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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2018
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 June 30, 2018 (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
 
$
15,027,678

 
$
52,681

 
$
(17,382
)
 
$
35,299

 
$
—

 
$
35,299

Interest rate swaps
 
1,745,237

 
43,040

 
(2,193
)
 
40,847

 
(11,737
)
 
29,110

Energy contracts
 
1,465,826

 
200,640

 
(69,991
)
 
130,649

 
—

 
130,649

Agricultural contracts
 
23,508

 
1,164

 
(181
)
 
983

 
(741
)
 
242

Foreign exchange contracts
 
174,851

 
170,556

 
—

 
170,556

 
(290
)
 
170,266

Equity option contracts
 
93,943

 
4,121

 
—

 
4,121

 
(660
)
 
3,461

Total customer risk management programs
 
18,531,043

 
472,202

 
(89,747
)
 
382,455

 
(13,428
)
 
369,027

Internal risk management programs
 
9,672,639

 
14,760

 
(10,413
)
 
4,347

 
—

 
4,347

Total derivative contracts
 
$
28,203,682

 
$
486,962

 
$
(100,160
)
 
$
386,802

 
$
(13,428
)
 
$
373,374

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
14,443,478

 
$
49,343

 
$
(17,382
)
 
$
31,961

 
$
(31,808
)
 
$
153

Interest rate swaps
 
1,745,237

 
43,043

 
(2,193
)
 
40,850

 
(4,946
)
 
35,904

Energy contracts
 
1,434,980

 
199,119

 
(69,990
)
 
129,129

 
(112,481
)
 
16,648

Agricultural contracts
 
23,496

 
1,142

 
(181
)
 
961

 
—

 
961

Foreign exchange contracts
 
161,567

 
157,174

 
(1
)
 
157,173

 
(517
)
 
156,656

Equity option contracts
 
93,943

 
4,121

 
—

 
4,121

 
—

 
4,121

Total customer risk management programs
 
17,902,701

 
453,942

 
(89,747
)
 
364,195

 
(149,752
)
 
214,443

Internal risk management programs
 
11,648,514

 
30,826

 
(10,413
)
 
20,413

 
—

 
20,413

Total derivative contracts
 
$
29,551,215

 
$
484,768

 
$
(100,160
)
 
$
384,608

 
$
(149,752
)
 
$
234,856

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, 2017 (in thousands):

 
 
Assets
 
 
Notional 1
 
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
 
$
12,347,542

 
$
23,606

 
$
(18,096
)
 
$
5,510

 
$
—

 
$
5,510

Interest rate swaps
 
1,478,944

 
28,278

 
—

 
28,278

 
(4,964
)
 
23,314

Energy contracts
 
1,190,067

 
103,044

 
(47,873
)
 
55,171

 
(196
)
 
54,975

Agricultural contracts
 
53,238

 
1,576

 
(960
)
 
616

 
—

 
616

Foreign exchange contracts
 
132,397

 
129,551

 
—

 
129,551

 
(448
)
 
129,103

Equity option contracts
 
99,633

 
5,503

 
—

 
5,503

 
(920
)
 
4,583

Total customer risk management programs
 
15,301,821

 
291,558

 
(66,929
)
 
224,629

 
(6,528
)
 
218,101

Internal risk management programs
 
4,736,701

 
9,494

 
(7,093
)
 
2,401

 
—

 
2,401

Total derivative contracts
 
$
20,038,522

 
$
301,052

 
$
(74,022
)
 
$
227,030

 
$
(6,528
)
 
$
220,502

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional 1
 
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
 
$
11,537,742

 
$
20,367

 
$
(18,096
)
 
$
2,271

 
$
(704
)
 
$
1,567

Interest rate swaps
 
1,478,944

 
28,298

 
—

 
28,298

 
(12,896
)
 
15,402

Energy contracts
 
1,166,924

 
101,603

 
(47,873
)
 
53,730

 
(42,767
)
 
10,963

Agricultural contracts
 
48,552

 
1,551

 
(960
)
 
591

 
—

 
591

Foreign exchange contracts
 
126,251

 
123,321

 
—

 
123,321

 
(53
)
 
123,268

Equity option contracts
 
99,633

 
5,503

 
—

 
5,503

 
—

 
5,503

Total customer risk management programs
 
14,458,046

 
280,643

 
(66,929
)
 
213,714

 
(56,420
)
 
157,294

Internal risk management programs
 
5,728,421

 
21,762

 
(7,093
)
 
14,669

 
—

 
14,669

Total derivative contracts
 
$
20,186,467

 
$
302,405

 
$
(74,022
)
 
$
228,383

 
$
(56,420
)
 
$
171,963

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 June 30, 2017 (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
 
$
16,174,687

 
$
57,948

 
$
(29,034
)
 
$
28,914

 
$
—

 
$
28,914

Interest rate swaps
 
1,450,193

 
29,932

 
—

 
29,932

 
(2,206
)
 
27,726

Energy contracts
 
891,480

 
56,824

 
(20,546
)
 
36,278

 
(21,267
)
 
15,011

Agricultural contracts
 
45,250

 
3,541

 
(1,027
)
 
2,514

 
—

 
2,514

Foreign exchange contracts
 
169,529

 
162,429

 
—

 
162,429

 
(7
)
 
162,422

Equity option contracts
 
100,159

 
4,437

 
—

 
4,437

 
(920
)
 
3,517

Total customer risk management programs
 
18,831,298

 
315,111

 
(50,607
)
 
264,504

 
(24,400
)
 
240,104

Internal risk management programs
 
10,680,498

 
40,185

 
—

 
40,185

 
—

 
40,185

Total derivative contracts
 
$
29,511,796

 
$
355,296

 
$
(50,607
)
 
$
304,689

 
$
(24,400
)
 
$
280,289

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
16,174,687

 
$
53,829

 
$
(29,034
)
 
$
24,795

 
$
—

 
$
24,795

Interest rate swaps
 
1,450,193

 
29,982

 
—

 
29,982

 
(15,396
)
 
14,586

Energy contracts
 
874,625

 
53,895

 
(20,546
)
 
33,349

 
—

 
33,349

Agricultural contracts
 
45,262

 
3,538

 
(1,027
)
 
2,511

 
(2,511
)
 
—

Foreign exchange contracts
 
169,553

 
162,276

 
—

 
162,276

 
(3,188
)
 
159,088

Equity option contracts
 
100,159

 
4,437

 
—

 
4,437

 
—

 
4,437

Total customer risk management programs
 
18,814,479

 
307,957

 
(50,607
)
 
257,350

 
(21,095
)
 
236,255

Internal risk management programs
 
8,310,950

 
49,564

 
—

 
49,564

 
—

 
49,564

Total derivative contracts
 
$
27,125,429

 
$
357,521

 
$
(50,607
)
 
$
306,914

 
$
(21,095
)
 
$
285,819

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
 
 
June 30, 2018
 
June 30, 2017
 
 
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
 
$
7,586

 
$
—

 
$
9,205

 
$
—

Interest rate swaps
 
683

 
—

 
665

 
—

Energy contracts
 
1,416

 
—

 
1,666

 
—

Agricultural contracts
 
15

 
—

 
11

 
—

Foreign exchange contracts
 
96

 
—

 
90

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
9,796

 
—

 
11,637

 
—

Internal risk management programs
 
(981
)
 
(3,057
)
 
6,485

 
3,241

Total derivative contracts
 
$
8,815

 
$
(3,057
)
 
$
18,122

 
$
3,241


 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 
June 30, 2018
 
June 30, 2017
 
 
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
 
$
14,405

 
$
—

 
$
17,232

 
$
—

Interest rate swaps
 
1,439

 
—

 
1,124

 
—

Energy contracts
 
4,556

 
—

 
4,539

 
—

Agricultural contracts
 
30

 
—

 
20

 
—

Foreign exchange contracts
 
272

 
—

 
360

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
20,702

 
—

 
23,275

 
—

Internal risk management programs
 
(2,864
)
 
(8,742
)
 
6,018

 
2,791

Total derivative contracts
 
$
17,838

 
$
(8,742
)
 
$
29,293

 
$
2,791