Fannie Mae-No Politics (FNMA)

[Wise Man]

Unavailable Earnings for distribution as dividend (*)out of Accumulated Deficit Retained Earnings accounts.
A Balance Sheet is a picture of a company at a determined date.
Although a RE account can be negative and still be used to debit losses from, for the distribution of Earnings it's common sense that, at least, it needs to have a positive balance in the company for its distribution.
More evidence that they weren't actual dividends, but a Separate Account, thanks to the FHFA-C's Incidental Power.