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Netting Arrangements (Tables)
6 Months Ended
Jun. 30, 2015
Offsetting [Abstract]  
Offsetting [Table Text Block]
The tables below display 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, 2015
 
 
 
 
 
 
 
 
 
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
 
$
4,355

 
 
 
$
(4,354
)
 
 
 
$
1

 
 
 
$

 
 
 
$

 
 
 
$
1

 
Cleared risk management derivatives
 
954

 
 
 
304

 
 
 
1,258

 
 
 

 
 
 

 
 
 
1,258

 
Mortgage commitment derivatives
 
433

 
 
 

 
 
 
433

 
 
 
(224
)
 
 
 

 
 
 
209

 
Total derivative assets
 
5,742

 
 
 
(4,050
)
 
 
 
1,692

(4 
) 
 
 
(224
)
 
 
 

 
 
 
1,468

 
Securities purchased under agreements to resell or similar arrangements(5)
 
37,160

 
 
 

 
 
 
37,160

 
 
 

 
 
 
(37,160
)
 
 
 

 
Total assets
 
$
42,902

 
 
 
$
(4,050
)
 
 
 
$
38,852

 
 
 
$
(224
)
 
 
 
$
(37,160
)
 
 
 
$
1,468

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(6,172
)
 
 
 
$
5,754

 
 
 
$
(418
)
 
 
 
$

 
 
 
$

 
 
 
$
(418
)
 
Cleared risk management derivatives
 
(1,974
)
 
 
 
1,974

 
 
 

 
 
 

 
 
 

 
 
 

 
Mortgage commitment derivatives
 
(392
)
 
 
 

 
 
 
(392
)
 
 
 
224

 
 
 

 
 
 
(168
)
 
Total derivative liabilities
 
(8,538
)
 
 
 
7,728

 
 
 
(810
)
(4 
) 
 
 
224

 
 
 

 
 
 
(586
)
 
Total liabilities
 
$
(8,538
)
 
 
 
$
7,728

 
 
 
$
(810
)
 
 
 
$
224

 
 
 
$

 
 
 
$
(586
)
 
 
As of December 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
 
$
5,461

 
 
 
$
(5,428
)
 
 
 
$
33

 
 
 
$

 
 
 
$
(33
)
 
 
 
$

 
Cleared risk management derivatives
 
927

 
 
 
242

 
 
 
1,169

 
 
 

 
 
 

 
 
 
1,169

 
Mortgage commitment derivatives
 
255

 
 
 

 
 
 
255

 
 
 
(116
)
 
 
 
(7
)
 
 
 
132

 
Total derivative assets
 
6,643

 
 
 
(5,186
)
 
 
 
1,457

(4 
) 
 
 
(116
)
 
 
 
(40
)
 
 
 
1,301

 
Securities purchased under agreements to resell or similar arrangements(5)
 
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
 
(2,627
)
 
 
 
2,627

 
 
 

 
 
 

 
 
 

 
 
 

 
Mortgage commitment derivatives
 
(344
)
 
 
 

 
 
 
(344
)
 
 
 
116

 
 
 

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

 
 
 
(613
)
(4 
) 
 
 
116

 
 
 

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

 
 
 
(50
)
 
 
 

 
 
 
50

 
 
 

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

 
 
 
$
(663
)
 
 
 
$
116

 
 
 
$
50

 
 
 
$
(497
)
 
__________
(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 $18 million and $51 million as of June 30, 2015 and December 31, 2014, respectively. The fair value of non-cash collateral accepted for securities purchased under agreements to resell or similar arrangements was $37.2 billion and $47.6 billion, of which $34.9 billion and $41.9 billion could be sold or repledged as of June 30, 2015 and December 31, 2014, respectively. None of the underlying collateral was sold or repledged as of June 30, 2015 or December 31, 2014. 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.
(4) 
Excludes derivative assets of $26 million and $28 million as of June 30, 2015 and December 31, 2014, respectively, and derivative liabilities of $1 million as of June 30, 2015 and December 31, 2014, recognized in our condensed consolidated balance sheets that are not subject to enforceable master netting arrangements.
(5) 
Includes $15.2 billion and $16.6 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, 2015 and December 31, 2014, respectively.