Fannie Mae 2010 Annual Report Download - page 382

Trading
Securities
Available-for-Sale
Securities
Net
Derivatives
Long-term
Debt
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
For the Year Ended December 31, 2009
(Dollars in millions)
Realized and unrealized gains (losses) included in net loss . . . . $ (6) $ 62 $ (2) $—
Unrealized gains included in other comprehensive loss . . . . . . . — 174 — —
Total gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (6) $ 236 $ (2) $—
Amount of Level 3 transfers in . . . . . . . . . . . . . . . . . . . . . . . $1,136 $7,877 $107 $—
Trading
Securities
Available-for-Sale
Securities
Net
Derivatives
Long-term
Debt
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
For the Year Ended December 31, 2008
(Dollars in millions)
Realized and unrealized gains (losses) included in net loss . . . . $ (679) $ (2,014) $18 $ (35)
Unrealized losses included in other comprehensive loss . . . . . . — (2,261) — —
Total gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (679) $ (4,275) $18 $ (35)
Amount of Level 3 transfers in . . . . . . . . . . . . . . . . . . . . . . . $10,189 $55,621 $18 $(531)
The following tables display realized and unrealized gains and losses included in our consolidated statements
of operations for the years ended December 31, 2010, 2009 and 2008, for our Level 3 assets and liabilities
measured in our consolidated balance sheets at fair value on a recurring basis.
Interest
Income
Fair Value
Gains
(Losses), net
Net
Other-than-
Temporary
Impairments Other Total
For the Year Ended December 31, 2010
(Dollars in millions)
Total realized and unrealized gains (losses) included in net
loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $319 $416 $(480) $40 $295
Net unrealized gains related to Level 3 assets and liabilities still
held as of December 31, 2010 . . . . . . . . . . . . . . . . . . . . . . . $ — $ 93 $ — $— $ 93
Interest
Income
Investments
in Securities
Guaranty
Fee
Income
Fair Value
Gain
(Losses), net
Net
Other-than-
Temporary
Impairments Total
For the Year Ended December 31, 2009
(Dollars in millions)
Total realized and unrealized gains (losses) included
in net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $545 $466 $94 $(7,706) $(6,601)
Net unrealized gains related to Level 3 assets and
liabilities still held as of December 31, 2009 . . . . . $ — $783 $55 $ — $ 838
F-124
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)