Morgan Stanley 2014 Annual Report Download - page 206

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Financial Instruments Not Measured at Fair Value at December 31, 2014 and December 31, 2013.
At December 31, 2014.
At December 31, 2014 Fair Value Measurements Using:
Carrying Value Fair Value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(dollars in millions)
Financial Assets:
Cash and due from banks ............ $ 21,381 $ 21,381 $21,381 $ — $ —
Interest bearing deposits with banks . . . 25,603 25,603 25,603 — —
Cash deposited with clearing
organizations or segregated under
federal and other regulations or
requirements .................... 40,607 40,607 40,607 — —
Investment securities—HTM
securities ....................... 100 100 100 — —
Securities purchased under agreements
to resell ........................ 82,175 82,165 — 81,981 184
Securities borrowed ................ 136,708 136,708 — 136,696 12
Customer and other receivables(1) ..... 45,116 45,028 — 39,945 5,083
Loans(2) ......................... 66,577 67,800 — 18,212 49,588
Financial Liabilities:
Deposits ......................... $133,544 $133,572 $ — $133,572 $ —
Commercial paper and other short-term
borrowings ..................... 496 496 — 496 —
Securities sold under agreements to
repurchase ...................... 69,337 69,433 — 63,921 5,512
Securities loaned ................... 25,219 25,244 — 24,740 504
Other secured financings ............ 7,581 7,881 — 5,465 2,416
Customer and other payables(1) ....... 178,373 178,373 — 178,373 —
Long-term borrowings .............. 120,998 124,961 — 124,150 811
(1) Accrued interest, fees, and dividend receivables and payables where carrying value approximates fair value have been excluded.
(2) Amounts include all loans measured at fair value on a non-recurring basis.
The fair value of the Company’s unfunded lending commitments, primarily related to corporate lending in the
Company’s Institutional Securities business segment, that are not carried at fair value at December 31, 2014 was
$1,178 million, of which $928 million and $250 million would be categorized in Level 2 and Level 3 of the fair
value hierarchy, respectively. The carrying value of these commitments, if fully funded, would be $86.8 billion.
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