Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($) $ in Millions |
12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
$ (104)
|
$ (324)
|
$ 28
|
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
Balance, beginning |
(2,494)
|
(2,893)
|
(2,662)
|
Total realized and unrealized gains (losses) included in Net Income |
1,035
|
179
|
551
|
Gains (losses) in OCI |
0
|
(375)
|
0
|
Purchases |
1,104
|
1,318
|
319
|
Sales |
(1,338)
|
(1,281)
|
(830)
|
Issuances |
0
|
0
|
0
|
Settlements |
(576)
|
(1,575)
|
294
|
Gross Transfers into Level 3 |
(696)
|
(8)
|
(180)
|
Gross Transfers out of Level 3 |
1,004
|
2,141
|
(385)
|
Balance, ending |
(1,961)
|
(2,494)
|
(2,893)
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
$ (132)
|
$ (857)
|
$ 259
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Gains (losses) in OCI |
$ (104)
|
$ (324)
|
$ 28
|
Derivative assets |
308,100
|
290,300
|
|
Derivative liabilities |
305,700
|
301,200
|
|
Level 3 | Recurring |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Derivative assets |
3,562
|
3,422
|
3,200
|
Derivative liabilities |
5,523
|
5,916
|
6,100
|
Trading account liabilities – Equity securities |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
(12)
|
0
|
|
Total realized and unrealized gains (losses) included in Net Income |
9
|
1
|
|
Gains (losses) in OCI |
0
|
0
|
|
Purchases |
0
|
0
|
|
Sales |
(4)
|
0
|
|
Issuances |
0
|
0
|
|
Settlements |
7
|
2
|
|
Gross Transfers into Level 3 |
(21)
|
(15)
|
|
Gross Transfers out of Level 3 |
11
|
0
|
|
Balance, ending |
(10)
|
(12)
|
0
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
6
|
1
|
|
Trading account liabilities – Corporate securities and other |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
(39)
|
(58)
|
(11)
|
Total realized and unrealized gains (losses) included in Net Income |
(55)
|
(3)
|
5
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
(7)
|
(3)
|
(4)
|
Sales |
(15)
|
(1)
|
0
|
Issuances |
(3)
|
(1)
|
0
|
Settlements |
26
|
24
|
(2)
|
Gross Transfers into Level 3 |
(17)
|
(35)
|
(46)
|
Gross Transfers out of Level 3 |
0
|
38
|
0
|
Balance, ending |
(110)
|
(39)
|
(58)
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(69)
|
(9)
|
1
|
Short-term borrowings |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
(10)
|
(14)
|
0
|
Total realized and unrealized gains (losses) included in Net Income |
1
|
1
|
3
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
0
|
0
|
0
|
Sales |
0
|
(13)
|
(17)
|
Issuances |
(9)
|
(8)
|
0
|
Settlements |
18
|
24
|
0
|
Gross Transfers into Level 3 |
0
|
0
|
(3)
|
Gross Transfers out of Level 3 |
0
|
0
|
3
|
Balance, ending |
0
|
(10)
|
(14)
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
(1)
|
2
|
Accrued expenses and other liabilities |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
(21)
|
(32)
|
0
|
Total realized and unrealized gains (losses) included in Net Income |
(234)
|
21
|
(23)
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
165
|
(11)
|
(9)
|
Sales |
0
|
0
|
0
|
Issuances |
0
|
0
|
0
|
Settlements |
1
|
0
|
0
|
Gross Transfers into Level 3 |
0
|
0
|
0
|
Gross Transfers out of Level 3 |
0
|
1
|
0
|
Balance, ending |
(89)
|
(21)
|
(32)
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(224)
|
4
|
(7)
|
Long-term debt |
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
(614)
|
(862)
|
(1,075)
|
Total realized and unrealized gains (losses) included in Net Income |
64
|
179
|
(197)
|
Gains (losses) in OCI |
(25)
|
(26)
|
82
|
Purchases |
0
|
(9)
|
0
|
Sales |
0
|
50
|
14
|
Issuances |
0
|
0
|
(1)
|
Settlements |
23
|
47
|
57
|
Gross Transfers into Level 3 |
(1)
|
0
|
(24)
|
Gross Transfers out of Level 3 |
0
|
7
|
282
|
Balance, ending |
(553)
|
(614)
|
(862)
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
65
|
183
|
(200)
|
Federal funds sold and securities borrowed or purchased under agreements to resell |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
0
|
0
|
|
Total realized and unrealized gains (losses) included in Net Income |
|
0
|
|
Gains (losses) in OCI |
|
0
|
|
Purchases |
|
0
|
|
Sales |
|
0
|
|
Issuances |
|
0
|
|
Settlements |
|
0
|
|
Gross Transfers into Level 3 |
|
7
|
|
Gross Transfers out of Level 3 |
|
(7)
|
|
Balance, ending |
|
0
|
0
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
|
0
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
|
0
|
|
Total trading account assets |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
3,489
|
4,599
|
4,223
|
Total realized and unrealized gains (losses) included in Net Income |
(15)
|
206
|
(250)
|
Gains (losses) in OCI |
(63)
|
32
|
14
|
Purchases |
1,885
|
819
|
1,897
|
Sales |
(1,611)
|
(733)
|
(1,078)
|
Issuances |
44
|
20
|
0
|
Settlements |
(1,362)
|
(1,590)
|
(790)
|
Gross Transfers into Level 3 |
1,575
|
974
|
1,672
|
Gross Transfers out of Level 3 |
(432)
|
(838)
|
(1,089)
|
Balance, ending |
3,510
|
3,489
|
4,599
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
140
|
44
|
(180)
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
(63)
|
32
|
14
|
Corporate securities, trading loans and other |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
1,689
|
2,384
|
2,110
|
Total realized and unrealized gains (losses) included in Net Income |
87
|
144
|
(52)
|
Gains (losses) in OCI |
(6)
|
2
|
(2)
|
Purchases |
1,128
|
453
|
1,069
|
Sales |
(913)
|
(241)
|
(384)
|
Issuances |
44
|
20
|
0
|
Settlements |
(1,158)
|
(1,029)
|
(606)
|
Gross Transfers into Level 3 |
1,125
|
385
|
1,023
|
Gross Transfers out of Level 3 |
(182)
|
(429)
|
(774)
|
Balance, ending |
1,814
|
1,689
|
2,384
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
324
|
50
|
(78)
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
(6)
|
2
|
(2)
|
Equity securities |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
187
|
145
|
190
|
Total realized and unrealized gains (losses) included in Net Income |
50
|
44
|
(3)
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
255
|
39
|
45
|
Sales |
(65)
|
(52)
|
(25)
|
Issuances |
0
|
0
|
0
|
Settlements |
(62)
|
(61)
|
(4)
|
Gross Transfers into Level 3 |
62
|
153
|
38
|
Gross Transfers out of Level 3 |
(53)
|
(81)
|
(96)
|
Balance, ending |
374
|
187
|
145
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(12)
|
(5)
|
(6)
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
0
|
0
|
0
|
Non-U.S. sovereign debt |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
396
|
518
|
396
|
Total realized and unrealized gains (losses) included in Net Income |
(1)
|
68
|
59
|
Gains (losses) in OCI |
(57)
|
30
|
16
|
Purchases |
82
|
64
|
54
|
Sales |
(16)
|
(23)
|
(4)
|
Issuances |
0
|
0
|
0
|
Settlements |
(79)
|
(259)
|
(68)
|
Gross Transfers into Level 3 |
19
|
0
|
75
|
Gross Transfers out of Level 3 |
0
|
(2)
|
(10)
|
Balance, ending |
344
|
396
|
518
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
70
|
56
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
(57)
|
30
|
16
|
Mortgage trading loans, MBS and ABS |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
1,217
|
1,552
|
1,527
|
Total realized and unrealized gains (losses) included in Net Income |
(151)
|
(50)
|
(254)
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
420
|
263
|
729
|
Sales |
(617)
|
(417)
|
(665)
|
Issuances |
0
|
0
|
0
|
Settlements |
(63)
|
(241)
|
(112)
|
Gross Transfers into Level 3 |
369
|
436
|
536
|
Gross Transfers out of Level 3 |
(197)
|
(326)
|
(209)
|
Balance, ending |
978
|
1,217
|
1,552
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(172)
|
(71)
|
(152)
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
0
|
0
|
0
|
Total AFS debt securities |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
376
|
504
|
439
|
Total realized and unrealized gains (losses) included in Net Income |
(1)
|
12
|
10
|
Gains (losses) in OCI |
58
|
30
|
(44)
|
Purchases |
338
|
0
|
126
|
Sales |
0
|
0
|
(8)
|
Issuances |
0
|
0
|
0
|
Settlements |
(221)
|
(167)
|
(100)
|
Gross Transfers into Level 3 |
198
|
4
|
385
|
Gross Transfers out of Level 3 |
(137)
|
(7)
|
(304)
|
Balance, ending |
611
|
376
|
504
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(1)
|
4
|
1
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
58
|
30
|
(44)
|
Non-agency residential MBS |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
273
|
258
|
316
|
Total realized and unrealized gains (losses) included in Net Income |
8
|
1
|
0
|
Gains (losses) in OCI |
57
|
23
|
(35)
|
Purchases |
0
|
0
|
0
|
Sales |
0
|
0
|
(8)
|
Issuances |
0
|
0
|
0
|
Settlements |
(152)
|
(9)
|
(75)
|
Gross Transfers into Level 3 |
191
|
0
|
73
|
Gross Transfers out of Level 3 |
(130)
|
0
|
(13)
|
Balance, ending |
247
|
273
|
258
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
6
|
2
|
0
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
57
|
23
|
(35)
|
Commercial MBS |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
0
|
|
|
Total realized and unrealized gains (losses) included in Net Income |
(8)
|
|
|
Gains (losses) in OCI |
1
|
|
|
Purchases |
338
|
|
|
Sales |
0
|
|
|
Issuances |
0
|
|
|
Settlements |
(3)
|
|
|
Gross Transfers into Level 3 |
0
|
|
|
Gross Transfers out of Level 3 |
0
|
|
|
Balance, ending |
328
|
0
|
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(8)
|
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
1
|
|
|
Non-U.S. and other taxable securities |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
103
|
195
|
71
|
Total realized and unrealized gains (losses) included in Net Income |
(1)
|
10
|
10
|
Gains (losses) in OCI |
0
|
7
|
(10)
|
Purchases |
0
|
0
|
126
|
Sales |
0
|
0
|
0
|
Issuances |
0
|
0
|
0
|
Settlements |
(66)
|
(106)
|
(22)
|
Gross Transfers into Level 3 |
7
|
4
|
311
|
Gross Transfers out of Level 3 |
(7)
|
(7)
|
(291)
|
Balance, ending |
36
|
103
|
195
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
1
|
2
|
1
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
0
|
7
|
(10)
|
Tax-exempt securities |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
0
|
51
|
52
|
Total realized and unrealized gains (losses) included in Net Income |
|
1
|
0
|
Gains (losses) in OCI |
|
0
|
1
|
Purchases |
|
0
|
0
|
Sales |
|
0
|
0
|
Issuances |
|
0
|
0
|
Settlements |
|
(52)
|
(3)
|
Gross Transfers into Level 3 |
|
0
|
1
|
Gross Transfers out of Level 3 |
|
0
|
0
|
Balance, ending |
|
0
|
51
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
|
0
|
0
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
|
0
|
1
|
Other debt securities carried at fair value – Non-agency residential MBS |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
69
|
119
|
242
|
Total realized and unrealized gains (losses) included in Net Income |
5
|
(4)
|
(19)
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
0
|
0
|
0
|
Sales |
0
|
(19)
|
0
|
Issuances |
0
|
0
|
0
|
Settlements |
(27)
|
(6)
|
(111)
|
Gross Transfers into Level 3 |
118
|
0
|
30
|
Gross Transfers out of Level 3 |
(16)
|
(21)
|
(23)
|
Balance, ending |
149
|
69
|
119
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(1)
|
(3)
|
14
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
0
|
0
|
0
|
Loans and leases |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
93
|
253
|
748
|
Total realized and unrealized gains (losses) included in Net Income |
1
|
(9)
|
(45)
|
Gains (losses) in OCI |
0
|
0
|
0
|
Purchases |
0
|
9
|
0
|
Sales |
0
|
(54)
|
(154)
|
Issuances |
1
|
0
|
82
|
Settlements |
(13)
|
(100)
|
(129)
|
Gross Transfers into Level 3 |
0
|
16
|
0
|
Gross Transfers out of Level 3 |
0
|
(22)
|
(249)
|
Balance, ending |
82
|
93
|
253
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
(13)
|
(21)
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
0
|
0
|
0
|
Loans held-for-sale |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
164
|
232
|
317
|
Total realized and unrealized gains (losses) included in Net Income |
(6)
|
24
|
9
|
Gains (losses) in OCI |
(7)
|
3
|
4
|
Purchases |
25
|
0
|
171
|
Sales |
0
|
(25)
|
(6)
|
Issuances |
1
|
0
|
0
|
Settlements |
(45)
|
(70)
|
(271)
|
Gross Transfers into Level 3 |
0
|
0
|
8
|
Gross Transfers out of Level 3 |
0
|
0
|
0
|
Balance, ending |
132
|
164
|
232
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
(15)
|
13
|
19
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
(7)
|
3
|
4
|
Other assets |
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Balance, beginning |
1,657
|
1,799
|
1,572
|
Total realized and unrealized gains (losses) included in Net Income |
279
|
211
|
305
|
Gains (losses) in OCI |
(52)
|
10
|
(21)
|
Purchases |
272
|
176
|
39
|
Sales |
(6)
|
(326)
|
(35)
|
Issuances |
139
|
104
|
208
|
Settlements |
(321)
|
(319)
|
(271)
|
Gross Transfers into Level 3 |
1
|
2
|
5
|
Gross Transfers out of Level 3 |
0
|
0
|
(3)
|
Balance, ending |
1,969
|
1,657
|
1,799
|
Change in unrealized gains (losses) in net income related to financial instruments still held |
47
|
74
|
213
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
Gains (losses) in OCI |
$ (52)
|
$ 10
|
$ (21)
|