[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-184221-en":3,"doc-seo-184221-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},184221,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","Condensed Consolidated Results of Operations","This document presents the condensed consolidated results of operations for the three months ended March 31, 2025 and 2024, detailing net interest income, fee and other income, and net revenues. It also outlines various non-interest expenses, including administrative expenses, legislative assessments, credit enhancement expenses, and other income/expense. The report highlights provision for credit losses and fair value and investment gains/losses. Key financial figures such as income before federal income taxes, provision for federal income taxes, and net income are provided in millions of dollars, with variance analysis between the two periods. Administrative expenses, legislative assessments, and credit enhancement expenses represent significant operational costs detailed within the non-interest expense section for both reporting periods. The report concludes with the net income for each respective period, allowing for a comparative financial performance analysis between 2025 and 2024.","| Federally chartered corporation | 52-0883107 | 1100 15th Street, NW Washington, DC 20005 | 800 232-6643 |\n| --- | --- | --- | --- |\n| (State or other jurisdiction of incorporation or organization) | (I.R. S. Employer\u003Cbr>Identification No.) | (Address of principal executive offices, including zip code) | (Registrant’s telephone number, including area code) |\n\n\n| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |\n| --- | --- | --- |\n| None | N/A | N/A |\n\n| This section discusses our condensed consolidated results of operations and should be read together with our condensed consolidated financial statements and the accompanying notes.\u003Cbr>Summary of Condensed Consolidated Results of Operations |  |\n| --- | --- |\n| Net interest income(1) Fee and other income\u003Cbr>Net revenues\u003Cbr>(Provision) benefit for credit losses Fair value gains (losses), net Investment gains (losses), net Non-interest expense:\u003Cbr>Administrative expenses(2) Legislative assessments(3) Credit enhancement expense(4) Other income (expense), net(5) Total non-interest expense Income before federal income taxes\u003Cbr>Provision for federal income taxes\u003Cbr>Net income | For the Three Months  Ended March 31, \u003Cbr>2025 2024 Variance |\n|  | (Dollars in millions)\u003Cbr>$ 7,001 $ 7,023 $ (22)\u003Cbr>84 72 12 |\n|  | 7,085 7,095 (10)\u003Cbr>(24) 180 (204)\u003Cbr>123 480 (357)\u003Cbr>— 22 (22)\u003Cbr>(992) (889) (103)\u003Cbr>(931) (930) (1)\u003Cbr>(479) (419) (60)\u003Cbr>(198) (106) (92) |\n|  | (2,600) (2,344) (256) |\n|  | 4,584 5,433 (849)(923) (1,113) 190 |\n|  | $ 3,661 $ 4,320 $ (659) |","cbCaipSoVCp0e2x9","https://ap.wps.com/l/cbCaipSoVCp0e2x9","pdf",1241281,1,113,"English","en",105,"# Summary of Condensed Consolidated Results of Operations\n## Net interest income\n## Fee and other income\n## Net revenues\n## (Provision) benefit for credit losses\n## Fair value gains (losses), net\n## Investment gains (losses), net\n## Non-interest expense:\n### Administrative expenses\n### Legislative assessments\n### Credit enhancement expense\n### Other income (expense), net\n## Total non-interest expense\n## Income before federal income taxes\n## Provision for federal income taxes\n## Net income","[{\"question\":\"What is the period covered by the condensed consolidated results of operations?\",\"answer\":\"The report covers the three months ended March 31, 2025 and 2024.\"},{\"question\":\"What are the main components of net revenues?\",\"answer\":\"Net revenues are comprised of Net interest income and Fee and other income.\"},{\"question\":\"What were the total non-interest expenses for the three months ended March 31, 2025?\",\"answer\":\"The total non-interest expenses for the three months ended March 31, 2025 were $2,600 million.\"}]","Condensed Consolidated Results of Operations | 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