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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional and Fair Value Position [Table Text Block]
The following table displays the notional amount and estimated fair value of our asset and liability derivative instruments as of June 30, 2013 and December 31, 2012.

As of June 30, 2013
 
As of December 31, 2012

Asset Derivatives
 
Liability Derivatives
 
Asset Derivatives
 
Liability Derivatives

Notional Amount
 
Estimated Fair Value
 
Notional Amount
 
Estimated Fair Value
 
Notional Amount
 
Estimated Fair Value
 
Notional Amount
 
Estimated Fair Value

(Dollars in millions)
Risk management derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay-fixed
$
87,427

 
$
4,306

 
$
159,686

 
$
(9,109
)
 
$
19,450

 
$
270

 
$
239,017

 
$
(18,237
)
Receive-fixed
82,617

 
5,907

 
213,892

 
(4,554
)
 
231,346

 
10,514

 
57,190

 
(200
)
Basis
19,700

 
79

 
7,200

 
(1
)
 
23,199

 
151

 
1,700

 
—

Foreign currency
408

 
111

 
580

 
(71
)
 
686

 
193

 
509

 
(45
)
Swaptions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay-fixed
33,750

 
335

 
62,325

 
(933
)
 
33,050

 
102

 
36,225

 
(184
)
Receive-fixed
15,020

 
1,451

 
61,325

 
(1,082
)
 
15,970

 
3,572

 
36,225

 
(2,279
)
Other(1)
5,094

 
27

 
12

 
—

 
7,374

 
26

 
13

 
(1
)
Total gross risk management derivatives
244,016

 
12,216

 
505,020

 
(15,750
)
 
331,075

 
14,828

 
370,879

 
(20,946
)
Accrued interest receivable (payable)
—

 
1,116

 
—

 
(1,268
)
 
—

 
1,242

 
—

 
(1,508
)
Netting adjustment(2)
—

 
(12,073
)
 
—

 
15,785

 
—

 
(15,791
)
 
—

 
22,046

Total net risk management derivatives
$
244,016

 
$
1,259

 
$
505,020

 
$
(1,233
)
 
$
331,075

 
$
279

 
$
370,879

 
$
(408
)
Mortgage commitment derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage commitments to purchase whole loans
$
3,292

 
$
23

 
$
9,719

 
$
(298
)
 
$
12,360

 
$
27

 
$
5,232

 
$
(8
)
Forward contracts to purchase mortgage-related securities
13,779

 
116

 
41,496

 
(1,212
)
 
34,545

 
103

 
12,557

 
(23
)
Forward contracts to sell mortgage-related securities
71,885

 
2,051

 
19,614

 
(161
)
 
18,886

 
26

 
75,477

 
(266
)
Total mortgage commitment derivatives
$
88,956

 
$
2,190

 
$
70,829

 
$
(1,671
)
 
$
65,791

 
$
156

 
$
93,266

 
$
(297
)
Derivatives at fair value
$
332,972

 
$
3,449

 
$
575,849

 
$
(2,904
)
 
$
396,866

 
$
435

 
$
464,145

 
$
(705
)
__________
(1) 
Includes interest rate caps, futures, swap credit enhancements and mortgage insurance contracts that we account for as derivatives. The mortgage insurance contracts have payment provisions that are not based on a notional amount.
(2) 
The netting adjustment represents the effect of the legal right to offset under legally enforceable master netting agreements to settle with the same counterparty on a net basis, including cash collateral posted and received. Cash collateral posted was $4.4 billion and $6.3 billion as of June 30, 2013 and December 31, 2012, respectively. Since the agreements related to clearing contracts through derivatives clearing organizations do not provide us with a legal right of offset, no netting adjustments have been made for those contracts. Cash collateral received was $672 million as of June 30, 2013. No cash collateral was received as of December 31, 2012.
Fair Value Gain (Loss), Net [Table Text Block]
The following table displays, by type of derivative instrument, the fair value gains and losses, net on our derivatives for the three and six months ended June 30, 2013 and 2012.
 
For the
 
For the
 
Three Months
 
Six Months
 
Ended June 30,
 
Ended June 30,
 
2013
 
2012
 
2013
 
2012
 
(Dollars in millions)
Risk management derivatives:
 
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
 
Pay-fixed
$
7,102

 
$
(5,858
)
 
$
8,494

 
$
(4,683
)
Receive-fixed
(6,111
)
 
3,592

 
(7,039
)
 
2,674

Basis
(33
)
 
18

 
(50
)
 
56

Foreign currency
(59
)
 
8

 
(125
)
 
9

Swaptions:
 
 
 
 
 
 
 
Pay-fixed
(468
)
 
79

 
(451
)
 
57

Receive-fixed
247

 
345

 
268

 
251

Other(1)
13

 
(5
)
 
25

 
(6
)
Total risk management derivatives fair value gains (losses), net
691

 
(1,821
)
 
1,122

 
(1,642
)
Mortgage commitment derivatives fair value gains (losses), net
497

 
(562
)
 
628

 
(767
)
Total derivatives fair value gains (losses), net
$
1,188

 
$
(2,383
)
 
$
1,750

 
$
(2,409
)
__________
(1) 
Includes interest rate caps, futures, swap credit enhancements and mortgage insurance contracts.