v3.26.1
COLLATERALIZED AGREEMENTS AND FINANCINGS (Tables)
 6 Months Ended
Mar. 31, 2026
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
March 31, 2026
Gross amounts of recognized assets/liabilities$272 $336 $608 $361 $781 $1,142 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition272 336 608 361 781 1,142 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(272)(336)(608)(361)(781)(1,142)
Net amounts$— $— $— $— $— $— 
September 30, 2025
Gross amounts of recognized assets/liabilities$302 $396 $698 $325 $786 $1,111 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition302 396 698 325 786 1,111 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(302)(372)(674)(325)(768)(1,093)
Net amounts$— $24 $24 $— $18 $18 
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
March 31, 2026
Gross amounts of recognized assets/liabilities$272 $336 $608 $361 $781 $1,142 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition272 336 608 361 781 1,142 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(272)(336)(608)(361)(781)(1,142)
Net amounts$— $— $— $— $— $— 
September 30, 2025
Gross amounts of recognized assets/liabilities$302 $396 $698 $325 $786 $1,111 
Gross amounts offset on the Condensed Consolidated Statements of Financial Condition— — — — — — 
Net amounts included in the Condensed Consolidated Statements of Financial Condition302 396 698 325 786 1,111 
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition(302)(372)(674)(325)(768)(1,093)
Net amounts$— $24 $24 $— $18 $18 
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 millionsMarch 31, 2026September 30, 2025
Repurchase agreements:
Government and agency obligations$157 $125 
Agency MBS and agency CMOs204 200 
Total repurchase agreements$361 $325 
Securities loaned:
Equity securities781 786 
Total collateralized financings$1,142 $1,111 
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 millionsMarch 31, 2026September 30, 2025
Collateral we received that was available to be delivered or repledged$4,347 $4,003 
Collateral that we delivered or repledged $2,025 $2,080 
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 millionsMarch 31, 2026September 30, 2025
Had the right to deliver or repledge$1,381 $1,265 
Did not have the right to deliver or repledge$66 $66 

We pledge certain of our bank loans and available-for-sale securities at the FHLB and FRB as security for the repayment of certain borrowings, to secure capacity for additional borrowings as needed, and to participate in certain deposit programs. The FHLB and the FRB do not have the ability to sell or repledge such loans and securities. For additional information regarding our outstanding FHLB advances see Note 15. The following table presents information about our assets that have been pledged at the FHLB or FRB.
$ in millionsMarch 31, 2026September 30, 2025
Assets pledged at the FHLB or FRB:
Available-for-sale securities$2,216 $2,435 
Bank loans33,602 31,014 
Total assets pledged at the FHLB or FRB
$35,818 $33,449