Consolidated Statements of Financial Condition - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ASSETS:
Cash and cash equivalents	$ 937	$ 1,033
Cash and investments segregated under federal regulations	9,982	8,848
Securities purchased under agreements to resell	843	634
Receivable from:
Clients	3,060	2,789
Mutual funds, insurance companies and other	450	437
Brokers, dealers and clearing organizations	160	122
Securities owned, at fair value:
Investment securities	201	161
Inventory securities	36	69
Equipment, property and improvements, at cost, net of accumulated depreciation and amortization	559	549
Other assets	128	128
TOTAL ASSETS	16,356	14,770
Payable to:
Clients	12,499	11,320
Brokers, dealers and clearing organizations	71	88
Accrued compensation and employee benefits	994	980
Accounts payable, accrued expenses and other	182	164
Total liabilities before partnership capital	$ 13,746	$ 12,552
Commitments and contingencies (Notes 11 and 12)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals	$ 2,348	$ 1,973
Reserve for anticipated withdrawals	262	245
Total partnership capital subject to mandatory redemption	2,610	2,218
TOTAL LIABILITIES	$ 16,356	$ 14,770