XML 93 R60.htm IDEA: XBRL DOCUMENT v3.25.1
Derivative Instruments - FV Gains and Losses (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net $ (335) $ 672  
Net contractual interest income (expense) on interest-rate swaps 7,001 7,023  
Interest income on mortgage loans 37,399 35,216  
Long-term debt (31,910) (29,580)  
Hedged asset, carrying amount 1,096,598   $ 1,109,445
Hedged asset, total basis adjustments (364)   (816)
Hedged asset, discontinued fair value, remaining adjustments (364)   (816)
Closed portfolio, amortized cost 161,901   813,536
Closed portfolio, designated UPB 21,033   26,825
Hedged liability, carrying amount (45,051)   (47,849)
Hedged liability, total basis adjustments 2,952   3,390
Hedged liability, discontinued fair value, remaining adjustments 2,952   $ 3,390
Pay-fixed      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (879) 1,362  
Receive-fixed      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net 1,015 (696)  
Basis      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net 12 1  
Foreign currency      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net 9 (8)  
Pay-fixed      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (14) 23  
Receive-fixed      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net 0 (4)  
Futures      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (1) 1  
Risk Management Derivatives      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (76) 480  
Net contractual interest income (expense) on interest-rate swaps (218) (199)  
Mortgage commitment derivatives fair value gains (losses), net      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (242) 207  
Credit enhancement derivatives fair value gains (losses), net      
Derivative Instruments, Gain (Loss) [Line Items]      
Total derivatives fair value gains (losses), net (17) (15)  
Interest rate risk on held-for-investment mortgage loan | Interest Income      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) in hedged item 436 (334)  
Discontinued hedge related basis adjustment amortization 16 8  
Change in unrealized gain (loss) in derivatives designated as hedging instruments (441) 309  
Interest accruals on hedging instruments 56 66  
Total effect of fair value hedges 67 49  
Interest rate risk on debt | Interest Expense      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) in hedged item (212) 428  
Discontinued hedge related basis adjustment amortization (226) (206)  
Change in unrealized gain (loss) in derivatives designated as hedging instruments 216 (355)  
Interest accruals on hedging instruments (23) (167)  
Total effect of fair value hedges $ (245) $ (300)