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Derivatives
 12 Months Ended
Dec. 31, 2023
Derivative Instrument Detail [Abstract]  
Derivatives [Text Block] Derivatives
 
The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2023 (in thousands):
Assets
 
Notional1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,754,476 $108,450 $(6,810)$101,640 $(94,608)$7,032 
Energy contracts7,846,190 836,425 (399,148)437,277 (169,141)268,136 
Foreign exchange contracts54,999 53,863 — 53,863 (872)52,991 
Equity option contracts3,316 54 — 54 (44)10 
Total customer risk management programs10,658,981 998,792 (405,958)592,834 (264,665)328,169 
Trading16,264,818 118,545 (37,111)81,434 (6,996)74,438 
Interest rate risk management programs425,014 7,697 — 7,697 — 7,697 
Total derivative contracts$27,348,813 $1,125,034 $(443,069)$681,965 $(271,661)$410,304 
Liabilities
 Notional¹Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,754,476 $108,402 $(6,810)$101,592 $— $101,592 
Energy contracts8,254,004 831,467 (399,148)432,319 (6,441)425,878 
Foreign exchange contracts54,405 53,065 — 53,065 — 53,065 
Equity option contracts3,316 54 — 54 — 54 
Total customer risk management programs11,066,201 992,988 (405,958)587,030 (6,441)580,589 
Trading20,644,156 224,648 (37,111)187,537 (181,917)5,620 
Interest rate risk management programs2,244 1,264 — 1,264 — 1,264 
Total derivative contracts$31,712,601 $1,218,900 $(443,069)$775,831 $(188,358)$587,473 
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, 2022 (in thousands):
Assets
 
Notional1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,629,318 $158,825 $— $158,825 $(114,955)$43,870 
Energy contracts7,918,020 1,232,283 (594,543)637,740 (67,024)570,716 
Foreign exchange contracts219,791 216,569 — 216,569 — 216,569 
Equity option contracts21,102 193 — 193 (109)84 
Total customer risk management programs10,788,231 1,607,870 (594,543)1,013,327 (182,088)831,239 
Trading17,400,037 126,910 (74,647)52,263 (4,646)47,617 
Internal risk management programs85,000 1,500 (13)1,487 — 1,487 
Total derivative contracts$28,273,268 $1,736,280 $(669,203)$1,067,077 $(186,734)$880,343 
Liabilities
 Notional¹Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,629,122 $158,816 $— $158,816 $— $158,816 
Energy contracts8,696,060 1,242,058 (594,543)647,515 (484,319)163,196 
Foreign exchange contracts214,855 211,233 — 211,233 (7)211,226 
Equity option contracts21,102 193 — 193 — 193 
Total customer risk management programs11,561,139 1,612,300 (594,543)1,017,757 (484,326)533,431 
Trading14,038,906 94,958 (74,647)20,311 (423)19,888 
Internal risk management programs178,806 1,594 (13)1,581 — 1,581 
Total derivative contracts$25,778,851 $1,708,852 $(669,203)$1,039,649 $(484,749)$554,900 
1    Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the Consolidated Statements of Earnings (in thousands):
 Year Ended December 31,
202320222021
 Brokerage
and Trading Revenue		Gain (Loss)
on Derivatives, Net		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$5,531 $— $10,690 $— $5,503 $— 
Energy contracts30,715 — 34,435 — 14,190 — 
Agricultural contracts— — — — 27 — 
Foreign exchange contracts276 — 591 — 712 — 
Total customer risk management programs36,522 — 45,716 — 20,432 — 
Trading1
(139,235)— 48,616 — (11,453)— 
Internal risk management programs
— (9,921)— (73,011)— (19,378)
Total derivative contracts$(102,713)$(9,921)$94,332 $(73,011)$8,979 $(19,378)
1    Includes changes in fair value of to-be-announced U.S. agency residential mortgage-backed securities and other derivative instruments offered to mortgage banking customers to manage their market risk or held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and trading revenue in the Consolidated Statements of Earnings.

As discussed in Note 7, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 7 for additional discussion of notional, fair value and impact on earnings of these contracts.

No derivative contracts have been designated as hedging instruments for financial reporting purposes.