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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2021
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, 2021 (in thousands):
Assets
 
Notional1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,983,763 $78,138 $(6,342)$71,796 $— $71,796 
Energy contracts5,049,908 1,206,874 (215,206)991,668 — 991,668 
Agricultural contracts7,983 382 (350)32 — 32 
Foreign exchange contracts571,224 569,144 — 569,144 (900)568,244 
Equity option contracts59,014 1,418 — 1,418 (300)1,118 
Total customer risk management programs8,671,892 1,855,956 (221,898)1,634,058 (1,200)1,632,858 
Trading57,953,169 189,111 (125,437)63,674 (4,416)59,258 
Internal risk management programs783,074 17,116 (7,789)9,327 — 9,327 
Total derivative contracts$67,408,135 $2,062,183 $(355,124)$1,707,059 $(5,616)$1,701,443 
Liabilities
 
Notional1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,983,763 $78,401 $(6,342)$72,059 $(65,484)$6,575 
Energy contracts5,051,395 1,205,095 (215,206)989,889 (975,704)14,185 
Agricultural contracts7,977 372 (350)22 (22)— 
Foreign exchange contracts571,037 568,758 — 568,758 (519)568,239 
Equity option contracts59,014 1,418 — 1,418 — 1,418 
Total customer risk management programs8,673,186 1,854,044 (221,898)1,632,146 (1,041,729)590,417 
Trading54,179,938 171,344 (125,437)45,907 (25,390)20,517 
Internal risk management programs783,110 9,116 (7,789)1,327 — 1,327 
Total derivative contracts$63,636,234 $2,034,504 $(355,124)$1,679,380 $(1,067,119)$612,261 
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, 2020 (in thousands):
Assets
 
Notional 1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$3,212,469 $113,524 $(144)$113,380 $— $113,380 
Energy contracts3,791,565 386,008 (211,468)174,540 — 174,540 
Agricultural contracts14,765 3,859 — 3,859 — 3,859 
Foreign exchange contracts337,001 332,257 — 332,257 (420)331,837 
Equity option contracts70,199 1,222 — 1,222 (285)937 
Total customer risk management programs7,425,999 836,870 (211,612)625,258 (705)624,553 
Trading84,997,593 440,627 (240,655)199,972 (26,958)173,014 
Internal risk management programs995,123 17,352 (4,231)13,121 — 13,121 
Total derivative contracts$93,418,715 $1,294,849 $(456,498)$838,351 $(27,663)$810,688 
Liabilities
 
Notional 1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$3,212,469 $113,900 $(144)$113,756 $(104,202)$9,554 
Energy contracts3,617,678 361,334 (211,468)149,866 (114,070)35,796 
Agricultural contracts14,781 3,844 — 3,844 (3,844)— 
Foreign exchange contracts336,223 331,035 — 331,035 (1,165)329,870 
Equity option contracts70,199 1,222 — 1,222 — 1,222 
Total customer risk management programs7,251,350 811,335 (211,612)599,723 (223,281)376,442 
Trading88,929,916 414,801 (240,655)174,146 (145,692)28,454 
Internal risk management programs145,256 5,529 (4,231)1,298 (415)883 
Total derivative contracts$96,326,522 $1,231,665 $(456,498)$775,167 $(369,388)$405,779 
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, 2021June 30, 2020
 Brokerage
and Trading Revenue		Gain (Loss) on Derivatives, NetBrokerage
and Trading
Revenue		Gain (Loss) on Derivatives, Net
Customer risk management programs:    
Interest rate contracts$1,016 $— $746 $— 
Energy contracts594 — 5,383 — 
Agricultural contracts10 — 6 — 
Foreign exchange contracts185 — 107 — 
Equity option contracts— — — — 
Total customer risk management programs1,805 — 6,242 — 
Trading1
59,331 — 32,577 — 
Internal risk management programs— 18,820 — 21,885 
Total derivative contracts$61,136 $18,820 $38,819 $21,885 
1    Represents changes in fair value of to-be-announced securities and other derivative instruments held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and Trading Revenue in the Consolidated Statements of Earnings.
 Six Months Ended
June 30, 2021June 30, 2020
 Brokerage
and Trading Revenue		Gain (Loss) on Derivatives, NetBrokerage
and Trading
Revenue		Gain (Loss) on Derivatives, Net
Customer risk management programs:    
Interest rate contracts2,404 — 1,688 — 
Energy contracts1,614 — 7,390 — 
Agricultural contracts28 — 21 — 
Foreign exchange contracts351 — 365 — 
Equity option contracts— — — — 
Total customer risk management programs4,397 — 9,464 — 
Trading1
(11,928)— (8,078)— 
Internal risk management programs— (8,830)— 40,305 
Total derivative contracts$(7,531)$(8,830)$1,386 $40,305 
1    Represents changes in fair value of to-be-announced securities and other derivative instruments held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and Trading Revenue in the Consolidated Statements of Earnings.