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Derivative Instruments (Tables)
 9 Months Ended
Sep. 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 September 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
$
6,324

 
$
19

 
$
127,859

 
$
(11,071
)
 
$
33,154

 
$
267

 
$
123,106

 
$
(6,920
)
Receive-fixed
99,254

 
5,218

 
70,551

 
(146
)
 
59,796

 
3,436

 
143,209

 
(753
)
Basis
1,764

 
198

 
15,700

 
(21
)
 
1,864

 
141

 
17,100

 
(15
)
Foreign currency
225

 
75

 
227

 
(82
)
 
295

 
95

 
258

 
(52
)
Swaptions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay-fixed
6,175

 
36

 
6,850

 
(13
)
 
7,050

 
45

 
14,950

 
(26
)
Receive-fixed
1,625

 
7

 
6,600

 
(157
)
 
2,000

 
8

 
13,950

 
(171
)
Other(1)
9,371

 
22

 
—

 
(1
)
 
9,196

 
28

 
—

 
(2
)
Total gross risk management derivatives
124,738

 
5,575

 
227,787

 
(11,491
)
 
113,355

 
4,020

 
312,573

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

 
720

 
—

 
(1,097
)
 
—

 
758

 
—

 
(977
)
Netting adjustment(2)
—

 
(6,154
)
 
—

 
12,423

 
—

 
(4,024
)
 
—

 
8,650

Total net risk management derivatives
$
124,738

 
$
141

 
$
227,787

 
$
(165
)
 
$
113,355

 
$
754

 
$
312,573

 
$
(266
)
Mortgage commitment derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage commitments to purchase whole loans
$
10,820

 
$
31

 
$
4,568

 
$
(6
)
 
$
4,815

 
$
9

 
$
2,960

 
$
(9
)
Forward contracts to purchase mortgage-related securities
66,637

 
280

 
18,467

 
(29
)
 
31,273

 
66

 
19,418

 
(57
)
Forward contracts to sell mortgage-related securities
18,666

 
38

 
117,252

 
(502
)
 
26,224

 
65

 
40,753

 
(92
)
Total mortgage commitment derivatives
$
96,123

 
$
349

 
$
140,287

 
$
(537
)
 
$
62,312

 
$
140

 
$
63,131

 
$
(158
)
Derivatives at fair value
$
220,861

 
$
490

 
$
368,074

 
$
(702
)
 
$
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 $6.7 billion and $4.9 billion as of September 30, 2016 and December 31, 2015, respectively. Cash collateral received was $419 million and $314 million as of September 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 Nine Months
 
Ended September 30,
 
Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(Dollars in millions)
Risk management derivatives:
 
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
 
Pay-fixed
$
1,386

 
$
(4,402
)
 
$
(6,044
)
 
$
(3,120
)
Receive-fixed
(1,020
)
 
2,295

 
3,338

 
2,236

Basis
2

 
37

 
51

 
25

Foreign currency
(6
)
 
(20
)
 
(37
)
 
(33
)
Swaptions:
 
 
 
 
 
 
 
Pay-fixed
(3
)
 
32

 
26

 
137

Receive-fixed
10

 
(102
)
 
(126
)
 
(181
)
Other
(7
)
 
22

 
153

 
20

Net accrual of periodic settlements
(295
)
 
(266
)
 
(855
)
 
(694
)
Total risk management derivatives fair value gains (losses), net
$
67

 
$
(2,404
)
 
$
(3,494
)
 
$
(1,610
)
Mortgage commitment derivatives fair value losses, net
(216
)
 
(361
)
 
(945
)
 
(427
)
Total derivatives fair value losses, net
$
(149
)
 
$
(2,765
)
 
$
(4,439
)
 
$
(2,037
)