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Netting Arrangements for Certain Financial Instruments and Securities Financing Activities (Tables)
6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Summary of Maturities by Category of Collateral Pledged for Repurchase Agreements and Securities Loaned Transactions

The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions:

 

(Dollars in Millions)   Overnight and
Continuous
     Less Than
30 Days
     Total  

June 30, 2016

       

Repurchase agreements

       

U.S. Treasury and agencies

  $ 111       $       $ 111   

Residential agency mortgage-backed securities

    712         85         797   

Total repurchase agreements

    823         85         908   

Securities loaned

       

Corporate debt securities

    75                 75   

Total securities loaned

    75                 75   

Gross amount of recognized liabilities

  $ 898       $ 85       $ 983   

December 31, 2015

       

Repurchase agreements

       

U.S. Treasury and agencies

  $ 122       $       $ 122   

Residential agency mortgage-backed securities

    802         168         970   

Gross amount of recognized liabilities

  $ 924       $ 168       $ 1,092   
Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default

The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but available for offset in the event of default:

 

    Gross
Recognized
Assets
     Gross Amounts
Offset on the
Consolidated
Balance Sheet (a)
    Net Amounts
Presented on the
Consolidated
Balance Sheet
     Gross Amounts Not Offset on the
Consolidated Balance Sheet
   

 

Net Amount

 
(Dollars in Millions)           Financial
Instruments (b)
    Collateral
Received (c)
   

June 30, 2016

                                                 

Derivative assets (d)

  $ 2,882       $ (1,130   $ 1,752       $ (133   $ (9   $ 1,610   

Reverse repurchase agreements

    86                86         (9     (77       

Securities borrowed

    651                651                (633     18   

Total

  $ 3,619       $ (1,130   $ 2,489       $ (142   $ (719   $ 1,628   

December 31, 2015

             

Derivative assets (d)

  $ 1,879       $ (807   $ 1,072       $ (82   $      $ 990   

Reverse repurchase agreements

    106                106         (102     (4       

Securities borrowed

    772                772                (753     19   

Total

  $ 2,757       $ (807   $ 1,950       $ (184   $ (757   $ 1,009   

 

(a) Includes $209 million and $165 million of cash collateral related payables that were netted against derivative assets at June 30, 2016 and December 31, 2015, respectively.
(b) For derivative assets this includes any derivative liability fair values that could be offset in the event of counterparty default; for reverse repurchase agreements this includes any repurchase agreement payables that could be offset in the event of counterparty default; for securities borrowed this includes any securities loaned payables that could be offset in the event of counterparty default.
(c) Includes the fair value of securities received by the Company from the counterparty. These securities are not included on the Consolidated Balance Sheet unless the counterparty defaults.
(d) Excludes $1.6 billion and $368 million of derivative assets centrally cleared or otherwise not subject to netting arrangements at June 30, 2016 and December 31, 2015, respectively.
Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default
    Gross
Recognized
Liabilities
     Gross Amounts
Offset on the
Consolidated
Balance Sheet (a)
    Net Amounts
Presented on the
Consolidated
Balance Sheet
     Gross Amounts Not Offset on the
Consolidated Balance Sheet
   

Net Amount

 
(Dollars in Millions)           Financial
Instruments (b)
    Collateral
Pledged (c)
   

June 30, 2016

                                                 

Derivative liabilities (d)

  $ 2,447       $ (1,869   $ 578       $ (133   $      $ 445   

Repurchase agreements

    908                908         (9     (899       

Securities loaned

    75                75                (74     1   

Total

  $ 3,430       $ (1,869   $ 1,561       $ (142   $ (973   $ 446   

December 31, 2015

             

Derivative liabilities (d)

  $ 1,809       $ (1,283   $ 526       $ (82   $      $ 444   

Repurchase agreements

    1,092                1,092         (102     (990       

Total

  $ 2,901       $ (1,283   $ 1,618       $ (184   $ (990   $ 444   

 

(a) Includes $948 million and $641 million of cash collateral related receivables that were netted against derivative liabilities at June 30, 2016 and December 31, 2015, respectively.
(b) For derivative liabilities this includes any derivative asset fair values that could be offset in the event of counterparty default; for repurchase agreements this includes any reverse repurchase agreement receivables that could be offset in the event of counterparty default; for securities loaned this includes any securities borrowed receivables that could be offset in the event of counterparty default.
(c) Includes the fair value of securities pledged by the Company to the counterparty. These securities are included on the Consolidated Balance Sheet unless the Company defaults.
(d) Excludes $2.2 billion and $576 million of derivative liabilities centrally cleared or otherwise not subject to netting arrangements at June 30, 2016 and December 31, 2015, respectively.