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Fair Value - Level 3 Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total trading securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets $ 1 $ 5 $ 2 $ (8)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 109 162 95 46
Total gains (losses) (realized/unrealized) Included in Net Income (4) 7 (5) (2)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 3 0 3 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 (3) 0 (3)
Transfers out of Level 3 (32) (34) (40) (46)
Transfers into Level 3 65 4 88 141
Ending Balance 141 136 141 136
Total trading securities | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 1 0 2 (8)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 109 68 94 45
Total gains (losses) (realized/unrealized) Included in Net Income (4) 0 (5) (9)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 3 0 3 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 0 0 0
Transfers out of Level 3 (32) (34) (39) (45)
Transfers into Level 3 65 4 88 47
Ending Balance 141 38 141 38
Total trading securities | Other agency        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets     0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance     1 1
Total gains (losses) (realized/unrealized) Included in Net Income     0 0
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss)     0 0
Purchases     0 0
Sales     0 0
Issues     0 0
Settlements     0 0
Transfers out of Level 3     (1) (1)
Transfers into Level 3     0 0
Ending Balance 0 0 0 0
Total trading securities | Private-label and other mortgage securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets   5   0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance   94   0
Total gains (losses) (realized/unrealized) Included in Net Income   7   7
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss)   0   0
Purchases   0   0
Sales   0   0
Issues   0   0
Settlements   (3)   (3)
Transfers out of Level 3   0   0
Transfers into Level 3   0   94
Ending Balance   98   98
Total available-for-sale securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 611 768 648 792
Total gains (losses) (realized/unrealized) Included in Net Income 5 (3) 8 (17)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 4 (3) 2 2
Purchases 0 0 0 342
Sales 0 0 0 (342)
Issues 0 0 0 0
Settlements (61) (48) (99) (77)
Transfers out of Level 3 (107) 0 (107) 0
Transfers into Level 3 0 266 0 280
Ending Balance 452 980 452 980
Total available-for-sale securities | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 189 188 195 171
Total gains (losses) (realized/unrealized) Included in Net Income 1 0 1 0
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 5 (4) 2 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (4) (2) (7) (3)
Transfers out of Level 3 (107) 0 (107) 0
Transfers into Level 3 0 264 0 278
Ending Balance 84 446 84 446
Total available-for-sale securities | Private-label and other mortgage securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 1 0 2 0
Total gains (losses) (realized/unrealized) Included in Net Income 0 0 0 0
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 1 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 0 0 0
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 2 0 2
Ending Balance 2 2 2 2
Total available-for-sale securities | Mortgage revenue bonds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 191 296 216 315
Total gains (losses) (realized/unrealized) Included in Net Income 0 0 0 (3)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) (1) 1 (2) 3
Purchases 0 0 0 74
Sales 0 0 0 (74)
Issues 0 0 0 0
Settlements (18) (19) (42) (37)
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 172 278 172 278
Total available-for-sale securities | Other        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 230 284 235 306
Total gains (losses) (realized/unrealized) Included in Net Income 4 (3) 7 (14)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) (1) 0 2 (1)
Purchases 0 0 0 268
Sales 0 0 0 (268)
Issues 0 0 0 0
Settlements (39) (27) (50) (37)
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 194 254 194 254
Mortgage loans        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 22 12 28 (14)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 820 638 861 688
Total gains (losses) (realized/unrealized) Included in Net Income 21 15 29 (9)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 85 0 85 0
Sales (44) 0 (44) 0
Issues 0 0 0 0
Settlements (53) (25) (100) (54)
Transfers out of Level 3 (29) (21) (52) (44)
Transfers into Level 3 32 190 53 216
Ending Balance 832 797 832 797
Net derivatives        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 28 52 (139) 96
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 166 217 333 162
Total gains (losses) (realized/unrealized) Included in Net Income 7 49 (125) 90
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 21 3 (14) (1)
Transfers out of Level 3 0 0 0 18
Transfers into Level 3 0 0 0 0
Ending Balance 194 269 194 269
Long-term debt        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities (15) (26) 19 (56)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (440) (515) (499) (473)
Total gains (losses) (realized/unrealized) Included in Net Income (15) (27) (20) 57
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 4 27 8 30
Transfers out of Level 3 0 1 20 1
Transfers into Level 3 (1) (8) (1) (23)
Ending Balance (452) (522) (452) (522)
Long-term debt | Consolidated Trusts        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities 0 (2) 0 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (58) (83) (83) (75)
Total gains (losses) (realized/unrealized) Included in Net Income 0 (3) (1) (1)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 4 4 8 7
Transfers out of Level 3 0 1 20 1
Transfers into Level 3 (1) (8) (1) (23)
Ending Balance (55) (89) (55) (89)
Long-term debt | Total senior floating | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities (15) (24) 19 (58)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (382) (432) (416) (398)
Total gains (losses) (realized/unrealized) Included in Net Income 15 (24) 19 (58)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 0 23 0 23
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance (397) (433) (397) (433)
Other Comprehensive Income (Loss) | Total trading securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Other Comprehensive Income (Loss) | Total trading securities | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Other Comprehensive Income (Loss) | Total trading securities | Other agency        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets     0 0
Other Comprehensive Income (Loss) | Total trading securities | Private-label and other mortgage securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets   0   0
Other Comprehensive Income (Loss) | Total available-for-sale securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 4 (2) 7 4
Other Comprehensive Income (Loss) | Total available-for-sale securities | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 3 (3) 3 0
Other Comprehensive Income (Loss) | Total available-for-sale securities | Private-label and other mortgage securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 1 0 1 0
Other Comprehensive Income (Loss) | Total available-for-sale securities | Mortgage revenue bonds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 1 0 5
Other Comprehensive Income (Loss) | Total available-for-sale securities | Other        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 3 (1)
Other Comprehensive Income (Loss) | Mortgage loans        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Other Comprehensive Income (Loss) | Net derivatives        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Assets 0 0 0 0
Other Comprehensive Income (Loss) | Long-term debt        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities 0 0 0 0
Other Comprehensive Income (Loss) | Long-term debt | Consolidated Trusts        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities 0 0 0 0
Other Comprehensive Income (Loss) | Long-term debt | Total senior floating | Fannie Mae        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Net Unrealized Gain (Losses) Related to Liabilities $ 0 $ 0 $ 0 $ 0