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Financial Instruments Subject to Off-Balance Sheet Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2017
Offsetting [Abstract]  
Offsetting Assets and Liabilities
The following table presents information about our resale agreements and securities lending activity depicting the potential effect of rights of setoff between these recognized assets and recognized liabilities at December 31, 2017 and 2016.
 
 
 
 
Gross Amounts Not Offset in the
Consolidated Balance Sheets
 
 
Gross
Assets/
Liabilities
Gross Amounts Offset in the Consolidated
Balance Sheets
Net Amounts Presented in the Consolidated
Balance Sheets
Counterparty
Offsetting
Collateral
Net
Amount
December 31, 2017
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Resale agreements (1)
$
6,596

$
—

$
6,596

$
—

$
(6,596
)
(2) 
$
—

Securities borrowed (3)
222

—

222

(199
)
(22
)
 
1

Total
$
6,818

$
—

$
6,818

$
(199
)
$
(6,618
)
 
$
1

Liabilities:
 
 
 
 
 
 
 
Securities loaned (4,5)
$
966

$
—

$
966

$
(199
)
$
(670
)
 
$
97

Total
$
966

$
—

$
966

$
(199
)
$
(670
)
 
$
97

 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Resale agreements (1)
$
9,547

$
—

$
9,547

$
—

$
(9,547
)
(2) 
$
—

Securities borrowed (3)
393

—

393

(200
)
(189
)
 
4

Total
$
9,940

$
—

$
9,940

$
(200
)
$
(9,736
)
 
$
4

Liabilities:
 
 
 
 
 
 
 
Securities loaned (4,5)
$
1,996

$
—

$
1,996

$
(200
)
$
(1,660
)
 
$
136

Total
$
1,996

$
—

$
1,996

$
(200
)
$
(1,660
)
 
$
136

(1) Included in cash and investments segregated and on deposit for regulatory purposes in the consolidated balance sheets.
(2) Actual collateral was greater than or equal to 102% of the related assets. At December 31, 2017 and 2016, the fair value of collateral received in connection with resale agreements that are available to be repledged or sold was $6.7 billion and $9.8 billion, respectively.
(3) Included in receivables from brokers, dealers, and clearing organizations in the consolidated balance sheets.
(4) Included in payables to brokers, dealers, and clearing organizations in the consolidated balance sheets. The cash collateral received from counterparties under securities lending transactions was equal to or greater than the market value of the securities loaned at December 31, 2017 and 2016.
(5) Securities loaned are predominantly comprised of equity securities held in client brokerage accounts with overnight and continuous remaining contractual maturities.
Summary of the Fair Value of Client Securities Available to Utilize as Collateral and Amounts Pledged
December 31,
2017
2016
Fair value of client securities available to be pledged
$
25,905

$
21,516

Fair value of client securities pledged for:
 
 
Fulfillment of requirements with the Options Clearing Corporation (1)
2,280

1,519

Fulfillment of client short sales
2,011

2,048

Securities lending to other broker-dealers
784

1,626

Total collateral pledged
$
5,075

$
5,193

Note: Excludes amounts available and pledged for securities lending from fully-paid client securities. The fair value of fully-paid client securities available and pledged was $78 million as of December 31, 2017 and $58 million as of December 31, 2016.
(1)  
Client securities pledged to fulfill client margin requirements for open option contracts established with the Options Clearing Corporation.