JP Morgan Chase 2015 Annual Report Download - page 251

JPMorgan Chase & Co./2015 Annual Report 241
Effective April 1, 2015, the Firm adopted new accounting guidance, which requires enhanced disclosures with respect to the
types of financial assets pledged in secured financing transactions and the remaining contractual maturity of the secured
financing transactions; the following tables present this information as of December 31, 2015.
Gross liability balance
December 31, 2015 (in millions)
Securities sold under
repurchase agreements Securities loaned
Mortgage-backed securities $ 12,790 $ —
U.S. Treasury and government agencies 154,377 5
Obligations of U.S. states and municipalities 1,316 —
Non-U.S. government debt 80,162 4,426
Corporate debt securities 21,286 78
Asset-backed securities 4,394 —
Equity securities 15,719 18,047
Total $ 290,044 $ 22,556
Remaining contractual maturity of the agreements
Overnight and
continuous
Greater than
90 daysDecember 31, 2015 (in millions) Up to 30 days 30 – 90 days Total
Total securities sold under repurchase agreements $ 114,595 $ 100,082 $ 29,955 $ 45,412 $ 290,044
Total securities loaned 8,320 708 793 12,735 22,556
Transfers not qualifying for sale accounting
At December 31, 2015 and 2014, the Firm held $7.5 billion
and $13.8 billion, respectively, of financial assets for which
the rights have been transferred to third parties; however,
the transfers did not qualify as a sale in accordance with
U.S. GAAP. These transfers have been recognized as
collateralized financing transactions. The transferred assets
are recorded in trading assets and loans, and the
corresponding liabilities are predominantly recorded in
other borrowed funds on the Consolidated balance sheets.