Collateralized Transactions (Tables)

9 Months Ended

Sep. 30, 2015

Information of Offsetting of Assets and Liabilities

		At September 30, 2015
		Gross Amounts(1)		Amounts Offset in the Condensed Consolidated Statements of Financial Condition		Net Amounts Presentedin the Condensed Consolidated Statements of Financial Condition		Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2)		Net Exposure
		(dollars in millions)
Assets
Securities purchased under agreements to resell	$	185,825	$	(58,619)	$	127,206	$	(122,156)	$	5,050
Securities borrowed		157,456		(9,211)		148,245		(141,809)		6,436

Liabilities
Securities sold under agreements to repurchase	$	117,189	$	(58,619)	$	58,570	$	(48,777)	$	9,793
Securities loaned		29,855		(9,211)		20,644		(20,183)		461

		At December 31, 2014
		Gross Amounts(3)		Amounts Offset in the Condensed Consolidated Statements of Financial Condition		Net Amounts Presentedin the Condensed Consolidated Statements of Financial Condition		Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2)		Net Exposure
		(dollars in millions)
Assets
Securities purchased under agreements to resell	$	148,234	$	(64,946)	$	83,288	$	(79,343)	$	3,945
Securities borrowed		145,556		(8,848)		136,708		(128,282)		8,426

Liabilities
Securities sold under agreements to repurchase	$	134,895	$	(64,946)	$	69,949	$	(56,454)	$	13,495
Securities loaned		34,067		(8,848)		25,219		(24,252)		967

_____________

(1) Amounts include $4.9 billion of Securities purchased under agreements to resell, $3.5 billion of Securities borrowed, $9.7 billion of Securities sold under agreements to repurchase and $0.4 billion of Securities loaned, which are either not subject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable.

(2) Amounts relate to master netting agreements, which have been determined by the Company to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.

(3) Amounts include $3.9 billion of Securities purchased under agreements to resell, $4.2 billion of Securities borrowed, $15.6 billion of Securities sold under agreements to repurchase and $0.7 billion of Securities loaned, which are either not subject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable.

Schedule Of Securities Financing Transactions

				At September 30, 2015
				Remaining Contractual Maturity
				Overnightand Open		Less than 30 days		30-90 days		Over 90 days		Total
				(dollars in millions)
Securities sold under agreements to repurchase(1)			$	46,165	$	21,392	$	12,312	$	37,320	$	117,189
Securities loaned(1)				16,224		2,026		2,103		9,502		29,855
	Gross amount of secured financing included in the
		above offsetting disclosure	$	62,389	$	23,418	$	14,415	$	46,822	$	147,044
Obligation to return securities received as collateral				20,328		—		—		—		20,328
Total			$	82,717	$	23,418	$	14,415	$	46,822	$	167,372

Secured Financing by the Class of Collateral Pledged			At September 30, 2015
			(dollars in millions)
Securities sold under agreements to repurchase(1)
U.S. government and agency securities		$	65,438
State and municipal securities			51
Other sovereign government obligations			35,608
Asset-backed securities			776
Corporate and other debt			4,426
Corporate equities			10,587
Other			303
	Total securities sold under agreements to repurchase	$	117,189

Securities loaned(1)
Other sovereign government obligations		$	9,356
Corporate and other debt			176
Corporate equities			20,312
Other			11
	Total securities loaned	$	29,855
Gross amount of secured financing included in the above offsetting disclosure		$	147,044

Obligation to return securities received as collateral
Corporate equities		$	20,328
	Total obligation to return securities received as collateral	$	20,328
Total		$	167,372

_____________

(1) Amounts presented on a gross basis, prior to netting as shown on the Company’s condensed consolidated statements of financial condition.

Schedule of Cash and Securities Segregated under Federal and Other Regulations

				At September 30, 2015		At December 31, 2014
				(dollars in millions)
Cash deposited with clearing organizations or segregated under federal and other
	regulations or requirements(1)		$	35,552	$	40,607
Securities(2)				16,946		14,630
		Total	$	52,498	$	55,237

_____________

In June 2015, the Company made amendments to certain arrangements by which it acts in the capacity of a clearing member to clear derivatives on behalf of customers. These amendments resulted in approximately $3.8 billion related to cash initial margin received from customers and remitted to clearing organizations or third-party custodian banks no longer qualifying for recognition in the Company’s condensed consolidated statements of financial condition.
Securities deposited with clearing organizations or segregated under federal and other regulations or requirements are sourced from Securities purchased under agreements to resell and Trading assets in the Company’s condensed consolidated statements of financial condition.