Quarterly report pursuant to Section 13 or 15(d)

Securities Financing Transactions (Tables)

v2.4.0.6
Securities Financing Transactions (Tables)
3 Months Ended
Mar. 31, 2013
Securities Financing Transactions [Abstract]  
Schedule of Financial Instruments Owned and Pledged as Collateral
The carrying value and classification of securities owned by Merrill Lynch that have been pledged to counterparties where those counterparties do not have the right to sell or repledge at March 31, 2013 and December 31, 2012 are as follows:
(dollars in millions)
 
March 31, 2013
 
 
December 31, 2012
Trading asset category
 

 
 
 

Equities and convertible debentures
$
11,169

 
 
$
11,732

Corporate debt and preferred stock
5,867

 
 
8,368

U.S. Government and agencies
17,481

 
 
41,236

Non-U.S. governments and agencies
2,056

 
 
1,707

Mortgages, mortgage-backed, and asset-backed securities
2,190

 
 
4,547

Municipals and money markets
735

 
 
2,469

Total
$
39,498

 
 
$
70,059

Offsetting Assets [Table Text Block]
Offsetting of Securities Financing Agreements
 
Assets
 
March 31, 2013
(dollars in millions)
Gross Assets
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Asset
Receivables under resale agreements
$
253,755

 
$
(109,269
)
 
$
144,486

 
$
(138,345
)
 
$
6,141

Receivables under securities borrowed transactions
80,810

 
(16,021
)
 
64,789

 
(44,647
)
 
20,142

Total
$
334,565

 
$
(125,290
)
 
$
209,275

 
$
(182,992
)
 
$
26,283

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
Gross Assets
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Asset
Receivables under resale agreements
$
276,275

 
$
(127,458
)
 
$
148,817

 
$
(138,577
)
 
$
10,240

Receivables under securities borrowed transactions
71,309

 
(10,317
)
 
60,992

 
(43,714
)
 
17,278

Total
$
347,584

 
$
(137,775
)
 
$
209,809

 
$
(182,291
)
 
$
27,518

Offsetting Liabilities [Table Text Block]
 
Liabilities
 
March 31, 2013
(dollars in millions)
Gross Liabilities
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Liability
Payables under repurchase agreements
$
294,917

 
$
(109,269
)
 
$
185,648

 
$
(159,503
)
 
$
26,145

Payables under securities loaned transactions
36,711

 
(16,021
)
 
20,690

 
(15,808
)
 
4,882

Other
13,366

 

 
13,366

 
(13,356
)
 
10

Total
$
344,994

 
$
(125,290
)
 
$
219,704

 
$
(188,667
)
 
$
31,037

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
Gross Liabilities
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Liability
Payables under repurchase agreements
$
347,168

 
$
(127,458
)
 
$
219,710

 
$
(183,140
)
 
$
36,570

Payables under securities loaned transactions
28,622

 
(10,317
)
 
18,305

 
(14,598
)
 
3,707

Other
16,013

 

 
16,013

 
(16,009
)
 
4

Total
$
391,803

 
$
(137,775
)
 
$
254,028

 
$
(213,747
)
 
$
40,281