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Netting Arrangements (Tables)
 9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013.
 
As of September 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
 
$
6,201

 
 
 
$
(6,181
)
 
 
 
$
20

 
 
 
$
—

 
 
 
$
(14
)
 
 
 
$
6

 
OTC-cleared risk management derivatives(4)
 
1,125

 
 
 
(21
)
 
 
 
1,104

 
 
 
—

 
 
 
—

 
 
 
1,104

 
Mortgage commitment derivatives
 
106

 
 
 
—

 
 
 
106

 
 
 
(81
)
 
 
 
—

 
 
 
25

 
Total derivative assets
 
7,432

 
 
 
(6,202
)
 
 
 
1,230

(5 
) 
 
 
(81
)
 
 
 
(14
)
 
 
 
1,135

 
Securities purchased under agreements to resell or similar arrangements(6)
 
39,950

 
 
 
—

 
 
 
39,950

 
 
 
—

 
 
 
(39,950
)
 
 
 
—

 
Total assets
 
$
47,382

 
 
 
$
(6,202
)
 
 
 
$
41,180

 
 
 
$
(81
)
 
 
 
$
(39,964
)
 
 
 
$
1,135

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(7,830
)
 
 
 
$
7,538

 
 
 
$
(292
)
 
 
 
$
—

 
 
 
$
—

 
 
 
$
(292
)
 
OTC-cleared risk management derivatives(4)
 
(1,502
)
 
 
 
1,502

 
 
 
—

 
 
 
—

 
 
 
—

 
 
 
—

 
Mortgage commitment derivatives
 
(150
)
 
 
 
—

 
 
 
(150
)
 
 
 
81

 
 
 
—

 
 
 
(69
)
 
   Total liabilities
 
$
(9,482
)
 
 
 
$
9,040

 
 
 
$
(442
)
(5 
) 
 
 
$
81

 
 
 
$
—

 
 
 
$
(361
)
 

 
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. The fair value of non-cash collateral accepted for OTC risk management derivatives was $66 million and $24 million as of September 30, 2014 and December 31, 2013, respectively. The fair value of non-cash collateral accepted for securities purchased under agreements to resell or similar arrangements was $40.0 billion and $50.7 billion, of which $36.7 billion and $39.8 billion could be sold or repledged as of September 30, 2014 and December 31, 2013, respectively. None of the underlying collateral was sold or repledged as of September 30, 2014 and December 31, 2013, respectively.
(4)
Net amounts as of September 30, 2014 reflect netting of OTC-cleared derivative assets and liabilities where we have enforceable master netting arrangements.
(5) 
Excludes derivative assets of $26 million and $1.7 billion and derivative liabilities of $1 million and $1.1 billion recognized in our condensed consolidated balance sheets as of September 30, 2014 and December 31, 2013, respectively, that are not subject to enforceable master netting arrangements.
(6) 
Includes $10.5 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 September 30, 2014 and December 31, 2013, respectively.