Borrowings and Other Secured Financings

3 Months Ended

Mar. 31, 2018

Borrowings and Other Secured Financings

Long-Term Borrowings and Other Secured Financings

10.Borrowings and Other Secured Financings

Borrowings
		At		At
		March 31,		December 31,
$ in millions		2018		2017
Original maturities of one year or less	$	1,256	$	1,519
Original maturities greater than one year
Senior	$	183,712	$	180,835
Subordinated		9,996		10,228
Total	$	193,708	$	191,063
Total borrowings	$	194,964	$	192,582
Weighted average stated maturity, in years1		6.6		6.6

• Includes only borrowings with original maturities greater than one year.

Other Secured Financings

Other secured financings include the liabilities related to pledged commodities, certain ELNs, transfers of financial assets that are accounted for as financings rather than sales, consolidated VIEs where the Firm is deemed to be the primary beneficiary and other secured borrowings. These liabilities are generally payable from the cash flows of the related assets accounted for as Trading assets.See Note 12 for further information on other secured financings related to VIEs and securitization activities.

Other Secured Financings by Original Maturity and Type
		At		At
		March 31,		December 31,
$ in millions		2018		2017
Original maturities:
Greater than one year	$	8,159	$	8,685
One year or less		1,406		2,034
Failed sales1		710		552
Total	$	10,275	$	11,271

• For more information on failed sales, see Note 12.