UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

FORM 8-K/A

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Original Report (Date of earliest event reported): October 16, 2003

Federal National Mortgage Association

Fannie Mae

Federally chartered corporation (State or other jurisdiction of incorporation)		0-50231 (Commission File Number)		52-0883107 (IRS Employer Identification Number)

3900 Wisconsin Avenue, NW Washington, DC   (Address of principal executive offices)		20016 (Zip Code)

Registrant’s telephone number, including area code: 202-752-7000

 

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This Form 8-K/A amends an earlier report on Form 8-K filed by Fannie Mae (formally, the Federal National Mortgage Association) on October 16, 2003.

Item 7. Financial Statements and Exhibits.

	(a)		Not applicable.
	(b)		Not applicable.
	(c)		Exhibits.
			An index to exhibits has been filed as part of this Report immediately following the signature page, and is incorporated herein by reference.

Item 12. Results of Operations and Financial Condition.

On October 29, 2003, Fannie Mae issued a revised version of the company's earnings release for the third quarter of fiscal year 2003. On the same date, the company issued a reconciliation of the numbers in the revised release to the numbers in the release as originally issued on October 16, 2003. A copy of the reconciliation is attached to this Report as Exhibit 99.1.

This information furnished under “Item 12. Results of Operations and Financial Condition”, including the exhibit related hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any disclosure document of the company, except as shall be expressly set forth by specific reference in such document.

 

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	FEDERAL NATIONAL MORTGAGE ASSOCIATION
	By	/s/ Leanne G. Spencer
		Leanne G. Spencer
		Senior Vice President and Controller

Date: October 30, 2003

 

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EXHIBIT INDEX

     The following is a list of the Exhibits furnished herewith.

Exhibit Number		Description of Exhibit
99.1		Reconciliation issued by Fannie Mae on October 29, 2003.

 

 

Exhibit 99.1

Reconciliation to Press Release Issued on October 16, 2003

		As reported on 10/16/03												As reported on 10/29/03												Change
						Quarter				Nine Months								Quarter				Nine Months								Quarter				Nine Months
		As of				ended				ended				As of				ended				ended				As of				ended				ended
Dollars in millions		9/30/03				9/30/03				9/30/03				9/30/03				9/30/03				9/30/03				9/30/03				9/30/03				9/30/03
Mortgage portfolio, net		$	919,424											$	921,171											$	1,747
Total assets			1,018,135												1,019,171												1,036
Unrealized gains on securities, net			2,136												3,415												1,279
Cash flow hedging results, net FAS 149			(2,408	)											(2,551	)											(143	)
Total accumulated OCI			(16,364	)											(15,228	)											1,136
Total stockholders’ equity			16,388												17,524												1,136
Estimate of core capital in excess of statutory minimum			1,351												1,316												(35	)
FAS 133 component of AOCI as a percentage of net mortgage balance			1.8	%											1.7	%											-0.1	%
Return on common equity							64.9	%			50.5	%							63.8	%			50.1	%							-1.1	%			-0.4	%
Average net mortgage investment						$	840,523			$	817,847							$	840,851			$	817,956								328				109
Average total net investment							926,027				896,049								926,355				896,158								328				109

Contact:		Janis Smith 202-752-6673