Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.19.2
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (Losses) in OCI $ 11   $ 112    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Balance, beginning (1,018) $ (1,138) (935) $ (1,714)  
Total Realized/Unrealized Gains/(Losses) in Net Income (91) (239) (116) 256  
Gains (Losses) in OCI 0 0 0 0  
Purchases 56 195 167 348  
Sales (161) (591) (406) (853)  
Issuances 0 0 0 0  
Settlements (33) 175 (88) 377  
Gross Transfers into Level 3 17 (4) 139 67  
Gross Transfers out of Level 3 116 14 125 (69)  
Balance, ending (1,114) (1,588) (1,114) (1,588)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (94) (251) (131) 325  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 354,700   354,700   $ 328,800
Derivative liabilities, gross 348,300   348,300   317,800
Trading account liabilities – Equity securities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 0   0    
Total Realized/Unrealized Gains/(Losses) in Net Income (2)   (2)    
Gains (Losses) in OCI 0   0    
Purchases 0   0    
Sales 0   0    
Issuances 0   0    
Settlements 0   0    
Gross Transfers into Level 3 0   0    
Gross Transfers out of Level 3 0   0    
Balance, ending (2)   (2)    
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (2)   (2)    
Trading account liabilities – Corporate securities and other          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (21) (26) (18) (24)  
Total Realized/Unrealized Gains/(Losses) in Net Income 7 1 7 2  
Gains (Losses) in OCI 0 0 0 0  
Purchases 1 0 1 0  
Sales 0 (9) (3) (11)  
Issuances 0 (1) 0 (2)  
Settlements 0 0 0 0  
Gross Transfers into Level 3 0 0 0 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending (13) (35) (13) (35)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 1 0 1  
Accrued expenses and other liabilities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning   (8)   (8)  
Total Realized/Unrealized Gains/(Losses) in Net Income   0   0  
Gains (Losses) in OCI   0   0  
Purchases   0   0  
Sales   0   0  
Issuances   0   0  
Settlements   8   8  
Gross Transfers into Level 3   0   0  
Gross Transfers out of Level 3   0   0  
Balance, ending   0   0  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held   0   0  
Long-term debt          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (890) (1,351) (817) (1,863)  
Total Realized/Unrealized Gains/(Losses) in Net Income (41) 63 (87) 86  
Gains (Losses) in OCI 0 2 (1) 3  
Purchases 0 4 0 9  
Sales 0 0 0 0  
Issuances (10) (53) (13) (120)  
Settlements 38 151 76 323  
Gross Transfers into Level 3 0 (114) (61) (147)  
Gross Transfers out of Level 3 1 73 1 484  
Balance, ending (902) (1,225) (902) (1,225)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (41) 66 (82) 51  
Level 3 | Recurring          
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 3,403 4,500 3,403 4,500 3,466
Derivative liabilities, gross 4,517 6,100 4,517 6,100 $ 4,401
Corporate securities, trading loans and other          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,428 1,716 1,558 1,864  
Total Realized/Unrealized Gains/(Losses) in Net Income 55 (37) 58 (28)  
Gains (Losses) in OCI 0 (1) 0 (1)  
Purchases 140 81 194 274  
Sales (79) (75) (152) (211)  
Issuances 0 0 0 0  
Settlements (146) (74) (206) (213)  
Gross Transfers into Level 3 107 145 246 248  
Gross Transfers out of Level 3 (112) (117) (305) (295)  
Balance, ending 1,393 1,638 1,393 1,638  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 26 (67) 20 (76)  
Equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 288 212 276 235  
Total Realized/Unrealized Gains/(Losses) in Net Income 20 1 22 9  
Gains (Losses) in OCI 0 0 0 0  
Purchases 3 2 21 8  
Sales (5) (4) (6) (11)  
Issuances 0 0 0 0  
Settlements 0 (4) (3) (4)  
Gross Transfers into Level 3 1 29 3 30  
Gross Transfers out of Level 3 (11) (8) (17) (39)  
Balance, ending 296 228 296 228  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 20 (3) (4) 9  
Non-U.S. sovereign debt          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 472 401 465 556  
Total Realized/Unrealized Gains/(Losses) in Net Income 19 13 27 29  
Gains (Losses) in OCI 5 (44) 4 (42)  
Purchases 1 7 1 7  
Sales 0 0 0 (50)  
Issuances 0 0 0 0  
Settlements (11) 0 (11) (8)  
Gross Transfers into Level 3 0 8 0 8  
Gross Transfers out of Level 3 (5) (17) (5) (132)  
Balance, ending 481 368 481 368  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 19 13 27 28  
Mortgage trading loans, ABS and other MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,510 1,372 1,635 1,498  
Total Realized/Unrealized Gains/(Losses) in Net Income 50 42 88 141  
Gains (Losses) in OCI (1) 0 (2) 3  
Purchases 167 192 397 317  
Sales (324) (256) (661) (576)  
Issuances 0 0 0 0  
Settlements (115) (38) (124) (107)  
Gross Transfers into Level 3 178 256 267 350  
Gross Transfers out of Level 3 (76) (45) (211) (103)  
Balance, ending 1,389 1,523 1,389 1,523  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 4 32 20 81  
Trading account assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 3,698 3,701 3,934 4,153  
Total Realized/Unrealized Gains/(Losses) in Net Income 144 19 195 151  
Gains (Losses) in OCI 4 (45) 2 (40)  
Purchases 311 282 613 606  
Sales (408) (335) (819) (848)  
Issuances 0 0 0 0  
Settlements (272) (116) (344) (332)  
Gross Transfers into Level 3 286 438 516 636  
Gross Transfers out of Level 3 (204) (187) (538) (569)  
Balance, ending 3,559 3,757 3,559 3,757  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 69 (25) 63 42  
Non-agency residential MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 581 0 597 0  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 8 0 8  
Gains (Losses) in OCI (3) (14) 90 (14)  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (14) 0 (21) 0  
Gross Transfers into Level 3 47 459 206 459  
Gross Transfers out of Level 3 (43) 0 (304) 0  
Balance, ending 568 453 568 453  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 0 0 0  
Non-U.S. securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 2 23 2 25  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 0 0 0  
Gains (Losses) in OCI 0 (1) 0 (1)  
Purchases 0 0 0 0  
Sales 0 (10) 0 (10)  
Issuances 0 0 0 0  
Settlements 0 (12) 0 (14)  
Gross Transfers into Level 3 0 3 0 3  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 2 3 2 3  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 0 0 0  
Other taxable securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 3 43 7 509  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 1 0 2  
Gains (Losses) in OCI 0 (2) 0 (2)  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements 0 (3) (4) (10)  
Gross Transfers into Level 3 0 60 0 60  
Gross Transfers out of Level 3 0 0 0 (460)  
Balance, ending 3 99 3 99  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 0 0 0  
Tax-exempt securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning   0   469  
Total Realized/Unrealized Gains/(Losses) in Net Income   0   0  
Gains (Losses) in OCI   0   0  
Purchases   0   0  
Sales   0   0  
Issuances   0   0  
Settlements   0   0  
Gross Transfers into Level 3   1   1  
Gross Transfers out of Level 3   0   (469)  
Balance, ending   1   1  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held   0   0  
Available-for-sale Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 586 66 606 1,003  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 9 0 10  
Gains (Losses) in OCI (3) (17) 90 (17)  
Purchases 0 0 0 0  
Sales 0 (10) 0 (10)  
Issuances 0 0 0 0  
Settlements (14) (15) (25) (24)  
Gross Transfers into Level 3 47 523 206 523  
Gross Transfers out of Level 3 (43) 0 (304) (929)  
Balance, ending 573 556 573 556  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 0 0 0  
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 224 0 172 0  
Total Realized/Unrealized Gains/(Losses) in Net Income 2 (4) 49 (4)  
Gains (Losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 (7) 0 (7)  
Issuances 0 0 0 0  
Settlements (7) 0 (8) 0  
Gross Transfers into Level 3 69 298 107 298  
Gross Transfers out of Level 3 (15) 0 (47) 0  
Balance, ending 273 287 273 287  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 2 5 47 5  
Loans and leases          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 317 526 338 571  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 (4) 4 (20)  
Gains (Losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 (5) (15) (9)  
Issuances 53 0 53 0  
Settlements (15) (24) (25) (49)  
Gross Transfers into Level 3 0 0 0 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 355 493 355 493  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 (4) 3 (19)  
Loans held-for-sale          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 558 685 542 690  
Total Realized/Unrealized Gains/(Losses) in Net Income 26 (12) 38 12  
Gains (Losses) in OCI 2 (27) 0 (27)  
Purchases 0 0 10 12  
Sales (50) 0 (71) 0  
Issuances 0 0 11 0  
Settlements (50) (37) (103) (78)  
Gross Transfers into Level 3 0 0 59 0  
Gross Transfers out of Level 3 0 (32) 0 (32)  
Balance, ending 486 577 486 577  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 16 (16) 20 5  
Other assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 2,749 3,295 2,932 2,425  
Total Realized/Unrealized Gains/(Losses) in Net Income (80) 76 (154) 268  
Gains (Losses) in OCI 8 0 16 0  
Purchases 0 2 0 2  
Sales (10) (8) (10) (46)  
Issuances 67 23 108 52  
Settlements (183) (169) (341) (411)  
Gross Transfers into Level 3 0 0 0 929  
Gross Transfers out of Level 3 0 (35) 0 (35)  
Balance, ending 2,551 3,184 2,551 3,184  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held $ (128) $ 8 $ (253) $ 145