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Fair Value Level 3 Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total Gains or (Losses) (realized/unrealized) Included in Net Income $ 298 $ 266 $ 1,133 $ 549
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end (69) (97) (397) (331)
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 79 62 219 187
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 0 0 0 0
Fair Value Gains, 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 185 181 620 342
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end (69) (97) (397) (331)
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 (5) (11) (69) (20)
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 39 34 363 40
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 0 0 0 0
Trading securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2,669 2,959 2,774 2,286
Total Gains or (Losses) (realized/unrealized) Included in Net Income 122 97 496 384
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] (50) [2] (264) [2] (50) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (59) [3] (92) [3] (216) [3] (235) [3]
Transfers out of Level 3 (16) [4] (231) [4] (200) [4] (437) [4]
Transfers into Level 3 412 [4] 2 [4] 538 [4] 737 [4]
Ending Balance 3,128 2,685 3,128 2,685
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 116 [5] 69 [5] 449 [5] 346 [5]
Trading securities [Member] | Fannie Mae [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 0 52 42 68
Total Gains or (Losses) (realized/unrealized) Included in Net Income 0 (2) (1) (8)
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 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] (4) [3] (2) [3] (14) [3]
Transfers out of Level 3 0 [4] 0 [4] (39) [4] 0 [4]
Transfers into Level 3 325 [4] 0 [4] 325 [4] 0 [4]
Ending Balance 325 46 325 46
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 0 [5] (2) [5] 0 [5] (8) [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
Total Gains or (Losses) (realized/unrealized) Included in Net Income   0 0 0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income   0 [1] 0 [1] 0 [1]
Purchases   0 [2] 0 [2] 0 [2]
Sales   0 [2] 0 [2] 0 [2]
Issues   0 [3] 0 [3] 0 [3]
Settlements   (1) [3] 0 [3] (1) [3]
Transfers out of Level 3   0 [4] (2) [4] 0 [4]
Transfers into Level 3   0 [4] 0 [4] 0 [4]
Ending Balance 0 1 0 1
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end   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   1
Total Gains or (Losses) (realized/unrealized) Included in Net Income   0   0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income   0 [1]   0 [1]
Purchases   0 [2]   0 [2]
Sales   0 [2]   0 [2]
Issues   0 [3]   0 [3]
Settlements   0 [3]   (1) [3]
Transfers out of Level 3   (2) [4]   (2) [4]
Transfers into Level 3   2 [4]   4 [4]
Ending Balance   2   2
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end   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 643 703 618 104
Total Gains or (Losses) (realized/unrealized) Included in Net Income 2 88 105 215
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] 0 [2] (23) [2] 0 [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (21) [3] (42) [3] (59) [3] (97) [3]
Transfers out of Level 3 (16) [4] (229) [4] (159) [4] (435) [4]
Transfers into Level 3 87 [4] 0 [4] 213 [4] 733 [4]
Ending Balance 695 520 695 520
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 3 [5] 63 [5] 100 [5] 183 [5]
Trading securities [Member] | Subprime private-label securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 1,282 1,488 1,448 1,319
Total Gains or (Losses) (realized/unrealized) Included in Net Income 66 12 245 251
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] (50) [2] (241) [2] (50) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (32) [3] (39) [3] (136) [3] (109) [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 1,316 1,411 1,316 1,411
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 66 [5] 10 [5] 209 [5] 245 [5]
Trading securities [Member] | Mortgage revenue bonds [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 643 603 565 675
Total Gains or (Losses) (realized/unrealized) Included in Net Income 53 (3) 137 (72)
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 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 (3) [3] (5) [3] (9) [3] (8) [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 693 595 693 595
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 46 [5] (4) [5] 130 [5] (72) [5]
Trading securities [Member] | Other [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 101 109 99 117
Total Gains or (Losses) (realized/unrealized) Included in Net Income 1 2 10 (2)
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 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 (3) [3] (1) [3] (10) [3] (5) [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 99 110 99 110
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 1 [5] 2 [5] 10 [5] (2) [5]
Available-for-sale securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 16,810 24,340 19,012 25,034
Total Gains or (Losses) (realized/unrealized) Included in Net Income 109 88 505 213
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 226 [1] 184 [1] 831 [1] 1,377 [1]
Purchases 0 [2] 312 [2] 0 [2] 312 [2]
Sales (329) [2] (3,932) [2] (2,056) [2] (3,951) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (850) [3] (1,106) [3] (2,603) [3] (3,712) [3]
Transfers out of Level 3 (337) [4] (1,151) [4] (1,217) [4] (3,130) [4]
Transfers into Level 3 268 [4] 244 [4] 1,425 [4] 2,836 [4]
Ending Balance 15,897 18,979 15,897 18,979
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 2 10 7 29
Total Gains or (Losses) (realized/unrealized) Included in Net Income 0 0 0 0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] (1) [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] (2) [3] (1) [3] (6) [3]
Transfers out of Level 3 (2) [4] 0 [4] (8) [4] (14) [4]
Transfers into Level 3 0 [4] 0 [4] 2 [4] 0 [4]
Ending Balance 0 8 0 8
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 9 8 10
Total Gains or (Losses) (realized/unrealized) Included in Net Income 0 0 0 0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] (1) [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] (1) [3]
Transfers out of Level 3 (2) [4] (1) [4] (2) [4] (1) [4]
Transfers into Level 3 0 [4] 1 [4] 1 [4] 2 [4]
Ending Balance 6 9 6 9
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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   0   0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income   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 related to assets and liabilities still held at period end   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 3,717 7,008 3,791 6,564
Total Gains or (Losses) (realized/unrealized) Included in Net Income 15 120 131 140
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income (60) [1] (55) [1] (11) [1] 412 [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales 0 [2] (2,663) [2] (320) [2] (2,663) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (111) [3] (263) [3] (310) [3] (932) [3]
Transfers out of Level 3 (333) [4] (1,150) [4] (1,207) [4] (3,115) [4]
Transfers into Level 3 268 [4] 242 [4] 1,422 [4] 2,833 [4]
Ending Balance 3,496 3,239 3,496 3,239
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 5,705 7,862 7,068 7,447
Total Gains or (Losses) (realized/unrealized) Included in Net Income 87 (25) 388 65
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 89 [1] 327 [1] 270 [1] 1,238 [1]
Purchases 0 [2] 312 [2] 0 [2] 312 [2]
Sales (317) [2] (1,269) [2] (1,666) [2] (1,269) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (178) [3] (242) [3] (674) [3] (828) [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 5,386 6,965 5,386 6,965
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 4,560 6,400 5,253 7,837
Total Gains or (Losses) (realized/unrealized) Included in Net Income (4) (10) (31) 0
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 200 [1] (83) [1] 480 [1] (365) [1]
Purchases 0 [2] 0 [2] 0 [2] 0 [2]
Sales (12) [2] 0 [2] (70) [2] (19) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (478) [3] (508) [3] (1,366) [3] (1,654) [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 4,266 5,799 4,266 5,799
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 2,817 3,051 2,885 3,147
Total Gains or (Losses) (realized/unrealized) Included in Net Income 11 3 17 8
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income (3) [1] (5) [1] 92 [1] 94 [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 (82) [3] (91) [3] (251) [3] (291) [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 2,743 2,958 2,743 2,958
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end 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 2,531 2,961 2,704 2,634
Total Gains or (Losses) (realized/unrealized) Included in Net Income 116 187 243 244
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 0 [1] 0 [1] 0 [1] 0 [1]
Purchases 3 [2] 52 [2] 34 [2] 295 [2]
Sales 0 [2] (393) [2] 0 [2] (393) [2]
Issues 0 [3] 0 [3] 0 [3] 0 [3]
Settlements (93) [3] (114) [3] (259) [3] (348) [3]
Transfers out of Level 3 (750) [4] (192) [4] (1,063) [4] (281) [4]
Transfers into Level 3 64 [4] 135 [4] 212 [4] 485 [4]
Ending Balance 1,871 2,636 1,871 2,636
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end (13) [5] 19 [5] 49 [5] 18 [5]
Net derivatives [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 20 (49) (40) 14
Total Gains or (Losses) (realized/unrealized) Included in Net Income (25) 2 52 (127)
Total Gains or (Losses) (realized/unrealized) Included in Other Comprehensive Income 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 (9) [3] 21 [3] (25) [3] 75 [3]
Transfers out of Level 3 0 [4] 0 [4] (1) [4] 16 [4]
Transfers into Level 3 5 [4] 0 [4] 5 [4] (4) [4]
Ending Balance (9) (26) (9) (26)
Net unrealized gains (losses) included in net income related to assets and liabilities still held at period end (9) [5] (7) [5] 14 [5] (38) [5]
Long-term debt [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (823) (1,414) (1,473) (1,528)
Total (Losses) Gains (Realized/Unrealized) Included in Net Loss (24) (108) (163) (165)
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] (751) [3] (20) [3]
Settlements 15 [3] 405 [3] 70 [3] 510 [3]
Transfers out of Level 3 34 [4] 234 [4] 1,565 [4] 404 [4]
Transfers into Level 3 (26) [4] (6) [4] (72) [4] (90) [4]
Ending Balance (824) (889) (824) (889)
Net Unrealized (Loss) Gain Included in Net Loss Related to Liabilities Still Held at period end (25) [5] 16 [5] (115) [5] 5 [5]
Long-term debt [Member] | Consolidated Trusts [Member]
       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (498) (1,077) (518) (1,128)
Total (Losses) Gains (Realized/Unrealized) Included in Net Loss (14) (121) (48) (241)
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] (1) [3] (20) [3]
Settlements 16 [3] 405 [3] 51 [3] 510 [3]
Transfers out of Level 3 34 [4] 234 [4] 100 [4] 404 [4]
Transfers into Level 3 (26) [4] (6) [4] (72) [4] (90) [4]
Ending Balance (488) (565) (488) (565)
Net Unrealized (Loss) Gain Included in Net Loss Related to Liabilities Still Held at period end (14) [5] 3 [5] (45) [5] (71) [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 (325) (337) (955) (400)
Total (Losses) Gains (Realized/Unrealized) Included in Net Loss (10) 13 (115) 76
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] (750) [3] 0 [3]
Settlements (1) [3] 0 [3] 19 [3] 0 [3]
Transfers out of Level 3 0 [4] 0 [4] 1,465 [4] 0 [4]
Transfers into Level 3 0 [4] 0 [4] 0 [4] 0 [4]
Ending Balance (336) (324) (336) (324)
Net Unrealized (Loss) Gain Included in Net Loss Related to Liabilities Still Held at period end $ (11) [5] $ 13 [5] $ (70) [5] $ 76 [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 private-label mortgage-related securities backed by Alt-A loans, mortgage loans of consolidated trusts and credit risk sharing securities issued under our Connecticut Avenue Securities series. Prices for these securities were obtained from multiple third-party vendors or dealers 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.