XML 75 R43.htm IDEA: XBRL DOCUMENT v3.19.1
Netting Arrangements (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019
 
 
 
 
Gross Amount Offset(1)
 
Net Amount Presented in our Condensed Consolidated Balance Sheets
 
Amounts Not Offset in our Condensed Consolidated Balance Sheets
 
 
 
 
Gross Amount
 
 
 
Financial Instruments(2)
 
Collateral(3)
 
Net Amount
 
 
(Dollars in millions)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
1,864

 
$
(1,801
)
 
 
$
63

 
 
 
$
—

 
 
 
$
—

 
 
$
63

Cleared risk management derivatives
 
—

 
20

 
 
20

 
 
 
—

 
 
 
—

 
 
20

Mortgage commitment derivatives
 
439

 
—

 
 
439

 
 
 
(223
)
 
 
 
(14
)
 
 
202

Total derivative assets
 
2,303

 
(1,781
)
 
 
522

(4) 
 
 
(223
)
 
 
 
(14
)
 
 
285

Securities purchased under agreements to resell or similar arrangements(5)
 
39,850

 
—

 
 
39,850

 
 
 
—

 
 
 
(39,850
)
 
 
—

Total assets
 
$
42,153

 
$
(1,781
)
 
 
$
40,372

 
 
 
$
(223
)
 
 
 
$
(39,864
)
 
 
$
285

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(2,224
)
 
$
2,143

 
 
$
(81
)
 
 
 
$
—

 
 
 
$
—

 
 
$
(81
)
Cleared risk management derivatives
 
—

 
(17
)
 
 
(17
)
 
 
 
—

 
 
 
10

 
 
(7
)
Mortgage commitment derivatives
 
(666
)
 
—

 
 
(666
)
 
 
 
223

 
 
 
416

 
 
(27
)
Total derivative liabilities
 
(2,890
)
 
2,126

 
 
(764
)
(4) 
 
 
223

 
 
 
426

 
 
(115
)
Total liabilities
 
$
(2,890
)
 
$
2,126

 
 
$
(764
)
 
 
 
$
223

 
 
 
$
426

 
 
$
(115
)
 
 
As of December 31, 2018
 
 
 
 
Gross Amount Offset(1)
 
Net Amount Presented in our Condensed Consolidated Balance Sheets
 
Amounts Not Offset in our Condensed Consolidated Balance Sheets
 
 
 
 
Gross Amount
 
 
 
Financial Instruments(2)
 
Collateral(3)
 
Net Amount
 
 
(Dollars in millions)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
2,288

 
$
(2,273
)
 
 
$
15

 
 
 
$
—

 
 
 
$
—

 
 
$
15

Cleared risk management derivatives
 
—

 
7

 
 
7

 
 
 
—

 
 
 
—

 
 
7

Mortgage commitment derivatives
 
379

 
—

 
 
379

 
 
 
(153
)
 
 
 
(7
)
 
 
219

Total derivative assets
 
2,667

 
(2,266
)
 
 
401

(4) 
 
 
(153
)
 
 
 
(7
)
 
 
241

Securities purchased under agreements to resell or similar arrangements(5)
 
48,288

 
—

 
 
48,288

 
 
 
—

 
 
 
(48,288
)
 
 
—

Total assets
 
$
50,955

 
$
(2,266
)
 
 
$
48,689

 
 
 
$
(153
)
 
 
 
$
(48,295
)
 
 
$
241

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTC risk management derivatives
 
$
(2,433
)
 
$
2,342

 
 
$
(91
)
 
 
 
$
—

 
 
 
$
—

 
 
$
(91
)
Cleared risk management derivatives
 
—

 
(27
)
 
 
(27
)
 
 
 
—

 
 
 
23

 
 
(4
)
Mortgage commitment derivatives
 
(648
)
 
—

 
 
(648
)
 
 
 
153

 
 
 
466

 
 
(29
)
Total derivative liabilities
 
(3,081
)
 
2,315

 
 
(766
)
(4) 
 
 
153

 
 
 
489

 
 
(124
)
Total liabilities
 
$
(3,081
)
 
$
2,315

 
 
$
(766
)
 
 
 
$
153

 
 
 
$
489

 
 
$
(124
)
(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 received that has not been recognized and is not offset in our condensed consolidated balance sheets as well as collateral posted which has been recognized but not offset in our condensed consolidated balance sheets. The fair value of non-cash collateral we pledged was $1.8 billion and $1.9 billion as of March 31, 2019 and December 31, 2018, respectively, which the counterparty was permitted to sell or repledge. The fair value of non-cash collateral received was $39.9 billion and $48.4 billion, of which $33.9 billion and $45.7 billion could be sold or repledged as of March 31, 2019 and December 31, 2018, respectively. None of the underlying collateral was sold or repledged as of March 31, 2019 or December 31, 2018.
(4) 
Excludes derivative assets of $62 million and $57 million as of March 31, 2019 and December 31, 2018, respectively, and derivative liabilities of $29 million and $11 million recognized in our condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively, that are not subject to enforceable master netting arrangements.
(5) 
Includes $17.6 billion and $15.4 billion in securities purchased under agreements to resell classified as “Cash and cash equivalents” in our condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively.