Morgan Stanley 2010 Annual Report Download - page 164

Download and view the complete annual report

Please find page 164 of the 2010 Morgan Stanley annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 288

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for 2009
Beginning
Balance at
December 31,
2008
Total Realized
and
Unrealized
Gains
(Losses)(1)
Purchases,
Sales, Other
Settlements
and Issuances,
net
Net Transfers
In and/or
(Out) of
Level 3
Ending
Balance at
December 31,
2009
Unrealized
Gains (Losses)
for Level 3
Assets/Liabilities
Outstanding at
December 31,
2009(2)
(dollars in millions)
Assets
Financial instruments owned:
U.S. agency securities ........ $ 127 $ (2) $ (56) $ (33) $ 36 $ —
Other sovereign government
obligations ............... 1 (3) 1 4 3 —
Corporate and other debt:
State and municipal
securities ............ 2,065 2 (413) (941) 713 (26)
Residential mortgage-
backed securities ...... 1,197 (79) (125) (175) 818 (52)
Commercial mortgage-
backed securities ...... 3,017 (654) (314) (476) 1,573 (662)
Asset-backed securities . . . 1,013 91 (468) (45) 591 (12)
Corporate bonds ........ 2,753 (184) (917) (614) 1,038 33
Collateralized debt
obligations ........... 946 630 30 (53) 1,553 418
Loans and lending
commitments ......... 20,180 (1,225) (5,898) (551) 12,506 (763)
Other debt ............. 3,747 985 (2,386) (684) 1,662 775
Total corporate and
other debt ....... 34,918 (434) (10,491) (3,539) 20,454 (289)
Corporate equities ........... 976 121 (691) 130 536 (227)
Net derivative and other
contracts(3) .............. 23,382 (4,316) (956) (9,764) 8,346 (3,037)
Investments ................ 9,698 (1,418) 82 (749) 7,613 (1,317)
Securities received as collateral .... 30 — (7) — 23 —
Intangible assets ................ 184 (44) (3) — 137 (44)
Liabilities
Deposits....................... $ — $ (2) $ — $ 22 $ 24 $ (2)
Financial instruments sold, not yet
purchased:
Other sovereign government
obligations ............... — — (10) 10 — —
Corporate and other debt:
Commercial mortgage-
backed securities ...... 13 — (13) — — —
Asset-backed securities . . . 4 — — — 4 —
Corporate bonds ........ 395 (22) (291) (97) 29 (30)
Collateralized debt
obligations ........... — — 3 — 3 —
Unfunded lending
commitments ......... 24 (12) 216 — 252 (12)
Other debt ............. 3,372 (13) (2,291) (663) 431 (196)
Total corporate and
other debt ....... 3,808 (47) (2,376) (760) 719 (238)
Corporate equities ........... 27 (6) (90) 61 4 (1)
Obligation to return securities
received as collateral ........... 30 — (7) — 23 —
Other secured financings .......... 6,148 396 (3,757) (463) 1,532 (50)
Long-term borrowings ........... 5,473 (450) 267 675 6,865 (450)
158