COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

9 Months Ended

Jun. 30, 2021

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
June 30, 2021
Gross amounts of recognized assets/liabilities	$	289	$	350	$	639	$	185	$	100	$	285
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	289		350		639		185		100		285
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(289)		(339)		(628)		(185)		(96)		(281)
Net amounts	$	—	$	11	$	11	$	—	$	4	$	4
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
June 30, 2021
Gross amounts of recognized assets/liabilities	$	289	$	350	$	639	$	185	$	100	$	285
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	289		350		639		185		100		285
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(289)		(339)		(628)		(185)		(96)		(281)
Net amounts	$	—	$	11	$	11	$	—	$	4	$	4
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	June 30, 2021		September 30, 2020
Collateral we received that was available to be delivered or repledged	$	3,515	$	2,869
Collateral that we delivered or repledged	$	973	$	788

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, 2021		September 30, 2020
Had the right to deliver or repledge	$	379	$	325
Did not have the right to deliver or repledge	$	65	$	65
Bank loans, net pledged at the Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank of Atlanta	$	5,581	$	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
June 30, 2021
Repurchase agreements:
Government and agency obligations	$	88	$	—	$	—	$	—	$	88
Agency MBS and agency CMOs	97		—		—		—		97
Total repurchase agreements	185		—		—		—		185
Securities loaned:
Equity securities	100		—		—		—		100
Total collateralized financings	$	285	$	—	$	—	$	—	$	285
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