Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.22.2.2
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI $ (60) $ (38) $ 2 $ (45)  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Balance, beginning (1,682) (2,884) (2,662) (3,468)  
Total realized and unrealized gains (losses) included in Net Income (266) 564 1,076 855  
Gains (losses) in OCI 0 0 0 0  
Purchases 97 124 222 473  
Sales (238) (168) (589) (517)  
Issuances 0 0 0 0  
Settlements 49 23 393 206  
Gross Transfers into Level 3  (62) 173 (241) (18)  
Gross Transfers out of Level 3  (115) (157) (416) 144  
Balance, ending (2,217) (2,325) (2,217) (2,325)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (293) 512 701 579  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (60) (38) 2 (45)  
Derivative assets 477,100   477,100   $ 348,400
Derivative liabilities 459,500   459,500   355,500
Level 3 | Recurring          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Derivative assets 3,286 3,800 3,286 3,800 3,133
Derivative liabilities 5,503 6,200 5,503 6,200 $ 5,795
Trading account liabilities – Corporate securities and other          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (14) (17) (11) (16)  
Total realized and unrealized gains (losses) included in Net Income 1 6 0 6  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 0 0 0 (1)  
Settlements 0 0 (2) 0  
Gross Transfers into Level 3  0 0 0 0  
Gross Transfers out of Level 3  0 0 0 0  
Balance, ending (13) (11) (13) (11)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 (1) 0 0  
Short-term borrowings          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 0   0    
Total realized and unrealized gains (losses) included in Net Income 1   1    
Gains (losses) in OCI 0   0    
Purchases 0   0    
Sales (4)   (4)    
Issuances 0   0    
Settlements 0   0    
Gross Transfers into Level 3  (3)   (3)    
Gross Transfers out of Level 3  0   0    
Balance, ending (6)   (6)    
Change in unrealized gains/(losses) In net income related to financial instruments still held 1   1    
Accrued expenses and other liabilities          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (63)   0    
Total realized and unrealized gains (losses) included in Net Income 7   (56)    
Gains (losses) in OCI 0   0    
Purchases (7)   (7)    
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 (63)   (63)    
Change in unrealized gains/(losses) In net income related to financial instruments still held 7   (33)    
Long-term debt          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning (812) (1,060) (1,075) (1,164)  
Total realized and unrealized gains (losses) included in Net Income 26 (65) (96) (83)  
Gains (losses) in OCI (12) 2 67 4  
Purchases 0 0 0 2  
Sales 0 0 14 0  
Issuances 0 (9) (1) (11)  
Settlements 18 30 35 67  
Gross Transfers into Level 3  (13) (25) (19) (57)  
Gross Transfers out of Level 3  0 1 282 116  
Balance, ending (793) (1,126) (793) (1,126)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 26 (65) (102) (54)  
Total trading account assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 4,402 3,936 4,223 3,380  
Total realized and unrealized gains (losses) included in Net Income (51) (43) (272) 63  
Gains (losses) in OCI (13) (26) 6 (14)  
Purchases 366 220 1,375 948  
Sales (225) (143) (757) (944)  
Issuances 0 0 0 1  
Settlements (324) (188) (554) (385)  
Gross Transfers into Level 3  447 439 1,359 1,445  
Gross Transfers out of Level 3  (134) (379) (912) (678)  
Balance, ending 4,468 3,816 4,468 3,816  
Change in unrealized gains/(losses) In net income related to financial instruments still held (43) (59) (230) (97)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (13) (26) 6 (14)  
Corporate securities, trading loans and other          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 2,367 1,764 2,110 1,359  
Total realized and unrealized gains (losses) included in Net Income (28) (2) (97) 23  
Gains (losses) in OCI (1) 0 (2) 0  
Purchases 176 89 943 515  
Sales (144) (43) (342) (300)  
Issuances 0 0 0 0  
Settlements (300) (118) (417) (251)  
Gross Transfers into Level 3  329 239 849 697  
Gross Transfers out of Level 3  (50) (295) (695) (409)  
Balance, ending 2,349 1,634 2,349 1,634  
Change in unrealized gains/(losses) In net income related to financial instruments still held (30) (20) (141) (42)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (1) 0 (2) 0  
Equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 179 260 190 227  
Total realized and unrealized gains (losses) included in Net Income (5) (2) 2 20  
Gains (losses) in OCI 0 0 0 0  
Purchases 13 18 41 71  
Sales (7) (11) (22) (60)  
Issuances 0 0 0 0  
Settlements 0 0 (4) 0  
Gross Transfers into Level 3  3 20 29 98  
Gross Transfers out of Level 3  (12) (76) (65) (147)  
Balance, ending 171 209 171 209  
Change in unrealized gains/(losses) In net income related to financial instruments still held (5) (2) (20) (17)  
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 470 414 396 354  
Total realized and unrealized gains (losses) included in Net Income 39 4 58 24  
Gains (losses) in OCI (12) (26) 8 (14)  
Purchases 11 16 18 18  
Sales (2) 0 (4) 0  
Issuances 0 0 0 0  
Settlements (18) (9) (33) (9)  
Gross Transfers into Level 3  2 0 52 26  
Gross Transfers out of Level 3  (5) 0 (10) 0  
Balance, ending 485 399 485 399  
Change in unrealized gains/(losses) In net income related to financial instruments still held 39 4 55 27  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (12) (26) 8 (14)  
Mortgage trading loans, MBS and ABS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,386 1,498 1,527 1,440  
Total realized and unrealized gains (losses) included in Net Income (57) (43) (235) (4)  
Gains (losses) in OCI 0 0 0 0  
Purchases 166 97 373 344  
Sales (72) (89) (389) (584)  
Issuances 0 0 0 1  
Settlements (6) (61) (100) (125)  
Gross Transfers into Level 3  113 180 429 624  
Gross Transfers out of Level 3  (67) (8) (142) (122)  
Balance, ending 1,463 1,574 1,463 1,574  
Change in unrealized gains/(losses) In net income related to financial instruments still held (47) (41) (124) (65)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI 0 0 0 0  
Total AFS debt securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 551 341 439 643  
Total realized and unrealized gains (losses) included in Net Income 1 (2) 6 (1)  
Gains (losses) in OCI (14) (3) (45) (102)  
Purchases 0 0 126 8  
Sales 0 0 (8) 0  
Issuances 0 0 0 0  
Settlements (13) (10) (85) (41)  
Gross Transfers into Level 3  224 208 385 244  
Gross Transfers out of Level 3  (14) 0 (83) (217)  
Balance, ending 735 534 735 534  
Change in unrealized gains/(losses) In net income related to financial instruments still held (3) (2) 1 11  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (14) (3) (45) (102)  
Non-agency residential MBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 299 205 316 378  
Total realized and unrealized gains (losses) included in Net Income (1) (1) 1 (16)  
Gains (losses) in OCI (11) (2) (33) (96)  
Purchases 0 0 0 0  
Sales 0 0 (8) 0  
Issuances 0 0 0 0  
Settlements (8) (12) (71) (37)  
Gross Transfers into Level 3  0 208 74 244  
Gross Transfers out of Level 3  (13) 0 (13) (75)  
Balance, ending 266 398 266 398  
Change in unrealized gains/(losses) In net income related to financial instruments still held (1) (4) 1 (7)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (11) (2) (33) (96)  
Non-U.S. and other taxable securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 200 85 71 89  
Total realized and unrealized gains (losses) included in Net Income 2 (3) 5 (4)  
Gains (losses) in OCI (3) (1) (12) (6)  
Purchases 0 0 126 8  
Sales 0 0 0 0  
Issuances 0 0 0 0  
Settlements (5) 2 (14) (4)  
Gross Transfers into Level 3  224 0 311 0  
Gross Transfers out of Level 3  (1) 0 (70) 0  
Balance, ending 417 83 417 83  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) 0 1 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (3) (1) (12) (6)  
Tax-exempt securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 52 51 52 176  
Total realized and unrealized gains (losses) included in Net Income 0 2 0 19  
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 (142)  
Balance, ending 52 53 52 53  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 2 (1) 18  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI 0 0 0 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 112 281 242 267  
Total realized and unrealized gains (losses) included in Net Income (2) (2) (42) 0  
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) (9) (77) (29)  
Gross Transfers into Level 3  0 26 0 58  
Gross Transfers out of Level 3  (6) 0 (23) 0  
Balance, ending 100 296 100 296  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) (2) (7) 0  
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 256 857 748 717  
Total realized and unrealized gains (losses) included in Net Income (1) (59) (42) 45  
Gains (losses) in OCI 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 (154) 0  
Issuances 0 0 0 70  
Settlements (58) (67) (106) (147)  
Gross Transfers into Level 3  0 0 0 46  
Gross Transfers out of Level 3  0 (13) (249) (13)  
Balance, ending 197 718 197 718  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) (59) (20) 52  
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 345 263 317 236  
Total realized and unrealized gains (losses) included in Net Income (27) 13 (3) 17  
Gains (losses) in OCI (2) (7) 3 (4)  
Purchases 0 94 170 132  
Sales 0 (1) (6) (1)  
Issuances 0 0 0 0  
Settlements (44) (22) (217) (62)  
Gross Transfers into Level 3  0 0 8 26  
Gross Transfers out of Level 3  0 0 0 (4)  
Balance, ending 272 340 272 340  
Change in unrealized gains/(losses) In net income related to financial instruments still held (27) 10 (11) 40  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI (2) (7) 3 (4)  
Other assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning 1,750 1,775 1,572 1,970  
Total realized and unrealized gains (losses) included in Net Income 70 15 296 36  
Gains (losses) in OCI (20) (6) (25) 2  
Purchases 0 1 0 56  
Sales (2) 1 (1) (144)  
Issuances 78 51 163 115  
Settlements (68) (95) (201) (300)  
Gross Transfers into Level 3  0 2 4 9  
Gross Transfers out of Level 3  (3) 0 (3) 0  
Balance, ending 1,805 1,744 1,805 1,744  
Change in unrealized gains/(losses) In net income related to financial instruments still held 61 49 152 92  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Gains (losses) in OCI $ (20) $ (6) $ (25) $ 2