Print Page  |  Close Window

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 Using Significant Unobservable Inputs (Level 3)
 
For the Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30,
2018(5)(6)
 
 
 
Total Gains (Losses)
(Realized/Unrealized)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2017
 
Included in Net Income
 
Included in Total Other Comprehensive
Income (Loss)(1)
 
Purchases(2)
 
Sales(2)
 
Issues(3)
 
Settlements(3)
 
Transfers out of Level 3(4)
 
Transfers into
Level 3
 
Balance, September 30, 2018
 
 
(Dollars in millions)
Trading securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-related:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
971

 
$
163

 
 
$

 
 
$
1

 
$
(1,060
)
 
$

 
$

 
$

 
$
1

 
$
76

 
 
$
2

 
Other agency
35

 
(1
)
 
 

 
 

 

 

 
(1
)
 
(33
)
 

 

 
 

 
Alt-A and subprime private-label securities
194

 
(85
)
 
 

 
 

 

 

 
(5
)
 
(104
)
 

 

 
 

 
Mortgage revenue bonds
1

 

 
 

 
 

 

 

 

 

 

 
1

 
 

 
Total trading securities
$
1,201

 
$
77

(6)(7) 
 
$

 
 
$
1

 
$
(1,060
)
 
$

 
$
(6
)
 
$
(137
)
 
$
1

 
$
77

 
 
$
2

 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-related:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
208

 
$
1

 
 
$
(1
)
 
 
$

 
$

 
$

 
$
(8
)
 
$

 
$

 
$
200

 
 
$

 
Alt-A and subprime private-label securities
77

 

 
 
(45
)
 
 

 

 

 
(4
)
 
(4
)
 

 
24

 
 

 
Mortgage revenue bonds
671

 
1

 
 
(6
)
 
 

 
(22
)
 

 
(180
)
 

 

 
464

 
 

 
Other
357

 
21

 
 
1

 
 

 

 

 
(31
)
 

 

 
348

 
 

 
Total available-for-sale securities
$
1,313

 
$
23

(7)(8) 
 
$
(51
)
 
 
$

 
$
(22
)
 
$

 
$
(223
)
 
$
(4
)
 
$

 
$
1,036

 
 
$

 
Mortgage loans
$
1,116

 
$
35

(6)(7) 
 
$

 
 
$

 
$

 
$

 
$
(174
)
 
$
(131
)
 
$
119

 
$
965

 
 
$
17

 
Net derivatives
134

 
(104
)
(6) 
 

 
 

 

 

 
15

 
53

 

 
98

 
 
(56
)
 
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Of Fannie Mae:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior floating
$
(376
)
 
$
29

 
 
$

 
 
$

 
$

 
$

 
$

 
$

 
$

 
$
(347
)
 
 
$
29

 
Of consolidated trusts
(582
)
 
9

 
 

 
 

 

 
1

 
35

 
503

 
(129
)
 
(163
)
 
 
(3
)
 
Total long-term debt
$
(958
)
 
$
38

(6) 
 
$

 
 
$

 
$

 
$
1

 
$
35

 
$
503

 
$
(129
)
 
$
(510
)
 
 
$
26

 

Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
93