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Offsetting Arrangements (Tables)
 3 Months Ended
Mar. 31, 2014
Offsetting [Abstract]  
Offsetting Assets
The following tables present information about the offsetting of assets related to derivative contracts and secured financing transactions, as of the dates indicated:
Assets:
 
March 31, 2014
 
December 31, 2013
(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
 
$
56

 
$
(45
)
 
$
11

 
$
65

 
$
(59
)
 
$
6

Foreign exchange contracts
 
8,318

 
(3,489
)
 
4,829

 
11,911

 
(4,514
)
 
7,397

Other derivative contracts
 
2

 
(1
)
 
1

 
1

 
—

 
1

Cash collateral netting
 
—

 
(1,372
)
 
(1,372
)
 
—

 
(1,928
)
 
(1,928
)
Total derivatives
 
$
8,376

 
$
(4,907
)
 
$
3,469

 
$
11,977

 
$
(6,501
)
 
$
5,476

Other financial instruments:
 
 
 
 
 
 
 
 
Resale agreements and securities borrowing(3)
 
$
47,715

 
$
(30,307
)
 
$
17,408

 
$
48,221

 
$
(30,700
)
 
$
17,521

Total derivatives and other financial instruments
 
$
56,091

 
$
(35,214
)
 
$
20,877

 
$
60,198

 
$
(37,201
)
 
$
22,997

 
 
 
 
 
(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 $17,408 million as of March 31, 2014 was $6,087 million of resale agreements and $11,321 million of collateral provided related to securities borrowing. Included in the $17,521 million as of December 31, 2013 was $6,230 million of resale agreements and $11,291 million of collateral provided related to securities borrowing. Resale agreements and collateral provided 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 7 for additional information with respect to principal securities finance transactions.
 
 
March 31, 2014
 
December 31, 2013
 
 
 
 
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
 
$
3,469

 
$
—

 
$
(187
)
 
$
3,282

 
$
5,476

 
$
—

 
$
(181
)
 
$
5,295

Resale agreements and securities borrowing
 
17,408

 
(113
)
 
(15,099
)
 
2,196

 
17,521

 
(131
)
 
(14,983
)
 
2,407

Total
 
$
20,877

 
$
(113
)
 
$
(15,286
)
 
$
5,478

 
$
22,997

 
$
(131
)
 
$
(15,164
)
 
$
7,702

 
 
 
 
 
(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 liabilities related to derivative contracts and secured financing transactions, as of the dates indicated:
Liabilities:
 
March 31, 2014
 
December 31, 2013
(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
 
$
269

 
$
(45
)
 
$
224

 
$
331

 
$
(59
)
 
$
272

Foreign exchange contracts
 
7,842

 
(3,489
)
 
4,353

 
11,471

 
(4,514
)
 
6,957

Other derivative contracts
 
10

 
(1
)
 
9

 
9

 
—

 
9

Cash collateral netting
 
—

 
(274
)
 
(274
)
 
—

 
(979
)
 
(979
)
Total derivatives
 
$
8,121

 
$
(3,809
)
 
$
4,312

 
$
11,811

 
$
(5,552
)
 
$
6,259

Other financial instruments:
 
 
 
 
 
 
 
 
Repurchase agreements and securities lending(3)
 
$
45,545

 
$
(30,307
)
 
$
15,238

 
$
45,273

 
$
(30,700
)
 
$
14,573

Total derivatives and other financial instruments
 
$
53,666

 
$
(34,116
)
 
$
19,550

 
$
57,084

 
$
(36,252
)
 
$
20,832

 
 
 
 
 
(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 $15,238 million as of March 31, 2014 was $8,953 million of repurchase agreements and $6,285 million of collateral received related to securities lending. Included in the $14,573 million as of December 31, 2013 was $7,953 million of repurchase agreements and $6,620 million of collateral received related to securities lending. Repurchase agreements and collateral received 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 7 for additional information with respect to principal securities finance transactions.
 
 
March 31, 2014
 
December 31, 2013
 
 
 
 
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
 
$
4,312

 
$
—

 
$
—

 
$
4,312

 
$
6,259

 
$
—

 
$
(6
)
 
$
6,253

Repurchase agreements and securities lending
 
15,238

 
(113
)
 
(13,015
)
 
2,110

 
14,573

 
(131
)
 
(13,036
)
 
1,406

Total
 
$
19,550

 
$
(113
)
 
$
(13,015
)
 
$
6,422

 
$
20,832

 
$
(131
)
 
$
(13,042
)
 
$
7,659

 
 
 
 
 
(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.