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Offsetting Arrangements (Tables)
 12 Months Ended
Dec. 31, 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:
 
December 31, 2015
 
December 31, 2014
(In millions)
 
Gross Amounts of Recognized Assets(1)(2)
 
Gross Amounts Offset in Statement of Condition(3)
 
Net Amounts of Assets Presented in Statement of Condition
 
Gross Amounts of Recognized Assets(1)
 
Gross Amounts Offset in Statement of Condition(3)
 
Net Amounts of Assets Presented in Statement of Condition
Derivatives:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
11,316

 
$
(5,896
)
 
$
5,420

 
$
15,135

 
$
(6,275
)
 
$
8,860

Interest-rate contracts
 
135

 
(5
)
 
130

 
77

 
(21
)
 
56

Equity derivative contracts
 
1

 
—

 
1

 
—

 
—

 
—

Other derivative contracts
 
4

 
(2
)
 
2

 
2

 
(1
)
 
1

Cash collateral netting
 
—

 
(776
)
 
(776
)
 
—

 
(983
)
 
(983
)
Total derivatives
 
$
11,456

 
$
(6,679
)
 
$
4,777

 
$
15,214

 
$
(7,280
)
 
$
7,934

Other financial instruments:
 
 
 
 
 
 
 
 
Resale agreements and securities borrowing(4)
 
$
62,522

 
$
(38,997
)
 
$
23,525

 
$
47,488

 
$
(29,157
)
 
$
18,331

Total derivatives and other financial instruments
 
$
73,978

 
$
(45,676
)
 
$
28,302

 
$
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) Derivative amounts are carried at fair value and securities financing amounts are carried at amortized cost, except for securities collateral which are also carried at fair value. Refer to Note 1 and Note 2 for additional information on the measurement basis of these instruments.
(3) Amounts subject to netting arrangements which have been determined to be legally enforceable and eligible for netting in the consolidated statement of condition.
(4) Included in the $23,525 million as of December 31, 2015 were $3,404 million of resale agreements and $20,121 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 12 for additional information with respect to principal securities finance transactions.
 
 
December 31, 2015
 
December 31, 2014
 
 
 
 
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
 
Counterparty Netting
 
Cash and Securities Received(1)
 
Net Amount(2)
 
Net Amount of Assets Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Received(1)
 
Net Amount(2)
Derivatives
 
$
4,777

 
$
—

 
$
(405
)
 
$
4,372

 
$
7,934

 
$
—

 
$
(1,490
)
 
$
6,444

Resale agreements and securities borrowing
 
23,525

 
(63
)
 
(22,812
)
 
650

 
18,331

 
(128
)
 
(18,157
)
 
46

Total
 
$
28,302

 
$
(63
)
 
$
(23,217
)
 
$
5,022

 
$
26,265

 
$
(128
)
 
$
(19,647
)
 
$
6,490

 
 
 
 
 
(1) Includes securities in connection with our securities borrowing transactions.
(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:
 
December 31, 2015
 
December 31, 2014
(In millions)
 
Gross Amounts of Recognized Liabilities(1)(2)
 
Gross Amounts Offset in Statement of Condition(3)
 
Net Amounts of Liabilities Presented in Statement of Condition
 
Gross Amounts of Recognized Liabilities(1)
 
Gross Amounts Offset in Statement of Condition(3)
 
Net Amounts of Liabilities Presented in Statement of Condition
Derivatives:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
10,868

 
$
(5,896
)
 
$
4,972

 
$
14,925

 
$
(6,275
)
 
$
8,650

Interest-rate contracts
 
182

 
(5
)
 
177

 
239

 
(20
)
 
219

Other derivative contracts
 
103

 
(2
)
 
101

 
70

 
(1
)
 
69

Cash collateral netting
 
—

 
(1,118
)
 
(1,118
)
 
—

 
(2,630
)
 
(2,630
)
Total derivatives
 
$
11,153

 
$
(7,021
)
 
$
4,132

 
$
15,234

 
$
(8,926
)
 
$
6,308

Other financial instruments:
 
 
 
 
 
 
 
 
Repurchase agreements and securities lending(4)
 
$
46,766

 
$
(38,997
)
 
$
7,769

 
$
44,562

 
$
(29,157
)
 
$
15,405

Total derivatives and other financial instruments
 
$
57,919

 
$
(46,018
)
 
$
11,901

 
$
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) Derivative amounts are carried at fair value and securities financing amounts are carried at amortized cost, except for securities collateral which are also carried at fair value. Refer to Note 1 and Note 2 for additional information on the measurement basis of these instruments.
(3) Amounts subject to netting arrangements which have been determined to be legally enforceable and eligible for netting in the consolidated statement of condition.
(4) Included in the $7,769 million as of December 31, 2015 were $4,499 million of repurchase agreements and $3,270 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 12 for additional information with respect to principal securities finance transactions.
 
 
December 31, 2015
 
December 31, 2014
 
 
 
 
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
 
Counterparty Netting
 
Cash and Securities Provided(1)
 
Net Amount(2)
 
Net Amount of Liabilities Presented in Statement of Condition
 
Counterparty Netting
 
Collateral Provided(1)
 
Net Amount(2)
Derivatives
 
$
4,132

 
$
—

 
$
(64
)
 
$
4,068

 
$
6,308

 
$
—

 
$
(19
)
 
$
6,289

Repurchase agreements and securities lending
 
7,769

 
(63
)
 
(5,287
)
 
2,419

 
15,405

 
(128
)
 
(13,872
)
 
1,405

Total
 
$
11,901

 
$
(63
)
 
$
(5,351
)
 
$
6,487

 
$
21,713

 
$
(128
)
 
$
(13,891
)
 
$
7,694

 
 
 
 
 
(1) Includes securities provided in connection with our securities lending transactions.
(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 December 31, 2015:
 
 
Remaining Contractual Maturity of the Agreements
(In millions)
 
Overnight and Continuous
 
Up to 30 days
 
30 – 90 days
 
Total
Repurchase agreements:
 
 
 
 
 
 
 
 
U.S. Treasury and agency securities
 
$
37,157

 
$
5

 
$
—

 
$
37,162

Non-U.S. sovereign debt
 
—

 
97

 
—

 
97

Total
 
37,157

 
102

 
—

 
37,259

Securities lending transactions:
 
 
 
 
 
 
 
 
Corporate debt securities
 
1

 
—

 
—

 
1

Equity securities
 
8,502

 
—

 
1,002

 
9,504

Non-U.S. sovereign debt
 
2

 
—

 
—

 
2

Total
 
8,505

 
—

 
1,002

 
9,507

Gross amount of recognized liabilities for repurchase agreements and securities lending
 
$
45,662

 
$
102

 
$
1,002

 
$
46,766