v3.25.2
Collateralized Agreements and Offsetting Arrangements (Tables)
 6 Months Ended
Jun. 30, 2025
Offsetting [Abstract]  
Table - Offsetting and Collateral Information of Financial Assets and Liabilities
The table below presents offsetting and collateral information related to securities purchased under agreements to resell, and securities sold under agreements to repurchase, which are subject to enforceable master netting agreements or similar arrangements.
Table 9.1 - Offsetting and Collateral Information of Certain Financial Assets and Liabilities
June 30, 2025December 31, 2024
(In millions)Securities Purchased Under Agreements to ResellSecurities Sold Under Agreements to RepurchaseSecurities Purchased Under Agreements to ResellSecurities Sold Under Agreements to Repurchase
Gross amount recognized$103,032 ($7,581)$108,338 ($8,220)
Amount offset in the condensed consolidated balance sheets(7,581)7,581 (8,220)8,220 
Net amount presented in the condensed consolidated balance sheets 95,451 — 100,118 — 
Gross amount not offset in the condensed consolidated balance sheets(1)
(95,451)— (100,118)— 
Net amount$— $— $— $— 
(1)For securities purchased under agreements to resell, includes $103.0 billion and $104.9 billion of collateral that we had the right to repledge as of June 30, 2025 and December 31, 2024, respectively. We repledged $2.0 billion of collateral at June 30, 2025. We did not repledge collateral at December 31, 2024.
Table - Offsetting and Collateral Information of Financial Assets and Liabilities
The table below presents offsetting and collateral information related to securities purchased under agreements to resell, and securities sold under agreements to repurchase, which are subject to enforceable master netting agreements or similar arrangements.
Table 9.1 - Offsetting and Collateral Information of Certain Financial Assets and Liabilities
June 30, 2025December 31, 2024
(In millions)Securities Purchased Under Agreements to ResellSecurities Sold Under Agreements to RepurchaseSecurities Purchased Under Agreements to ResellSecurities Sold Under Agreements to Repurchase
Gross amount recognized$103,032 ($7,581)$108,338 ($8,220)
Amount offset in the condensed consolidated balance sheets(7,581)7,581 (8,220)8,220 
Net amount presented in the condensed consolidated balance sheets 95,451 — 100,118 — 
Gross amount not offset in the condensed consolidated balance sheets(1)
(95,451)— (100,118)— 
Net amount$— $— $— $— 
(1)For securities purchased under agreements to resell, includes $103.0 billion and $104.9 billion of collateral that we had the right to repledge as of June 30, 2025 and December 31, 2024, respectively. We repledged $2.0 billion of collateral at June 30, 2025. We did not repledge collateral at December 31, 2024.
Table - Remaining Contractual Pledged
The table below presents the remaining contractual maturity of our gross obligations for our securities sold under agreements to repurchase. The collateral for such obligations consisted primarily of U.S. Treasury securities.
Table 9.2 - Remaining Contractual Maturity
(In millions)June 30, 2025December 31, 2024
Overnight and continuous$7,581 $— 
30 days or less— 8,220 
After 30 days through 90 days— — 
Greater than 90 days— — 
Total$7,581 $8,220 
Table - Collateral in the Form of Securities Pledged
The table below summarizes the fair value of the securities pledged as collateral by us for derivatives and collateralized borrowing transactions, including securities that the secured party may repledge, and for regulatory requirements.
Table 9.3 - Collateral in the Form of Securities Pledged
(In millions)June 30, 2025December 31, 2024
Trading securities$11,072 $9,559