Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements - Recurring Fair Value (Details)

v3.20.4
Fair Value Measurements - Recurring Fair Value (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets      
Federal funds sold and securities borrowed or purchased under agreements to resell $ 108,856 $ 50,364  
Trading account assets 198,854 229,826  
Derivative assets, gross 434,600 344,800  
Derivative assets 47,179 40,485  
Total available-for-sale debt securities 234,491 245,639  
Other debt securities carried at fair value 12,110 10,828  
Loans and leases 6,681 8,335  
Loans held-for-sale 1,585 3,709  
Other assets 15,718 15,518  
Liabilities      
Interest-bearing deposits in U.S. offices 481 508  
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value 135,391 16,008  
Derivative liabilities, gross 434,000 337,100  
Derivative liabilities 45,526 38,229  
Short-term borrowings 5,874 3,941  
Long-term debt 32,200 34,975  
U.S. Treasury and agency securities      
Assets      
Total available-for-sale debt securities 116,380 68,528  
Agency      
Assets      
Total available-for-sale debt securities 61,849 122,528  
Agency-collateralized mortgage obligations      
Assets      
Total available-for-sale debt securities 5,260 4,641  
Non-agency residential      
Assets      
Total available-for-sale debt securities 1,009 1,077  
Commercial      
Assets      
Total available-for-sale debt securities 16,491 15,021  
Other taxable securities      
Assets      
Total available-for-sale debt securities 2,711 3,941  
Tax-exempt securities      
Assets      
Total available-for-sale debt securities 16,774 17,912  
Recurring      
Assets      
Time deposits placed and other short-term investments 1,649 1,000  
Federal funds sold and securities borrowed or purchased under agreements to resell 108,856 50,364  
Trading account assets 198,854 229,826  
Netting adjustments (387,371) (304,262)  
Derivative assets 47,179 40,485  
Total available-for-sale debt securities 234,491 245,639  
Other debt securities carried at fair value 12,110 10,828  
Loans and leases 6,681 8,335  
Loans held-for-sale 1,585 3,709  
Other assets 15,718 15,518  
Total assets 627,123 605,704  
Liabilities      
Interest-bearing deposits in U.S. offices 481 508  
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value 135,391 16,008  
Total trading account liabilities 71,320 83,270  
Netting adjustment (388,481) (298,918)  
Derivative liabilities 45,526 38,229  
Short-term borrowings 5,874 3,941  
Accrued expenses and other liabilities 16,311 15,434  
Long-term debt 32,200 34,975  
Total liabilities 307,103 192,365  
Mortgage servicing rights $ 1,000 $ 1,500  
Level 3 recurring assets, as a percent of total assets 0.35% 0.42%  
Level 3 recurring liabilities, as a percent of total liabilities 0.29% 0.27%  
Recurring | U.S. Treasury and agency securities      
Assets      
Trading account assets $ 48,270 $ 53,674  
Liabilities      
Total trading account liabilities 9,564 13,422  
Recurring | Corporate securities, trading loans and other      
Assets      
Trading account assets 24,176 26,733  
Liabilities      
Total trading account liabilities 5,436 5,493  
Recurring | Equity securities      
Assets      
Trading account assets 67,971 86,455  
Liabilities      
Total trading account liabilities 42,424 42,294  
Recurring | Non-U.S. sovereign debt      
Assets      
Trading account assets 26,991 28,301  
Liabilities      
Total trading account liabilities 13,896 22,061  
Recurring | U.S. government-sponsored agency guaranteed      
Assets      
Trading account assets 21,641 24,324  
Recurring | Mortgage trading loans, ABS and other MBS      
Assets      
Trading account assets 9,805 10,339  
Recurring | U.S. Treasury and agency securities      
Assets      
Total available-for-sale debt securities 116,380 68,528  
Other debt securities carried at fair value 93 3  
Recurring | Agency      
Assets      
Total available-for-sale debt securities 61,849 122,528  
Other debt securities carried at fair value   3,003  
Recurring | Agency-collateralized mortgage obligations      
Assets      
Total available-for-sale debt securities 5,260 4,641  
Recurring | Non-agency residential      
Assets      
Total available-for-sale debt securities 1,009 1,077  
Other debt securities carried at fair value 773 1,334  
Recurring | Commercial      
Assets      
Total available-for-sale debt securities 16,491 15,021  
Recurring | Non-U.S. securities      
Assets      
Total available-for-sale debt securities 14,017 11,991  
Recurring | Other taxable securities      
Assets      
Total available-for-sale debt securities 2,711 3,941  
Recurring | Tax-exempt securities      
Assets      
Total available-for-sale debt securities 16,774 17,912  
Recurring | Non-U.S. and other securities      
Assets      
Other debt securities carried at fair value 11,244 6,488  
Recurring | US Government-sponsored enterprises debt securities      
Assets      
Trading account assets 22,200 26,700  
Recurring | Securities gegregated for compliance or deposited with clearing organizations      
Assets      
Trading account assets 16,800 14,700  
Recurring | Commodities Investment      
Assets      
Trading account assets 576    
Recurring | Level 1      
Assets      
Time deposits placed and other short-term investments 1,649 1,000  
Federal funds sold and securities borrowed or purchased under agreements to resell 0 0  
Trading account assets 87,344 107,079  
Derivative assets, gross 15,624 14,079  
Total available-for-sale debt securities 115,266 67,332  
Other debt securities carried at fair value 2,712 403  
Loans and leases 0 0  
Loans held-for-sale 0 0  
Other assets 9,898 11,782  
Total assets 232,493 201,675  
Liabilities      
Interest-bearing deposits in U.S. offices 0 0  
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value 0 0  
Total trading account liabilities 53,467 62,039  
Derivative liabilities, gross 14,907 11,904  
Short-term borrowings 0 0  
Accrued expenses and other liabilities 12,297 13,927  
Long-term debt 0 0  
Total liabilities 80,671 87,870  
Recurring | Level 1 | U.S. Treasury and agency securities      
Assets      
Trading account assets 45,219 49,517  
Liabilities      
Total trading account liabilities 9,425 13,140  
Recurring | Level 1 | Corporate securities, trading loans and other      
Assets      
Trading account assets 0 0  
Liabilities      
Total trading account liabilities 0 0  
Recurring | Level 1 | Equity securities      
Assets      
Trading account assets 36,372 53,597  
Liabilities      
Total trading account liabilities 38,189 38,148  
Recurring | Level 1 | Non-U.S. sovereign debt      
Assets      
Trading account assets 5,753 3,965  
Liabilities      
Total trading account liabilities 5,853 10,751  
Recurring | Level 1 | U.S. government-sponsored agency guaranteed      
Assets      
Trading account assets 0 0  
Recurring | Level 1 | Mortgage trading loans, ABS and other MBS      
Assets      
Trading account assets 0 0  
Recurring | Level 1 | U.S. Treasury and agency securities      
Assets      
Total available-for-sale debt securities 115,266 67,332  
Other debt securities carried at fair value 93 3  
Recurring | Level 1 | Agency      
Assets      
Total available-for-sale debt securities 0 0  
Other debt securities carried at fair value   0  
Recurring | Level 1 | Agency-collateralized mortgage obligations      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 1 | Non-agency residential      
Assets      
Total available-for-sale debt securities 0 0  
Other debt securities carried at fair value 0 0  
Recurring | Level 1 | Commercial      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 1 | Non-U.S. securities      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 1 | Other taxable securities      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 1 | Tax-exempt securities      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 1 | Non-U.S. and other securities      
Assets      
Other debt securities carried at fair value 2,619 400  
Recurring | Level 2      
Assets      
Time deposits placed and other short-term investments 0 0  
Federal funds sold and securities borrowed or purchased under agreements to resell 108,856 50,364  
Trading account assets 108,130 118,966  
Derivative assets, gross 416,175 328,442  
Total available-for-sale debt securities 118,582 177,708  
Other debt securities carried at fair value 9,131 10,126  
Loans and leases 5,964 7,642  
Loans held-for-sale 1,349 3,334  
Other assets 3,850 1,376  
Total assets 772,037 697,958  
Liabilities      
Interest-bearing deposits in U.S. offices 481 508  
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value 135,391 16,008  
Total trading account liabilities 17,837 21,214  
Derivative liabilities, gross 412,881 320,479  
Short-term borrowings 5,874 3,941  
Accrued expenses and other liabilities 4,014 1,507  
Long-term debt 31,036 33,826  
Total liabilities 607,514 397,483  
Recurring | Level 2 | U.S. Treasury and agency securities      
Assets      
Trading account assets 3,051 4,157  
Liabilities      
Total trading account liabilities 139 282  
Recurring | Level 2 | Corporate securities, trading loans and other      
Assets      
Trading account assets 22,817 25,226  
Liabilities      
Total trading account liabilities 5,420 5,478  
Recurring | Level 2 | Equity securities      
Assets      
Trading account assets 31,372 32,619  
Liabilities      
Total trading account liabilities 4,235 4,144  
Recurring | Level 2 | Non-U.S. sovereign debt      
Assets      
Trading account assets 20,884 23,854  
Liabilities      
Total trading account liabilities 8,043 11,310  
Recurring | Level 2 | U.S. government-sponsored agency guaranteed      
Assets      
Trading account assets 21,566 24,324  
Recurring | Level 2 | Mortgage trading loans, ABS and other MBS      
Assets      
Trading account assets 8,440 8,786  
Recurring | Level 2 | U.S. Treasury and agency securities      
Assets      
Total available-for-sale debt securities 1,114 1,196  
Other debt securities carried at fair value 0 0  
Recurring | Level 2 | Agency      
Assets      
Total available-for-sale debt securities 61,849 122,528  
Other debt securities carried at fair value   3,003  
Recurring | Level 2 | Agency-collateralized mortgage obligations      
Assets      
Total available-for-sale debt securities 5,260 4,641  
Recurring | Level 2 | Non-agency residential      
Assets      
Total available-for-sale debt securities 631 653  
Other debt securities carried at fair value 506 1,035  
Recurring | Level 2 | Commercial      
Assets      
Total available-for-sale debt securities 16,491 15,021  
Recurring | Level 2 | Non-U.S. securities      
Assets      
Total available-for-sale debt securities 13,999 11,989  
Recurring | Level 2 | Other taxable securities      
Assets      
Total available-for-sale debt securities 2,640 3,876  
Recurring | Level 2 | Tax-exempt securities      
Assets      
Total available-for-sale debt securities 16,598 17,804  
Recurring | Level 2 | Non-U.S. and other securities      
Assets      
Other debt securities carried at fair value 8,625 6,088  
Recurring | Level 3      
Assets      
Time deposits placed and other short-term investments 0 0  
Federal funds sold and securities borrowed or purchased under agreements to resell 0 0  
Trading account assets 3,380 3,781  
Derivative assets, gross 2,751 2,226 $ 3,500
Total available-for-sale debt securities 643 599  
Other debt securities carried at fair value 267 299  
Loans and leases 717 693  
Loans held-for-sale 236 375  
Other assets 1,970 2,360  
Total assets 9,964 10,333  
Liabilities      
Interest-bearing deposits in U.S. offices 0 0  
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value 0 0  
Total trading account liabilities 16 17  
Derivative liabilities, gross 6,219 4,764 $ 4,400
Short-term borrowings 0 0  
Accrued expenses and other liabilities 0 0  
Long-term debt 1,164 1,149  
Total liabilities 7,399 5,930  
Mortgage servicing rights 1,033 1,545  
Recurring | Level 3 | U.S. Treasury and agency securities      
Assets      
Trading account assets 0 0  
Liabilities      
Total trading account liabilities 0 0  
Recurring | Level 3 | Corporate securities, trading loans and other      
Assets      
Trading account assets 1,359 1,507  
Liabilities      
Total trading account liabilities 16 15  
Recurring | Level 3 | Equity securities      
Assets      
Trading account assets 227 239  
Liabilities      
Total trading account liabilities 0 2  
Recurring | Level 3 | Non-U.S. sovereign debt      
Assets      
Trading account assets 354 482  
Liabilities      
Total trading account liabilities 0 0  
Recurring | Level 3 | U.S. government-sponsored agency guaranteed      
Assets      
Trading account assets 75 0  
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS      
Assets      
Trading account assets 1,365 1,553  
Recurring | Level 3 | U.S. Treasury and agency securities      
Assets      
Total available-for-sale debt securities 0 0  
Other debt securities carried at fair value 0 0  
Recurring | Level 3 | Agency      
Assets      
Total available-for-sale debt securities 0 0  
Other debt securities carried at fair value   0  
Recurring | Level 3 | Agency-collateralized mortgage obligations      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 3 | Non-agency residential      
Assets      
Total available-for-sale debt securities 378 424  
Other debt securities carried at fair value 267 299  
Recurring | Level 3 | Commercial      
Assets      
Total available-for-sale debt securities 0 0  
Recurring | Level 3 | Non-U.S. securities      
Assets      
Total available-for-sale debt securities 18 2  
Recurring | Level 3 | Other taxable securities      
Assets      
Total available-for-sale debt securities 71 65  
Recurring | Level 3 | Tax-exempt securities      
Assets      
Total available-for-sale debt securities 176 108  
Recurring | Level 3 | Non-U.S. and other securities      
Assets      
Other debt securities carried at fair value $ 0 $ 0