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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/06/2011
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Table of Contents

FANNIE MAE
(In conservatorship)

Condensed Consolidated Statements of Cash Flows—(Unaudited)
(Dollars in millions)
 
                 
    For the Three
 
    Months Ended
 
    March 31,  
    2011     2010  
 
Net cash provided by (used in) operating activities
  $ 2,566     $ (30,885 )
Cash flows provided by investing activities:
               
Purchases of trading securities held for investment
    (185 )     (6,695 )
Proceeds from maturities of trading securities held for investment
    522       805  
Proceeds from sales of trading securities held for investment
    409       15,068  
Purchases of available-for-sale securities
    (44 )     (107 )
Proceeds from maturities of available-for-sale securities
    3,851       4,120  
Proceeds from sales of available-for-sale securities
    498       4,428  
Purchases of loans held for investment
    (15,745 )     (12,725 )
Proceeds from repayments of loans held for investment of Fannie Mae
    5,381       3,920  
Proceeds from repayments of loans held for investment of consolidated trusts
    121,533       108,903  
Net change in restricted cash
    26,948       3,174  
Advances to lenders
    (15,646 )     (10,338 )
Proceeds from disposition of acquired property and preforeclosure sales
    10,979       7,678  
Net change in federal funds sold and securities purchased under agreements to resell or similar agreements
    (14,499 )     (9,135 )
Other, net
    (163 )     (382 )
                 
Net cash provided by investing activities
    123,839       108,714  
Cash flows used in financing activities:
               
Proceeds from issuance of debt of Fannie Mae
    163,776       293,013  
Payments to redeem debt of Fannie Mae
    (183,073 )     (277,495 )
Proceeds from issuance of debt of consolidated trusts
    72,567       88,750  
Payments to redeem debt of consolidated trusts
    (177,551 )     (172,385 )
Payments of cash dividends on senior preferred stock to Treasury
    (2,216 )     (1,527 )
Proceeds from senior preferred stock purchase agreement with Treasury
    2,600       15,300  
Net change in federal funds purchased and securities sold under agreements to repurchase
    26       180  
                 
Net cash used in financing activities
    (123,871 )     (54,164 )
Net increase in cash and cash equivalents
    2,534       23,665  
Cash and cash equivalents at beginning of period
    17,297       6,812  
                 
Cash and cash equivalents at end of period
  $ 19,831     $ 30,477  
                 
Cash paid during the period for interest
  $ 32,689     $ 36,788  
 
See Notes to Condensed Consolidated Financial Statements


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