Collateralized Agreements and Financings (Tables)

12 Months Ended

Dec. 31, 2012

Collateralized Agreements and Financings [Abstract]

Resale and repurchase agreements and securities borrowed and loaned transactions

	As of December
in millions		2012	2011
Securities purchased under agreements to resell 1		$141,334	$187,789
Securities borrowed 2		136,893	153,341
Securities sold under agreements to repurchase 1		171,807	164,502
Securities loaned 2		13,765	7,182

1. Substantially all resale and repurchase agreements are carried at fair value under the fair value option. See Note 8 for further information about the valuation techniques and significant inputs used to determine fair value.

2. As of December 2012 and December 2011, $38.40 billion and $47.62 billion of securities borrowed, and $1.56 billion and $107 million of securities loaned were at fair value, respectively.

Other secured financings

	As of December 2012						As of December 2011
$ in millions		U.S. Dollar		Non-U.S. Dollar		Total		U.S. Dollar		Non-U.S. Dollar		Total
Other secured financings (short-term):
At fair value		$16,504		$6,181		$22,685		$18,519		$  5,140		$23,659
At amortized cost		34		326		360		155		5,371		5,526
Interest rates 1		6.18	%	0.10	%			3.85	%	0.22	%
Other secured financings (long-term):
At fair value		6,134		1,518		7,652		4,305		2,055		6,360
At amortized cost		577		736		1,313		1,024		795		1,819
Interest rates 1		2.61	%	2.55	%			1.88	%	3.28	%
Total 2		$23,249		$8,761		$32,010		$24,003		$13,361		$37,364
Amount of other secured financings collateralized by:
Financial instruments 3		$22,323		$8,442		$30,765		$22,850		$12,274		$35,124
Other assets 4		926		319		1,245		1,153		1,087		2,240

1. The weighted average interest rates exclude secured financings at fair value and include the effect of hedging activities. See Note 7 for further information about hedging activities.

2. Includes $8.68 billion and $9.36 billion related to transfers of financial assets accounted for as financings rather than sales as of December 2012 and December 2011, respectively. Such financings were collateralized by financial assets included in “Financial instruments owned, at fair value” of $8.92 billion and $9.51 billion as of December 2012 and December 2011, respectively.

3. Includes $17.24 billion and $14.33 billion of other secured financings collateralized by financial instruments owned, at fair value as of December 2012 and December 2011, respectively, and includes $13.53 billion and $20.79 billion of other secured financings collateralized by financial instruments received as collateral and repledged as of December 2012 and December 2011, respectively.

4. Primarily real estate and cash.

Other Secured Financings by maturity date

in millions	As of December 2012
Other secured financings (short-term)	$23,045
Other secured financings (long-term):
2014	4,957
2015	1,446
2016	869
2017	271
2018-thereafter	1,422
Total other secured financings (long-term)	8,965
Total other secured financings	$32,010

Financial Instruments Received As Collateral And Repledged

	As of December
in millions		2012	2011
Collateral available to be delivered or repledged		$540,949	$622,926
Collateral that was delivered or repledged		397,652	454,604

Financial Instruments Owned, at fair value and Other Assets Pledged as Collateral

	As of December
in millions		2012	2011
Financial instruments owned, at fair value pledged to counterparties that:
Had the right to deliver or repledge		$  67,177	$  53,989
Did not have the right to deliver or repledge		120,980	110,949
Other assets pledged to counterparties that:
Did not have the right to deliver or repledge		2,031	3,444