Disclosures About Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2013

The following table provides information about derivative assets and securities sold under repurchase agreements that are subject to offset as of March 31, 2013 and December 31, 2012:



							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Financial Instruments ⁽²⁾		Cash Collateral Received		Net Amount
	(in millions)
As of March 31, 2013:
Derivatives⁽¹⁾	$	87,732	$	77,825	$	9,907	$	853	$	—	$	9,054
Securities purchased under agreements to resell	12,833		6,472		6,361		6,358		—		3
Total	$	100,565	$	84,297	$	16,268	$	7,211	$	—	$	9,057

As of December 31, 2012:
Derivatives ⁽¹⁾	$	95,353	$	83,367	$	11,986	$	627	$	—	$	11,359
Securities purchased under agreements to resell	5,736		2,587		3,149		3,146		—		3
Total	$	101,089	$	85,954	$	15,135	$	3,773	$	—	$	11,362

⁽¹⁾

The gross amounts of recognized assets includes $86.2 billion of trading related derivatives which are included in trading assets in our consolidated balance sheet and $1.6 billion of derivatives designated in hedging activities that are included in other assets in our consolidated balance sheet at March 31, 2013.The gross amounts of recognized assets includes $93.9 billion of trading related derivatives which are included in trading assets in our consolidated balance sheet and $1.5 billion of derivatives designated in hedging activities that are included in other assets in our consolidated balance sheet at December 31, 2012.


⁽²⁾	Represents securities received to cover derivative and financing transaction exposures.

Offsetting Liabilities

The following table provides information about derivative liabilities and securities purchased under agreements to resell that are subject to offset as of March 31, 2013 and December 31, 2012:



							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Financial Instruments ⁽²⁾		Cash Collateral Pledged		Net Amount
	(in millions)
As of March 31, 2013:
Derivatives ⁽¹⁾	$	87,454	$	73,879	$	13,575	$	4,886	$	—	$	8,689
Securities sold under repurchase agreements	10,131		6,472		3,659		3,659		—		—
Total	$	97,585	$	80,351	$	17,234	$	8,545	$	—	$	8,689

As of December 31, 2012:
Derivatives ⁽¹⁾	$	94,782	$	79,580	$	15,202	$	4,887	$	—	$	10,315
Securities sold under repurchase agreements	9,404		2,587		6,817		6,817		—		—
Total	$	104,186	$	82,167	$	22,019	$	11,704	$	—	$	10,315

⁽¹⁾

The gross amounts of recognized liabilities includes $86.3 billion of trading related derivatives which are included in trading liabilities in our consolidated balance sheet and $1.1 billion of derivatives designated in hedging activities that are included in interest, taxes and other liabilities in our consolidated balance sheet at March 31, 2013.The gross amounts of recognized liabilities includes $93.4 billion of trading related derivatives which are included in trading liabilities in our consolidated balance sheet and $1.4 billion of derivatives designated in hedging activities that are included in interest, taxes and other liabilities in our consolidated balance sheet at December 31, 2012.


⁽²⁾	Represents securities pledged to cover derivative and financing transaction exposures.