Accounts Payable and Other Liabilities

12 Months Ended

Dec. 31, 2014

Accounts Payable and Accrued Liabilities [Abstract]

Accounts payable and other liabilities

Accounts payable and other liabilities

Accounts payable and other liabilities consist of payables to customers; payables to brokers, dealers and clearing organizations; payables from security purchases that did not settle; income taxes payables; accrued expense, including interest-bearing liabilities; and all other liabilities, including litigation reserves and obligations to return securities received as collateral.

The following table details the components of accounts payable and other liabilities.

December 31, (in millions)	2014		2013
Brokerage payables(a)	$	134,467	$	116,391
Accounts payable and other liabilities(b)	72,487		78,100
Total	$	206,954	$	194,491

(a) Includes payables to customers, brokers, dealers and clearing organizations, and payables from security purchases that did not settle.

(b) Includes $36 million and $25 million accounted for at fair value at December 31, 2014 and 2013, respectively.