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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2017
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 June 30, 2017 (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
 
$
16,174,687

 
$
57,948

 
$
(29,034
)
 
$
28,914

 
$
—

 
$
28,914

Interest rate swaps
 
1,450,193

 
29,932

 
—

 
29,932

 
(2,206
)
 
27,726

Energy contracts
 
891,480

 
56,824

 
(20,546
)
 
36,278

 
(21,267
)
 
15,011

Agricultural contracts
 
45,250

 
3,541

 
(1,027
)
 
2,514

 
—

 
2,514

Foreign exchange contracts
 
169,529

 
162,429

 
—

 
162,429

 
(7
)
 
162,422

Equity option contracts
 
100,159

 
4,437

 
—

 
4,437

 
(920
)
 
3,517

Total customer risk management programs
 
18,831,298

 
315,111

 
(50,607
)
 
264,504

 
(24,400
)
 
240,104

Internal risk management programs
 
10,680,498

 
40,185

 
—

 
40,185

 
—

 
40,185

Total derivative contracts
 
$
29,511,796

 
$
355,296

 
$
(50,607
)
 
$
304,689

 
$
(24,400
)
 
$
280,289

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
16,174,687

 
$
53,829

 
$
(29,034
)
 
$
24,795

 
$
—

 
$
24,795

Interest rate swaps
 
1,450,193

 
29,982

 
—

 
29,982

 
(15,396
)
 
14,586

Energy contracts
 
874,625

 
53,895

 
(20,546
)
 
33,349

 
—

 
33,349

Agricultural contracts
 
45,262

 
3,538

 
(1,027
)
 
2,511

 
(2,511
)
 
—

Foreign exchange contracts
 
169,553

 
162,276

 
—

 
162,276

 
(3,188
)
 
159,088

Equity option contracts
 
100,159

 
4,437

 
—

 
4,437

 
—

 
4,437

Total customer risk management programs
 
18,814,479

 
307,957

 
(50,607
)
 
257,350

 
(21,095
)
 
236,255

Internal risk management programs
 
8,310,950

 
49,564

 
—

 
49,564

 
—

 
49,564

Total derivative contracts
 
$
27,125,429

 
$
357,521

 
$
(50,607
)
 
$
306,914

 
$
(21,095
)
 
$
285,819

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, 2016 (in thousands):

 
 
Assets
 
 
Notional 1
 
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
 
$
16,949,152

 
$
180,695

 
$
(60,555
)
 
$
120,140

 
$
—

 
$
120,140

Interest rate swaps
 
1,403,408

 
34,442

 
—

 
34,442

 
(4,567
)
 
29,875

Energy contracts
 
835,566

 
64,140

 
(28,298
)
 
35,842

 
(71
)
 
35,771

Agricultural contracts
 
53,209

 
1,382

 
(515
)
 
867

 
—

 
867

Foreign exchange contracts
 
580,886

 
494,349

 
—

 
494,349

 
(5,183
)
 
489,166

Equity option contracts
 
100,924

 
4,357

 
—

 
4,357

 
(730
)
 
3,627

Total customer risk management programs
 
19,923,145

 
779,365

 
(89,368
)
 
689,997

 
(10,551
)
 
679,446

Internal risk management programs
 
2,514,169

 
10,426

 
—

 
10,426

 
—

 
10,426

Total derivative contracts
 
$
22,437,314

 
$
789,791

 
$
(89,368
)
 
$
700,423

 
$
(10,551
)
 
$
689,872

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
Notional 1
 
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
 
$
16,637,532

 
$
176,928

 
$
(60,555
)
 
$
116,373

 
$
—

 
$
116,373

Interest rate swaps
 
1,403,408

 
34,442

 
—

 
34,442

 
(11,977
)
 
22,465

Energy contracts
 
820,365

 
64,306

 
(28,298
)
 
36,008

 
(31,534
)
 
4,474

Agricultural contracts
 
53,216

 
1,365

 
(515
)
 
850

 
(769
)
 
81

Foreign exchange contracts
 
580,712

 
494,695

 
—

 
494,695

 
(3,630
)
 
491,065

Equity option contracts
 
100,924

 
4,357

 
—

 
4,357

 
—

 
4,357

Total customer risk management programs
 
19,596,157

 
776,093

 
(89,368
)
 
686,725

 
(47,910
)
 
638,815

Internal risk management programs
 
2,582,202

 
25,716

 
—

 
25,716

 
—

 
25,716

Total derivative contracts
 
$
22,178,359

 
$
801,809

 
$
(89,368
)
 
$
712,441

 
$
(47,910
)
 
$
664,531

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 June 30, 2016 (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
 
$
18,774,134

 
$
183,118

 
$
(67,383
)
 
$
115,735

 
$
—

 
$
115,735

Interest rate swaps
 
1,299,985

 
54,978

 
—

 
54,978

 
(1,100
)
 
53,878

Energy contracts
 
757,669

 
59,103

 
(33,996
)
 
25,107

 
(155
)
 
24,952

Agricultural contracts
 
50,848

 
2,488

 
(1,609
)
 
879

 
(37
)
 
842

Foreign exchange contracts
 
701,436

 
675,804

 
—

 
675,804

 
(5,054
)
 
670,750

Equity option contracts
 
116,901

 
4,236

 
—

 
4,236

 
(478
)
 
3,758

Total customer risk management programs
 
21,700,973

 
979,727

 
(102,988
)
 
876,739

 
(6,824
)
 
869,915

Internal risk management programs
 
1,337,000

 
13,758

 
—

 
13,758

 
—

 
13,758

Total derivative contracts
 
$
23,037,973

 
$
993,485

 
$
(102,988
)
 
$
890,497

 
$
(6,824
)
 
$
883,673

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
18,662,334

 
$
179,443

 
$
(67,383
)
 
$
112,060

 
$
(103,724
)
 
$
8,336

Interest rate swaps
 
1,299,985

 
55,404

 
—

 
55,404

 
(32,597
)
 
22,807

Energy contracts
 
734,538

 
58,033

 
(33,996
)
 
24,037

 
(11,784
)
 
12,253

Agricultural contracts
 
50,843

 
2,476

 
(1,609
)
 
867

 
—

 
867

Foreign exchange contracts
 
701,219

 
675,383

 
—

 
675,383

 
(4,723
)
 
670,660

Equity option contracts
 
116,901

 
4,236

 
—

 
4,236

 
—

 
4,236

Total customer risk management programs
 
21,565,820

 
974,975

 
(102,988
)
 
871,987

 
(152,828
)
 
719,159

Internal risk management programs
 
—

 
—

 
—

 
—

 
—

 
—

Total derivative contracts
 
$
21,565,820

 
$
974,975

 
$
(102,988
)
 
$
871,987

 
$
(152,828
)
 
$
719,159

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
 
 
June 30, 2017
 
June 30, 2016
 
 
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
 
$
9,205

 
$
—

 
$
9,862

 
$
—

Interest rate swaps
 
665

 
—

 
723

 
—

Energy contracts
 
1,666

 
—

 
2,749

 
—

Agricultural contracts
 
11

 
—

 
32

 
—

Foreign exchange contracts
 
90

 
—

 
134

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
11,637

 
—

 
13,500

 
—

Internal risk management programs
 
6,485

 
3,241

 
(9
)
 
10,766

Total derivative contracts
 
$
18,122

 
$
3,241

 
$
13,491

 
$
10,766


 
 
Six Months Ended
 
 
June 30, 2017
 
June 30, 2016
 
 
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
 
$
17,232

 
$
—

 
$
17,302

 
$
—

Interest rate swaps
 
1,124

 
—

 
1,048

 
—

Energy contracts
 
4,539

 
—

 
3,445

 
—

Agricultural contracts
 
20

 
—

 
61

 
—

Foreign exchange contracts
 
360

 
—

 
512

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
23,275

 
—

 
22,368

 
—

Internal risk management programs
 
6,018

 
2,791

 
(9
)
 
17,904

Total derivative contracts
 
$
29,293

 
$
2,791

 
$
22,359

 
$
17,904