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, 2013
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)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Average during period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold
$
10

 
$
519

 
0.74
%
 
0.36
%
 
$
8

 
$
281

 
0.68
%
 
0.44
%
Securities borrowed or purchased under agreements to resell
223,424

 
234,436

 
0.52

 
0.60

 
231,371

 
233,777

 
0.53

 
0.67

Total
$
223,434

 
$
234,955

 
0.52

 
0.60

 
$
231,379

 
$
234,058

 
0.53

 
0.67

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
183

 
$
211

 
0.03
%
 
0.05
%
 
$
188

 
$
229

 
0.06
%
 
0.05
%
Securities loaned or sold under agreements to repurchase
235,022

 
286,931

 
0.82

 
0.95

 
268,549

 
274,166

 
0.80

 
1.04

Short-term borrowings
44,220

 
37,881

 
1.76

 
2.16

 
42,749

 
37,981

 
2.01

 
2.07

Total
$
279,425

 
$
325,023

 
0.97

 
1.09

 
$
311,486

 
$
312,376

 
0.96

 
1.16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maximum month-end balance during period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold
$
35

 
$
550

 
 
 
 
 
$
550

 
$
550

 
 
 
 
Securities borrowed or purchased under agreements to resell
220,985

 
237,630

 
 
 
 
 
249,791

 
252,303

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
166

 
$
207

 
 
 
 
 
$
1,271

 
$
331

 
 
 
 
Securities loaned or sold under agreements to repurchase
239,556

 
291,093

 
 
 
 
 
319,608

 
291,093

 
 
 
 
Short-term borrowings
44,291

 
40,129

 
 
 
 
 
46,470

 
40,129

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Amount
 
Rate
 
 
 
 
 
Amount
 
Rate
 
 
 
 
Period-end balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold
$

 
%
 
 
 
 
 
$
600

 
0.54
%
 
 
 
 
Securities borrowed or purchased under agreements to resell
212,007

 
0.50

 
 
 
 
 
219,324

 
0.92

 
 
 
 
Total
$
212,007

 
0.50

 
 
 
 
 
$
219,924

 
0.92

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
151

 
0.10
%
 
 
 
 
 
$
1,151

 
0.17
%
 
 
 
 
Securities loaned or sold under agreements to repurchase
226,123

 
0.85

 
 
 
 
 
292,108

 
1.11

 
 
 
 
Short-term borrowings
40,769

 
1.86

 
 
 
 
 
30,731

 
3.08

 
 
 
 
Total
$
267,043

 
1.00

 
 
 
 
 
$
323,990

 
1.29

 
 
 
 
Offsetting Assets and Liabilities
Gross assets and liabilities include activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries, and accordingly, these are reported on a gross basis.

Securities Financing Agreements
 
September 30, 2013
(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
$
315,751

 
$
(103,744
)
 
$
212,007

 
$
(171,277
)
 
$
40,730

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
329,867

 
$
(103,744
)
 
$
226,123

 
$
(180,918
)
 
$
45,205

Other
9,180

 

 
9,180

 
(9,180
)
 

Total
$
339,047

 
$
(103,744
)
 
$
235,303

 
$
(190,098
)
 
$
45,205

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
Securities borrowed or purchased under agreements to resell
$
366,238

 
$
(146,914
)
 
$
219,324

 
$
(173,593
)
 
$
45,731

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
439,022

 
$
(146,914
)
 
$
292,108

 
$
(217,817
)
 
$
74,291

Other
12,306

 

 
12,306

 
(12,302
)
 
4

Total
$
451,328

 
$
(146,914
)
 
$
304,414

 
$
(230,119
)
 
$
74,295