Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.20.2
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI $ (8) $ 53 $ (47) $ 47  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Balance, beginning (3,343) (1,114) (2,538) (935)  
Total realized and unrealized gains (losses) included in Net Income 228 73 111 (43)  
Gains (losses) in OCI 0 0 0 0  
Purchases 39 81 216 248  
Sales (177) (270) (558) (676)  
Issuances 0 0 0 0  
Settlements (58) (36) (224) (124)  
Gross Transfers into Level 3  3 0 (273) 139  
Gross Transfers out of Level 3  (223) 34 (265) 159  
Balance, ending (3,531) (1,232) (3,531) (1,232)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 196 52 (356) (110)  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 418,100   418,100   $ 344,800
Derivative liabilities, gross 413,100   413,100   337,100
Trading account liabilities – Equity securities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (1) (2) (2) 0  
Total realized and unrealized gains (losses) included in Net Income 0 0 1 (2)  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
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 (1) (2) (1) (2)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0 1 (2)  
Trading account liabilities – Corporate securities and other          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (16) (13) (15) (18)  
Total realized and unrealized gains (losses) included in Net Income 2 1 7 8  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 (1) (7) 0  
Sales (2) 0 (2) (3)  
Issuances 0 0 0 0  
Settlements 0 0 1 0  
Gross Transfers into Level 3  0 0 0 0  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending (16) (13) (16) (13)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 (1) 0 (1)  
Long-term debt          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (956) (902) (1,149) (817)  
Total realized and unrealized gains (losses) included in Net Income (50) 16 5 (71)  
Gains (losses) in OCI (10) 1 50 0  
Purchases 0 (27) 8 (27)  
Sales 0 0 0 0  
Issuances 0 0 (45) (13)  
Settlements 46 49 201 125  
Gross Transfers into Level 3  0 (1) (52) (62)  
Gross Transfers out of Level 3  0 0 12 1  
Balance, ending (970) (864) (970) (864)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (50) 16 (10) (64)  
Level 3 | Recurring          
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 2,498 3,400 2,498 3,400 2,226
Derivative liabilities, gross 6,029 4,600 6,029 4,600 $ 4,764
Corporate securities, trading loans and other          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,548 1,393 1,507 1,558  
Total realized and unrealized gains (losses) included in Net Income (20) 28 (150) 86  
Gains (losses) in OCI 0 0 (1) 0  
Purchases 0 158 280 352  
Sales (49) (153) (181) (305)  
Issuances 0 0 8 0  
Settlements (91) (143) (165) (349)  
Gross Transfers into Level 3  136 356 520 602  
Gross Transfers out of Level 3  (54) (48) (348) (353)  
Balance, ending 1,470 1,591 1,470 1,591  
Change in unrealized gains/(losses) In net income related to financial instruments still held (34) 0 (128) 33  
Equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 194 296 239 276  
Total realized and unrealized gains (losses) included in Net Income 8 (8) (17) 14  
Gains (losses) in OCI 0 0 0 0  
Purchases 4 17 33 38  
Sales (3) (81) (37) (87)  
Issuances 0 0 0 0  
Settlements 0 (1) 0 (4)  
Gross Transfers into Level 3  7 66 32 69  
Gross Transfers out of Level 3  (3) (10) (43) (27)  
Balance, ending 207 279 207 279  
Change in unrealized gains/(losses) In net income related to financial instruments still held 3 (31) (20) (14)  
Non-U.S. sovereign debt          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 248 481 482 465  
Total realized and unrealized gains (losses) included in Net Income 7 9 35 36  
Gains (losses) in OCI (6) (28) (69) (24)  
Purchases 1 0 76 1  
Sales (2) 0 (61) 0  
Issuances 0 0 0 0  
Settlements (1) (36) (20) (47)  
Gross Transfers into Level 3  83 39 100 39  
Gross Transfers out of Level 3  (40) 0 (253) (5)  
Balance, ending 290 465 290 465  
Change in unrealized gains/(losses) In net income related to financial instruments still held 6 10 33 37  
Mortgage trading loans, ABS and other MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,736 1,389 1,553 1,635  
Total realized and unrealized gains (losses) included in Net Income 2 (8) (145) 80  
Gains (losses) in OCI 0 0 (3) (2)  
Purchases 36 91 502 488  
Sales (108) (156) (582) (817)  
Issuances 11 0 11 0  
Settlements (12) (48) (52) (172)  
Gross Transfers into Level 3  167 316 659 583  
Gross Transfers out of Level 3  (62) (21) (173) (232)  
Balance, ending 1,770 1,563 1,770 1,563  
Change in unrealized gains/(losses) In net income related to financial instruments still held 10 (24) (135) 13  
Trading account assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 3,726 3,559 3,781 3,934  
Total realized and unrealized gains (losses) included in Net Income (3) 21 (277) 216  
Gains (losses) in OCI (6) (28) (73) (26)  
Purchases 41 266 891 879  
Sales (162) (390) (861) (1,209)  
Issuances 11 0 19 0  
Settlements (104) (228) (237) (572)  
Gross Transfers into Level 3  393 777 1,311 1,293  
Gross Transfers out of Level 3  (159) (79) (817) (617)  
Balance, ending 3,737 3,898 3,737 3,898  
Change in unrealized gains/(losses) In net income related to financial instruments still held (15) (45) (250) 69  
Non-agency residential MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 462 568 424 597  
Total realized and unrealized gains (losses) included in Net Income 0 0 (5) 0  
Gains (losses) in OCI 5 (13) (4) 77  
Purchases 0 0 23 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (10) (8) (32) (29)  
Gross Transfers into Level 3  25 0 158 206  
Gross Transfers out of Level 3  (42) (39) (124) (343)  
Balance, ending 440 508 440 508  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0 (5) 0  
Non-U.S. securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 5 2 2 2  
Total realized and unrealized gains (losses) included in Net Income 0 0 0 0  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 (1) 0  
Issuances 0 0 0 0  
Settlements (1) 0 (1) 0  
Gross Transfers into Level 3  10 0 14 0  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending 14 2 14 2  
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 65 3 65 7  
Total realized and unrealized gains (losses) included in Net Income 0 0 0 0  
Gains (losses) in OCI 0 0 0 0  
Purchases 3 0 6 0  
Sales 0 0 (4) 0  
Issuances 0 0 0 0  
Settlements 0 0 0 (4)  
Gross Transfers into Level 3  0 0 1 0  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending 68 3 68 3  
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 337   108    
Total realized and unrealized gains (losses) included in Net Income 15   (19)    
Gains (losses) in OCI 0   3    
Purchases 0   0    
Sales 0   0    
Issuances 0   0    
Settlements (167)   (167)    
Gross Transfers into Level 3  0   265    
Gross Transfers out of Level 3  (5)   (10)    
Balance, ending 180   180    
Change in unrealized gains/(losses) In net income related to financial instruments still held 15   (18)    
Available-for-sale Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 869 573 599 606  
Total realized and unrealized gains (losses) included in Net Income 15 0 (24) 0  
Gains (losses) in OCI 5 (13) (1) 77  
Purchases 3 0 29 0  
Sales 0 0 (5) 0  
Issuances 0 0 0 0  
Settlements (178) (8) (200) (33)  
Gross Transfers into Level 3  35 0 438 206  
Gross Transfers out of Level 3  (47) (39) (134) (343)  
Balance, ending 702 513 702 513  
Change in unrealized gains/(losses) In net income related to financial instruments still held 15 0 (23) 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 449 273 299 172  
Total realized and unrealized gains (losses) included in Net Income 18 (8) 12 41  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (11) (5) (19) (13)  
Gross Transfers into Level 3  2 48 178 155  
Gross Transfers out of Level 3  0 0 (12) (47)  
Balance, ending 458 308 458 308  
Change in unrealized gains/(losses) In net income related to financial instruments still held 17 (8) (12) 38  
Loans and leases          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 741 355 693 338  
Total realized and unrealized gains (losses) included in Net Income (2) 8 (74) 12  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 27 32 27  
Sales (25) (17) (26) (32)  
Issuances 0 44 22 97  
Settlements (89) (16) (120) (41)  
Gross Transfers into Level 3  0 0 98 0  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending 625 401 625 401  
Change in unrealized gains/(losses) In net income related to financial instruments still held (5) 8 (61) 11  
Loans held-for-sale          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 970 486 375 542  
Total realized and unrealized gains (losses) included in Net Income (7) 5 (7) 43  
Gains (losses) in OCI (2) (11) (35) (11)  
Purchases 0 2 0 12  
Sales (25) 0 (106) (71)  
Issuances 0 0 691 11  
Settlements (14) (96) (89) (199)  
Gross Transfers into Level 3  0 0 93 59  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending 922 386 922 386  
Change in unrealized gains/(losses) In net income related to financial instruments still held (10) (7) (19) 13  
Other assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,911 2,551 2,360 2,932  
Total realized and unrealized gains (losses) included in Net Income 25 (40) (294) (194)  
Gains (losses) in OCI 6 (5) (11) 11  
Purchases 0 0 0 0  
Sales 1 0 2 (10)  
Issuances 53 53 206 161  
Settlements (121) (163) (391) (504)  
Gross Transfers into Level 3  0 4 5 4  
Gross Transfers out of Level 3  0 0 (2) 0  
Balance, ending 1,875 2,400 1,875 2,400  
Change in unrealized gains/(losses) In net income related to financial instruments still held $ 4 $ (82) $ (373) $ (342)