XML 229 R84.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments Derivatives 1 - Notional and FV Position (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Asset Derivatives [Abstract]    
Notional amount $ 332,972,000,000 $ 396,866,000,000
Derivatives asset, estimated fair value 3,449,000,000 435,000,000
Netting adjustment (12,073,000,000) [1] (15,791,000,000) [1]
Derivative Liabilities [Abstract]    
Notional amount 575,849,000,000 464,145,000,000
Derivative liability, estimated fair value (2,904,000,000) (705,000,000)
Table Footnote [Abstract]    
Cash collateral posted for derivative instruments 4,400,000,000 6,300,000,000
Cash collateral received for derivative instruments 672,000,000 0
Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 244,016,000,000 331,075,000,000
Derivatives asset, estimated fair value 12,216,000,000 14,828,000,000
Accrued interest receivable, estimated fair value 1,116,000,000 1,242,000,000
Netting adjustment (12,073,000,000) [1],[2] (15,791,000,000) [1],[2]
Total net risk management derivatives 1,259,000,000 279,000,000
Derivative Liabilities [Abstract]    
Notional amount 505,020,000,000 370,879,000,000
Derivative liability, estimated fair value (15,750,000,000) (20,946,000,000)
Accrued interest payable, estimated fair value (1,268,000,000) (1,508,000,000)
Netting adjustment 15,785,000,000 [1],[2] 22,046,000,000 [1],[2]
Total net risk management derivatives (1,233,000,000) (408,000,000)
Mortgage commitment derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 88,956,000,000 65,791,000,000
Derivatives asset, estimated fair value 2,190,000,000 156,000,000
Netting adjustment 0 [1] 0 [1]
Derivative Liabilities [Abstract]    
Notional amount 70,829,000,000 93,266,000,000
Derivative liability, estimated fair value (1,671,000,000) (297,000,000)
Netting adjustment 0 [1] 0 [1]
Pay-fixed Swap [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 87,427,000,000 19,450,000,000
Derivatives asset, estimated fair value 4,306,000,000 270,000,000
Derivative Liabilities [Abstract]    
Notional amount 159,686,000,000 239,017,000,000
Derivative liability, estimated fair value (9,109,000,000) (18,237,000,000)
Receive-fixed Swap [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 82,617,000,000 231,346,000,000
Derivatives asset, estimated fair value 5,907,000,000 10,514,000,000
Derivative Liabilities [Abstract]    
Notional amount 213,892,000,000 57,190,000,000
Derivative liability, estimated fair value (4,554,000,000) (200,000,000)
Basis Swap [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 19,700,000,000 23,199,000,000
Derivatives asset, estimated fair value 79,000,000 151,000,000
Derivative Liabilities [Abstract]    
Notional amount 7,200,000,000 1,700,000,000
Derivative liability, estimated fair value (1,000,000) 0
Foreign Currency Swap [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 408,000,000 686,000,000
Derivatives asset, estimated fair value 111,000,000 193,000,000
Derivative Liabilities [Abstract]    
Notional amount 580,000,000 509,000,000
Derivative liability, estimated fair value (71,000,000) (45,000,000)
Pay-fixed Swaption [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 33,750,000,000 33,050,000,000
Derivatives asset, estimated fair value 335,000,000 102,000,000
Derivative Liabilities [Abstract]    
Notional amount 62,325,000,000 36,225,000,000
Derivative liability, estimated fair value (933,000,000) (184,000,000)
Receive-fixed Swaption [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 15,020,000,000 15,970,000,000
Derivatives asset, estimated fair value 1,451,000,000 3,572,000,000
Derivative Liabilities [Abstract]    
Notional amount 61,325,000,000 36,225,000,000
Derivative liability, estimated fair value (1,082,000,000) (2,279,000,000)
Other [Member] | Risk Management Derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 5,094,000,000 [3] 7,374,000,000 [3]
Derivatives asset, estimated fair value 27,000,000 [3] 26,000,000 [3]
Derivative Liabilities [Abstract]    
Notional amount 12,000,000 [3] 13,000,000 [3]
Derivative liability, estimated fair value 0 [3] (1,000,000) [3]
Mortgage Commitments to Purchase Whole Loans [Member] | Mortgage commitment derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 3,292,000,000 12,360,000,000
Derivatives asset, estimated fair value 23,000,000 27,000,000
Derivative Liabilities [Abstract]    
Notional amount 9,719,000,000 5,232,000,000
Derivative liability, estimated fair value (298,000,000) (8,000,000)
Forward Contracts to Purchase Mortgage-related Securities [Member] | Mortgage commitment derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 13,779,000,000 34,545,000,000
Derivatives asset, estimated fair value 116,000,000 103,000,000
Derivative Liabilities [Abstract]    
Notional amount 41,496,000,000 12,557,000,000
Derivative liability, estimated fair value (1,212,000,000) (23,000,000)
Forward Contracts to Sell Mortgage-related Securities [Member] | Mortgage commitment derivatives [Member]
   
Asset Derivatives [Abstract]    
Notional amount 71,885,000,000 18,886,000,000
Derivatives asset, estimated fair value 2,051,000,000 26,000,000
Derivative Liabilities [Abstract]    
Notional amount 19,614,000,000 75,477,000,000
Derivative liability, estimated fair value $ (161,000,000) $ (266,000,000)
[1] Represents the effect of the 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 and accrued interest.
[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.
[3] 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.