The table below displays information related to derivatives and securities purchased under agreements to resell or similar arrangements which are subject to an enforceable master netting arrangement that are either offset or not offset in our condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013.



	As of March 31, 2014
								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	$	7,781			$	(7,678	)		$	103				$	—			$	(46	)		$	57
OTC-cleared risk management derivatives ⁽⁴⁾	1,343				(744		)		599					—				—				599
Mortgage commitment derivatives	105				—				105					(91		)		—				14
Total derivative assets	9,229				(8,422		)		807			⁽⁵⁾		(91		)		(46		)		670
Securities purchased under agreements to resell or similar arrangements⁽⁶⁾	22,150				—				22,150					—				(22,150		)		—
Total assets	$	31,379			$	(8,422	)		$	22,957				$	(91	)		$	(22,196	)		$	670

Liabilities:
OTC risk management derivatives	$	(9,143	)		$	9,053			$	(90	)			$	—			$	—			$	(90	)
OTC-cleared risk management derivatives ⁽⁴⁾	(989		)		989				—					—				—				—
Mortgage commitment derivatives	(118		)		—				(118		)			91				—				(27		)
Total derivative liabilities	(10,250		)		10,042				(208		)	⁽⁵⁾		91				—				(117		)
Securities sold under agreements to repurchase or similar arrangements	(25		)		—				(25		)			—				25				—
Total liabilities	$	(10,275	)		$	10,042			$	(233	)			$	91			$	25			$	(117	)



	As of December 31, 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	$	8,491			$	(8,422	)		$	69					$	—			$	(20	)		$	49
Mortgage commitment derivatives	265				—				265						(83		)		—				182
Total derivative assets	8,756				(8,422		)		334			⁽⁵	⁾		(83		)		(20		)		231
Securities purchased under agreements to resell or similar arrangements⁽⁶⁾	50,565				—				50,565						—				(50,565		)		—
Total assets	$	59,321			$	(8,422	)		$	50,899					$	(83	)		$	(50,585	)		$	231

Liabilities:
OTC risk management derivatives	$	(9,503	)		$	9,370			$	(133	)				$	—			$	—			$	(133	)
Mortgage commitment derivatives	(214		)		—				(214		)				83				—				(131		)
Total liabilities	$	(9,717	)		$	9,370			$	(347	)	⁽⁵	⁾		$	83			$	—			$	(264	)

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⁽¹⁾	Represents the effect of the right to offset under legally enforceable master netting arrangements 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 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⁾ As of March 31, 2014, we net OTC-cleared derivative assets and derivative liabilities where we have enforceable master netting arrangements.


⁽⁵⁾	Excludes derivative assets of $29 million and $1.7 billion and derivative liabilities of $1 million and $1.1 billion recognized in our condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013, respectively, that are not subject to enforceable master netting arrangements.


⁽⁶⁾	Includes $9.4 billion and $11.6 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 March 31, 2014 and December 31, 2013, respectively.