COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)

9 Months Ended

Jun. 30, 2024

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
June 30, 2024
Gross amounts of recognized assets/liabilities	$	311	$	259	$	570	$	374	$	780	$	1,154
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	311		259		570		374		780		1,154
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(311)		(249)		(560)		(374)		(750)		(1,124)
Net amounts	$	—	$	10	$	10	$	—	$	30	$	30
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
June 30, 2024
Gross amounts of recognized assets/liabilities	$	311	$	259	$	570	$	374	$	780	$	1,154
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition	—		—		—		—		—		—
Net amounts included in the Condensed Consolidated Statements of Financial Condition	311		259		570		374		780		1,154
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition	(311)		(249)		(560)		(374)		(750)		(1,124)
Net amounts	$	—	$	10	$	10	$	—	$	30	$	30
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 Repurchase Agreements

The following table presents our repurchase agreements and securities lending transactions accounted for as secured borrowings by type of collateral. Such secured borrowings have no stated maturity and are generally overnight and continuous.

$ in millions	June 30, 2024		September 30, 2023
Repurchase agreements:
Government and agency obligations	$	203	$	122
Agency MBS and agency CMOs	171		35
Total repurchase agreements	$	374	$	157
Securities loaned:
Equity securities	780		180
Total collateralized financings	$	1,154	$	337

Schedule of 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, 2024		September 30, 2023
Collateral we received that was available to be delivered or repledged	$	3,428	$	3,267
Collateral that we delivered or repledged	$	1,741	$	730

Schedule of Encumbered Assets

The following table presents information about our assets that have been pledged for such purposes.

$ in millions	June 30, 2024		September 30, 2023
Had the right to deliver or repledge	$	1,217	$	1,091
Did not have the right to deliver or repledge	$	65	$	63

The following table presents information about our assets that have been pledged with the FHLB or FRB.

$ in millions	June 30, 2024		September 30, 2023
Assets pledged with the FHLB or FRB:
Available-for-sale securities	$	3,958	$	3,897
Bank loans	10,784		10,166
Total assets pledged with the FHLB or FRB	$	14,742	$	14,063