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Derivatives (Tables)
 9 Months Ended
Sep. 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 September 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$3,010,596 $70,372 $(6,971)$63,401 $— $63,401 
Energy contracts5,901,682 1,743,938 (412,176)1,331,762 — 1,331,762 
Agricultural contracts— — — — — — 
Foreign exchange contracts301,216 299,335 — 299,335 (666)298,669 
Equity option contracts48,713 865 — 865 (266)599 
Total customer risk management programs9,262,207 2,114,510 (419,147)1,695,363 (932)1,694,431 
Trading66,331,907 589,601 (383,764)205,837 (1,126)204,711 
Internal risk management programs270,877 7,606 (5,612)1,994 — 1,994 
Total derivative contracts$75,864,991 $2,711,717 $(808,523)$1,903,194 $(2,058)$1,901,136 
Liabilities
 
Notional1
Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$3,010,596 $70,612 $(6,971)$63,641 $(56,405)$7,236 
Energy contracts5,787,366 1,778,045 (412,176)1,365,869 (1,096,209)269,660 
Agricultural contracts— — — — — — 
Foreign exchange contracts300,212 298,208 — 298,208 — 298,208 
Equity option contracts48,713 865 — 865 — 865 
Total customer risk management programs9,146,887 2,147,730 (419,147)1,728,583 (1,152,614)575,969 
Trading61,791,246 562,083 (383,764)178,319 (16,046)162,273 
Internal risk management programs1,303,792 15,419 (5,612)9,807 (8,408)1,399 
Total derivative contracts$72,241,925 $2,725,232 $(808,523)$1,916,709 $(1,177,068)$739,641 
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
September 30, 2021September 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$1,283 $— $1,014 $— 
Energy contracts5,528 — 7,460 — 
Agricultural contracts(1)— 6 — 
Foreign exchange contracts120 — 162 — 
Equity option contracts— — — — 
Total customer risk management programs6,930 — 8,642 — 
Trading1
9,952 — (468)— 
Internal risk management programs— (5,760)— 2,354 
Total derivative contracts$16,882 $(5,760)$8,174 $2,354 
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.
 Nine Months Ended
September 30, 2021September 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 contracts3,687 — 2,702 — 
Energy contracts7,142 — 14,850 — 
Agricultural contracts27 — 27 — 
Foreign exchange contracts471 — 527 — 
Equity option contracts— — — — 
Total customer risk management programs11,327 — 18,106 — 
Trading1
(1,976)— (8,546)— 
Internal risk management programs— (14,590)— 42,659 
Total derivative contracts$9,351 $(14,590)$9,560 $42,659 
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.