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Balance Sheet Offsetting
 9 Months Ended
Sep. 30, 2022
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, 2022 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
September 30, 2022
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$77,794 $— $77,794 
Commodity swaps and options49,414 — 49,414 
Foreign currency forward contracts1 — 1 
Total derivatives127,209 — 127,209 
Resell agreements12,150 — 12,150 
Total$139,359 $— $139,359 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps$1,088 $— $1,088 
Commodity swaps and options95,694 — 95,694 
Foreign currency forward contracts251 — 251 
Total derivatives97,033 — 97,033 
Repurchase agreements2,082,739 — 2,082,739 
Total$2,179,772 $— $2,179,772 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
September 30, 2022
Financial assets:
Derivatives:
Counterparty A$47 $(47)$— $— 
Counterparty B44,271 (35,853)(6,063)2,355 
Counterparty C407 (251)— 156 
Other counterparties82,484 (53,163)(27,740)1,581 
Total derivatives127,209 (89,314)(33,803)4,092 
Resell agreements12,150 — (12,150)— 
Total$139,359 $(89,314)$(45,953)$4,092 
Financial liabilities:
Derivatives:
Counterparty A$1,081 $(47)$(1,031)$3 
Counterparty B35,853 (35,853)— — 
Counterparty C251 (251)— — 
Other counterparties59,848 (53,163)(6,685)— 
Total derivatives97,033 (89,314)(7,716)3 
Repurchase agreements2,082,739 — (2,082,739)— 
Total$2,179,772 $(89,314)$(2,090,455)$3 
Information about financial instruments that are eligible for offset in the consolidated balance sheet as of December 31, 2021 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
December 31, 2021
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$4,446 $— $4,446 
Commodity swaps and options18,864 — 18,864 
Total derivatives23,339 — 23,339 
Resell agreements7,903 — 7,903 
Total$31,242 $— $31,242 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps$19,176 $— $19,176 
Commodity swaps and options94,843 — 94,843 
Total derivatives114,019 — 114,019 
Repurchase agreements2,740,799 — 2,740,799 
Total$2,854,818 $— $2,854,818 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
December 31, 2021
Financial assets:
Derivatives:
Counterparty A$6 $(6)$— $— 
Counterparty B7,655 (7,655)— — 
Other counterparties15,678 (15,678)— — 
Total derivatives23,339 (23,339)— — 
Resell agreements7,903 — (7,903)— 
Total$31,242 $(23,339)$(7,903)$— 
Financial liabilities:
Derivatives:
Counterparty A$3,870 $(6)$(3,864)$— 
Counterparty B28,130 (7,655)(20,475)— 
Counterparty C9 — (9)— 
Other counterparties82,010 (15,678)(66,225)107 
Total derivatives114,019 (23,339)(90,573)107 
Repurchase agreements2,740,799 — (2,740,799)— 
Total$2,854,818 $(23,339)$(2,831,372)$107 
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, 2022 and December 31, 2021 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, 2022
Repurchase agreements:
U.S. Treasury$1,348,705 $— $— $— $1,348,705 
Residential mortgage-backed securities734,034 — — — 734,034 
Total borrowings$2,082,739 $— $— $— $2,082,739 
Gross amount of recognized liabilities for repurchase agreements$2,082,739 
Amounts related to agreements not included in offsetting disclosures above$— 
December 31, 2021
Repurchase agreements:
U.S. Treasury$1,342,591 $— $— $— $1,342,591 
Residential mortgage-backed securities1,398,208 — — — 1,398,208 
Total borrowings$2,740,799 $— $— $— $2,740,799 
Gross amount of recognized liabilities for repurchase agreements$2,740,799 
Amounts related to agreements not included in offsetting disclosures above$—