Accounts payable and other liabilities
Accounts payable and other liabilities consist of payables to customers; payables to brokers, dealers and clearing organizations; payables from failed securities purchases; income taxes payables; accrued expense, including interest-bearing liabilities; and all other liabilities, including litigation reserves and obligations to return securities received as collateral.
The following table details the components of accounts payable and other liabilities.
|
| | | | | | | | |
December 31, (in millions) | | 2013 |
| | 2012 |
|
Brokerage payables(a) | | $ | 116,391 |
| | $ | 108,398 |
|
Accounts payable and other liabilities(b) | | 78,100 |
| | 86,842 |
|
Total | | $ | 194,491 |
| | $ | 195,240 |
|
| |
(a) | Includes payables to customers, brokers, dealers and clearing organizations, and securities fails. |
| |
(b) | Includes $25 million and $36 million accounted for at fair value at December 31, 2013 and 2012, respectively. |
