Securities Financing Activities (Tables)

3 Months Ended

Mar. 31, 2013

Securities Financing Transactions Disclosures [Abstract]

Schedule of Securities Purchased Under Resale Agreements, Netting & Securities Borrowed [Table Text Block]

The following table presents as of March 31, 2013 and December 31, 2012 the gross and net securities purchased under resale agreements and Securities borrowed. Securities purchased under resale agreements have been presented on the Consolidated Balance Sheets net of securities sold under repurchase agreements where netting requirements have been met, including obtaining a legal opinion that supports, with sufficient confidence, the enforceability of the master netting agreement (“U.S. GAAP nettable securities purchased under resale agreements”); where such a legal opinion has not been either sought or obtained, the securities purchased under resale agreements are not netted, and are shown separately in the table below (“Securities purchased under resale agreements not nettable under U.S. GAAP”). Securities borrowed are presented on a gross basis on the Consolidated Balance Sheets.

	March 31, 2013								December 31, 2012
(in millions)	Gross asset balance		Amounts netted on the Consolidated Balance Sheets			Net asset balance			Gross asset balance		Amounts netted on the Consolidated Balance Sheets			Net asset balance
Securities purchased under resale agreements
U.S. GAAP nettable securities purchased under resale agreements	$	308,068	$	(101,060	)	$	207,008		$	381,377	$	(96,947	)	$	284,430
Securities purchased under resale agreements not nettable under U.S. GAAP	11,018					11,018			10,983					10,983
Total securities purchased under resale agreements	$	319,086	$	(101,060	)	$	218,026	(a)	$	392,360	$	(96,947	)	$	295,413	(a)
Securities borrowed	$	114,058	N/A			$	114,058	(b)(c)	$	119,017	N/A			$	119,017	(b)(c)

(a) At March 31, 2013 and December 31, 2012 included securities purchased under resale agreements of $25.6 billion and $24.3 billion, respectively, accounted for at fair value.

(b) At March 31, 2013 and December 31, 2012 included securities borrowed of $5.4 billion and $10.2 billion, respectively, accounted for at fair value.

(c) Included $3.6 billion and $6.9 billion at March 31, 2013 and December 31, 2012, respectively, of securities borrowed where a legal opinion has not been either sought or obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

Schedule of Securities Purchased Under Resale Agreements & Securities Borrowed Collateral Netting [Table Text Block]

The following table presents information as of March 31, 2013 and December 31, 2012 regarding the U.S. GAAP nettable securities purchased under resale agreements and Securities borrowed for which a legal opinion has been obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy. The below table excludes information related to resale agreements not nettable under U.S. GAAP and securities borrowed where a legal opinion has not been either sought or obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

	March 31, 2013										December 31, 2012
			Amounts not nettable on the Consolidated Balance Sheets(a)										Amounts not nettable on the Consolidated Balance Sheets(a)
(in millions)	Net asset balance		Financial instruments(b)			Cash collateral			Net exposure		Net asset balance		Financial instruments(b)			Cash collateral			Net exposure
U.S. GAAP nettable securities purchased under resale agreements	$	207,008	$	(204,268	)	$	(1,036	)	$	1,704	$	284,430	$	(282,468	)	$	(998	)	$	964
Securities borrowed	$	110,497	$	(106,847	)	$	—		$	3,650	$	112,087	$	(108,777	)	$	—		$	3,310

(a) For some counterparties, the sum of the financial instruments and cash collateral not nettable on the Consolidated Balance Sheets may exceed the net asset balance. Where this is the case the total amounts reported in these two columns is limited to the balance of the net reverse repurchase agreement or securities borrowed asset with that counterparty.

(b) Includes

Schedule of Securities Sold Under Repurchase Agreements, Netting & Securities Loaned [Table Text Block]

The following table presents as of March 31, 2013 and December 31, 2012 the gross and net securities sold under repurchase agreements and Securities loaned. Securities sold under repurchase agreements have been presented on the Consolidated Balance Sheets net of securities purchased under resale agreements where netting requirements have been met, including obtaining a legal opinion that supports, with sufficient confidence, the enforceability of the master netting agreement (“U.S. GAAP nettable securities sold under repurchase agreements”); where such legal opinion has not been either sought or obtained, the securities sold under repurchase agreements are not netted, and are shown separately in the table below (“Securities sold under repurchase agreements not nettable under U.S. GAAP”). Securities loaned are presented on a gross basis on the Consolidated Balance Sheets.

	March 31, 2013								December 31, 2012
(in millions)	Gross liability balance		Amounts netted on the Consolidated Balance Sheets			Net liability balance			Gross liability balance		Amounts netted on the Consolidated Balance Sheets			Net liability balance
Securities sold under repurchase agreements
U.S. GAAP nettable securities sold under repurchase agreements	$	313,969	$	(101,060	)	$	212,909		$	301,352	$	(96,947	)	$	204,405
Securities sold under repurchase agreements not nettable under U.S. GAAP(a)	9,889					9,889			11,155					11,155
Total securities sold under repurchase agreements	$	323,858	$	(101,060	)	$	222,798	(c)	$	312,507	$	(96,947	)	$	215,560	(c)
Securities loaned(b)	$	31,528	N/A			$	31,528	(d)(e)	$	30,458	N/A			$	30,458	(d)(e)

(a) Includes repurchase agreements that are not subject to a master netting agreement but do provide enforceable rights to collateral.

(b) Included securities-for-securities borrow vs. pledge transactions of $6.9 billion and $6.9 billion at March 31, 2013, and December 31, 2012, respectively, when acting as lender and as presented within other liabilities in the Consolidated Balance Sheets.

(c) At March 31, 2013 and December 31, 2012, included securities sold under repurchase agreements of $3.9 billion and $3.9 billion, respectively, accounted for at fair value.

(d) At March 31, 2013 and December 31, 2012 included securities loaned of $445 million and $457 million, respectively, accounted for at fair value.

(e) Included $1.3 billion and $889 million at March 31, 2013 and December 31, 2012, respectively of securities loaned where a legal opinion has not been either sought or obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

Schedule of Securities Sold Under Repurchase Agreements & Securities Loaned Collateral Netting [Table Text Block]

The following table presents information as of March 31, 2013 and December 31, 2012 regarding the U.S. GAAP nettable securities sold under repurchase agreements and Securities loaned for which a legal opinion has been obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy. The below table excludes information related to repurchase agreements not nettable under U.S. GAAP and securities loaned where a legal opinion has not been either sought or obtained to support, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

	March 31, 2013										December 31, 2012
			Amounts not nettable on the Consolidated balance sheets(a)										Amounts not nettable on the Consolidated balance sheets(a)
(in millions)	Net liability balance		Financial instruments(b)			Cash collateral			Net amount(c)		Net liability balance		Financial instruments(b)			Cash collateral			Net amount(c)
U.S. GAAP nettable securities sold under repurchase agreements	$	212,909	$	(210,582	)	$	(43	)	$	2,284	$	204,405	$	(202,925	)	$	(162	)	$	1,318
Securities loaned	$	30,203	$	(29,343	)	$	—		$	860	$	29,569	$	(28,998	)	$	—		$	571

(a) For some counterparties the sum of the financial instruments and cash collateral not nettable on the Consolidated Balance Sheets may exceed the net liability balance. Where this is the case the total amounts reported in these two columns is limited to the balance of the net repurchase agreement or securities loaned liability with that counterparty.

(b) Includes financial instrument collateral transferred and reverse repurchase and securities borrowed assets subject to an enforceable master netting agreement; these amounts are not presented net on the Consolidated Balance Sheets because other U.S. GAAP netting criteria are not met. 

(c) Net amount represents counterparty exposure to the Firm.