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Borrowings and Other Secured Financings (Commercial Paper and Other Short-term Borrowings) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Commercial Paper    
Balance at period-end $ 306 [1] $ 978 [1]
Average balance 479 [1],[2] 899 [1],[2]
Weighted average interest rate on period-end balance 10.10% [1],[3] 2.70% [1],[3]
Short-term Borrowings    
Balance at period-end 1,832 [4],[5] 1,865 [4],[5]
Average balance $ 1,461 [2],[4],[5] $ 2,276 [2],[4],[5]
[1] At December 31, 2011, the majority of the commercial paper balance was issued as part of client transactions and was not used for the Company’s general funding purposes. During 2012, the client transactions matured, and the remaining balance at December 31, 2012 was used for the Company’s general funding purposes.
[2] Average balances are calculated based upon weekly balances.
[3] The weighted average interest rate at December 31, 2012 is driven primarily by commercial paper issued in a foreign country in which typical funding rates are significantly higher than in the U.S.
[4] These borrowings included bank loans, bank notes and structured notes with original maturities of 12 months or less.
[5] Certain structured short-term borrowings are carried at fair value under the fair value option. See Note 4 for additional information.