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Collateralized Transactions (Tables)
 9 Months Ended
Aug. 31, 2015
Banking and Thrift [Abstract]  
Schedule of Collateralized Financing Transactions
The following tables set forth the carrying value of securities lending arrangements and repurchase agreements by class of collateral pledged and remaining contractual maturity at August 31, 2015 (in thousands):
 
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
 
    Corporate equity securities
 
$
2,506,969

 
$
347,844

 
$
2,854,813

    Corporate debt securities
 
1,109,775

 
1,959,647

 
3,069,422

    Mortgage- and asset-backed securities
 
—

 
5,044,406

 
5,044,406

    U.S. government and federal agency securities
 
28,451

 
9,412,058

 
9,440,509

    Municipal securities
 
—

 
492,599

 
492,599

    Sovereign obligations
 
—

 
1,604,147

 
1,604,147

    Loans and other receivables
 
—

 
617,861

 
617,861

           Total
 
$
3,645,195

 
$
19,478,562

 
$
23,123,757

 
Contractual Maturity
 
Overnight and Continuous
 
Up to 30 Days
 
30-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,954,916

 
$
336,335

 
$
1,353,944

 
$
—

 
$
3,645,195

Repurchase agreements
9,827,633

 
4,539,795

 
2,869,691

 
2,241,443

 
19,478,562

        Total
$
11,782,549

 
$
4,876,130

 
$
4,223,635

 
$
2,241,443

 
$
23,123,757
Summary of Repurchase Agreements and Securities Borrowing and Lending Arrangements
The following tables provide information regarding repurchase agreements and securities borrowing and lending arrangements that are recognized in the Consolidated Statements of Financial Condition and 1) the extent to which, under enforceable master netting arrangements, such balances are presented net in the Consolidated Statements of Financial Condition as appropriate under U.S. GAAP and 2) the extent to which other rights of setoff associated with these arrangements exist and could have an effect on our financial position (in thousands).
 
August 31, 2015
 
Gross
Amounts
 
Netting in
Consolidated
Statement of
Financial
Condition
 
Net Amounts in
Consolidated
Statement of
Financial
Condition
 
Additional
Amounts
Available for
Setoff (1)
 
Available
Collateral (2)
 
Net Amount (3)
Assets
 
 
 
 
 
 
 
 
 
 
 
Securities borrowing arrangements
$
7,702,853

 
$
—

 
$
7,702,853

 
$
(624,220
)
 
$
(776,755
)
 
$
6,301,878

Reverse repurchase agreements
12,911,367

 
(8,637,685
)
 
4,273,682

 
(111,791
)
 
(4,153,574
)
 
8,317

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
3,645,195

 
$
—

 
$
3,645,195

 
$
(624,220
)
 
$
(2,985,739
)
 
$
35,236

Repurchase agreements
19,478,562

 
(8,637,685
)
 
10,840,877

 
(111,791
)
 
(9,263,393
)
 
1,465,693

 
November 30, 2014
 
Gross
Amounts
 
Netting in
Consolidated
Statement of
Financial
Condition
 
Net Amounts in
Consolidated
Statement of
Financial
Condition
 
Additional
Amounts
Available for
Setoff (1)
 
Available
Collateral (2)
 
Net Amount (4)
Assets
 
 
 
 
 
 
 
 
 
 
 
Securities borrowing arrangements
$
6,853,103

 
$
—

 
$
6,853,103

 
$
(680,222
)
 
$
(1,274,196
)
 
$
4,898,685

Reverse repurchase agreements
14,059,133

 
(10,132,275
)
 
3,926,858

 
(634,568
)
 
(3,248,817
)
 
43,473

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,598,487

 
$
—

 
$
2,598,487

 
$
(680,222
)
 
$
(1,883,140
)
 
$
35,125

Repurchase agreements
20,804,432

 
(10,132,275
)
 
10,672,157

 
(634,568
)
 
(8,810,770
)
 
1,226,819


(1)
Under master netting agreements with our counterparties, we have the legal right of offset with a counterparty, which incorporates all of the counterparty’s outstanding rights and obligations under the arrangement. These balances reflect additional credit risk mitigation that is available by counterparty in the event of a counterparty’s default, but which are not netted in the balance sheet because other netting provisions of U.S. GAAP are not met.
(2)
Includes securities received or paid under collateral arrangements with counterparties that could be liquidated in the event of a counterparty default and thus offset against a counterparty’s rights and obligations under the respective repurchase agreements or securities borrowing or lending arrangements.
(3)
Amounts include $6,266.5 million of securities borrowing arrangements, for which we have received securities collateral of $6,068.1 million, and $1,438.7 million of repurchase agreements, for which we have pledged securities collateral of $1,484.0 million, which are subject to master netting agreements but we have not yet determined the agreements to be legally enforceable.
(4)
Amounts include $4,847.4 million of securities borrowing arrangements, for which we have received securities collateral of $4,694.0 million, and $1,201.9 million of repurchase agreements, for which we have pledged securities collateral of $1,238.4 million, which are subject to master netting agreements but we have not yet determined the agreements to be legally enforceable.