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Selected Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:                      
Trading securities $ 162 $ 177 $ 219 $ 316 $ 350 $ 418 $ 432 $ 427 $ 874 $ 1,627 $ 1,336
Available-for-sale securities 22 19 26 31 37 40 45 53 98 175 230
Mortgage loans interest income 24,561 25,810 27,007 28,938 28,929 29,072 29,511 29,862 106,316 117,374 115,029
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell or similar arrangements 11 14 14 107 145 178 257 263 146 843 742
Other 43 33 25 34 43 47 41 32 135 163 136
Total interest income 24,799 26,053 27,291 29,426 29,504 29,755 30,286 30,637 107,569 120,182 117,473
Interest expense:                      
Short-term debt interest expense (7) (19) (54) (102) (132) (125) (119) (125) (182) (501) (468)
Long-term debt interest expense (17,706) (19,378) (21,460) (23,977) (23,450) (24,282) (24,940) (25,716) (82,521) (98,388) (95,732)
Total interest expense (17,713) (19,397) (21,514) (24,079) (23,582) (24,407) (25,059) (25,841) (82,703) (98,889) (96,200)
Net interest income 7,086 6,656 5,777 5,347 5,922 5,348 5,227 4,796 24,866 21,293 21,273
Benefit (provision) for credit losses 1,416 501 (12) (2,583) 279 1,857 1,225 650 (678) 4,011 3,309
Net interest income after benefit (provision) for credit losses 8,502 7,157 5,765 2,764 6,201 7,205 6,452 5,446 24,188 25,304 24,582
Investment gains (losses), net 263 653 149 (158) 923 253 461 133 907 1,770 952
Fair value gains (losses), net (880) (327) (1,018) (276) 84 (713) (754) (831) (2,501) (2,214) 1,121
Fee and other income 159 93 90 120 131 188 113 134 462 566 555
Non-interest income (loss) (458) 419 (779) (314) 1,138 (272) (180) (564) (1,132) 122 2,628
Salaries and employee benefits (393) (386) (382) (393) (363) (361) (376) (386) (1,554) (1,486) (1,451)
Professional services (248) (230) (231) (212) (268) (241) (233) (225) (921) (967) (1,032)
Other administrative expenses (162) (146) (141) (144) (155) (147) (135) (133) (593) (570) (576)
Total administrative expenses (803) (762) (754) (749) (786) (749) (744) (744) (3,068) (3,023) (3,059)
Foreclosed property expense (16) (71) (10) (80)         (177) (515) (617)
Foreclosed property expense         (151) (96) (128) (140) (177) (515) (617)
Temporary Payroll Cut Continuation Act of 2011 (TCCA) fees (697) (679) (660) (637) (626) (613) (600) (593) (2,673) (2,432) (2,284)
Credit Enhancement Expense (300) (325) (360) (376) (352) (290) (276) (216) (1,361) (1,134) (679)
Change in expected credit enhancement recoveries (180) (48) 273 188         233 0 0
Other expenses, net (339) (313) (261) (218) (194) (186) (203) (162) (1,131) (745) (472)
Total expenses (2,335) (2,198) (1,772) (1,872) (2,109) (1,934) (1,951) (1,855) (8,177) (7,849) (7,111)
Income before federal income taxes 5,709 5,378 3,214 578 5,230 4,999 4,321 3,027 14,879 17,577 20,099
Provision for federal income taxes (1,139) (1,149) (669) (117) (865) (1,036) (889) (627) (3,074) (3,417) (4,140)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 4,570 4,229 2,545 461 4,365 3,963 3,432 2,400 11,805 14,160 15,959
Dividends distributed or available for distribution to senior preferred stockholder (4,566) (4,216) (2,532) (476) (4,266) (3,977) (3,365) (2,361) (11,790) (13,969) (12,613)
Net income attributable to common stockholders $ 4 $ 13 $ 13 $ (15) $ 99 $ (14) $ 67 $ 39 $ 15 $ 191 $ 3,346
Earnings (loss) per share: Basic $ 0.00 $ 0.00 $ (0.00) $ (0.00) $ 0.02 $ 0.00 $ 0.01 $ 0.01 $ 0.00 $ 0.03 $ 0.58
Earnings (loss) per share: Diluted $ 0.00 $ 0.00 $ (0.00) $ (0.00) $ 0.02 $ 0.00 $ 0.01 $ 0.01 $ 0.00 $ 0.03 $ 0.57
Weighted-average common shares outstanding: Basic 5,867 5,867 5,867 5,867 5,762 5,762 5,762 5,762 5,867 5,762 5,762
Weighted-average common shares outstanding: Diluted 5,893 5,893 5,893 5,867 5,893 5,762 5,893 5,893 5,893 5,893 5,893