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Fair Value - Level 3 Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 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 September 30, 2024(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024(4)(5) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023(4)(5)
Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance $ 461 $ 591 $ 514 $ 634
Total gains (losses) (realized/unrealized) included in net income 0 1 2 7
Total gains (losses) (realized/unrealized) Included in OCI (loss) 6 (19) 7 (13)
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (19) (42) (74) (97)
Transfers out of Level 3 0 (117) (1) (118)
Transfers into Level 3 0 1 0 2
Ending Balance 448 415 448 415
Net unrealized gain (losses) related to assets 5 (12) 6 (6)
Mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 425 510 477 543
Total gains (losses) (realized/unrealized) included in net income 18 (2) 15 1
Total gains (losses) (realized/unrealized) Included in OCI (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 (6) 0
Issues 0 0 0 0
Settlements (14) (19) (47) (64)
Transfers out of Level 3 (8) (15) (47) (30)
Transfers into Level 3 9 17 38 41
Ending Balance 430 491 430 491
Net unrealized gain (losses) related to assets 9 (4) 8 (4)
Net derivatives        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 94 12 77 (37)
Total gains (losses) (realized/unrealized) included in net income (19) 28 (31) 60
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 5 (1) 34 16
Transfers out of Level 3 0 0 0 0
Transfers into Level 3 0 0 0 0
Ending Balance 80 39 80 39
Net unrealized gain (losses) related to assets (14) 26 3 76
Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (380) (381) (385) (378)
Total gains (losses) (realized/unrealized) included in net income (18) 17 (21) 3
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 5 4 12 15
Transfers out of Level 3 0 52 1 52
Transfers into Level 3 (1) (1) (1) (1)
Ending Balance (394) (309) (394) (309)
Net unrealized gain (losses) related to liabilities (17) 16 (21) 3
Fannie Mae | Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (270) (256) (268) (242)
Total gains (losses) (realized/unrealized) included in net income (14) 16 (16) 2
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 (284) (240) (284) (240)
Net unrealized gain (losses) related to liabilities (14) 16 (16) 2
Consolidated Trusts | Long-term debt:        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance (110) (125) (117) (136)
Total gains (losses) (realized/unrealized) included in net income (4) 1 (5) 1
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 5 4 12 15
Transfers out of Level 3 0 52 1 52
Transfers into Level 3 (1) (1) (1) (1)
Ending Balance (110) (69) (110) (69)
Net unrealized gain (losses) related to liabilities (3) 0 (5) 1
Mortgage-related | Total trading securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 32 28 26 47
Total gains (losses) (realized/unrealized) included in net income 2 (4) 1 (12)
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 (2) (4) (5) (15)
Transfers into Level 3 3 4 13 4
Ending Balance 35 24 35 24
Net unrealized gain (losses) related to assets 2 (4) 1 (9)
Agency securities | Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 315 356 331 371
Total gains (losses) (realized/unrealized) included in net income 1 0 1 1
Total gains (losses) (realized/unrealized) Included in OCI (loss) 6 (19) 6 (18)
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (9) (8) (25) (25)
Transfers out of Level 3 0 (117) 0 (117)
Transfers into Level 3 0 0 0 0
Ending Balance 313 212 313 212
Net unrealized gain (losses) related to assets 4 (12) 5 (10)
Other mortgage-related | Total available-for-sale securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning Balance 146 235 183 263
Total gains (losses) (realized/unrealized) included in net income (1) 1 1 6
Total gains (losses) (realized/unrealized) Included in OCI (loss) 0 0 1 5
Purchases 0 0 0 0
Sales 0 0 0 0
Issues 0 0 0 0
Settlements (10) (34) (49) (72)
Transfers out of Level 3 0 0 (1) (1)
Transfers into Level 3 0 1 0 2
Ending Balance 135 203 135 203
Net unrealized gain (losses) related to assets $ 1 $ 0 $ 1 $ 4