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)
3 Months Ended
Mar. 31, 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 March 31
 
Amount
 
Rate
(Dollars in millions)
2014
 
2013
 
2014
 
2013
Average during period
 
 
 
 
 
 
 
Federal funds sold
$
2

 
$
2

 
0.73
%
 
0.60
%
Securities borrowed or purchased under agreements to resell
212,502

 
237,461

 
0.51

 
0.54

Total
$
212,504

 
$
237,463

 
0.51

 
0.54

 
 
 
 
 
 
 
 
Federal funds purchased
$
172

 
$
192

 
0.04
%
 
0.05
%
Securities loaned or sold under agreements to repurchase
204,632

 
300,746

 
1.03

 
0.72

Short-term borrowings
48,167

 
36,706

 
0.75

 
2.36

Total
$
252,971

 
$
337,644

 
0.98

 
0.90

 
 
 
 
 
 
 
 
Maximum month-end balance during period
 
 
 
 
 
 
 
Federal funds sold
$
10

 
$

 
 
 
 
Securities borrowed or purchased under agreements to resell
219,181

 
249,791

 
 
 
 
 
 
 
 
 
 
 
 
Federal funds purchased
$
213

 
$
176

 
 
 
 
Securities loaned or sold under agreements to repurchase
216,726

 
319,608

 
 
 
 
Short-term borrowings
51,409

 
42,148

 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2014
 
December 31, 2013
 
Amount
 
Rate
 
Amount
 
Rate
Period-end
 
 
 
 
 
 
 
Federal funds sold
$
10

 
0.72
%
 
$

 
%
Securities borrowed or purchased under agreements to resell
215,289

 
0.44

 
190,328

 
0.60

Total
$
215,299

 
0.44

 
$
190,328

 
0.60

 
 
 
 
 
 
 
 
Federal funds purchased
$
213

 
0.05
%
 
$
186

 
%
Securities loaned or sold under agreements to repurchase
202,895

 
1.09

 
197,920

 
0.92

Short-term borrowings
51,409

 
1.13

 
45,999

 
1.55

Total
$
254,517

 
1.10

 
$
244,105

 
1.03

Offsetting Assets and Liabilities

Securities Financing Agreements
 
March 31, 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
$
322,333

 
$
(107,044
)
 
$
215,289

 
$
(176,646
)
 
$
38,643

 
 
 
 
 
 
 
 
 
 
Securities loaned or sold under agreements to repurchase
$
309,939

 
$
(107,044
)
 
$
202,895

 
$
(159,036
)
 
$
43,859

Other
12,357

 

 
12,357

 
(12,357
)
 

Total
$
322,296

 
$
(107,044
)
 
$
215,252

 
$
(171,393
)
 
$
43,859

 
 
 
 
 
 
 
 
 
 
 
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