Quarterly report pursuant to Section 13 or 15(d)

Fair Value Option - Elections (Details)

v3.21.1
Fair Value Option - Elections (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Federal funds sold and securities borrowed or purchased under agreements to resell    
Fair Value Carrying Amount    
Assets $ 153,387 $ 108,856
Contractual Principal Outstanding    
Assets 153,358 108,811
Fair Value Carrying Amount Less Unpaid Principal    
Assets 29 45
Loans reported as trading account assets    
Fair Value Carrying Amount    
Assets 8,213 7,967
Contractual Principal Outstanding    
Assets 16,630 17,372
Fair Value Carrying Amount Less Unpaid Principal    
Assets (8,417) (9,405)
Trading inventory – other    
Fair Value Carrying Amount    
Assets 21,710 22,790
Consumer and commercial loans    
Fair Value Carrying Amount    
Assets 7,003 6,681
Contractual Principal Outstanding    
Assets 7,059 6,778
Fair Value Carrying Amount Less Unpaid Principal    
Assets (56) (97)
Loans held-for-sale    
Fair Value Carrying Amount    
Assets 1,680 1,585
Contractual Principal Outstanding    
Assets 2,571 2,521
Fair Value Carrying Amount Less Unpaid Principal    
Assets (891) (936)
Other assets    
Fair Value Carrying Amount    
Assets 172 200
Long-term deposits    
Fair Value Carrying Amount    
Liabilities 504 481
Contractual Principal Outstanding    
Liabilities 488 448
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 16 33
Federal funds purchased and securities loaned or sold under agreements to repurchase    
Fair Value Carrying Amount    
Liabilities 154,865 135,391
Contractual Principal Outstanding    
Liabilities 154,873 135,390
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities (8) 1
Short-term borrowings    
Fair Value Carrying Amount    
Liabilities 4,503 5,874
Contractual Principal Outstanding    
Liabilities 4,286 5,178
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 217 696
Unfunded loan commitments    
Fair Value Carrying Amount    
Liabilities 91 99
Long-term debt    
Fair Value Carrying Amount    
Liabilities 30,514 32,200
Contractual Principal Outstanding    
Liabilities 31,683 33,470
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities $ (1,169) $ (1,270)