Offsetting Assets and Liabilities (Notes)

3 Months Ended

Mar. 31, 2019

Offsetting Assets and Liabilities [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:

	March 31, 2019
(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	$	739	$	(301	)	$	438	$	—		$	—		$	438
Derivatives (included in other assets)	82		—			82		(21		)	(5		)	56
Total assets	$	821	$	(301	)	$	520	$	(21	)	$	(5	)	$	494
Liabilities:
Federal funds and other short-term borrowings	$	5,245	$	(301	)	$	4,944	$	—		$	—		$	4,944
Derivatives (included in other liabilities)	25		—			25		(21		)	—			4
Total Liabilities	$	5,270	$	(301	)	$	4,969	$	(21	)	$	—		$	4,948

	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	$	1506	$	—	$	1506	$	(35	)	$	(3	)	$	1468
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

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.