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Derivatives
 12 Months Ended
Dec. 31, 2022
Derivative Instrument Detail [Abstract]  
Derivatives [Text Block] Derivatives
 
The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2022 (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$2,629,318 $158,825 $— $158,825 $(114,955)$43,870 
Energy contracts7,918,020 1,232,283 (594,543)637,740 (67,024)570,716 
Foreign exchange contracts219,791 216,569 — 216,569 — 216,569 
Equity option contracts21,102 193 — 193 (109)84 
Total customer risk management programs10,788,231 1,607,870 (594,543)1,013,327 (182,088)831,239 
Trading17,400,037 126,910 (74,647)52,263 (4,646)47,617 
Interest rate risk management programs85,000 1,500 (13)1,487 — 1,487 
Total derivative contracts$28,273,268 $1,736,280 $(669,203)$1,067,077 $(186,734)$880,343 
Liabilities
 Notional¹Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,629,122 $158,816 $— $158,816 $— $158,816 
Energy contracts8,696,060 1,242,058 (594,543)647,515 (484,319)163,196 
Foreign exchange contracts214,855 211,233 — 211,233 (7)211,226 
Equity option contracts21,102 193 — 193 — 193 
Total customer risk management programs11,561,139 1,612,300 (594,543)1,017,757 (484,326)533,431 
Trading14,038,906 94,958 (74,647)20,311 (423)19,888 
Interest rate risk management programs178,806 1,594 (13)1,581 — 1,581 
Total derivative contracts$25,778,851 $1,708,852 $(669,203)$1,039,649 $(484,749)$554,900 
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, 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$2,614,162 $53,881 $(10,101)$43,780 $— $43,780 
Energy contracts6,360,095 1,168,363 (375,624)792,739 — 792,739 
Foreign exchange contracts216,272 215,148 — 215,148 — 215,148 
Equity option contracts42,136 755 — 755 (242)513 
Total customer risk management programs9,232,665 1,438,147 (385,725)1,052,422 (242)1,052,180 
Trading35,592,751 139,694 (104,326)35,368 (721)34,647 
Internal risk management programs869,506 10,687 (217)10,470 — 10,470 
Total derivative contracts$45,694,922 $1,588,528 $(490,268)$1,098,260 $(963)$1,097,297 
Liabilities
 Notional¹Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash Collateral
Customer risk management programs:   
Interest rate contracts$2,614,162 $54,062 $(10,101)$43,961 $(33,870)$10,091 
Energy contracts6,480,840 1,210,946 (375,624)835,322 (803,102)32,220 
Foreign exchange contracts208,381 207,119 — 207,119 (447)206,672 
Equity option contracts42,136 755 — 755 — 755 
Total customer risk management programs9,345,519 1,472,882 (385,725)1,087,157 (837,419)249,738 
Trading41,285,649 152,947 (104,326)48,621 (24,074)24,547 
Internal risk management programs298,832 1,557 (217)1,340 — 1,340 
Total derivative contracts$50,930,000 $1,627,386 $(490,268)$1,137,118 $(861,493)$275,625 
1    Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the Consolidated Statements of Earnings (in thousands):
 Year Ended December 31,
202220212020
 Brokerage
and Trading Revenue		Gain (Loss)
on Derivatives, Net		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$10,690 $— $5,503 $— $4,507 $— 
Energy contracts34,435 — 14,190 — 17,287 — 
Agricultural contracts— — 27 — 34 — 
Foreign exchange contracts591 — 712 — 921 — 
Equity option contracts— — — — — — 
Total customer risk management programs45,716 — 20,432 — 22,749 — 
Trading1
48,616 — (11,453)— 8,255 — 
Internal risk management programs
— (73,011)— (19,378)— 42,320 
Total derivative contracts$94,332 $(73,011)$8,979 $(19,378)$31,004 $42,320 
1    Includes changes in fair value of to-be-announced U.S. agency residential mortgage-backed securities and other derivative instruments offered to mortgage banking customers to manage their market risk or 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 Statement of Earnings.

As discussed in Note 7, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 7 for additional discussion of notional, fair value and impact on earnings of these contracts.

No derivative contracts have been designated as hedging instruments for financial reporting purposes.