The following table presents information about these transactions to enable the users of the Company’s financial statements to evaluate the potential effect of rights of set-off between these recognized assets and recognized liabilities at March 31, 2016 and December 31, 2015 (dollars in millions):



										Gross Amounts Not Offset in the Consolidated Balance Sheet
				Gross Amounts of Recognized Assets and Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet ⁽¹⁾⁽²⁾		Financial Instruments			Collateral Received or Pledged (Including Cash)			Net Amount
March 31, 2016
	Assets:
		Deposits paid for securities borrowed ⁽³⁾		$	186	$	—	$	186	$	(144	)	$	(33	)	$	9
			Total	$	186	$	—	$	186	$	(144	)	$	(33	)	$	9

	Liabilities:
		Deposits received for securities loaned ⁽⁴⁾		1,395		—		1,395		(144		)	(1,160		)	91
		Derivative liabilities ⁽⁵⁾⁽⁶⁾		31		—		31		—			(31		)	—
			Total	$	1,426	$	—	$	1,426	$	(144	)	$	(1,191	)	$	91

December 31, 2015
	Assets:
		Deposits paid for securities borrowed ⁽³⁾		$	120	$	—	$	120	$	(94	)	$	(18	)	$	8
			Total	$	120	$	—	$	120	$	(94	)	$	(18	)	$	8

	Liabilities:
		Deposits received for securities loaned ⁽⁴⁾		1,535		—		1,535		(94		)	(1,314		)	127
		Repurchase agreements ⁽⁶⁾		82		—		82		—			(81		)	1
		Derivative liabilities ⁽⁵⁾⁽⁶⁾		11		—		11		—			(11		)	—
			Total	$	1,628	$	—	$	1,628	$	(94	)	$	(1,406	)	$	128


(1)	Net amount of deposits paid for securities borrowed presented in the consolidated balance sheet are reflected in the receivables from brokers, dealers and clearing organizations line item.


(2)	Net amount of deposits received for securities loaned, repurchase agreements and derivative liabilities presented in the consolidated balance sheet are reflected in the payables to brokers, dealers and clearing organizations, other borrowings and other liabilities line items, respectively.

(3)

Included in the gross amounts of deposits paid for securities borrowed was $52 million and $34 million at March 31, 2016 and December 31, 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of cash to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements.

(4)

Included in the gross amounts of deposits received for securities loaned was $698 million and $722 million at March 31, 2016 and December 31, 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of securities to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements.


(5)	Excludes net accrued interest payable of $1 million and $3 million at March 31, 2016 and December 31, 2015, respectively.


(6)	The Company pledges available-for-sale and held-to-maturity securities as collateral for amounts due on repurchase agreements and derivative liabilities. The collateral pledged included available-for-sale securities at fair value and held-to-maturity securities at amortized cost for March 31, 2016 and available-for-sale securities at fair value for December 31, 2015.