Regulatory Capital Requirements (Tables)

9 Months Ended

Sep. 30, 2025

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Regulatory Capital Classification Measures

The following table displays our capital requirements under the standardized approach of the enterprise regulatory capital framework.


Capital Metrics under the Enterprise Regulatory Capital Framework as of September 30, 2025(1)
(Dollars in billions)
Adjusted total assets		$	4,443
Risk-weighted assets		1,372

		Amounts						Ratios
		Available Capital (Deficit)(2)		Minimum Capital Requirement		Total Capital Requirement (including Buffers)(3)		Available Capital (Deficit) Ratio		Minimum Capital Ratio Requirement		Total Capital Requirement Ratio (including Buffers)
Risk-based capital:
	Total capital (statutory)	$	(7)	$	110	$	110	(0.5)	%	8.0	%	8.0	%
	Common equity tier 1 capital	(44)		62		142		(3.2)		4.5		10.3
	Tier 1 capital	(25)		82		162		(1.8)		6.0		11.8
	Adjusted total capital	(25)		110		190		(1.8)		8.0		13.8
Leverage capital:
	Core capital (statutory)	(15)		111		111		(0.3)		2.5		2.5
	Tier 1 capital	(25)		111		134		(0.6)		2.5		3.0


Capital Metrics under the Enterprise Regulatory Capital Framework as of December 31, 2024(1)
(Dollars in billions)
Adjusted total assets		$	4,460
Risk-weighted assets		1,364

		Amounts						Ratios
		Available Capital (Deficit)(2)		Minimum Capital Requirement		Total Capital Requirement (including Buffers)(3)		Available Capital (Deficit) Ratio		Minimum Capital Ratio Requirement		Total Capital Requirement Ratio (including Buffers)
Risk-based capital:
	Total capital (statutory)	$	(18)	$	109	$	109	(1.3)	%	8.0	%	8.0	%
	Common equity tier 1 capital	(56)		61		142		(4.1)		4.5		10.4
	Tier 1 capital	(37)		82		163		(2.7)		6.0		11.9
	Adjusted total capital	(37)		109		190		(2.7)		8.0		13.9
Leverage capital:
	Core capital (statutory)	(26)		111		111		(0.6)		2.5		2.5
	Tier 1 capital	(37)		111		135		(0.8)		2.5		3.0

(1)Ratios are calculated as a percentage of risk-weighted assets for risk-based capital metrics and as a percentage of adjusted total assets for leverage capital metrics.

(2)Available capital deficit for all line items excludes the stated value of the senior preferred stock ($120.8 billion).

(3)Prescribed capital conservation buffer amount, or PCCBA, for risk-based capital and prescribed leverage buffer amount, or PLBA, for leverage capital.

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE 10-Q