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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/07/2015
Entire Document
 





FANNIE MAE
(In conservatorship)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
(UNAUDITED)


 
As of March 31, 2015
 
Carrying
Value
 
Quoted Price in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Netting Adjustment
 
Estimated
Fair Value
 
(Dollars in millions)
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
$
65,299

 
$
46,349

 
$
18,950

 
$

 
$

 
$
65,299

Federal funds sold and securities purchased under agreements to resell or similar arrangements
20,230

 

 
20,230

 

 

 
20,230

Trading securities
31,286

 
19,367

 
9,633

 
2,286

 

 
31,286

Available-for-sale securities
27,732

 

 
14,261

 
13,471

 

 
27,732

Mortgage loans held for sale
613

 

 
153

 
567

 

 
720

Mortgage loans held for investment, net of allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Of Fannie Mae
235,827

 

 
31,127

 
214,493

 

 
245,620

Of consolidated trusts
2,776,676

 

 
2,644,458

 
204,706

 

 
2,849,164

Mortgage loans held for investment
3,012,503

 

 
2,675,585

 
419,199

 

 
3,094,784

Advances to lenders
6,361

 

 
5,901

 
443

 

 
6,344

Derivative assets at fair value
1,692

 

 
7,103

 
215

 
(5,626
)
 
1,692

Guaranty assets and buy-ups
201

 

 

 
599

 

 
599

Total financial assets
$
3,165,917

 
$
65,716

 
$
2,751,816

 
$
436,780

 
$
(5,626
)
 
$
3,248,686

 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased and securities sold under agreements to repurchase
$
87

 
$

 
$
87

 
$

 
$

 
$
87

Short-term debt:
 
 
 
 
 
 
 
 
 
 
 
    Of Fannie Mae
99,349

 

 
99,361

 

 

 
99,361

    Of consolidated trusts
1,463

 

 

 
1,463

 

 
1,463

Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
    Of Fannie Mae
349,391

 

 
363,358

 
994

 

 
364,352

    Of consolidated trusts
2,762,428

 

 
2,830,632

 
22,826

 

 
2,853,458

Derivative liabilities at fair value
802

 

 
12,689

 
149

 
(12,036
)
 
802

Guaranty obligations
367

 

 

 
1,536

 

 
1,536

Total financial liabilities
$
3,213,887

 
$

 
$
3,306,127

 
$
26,968

 
$
(12,036
)
 
$
3,321,059


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