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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
Notes to Condensed Consolidated Financial Statements | Fair Value


 
Fair Value Measurements as of September 30, 2018
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Netting Adjustment(1)
 
Estimated Fair Value
 
 
(Dollars in millions)
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Of Fannie Mae:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior floating
 
$

 
 
 
$
6,904

 
 
 
$
347

 
 
 
$

 
 
 
$
7,251

 
Total of Fannie Mae
 

 
 
 
6,904

 
 
 
347

 
 
 

 
 
 
7,251

 
Of consolidated trusts
 

 
 
 
24,785

 
 
 
163

 
 
 

 
 
 
24,948

 
Total long-term debt
 

 
 
 
31,689

 
 
 
510

 
 
 

 
 
 
32,199

 
Other liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk management derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 

 
 
 
2,342

 
 
 
1

 
 
 

 
 
 
2,343

 
Swaptions
 

 
 
 
368

 
 
 

 
 
 

 
 
 
368

 
Other
 

 
 
 

 
 
 
1

 
 
 

 
 
 
1

 
Netting adjustment
 

 
 
 

 
 
 

 
 
 
(2,648
)
 
 
 
(2,648
)
 
Mortgage commitment derivatives
 

 
 
 
194

 
 
 
18

 
 
 

 
 
 
212

 
Total other liabilities
 

 
 
 
2,904

 
 
 
20

 
 
 
(2,648
)
 
 
 
276

 
Total liabilities at fair value
 
$

 
 
 
$
34,593

 
 
 
$
530

 
 
 
$
(2,648
)
 
 
 
$
32,475

 


Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
89