Fannie Mae 2013 Annual Report Download - page 84

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Table 12: Total Loss Reserves
As of December 31,
2013 2012
(Dollars in millions)
Allowance for loan losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $43,846 $58,795
Reserve for guaranty losses(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,449 1,231
Combined loss reserves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,295 60,026
Allowance for accrued interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,156 1,737
Allowance for preforeclosure property taxes and insurance receivable(2) . . . . . . . . . . . . . . . . . . . . . . . . . . 839 866
Total loss reserves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,290 62,629
Fair value losses previously recognized on acquired credit-impaired loans(3) . . . . . . . . . . . . . . . . . . . . . . . 11,316 13,694
Total loss reserves and fair value losses previously recognized on acquired credit-impaired loans . . . . $58,606 $76,323
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(1) Amount included in “Other liabilities” in our consolidated balance sheets.
(2) Amount included in “Other assets” in our consolidated balance sheets.
(3) Represents the fair value losses on loans purchased out of unconsolidated MBS trusts reflected in our consolidated balance sheets.
Table 13 displays changes in the total allowance for loan losses, reserve for guaranty losses and the total combined loss
reserves for the periods indicated.