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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

FANNIE MAE
(In conservatorship)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(UNAUDITED)
 
The following table represents the line items that we reclassified and condensed in our condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2010.
 
                                 
    For the Three Months Ended
  For the Six Months Ended
    June 30, 2010   June 30, 2010
    Before
  After
  Before
  After
    Reclassification   Reclassification   Reclassification   Reclassification
        (Dollars in millions)    
 
Reclassified lines to:
                               
Interest Income:
                               
Mortgage loans:
                               
Of Fannie Mae
  $ 3,950     $       $ 7,248     $    
Of consolidated trusts
    33,682               68,003          
Mortgage loans (includes $33,682 and $68,003, respectively, related to consolidated trusts)
            37,632               75,251  
Interest expense:
                               
Short-term debt:
                               
Of Fannie Mae
    164               280          
Of consolidated trusts
    3               5          
Long-term debt:
                               
Of Fannie Mae
    4,975               10,056          
Of consolidated trusts
    30,043               61,501          
Short-term debt (includes $3 and $5, respectively, related to consolidated trusts)
            167               285  
Long-term debt (includes $30,043 and $61,501, respectively, related to consolidated trusts)
            35,018               71,557  
Guaranty fee income
    52               106          
Fee and other income
    242       294       421       527  
Losses from partnership investments
    26               84          
Other expenses
    198       224       370       454  
 
In our condensed consolidated statements of cash flows for the six months ended June 30, 2010, we reclassified the following amounts within “Cash flows used in financing activities” to conform to our current period presentation: $394.7 billion from “Proceeds from issuance of short-term debt of Fannie Mae” and $197.8 billion from “Proceeds from issuance of long-term debt of Fannie Mae” to “Proceeds from issuance of debt of Fannie Mae,” $339.4 billion from “Payments to redeem short-term debt of Fannie Mae” and $180.1 billion from “Payments to redeem long-term debt of Fannie Mae” to “Payments to redeem debt of Fannie Mae,” $5.9 billion from “Proceeds from issuance of short-term debt of consolidated trusts” and $128.1 billion from “Proceeds from issuance of long-term debt of consolidated trusts” to “Proceeds from issuance of debt of consolidated trusts,” $18.1 billion from “Payments to redeem short-term debt of consolidated trusts” and $394.2 billion from “Payments to redeem long-term debt of consolidated trusts” to “Payments to redeem debt of consolidated trusts” and $37 million from “Proceeds from issuance of debt of Fannie Mae” to “Other, net.”


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