Fair Value (Tables)

3 Months Ended

Mar. 31, 2018

Recurring Changes in Fair Value [Table Text Block]

The following tables display our assets and liabilities measured in our condensed consolidated balance sheets at fair value on a recurring basis subsequent to initial recognition, including instruments for which we have elected the fair value option.



	Fair Value Measurements as of March 31, 2018
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Netting Adjustment⁽¹⁾				Estimated Fair Value
	(Dollars in millions)
Recurring fair value measurements:
Assets:
Trading securities:
Mortgage-related securities:
Fannie Mae		$	—		$	1,656		$	83		$	—			$	1,739
Other agency		—			2,347			—			—				2,347
Alt-A and subprime private-label securities		—			2,745			—			—				2,745
CMBS		—			8			—			—				8
Mortgage revenue bonds		—			—			1			—				1
Non-mortgage-related securities:
U.S. Treasury securities		33,160			—			—			—				33,160
Other securities		—			97			—			—				97
Total trading securities		33,160			6,853			84			—				40,097
Available-for-sale securities:
Mortgage-related securities:
Fannie Mae		—			1,784			202			—				1,986
Other agency		—			327			—			—				327
Alt-A and subprime private-label securities		—			644			27			—				671
CMBS		—			5			—			—				5
Mortgage revenue bonds		—			—			539			—				539
Other		—			9			351			—				360
Total available-for-sale securities		—			2,769			1,119			—				3,888
Mortgage loans		—			8,993			1,102			—				10,095
Other assets:
Risk management derivatives:
Swaps		—			2,406			108			—				2,514
Swaptions		—			243			—			—				243
Other		—			—			25			—				25
Netting adjustment		—			—			—			(2,744		)		(2,744		)
Mortgage commitment derivatives		—			275			2			—				277
Total other assets		—			2,924			135			(2,744		)		315
Total assets at fair value		$	33,160		$	21,539		$	2,440		$	(2,744	)		$	54,395



	Fair Value Measurements as of March 31, 2018
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Netting Adjustment⁽¹⁾				Estimated Fair Value
		(Dollars in millions)
Liabilities:
Long-term debt:
Of Fannie Mae:
Senior floating		$	—		$	7,503		$	357		$	—			$	7,860
Total of Fannie Mae		—			7,503			357			—				7,860
Of consolidated trusts		—			28,175			462			—				28,637
Total long-term debt		—			35,678			819			—				36,497
Other liabilities:
Risk management derivatives:
Swaps		—			2,697			—			—				2,697
Swaptions		—			322			—			—				322
Other		—			—			1			—				1
Netting adjustment		—			—			—			(2,867		)		(2,867		)
Mortgage commitment derivatives		—			509			1			—				510
Total other liabilities		—			3,528			2			(2,867		)		663
Total liabilities at fair value		$	—		$	39,206		$	821		$	(2,867	)		$	37,160



	Fair Value Measurements as of December 31, 2017
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Netting Adjustment⁽¹⁾				Estimated Fair Value
		(Dollars in millions)
Assets:
Trading securities:
Mortgage-related securities:
Fannie Mae		$	—		$	2,905		$	971		$	—			$	3,876
Other agency		—			1,083			35			—				1,118
Alt-A and subprime private-label securities		—			259			194			—				453
CMBS		—			9			—			—				9
Mortgage revenue bonds		—			—			1			—				1
Non-mortgage-related securities:
U.S. Treasury securities		29,222			—			—			—				29,222
Total trading securities		29,222			4,256			1,201			—				34,679
Available-for-sale securities:
Mortgage-related securities:
Fannie Mae		—			1,911			208			—				2,119
Other agency		—			357			—			—				357
Alt-A and subprime private-label securities		—			1,237			77			—				1,314
CMBS		—			15			—			—				15
Mortgage revenue bonds		—			—			671			—				671
Other		—			10			357			—				367
Total available-for-sale securities		—			3,530			1,313			—				4,843
Mortgage loans		—			9,480			1,116			—				10,596
Other assets:
Risk management derivatives:
Swaps		—			4,035			146			—				4,181
Swaptions		—			108			—			—				108
Other		—			—			22			—				22
Netting adjustment		—			—			—			(4,272		)		(4,272		)
Mortgage commitment derivatives		—			131			1			—				132
Total other assets		—			4,274			169			(4,272		)		171
Total assets at fair value		$	29,222		$	21,540		$	3,799		$	(4,272	)		$	50,289



	Fair Value Measurements as of December 31, 2017
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Netting Adjustment⁽¹⁾				Estimated Fair Value
		(Dollars in millions)
Liabilities:
Long-term debt:
Of Fannie Mae:
Senior floating		$	—		$	7,810		$	376		$	—			$	8,186
Total of Fannie Mae		—			7,810			376			—				8,186
Of consolidated trusts		—			29,911			582			—				30,493
Total long-term debt		—			37,721			958			—				38,679
Other liabilities:
Risk management derivatives:
Swaps		—			4,721			33			—				4,754
Swaptions		—			324			—			—				324
Other		—			—			1			—				1
Netting adjustment		—			—			—			(4,979		)		(4,979		)
Mortgage commitment derivatives		—			227			1			—				228
Total other liabilities		—			5,272			35			(4,979		)		328
Total liabilities at fair value		$	—		$	42,993		$	993		$	(4,979	)		$	39,007

__________


⁽¹⁾	Derivative contracts are reported on a gross basis by level. 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.

Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Table Text Block]

The following tables display a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). The tables also display gains and losses due to changes in fair value, including realized and unrealized gains and losses, recognized in our condensed consolidated statements of operations and comprehensive income for Level 3 assets and liabilities. When assets and liabilities are transferred between levels, we recognize the transfer as of the end of the period.



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	For the Three Months Ended March 31, 2018
																															Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2018⁽⁵⁾⁽⁶⁾
				Total Gains (Losses) (Realized/Unrealized)
	Balance, December 31, 2017			Included in Net Income				Included in Total Other Comprehensive Income (Loss)⁽¹⁾				Purchases⁽²⁾		Sales⁽²⁾			Issues⁽³⁾		Settlements⁽³⁾			Transfers out of Level 3⁽⁴⁾			Transfers into Level 3			Balance, March 31, 2018
	(Dollars in millions)
Trading securities:
Mortgage-related:
Fannie Mae	$	971		$	171				$	—		$	1	$	(1,060	)	$	—	$	—		$	—		$	—		$	83			$	1
Other agency	35			(1		)			—			—		—			—		(1		)	(33		)	—			—				—
Alt-A and subprime private-label securities	194			(85		)			—			—		—			—		(5		)	(104		)	—			—				—
Mortgage revenue bonds	1			—					—			—		—			—		—			—			—			1				—
Total trading securities	$	1,201		$	85		⁽⁶⁾⁽⁷⁾		$	—		$	1	$	(1,060	)	$	—	$	(6	)	$	(137	)	$	—		$	84			$	1
Available-for-sale securities:
Mortgage-related:
Fannie Mae	$	208		$	—				$	(4	)	$	—	$	—		$	—	$	(2	)	$	—		$	—		$	202			$	—
Alt-A and subprime private-label securities	77			—					(45		)	—		—			—		(1		)	(4		)	—			27				—
Mortgage revenue bonds	671			11					(13		)	—		(11		)	—		(119		)	—			—			539				—
Other	357			7					(2		)	—		—			—		(11		)	—			—			351				—
Total available-for-sale securities	$	1,313		$	18		⁽⁷⁾⁽⁸⁾		$	(64	)	$	—	$	(11	)	$	—	$	(133	)	$	(4	)	$	—		$	1,119			$	—
Mortgage loans	$	1,116		$	17		⁽⁶⁾⁽⁷⁾		$	—		$	—	$	—		$	—	$	(48	)	$	(36	)	$	53		$	1,102			$	11
Net derivatives	134			(58		)	⁽⁶⁾		—			—		—			—		4			53			—			133				(22		)
Long-term debt:
Of Fannie Mae:
Senior floating	$	(376	)	$	19				$	—		$	—	$	—		$	—	$	—		$	—		$	—		$	(357	)		$	19
Of consolidated trusts	(582		)	3					—			—		—			1		10			154			(48		)	(462		)		1
Total long-term debt	$	(958	)	$	22		⁽⁶⁾		$	—		$	—	$	—		$	1	$	10		$	154		$	(48	)	$	(819	)		$	20



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	For the Three Months Ended March 31, 2017
																																Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2017⁽⁵⁾⁽⁶⁾
				Total Gains (Losses) (Realized/Unrealized)
	Balance, December 31, 2016			Included in Net Income				Included in Total Other Comprehensive Income (Loss)⁽¹⁾				Purchases⁽²⁾		Sales⁽²⁾			Issues⁽³⁾			Settlements⁽³⁾			Transfers out of Level 3			Transfers into Level 3			Balance, March 31, 2017
	(Dollars in millions)
Trading securities:
Mortgage-related:
Fannie Mae	$	835		$	3				$	—		$	—	$	—		$	—		$	(3	)	$	(1	)	$	22		$	856			$	3
Alt-A and subprime private-label securities	271			8					—			—		—			—			(7		)	—			—			272				8
Mortgage revenue bonds	21			—					—			—		—			—			(1		)	—			—			20				—
Total trading securities	$	1,127		$	11		⁽⁶⁾⁽⁷⁾		$	—		$	—	$	—		$	—		$	(11	)	$	(1	)	$	22		$	1,148			$	11
Available-for-sale securities:
Mortgage-related:
Fannie Mae	$	230		$	1				$	1		$	—	$	—		$	—		$	(4	)	$	(26	)	$	30		$	232			$	—
Other agency	5			—					—			—		(1		)	—			—			(4		)	—			—				—
Alt-A and subprime private-label securities	217			—					6			—		—			—			(18		)	—			—			205				—
Mortgage revenue bonds	1,272			1					(1		)	—		(12		)	—			(75		)	—			—			1,185				—
Other	429			—					5			—		—			—			(17		)	—			—			417				—
Total available-for-sale securities	$	2,153		$	2		⁽⁷⁾⁽⁸⁾		$	11		$	—	$	(13	)	$	—		$	(114	)	$	(30	)	$	30		$	2,309			$	—
Mortgage loans	$	1,197		$	8		⁽⁶⁾⁽⁷⁾		$	—		$	—	$	—		$	—		$	(62	)	$	(46	)	$	52		$	1,149			$	(1	)
Net derivatives	44			73			⁽⁶⁾		—			—		—			—			(8		)	5			(1		)	113				(9		)
Long-term debt:
Of Fannie Mae:
Senior floating	$	(347	)	$	(3	)			$	—		$	—	$	—		$	—		$	—		$	—		$	—		$	(350	)		$	(3	)
Of consolidated trusts	(241		)	1					—			—		—			(2		)	7			66			(45		)	(214		)		1
Total long-term debt	$	(588	)	$	(2	)	⁽⁶⁾		$	—		$	—	$	—		$	(2	)	$	7		$	66		$	(45	)	$	(564	)		$	(2	)

__________


⁽¹⁾	Gains (losses) included in other comprehensive income (loss) are included in “Changes in unrealized gains on AFS securities, net of reclassification adjustments and taxes” in our 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. During the first quarter of 2018, includes the dissolution of a Fannie Mae-wrapped private-label securities trust.


⁽³⁾	Issues and settlements include activity related to the consolidation and deconsolidation of liabilities of securitization trusts.

⁽⁴⁾

Transfers out of Level 3 during the first quarter of 2018 consisted primarily of mortgage loans of consolidated trusts for which unobservable inputs used in valuations became less significant. Transfers out of Level 3 also included private-label mortgage-related securities backed by Alt-A loans and subprime loans. Prices for these securities were available from multiple third-party vendors and demonstrated an increased and sustained level of observability over time.


⁽⁵⁾	Amount represents temporary changes in fair value. Amortization, accretion and OTTI are not considered unrealized and are not included in this amount.


⁽⁶⁾	Gains (losses) are included in “Fair value gains (losses), net” in our condensed consolidated statements of operations and comprehensive income.


⁽⁷⁾	Gains (losses) are included in “Net interest income” in our condensed consolidated statements of operations and comprehensive income.


⁽⁸⁾	Gains (losses) are included in “Investment gains (losses), net” in our condensed consolidated statements of operations and comprehensive income.

Valuation Techniques and Significant Unobservable Inputs for Level 3 Assets and Liabilities [Table Text Block]

The following tables display valuation techniques and the range and the weighted average of significant unobservable inputs for our Level 3 assets and liabilities measured at fair value on a recurring basis.



	Fair Value Measurements as of March 31, 2018
	Fair Value		Significant Valuation Techniques	Significant Unobservable Inputs⁽¹⁾	Range⁽¹⁾			Weighted - Average⁽¹⁾
	(Dollars in millions)
Recurring fair value measurements:
Trading securities:
Mortgage-related securities:
Agency⁽²⁾	$	83	Various
Mortgage revenue bonds	1		Various
Total trading securities	$	84
Available-for-sale securities:
Mortgage-related securities:
Agency⁽²⁾	$	133	Single Vendor	Prepayment Speed (%)	100.0	-	168.0	132.3
				Spreads (bps)	150.0	-	210.0	176.8
	69		Various
Total Agency	202
Alt-A and subprime private-label securities	27		Various
Mortgage revenue bonds	428		Single Vendor	Spreads (bps)	1.5	-	322.4	55.0
	111		Various
Total mortgage revenue bonds	539
Other	297		Discounted Cash Flow	Default Rate (%)	3.0			3.0
				Prepayment Speed (%)	1.4			1.4
				Severity (%)	50.0			50.0
				Spreads (bps)	58.9	-	563.0	560.9
	54		Various
Total other	351
Total available-for-sale securities	$	1,119
Net derivatives	107		Dealer Mark
	26		Various
Total net derivatives	$	133



	Fair Value Measurements as of December 31, 2017
	Fair Value		Significant Valuation Techniques	Significant Unobservable Inputs⁽¹⁾	Range⁽¹⁾				Weighted - Average⁽¹⁾
	(Dollars in millions)
Recurring fair value measurements:
Trading securities:
Mortgage-related securities:
Agency⁽²⁾	$	971	Single Vendor	Prepayment Speed (%)	0.0		-	177.0	160.0
				Spreads (bps)	51.5		-	375.0	200.1
	35		Various
Total agency	1,006
Alt-A and subprime private-label securities	154		Consensus
	40		Various
Total Alt-A and subprime private-label securities	194
Mortgage revenue bonds	1		Various
Total trading securities	$	1,201
Available-for-sale securities:
Mortgage-related securities:
Agency⁽²⁾	$	112	Single Vendor	Prepayment Speed (%)	0.0		-	175.7	147.1
				Spreads (bps)	150.0		-	210.0	182.3
	96		Various
Total agency	208
Alt-A and subprime private-label securities	77		Various
Mortgage revenue bonds	475		Single Vendor	Spreads (bps)	(17.0	)	-	248.0	39.0
	196		Various
Total mortgage revenue bonds	671
Other	325		Discounted Cash Flow	Prepayment Speed (%)	1.6		-	2.5	2.5
				Severity (%)	50.0		-	88.0	86.6
				Spreads (bps)	84.8		-	607.0	577.9
	32		Various
Total other	357
Total available-for-sale securities	$	1,313
Net derivatives	$	113	Dealer Mark
	21		Various
Total net derivatives	$	134

_________

⁽¹⁾

Valuation techniques for which no unobservable inputs are disclosed generally reflect the use of third-party pricing services or dealers, and the range of unobservable inputs applied by these sources is not readily available or cannot be reasonably estimated. Where we have disclosed unobservable inputs for consensus and single vendor techniques, those inputs are based on our validations performed at the security level using discounted cash flows. The prepayment speed used for trading agency securities and available-for-sale agency securities is the Public Securities Association prepayment speed, which can be greater than 100%. For all other securities, the Conditional Prepayment Rate is used as the prepayment speed, which can be between 0% and 100%.


⁽²⁾	Includes Fannie Mae and Freddie Mac securities.

Level 3 Assets Measured on Nonrecurring Basis [Table Text Block]

The following table displays valuation techniques for our Level 3 assets measured at fair value on a nonrecurring basis. The significant unobservable inputs related to these techniques primarily relate to collateral dependent valuations. The related ranges and weighted averages are not meaningful when aggregated as they vary significantly from property to property.



		Fair Value Measurements as of
	Valuation Techniques	March 31, 2018			December 31, 2017
		(Dollars in millions)
Nonrecurring fair value measurements:
Mortgage loans held for sale, at lower of cost or fair value	Single Vendor		$	4,035		$	1,880
	Consensus		1,944			1,113
Total mortgage loans held for sale, at lower of cost or fair value			5,979			2,993
Single-family mortgage loans held for investment, at amortized cost	Internal Model		838			1,623
Multifamily mortgage loans held for investment, at amortized cost	Asset Manager Estimate		88			163
	Various		12			32
Total multifamily mortgage loans held for investment, at amortized cost			100			195
Acquired property, net:⁽¹⁾
Single-family	Accepted Offers		217			218
	Appraisals		371			438
	Walk Forwards		161			222
	Internal Model		248			319
	Various		70			113
Total single-family			1,067			1,310
Multifamily	Various		14			19
Other assets	Various		—			2
Total nonrecurring assets at fair value			$	7,998		$	6,142

__________

⁽¹⁾

The most commonly used techniques in our valuation of acquired property are proprietary home price model and third-party valuations (both current and walk forward). Based on the number of properties measured as of March 31, 2018, these methodologies comprised approximately 73% of our valuations, while accepted offers comprised approximately 21% of our valuations. Based on the number of properties measured as of December 31, 2017, these methodologies comprised approximately 77% of our valuations, while accepted offers comprised approximately 18% of our valuations.

Fair Value of Financial Instruments [Table Text Block]

The following table displays the carrying value and estimated fair value of our financial instruments. The fair value of financial instruments we disclose includes commitments to purchase multifamily and single-family mortgage loans that we do not record in our condensed consolidated balance sheets. The fair values of these commitments are included as “Mortgage loans held for investment, net of allowance for loan losses.” The disclosure excludes all non-financial instruments; therefore, the fair value of our financial assets and liabilities does not represent the underlying fair value of our total consolidated assets and liabilities.



	As of March 31, 2018
	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustment			Estimated Fair Value
	(Dollars in millions)
Financial assets:
Cash and cash equivalents and restricted cash	$	37,360	$	37,360	$	—	$	—	$	—		$	37,360
Federal funds sold and securities purchased under agreements to resell or similar arrangements	39,701		—		39,701		—		—			39,701
Trading securities	40,097		33,160		6,853		84		—			40,097
Available-for-sale securities	3,888		—		2,769		1,119		—			3,888
Mortgage loans held for sale	11,366		—		854		11,263		—			12,117
Mortgage loans held for investment, net of allowance for loan losses	3,186,420		—		2,894,286		260,346		—			3,154,632
Advances to lenders	3,834		—		3,832		2		—			3,834
Derivative assets at fair value	315		—		2,924		135		(2,744		)	315
Guaranty assets and buy-ups	156		—		—		428		—			428
Total financial assets	$	3,323,137	$	70,520	$	2,951,219	$	273,377	$	(2,744	)	$	3,292,372
Financial liabilities:
Federal funds purchased and securities sold under agreements to repurchase	$	451	$	—	$	451	$	—	$	—		$	451
Short-term debt:
Of Fannie Mae	34,506		—		34,510		—		—			34,510
Of consolidated trusts	378		—		—		377		—			377
Long-term debt:
Of Fannie Mae	230,895		—		235,458		824		—			236,282
Of consolidated trusts	3,074,693		—		2,978,606		40,355		—			3,018,961
Derivative liabilities at fair value	663		—		3,528		2		(2,867		)	663
Guaranty obligations	169		—		—		188		—			188
Total financial liabilities	$	3,341,755	$	—	$	3,252,553	$	41,746	$	(2,867	)	$	3,291,432



	As of December 31, 2017
	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustment			Estimated Fair Value
	(Dollars in millions)
Financial assets:
Cash and cash equivalents and restricted cash	$	60,260	$	35,060	$	25,200	$	—	$	—		$	60,260
Federal funds sold and securities purchased under agreements to resell or similar arrangements	19,470		—		19,470		—		—			19,470
Trading securities	34,679		29,222		4,256		1,201		—			34,679
Available-for-sale securities	4,843		—		3,530		1,313		—			4,843
Mortgage loans held for sale	4,988		—		101		5,333		—			5,434
Mortgage loans held for investment, net of allowance for loan losses	3,173,537		—		2,886,470		315,719		—			3,202,189
Advances to lenders	4,938		—		4,936		2		—			4,938
Derivative assets at fair value	171		—		4,274		169		(4,272		)	171
Guaranty assets and buy-ups	149		—		—		436		—			436
Total financial assets	$	3,303,035	$	64,282	$	2,948,237	$	324,173	$	(4,272	)	$	3,332,420
Financial liabilities:
Short-term debt:
Of Fannie Mae	$	33,377	$	—	$	33,379	$	—	$	—		$	33,379
Of consolidated trusts	379		—		—		378		—			378
Long-term debt:
Of Fannie Mae	243,375		—		249,780		837		—			250,617
Of consolidated trusts	3,052,923		—		3,014,250		40,683		—			3,054,933
Derivative liabilities at fair value	328		—		5,272		35		(4,979		)	328
Guaranty obligations	258		—		—		456		—			456
Total financial liabilities	$	3,330,640	$	—	$	3,302,681	$	42,389	$	(4,979	)	$	3,340,091

Fair Value Option [Table Text Block]

The following table displays the fair value and unpaid principal balance of the financial instruments for which we have made fair value elections.



	As of
	March 31, 2018									December 31, 2017
	Loans⁽¹⁾			Long-Term Debt of Fannie Mae			Long-Term Debt of Consolidated Trusts			Loans⁽¹⁾			Long-Term Debt of Fannie Mae			Long-Term Debt of Consolidated Trusts
	(Dollars in millions)
Fair value		$	10,095		$	7,860		$	28,637		$	10,596		$	8,186		$	30,493
Unpaid principal balance		9,932			7,052			26,286			10,246			7,368			27,717

__________

⁽¹⁾

Includes nonaccrual loans with a fair value of $213 million and $227 million as of March 31, 2018 and December 31, 2017, respectively. The difference between unpaid principal balance and the fair value of these nonaccrual loans as of March 31, 2018 and December 31, 2017 was $36 million and $46 million, respectively. Includes loans that are 90 days or more past due with a fair value of $158 million and $159 million as of March 31, 2018 and December 31, 2017, respectively. The difference between unpaid principal balance and the fair value of these 90 or more days past due loans as of March 31, 2018 and December 31, 2017 was $28 million and $34 million, respectively.

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

+ References + Details