Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.23.1
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI $ 50 $ 81  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]      
Balance, beginning (2,893) (2,662)  
Total realized and unrealized gains (losses) included in Net Income 69 617  
Gains (losses) in OCI 0 0  
Purchases 249 58  
Sales (268) (185)  
Issuances 0 0  
Settlements (315) 107  
Gross Transfers into Level 3  321 (143)  
Gross Transfers out of Level 3  58 74  
Balance, ending (2,779) (2,134)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 154 643  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 50 81  
Derivative assets 360,700   $ 398,300
Derivative liabilities 363,900   398,500
Level 3 | Recurring      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Derivative assets 3,555 3,700 3,213
Derivative liabilities 6,334 5,900 $ 6,106
Trading account liabilities – Corporate securities and other      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (58) (11)  
Total realized and unrealized gains (losses) included in Net Income 0 0  
Gains (losses) in OCI 0 0  
Purchases 0 0  
Sales (2) 0  
Issuances (1) 0  
Settlements 0 0  
Gross Transfers into Level 3  (4) 0  
Gross Transfers out of Level 3  1 0  
Balance, ending (64) (11)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 1  
Short-term borrowings      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (14)    
Total realized and unrealized gains (losses) included in Net Income 0    
Gains (losses) in OCI 0    
Purchases 0    
Sales (3)    
Issuances (1)    
Settlements 9    
Gross Transfers into Level 3  0    
Gross Transfers out of Level 3  0    
Balance, ending (9)    
Change in unrealized gains/(losses) In net income related to financial instruments still held 0    
Accrued expenses and other liabilities      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (32) 0  
Total realized and unrealized gains (losses) included in Net Income 24 (50)  
Gains (losses) in OCI 0 0  
Purchases (12) 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 (20) (50)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 24 (31)  
Long-term debt      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (862) (1,075)  
Total realized and unrealized gains (losses) included in Net Income 87 (109)  
Gains (losses) in OCI (6) 33  
Purchases (9) 0  
Sales 0 0  
Issuances 0 0  
Settlements 11 4  
Gross Transfers into Level 3  0 (6)  
Gross Transfers out of Level 3  7 276  
Balance, ending (772) (877)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 87 (111)  
Total trading account assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 4,599 4,223  
Total realized and unrealized gains (losses) included in Net Income 40 (58)  
Gains (losses) in OCI 17 53  
Purchases 209 159  
Sales (288) (314)  
Issuances 14 0  
Settlements (276) (58)  
Gross Transfers into Level 3  312 672  
Gross Transfers out of Level 3  (252) (194)  
Balance, ending 4,375 4,483  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 (38)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 17 53  
Corporate securities, trading loans and other      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 2,384 2,110  
Total realized and unrealized gains (losses) included in Net Income 27 (2)  
Gains (losses) in OCI 1 0  
Purchases 126 12  
Sales (120) (153)  
Issuances 14 0  
Settlements (144) (18)  
Gross Transfers into Level 3  148 368  
Gross Transfers out of Level 3  (114) (128)  
Balance, ending 2,322 2,189  
Change in unrealized gains/(losses) In net income related to financial instruments still held 3 (21)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 1 0  
Equity securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 145 190  
Total realized and unrealized gains (losses) included in Net Income (4) 16  
Gains (losses) in OCI 0 0  
Purchases 6 16  
Sales (12) (6)  
Issuances 0 0  
Settlements 0 (4)  
Gross Transfers into Level 3  77 8  
Gross Transfers out of Level 3  0 (37)  
Balance, ending 212 183  
Change in unrealized gains/(losses) In net income related to financial instruments still held (4) 13  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Non-U.S. sovereign debt      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 518 396  
Total realized and unrealized gains (losses) included in Net Income 26 20  
Gains (losses) in OCI 16 53  
Purchases 3 2  
Sales (6) 0  
Issuances 0 0  
Settlements (16) (15)  
Gross Transfers into Level 3  0 45  
Gross Transfers out of Level 3  0 (5)  
Balance, ending 541 496  
Change in unrealized gains/(losses) In net income related to financial instruments still held 26 17  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 16 53  
Mortgage trading loans, MBS and ABS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,552 1,527  
Total realized and unrealized gains (losses) included in Net Income (9) (92)  
Gains (losses) in OCI 0 0  
Purchases 74 129  
Sales (150) (155)  
Issuances 0 0  
Settlements (116) (21)  
Gross Transfers into Level 3  87 251  
Gross Transfers out of Level 3  (138) (24)  
Balance, ending 1,300 1,615  
Change in unrealized gains/(losses) In net income related to financial instruments still held (25) (47)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Total AFS debt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 504 439  
Total realized and unrealized gains (losses) included in Net Income 3 4  
Gains (losses) in OCI 37 (25)  
Purchases 0 0  
Sales 0 (8)  
Issuances 0 0  
Settlements (10) (44)  
Gross Transfers into Level 3  0 87  
Gross Transfers out of Level 3  (3) (2)  
Balance, ending 531 451  
Change in unrealized gains/(losses) In net income related to financial instruments still held 3 5  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 37 (25)  
Non-agency residential MBS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 258 316  
Total realized and unrealized gains (losses) included in Net Income 3 4  
Gains (losses) in OCI 34 (24)  
Purchases 0 0  
Sales 0 (8)  
Issuances 0 0  
Settlements (2) (44)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 293 244  
Change in unrealized gains/(losses) In net income related to financial instruments still held 3 5  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 34 (24)  
Non-U.S. and other taxable securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 195 71  
Total realized and unrealized gains (losses) included in Net Income 0 0  
Gains (losses) in OCI 3 (1)  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (8) 0  
Gross Transfers into Level 3  0 87  
Gross Transfers out of Level 3  (3) (2)  
Balance, ending 187 155  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 3 (1)  
Tax-exempt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 51 52  
Total realized and unrealized gains (losses) included 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 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 51 52  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 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 119 242  
Total realized and unrealized gains (losses) included in Net Income (2) (39)  
Gains (losses) in OCI 0 0  
Purchases 0 0  
Sales (19) 0  
Issuances 0 0  
Settlements (2) (65)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  (2) 0  
Balance, ending 94 138  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) (39)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Loans and leases      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 253 748  
Total realized and unrealized gains (losses) included in Net Income 2 (30)  
Gains (losses) in OCI 0 0  
Purchases 9 0  
Sales 0 (1)  
Issuances 0 0  
Settlements (37) (27)  
Gross Transfers into Level 3  16 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 243 690  
Change in unrealized gains/(losses) In net income related to financial instruments still held 2 (30)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Loans held-for-sale      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 232 317  
Total realized and unrealized gains (losses) included in Net Income 12 7  
Gains (losses) in OCI 2 12  
Purchases 0 104  
Sales (16) 0  
Issuances 0 0  
Settlements (24) (58)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 206 382  
Change in unrealized gains/(losses) In net income related to financial instruments still held 12 5  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 2 12  
Other assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,799 1,572  
Total realized and unrealized gains (losses) included in Net Income 10 144  
Gains (losses) in OCI 1 3  
Purchases 6 0  
Sales 0 1  
Issuances 27 40  
Settlements (76) (69)  
Gross Transfers into Level 3  2 4  
Gross Transfers out of Level 3  0 0  
Balance, ending 1,769 1,695  
Change in unrealized gains/(losses) In net income related to financial instruments still held (17) 132  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI $ 1 $ 3