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Netting Arrangements (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31, 2016
 
 
 
 
 
 
 
 
 
Net Amount Presented in our Condensed Consolidated Balance Sheets
 
Amounts Not Offset in our 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
 
$
5,032

 
 
 
$
(4,874
)
 
 
 
$
158

 
 
 
$

 
 
 
$

 
 
 
$
158

 
Cleared risk management derivatives
 
1,855

 
 
 
(1,850
)
 
 
 
5

 
 
 

 
 
 

 
 
 
5

 
Mortgage commitment derivatives
 
510

 
 
 

 
 
 
510

 
 
 
(334
)
 
 
 
(1
)
 
 
 
175

 
Total derivative assets
 
7,397

 
 
 
(6,724
)
 
 
 
673

(4) 
 
 
(334
)
 
 
 
(1
)
 
 
 
338

 
Securities purchased under agreements to resell or similar arrangements(5)
 
32,450

 
 
 

 
 
 
32,450

 
 
 

 
 
 
(32,450
)
 
 
 

 
Total assets
 
$
39,847

 
 
 
$
(6,724
)
 
 
 
$
33,123

 
 
 
$
(334
)
 
 
 
$
(32,451
)
 
 
 
$
338

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(7,895
)
 
 
 
$
7,622

 
 
 
$
(273
)
 
 
 
$

 
 
 
$

 
 
 
$
(273
)
 
Cleared risk management derivatives
 
(5,213
)
 
 
 
4,976

 
 
 
(237
)
 
 
 

 
 
 
237

 
 
 

 
Mortgage commitment derivatives
 
(605
)
 
 
 

 
 
 
(605
)
 
 
 
334

 
 
 

 
 
 
(271
)
 
Total derivative liabilities
 
(13,713
)
 
 
 
12,598

 
 
 
(1,115
)
(4) 
 
 
334

 
 
 
237

 
 
 
(544
)
 
Securities sold under agreements to repurchase or similar arrangements
 
(26
)
 
 
 

 
 
 
(26
)
 
 
 

 
 
 
26

 
 
 

 
Total liabilities
 
$
(13,739
)
 
 
 
$
12,598

 
 
 
$
(1,141
)
 
 
 
$
334

 
 
 
$
263

 
 
 
$
(544
)
 
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
Net Amount Presented in our Condensed Consolidated Balance Sheets
 
Amounts Not Offset in our 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
 
$
4,042

 
 
 
$
(4,021
)
 
 
 
$
21

 
 
 
$

 
 
 
$
(18
)
 
 
 
$
3

 
Cleared risk management derivatives
 
708

 
 
 
(3
)
 
 
 
705

 
 
 

 
 
 

 
 
 
705

 
Mortgage commitment derivatives
 
140

 
 
 

 
 
 
140

 
 
 
(119
)
 
 
 
(3
)
 
 
 
18

 
Total derivative assets
 
4,890

 
 
 
(4,024
)
 
 
 
866

(4) 
 
 
(119
)
 
 
 
(21
)
 
 
 
726

 
Securities purchased under agreements to resell or similar arrangements(5)
 
37,950

 
 
 

 
 
 
37,950

 
 
 

 
 
 
(37,950
)
 
 
 

 
Total assets
 
$
42,840

 
 
 
$
(4,024
)
 
 
 
$
38,816

 
 
 
$
(119
)
 
 
 
$
(37,971
)
 
 
 
$
726

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(6,118
)
 
 
 
$
5,861

 
 
 
$
(257
)
 
 
 
$

 
 
 
$

 
 
 
$
(257
)
 
Cleared risk management derivatives
 
(2,796
)
 
 
 
2,789

 
 
 
(7
)
 
 
 

 
 
 

 
 
 
(7
)
 
Mortgage commitment derivatives
 
(158
)
 
 
 

 
 
 
(158
)
 
 
 
119

 
 
 
(1
)
 
 
 
(40
)
 
Total derivative liabilities
 
(9,072
)
 
 
 
8,650

 
 
 
(422
)
(4) 
 
 
119

 
 
 
(1
)
 
 
 
(304
)
 
Securities sold under agreements to repurchase or similar arrangements
 
(62
)
 
 
 

 
 
 
(62
)
 
 
 

 
 
 
62

 
 
 

 
Total liabilities
 
$
(9,134
)
 
 
 
$
8,650

 
 
 
$
(484
)
 
 
 
$
119

 
 
 
$
61

 
 
 
$
(304
)
 
__________
(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 non-cash collateral received that has not been recognized and not offset in our condensed consolidated balance sheets as well as non-cash collateral posted which has been recognized but not offset in our condensed consolidated balance sheets. Does not include collateral held or posted in excess of our exposure. The fair value of non-cash collateral we pledged was $1.2 billion and $197 million as of March 31, 2016 and December 31, 2015, respectively, which the counterparty was permitted to sell or repledge. The fair value of non-cash collateral received was $32.5 billion and $38.0 billion, of which billion $29.2 billion and $36.2 billion could be sold or repledged as of March 31, 2016 and December 31, 2015, respectively. None of the underlying collateral was sold or repledged as of March 31, 2016 and December 31, 2015.
(4) 
Excludes derivative assets of $27 million and $28 million as of March 31, 2016 and December 31, 2015, and derivative liabilities of $1 million and $2 million recognized in our condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015, respectively, that are not subject to enforceable master netting arrangements.
(5) 
Includes $14.9 billion and $10.6 billion of securities purchased under agreements to resell classified as “Cash and cash equivalents” in our condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015, respectively.