Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

This is from the 1st two sentences of the Introduction from todays 2Q21: "Fannie Mae is a leading source of financing for mortgages in the United States, with $4.2 trillion in assets as of June 30,
2021. Organized as a government-sponsored entity, Fannie Mae is a shareholder-owned corporation."

So $4.2T in Assets and a Net Worth of $37B, that's close to a 1% (0.9) Capital Ratio.

Table 5 from the June 2021 Summary Statistics which are published at the end of each month states that Fannie Mae holds approximately $165B in Other Investments. What is that?: "Table 5
Other Investments. Primarily consists of cash and readily marketable instruments such as certificates of deposit, federal funds sold, securities purchased under agreements to resell and Treasury bills."

YOU CAN BET THESE ASSETS EARN NEXT TO NOTHING BUT I AM QUITE SURE $37B OF THEM WOULD QUALIFY AS CET1 CAPITAL.