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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2019
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, 2019 (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
 
$
1,303,659

 
$
11,707

 
$
(3,352
)
 
$
8,355

 
$
—

 
$
8,355

Interest rate swaps
 
2,254,122

 
51,177

 
(2,168
)
 
49,009

 
(42
)
 
48,967

Energy contracts
 
1,849,474

 
153,514

 
(76,562
)
 
76,952

 
(33,847
)
 
43,105

Agricultural contracts
 
16,662

 
788

 
(103
)
 
685

 
—

 
685

Foreign exchange contracts
 
252,272

 
250,527

 
—

 
250,527

 
(384
)
 
250,143

Equity option contracts
 
86,124

 
3,034

 
—

 
3,034

 
—

 
3,034

Total customer risk management programs
 
5,762,313

 
470,747

 
(82,185
)
 
388,562

 
(34,273
)
 
354,289

Internal risk management programs
 
52,977,229

 
352,808

 
(291,876
)
 
60,932

 
—

 
60,932

Total derivative contracts
 
$
58,739,542

 
$
823,555

 
$
(374,061
)
 
$
449,494

 
$
(34,273
)
 
$
415,221

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
1,298,129

 
$
11,596

 
$
(3,352
)
 
$
8,244

 
$
(8,232
)
 
$
12

Interest rate swaps
 
2,254,122

 
51,271

 
(2,168
)
 
49,103

 
(43,288
)
 
5,815

Energy contracts
 
1,794,912

 
145,442

 
(76,562
)
 
68,880

 
(1,836
)
 
67,044

Agricultural contracts
 
16,678

 
776

 
(103
)
 
673

 
(629
)
 
44

Foreign exchange contracts
 
240,406

 
238,625

 
—

 
238,625

 
(309
)
 
238,316

Equity option contracts
 
86,124

 
3,034

 
—

 
3,034

 
—

 
3,034

Total customer risk management programs
 
5,690,371

 
450,744

 
(82,185
)
 
368,559

 
(54,294
)
 
314,265

Internal risk management programs
 
54,628,959

 
359,065

 
(291,876
)
 
67,189

 
—

 
67,189

Total derivative contracts
 
$
60,319,330

 
$
809,809

 
$
(374,061
)
 
$
435,748

 
$
(54,294
)
 
$
381,454

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, 2018 (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
 
$
10,671,151

 
$
92,231

 
$
(26,787
)
 
$
65,444

 
$
—

 
$
65,444

Interest rate swaps
 
1,924,131

 
36,112

 
(6,688
)
 
29,424

 
(7,934
)
 
21,490

Energy contracts
 
1,472,209

 
206,418

 
(60,983
)
 
145,435

 
(106,752
)
 
38,683

Agricultural contracts
 
21,210

 
842

 
(201
)
 
641

 
—

 
641

Foreign exchange contracts
 
184,990

 
183,759

 
—

 
183,759

 
—

 
183,759

Equity option contracts
 
89,085

 
2,021

 
—

 
2,021

 
(648
)
 
1,373

Total customer risk management programs
 
14,362,776

 
521,383

 
(94,659
)
 
426,724

 
(115,334
)
 
311,390

Internal risk management programs
 
15,909,988

 
50,410

 
(40,871
)
 
9,539

 
—

 
9,539

Total derivative contracts
 
$
30,272,764

 
$
571,793

 
$
(135,530
)
 
$
436,263

 
$
(115,334
)
 
$
320,929

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
10,558,151

 
$
90,388

 
$
(26,787
)
 
$
63,601

 
$
(63,596
)
 
$
5

Interest rate swaps
 
1,924,131

 
36,288

 
(6,688
)
 
29,600

 
(4,110
)
 
25,490

Energy contracts
 
1,434,247

 
202,494

 
(60,983
)
 
141,511

 
(1,490
)
 
140,021

Agricultural contracts
 
21,214

 
812

 
(201
)
 
611

 
—

 
611

Foreign exchange contracts
 
177,423

 
175,922

 
—

 
175,922

 
—

 
175,922

Equity option contracts
 
89,085

 
2,021

 
—

 
2,021

 
—

 
2,021

Total customer risk management programs
 
14,204,251

 
507,925

 
(94,659
)
 
413,266

 
(69,196
)
 
344,070

Internal risk management programs
 
19,634,642

 
66,422

 
(40,871
)
 
25,551

 
(7,315
)
 
18,236

Total derivative contracts
 
$
33,838,893

 
$
574,347

 
$
(135,530
)
 
$
438,817

 
$
(76,511
)
 
$
362,306

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, 2019
 
June 30, 2018
 
 
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
 
$
2,212

 
$
—

 
$
7,586

 
$
—

Interest rate swaps
 
942

 
—

 
683

 
—

Energy contracts
 
2,086

 
—

 
1,416

 
—

Agricultural contracts
 
4

 
—

 
15

 
—

Foreign exchange contracts
 
100

 
—

 
96

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
5,344

 
—

 
9,796

 
—

Internal risk management programs
 
8,030

 
11,150

 
(981
)
 
(3,057
)
Total derivative contracts
 
$
13,374

 
$
11,150

 
$
8,815

 
$
(3,057
)


 
 
Six Months Ended
 
 
June 30, 2019
 
June 30, 2018
 
 
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
 
$
7,912

 
$
—

 
$
14,405

 
$
—

Interest rate swaps
 
1,535

 
—

 
1,439

 
—

Energy contracts
 
2,312

 
—

 
4,556

 
—

Agricultural contracts
 
8

 
—

 
30

 
—

Foreign exchange contracts
 
254

 
—

 
272

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
12,021

 
—

 
20,702

 
—

Internal risk management programs
 
735

 
15,817

 
(2,864
)
 
(8,742
)
Total derivative contracts
 
$
12,756

 
$
15,817

 
$
17,838

 
$
(8,742
)