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Federal Funds Sold or Purchased, Securities Financing Agreements and Short-term Borrowings (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Federal Funds Sold, Securities Borrowed or Purchased Under Agreements to Resell and Short-term Borrowings [Abstract] |
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| 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.
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2014 |
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2013 |
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2012 |
(Dollars in millions) |
Amount |
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Rate |
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Amount |
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Rate |
|
Amount |
|
Rate |
Federal funds sold |
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At December 31 |
$ |
— |
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— |
% |
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$ |
— |
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— |
% |
|
$ |
600 |
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|
0.54 |
% |
Average during year |
3 |
|
|
0.90 |
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|
7 |
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|
0.69 |
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|
351 |
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|
0.43 |
|
Maximum month-end balance during year |
12 |
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|
n/a |
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|
35 |
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n/a |
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|
600 |
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n/a |
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Securities borrowed or purchased under agreements to resell |
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At December 31 |
191,823 |
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0.47 |
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190,328 |
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0.60 |
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219,324 |
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0.92 |
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Average during year |
222,480 |
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0.47 |
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224,324 |
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0.55 |
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235,691 |
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0.64 |
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Maximum month-end balance during year |
240,110 |
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n/a |
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249,791 |
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n/a |
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252,985 |
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n/a |
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Federal funds purchased |
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At December 31 |
14 |
|
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— |
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186 |
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— |
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1,151 |
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|
0.17 |
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Average during year |
147 |
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|
0.05 |
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|
191 |
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0.06 |
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|
384 |
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0.11 |
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Maximum month-end balance during year |
213 |
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n/a |
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|
195 |
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n/a |
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1,211 |
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n/a |
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Securities loaned or sold under agreements to repurchase |
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At December 31 |
201,263 |
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0.98 |
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197,920 |
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0.92 |
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292,108 |
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1.11 |
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Average during year |
215,645 |
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|
0.99 |
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257,409 |
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0.81 |
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281,516 |
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0.98 |
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Maximum month-end balance during year |
239,984 |
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n/a |
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319,608 |
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n/a |
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319,401 |
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n/a |
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Short-term borrowings |
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At December 31 |
31,172 |
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1.47 |
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45,999 |
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1.55 |
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30,731 |
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3.08 |
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Average during year |
41,886 |
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1.08 |
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43,816 |
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1.89 |
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36,500 |
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2.22 |
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Maximum month-end balance during year |
51,409 |
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n/a |
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48,387 |
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n/a |
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40,129 |
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n/a |
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n/a = not applicable
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| Securities Borrowed and Securities Purchased Under Agreements to Resell |
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| Offsetting Assets [Line Items] |
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| Offsetting Assets |
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Securities Financing Agreements |
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December 31, 2014 |
(Dollars in millions) |
Gross Assets/Liabilities |
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Amounts Offset |
|
Net Balance Sheet Amount |
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Financial Instruments |
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Net Assets/Liabilities |
Securities borrowed or purchased under agreements to resell (1)
|
$ |
316,567 |
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$ |
(124,744 |
) |
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$ |
191,823 |
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$ |
(145,573 |
) |
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$ |
46,250 |
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Securities loaned or sold under agreements to repurchase |
$ |
326,007 |
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$ |
(124,744 |
) |
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$ |
201,263 |
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$ |
(164,306 |
) |
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$ |
36,957 |
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Other |
11,641 |
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— |
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11,641 |
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(11,641 |
) |
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— |
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Total |
$ |
337,648 |
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$ |
(124,744 |
) |
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$ |
212,904 |
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$ |
(175,947 |
) |
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$ |
36,957 |
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December 31, 2013 |
Securities borrowed or purchased under agreements to resell (1)
|
$ |
272,296 |
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$ |
(81,968 |
) |
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$ |
190,328 |
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$ |
(157,132 |
) |
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$ |
33,196 |
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Securities loaned or sold under agreements to repurchase |
$ |
279,888 |
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$ |
(81,968 |
) |
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$ |
197,920 |
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$ |
(160,111 |
) |
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$ |
37,809 |
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Other |
10,871 |
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— |
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10,871 |
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(10,871 |
) |
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— |
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Total |
$ |
290,759 |
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$ |
(81,968 |
) |
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$ |
208,791 |
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$ |
(170,982 |
) |
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$ |
37,809 |
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(1) |
Excludes repurchase activity of $5.6 billion and $4.1 billion reported in Loans and leases at December 31, 2014 and 2013.
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| Securities Loaned and Financial Assets Sold Under Agreements to Repurchase |
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| Offsetting Liabilities [Line Items] |
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| Offsetting Liabilities |
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Securities Financing Agreements |
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December 31, 2014 |
(Dollars in millions) |
Gross Assets/Liabilities |
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Amounts Offset |
|
Net Balance Sheet Amount |
|
Financial Instruments |
|
Net Assets/Liabilities |
Securities borrowed or purchased under agreements to resell (1)
|
$ |
316,567 |
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$ |
(124,744 |
) |
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$ |
191,823 |
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$ |
(145,573 |
) |
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$ |
46,250 |
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Securities loaned or sold under agreements to repurchase |
$ |
326,007 |
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$ |
(124,744 |
) |
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$ |
201,263 |
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$ |
(164,306 |
) |
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$ |
36,957 |
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Other |
11,641 |
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|
— |
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|
11,641 |
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|
(11,641 |
) |
|
— |
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Total |
$ |
337,648 |
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$ |
(124,744 |
) |
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$ |
212,904 |
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$ |
(175,947 |
) |
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$ |
36,957 |
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December 31, 2013 |
Securities borrowed or purchased under agreements to resell (1)
|
$ |
272,296 |
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$ |
(81,968 |
) |
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$ |
190,328 |
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$ |
(157,132 |
) |
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$ |
33,196 |
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Securities loaned or sold under agreements to repurchase |
$ |
279,888 |
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$ |
(81,968 |
) |
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$ |
197,920 |
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$ |
(160,111 |
) |
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$ |
37,809 |
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Other |
10,871 |
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— |
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10,871 |
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(10,871 |
) |
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— |
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Total |
$ |
290,759 |
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$ |
(81,968 |
) |
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$ |
208,791 |
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$ |
(170,982 |
) |
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$ |
37,809 |
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(1) |
Excludes repurchase activity of $5.6 billion and $4.1 billion reported in Loans and leases at December 31, 2014 and 2013.
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