Fannie Mae 2010 Annual Report Download - page 380
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Balance,
January 1,
2009
Included in
Net Loss
Included in
Other
Comprehensive
Loss
Purchases,
Sales,
Issuances,
and
Settlements,
Net
Transfers
in/out of
Level 3,
Net
(3)
Balance,
December 31,
2009
Net Unrealized
Gains (Losses)
Included in Net
Loss Related to
Assets and
Liabilities Still
Held as of
December 31,
2009
(2)
Total Gains or (Losses)
(Realized/Unrealized)
For the Year Ended December 31, 2009
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(Dollars in millions)
Trading securities:
Mortgage-related:
Fannie Mae ................ $ 6,935 $ 278 $ — $(1,277) $ (280) $ 5,656 $274
Alt-A private-label securities. . . . . 1,118 57 — (154) (457) 564 (25)
Subprime private-label securities . . 2,318 (83) — (455) — 1,780 (74)
Mortgage revenue bonds ....... 695 (75) — (20) — 600 (75)
Other . . . ................. 167 (1) — (12) — 154 (1)
Non-mortgage-related:
Asset-backed securities . ....... 1,475 (38) — (108) (1,222) 107 2
Corporate debt securities ....... 57 3 — (116) 56 — —
Total trading securities ............ $12,765 $ 141 $ — $(2,142) $(1,903) $ 8,861 $101
Available-for-sale securities:
Mortgage-related:
Fannie Mae ................ $ 5,609 $ (47) $ 191 $ (569) $(4,588) $ 596 $ —
Freddie Mac . . . ............ 80 3 (6) (21) (29) 27 —
Ginnie Mae ................ 190 — 1 (7) (61) 123 —
Alt-A private-label securities. . . . . 11,675 (1,717) 2,192 (1,554) (2,284) 8,312 —
Subprime private-label securities . . 14,318 (5,290) 4,862 (3,144) — 10,746 —
Mortgage revenue bonds ....... 12,456 (16) 1,349 (969) — 12,820 —
Other . . . ................. 3,509 (81) 651 (549) — 3,530 —
Total available-for-sale securities . . . . . $47,837 $(7,148) $9,240 $(6,813) $(6,962) $36,154 $ —
Guaranty assets and buy-ups . ....... 1,083 466 243 785 — 2,577 783
Net derivatives ................. 310 (42) — (48) (97) 123 3
Long-term debt ................ (2,898) (18) — 1,791 524 (601) (49)
F-122
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)