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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
 

Table 17 displays a summary of our condensed consolidated balance sheets as of the dates indicated.
Table 17: Summary of Condensed Consolidated Balance Sheets
 
As of
 
 
 
March 31, 2015
 
December 31, 2014
 
Variance
 
(Dollars in millions)
Assets 
 
 
 
 
 
Cash and cash equivalents and federal funds sold and securities purchased under agreements to resell or similar arrangements
$
44,090

 
$
52,973

 
$
(8,883
)
Restricted cash
41,439

 
32,542

 
8,897

Investments in securities(1)
59,018

 
62,158

 
(3,140
)
Mortgage loans:
 
 
 
 
 
Of Fannie Mae
266,289

 
272,666

 
(6,377
)
Of consolidated trusts
2,778,647

 
2,782,369

 
(3,722
)
Allowance for loan losses
(31,820
)
 
(35,541
)
 
3,721

Mortgage loans, net of allowance for loan losses
3,013,116

 
3,019,494

 
(6,378
)
Deferred tax assets, net
41,983

 
42,206

 
(223
)
Other assets
38,467

 
38,803

 
(336
)
Total assets
$
3,238,113

 
$
3,248,176

 
$
(10,063
)
Liabilities and equity
 
 
 
 
 
Debt:
 
 
 
 
 
Of Fannie Mae
$
448,740

 
$
460,443

 
$
(11,703
)
Of consolidated trusts
2,763,891

 
2,761,712

 
2,179

Other liabilities
21,886

 
22,301

 
(415
)
Total liabilities
3,234,517

 
3,244,456

 
(9,939
)
Total equity
3,596

 
3,720

 
(124
)
Total liabilities and equity
$
3,238,113

 
$
3,248,176

 
$
(10,063
)
__________
(1) 
Includes $19.4 billion as of March 31, 2015 and $19.5 billion as of December 31, 2014 of U.S. Treasury securities that are included in our other investments portfolio, which we present in “Table 21: Cash and Other Investments Portfolio.”
Cash and Other Investments Portfolio
Our cash and other investments portfolio consists of cash and cash equivalents, securities purchased under agreements to resell or similar arrangements, and investments in U.S. Treasury 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 servicers of loans backing consolidated trusts due to be remitted to the MBS certificateholders in the subsequent month. Our restricted cash increased as of March 31, 2015 compared with the balance as of December 31, 2014 primarily as a result of an increase in prepayments received on mortgage loans in March 2015 compared with prepayments received in December 2014.

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