Fannie Mae 2013 Annual Report Download - page 312

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
F-88
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the Year Ended December 31, 2012
Total (Losses) or Gains (Realized/
Unrealized)
Net Unrealized
(Losses) Gains
Included in Net
Income (Loss)
Related to Assets
and Liabilities
Still Held as of
December 31,
2012(5)
Balance,
December 31,
2011
Included
in Net
Income
(Loss)
Included in Other
Comprehensive
Income (Loss)(1) Purchases(2) Sales(2) Issues(3) Settlements(3)
Transfers
out of
Level 3(4)
Transfers
into
Level 3(4)
Balance,
December 31,
2012
(Dollars in millions)
Trading securities:
Mortgage-related:
Fannie Mae. . . . . . . $ 1,737 $ (2) $ — $ — $ (33) $ — $ (118) $ (1,581) $ 65 $ 68 $ (6)
Freddie Mac . . . . . . — — — — — — — — 2 2 —
Ginnie Mae. . . . . . . 9 — — — — — — (9) 1 1 —
Alt-A private-label
securities . . . . . . 345 165 — — — — (111) (907) 612 104 39
Subprime private-
label securities. . 1,280 192 — — — — (153) — — 1,319 192
Mortgage revenue
bonds. . . . . . . . . 724 (29) — — — — (20) — — 675 (29)
Other. . . . . . . . . . . 143 (19) — — — — (7) — — 117 (19)
Total trading securities .$ 4,238 $ 307 $ — $ — $ (33) $ — $ (409) $ (2,497) $ 680 $ 2,286 $ 177
Available-for-sale
securities:
Mortgage-related:
Fannie Mae. . . . . . . $ 946 $ — $ (8) $ 43 $ (43) $ — $ (24) $ (895) $ 10 $ 29 $ —
Freddie Mac . . . . . . 12 — — — — — (2) — — 10 —
Alt-A private-label
securities . . . . . . 7,256 (87) 584 — — — (1,072) (3,325) 3,208 6,564 —
Subprime private-
label securities. . 7,586 (126) 1,280 — — — (1,293) — — 7,447 —
Mortgage revenue
bonds. . . . . . . . . 10,247 9 (23) 29 (76) — (2,349) — — 7,837 —
Other. . . . . . . . . . . 3,445 12 59 — — — (369) — — 3,147 —
Total available-for-sale
securities . . . . . . . . . $ 29,492 $ (192) $ 1,892 $ 72 $ (119) $ — $ (5,109) $ (4,220) $ 3,218 $ 25,034 $ —
Mortgage loans of
consolidated trusts . . $ 2,319 $ 235 $ — $ 935 $ — $ — $ (411) $ (562) $ 118 $ 2,634 $ 159
Net derivatives. . . . . . . . 65 (23) — — — (8) (20) — — 14 (9)
Long-term debt:
Of Fannie Mae:
Senior floating . . . . $ (406) $ (21) $ — $ — $ — $ — $ 27 $ — $ — $ (400) $ (21)
Of consolidated trusts.(765) (180) — — — (523) 233 474 (367) (1,128) (158)
Total long-term debt . . . $ (1,171) $ (201) $ — $ — $ — $ (523) $ 260 $ 474 $ (367) $ (1,528) $ (179)