Long-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Long-Term Borrowings

The table below presents details about the firm’s long-term borrowings.

	As of
$ in millions		September 2016	December 2015
Other secured financings (long-term)		$    7,290	$  10,520
Unsecured long-term borrowings		190,586	175,422
Total		$197,876	$185,942

Unsecured Long-Term Borrowings

The table below presents unsecured long-term borrowings extending through 2061 and consisting principally of senior borrowings.

$ in millions	U.S. Dollar	Non-U.S. Dollar	Total
As of September 2016
Fixed-rate obligations	$  93,681	$33,198	$126,879
Floating-rate obligations	36,386	27,321	63,707
Total	$130,067	$60,519	$190,586
As of December 2015
Fixed-rate obligations	$  92,190	$30,703	$122,893
Floating-rate obligations	33,543	18,986	52,529
Total	$125,733	$49,689	$175,422

Unsecured Long-Term Borrowings by Maturity Date

The table below presents unsecured long-term borrowings by maturity date.

$ in millions	As of September 2016
2017	$    4,466
2018	25,721
2019	23,340
2020	19,181
2021	21,235
2022 - thereafter	96,643
Total	$190,586

Unsecured Long-Term Borrowings after Hedging

The table below presents unsecured long-term borrowings, after giving effect to such hedging activities.

	As of
$ in millions		September 2016	December 2015
Fixed-rate obligations
At fair value		$       146	$         21
At amortized cost		69,701	55,017
Floating-rate obligations
At fair value		30,120	22,252
At amortized cost		90,619	98,132
Total		$190,586	$175,422

Subordinated Long-Term Borrowings

The table below presents subordinated borrowings.

$ in millions	Par Amount	Carrying Amount	Rate
As of September 2016
Subordinated debt	$15,184	$18,290	4.27%
Junior subordinated debt	1,360	1,811	5.79%
Total subordinated borrowings	$16,544	$20,101	4.39%
As of December 2015
Subordinated debt	$18,004	$20,784	3.79%
Junior subordinated debt	1,359	1,817	5.77%
Total subordinated borrowings	$19,363	$22,601	3.93%