%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 24.03 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 24.03 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 722.45 Td (Contact:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 722.45 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 722.45 Td (Pete Bakel ) Tj ET Q q 0 0 0 rg BT 193.50 722.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.54 722.45 Td (Resource Center: 1-800-732-6643) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 708.65 Td (202-752-2034 ) Tj ET Q q 0 0 0 rg BT 193.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 409.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 445.50 708.65 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 708.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 687.05 Td (Date:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 687.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 121.50 687.05 Td (October31, 2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.05 687.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.55 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 409.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 445.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 517.50 687.05 Td ( ) Tj ET Q q 0 0 0 rg BT 553.50 687.05 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 109.60 648.65 Td (Fannie Mae Reports Net Income of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 309.63 648.65 Td ($4.0) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 332.99 648.65 Td ( Billion for ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 395.65 648.65 Td (Third Quarter) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 472.32 648.65 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 475.66 648.65 Td (2019) Tj ET Q BT /F3 12.00 Tf ET 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 638.15 336.00 -18.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 395.00 638.15 163.00 -26.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 395.00 612.15 163.00 -333.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 559.15 336.00 -18.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 638.15 m 395 620.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 638.15 m 478 638.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 638.15 m 558 620.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 638.15 m 558 638.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 620.15 m 395 612.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 620.15 m 558 612.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 612.15 m 395 566.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 612.15 m 478 612.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 612.15 m 558 566.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 612.15 m 558 612.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 566.15 m 395 559.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 566.15 m 558 559.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 559.15 m 395 541.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 559.15 m 558 541.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 541.15 m 395 533.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 541.15 m 558 533.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 533.15 m 395 449.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 533.15 m 558 449.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 449.15 m 395 444.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 449.15 m 558 444.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 444.15 m 395 349.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 444.15 m 558 349.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 349.15 m 395 344.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 349.15 m 558 344.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 344.15 m 395 279.15 l s 0.0196078431372549 0.19215686274509805 0.30196078431372547 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 344.15 m 558 279.15 l s BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 626.06 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 51.50 602.37 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 602.37 Td (Fannie Mae reported net income of $4.0 billion for the third quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 592.37 Td (2019, reflecting the strength of the company) Tj ET Q q 0 0 0 rg BT 262.66 592.37 Td (s underlying business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 582.37 Td (fundamentals. ) Tj ET Q q 0 0 0 rg BT 130.92 582.37 Td (This compares to net income of $3.4 billion for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 572.37 Td (second quarter of 2019.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 397.50 602.37 Td (Our strong quarterly results ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 592.37 Td (demonstrate the strength of Fannie ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 582.37 Td (Mae) Tj ET Q q 1 1 1 rg BT 418.99 582.37 Td (s business and our ability to ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 572.37 Td (dynamically manage credit while ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 562.37 Td (serving the needs of our ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 552.37 Td (customers. ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 530.37 Td (W) Tj ET Q q 1 1 1 rg BT 410.09 530.37 Td (e are focused on preparing for ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 520.37 Td (an eventual exit from ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 510.37 Td (conservatorship and providing ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 500.37 Td (liquidity for housing for low- and ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 490.37 Td (moderate-income ) Tj ET Q q 1 1 1 rg BT 477.72 490.37 Td (Americans. ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 468.37 Td (W) Tj ET Q q 1 1 1 rg BT 410.09 468.37 Td (e will continue to work with our ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 458.37 Td (customers and partners to provide ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 448.37 Td (sustainable and stable sources of ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 438.37 Td (financing for affordable homes and ) Tj ET Q BT /F4 10.00 Tf ET q 1 1 1 rg BT 397.50 428.37 Td (apartments.) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 402.00 406.37 Td (Hugh R. Frater) Tj ET Q q 1 1 1 rg BT 467.58 406.37 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 402.00 396.37 Td (Chief Executive Of) Tj ET Q q 1 1 1 rg BT 484.63 396.37 Td (ficer ) Tj ET Q BT /F2 12.00 Tf ET q 1 1 1 rg BT 51.50 547.06 Td (Business Highlights) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 51.50 523.37 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 523.37 Td (The U.S. Department of the ) Tj ET Q q 0 0 0 rg BT 190.38 523.37 Td (T) Tj ET Q q 0 0 0 rg BT 196.12 523.37 Td (reasury and the Federal Housing Finance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 513.37 Td (Agency \(FHF) Tj ET Q q 0 0 0 rg BT 123.85 513.37 Td (A\), on the company) Tj ET Q q 0 0 0 rg BT 212.60 513.37 Td (s behalf, agreed to increase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 503.37 Td (amount of capital Fannie Mae is permitted to retain from $3 billion to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 493.37 Td ($25 billion, ef) Tj ET Q q 0 0 0 rg BT 124.25 493.37 Td (fective with the third quarter 2019 dividend period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 483.37 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 116.45 483.37 Td (, the company can retain its quarterly earnings until it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 473.37 Td (exceeds that capital reserve level, allowing it to begin restoring its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 463.37 Td (capital base. ) Tj ET Q q 0 0 0 rg BT 123.87 463.37 Td (As a result, Fannie Mae) Tj ET Q q 0 0 0 rg BT 231.52 463.37 Td (s net worth increased to $10.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 453.37 Td (billion as of September 30, 2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 434.37 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 434.37 Td (Fannie Mae was the largest issuer of single-family mortgage-related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 424.37 Td (securities in the secondary market during the first nine months of 2019. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 414.37 Td (The company) Tj ET Q q 0 0 0 rg BT 128.13 414.37 Td (s estimated market share of new single-family mortgage-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 404.37 Td (related securities issuances was 39% for the third quarter of 2019. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 394.37 Td (Fannie Mae) Tj ET Q q 0 0 0 rg BT 120.35 394.37 Td (s single-family loan acquisitions consisted of a higher ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 384.37 Td (share of refinance loans in the third quarter compared with the second ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 374.37 Td (quarter of 2019, driven primarily by continued lower interest rates. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 364.37 Td (Fannie Mae has financed approximately 1 in 4 single-family mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 354.37 Td (loans outstanding in the United States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 334.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 334.37 Td (Fannie Mae provided $52.1 billion in multifamily financing in the first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 324.37 Td (nine months of 2019, which enabled the financing of 548,000 units of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 314.37 Td (multifamily housing. More than 90% of the multifamily units the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 304.37 Td (company financed in the third quarter of 2019 were af) Tj ET Q q 0 0 0 rg BT 302.13 304.37 Td (fordable to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 294.37 Td (families earning at or below 120% of the area median income,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 284.37 Td (providing support for both af) Tj ET Q q 0 0 0 rg BT 189.84 284.37 Td (fordable and workforce housing.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 5.23 50.00 35.30 cm /I1 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I2 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 721.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.57 721.75 Td (ASHINGT) Tj ET Q q 0 0 0 rg BT 102.83 721.75 Td (ON, DC Fannie Mae \(FNMA/OTCQB\) reported net income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.92 721.75 Td ($4.0 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.73 721.75 Td ( and comprehensive income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 709.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.62 709.75 Td ($4.0 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.43 709.75 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.34 709.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.25 709.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.15 709.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.40 709.75 Td (, compared with net income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.57 709.75 Td ($3.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.38 709.75 Td ( and comprehensive income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 697.75 Td ($3.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.31 697.75 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.22 697.75 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.93 697.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.82 697.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.07 697.75 Td (. ) Tj ET Q q 0 0 0 rg BT 239.45 697.75 Td (The increase in net income in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.53 697.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 697.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.34 697.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.59 697.75 Td ( was driven ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 685.75 Td (primarily by increases in credit-related income and net revenues, partially of) Tj ET Q q 0 0 0 rg BT 383.92 685.75 Td (fset by a decrease in investment gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 673.75 Td (during the quarter) Tj ET Q q 0 0 0 rg BT 127.89 673.75 Td (. ) Tj ET Q q 0 0 0 rg BT 133.26 673.75 Td (The stable guaranty books in both businesses continued to provide underlying earnings power) Tj ET Q q 0 0 0 rg BT 549.09 673.75 Td (.) Tj ET Q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 660.25 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 648.16 Td (Summary of Financial Results) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 617.25 m 300 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 617.25 m 353 617.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 617.25 m 405 617.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 617.25 m 457 617.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 617.25 m 510 617.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 617.25 m 563 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 617.25 m 353 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 617.25 m 405 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 617.25 m 457 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 617.25 m 510 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 617.25 m 563 617.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 587.25 m 300 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 587.25 m 353 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 587.25 m 405 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 587.25 m 457 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 587.25 m 510 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 587.25 m 563 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 587.25 m 300 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 587.25 m 563 587.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 482.25 m 300 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 482.25 m 353 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 482.25 m 405 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 482.25 m 457 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 482.25 m 510 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 482.25 m 563 482.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 437.25 m 300 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 437.25 m 353 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 437.25 m 405 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 437.25 m 457 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 437.25 m 510 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 437.25 m 563 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 437.25 m 300 437.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 407.25 m 353 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 407.25 m 405 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 407.25 m 457 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 407.25 m 510 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 407.25 m 563 407.25 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 407.25 m 300 407.25 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 393.25 m 300 393.25 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 391.25 m 300 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 407.25 m 353 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 407.25 m 405 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 407.25 m 457 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 407.25 m 563 407.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 391.25 m 353 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 393.25 m 353 393.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 391.25 m 405 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 393.25 m 405 393.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 391.25 m 457 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 393.25 m 457 393.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 391.25 m 510 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 393.25 m 510 393.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 391.25 m 563 391.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 393.25 m 563 393.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 621.48 Td (\(Dollars in millions\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 318.20 621.48 Td (3Q19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.70 621.48 Td (2Q19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.00 621.48 Td (V) Tj ET Q q 0 0 0 rg BT 421.12 621.48 Td (ariance) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.70 621.48 Td (3Q18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.50 621.48 Td (V) Tj ET Q q 0 0 0 rg BT 526.39 621.48 Td (ariance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 606.48 Td (Net interest income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.50 606.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 606.48 Td (5,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 606.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 606.48 Td (5,150) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.50 606.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.55 606.48 Td (79) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 606.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.45 606.48 Td (5,369) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 606.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.45 606.48 Td (\(140) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 606.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 591.48 Td (Fee and other income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.15 591.48 Td (402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.15 591.48 Td (246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 591.48 Td (156) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 591.48 Td (271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 591.48 Td (131) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 576.48 Td (Net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 576.48 Td (5,631) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 576.48 Td (5,396) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 576.48 Td (235) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.45 576.48 Td (5,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.35 576.48 Td (\(9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 576.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 561.48 Td (Investment gains, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.15 561.48 Td (253) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.15 561.48 Td (461) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.45 561.48 Td (\(208) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 561.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 561.48 Td (166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.60 561.48 Td (87) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 546.48 Td (Fair value gains \(losses\), net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.45 546.48 Td (\(713) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 546.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 546.48 Td (\(754) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 546.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.55 546.48 Td (41) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 546.48 Td (386) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 546.48 Td (\(1,099) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 546.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 531.48 Td (Administrative expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.45 531.48 Td (\(749) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 531.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 531.48 Td (\(744) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 531.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 531.48 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 531.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 531.48 Td (\(740) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 531.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.35 531.48 Td (\(9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 531.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 516.48 Td (Credit-related income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 501.48 Td (Benefit for credit losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 501.48 Td (1,857) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 501.48 Td (1,225) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 501.48 Td (632) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 501.48 Td (716) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.45 501.48 Td (1,141) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 486.48 Td (Foreclosed property expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.90 486.48 Td (\(96) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 486.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 486.48 Td (\(128) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 486.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.55 486.48 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 486.48 Td (\(159) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 486.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.60 486.48 Td (63) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 471.48 Td (T) Tj ET Q q 0 0 0 rg BT 68.50 471.48 Td (otal credit-related income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 471.48 Td (1,761) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 471.48 Td (1,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 471.48 Td (664) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 471.48 Td (557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.45 471.48 Td (1,204) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 456.48 Td (T) Tj ET Q q 0 0 0 rg BT 56.94 456.48 Td (emporary Payroll ) Tj ET Q q 0 0 0 rg BT 119.12 456.48 Td (T) Tj ET Q q 0 0 0 rg BT 123.49 456.48 Td (ax Cut Continuation ) Tj ET Q q 0 0 0 rg BT 195.31 456.48 Td (Act of 201) Tj ET Q q 0 0 0 rg BT 230.82 456.48 Td (1 \(TCCA\) fees) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.45 456.48 Td (\(613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 456.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 456.48 Td (\(600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 456.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.90 456.48 Td (\(13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 456.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 456.48 Td (\(576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 456.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.90 456.48 Td (\(37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 456.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 441.48 Td (Other expenses, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.45 441.48 Td (\(571) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 441.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 441.48 Td (\(535) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 441.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.90 441.48 Td (\(36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 441.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.45 441.48 Td (\(377) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 441.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.45 441.48 Td (\(194) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 441.48 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 426.48 Td (Income before federal income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 426.48 Td (4,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 426.48 Td (4,321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 426.48 Td (678) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.45 426.48 Td (5,056) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.90 426.48 Td (\(57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 426.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 411.48 Td (Provision for federal income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.80 411.48 Td (\(1,036) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 411.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.45 411.48 Td (\(889) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 411.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.45 411.48 Td (\(147) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 411.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.80 411.48 Td (\(1,045) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 411.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.05 411.48 Td (9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 396.48 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.50 396.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 396.48 Td (3,963) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 396.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 396.48 Td (3,432) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.50 396.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 396.48 Td (531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 396.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.45 396.48 Td (4,01) Tj ET Q q 0 0 0 rg BT 502.02 396.48 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 396.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.90 396.48 Td (\(48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.50 396.48 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 378.48 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 378.48 Td (otal comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.50 378.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 378.48 Td (3,977) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 378.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 378.48 Td (3,365) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.50 378.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.15 378.48 Td (612) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 378.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.45 378.48 Td (3,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 378.48 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.05 378.48 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 353.75 Td (Net revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.31 353.75 Td (, which consist of net interest income and fee and other income, were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.92 353.75 Td ($5.6 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.73 353.75 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.64 353.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.55 353.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.62 341.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.86 341.75 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.23 341.75 Td ($5.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.04 341.75 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.95 341.75 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.66 341.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.55 341.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.80 341.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (Net interest income was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.99 320.75 Td ($5.2 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.80 320.75 Td ( for both the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.95 320.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.86 320.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.76 320.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.01 320.75 Td ( and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.93 320.75 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.64 320.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.53 320.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.78 320.75 Td (. Net interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.75 Td (income for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.64 308.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.56 308.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.46 308.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.70 308.75 Td ( was relatively flat compared with the second quarter of 2019 as an increase in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.75 Td (income from the guaranty book of business was of) Tj ET Q q 0 0 0 rg BT 272.21 296.75 Td (fset by a decrease in income from the company) Tj ET Q q 0 0 0 rg BT 484.36 296.75 Td (s retained ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.75 Td (mortgage portfolio and other investments portfolio. ) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.10 258.35 Td (Net Interest Income) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 243.95 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 513.00 0 0 155.00 49.50 83.95 cm /I3 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 82.98 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 79.35 Td (Includes revenues generated by the 10 basis point guaranty fee increase the company implemented pursuant to the ) Tj ET Q q 0 0 0 rg BT 474.67 79.35 Td (TCCA, the incremental ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 69.75 Td (revenue from which is remitted to ) Tj ET Q q 0 0 0 rg BT 182.90 69.75 Td (T) Tj ET Q q 0 0 0 rg BT 187.49 69.75 Td (reasury and not retained by us. ) Tj ET Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I4 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I5 Do Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 726.83 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 723.20 Td (Includes interest income from assets held in the company) Tj ET Q q 0 0 0 rg BT 268.29 723.20 Td (s retained mortgage portfolio and other investments portfolio, as well as other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 713.60 Td (assets used to generate lender liquidity) Tj ET Q q 0 0 0 rg BT 201.16 713.60 Td (. ) Tj ET Q q 0 0 0 rg BT 205.16 713.60 Td (Also includes interest expense on the company) Tj ET Q q 0 0 0 rg BT 374.01 713.60 Td (s outstanding corporate debt and Connecticut ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 704.00 Td (A) Tj ET Q q 0 0 0 rg BT 68.19 704.00 Td (venue Securities) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 127.34 707.82 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.61 704.00 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.00 Td (Fee and other income increased in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.94 683.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.85 683.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.75 683.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.00 683.00 Td ( attributed primarily to an increase in yield maintenance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.00 Td (fees due to higher prepayments on multifamily loans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.00 Td (Net fair value losses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.99 650.00 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.45 650.00 Td ($713 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.81 650.00 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.83 650.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.75 650.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.64 650.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.89 650.00 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.25 650.00 Td ($754 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.62 650.00 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.64 650.00 Td (second ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.00 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.18 638.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.08 638.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.33 638.00 Td (. Net fair value losses in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.94 638.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.86 638.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.75 638.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.00 638.00 Td ( were driven primarily by:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 621.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 621.50 Td (net interest expense accruals on risk management derivatives combined with decreases in the fair value of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 609.50 Td (pay-fixed risk management derivatives due to declines in medium- to longer-term swap rates, which were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 597.50 Td (partially of) Tj ET Q q 0 0 0 rg BT 130.90 597.50 Td (fset by increases in the fair value of the company) Tj ET Q q 0 0 0 rg BT 349.72 597.50 Td (s receive-fixed risk management derivatives;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 581.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 581.00 Td (decreases in the fair value of mortgage commitment derivatives due to losses on commitments to sell ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 569.00 Td (mortgage-related securities as a result of increases in the prices of securities as interest rates declined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 557.00 Td (during the commitment periods, partially of) Tj ET Q q 0 0 0 rg BT 273.74 557.00 Td (fset by gains on commitments to buy mortgage-related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 545.00 Td (securities; and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 528.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 528.50 Td (increases in the fair value of long-term debt of consolidated trusts due to a decline in interest rates.) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 214.80 502.10 Td (Net Fair Value Gains \(Losses\)) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 487.70 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 513.00 0 0 120.00 49.50 353.70 cm /I6 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 337.70 Td (Credit-related income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.08 337.70 Td (consists of a benefit or provision for credit losses and foreclosed property expense. Credit-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 325.70 Td (related income was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.43 325.70 Td ($1.8 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.24 325.70 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.26 325.70 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.18 325.70 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.08 325.70 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.32 325.70 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.69 325.70 Td ($1.1 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.50 325.70 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.52 325.70 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.23 325.70 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 313.70 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.75 313.70 Td (. ) Tj ET Q q 0 0 0 rg BT 77.12 313.70 Td (The increase in credit-related income in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.66 313.70 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.58 313.70 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.48 313.70 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.72 313.70 Td ( was driven primarily by an enhancement to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 301.70 Td (the company's model used to estimate cash flows for individually impaired single-family loans within the company) Tj ET Q q 0 0 0 rg BT 552.02 301.70 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 289.70 Td (allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 166.60 289.70 Td (This enhancement was performed as part of management) Tj ET Q q 0 0 0 rg BT 425.45 289.70 Td (s routine model performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 277.70 Td (review process. In addition to incorporating recent loan performance data, this model enhancement better captures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 265.70 Td (recent prepayment activity) Tj ET Q q 0 0 0 rg BT 165.48 265.70 Td (, default rates, and loss severity in the event of default.) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 235.85 239.30 Td (Credit-Related Income) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 224.90 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 513.00 0 0 120.00 49.50 99.90 cm /I7 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I8 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I9 Do Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 721.75 Td (Investment gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.97 721.75 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.42 721.75 Td ($253 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.79 721.75 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.80 721.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.72 721.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.62 721.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.86 721.75 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.23 721.75 Td ($461 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.59 721.75 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.61 721.75 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.32 721.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 709.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.62 709.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.86 709.75 Td (. ) Tj ET Q q 0 0 0 rg BT 88.24 709.75 Td (The decrease in investment gains was driven primarily by a decrease in gains from sales of single-family ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 697.75 Td (loans and available-for-sale securities in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.83 697.75 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.75 697.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.64 697.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.89 697.75 Td ( compared with gains from such sales in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 685.75 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.21 685.75 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.11 685.75 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.35 685.75 Td (.) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 251.55 659.35 Td (Investment Gains) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 644.95 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 513.00 0 0 120.00 49.50 519.95 cm /I10 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I11 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I12 Do Q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 505.45 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 493.36 Td (Providing Liquidity and Support to the Market) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 466.95 Td (Fannie Mae) Tj ET Q q 0 0 0 rg BT 104.35 466.95 Td (s mission is to provide a stable source of liquidity to support housing for low-and moderate-income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 454.95 Td (Americans. In the first nine months of 2019, more than 90% of the multifamily units the company financed were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 442.95 Td (af) Tj ET Q q 0 0 0 rg BT 57.66 442.95 Td (fordable to families earning at or below 120% of the area median income, providing support for both af) Tj ET Q q 0 0 0 rg BT 508.86 442.95 Td (fordable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (and workforce housing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 409.95 Td (Fannie Mae provided ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.22 409.95 Td ($460 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.82 409.95 Td ( in liquidity to the mortgage market in the first nine months of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.95 409.95 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.20 409.95 Td (. ) Tj ET Q q 0 0 0 rg BT 494.57 409.95 Td (Through its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 397.95 Td (purchases and guarantees of mortgage loans in the first nine months of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.03 397.95 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.27 397.95 Td (, Fannie Mae acquired approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 385.95 Td (1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.52 385.95 Td ( single-family mortgage loans. Fannie Mae also financed approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.46 385.95 Td (548,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.61 385.95 Td ( units of multifamily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 373.95 Td (housing in the first nine months of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.81 373.95 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.06 373.95 Td (.) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 62.20 347.55 Td (Fannie Mae Provided ) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 196.60 347.55 Td ($460) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 228.27 347.55 Td ( Billion in Liquidity in the First Nine Months of ) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 520.17 347.55 Td (2019) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 549.75 347.55 Td ( ) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 rg /GS0 gs 88.50 311.55 204.00 -32.00 re f /GS0 gs 0.17254901960784313 0.4117647058823529 0.21568627450980393 rg /GS0 gs 303.50 311.55 219.00 -32.00 re f /GS0 gs 0.796078431372549 0.7843137254901961 0.7647058823529411 rg /GS0 gs 88.50 273.55 204.00 -32.00 re f /GS0 gs 0.796078431372549 0.7843137254901961 0.7647058823529411 rg /GS0 gs 303.50 273.55 219.00 -32.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 88.50 235.55 204.00 -32.00 re f /GS0 gs 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 303.50 235.55 219.00 -32.00 re f /GS0 gs BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 124.30 322.24 Td (Unpaid Principal Balance) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 398.55 322.39 Td (Units) Tj ET Q BT /F6 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 164.05 291.81 Td ($240.1B) Tj ET Q BT /F6 14.00 Tf ET q 1 1 1 rg BT 395.80 298.46 Td (942K) Tj ET Q BT /F6 14.00 Tf ET q 1 1 1 rg BT 315.60 284.46 Td (Single-Family Home Purchases) Tj ET Q BT /F6 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 164.90 253.81 Td ($167.3B) Tj ET Q BT /F6 14.00 Tf ET q 0 0 0 rg BT 395.75 260.46 Td (649K) Tj ET Q BT /F6 14.00 Tf ET q 0 0 0 rg BT 327.35 246.46 Td (Single-Family Refinancings) Tj ET Q BT /F6 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 168.65 215.81 Td ($52.1B) Tj ET Q BT /F6 14.00 Tf ET 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 395.80 233.05 33.37 -13.62 re f /GS0 gs q 1 1 1 rg BT 395.80 222.46 Td (548K) Tj ET Q BT /F6 14.00 Tf ET 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 335.35 219.05 154.27 -13.62 re f /GS0 gs q 1 1 1 rg BT 335.35 208.46 Td (Multifamily Rental Units) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 728.50 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 716.41 Td (Business Segments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.00 Td (Fannie Mae) Tj ET Q q 0 0 0 rg BT 104.35 690.00 Td (s two reportable business segmentsSingle-Family and Multifamilyengage in complementary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.00 Td (business activities to provide liquidity) Tj ET Q q 0 0 0 rg BT 212.17 678.00 Td (, access to credit, and af) Tj ET Q q 0 0 0 rg BT 320.38 678.00 Td (fordability in all U.S. housing markets at all times, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 666.00 Td (while ef) Tj ET Q q 0 0 0 rg BT 83.23 666.00 Td (fectively managing risk. ) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 638.5 m 562 638.5 l s BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 644.99 Td (Single-Family Business) Tj ET Q BT /F1 10.00 Tf ET 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 613.5 m 301 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 613.5 m 347 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 613.5 m 397 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 613.5 m 455 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 613.5 m 505 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 613.5 m 563 613.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 583.5 m 301 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 583.5 m 347 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 583.5 m 397 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 583.5 m 455 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 583.5 m 505 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 583.5 m 563 583.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 478.5 m 301 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 478.5 m 347 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 478.5 m 397 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 478.5 m 455 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 478.5 m 505 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 478.5 m 563 478.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 448.5 m 301 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 448.5 m 347 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 448.5 m 397 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 448.5 m 455 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 448.5 m 505 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 448.5 m 563 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 434.5 m 301 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 432.5 m 301 432.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 448.5 m 347 448.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 434.5 m 347 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 432.5 m 347 432.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 434.5 m 397 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 432.5 m 397 432.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 434.5 m 455 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 432.5 m 455 432.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 434.5 m 505 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 432.5 m 505 432.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 434.5 m 563 434.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 432.5 m 563 432.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 617.90 Td (\(Dollars in millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.45 617.90 Td (3Q19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.95 617.90 Td (2Q19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.45 617.90 Td (V) Tj ET Q q 0 0 0 rg BT 419.20 617.90 Td (ariance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 617.90 Td (3Q18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 617.90 Td (V) Tj ET Q q 0 0 0 rg BT 526.96 617.90 Td (ariance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 602.90 Td (Net interest income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.50 602.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.95 602.90 Td (4,484) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.50 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.95 602.90 Td (4,419) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.45 602.90 Td (65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.50 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.95 602.90 Td (4,670) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 602.90 Td (\(186) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 602.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 587.90 Td (Fee and other income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 587.90 Td (156) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.45 587.90 Td (88) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.45 587.90 Td (68) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.45 587.90 Td (79) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 587.90 Td (77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 572.90 Td (Net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.95 572.90 Td (4,640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.95 572.90 Td (4,507) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.45 572.90 Td (133) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.95 572.90 Td (4,749) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 572.90 Td (\(109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 572.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 557.90 Td (Investment gains, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 557.90 Td (198) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.45 557.90 Td (417) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.45 557.90 Td (\(219) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 557.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 557.90 Td (146) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 557.90 Td (52) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 542.90 Td (Fair value gains \(losses\), net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 542.90 Td (\(719) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.50 542.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.45 542.90 Td (\(758) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.50 542.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.45 542.90 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 542.90 Td (417) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.95 542.90 Td (\(1,136) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 542.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 527.90 Td (Administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 527.90 Td (\(634) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.50 527.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.45 527.90 Td (\(634) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.50 527.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.50 527.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 527.90 Td (\(636) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 527.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.45 527.90 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 512.90 Td (Credit-related income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.95 512.90 Td (1,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.95 512.90 Td (1,126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.45 512.90 Td (621) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 512.90 Td (582) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.95 512.90 Td (1,165) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 497.90 Td (TCCA) Tj ET Q q 0 0 0 rg BT 74.75 497.90 Td ( fees) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 497.90 Td (\(613) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.50 497.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.45 497.90 Td (\(600) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.50 497.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.45 497.90 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 497.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 497.90 Td (\(576) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 497.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 497.90 Td (\(37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 497.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 482.90 Td (Other expenses, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 482.90 Td (\(424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.50 482.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.45 482.90 Td (\(418) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.50 482.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.45 482.90 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 482.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 482.90 Td (\(282) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 482.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 482.90 Td (\(142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 482.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 467.90 Td (Income before federal income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.95 467.90 Td (4,195) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.95 467.90 Td (3,640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.45 467.90 Td (555) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.95 467.90 Td (4,400) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 467.90 Td (\(205) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 467.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 452.90 Td (Provision for federal income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 452.90 Td (\(872) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.50 452.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.45 452.90 Td (\(769) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.50 452.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.45 452.90 Td (\(103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 452.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 452.90 Td (\(938) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 452.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 452.90 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 437.90 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.50 437.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.95 437.90 Td (3,323) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.50 437.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.95 437.90 Td (2,871) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 437.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.45 437.90 Td (452) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.50 437.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.95 437.90 Td (3,462) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 437.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 437.90 Td (\(139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 437.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 417.90 Td (Serious delinquency rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.95 417.90 Td (0.68) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 417.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.95 417.90 Td (0.70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.50 417.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 417.90 Td (0.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 417.90 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 390.00 Td (Financial Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 373.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 373.50 Td (Single-Family net income was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.11 373.50 Td ($3.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.92 373.50 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.94 373.50 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.85 373.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.75 373.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 373.50 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.36 373.50 Td ($2.9 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.17 373.50 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 361.50 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.21 361.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.11 361.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.35 361.50 Td (. ) Tj ET Q q 0 0 0 rg BT 193.73 361.50 Td (The increase in net income in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.81 361.50 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.73 361.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.62 361.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.87 361.50 Td ( was due primarily to an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 349.50 Td (increase in credit-related income driven primarily by an enhancement to the company's model used to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 337.50 Td (estimate cash flows for individually impaired single-family loans within the company) Tj ET Q q 0 0 0 rg BT 455.48 337.50 Td (s allowance for loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 325.50 Td (losses, as described in the Summary of Financial Results above. ) Tj ET Q q 0 0 0 rg BT 374.34 325.50 Td (The increase in net income was partially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 313.50 Td (of) Tj ET Q q 0 0 0 rg BT 93.66 313.50 Td (fset by a decrease in investment gains compared with the second quarter of 2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 297.00 Td (Business Highlights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 280.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 280.50 Td (The average single-family conventional guaranty book of business increased by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.71 280.50 Td ($17 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.74 280.50 Td ( during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.77 280.50 Td (third ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 268.50 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.18 268.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.08 268.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.33 268.50 Td (, while the average charged guaranty fee, net of ) Tj ET Q q 0 0 0 rg BT 367.73 268.50 Td (T) Tj ET Q q 0 0 0 rg BT 372.73 268.50 Td (emporary Payroll ) Tj ET Q q 0 0 0 rg BT 450.91 268.50 Td (T) Tj ET Q q 0 0 0 rg BT 455.91 268.50 Td (ax Cut Continuation ) Tj ET Q q 0 0 0 rg BT 545.97 268.50 Td (Act ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 256.50 Td (of 201) Tj ET Q q 0 0 0 rg BT 112.56 256.50 Td (1 \(TCCA\) fees, on the single-family conventional guaranty book increased slightly in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.76 256.50 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.68 256.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 244.50 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.28 244.50 Td (43.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.74 244.50 Td ( basis points as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.56 244.50 Td (June 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.95 244.50 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 244.50 Td (43.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.31 244.50 Td ( basis points as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.13 244.50 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.75 244.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 228.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 228.00 Td (Fannie Mae) Tj ET Q q 0 0 0 rg BT 140.35 228.00 Td (s average charged guaranty fee on newly acquired conventional single-family loans, net of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 216.00 Td (TCCA) Tj ET Q q 0 0 0 rg BT 112.17 216.00 Td ( fees, decreased nearly 1 basis point to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.94 216.00 Td (45.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.41 216.00 Td ( basis points in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.01 216.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.93 216.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.82 216.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.07 216.00 Td ( from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.63 216.00 Td (46.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.09 216.00 Td ( basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 204.00 Td (points in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.20 204.00 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.91 204.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.81 204.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.06 204.00 Td (, driven primarily by the stronger credit profile of the single-family loans ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 192.00 Td (the company acquired in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.91 192.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.83 192.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.73 192.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.97 192.00 Td ( compared with the second quarter of 2019. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 175.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 175.50 Td (The single-family serious delinquency rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.60 175.50 Td (0.68%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.95 175.50 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.19 175.50 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.81 175.50 Td (, a decrease from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.40 175.50 Td (0.82%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.75 175.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 163.50 Td (as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.96 163.50 Td (September 30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.58 163.50 Td (. Single-family seriously delinquent loans are loans that are 90 days or more past ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 151.50 Td (due or in the foreclosure process.) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I13 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I14 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 711.5 m 562 711.5 l s BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 717.99 Td (Multifamily Business) Tj ET Q BT /F1 10.00 Tf ET 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 686.5 m 303 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 686.5 m 349 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 686.5 m 399 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 686.5 m 456 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 686.5 m 505 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 686.5 m 563 686.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 656.5 m 303 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 656.5 m 349 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 656.5 m 399 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 656.5 m 456 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 656.5 m 505 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 656.5 m 563 656.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 581.5 m 303 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 581.5 m 349 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 581.5 m 399 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 581.5 m 456 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 581.5 m 505 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 581.5 m 563 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 581.5 m 399 581.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 551.5 m 303 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 551.5 m 349 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 551.5 m 399 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 551.5 m 456 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 551.5 m 505 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 551.5 m 563 551.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 551.5 m 303 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 537.5 m 303 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 535.5 m 303 535.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 551.5 m 349 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 537.5 m 349 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 535.5 m 349 535.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 551.5 m 399 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 537.5 m 399 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 535.5 m 399 535.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 551.5 m 456 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 537.5 m 456 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 535.5 m 456 535.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 551.5 m 505 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 537.5 m 505 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 535.5 m 505 535.5 l s 0.12941176470588237 0.4235294117647059 0.16862745098039217 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 551.5 m 563 551.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 537.5 m 563 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 535.5 m 563 535.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 535.5 m 303 535.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 537.5 m 303 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 535.5 m 399 535.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 537.5 m 399 537.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 535.5 m 505 535.5 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 537.5 m 505 537.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 690.90 Td (\(Dollars in millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.45 690.90 Td (3Q19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.95 690.90 Td (2Q19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.95 690.90 Td (V) Tj ET Q q 0 0 0 rg BT 420.70 690.90 Td (ariance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.45 690.90 Td (3Q18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 690.90 Td (V) Tj ET Q q 0 0 0 rg BT 526.96 690.90 Td (ariance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 675.90 Td (Net interest income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.50 675.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 675.90 Td (745) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.50 675.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.45 675.90 Td (731) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 675.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 675.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.50 675.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 675.90 Td (699) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 675.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 675.90 Td (46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 660.90 Td (Fee and other income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 660.90 Td (246) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.45 660.90 Td (158) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 660.90 Td (88) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 660.90 Td (192) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 660.90 Td (54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 645.90 Td (Net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 645.90 Td (991) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.45 645.90 Td (889) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.45 645.90 Td (102) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 645.90 Td (891) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.45 645.90 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 630.90 Td (Fair value gains \(losses\), net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.45 630.90 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.45 630.90 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.45 630.90 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.45 630.90 Td (\(31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 630.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 630.90 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 615.90 Td (Administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 615.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 335.45 615.90 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.45 615.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 385.45 615.90 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.45 615.90 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 615.90 Td (\(104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 615.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 554.45 615.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 600.90 Td (Credit-related expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.45 600.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.45 600.90 Td (\(29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 600.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 600.90 Td (43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.45 600.90 Td (\(25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 600.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 600.90 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 585.90 Td (Other expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.45 585.90 Td (\(92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 585.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.45 585.90 Td (\(73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 585.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.45 585.90 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 585.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.45 585.90 Td (\(75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 585.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 585.90 Td (\(17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 585.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 570.90 Td (Income before federal income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 570.90 Td (804) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.45 570.90 Td (681) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.45 570.90 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 570.90 Td (656) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.45 570.90 Td (148) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 555.90 Td (Provision for federal income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 555.90 Td (\(164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 555.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.45 555.90 Td (\(120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 555.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.45 555.90 Td (\(44) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 555.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 555.90 Td (\(107) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 555.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.45 555.90 Td (\(57) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 555.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 540.90 Td (Net income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.50 540.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 540.90 Td (640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.50 540.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.45 540.90 Td (561) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 540.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 540.90 Td (79) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.50 540.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.45 540.90 Td (549) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.50 540.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.45 540.90 Td (91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 520.90 Td (Serious delinquency rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.95 520.90 Td (0.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.50 520.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.95 520.90 Td (0.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.50 520.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 520.90 Td (0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 520.90 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 499.00 Td (Financial Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 478.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 478.00 Td (Multifamily net income was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.76 478.00 Td ($640 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.13 478.00 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.14 478.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.06 478.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.96 478.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.20 478.00 Td (, compared with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.57 478.00 Td ($561 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.93 478.00 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 466.00 Td (second quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.21 466.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.11 466.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.35 466.00 Td (. ) Tj ET Q q 0 0 0 rg BT 193.73 466.00 Td (The increase in net income in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.81 466.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.73 466.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.62 466.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.87 466.00 Td ( was attributable primarily to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 454.00 Td (an increase in yield maintenance revenue driven by higher prepayment volumes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 436.00 Td (Business Highlights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 419.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 419.50 Td (The average multifamily guaranty book of business increased by nearly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.44 419.50 Td ($8 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.92 419.50 Td ( during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.95 419.50 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.87 419.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 407.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.75 407.50 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.64 407.50 Td ($326.1 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.58 407.50 Td (, while the average charged guaranty fee on the multifamily book decreased slightly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 395.50 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.28 395.50 Td (73.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.74 395.50 Td ( basis points as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.56 395.50 Td (June 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.95 395.50 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 395.50 Td (71.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.31 395.50 Td ( basis points as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.13 395.50 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.75 395.50 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 379.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 379.00 Td (On September 13, 2019, FHF) Tj ET Q q 0 0 0 rg BT 216.68 379.00 Td (A) Tj ET Q q 0 0 0 rg BT 222.80 379.00 Td ( announced a revised multifamily business volume cap structure. ) Tj ET Q q 0 0 0 rg BT 511.65 379.00 Td (The new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 367.00 Td (multifamily volume cap, which replaced the prior cap ef) Tj ET Q q 0 0 0 rg BT 328.21 367.00 Td (fective October 1, 2019, is $100 billion for the five-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 355.00 Td (quarter period ending December 31, 2020. ) Tj ET Q q 0 0 0 rg BT 276.55 355.00 Td (The new cap applies with no exclusions. In addition, FHF) Tj ET Q q 0 0 0 rg BT 528.36 355.00 Td (A) Tj ET Q q 0 0 0 rg BT 534.47 355.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 343.00 Td (directed that 37.5% of the company) Tj ET Q q 0 0 0 rg BT 244.86 343.00 Td (s multifamily business during that time period must be mission-driven, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 331.00 Td (af) Tj ET Q q 0 0 0 rg BT 93.66 331.00 Td (fordable housing, pursuant to FHF) Tj ET Q q 0 0 0 rg BT 244.86 331.00 Td (A) Tj ET Q q 0 0 0 rg BT 250.79 331.00 Td () Tj ET Q q 0 0 0 rg BT 252.83 331.00 Td (s guidelines for mission-driven loans. Previously) Tj ET Q q 0 0 0 rg BT 464.96 331.00 Td (, FHF) Tj ET Q q 0 0 0 rg BT 489.40 331.00 Td (A) Tj ET Q q 0 0 0 rg BT 495.33 331.00 Td () Tj ET Q q 0 0 0 rg BT 497.37 331.00 Td (s 2019 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 319.00 Td (conservatorship scorecard included an objective to maintain the dollar volume of new multifamily business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 307.00 Td (at or below $35 billion for the year) Tj ET Q q 0 0 0 rg BT 235.04 307.00 Td (, excluding certain targeted af) Tj ET Q q 0 0 0 rg BT 366.05 307.00 Td (fordable and underserved market business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 295.00 Td (segments such as loans financing energy or water ef) Tj ET Q q 0 0 0 rg BT 318.78 295.00 Td (ficiency improvements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 278.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 278.50 Td (The multifamily serious delinquency rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.25 278.50 Td (0.06%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.61 278.50 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.84 278.50 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.46 278.50 Td (, a decrease from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.05 278.50 Td (0.07%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.41 278.50 Td ( as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 266.50 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.62 266.50 Td (September 30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.24 266.50 Td (. Multifamily seriously delinquent loans are loans that are 60 days or more past due.) Tj ET Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I15 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I16 Do Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 728.50 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 716.41 Td (Credit Risk ) Tj ET Q q 1 1 1 rg BT 113.29 716.41 Td (T) Tj ET Q q 1 1 1 rg BT 120.18 716.41 Td (ransfer ) Tj ET Q q 1 1 1 rg BT 160.64 716.41 Td (T) Tj ET Q q 1 1 1 rg BT 167.53 716.41 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 693.00 Td (Fannie Mae continues to support the growth of the credit risk transfer market and expand the types of loans ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 681.00 Td (covered in its credit risk transfer programs. For single-family mortgages, this includes Fannie Mae) Tj ET Q q 0 0 0 rg BT 482.82 681.00 Td (s benchmark ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 669.00 Td (Connecticut ) Tj ET Q q 0 0 0 rg BT 104.53 669.00 Td (A) Tj ET Q q 0 0 0 rg BT 111.02 669.00 Td (venue Securities \(CAS\) REMIC transactions and its Credit Insurance Risk ) Tj ET Q q 0 0 0 rg BT 457.22 669.00 Td (T) Tj ET Q q 0 0 0 rg BT 462.96 669.00 Td (ransfer \(CIR) Tj ET Q q 0 0 0 rg BT 527.23 669.00 Td (T\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 657.00 Td (transactions. For multifamily mortgages, nearly 100% of the company) Tj ET Q q 0 0 0 rg BT 358.34 657.00 Td (s new multifamily business volume in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.75 657.00 Td (first ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 645.00 Td (nine months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.98 645.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.87 645.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.12 645.00 Td ( had lender risk-sharing, primarily through the company) Tj ET Q q 0 0 0 rg BT 386.72 645.00 Td (s Delegated Underwriting and Servicing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 633.00 Td (\(DUS\) program. ) Tj ET Q q 0 0 0 rg BT 130.03 633.00 Td (T) Tj ET Q q 0 0 0 rg BT 135.03 633.00 Td (o complement the company) Tj ET Q q 0 0 0 rg BT 259.92 633.00 Td (s lender loss sharing program through DUS, Fannie Mae also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 621.00 Td (transfers a portion of the mortgage credit risk on multifamily loans in its multifamily guaranty book of business to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 609.00 Td (insurers and reinsurers through multifamily CIR) Tj ET Q q 0 0 0 rg BT 258.28 609.00 Td (T) Tj ET Q q 0 0 0 rg BT 264.21 609.00 Td ( transactions. On October 30, 2019, Fannie Mae also completed its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 597.00 Td (first Multifamily Connecticut ) Tj ET Q q 0 0 0 rg BT 173.43 597.00 Td (A) Tj ET Q q 0 0 0 rg BT 179.92 597.00 Td (venue Securities \(MCAS\) transaction. ) Tj ET Q BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 198.75 570.60 Td (Single-Family Credit Risk Transfer) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 556.20 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 422.00 0 0 199.00 95.00 352.20 cm /I17 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 205.00 333.80 Td (Multifamily Credit Risk Transfer) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 244.65 319.40 Td (\(Dollars in Billions\)) Tj ET Q /GS0 gs q 422.00 0 0 199.00 95.00 115.45 cm /I18 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I19 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I20 Do Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 728.50 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 716.41 Td (T) Tj ET Q q 1 1 1 rg BT 58.38 716.41 Td (reasury Housing Reform Plan and Letter ) Tj ET Q q 1 1 1 rg BT 275.83 716.41 Td (Agreement with ) Tj ET Q q 1 1 1 rg BT 362.32 716.41 Td (T) Tj ET Q q 1 1 1 rg BT 369.21 716.41 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.50 Td (On September 5, 2019, ) Tj ET Q q 0 0 0 rg BT 156.05 694.50 Td (T) Tj ET Q q 0 0 0 rg BT 161.79 694.50 Td (reasury released a plan to reform the housing finance system. ) Tj ET Q q 0 0 0 rg BT 438.42 694.50 Td (The ) Tj ET Q q 0 0 0 rg BT 458.25 694.50 Td (T) Tj ET Q q 0 0 0 rg BT 463.99 694.50 Td (reasury Housing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 682.50 Td (Reform Plan includes nearly 50 recommended reforms to define a limited role for the federal government in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 670.50 Td (housing finance system, enhance taxpayer protections against future bailouts, and promote competition in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 658.50 Td (housing finance system. ) Tj ET Q q 0 0 0 rg BT 159.38 658.50 Td (The ) Tj ET Q q 0 0 0 rg BT 179.21 658.50 Td (T) Tj ET Q q 0 0 0 rg BT 184.94 658.50 Td (reasury Housing Reform Plan includes recommendations relating to ending Fannie ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 646.50 Td (Mae) Tj ET Q q 0 0 0 rg BT 70.99 646.50 Td (s conservatorship, amending its senior preferred stock purchase agreement with ) Tj ET Q q 0 0 0 rg BT 428.77 646.50 Td (T) Tj ET Q q 0 0 0 rg BT 434.50 646.50 Td (reasury) Tj ET Q q 0 0 0 rg BT 467.11 646.50 Td (, considering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 634.50 Td (additional restrictions and requirements on its business, and many other matters.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 618.00 Td (The ) Tj ET Q q 0 0 0 rg BT 69.33 618.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.07 618.00 Td (reasury Housing Reform Plan included a recommendation that ) Tj ET Q q 0 0 0 rg BT 353.92 618.00 Td (T) Tj ET Q q 0 0 0 rg BT 359.66 618.00 Td (reasury and FHF) Tj ET Q q 0 0 0 rg BT 434.13 618.00 Td (A) Tj ET Q q 0 0 0 rg BT 440.25 618.00 Td ( consider permitting Fannie ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 606.00 Td (Mae to retain earnings in excess of the $3 billion capital reserve in ef) Tj ET Q q 0 0 0 rg BT 352.82 606.00 Td (fect when the plan was released, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 594.00 Td (appropriate compensation to ) Tj ET Q q 0 0 0 rg BT 178.85 594.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.58 594.00 Td (reasury for any deferred or forgone dividends. On September 27, 2019, Fannie Mae, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (through FHF) Tj ET Q q 0 0 0 rg BT 105.08 582.00 Td (A) Tj ET Q q 0 0 0 rg BT 111.20 582.00 Td ( in its capacity as conservator) Tj ET Q q 0 0 0 rg BT 241.81 582.00 Td (, and ) Tj ET Q q 0 0 0 rg BT 266.65 582.00 Td (T) Tj ET Q q 0 0 0 rg BT 272.39 582.00 Td (reasury entered into a letter agreement modifying the terms of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.00 Td (the senior preferred stock held by ) Tj ET Q q 0 0 0 rg BT 200.51 570.00 Td (T) Tj ET Q q 0 0 0 rg BT 206.25 570.00 Td (reasury to permit Fannie Mae to retain up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.57 570.00 Td ($25 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.60 570.00 Td ( in capital, ef) Tj ET Q q 0 0 0 rg BT 504.56 570.00 Td (fective with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.00 Td (the third quarter 2019 dividend period. ) Tj ET Q q 0 0 0 rg BT 221.10 558.00 Td (The letter agreement also provided that, on September 30, 2019, and at the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.00 Td (end of each fiscal quarter thereafter) Tj ET Q q 0 0 0 rg BT 206.82 546.00 Td (, the liquidation preference of the senior preferred stock will increase by an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.00 Td (amount equal to the increase in Fannie Mae) Tj ET Q q 0 0 0 rg BT 246.66 534.00 Td (s net worth, if any) Tj ET Q q 0 0 0 rg BT 324.29 534.00 Td (, during the immediately prior fiscal quarter) Tj ET Q q 0 0 0 rg BT 512.71 534.00 Td (, until such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.00 Td (time as the liquidation preference has increased by $22 billion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 505.50 Td (For more information on ) Tj ET Q q 0 0 0 rg BT 158.81 505.50 Td (T) Tj ET Q q 0 0 0 rg BT 164.54 505.50 Td (reasury) Tj ET Q q 0 0 0 rg BT 199.93 505.50 Td (s Housing Reform Plan and risks associated with the plan, as well as the letter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 493.50 Td (agreement with ) Tj ET Q q 0 0 0 rg BT 120.47 493.50 Td (T) Tj ET Q q 0 0 0 rg BT 126.20 493.50 Td (reasury) Tj ET Q q 0 0 0 rg BT 158.81 493.50 Td (, see Legislation and Regulation and Risk Factors in the company) Tj ET Q q 0 0 0 rg BT 464.89 493.50 Td (s quarterly report on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 481.50 Td (Form 10-Q for the quarter ended September 30, 2019 \(Third Quarter 2019 Form 10-Q\). ) Tj ET Q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg /GS0 gs 49.00 462.00 513.00 -18.00 re f /GS0 gs BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 51.50 449.91 Td (Net W) Tj ET Q q 1 1 1 rg BT 84.62 449.91 Td (orth, ) Tj ET Q q 1 1 1 rg BT 111.75 449.91 Td (T) Tj ET Q q 1 1 1 rg BT 118.63 449.91 Td (reasury Funding, and Senior Preferred Stock Dividends) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.24 428.00 Td (reasury has made a commitment under a senior preferred stock purchase agreement to provide funding to Fannie ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.00 Td (Mae under certain circumstances if the company has a net worth deficit. Pursuant to this agreement and the senior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.00 Td (preferred stock the company issued to ) Tj ET Q q 0 0 0 rg BT 221.63 404.00 Td (T) Tj ET Q q 0 0 0 rg BT 227.37 404.00 Td (reasury in 2008, Fannie Mae has paid dividends to ) Tj ET Q q 0 0 0 rg BT 453.99 404.00 Td (T) Tj ET Q q 0 0 0 rg BT 459.73 404.00 Td (reasury on the senior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.00 Td (preferred stock on a quarterly basis for every dividend period for which dividends were payable since the company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.00 Td (entered conservatorship in 2008.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.50 Td (Under the modified dividend provisions of the senior preferred stock described above, ef) Tj ET Q q 0 0 0 rg BT 438.98 363.50 Td (fective with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.90 363.50 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.82 363.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.75 351.50 Td ( dividend period, Fannie Mae is not required to pay further dividends to ) Tj ET Q q 0 0 0 rg BT 387.31 351.50 Td (T) Tj ET Q q 0 0 0 rg BT 393.04 351.50 Td (reasury until the company has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.50 Td (accumulated over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.21 339.50 Td ($25 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.24 339.50 Td ( in net worth. ) Tj ET Q q 0 0 0 rg BT 235.72 339.50 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 286.67 339.50 Td (, no dividends were payable to ) Tj ET Q q 0 0 0 rg BT 424.35 339.50 Td (T) Tj ET Q q 0 0 0 rg BT 430.09 339.50 Td (reasury for the third quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.50 Td (2019 and none will be payable for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.51 327.50 Td (fourth quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.55 327.50 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.44 327.50 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.69 327.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.00 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.07 311.00 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.69 311.00 Td (, Fannie Mae) Tj ET Q q 0 0 0 rg BT 226.09 311.00 Td (s net worth was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.34 311.00 Td ($10.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.72 311.00 Td (. ) Tj ET Q q 0 0 0 rg BT 357.09 311.00 Td (This amount reflects Fannie Mae) Tj ET Q q 0 0 0 rg BT 504.75 311.00 Td (s net worth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.62 299.00 Td ($6.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.43 299.00 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.67 299.00 Td (June 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.06 299.00 Td (, of which the company previously expected to pay ) Tj ET Q q 0 0 0 rg BT 425.11 299.00 Td (T) Tj ET Q q 0 0 0 rg BT 430.85 299.00 Td (reasury ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.97 299.00 Td ($3.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.78 299.00 Td ( as a third-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 287.00 Td (quarter 2019 dividend, and the company) Tj ET Q q 0 0 0 rg BT 230.55 287.00 Td (s comprehensive income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.06 287.00 Td ($4.0 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.87 287.00 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.78 287.00 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.69 287.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.59 287.00 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.83 287.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.50 Td (Changes in the company) Tj ET Q q 0 0 0 rg BT 162.17 270.50 Td (s net worth can be significantly impacted by market conditions that af) Tj ET Q q 0 0 0 rg BT 466.58 270.50 Td (fect its net interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 258.50 Td (income, fluctuations in the estimated fair value of the company) Tj ET Q q 0 0 0 rg BT 327.80 258.50 Td (s derivatives and other financial instruments that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.50 Td (company marks to market through its earnings, developments that af) Tj ET Q q 0 0 0 rg BT 353.36 246.50 Td (fect the company) Tj ET Q q 0 0 0 rg BT 431.55 246.50 Td (s loss reserves such as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.50 Td (changes in interest rates, home prices or accounting standards, or events such as natural disasters, and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.50 Td (factors, as the company discusses in Risk Factors and Consolidated Results of Operations in the company) Tj ET Q q 0 0 0 rg BT 536.76 222.50 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.50 Td (annual report on Form 10-K for the year ended December 31, 2018 \(2018 Form 10-K\) and in its ) Tj ET Q q 0 0 0 rg BT 473.99 210.50 Td (Third Quarter 2019 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.50 Td (Form 10-Q.) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I21 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I22 Do Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 549.55 37.53 Td (9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 721.75 Td (The charts below show information about Fannie Mae) Tj ET Q q 0 0 0 rg BT 289.45 721.75 Td (s net worth, the remaining amount of ) Tj ET Q q 0 0 0 rg BT 454.35 721.75 Td (T) Tj ET Q q 0 0 0 rg BT 460.09 721.75 Td (reasury) Tj ET Q q 0 0 0 rg BT 495.48 721.75 Td (s funding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 709.75 Td (commitment to Fannie Mae, senior preferred stock dividends the company has paid ) Tj ET Q q 0 0 0 rg BT 421.17 709.75 Td (T) Tj ET Q q 0 0 0 rg BT 426.91 709.75 Td (reasury) Tj ET Q q 0 0 0 rg BT 459.51 709.75 Td (, and funds the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 697.75 Td (company has drawn from ) Tj ET Q q 0 0 0 rg BT 164.37 697.75 Td (T) Tj ET Q q 0 0 0 rg BT 170.11 697.75 Td (reasury pursuant to its funding commitment.) Tj ET Q /GS0 gs q 252.00 0 0 260.00 54.00 432.75 cm /I23 Do Q /GS0 gs q 252.00 0 0 260.00 306.00 432.75 cm /I24 Do Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 431.97 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 428.15 Td (Aggregate amount of dividends the company has paid to ) Tj ET Q q 0 0 0 rg BT 265.21 428.15 Td (T) Tj ET Q q 0 0 0 rg BT 269.80 428.15 Td (reasury on the senior preferred stock from 2008 through September 30, 2019. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 418.55 Td (Under the terms of the senior preferred stock purchase agreement, dividend payments the company makes to ) Tj ET Q q 0 0 0 rg BT 453.72 418.55 Td (T) Tj ET Q q 0 0 0 rg BT 458.31 418.55 Td (reasury do not of) Tj ET Q q 0 0 0 rg BT 518.20 418.55 Td (fset its ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 408.95 Td (draws of funds from ) Tj ET Q q 0 0 0 rg BT 135.33 408.95 Td (T) Tj ET Q q 0 0 0 rg BT 139.92 408.95 Td (reasury) Tj ET Q q 0 0 0 rg BT 166.00 408.95 Td (.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 400.87 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 397.05 Td (Aggregate amount of funds the company has drawn from ) Tj ET Q q 0 0 0 rg BT 266.97 397.05 Td (T) Tj ET Q q 0 0 0 rg BT 271.56 397.05 Td (reasury pursuant to the senior preferred stock purchase agreement from 2008 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.00 387.45 Td (through September 30, 2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 366.45 Td (Under the modified liquidation preference provisions of the senior preferred stock described above, the aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.45 Td (liquidation preference of the senior preferred stock increased from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.10 354.45 Td ($123.8 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.04 354.45 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.27 354.45 Td (June 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.66 354.45 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.56 354.45 Td ($127.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 342.45 Td (billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.07 342.45 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.31 342.45 Td (September 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.93 342.45 Td ( due to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.97 342.45 Td ($3.4 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.78 342.45 Td ( increase in the company) Tj ET Q q 0 0 0 rg BT 403.99 342.45 Td (s net worth during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.94 342.45 Td (second ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 330.45 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.18 330.45 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.08 330.45 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.33 330.45 Td (. ) Tj ET Q q 0 0 0 rg BT 122.70 330.45 Td (The aggregate liquidation preference of the senior preferred stock will further increase to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.25 330.45 Td ($131.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 318.45 Td (billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.07 318.45 Td ( as of December 31, 2019 due to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.18 318.45 Td ($4.0 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.99 318.45 Td ( increase in the company) Tj ET Q q 0 0 0 rg BT 401.20 318.45 Td (s net worth during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.15 318.45 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.07 318.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 306.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.62 306.45 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.86 306.45 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 289.95 Td (For a description of the terms of the senior preferred stock purchase agreement and the senior preferred stock, see ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 277.95 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.83 277.95 Td (Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.41 277.95 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.41 277.95 Td (Conservatorship, ) Tj ET Q q 0 0 0 rg BT 181.59 277.95 Td (T) Tj ET Q q 0 0 0 rg BT 187.33 277.95 Td (reasury ) Tj ET Q q 0 0 0 rg BT 222.90 277.95 Td (Agreements and Housing Finance Reform) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.67 277.95 Td ( in the company) Tj ET Q q 0 0 0 rg BT 485.63 277.95 Td (s 2018 Form 10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 265.95 Td (K and Legislation and RegulationLetter ) Tj ET Q q 0 0 0 rg BT 237.41 265.95 Td (Agreement with ) Tj ET Q q 0 0 0 rg BT 309.48 265.95 Td (T) Tj ET Q q 0 0 0 rg BT 315.22 265.95 Td (reasury in the company) Tj ET Q q 0 0 0 rg BT 424.53 265.95 Td (s ) Tj ET Q q 0 0 0 rg BT 432.13 265.95 Td (Third Quarter 2019 Form 10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 253.95 Td (Q.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.30 237.45 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 216.45 Td (Fannie Mae) Tj ET Q q 0 0 0 rg BT 104.35 216.45 Td (s financial statements for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.41 216.45 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.33 216.45 Td ( and first nine months of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.83 216.45 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.08 216.45 Td ( are available in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 204.45 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 116.21 204.45 Td (Annex; however) Tj ET Q q 0 0 0 rg BT 187.37 204.45 Td (, investors and interested parties should read the company) Tj ET Q q 0 0 0 rg BT 449.00 204.45 Td (s ) Tj ET Q q 0 0 0 rg BT 456.60 204.45 Td (Third Quarter 2019 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 192.45 Td (Form 10-Q, which was filed today with the Securities and Exchange Commission and is available on Fannie Mae) Tj ET Q q 0 0 0 rg BT 549.56 192.45 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 180.45 Td (website, ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 88.962890625 179.02421875000005 m 181.2236328125 179.02421875000005 l s q 0 0 1 rg BT 88.96 180.45 Td (www) Tj ET Q q 0 0 1 rg BT 110.08 180.45 Td (.fanniemae.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 181.22 180.45 Td (. ) Tj ET Q q 0 0 0 rg BT 186.60 180.45 Td (The company provides further discussion of its financial results and condition, credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 168.45 Td (performance, and other matters in its ) Tj ET Q q 0 0 0 rg BT 215.51 168.45 Td (Third Quarter 2019 Form 10-Q. ) Tj ET Q q 0 0 0 rg BT 356.12 168.45 Td (Additional information about the company) Tj ET Q q 0 0 0 rg BT 542.16 168.45 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 156.45 Td (financial and credit performance is contained in the Fannie Mae Quarterly Financial Supplement Q3 2019 at ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 49.5 143.02421875000005 m 141.7607421875 143.02421875000005 l s q 0 0 1 rg BT 49.50 144.45 Td (www) Tj ET Q q 0 0 1 rg BT 70.61 144.45 Td (.fanniemae.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 141.76 144.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 120.45 Td (# # #) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (In this release, the company has presented a number of estimates, forecasts, expectations, and other forward-looking statements, including ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 91.65 Td (statements regarding: the company) Tj ET Q q 0 0 0 rg BT 176.54 91.65 Td (s future dividend payments to T) Tj ET Q q 0 0 0 rg BT 287.55 91.65 Td (reasury; the future liquidation preference of the senior preferred stock; and ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 82.05 Td (the company) Tj ET Q q 0 0 0 rg BT 96.94 82.05 Td (s plans relating to and the effects of the company) Tj ET Q q 0 0 0 rg BT 272.90 82.05 Td (s credit risk transfer transactions. These estimates, forecasts, expectations, and ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (statements are forward-looking statements based on the company) Tj ET Q q 0 0 0 rg BT 285.48 72.45 Td (s current assumptions regarding numerous factors. ) Tj ET Q q 0 0 0 rg BT 467.93 72.45 Td (Actual results, and future ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 62.85 Td (projections, could be materially different from what is set forth in the forward-looking statements as a result of: the uncertainty of the company) Tj ET Q q 0 0 0 rg BT 550.49 62.85 Td (s ) Tj ET Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I25 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I26 Do Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.10 37.53 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.20 Td (future; future legislative or regulatory requirements or changes that have a significant impact on the company) Tj ET Q q 0 0 0 rg BT 436.23 723.20 Td (s business, such as the enactment ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 713.60 Td (of housing finance reform legislation \(including all or any portion of the T) Tj ET Q q 0 0 0 rg BT 304.16 713.60 Td (reasury Housing Reform Plan\), including changes that limit the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 704.00 Td (company) Tj ET Q q 0 0 0 rg BT 83.59 704.00 Td (s business activities or footprint; home price changes; interest rate and credit spread changes; macroeconomic factors such as U.S. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 694.40 Td (gross domestic product, unemployment rates, personal income, and the volume of mortgage originations; the size and the company) Tj ET Q q 0 0 0 rg BT 516.72 694.40 Td (s share of ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 684.80 Td (the U.S. mortgage market and the factors that affect them, including population growth and household formation; the company) Tj ET Q q 0 0 0 rg BT 497.17 684.80 Td (s future serious ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 675.20 Td (delinquency rates; the company) Tj ET Q q 0 0 0 rg BT 164.09 675.20 Td (s and its competitors) Tj ET Q q 0 0 0 rg BT 238.79 675.20 Td ( future guaranty fee pricing and the impact of that pricing on the company) Tj ET Q q 0 0 0 rg BT 499.69 675.20 Td (s guaranty fee ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 665.60 Td (revenues and competitive environment; credit availability; changes in borrower behavior; the effectiveness of its loss mitigation strategies; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 656.00 Td (significant changes in modification and foreclosure activity; the volume and pace of future nonperforming and reperforming loan sales and their ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 646.40 Td (impact on the company) Tj ET Q q 0 0 0 rg BT 133.84 646.40 Td (s results and serious delinquency rates; the effectiveness of its management of its real estate owned inventory and ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 636.80 Td (pursuit of contractual remedies; changes in the fair value of its assets and liabilities; the company) Tj ET Q q 0 0 0 rg BT 394.43 636.80 Td (s reliance on Common Securitization Solutions, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 627.20 Td (LLC \(CSS\) and the common securitization platform for the operation of many of its securitization activities; the stability and adequacy of the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 617.60 Td (systems and infrastructure that impact the company) Tj ET Q q 0 0 0 rg BT 234.32 617.60 Td (s operations, including the company) Tj ET Q q 0 0 0 rg BT 363.59 617.60 Td (s and those of CSS, its other counterparties and other ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 608.00 Td (third parties on which the business relies; actions by FHF) Tj ET Q q 0 0 0 rg BT 251.22 608.00 Td (A, T) Tj ET Q q 0 0 0 rg BT 265.29 608.00 Td (reasury) Tj ET Q q 0 0 0 rg BT 291.38 608.00 Td (, the Department of Housing and Urban Development, the Consumer ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 598.40 Td (Financial Protection Bureau or other regulators, or Congress, that affect the company) Tj ET Q q 0 0 0 rg BT 352.63 598.40 Td (s business, including new capital requirements that ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 588.80 Td (become applicable to the company or changes in the ability-to-repay rule to replace the qualified mortgage patch for GSE-eligible loans; the size, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 579.20 Td (composition and quality of the company) Tj ET Q q 0 0 0 rg BT 191.66 579.20 Td (s guaranty book of business and retained mortgage portfolio; the competitive landscape in which the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 569.60 Td (company operates, including the impact of legislative or other developments on levels of competition in its industry and other factors affecting its ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 560.00 Td (market share; the life of the loans in the company) Tj ET Q q 0 0 0 rg BT 225.89 560.00 Td (s guaranty book of business; the company) Tj ET Q q 0 0 0 rg BT 377.39 560.00 Td (s reliance on and future updates it makes to its ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 550.40 Td (models, including the assumptions used by these models; changes in generally accepted accounting principles; changes to the company) Tj ET Q q 0 0 0 rg BT 534.54 550.40 Td (s ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 540.80 Td (accounting policies; effects from activities the company takes to support the mortgage market and help borrowers; the company) Tj ET Q q 0 0 0 rg BT 502.03 540.80 Td (s future ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 531.20 Td (objectives and activities in support of those objectives, including actions the company may take to reach additional underserved creditworthy ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 521.60 Td (borrowers; actions the company may be required to take by FHF) Tj ET Q q 0 0 0 rg BT 277.01 521.60 Td (A, in its role as the company) Tj ET Q q 0 0 0 rg BT 379.13 521.60 Td (s conservator or as its regulator) Tj ET Q q 0 0 0 rg BT 490.74 521.60 Td (, such as changes ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 512.00 Td (in the type of business the company does; limitations on the company) Tj ET Q q 0 0 0 rg BT 297.50 512.00 Td (s business imposed by FHF) Tj ET Q q 0 0 0 rg BT 395.61 512.00 Td (A, in its role as the company) Tj ET Q q 0 0 0 rg BT 497.73 512.00 Td (s conservator or ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 502.40 Td (as its regulator; the conservatorship, including any changes to or termination \(by receivership or otherwise\) of the conservatorship and its effect ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 492.80 Td (on the company) Tj ET Q q 0 0 0 rg BT 108.06 492.80 Td (s business; the investment by T) Tj ET Q q 0 0 0 rg BT 219.52 492.80 Td (reasury) Tj ET Q q 0 0 0 rg BT 245.60 492.80 Td (, including potential changes to the terms of the senior preferred stock purchase ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 483.20 Td (agreement or senior preferred stock, and its effect on the company) Tj ET Q q 0 0 0 rg BT 287.26 483.20 Td (s business, including restrictions imposed on the company by the terms of the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 473.60 Td (senior preferred stock purchase agreement, the senior preferred stock and T) Tj ET Q q 0 0 0 rg BT 319.71 473.60 Td (reasury) Tj ET Q q 0 0 0 rg BT 348.02 473.60 Td (s warrant, as well as the possibility that these or other ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 464.00 Td (restrictions on the company) Tj ET Q q 0 0 0 rg BT 148.96 464.00 Td (s business and activities may be applied to the company through other mechanisms even if the company ceases to ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 454.40 Td (be subject to these agreements and instruments; the possibility that future changes in leadership at FHF) Tj ET Q q 0 0 0 rg BT 417.11 454.40 Td (A) Tj ET Q q 0 0 0 rg BT 422.15 454.40 Td ( or the ) Tj ET Q q 0 0 0 rg BT 446.75 454.40 Td (Administration may result in ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 444.80 Td (changes in FHF) Tj ET Q q 0 0 0 rg BT 105.38 444.80 Td (A) Tj ET Q q 0 0 0 rg BT 110.41 444.80 Td () Tj ET Q q 0 0 0 rg BT 112.05 444.80 Td (s or T) Tj ET Q q 0 0 0 rg BT 131.90 444.80 Td (reasury) Tj ET Q q 0 0 0 rg BT 160.21 444.80 Td (s willingness to pursue the administrative reform recommendations in the T) Tj ET Q q 0 0 0 rg BT 425.06 444.80 Td (reasury plan; challenges the company ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 435.20 Td (faces in retaining and hiring qualified executives and other employees; the deteriorated credit performance of many loans in the company) Tj ET Q q 0 0 0 rg BT 535.86 435.20 Td (s ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 425.60 Td (guaranty book of business; a decrease in the company) Tj ET Q q 0 0 0 rg BT 245.03 425.60 Td (s credit ratings; defaults by one or more institutional counterparties; resolution or ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 416.00 Td (settlement agreements the company may enter into with its counterparties; the impact of increasing interdependence between the single-family ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 406.40 Td (mortgage securitization programs of Fannie Mae and Freddie Mac in connection with uniform mortgage-backed securities; operational control ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 396.80 Td (weaknesses; changes in the fiscal and monetary policies of the Federal Reserve; changes in the structure and regulation of the financial services ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 387.20 Td (industry; the company) Tj ET Q q 0 0 0 rg BT 129.39 387.20 Td (s ability to access the debt markets; changes in the demand for Fannie Mae MBS; disruptions or instability in the housing ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 377.60 Td (and credit markets; uncertainties relating to the potential phasing out of LIBOR, or other market changes that could impact the loans the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 368.00 Td (company owns or guarantees or its MBS; the company) Tj ET Q q 0 0 0 rg BT 245.45 368.00 Td (s need to rely on third parties to fully achieve some of its corporate objectives; the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 358.40 Td (company) Tj ET Q q 0 0 0 rg BT 83.59 358.40 Td (s reliance on mortgage servicers; domestic and global political risks and uncertainties; natural disasters, environmental disasters, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 348.80 Td (terrorist attacks, pandemics, or other major disruptive events; cyber attacks or other information security breaches or threats; and many other ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 339.20 Td (factors, including those discussed in the Risk Factors and Forward-Looking Statements sections of and elsewhere in the company) Tj ET Q q 0 0 0 rg BT 521.58 339.20 Td (s 2018 ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 329.60 Td (Form 10-K, Third Quarter 2019 Form 10-Q, and elsewhere in this release.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 314.00 Td (Fannie Mae provides website addresses in its news releases solely for readers) Tj ET Q q 0 0 0 rg BT 329.64 314.00 Td ( information. Other content or information appearing on these ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 304.40 Td (websites is not part of this release. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 288.80 Td (Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of ) Tj ET Q q 0 0 0 rg BT 437.86 288.80 Td (Americans. W) Tj ET Q q 0 0 0 rg BT 487.50 288.80 Td (e partner with ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 279.20 Td (lenders to create housing opportunities for families across the country) Tj ET Q q 0 0 0 rg BT 295.26 279.20 Td (. W) Tj ET Q q 0 0 0 rg BT 307.11 279.20 Td (e are driving positive changes in housing finance to make the home ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 269.60 Td (buying process easier) Tj ET Q q 0 0 0 rg BT 126.88 269.60 Td (, while reducing costs and risk. T) Tj ET Q q 0 0 0 rg BT 242.19 269.60 Td (o learn more, visit ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 307.546875 268.459375 m 362.2421875 268.459375 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 307.55 269.60 Td (fanniemae.com) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 362.24 269.60 Td ( and follow us on ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 424.50390625 268.459375 m 502.4609375 268.459375 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 424.50 269.60 Td (twitter) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 445.54 269.60 Td (.com/fanniemae) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 502.46 269.60 Td (.) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I27 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I28 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.65 37.53 Td (1) Tj ET Q q 0 0.08235294117647059 0.2627450980392157 rg BT 549.51 37.53 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 282.15 719.95 Td (ANNEX) Tj ET Q BT /F5 12.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 263.80 705.55 Td (FANNIE MAE) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 252.65 693.55 Td (\(In conservatorship\)) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 163.50 681.55 Td (Condensed Consolidated Balance Sheets \(Unaudited\)) Tj ET Q BT /F5 8.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 264.05 671.95 Td (\(Dollars in millions\)) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 650.45 m 439.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 650.45 m 487.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 650.45 m 493.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 650.45 m 497.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 650.45 m 504.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 650.45 m 551.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551.5 650.45 m 557.5 650.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 628.45 m 439.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 628.45 m 487.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 628.45 m 493.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 628.45 m 504.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 628.45 m 551.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551.5 628.45 m 557.5 628.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 544.45 m 487.5 544.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 544.45 m 551.5 544.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 544.45 m 432.5 544.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 532.45 m 432.5 532.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 532.45 m 487.5 532.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 532.45 m 551.5 532.45 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 472.45000000000005 m 432.5 472.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 472.45000000000005 m 487.5 472.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 472.45000000000005 m 551.5 472.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 448.45000000000005 m 487.5 448.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 448.45000000000005 m 551.5 448.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 448.45000000000005 m 432.5 448.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 436.45000000000005 m 432.5 436.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 436.45000000000005 m 487.5 436.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 436.45000000000005 m 551.5 436.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 376.45000000000005 m 487.5 376.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 376.45000000000005 m 551.5 376.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 376.45000000000005 m 432.5 376.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 363.45000000000005 m 432.5 363.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 361.45000000000005 m 432.5 361.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 363.45000000000005 m 487.5 363.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 361.45000000000005 m 487.5 361.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 363.45000000000005 m 551.5 363.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 361.45000000000005 m 551.5 361.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 276.45000000000005 m 487.5 276.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 276.45000000000005 m 551.5 276.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 276.45000000000005 m 432.5 276.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 264.45000000000005 m 432.5 264.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 264.45000000000005 m 487.5 264.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 264.45000000000005 m 551.5 264.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 162.45000000000005 m 432.5 162.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 162.45000000000005 m 487.5 162.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 162.45000000000005 m 551.5 162.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 142.45000000000005 m 487.5 142.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 142.45000000000005 m 551.5 142.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 142.45000000000005 m 432.5 142.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 131.45000000000005 m 432.5 131.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 129.45000000000005 m 432.5 129.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 131.45000000000005 m 487.5 131.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 129.45000000000005 m 487.5 129.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 131.45000000000005 m 551.5 131.45000000000005 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 129.45000000000005 m 551.5 129.45000000000005 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.50 653.13 Td (As of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.15 640.68 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.60 632.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.95 640.68 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.10 632.68 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.95 620.13 Td (ASSETS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 608.13 Td (Cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 608.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 608.18 Td (22,592) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 608.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 608.18 Td (25,557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 596.13 Td (Restricted cash \(includes $35,496 and $17,849, respectively) Tj ET Q q 0 0 0 rg BT 269.61 596.13 Td (, related to consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 596.18 Td (41,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 596.18 Td (23,866) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 584.13 Td (Federal funds sold and securities purchased under agreements to resell or similar arrangements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 584.18 Td (23,176) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 584.18 Td (32,938) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 572.13 Td (Investments in securities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 560.13 Td (T) Tj ET Q q 0 0 0 rg BT 72.74 560.13 Td (rading, at fair value \(includes $4,304 and $3,061, respectively) Tj ET Q q 0 0 0 rg BT 290.21 560.13 Td (, pledged as collateral\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 560.18 Td (44,206) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 560.18 Td (41,867) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 548.13 Td (A) Tj ET Q q 0 0 0 rg BT 73.26 548.13 Td (vailable-for-sale, at fair value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 548.18 Td (2,690) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 548.18 Td (3,429) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 536.13 Td (T) Tj ET Q q 0 0 0 rg BT 84.44 536.13 Td (otal investments in securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 536.18 Td (46,896) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 536.18 Td (45,296) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 524.13 Td (Mortgage loans:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 512.13 Td (Loans held for sale, at lower of cost or fair value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 512.18 Td (12,289) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 512.18 Td (7,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 500.13 Td (Loans held for investment, at amortized cost:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 488.13 Td (Of Fannie Mae) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.30 488.13 Td (104,367) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.35 488.18 Td (1) Tj ET Q q 0 0 0 rg BT 523.80 488.18 Td (13,039) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 476.13 Td (Of consolidated trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 476.18 Td (3,206,856) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 476.18 Td (3,142,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 464.13 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 464.13 Td (otal loans held for investment \(includes $8,183 and $8,922, respectively) Tj ET Q q 0 0 0 rg BT 325.64 464.13 Td (, at fair value\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 464.18 Td (3,31) Tj ET Q q 0 0 0 rg BT 464.27 464.18 Td (1,223) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 464.18 Td (3,255,897) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 452.13 Td (Allowance for loan losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.55 452.13 Td (\(9,376) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.30 452.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.15 452.13 Td (\(14,203) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.30 452.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 440.13 Td (T) Tj ET Q q 0 0 0 rg BT 84.00 440.13 Td (otal loans held for investment, net of allowance) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 440.18 Td (3,301,847) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 440.18 Td (3,241,694) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 92.00 428.13 Td (T) Tj ET Q q 0 0 0 rg BT 96.00 428.13 Td (otal mortgage loans) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 428.18 Td (3,314,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 428.18 Td (3,249,395) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 416.13 Td (Deferred tax assets, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 416.18 Td (1) Tj ET Q q 0 0 0 rg BT 464.25 416.18 Td (1,994) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 416.18 Td (13,188) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 404.13 Td (Accrued interest receivable, net \(includes $8,450 and $7,928, respectively) Tj ET Q q 0 0 0 rg BT 317.34 404.13 Td (, related to consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 404.18 Td (8,923) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 404.18 Td (8,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 392.13 Td (Acquired property) Tj ET Q q 0 0 0 rg BT 118.85 392.13 Td (, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 392.18 Td (2,452) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 392.18 Td (2,584) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 380.13 Td (Other assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 380.18 Td (22,361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 380.18 Td (17,004) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 366.68 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 366.68 Td (otal assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 366.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 366.73 Td (3,494,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 366.68 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 366.73 Td (3,418,318) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.55 352.68 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 304.25 352.68 Td (AND EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 340.13 Td (Liabilities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 328.13 Td (Accrued interest payable \(includes $9,348 and $9,133, respectively) Tj ET Q q 0 0 0 rg BT 299.63 328.13 Td (, related to consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 328.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 328.18 Td (10,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 328.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 328.18 Td (10,21) Tj ET Q q 0 0 0 rg BT 543.82 328.18 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 316.13 Td (Debt:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 304.13 Td (Of Fannie Mae \(includes $6,041 and $6,826, respectively) Tj ET Q q 0 0 0 rg BT 270.49 304.13 Td (, at fair value\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.30 304.13 Td (213,522) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.35 304.18 Td (232,074) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 292.13 Td (Of consolidated trusts \(includes $22,719 and $23,753, respectively) Tj ET Q q 0 0 0 rg BT 303.85 292.13 Td (, at fair value\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 292.18 Td (3,248,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 292.18 Td (3,159,846) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 280.13 Td (Other liabilities \(includes $359 and $356, respectively) Tj ET Q q 0 0 0 rg BT 250.40 280.13 Td (, related to consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 280.18 Td (1) Tj ET Q q 0 0 0 rg BT 464.25 280.18 Td (1,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 280.18 Td (9,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 268.13 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 268.13 Td (otal liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 268.18 Td (3,484,094) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 268.18 Td (3,412,078) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 256.13 Td (Commitments and contingencies \(Note 13\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.25 256.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.25 256.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 244.13 Td (Fannie Mae stockholders) Tj ET Q q 0 0 0 rg BT 147.01 244.13 Td ( equity:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 232.13 Td (Senior preferred stock \(liquidation preference of $127,201 and $123,836, respectively\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.30 232.13 Td (120,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.35 232.18 Td (120,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 220.13 Td (Preferred stock, 700,000,000shares are authorized555,374,922shares issued and outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 220.18 Td (19,130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.80 220.18 Td (19,130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 209.13 Td (Common stock, no par value, no maximum authorization1,308,762,703 shares issued and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.00 201.13 Td (1,158,087,567 shares outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.95 202.73 Td (687) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.95 202.73 Td (687) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 190.13 Td (Accumulated deficit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.70 190.18 Td (\(123,141) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.30 190.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.70 190.18 Td (\(127,335) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.30 190.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 178.13 Td (Accumulated other comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.95 178.18 Td (230) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.95 178.18 Td (322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 166.13 Td (T) Tj ET Q q 0 0 0 rg BT 72.59 166.13 Td (reasury stock, at cost, 150,675,136shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.55 166.13 Td (\(7,400) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.30 166.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.60 166.18 Td (\(7,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.30 166.13 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 154.13 Td (T) Tj ET Q q 0 0 0 rg BT 72.00 154.13 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 133.51 154.13 Td ( equity \(See Note 1: Senior Preferred Stock Purchase ) Tj ET Q q 0 0 0 rg BT 325.17 154.13 Td (Agreement and Senior) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.00 146.13 Td (Preferred Stock for information on the related dividend obligation and liquidation preference\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.80 146.73 Td (10,342) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 146.73 Td (6,240) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 134.13 Td (T) Tj ET Q q 0 0 0 rg BT 60.00 134.13 Td (otal liabilities and equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 134.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.70 134.18 Td (3,494,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 134.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.70 134.18 Td (3,418,318) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 85.35 Td (See Notes to Condensed Consolidated Financial Statements in the ) Tj ET Q q 0 0 0 rg BT 371.31 85.35 Td (Third Quarter 2019 Form 10-Q) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I29 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I30 Do Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.10 37.53 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 263.80 719.95 Td (FANNIE MAE) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 252.65 707.95 Td (\(In conservatorship\)) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 63.35 695.95 Td (Condensed Consolidated Statements of Operations and Comprehensive Income \(Unaudited\)) Tj ET Q BT /F5 8.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 208.80 686.35 Td (\(Dollars in millions, except per share amounts\)) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 656.85 m 377.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 656.85 m 412.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 656.85 m 416.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 656.85 m 420.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 656.85 m 424.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 656.85 m 459.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 656.85 m 463.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 656.85 m 471.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 656.85 m 506.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 656.85 m 510.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 656.85 m 514.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 656.85 m 518.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 656.85 m 553.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 656.85 m 557.5 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 645.85 m 377.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 645.85 m 412.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 645.85 m 416.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 645.85 m 424.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 645.85 m 459.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 645.85 m 463.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 645.85 m 471.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 645.85 m 506.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 645.85 m 510.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 645.85 m 518.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 645.85 m 553.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 645.85 m 557.5 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 557.85 m 412.5 557.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 557.85 m 459.5 557.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 557.85 m 506.5 557.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 557.85 m 553.5 557.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 557.85 m 373.5 557.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 546.85 m 373.5 546.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 546.85 m 412.5 546.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 546.85 m 459.5 546.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 546.85 m 506.5 546.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 546.85 m 553.5 546.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 497.85 m 412.5 497.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 497.85 m 459.5 497.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 497.85 m 506.5 497.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 497.85 m 553.5 497.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 497.85 m 373.5 497.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 486.85 m 373.5 486.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 486.85 m 412.5 486.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 486.85 m 459.5 486.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 486.85 m 506.5 486.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 486.85 m 553.5 486.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 464.85 m 412.5 464.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 464.85 m 459.5 464.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 464.85 m 506.5 464.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 464.85 m 553.5 464.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 464.85 m 373.5 464.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 453.85 m 373.5 453.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 453.85 m 412.5 453.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 453.85 m 459.5 453.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 453.85 m 506.5 453.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 453.85 m 553.5 453.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 420.85 m 412.5 420.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 420.85 m 459.5 420.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 420.85 m 506.5 420.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 420.85 m 553.5 420.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 420.85 m 373.5 420.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 409.85 m 373.5 409.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 409.85 m 412.5 409.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 409.85 m 459.5 409.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 409.85 m 506.5 409.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 409.85 m 553.5 409.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 366.85 m 373.5 366.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 366.85 m 412.5 366.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 366.85 m 459.5 366.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 366.85 m 506.5 366.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 366.85 m 553.5 366.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 322.85 m 373.5 322.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 322.85 m 412.5 322.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 322.85 m 459.5 322.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 322.85 m 506.5 322.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 322.85 m 553.5 322.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 311.85 m 373.5 311.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 311.85 m 412.5 311.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 311.85 m 459.5 311.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 311.85 m 506.5 311.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 311.85 m 553.5 311.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 289.85 m 373.5 289.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 289.85 m 412.5 289.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 289.85 m 459.5 289.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 289.85 m 506.5 289.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 289.85 m 553.5 289.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 237.85000000000002 m 412.5 237.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 237.85000000000002 m 459.5 237.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 237.85000000000002 m 506.5 237.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 237.85000000000002 m 553.5 237.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 237.85000000000002 m 373.5 237.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 226.85000000000002 m 373.5 226.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 226.85000000000002 m 412.5 226.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 226.85000000000002 m 459.5 226.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 226.85000000000002 m 506.5 226.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 226.85000000000002 m 553.5 226.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 216.85000000000002 m 373.5 216.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 214.85000000000002 m 373.5 214.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 216.85000000000002 m 412.5 216.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 214.85000000000002 m 412.5 214.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 216.85000000000002 m 459.5 216.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 214.85000000000002 m 459.5 214.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 216.85000000000002 m 506.5 216.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 214.85000000000002 m 506.5 214.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 216.85000000000002 m 553.5 216.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 214.85000000000002 m 553.5 214.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 193.85000000000002 m 373.5 193.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 183.85000000000002 m 373.5 183.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 181.85000000000002 m 373.5 181.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 193.85000000000002 m 412.5 193.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 183.85000000000002 m 412.5 183.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 181.85000000000002 m 412.5 181.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 193.85000000000002 m 459.5 193.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 183.85000000000002 m 459.5 183.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 181.85000000000002 m 459.5 181.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 193.85000000000002 m 506.5 193.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 183.85000000000002 m 506.5 183.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 181.85000000000002 m 506.5 181.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 193.85000000000002 m 553.5 193.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 183.85000000000002 m 553.5 183.85000000000002 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 181.85000000000002 m 553.5 181.85000000000002 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 378.10 667.53 Td (For the Three Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.30 659.53 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.30 667.53 Td (For the Nine Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 659.53 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.60 648.53 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.60 648.53 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.60 648.53 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.60 648.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 637.58 Td (Interest income:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 627.53 Td (T) Tj ET Q q 0 0 0 rg BT 66.74 627.53 Td (rading securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 627.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 627.53 Td (418) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 627.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 627.53 Td (363) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 627.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 627.53 Td (1,277) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 627.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 627.53 Td (917) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 616.53 Td (A) Tj ET Q q 0 0 0 rg BT 67.26 616.53 Td (vailable-for-sale securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.05 616.53 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.05 616.53 Td (54) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 616.53 Td (138) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 616.53 Td (175) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 605.53 Td (Mortgage loans \(includes $27,610 and $27,058, respectively) Tj ET Q q 0 0 0 rg BT 275.62 605.53 Td (, for the three months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 597.53 Td (ended and $84,157 and $79,877, respectively) Tj ET Q q 0 0 0 rg BT 233.05 597.53 Td (, for the nine months ended related to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 589.53 Td (consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.50 591.08 Td (28,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.50 591.08 Td (28,723) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 591.08 Td (88,005) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 591.08 Td (85,064) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 578.53 Td (Federal funds sold and securities purchased under agreements to resell or similar) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 570.58 Td (arrangements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 573.08 Td (178) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 573.08 Td (166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 573.08 Td (698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 573.08 Td (457) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 560.53 Td (Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.05 560.53 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.05 560.53 Td (38) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 560.53 Td (120) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 560.53 Td (102) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 549.53 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 549.53 Td (otal interest income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.50 549.53 Td (29,541) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.50 549.53 Td (29,344) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 549.53 Td (90,238) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 549.53 Td (86,715) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 538.53 Td (Interest expense:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 527.53 Td (Short-term debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 527.53 Td (\(125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 527.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 527.53 Td (\(1) Tj ET Q q 0 0 0 rg BT 447.06 527.53 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 527.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.95 527.53 Td (\(369) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 527.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 527.53 Td (\(331) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 527.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 516.53 Td (Long-term debt \(includes $22,775 and $22,361, respectively) Tj ET Q q 0 0 0 rg BT 274.73 516.53 Td (, for the three months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 508.53 Td (ended and $70,371 and $65,972, respectively) Tj ET Q q 0 0 0 rg BT 233.05 508.53 Td (, for the nine months ended related to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 500.53 Td (consolidated trusts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.80 502.08 Td (\(24,187) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 502.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 502.08 Td (\(23,861) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 502.08 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 502.08 Td (\(74,757) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 502.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.85 502.08 Td (\(70,406) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 502.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 489.53 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 489.53 Td (otal interest expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.80 489.53 Td (\(24,312) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 489.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 489.53 Td (\(23,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 489.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 489.53 Td (\(75,126) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 489.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.85 489.53 Td (\(70,737) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 489.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 478.53 Td (Net interest income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 478.53 Td (5,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 478.53 Td (5,369) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 478.53 Td (15,1) Tj ET Q q 0 0 0 rg BT 494.07 478.53 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 478.53 Td (15,978) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 467.53 Td (Benefit for credit losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 467.53 Td (1,857) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 467.53 Td (716) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 467.53 Td (3,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 467.53 Td (2,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 456.53 Td (Net interest income after benefit for credit losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 456.53 Td (7,086) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 456.53 Td (6,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 456.53 Td (18,844) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 456.53 Td (18,207) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 445.53 Td (Investment gains, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 445.53 Td (253) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 445.53 Td (166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 445.53 Td (847) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 445.53 Td (693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 434.53 Td (Fair value gains \(losses\), net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 434.53 Td (\(713) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 434.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 434.53 Td (386) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 434.53 Td (\(2,298) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 434.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 434.53 Td (1,660) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 423.53 Td (Fee and other income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 423.53 Td (402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 423.53 Td (271) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 423.53 Td (875) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.65 423.53 Td (830) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 412.53 Td (Non-interest income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.40 412.53 Td (\(58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 412.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.65 412.53 Td (823) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.95 412.53 Td (\(576) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 412.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 412.53 Td (3,183) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 401.53 Td (Administrative expenses:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 390.58 Td (Salaries and employee benefits) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 390.58 Td (\(361) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 390.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 390.58 Td (\(355) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 390.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 390.58 Td (\(1,123) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 390.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 390.58 Td (\(1,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 390.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 380.53 Td (Professional services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 380.53 Td (\(241) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 380.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 380.53 Td (\(247) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 380.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.95 380.53 Td (\(699) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 380.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 380.53 Td (\(744) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 380.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 369.53 Td (Other administrative expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 369.53 Td (\(147) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 369.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 369.53 Td (\(138) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 369.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.95 369.53 Td (\(415) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 369.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 369.53 Td (\(400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 369.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 358.53 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 358.53 Td (otal administrative expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 358.53 Td (\(749) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 358.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 358.53 Td (\(740) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 358.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 358.53 Td (\(2,237) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 358.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 358.53 Td (\(2,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 358.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 347.53 Td (Foreclosed property expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.40 347.53 Td (\(96) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 347.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 347.53 Td (\(159) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 347.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.95 347.53 Td (\(364) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 347.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 347.53 Td (\(460) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 347.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 336.53 Td (T) Tj ET Q q 0 0 0 rg BT 60.44 336.53 Td (emporary Payroll ) Tj ET Q q 0 0 0 rg BT 122.62 336.53 Td (T) Tj ET Q q 0 0 0 rg BT 126.99 336.53 Td (ax Cut Continuation ) Tj ET Q q 0 0 0 rg BT 198.81 336.53 Td (Act of 201) Tj ET Q q 0 0 0 rg BT 234.32 336.53 Td (1 \(TCCA\) fees) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 336.53 Td (\(613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 336.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 336.53 Td (\(576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 336.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 336.53 Td (\(1,806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 336.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 336.53 Td (\(1,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 336.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 325.53 Td (Other expenses, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.95 325.53 Td (\(571) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 325.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.95 325.53 Td (\(377) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 325.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 325.53 Td (\(1,514) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 325.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 325.53 Td (\(946) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 325.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 314.53 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 314.53 Td (otal expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.30 314.53 Td (\(2,029) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 314.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 314.53 Td (\(1,852) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 314.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 314.53 Td (\(5,921) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 314.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 314.53 Td (\(5,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 314.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 303.53 Td (Income before federal income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 303.53 Td (4,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 303.53 Td (5,056) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 303.53 Td (12,347) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 303.53 Td (16,041) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 292.53 Td (Provision for federal income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.30 292.53 Td (\(1,036) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 292.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 292.53 Td (\(1,045) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 292.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 292.53 Td (\(2,552) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 292.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 292.53 Td (\(3,312) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 292.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 281.53 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 281.53 Td (3,963) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 281.53 Td (4,01) Tj ET Q q 0 0 0 rg BT 451.52 281.53 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 281.53 Td (9,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 281.53 Td (12,729) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 270.53 Td (Other comprehensive income \(loss\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 259.53 Td (Changes in unrealized gains on available-for-sale securities, net of reclassification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 251.53 Td (adjustments and taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.05 253.08 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.40 253.08 Td (\(33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 253.08 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 253.08 Td (\(85) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 253.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 253.08 Td (\(349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 253.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.00 240.53 Td (Other) Tj ET Q q 0 0 0 rg BT 81.57 240.53 Td (, net of taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.80 240.53 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 240.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.80 240.53 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 240.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.85 240.53 Td (\(7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 240.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.85 240.53 Td (\(8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 240.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 229.53 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 229.53 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.05 229.53 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.40 229.53 Td (\(36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 229.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 229.53 Td (\(92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 229.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 229.53 Td (\(357) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 229.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 218.53 Td (T) Tj ET Q q 0 0 0 rg BT 60.44 218.53 Td (otal comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 218.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 218.53 Td (3,977) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 218.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 218.53 Td (3,975) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 218.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 218.53 Td (9,703) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 218.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 218.53 Td (12,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 207.53 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 207.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 207.53 Td (3,963) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 207.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 207.53 Td (4,01) Tj ET Q q 0 0 0 rg BT 451.52 207.53 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 207.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 207.53 Td (9,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 207.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 207.53 Td (12,729) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 196.53 Td (Dividends distributed or amounts attributable to senior preferred stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.30 196.53 Td (\(3,977) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 196.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 196.53 Td (\(3,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 196.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 196.53 Td (\(9,703) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 196.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 196.53 Td (\(9,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.00 196.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 185.53 Td (Net income \(loss\) attributable to common stockholders) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 185.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.40 185.53 Td (\(14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 185.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 185.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.05 185.53 Td (36) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 185.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.10 185.53 Td (92) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 185.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 185.53 Td (3,357) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 174.53 Td (Earnings per share:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 163.58 Td (Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 163.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.40 163.58 Td (0.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 163.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.40 163.58 Td (0.01) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 163.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.40 163.58 Td (0.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 163.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.40 163.58 Td (0.58) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 153.58 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.40 153.58 Td (0.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.40 153.58 Td (0.01) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.40 153.58 Td (0.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.40 153.58 Td (0.57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 143.53 Td (W) Tj ET Q q 0 0 0 rg BT 63.41 143.53 Td (eighted-average common shares outstanding:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 132.53 Td (Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 132.53 Td (5,762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 132.53 Td (5,762) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 132.53 Td (5,762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 132.53 Td (5,762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 121.58 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.95 121.58 Td (5,762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.95 121.58 Td (5,893) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.95 121.58 Td (5,893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 121.58 Td (5,893) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 78.35 Td (See Notes to Condensed Consolidated Financial Statements in the ) Tj ET Q q 0 0 0 rg BT 371.31 78.35 Td (Third Quarter 2019 Form 10-Q) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I31 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I32 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.10 37.53 Td (13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 263.80 719.95 Td (FANNIE MAE) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 252.65 707.95 Td (\(In conservatorship\)) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 136.50 695.95 Td (Condensed Consolidated Statements of Cash Flows \(Unaudited\)) Tj ET Q BT /F5 8.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 264.05 686.35 Td (\(Dollars in millions\)) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 656.85 m 460 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 656.85 m 499 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 656.85 m 503 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 656.85 m 507 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 656.85 m 511 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 656.85 m 550 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 656.85 m 554 656.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 645.85 m 460 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 645.85 m 499 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 645.85 m 503 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 645.85 m 511 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 645.85 m 550 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 645.85 m 554 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 645.85 m 499 645.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 469.85 m 499 469.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 469.85 m 550 469.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 469.85 m 456 469.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 457.85 m 456 457.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 457.85 m 499 457.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 457.85 m 550 457.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 361.85 m 499 361.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 361.85 m 550 361.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 361.85 m 456 361.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 349.85 m 456 349.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 349.85 m 499 349.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 349.85 m 550 349.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 325.85 m 499 325.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 325.85 m 550 325.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 325.85 m 456 325.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 314.85 m 456 314.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 312.85 m 456 312.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 314.85 m 499 314.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 312.85 m 499 312.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 314.85 m 550 314.85 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 312.85 m 550 312.85 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 465.80 667.53 Td (For the Nine Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.80 659.53 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.10 648.53 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.10 648.53 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 637.53 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.50 637.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 637.53 Td (3,176) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 637.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 637.53 Td (\(1,796) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 637.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 625.53 Td (Cash flows provided by investing activities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 613.53 Td (Proceeds from maturities and paydowns of trading securities held for investment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.90 613.53 Td (46) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.45 613.53 Td (163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 601.53 Td (Proceeds from sales of trading securities held for investment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.90 601.53 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.90 601.53 Td (96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 589.53 Td (Proceeds from maturities and paydowns of available-for-sale securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 589.53 Td (364) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.45 589.53 Td (564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 577.53 Td (Proceeds from sales of available-for-sale securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 577.53 Td (376) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.45 577.53 Td (729) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 565.53 Td (Purchases of loans held for investment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.20 565.53 Td (\(181,898) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 565.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 565.53 Td (\(135,913) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 565.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 553.53 Td (Proceeds from repayments of loans acquired as held for investment of Fannie Mae) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 553.53 Td (9,338) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.30 553.53 Td (1) Tj ET Q q 0 0 0 rg BT 526.75 553.53 Td (1,651) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 541.53 Td (Proceeds from sales of loans acquired as held for investment of Fannie Mae) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 541.53 Td (8,987) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.30 541.53 Td (10,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 529.53 Td (Proceeds from repayments and sales of loans acquired as held for investment of consolidated trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.85 529.53 Td (377,789) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 529.53 Td (306,374) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 517.53 Td (Advances to lenders) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.65 517.53 Td (\(95,636) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 517.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.65 517.53 Td (\(83,643) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 517.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 505.53 Td (Proceeds from disposition of acquired property and preforeclosure sales) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 505.53 Td (5,644) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 505.53 Td (7,090) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 493.53 Td (Net change in federal funds sold and securities purchased under agreements to resell or similar) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.50 485.53 Td (arrangements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 486.08 Td (9,762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 486.08 Td (\(7,128) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 486.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 473.53 Td (Other) Tj ET Q q 0 0 0 rg BT 84.29 473.53 Td (, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.20 473.53 Td (\(74) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 473.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.20 473.53 Td (\(56) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 473.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 461.53 Td (Net cash provided by investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.85 461.53 Td (134,747) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 461.53 Td (1) Tj ET Q q 0 0 0 rg BT 522.30 461.53 Td (10,564) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 449.53 Td (Cash flows used in financing activities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 437.53 Td (Proceeds from issuance of debt of Fannie Mae) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.85 437.53 Td (587,659) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 437.53 Td (636,466) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 425.53 Td (Payments to redeem debt of Fannie Mae) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.20 425.53 Td (\(606,665) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 425.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 425.53 Td (\(666,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 425.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 413.53 Td (Proceeds from issuance of debt of consolidated trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.85 413.53 Td (286,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 413.53 Td (278,357) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 401.53 Td (Payments to redeem debt of consolidated trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.20 401.53 Td (\(385,496) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 401.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 401.53 Td (\(364,942) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 401.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 389.53 Td (Payments of cash dividends on senior preferred stock to ) Tj ET Q q 0 0 0 rg BT 265.87 389.53 Td (T) Tj ET Q q 0 0 0 rg BT 270.53 389.53 Td (reasury) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.10 389.53 Td (\(5,601) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 389.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 389.53 Td (\(5,397) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 389.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 377.53 Td (Proceeds from senior preferred stock purchase agreement with ) Tj ET Q q 0 0 0 rg BT 290.31 377.53 Td (T) Tj ET Q q 0 0 0 rg BT 294.98 377.53 Td (reasury) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.75 377.53 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 377.53 Td (3,687) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 365.53 Td (Other) Tj ET Q q 0 0 0 rg BT 84.29 365.53 Td (, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 365.53 Td (1,129) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.45 365.53 Td (720) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 353.53 Td (Net cash used in financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.20 353.53 Td (\(122,848) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.80 353.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 353.53 Td (\(1) Tj ET Q q 0 0 0 rg BT 522.31 353.53 Td (17,997) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 353.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 341.53 Td (Net increase \(decrease\) in cash, cash equivalents and restricted cash) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.30 341.53 Td (15,075) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 341.53 Td (\(9,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 341.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 329.53 Td (Cash, cash equivalents and restricted cash at beginning of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.30 329.53 Td (49,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.30 329.53 Td (60,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 317.53 Td (Cash, cash equivalents and restricted cash at end of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.50 317.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.30 317.53 Td (64,498) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 317.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.30 317.53 Td (51,031) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 297.08 Td (Cash paid during the period for:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 284.53 Td (Interest) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.50 284.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.30 284.53 Td (86,699) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 284.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.30 284.53 Td (82,010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 272.53 Td (Income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.75 272.53 Td (1,250) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.45 272.53 Td (460) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 228.55 Td (See Notes to Condensed Consolidated Financial Statements in the ) Tj ET Q q 0 0 0 rg BT 371.31 228.55 Td (Third Quarter 2019 Form 10-Q) Tj ET Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I33 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I34 Do Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.10 37.53 Td (14) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 263.80 719.95 Td (FANNIE MAE) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 252.65 707.95 Td (\(In conservatorship\)) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 96.25 697.95 Td (Condensed Consolidated Statements of Changes in Equity \(Deficit\) \(Unaudited\)) Tj ET Q BT /F5 8.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 240.65 688.35 Td (\(Dollars and shares in millions) Tj ET Q BT /F5 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.72 688.35 Td (\)) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 656.25 m 225.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 644.25 m 225.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 656.25 m 229.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 656.25 m 259.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 644.25 m 259.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 656.25 m 263.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 656.25 m 292.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 644.25 m 292.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 656.25 m 296.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 656.25 m 329.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 656.25 m 333.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 656.25 m 363.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 656.25 m 367.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 656.25 m 399.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 656.25 m 403.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 656.25 m 442.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 656.25 m 446.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 656.25 m 492.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 656.25 m 496.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 656.25 m 525.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 656.25 m 529.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 656.25 m 557.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 644.25 m 229.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 644.25 m 263.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 627.25 m 225.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 627.25 m 259.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 627.25 m 292.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 627.25 m 329.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 627.25 m 363.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 627.25 m 399.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 627.25 m 442.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 627.25 m 492.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.25 m 525.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 627.25 m 557.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 519.25 m 557.5 519.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 507.25 m 190.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 494.25 m 190.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 492.25 m 190.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 507.25 m 225.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 494.25 m 225.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 492.25 m 225.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 507.25 m 259.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 494.25 m 259.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 492.25 m 259.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 507.25 m 292.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 494.25 m 292.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 492.25 m 292.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 507.25 m 329.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 494.25 m 329.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 492.25 m 329.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 507.25 m 363.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 494.25 m 363.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 492.25 m 363.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 507.25 m 399.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 494.25 m 399.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 492.25 m 399.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 507.25 m 442.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 494.25 m 442.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 492.25 m 442.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 507.25 m 492.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 494.25 m 492.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 492.25 m 492.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 507.25 m 525.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 494.25 m 525.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 492.25 m 525.5 492.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 507.25 m 557.5 507.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 494.25 m 557.5 494.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 492.25 m 557.5 492.25 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 306.80 660.65 Td (Fannie Mae Stockholders) Tj ET Q q 0 0 0 rg BT 392.77 660.65 Td ( Equity \(Deficit\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 214.45 648.03 Td (Shares Outstanding) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 304.40 641.26 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 300.90 636.06 Td (Preferred ) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 305.40 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 336.40 636.06 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 340.90 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 371.70 636.06 Td (Common) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 375.90 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.15 636.06 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 414.55 630.86 Td (Deficit) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 452.65 646.46 Td (Accumulated ) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 462.05 641.26 Td (Other) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 449.45 636.06 Td (Comprehensive) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 459.85 630.86 Td (Income) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.65 636.06 Td (T) Tj ET Q q 0 0 0 rg BT 502.54 636.06 Td (reasury) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 536.95 636.06 Td (T) Tj ET Q q 0 0 0 rg BT 539.74 636.06 Td (otal) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 535.05 630.86 Td (Equity) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 201.40 636.06 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 197.90 630.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 232.40 630.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 266.20 630.86 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 617.03 Td (Balance as of June 30, 2019) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 617.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 617.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 617.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 617.03 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 617.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 617.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 617.03 Td (\(127,104) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 617.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 617.03 Td (216) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 617.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 617.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 617.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 617.03 Td (6,365) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 605.03 Td (Senior preferred stock dividends paid) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.00 605.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 593.03 Td (Comprehensive income:) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 581.03 Td (Net income) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 424.95 581.03 Td (3,963) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 581.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 581.03 Td (3,963) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 569.03 Td (Other comprehensive income, net of tax ef) Tj ET Q q 0 0 0 rg BT 167.00 569.03 Td (fect:) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 558.03 Td (Changes in net unrealized gains on available-) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 69.00 552.03 Td (for-sale securities \(net of taxes of $2\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 483.30 552.03 Td (10) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 552.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 548.30 552.03 Td (10) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 541.03 Td (Reclassification adjustment for gains included) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 69.00 535.03 Td (in net income \(net of taxes of $1\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 486.65 535.03 Td (6) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 535.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 551.65 535.03 Td (6) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 523.03 Td (Other \(net of taxes of $1\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.65 523.03 Td (\(2) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 523.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 523.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 523.03 Td (\(2) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 523.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 511.03 Td (T) Tj ET Q q 0 0 0 rg BT 57.00 511.03 Td (otal comprehensive income) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 511.03 Td (3,977) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 497.03 Td (Balance as of September 30, 2019) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 497.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 497.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 497.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 497.03 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 497.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 497.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 497.03 Td (\(123,141) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 497.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 497.03 Td (230) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 497.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 497.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 497.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 536.60 497.03 Td (10,342) Tj ET Q BT /F1 10.00 Tf ET 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 450.65 m 225.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 435.65 m 225.5 435.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 450.65 m 229.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 450.65 m 259.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 435.65 m 259.5 435.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 450.65 m 263.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 450.65 m 292.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 435.65 m 292.5 435.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 450.65 m 296.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 450.65 m 329.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 450.65 m 333.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 450.65 m 363.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 450.65 m 367.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 450.65 m 399.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 450.65 m 403.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 450.65 m 442.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 450.65 m 446.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 450.65 m 492.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 450.65 m 496.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 450.65 m 525.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 450.65 m 529.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 450.65 m 557.5 450.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 435.65 m 229.5 435.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 435.65 m 263.5 435.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 414.65 m 225.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 414.65 m 259.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 414.65 m 292.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 414.65 m 329.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 414.65 m 363.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 414.65 m 399.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 414.65 m 442.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 414.65 m 492.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 414.65 m 525.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 414.65 m 557.5 414.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 306.65 m 557.5 306.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 306.65 m 557.5 306.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 294.65 m 190.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 281.65 m 190.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 279.65 m 190.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 294.65 m 225.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 281.65 m 225.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 279.65 m 225.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 294.65 m 259.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 281.65 m 259.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 279.65 m 259.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 294.65 m 292.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 281.65 m 292.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 279.65 m 292.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 294.65 m 329.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 281.65 m 329.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 279.65 m 329.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 294.65 m 363.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 281.65 m 363.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 279.65 m 363.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 294.65 m 399.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 281.65 m 399.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 279.65 m 399.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 294.65 m 442.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 281.65 m 442.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 279.65 m 442.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 294.65 m 492.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 281.65 m 492.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 279.65 m 492.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 294.65 m 525.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 281.65 m 525.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 279.65 m 525.5 279.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 294.65 m 557.5 294.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 281.65 m 557.5 281.65 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 279.65 m 557.5 279.65 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 306.80 454.05 Td (Fannie Mae Stockholders) Tj ET Q q 0 0 0 rg BT 392.77 454.05 Td ( Equity \(Deficit\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 214.45 439.43 Td (Shares Outstanding) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 304.40 428.66 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 300.90 423.46 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 305.40 418.26 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 336.40 423.46 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 340.90 418.26 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 371.70 423.46 Td (Common) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 375.90 418.26 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 422.50 428.66 Td () Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.15 423.46 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 414.55 418.26 Td (Deficit) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 452.65 433.86 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 462.05 428.66 Td (Other) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 449.45 423.46 Td (Comprehensive) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 459.85 418.26 Td (Income) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.65 423.46 Td (T) Tj ET Q q 0 0 0 rg BT 502.68 423.46 Td (reasury) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 418.26 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 536.95 423.46 Td (T) Tj ET Q q 0 0 0 rg BT 539.93 423.46 Td (otal) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 535.05 418.26 Td (Equity) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 201.40 423.46 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 197.90 418.26 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 232.40 418.26 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 266.20 418.26 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 404.43 Td (Balance as of December 31, 2018) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 404.43 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 404.43 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 404.43 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 404.43 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 404.43 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 404.43 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 404.43 Td (\(127,335) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 404.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 404.43 Td (322) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 404.43 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 404.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 404.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 404.43 Td (6,240) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 392.43 Td (Senior preferred stock dividends paid) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 422.95 392.43 Td (\(5,601) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 392.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 392.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 537.95 392.43 Td (\(5,601) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 392.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 380.43 Td (Comprehensive income:) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 368.43 Td (Net income) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 424.95 368.43 Td (9,795) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 368.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 368.43 Td (9,795) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 356.43 Td (Other comprehensive income, net of tax ef) Tj ET Q q 0 0 0 rg BT 167.00 356.43 Td (fect:) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 345.43 Td (Changes in net unrealized gains on available-) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 69.00 339.43 Td (for-sale securities \(net of taxes of $7\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 483.30 339.43 Td (27) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 339.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 548.30 339.43 Td (27) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 328.43 Td (Reclassification adjustment for gains included) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 69.00 322.43 Td (in net income \(net of taxes of $30\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 477.95 322.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 483.28 322.43 Td (12) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 322.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 322.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 542.95 322.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 548.28 322.43 Td (12) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 322.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 60.00 310.43 Td (Other \(net of taxes of $2\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 217.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.65 310.43 Td (\(7) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 310.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 310.43 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 310.43 Td (\(7) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 310.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 54.00 298.43 Td (T) Tj ET Q q 0 0 0 rg BT 57.00 298.43 Td (otal comprehensive income) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 298.43 Td (9,703) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 284.43 Td (Balance as of September 30, 2019) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 284.43 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 284.43 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 284.43 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 284.43 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 284.43 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 284.43 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 284.43 Td (\(123,141) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 284.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 284.43 Td (230) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 284.43 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 284.43 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 284.43 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 536.60 284.43 Td (10,342) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 239.15 Td (See Notes to Condensed Consolidated Financial Statements in the ) Tj ET Q q 0 0 0 rg BT 371.31 239.15 Td (Third Quarter 2019 Form 10-Q) Tj ET Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I35 Do Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I36 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.08235294117647059 0.2627450980392157 rg BT 56.00 37.53 Td (Third Quarter 2019 Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0.08235294117647059 0.2627450980392157 rg BT 545.10 37.53 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 263.80 719.95 Td (FANNIE MAE) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 252.65 707.95 Td (\(In conservatorship\)) Tj ET Q BT /F5 10.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 96.25 697.95 Td (Condensed Consolidated Statements of Changes in Equity \(Deficit\) \(Unaudited\)) Tj ET Q BT /F5 8.00 Tf ET q 0.0196078431372549 0.19215686274509805 0.30196078431372547 rg BT 240.65 688.35 Td (\(Dollars and shares in millions) Tj ET Q BT /F5 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.72 688.35 Td (\)) Tj ET Q 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 656.25 m 225.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 644.25 m 225.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 656.25 m 229.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 644.25 m 229.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 656.25 m 259.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 644.25 m 259.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 656.25 m 263.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 644.25 m 263.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 656.25 m 292.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 644.25 m 292.5 644.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 656.25 m 296.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 656.25 m 329.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 656.25 m 333.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 656.25 m 363.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 656.25 m 367.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 656.25 m 399.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 656.25 m 403.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 656.25 m 442.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 656.25 m 446.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 656.25 m 492.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 656.25 m 496.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 656.25 m 525.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 656.25 m 529.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 656.25 m 557.5 656.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 627.25 m 225.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 627.25 m 259.5 627.25 l s 0.23921568627450981 0.403921568627451 0.00784313725490196 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 627.25 m 292.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 627.25 m 329.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 627.25 m 363.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 627.25 m 399.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 627.25 m 442.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 627.25 m 492.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.25 m 525.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 627.25 m 557.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 627.25 m 225.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 627.25 m 259.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 627.25 m 329.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 627.25 m 363.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 627.25 m 399.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 627.25 m 442.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 627.25 m 492.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.25 m 525.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 627.25 m 557.5 627.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 509.25 m 557.5 509.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 466.25 m 190.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 466.25 m 225.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 466.25 m 259.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 466.25 m 292.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 466.25 m 329.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 466.25 m 363.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 466.25 m 399.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 466.25 m 442.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 466.25 m 492.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 466.25 m 525.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 466.25 m 557.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 466.25 m 190.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 456.25 m 190.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 454.25 m 190.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 466.25 m 225.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 456.25 m 225.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 454.25 m 225.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 466.25 m 259.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 456.25 m 259.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 454.25 m 259.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 466.25 m 292.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 456.25 m 292.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 454.25 m 292.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 466.25 m 329.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 456.25 m 329.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 454.25 m 329.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 466.25 m 363.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 456.25 m 363.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 454.25 m 363.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 466.25 m 399.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 456.25 m 399.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 454.25 m 399.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 466.25 m 442.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 456.25 m 442.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 454.25 m 442.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 466.25 m 492.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 456.25 m 492.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 454.25 m 492.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 466.25 m 525.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 456.25 m 525.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 454.25 m 525.5 454.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 466.25 m 557.5 466.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 456.25 m 557.5 456.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 454.25 m 557.5 454.25 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 306.80 660.65 Td (Fannie Mae Stockholders) Tj ET Q q 0 0 0 rg BT 392.77 660.65 Td ( Equity \(Deficit\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 214.45 648.03 Td (Shares Outstanding) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 304.40 641.26 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 300.90 636.06 Td (Preferred ) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 305.40 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 336.40 636.06 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 340.90 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 371.70 636.06 Td (Common) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 375.90 630.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.15 636.06 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 414.55 630.86 Td (Deficit) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 452.65 646.46 Td (Accumulated ) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 462.05 641.26 Td (Other) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 449.45 636.06 Td (Comprehensive) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 459.85 630.86 Td (Income) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.65 636.06 Td (T) Tj ET Q q 0 0 0 rg BT 502.54 636.06 Td (reasury) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 630.86 Td (Stock) Tj ET Q BT /F7 5.20 Tf ET q 0 0 0 rg BT 537.30 641.28 Td (T) Tj ET Q q 0 0 0 rg BT 540.29 641.28 Td (otal) Tj ET Q BT /F7 5.20 Tf ET q 0 0 0 rg BT 535.45 636.08 Td (Equity) Tj ET Q BT /F7 5.20 Tf ET q 0 0 0 rg BT 533.90 630.88 Td (\(Deficit\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 201.40 636.06 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 197.90 630.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 232.40 630.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 266.20 630.86 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 619.03 Td (Balance as of June 30, 2018) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 619.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 619.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 619.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 619.03 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 619.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 619.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 619.03 Td (\(126,143) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 619.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 619.03 Td (349) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 619.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 619.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 619.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 619.03 Td (7,459) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 607.03 Td (Senior preferred stock dividends paid) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 422.95 607.03 Td (\(4,459) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 607.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 607.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 537.95 607.03 Td (\(4,459) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 607.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 595.03 Td (Increase to senior preferred stock) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.00 595.03 Td () Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 583.03 Td (Comprehensive income:) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 571.03 Td (Net income) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 424.95 571.03 Td (4,01) Tj ET Q q 0 0 0 rg BT 436.63 571.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 571.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 571.03 Td (4,01) Tj ET Q q 0 0 0 rg BT 551.63 571.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 559.03 Td (Other comprehensive income, net of tax ef) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 167.00 559.03 Td (fect:) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 548.03 Td (Changes in net unrealized gains on available-) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 69.00 542.03 Td (for-sale securities \(net of taxes of $8\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 481.30 542.03 Td (\(31) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 542.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 542.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 546.30 542.03 Td (\(31) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 542.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 531.03 Td (Reclassification adjustment for gains included) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 69.00 525.03 Td (in net income \(net of taxes of $1\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.65 525.03 Td (\(2) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 525.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 525.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 525.03 Td (\(2) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 525.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 513.03 Td (Other) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.65 513.03 Td (\(3) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 513.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 513.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 513.03 Td (\(3) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 513.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 501.03 Td (T) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 57.33 501.03 Td (otal comprehensive income) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 539.95 501.03 Td (3,975) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 488.03 Td (Reclassification related to ) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 123.98 488.03 Td (T) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 127.26 488.03 Td (ax Cuts) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 63.00 482.03 Td (and Jobs ) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 88.85 482.03 Td (Act) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.00 482.03 Td () Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 470.03 Td (Other) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 470.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.00 470.03 Td () Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 459.03 Td (Balance as of September 30, 2018) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 459.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 459.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 459.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 459.03 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 459.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 459.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 459.03 Td (\(126,591) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 459.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 459.03 Td (313) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 459.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 459.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 459.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 459.03 Td (6,975) Tj ET Q BT /F1 10.00 Tf ET 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 433.25 m 225.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 421.25 m 225.5 421.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 433.25 m 229.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 421.25 m 229.5 421.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 433.25 m 259.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 421.25 m 259.5 421.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 433.25 m 263.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 421.25 m 263.5 421.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 433.25 m 292.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 421.25 m 292.5 421.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 433.25 m 296.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 433.25 m 329.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 433.25 m 333.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 433.25 m 363.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 433.25 m 367.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 433.25 m 399.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 433.25 m 403.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 433.25 m 442.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 433.25 m 446.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 433.25 m 492.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 433.25 m 496.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 433.25 m 525.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 433.25 m 529.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 433.25 m 557.5 433.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 404.25 m 225.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 404.25 m 259.5 404.25 l s 0.23921568627450981 0.403921568627451 0.00784313725490196 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 404.25 m 292.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 404.25 m 329.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 404.25 m 363.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 404.25 m 399.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 404.25 m 442.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 404.25 m 492.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 404.25 m 525.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 404.25 m 557.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 404.25 m 225.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 404.25 m 259.5 404.25 l s 0.23921568627450981 0.403921568627451 0.00784313725490196 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 404.25 m 292.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 404.25 m 329.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 404.25 m 363.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 404.25 m 399.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 404.25 m 442.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 404.25 m 492.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 404.25 m 525.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 404.25 m 557.5 404.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 285.25 m 557.5 285.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 244.25 m 190.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 244.25 m 225.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 244.25 m 259.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 244.25 m 292.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 244.25 m 329.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 244.25 m 363.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 244.25 m 399.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 244.25 m 442.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 244.25 m 492.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 244.25 m 525.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 244.25 m 557.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 244.25 m 190.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 232.25 m 190.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 230.25 m 190.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 244.25 m 225.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 232.25 m 225.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 230.25 m 225.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 244.25 m 259.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 232.25 m 259.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 230.25 m 259.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 244.25 m 292.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 232.25 m 292.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 230.25 m 292.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 244.25 m 329.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 232.25 m 329.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 230.25 m 329.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 244.25 m 363.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 232.25 m 363.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 230.25 m 363.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 244.25 m 399.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 232.25 m 399.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 230.25 m 399.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 244.25 m 442.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 232.25 m 442.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 230.25 m 442.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 244.25 m 492.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 232.25 m 492.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 230.25 m 492.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 244.25 m 525.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 232.25 m 525.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 230.25 m 525.5 230.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 244.25 m 557.5 244.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 232.25 m 557.5 232.25 l s 0.17254901960784313 0.4117647058823529 0.21568627450980393 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529.5 230.25 m 557.5 230.25 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 306.80 437.65 Td (Fannie Mae Stockholders) Tj ET Q q 0 0 0 rg BT 392.77 437.65 Td ( Equity \(Deficit\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 214.45 425.03 Td (Shares Outstanding) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 304.40 418.26 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 300.90 413.06 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 305.40 407.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 336.40 413.06 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 340.90 407.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 371.70 413.06 Td (Common) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 375.90 407.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 422.50 418.26 Td () Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.15 413.06 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 414.55 407.86 Td (Deficit) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 452.65 423.46 Td (Accumulated) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 462.05 418.26 Td (Other) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 449.45 413.06 Td (Comprehensive) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 459.85 407.86 Td (Income) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.65 413.06 Td (T) Tj ET Q q 0 0 0 rg BT 502.68 413.06 Td (reasury) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 407.86 Td (Stock) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 536.95 418.26 Td (T) Tj ET Q q 0 0 0 rg BT 539.74 418.26 Td (otal) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 535.05 413.06 Td (Equity) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 533.30 407.86 Td (\(Deficit\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 201.40 413.06 Td (Senior) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 197.90 407.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 232.40 407.86 Td (Preferred) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 266.20 407.86 Td (Common) Tj ET Q BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 395.03 Td (Balance as of December 31, 2017) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 219.65 395.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 395.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 395.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 395.03 Td (1) Tj ET Q q 0 0 0 rg BT 308.64 395.03 Td (17,149) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 395.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 395.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 395.03 Td (\(133,805) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 395.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 395.03 Td (553) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 395.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 395.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 395.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 537.95 395.03 Td (\(3,686) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 395.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 383.03 Td (Senior preferred stock dividends paid) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 422.95 383.03 Td (\(5,397) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 383.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 383.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 537.95 383.03 Td (\(5,397) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 383.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 371.03 Td (Increase to senior preferred stock) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 311.95 371.03 Td (3,687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 371.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 371.03 Td (3,687) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 359.03 Td (Comprehensive income:) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 347.03 Td (Net income) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 421.60 347.03 Td (12,729) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 347.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 536.60 347.03 Td (12,729) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 335.03 Td (Other comprehensive income, net of tax ef) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 167.00 335.03 Td (fect:) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 324.03 Td (Changes in net unrealized gains on available-) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 69.00 318.03 Td (for-sale securities \(net of taxes of $22\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 481.30 318.03 Td (\(84) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 318.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 318.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 546.30 318.03 Td (\(84) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 318.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 307.03 Td (Reclassification adjustment for gains included) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 69.00 301.03 Td (in net income \(net of taxes of $71\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 477.95 301.03 Td (\(265) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 301.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 301.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 542.95 301.03 Td (\(265) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 301.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 60.00 289.03 Td (Other) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.65 289.03 Td (\(8) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 490.00 289.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 289.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 289.03 Td (\(8) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 289.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 277.03 Td (T) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 57.33 277.03 Td (otal comprehensive income) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 536.60 277.03 Td (12,372) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 266.03 Td (Reclassification related to ) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 123.98 266.03 Td (T) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 127.26 266.03 Td (ax Cuts) Tj ET Q BT /F2 6.00 Tf ET q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 63.00 260.03 Td (and Jobs ) Tj ET Q q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 88.85 260.03 Td (Act) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 427.95 260.03 Td (\(1) Tj ET Q q 0 0 0 rg BT 433.28 260.03 Td (17) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 260.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 260.03 Td (1) Tj ET Q q 0 0 0 rg BT 483.29 260.03 Td (17) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.00 260.03 Td () Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.07058823529411765 0.07058823529411765 0.07058823529411765 rg BT 54.00 248.03 Td (Other) Tj ET Q BT /F2 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 217.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 251.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 284.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 321.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 355.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 391.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.65 248.03 Td (\(1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 248.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 484.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 517.00 248.03 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 549.65 248.03 Td (\(1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 555.00 248.03 Td (\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 54.00 235.03 Td (Balance as of September 30, 2018) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 219.65 235.03 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 246.95 235.03 Td (556) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 274.95 235.03 Td (1,158) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 299.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 305.30 235.03 Td (120,836) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 336.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 342.60 235.03 Td (19,130) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 370.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 386.95 235.03 Td (687) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 406.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 416.30 235.03 Td (\(126,591) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 440.00 235.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 449.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 479.95 235.03 Td (313) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 499.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 505.95 235.03 Td (\(7,400) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.00 235.03 Td (\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.00 235.03 Td ($) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 539.95 235.03 Td (6,975) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 188.55 Td (See Notes to Condensed Consolidated Financial Statements in the ) Tj ET Q q 0 0 0 rg BT 371.31 188.55 Td (Third Quarter 2019 Form 10-Q) Tj ET Q /GS0 gs q 512.00 0 0 35.26 50.00 744.25 cm /I37 Do Q /GS0 gs q 512.00 0 0 5.23 50.00 48.80 cm /I38 Do Q endstream endobj 33 0 obj <> /View <>>>>> endobj 34 0 obj <> /View <>>>>> endobj 35 0 obj <> endobj 36 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;