Equity Method Investments	3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures
Equity Method Investments	8. Equity Method Investments. Overview. The Company has investments accounted for under the equity method of accounting (see Note 1 to the consolidated financial statements in the 2015 Form 10-K) of $3,257 million and $3,144 million at March 31, 2016 and December 31, 2015, respectively, included in Other assets—Other investments in the condensed consolidated balance sheet. Income from equity method investments was $15 million and $38 million for the quarters ended March 31, 2016 and 2015, respectively, and is included in Other revenues in the condensed consolidated statements of income. Income from equity method investments for the quarters ended March 31, 2016 and 2015 was primarily related to the Company’s 40% stake in Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”), as described below. Japanese Securities Joint Venture. The Company holds a 40% voting interest (“40% interest”) and Mitsubishi UFJ Financial Group, Inc. (“MUFG”) holds a 60% voting interest in MUMSS. The Company accounts for its equity method investment in MUMSS within the Institutional Securities business segment. During the quarters ended March 31, 2016 and 2015, the Company recorded income from its 40% interest in MUMSS of $34 million and $69 million, respectively, within Other revenues in the condensed consolidated statements of income.

Equity Method Investments

3 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures

8. Equity Method Investments.

Overview.

The Company has investments accounted for under the equity method of accounting (see Note 1 to the consolidated financial statements in the 2015 Form 10-K) of $3,257 million and $3,144 million at March 31, 2016 and December 31, 2015, respectively, included in Other assets—Other investments in the condensed consolidated balance sheet. Income from equity method investments was $15 million and $38 million for the quarters ended March 31, 2016 and 2015, respectively, and is included in Other revenues in the condensed consolidated statements of income. Income from equity method investments for the quarters ended March 31, 2016 and 2015 was primarily related to the Company’s 40% stake in Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”), as described below.

Japanese Securities Joint Venture.

The Company holds a 40% voting interest (“40% interest”) and Mitsubishi UFJ Financial Group, Inc. (“MUFG”) holds a 60% voting interest in MUMSS. The Company accounts for its equity method investment in MUMSS within the Institutional Securities business segment. During the quarters ended March 31, 2016 and 2015, the Company recorded income from its 40% interest in MUMSS of $34 million and $69 million, respectively, within Other revenues in the condensed consolidated statements of income.