SECURITIES BORROWING AND LENDING (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Assets Subject to Master Netting Arrangement

The following tables set forth certain balances related to our securities borrowing and lending activities as of December 31, 2021 and September 30, 2022:


	December 31,		September 30,
(in millions)	2021		2022
Assets	Securities borrowed
Gross amount of securities borrowed	$	—	$	139
Gross amount offset on the consolidated balance sheets	—		—
Amounts of assets presented on the consolidated balance sheets	—		139
Gross amount of securities borrowed not offset on the consolidated balance sheets:
Securities borrowed	—		139
Security collateral received	—		(135)
Net amount	$	—	$	4

Liabilities	Securities loaned
Gross amount of securities loaned	$	3,651	$	1,423
Gross amount of securities loaned offset on the consolidated balance sheets	—		—
Amounts of liabilities presented on the consolidated balance sheets	3,651		1,423
Gross amount of securities loaned not offset on the consolidated balance sheets:
Securities loaned	3,651		1,423
Security collateral pledged	(3,427)		(1,288)
Net amount	$	224	$	135

Schedule of liabilities Subject to Master Netting Arrangement

The following tables set forth certain balances related to our securities borrowing and lending activities as of December 31, 2021 and September 30, 2022:


	December 31,		September 30,
(in millions)	2021		2022
Assets	Securities borrowed
Gross amount of securities borrowed	$	—	$	139
Gross amount offset on the consolidated balance sheets	—		—
Amounts of assets presented on the consolidated balance sheets	—		139
Gross amount of securities borrowed not offset on the consolidated balance sheets:
Securities borrowed	—		139
Security collateral received	—		(135)
Net amount	$	—	$	4

Liabilities	Securities loaned
Gross amount of securities loaned	$	3,651	$	1,423
Gross amount of securities loaned offset on the consolidated balance sheets	—		—
Amounts of liabilities presented on the consolidated balance sheets	3,651		1,423
Gross amount of securities loaned not offset on the consolidated balance sheets:
Securities loaned	3,651		1,423
Security collateral pledged	(3,427)		(1,288)
Net amount	$	224	$	135