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Netting Arrangements (Tables)
6 Months Ended
Jun. 30, 2014
Offsetting [Abstract]  
Offsetting [Table Text Block]
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 June 30, 2014 and December 31, 2013.
 
 
As of June 30, 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
 
$
6,795

 
 
 
$
(6,777
)
 
 
 
$
18

 
 
 
$

 
 
 
$
(12
)
 
 
 
$
6

 
OTC-cleared risk management derivatives (4)
 
949

 
 
 
(120
)
 
 
 
829

 
 
 

 
 
 

 
 
 
829

 
Mortgage commitment derivatives
 
389

 
 
 

 
 
 
389

 
 
 
(145
)
 
 
 
(4
)
 
 
 
240

 
Total derivative assets
 
8,133

 
 
 
(6,897
)
 
 
 
1,236

(5 
) 
 
 
(145
)
 
 
 
(16
)
 
 
 
1,075

 
Securities purchased under agreements to resell or similar arrangements(6)
 
32,250

 
 
 

 
 
 
32,250

 
 
 

 
 
 
(32,249
)
 
 
 
1

 
Total assets
 
$
40,383

 
 
 
$
(6,897
)
 
 
 
$
33,486

 
 
 
$
(145
)
 
 
 
$
(32,265
)
 
 
 
$
1,076

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(8,352
)
 
 
 
$
8,142

 
 
 
$
(210
)
 
 
 
$

 
 
 
$

 
 
 
$
(210
)
 
OTC-cleared risk management derivatives (4)
 
(1,248
)
 
 
 
1,248

 
 
 

 
 
 

 
 
 

 
 
 

 
Mortgage commitment derivatives
 
(525
)
 
 
 

 
 
 
(525
)
 
 
 
145

 
 
 

 
 
 
(380
)
 
   Total liabilities
 
$
(10,125
)
 
 
 
$
9,390

 
 
 
$
(735
)
(5 
) 
 
 
$
145

 
 
 
$

 
 
 
$
(590
)
 

 
 
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
)
 
__________
(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 June 30, 2014, we net OTC-cleared derivative assets and derivative liabilities where we have enforceable master netting arrangements.
(5) 
Excludes derivative assets of $28 million and $1.7 billion and derivative liabilities of $1 million and $1.1 billion recognized in our condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013, respectively, that are not subject to enforceable master netting arrangements.
(6) 
Includes $15.6 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 June 30, 2014 and December 31, 2013, respectively.