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Fair Value FV Measurement 2 - Level 3 Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) $ 245 $ 108
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 202 17
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) 55 66
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 0 0
Fair Value Gains (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) 192 87
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 202 17
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) (5) (51)
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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) 3 6
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 0 0
Trading securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 2,286 4,238
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 240 4
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] (33) [2]
Issues 0 [3] 0 [3]
Settlements (55) [3] (158) [3]
Transfers out of Level 3 (44) [4] (1,590) [4]
Transfers Into Level 3 325 [4] 295 [4]
Ending Balance 2,752 2,756
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 236 [5] (2) [5]
Trading securities [Member] | Fannie Mae [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 68 1,737
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (3) 5
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] (33) [2]
Issues 0 [3] 0 [3]
Settlements (4) [3] (104) [3]
Transfers out of Level 3 0 [4] (1,581) [4]
Transfers Into Level 3 0 [4] 65 [4]
Ending Balance 61 89
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held (2) [5] 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 [3] 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 Income (Loss) Related to Assets Still Held 0 [5] 0 [5]
Trading securities [Member] | Ginnie Mae [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 1 9
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 (1) [3] 0 [3]
Transfers out of Level 3 0 [4] (9) [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 0 0
Net Unrealized Gains (Losses) Included in Net Income (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 104 345
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 95 13
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 (16) [3] (17) [3]
Transfers out of Level 3 (44) [4] 0 [4]
Transfers Into Level 3 325 [4] 228 [4]
Ending Balance 464 569
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 90 [5] 13 [5]
Trading securities [Member] | Subprime private-label securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 1,319 1,280
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 159 59
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 (32) [3] (34) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 1,446 1,305
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 160 [5] 59 [5]
Trading securities [Member] | Mortgage revenue bonds [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 675 724
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (13) (54)
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 (1) [3] (2) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 661 668
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held (13) [5] (55) [5]
Trading securities [Member] | Other [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 117 143
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 2 (19)
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 (1) [3] (1) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 118 123
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 1 [5] (19) [5]
Available-for-sale securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 25,034 29,492
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 55 26
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 910 [1] 298 [1]
Purchases 0 [2] 1 [2]
Sales (19) [2] (25) [2]
Issues 0 [3] 0 [3]
Settlements (1,104) [3] (1,047) [3]
Transfers out of Level 3 (1,206) [4] (1,880) [4]
Transfers Into Level 3 781 [4] 988 [4]
Ending Balance 24,451 27,853
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 29 946
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] (8) [1]
Purchases 0 [2] 1 [2]
Sales 0 [2] (1) [2]
Issues 0 [3] 0 [3]
Settlements (3) [3] (16) [3]
Transfers out of Level 3 (14) [4] (895) [4]
Transfers Into Level 3 0 [4] 10 [4]
Ending Balance 12 37
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 10 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 (1) [3] (1) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 9 11
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 6,564 7,256
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 9 (17)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 218 [1] 166 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (268) [3] (262) [3]
Transfers out of Level 3 (1,192) [4] (985) [4]
Transfers Into Level 3 781 [4] 978 [4]
Ending Balance 6,112 7,136
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 7,447 7,586
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 44 35
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 677 [1] 303 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (300) [3] (329) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 7,868 7,595
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 7,837 10,247
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (2) 2
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) (29) [1] (137) [1]
Purchases 0 [2] 0 [2]
Sales (19) [2] (24) [2]
Issues 0 [3] 0 [3]
Settlements (436) [3] (356) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 7,351 9,732
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 3,147 3,445
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 4 6
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 44 [1] (26) [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (96) [3] (83) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 3,099 3,342
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 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 2,634 2,319
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 27 73
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 158 [2] 245 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (112) [3] (59) [3]
Transfers out of Level 3 (38) [4] (318) [4]
Transfers Into Level 3 213 [4] 11 [4]
Ending Balance 2,882 2,271
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held 22 [5] 17 [5]
Net derivatives [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 14 65
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (40) 7
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] (3) [3]
Settlements 23 [3] (25) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 (4) [4] 0 [4]
Ending Balance (7) 44
Net Unrealized Gains (Losses) Included in Net Income (Loss) Related to Assets Still Held (18) [5] 3 [5]
Long-term debt [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (1,528) (1,171)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (37) (2)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues (15) [3] (267) [3]
Settlements 49 [3] 28 [3]
Transfers out of Level 3 113 [4] 110 [4]
Transfers Into Level 3 (42) [4] (47) [4]
Ending Balance (1,460) (1,349)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (38) [5] (1) [5]
Long-term debt [Member] | Consolidated Trusts [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (1,128) (765)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (54) (9)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues (15) [3] (267) [3]
Settlements 49 [3] 28 [3]
Transfers out of Level 3 113 [4] 110 [4]
Transfers Into Level 3 (42) [4] (47) [4]
Ending Balance (1,077) (950)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (55) [5] (8) [5]
Long-term debt [Member] | Senior Floating [Member] | Fannie Mae [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (400) (406)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss 17 7
Total Gains or (Losses) 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 0 [3] 0 [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance (383) (399)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held $ 17 [5] $ 7 [5]
[1] Gains (losses) included in other comprehensive income are included in “Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes” in the condensed consolidated statements of operations and comprehensive income.
[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.