COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

9 Months Ended

Jun. 30, 2020

Offsetting [Abstract]

Offsetting assets

Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table.

	Assets				Liabilities
$ in millions	Reverse repurchase agreements		Securities borrowed		Repurchase agreements		Securities loaned
June 30, 2020
Gross amounts of recognized assets/liabilities	$	193	$	300	$	228	$	88
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	193		300		228		88
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(193)		(293)		(228)		(78)
Net amounts	$	—	$	7	$	—	$	10
September 30, 2019
Gross amounts of recognized assets/liabilities	$	343	$	248	$	150	$	323
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	343		248		150		323
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(343)		(243)		(150)		(311)
Net amounts	$	—	$	5	$	—	$	12

Offsetting liabilities

Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table.

	Assets				Liabilities
$ in millions	Reverse repurchase agreements		Securities borrowed		Repurchase agreements		Securities loaned
June 30, 2020
Gross amounts of recognized assets/liabilities	$	193	$	300	$	228	$	88
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	193		300		228		88
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(193)		(293)		(228)		(78)
Net amounts	$	—	$	7	$	—	$	10
September 30, 2019
Gross amounts of recognized assets/liabilities	$	343	$	248	$	150	$	323
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	343		248		150		323
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(343)		(243)		(150)		(311)
Net amounts	$	—	$	5	$	—	$	12

Collateral

The following table presents financial instruments at fair value that we received as collateral, were not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were delivered or repledged, to satisfy one of our purposes previously described.

$ in millions	June 30, 2020		September 30, 2019
Collateral we received that was available to be delivered or repledged	$	2,516	$	2,931
Collateral that we delivered or repledged	$	723	$	897

Encumbered assets

The following table presents information about our assets that have been pledged for one of the purposes previously described.

$ in millions	June 30, 2020		September 30, 2019
Had the right to deliver or repledge	$	334	$	591
Did not have the right to deliver or repledge	$	65	$	65
Bank loans, net pledged at Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank (“FRB”)	$	5,352	$	4,653

Transfer of certain financial assets accounted for as secured borrowings

The following table presents the remaining contractual maturity of repurchase agreements and securities lending transactions accounted for as secured borrowings.

$ in millions	Overnight and continuous		Up to 30 days		30-90 days		Greater than 90 days		Total
June 30, 2020
Repurchase agreements:
Government and agency obligations	$	104	$	—	$	—	$	—	$	104
Agency MBS and CMOs	124		—		—		—		124
Total repurchase agreements	228		—		—		—		228
Securities loaned:
Equity securities	88		—		—		—		88
Total	$	316	$	—	$	—	$	—	$	316
September 30, 2019
Repurchase agreements:
Government and agency obligations	$	70	$	—	$	—	$	—	$	70
Agency MBS and CMOs	80		—		—		—		80
Total repurchase agreements	150		—		—		—		150
Securities loaned:
Equity securities	323		—		—		—		323
Total	$	473	$	—	$	—	$	—	$	473