Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.19.3
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (Losses) in OCI $ (53)   $ 47    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Balance, beginning (1,114) $ (1,588) (935) $ (1,714)  
Total Realized/Unrealized Gains/(Losses) in Net Income 73 (53) (43) 203  
Gains (Losses) in OCI 0 0 0 0  
Purchases 81 23 248 371  
Sales (270) (66) (676) (919)  
Issuances 0 0 0 0  
Settlements (36) 111 (124) 488  
Gross Transfers into Level 3 0 20 139 87  
Gross Transfers out of Level 3 34 983 159 914  
Balance, ending (1,232) (570) (1,232) (570)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 52 (51) (110) (138)  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 391,400   391,400   $ 328,800
Derivative liabilities, gross 380,500   380,500   317,800
Trading account liabilities – Equity securities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (2)   0    
Total Realized/Unrealized Gains/(Losses) in Net Income 0   (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 0   (2)    
Trading account liabilities – Corporate securities and other          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (13) (35) (18) (24)  
Total Realized/Unrealized Gains/(Losses) in Net Income 1 9 8 11  
Gains (Losses) in OCI 0 0 0 0  
Purchases (1) 9 0 9  
Sales 0 0 (3) (11)  
Issuances 0 0 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) (17) (13) (17)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (1) (6) (1) (7)  
Accrued expenses and other liabilities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning       (8)  
Total Realized/Unrealized Gains/(Losses) in Net Income       0  
Gains (Losses) in OCI       0  
Purchases       0  
Sales       0  
Issuances       0  
Settlements       8  
Gross Transfers into Level 3       0  
Gross Transfers out of Level 3       0  
Balance, ending   0   0  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held       0  
Long-term debt          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (902) (1,225) (817) (1,863)  
Total Realized/Unrealized Gains/(Losses) in Net Income 16 11 (71) 97  
Gains (Losses) in OCI 1 (1) 0 2  
Purchases (27) 0 (27) 9  
Sales 0 0 0 0  
Issuances 0 (11) (13) (131)  
Settlements 49 106 125 429  
Gross Transfers into Level 3 (1) (106) (62) (253)  
Gross Transfers out of Level 3 0 303 1 787  
Balance, ending (864) (923) (864) (923)  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 16 13 (64) 87  
Level 3 | Recurring          
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 3,370 4,400 3,370 4,400 3,466
Derivative liabilities, gross 4,602 5,000 4,602 5,000 $ 4,401
Corporate securities, trading loans and other          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,393 1,638 1,558 1,864  
Total Realized/Unrealized Gains/(Losses) in Net Income 28 14 86 (14)  
Gains (Losses) in OCI 0 0 0 (1)  
Purchases 158 54 352 328  
Sales (153) (87) (305) (298)  
Issuances 0 0 0 0  
Settlements (143) (175) (349) (388)  
Gross Transfers into Level 3 356 269 602 517  
Gross Transfers out of Level 3 (48) (179) (353) (474)  
Balance, ending 1,591 1,534 1,591 1,534  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 0 (14) 33 (88)  
Equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 296 228 276 235  
Total Realized/Unrealized Gains/(Losses) in Net Income (8) 8 14 17  
Gains (Losses) in OCI 0 0 0 0  
Purchases 17 21 38 29  
Sales (81) 0 (87) (11)  
Issuances 0 0 0 0  
Settlements (1) 0 (4) (4)  
Gross Transfers into Level 3 66 43 69 73  
Gross Transfers out of Level 3 (10) (10) (27) (49)  
Balance, ending 279 290 279 290  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (31) 8 (14) 17  
Non-U.S. sovereign debt          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 481 368 465 556  
Total Realized/Unrealized Gains/(Losses) in Net Income 9 10 36 39  
Gains (Losses) in OCI (28) (13) (24) (55)  
Purchases 0 0 1 7  
Sales 0 0 0 (50)  
Issuances 0 0 0 0  
Settlements (36) 0 (47) (8)  
Gross Transfers into Level 3 39 109 39 117  
Gross Transfers out of Level 3 0 (5) (5) (137)  
Balance, ending 465 469 465 469  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 10 11 37 40  
Mortgage trading loans, ABS and other MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,389 1,523 1,635 1,498  
Total Realized/Unrealized Gains/(Losses) in Net Income (8) 16 80 157  
Gains (Losses) in OCI 0 (1) (2) 2  
Purchases 91 75 488 392  
Sales (156) (184) (817) (760)  
Issuances 0 0 0 0  
Settlements (48) (29) (172) (136)  
Gross Transfers into Level 3 316 191 583 541  
Gross Transfers out of Level 3 (21) (112) (232) (215)  
Balance, ending 1,563 1,479 1,563 1,479  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (24) 8 13 92  
Trading account assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 3,559 3,757 3,934 4,153  
Total Realized/Unrealized Gains/(Losses) in Net Income 21 48 216 199  
Gains (Losses) in OCI (28) (14) (26) (54)  
Purchases 266 150 879 756  
Sales (390) (271) (1,209) (1,119)  
Issuances 0 0 0 0  
Settlements (228) (204) (572) (536)  
Gross Transfers into Level 3 777 612 1,293 1,248  
Gross Transfers out of Level 3 (79) (306) (617) (875)  
Balance, ending 3,898 3,772 3,898 3,772  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (45) 13 69 61  
Non-agency residential MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 568 453 597 0  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 31 0 39  
Gains (Losses) in OCI (13) (28) 77 (42)  
Purchases 0 0 0 0  
Sales 0 (72) 0 (72)  
Issuances 0 0 0 0  
Settlements (8) 0 (29) 0  
Gross Transfers into Level 3 0 235 206 694  
Gross Transfers out of Level 3 (39) (75) (343) (75)  
Balance, ending 508 544 508 544  
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 3 2 25  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 0 0 0  
Gains (Losses) in OCI 0 0 0 (1)  
Purchases 0 0 0 0  
Sales 0 0 0 (10)  
Issuances 0 0 0 0  
Settlements 0 0 0 (14)  
Gross Transfers into Level 3 0 0 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 99 7 509  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 (1) 0 1  
Gains (Losses) in OCI 0 (3) 0 (5)  
Purchases 0 0 0 0  
Sales 0 (22) 0 (22)  
Issuances 0 0 0 0  
Settlements 0 0 (4) (10)  
Gross Transfers into Level 3 0 0 0 60  
Gross Transfers out of Level 3 0 (66) 0 (526)  
Balance, ending 3 7 3 7  
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   1   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   0   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 573 556 606 1,003  
Total Realized/Unrealized Gains/(Losses) in Net Income 0 30 0 40  
Gains (Losses) in OCI (13) (31) 77 (48)  
Purchases 0 0 0 0  
Sales 0 (94) 0 (104)  
Issuances 0 0 0 0  
Settlements (8) 0 (33) (24)  
Gross Transfers into Level 3 0 235 206 758  
Gross Transfers out of Level 3 (39) (141) (343) (1,070)  
Balance, ending 513 555 513 555  
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 273 287 172 0  
Total Realized/Unrealized Gains/(Losses) in Net Income (8) (23) 41 (27)  
Gains (Losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 (7)  
Issuances 0 0 0 0  
Settlements (5) 0 (13) 0  
Gross Transfers into Level 3 48 60 155 358  
Gross Transfers out of Level 3 0 (28) (47) (28)  
Balance, ending 308 296 308 296  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (8) (10) 38 (5)  
Loans and leases          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 355 493 338 571  
Total Realized/Unrealized Gains/(Losses) in Net Income 8 0 12 (20)  
Gains (Losses) in OCI 0 0 0 0  
Purchases 27 0 27 0  
Sales (17) (62) (32) (71)  
Issuances 44 0 97 0  
Settlements (16) (21) (41) (70)  
Gross Transfers into Level 3 0 0 0 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 401 410 401 410  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held 8 (1) 11 (17)  
Loans held-for-sale          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 486 577 542 690  
Total Realized/Unrealized Gains/(Losses) in Net Income 5 12 43 24  
Gains (Losses) in OCI (11) (4) (11) (31)  
Purchases 2 39 12 51  
Sales 0 0 (71) 0  
Issuances 0 0 11 0  
Settlements (96) (82) (199) (160)  
Gross Transfers into Level 3 0 12 59 12  
Gross Transfers out of Level 3 0 (28) 0 (60)  
Balance, ending 386 526 386 526  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held (7) 9 13 18  
Other assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 2,551 3,184 2,932 2,425  
Total Realized/Unrealized Gains/(Losses) in Net Income (40) 121 (194) 389  
Gains (Losses) in OCI (5) 0 11 0  
Purchases 0 0 0 2  
Sales 0 (22) (10) (68)  
Issuances 53 31 161 83  
Settlements (163) (174) (504) (585)  
Gross Transfers into Level 3 4 0 4 929  
Gross Transfers out of Level 3 0 0 0 (35)  
Balance, ending 2,400 3,140 2,400 3,140  
Change in Unrealized Gains/(Losses) In Net Income Related to Financial Instruments Still Held $ (82) $ 55 $ (342) $ 188