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Balance Sheet Offsetting
 9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Offsetting Balance Sheet Offsetting and Repurchase Agreements
Balance Sheet Offsetting. Certain financial instruments, including resell and repurchase agreements and derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. Our derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association (“ISDA”) master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, we do not generally offset such financial instruments for financial reporting purposes.
Information about financial instruments that are eligible for offset in the consolidated balance sheet as of September 30, 2021 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
September 30, 2021
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$3,556 $— $3,556 
Commodity swaps and options24,583 — 24,583 
Foreign currency forward contracts2 — 2 
Total derivatives28,141 — 28,141 
Resell agreements7,903 — 7,903 
Total$36,044 $— $36,044 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps$22,933 $— $22,933 
Commodity swaps and options201,499 — 201,499 
Total derivatives224,432 — 224,432 
Repurchase agreements2,200,029 — 2,200,029 
Total$2,424,461 $— $2,424,461 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
September 30, 2021
Financial assets:
Derivatives:
Counterparty A$4 $(4)$— $— 
Counterparty B12,537 (12,537)— — 
Other counterparties15,600 (15,600)— — 
Total derivatives28,141 (28,141)— — 
Resell agreements7,903 — (7,903)— 
Total$36,044 $(28,141)$(7,903)$— 
Financial liabilities:
Derivatives:
Counterparty A$4,577 $(4)$(4,573)$— 
Counterparty B77,110 (12,537)(60,860)3,713 
Counterparty C19 — (19)— 
Other counterparties142,726 (15,600)(122,984)4,142 
Total derivatives224,432 (28,141)(188,436)7,855 
Repurchase agreements2,200,029 — (2,200,029)— 
Total$2,424,461 $(28,141)$(2,388,465)$7,855 
Information about financial instruments that are eligible for offset in the consolidated balance sheet as of December 31, 2020 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
December 31, 2020
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$1,241 $— $1,241 
Commodity swaps and options9,870 — 9,870 
Total derivatives11,111 — 11,111 
Resell agreements— — — 
Total$11,111 $— $11,111 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps$33,946 $— $33,946 
Commodity swaps and options35,377 — 35,377 
Total derivatives69,323 — 69,323 
Repurchase agreements2,068,147 — 2,068,147 
Total$2,137,470 $— $2,137,470 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
December 31, 2020
Financial assets:
Derivatives:
Counterparty A$2 $(2)$— $— 
Counterparty B5,838 (5,838)— — 
Other counterparties5,271 (5,271)— — 
Total derivatives11,111 (11,111)— — 
Resell agreements— — — — 
Total$11,111 $(11,111)$— $— 
Financial liabilities:
Derivatives:
Counterparty A$6,430 $(2)$(6,428)$— 
Counterparty B20,722 (5,838)(14,700)184 
Counterparty C71 — (71)— 
Other counterparties42,100 (5,271)(35,832)997 
Total derivatives69,323 (11,111)(57,031)1,181 
Repurchase agreements2,068,147 — (2,068,147)— 
Total$2,137,470 $(11,111)$(2,125,178)$1,181 
Repurchase Agreements. We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents.
The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of September 30, 2021 and December 31, 2020 is presented in the following tables.
Remaining Contractual Maturity of the Agreements
Overnight and ContinuousUp to 30 Days30-90 DaysGreater than 90 DaysTotal
September 30, 2021
Repurchase agreements:
U.S. Treasury$1,122,968 $— $— $— $1,122,968 
Residential mortgage-backed securities1,077,061 — — — 1,077,061 
Total borrowings$2,200,029 $— $— $— $2,200,029 
Gross amount of recognized liabilities for repurchase agreements$2,200,029 
Amounts related to agreements not included in offsetting disclosures above$— 
December 31, 2020
Repurchase agreements:
U.S. Treasury$692,860 $— $— $— $692,860 
Residential mortgage-backed securities1,375,287 — — — 1,375,287 
Total borrowings$2,068,147 $— $— $— $2,068,147 
Gross amount of recognized liabilities for repurchase agreements$2,068,147 
Amounts related to agreements not included in offsetting disclosures above$—