Quarterly report pursuant to Section 13 or 15(d)

Derivatives - Credit Derivatives (Details)

v3.19.2
Derivatives - Credit Derivatives (Details) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Carrying Value of Credit Derivatives    
Total $ 348,300 $ 317,800
Carrying Value of Credit-related Notes    
Less than One Year 2 1
One to Three Years 4 1
Three to Five Years 3 5
Over Five Years 2,145 2,032
Total 2,154 2,039
Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 195 134
One to Three Years 508 680
Three to Five Years 844 1,350
Over Five Years 1,721 2,179
Total 3,268 4,343
Maximum Payout/Notional    
Less than One Year 71,353 78,055
One to Three Years 118,992 129,580
Three to Five Years 145,262 129,804
Over Five Years 33,739 34,480
Total 369,346 371,919
Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 391 577
One to Three Years 14 21
Three to Five Years 0 0
Over Five Years 0 0
Total 405 598
Maximum Payout/Notional    
Less than One Year 79,103 84,566
One to Three Years 1,026 2,471
Three to Five Years 195 98
Over Five Years 139 142
Total 80,463 87,277
Credit derivatives | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 586 711
One to Three Years 522 701
Three to Five Years 844 1,350
Over Five Years 1,721 2,179
Total 3,673 4,941
Maximum Payout/Notional    
Less than One Year 150,456 162,621
One to Three Years 120,018 132,051
Three to Five Years 145,457 129,902
Over Five Years 33,878 34,622
Total 449,809 459,196
Investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 0 0
One to Three Years 3 0
Three to Five Years 0 4
Over Five Years 600 532
Total 603 536
Investment grade | Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 0 2
One to Three Years 20 44
Three to Five Years 142 436
Over Five Years 477 488
Total 639 970
Maximum Payout/Notional    
Less than One Year 51,315 53,758
One to Three Years 87,580 95,699
Three to Five Years 105,430 95,274
Over Five Years 19,732 20,054
Total 264,057 264,785
Investment grade | Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 28 105
One to Three Years 0 0
Three to Five Years 0 0
Over Five Years 0 0
Total 28 105
Maximum Payout/Notional    
Less than One Year 56,759 60,042
One to Three Years 160 822
Three to Five Years 62 59
Over Five Years 75 72
Total 57,056 60,995
Non-investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 2 1
One to Three Years 1 1
Three to Five Years 3 1
Over Five Years 1,545 1,500
Total 1,551 1,503
Non-investment grade | Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 195 132
One to Three Years 488 636
Three to Five Years 702 914
Over Five Years 1,244 1,691
Total 2,629 3,373
Maximum Payout/Notional    
Less than One Year 20,038 24,297
One to Three Years 31,412 33,881
Three to Five Years 39,832 34,530
Over Five Years 14,007 14,426
Total 105,289 107,134
Non-investment grade | Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 363 472
One to Three Years 14 21
Three to Five Years 0 0
Over Five Years 0 0
Total 377 493
Maximum Payout/Notional    
Less than One Year 22,344 24,524
One to Three Years 866 1,649
Three to Five Years 133 39
Over Five Years 64 70
Total $ 23,407 $ 26,282