XML 195 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Netting Arrangements (Tables)
 6 Months Ended
Jun. 30, 2013
Offsetting [Abstract]  
Offsetting [Table Text Block]
The table below displays information related to derivatives, securities purchased under agreements to resell or similar arrangements and securities sold under agreements to repurchase or similar arrangements which are subject to an enforceable master netting arrangement or similar agreement that are either offset or not offset in our condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012.
 
 
As of June 30, 2013
 
 
 
 
 
 
 
 
 
 
Net Amount Presented in the Condensed Consolidated Balance Sheets
 
Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
 
 
 
Gross Amount
 
Gross Amount Offset(1)
 
 
Financial Instruments(2)
 
Collateral(3)
 
Net Amount
 
 
(Dollars in millions)
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
12,222

 
 
 
$
(12,073
)
 
 
 
$
149

 
 
 
$
—

 
 
 
$
(31
)
 
 
 
$
118

 
Mortgage related commitment derivatives
 
2,190

 
 
 
—

 
 
 
2,190

 
 
 
(665
)
 
 
 
—

 
 
 
1,525

 
Total derivative assets
 
$
14,412

 
 
 
$
(12,073
)
 
 
 
$
2,339

(4) 
 
 
$
(665
)
 
 
 
$
(31
)
 
 
 
$
1,643

 
Securities purchased under agreements to resell or similar arrangements(5)
 
$
48,800

 
 
 
$
—

 
 
 
$
48,800

 
 
 
$
—

 
 
 
$
(48,800
)
 
 
 
$
—

 
Total assets
 
$
63,212

 
 
 
$
(12,073
)
 
 
 
$
51,139

 
 
 
$
(665
)
 
 
 
$
(48,831
)
 
 
 
$
1,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(15,949
)
 
 
 
$
15,785

 
 
 
$
(164
)
 
 
 
$
—

 
 
 
$
—

 
 
 
$
(164
)
 
Mortgage related commitment derivatives
 
(1,671
)
 
 
 
—

 
 
 
(1,671
)
 
 
 
665

 
 
 
—

 
 
 
(1,006
)
 
Total liabilities
 
$
(17,620
)
 
 
 
$
15,785

 
 
 
$
(1,835
)
(4 
) 
 
 
$
665

 
 
 
$
—

 
 
 
$
(1,170
)
 

 
 
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
Net Amount Presented in the Condensed Consolidated Balance Sheets
 
Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
 
 
 
Gross Amount
 
Gross Amount Offset(1)
 
 
Financial Instruments (2)
 
Collateral(3)
 
Net Amount
 
 
(Dollars in millions)
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
15,853

 
 
 
$
(15,791
)
 
 
 
$
62

 
 
 
$
—

 
 
 
$
(48
)
 
 
 
$
14

 
Mortgage related commitment derivatives
 
156

 
 
 
—

 
 
 
156

 
 
 
(92
)
 
 
 
(2
)
 
 
 
62

 
Total derivative assets
 
$
16,009

 
 
 
$
(15,791
)
 
 
 
$
218

(4 
) 
 
 
$
(92
)
 
 
 
$
(50
)
 
 
 
$
76

 
Securities purchased under agreements to resell or similar arrangements(5)
 
$
45,750

 
 
 
$
—

 
 
 
$
45,750

 
 
 
$
—

 
 
 
$
(45,750
)
 
 
 
$
—

 
Total assets
 
$
61,759

 
 
 
$
(15,791
)
 
 
 
$
45,968

 
 
 
$
(92
)
 
 
 
$
(45,800
)
 
 
 
$
76

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(22,204
)
 
 
 
$
22,046

 
 
 
$
(158
)
 
 
 
$
—

 
 
 
$
—

 
 
 
$
(158
)
 
Mortgage related commitment derivatives
 
(297
)
 
 
 
—

 
 
 
(297
)
 
 
 
92

 
 
 
—

 
 
 
(205
)
 
Total liabilities
 
$
(22,501
)
 
 
 
$
22,046

 
 
 
$
(455
)
(4 
) 
 
 
$
92

 
 
 
$
—

 
 
 
$
(363
)
 
__________
(1) 
Represents the effect of the right to offset under legally enforceable master netting agreements to settle with the same counterparty on a net basis, including cash collateral posted and received and accrued interest.
(2) 
Mortgage commitment derivative amounts reflect where we have recognized both an asset and a liability with the same counterparty under an enforceable master netting arrangement but we have not elected to offset the related amounts in our condensed consolidated balance sheets.
(3) 
Represents non-cash collateral posted or received that has neither been recognized nor offset in our condensed consolidated balance sheets. Does not include collateral held in excess of our exposure.
(4) 
Excludes derivative assets of $1.1 billion and $217 million and derivative liabilities of $1.1 billion and $250 million recognized in our condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012, respectively, that are not subject to an enforceable master netting arrangement or similar agreement.
(5) 
Includes $11.0 billion and $13.3 billion of securities purchased under agreements to resell or similar arrangements classified as “cash and cash equivalents” in our condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012, respectively.