Pledged Assets (Tables)

12 Months Ended

Dec. 31, 2014

Offsetting Assets and Liabilities [Abstract]

Schedule of Financial Instruments Owned and Pledged as Collateral

The following tables summarize our assets pledged as collateral under our repurchase agreements, debt of consolidated VIEs, derivative agreements and prime broker agreements by type, including securities pledged related to securities sold but not yet settled, as of December 31, 2014 and 2013 (in millions):

	December 31, 2014
Assets Pledged to Counterparties	Repurchase Agreements		Debt of Consolidated VIEs		Derivative Agreements		Prime Broker Agreements		Total
Agency MBS - fair value	$	50,858	$	1,266	$	69	$	702	$	52,895
U.S. Treasury securities - fair value	1,904		—		550		—		2,454
Accrued interest on pledged securities	147		4		2		—		153
Restricted cash	6		—		698		9		713
Total	$	52,915	$	1,270	$	1,319	$	711	$	56,215

	December 31, 2013
Assets Pledged to Counterparties	Repurchase Agreements		Debt of Consolidated VIEs		Derivative Agreements		Prime Broker Agreements		Total
Agency MBS - fair value	$	62,708	$	1,459	$	28	$	91	$	64,286
U.S. Treasury securities - fair value	3,708		—		70		—		3,778
Accrued interest on pledged securities	189		5		1		—		195
Restricted cash	3		—		41		57		101
Total	$	66,608	$	1,464	$	140	$	148	$	68,360

Schedules Of Securities Pledged As Collateral Under Repurchase Agreement

The following table summarizes our securities pledged as collateral under repurchase agreements and other debt of consolidated VIEs by remaining maturity of the repurchase agreement and other debt liability, including securities pledged related to sold but not yet settled securities, as of December 31, 2014 and 2013 (in millions). For the corresponding repurchase agreement and other debt liability associated with the following amounts and the interest rates thereon, refer to Note 4.

	December 31, 2014						December 31, 2013
Agency Securities Pledged by Remaining Maturity of Repurchase Agreements and Debt of Consolidated VIEs	Fair Value of Pledged Securities		Amortized Cost of Pledged Securities		Accrued Interest on Pledged Securities		Fair Value of Pledged Securities		Amortized Cost of Pledged Securities		Accrued Interest on Pledged Securities
Agency MBS:
≤ 30 days	$	14,605	$	14,453	$	41	$	27,694	$	28,125	$	76
> 30 and ≤ 60 days	10,912		10,789		30		14,955		15,210		42
> 60 and ≤ 90 days	10,205		10,109		28		10,117		10,290		28
> 90 days	16,402		16,227		47		11,401		11,623		32
Total agency MBS	52,124		51,578		146		64,167		65,248		178
U.S. Treasury securities:
1 day	1,904		1,899		5		3,708		3,760		16
Total	$	54,028	$	53,477	$	151	$	67,875	$	69,008	$	194

Schedule of Securities and Cash Pledged as Collateral from Counterparties

As of December 31, 2014 and 2013, we had assets pledged to us from counterparties as collateral under our reverse repurchase and derivative agreements summarized in the tables below (in millions).

	December 31, 2014						December 31, 2013
Assets Pledged to AGNC	Reverse Repurchase Agreements		Derivative Agreements		Total		Reverse Repurchase Agreements		Derivative Agreements		Total
Agency MBS - fair value	$	—	$	43	$	43	$	—	$	82	$	82
U.S. Treasury securities - fair value	5,363		47		5,410		1,848		164		2,012
Cash	—		28		28		—		366		366
Total	$	5,363	$	118	$	5,481	$	1,848	$	612	$	2,460

Offsetting Assets and Liabilities

The following tables present information about our assets and liabilities that are subject to such arrangements and can potentially be offset on our consolidated balance sheets as of December 31, 2014 and 2013 (in millions):

	Offsetting of Financial Assets and Derivative Assets
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset  in the Consolidated Balance Sheets						Net Amount
							Financial Instruments			Collateral Received 2
December 31, 2014
Interest rate swap and swaption agreements, at fair value 1	$	211	$	—	$	211	$	(94	)	$	(83	)	$	34
Receivable under reverse repurchase agreements	5,218		—		5,218		(4,690		)	(528		)	—
Total derivative, other hedging instruments and other assets	$	5,429	$	—	$	5,429	$	(4,784	)	$	(611	)	$	34
December 31, 2013
Interest rate swap and swaption agreements, at fair value 1	$	1,138	$	—	$	1,138	$	(331	)	$	(610	)	$	197
Receivable under reverse repurchase agreements	1,881		—		1,881		(1,881		)	—			—
Total derivative, other hedging instruments and other assets	$	3,019	$	—	$	3,019	$	(2,212	)	$	(610	)	$	197

Offsetting Liabilities

	Offsetting of Financial Liabilities and Derivative Liabilities
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset  in the Consolidated Balance Sheets						Net Amount
							Financial Instruments			Collateral Pledged 2
December 31, 2014
Interest rate swap agreements, at fair value 1	$	880	$	—	$	880	$	(94	)	$	(782	)	$	4
Repurchase agreements	50,296		—		50,296		(4,690		)	(45,606		)	—
Total derivative, other hedging instruments and other liabilities	$	51,176	$	—	$	51,176	$	(4,784	)	$	(46,388	)	$	4
December 31, 2013
Interest rate swap agreements, at fair value 1	$	400	$	—	$	400	$	(331	)	$	(69	)	$	—
Repurchase agreements	63,533		—		63,533		(1,881		)	(61,652		)	—
Total derivative, other hedging instruments and other liabilities	$	63,933	$	—	$	63,933	$	(2,212	)	$	(61,721	)	$	—

_______________________

1. Reported under derivative assets / liabilities, at fair value in the accompanying consolidated balance sheets. Refer to Note 5 for a reconciliation of derivative assets / liabilities, at fair value to their sub-components.

2. Includes cash and securities received / pledged as collateral, at fair value. Amounts presented are limited to collateral pledged sufficient to reduce the net amount to zero for individual counterparties, as applicable.