MORGAN STANLEY
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Supplemental Financial Information
Table of Contents
Management’s Discussion and Analysis
Supplemental Financial Information
U.S. Bank Subsidiaries
Our U.S. Bank Subsidiaries accept deposits, provide loans to a variety of customers, including large corporate and institutional clients, as well as high to ultra-high net worth individuals, and invest in securities. Lending activity in our U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities, Commercial and Residential real estate and Corporate loans. Lending activity in our U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.
For a further discussion of our credit risks, see “Quantitative and Qualitative Disclosures about Risk—Credit Risk” herein. For a further discussion about loans and lending commitments, see Notes 9 and 14 to the financial statements.
U.S. Bank Subsidiaries’ Supplemental Financial Information 1
| $ in billions | AtDecember 31,2023 | AtDecember 31,2022 |
|---|---|---|
| Investment securities: | ||
| Available-for-sale at fair value | $66.6 | $66.9 |
| Held-to-maturity | 51.4 | 56.4 |
| Total Investment securities | $118.0 | $123.3 |
| Wealth Management Loans2 | ||
| Residential real estate | $60.3 | $54.4 |
| Securities-based lending and Other3 | 86.2 | 91.7 |
| Total, net of ACL | $146.5 | $146.1 |
| Institutional Securities Loans2 | ||
| Corporate | $10.1 | $6.9 |
| Secured lending facilities | 40.8 | 37.1 |
| Commercial and Residential real estate | 10.7 | 10.2 |
| Securities-based lending and Other | 4.1 | 6.0 |
| Total, net of ACL | $65.7 | $60.2 |
| Total Assets | $396.1 | $391.0 |
| Deposits4 | $346.1 | $350.6 |
Amounts exclude transactions between the bank subsidiaries, as well as deposits from the Parent Company and affiliates.
For a further discussion of loans in the Wealth Management and Institutional Securities business segments, see “Quantitative and Qualitative Disclosures about Risk—Credit Risk” herein.
Other loans primarily include tailored lending. For a further discussion of Other loans, see “Quantitative and Qualitative Disclosures about Risk—Credit Risk” herein.
For further information on deposits, see “Liquidity and Capital Resources—Funding Management—Balance Sheet—Unsecured Financing” herein.
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