Fair Value Accounting (Fair Value Measured on Recurring Basis) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified |
Financial Assets- | ' | | ' | |
Trading securities | $3,142 | | $1,899 | |
Available-for-sale securities | 21,299 | | 21,536 | |
Derivative assets | 38 | | 35 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | 0 | | -75 | |
Consolidated obligation bonds | -3,408 | | -1,021 | |
Derivative liabilities | -57 | | -108 | |
Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Advances | 22,489 | | 23,586 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | -26,889 | | -31,089 | |
Consolidated obligation bonds | -39,769 | | -32,576 | |
Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Advances | 0 | | 0 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | 0 | | 0 | |
Consolidated obligation bonds | -66 | [1] | -69 | [1] |
Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 3,142 | | 1,899 | |
Available-for-sale securities | 21,226 | | 21,464 | |
Advances | 30 | | 30 | |
Derivative assets | 686 | [2] | 712 | [2] |
Total financial assets at fair value | 25,084 | | 24,105 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | ' | | -75 | |
Consolidated obligation bonds | -3,408 | | -1,021 | |
Derivative liabilities | -1,789 | [2] | -1,959 | [2] |
Total financial liabilities at fair value | -5,197 | | -3,055 | |
Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 73 | | 72 | |
Advances | 0 | | 0 | |
Derivative assets | 16 | [2] | 19 | [2] |
Total financial assets at fair value | 89 | | 91 | |
Level 3 as a percent of total assets at fair value | 0.40% | | 0.40% | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | ' | | 0 | |
Consolidated obligation bonds | -66 | [1] | -69 | [1] |
Derivative liabilities | 0 | | 0 | |
Total financial liabilities at fair value | -66 | | -69 | |
Level 3 as a percent of total liabilities at fair value | 1.90% | | 5.40% | |
Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
Advances | 0 | | 0 | |
Derivative assets | -664 | [3] | -696 | [3] |
Total financial assets at fair value | -664 | | -696 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | ' | | 0 | |
Consolidated obligation bonds | 0 | | 0 | |
Derivative liabilities | 1,732 | [3] | 1,851 | [3] |
Total financial liabilities at fair value | 1,732 | | 1,851 | |
Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 3,142 | | 1,899 | |
Available-for-sale securities | 21,299 | | 21,536 | |
Advances | 30 | | 30 | |
Derivative assets | 38 | | 35 | |
Total financial assets at fair value | 24,509 | | 23,500 | |
Financial Liabilities- | ' | | ' | |
Consolidated obligation discount notes | ' | | -75 | |
Consolidated obligation bonds | -3,474 | | -1,090 | |
Derivative liabilities | -57 | | -108 | |
Total financial liabilities at fair value | -3,531 | | -1,273 | |
U.S. Government & other government related | Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 3,069 | | 1,823 | |
Available-for-sale securities | 554 | | 588 | |
U.S. Government & other government related | Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
U.S. Government & other government related | Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
U.S. Government & other government related | Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 3,069 | | 1,823 | |
Available-for-sale securities | 554 | | 588 | |
FFELP ABS | Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 6,712 | | 6,803 | |
FFELP ABS | Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 0 | | 0 | |
FFELP ABS | Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 0 | | 0 | |
FFELP ABS | Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 6,712 | | 6,803 | |
GSE residential | Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 71 | | 74 | |
Available-for-sale securities | 11,325 | | 11,382 | |
GSE residential | Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
GSE residential | Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
GSE residential | Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 71 | | 74 | |
Available-for-sale securities | 11,325 | | 11,382 | |
Government-guaranteed residential | Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 2 | | 2 | |
Available-for-sale securities | 2,635 | | 2,691 | |
Government-guaranteed residential | Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
Government-guaranteed residential | Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 0 | | 0 | |
Available-for-sale securities | 0 | | 0 | |
Government-guaranteed residential | Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Trading securities | 2 | | 2 | |
Available-for-sale securities | 2,635 | | 2,691 | |
Private-label residential | Fair Value, Measurements, Recurring [Member] | Level 2 | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 0 | | 0 | |
Private-label residential | Fair Value, Measurements, Recurring [Member] | Level 3 | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 73 | | 72 | |
Private-label residential | Fair Value, Measurements, Recurring [Member] | Netting Adjustment | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | 0 | | 0 | |
Private-label residential | Fair Value, Measurements, Recurring [Member] | Fair Value | ' | | ' | |
Financial Assets- | ' | | ' | |
Available-for-sale securities | $73 | | $72 | |
|
[1] | Amount represents debt carried at fair value under a fair value hedge strategy, not at fair value under the fair value option. |
[2] | Our derivative assets are, in part secured with cash collateral (Level 1) as described in Note 9 - Derivatives and Hedging Activities. However, we view our net derivative assets or liabilities as a single unit of account for purposes of classifying the total balance within the fair value hierarchy. Accordingly, we classify our derivative assets and liabilities as either Level 2 or Level 3 within the fair value hierarchy. |
[3] | The netting adjustment amount includes cash collateral (either received or paid by us) and related accrued interest in cases where we have a legal right of setoff, by contract (e.g., master netting agreement) or otherwise, to discharge all or a portion of the debt owed to our counterparty by applying against the debt an amount that our counterparty owes to us. See Note 9 - Derivatives and Hedging Activities for further details. |