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Offsetting Arrangements (Tables)
 9 Months Ended
Sep. 30, 2015
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:
 
September 30, 2015
 
December 31, 2014
(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:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
10,734

 
$
(4,729
)
 
$
6,005

 
$
15,135

 
$
(6,275
)
 
$
8,860

Interest-rate contracts
 
232

 
(9
)
 
223

 
77

 
(21
)
 
56

Equity derivative contracts
 
1

 
(1
)
 
—

 
—

 
—

 
—

Other derivative contracts
 
4

 
(3
)
 
1

 
2

 
(1
)
 
1

Cash collateral netting
 
—

 
(842
)
 
(842
)
 
—

 
(983
)
 
(983
)
Total derivatives
 
$
10,971

 
$
(5,584
)
 
$
5,387

 
$
15,214

 
$
(7,280
)
 
$
7,934

Other financial instruments:
 
 
 
 
 
 
 
 
Resale agreements and securities borrowing(3)
 
$
67,065

 
$
(36,705
)
 
$
30,360

 
$
47,488

 
$
(29,157
)
 
$
18,331

Total derivatives and other financial instruments
 
$
78,036

 
$
(42,289
)
 
$
35,747

 
$
62,702

 
$
(36,437
)
 
$
26,265

 
 
 
 
 
(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 $30,360 million as of September 30, 2015 were $9,155 million of resale agreements and $21,205 million of collateral provided related to securities borrowing. Included in the $18,331 million as of December 31, 2014 were $2,390 million of resale agreements and $15,941 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.
 
 
September 30, 2015
 
December 31, 2014
 
 
 
 
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
 
$
5,387

 
$
—

 
$
(410
)
 
$
4,977

 
$
7,934

 
$
—

 
$
(1,490
)
 
$
6,444

Resale agreements and securities borrowing
 
30,360

 
(48
)
 
(29,780
)
 
532

 
18,331

 
(128
)
 
(18,157
)
 
46

Total
 
$
35,747

 
$
(48
)
 
$
(30,190
)
 
$
5,509

 
$
26,265

 
$
(128
)
 
$
(19,647
)
 
$
6,490

 
 
 
 
 
(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:
 
September 30, 2015
 
December 31, 2014
(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:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
10,297

 
$
(4,729
)
 
$
5,568

 
$
14,925

 
$
(6,275
)
 
$
8,650

Interest-rate contracts
 
207

 
(9
)
 
198

 
239

 
(20
)
 
219

Equity derivative contracts
 
1

 
(1
)
 
—

 
—

 
—

 
—

Other derivative contracts
 
104

 
(3
)
 
101

 
70

 
(1
)
 
69

Cash collateral netting
 
—

 
(1,751
)
 
(1,751
)
 
—

 
(2,630
)
 
(2,630
)
Total derivatives
 
$
10,609

 
$
(6,493
)
 
$
4,116

 
$
15,234

 
$
(8,926
)
 
$
6,308

Other financial instruments:
 
 
 
 
 
 
 
 
Repurchase agreements and securities lending(3)
 
$
48,002

 
$
(36,705
)
 
$
11,297

 
$
44,562

 
$
(29,157
)
 
$
15,405

Total derivatives and other financial instruments
 
$
58,611

 
$
(43,198
)
 
$
15,413

 
$
59,796

 
$
(38,083
)
 
$
21,713

 
 
 
 
 
(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 $11,297 million as of September 30, 2015 were $7,760 million of repurchase agreements and $3,537 million of collateral received related to securities lending. Included in the $15,405 million as of December 31, 2014 were $8,925 million of repurchase agreements and $6,480 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.
 
 
September 30, 2015
 
December 31, 2014
 
 
 
 
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
 
$
4,116

 
$
—

 
$
(58
)
 
$
4,058

 
$
6,308

 
$
—

 
$
(19
)
 
$
6,289

Repurchase agreements and securities lending
 
11,297

 
(48
)
 
(9,053
)
 
2,196

 
15,405

 
(128
)
 
(13,872
)
 
1,405

Total
 
$
15,413

 
$
(48
)
 
$
(9,111
)
 
$
6,254

 
$
21,713

 
$
(128
)
 
$
(13,891
)
 
$
7,694

 
 
 
 
 
(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.
Securities Sold and Securities Loaned Under Repurchase Agreements
The following table summarizes our repurchase agreements and securities lending transactions by category of collateral pledged and remaining maturity of these agreements as of September 30, 2015:
 
 
September 30, 2015
 
 
Remaining Contractual Maturity of the Agreements
(In millions)
 
Overnight and Continuous
 
Up to 30 days
 
30 – 90 days
 
Total
Repurchase agreements
 
 
 
 
 
 
 
 
US Treasury and agency securities
 
$
39,883

 
$
—

 
$
—

 
$
39,883

Non-US sovereign debt
 
—

 
178

 
—

 
178

Total
 
$
39,883

 
$
178

 
$
—

 
$
40,061

Securities lending transactions
 
 
 
 
 
 
 
 
Equity securities
 
7,435

 
—

 
506

 
7,941

Total
 
$
7,435

 
$
—

 
$
506

 
$
7,941

Gross amount of recognized liabilities for repurchase agreements and securities lending
 
$
47,318

 
$
178

 
$
506

 
$
48,002