Pledged Assets and Collateral (Tables)

9 Months Ended

Sep. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of pledged assets

The following table presents the carrying value of the Firm’s pledged assets.

(in billions)	September 30, 2025		December 31, 2024
Assets that may be sold or repledged or otherwise used by secured parties	$	255.9	$	152.5
Assets that may not be sold or repledged or otherwise used by secured parties	387.4		297.9
Assets pledged at Federal Reserve banks and FHLBs	733.1		724.0
Total pledged assets	$	1,376.4	$	1,174.4

Schedule of collateral received

The following table presents the fair value of collateral accepted.

(in billions)	September 30, 2025		December 31, 2024
Collateral permitted to be sold or repledged, delivered, or otherwise used	$	1,829.9	$	1,544.0
Collateral sold, repledged, delivered or otherwise used	1,439.9		1,210.7