Quarterly report pursuant to Section 13 or 15(d)

Derivatives - Credit Derivatives (Details)

v3.19.1
Derivatives - Credit Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Carrying Value of Credit Derivatives    
Total $ 318,200 $ 317,800
Carrying Value of Credit-related Notes    
Less than One Year 1 1
One to Three Years 3 1
Three to Five Years 1 5
Over Five Years 2,144 2,032
Total 2,149 2,039
Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 174 134
One to Three Years 493 680
Three to Five Years 945 1,350
Over Five Years 1,816 2,179
Total 3,428 4,343
Maximum Payout/Notional    
Less than One Year 74,086 78,055
One to Three Years 126,652 129,580
Three to Five Years 159,923 129,804
Over Five Years 21,945 34,480
Total 382,606 371,919
Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 340 577
One to Three Years 17 21
Three to Five Years 0 0
Over Five Years 0 0
Total 357 598
Maximum Payout/Notional    
Less than One Year 72,236 84,566
One to Three Years 866 2,471
Three to Five Years 99 98
Over Five Years 138 142
Total 73,339 87,277
Credit derivatives | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 514 711
One to Three Years 510 701
Three to Five Years 945 1,350
Over Five Years 1,816 2,179
Total 3,785 4,941
Maximum Payout/Notional    
Less than One Year 146,322 162,621
One to Three Years 127,518 132,051
Three to Five Years 160,022 129,902
Over Five Years 22,083 34,622
Total 455,945 459,196
Investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 0 0
One to Three Years 3 0
Three to Five Years 0 4
Over Five Years 575 532
Total 578 536
Investment grade | Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 0 2
One to Three Years 7 44
Three to Five Years 188 436
Over Five Years 505 488
Total 700 970
Maximum Payout/Notional    
Less than One Year 52,444 53,758
One to Three Years 95,398 95,699
Three to Five Years 118,377 95,274
Over Five Years 10,881 20,054
Total 277,100 264,785
Investment grade | Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 35 105
One to Three Years 0 0
Three to Five Years 0 0
Over Five Years 0 0
Total 35 105
Maximum Payout/Notional    
Less than One Year 54,991 60,042
One to Three Years 430 822
Three to Five Years 60 59
Over Five Years 73 72
Total 55,554 60,995
Non-investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 1 1
One to Three Years 0 1
Three to Five Years 1 1
Over Five Years 1,569 1,500
Total 1,571 1,503
Non-investment grade | Credit Default Swap | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 174 132
One to Three Years 486 636
Three to Five Years 757 914
Over Five Years 1,311 1,691
Total 2,728 3,373
Maximum Payout/Notional    
Less than One Year 21,642 24,297
One to Three Years 31,254 33,881
Three to Five Years 41,546 34,530
Over Five Years 11,064 14,426
Total 105,506 107,134
Non-investment grade | Total return swaps/options | Written credit derivatives    
Carrying Value of Credit Derivatives    
Less than One Year 305 472
One to Three Years 17 21
Three to Five Years 0 0
Over Five Years 0 0
Total 322 493
Maximum Payout/Notional    
Less than One Year 17,245 24,524
One to Three Years 436 1,649
Three to Five Years 39 39
Over Five Years 65 70
Total $ 17,785 $ 26,282