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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 Using Significant Unobservable Inputs (Level 3)
 
For the Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30,
2017(5)(6)
 
 
 
Total Gains (Losses)
(Realized/Unrealized)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, June 30, 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
 
Transfers into
Level 3(4)
 
Balance, September 30, 2017
 
 
(Dollars in millions)
Trading securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-related:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
1,871

 
$
16

 
 
$

 
 
$

 
$

 
$

 
$

 
$
(8
)
 
$
7

 
$
1,886

 
 
$
27

 
Alt-A and subprime private-label securities
264

 
(2
)
 
 

 
 

 

 

 
(9
)
 

 

 
253

 
 
(1
)
 
Mortgage revenue bonds
1

 

 
 

 
 

 

 

 

 

 

 
1

 
 

 
Total trading securities
$
2,136

 
$
14

(6)(7) 
 
$

 
 
$

 
$

 
$

 
$
(9
)
 
$
(8
)
 
$
7

 
$
2,140

 
 
$
26

 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-related:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fannie Mae
$
206

 
$

 
 
$

 
 
$

 
$

 
$

 
$
(2
)
 
$
(16
)
 
$
8

 
$
196

 
 
$

 
Alt-A and subprime private-label securities
178

 

 
 
10

 
 

 

 

 
(8
)
 

 

 
180

 
 

 
Mortgage revenue bonds
873

 
5

 
 
(3
)
 
 

 
(59
)
 

 
(67
)
 

 

 
749

 
 

 
Other
380

 

 
 
4

 
 

 

 

 
(14
)
 

 

 
370

 
 

 
Total available-for-sale securities
$
1,637

 
$
5

(7)(8) 
 
$
11

 
 
$

 
$
(59
)
 
$

 
$
(91
)
 
$
(16
)
 
$
8

 
$
1,495

 
 
$

 
Mortgage loans
$
1,119

 
$
9

(6)(7) 
 
$

 
 
$

 
$

 
$

 
$
(58
)
 
$
(6
)
 
$
26

 
$
1,090

 
 
$
6

 
Net derivatives
124

 
18

(6) 
 

 
 

 

 

 
(16
)
 

 
(1
)
 
125

 
 
(14
)
 
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Of Fannie Mae:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior floating
$
(365
)
 
$
(4
)
 
 
$

 
 
$

 
$

 
$

 
$

 
$

 
$

 
$
(369
)
 
 
$
(4
)
 
Of consolidated trusts
(760
)
 
(2
)
 
 

 
 

 

 

 
33

 
141

 
(117
)
 
(705
)
 
 
(5
)
 
Total long-term debt
$
(1,125
)
 
$
(6
)
(6) 
 
$

 
 
$

 
$

 
$

 
$
33

 
$
141

 
$
(117
)
 
$
(1,074
)
 
 
$
(9
)
 


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