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SECURITIES BORROWED, LOANED AND SUBJECT TO REPURCHASE AGREEMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]  
Securities borrowed or purchased under agreements to resell
Securities borrowed and purchased under agreements to resell, at their respective carrying values, consisted of the following:

In millions of dollarsJune 30,
2023		December 31, 2022
Securities purchased under agreements to resell$266,952 $291,272 
Deposits paid for securities borrowed70,177 74,165 
Total, net(1)
$337,129 $365,437 
Allowance for credit losses on securities purchased and borrowed(2)
(26)(36)
Total, net of allowance$337,103 $365,401 
Securities loaned or sold under agreements to repurchase
Securities loaned and sold under agreements to repurchase, at their respective carrying values, consisted of the following:

In millions of dollarsJune 30,
2023		December 31, 2022
Securities sold under agreements to repurchase$247,294 $183,827 
Deposits received for securities loaned12,741 18,617 
Total, net(1)
$260,035 $202,444 

(1)    The above tables do not include securities-for-securities lending transactions of $5.9 billion and $4.4 billion at June 30, 2023 and December 31, 2022, respectively, where the Company acts as lender and receives securities that can be sold or pledged as collateral. In these transactions, the Company recognizes the securities received at fair value within Other assets and the obligation to return those securities as a liability within Brokerage payables.
(2)     See Note 14 for further information.
Schedule of gross and net resale agreements and securities borrowing agreements and the related offsetting amount permitted as well as not permitted under ASC 210-20-45 The following tables present the gross and net resale and repurchase agreements and securities borrowing and lending agreements and the related offsetting amounts permitted under ASC 210-20-45. The tables also include amounts related to financial instruments that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting rights has been obtained. Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.
 As of June 30, 2023
In millions of dollarsGross amounts
of recognized
assets
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
assets included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities purchased under agreements to resell$485,998 $219,046 $266,952 $242,215 $24,737 
Deposits paid for securities borrowed86,876 16,699 70,177 12,418 57,759 
Total$572,874 $235,745 $337,129 $254,633 $82,496 
In millions of dollarsGross amounts
of recognized
liabilities
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
liabilities included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities sold under agreements to repurchase$466,340 $219,046 $247,294 $151,953 $95,341 
Deposits received for securities loaned29,440 16,699 12,741 1,893 10,848 
Total$495,780 $235,745 $260,035 $153,846 $106,189 
 As of December 31, 2022
In millions of dollarsGross amounts
of recognized
assets
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
assets included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities purchased under agreements to resell$403,663 $112,391 $291,272 $204,077 $87,195 
Deposits paid for securities borrowed88,817 14,652 74,165 13,844 60,321 
Total$492,480 $127,043 $365,437 $217,921 $147,516 
In millions of dollarsGross amounts
of recognized
liabilities
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
liabilities included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities sold under agreements to repurchase$296,218 $112,391 $183,827 $71,635 $112,192 
Deposits received for securities loaned33,269 14,652 18,617 2,542 16,075 
Total$329,487 $127,043 $202,444 $74,177 $128,267 

(1)Includes financial instruments subject to enforceable master netting agreements that are permitted to be offset under ASC 210-20-45.
(2)Includes financial instruments subject to enforceable master netting agreements that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting right has been obtained.
(3)Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.
Schedule of gross and net repurchase agreements and securities lending agreements and the related offsetting amount permitted as well as not permitted under ASC 210-20-45 The following tables present the gross and net resale and repurchase agreements and securities borrowing and lending agreements and the related offsetting amounts permitted under ASC 210-20-45. The tables also include amounts related to financial instruments that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting rights has been obtained. Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.
 As of June 30, 2023
In millions of dollarsGross amounts
of recognized
assets
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
assets included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities purchased under agreements to resell$485,998 $219,046 $266,952 $242,215 $24,737 
Deposits paid for securities borrowed86,876 16,699 70,177 12,418 57,759 
Total$572,874 $235,745 $337,129 $254,633 $82,496 
In millions of dollarsGross amounts
of recognized
liabilities
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
liabilities included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities sold under agreements to repurchase$466,340 $219,046 $247,294 $151,953 $95,341 
Deposits received for securities loaned29,440 16,699 12,741 1,893 10,848 
Total$495,780 $235,745 $260,035 $153,846 $106,189 
 As of December 31, 2022
In millions of dollarsGross amounts
of recognized
assets
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
assets included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities purchased under agreements to resell$403,663 $112,391 $291,272 $204,077 $87,195 
Deposits paid for securities borrowed88,817 14,652 74,165 13,844 60,321 
Total$492,480 $127,043 $365,437 $217,921 $147,516 
In millions of dollarsGross amounts
of recognized
liabilities
Gross amounts
offset on the
Consolidated
Balance Sheet(1)
Net amounts of
liabilities included on
the Consolidated
Balance Sheet
Amounts
not offset on the
Consolidated Balance
Sheet but eligible for
offsetting upon
counterparty default(2)
Net
amounts(3)
Securities sold under agreements to repurchase$296,218 $112,391 $183,827 $71,635 $112,192 
Deposits received for securities loaned33,269 14,652 18,617 2,542 16,075 
Total$329,487 $127,043 $202,444 $74,177 $128,267 

(1)Includes financial instruments subject to enforceable master netting agreements that are permitted to be offset under ASC 210-20-45.
(2)Includes financial instruments subject to enforceable master netting agreements that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting right has been obtained.
(3)Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.
Gross amount of liabilities associated with repurchase agreements and securities lending agreements
The following tables present the gross amounts of liabilities associated with repurchase agreements and securities lending agreements by remaining contractual maturity:

As of June 30, 2023
In millions of dollarsOpen and overnightUp to 30 days31–90 daysGreater than 90 daysTotal
Securities sold under agreements to repurchase$277,705 $107,162 $25,550 $55,923 $466,340 
Deposits received for securities loaned21,543 304 645 6,948 29,440 
Total$299,248 $107,466 $26,195 $62,871 $495,780 

As of December 31, 2022
In millions of dollarsOpen and overnightUp to 30 days31–90 daysGreater than 90 daysTotal
Securities sold under agreements to repurchase$138,710 $86,819 $25,119 $45,570 $296,218 
Deposits received for securities loaned25,388 267 2,121 5,493 33,269 
Total$164,098 $87,086 $27,240 $51,063 $329,487 
The following tables present the gross amounts of liabilities associated with repurchase agreements and securities lending agreements by class of underlying collateral:

As of June 30, 2023
In millions of dollarsRepurchase agreementsSecurities lending agreementsTotal
U.S. Treasury and federal agency securities$185,547 $544 $186,091 
State and municipal securities1,465 — 1,465 
Foreign government securities176,437 593 177,030 
Corporate bonds16,729 246 16,975 
Equity securities21,548 27,561 49,109 
Mortgage-backed securities54,842 314 55,156 
Asset-backed securities2,906 — 2,906 
Other6,866 182 7,048 
Total$466,340 $29,440 $495,780 

As of December 31, 2022
In millions of dollarsRepurchase agreementsSecurities lending agreementsTotal
U.S. Treasury and federal agency securities$99,979 $106 $100,085 
State and municipal securities1,911 — 1,911 
Foreign government securities123,826 13 123,839 
Corporate bonds14,308 45 14,353 
Equity securities9,749 33,096 42,845 
Mortgage-backed securities36,225 — 36,225 
Asset-backed securities1,755 — 1,755 
Other8,465 9 8,474 
Total$296,218 $33,269 $329,487