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Collateralized Transactions (Tables)
 3 Months Ended
Feb. 28, 2019
Banking and Thrift [Abstract]  
Schedule of Collateralized Financing Transactions The following tables set forth the carrying value of securities lending arrangements and repurchase agreements by class of collateral pledged (in thousands):
 
February 28, 2019
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
Corporate equity securities
$
1,860,725

 
$
277,041

 
$
2,137,766

Corporate debt securities
269,547

 
1,915,333

 
2,184,880

Mortgage- and asset-backed securities
—

 
3,277,181

 
3,277,181

U.S. government and federal agency securities
104,428

 
11,987,128

 
12,091,556

Municipal securities
—

 
466,849

 
466,849

Sovereign obligations
—

 
3,387,020

 
3,387,020

Loans and other receivables
—

 
352,411

 
352,411

Total
$
2,234,700

 
$
21,662,963

 
$
23,897,663

 
November 30, 2018
 
Securities Lending Arrangements
 
Repurchase Agreements
 
Total
Collateral Pledged:
 
 
 
 
 
Corporate equity securities
$
1,505,218

 
$
487,124

 
$
1,992,342

Corporate debt securities
333,221

 
1,853,309

 
2,186,530

Mortgage- and asset-backed securities
249

 
2,820,543

 
2,820,792

U.S. government and federal agency securities
—

 
8,181,947

 
8,181,947

Municipal securities
—

 
604,274

 
604,274

Sovereign obligations
—

 
2,945,521

 
2,945,521

Loans and other receivables
—

 
300,768

 
300,768

Total
$
1,838,688

 
$
17,193,486

 
$
19,032,174

The following tables set forth the carrying value of securities lending arrangements and repurchase agreements by remaining contractual maturity (in thousands):
 
February 28, 2019
 
Overnight and Continuous
 
Up to 30 Days
 
31-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
1,034,306

 
$
—

 
$
1,002,932

 
$
197,462

 
$
2,234,700

Repurchase agreements
11,379,518

 
4,169,261

 
4,223,211

 
1,890,973

 
21,662,963

Total
$
12,413,824

 
$
4,169,261

 
$
5,226,143

 
$
2,088,435

 
$
23,897,663

 
November 30, 2018
 
Overnight and Continuous
 
Up to 30 Days
 
31-90 Days
 
Greater than 90 Days
 
Total
Securities lending arrangements
$
807,347

 
$
—

 
$
560,417

 
$
470,924

 
$
1,838,688

Repurchase agreements
7,849,052

 
1,915,325

 
6,042,951

 
1,386,158

 
17,193,486

Total
$
8,656,399

 
$
1,915,325

 
$
6,603,368

 
$
1,857,082

 
$
19,032,174
Summary of Repurchase Agreements and Securities Borrowing and Lending Arrangements The following tables provide information regarding repurchase agreements and securities borrowing and lending arrangements that are recognized in our Consolidated Statements of Financial Condition and 1) the extent to which, under enforceable master netting arrangements, such balances are presented net in our Consolidated Statements of Financial Condition as appropriate under U.S. GAAP and 2) the extent to which other rights of setoff associated with these arrangements exist and could have an effect on our financial position (in thousands).
 
February 28, 2019
 
Gross Amounts
 
Netting in Consolidated Statement of Financial Condition
 
Net Amounts in Consolidated Statement of Financial Condition
 
Additional Amounts Available for Setoff (1)
 
Available Collateral (2)
 
Net Amount (3)
Assets:
 
 
 
 
 
 
 
 
 
 
 
Securities borrowing arrangements
$
7,231,073

 
$
—

 
$
7,231,073

 
$
(529,874
)
 
$
(1,171,891
)
 
$
5,529,308

Reverse repurchase agreements
15,852,250

 
(12,355,680
)
 
3,496,570

 
(328,449
)
 
(3,137,324
)
 
30,797

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
2,234,700

 
$
—

 
$
2,234,700

 
$
(529,874
)
 
$
(1,681,346
)
 
$
23,480

Repurchase agreements
21,662,963

 
(12,355,680
)
 
9,307,283

 
(328,449
)
 
(8,097,893
)
 
880,941

 
November 30, 2018
 
Gross Amounts
 
Netting in Consolidated Statement of Financial Condition
 
Net Amounts in Consolidated Statement of Financial Condition
 
Additional Amounts Available for Setoff (1)
 
Available Collateral (2)
 
Net Amount (4)
Assets:
 
 
 
 
 
 
 
 
 
 
 
Securities borrowing arrangements
$
6,538,212

 
$
—

 
$
6,538,212

 
$
(468,778
)
 
$
(1,193,986
)
 
$
4,875,448

Reverse repurchase agreements
11,336,175

 
(8,550,417
)
 
2,785,758

 
(609,225
)
 
(2,126,730
)
 
49,803

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Securities lending arrangements
$
1,838,688

 
$
—

 
$
1,838,688

 
$
(468,778
)
 
$
(1,343,704
)
 
$
26,206

Repurchase agreements
17,193,486

 
(8,550,417
)
 
8,643,069

 
(609,225
)
 
(7,070,967
)
 
962,877

(1)
Under master netting agreements with our counterparties, we have the legal right of offset with a counterparty, which incorporates all of the counterparty’s outstanding rights and obligations under the arrangement. These balances reflect additional credit risk mitigation that is available by a counterparty in the event of a counterparty’s default, but which are not netted in the balance sheet because other netting provisions of U.S. GAAP are not met.
(2)
Includes securities received or paid under collateral arrangements with counterparties that could be liquidated in the event of a counterparty default and thus offset against a counterparty’s rights and obligations under the respective repurchase agreements or securities borrowing or lending arrangements.
(3)
Amounts include $5,495.4 million of securities borrowing arrangements, for which we have received securities collateral of $5,338.4 million, and $848.7 million of repurchase agreements, for which we have pledged securities collateral of $869.3 million, which are subject to master netting agreements, but we have not determined the agreements to be legally enforceable.
(4)
Amounts include $4,825.7 million of securities borrowing arrangements, for which we have received securities collateral of $4,711.7 million, and $931.7 million of repurchase agreements, for which we have pledged securities collateral of $963.6 million, which are subject to master netting agreements, but we have not determined the agreements to be legally enforceable.