Quarterly report pursuant to Section 13 or 15(d)

Federal Funds Sold or Purchased, Securities Financing Agreements and Short-term Borrowings (Tables)

v2.4.0.8
Federal Funds Sold or Purchased, Securities Financing Agreements and Short-term Borrowings (Tables)
9 Months Ended
Sep. 30, 2014
Federal Funds Sold, Securities Borrowed or Purchased Under Agreements to Resell and Short-term Borrowings [Abstract]  
Federal Funds Sold Securities Borrowed Or Purchased Under Agreements To Resell And Short Term Borrowings
The table below presents federal funds sold or purchased, securities financing agreements, which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase, and short-term borrowings.

 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Amount
 
Rate
 
Amount
 
Rate
(Dollars in millions)
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Average during period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold
$
2

 
$
10

 
1.01
%
 
0.74
%
 
$
3

 
$
8

 
0.88
%
 
0.68
%
Securities borrowed or purchased under agreements to resell
223,976

 
223,424

 
0.42

 
0.52

 
223,998

 
231,371

 
0.48

 
0.53

Total
$
223,978

 
$
223,434

 
0.42

 
0.52

 
$
224,001

 
$
231,379

 
0.48

 
0.53

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
146

 
$
183

 
0.05
%
 
0.03
%
 
$
162

 
$
188

 
0.05
%
 
0.06
%
Securities loaned or sold under agreements to repurchase
216,099

 
235,022

 
0.90

 
0.82

 
214,405

 
268,549

 
1.01

 
0.80

Short-term borrowings
38,866

 
44,220

 
1.02

 
1.76

 
45,219

 
42,749

 
1.01

 
2.01

Total
$
255,111

 
$
279,425

 
0.92

 
0.97

 
$
259,786

 
$
311,486

 
1.01

 
0.96

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maximum month-end balance during period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold
$

 
$
35

 
 
 
 
 
$
12

 
$
35

 
 
 
 
Securities borrowed or purchased under agreements to resell
231,077

 
220,985

 
 
 
 
 
240,110

 
249,791

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
156

 
$
166

 
 
 
 
 
$
213

 
$
195

 
 
 
 
Securities loaned or sold under agreements to repurchase
226,158

 
239,556

 
 
 
 
 
239,984

 
319,608

 
 
 
 
Short-term borrowings
40,403

 
44,291

 
 
 
 
 
51,409

 
46,470

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
December 31, 2013
 
 
 
 
 
Amount
 
Rate
 
 
 
 
 
Amount
 
Rate
 
 
 
 
Period-end
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell
$
223,310

 
0.44
%
 
 
 
 
 
$
190,328

 
0.60
%
 
 
 
 
Total
$
223,310

 
0.44

 
 
 
 
 
$
190,328

 
0.60

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
150

 
%
 
 
 
 
 
$
186

 
%
 
 
 
 
Securities loaned or sold under agreements to repurchase
217,775

 
0.92

 
 
 
 
 
197,920

 
0.92

 
 
 
 
Short-term borrowings
33,275

 
1.14

 
 
 
 
 
45,999

 
1.55

 
 
 
 
Total
$
251,200

 
0.95

 
 
 
 
 
$
244,105

 
1.03

 
 
 
 
Securities Borrowed and Securities Purchased Under Agreements to Resell
 
Offsetting Assets [Line Items]  
Offsetting Assets
Securities Financing Agreements
 
September 30, 2014
(Dollars in millions)
Gross Assets/Liabilities
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Assets/Liabilities
Securities borrowed or purchased under agreements to resell
$
335,942

 
$
(112,632
)
 
$
223,310

 
$
(168,968
)
 
$
54,342

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
330,407

 
$
(112,632
)
 
$
217,775

 
$
(176,875
)
 
$
40,900

Other
10,649

 

 
10,649

 
(10,649
)
 

Total
$
341,056

 
$
(112,632
)
 
$
228,424

 
$
(187,524
)
 
$
40,900

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
Securities borrowed or purchased under agreements to resell
$
272,296

 
$
(81,968
)
 
$
190,328

 
$
(157,132
)
 
$
33,196

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
279,888

 
$
(81,968
)
 
$
197,920

 
$
(160,111
)
 
$
37,809

Other
10,871

 

 
10,871

 
(10,871
)
 

Total
$
290,759

 
$
(81,968
)
 
$
208,791

 
$
(170,982
)
 
$
37,809

Securities Loaned and Financial Assets Sold Under Agreements to Repurchase
 
Offsetting Liabilities [Line Items]  
Offsetting Liabilities
Securities Financing Agreements
 
September 30, 2014
(Dollars in millions)
Gross Assets/Liabilities
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Assets/Liabilities
Securities borrowed or purchased under agreements to resell
$
335,942

 
$
(112,632
)
 
$
223,310

 
$
(168,968
)
 
$
54,342

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
330,407

 
$
(112,632
)
 
$
217,775

 
$
(176,875
)
 
$
40,900

Other
10,649

 

 
10,649

 
(10,649
)
 

Total
$
341,056

 
$
(112,632
)
 
$
228,424

 
$
(187,524
)
 
$
40,900

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
Securities borrowed or purchased under agreements to resell
$
272,296

 
$
(81,968
)
 
$
190,328

 
$
(157,132
)
 
$
33,196

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
279,888

 
$
(81,968
)
 
$
197,920

 
$
(160,111
)
 
$
37,809

Other
10,871

 

 
10,871

 
(10,871
)
 

Total
$
290,759

 
$
(81,968
)
 
$
208,791

 
$
(170,982
)
 
$
37,809