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Netting Arrangements (Tables)
 12 Months Ended
Dec. 31, 2014
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 consolidated balance sheets as of December 31, 2014 and 2013.
 
As of December 31, 2014
 
 
 
 
 
Net Amount Presented in the Consolidated Balance Sheets
 
Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
Gross Amount
 
Gross Amount Offset(1)
 
 
Financial Instruments(2)
 
Collateral(3)
 
Net Amount
 
(Dollars in millions)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
$
5,461

 
$
(5,428
)
 
 
$
33

 
 
 
$
—

 
 
$
(33
)
 
$
—

Cleared risk management derivatives(4)
927

 
242

 
 
1,169

 
 
 
—

 
 
—

 
1,169

Mortgage commitment derivatives
255

 
—

 
 
255

 
 
 
(116
)
 
 
(7
)
 
132

Total derivative assets
6,643

 
(5,186
)
 
 
1,457

(5 
) 
 
 
(116
)
 
 
(40
)
 
1,301

Securities purchased under agreements to resell or similar arrangements(6)
47,550

 
—

 
 
47,550

 
 
 
—

 
 
(47,550
)
 
—

Total assets
$
54,193

 
$
(5,186
)
 
 
$
49,007

 
 
 
$
(116
)
 
 
$
(47,590
)
 
$
1,301

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
$
(7,836
)
 
$
7,567

 
 
$
(269
)
 
 
 
$
—

 
 
$
—

 
$
(269
)
Cleared risk management derivatives(4)
(2,627
)
 
2,627

 
 
—

 
 
 
—

 
 
—

 
—

Mortgage commitment derivatives
(344
)
 
—

 
 
(344
)
 
 
 
116

 
 
—

 
(228
)
Total derivative liabilities
(10,807
)
 
10,194

 
 
(613
)
(5 
) 
 
 
116

 
 
—

 
(497
)
Securities sold under agreements to repurchase or similar arrangements
(50
)
 
—

 
 
(50
)
 
 
 
—

 
 
50

 
—

Total liabilities
$
(10,857
)
 
$
10,194

 
 
$
(663
)
 
 
 
$
116

 
 
$
50

 
$
(497
)
 
As of December 31, 2013
 
 
 
 
 
Net Amount Presented in the Consolidated Balance Sheets
 
Amounts Not Offset in the 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 consolidated balance sheets.
(3) 
Represents collateral posted or received that has neither been recognized nor offset in our 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 $51 million and $24 million as of December 31, 2014 and 2013, respectively. The fair value of non-cash collateral accepted for securities purchased under agreements to resell or similar arrangements was $47.6 billion and $50.7 billion, of which $41.9 billion and $39.8 billion could be sold or repledged as of December 31, 2014 and 2013, respectively. None of the underlying collateral was sold or repledged as of December 31, 2014 and 2013. The fair value of non-cash collateral we pledged for securities sold under agreements to repurchase was $50 million as of December 31, 2014, which the counterparty was permitted to sell or repledge. We did not have any securities sold under agreements to repurchase as of December 31, 2013.
(4) 
Net amounts as of December 31, 2014 reflect netting of cleared derivative assets and 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 consolidated balance sheets as of December 31, 2014 and 2013, respectively, that are not subject to enforceable master netting arrangements.
(6) 
Includes $16.6 billion and $11.6 billion of securities purchased under agreements to resell or similar arrangements classified as “Cash and cash equivalents” in our consolidated balance sheets as of December 31, 2014 and 2013, respectively.