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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2016
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, 2016
 
As of December 31, 2015
 
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
$
325

 
$
1

 
$
156,864

 
$
(13,141
)
 
$
33,154

 
$
267

 
$
123,106

 
$
(6,920
)
Receive-fixed
170,271

 
6,516

 
11,113

 
(5
)
 
59,796

 
3,436

 
143,209

 
(753
)
Basis
1,864

 
189

 
17,100

 
(15
)
 
1,864

 
141

 
17,100

 
(15
)
Foreign currency
222

 
80

 
233

 
(81
)
 
295

 
95

 
258

 
(52
)
Swaptions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay-fixed
6,880

 
36

 
2,350

 
(4
)
 
7,050

 
45

 
14,950

 
(26
)
Receive-fixed
—

 
—

 
3,430

 
(154
)
 
2,000

 
8

 
13,950

 
(171
)
Other(1)
9,749

 
27

 
136

 
(1
)
 
9,196

 
28

 
—

 
(2
)
Total gross risk management derivatives
189,311

 
6,849

 
191,226

 
(13,401
)
 
113,355

 
4,020

 
312,573

 
(7,939
)
Accrued interest receivable (payable)
—

 
819

 
—

 
(1,045
)
 
—

 
758

 
—

 
(977
)
Netting adjustment(2)
—

 
(7,530
)
 
—

 
14,269

 
—

 
(4,024
)
 
—

 
8,650

Total net risk management derivatives
$
189,311

 
$
138

 
$
191,226

 
$
(177
)
 
$
113,355

 
$
754

 
$
312,573

 
$
(266
)
Mortgage commitment derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage commitments to purchase whole loans
$
13,157

 
$
99

 
$
29

 
$
—

 
$
4,815

 
$
9

 
$
2,960

 
$
(9
)
Forward contracts to purchase mortgage-related securities
75,635

 
533

 
4,024

 
(9
)
 
31,273

 
66

 
19,418

 
(57
)
Forward contracts to sell mortgage-related securities
1,935

 
5

 
117,407

 
(949
)
 
26,224

 
65

 
40,753

 
(92
)
Total mortgage commitment derivatives
$
90,727

 
$
637

 
$
121,460

 
$
(958
)
 
$
62,312

 
$
140

 
$
63,131

 
$
(158
)
Derivatives at fair value
$
280,038

 
$
775

 
$
312,686

 
$
(1,135
)
 
$
175,667

 
$
894

 
$
375,704

 
$
(424
)
__________
(1) 
Includes credit risk transfer transactions, futures, swap credit enhancements and mortgage insurance contracts that we account for as derivatives.
(2) 
The netting adjustment represents the effect of the legal right to offset under legally enforceable master netting arrangements to settle with the same counterparty on a net basis, including cash collateral posted and received. Cash collateral posted was $7.1 billion and $4.9 billion as of June 30, 2016 and December 31, 2015, respectively. Cash collateral received was $345 million and $314 million as of June 30, 2016 and December 31, 2015, respectively.
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 Months
 
For the Six Months
 
Ended June 30,
 
Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(Dollars in millions)
Risk management derivatives:
 
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
 
Pay-fixed
$
(2,257
)
 
$
4,351

 
$
(7,430
)
 
$
1,282

Receive-fixed
1,371

 
(1,906
)
 
4,358

 
(59
)
Basis
14

 
(44
)
 
49

 
(12
)
Foreign currency
(34
)
 
16

 
(31
)
 
(13
)
Swaptions:
 
 
 
 
 
 
 
Pay-fixed
4

 
14

 
29

 
105

Receive-fixed
(19
)
 
80

 
(136
)
 
(79
)
Other
22

 
(4
)
 
160

 
(2
)
Net accrual of periodic settlements
(291
)
 
(199
)
 
(560
)
 
(428
)
Total risk management derivatives fair value gains (losses), net
$
(1,190
)
 
$
2,308

 
$
(3,561
)
 
$
794

Mortgage commitment derivatives fair value gains (losses), net
(367
)
 
173

 
(729
)
 
(66
)
Total derivatives fair value gains (losses), net
$
(1,557
)
 
$
2,481

 
$
(4,290
)
 
$
728