Morgan Stanley 2015 Annual Report Download - page 81

Liquidity and Capital Resources.
The Company’s senior management establishes liquidity and capital policies. Through various risk and control committees,
senior management reviews business performance relative to these policies, monitors the availability of alternative sources of
financing, and oversees the liquidity, interest rate and currency sensitivity of the Company’s asset and liability position. The
Treasury Department, Firm Risk Committee, Asset and Liability Management Committee, and other committees and control
groups assist in evaluating, monitoring and controlling the impact that the Company’s business activities have on its
consolidated statements of financial condition, liquidity and capital structure. Liquidity and capital matters are reported
regularly to the Board’s Risk Committee.
The Balance Sheet.
The Company monitors and evaluates the composition and size of its balance sheet on a regular basis. The Company’s
balance sheet management process includes quarterly planning, business-specific limits, monitoring of business-specific
usage versus limits, key metrics and new business impact assessments.
The Company establishes balance sheet limits at the consolidated, business segment and business unit levels. The Company
monitors balance sheet usage versus limits and reviews variances resulting from business activity or market fluctuations. On
a regular basis, the Company reviews current performance versus limits and assesses the need to re-allocate limits based on
business unit needs. The Company also monitors key metrics, including asset and liability size, composition of the balance
sheet, limit utilization and capital usage.
Total Assets for the Company’s Business Segments.
At December 31, 2015
Institutional
Securities
Wealth
Management
Investment
Management Total
(dollars in millions)
Assets
Cash and cash equivalents ............................... $ 22,356 $ 31,216 $ 511 $ 54,083
Cash deposited with clearing organizations or segregated under
federal and other regulations or requirements .............. 28,663 2,806 — 31,469
Trading assets ........................................ 224,949 883 2,448 228,280
Investment securities ................................... 14,124 57,858 1 71,983
Securities received as collateral ........................... 11,225 — — 11,225
Securities purchased under agreements to resell .............. 83,205 4,452 — 87,657
Securities borrowed .................................... 141,971 445 — 142,416
Customer and other receivables ........................... 23,390 21,406 611 45,407
Loans, net of allowance ................................. 36,237 49,522 — 85,759
Other assets(1) ........................................ 16,594 11,120 1,472 29,186
Total assets .......................................... $ 602,714 $ 179,708 $ 5,043 $ 787,465
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