v3.25.2
COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)
 9 Months Ended
Jun. 30, 2025
Offsetting [Abstract]  
Schedule of Offsetting Transactions, Assets For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table.
Collateralized agreementsCollateralized financings
$ in millionsReverse repurchase agreementsSecurities borrowedTotalRepurchase agreementsSecurities loanedTotal
June 30, 2025
Gross amounts of recognized assets/liabilities$210 $731 $941 $228 $655 $883 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition210 731 941 228 655 883 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(210)(714)(924)(228)(637)(865)
Net amounts$— $17 $17 $— $18 $18 
September 30, 2024
Gross amounts of recognized assets/liabilities$413 $336 $749 $402 $536 $938 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition413 336 749 402 536 938 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(413)(326)(739)(402)(522)(924)
Net amounts$— $10 $10 $— $14 $14 
Schedule of Offsetting Transactions, Liabilities For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowed, and securities loaned because the conditions for netting as specified by GAAP are not met. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the following table.
Collateralized agreementsCollateralized financings
$ in millionsReverse repurchase agreementsSecurities borrowedTotalRepurchase agreementsSecurities loanedTotal
June 30, 2025
Gross amounts of recognized assets/liabilities$210 $731 $941 $228 $655 $883 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition210 731 941 228 655 883 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(210)(714)(924)(228)(637)(865)
Net amounts$— $17 $17 $— $18 $18 
September 30, 2024
Gross amounts of recognized assets/liabilities$413 $336 $749 $402 $536 $938 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition413 336 749 402 536 938 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(413)(326)(739)(402)(522)(924)
Net amounts$— $10 $10 $— $14 $14 
Schedule of Repurchase Agreements
The following table presents our repurchase agreements and securities lending transactions accounted for as secured borrowings by type of collateral. Such secured borrowings have no stated maturity and are generally overnight and continuous.
$ in millionsJune 30, 2025September 30, 2024
Repurchase agreements:
Government and agency obligations$107 $206 
Agency MBS and agency CMOs121 196 
Total repurchase agreements$228 $402 
Securities loaned:
Equity securities655 536 
Total collateralized financings$883 $938 
Schedule of Collateral
The following table presents financial instruments at fair value that we received as collateral, were not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were delivered or repledged, to satisfy one of our purposes previously described.
$ in millionsJune 30, 2025September 30, 2024
Collateral we received that was available to be delivered or repledged$4,093 $3,800 
Collateral that we delivered or repledged $1,581 $1,653 
Schedule of Encumbered Assets The following table presents information about our assets that have been pledged for such purposes and whether third parties had the right to deliver or repledge such assets.
$ in millionsJune 30, 2025September 30, 2024
Had the right to deliver or repledge$1,143 $1,281 
Did not have the right to deliver or repledge$64 $66 
The following table presents information about our assets that have been pledged with the FHLB or FRB.
$ in millionsJune 30, 2025September 30, 2024
Assets pledged with the FHLB or FRB:
Available-for-sale securities$2,602 $3,979 
Bank loans21,139 11,794 
Total assets pledged with the FHLB or FRB$23,741 $15,773