XML 114 R100.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value FV Measurement 2 - Level 3 Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 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) $ (266) $ (141) $ (549) $ 25
Net unrealized gains (losses) included in net income (loss) related to assets still held (97) (99) (331) (94)
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) (62) (60) (187) (205)
Net unrealized gains (losses) included in net income (loss) related to assets still held 0 0 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) (181) (117) (342) (237)
Net unrealized gains (losses) included in net income (loss) related to assets still held (97) (99) (331) (94)
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) 11 37 20 476
Net unrealized gains (losses) included in net income (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) (34) (1) (40) (9)
Net unrealized gains (losses) included in net income (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 2,959 2,305 2,286 4,238
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 97 85 384 130
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 (50) [2] 0 [2] (50) [2] (33) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (92) [3] (67) [3] (235) [3] (330) [3]
Transfers out of Level 3 (231) [4] (54) [4] (437) [4] (2,060) [4]
Transfers Into Level 3 2 [4] 304 [4] 737 [4] 628 [4]
Ending Balance 2,685 2,573 2,685 2,573
Net unrealized gains (losses) included in net income (loss) related to assets still held 69 [5] 80 [5] 346 [5] 63 [5]
Trading securities [Member] | Fannie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 52 82 68 1,737
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (2) (1) (8) 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] (33) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (4) [3] (5) [3] (14) [3] (113) [3]
Transfers out of Level 3 0 [4] 0 [4] 0 [4] (1,581) [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 65 [4]
Ending Balance 46 76 46 76
Net unrealized gains (losses) included in net income (loss) related to assets still held (2) [5] (1) [5] (8) [5] (3) [5]
Trading securities [Member] | Freddie Mac [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2 2 2 0
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 (1) [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] 2 [4]
Ending Balance 1 2 1 2
Net unrealized gains (losses) included in net income (loss) related to assets still held 0 [5] 0 [5] 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 2 0 1 9
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 (2) [4] 0 [4] (2) [4] (9) [4]
Transfers Into Level 3 2 [4] 1 [4] 4 [4] 1 [4]
Ending Balance 2 1 2 1
Net unrealized gains (losses) included in net income (loss) related to assets still held 0 [5] 0 [5] 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 703 188 104 345
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 88 12 215 81
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] (19) [3] (97) [3] (86) [3]
Transfers out of Level 3 (229) [4] (54) [4] (435) [4] (470) [4]
Transfers Into Level 3 0 [4] 303 [4] 733 [4] 560 [4]
Ending Balance 520 430 520 430
Net unrealized gains (losses) included in net income (loss) related to assets still held 63 [5] 7 [5] 183 [5] 19 [5]
Trading securities [Member] | Subprime private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 1,488 1,226 1,319 1,280
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 12 78 251 100
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 (50) [2] 0 [2] (50) [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (39) [3] (39) [3] (109) [3] (115) [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 1,411 1,265 1,411 1,265
Net unrealized gains (losses) included in net income (loss) related to assets still held 10 [5] 78 [5] 245 [5] 99 [5]
Trading securities [Member] | Mortgage revenue bonds [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 603 689 675 724
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (3) (5) (72) (31)
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 (5) [3] (3) [3] (8) [3] (12) [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 595 681 595 681
Net unrealized gains (losses) included in net income (loss) related to assets still held (4) [5] (5) [5] (72) [5] (31) [5]
Trading securities [Member] | Other [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 109 118 117 143
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 2 1 (2) (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 (1) [3] (1) [3] (5) [3] (4) [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 110 118 110 118
Net unrealized gains (losses) included in net income (loss) related to assets still held 2 [5] 1 [5] (2) [5] (21) [5]
Available-for-sale securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 24,340 26,328 25,034 29,492
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 88 27 213 (253)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 184 [1] 670 [1] 1,377 [1] 1,403 [1]
Purchases 312 [2] 64 [2] 312 [2] 70 [2]
Sales (3,932) [2] (64) [2] (3,951) [2] (112) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (1,106) [3] (1,370) [3] (3,712) [3] (3,606) [3]
Transfers out of Level 3 (1,151) [4] (769) [4] (3,130) [4] (3,571) [4]
Transfers Into Level 3 244 [4] 954 [4] 2,836 [4] 2,417 [4]
Ending Balance 18,979 25,840 18,979 25,840
Net unrealized gains (losses) included in net income (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 10 34 29 946
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] (1) [1] (8) [1]
Purchases 0 [2] 35 [2] 0 [2] 41 [2]
Sales 0 [2] (35) [2] 0 [2] (41) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (2) [3] (2) [3] (6) [3] (21) [3]
Transfers out of Level 3 0 [4] 0 [4] (14) [4] (895) [4]
Transfers Into Level 3 0 [4] 0 [4] 0 [4] 10 [4]
Ending Balance 8 32 8 32
Net unrealized gains (losses) included in net income (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 9 11 10 12
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] (1) [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] (1) [3] (1) [3] (2) [3]
Transfers out of Level 3 (1) [4] 0 [4] (1) [4] 0 [4]
Transfers Into Level 3 1 [4] 0 [4] 2 [4] 0 [4]
Ending Balance 9 10 9 10
Net unrealized gains (losses) included in net income (loss) related to assets still held 0 [5] 0 [5] 0 [5] 0 [5]
Available-for-sale securities [Member] | Ginnie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 0   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 1 [4]   1 [4]  
Ending Balance 1   1  
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 7,008 6,456 6,564 7,256
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 120 5 140 (97)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) (55) [1] 179 [1] 412 [1] 472 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales (2,663) [2] 0 [2] (2,663) [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (263) [3] (263) [3] (932) [3] (800) [3]
Transfers out of Level 3 (1,150) [4] (769) [4] (3,115) [4] (2,676) [4]
Transfers Into Level 3 242 [4] 954 [4] 2,833 [4] 2,407 [4]
Ending Balance 3,239 6,562 3,239 6,562
Net unrealized gains (losses) included in net income (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 7,862 7,230 7,447 7,586
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (25) 27 65 (168)
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 327 [1] 434 [1] 1,238 [1] 940 [1]
Purchases 312 [2] 0 [2] 312 [2] 0 [2]
Sales (1,269) [2] 0 [2] (1,269) [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (242) [3] (319) [3] (828) [3] (986) [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 6,965 7,372 6,965 7,372
Net unrealized gains (losses) included in net income (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 6,400 9,353 7,837 10,247
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) (10) 2 0 5
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) (83) [1] 7 [1] (365) [1] (13) [1]
Purchases 0 [2] 29 [2] 0 [2] 29 [2]
Sales 0 [2] (29) [2] (19) [2] (71) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (508) [3] (693) [3] (1,654) [3] (1,528) [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 5,799 8,669 5,799 8,669
Net unrealized gains (losses) included in net income (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 3,051 3,244 3,147 3,445
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 3 (7) 8 7
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) (5) [1] 50 [1] 94 [1] 12 [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 (91) [3] (92) [3] (291) [3] (269) [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 2,958 3,195 2,958 3,195
Net unrealized gains (losses) included in net income (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 2,961 2,331 2,634 2,319
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 187 96 244 216
Total Gains or (Losses) (Realized/Unrealized) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 52 [2] 146 [2] 295 [2] 533 [2]
Sales (393) [2] 0 [2] (393) [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (114) [3] (123) [3] (348) [3] (292) [3]
Transfers out of Level 3 (192) [4] (60) [4] (281) [4] (404) [4]
Transfers Into Level 3 135 [4] 26 [4] 485 [4] 44 [4]
Ending Balance 2,636 2,416 2,636 2,416
Net unrealized gains (losses) included in net income (loss) related to assets still held 19 [5] 87 [5] 18 [5] 143 [5]
Net derivatives [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (49) 74 14 65
Total Gains or (Losses) (Realized/Unrealized) Included in Net Income (Loss) 2 (1) (127) 14
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] (2) [3] 0 [3] (8) [3]
Settlements 21 [3] (41) [3] 75 [3] (41) [3]
Transfers out of Level 3 0 [4] 0 [4] 16 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4] (4) [4] 0 [4]
Ending Balance (26) 30 (26) 30
Net unrealized gains (losses) included in net income (loss) related to assets still held (7) [5] (9) [5] (38) [5] 8 [5]
Long-term debt [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (1,414) (1,731) (1,528) (1,171)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (108) (66) (165) (132)
Total Gains or (Losses) 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] (38) [3] (20) [3] (523) [3]
Settlements 405 [3] 69 [3] 510 [3] 147 [3]
Transfers out of Level 3 234 [4] 62 [4] 404 [4] 172 [4]
Transfers Into Level 3 (6) [4] (152) [4] (90) [4] (349) [4]
Ending Balance (889) (1,856) (889) (1,856)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held 16 [5] (59) [5] 5 [5] (120) [5]
Long-term debt [Member] | Consolidated Trusts [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (1,077) (1,319) (1,128) (765)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (121) (47) (241) (107)
Total Gains or (Losses) 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] (38) [3] (20) [3] (523) [3]
Settlements 405 [3] 69 [3] 510 [3] 147 [3]
Transfers out of Level 3 234 [4] 62 [4] 404 [4] 172 [4]
Transfers Into Level 3 (6) [4] (152) [4] (90) [4] (349) [4]
Ending Balance (565) (1,425) (565) (1,425)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held 3 [5] (40) [5] (71) [5] (95) [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 (337) (412) (400) (406)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss 13 (19) 76 (25)
Total Gains or (Losses) 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] 0 [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] 0 [4]
Ending Balance (324) (431) (324) (431)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held $ 13 [5] $ (19) [5] $ 76 [5] $ (25) [5]
[1] (Losses) gains 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.