Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
$ (324)
|
$ 28
|
$ (19)
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
| Balance, beginning |
(2,893)
|
(2,662)
|
(3,468)
|
| Total realized and unrealized gains (losses) included in Net Income |
179
|
551
|
927
|
| Gains (losses) in OCI |
(375)
|
0
|
0
|
| Purchases |
1,318
|
319
|
521
|
| Sales |
(1,281)
|
(830)
|
(653)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(1,575)
|
294
|
293
|
| Gross Transfers into Level 3 |
(8)
|
(180)
|
(74)
|
| Gross Transfers out of Level 3 |
2,141
|
(385)
|
(208)
|
| Balance, ending |
(2,494)
|
(2,893)
|
(2,662)
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
$ (857)
|
$ 259
|
$ 800
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income, Market making and similar activities
|
Other income, Market making and similar activities
|
Other income, Market making and similar activities
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income, Market making and similar activities
|
Other income, Market making and similar activities
|
Other income, Market making and similar activities
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
| Gains (losses) in OCI |
$ (324)
|
$ 28
|
$ (19)
|
| Derivative assets |
290,300
|
398,300
|
|
| Derivative liabilities |
301,200
|
398,500
|
|
| Level 3 | Recurring |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Derivative assets |
3,422
|
3,213
|
3,100
|
| Derivative liabilities |
5,916
|
6,106
|
5,800
|
| Trading account liabilities – Equity securities |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
0
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
|
|
| Gains (losses) in OCI |
0
|
|
|
| Purchases |
0
|
|
|
| Sales |
0
|
|
|
| Issuances |
0
|
|
|
| Settlements |
2
|
|
|
| Gross Transfers into Level 3 |
(15)
|
|
|
| Gross Transfers out of Level 3 |
0
|
|
|
| Balance, ending |
(12)
|
0
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
1
|
|
|
| Trading account liabilities – Corporate securities and other |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(58)
|
(11)
|
(16)
|
| Total realized and unrealized gains (losses) included in Net Income |
(3)
|
5
|
6
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Purchases |
(3)
|
(4)
|
0
|
| Sales |
(1)
|
0
|
0
|
| Issuances |
(1)
|
0
|
(1)
|
| Settlements |
24
|
(2)
|
0
|
| Gross Transfers into Level 3 |
(35)
|
(46)
|
0
|
| Gross Transfers out of Level 3 |
38
|
0
|
0
|
| Balance, ending |
(39)
|
(58)
|
(11)
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(9)
|
1
|
0
|
| Short-term borrowings |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(14)
|
0
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
3
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
0
|
0
|
|
| Sales |
(13)
|
(17)
|
|
| Issuances |
(8)
|
0
|
|
| Settlements |
24
|
0
|
|
| Gross Transfers into Level 3 |
0
|
(3)
|
|
| Gross Transfers out of Level 3 |
0
|
3
|
|
| Balance, ending |
(10)
|
(14)
|
0
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(1)
|
2
|
|
| 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 |
21
|
(23)
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
(11)
|
(9)
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
1
|
0
|
|
| Balance, ending |
(21)
|
(32)
|
0
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
4
|
(7)
|
|
| Long-term debt |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(862)
|
(1,075)
|
(1,164)
|
| Total realized and unrealized gains (losses) included in Net Income |
179
|
(197)
|
(92)
|
| Gains (losses) in OCI |
(26)
|
82
|
13
|
| Purchases |
(9)
|
0
|
(6)
|
| Sales |
50
|
14
|
15
|
| Issuances |
0
|
(1)
|
(12)
|
| Settlements |
47
|
57
|
98
|
| Gross Transfers into Level 3 |
0
|
(24)
|
(65)
|
| Gross Transfers out of Level 3 |
7
|
282
|
138
|
| Balance, ending |
(614)
|
(862)
|
(1,075)
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
183
|
(200)
|
(113)
|
| Federal funds sold and securities borrowed or purchased under agreements to resell |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
0
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
|
|
| Gains (losses) in OCI |
0
|
|
|
| Purchases |
0
|
|
|
| Sales |
0
|
|
|
| Issuances |
0
|
|
|
| Settlements |
0
|
|
|
| Gross Transfers into Level 3 |
7
|
|
|
| Gross Transfers out of Level 3 |
(7)
|
|
|
| Balance, ending |
0
|
0
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
|
|
| Total trading account assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
4,599
|
4,223
|
3,380
|
| Total realized and unrealized gains (losses) included in Net Income |
206
|
(250)
|
(62)
|
| Gains (losses) in OCI |
32
|
14
|
(20)
|
| Purchases |
819
|
1,897
|
1,404
|
| Sales |
(733)
|
(1,078)
|
(1,226)
|
| Issuances |
20
|
0
|
7
|
| Settlements |
(1,590)
|
(790)
|
(507)
|
| Gross Transfers into Level 3 |
974
|
1,672
|
2,127
|
| Gross Transfers out of Level 3 |
(838)
|
(1,089)
|
(880)
|
| Balance, ending |
3,489
|
4,599
|
4,223
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
44
|
(180)
|
(180)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
32
|
14
|
(20)
|
| 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
|
1,359
|
| Total realized and unrealized gains (losses) included in Net Income |
144
|
(52)
|
(17)
|
| Gains (losses) in OCI |
2
|
(2)
|
0
|
| Purchases |
453
|
1,069
|
765
|
| Sales |
(241)
|
(384)
|
(437)
|
| Issuances |
20
|
0
|
0
|
| Settlements |
(1,029)
|
(606)
|
(327)
|
| Gross Transfers into Level 3 |
385
|
1,023
|
1,218
|
| Gross Transfers out of Level 3 |
(429)
|
(774)
|
(451)
|
| Balance, ending |
1,689
|
2,384
|
2,110
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
50
|
(78)
|
(79)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
2
|
(2)
|
0
|
| Equity securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
145
|
190
|
227
|
| Total realized and unrealized gains (losses) included in Net Income |
44
|
(3)
|
(18)
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Purchases |
39
|
45
|
103
|
| Sales |
(52)
|
(25)
|
(68)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(61)
|
(4)
|
0
|
| Gross Transfers into Level 3 |
153
|
38
|
112
|
| Gross Transfers out of Level 3 |
(81)
|
(96)
|
(166)
|
| Balance, ending |
187
|
145
|
190
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(5)
|
(6)
|
(44)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Non-U.S. sovereign debt |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
518
|
396
|
354
|
| Total realized and unrealized gains (losses) included in Net Income |
68
|
59
|
31
|
| Gains (losses) in OCI |
30
|
16
|
(20)
|
| Purchases |
64
|
54
|
18
|
| Sales |
(23)
|
(4)
|
0
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(259)
|
(68)
|
(13)
|
| Gross Transfers into Level 3 |
0
|
75
|
26
|
| Gross Transfers out of Level 3 |
(2)
|
(10)
|
0
|
| Balance, ending |
396
|
518
|
396
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
70
|
56
|
34
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
30
|
16
|
(20)
|
| 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
|
1,440
|
| Total realized and unrealized gains (losses) included in Net Income |
(50)
|
(254)
|
(58)
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Purchases |
263
|
729
|
518
|
| Sales |
(417)
|
(665)
|
(721)
|
| Issuances |
0
|
0
|
7
|
| Settlements |
(241)
|
(112)
|
(167)
|
| Gross Transfers into Level 3 |
436
|
536
|
771
|
| Gross Transfers out of Level 3 |
(326)
|
(209)
|
(263)
|
| Balance, ending |
1,217
|
1,552
|
1,527
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(71)
|
(152)
|
(91)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Total AFS debt securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
504
|
439
|
643
|
| Total realized and unrealized gains (losses) included in Net Income |
12
|
10
|
5
|
| Gains (losses) in OCI |
30
|
(44)
|
(118)
|
| Purchases |
0
|
126
|
8
|
| Sales |
0
|
(8)
|
(108)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(167)
|
(100)
|
(51)
|
| Gross Transfers into Level 3 |
4
|
385
|
304
|
| Gross Transfers out of Level 3 |
(7)
|
(304)
|
(244)
|
| Balance, ending |
376
|
504
|
439
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
4
|
1
|
(11)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
30
|
(44)
|
(118)
|
| Non-agency residential MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
258
|
316
|
378
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
0
|
(11)
|
| Gains (losses) in OCI |
23
|
(35)
|
(111)
|
| Purchases |
0
|
0
|
0
|
| Sales |
0
|
(8)
|
(98)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(9)
|
(75)
|
(45)
|
| Gross Transfers into Level 3 |
0
|
73
|
304
|
| Gross Transfers out of Level 3 |
0
|
(13)
|
(101)
|
| Balance, ending |
273
|
258
|
316
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
2
|
0
|
8
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
23
|
(35)
|
(111)
|
| Non-U.S. and other taxable securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
195
|
71
|
89
|
| Total realized and unrealized gains (losses) included in Net Income |
10
|
10
|
(4)
|
| Gains (losses) in OCI |
7
|
(10)
|
(7)
|
| Purchases |
0
|
126
|
8
|
| Sales |
0
|
0
|
(10)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(106)
|
(22)
|
(4)
|
| Gross Transfers into Level 3 |
4
|
311
|
0
|
| Gross Transfers out of Level 3 |
(7)
|
(291)
|
(1)
|
| Balance, ending |
103
|
195
|
71
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
2
|
1
|
0
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
7
|
(10)
|
(7)
|
| Tax-exempt securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
51
|
52
|
176
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
0
|
20
|
| Gains (losses) in OCI |
0
|
1
|
0
|
| Purchases |
0
|
0
|
0
|
| Sales |
0
|
0
|
0
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(52)
|
(3)
|
(2)
|
| Gross Transfers into Level 3 |
0
|
1
|
0
|
| Gross Transfers out of Level 3 |
0
|
0
|
(142)
|
| Balance, ending |
0
|
51
|
52
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
(19)
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
1
|
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
|
267
|
| Total realized and unrealized gains (losses) included in Net Income |
(4)
|
(19)
|
1
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Purchases |
0
|
0
|
0
|
| Sales |
(19)
|
0
|
(45)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(6)
|
(111)
|
(37)
|
| Gross Transfers into Level 3 |
0
|
30
|
101
|
| Gross Transfers out of Level 3 |
(21)
|
(23)
|
(45)
|
| Balance, ending |
69
|
119
|
242
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(3)
|
14
|
10
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Loans and leases |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
253
|
748
|
717
|
| Total realized and unrealized gains (losses) included in Net Income |
(9)
|
(45)
|
62
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Purchases |
9
|
0
|
59
|
| Sales |
(54)
|
(154)
|
(13)
|
| Issuances |
0
|
82
|
70
|
| Settlements |
(100)
|
(129)
|
(180)
|
| Gross Transfers into Level 3 |
16
|
0
|
46
|
| Gross Transfers out of Level 3 |
(22)
|
(249)
|
(13)
|
| Balance, ending |
93
|
253
|
748
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(13)
|
(21)
|
65
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
| Loans held-for-sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
232
|
317
|
236
|
| Total realized and unrealized gains (losses) included in Net Income |
24
|
9
|
13
|
| Gains (losses) in OCI |
3
|
4
|
(6)
|
| Purchases |
0
|
171
|
132
|
| Sales |
(25)
|
(6)
|
(1)
|
| Issuances |
0
|
0
|
0
|
| Settlements |
(70)
|
(271)
|
(79)
|
| Gross Transfers into Level 3 |
0
|
8
|
26
|
| Gross Transfers out of Level 3 |
0
|
0
|
(4)
|
| Balance, ending |
164
|
232
|
317
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
13
|
19
|
18
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
3
|
4
|
(6)
|
| Other assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
1,799
|
1,572
|
1,970
|
| Total realized and unrealized gains (losses) included in Net Income |
211
|
305
|
7
|
| Gains (losses) in OCI |
10
|
(21)
|
3
|
| Purchases |
176
|
39
|
26
|
| Sales |
(326)
|
(35)
|
(202)
|
| Issuances |
104
|
208
|
144
|
| Settlements |
(319)
|
(271)
|
(383)
|
| Gross Transfers into Level 3 |
2
|
5
|
9
|
| Gross Transfers out of Level 3 |
0
|
(3)
|
(2)
|
| Balance, ending |
1,657
|
1,799
|
1,572
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
74
|
213
|
3
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
$ 10
|
$ (21)
|
$ 3
|