Fannie Mae - Federal National Mortgage Association - FNMA - 1975 dated American Banknote $500,000 Specimen Bond

ABN - Specimen $500,000 Bond. Series SM-1978 -F Maturity March 10, 1978 Rate 6.70%. Rare! The Federal National Mortgage Association (FNMA), widely recognized as Fannie Mae, operates as a government-sponsored enterprise (GSE) in the United States and has been publicly traded since 1968. Established in 1938 amid the Great Depression as a component of the New Deal, the organization aims to enhance the secondary mortgage market by securitizing mortgage loans into mortgage-backed securities (MBS). This process enables lenders to reinvest their capital into additional lending, thereby increasing the number of participants in the mortgage market and diminishing dependence on local savings and loan associations, commonly referred to as "thrifts." Its counterpart is the Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac.

As of 2024, Fannie Mae boasts assets exceeding $4.3 trillion, making it the largest company in the United States and the fifth largest globally, based on assets. It holds the 27th position on the Fortune 500 list of the largest U.S. corporations by total revenue and ranks 58th on the Fortune Global 500 list of the largest global corporations by total revenue. In terms of profitability, Fannie Mae is the 15th most profitable company in the United States and ranks 33rd worldwide.