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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2013 and 2012.

 
December 31, 2013
 
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
$
68,637

 
$
5,378

 
$
93,428

 
$
(4,759
)
 
$
19,450

 
$
270

 
$
239,017

 
$
(18,237
)
Receive-fixed
67,527

 
3,320

 
156,250

 
(3,813
)
 
231,346

 
10,514

 
57,190

 
(200
)
Basis
27,014

 
36

 
600

 
—

 
23,199

 
151

 
1,700

 
—

Foreign currency
389

 
120

 
653

 
(38
)
 
686

 
193

 
509

 
(45
)
Swaptions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay-fixed
33,400

 
445

 
48,025

 
(600
)
 
33,050

 
102

 
36,225

 
(184
)
Receive-fixed
8,000

 
117

 
48,025

 
(484
)
 
15,970

 
3,572

 
36,225

 
(2,279
)
Other(1)
769

 
28

 
13

 
(1
)
 
7,374

 
26

 
13

 
(1
)
Total gross risk management derivatives
205,736

 
9,444

 
346,994

 
(9,695
)
 
331,075

 
14,828

 
370,879

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

 
786

 
—

 
(930
)
 
—

 
1,242

 
—

 
(1,508
)
Netting adjustment(2)
—

 
(8,422
)
 
—

 
9,370

 
—

 
(15,791
)
 
—

 
22,046

Total net risk management derivatives
$
205,736

 
$
1,808

 
$
346,994

 
$
(1,255
)
 
$
331,075

 
$
279

 
$
370,879

 
$
(408
)
Mortgage commitment derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage commitments to purchase whole loans
$
1,138

 
$
1

 
$
4,353

 
$
(31
)
 
$
12,360

 
$
27

 
$
5,232

 
$
(8
)
Forward contracts to purchase mortgage-related securities
3,276

 
4

 
20,861

 
(168
)
 
34,545

 
103

 
12,557

 
(23
)
Forward contracts to sell mortgage-related securities
35,423

 
260

 
7,886

 
(15
)
 
18,886

 
26

 
75,477

 
(266
)
Total mortgage commitment derivatives
$
39,837

 
$
265

 
$
33,100

 
$
(214
)
 
$
65,791

 
$
156

 
$
93,266

 
$
(297
)
Derivatives at fair value
$
245,573

 
$
2,073

 
$
380,094

 
$
(1,469
)
 
$
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 $2.0 billion and $6.3 billion as of December 31, 2013 and 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 these contracts. Cash collateral received was $1.0 billion as of December 31, 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 years ended December 31, 2013, 2012 and 2011.
 
For the Year Ended December 31,
 
2013
 
2012
 
2011
 
(Dollars in millions)
Risk management derivatives:
 
 
 
 
 
Swaps:
 
 
 
 
 
Pay-fixed
$
14,393

 
$
(2,254
)
 
$
(12,633
)
Receive-fixed
(10,721
)
 
1,102

 
4,784

Basis
(115
)
 
78

 
60

Foreign currency
(101
)
 
59

 
120

Swaptions:
 
 
 
 
 
Pay-fixed
(238
)
 
132

 
860

Receive-fixed
307

 
410

 
2,932

Other(1)
21

 
(35
)
 
(75
)
Accrual of periodic settlements:
 
 
 
 
 
Pay-fixed interest-rate swaps
(4,463
)
 
(4,427
)
 
(5,407
)
Received-fixed interest-rate swaps
3,632

 
2,950

 
3,155

Basis
44

 
21

 
26

Foreign-currency swaps
16

 
16

 
36

Other(1)
4

 
10

 
3

Total risk management derivatives fair value gains (losses), net
$
2,779

 
$
(1,938
)
 
$
(6,139
)
Mortgage commitment derivatives fair value gains (losses), net
501

 
(1,688
)
 
(423
)
Total derivatives fair value gains (losses), net
$
3,280

 
$
(3,626
)
 
$
(6,562
)
__________
(1) 
Includes interest rate caps, futures, swap credit enhancements and mortgage insurance contracts.