COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

3 Months Ended

Dec. 31, 2020

Offsetting [Abstract]

Offsetting assets

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

	Collateralized agreements						Collateralized financings
$ in millions	Reverse repurchase agreements		Securities borrowed		Total		Repurchase agreements		Securities loaned		Total
December 31, 2020
Gross amounts of recognized assets/liabilities	$	162	$	371	$	533	$	233	$	64	$	297
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	162		371		533		233		64		297
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(162)		(355)		(517)		(233)		(58)		(291)
Net amounts	$	—	$	16	$	16	$	—	$	6	$	6
September 30, 2020
Gross amounts of recognized assets/liabilities	$	207	$	215	$	422	$	165	$	85	$	250
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	207		215		422		165		85		250
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(207)		(209)		(416)		(165)		(79)		(244)
Net amounts	$	—	$	6	$	6	$	—	$	6	$	6

Offsetting liabilities

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

	Collateralized agreements						Collateralized financings
$ in millions	Reverse repurchase agreements		Securities borrowed		Total		Repurchase agreements		Securities loaned		Total
December 31, 2020
Gross amounts of recognized assets/liabilities	$	162	$	371	$	533	$	233	$	64	$	297
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	162		371		533		233		64		297
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(162)		(355)		(517)		(233)		(58)		(291)
Net amounts	$	—	$	16	$	16	$	—	$	6	$	6
September 30, 2020
Gross amounts of recognized assets/liabilities	$	207	$	215	$	422	$	165	$	85	$	250
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	207		215		422		165		85		250
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(207)		(209)		(416)		(165)		(79)		(244)
Net amounts	$	—	$	6	$	6	$	—	$	6	$	6

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	December 31, 2020		September 30, 2020
Collateral we received that was available to be delivered or repledged	$	3,064	$	2,869
Collateral that we delivered or repledged	$	793	$	788

Encumbered assets

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

$ in millions	December 31, 2020		September 30, 2020
Had the right to deliver or repledge	$	327	$	325
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 of Atlanta	$	5,359	$	5,367

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
December 31, 2020
Repurchase agreements:
Government and agency obligations	$	127	$	—	$	—	$	—	$	127
Agency MBS and agency CMOs	106		—		—		—		106
Total repurchase agreements	233		—		—		—		233
Securities loaned:
Equity securities	64		—		—		—		64
Total collateralized financings	$	297	$	—	$	—	$	—	$	297
September 30, 2020
Repurchase agreements:
Government and agency obligations	$	87	$	—	$	—	$	—	$	87
Agency MBS and agency CMOs	78		—		—		—		78
Total repurchase agreements	165		—		—		—		165
Securities loaned:
Equity securities	85		—		—		—		85
Total collateralized financings	$	250	$	—	$	—	$	—	$	250