Collateralized Transactions (Tables)
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3 Months Ended |
Mar. 31, 2018 |
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| Collateralized Transactions |
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| Offsetting of Certain Collaterized Transactions |
| Offsetting of Certain Collateralized Transactions | | | | | | | | | | | | | | | | | | At March 31, 2018 | | $ in millions | | Gross Amounts | | Amounts Offset | | Net Amounts Presented | | Amounts Not Offset1 | | Net Amounts | | Assets | | | | | | | | | | | | Securities purchased | | | | | | | | | | | | under agreements | | | | | | | | | | | | to resell | $ | 185,498 | $ | (105,252) | $ | 80,246 | $ | (74,843) | $ | 5,403 | | Securities borrowed | | 149,347 | | (13,512) | | 135,835 | | (132,271) | | 3,564 | | Liabilities | | | | | | | | | | | | Securities sold | | | | | | | | | | | | under agreements | | | | | | | | | | | | to repurchase | $ | 156,827 | $ | (105,252) | $ | 51,575 | $ | (45,207) | $ | 6,368 | | Securities loaned | | 27,068 | | (13,512) | | 13,556 | | (13,336) | | 220 | | Net amounts for which master netting agreements are not in place or may not | | be legally enforceable | | Securities purchased under agreements to resell | $ | 5,212 | | Securities borrowed | | | | | | | | | | 669 | | Securities sold under agreements to repurchase | | 5,118 | | Securities loaned | | | | | | | | | | 194 |
| | | | At December 31, 2017 | | $ in millions | | Gross Amounts | | Amounts Offset | | Net Amounts Presented | | Amounts Not Offset1 | | Net Amounts | | Assets | | | | | | | | | | | | Securities purchased | | | | | | | | | | | under agreements | | | | | | | | | | | to resell | $ | 199,044 | $ | (114,786) | $ | 84,258 | $ | (78,009) | $ | 6,249 | | Securities borrowed | | 133,431 | | (9,421) | | 124,010 | | (119,358) | | 4,652 | | Liabilities | | | | | | | | | | | | Securities sold | | | | | | | | | | | | under agreements | | | | | | | | | | | to repurchase | $ | 171,210 | $ | (114,786) | $ | 56,424 | $ | (48,067) | $ | 8,357 | | Securities loaned | | 23,014 | | (9,422) | | 13,592 | | (13,271) | | 321 | | Net amounts for which master netting agreements are not in place or may not | | be legally enforceable | | Securities purchased under agreements to resell | $ | 5,687 | | Securities borrowed | | | | | | | | | | 572 | | Securities sold under agreements to repurchase | | 6,945 | | Securities loaned | | | | | | | | | 307 |
1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. |
| Gross Secured Financing Balances |
| Maturities and Collateral Pledged | | | Gross Secured Financing Balances by Remaining Contractual Maturity | | | | | | At March 31, 2018 | | $ in millions | | Overnight and Open | | Less than 30 Days | | 30-90 Days | | Over 90 Days | | Total | | Securities sold under | | | | | | | | | | | | agreements to | | | | | | | | | | | | repurchase | $ | 39,192 | $ | 49,822 | $ | 27,926 | $ | 39,887 | $ | 156,827 | | Securities loaned | | 16,869 | | 603 | | 2,045 | | 7,551 | | 27,068 | | Total included in the | | | | | | | | | | | | offsetting disclosure | $ | 56,061 | $ | 50,425 | $ | 29,971 | $ | 47,438 | $ | 183,895 | | Trading liabilities― | | | | | | | | | | | | Obligation to return | | | | | | | | | | | | securities received | | | | | | | | | | | | as collateral | | 18,136 | | — | | 610 | | — | | 18,746 | | Total | $ | 74,197 | $ | 50,425 | $ | 30,581 | $ | 47,438 | $ | 202,641 |
| | | | At December 31, 2017 | | $ in millions | | Overnight and Open | | Less than 30 Days | | 30-90 Days | | Over 90 Days | | Total | | Securities sold under | | | | | | | | | | | | agreements to | | | | | | | | | | | | repurchase | $ | 41,332 | $ | 66,593 | $ | 28,682 | $ | 34,603 | $ | 171,210 | | Securities loaned | | 12,130 | | 873 | | 1,577 | | 8,434 | | 23,014 | | Total included in the | | | | | | | | | | | | offsetting disclosure | $ | 53,462 | $ | 67,466 | $ | 30,259 | $ | 43,037 | $ | 194,224 | | Trading liabilities― | | | | | | | | | | | | Obligation to return | | | | | | | | | | | | securities received | | | | | | | | | | | | as collateral | | 22,555 | | — | | — | | — | | 22,555 | | Total | $ | 76,017 | $ | 67,466 | $ | 30,259 | $ | 43,037 | $ | 216,779 |
| Gross Secured Financing Balances by Class of Collateral Pledged | | | | | | | | | $ in millions | | At March 31, 2018 | | At December 31, 2017 | | Securities sold under agreements to repurchase | | U.S. government and agency securities | $ | 37,361 | $ | 43,346 | | State and municipal securities | | 1,643 | | 2,451 | | Other sovereign government obligations | | 78,844 | | 87,141 | | ABS | | 2,204 | | 1,130 | | Corporate and other debt | | 10,063 | | 7,737 | | Corporate equities | | 25,893 | | 28,497 | | Other | | 819 | | 908 | | Total | $ | 156,827 | $ | 171,210 | | Securities loaned | | | | | | U.S. government and agency securities | $ | 6 | $ | 81 | | Other sovereign government obligations | | 14,077 | | 9,489 | | Corporate and other debt | | 28 | | 14 | | Corporate equities | | 12,770 | | 13,174 | | Other | | 187 | | 256 | | Total | $ | 27,068 | $ | 23,014 | | Total included in the offsetting disclosure | $ | 183,895 | $ | 194,224 | | Trading liabilities―Obligation to return securities received as collateral | | Corporate equities | $ | 18,746 | $ | 22,555 | | Total | $ | 202,641 | $ | 216,779 |
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| Carrying Value of Assets Loaned or Pledged Without Counterparty Right to Sell or Repledge |
| Carrying Value of Assets Loaned or Pledged without | | Counterparty Right to Sell or Repledge | | | | | | | | | $ in millions | | At March 31, 2018 | | At December 31, 2017 | | Trading assets | $ | 34,590 | $ | 31,324 | | Loans (gross of allowance for loan losses) | | 342 | | 228 | | Total | $ | 34,932 | $ | 31,552 |
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| Fair Value of Collateral Received with Right to Sell or Repledge |
| Fair Value of Collateral Received with Right to Sell or Repledge | | | | | | | | | $ in millions | | At March 31, 2018 | | At December 31, 2017 | | Collateral received with right to sell or repledge | $ | 597,886 | $ | 599,244 | | Collateral that was sold or repledged | | 471,985 | | 475,113 |
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| Customer Margin Lending and Other |
Customer Margin Lending and Other | $ in millions | | At March 31, 2018 | | At December 31, 2017 | | Net customer receivables representing | | | | | | margin loans | $ | 34,382 | $ | 32,112 |
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| Restricted Cash and Segregated Securities |
| Restricted Cash and Segregated Securities | | | | | | | | | $ in millions | | At March 31, 2018 | | At December 31, 2017 | | Restricted cash | $ | 35,291 | $ | 34,231 | | Segregated securities1 | | 18,917 | | 20,549 | | Total | $ | 54,208 | $ | 54,780 |
- Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheets.
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