Trading Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Trading Assets And Liabilities [Abstract]

Trading Assets and Liabilities

Trading assets and liabilities consisted of the following.

	September 30, 2014		December 31, 2013
	(in millions)
Trading assets:
U.S. Treasury	$	1,955	$	1,344
U.S. Government agency issued or guaranteed	3		19
U.S. Government sponsored enterprises(1)	97		159
Obligations of U.S. states and political subdivisions	611		25
Asset backed securities	502		481
Corporate and foreign bonds	6,265		9,099
Other securities	22		25
Precious metals	7,998		11,751
Derivatives	4,646		5,991
	$	22,099	$	28,894
Trading liabilities:
Securities sold, not yet purchased	$	507	$	308
Payables for precious metals	3,118		3,826
Derivatives	5,552		6,741
	$	9,177	$	10,875

⁽¹⁾  Includes mortgage backed securities of $97 million and $133 million issued or guaranteed by the Federal National Mortgage Association ("FNMA") and $0 million and $26 million issued or guaranteed by the Federal Home Loan Mortgage Corporation ("FHLMC") at September 30, 2014 and December 31, 2013, respectively.