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Audit

The Audit Committee oversees (a) the accounting, reporting, and financial practices of the Corporation and its subsidiaries, including the integrity of the Corporation's financial statements and internal control over financial reporting; (b) the Corporation's compliance with legal and regulatory requirements; (c) the external auditor's qualifications and independence; (d) the performance of the Corporation's internal audit function and the Corporation's external auditor; and (e) the Corporation's technology and operations environment.

The Audit Committee members are:

Dennis R. Beresford, Chair
Ernst & Young Executive Professor
of Accounting,
The J.M. Tull School of Accounting
University of Georgia
An educational institution
Athens, GA
Mr. Beresford initially became a director in May 2006, before we were put into conservatorship, and FHFA appointed him to Fannie Mae's Board in December 2008

William Thomas Forrester
Former Chief Financial Officer,
The Progressive Corporation
An auto and property-casualty insurance company
Sarasota, FL
Board member since 2008

Brenda J. Gaines
Former President and
Chief Executive Officer,
Diners Club North America
A subsidiary of Citigroup
Chicago, IL
Ms. Gaines initially became a director in September 2006, before we were put into conservatorship, and FHFA appointed her to Fannie Mae's Board in December 2008


Last Revised: November 23, 2009