Quarterly report pursuant to Section 13 or 15(d)

Securities Financing Transactions (Tables)

v2.4.0.8
Securities Financing Transactions (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2013 and December 31, 2012 are as follows:
(dollars in millions)
 
June 30, 2013
 
 
December 31, 2012
Trading asset category
 

 
 
 

Equities and convertible debentures
$
13,234

 
 
$
11,732

Corporate debt and preferred stock
5,358

 
 
8,368

U.S. Government and agencies
9,531

 
 
41,236

Non-U.S. governments and agencies
2,164

 
 
1,707

Mortgages, mortgage-backed, and asset-backed securities
1,813

 
 
4,547

Municipals and money markets
282

 
 
2,469

Total
$
32,382

 
 
$
70,059

Offsetting Assets
Offsetting of Securities Financing Agreements
 
Assets
 
June 30, 2013
(dollars in millions)
Gross Assets
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Asset
Receivables under resale agreements
$
217,062

 
$
(74,745
)
 
$
142,317

 
$
(112,136
)
 
$
30,181

Receivables under securities borrowed transactions
93,591

 
(19,792
)
 
73,799

 
(54,917
)
 
18,882

Total
$
310,653

 
$
(94,537
)
 
$
216,116

 
$
(167,053
)
 
$
49,063

 
 
 
 
 
 
 
 
 
 
 
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

 
$
(121,422
)
 
$
27,395

Receivables under securities borrowed transactions
71,309

 
(10,317
)
 
60,992

 
(43,660
)
 
17,332

Total
$
347,584

 
$
(137,775
)
 
$
209,809

 
$
(165,082
)
 
$
44,727

Offsetting Liabilities
 
Liabilities
 
June 30, 2013
(dollars in millions)
Gross Liabilities
 
Amounts Offset
 
Net Balance Sheet Amount
 
Financial Instruments
 
Net Liability
Payables under repurchase agreements
$
260,605

 
$
(74,745
)
 
$
185,860

 
$
(129,439
)
 
$
56,421

Payables under securities loaned transactions
39,989

 
(19,792
)
 
20,197

 
(14,590
)
 
5,607

Other
12,582

 

 
12,582

 
(12,575
)
 
7

Total
$
313,176

 
$
(94,537
)
 
$
218,639

 
$
(156,604
)
 
$
62,035

 
 
 
 
 
 
 
 
 
 
 
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

 
$
(153,414
)
 
$
66,296

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

 
$
(184,021
)
 
$
70,007