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Financial Instruments Subject to Off-Balance Sheet Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2021
Offsetting [Abstract]  
Offsetting Assets and Liabilities
The following table presents information about our resale agreements, securities lending, and other activity depicting the potential effect of rights of setoff between these recognized assets and recognized liabilities.

Gross
Assets/
Liabilities		Gross Amounts Offset in the Consolidated
Balance Sheets		Net Amounts Presented in the Consolidated
Balance Sheets		Gross Amounts Not Offset in the
Consolidated Balance Sheets		Net
Amount
Counterparty
Offsetting		Collateral
December 31, 2021      
Assets      
Resale agreements (1)
$13,096 $— $13,096 $— $(13,096)
(2)
$— 
Securities borrowed (3)
582 — 582 (383)(195)4 
Total$13,678 $— $13,678 $(383)$(13,291)$4 
Liabilities      
Securities loaned (4,5)
$7,158 $— $7,158 $(383)$(6,015)$760 
   Secured short-term borrowings (6)
1,850 — 1,850 — (1,850)— 
Total$9,008 $— $9,008 $(383)$(7,865)$760 
      
December 31, 2020      
Assets      
Resale agreements (1)
$14,904 $— $14,904 $— $(14,904)
(2)
$— 
Securities borrowed (3)
873 — 873 (673)(195)5 
Total$15,777 $— $15,777 $(673)$(15,099)$5 
Liabilities      
Securities loaned (4,5)
$7,549 $— $7,549 $(673)$(6,049)$827 
Total$7,549 $— $7,549 $(673)$(6,049)$827 
(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 the value of the related assets. At December 31, 2021 and 2020, the fair value of collateral received in connection with resale agreements that are available to be repledged or sold was $13.4 billion and $15.2 billion, respectively.
(3) Included in other assets in the consolidated balance sheets.
(4) Included in accrued expenses and other liabilities 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, 2021 and 2020.
(5) Securities loaned are predominantly comprised of equity securities held in client brokerage accounts with overnight and continuous remaining contractual maturities.
(6) Included in short-term borrowings in the consolidated balance sheets. See below for collateral pledged and Note 13 for additional information.
Summary of the Fair Value of Client Securities Available to Utilize as Collateral and Amounts Pledged The following table summarizes the fair value of client securities that were available, under such regulations, that could have been used as collateral, as well as the fair value of securities that we had pledged to third parties under such regulations and from securities borrowed transactions:
December 31,20212020
Fair value of client securities available to be pledged$120,306 $84,006 
Fair value of securities pledged for:  
Fulfillment of requirements with the Options Clearing Corporation (1)
$16,829 $10,222 
Fulfillment of client short sales5,934 6,274 
Securities lending to other broker-dealers6,269 6,522 
Collateral for short-term borrowings2,390 — 
Total collateral pledged to third parties$31,422 $23,018 
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 $118 million as of December 31, 2021 and $183 million as of December 31, 2020.
(1)     Securities pledged to fulfill client margin requirements for open option contracts established with the Options Clearing Corporation.