Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
ASSETS:
Cash and cash equivalents	$ 1,097	$ 937
Cash and investments segregated under federal regulations	11,081	9,982
Securities purchased under agreements to resell	770	843
Receivable from:
Clients	3,148	3,060
Mutual funds, insurance companies and other	499	450
Brokers, dealers and clearing organizations	235	160
Securities owned, at fair value:
Investment securities	214	201
Inventory securities	81	36
Equipment, property and improvements, at cost, net of accumulated depreciation and amortization	549	559
Other assets	130	128
TOTAL ASSETS	17,804	16,356
Payable to:
Clients	13,903	12,499
Brokers, dealers and clearing organizations	113	71
Accrued compensation and employee benefits	1,024	994
Accounts payable, accrued expenses and other	222	182
Total liabilities before partnership capital	15,262	13,746
Contingencies (Note 5)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	2,404	2,348
Reserve for anticipated withdrawals	138	262
Total partnership capital subject to mandatory redemption	2,542	2,610
TOTAL LIABILITIES	17,804	16,356
Limited Partnership Capital [Member]
Payable to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	906	916
Subordinated Limited Partnership Capital [Member]
Payable to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	421	368
General Partnership Capital [Member]
Payable to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	$ 1,077	$ 1,064