v3.25.2
Segment Reporting - Segment Earnings and Reconciliation to GAAP Condensed Consolidated Statements of Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Interest income $ 32,048 $ 29,064 $ 63,413 $ 57,449
Interest Expense, Operating (26,749) (24,136) (53,012) (47,762)
Net interest income 5,299 4,928 10,401 9,687
Non-interest income        
Guarantee income 398 383 838 879
Investment gains, net 119 549 311 954
Other income 100 128 218 225
Non-interest income 617 1,060 1,367 2,058
Net revenues 5,916 5,988 11,768 11,745
(Provision) benefit for credit losses (783) (394) (1,063) (575)
Non-interest expense        
General and Administrative Expense (748) (689) (1,424) (1,381)
Credit enhancement expense (511) (588) (1,051) (1,185)
Legislative and regulatory assessments (825) (802) (1,642) (1,589)
Other expense (74) (55) (129) (101)
Non-interest expense (2,158) (2,134) (4,246) (4,256)
Income before income tax expense 2,975 3,460 6,459 6,914
Income tax expense (588) (695) (1,278) (1,383)
Net income 2,387 2,765 5,181 5,531
Other comprehensive income (loss), net of taxes and reclassification adjustments 21 (5) 55 (30)
Comprehensive income 2,408 2,760 5,236 5,501
Single Family Guarantee Segment | Operating segments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Interest income 30,641 28,071 60,687 55,512
Interest Expense, Operating (25,743) (23,436) (51,036) (46,389)
Net interest income 4,898 4,635 9,651 9,123
Non-interest income        
Guarantee income 33 26 56 45
Investment gains, net 142 335 203 249
Other income 62 98 143 151
Non-interest income 237 459 402 445
Net revenues 5,135 5,094 10,053 9,568
(Provision) benefit for credit losses (622) (315) (850) (435)
Non-interest expense        
General and Administrative Expense (575) (540) (1,098) (1,082)
Credit enhancement expense (464) (546) (955) (1,103)
Legislative and regulatory assessments (813) (791) (1,620) (1,567)
Other expense (53) (44) (103) (94)
Non-interest expense (1,905) (1,921) (3,776) (3,846)
Income before income tax expense 2,608 2,858 5,427 5,287
Income tax expense (516) (574) (1,074) (1,058)
Net income 2,092 2,284 4,353 4,229
Other comprehensive income (loss), net of taxes and reclassification adjustments 9 (5) 17 (10)
Comprehensive income 2,101 2,279 4,370 4,219
Multifamily | Operating segments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Interest income 1,407 993 2,726 1,937
Interest Expense, Operating (1,006) (700) (1,976) (1,373)
Net interest income 401 293 750 564
Non-interest income        
Guarantee income 365 357 782 834
Investment gains, net (23) 214 108 705
Other income 38 30 75 74
Non-interest income 380 601 965 1,613
Net revenues 781 894 1,715 2,177
(Provision) benefit for credit losses (161) (79) (213) (140)
Non-interest expense        
General and Administrative Expense (173) (149) (326) (299)
Credit enhancement expense (47) (42) (96) (82)
Legislative and regulatory assessments (12) (11) (22) (22)
Other expense (21) (11) (26) (7)
Non-interest expense (253) (213) (470) (410)
Income before income tax expense 367 602 1,032 1,627
Income tax expense (72) (121) (204) (325)
Net income 295 481 828 1,302
Other comprehensive income (loss), net of taxes and reclassification adjustments 12 0 38 (20)
Comprehensive income $ 307 $ 481 $ 866 $ 1,282