Annual report pursuant to Section 13 and 15(d)

Fair Value Option - Elections (Details)

v3.20.4
Fair Value Option - Elections (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Federal funds sold and securities borrowed or purchased under agreements to resell    
Fair Value Carrying Amount    
Assets $ 108,856 $ 50,364
Contractual Principal Outstanding    
Assets 108,811 50,318
Fair Value Carrying Amount Less Unpaid Principal    
Assets 45 46
Loans reported as trading account assets    
Fair Value Carrying Amount    
Assets 7,967 6,989
Contractual Principal Outstanding    
Assets 17,372 14,703
Fair Value Carrying Amount Less Unpaid Principal    
Assets (9,405) (7,714)
Trading inventory – other    
Fair Value Carrying Amount    
Assets 22,790 19,574
Consumer and commercial loans    
Fair Value Carrying Amount    
Assets 6,681 8,335
Contractual Principal Outstanding    
Assets 6,778 8,372
Fair Value Carrying Amount Less Unpaid Principal    
Assets (97) (37)
Loans held-for-sale    
Fair Value Carrying Amount    
Assets 1,585 3,709
Contractual Principal Outstanding    
Assets 2,521 4,879
Fair Value Carrying Amount Less Unpaid Principal    
Assets (936) (1,170)
Other assets    
Fair Value Carrying Amount    
Assets 200 4
Long-term deposits    
Fair Value Carrying Amount    
Liabilities 481 508
Contractual Principal Outstanding    
Liabilities 448 496
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 33 12
Federal funds purchased and securities loaned or sold under agreements to repurchase    
Fair Value Carrying Amount    
Liabilities 135,391 16,008
Contractual Principal Outstanding    
Liabilities 135,390 16,029
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 1 (21)
Short-term borrowings    
Fair Value Carrying Amount    
Liabilities 5,874 3,941
Contractual Principal Outstanding    
Liabilities 5,178 3,930
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 696 11
Unfunded loan commitments    
Fair Value Carrying Amount    
Liabilities 99 90
Long-term debt    
Fair Value Carrying Amount    
Liabilities 32,200 34,975
Contractual Principal Outstanding    
Liabilities 33,470 35,730
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities $ (1,270) $ (755)