Securities Financing Activities (Tables)

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Other Disclosures [Abstract]

Summarized Securities Financing Agreements

The following table summarizes our securities financing agreements at June 30, 2021, and December 31, 2020:

	June 30, 2021							December 31, 2020
in millions	Gross Amount Presented in Balance Sheet		Netting Adjustments (a)		Collateral (b)		Net Amounts	Gross Amount Presented in Balance Sheet		Netting Adjustments (a)		Collateral (b)		Net Amounts
Offsetting of financial assets:
Reverse repurchase agreements	$	5	$	(5)	—		—	$	6	$	(6)	—		—
Securities borrowed	500		—		(500)		—	500		—		$	(500)	—
Total	$	505	$	(5)	(500)		—	$	506	$	(6)	$	(500)	—
Offsetting of financial liabilities:
Repurchase agreements (c)	$	211	$	(5)	$	(206)	—	$	220	$	(6)	$	(214)	—
Total	$	211	$	(5)	$	(206)	—	$	220	$	(6)	$	(214)	—

(a)Netting adjustments take into account the impact of master netting agreements that allow us to settle with a single counterparty on a net basis.

(b)These adjustments take into account the impact of bilateral collateral agreements that allow us to offset the net positions with the related collateral. The application of collateral cannot reduce the net position below zero. Therefore, excess collateral, if any, is not reflected above.

(c)Repurchase agreements are collateralized by mortgaged-backed agency securities and are contracted on an overnight or continuous basis.