Frequently Asked Questions

Guidelines for Citing BEA Information | ID: 508 | Created: Oct-24-2008

Where do GSEs, like Fannie Mae and Freddie Mac, appear in the GDP accounts?

Government-sponsored enterprises (GSEs) are private companies that were established and chartered by the federal government. (GSEs are different from government enterprises, such as the U.S. Postal Service and local transit agencies, which are businesses owned and operated by government.) In the GDP accounts, government-sponsored enterprises are treated as financial corporations in the business sector. Their value added is recorded in the business sector, and their profits (or losses) are included in corporate profits. Government-sponsored enterprises include the following companies: the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Home Loan banks, Federal Farm Credit banks, and the Federal Agricultural Mortgage Corporation (Farmer Mac).

On September 7, 2008, the Federal Housing Finance Agency (an agency of the federal government) placed Fannie Mae and Freddie Mac under its conservatorship and the U.S. Treasury acquired preferred stock in each company. At present, however, the GDP accounts continue to classify these two government-sponsored enterprises as private financial corporations.

For information on financial interventions, please see the FAQ: How do federal financial interventions, such as the Emergency Economic Stabilization Act of 2008, affect the GDP accounts?

Ask us a question...

"Where do GSEs, like Fannie Mae and Freddie Mac, appear in the GDP accounts? "
Your email address
Your question
What is 7 + 9? (Spam protection)

Double check that email address! | We won't be able to contact you if it is incorrect.

Why the math question? | This helps stop malicious programs from using this site to generate SPAM email.

Please allow us some time | It could take up to two(2) business days for our Subject Matter Experts to follow up with an appropriate answer to your question(s). Your patience is very much appreciated.

Need Help?

Using the FAQ database | All FAQs are displayed when first visiting the page. They are ordered by most recent or recently updated and can be filtered by keyword search term, by category, and by manually selecting the page number buttons. To view any FAQ, click on the title to open the answer. Submitting a question is done by selecting the “Ask a question” tab along the top of the FAQ.

Selecting an FAQ | Clicking on the title of the FAQ will bring up the answer to the FAQ. Navigating back to the list of FAQs is done by selecting the tab “Latest FAQs”. A tab to ask a question specifically about this FAQ can be found at the top of the answer. Also, the FAQ id and date this FAQ was created or last modified is shown in the upper right hand corner.

Searching the FAQs | Enter a keyword search term and click the Search button to narrow FAQ selections. To return to all FAQs, click the Clear button or clear the keyword search field and click the Search button.

Filtering FAQs by category | Chose the category to filter by and click Apply button. This will display only the FAQs related to an assigned category. To return to all FAQs click the Clear button next to the search by keyword field or select ALL from the drop down menu and click Apply button.