COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

6 Months Ended

Mar. 31, 2023

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
March 31, 2023
Gross amounts of recognized assets/liabilities	$	167	$	212	$	379	$	150	$	177	$	327
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	167		212		379		150		177		327
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(167)		(211)		(378)		(150)		(173)		(323)
Net amounts	$	—	$	1	$	1	$	—	$	4	$	4
September 30, 2022
Gross amounts of recognized assets/liabilities	$	367	$	337	$	704	$	294	$	172	$	466
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	367		337		704		294		172		466
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(367)		(327)		(694)		(294)		(162)		(456)
Net amounts	$	—	$	10	$	10	$	—	$	10	$	10

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
March 31, 2023
Gross amounts of recognized assets/liabilities	$	167	$	212	$	379	$	150	$	177	$	327
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	167		212		379		150		177		327
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(167)		(211)		(378)		(150)		(173)		(323)
Net amounts	$	—	$	1	$	1	$	—	$	4	$	4
September 30, 2022
Gross amounts of recognized assets/liabilities	$	367	$	337	$	704	$	294	$	172	$	466
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	367		337		704		294		172		466
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(367)		(327)		(694)		(294)		(162)		(456)
Net amounts	$	—	$	10	$	10	$	—	$	10	$	10

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
March 31, 2023
Repurchase agreements:
Government and agency obligations	$	115	$	—	$	—	$	—	$	115
Agency MBS and agency CMOs	35		—		—		—		35
Total repurchase agreements	150		—		—		—		150
Securities loaned:
Equity securities	177		—		—		—		177
Total collateralized financings	$	327	$	—	$	—	$	—	$	327
September 30, 2022
Repurchase agreements:
Government and agency obligations	$	183	$	—	$	—	$	—	$	183
Agency MBS and agency CMOs	111		—		—		—		111
Total repurchase agreements	294		—		—		—		294
Securities loaned:
Equity securities	172		—		—		—		172
Total collateralized financings	$	466	$	—	$	—	$	—	$	466

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	March 31, 2023		September 30, 2022
Collateral we received that was available to be delivered or repledged	$	2,993	$	3,812
Collateral that we delivered or repledged	$	766	$	947

Encumbered assets

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

$ in millions	March 31, 2023		September 30, 2022
Had the right to deliver or repledge	$	982	$	1,276
Did not have the right to deliver or repledge	$	4,753	$	63
Bank loans, net pledged with the:
FHLB	$	8,768	$	8,009
FRB	793		791
Total bank loans, net pledged with the FHLB and FRB	$	9,561	$	8,800