Borrowings and Other Secured Financings (Tables)

6 Months Ended

Jun. 30, 2012

Borrowings and Other Secured Financings

Components of Long-term Borrowings

		At June 30,		At December 31,
		2012		2011

	(dollars in millions)
Senior debt	$	159,099	$	175,471
Subordinated debt		3,878		3,910
Junior subordinated debentures		4,851		4,853
Total	$	167,828	$	184,234

Other Secured Financings

			At		At
			June 30,		December 31,
			2012		2011

			(dollars in millions)
Secured financings with original maturities greater than one year		$	16,400	$	18,696
Secured financings with original maturities one year or less			213		275
Failed sales(1)			710		1,748
	Total(2)	$	17,323	$	20,719

Schedule of Maturities of Secured Financing

___________

For more information on failed sales, see Note 6.
Amounts include $9,236 million and $14,594 million at fair value at June 30, 2012 and December 31, 2011, respectively.