Morgan Stanley 2009 Annual Report Download - page 228

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
24. Parent Company.
Parent Company Only
Condensed Statements of Financial Condition
(dollars in millions, except share data)
December 31,
2009
December 31,
2008
Assets:
Cash and due from banks ........................................ $ 13,262 $ 23,629
Interest bearing deposits with banks ............................... 3,537 21,610
Financial instruments owned ..................................... 7,049 8,160
Securities purchased under agreement to resell with affiliate ............ 48,048 18,793
Advances to subsidiaries:
Bank and bank holding company .............................. 1,872 3,036
Non-bank ................................................ 157,782 174,431
Investment in subsidiaries, at equity:
Bank and bank holding company .............................. 5,206 6,328
Non-bank ................................................ 35,425 30,110
Other assets .................................................. 8,749 6,303
Total assets ........................................... $280,930 $292,400
Liabilities and Shareholders’ Equity:
Commercial paper and other short-term borrowings ................... $ 1,151 $ 6,894
Financial instruments sold, not yet purchased ........................ 1,588 —
Payables to subsidiaries ......................................... 41,275 52,327
Other liabilities and accrued expenses .............................. 3,068 3,507
Long-term borrowings .......................................... 187,160 180,919
234,242 243,647
Commitments and contingencies
Shareholders’ equity:
Preferred stock ................................................ 9,597 19,168
Common stock, $0.01 par value;
Shares authorized: 3,500,000,000 in 2009 and 2008;
Shares issued: 1,487,850,163 in 2009 and 1,211,701,552 in 2008;
Shares outstanding: 1,360,595,214 in 2009 and 1,074,497,565 in
2008 .................................................. 15 12
Paid-in capital ................................................ 8,619 459
Retained earnings .............................................. 35,056 36,154
Employee stock trust ........................................... 4,064 4,312
Accumulated other comprehensive loss ............................ (560) (420)
Common stock held in treasury, at cost, $0.01 par value; 127,254,949
shares in 2009 and 137,203,987 shares in 2008 ..................... (6,039) (6,620)
Common stock issued to employee trust ............................ (4,064) (4,312)
Total shareholders’ equity ............................... 46,688 48,753
Total liabilities and shareholders’ equity ................................ $280,930 $292,400
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