XML 105 R72.htm IDEA: XBRL DOCUMENT v3.24.2
Fair Value - Level 3 Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag Total long-term debt Total long-term debt Total long-term debt Total long-term debt
Fair Value, Recurring Basis, Unobservable Input, Reconciliation, Liability Gain (Loss), Statement Of Income, Extensible List, Not Disclosed Flag Included in Net Income Included in Net Income Included in Net Income Included in Net Income
Fair Value, Recurring Basis, Unobservable Input, Reconciliation, Asset Gain (Loss), Statement Of Income, Extensible List, Not Disclosed Flag Included in Net Income Included in Net Income Included in Net Income Included in Net Income
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2024(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2023(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2024(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2023(4)(5)
Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance $ 487 $ 622 $ 514 $ 634
Total gains (losses) (realized/unrealized) included in net income 1 4 2 6
Total gains (losses) (realized/unrealized) Included in OCI (loss) (8) 3 1 6
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (18) (37) (55) (55)
Transfers out of Level 3 (1) (1) (1) (1)
Transfers into Level 3 0 0 0 1
Ending Balance 461 591 461 591
Net unrealized gain (losses) related to assets (6) 3 0 4
Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 470 526 477 543
Total gains (losses) (realized/unrealized) included in net income (4) (4) (3) 3
Total gains (losses) (realized/unrealized) Included in OCI (loss) 0 0 0 0
Purchases 0 0 0 0
Sales (2) 0 (6) 0
Issues 0 0 0 0
Settlements (16) (20) (33) (45)
Transfers out of Level 3 (30) (6) (39) (15)
Transfers into Level 3 7 14 29 24
Ending Balance 425 510 425 510
Net unrealized gain (losses) related to assets (1) (5) (1) 1
Net derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 69 (38) 77 (37)
Total gains (losses) (realized/unrealized) included in net income 0 38 (12) 32
Total gains (losses) (realized/unrealized) Included in OCI (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 25 12 29 17
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 94 12 94 12
Net unrealized gain (losses) related to assets 24 51 17 49
Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (387) (383) (385) (378)
Total gains (losses) (realized/unrealized) included in net income 3 (4) (3) (14)
Total gains (losses) (realized/unrealized) included in OCI (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 3 6 7 11
Transfers out of Level 3 1 0 1 0
Transfers into Level 3 0 0 0 0
Ending Balance (380) (381) (380) (381)
Net unrealized gain (losses) related to liabilities 3 (4) (3) (14)
Fannie Mae | Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (273) (250) (268) (242)
Total gains (losses) (realized/unrealized) included in net income 3 (6) (2) (14)
Total gains (losses) (realized/unrealized) included in OCI (loss) 0 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 0 0 0
Ending Balance (270) (256) (270) (256)
Net unrealized gain (losses) related to liabilities 3 (6) (2) (14)
Consolidated Trusts | Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (114) (133) (117) (136)
Total gains (losses) (realized/unrealized) included in net income 0 2 (1) 0
Total gains (losses) (realized/unrealized) included in OCI (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements 3 6 7 11
Transfers out of Level 3 1 0 1 0
Transfers into Level 3 0 0 0 0
Ending Balance (110) (125) (110) (125)
Net unrealized gain (losses) related to liabilities 0 2 (1) 0
Mortgage-related | Total trading securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 28 32 26 47
Total gains (losses) (realized/unrealized) included in net income 0 (2) (1) (8)
Total gains (losses) (realized/unrealized) Included in OCI (loss) 0 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 (3) (2) (3) (11)
Transfers into Level 3 7 0 10 0
Ending Balance 32 28 32 28
Net unrealized gain (losses) related to assets 0 (1) (1) (5)
Agency securities | Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 323 362 331 371
Total gains (losses) (realized/unrealized) included in net income 0 1 0 1
Total gains (losses) (realized/unrealized) Included in OCI (loss) (1) 2 0 1
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (7) (9) (16) (17)
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 315 356 315 356
Net unrealized gain (losses) related to assets 0 2 0 1
Other mortgage-related | Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 164 260 183 263
Total gains (losses) (realized/unrealized) included in net income 1 3 2 5
Total gains (losses) (realized/unrealized) Included in OCI (loss) (7) 1 1 5
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (11) (28) (39) (38)
Transfers out of Level 3 (1) (1) (1) (1)
Transfers into Level 3 0 0 0 1
Ending Balance 146 235 146 235
Net unrealized gain (losses) related to assets $ (6) $ 1 $ 0 $ 3