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Federal Funds Sold or Purchased, Securities Financing Agreements and Short-term Borrowings (Tables)
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9 Months Ended |
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Sep. 30, 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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Three Months Ended September 30 |
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Nine Months Ended September 30 |
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Amount |
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Rate |
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Amount |
|
Rate |
(Dollars in millions) |
2014 |
|
2013 |
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2014 |
|
2013 |
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2014 |
|
2013 |
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2014 |
|
2013 |
Average during period |
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Federal funds sold |
$ |
2 |
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$ |
10 |
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|
1.01 |
% |
|
0.74 |
% |
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$ |
3 |
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$ |
8 |
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|
0.88 |
% |
|
0.68 |
% |
Securities borrowed or purchased under agreements to resell |
223,976 |
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223,424 |
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0.42 |
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0.52 |
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223,998 |
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231,371 |
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0.48 |
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0.53 |
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Total |
$ |
223,978 |
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$ |
223,434 |
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0.42 |
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0.52 |
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$ |
224,001 |
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$ |
231,379 |
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0.48 |
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0.53 |
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Federal funds purchased |
$ |
146 |
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$ |
183 |
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0.05 |
% |
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0.03 |
% |
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$ |
162 |
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$ |
188 |
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0.05 |
% |
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0.06 |
% |
Securities loaned or sold under agreements to repurchase |
216,099 |
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235,022 |
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0.90 |
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0.82 |
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214,405 |
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268,549 |
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1.01 |
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0.80 |
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Short-term borrowings |
38,866 |
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44,220 |
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1.02 |
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1.76 |
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45,219 |
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42,749 |
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1.01 |
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2.01 |
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Total |
$ |
255,111 |
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$ |
279,425 |
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0.92 |
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0.97 |
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$ |
259,786 |
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$ |
311,486 |
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1.01 |
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0.96 |
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Maximum month-end balance during period |
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Federal funds sold |
$ |
— |
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$ |
35 |
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$ |
12 |
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$ |
35 |
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Securities borrowed or purchased under agreements to resell |
231,077 |
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220,985 |
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240,110 |
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249,791 |
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Federal funds purchased |
$ |
156 |
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$ |
166 |
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$ |
213 |
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$ |
195 |
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Securities loaned or sold under agreements to repurchase |
226,158 |
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239,556 |
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239,984 |
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319,608 |
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Short-term borrowings |
40,403 |
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44,291 |
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51,409 |
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46,470 |
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September 30, 2014 |
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December 31, 2013 |
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Amount |
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Rate |
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Amount |
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Rate |
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Period-end |
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Securities borrowed or purchased under agreements to resell |
$ |
223,310 |
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0.44 |
% |
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$ |
190,328 |
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0.60 |
% |
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Total |
$ |
223,310 |
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0.44 |
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$ |
190,328 |
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0.60 |
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Federal funds purchased |
$ |
150 |
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— |
% |
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$ |
186 |
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— |
% |
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Securities loaned or sold under agreements to repurchase |
217,775 |
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0.92 |
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197,920 |
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0.92 |
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Short-term borrowings |
33,275 |
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1.14 |
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45,999 |
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1.55 |
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Total |
$ |
251,200 |
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0.95 |
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$ |
244,105 |
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1.03 |
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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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September 30, 2014 |
(Dollars in millions) |
Gross Assets/Liabilities |
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Amounts Offset |
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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 |
$ |
335,942 |
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$ |
(112,632 |
) |
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$ |
223,310 |
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$ |
(168,968 |
) |
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$ |
54,342 |
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Securities loaned or sold under agreements to repurchase |
$ |
330,407 |
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$ |
(112,632 |
) |
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$ |
217,775 |
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$ |
(176,875 |
) |
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$ |
40,900 |
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Other |
10,649 |
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— |
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10,649 |
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(10,649 |
) |
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— |
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Total |
$ |
341,056 |
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$ |
(112,632 |
) |
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$ |
228,424 |
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$ |
(187,524 |
) |
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$ |
40,900 |
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December 31, 2013 |
Securities borrowed or purchased under agreements to resell |
$ |
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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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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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 |
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$ |
(112,632 |
) |
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$ |
223,310 |
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$ |
(168,968 |
) |
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$ |
54,342 |
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Securities loaned or sold under agreements to repurchase |
$ |
330,407 |
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$ |
(112,632 |
) |
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$ |
217,775 |
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$ |
(176,875 |
) |
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$ |
40,900 |
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Other |
10,649 |
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— |
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10,649 |
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(10,649 |
) |
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— |
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Total |
$ |
341,056 |
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$ |
(112,632 |
) |
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$ |
228,424 |
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$ |
(187,524 |
) |
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$ |
40,900 |
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December 31, 2013 |
Securities borrowed or purchased under agreements to resell |
$ |
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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