The following table presents information about the Company's derivative instruments, securities borrowing and securities lending transactions which are transacted under master agreements to enable the users of the Company’s consolidated financial statements to evaluate the potential effect of rights of set-off between these recognized assets and liabilities (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⁾		Financial Instruments			Collateral Received or Pledged (Including Cash)			Net Amount
March 31, 2018
	Assets:
		Deposits paid for securities borrowed ⁽²⁾		$	215	$	—	$	215	$	(174	)	$	(31	)	$	10
		Derivative assets⁽³⁾		4		—		4		—			(2		)	2
			Total	$	219	$	—	$	219	$	(174	)	$	(33	)	$	12

	Liabilities:
		Deposits received for securities loaned ⁽⁴⁾		$	2,840	$	—	$	2,840	$	(174	)	$	(2,531	)	$	135
			Total	$	2,840	$	—	$	2,840	$	(174	)	$	(2,531	)	$	135

December 31, 2017
	Assets:
		Deposits paid for securities borrowed ⁽²⁾		$	759	$	—	$	759	$	(251	)	$	(483	)	$	25
			Total	$	759	$	—	$	759	$	(251	)	$	(483	)	$	25

	Liabilities:
		Deposits received for securities loaned ⁽⁴⁾		$	1,373	$	—	$	1,373	$	(251	)	$	(1,004	)	$	118
		Derivative liabilities ⁽⁵⁾⁽⁶⁾		5		—		5		—			(5		)	—
			Total	$	1,378	$	—	$	1,378	$	(251	)	$	(1,009	)	$	118

(1)

The vast majority of the net amount of deposits paid for securities borrowed are reflected in the receivables from brokers, dealers and clearing organizations line item while the deposits paid for securities borrowed under the fully paid program are reflected in other assets. Derivative assets are reflected in the other assets line item in the consolidated balance sheet. Net amount of deposits received for securities loaned are reflected in the payables to brokers, dealers and clearing organizations line item in the consolidated balance sheet. Derivative liabilities are reflected in the other liabilities line item in the consolidated balance sheet.

(2)

Included in the gross amounts of deposits paid for securities borrowed was $67 million and $347 million at March 31, 2018 and December 31, 2017, 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.


(3)	Collateral received included cash at March 31, 2018.

(4)

Included in the gross amounts of deposits received for securities loaned was $2 billion and $821 million at March 31, 2018 and December 31, 2017, 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 $2 million at December 31, 2017.


(6)	Collateral pledged included held-to-maturity securities at amortized cost at December 31, 2017.