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Collateralized Transactions (Tables)
 3 Months Ended
Feb. 28, 2018
Banking and Thrift [Abstract]  
Schedule of Collateralized Financing Transactions
The following tables set forth the carrying value of securities lending arrangements, repurchase agreements and obligation to return securities received as collateral by class of collateral pledged (in thousands):
 
February 28, 2018
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
Cash
$
—

 
$
213,035

 
$
213,035

Corporate equity securities
1,934,024

 
309,860

 
2,243,884

Corporate debt securities
363,344

 
2,027,899

 
2,391,243

Mortgage- and asset-backed securities
—

 
2,961,222

 
2,961,222

U.S. government and federal agency securities
75,105

 
8,269,477

 
8,344,582

Municipal securities
—

 
547,817

 
547,817

Sovereign obligations
—

 
2,124,652

 
2,124,652

Loans and other receivables
—

 
301,165

 
301,165

Total
$
2,372,473

 
$
16,755,127

 
$
19,127,600

 
November 30, 2017
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Obligation To Return Securities Received As Collateral
 
Total
Collateral Pledged:
 
 
 
 
 
 
 
Corporate equity securities
$
2,353,798

 
$
214,413

 
$
—

 
$
2,568,211

Corporate debt securities
470,908

 
2,336,702

 
—

 
2,807,610

Mortgage- and asset-backed securities
—

 
2,562,268

 
—

 
2,562,268

U.S. government and federal agency securities
19,205

 
11,792,534

 
—

 
11,811,739

Municipal securities
—

 
444,861

 
—

 
444,861

Sovereign obligations
—

 
2,023,530

 
103

 
2,023,633

Loans and other receivables
—

 
454,941

 
—

 
454,941

Total
$
2,843,911

 
$
19,829,249

 
$
103

 
$
22,673,263

The following tables set forth the carrying value of securities lending arrangements, repurchase agreements and obligation to return securities received as collateral by remaining contractual maturity (in thousands):
 
February 28, 2018
 
Overnight and Continuous
 
Up to 30 Days
 
31-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,115,462

 
$
—

 
$
869,585

 
$
387,426

 
$
2,372,473

Repurchase agreements
8,192,755

 
2,606,412

 
4,815,819

 
1,140,141

 
16,755,127

Total
$
9,308,217

 
$
2,606,412

 
$
5,685,404

 
$
1,527,567

 
$
19,127,600

 
November 30, 2017
 
Overnight and Continuous
 
Up to 30 Days
 
31-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,676,940

 
$
—

 
$
741,971

 
$
425,000

 
$
2,843,911

Repurchase agreements
10,780,474

 
4,058,228

 
3,211,464

 
1,779,083

 
19,829,249

Obligation to return securities received as collateral
103

 
—

 
—

 
—

 
103

Total
$
12,457,517

 
$
4,058,228

 
$
3,953,435

 
$
2,204,083

 
$
22,673,263
Summary of Repurchase Agreements and Securities Borrowing and Lending Arrangements
The following tables provide information regarding repurchase agreements, securities borrowing and lending arrangements and securities received as collateral and obligation to return securities received as collateral that are recognized in our Consolidated Statements of Financial Condition and 1) the extent to which, under enforceable master netting arrangements, such balances are presented net in our 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).
 
February 28, 2018
 
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
$
7,300,171

 
$
—

 
$
7,300,171

 
$
(662,827
)
 
$
(1,151,335
)
 
$
5,486,009

Reverse repurchase agreements
11,488,733

 
(8,504,788
)
 
2,983,945

 
(289,950
)
 
(2,673,232
)
 
20,763

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,372,473

 
$
—

 
$
2,372,473

 
$
(662,827
)
 
$
(1,558,384
)
 
$
151,262

Repurchase agreements
16,755,127

 
(8,504,788
)
 
8,250,339

 
(289,950
)
 
(7,041,254
)
 
919,135

 
November 30, 2017
 
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
$
7,721,803

 
$
—

 
$
7,721,803

 
$
(966,712
)
 
$
(1,032,629
)
 
$
5,722,462

Reverse repurchase agreements
14,858,297

 
(11,168,738
)
 
3,689,559

 
(463,973
)
 
(3,027,147
)
 
198,439

Securities received as collateral
103

 
—

 
103

 
—

 
(103
)
 
—

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,843,911

 
$
—

 
$
2,843,911

 
$
(966,712
)
 
$
(1,795,408
)
 
$
81,791

Repurchase agreements
19,829,249

 
(11,168,738
)
 
8,660,511

 
(463,973
)
 
(7,067,512
)
 
1,129,026

Obligation to return securities received as collateral
103

 
—

 
103

 
—

 
(103
)
 
—

(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 $5,418.7 million of securities borrowing arrangements, for which we have received securities collateral of $5,221.3 million, and $888.2 million of repurchase agreements, for which we have pledged securities collateral of $907.3 million, which are subject to master netting agreements but we have not determined the agreements to be legally enforceable.
(4)
Amounts include $5,678.6 million of securities borrowing arrangements, for which we have received securities collateral of $5,516.7 million, and $1,084.4 million of repurchase agreements, for which we have pledged securities collateral of $1,115.9 million, which are subject to master netting agreements but we have not determined the agreements to be legally enforceable.