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Financial Guaranty Contracts Accounted for as Credit Derivatives (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Distribution of Credit Derivative Net Par Outstanding            
Premiums Receivable, at Carrying Value $ 944 [1] $ 987 [1] $ 944 [1] $ 987 [1] $ 1,003 $ 1,168
Premium written, net     134 153    
Net Par Outstanding 74,684   74,684   85,047  
Percentage of total 100.00%   100.00%   100.00%  
Original Subordination (as a percent) 0.00% [2]   0.00% [2]      
Current Subordination (as a percent) 0.00% [2]   0.00% [2]   0.00% [2]  
Unrealized Gains (Losses) (38) 1,156 (388) 830    
U.S. RMBS
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 7,576   7,576   8,532  
Original Subordination (as a percent) 24.20% [2],[3]   24.20% [2],[3]   24.10% [2]  
Current Subordination (as a percent) 30.80% [2],[3]   30.80% [2],[3]   32.20% [2]  
Unrealized Gains (Losses) (78) 1,000 (457) 658    
U.S. RMBS | 2004 and Prior
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 130   130      
Original Subordination (as a percent) 6.40% [3]   6.40% [3]      
Current Subordination (as a percent) 19.40% [3]   19.40% [3]      
Unrealized Gains (Losses) 3   3      
U.S. RMBS | 2005
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 2,175   2,175      
Original Subordination (as a percent) 30.90% [3]   30.90% [3]      
Current Subordination (as a percent) 66.30% [3]   66.30% [3]      
Unrealized Gains (Losses) 11   10      
U.S. RMBS | Vintage 2006 [Member]
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 1,589   1,589      
Original Subordination (as a percent) 29.40% [3]   29.40% [3]      
Current Subordination (as a percent) 34.70% [3]   34.70% [3]      
Unrealized Gains (Losses) (24)   (38)      
U.S. RMBS | Vintage 2007 [Member]
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 3,682   3,682      
Original Subordination (as a percent) 18.50% [3]   18.50% [3]      
Current Subordination (as a percent) 8.60% [3]   8.60% [3]      
Unrealized Gains (Losses) (68)   (432)      
CMBS
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 4,195   4,195   4,612  
Original Subordination (as a percent) 33.50% [2]   33.50% [2]   32.60% [2]  
Current Subordination (as a percent) 41.50% [2]   41.50% [2]   38.90% [2]  
Unrealized Gains (Losses) 0 0 0 10    
Super senior
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 18,984   18,984   21,802  
Percentage of total 25.40%   25.40%   25.60%  
AAA
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 34,877   34,877   40,240  
Percentage of total 46.70%   46.70%   47.30%  
AA
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 3,422   3,422   4,342  
Percentage of total 4.60%   4.60%   5.10%  
A
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 5,786   5,786   5,830  
Percentage of total 7.80%   7.80%   6.90%  
BBB
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding 4,721   4,721   5,030  
Percentage of total 6.30%   6.30%   5.90%  
Below investment grade (BIG)
           
Distribution of Credit Derivative Net Par Outstanding            
Net Par Outstanding $ 6,894   $ 6,894   $ 7,803  
Percentage of total 9.20%   9.20%   9.20%  
[1] Excludes $30 million and $29 million as of September 30, 2012 and 2011, respectively, related to consolidated FG VIEs.
[2] Represents the sum of subordinate tranches and over-collateralization and does not include any benefit from excess interest collections that may be used to absorb losses.
[3] Represents the sum of subordinate tranches and overcollateralization and does not include any benefit from excess interest collections that may be used to absorb losses.