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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2015
Derivative Instrument Detail [Abstract]  
Derivative Contracts [Table Text Block]
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at September 30, 2015 (in thousands):
 
 
Assets
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
16,093,704

 
$
136,435

 
$
(50,845
)
 
$
85,590

 
$
—

 
$
85,590

Interest rate swaps
 
1,345,779

 
42,636

 
—

 
42,636

 
—

 
42,636

Energy contracts
 
560,997

 
89,948

 
(28,535
)
 
61,413

 
(23,089
)
 
38,324

Agricultural contracts
 
101,321

 
8,064

 
(4,053
)
 
4,011

 
(1,558
)
 
2,453

Foreign exchange contracts
 
618,991

 
557,313

 
—

 
557,313

 
(3,985
)
 
553,328

Equity option contracts
 
143,452

 
3,784

 
—

 
3,784

 
(470
)
 
3,314

Total customer risk management programs
 
18,864,244

 
838,180

 
(83,433
)
 
754,747

 
(29,102
)
 
725,645

Interest rate risk management programs
 
47,000

 
514

 
—

 
514

 
—

 
514

Total derivative contracts
 
$
18,911,244

 
$
838,694

 
$
(83,433
)
 
$
755,261

 
$
(29,102
)
 
$
726,159

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional¹
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
16,050,271

 
$
133,543

 
$
(50,845
)
 
$
82,698

 
$
(82,225
)
 
$
473

Interest rate swaps
 
1,345,779

 
42,901

 
—

 
42,901

 
(26,723
)
 
16,178

Energy contracts
 
551,989

 
85,856

 
(28,535
)
 
57,321

 
—

 
57,321

Agricultural contracts
 
101,325

 
8,045

 
(4,053
)
 
3,992

 
—

 
3,992

Foreign exchange contracts
 
618,770

 
556,890

 
—

 
556,890

 
(2,619
)
 
554,271

Equity option contracts
 
143,452

 
3,784

 
—

 
3,784

 
—

 
3,784

Total customer risk management programs
 
18,811,586

 
831,019

 
(83,433
)
 
747,586

 
(111,567
)
 
636,019

Interest rate risk management programs
 
7,500

 
96

 
—

 
96

 
—

 
96

Total derivative contracts
 
$
18,819,086

 
$
831,115

 
$
(83,433
)
 
$
747,682

 
$
(111,567
)
 
$
636,115

1 
Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.


The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at December 31, 2014 (in thousands):

 
 
Assets
 
 
Notional
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
13,313,615

 
$
94,719

 
$
(39,359
)
 
$
55,360

 
$
—

 
$
55,360

Interest rate swaps
 
1,165,568

 
35,405

 
—

 
35,405

 
—

 
35,405

Energy contracts
 
579,801

 
141,166

 
(48,624
)
 
92,542

 
(71,310
)
 
21,232

Agricultural contracts
 
47,657

 
1,904

 
(1,256
)
 
648

 
—

 
648

Foreign exchange contracts
 
290,965

 
238,395

 
—

 
238,395

 
—

 
238,395

Equity option contracts
 
194,960

 
10,834

 
—

 
10,834

 
—

 
10,834

Total customer risk management programs
 
15,592,566

 
522,423

 
(89,239
)
 
433,184

 
(71,310
)
 
361,874

Interest rate risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
15,592,566

 
$
522,423

 
$
(89,239
)
 
$
433,184

 
$
(71,310
)
 
$
361,874

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
13,471,880

 
$
91,949

 
$
(39,359
)
 
$
52,590

 
$
(52,290
)
 
$
300

Interest rate swaps
 
1,165,568

 
35,599

 
—

 
35,599

 
(18,717
)
 
16,882

Energy contracts
 
579,801

 
142,839

 
(48,624
)
 
94,215

 
—

 
94,215

Agricultural contracts
 
47,418

 
1,908

 
(1,256
)
 
652

 
(596
)
 
56

Foreign exchange contracts
 
290,856

 
238,118

 
—

 
238,118

 
(6,703
)
 
231,415

Equity option contracts
 
194,960

 
10,834

 
—

 
10,834

 
—

 
10,834

Total customer risk management programs
 
15,750,483

 
521,247

 
(89,239
)
 
432,008

 
(78,306
)
 
353,702

Interest rate risk management programs
 
47,000

 
852

 
—

 
852

 
—

 
852

Total derivative contracts
 
$
15,797,483

 
$
522,099

 
$
(89,239
)
 
$
432,860

 
$
(78,306
)
 
$
354,554

1 
Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.




The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at September 30, 2014 (in thousands):
 
 
Assets
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
13,125,309

 
$
48,913

 
$
(25,263
)
 
$
23,650

 
$
—

 
$
23,650

Interest rate swaps
 
1,171,163

 
34,148

 
—

 
34,148

 
(199
)
 
33,949

Energy contracts
 
847,446

 
32,005

 
(15,660
)
 
16,345

 
(3,499
)
 
12,846

Agricultural contracts
 
49,943

 
2,372

 
(470
)
 
1,902

 
—

 
1,902

Foreign exchange contracts
 
336,755

 
275,116

 
—

 
275,116

 
—

 
275,116

Equity option contracts
 
202,883

 
13,900

 
—

 
13,900

 
(554
)
 
13,346

Total customer risk management programs
 
15,733,499

 
406,454

 
(41,393
)
 
365,061

 
(4,252
)
 
360,809

Interest rate risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
15,733,499

 
$
406,454

 
$
(41,393
)
 
$
365,061

 
$
(4,252
)
 
$
360,809

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
13,702,440

 
$
45,889

 
$
(25,263
)
 
$
20,626

 
$
—

 
$
20,626

Interest rate swaps
 
1,171,163

 
34,316

 
—

 
34,316

 
(15,145
)
 
19,171

Energy contracts
 
844,976

 
35,583

 
(15,660
)
 
19,923

 
—

 
19,923

Agricultural contracts
 
49,911

 
2,404

 
(470
)
 
1,934

 
(1,888
)
 
46

Foreign exchange contracts
 
336,661

 
274,829

 
—

 
274,829

 
(1,729
)
 
273,100

Equity option contracts
 
202,883

 
13,900

 
—

 
13,900

 
—

 
13,900

Total customer risk management programs
 
16,308,034

 
406,921

 
(41,393
)
 
365,528

 
(18,762
)
 
346,766

Interest rate risk management programs
 
47,000

 
1,921

 
—

 
1,921

 
—

 
1,921

Total derivative contracts
 
$
16,355,034

 
$
408,842

 
$
(41,393
)
 
$
367,449

 
$
(18,762
)
 
$
348,687

1 
Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.
Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block]
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands):
 
 
Three Months Ended
 
 
September 30, 2015
 
September 30, 2014
 
 
Brokerage
and Trading Revenue
 
Gain (Loss) on Derivatives, Net
 
Brokerage
and Trading
Revenue
 
Gain (Loss)on Derivatives, Net
Customer risk management programs:
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
7,914

 
$
—

 
$
7,547

 
$
—

Interest rate swaps
 
411

 
—

 
967

 
—

Energy contracts
 
771

 
—

 
1,523

 
—

Agricultural contracts
 
44

 
—

 
26

 
—

Foreign exchange contracts
 
152

 
—

 
806

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
9,292

 
—

 
10,869

 
—

Interest rate risk management programs
 
(199
)
 
1,283

 
—

 
(93
)
Total derivative contracts
 
$
9,093

 
$
1,283

 
$
10,869

 
$
(93
)


 
 
Nine Months Ended
 
 
September 30, 2015
 
September 30, 2014
 
 
Brokerage
and Trading Revenue
 
Gain (Loss) on Derivatives, Net
 
Brokerage
and Trading
Revenue
 
Gain (Loss) on Derivatives, Net
Customer risk management programs:
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
25,942

 
$
—

 
$
19,322

 
$
—

Interest rate swaps
 
1,495

 
—

 
1,998

 
—

Energy contracts
 
3,138

 
—

 
5,007

 
—

Agricultural contracts
 
86

 
—

 
127

 
—

Foreign exchange contracts
 
618

 
—

 
1,358

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
31,279

 
—

 
27,812

 
—

Interest rate risk management programs
 
(199
)
 
1,162

 
—

 
1,706

Total derivative contracts
 
$
31,080

 
$
1,162

 
$
27,812

 
$
1,706