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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 08/05/2011
Entire Document
 
Table of Contents

 
 
                 
    For the Six Months
 
    Ended June 30,  
    2011     2010  
 
Net cash used in operating activities
  $ (2,095 )   $ (47,133 )
Cash flows provided by investing activities:
               
Purchases of trading securities held for investment
    (545 )     (7,887 )
Proceeds from maturities and paydowns of trading securities held for investment
    1,051       1,398  
Proceeds from sales of trading securities held for investment
    516       20,442  
Purchases of available-for-sale securities
    (44 )     (142 )
Proceeds from maturities and paydowns of available-for-sale securities
    6,933       9,022  
Proceeds from sales of available-for-sale securities
    1,850       5,949  
Purchases of loans held for investment
    (26,000 )     (25,743 )
Proceeds from repayments of loans held for investment of Fannie Mae
    11,722       9,188  
Proceeds from repayments of loans held for investment of consolidated trusts
    226,210       219,380  
Net change in restricted cash
    26,099       9,798  
Advances to lenders
    (27,990 )     (23,131 )
Proceeds from disposition of acquired property and preforeclosure sales
    24,142       17,693  
Net change in federal funds sold and securities purchased under agreements to resell or similar agreements
    (7,749 )     15,618  
Other, net
    (33 )     (627 )
                 
Net cash provided by investing activities
    236,162       250,958  
Cash flows used in financing activities:
               
Proceeds from issuance of debt of Fannie Mae
    345,028       592,508  
Payments to redeem debt of Fannie Mae
    (401,125 )     (519,120 )
Proceeds from issuance of debt of consolidated trusts
    117,760       135,809  
Payments to redeem debt of consolidated trusts
    (305,465 )     (412,359 )
Payments of cash dividends on senior preferred stock to Treasury
    (4,497 )     (3,436 )
Proceeds from senior preferred stock purchase agreement with Treasury
    11,100       23,700  
Net change in federal funds purchased and securities sold under agreements to repurchase
          142  
Other, net
    109       (37 )
                 
Net cash used in financing activities
    (237,090 )     (182,793 )
Net (decrease) increase in cash and cash equivalents
    (3,023 )     21,032  
Cash and cash equivalents at beginning of period
    17,297       6,812  
                 
Cash and cash equivalents at end of period
  $ 14,274     $ 27,844  
                 
Cash paid during the period for interest
  $ 65,710     $ 73,272  
 
See Notes to Condensed Consolidated Financial Statements


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