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Offsetting Arrangements (Tables)
 9 Months Ended
Sep. 30, 2013
Offsetting [Abstract]  
Offsetting Assets
The following tables present information about the offsetting of derivative financial instruments and secured financing transactions, as of the dates indicated:
Assets:
 
September 30, 2013
 
December 31, 2012
(In millions)
 
Gross Amounts of Recognized Assets(1)
 
Gross Amounts Offset in Statement of Condition(2)
 
Net Amounts of Assets Presented in Statement of Condition
 
Gross Amounts of Recognized Assets(1)
 
Gross Amounts Offset in Statement of Condition(2)
 
Net Amounts of Assets Presented in Statement of Condition
Derivatives:
 
 
 
 
 
 
 
 
Interest-rate contracts
 
$
58

 
$
(45
)
 
$
13

 
$
223

 
$
(19
)
 
$
204

Foreign exchange contracts
 
10,366

 
(3,757
)
 
6,609

 
9,378

 
(3,575
)
 
5,803

Other derivative contracts
 
1

 
—

 
1

 
—

 
—

 
—

Cash collateral netting
 
—

 
(2,303
)
 
(2,303
)
 
—

 
(1,451
)
 
(1,451
)
Total derivatives
 
$
10,425

 
$
(6,105
)
 
$
4,320

 
$
9,601

 
$
(5,045
)
 
$
4,556

Other financial instruments:
 
 
 
 
 
 
 
 
Resale agreements and securities borrowing(3)
 
$
45,563

 
$
(29,974
)
 
$
15,589

 
$
35,658

 
$
(23,809
)
 
$
11,849

Total derivatives and other financial instruments
 
$
55,988

 
$
(36,079
)
 
$
19,909

 
$
45,259

 
$
(28,854
)
 
$
16,405

 
 
 
 
 
(1) Amounts include all transactions regardless of whether or not they are subject to an enforceable netting arrangement.
(2) Amounts subject to netting arrangements which have been determined to be legally enforceable.
(3) Included in the $15,589 million as of September 30, 2013 was $5,827 million of resale agreements and $9,762 million of collateral related to securities borrowing. Included in the $11,849 million as of December 31, 2012 was $5,016 million of resale agreements and $6,833 million of collateral related to securities borrowing. Resale agreements and collateral related to securities borrowing were recorded in securities purchased under resale agreements and other assets, respectively, in our consolidated statement of condition. Refer to note 8 for additional information with respect to principal securities finance transactions.

 
 
September 30, 2013
 
December 31, 2012
 
 
 
 
Gross Amounts Not Offset in Statement of Condition(1)
 
 
 
 
 
Gross Amounts Not Offset in Statement of Condition(1)
 
 
(In millions)
 
Net Amount of Assets Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Received
 
Net Amount(2)
 
Net Amount of Assets Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Received
 
Net Amount(2)
Derivatives
 
$
4,320

 
$
—

 
$
(95
)
 
$
4,225

 
$
4,556

 
$
—

 
$
(105
)
 
$
4,451

Resale agreements and securities borrowing
 
15,589

 
(144
)
 
(15,360
)
 
85

 
11,849

 
(126
)
 
(11,626
)
 
97

Total
 
$
19,909

 
$
(144
)
 
$
(15,455
)
 
$
4,310

 
$
16,405

 
$
(126
)
 
$
(11,731
)
 
$
4,548

 
 
 
 
 
(1) Amounts subject to netting arrangements which have been determined to be legally enforceable.
(2) Includes amounts secured by collateral not determined to be subject to enforceable netting arrangements.
Offsetting Liabilities
The following tables present information about the offsetting of derivative financial instruments and secured financing transactions, as of the dates indicated:
Liabilities:
 
September 30, 2013
 
December 31, 2012
(In millions)
 
Gross Amounts of Recognized Liabilities(1)
 
Gross Amounts Offset in Statement of Condition(2)
 
Net Amounts of Liabilities Presented in Statement of Condition
 
Gross Amounts of Recognized Liabilities(1)
 
Gross Amounts Offset in Statement of Condition(2)
 
Net Amounts of Liabilities Presented in Statement of Condition
Derivatives:
 
 
 
 
 
 
 
 
Interest-rate contracts
 
$
307

 
$
(45
)
 
$
262

 
$
345

 
$
(19
)
 
$
326

Foreign exchange contracts
 
10,261

 
(3,757
)
 
6,504

 
9,084

 
(3,574
)
 
5,510

Other derivative contracts
 
9

 
—

 
9

 
9

 
—

 
9

Cash collateral netting
 
—

 
(468
)
 
(468
)
 
—

 
(478
)
 
(478
)
Total derivatives
 
$
10,577

 
$
(4,270
)
 
$
6,307

 
$
9,438

 
$
(4,071
)
 
$
5,367

Other financial instruments:
 
 
 
 
 
 
 
 
Repurchase agreements and securities lending(3)
 
$
46,488

 
$
(29,974
)
 
$
16,514

 
$
36,801

 
$
(23,809
)
 
$
12,992

Total derivatives and other financial instruments
 
$
57,065

 
$
(34,244
)
 
$
22,821

 
$
46,239

 
$
(27,880
)
 
$
18,359

 
 
 
 
 
(1) Amounts include all transactions regardless of whether or not they are subject to an enforceable netting arrangement.
(2) Amounts subject to netting arrangements which have been determined to be legally enforceable.
(3) Included in the $16,514 million as of September 30, 2013 was $10,123 million of repurchase agreements and $6,391 million of collateral related to 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 collateral related to securities lending. Repurchase agreements and collateral related to securities lending were recorded in securities sold under repurchase agreements and accrued expenses and other liabilities, respectively, in our consolidated statement of condition. Refer to note 8 for additional information with respect to principal securities finance transactions.

 
 
September 30, 2013
 
December 31, 2012
 
 
 
 
Gross Amounts Not Offset in Statement of Condition(1)
 
 
 
 
 
Gross Amounts Not Offset in Statement of Condition(1)
 
 
(In millions)
 
Net Amount of Liabilities Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Provided
 
Net Amount(2)
 
Net Amount of Liabilities Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Provided
 
Net Amount(2)
Derivatives
 
$
6,307

 
$
—

 
$
—

 
$
6,307

 
$
5,367

 
$
—

 
$
—

 
$
5,367

Repurchase agreements and securities lending
 
$
16,514

 
$
(144
)
 
$
(14,002
)
 
2,368

 
12,992

 
(126
)
 
(12,067
)
 
799

Total
 
$
22,821

 
$
(144
)
 
$
(14,002
)
 
$
8,675

 
$
18,359

 
$
(126
)
 
$
(12,067
)
 
$
6,166

 
 
 
 
 
(1) Amounts subject to netting arrangements which have been determined to be legally enforceable.
(2) Includes amounts secured by collateral not determined to be subject to enforceable netting arrangements.