, common stock, accumulated deficit, accumulated other comprehensive income, treasury stock and
noncontrolling interest.
Cash and Other Investments Portfolio
Our cash and other investments portfolio consists of cash and cash equivalents, federal funds sold and securities purchased
under agreements to resell or similar arrangements, and investments in non-mortgage-related securities. See “Liquidity and
Capital Management—Liquidity Management—Cash and Other Investments Portfolio” for additional information on our
cash and other investments portfolio.
Restricted Cash
Restricted cash primarily includes unscheduled borrower payments received by the servicer or consolidated trusts due to be
remitted to the MBS certificateholders in the subsequent month. Our restricted cash decreased as of December 31, 2013
compared with the balance as of December 31, 2012, resulting from a decrease in unscheduled payments received due to
lower payoff volumes in December 2013 compared with December 2012.
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 measured at fair value. Table 26 displays the fair value of our investments in mortgage-related securities,