Securities Financing Activities (Tables)

9 Months Ended

Sep. 30, 2015

Brokers and Dealers [Abstract]

Summarized Securities Financing Agreements

The following table summarizes our securities financing agreements at September 30, 2015, December 31, 2014, and September 30, 2014:

	September 30, 2015
	Gross Amount
	Presented in		Netting						Net
in millions	Balance Sheet		Adjustments (a)			Collateral (b)			Amounts
Offsetting of financial assets:
Reverse repurchase agreements	$	4	$	(4	)		—			—
Total	$	4	$	(4	)		—			—
Offsetting of financial liabilities:
Repurchase agreements (c)	$	6	$	(4	)	$	(2	)		—
Total	$	6	$	(4	)	$	(2	)		—
	December 31, 2014
	Gross Amount
	Presented in		Netting						Net
in millions	Balance Sheet		Adjustments (a)			Collateral (b)			Amounts
Offsetting of financial assets:
Reverse repurchase agreements	$	3	$	(1	)	$	(2	)		—
Total	$	3	$	(1	)	$	(2	)		—
Offsetting of financial liabilities:
Repurchase agreements	$	1	$	(1	)		—			—
Total	$	1	$	(1	)		—			—
	September 30, 2014
	Gross Amount
	Presented in		Netting						Net
in millions	Balance Sheet		Adjustments (a)			Collateral (b)			Amounts
Offsetting of financial assets:
Reverse repurchase agreements	$	6	$	(4	)	$	(2	)		—
Total	$	6	$	(4	)	$	(2	)		—
Offsetting of financial liabilities:
Repurchase agreements	$	4	$	(4	)		—			—
Total	$	4	$	(4	)		—			—

(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 U.S. Treasury securities and contracted on an overnight basis.