Fannie Mae 2013 Annual Report Download - page 92

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Summary
Table 18 displays a summary of our segment results for 2013, 2012 and 2011.
Table 18: Business Segment Summary
For the Year Ended December 31,
2013 2012 2011
(Dollars in millions)
Net revenues:(1)
Single-Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,303 $ 8,120 $ 5,675
Multifamily. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,325 1,234 1,064
Capital Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,659 12,667 12,901
Consolidated trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,385 2,024 950
Eliminations/adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,338)(1,057)(146)
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26,334 $ 22,988 $ 20,444
Net income (loss) attributable to Fannie Mae:
Single-Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 48,276 $ 6,290 $ (23,941)
Multifamily. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,069 1,511 583
Capital Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,523 14,201 8,999
Consolidated trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,645 1,741 429
Eliminations/adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,550)(6,519)(2,925)
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 83,963 $ 17,224 $(16,855)
As of December 31,
2013 2012 2011
(Dollars in millions)
Total assets:
Single-Family. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,206 $ 17,595 $ 11,822
Multifamily. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,848 5,182 5,747
Capital Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 596,436 723,217 836,700
Consolidated trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,812,459 2,749,571 2,676,952
Eliminations/adjustments(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (190,841)(273,143)(319,737)
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,270,108 $3,222,422 $3,211,484
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(1) Includes net interest income (loss), guaranty fee income (expense), and fee and other income (expense).
(2) Includes the elimination of Fannie Mae MBS in the Capital Markets group’s retained mortgage portfolio that are issued by consolidated
trusts. Also includes the elimination of the allowance for loan losses, allowance for accrued interest receivable and fair value losses
previously recognized on acquired credit impaired loans as they are not treated as assets for Single-Family and Multifamily segment
reporting purposes because these allowances and losses relate to loan assets that are held by the Capital Markets segment and
consolidated trusts.