Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.20.2
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI $ (126) $ 11 $ (40) $ 112  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Balance, beginning (2,909) (1,018) (2,538) (935)  
Total realized and unrealized gains (losses) included in Net Income (463) (91) (117) (116)  
Gains (losses) in OCI 0 0 0 0  
Purchases 137 56 177 167  
Sales (233) (161) (381) (406)  
Issuances 0 0 0 0  
Settlements (178) (33) (166) (88)  
Gross Transfers into Level 3 252 17 (276) 139  
Gross Transfers out of Level 3 51 116 (42) 125  
Balance, ending (3,343) (1,114) (3,343) (1,114)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (558) (94) (500) (131)  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 432,000   432,000   $ 344,800
Derivative liabilities, gross 431,400   431,400   337,100
Trading account liabilities – Equity securities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (1) 0 (2) 0  
Total realized and unrealized gains (losses) included in Net Income 0 (2) 1 (2)  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements 0 0 0 0  
Gross Transfers into Level 3 0 0 0 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending (1) (2) (1) (2)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 (2) 1 (2)  
Trading account liabilities – Corporate securities and other          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (20) (21) (15) (18)  
Total realized and unrealized gains (losses) included in Net Income 4 7 5 7  
Gains (losses) in OCI 0 0 0 0  
Purchases (1) 1 (7) 1  
Sales 0 0 0 (3)  
Issuances 0 0 0 0  
Settlements 1 0 1 0  
Gross Transfers into Level 3 0 0 0 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending (16) (13) (16) (13)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0 1 0  
Long-term debt          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (721) (890) (1,149) (817)  
Total realized and unrealized gains (losses) included in Net Income (72) (41) 55 (87)  
Gains (losses) in OCI (127) 0 60 (1)  
Purchases 0 0 8 0  
Sales 0 0 0 0  
Issuances (32) (10) (45) (13)  
Settlements 14 38 155 76  
Gross Transfers into Level 3 (29) 0 (52) (61)  
Gross Transfers out of Level 3 11 1 12 1  
Balance, ending (956) (902) (956) (902)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (74) (41) 37 (82)  
Level 3 | Recurring          
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Derivative assets, gross 2,562 3,400 2,562 3,400 2,226
Derivative liabilities, gross 5,905 4,500 5,905 4,500 $ 4,764
Corporate securities, trading loans and other          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,640 1,428 1,507 1,558  
Total realized and unrealized gains (losses) included in Net Income (27) 55 (130) 58  
Gains (losses) in OCI 0 0 (1) 0  
Purchases 64 140 280 194  
Sales (42) (79) (132) (152)  
Issuances 0 0 8 0  
Settlements (42) (146) (74) (206)  
Gross Transfers into Level 3 147 107 384 246  
Gross Transfers out of Level 3 (192) (112) (294) (305)  
Balance, ending 1,548 1,393 1,548 1,393  
Change in unrealized gains/(losses) In net income related to financial instruments still held (27) 26 (122) 20  
Equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 249 288 239 276  
Total realized and unrealized gains (losses) included in Net Income 1 20 (25) 22  
Gains (losses) in OCI 0 0 0 0  
Purchases 3 3 29 21  
Sales (23) (5) (34) (6)  
Issuances 0 0 0 0  
Settlements 0 0 0 (3)  
Gross Transfers into Level 3 0 1 25 3  
Gross Transfers out of Level 3 (36) (11) (40) (17)  
Balance, ending 194 296 194 296  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 20 (23) (4)  
Non-U.S. sovereign debt          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 250 472 482 465  
Total realized and unrealized gains (losses) included in Net Income 26 19 28 27  
Gains (losses) in OCI (10) 5 (63) 4  
Purchases 2 1 75 1  
Sales (11) 0 (59) 0  
Issuances 0 0 0 0  
Settlements (9) (11) (19) (11)  
Gross Transfers into Level 3 0 0 17 0  
Gross Transfers out of Level 3 0 (5) (213) (5)  
Balance, ending 248 481 248 481  
Change in unrealized gains/(losses) In net income related to financial instruments still held 26 19 28 27  
Mortgage trading loans, ABS and other MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,733 1,510 1,553 1,635  
Total realized and unrealized gains (losses) included in Net Income (22) 50 (147) 88  
Gains (losses) in OCI (1) (1) (3) (2)  
Purchases 104 167 466 397  
Sales (229) (324) (474) (661)  
Issuances 0 0 0 0  
Settlements (21) (115) (40) (124)  
Gross Transfers into Level 3 259 178 492 267  
Gross Transfers out of Level 3 (87) (76) (111) (211)  
Balance, ending 1,736 1,389 1,736 1,389  
Change in unrealized gains/(losses) In net income related to financial instruments still held (36) 4 (139) 20  
Trading account assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 3,872 3,698 3,781 3,934  
Total realized and unrealized gains (losses) included in Net Income (22) 144 (274) 195  
Gains (losses) in OCI (11) 4 (67) 2  
Purchases 173 311 850 613  
Sales (305) (408) (699) (819)  
Issuances 0 0 8 0  
Settlements (72) (272) (133) (344)  
Gross Transfers into Level 3 406 286 918 516  
Gross Transfers out of Level 3 (315) (204) (658) (538)  
Balance, ending 3,726 3,559 3,726 3,559  
Change in unrealized gains/(losses) In net income related to financial instruments still held (37) 69 (256) 63  
Non-agency residential MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 524 581 424 597  
Total realized and unrealized gains (losses) included in Net Income (2) 0 (5) 0  
Gains (losses) in OCI 4 (3) (9) 90  
Purchases 23 0 23 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (10) (14) (22) (21)  
Gross Transfers into Level 3 5 47 133 206  
Gross Transfers out of Level 3 (82) (43) (82) (304)  
Balance, ending 462 568 462 568  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) 0 (5) 0  
Non-U.S. securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1 2 2 2  
Total realized and unrealized gains (losses) included in Net Income 0 0 0 0  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 (1) 0  
Issuances 0 0 0 0  
Settlements 0 0 0 0  
Gross Transfers into Level 3 4 0 4 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 5 2 5 2  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0 0 0  
Other taxable securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 68 3 65 7  
Total realized and unrealized gains (losses) included in Net Income 0 0 0 0  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 3 0  
Sales (4) 0 (4) 0  
Issuances 0 0 0 0  
Settlements 0 0 0 (4)  
Gross Transfers into Level 3 1 0 1 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 65 3 65 3  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0 0 0  
Tax-exempt securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 100   108    
Total realized and unrealized gains (losses) included in Net Income (24)   (34)    
Gains (losses) in OCI 1   3    
Purchases 0   0    
Sales 0   0    
Issuances 0   0    
Settlements 0   0    
Gross Transfers into Level 3 265   265    
Gross Transfers out of Level 3 (5)   (5)    
Balance, ending 337   337    
Change in unrealized gains/(losses) In net income related to financial instruments still held (24)   (33)    
Available-for-sale Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 693 586 599 606  
Total realized and unrealized gains (losses) included in Net Income (26) 0 (39) 0  
Gains (losses) in OCI 5 (3) (6) 90  
Purchases 23 0 26 0  
Sales (4) 0 (5) 0  
Issuances 0 0 0 0  
Settlements (10) (14) (22) (25)  
Gross Transfers into Level 3 275 47 403 206  
Gross Transfers out of Level 3 (87) (43) (87) (304)  
Balance, ending 869 573 869 573  
Change in unrealized gains/(losses) In net income related to financial instruments still held (26) 0 (38) 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 269 224 299 172  
Total realized and unrealized gains (losses) included in Net Income 43 2 (6) 49  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (4) (7) (8) (8)  
Gross Transfers into Level 3 150 69 176 107  
Gross Transfers out of Level 3 (9) (15) (12) (47)  
Balance, ending 449 273 449 273  
Change in unrealized gains/(losses) In net income related to financial instruments still held 43 2 (29) 47  
Loans and leases          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 558 317 693 338  
Total realized and unrealized gains (losses) included in Net Income 47 0 (72) 4  
Gains (losses) in OCI 0 0 0 0  
Purchases 32 0 32 0  
Sales (1) 0 (1) (15)  
Issuances 22 53 22 53  
Settlements (15) (15) (31) (25)  
Gross Transfers into Level 3 98 0 98 0  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 741 355 741 355  
Change in unrealized gains/(losses) In net income related to financial instruments still held 46 0 (36) 3  
Loans held-for-sale          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,077 558 375 542  
Total realized and unrealized gains (losses) included in Net Income 9 26 0 38  
Gains (losses) in OCI (5) 2 (33) 0  
Purchases 0 0 0 10  
Sales (81) (50) (81) (71)  
Issuances 0 0 691 11  
Settlements (30) (50) (75) (103)  
Gross Transfers into Level 3 0 0 93 59  
Gross Transfers out of Level 3 0 0 0 0  
Balance, ending 970 486 970 486  
Change in unrealized gains/(losses) In net income related to financial instruments still held 5 16 (10) 20  
Other assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,960 2,749 2,360 2,932  
Total realized and unrealized gains (losses) included in Net Income (68) (80) (319) (154)  
Gains (losses) in OCI 13 8 (17) 16  
Purchases 0 0 0 0  
Sales 0 (10) 1 (10)  
Issuances 133 67 153 108  
Settlements (128) (183) (270) (341)  
Gross Transfers into Level 3 3 0 5 0  
Gross Transfers out of Level 3 (2) 0 (2) 0  
Balance, ending 1,911 2,551 1,911 2,551  
Change in unrealized gains/(losses) In net income related to financial instruments still held $ (91) $ (128) $ (376) $ (253)