Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.6.0.2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value on a Recurring Basis
Assets and liabilities carried at fair value on a recurring basis at December 31, 2016 and 2015, including financial instruments which the Corporation accounts for under the fair value option, are summarized in the following tables.
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting Adjustments (1)
 
Assets/Liabilities at Fair Value
Assets
 

 
 

 
 

 
 

 
 

Federal funds sold and securities borrowed or purchased under agreements to resell
$

 
$
49,750

 
$

 
$

 
$
49,750

Trading account assets:
 

 
 

 
 

 
 

 
 

U.S. Treasury and agency securities (2)
34,587

 
1,927

 

 

 
36,514

Corporate securities, trading loans and other
171

 
22,861

 
2,777

 

 
25,809

Equity securities
50,169

 
21,601

 
281

 

 
72,051

Non-U.S. sovereign debt
9,578

 
9,940

 
510

 

 
20,028

Mortgage trading loans, MBS and ABS:
 
 
 
 
 
 
 
 
 
U.S. government-sponsored agency guaranteed (2)

 
15,799

 

 

 
15,799

Mortgage trading loans, ABS and other MBS

 
8,797

 
1,211

 

 
10,008

Total trading account assets (3)
94,505

 
80,925

 
4,779

 

 
180,209

Derivative assets (4)
7,337

 
619,848

 
3,931

 
(588,604
)
 
42,512

AFS debt securities:
 

 
 

 
 

 
 

 
 

U.S. Treasury and agency securities
46,787

 
1,465

 

 

 
48,252

Mortgage-backed securities:
 

 
 

 
 

 
 

 
 

Agency

 
189,486

 

 

 
189,486

Agency-collateralized mortgage obligations

 
8,330

 

 

 
8,330

Non-agency residential

 
2,013

 

 

 
2,013

Commercial

 
12,322

 

 

 
12,322

Non-U.S. securities
2,553

 
3,600

 
229

 

 
6,382

Other taxable securities

 
10,020

 
594

 

 
10,614

Tax-exempt securities

 
16,618

 
542

 

 
17,160

Total AFS debt securities
49,340

 
243,854

 
1,365

 

 
294,559

Other debt securities carried at fair value:
 
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
 
Agency-collateralized mortgage obligations

 
5

 

 

 
5

Non-agency residential

 
3,114

 
25

 

 
3,139

Non-U.S. securities
15,109

 
1,227

 

 

 
16,336

Other taxable securities

 
240

 

 

 
240

Total other debt securities carried at fair value
15,109

 
4,586

 
25

 

 
19,720

Loans and leases

 
6,365

 
720

 

 
7,085

Mortgage servicing rights

 

 
2,747

 

 
2,747

Loans held-for-sale

 
3,370

 
656

 

 
4,026

Other assets
11,824

 
1,739

 
239

 

 
13,802

Total assets
$
178,115

 
$
1,010,437

 
$
14,462

 
$
(588,604
)
 
$
614,410

Liabilities
 

 
 

 
 

 
 

 
 

Interest-bearing deposits in U.S. offices
$

 
$
731

 
$

 
$

 
$
731

Federal funds purchased and securities loaned or sold under agreements to repurchase

 
35,407

 
359

 

 
35,766

Trading account liabilities:
 

 
 

 
 

 
 

 
 
U.S. Treasury and agency securities
15,854

 
197

 

 

 
16,051

Equity securities
25,884

 
3,014

 

 

 
28,898

Non-U.S. sovereign debt
9,409

 
2,103

 

 

 
11,512

Corporate securities and other
163

 
6,380

 
27

 

 
6,570

Total trading account liabilities
51,310

 
11,694

 
27

 

 
63,031

Derivative liabilities (4)
7,173

 
615,896

 
5,244

 
(588,833
)
 
39,480

Short-term borrowings

 
2,024

 

 

 
2,024

Accrued expenses and other liabilities
12,978

 
1,643

 
9

 

 
14,630

Long-term debt

 
28,523

 
1,514

 

 
30,037

Total liabilities
$
71,461

 
$
695,918

 
$
7,153

 
$
(588,833
)
 
$
185,699

(1) 
Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties.
(2) 
Includes $17.5 billion of GSE obligations.
(3) 
Includes securities with a fair value of $14.6 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet.
(4) 
During 2016, $2.3 billion of derivative assets and $2.4 billion of derivative liabilities were transferred from Level 1 to Level 2 and $2.0 billion of derivative assets and $1.8 billion of derivative liabilities were transferred from Level 2 to Level 1 based on the inputs used to measure fair value. For further disaggregation of derivative assets and liabilities, see Note 2 – Derivatives.

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting Adjustments (1)
 
Assets/Liabilities at Fair Value
Assets
 

 
 

 
 

 
 

 
 

Federal funds sold and securities borrowed or purchased under agreements to resell
$

 
$
55,143

 
$

 
$

 
$
55,143

Trading account assets:
 

 
 

 
 

 
 

 
 

U.S. Treasury and agency securities (2)
33,034

 
2,413

 

 

 
35,447

Corporate securities, trading loans and other
325

 
22,738

 
2,838

 

 
25,901

Equity securities
41,735

 
20,887

 
407

 

 
63,029

Non-U.S. sovereign debt
15,651

 
12,915

 
521

 

 
29,087

Mortgage trading loans, MBS and ABS:
 
 
 
 
 
 
 
 
 
U.S. government-sponsored agency guaranteed (2)

 
13,088

 

 

 
13,088

Mortgage trading loans, ABS and other MBS

 
8,107

 
1,868

 

 
9,975

Total trading account assets (3)
90,745

 
80,148

 
5,634

 

 
176,527

Derivative assets (4)
5,149

 
678,355

 
5,134

 
(638,648
)
 
49,990

AFS debt securities:
 

 
 

 
 

 
 

 
 

U.S. Treasury and agency securities
23,374

 
1,903

 

 

 
25,277

Mortgage-backed securities:
 

 
 

 
 

 
 

 
 

Agency

 
228,947

 

 

 
228,947

Agency-collateralized mortgage obligations

 
10,985

 

 

 
10,985

Non-agency residential

 
3,073

 
106

 

 
3,179

Commercial

 
7,165

 

 

 
7,165

Non-U.S. securities
2,768

 
2,999

 

 

 
5,767

Other taxable securities

 
9,688

 
757

 

 
10,445

Tax-exempt securities

 
13,439

 
569

 

 
14,008

Total AFS debt securities
26,142

 
278,199

 
1,432

 

 
305,773

Other debt securities carried at fair value:
 
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
 
Agency-collateralized mortgage obligations

 
7

 

 

 
7

Non-agency residential

 
3,460

 
30

 

 
3,490

Non-U.S. securities
11,691

 
1,152

 

 

 
12,843

Other taxable securities

 
267

 

 

 
267

Total other debt securities carried at fair value
11,691

 
4,886

 
30

 

 
16,607

Loans and leases

 
5,318

 
1,620

 

 
6,938

Mortgage servicing rights

 

 
3,087

 

 
3,087

Loans held-for-sale

 
4,031

 
787

 

 
4,818

Other assets (5)
11,923

 
2,023

 
374

 

 
14,320

Total assets
$
145,650

 
$
1,108,103

 
$
18,098

 
$
(638,648
)
 
$
633,203

Liabilities
 

 
 

 
 

 
 

 
 

Interest-bearing deposits in U.S. offices
$

 
$
1,116

 
$

 
$

 
$
1,116

Federal funds purchased and securities loaned or sold under agreements to repurchase

 
24,239

 
335

 

 
24,574

Trading account liabilities:
 

 
 

 
 

 
 

 
 
U.S. Treasury and agency securities
14,803

 
169

 

 

 
14,972

Equity securities
27,898

 
2,392

 

 

 
30,290

Non-U.S. sovereign debt
13,589

 
1,951

 

 

 
15,540

Corporate securities and other
193

 
5,947

 
21

 

 
6,161

Total trading account liabilities
56,483

 
10,459

 
21

 

 
66,963

Derivative liabilities (4)
4,941

 
670,600

 
5,575

 
(642,666
)
 
38,450

Short-term borrowings

 
1,295

 
30

 

 
1,325

Accrued expenses and other liabilities
11,656

 
2,234

 
9

 

 
13,899

Long-term debt

 
28,584

 
1,513

 

 
30,097

Total liabilities
$
73,080

 
$
738,527

 
$
7,483

 
$
(642,666
)
 
$
176,424


(1) 
Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties.
(2) 
Includes $14.8 billion of GSE obligations.
(3) 
Includes securities with a fair value of $16.4 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet.
(4) 
During 2015, $6.6 billion of derivative assets and $6.7 billion of derivative liabilities were transferred from Level 1 to Level 2 based on inputs used to measure fair value. Additionally $6.4 billion of derivative assets and $6.2 billion of derivative liabilities were transferred from Level 2 to Level 1 due to additional information related to certain options. For further disaggregation of derivative assets and liabilities, see Note 2 – Derivatives.
(5) 
During 2015, approximately $327 million of assets were transferred from Level 2 to Level 1 due to a restriction that was lifted for an equity investment.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
 
 
 
 
 
 
 
 
 
 
 
 
Level 3 – Fair Value Measurements (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
Gross
 
 
 
 
(Dollars in millions)
Balance
January 1
2014
Total Realized/Unrealized Gains/(Losses) (2)
Gains
(Losses)
in OCI (3)
Purchases
Sales
Issuances
Settlements
Gross Transfers
into
Level 3
Gross Transfers
out of
Level 3 
Balance
December 31
2014
Change in Unrealized Gains/(Losses) Related to Financial Instruments Still Held (2)
Trading account assets:
 
 
 
 
 
 
 
 
 
 
 
U.S. government and agency securities
$

$

$

$
87

$
(87
)
$

$

$

$

$

$

Corporate securities, trading loans and other
3,559

180


1,675

(857
)

(938
)
1,275

(1,624
)
3,270

69

Equity securities
386



104

(86
)

(16
)
146

(182
)
352

(8
)
Non-U.S. sovereign debt
468

30


120

(34
)

(19
)
11

(2
)
574

31

Mortgage trading loans, ABS and other MBS
4,631

199


1,643

(1,259
)

(585
)
39

(2,605
)
2,063

79

Total trading account assets
9,044

409


3,629

(2,323
)

(1,558
)
1,471

(4,413
)
6,259

171

Net derivative assets (4)
(224
)
463


823

(1,738
)

(432
)
28

160

(920
)
(87
)
AFS debt securities:
 

 

 

 

 
 
 
 
 
 

 
Non-agency residential MBS

(2
)

11




270


279


Non-U.S. securities
107

(7
)
(11
)
241



(147
)

(173
)
10


Other taxable securities
3,847

9

(8
)
154



(1,381
)
93

(1,047
)
1,667


Tax-exempt securities
806

8



(16
)

(235
)
36


599


Total AFS debt securities
4,760

8

(19
)
406

(16
)

(1,763
)
399

(1,220
)
2,555


Loans and leases (5, 6)
3,057

69



(3
)
699

(1,591
)
25

(273
)
1,983

76

Mortgage servicing rights (6)
5,042

(1,231
)


(61
)
707

(927
)


3,530

(1,753
)
Loans held-for-sale (5)
929

45


59

(725
)
23

(216
)
83

(25
)
173

(4
)
Other assets
1,669

(98
)


(430
)

(245
)
39

(24
)
911

52

Trading account liabilities – Corporate securities and other
(35
)
1


10

(13
)


(9
)
10

(36
)
1

Accrued expenses and other liabilities (5)
(10
)
2




(3
)


1

(10
)
1

Long-term debt (5)
(1,990
)
49


169


(615
)
540

(1,581
)
1,066

(2,362
)
(8
)
(1) 
Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3.
(2) 
Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - trading account profits (losses); Net derivative assets - trading account profits (losses), mortgage banking income (loss) and other income (loss); Mortgage servicing rights - primarily mortgage banking income (loss); Long-term debt - trading account profits (losses) and other income (loss). 
(3) 
Includes gains/losses in OCI related to unrealized gains/losses on AFS debt securities. 
(4) 
Net derivatives include derivative assets of $6.9 billion and derivative liabilities of $7.8 billion.
(5) 
Amounts represent instruments that are accounted for under the fair value option.
(6) 
Issuances represent loan originations and MSRs retained following securitizations or whole-loan sales.

The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2016, 2015 and 2014, including net realized and unrealized gains (losses) included in earnings and accumulated OCI.
 
 
 
 
 
 
 
 
 
 
 
 
Level 3 – Fair Value Measurements (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
Gross
 
 
 
 
(Dollars in millions)
Balance
January 1
2016
Total Realized/Unrealized Gains/(Losses) (2)
Gains
(Losses)
in OCI
(3)
Purchases
Sales
Issuances
Settlements
Gross
Transfers
into
Level 3 
Gross
Transfers
out of
Level 3 
Balance
December 31
2016
Change in Unrealized Gains/(Losses) Related to Financial Instruments Still Held (2)
Trading account assets:
 

 

 

 

 
 
 
 

 

 

 
Corporate securities, trading loans and other
$
2,838

$
78

$
2

$
1,508

$
(847
)
$

$
(725
)
$
728

$
(805
)
$
2,777

$
(82
)
Equity securities
407

74


73

(169
)

(82
)
70

(92
)
281

(59
)
Non-U.S. sovereign debt
521

122

91

12

(146
)

(90
)


510

120

Mortgage trading loans, ABS and other MBS
1,868

188

(2
)
988

(1,491
)

(344
)
158

(154
)
1,211

64

Total trading account assets
5,634

462

91

2,581

(2,653
)

(1,241
)
956

(1,051
)
4,779

43

Net derivative assets (4)
(441
)
285


470

(1,155
)

76

(186
)
(362
)
(1,313
)
(376
)
AFS debt securities:
 

 

 

 

 

 

 

 

 

 

 
Non-agency residential MBS
106




(106
)





 
Non-U.S. securities


(6
)
584

(92
)

(263
)
6


229


Other taxable securities
757

4

(2
)



(83
)

(82
)
594


Tax-exempt securities
569


(1
)
1



(2
)
10

(35
)
542


Total AFS debt securities
1,432

4

(9
)
585

(198
)

(348
)
16

(117
)
1,365


Other debt securities carried at fair value – Non-agency residential MBS
30

(5
)







25


Loans and leases (5, 6)
1,620

(44
)

69

(553
)
50

(194
)
6

(234
)
720

17

Mortgage servicing rights (6)
3,087

149



(80
)
411

(820
)


2,747

(107
)
Loans held-for-sale (5)
787

79

50

22

(256
)

(93
)
173

(106
)
656

70

Other assets
374

(13
)

38

(111
)

(52
)
3


239

(36
)
Federal funds purchased and securities loaned or sold under agreements to repurchase (5)
(335
)
(11
)



(22
)
27

(19
)
1

(359
)
4

Trading account liabilities – Corporate securities and other
(21
)
5



(11
)




(27
)
4

Short-term borrowings (5)
(30
)
1





29





Accrued expenses and other liabilities (5)
(9
)








(9
)

Long-term debt (5)
(1,513
)
(74
)
(20
)
140


(521
)
948

(939
)
465

(1,514
)
(184
)
(1) 
Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3.
(2) 
Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - trading account profits (losses); Net derivative assets - primarily trading account profits (losses) and mortgage banking income (loss); Mortgage servicing rights - primarily mortgage banking income (loss); Long-term debt - primarily trading account profits (losses). 
(3) 
Includes gains/losses in OCI related to unrealized gains/losses on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. 
(4) 
Net derivatives include derivative assets of $3.9 billion and derivative liabilities of $5.2 billion.
(5) 
Amounts represent instruments that are accounted for under the fair value option.
(6) 
Issuances represent loan originations and MSRs retained following securitizations or whole-loan sales.

 
 
 
 
 
 
 
 
 
 
 
 
Level 3 – Fair Value Measurements (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
Gross
 
 
 
 
(Dollars in millions)
Balance
January 1
2015
Total Realized/Unrealized Gains/(Losses) (2)
Gains
(Losses)
in OCI
(3)
Purchases
Sales
Issuances
Settlements
Gross
Transfers
into
Level 3 
Gross
Transfers
out of
Level 3 
Balance
December 31
2015
Change in Unrealized Gains/(Losses) Related to Financial Instruments Still Held (2)
Trading account assets:
 

 

 

 
 
 
 

 
 

 

 
Corporate securities, trading loans and other
$
3,270

$
(31
)
$
(11
)
$
1,540

$
(1,616
)
$

$
(1,122
)
$
1,570

$
(762
)
$
2,838

$
(123
)
Equity securities
352

9


49

(11
)

(11
)
41

(22
)
407

3

Non-U.S. sovereign debt
574

114

(179
)
185

(1
)

(145
)

(27
)
521

74

Mortgage trading loans, ABS and other MBS
2,063

154

1

1,250

(1,117
)

(493
)
50

(40
)
1,868

(93
)
Total trading account assets
6,259

246

(189
)
3,024

(2,745
)

(1,771
)
1,661

(851
)
5,634

(139
)
Net derivative assets (4)
(920
)
1,335

(7
)
273

(863
)

(261
)
(40
)
42

(441
)
605

AFS debt securities:
 

 

 

 
 
 
 

 

 

 

 
Non-agency residential MBS
279

(12
)

134



(425
)
167

(37
)
106

 
Non-U.S. securities
10






(10
)




Other taxable securities
1,667



189



(160
)

(939
)
757


Tax-exempt securities
599






(30
)


569


Total AFS debt securities
2,555

(12
)

323



(625
)
167

(976
)
1,432


Other debt securities carried at fair value – Non-agency residential MBS

(3
)

33






30


Loans and leases (5, 6)
1,983

(23
)


(4
)
57

(237
)
144

(300
)
1,620

13

Mortgage servicing rights (6)
3,530

187



(393
)
637

(874
)


3,087

(85
)
Loans held-for-sale (5)
173

(51
)
(8
)
771

(203
)
61

(61
)
203

(98
)
787

(39
)
Other assets
911

(55
)

11

(130
)

(51
)
10

(322
)
374

(61
)
Federal funds purchased and securities loaned or sold under agreements to repurchase (5)

(11
)



(131
)
217

(411
)
1

(335
)

Trading account liabilities – Corporate securities and other
(36
)
19


30

(34
)




(21
)
(3
)
Short-term borrowings (5)

17




(52
)
10

(24
)
19

(30
)
1

Accrued expenses and other liabilities (5)
(10
)
1








(9
)
1

Long-term debt (5)
(2,362
)
287

19

616


(188
)
273

(1,592
)
1,434

(1,513
)
255

(1) 
Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3.
(2) 
Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - trading account profits (losses); Net derivative assets - primarily trading account profits (losses) and mortgage banking income (loss); Mortgage servicing rights - primarily mortgage banking income (loss); Long-term debt - primarily trading account profits (losses). 
(3) 
Includes gains/losses in OCI related to unrealized gains/losses on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. 
(4) 
Net derivatives include derivative assets of $5.1 billion and derivative liabilities of $5.6 billion.
(5) 
Amounts represent instruments that are accounted for under the fair value option.
(6) 
Issuances represent loan originations and MSRs retained following securitizations or whole-loan sales.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2016, 2015 and 2014, including net realized and unrealized gains (losses) included in earnings and accumulated OCI.
 
 
 
 
 
 
 
 
 
 
 
 
Level 3 – Fair Value Measurements (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
Gross
 
 
 
 
(Dollars in millions)
Balance
January 1
2016
Total Realized/Unrealized Gains/(Losses) (2)
Gains
(Losses)
in OCI
(3)
Purchases
Sales
Issuances
Settlements
Gross
Transfers
into
Level 3 
Gross
Transfers
out of
Level 3 
Balance
December 31
2016
Change in Unrealized Gains/(Losses) Related to Financial Instruments Still Held (2)
Trading account assets:
 

 

 

 

 
 
 
 

 

 

 
Corporate securities, trading loans and other
$
2,838

$
78

$
2

$
1,508

$
(847
)
$

$
(725
)
$
728

$
(805
)
$
2,777

$
(82
)
Equity securities
407

74


73

(169
)

(82
)
70

(92
)
281

(59
)
Non-U.S. sovereign debt
521

122

91

12

(146
)

(90
)


510

120

Mortgage trading loans, ABS and other MBS
1,868

188

(2
)
988

(1,491
)

(344
)
158

(154
)
1,211

64

Total trading account assets
5,634

462

91

2,581

(2,653
)

(1,241
)
956

(1,051
)
4,779

43

Net derivative assets (4)
(441
)
285


470

(1,155
)

76

(186
)
(362
)
(1,313
)
(376
)
AFS debt securities:
 

 

 

 

 

 

 

 

 

 

 
Non-agency residential MBS
106




(106
)





 
Non-U.S. securities


(6
)
584

(92
)

(263
)
6


229


Other taxable securities
757

4

(2
)



(83
)

(82
)
594


Tax-exempt securities
569


(1
)
1



(2
)
10

(35
)
542


Total AFS debt securities
1,432

4

(9
)
585

(198
)

(348
)
16

(117
)
1,365


Other debt securities carried at fair value – Non-agency residential MBS
30

(5
)







25


Loans and leases (5, 6)
1,620

(44
)

69

(553
)
50

(194
)
6

(234
)
720

17

Mortgage servicing rights (6)
3,087

149



(80
)
411

(820
)


2,747

(107
)
Loans held-for-sale (5)
787

79

50

22

(256
)

(93
)
173

(106
)
656

70

Other assets
374

(13
)

38

(111
)

(52
)
3


239

(36
)
Federal funds purchased and securities loaned or sold under agreements to repurchase (5)
(335
)
(11
)



(22
)
27

(19
)
1

(359
)
4

Trading account liabilities – Corporate securities and other
(21
)
5



(11
)




(27
)
4

Short-term borrowings (5)
(30
)
1





29





Accrued expenses and other liabilities (5)
(9
)








(9
)

Long-term debt (5)
(1,513
)
(74
)
(20
)
140


(521
)
948

(939
)
465

(1,514
)
(184
)
(1) 
Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3.
(2) 
Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - trading account profits (losses); Net derivative assets - primarily trading account profits (losses) and mortgage banking income (loss); Mortgage servicing rights - primarily mortgage banking income (loss); Long-term debt - primarily trading account profits (losses).