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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instrument Detail [Abstract]  
Derivative Contracts [Table Text Block]
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at September 30, 2013 (in thousands):
 
 
Assets
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
12,455,689

 
$
224,392

 
$
(99,970
)
 
$
124,422

 
$
(5,191
)
 
$
119,231

Interest rate swaps
 
1,361,499

 
49,183

 
—

 
49,183

 
—

 
49,183

Energy contracts
 
1,412,238

 
73,293

 
(42,078
)
 
31,215

 
(606
)
 
30,609

Agricultural contracts
 
262,770

 
5,783

 
(3,430
)
 
2,353

 
—

 
2,353

Foreign exchange contracts
 
164,970

 
164,970

 
—

 
164,970

 
—

 
164,970

Equity option contracts
 
212,452

 
14,339

 
—

 
14,339

 
(3,360
)
 
10,979

Total customer risk management programs
 
15,869,618

 
531,960

 
(145,478
)
 
386,482

 
(9,157
)
 
377,325

Interest rate risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
15,869,618

 
$
531,960

 
$
(145,478
)
 
$
386,482

 
$
(9,157
)
 
$
377,325

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional¹
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
12,529,704

 
$
221,720

 
$
(99,970
)
 
$
121,750

 
$
(118,166
)
 
$
3,584

Interest rate swaps
 
1,361,499

 
49,518

 
—

 
49,518

 
(21,240
)
 
28,278

Energy contracts
 
1,400,542

 
71,971

 
(42,078
)
 
29,893

 
(10,762
)
 
19,131

Agricultural contracts
 
261,782

 
5,731

 
(3,430
)
 
2,301

 
(2,242
)
 
59

Foreign exchange contracts
 
164,455

 
164,455

 
—

 
164,455

 
—

 
164,455

Equity option contracts
 
212,452

 
14,339

 
—

 
14,339

 
—

 
14,339

Total customer risk management programs
 
15,930,434

 
527,734

 
(145,478
)
 
382,256

 
(152,410
)
 
229,846

Interest rate risk management programs
 
47,000

 
2,698

 
—

 
2,698

 
—

 
2,698

Total derivative contracts
 
$
15,977,434

 
$
530,432

 
$
(145,478
)
 
$
384,954

 
$
(152,410
)
 
$
232,544

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, 2012 (in thousands):

 
 
Assets
 
 
Notional
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
12,850,805

 
$
46,113

 
$
(15,656
)
 
$
30,457

 
$
—

 
$
30,457

Interest rate swaps
 
1,319,827

 
72,201

 
—

 
72,201

 
—

 
72,201

Energy contracts
 
1,346,780

 
82,349

 
(44,485
)
 
37,864

 
(3,464
)
 
34,400

Agricultural contracts
 
212,434

 
3,638

 
(3,164
)
 
474

 
—

 
474

Foreign exchange contracts
 
180,318

 
180,318

 
—

 
180,318

 
—

 
180,318

Equity option contracts
 
211,941

 
12,593

 
—

 
12,593

 
—

 
12,593

Total customer risk management programs
 
16,122,105

 
397,212

 
(63,305
)
 
333,907

 
(3,464
)
 
330,443

Interest rate risk management programs
 
66,000

 
7,663

 
—

 
7,663

 
—

 
7,663

Total derivative contracts
 
$
16,188,105

 
$
404,875

 
$
(63,305
)
 
$
341,570

 
$
(3,464
)
 
$
338,106

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
13,239,078

 
$
43,064

 
$
(15,656
)
 
$
27,408

 
$
(15,467
)
 
$
11,941

Interest rate swaps
 
1,319,827

 
72,724

 
—

 
72,724

 
(31,945
)
 
40,779

Energy contracts
 
1,334,349

 
83,654

 
(44,485
)
 
39,169

 
(1,769
)
 
37,400

Agricultural contracts
 
212,135

 
3,571

 
(3,164
)
 
407

 
(188
)
 
219

Foreign exchange contracts
 
179,852

 
179,852

 
—

 
179,852

 
—

 
179,852

Equity option contracts
 
211,941

 
12,593

 
—

 
12,593

 
—

 
12,593

Total customer risk management programs
 
16,497,182

 
395,458

 
(63,305
)
 
332,153

 
(49,369
)
 
282,784

Interest rate risk management programs
 
50,000

 
805

 
—

 
805

 
—

 
805

Total derivative contracts
 
$
16,547,182

 
$
396,263

 
$
(63,305
)
 
$
332,958

 
$
(49,369
)
 
$
283,589

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 September 30, 2012 (in thousands):
 
 
Assets
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
14,858,520

 
$
276,678

 
$
(121,573
)
 
$
155,105

 
$
(7,287
)
 
$
147,818

Interest rate swaps
 
1,301,109

 
79,350

 
—

 
79,350

 
—

 
79,350

Energy contracts
 
1,556,164

 
105,588

 
(67,030
)
 
38,558

 
(3,866
)
 
34,692

Agricultural contracts
 
198,735

 
6,835

 
(6,011
)
 
824

 
—

 
824

Foreign exchange contracts
 
150,232

 
150,232

 
—

 
150,232

 
—

 
150,232

Equity option contracts
 
217,283

 
14,460

 
—

 
14,460

 
—

 
14,460

Total customer risk management programs
 
18,282,043

 
633,143

 
(194,614
)
 
438,529

 
(11,153
)
 
427,376

Interest rate risk management programs
 
66,000

 
8,277

 
—

 
8,277

 
—

 
8,277

Total derivative contracts
 
$
18,348,043

 
$
641,420

 
$
(194,614
)
 
$
446,806

 
$
(11,153
)
 
$
435,653

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional1
 
Gross Fair Value
 
Netting Adjustments
 
Net Fair Value Before Cash Collateral
 
Cash Collateral
 
Fair Value Net of Cash Collateral
Customer risk management programs:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
14,738,232

 
$
274,195

 
$
(121,573
)
 
$
152,622

 
$
(143,945
)
 
$
8,677

Interest rate swaps
 
1,301,109

 
79,937

 
—

 
79,937

 
(37,841
)
 
42,096

Energy contracts
 
1,596,791

 
107,556

 
(67,030
)
 
40,526

 
(2,836
)
 
37,690

Agricultural contracts
 
195,068

 
6,750

 
(6,011
)
 
739

 
—

 
739

Foreign exchange contracts
 
149,977

 
149,977

 
—

 
149,977

 
—

 
149,977

Equity option contracts
 
217,283

 
14,460

 
—

 
14,460

 
—

 
14,460

Total customer risk management programs
 
18,198,460

 
632,875

 
(194,614
)
 
438,261

 
(184,622
)
 
253,639

Interest rate risk management programs
 
25,000

 
783

 
—

 
783

 
—

 
783

Total derivative contracts
 
$
18,223,460

 
$
633,658

 
$
(194,614
)
 
$
439,044

 
$
(184,622
)
 
$
254,422

1 
Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.
Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block]
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands):
 
 
Three Months Ended
 
 
September 30, 2013
 
September 30, 2012
 
 
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
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
(2,078
)
 
$
—

 
$
(803
)
 
$
—

Interest rate swaps
 
679

 
—

 
706

 
—

Energy contracts
 
1,682

 
—

 
1,856

 
—

Agricultural contracts
 
69

 
—

 
115

 
—

Foreign exchange contracts
 
192

 
—

 
124

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
544

 
—

 
1,998

 
—

Interest Rate Risk Management Programs
 
—

 
31

 
—

 
464

Total Derivative Contracts
 
$
544

 
$
31

 
$
1,998

 
$
464


 
 
Nine Months Ended
 
 
September 30, 2013
 
September 30, 2012
 
 
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
 
 
 
 
 
 
 
 
To-be-announced residential mortgage-backed securities
 
$
(377
)
 
$
—

 
$
504

 
$
—

Interest rate swaps
 
2,214

 
—

 
2,850

 
—

Energy contracts
 
5,901

 
—

 
6,754

 
—

Agricultural contracts
 
254

 
—

 
298

 
—

Foreign exchange contracts
 
552

 
—

 
455

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
8,544

 
—

 
10,861

 
—

Interest Rate Risk Management Programs
 
—

 
(3,437
)
 
—

 
336

Total Derivative Contracts
 
$
8,544

 
$
(3,437
)
 
$
10,861

 
$
336