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Fair Value Level 3 Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) $ (274) $ 141 $ (166) $ 238
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (9) (8) 0 (34)
Interest Income [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 79 135 145 270
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 (1) 0 (1)
Fair Value Losses, Net [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 33 8 120 (16)
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (9) (7) 0 (33)
Net Other-than-Temporary Impairments [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (388) (6) (439) (23)
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 0 0 0
Other [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 2 4 8 7
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 0 0 0
Trading securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2,756 3,981 4,238 4,576
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 41 (17) 45 (15)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 124 [2] 0 [2] 124 [2]
Sales 0 [2] 0 [2] (33) [2] (15) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (105) [3] (160) [3] (263) [3] (344) [3]
Transfers out of Level 3 (416) [4] 0 [4] (2,006) [4] (400) [4]
Transfers Into Level 3 29 [4] 106 [4] 324 [4] 108 [4]
Ending Balance 2,305 4,034 2,305 4,034
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (7) [5] (15) [5] (15) [5] (6) [5]
Trading securities [Member] | Fannie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 89 1,651 1,737 2,202
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (3) 1 2 (12)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 124 [2] 0 [2] 124 [2]
Sales 0 [2] 0 [2] (33) [2] (15) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (4) [3] (97) [3] (108) [3] (229) [3]
Transfers out of Level 3 0 [4] 0 [4] (1,581) [4] (391) [4]
Transfers Into Level 3 0 [4] 0 [4] 65 [4] 0 [4]
Ending Balance 82 1,679 82 1,679
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (2) [5] 2 [5] (2) [5] (6) [5]
Trading securities [Member] | Ginnie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance     9  
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss)     0  
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss)     0 [1]  
Purchases     0 [2]  
Sales     0 [2]  
Issues     0 [3]  
Settlements     0 [3]  
Transfers out of Level 3     (9) [4]  
Transfers Into Level 3     0 [4]  
Ending Balance 0   0  
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held     0 [5]  
Trading securities [Member] | Freddie Mac [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2   0  
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 0   0  
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1]   0 [1]  
Purchases 0 [2]   0 [2]  
Sales 0 [2]   0 [2]  
Issues 0 [2]   0 [3]  
Settlements 0 [3]   0 [3]  
Transfers out of Level 3 0 [4]   0 [4]  
Transfers Into Level 3 0 [4]   2 [4]  
Ending Balance 2   2  
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5]   0 [5]  
Trading securities [Member] | Alt-A private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 569 20 345 20
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 56 1 69 1
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (50) [3] (1) [3] (67) [3] (1) [3]
Transfers out of Level 3 (416) [4] 0 [4] (416) [4] 0 [4]
Transfers Into Level 3 29 [4] 106 [4] 257 [4] 106 [4]
Ending Balance 188 126 188 126
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 7 [5] 2 [5] 13 [5] 1 [5]
Trading securities [Member] | Subprime private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 1,305 1,547 1,280 1,581
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (37) (41) 22 (30)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (42) [3] (47) [3] (76) [3] (92) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 1,226 1,459 1,226 1,459
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (37) [5] (41) [5] 22 [5] (30) [5]
Trading securities [Member] | Mortgage revenue bonds [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 668 606 724 609
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 28 21 (26) 21
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (7) [3] (11) [3] (9) [3] (14) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 689 616 689 616
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 28 [5] 21 [5] (26) [5] 24 [5]
Trading securities [Member] | Other [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 123 155 143 152
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (3) 1 (22) 5
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (2) [3] (2) [3] (3) [3] (3) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 118 154 118 154
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held (3) [5] 1 [5] (22) [5] 5 [5]
Trading securities [Member] | Asset-Backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance   2   12
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss)   0   0
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss)   0 [1]   0 [1]
Purchases   0 [2]   0 [2]
Sales   0 [2]   0 [2]
Issues   0 [3]   0 [3]
Settlements   (2) [3]   (5) [3]
Transfers out of Level 3   0 [4]   (9) [4]
Transfers Into Level 3   0 [4]   2 [4]
Ending Balance   0   0
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held   0 [5]   0 [5]
Available-for-sale securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 27,853 31,762 29,492 31,934
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (306) 134 (280) 261
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 435 [1] (252) [1] 733 [1] (110) [1]
Purchases 5 [2] 473 [2] 6 [2] 889 [2]
Sales (23) [2] (88) [2] (48) [2] (145) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (1,189) [3] (938) [3] (2,236) [3] (2,119) [3]
Transfers out of Level 3 (922) [4] (1,115) [4] (2,802) [4] (1,533) [4]
Transfers Into Level 3 475 [4] 403 [4] 1,463 [4] 1,202 [4]
Ending Balance 26,328 30,379 26,328 30,379
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Fannie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 37 546 946 114
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 0 0 0 0
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 8 [1] (8) [1] 12 [1]
Purchases 5 [2] 473 [2] 6 [2] 889 [2]
Sales (5) [2] (24) [2] (6) [2] (39) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (3) [3] 0 [3] (19) [3] (2) [3]
Transfers out of Level 3 0 [4] (368) [4] (895) [4] (469) [4]
Transfers Into Level 3 0 [4] 0 [4] 10 [4] 130 [4]
Ending Balance 34 635 34 635
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Freddie Mac [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 11 12 12 3
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 0 0 0 0
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements 0 [3] 0 [3] (1) [3] 0 [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 9 [4]
Ending Balance 11 12 11 12
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Alt-A private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 7,136 7,236 7,256 7,049
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (85) 3 (102) 1
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 127 [1] (26) [1] 293 [1] 78 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (275) [3] (217) [3] (537) [3] (475) [3]
Transfers out of Level 3 (922) [4] (747) [4] (1,907) [4] (1,064) [4]
Transfers Into Level 3 475 [4] 403 [4] 1,453 [4] 1,063 [4]
Ending Balance 6,456 6,652 6,456 6,652
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Subprime private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 7,595 9,660 7,586 9,932
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (230) 130 (195) 260
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 203 [1] (547) [1] 506 [1] (605) [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (338) [3] (334) [3] (667) [3] (678) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 7,230 8,909 7,230 8,909
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Mortgage revenue bonds [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 9,732 10,532 10,247 11,030
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 1 (1) 3 (3)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 117 [1] 273 [1] (20) [1] 294 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales (18) [2] (64) [2] (42) [2] (106) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (479) [3] (276) [3] (835) [3] (751) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 9,353 10,464 9,353 10,464
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Other [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 3,342 3,776 3,445 3,806
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 8 2 14 3
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) (12) [1] 40 [1] (38) [1] 111 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (94) [3] (111) [3] (177) [3] (213) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 3,244 3,707 3,244 3,707
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 0 [5] 0 [5] 0 [5] 0 [5]
Mortgage Loans [Member] | Consolidated Trusts [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2,271 2,221 2,319 2,207
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 47 19 120 30
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 142 [2] 42 [2] 387 [2] 57 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (110) [3] (71) [3] (169) [3] (150) [3]
Transfers out of Level 3 (26) [4] (31) [4] (344) [4] (37) [4]
Transfers Into Level 3 7 [4] 185 [4] 18 [4] 258 [4]
Ending Balance 2,331 2,365 2,331 2,365
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 43 [5] 19 [5] (10) [5] 30 [5]
Net derivatives [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 44 118 65 104
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 8 (9) 15 5
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues (3) [3] (1) [3] (6) [3] (1) [3]
Settlements 25 [3] (29) [3] 0 [3] (29) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance 74 79 74 79
Net Unrealized Gains (Losses) Included in Net Loss Related to Assets Still Held 19 [5] (26) [5] 33 [5] (16) [5]
Long-term debt [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (1,349) (1,090) (1,171) (1,048)
Total Gain (Loss) (Realized/Unrealized) Included in Net Loss (64) 14 (66) (43)
Total Gains or (Lossed) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues (218) [3] (40) [3] (485) [3] (40) [3]
Settlements 50 [3] 39 [3] 78 [3] 81 [3]
Transfers out of Level 3 0 [4] 55 [4] 110 [4] 77 [4]
Transfers Into Level 3 (150) [4] (26) [4] (197) [4] (75) [4]
Ending Balance (1,731) (1,048) (1,731) (1,048)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (64) [5] 14 [5] (8) [5] (42) [5]
Long-term debt [Member] | Fannie Mae [Member] | Senior Floating [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (399) (423) (406) (421)
Total Gain (Loss) (Realized/Unrealized) Included in Net Loss (13) 8 (6) (14)
Total Gains or (Lossed) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements 0 [3] 13 [3] 0 [3] 33 [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance (412) (402) (412) (402)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (13) [5] 8 [5] (6) [5] (14) [5]
Long-term debt [Member] | Consolidated Trusts [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (950) (667) (765) (627)
Total Gain (Loss) (Realized/Unrealized) Included in Net Loss (51) 6 (60) (29)
Total Gains or (Lossed) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] 0 [2] 0 [2]
Issues (218) [3] (40) [3] (485) [3] (40) [3]
Settlements 50 [3] 26 [3] 78 [3] 48 [3]
Transfers out of Level 3 0 [4] 55 [4] 110 [4] 77 [4]
Transfers Into Level 3 (150) [4] (26) [4] (197) [4] (75) [4]
Ending Balance (1,319) (646) (1,319) (646)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held $ (51) [5] $ 6 [5] $ (2) [5] $ (28) [5]
[1] Gains (losses) included in other comprehensive income (loss) are included in “Changes in unrealized losses on available-for-sale securities, net of reclassification adjustments and taxes” in the condensed consolidated statement of operations and comprehensive income (loss).
[2] Purchases and sales include activity related to the consolidation and deconsolidation of assets of securitization trusts.
[3] Issues and settlements include activity related to the consolidation and deconsolidation of liabilities of securitization trusts.
[4] Transfers out of Level 3 consisted primarily of Fannie Mae MBS and private-label mortgage-related securities backed by Alt-A loans. Prices for these securities were obtained from multiple third-party vendors supported by market observable inputs. Transfers into Level 3 consisted primarily of private-label mortgage-related securities backed by Alt-A loans. Prices for these securities are based on inputs from a single source or inputs that were not readily observable.
[5] Amount represents temporary changes in fair value. Amortization, accretion and other-than-temporary impairments are not considered unrealized and are not included in this amount.