COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

3 Months Ended

Dec. 31, 2023

Offsetting [Abstract]

Schedule of Offsetting Transactions, Assets

For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. 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, 2023
Gross amounts of recognized assets/liabilities	$	194	$	260	$	454	$	169	$	347	$	516
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	194		260		454		169		347		516
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(194)		(248)		(442)		(169)		(332)		(501)
Net amounts	$	—	$	12	$	12	$	—	$	15	$	15
September 30, 2023
Gross amounts of recognized assets/liabilities	$	187	$	231	$	418	$	157	$	180	$	337
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	187		231		418		157		180		337
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(187)		(224)		(411)		(157)		(173)		(330)
Net amounts	$	—	$	7	$	7	$	—	$	7	$	7

Schedule of Offsetting Transactions, Liabilities

For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. 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, 2023
Gross amounts of recognized assets/liabilities	$	194	$	260	$	454	$	169	$	347	$	516
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	194		260		454		169		347		516
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(194)		(248)		(442)		(169)		(332)		(501)
Net amounts	$	—	$	12	$	12	$	—	$	15	$	15
September 30, 2023
Gross amounts of recognized assets/liabilities	$	187	$	231	$	418	$	157	$	180	$	337
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	187		231		418		157		180		337
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(187)		(224)		(411)		(157)		(173)		(330)
Net amounts	$	—	$	7	$	7	$	—	$	7	$	7

Remaining Contractual Maturity of Repurchase Agreements and Securities Lending Transactions 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, 2023
Repurchase agreements:
Government and agency obligations	$	107	$	—	$	—	$	—	$	107
Agency MBS and agency CMOs	62		—		—		—		62
Total repurchase agreements	169		—		—		—		169
Securities loaned:
Equity securities	347		—		—		—		347
Total collateralized financings	$	516	$	—	$	—	$	—	$	516
September 30, 2023
Repurchase agreements:
Government and agency obligations	$	122	$	—	$	—	$	—	$	122
Agency MBS and agency CMOs	35		—		—		—		35
Total repurchase agreements	157		—		—		—		157
Securities loaned:
Equity securities	180		—		—		—		180
Total collateralized financings	$	337	$	—	$	—	$	—	$	337

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, 2023		September 30, 2023
Collateral we received that was available to be delivered or repledged	$	3,230	$	3,267
Collateral that we delivered or repledged	$	1,126	$	730

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, 2023		September 30, 2023
Had the right to deliver or repledge	$	1,046	$	1,091
Did not have the right to deliver or repledge	$	64	$	63
Assets pledged with the FHLB and FRB:
Available-for-sale securities	$	3,947	$	3,897
Bank loans	10,396		10,166
Total assets pledged with the FHLB and FRB	$	14,343	$	14,063