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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2014
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, 2014 (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
 
$
13,125,309

 
$
48,913

 
$
(25,263
)
 
$
23,650

 
$
—

 
$
23,650

Interest rate swaps
 
1,171,163

 
34,148

 
—

 
34,148

 
(199
)
 
33,949

Energy contracts
 
847,446

 
32,005

 
(15,660
)
 
16,345

 
(3,499
)
 
12,846

Agricultural contracts
 
49,943

 
2,372

 
(470
)
 
1,902

 
—

 
1,902

Foreign exchange contracts
 
336,755

 
275,116

 
—

 
275,116

 
—

 
275,116

Equity option contracts
 
202,883

 
13,900

 
—

 
13,900

 
(554
)
 
13,346

Total customer risk management programs
 
15,733,499

 
406,454

 
(41,393
)
 
365,061

 
(4,252
)
 
360,809

Interest rate risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
15,733,499

 
$
406,454

 
$
(41,393
)
 
$
365,061

 
$
(4,252
)
 
$
360,809

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
13,702,440

 
$
45,889

 
$
(25,263
)
 
$
20,626

 
$
—

 
$
20,626

Interest rate swaps
 
1,171,163

 
34,316

 
—

 
34,316

 
(15,145
)
 
19,171

Energy contracts
 
844,976

 
35,583

 
(15,660
)
 
19,923

 
—

 
19,923

Agricultural contracts
 
49,911

 
2,404

 
(470
)
 
1,934

 
(1,888
)
 
46

Foreign exchange contracts
 
336,661

 
274,829

 
—

 
274,829

 
(1,729
)
 
273,100

Equity option contracts
 
202,883

 
13,900

 
—

 
13,900

 
—

 
13,900

Total customer risk management programs
 
16,308,034

 
406,921

 
(41,393
)
 
365,528

 
(18,762
)
 
346,766

Interest rate risk management programs
 
47,000

 
1,921

 
—

 
1,921

 
—

 
1,921

Total derivative contracts
 
$
16,355,034

 
$
408,842

 
$
(41,393
)
 
$
367,449

 
$
(18,762
)
 
$
348,687

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, 2013 (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
 
$
10,817,159

 
$
102,921

 
$
(46,623
)
 
$
56,298

 
$
—

 
$
56,298

Interest rate swaps
 
1,283,379

 
44,124

 
—

 
44,124

 
(731
)
 
43,393

Energy contracts
 
1,263,266

 
48,078

 
(29,957
)
 
18,121

 
(2,575
)
 
15,546

Agricultural contracts
 
100,886

 
2,060

 
(1,166
)
 
894

 
—

 
894

Foreign exchange contracts
 
136,543

 
136,543

 
—

 
136,543

 
(2,147
)
 
134,396

Equity option contracts
 
210,816

 
17,957

 
—

 
17,957

 
(3,472
)
 
14,485

Total customer risk management programs
 
13,812,049

 
351,683

 
(77,746
)
 
273,937

 
(8,925
)
 
265,012

Interest rate risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
13,812,049

 
$
351,683

 
$
(77,746
)
 
$
273,937

 
$
(8,925
)
 
$
265,012

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
10,982,049

 
$
99,830

 
$
(46,623
)
 
$
53,207

 
$
—

 
$
53,207

Interest rate swaps
 
1,283,379

 
44,377

 
—

 
44,377

 
(17,853
)
 
26,524

Energy contracts
 
1,216,426

 
46,095

 
(29,957
)
 
16,138

 
(6,055
)
 
10,083

Agricultural contracts
 
99,191

 
2,009

 
(1,166
)
 
843

 
—

 
843

Foreign exchange contracts
 
135,237

 
135,237

 
—

 
135,237

 
(294
)
 
134,943

Equity option contracts
 
210,816

 
17,957

 
—

 
17,957

 
—

 
17,957

Total customer risk management programs
 
13,927,098

 
345,505

 
(77,746
)
 
267,759

 
(24,202
)
 
243,557

Interest rate risk management programs
 
47,000

 
3,628

 
—

 
3,628

 
—

 
3,628

Total derivative contracts
 
$
13,974,098

 
$
349,133

 
$
(77,746
)
 
$
271,387

 
$
(24,202
)
 
$
247,185

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, 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.
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, 2014
 
September 30, 2013
 
 
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
 
$
(131
)
 
$
—

 
$
(2,078
)
 
$
—

Interest rate swaps
 
967

 
—

 
679

 
—

Energy contracts
 
1,523

 
—

 
1,682

 
—

Agricultural contracts
 
26

 
—

 
69

 
—

Foreign exchange contracts
 
806

 
—

 
192

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
3,191

 
—

 
544

 
—

Interest Rate Risk Management Programs
 
—

 
(93
)
 
—

 
31

Total Derivative Contracts
 
$
3,191

 
$
(93
)
 
$
544

 
$
31



 
 
Nine Months Ended
 
 
September 30, 2014
 
September 30, 2013
 
 
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
 
$
(67
)
 
$
—

 
$
(377
)
 
$
—

Interest rate swaps
 
1,998

 
—

 
2,214

 
—

Energy contracts
 
5,007

 
—

 
5,901

 
—

Agricultural contracts
 
127

 
—

 
254

 
—

Foreign exchange contracts
 
1,358

 
—

 
552

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
8,423

 
—

 
8,544

 
—

Interest Rate Risk Management Programs
 
—

 
1,706

 
—

 
(3,437
)
Total Derivative Contracts
 
$
8,423

 
$
1,706

 
$
8,544

 
$
(3,437
)