Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Dec. 31, 2020 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (38)
|
$ (8)
|
$ (45)
|
$ (47)
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(2,884)
|
(3,343)
|
(3,468)
|
(2,538)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
564
|
228
|
855
|
111
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
124
|
39
|
473
|
216
|
|
| Sales |
(168)
|
(177)
|
(517)
|
(558)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
23
|
(58)
|
206
|
(224)
|
|
| Gross Transfers into Level 3 |
173
|
3
|
(18)
|
(273)
|
|
| Gross Transfers out of Level 3 |
(157)
|
(223)
|
144
|
(265)
|
|
| Balance, ending |
(2,325)
|
(3,531)
|
(2,325)
|
(3,531)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
512
|
196
|
579
|
(356)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(38)
|
(8)
|
(45)
|
(47)
|
|
| Derivative assets |
351,700
|
|
351,700
|
|
$ 434,600
|
| Derivative liabilities |
353,000
|
|
353,000
|
|
434,000
|
| Level 3 | Recurring |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Derivative assets |
3,827
|
2,500
|
3,827
|
2,500
|
2,751
|
| Derivative liabilities |
6,152
|
6,000
|
6,152
|
6,000
|
$ 6,219
|
| Trading account liabilities – Equity securities |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
|
(1)
|
|
(2)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
|
0
|
|
1
|
|
| Gains (losses) in OCI |
|
0
|
|
0
|
|
| Purchases |
|
0
|
|
0
|
|
| Sales |
|
0
|
|
0
|
|
| Issuances |
|
0
|
|
0
|
|
| Settlements |
|
0
|
|
0
|
|
| Gross Transfers into Level 3 |
|
0
|
|
0
|
|
| Gross Transfers out of Level 3 |
|
0
|
|
0
|
|
| Balance, ending |
|
(1)
|
|
(1)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
|
0
|
|
1
|
|
| Trading account liabilities – Corporate securities and other |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(17)
|
(16)
|
(16)
|
(15)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
6
|
2
|
6
|
7
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
(7)
|
|
| Sales |
0
|
(2)
|
0
|
(2)
|
|
| Issuances |
0
|
0
|
(1)
|
0
|
|
| Settlements |
0
|
0
|
0
|
1
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
(11)
|
(16)
|
(11)
|
(16)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(1)
|
0
|
0
|
0
|
|
| Long-term debt |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(1,060)
|
(956)
|
(1,164)
|
(1,149)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(65)
|
(50)
|
(83)
|
5
|
|
| Gains (losses) in OCI |
2
|
(10)
|
4
|
50
|
|
| Purchases |
0
|
0
|
2
|
8
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
(9)
|
0
|
(11)
|
(45)
|
|
| Settlements |
30
|
46
|
67
|
201
|
|
| Gross Transfers into Level 3 |
(25)
|
0
|
(57)
|
(52)
|
|
| Gross Transfers out of Level 3 |
1
|
0
|
116
|
12
|
|
| Balance, ending |
(1,126)
|
(970)
|
(1,126)
|
(970)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(65)
|
(50)
|
(54)
|
(10)
|
|
| Corporate securities, trading loans and other |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,764
|
1,548
|
1,359
|
1,507
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
(20)
|
23
|
(150)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(1)
|
|
| Purchases |
89
|
0
|
515
|
280
|
|
| Sales |
(43)
|
(49)
|
(300)
|
(181)
|
|
| Issuances |
0
|
0
|
0
|
8
|
|
| Settlements |
(118)
|
(91)
|
(251)
|
(165)
|
|
| Gross Transfers into Level 3 |
239
|
136
|
697
|
520
|
|
| Gross Transfers out of Level 3 |
(295)
|
(54)
|
(409)
|
(348)
|
|
| Balance, ending |
1,634
|
1,470
|
1,634
|
1,470
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(20)
|
(34)
|
(42)
|
(128)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(1)
|
|
| Equity securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
260
|
194
|
227
|
239
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
8
|
20
|
(17)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
18
|
4
|
71
|
33
|
|
| Sales |
(11)
|
(3)
|
(60)
|
(37)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
20
|
7
|
98
|
32
|
|
| Gross Transfers out of Level 3 |
(76)
|
(3)
|
(147)
|
(43)
|
|
| Balance, ending |
209
|
207
|
209
|
207
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
3
|
(17)
|
(20)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Non-U.S. sovereign debt |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
414
|
248
|
354
|
482
|
|
| Total realized and unrealized gains (losses) included in Net Income |
4
|
7
|
24
|
35
|
|
| Gains (losses) in OCI |
(26)
|
(6)
|
(14)
|
(69)
|
|
| Purchases |
16
|
1
|
18
|
76
|
|
| Sales |
0
|
(2)
|
0
|
(61)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(9)
|
(1)
|
(9)
|
(20)
|
|
| Gross Transfers into Level 3 |
0
|
83
|
26
|
100
|
|
| Gross Transfers out of Level 3 |
0
|
(40)
|
0
|
(253)
|
|
| Balance, ending |
399
|
290
|
399
|
290
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
4
|
6
|
27
|
33
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(26)
|
(6)
|
(14)
|
(69)
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,498
|
1,736
|
1,440
|
1,553
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(43)
|
2
|
(4)
|
(145)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(3)
|
|
| Purchases |
97
|
36
|
344
|
502
|
|
| Sales |
(89)
|
(108)
|
(584)
|
(582)
|
|
| Issuances |
0
|
11
|
1
|
11
|
|
| Settlements |
(61)
|
(12)
|
(125)
|
(52)
|
|
| Gross Transfers into Level 3 |
180
|
167
|
624
|
659
|
|
| Gross Transfers out of Level 3 |
(8)
|
(62)
|
(122)
|
(173)
|
|
| Balance, ending |
1,574
|
1,770
|
1,574
|
1,770
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(41)
|
10
|
(65)
|
(135)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(3)
|
|
| Total trading account assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
3,936
|
3,726
|
3,380
|
3,781
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(43)
|
(3)
|
63
|
(277)
|
|
| Gains (losses) in OCI |
(26)
|
(6)
|
(14)
|
(73)
|
|
| Purchases |
220
|
41
|
948
|
891
|
|
| Sales |
(143)
|
(162)
|
(944)
|
(861)
|
|
| Issuances |
0
|
11
|
1
|
19
|
|
| Settlements |
(188)
|
(104)
|
(385)
|
(237)
|
|
| Gross Transfers into Level 3 |
439
|
393
|
1,445
|
1,311
|
|
| Gross Transfers out of Level 3 |
(379)
|
(159)
|
(678)
|
(817)
|
|
| Balance, ending |
3,816
|
3,737
|
3,816
|
3,737
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(59)
|
(15)
|
(97)
|
(250)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(26)
|
(6)
|
(14)
|
(73)
|
|
| Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
205
|
462
|
378
|
424
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
0
|
(16)
|
(5)
|
|
| Gains (losses) in OCI |
(2)
|
5
|
(96)
|
(4)
|
|
| Purchases |
0
|
0
|
0
|
23
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(12)
|
(10)
|
(37)
|
(32)
|
|
| Gross Transfers into Level 3 |
208
|
25
|
244
|
158
|
|
| Gross Transfers out of Level 3 |
0
|
(42)
|
(75)
|
(124)
|
|
| Balance, ending |
398
|
440
|
398
|
440
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(4)
|
0
|
(7)
|
(5)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(2)
|
5
|
(96)
|
(4)
|
|
| Non-U.S. securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
11
|
5
|
18
|
2
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(3)
|
0
|
(4)
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
(1)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
2
|
(1)
|
(4)
|
(1)
|
|
| Gross Transfers into Level 3 |
0
|
10
|
0
|
14
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
10
|
14
|
10
|
14
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Other taxable securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
74
|
65
|
71
|
65
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
0
|
0
|
0
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(6)
|
0
|
|
| Purchases |
0
|
3
|
8
|
6
|
|
| Sales |
0
|
0
|
0
|
(4)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
1
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
73
|
68
|
73
|
68
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(6)
|
0
|
|
| Tax-exempt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
51
|
337
|
176
|
108
|
|
| Total realized and unrealized gains (losses) included in Net Income |
2
|
15
|
19
|
(19)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
3
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
(167)
|
0
|
(167)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
265
|
|
| Gross Transfers out of Level 3 |
0
|
(5)
|
(142)
|
(10)
|
|
| Balance, ending |
53
|
180
|
53
|
180
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
2
|
15
|
18
|
(18)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
3
|
|
| Total AFS debt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
341
|
869
|
643
|
599
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
15
|
(1)
|
(24)
|
|
| Gains (losses) in OCI |
(3)
|
5
|
(102)
|
(1)
|
|
| Purchases |
0
|
3
|
8
|
29
|
|
| Sales |
0
|
0
|
0
|
(5)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(10)
|
(178)
|
(41)
|
(200)
|
|
| Gross Transfers into Level 3 |
208
|
35
|
244
|
438
|
|
| Gross Transfers out of Level 3 |
0
|
(47)
|
(217)
|
(134)
|
|
| Balance, ending |
534
|
702
|
534
|
702
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
15
|
11
|
(23)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(3)
|
5
|
(102)
|
(1)
|
|
| 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 |
281
|
449
|
267
|
299
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
18
|
0
|
12
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(9)
|
(11)
|
(29)
|
(19)
|
|
| Gross Transfers into Level 3 |
26
|
2
|
58
|
178
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(12)
|
|
| Balance, ending |
296
|
458
|
296
|
458
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
17
|
0
|
(12)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans and leases |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
857
|
741
|
717
|
693
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(59)
|
(2)
|
45
|
(74)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
32
|
|
| Sales |
0
|
(25)
|
0
|
(26)
|
|
| Issuances |
0
|
0
|
70
|
22
|
|
| Settlements |
(67)
|
(89)
|
(147)
|
(120)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
46
|
98
|
|
| Gross Transfers out of Level 3 |
(13)
|
0
|
(13)
|
0
|
|
| Balance, ending |
718
|
625
|
718
|
625
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(59)
|
(5)
|
52
|
(61)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans held-for-sale |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
263
|
970
|
236
|
375
|
|
| Total realized and unrealized gains (losses) included in Net Income |
13
|
(7)
|
17
|
(7)
|
|
| Gains (losses) in OCI |
(7)
|
(2)
|
(4)
|
(35)
|
|
| Purchases |
94
|
0
|
132
|
0
|
|
| Sales |
(1)
|
(25)
|
(1)
|
(106)
|
|
| Issuances |
0
|
0
|
0
|
691
|
|
| Settlements |
(22)
|
(14)
|
(62)
|
(89)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
26
|
93
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
(4)
|
0
|
|
| Balance, ending |
340
|
922
|
340
|
922
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
10
|
(10)
|
40
|
(19)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(7)
|
(2)
|
(4)
|
(35)
|
|
| Other assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,775
|
1,911
|
1,970
|
2,360
|
|
| Total realized and unrealized gains (losses) included in Net Income |
15
|
25
|
36
|
(294)
|
|
| Gains (losses) in OCI |
(6)
|
6
|
2
|
(11)
|
|
| Purchases |
1
|
0
|
56
|
0
|
|
| Sales |
1
|
1
|
(144)
|
2
|
|
| Issuances |
51
|
53
|
115
|
206
|
|
| Settlements |
(95)
|
(121)
|
(300)
|
(391)
|
|
| Gross Transfers into Level 3 |
2
|
0
|
9
|
5
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(2)
|
|
| Balance, ending |
1,744
|
1,875
|
1,744
|
1,875
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
49
|
4
|
92
|
(373)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (6)
|
$ 6
|
$ 2
|
$ (11)
|
|