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Collateralized Transactions (Tables)
 9 Months Ended
Aug. 31, 2016
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 (in thousands):
 
August 31, 2016
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
Corporate equity securities
$
2,341,506

 
$
174,077

 
$
2,515,583

Corporate debt securities
578,451

 
1,701,732

 
2,280,183

Mortgage- and asset-backed securities
—

 
2,358,531

 
2,358,531

U.S. government and federal agency securities
10,419

 
8,759,548

 
8,769,967

Municipal securities
—

 
420,957

 
420,957

Sovereign obligations
—

 
2,120,421

 
2,120,421

Loans and other receivables
—

 
478,693

 
478,693

Total
$
2,930,376

 
$
16,013,959

 
$
18,944,335

 
November 30, 2015
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
Corporate equity securities
$
2,195,912

 
$
275,880

 
$
2,471,792

Corporate debt securities
748,405

 
1,752,222

 
2,500,627

Mortgage- and asset-backed securities
—

 
3,537,812

 
3,537,812

U.S. government and federal agency securities
34,983

 
12,006,081

 
12,041,064

Municipal securities
—

 
357,350

 
357,350

Sovereign obligations
—

 
1,804,103

 
1,804,103

Loans and other receivables
—

 
462,534

 
462,534

Total
$
2,979,300

 
$
20,195,982

 
$
23,175,282

The following tables set forth the carrying value of securities lending arrangements and repurchase agreements by remaining contractual maturity (in thousands):
 
August 31, 2016
 
Overnight and Continuous
 
Up to 30 Days
 
30-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,629,631

 
$
85,895

 
$
794,824

 
$
420,026

 
$
2,930,376

Repurchase agreements
7,832,265

 
3,952,072

 
2,763,570

 
1,466,052

 
16,013,959

Total
$
9,461,896

 
$
4,037,967

 
$
3,558,394

 
$
1,886,078

 
$
18,944,335

 
November 30, 2015
 
Overnight and Continuous
 
Up to 30 Days
 
30-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,522,475

 
$
—

 
$
973,201

 
$
483,624

 
$
2,979,300

Repurchase agreements
7,850,791

 
5,218,059

 
5,291,729

 
1,835,403

 
20,195,982

Total
$
9,373,266

 
$
5,218,059

 
$
6,264,930

 
$
2,319,027

 
$
23,175,282
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, 2016
 
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
$
8,460,736

 
$
—

 
$
8,460,736

 
$
(831,732
)
 
$
(1,063,399
)
 
$
6,565,605

Reverse repurchase agreements
11,921,719

 
(7,883,525
)
 
4,038,194

 
(133,611
)
 
(3,878,141
)
 
26,442

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,930,376

 
$
—

 
$
2,930,376

 
$
(831,732
)
 
$
(2,038,342
)
 
$
60,302

Repurchase agreements
16,013,959

 
(7,883,525
)
 
8,130,434

 
(133,611
)
 
(6,707,666
)
 
1,289,157

 
November 30, 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 (4)
Assets:
 
 
 
 
 
 
 
 
 
 
 
Securities borrowing arrangements
$
6,975,136

 
$
—

 
$
6,975,136

 
$
(478,991
)
 
$
(667,099
)
 
$
5,829,046

Reverse repurchase agreements
14,048,860

 
(10,191,554
)
 
3,857,306

 
(83,452
)
 
(3,745,215
)
 
28,639

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,979,300

 
$
—

 
$
2,979,300

 
$
(478,991
)
 
$
(2,464,395
)
 
$
35,914

Repurchase agreements
20,195,982

 
(10,191,554
)
 
10,004,428

 
(83,452
)
 
(8,103,468
)
 
1,817,508

(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 $6,520.3 million of securities borrowing arrangements, for which we have received securities collateral of $6,315.7 million, and $1,278.2 million of repurchase agreements, for which we have pledged securities collateral of $1,326.2 million, which are subject to master netting agreements but we have not determined the agreements to be legally enforceable.
(4)
Amounts include $5,796.1 million of securities borrowing arrangements, for which we have received securities collateral of $5,613.3 million, and $1,807.2 million of repurchase agreements, for which we have pledged securities collateral of $1,875.3 million, which are subject to master netting agreements but we have not determined the agreements to be legally enforceable.