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Offsetting Arrangements (Tables)
 3 Months Ended
Mar. 31, 2013
Offsetting [Abstract]  
Offsetting Assets
The following table presents derivative financial instruments and secured financing transactions that are subject to enforceable netting arrangements and are offset in our consolidated statement of condition in conformity with GAAP, as of the dates indicated:
Assets:
 
March 31, 2013
 
December 31, 2012
(In millions)
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in Statement of Condition
 
Net Amounts of Assets Presented in Statement of Condition
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in Statement of Condition
 
Net Amounts of Assets Presented in Statement of Condition
Derivatives subject to netting arrangements:
 
 
 
 
 
 
 
 
Interest-rate contracts
 
$
86

 
$
(12
)
 
$
74

 
$
223

 
$
(19
)
 
204

Foreign exchange contracts
 
6,024

 
(3,567
)
 
2,457

 
5,255

 
(3,575
)
 
1,680

Cross-product and cash collateral netting
 
—

 
(2,209
)
 
(2,209
)
 
—

 
(1,451
)
 
(1,451
)
Total derivatives subject to netting arrangements(1)
 
$
6,110

 
$
(5,788
)
 
$
322

 
$
5,478

 
$
(5,045
)
 
$
433

Other financial instruments subject to netting arrangements:
 
 
 
 
 
 
 
 
Resale agreements and securities borrowing(2)
 
$
45,060

 
$
(27,266
)
 
$
17,794

 
$
34,853

 
$
(23,005
)
 
$
11,848

Total assets subject to netting arrangements
 
$
51,170

 
$
(33,054
)
 
$
18,116

 
$
40,331

 
$
(28,050
)
 
$
12,281

 
 
 
 
 
(1) In addition to the $322 million and $433 million as of March 31, 2013 and December 31, 2012, respectively. we have $4,189 million and $4,123 million, respectively, of derivative assets not determined to be subject to enforceable netting arrangements. Refer to notes 2 and 10 for additional information with respect to derivative financial instrument balances recorded in our consolidated statement of condition.
(2) Included in the $17,794 million as of March 31, 2013 was $8,703 million of resale agreements and $9,091 million of securities borrowing. Included in the $11,848 million as of December 31, 2012 was $5,016 million of resale agreements and $6,832 million of securities borrowing. Resale agreements and securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to notes 6 and 7 for additional information with respect to these arrangements.
The following table presents derivative financial instruments and secured financing transactions that are subject to enforceable netting arrangements, but do not meet the applicable offsetting criteria and therefore were not offset in our consolidated statement of condition, as of the dates indicated:
 
 
March 31, 2013
 
December 31, 2012
 
 
 
 
Gross Amounts Not Offset in Statement of Condition
 
 
 
 
 
Gross Amounts Not Offset in Statement of Condition
 
 
(In millions)
 
Net Amount of Assets Presented in Statement of Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
 
Net Amount of Assets Presented in Statement of Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
Derivatives(1)
 
$
322

 
$
—

 
$
—

 
$
322

 
$
433

 
$
—

 
$
—

 
$
433

Resale agreements and securities borrowing(2)
 
17,794

 
(202
)
 
—

 
17,592

 
11,848

 
(126
)
 
—

 
11,722

Total
 
$
18,116

 
$
(202
)
 
$
—

 
$
17,914

 
$
12,281

 
$
(126
)
 
$
—

 
$
12,155
Offsetting Liabilities
g table presents derivative financial instruments and secured financing transactions that are subject to enforceable netting arrangements and are offset in our consolidated statement of condition in conformity with GAAP, as of the dates indicated:

Liabilities:
 
March 31, 2013
 
December 31, 2012
(In millions)
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in Statement of Condition
 
Net Amounts of Liabilities Presented in Statement of Condition
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in Statement of Condition
 
Net Amounts of Liabilities Presented in Statement of Condition
Derivatives subject to netting arrangements:
 
 
 
 
 
 
 
 
Interest-rate contracts
 
$
313

 
$
(12
)
 
$
301

 
$
345

 
$
(19
)
 
326

Foreign exchange contracts
 
4,465

 
(3,567
)
 
898

 
4,054

 
(3,575
)
 
479

Cross-product and cash collateral netting
 
—

 
(1,016
)
 
(1,016
)
 
—

 
(477
)
 
(477
)
Total derivatives subject to netting arrangements(1)
 
$
4,778

 
$
(4,595
)
 
$
183

 
$
4,399

 
$
(4,071
)
 
$
328

Other financial instruments subject to netting arrangements:
 
 
 
 
 
 
 
 
Repurchase agreements and securities lending(2)
 
$
18,643

 
$
—

 
$
18,643

 
$
12,992

 
$
—

 
$
12,992

Total liabilities subject to netting arrangements
 
$
23,421

 
$
(4,595
)
 
$
18,826

 
$
17,391

 
$
(4,071
)
 
$
13,320

 
 
 
 
 
(1) In addition to the $183 million and $328 million as of March 31, 2013 and December 31, 2012, respectively, we have $5,187 million and $5,039 million, respectively, of derivative liabilities not determined to be subject to enforceable netting arrangements. Refer to notes 2 and 10 for additional information with respect to derivative financial instrument balances recorded in our consolidated statement of condition.
(2) Included in the $18,643 million as of March 31, 2013 was $11,538 million of repurchase agreements and $7,105 million of securities lending. Included in the $12,992 million as of December 31, 2012 was $8,006 million of repurchase agreements and $4,986 million of securities lending. Repurchase agreements and securities lending were recorded in securities sold under repurchase agreements and other liabilities, respectively, in our consolidated statement of condition. Refer to note 7 for additional information with respect to these arrangements.
The following table presents derivative financial instruments and secured financing transactions subject to enforceable netting arrangements that do not meet the applicable offsetting criteria and therefore were not offset in our consolidated statement of condition, as of the dates indicated:
 
 
March 31, 2013
 
December 31, 2012
 
 
 
 
Gross Amounts Not Offset in Statement of Condition
 
 
 
 
 
Gross Amounts Not Offset in Statement of Condition
 
 
(In millions)
 
Net Amount of Liabilities Presented in Statement of Condition
 
Financial Instruments
 
Cash Collateral Provided
 
Net Amount
 
Net Amount of Liabilities Presented in Statement of Condition
 
Financial Instruments
 
Cash Collateral Provided
 
Net Amount
Derivatives
 
$
183

 
$
—

 
$
—

 
$
183

 
$
328

 
$
—

 
$
—

 
$
328

Repurchase agreements and securities lending(1)
 
18,643

 
(202
)
 
—

 
18,441

 
12,992

 
(126
)
 
—

 
12,866

Total
 
$
18,826

 
$
(202
)
 
$
—

 
$
18,624

 
$
13,320

 
$
(126
)
 
$
—

 
$
13,194