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Offsetting Assets and Liabilities
 12 Months Ended
Dec. 31, 2018
Gross and net information for selecting financial instruments [Abstract]  
Cash, Cash Equivalents, and Short-term Investments [Text Block]
OFFSETTING ASSETS AND LIABILITIES
Gross and net information for selected financial instruments in the balance sheet is as follows:
 
 
December 31, 2018
(In millions)
 
 
 
 
 
 
 
Gross amounts not offset in the balance sheet
 
 
Description
 
Gross amounts recognized
 
Gross amounts offset in the balance sheet
 
Net amounts presented in the balance sheet
 
Financial instruments
 
Cash collateral received/pledged
 
Net amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold and security resell agreements
 
$
1,461

 
$
—

 
$
1,461

 
$
—

 
$
—

 
$
1,461

Derivatives (included in other assets)
 
45

 
—

 
45

 
(35
)
 
(3
)
 
7

Total assets
 
$
1,506

 
$
—

 
$
1,506

 
$
(35
)
 
$
(3
)
 
$
1,468

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds and other short-term borrowings
 
$
5,653

 
$
—

 
$
5,653

 
$
—

 
$
—

 
$
5,653

Derivatives (included in other liabilities)
 
39

 
—

 
39

 
(35
)
 
(1
)
 
3

Total liabilities
 
$
5,692

 
$
—

 
$
5,692

 
$
(35
)

$
(1
)

$
5,656

 
 
December 31, 2017
(In millions)
 
 
 
 
 
 
 
Gross amounts not offset in the balance sheet
 
 
Description
 
Gross amounts recognized
 
Gross amounts offset in the balance sheet
 
Net amounts presented in the balance sheet
 
Financial instruments
 
Cash collateral received/pledged
 
Net amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold and security resell agreements
 
$
809

 
$
(295
)
 
$
514

 
$
—

 
$
—

 
$
514

Derivatives (included in other assets)
 
38

 
—

 
38

 
(9
)
 
(1
)
 
28

Total assets
 
$
847

 
$
(295
)
 
$
552

 
$
(9
)
 
$
(1
)
 
$
542

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds and other short-term borrowings
 
$
5,271

 
$
(295
)
 
$
4,976

 
$
—

 
$
—

 
$
4,976

Derivatives (included in other liabilities)
 
40

 
—

 
40

 
(9
)
 
(6
)
 
25

Total liabilities
 
$
5,311

 
$
(295
)
 
$
5,016

 
$
(9
)
 
$
(6
)
 
$
5,001

Security repurchase and reverse repurchase (“resell”) agreements are offset, when applicable, in the balance sheet according to master netting agreements. Security repurchase agreements are included with “Federal funds and other short-term borrowings.” Derivative instruments may be offset under their master netting agreements; however, for accounting purposes, we present these items on a gross basis in the Bank’s balance sheet. See Note 7 for further information regarding derivative instruments.