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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2018
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 March 31, 2018 (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
 
$
12,375,681

 
$
49,371

 
$
(36,833
)
 
$
12,538

 
$
—

 
$
12,538

Interest rate swaps
 
1,500,421

 
38,114

 
(2,220
)
 
35,894

 
(9,107
)
 
26,787

Energy contracts
 
1,219,505

 
134,873

 
(59,308
)
 
75,565

 
—

 
75,565

Agricultural contracts
 
60,706

 
2,023

 
(1,256
)
 
767

 
—

 
767

Foreign exchange contracts
 
166,060

 
162,966

 
—

 
162,966

 
(164
)
 
162,802

Equity option contracts
 
99,239

 
3,949

 
—

 
3,949

 
(660
)
 
3,289

Total customer risk management programs
 
15,421,612

 
391,296

 
(99,617
)
 
291,679

 
(9,931
)
 
281,748

Internal risk management programs
 
3,789,270

 
57,387

 
(52,448
)
 
4,939

 
—

 
4,939

Total derivative contracts
 
$
19,210,882

 
$
448,683

 
$
(152,065
)
 
$
296,618

 
$
(9,931
)
 
$
286,687

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
12,229,881

 
$
46,180

 
$
(36,833
)
 
$
9,347

 
$
(6,539
)
 
$
2,808

Interest rate swaps
 
1,500,421

 
38,116

 
(2,220
)
 
35,896

 
(5,674
)
 
30,222

Energy contracts
 
1,193,851

 
131,459

 
(59,308
)
 
72,151

 
(54,199
)
 
17,952

Agricultural contracts
 
60,608

 
1,993

 
(1,256
)
 
737

 
—

 
737

Foreign exchange contracts
 
160,945

 
157,621

 
—

 
157,621

 
—

 
157,621

Equity option contracts
 
99,239

 
3,949

 
—

 
3,949

 
—

 
3,949

Total customer risk management programs
 
15,244,945

 
379,318

 
(99,617
)
 
279,701

 
(66,412
)
 
213,289

Internal risk management programs
 
4,469,374

 
72,361

 
(52,448
)
 
19,913

 
—

 
19,913

Total derivative contracts
 
$
19,714,319

 
$
451,679

 
$
(152,065
)
 
$
299,614

 
$
(66,412
)
 
$
233,202

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, 2017 (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
 
$
12,347,542

 
$
23,606

 
$
(18,096
)
 
$
5,510

 
$
—

 
$
5,510

Interest rate swaps
 
1,478,944

 
28,278

 
—

 
28,278

 
(4,964
)
 
23,314

Energy contracts
 
1,190,067

 
103,044

 
(47,873
)
 
55,171

 
(196
)
 
54,975

Agricultural contracts
 
53,238

 
1,576

 
(960
)
 
616

 
—

 
616

Foreign exchange contracts
 
132,397

 
129,551

 
—

 
129,551

 
(448
)
 
129,103

Equity option contracts
 
99,633

 
5,503

 
—

 
5,503

 
(920
)
 
4,583

Total customer risk management programs
 
15,301,821

 
291,558

 
(66,929
)
 
224,629

 
(6,528
)
 
218,101

Internal risk management programs
 
4,736,701

 
9,494

 
(7,093
)
 
2,401

 
—

 
2,401

Total derivative contracts
 
$
20,038,522

 
$
301,052

 
$
(74,022
)
 
$
227,030

 
$
(6,528
)
 
$
220,502

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
11,537,742

 
$
20,367

 
$
(18,096
)
 
$
2,271

 
$
(704
)
 
$
1,567

Interest rate swaps
 
1,478,944

 
28,298

 
—

 
28,298

 
(12,896
)
 
15,402

Energy contracts
 
1,166,924

 
101,603

 
(47,873
)
 
53,730

 
(42,767
)
 
10,963

Agricultural contracts
 
48,552

 
1,551

 
(960
)
 
591

 
—

 
591

Foreign exchange contracts
 
126,251

 
123,321

 
—

 
123,321

 
(53
)
 
123,268

Equity option contracts
 
99,633

 
5,503

 
—

 
5,503

 
—

 
5,503

Total customer risk management programs
 
14,458,046

 
280,643

 
(66,929
)
 
213,714

 
(56,420
)
 
157,294

Internal risk management programs
 
5,728,421

 
21,762

 
(7,093
)
 
14,669

 
—

 
14,669

Total derivative contracts
 
$
20,186,467

 
$
302,405

 
$
(74,022
)
 
$
228,383

 
$
(56,420
)
 
$
171,963

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 March 31, 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
 
$
14,549,828

 
$
80,272

 
$
(33,143
)
 
$
47,129

 
$
—

 
$
47,129

Interest rate swaps
 
1,491,414

 
32,286

 
—

 
32,286

 
(3,349
)
 
28,937

Energy contracts
 
886,699

 
42,598

 
(28,455
)
 
14,143

 
(543
)
 
13,600

Agricultural contracts
 
51,679

 
2,031

 
(786
)
 
1,245

 
—

 
1,245

Foreign exchange contracts
 
211,837

 
204,774

 
—

 
204,774

 
(72
)
 
204,702

Equity option contracts
 
99,031

 
4,505

 
—

 
4,505

 
(920
)
 
3,585

Total customer risk management programs
 
17,290,488

 
366,466

 
(62,384
)
 
304,082

 
(4,884
)
 
299,198

Internal risk management programs
 
2,756,963

 
5,529

 
—

 
5,529

 
—

 
5,529

Total derivative contracts
 
$
20,047,451

 
$
371,995

 
$
(62,384
)
 
$
309,611

 
$
(4,884
)
 
$
304,727

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
14,322,223

 
$
76,971

 
$
(33,143
)
 
$
43,828

 
$
(34,310
)
 
$
9,518

Interest rate swaps
 
1,491,414

 
33,036

 
—

 
33,036

 
—

 
33,036

Energy contracts
 
844,406

 
40,604

 
(28,455
)
 
12,149

 
(258
)
 
11,891

Agricultural contracts
 
51,509

 
2,015

 
(786
)
 
1,229

 
(1,040
)
 
189

Foreign exchange contracts
 
208,236

 
201,043

 
—

 
201,043

 
(3,726
)
 
197,317

Equity option contracts
 
99,031

 
4,505

 
—

 
4,505

 
—

 
4,505

Total customer risk management programs
 
17,016,819

 
358,174

 
(62,384
)
 
295,790

 
(39,334
)
 
256,456

Internal risk management programs
 
1,090,867

 
19,966

 
—

 
19,966

 
—

 
19,966

Total derivative contracts
 
$
18,107,686

 
$
378,140

 
$
(62,384
)
 
$
315,756

 
$
(39,334
)
 
$
276,422

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
 
 
March 31, 2018
 
March 31, 2017
 
 
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
 
$
6,819

 
$
—

 
$
8,027

 
$
—

Interest rate swaps
 
756

 
—

 
459

 
—

Energy contracts
 
3,140

 
—

 
2,873

 
—

Agricultural contracts
 
15

 
—

 
9

 
—

Foreign exchange contracts
 
176

 
—

 
270

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
10,906

 
—

 
11,638

 
—

Internal risk management programs
 
(1,883
)
 
(5,685
)
 
(467
)
 
(450
)
Total derivative contracts
 
$
9,023

 
$
(5,685
)
 
$
11,171

 
$
(450
)