v2.3.0.11
Condensed Consolidated Statements Of Financial Condition (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks ($254 and $297 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities generally not available to the Company) $ 9,066 $ 7,341
Interest bearing deposits with banks 41,681 40,274
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 25,504 19,180
Financial instruments owned, at fair value (approximately $122,209 and $129,969 were pledged to various parties at June 30, 2011 and December 31, 2010, respectively):    
U.S. government and agency securities 35,676 48,446
Other sovereign government obligations 39,172 33,908
Corporate and other debt ($4,005 and $3,816 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) 89,159 88,154
Corporate equities ($100 and $625 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) 66,053 68,416
Derivative and other contracts 46,167 51,292
Investments ($2,012 and $1,873 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) 9,020 9,752
Physical commodities 9,551 6,778
Total financial instruments owned, at fair value 294,798 306,746
Securities available for sale, at fair value 24,306 29,649
Securities received as collateral, at fair value 15,862 16,537
Federal funds sold and securities purchased under agreements to resell 180,990 148,253
Securities borrowed 132,092 138,730
Receivables:    
Customers 39,142 35,258
Brokers, dealers and clearing organizations 9,439 9,102
Fees, interest and other 9,911 9,790
Loans (net of allowances of $36 and $82 at June 30, 2011 and December 31, 2010, respectively) 12,476 10,576
Other investments 4,831 5,412
Premises, equipment and software costs (net of accumulated depreciation of $4,524 and $4,476 at June 30, 2011 and December 31, 2010, respectively) ($310 and $321 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) 6,399 6,154
Goodwill 6,744 [1] 6,739 [1]
Intangible assets (net of accumulated amortization of $779 and $605 at June 30, 2011 and December 31, 2010, respectively) (includes $133 and $157 at fair value at June 30, 2011 and December 31, 2010, respectively) 4,474 4,667
Other assets ($371 and $118 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) 13,032 13,290
Total assets 830,747 [2] 807,698 [2]
Liabilities and Equity    
Deposits (includes $2,830 and $3,027 at fair value at June 30, 2011 and December 31, 2010, respectively) 65,525 63,812
Commercial paper and other short-term borrowings (includes $1,710 and $1,799 at fair value at June 30, 2011 and December 31, 2010, respectively) 3,566 3,256
Financial instruments sold, not yet purchased, at fair value:    
U.S. government and agency securities 27,520 27,948
Other sovereign government obligations 22,479 22,250
Corporate and other debt 9,166 10,918
Corporate equities 27,618 19,838
Derivative and other contracts 41,113 47,802
Total financial instruments sold, not yet purchased, at fair value 127,896 128,756
Obligation to return securities received as collateral, at fair value 20,741 21,163
Securities sold under agreements to repurchase (includes $358 and $849 at fair value at June 30, 2011 and December 31, 2010, respectively ) 133,707 147,598
Securities loaned 35,375 29,094
Other secured financings (includes $16,632 and $8,490 at fair value at June 30, 2011 and December 31, 2010, respectively) ($3,157 and $2,656 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities and are non-recourse to the Company) 22,476 [3] 10,453 [3]
Payables:    
Customers 133,372 123,249
Brokers, dealers and clearing organizations 5,178 3,363
Interest and dividends 3,066 2,572
Other liabilities and accrued expenses ($132 and $117 at June 30, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities and are non-recourse to the Company) 15,596 16,518
Long-term borrowings (includes $43,434 and $42,709 at fair value at June 30, 2011 and December 31, 2010, respectively) 196,106 192,457
Liabilities 762,604 742,291
Morgan Stanley shareholders' equity:    
Preferred stock 1,508 9,597
Common stock, $0.01 par value; Shares authorized: 3,500,000,000 at June 30, 2011 and December 31, 2010; Shares issued: 1,989,377,171 at June 30, 2011 and 1,603,913,074 at December 31, 2010; Shares outstanding: 1,929,032,583 at June 30, 2011 and 1,512,022,095 and December 31, 2010 20 16
Paid-in capital 22,346 13,521
Retained earnings 38,637 38,603
Employee stock trust 3,385 3,465
Accumulated other comprehensive loss (320) (467)
Common stock held in treasury, at cost, $0.01 par value; 60,344,588 shares at June 30, 2011 and 91,890,979 shares at December 31, 2010 (2,484) (4,059)
Common stock issued to employee trust (3,385) (3,465)
Total Morgan Stanley shareholders' equity 59,707 57,211
Noncontrolling interests 8,436 8,196
Total equity 68,143 65,407
Total liabilities and equity $ 830,747 $ 807,698
[1] The amount of the Company's goodwill before accumulated impairments of $700 million at June 30, 2011 and December 31, 2010, was $7,444 million and $7,439 million, respectively.
[2] Corporate assets have been fully allocated to the Company's business segments.
[3] Amounts include $16,632 million at fair value at June 30, 2011 and $8,490 million at fair value at December 31, 2010.