U.S. NSFR Disclosures required by the Federal Reserve
The U.S. NSFR requires certain large U.S. bank holding companies, including Morgan Stanley, to make qualitative and quantitative disclosures regarding their U.S. NSFR on a quarterly basis ("U.S. NSFR Disclosures"). Effective for the quarter ended June 30, 2023, Morgan Stanley's U.S. NSFR Disclosures report contains certain qualitative and quantitative disclosures, in accordance with the U.S. NSFR, 12 C.F.R. § 249.130 and 249.131. A discussion of Morgan Stanley’s liquidity and funding risk, as required by the U.S. Securities and Exchange Commission, can be found in its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q at https://www.morganstanley.com/about-us-ir/sec-filings.html
The Firm’s U.S. NSFR Disclosures are based on our current understanding of the U.S. NSFR and other factors, which may be subject to change as the Firm receives additional clarification and implementation guidance from regulators relating to the U.S. NSFR, and as the interpretation of the U.S. NSFR evolves over time. The Firm’s NSFR Disclosures are unaudited, and some measures of exposures may not be consistent with U.S. GAAP, and/ or may not be comparable with measures reported in the Company's Annual Reports on Form 10-K or its Quarterly Reports on Form 10-Q.