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Fair Value - Level 3 Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total trading securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance $ 141 $ 136 $ 95 $ 46
Total gains (losses) (realized/unrealized) Included in Net Income (13) (4) (18) (6)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 15 0 18 0
Sales 0 (95) 0 (95)
Issues 0 0 0 0
Settlements 0 0 0 (3)
Transfers out of Level 3 (51) (3) (91) (49)
Transfers into Level 3 37 27 125 168
Ending Balance 129 61 129 61
Net unrealized gain (losses) related to assets 0 0 1 (8)
Total trading securities | Fannie Mae        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 141 38 94 45
Total gains (losses) (realized/unrealized) Included in Net Income (13) 0 (18) (9)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 15 0 18 0
Sales 0 (1) 0 (1)
Issues 0 0 0 0
Settlements 0 0 0 0
Transfers out of Level 3 (51) (3) (90) (48)
Transfers into Level 3 37 26 125 73
Ending Balance 129 60 129 60
Net unrealized gain (losses) related to assets 0 0 1 (8)
Total trading securities | Other agency        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance   0 1 1
Total gains (losses) (realized/unrealized) Included in Net Income   0 0 0
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss)   0 0 0
Purchases   0 0 0
Sales   0 0 0
Issues   0 0 0
Settlements   0 0 0
Transfers out of Level 3   0 (1) (1)
Transfers into Level 3   1 0 1
Ending Balance 0 1 0 1
Net unrealized gain (losses) related to assets   0 0 0
Total trading securities | Private-label and other mortgage securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance   98   0
Total gains (losses) (realized/unrealized) Included in Net Income   (4)   3
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss)   0   0
Purchases   0   0
Sales   (94)   (94)
Issues   0   0
Settlements   0   (3)
Transfers out of Level 3   0   0
Transfers into Level 3   0   94
Ending Balance   0   0
Net unrealized gain (losses) related to assets   0   0
Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 452 980 648 792
Total gains (losses) (realized/unrealized) Included in Net Income 3 6 11 (11)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) (6) 7 (4) 9
Purchases 0 0 0 342
Sales 0 0 0 (342)
Issues 0 0 0 0
Settlements (29) (48) (128) (125)
Transfers out of Level 3 0 (218) (107) (218)
Transfers into Level 3 376 0 376 280
Ending Balance 796 727 796 727
Net unrealized gain (losses) related to assets 0 0 0 0
Total available-for-sale securities | Fannie Mae        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 84 446 195 171
Total gains (losses) (realized/unrealized) Included in Net Income 0 1 1 1
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 2 2 4 2
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (12) (9) (19) (12)
Transfers out of Level 3 0 (218) (107) (218)
Transfers into Level 3 376 0 376 278
Ending Balance 450 222 450 222
Net unrealized gain (losses) related to assets 0 0 0 0
Total available-for-sale securities | Private-label and other mortgage securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 2 2 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) (2) 0 (2) 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 0 0 2
Ending Balance 0 2 0 2
Net unrealized gain (losses) related to assets 0 0 0 0
Total available-for-sale securities | Mortgage revenue bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 172 278 216 315
Total gains (losses) (realized/unrealized) Included in Net Income 2 0 2 (3)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) (2) 0 (4) 3
Purchases 0 0 0 74
Sales 0 0 0 (74)
Issues 0 0 0 0
Settlements (8) (23) (50) (60)
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 164 255 164 255
Net unrealized gain (losses) related to assets 0 0 0 0
Total available-for-sale securities | Other        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 194 254 235 306
Total gains (losses) (realized/unrealized) Included in Net Income 1 5 8 (9)
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) (4) 5 (2) 4
Purchases 0 0 0 268
Sales 0 0 0 (268)
Issues 0 0 0 0
Settlements (9) (16) (59) (53)
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 182 248 182 248
Net unrealized gain (losses) related to assets 0 0 0 0
Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 832 797 861 688
Total gains (losses) (realized/unrealized) Included in Net Income 1 41 30 32
Total gains (losses) (realized/unrealized) Included in Other Comprehensive Income (Loss) 0 0 0 0
Purchases 4 0 89 0
Sales (4) (11) (48) (11)
Issues 0 0 0 0
Settlements (47) (39) (147) (93)
Transfers out of Level 3 (20) (31) (72) (75)
Transfers into Level 3 19 121 72 337
Ending Balance 785 878 785 878
Net unrealized gain (losses) related to assets 3 36 28 5
Net derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 194 269 333 162
Total gains (losses) (realized/unrealized) Included in Net Income (62) 380 (187) 470
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 7 (7) (7) (8)
Transfers out of Level 3 0 0 0 18
Transfers into Level 3 0 0 0 0
Ending Balance 139 642 139 642
Net unrealized gain (losses) related to assets (55) 372 (194) 468
Long-term debt        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (452) (522) (499) (473)
Total gains (losses) (realized/unrealized) Included in Net Income 6 (4) (26) 61
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 2 6 10 36
Transfers out of Level 3 0 1 20 2
Transfers into Level 3 (45) (1) (46) (24)
Ending Balance (489) (520) (489) (520)
Net unrealized gain (losses) related to liabilities 7 (4) 25 (60)
Long-term debt | Consolidated Trusts        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (55) (89) (83) (75)
Total gains (losses) (realized/unrealized) Included in Net Income 3 (1) 2 0
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 2 5 10 12
Transfers out of Level 3 0 1 20 2
Transfers into Level 3 (45) (1) (46) (24)
Ending Balance (101) (85) (101) (85)
Net unrealized gain (losses) related to liabilities (2) (1) (3) 1
Long-term debt | Total senior floating | Fannie Mae        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (397) (433) (416) (398)
Total gains (losses) (realized/unrealized) Included in Net Income (9) (3) 28 (61)
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 1 0 24
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance (388) (435) (388) (435)
Net unrealized gain (losses) related to liabilities 9 (3) 28 (61)
Other Comprehensive Income (Loss) | Total trading securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 0 0
Other Comprehensive Income (Loss) | Total trading securities | Fannie Mae        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 0 0
Other Comprehensive Income (Loss) | Total trading securities | Other agency        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets   0 0 0
Other Comprehensive Income (Loss) | Total trading securities | Private-label and other mortgage securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets   0   0
Other Comprehensive Income (Loss) | Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets (4) 4 (1) 8
Other Comprehensive Income (Loss) | Total available-for-sale securities | Fannie Mae        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 1 0
Other Comprehensive Income (Loss) | Total available-for-sale securities | Private-label and other mortgage securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 0 0
Other Comprehensive Income (Loss) | Total available-for-sale securities | Mortgage revenue bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets (2) 0 (2) 5
Other Comprehensive Income (Loss) | Total available-for-sale securities | Other        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets (2) 4 0 3
Other Comprehensive Income (Loss) | Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 0 0
Other Comprehensive Income (Loss) | Net derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to assets 0 0 0 0
Other Comprehensive Income (Loss) | Long-term debt        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to liabilities 0 0 0 0
Other Comprehensive Income (Loss) | Long-term debt | Consolidated Trusts        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
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, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net unrealized gain (losses) related to liabilities $ 0 $ 0 $ 0 $ 0