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Derivatives (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 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
 
$
12,423,155

 
$
45,983

 
$
(18,338
)
 
$
27,645

 
$
—

 
$
27,645

Interest rate swaps
 
1,702,731

 
46,160

 
(1,300
)
 
44,860

 
(13,307
)
 
31,553

Energy contracts
 
1,509,976

 
202,086

 
(67,611
)
 
134,475

 
(3,020
)
 
131,455

Agricultural contracts
 
26,318

 
1,024

 
(196
)
 
828

 
—

 
828

Foreign exchange contracts
 
148,824

 
146,719

 
—

 
146,719

 
—

 
146,719

Equity option contracts
 
89,606

 
4,144

 
—

 
4,144

 
(660
)
 
3,484

Total customer risk management programs
 
15,900,610

 
446,116

 
(87,445
)
 
358,671

 
(16,987
)
 
341,684

Internal risk management programs
 
1,064,113

 
23,887

 
(16,090
)
 
7,797

 
—

 
7,797

Total derivative contracts
 
$
16,964,723

 
$
470,003

 
$
(103,535
)
 
$
366,468

 
$
(16,987
)
 
$
349,481

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
12,160,590

 
$
43,074

 
$
(18,338
)
 
$
24,736

 
$
—

 
$
24,736

Interest rate swaps
 
1,702,731

 
46,162

 
(1,300
)
 
44,862

 
(3,844
)
 
41,018

Energy contracts
 
1,485,036

 
200,290

 
(67,611
)
 
132,679

 
(115,191
)
 
17,488

Agricultural contracts
 
26,316

 
998

 
(196
)
 
802

 
—

 
802

Foreign exchange contracts
 
145,943

 
143,817

 
—

 
143,817

 
(48
)
 
143,769

Equity option contracts
 
89,606

 
4,144

 
—

 
4,144

 
—

 
4,144

Total customer risk management programs
 
15,610,222

 
438,485

 
(87,445
)
 
351,040

 
(119,083
)
 
231,957

Internal risk management programs
 
4,079,094

 
36,520

 
(16,090
)
 
20,430

 
—

 
20,430

Total derivative contracts
 
$
19,689,316

 
$
475,005

 
$
(103,535
)
 
$
371,470

 
$
(119,083
)
 
$
252,387

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 September 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
 
$
14,244,442

 
$
38,875

 
$
(9,547
)
 
$
29,328

 
$
—

 
$
29,328

Interest rate swaps
 
1,368,210

 
27,016

 
—

 
27,016

 
(2,820
)
 
24,196

Energy contracts
 
983,794

 
45,368

 
(35,166
)
 
10,202

 
(238
)
 
9,964

Agricultural contracts
 
60,745

 
1,870

 
(1,172
)
 
698

 
—

 
698

Foreign exchange contracts
 
252,525

 
249,788

 
—

 
249,788

 
—

 
249,788

Equity option contracts
 
101,841

 
4,871

 
—

 
4,871

 
(920
)
 
3,951

Total customer risk management programs
 
17,011,557

 
367,788

 
(45,885
)
 
321,903

 
(3,978
)
 
317,925

Internal risk management programs
 
11,941,260

 
34,634

 
—

 
34,634

 
—

 
34,634

Total derivative contracts
 
$
28,952,817

 
$
402,422

 
$
(45,885
)
 
$
356,537

 
$
(3,978
)
 
$
352,559

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
14,244,442

 
$
34,948

 
$
(9,547
)
 
$
25,401

 
$
(374
)
 
$
25,027

Interest rate swaps
 
1,368,230

 
27,056

 
—

 
27,056

 
(16,599
)
 
10,457

Energy contracts
 
939,350

 
42,744

 
(35,166
)
 
7,578

 
—

 
7,578

Agricultural contracts
 
60,746

 
1,846

 
(1,172
)
 
674

 
—

 
674

Foreign exchange contracts
 
249,269

 
245,925

 
—

 
245,925

 
(1,395
)
 
244,530

Equity option contracts
 
101,841

 
4,871

 
—

 
4,871

 
—

 
4,871

Total customer risk management programs
 
16,963,878

 
357,390

 
(45,885
)
 
311,505

 
(18,368
)
 
293,137

Internal risk management programs
 
9,180,531

 
43,190

 
—

 
43,190

 
—

 
43,190

Total derivative contracts
 
$
26,144,409

 
$
400,580

 
$
(45,885
)
 
$
354,695

 
$
(18,368
)
 
$
336,327

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, 2018
 
September 30, 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
 
$
7,272

 
$
—

 
$
9,181

 
$
—

Interest rate swaps
 
618

 
—

 
767

 
—

Energy contracts
 
541

 
—

 
378

 
—

Agricultural contracts
 
6

 
—

 
38

 
—

Foreign exchange contracts
 
78

 
—

 
164

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
8,515

 
—

 
10,528

 
—

Internal risk management programs
 
6,124

 
(2,847
)
 
(711
)
 
1,033

Total derivative contracts
 
$
14,639

 
$
(2,847
)
 
$
9,817

 
$
1,033


 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
 
September 30, 2018
 
September 30, 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
 
$
21,677

 
$
—

 
$
26,413

 
$
—

Interest rate swaps
 
2,057

 
—

 
1,891

 
—

Energy contracts
 
5,097

 
—

 
4,917

 
—

Agricultural contracts
 
36

 
—

 
58

 
—

Foreign exchange contracts
 
350

 
—

 
524

 
—

Equity option contracts
 
—

 
—

 
—

 
—

Total customer risk management programs
 
29,217

 
—

 
33,803

 
—

Internal risk management programs
 
3,260

 
(11,589
)
 
5,307

 
3,824

Total derivative contracts
 
$
32,477

 
$
(11,589
)
 
$
39,110

 
$
3,824