Long-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Long-Term Borrowings

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

	As of
$ in millions		March 2017	December 2016
Other secured financings (long-term)		$  11,127	$    8,405
Unsecured long-term borrowings		199,370	189,086
Total		$210,497	$197,491

Unsecured Long-Term Borrowings

The table below presents unsecured long-term borrowings extending through 2056, which consists principally of senior borrowings.

$ in millions	U.S. Dollar	Non-U.S. Dollar	Total
As of March 2017
Fixed-rate obligations	$  97,757	$  31,811	$129,568
Floating-rate obligations	40,672	29,130	69,802
Total	$138,429	$  60,941	$199,370
As of December 2016
Fixed-rate obligations	$  96,113	$  32,159	$128,272
Floating-rate obligations	36,748	24,066	60,814
Total	$132,861	$  56,225	$189,086

Unsecured Long-Term Borrowings by Maturity Date

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

$ in millions	As of March 2017
2018	$  20,246
2019	26,790
2020	21,749
2021	20,969
2022	16,723
2023 - thereafter	92,893
Total	$199,370

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		March 2017	December 2016
Fixed-rate obligations:
At fair value		$       145	$       150
At amortized cost		75,019	74,718
Floating-rate obligations:
At fair value		31,930	29,260
At amortized cost		92,276	84,958
Total		$199,370	$189,086

Subordinated Long-Term Borrowings

The table below presents details about the firm’s subordinated borrowings.

$ in millions	Par Amount	Carrying Amount	Rate
As of March 2017
Subordinated debt	$14,827	$17,280	4.29%
Junior subordinated debt	1,360	1,807	5.72%
Total	$16,187	$19,087	4.41%
As of December 2016
Subordinated debt	$15,058	$17,604	4.29%
Junior subordinated debt	1,360	1,809	5.70%
Total	$16,418	$19,413	4.41%