XML 59 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Securities Financing Activities (Tables)
 9 Months Ended
Sep. 30, 2017
Banking and Thrift [Abstract]  
Summarized Securities Financing Agreements
The following table summarizes our securities financing agreements at September 30, 2017, and December 31, 2016:

 
September 30, 2017
in millions
Gross Amount
Presented in
Balance Sheet
Netting
Adjustments (a)
Collateral (b)
Net
Amounts
Offsetting of financial assets:
 
 
 
 
Reverse repurchase agreements
$
11

$
(9
)
$
(2
)
—

Total
$
11

$
(9
)
$
(2
)
—

 
 
 
 
 
Offsetting of financial liabilities:
 
 
 
 
Repurchase agreements (c)
$
365

$
(9
)
$
(356
)
—

Total
$
365

$
(9
)
$
(356
)
—

 
 
 
 
 
 
December 31, 2016
in millions
Gross Amount
Presented in
Balance Sheet
Netting Adjustments (a)
Collateral (b)
Net
Amounts
Offsetting of financial assets:
 
 
 
 
Reverse repurchase agreements
$
3

$
(3
)
—

—

Total
$
3

$
(3
)
—

—

 
 
 
 
 
Offsetting of financial liabilities:
 
 
 
 
Repurchase agreements (c)
$
497

$
(3
)
$
(494
)
—

Total
$
497

$
(3
)
$
(494
)
—

 
 
 
 
 
(a)
Netting adjustments take into account the impact of master netting agreements that allow us to settle with a single counterparty on a net basis.
(b)
These adjustments take into account the impact of bilateral collateral agreements that allow us to offset the net positions with the related collateral. The application of collateral cannot reduce the net position below zero. Therefore, excess collateral, if any, is not reflected above.
(c)
Repurchase agreements are collateralized by federal agency CMOs and U.S. Treasury securities and contracted on an overnight basis. These securities are reported in “securities available for sale” on our balance sheet.