Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.24.1.u1
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI $ 11 $ 50  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]      
Balance, beginning (2,494) (2,893)  
Total realized and unrealized gains (losses) included in Net Income 29 69  
Gains (losses) in OCI 0 0  
Purchases 185 249  
Sales (336) (268)  
Issuances 0 0  
Settlements (248) (315)  
Gross Transfers into Level 3  (141) 321  
Gross Transfers out of Level 3  337 58  
Balance, ending (2,668) (2,779)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (6) 154  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 11 50  
Derivative assets 283,700   $ 290,300
Derivative liabilities 292,300   301,200
Level 3 | Recurring      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Derivative assets 3,834 3,600 3,422
Derivative liabilities 6,502 6,300 $ 5,916
Trading account liabilities – Equity securities      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (12)    
Total realized and unrealized gains (losses) included in Net Income 0    
Gains (losses) in OCI 0    
Purchases 0    
Sales (4)    
Issuances 0    
Settlements 0    
Gross Transfers into Level 3  (14)    
Gross Transfers out of Level 3  2    
Balance, ending (28)    
Change in unrealized gains/(losses) In net income related to financial instruments still held 0    
Trading account liabilities – Corporate securities and other      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (39) (58)  
Total realized and unrealized gains (losses) included in Net Income (3) 0  
Gains (losses) in OCI 0 0  
Purchases (2) 0  
Sales 0 (2)  
Issuances (1) (1)  
Settlements 8 0  
Gross Transfers into Level 3  (6) (4)  
Gross Transfers out of Level 3  0 1  
Balance, ending (43) (64)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (3) 0  
Short-term borrowings      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (10) (14)  
Total realized and unrealized gains (losses) included in Net Income (1) 0  
Gains (losses) in OCI 0 0  
Purchases 0 0  
Sales 0 (3)  
Issuances 0 (1)  
Settlements 2 9  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  0 0  
Balance, ending (9) (9)  
Change in unrealized gains/(losses) In net income related to financial instruments still held (1) 0  
Accrued expenses and other liabilities      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (21) (32)  
Total realized and unrealized gains (losses) included in Net Income 2 24  
Gains (losses) in OCI 0 0  
Purchases 0 (12)  
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 (19) (20)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 2 24  
Long-term debt      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (614) (862)  
Total realized and unrealized gains (losses) included in Net Income 13 87  
Gains (losses) in OCI (15) (6)  
Purchases 0 (9)  
Sales 0 0  
Issuances 0 0  
Settlements 6 11  
Gross Transfers into Level 3  (1) 0  
Gross Transfers out of Level 3  0 7  
Balance, ending (611) (772)  
Change in unrealized gains/(losses) In net income related to financial instruments still held 13 87  
Total trading account assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 3,489 4,599  
Total realized and unrealized gains (losses) included in Net Income 25 40  
Gains (losses) in OCI (10) 17  
Purchases 291 209  
Sales (364) (288)  
Issuances 3 14  
Settlements (371) (276)  
Gross Transfers into Level 3  281 312  
Gross Transfers out of Level 3  (96) (252)  
Balance, ending 3,248 4,375  
Change in unrealized gains/(losses) In net income related to financial instruments still held (33) 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI (10) 17  
Corporate securities, trading loans and other      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,689 2,384  
Total realized and unrealized gains (losses) included in Net Income 7 27  
Gains (losses) in OCI (1) 1  
Purchases 106 126  
Sales (57) (120)  
Issuances 3 14  
Settlements (324) (144)  
Gross Transfers into Level 3  198 148  
Gross Transfers out of Level 3  (39) (114)  
Balance, ending 1,582 2,322  
Change in unrealized gains/(losses) In net income related to financial instruments still held (21) 3  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI (1) 1  
Equity securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 187 145  
Total realized and unrealized gains (losses) included in Net Income 4 (4)  
Gains (losses) in OCI 0 0  
Purchases 38 6  
Sales (22) (12)  
Issuances 0 0  
Settlements (3) 0  
Gross Transfers into Level 3  11 77  
Gross Transfers out of Level 3  (1) 0  
Balance, ending 214 212  
Change in unrealized gains/(losses) In net income related to financial instruments still held (2) (4)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Non-U.S. sovereign debt      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 396 518  
Total realized and unrealized gains (losses) included in Net Income 14 26  
Gains (losses) in OCI (9) 16  
Purchases 11 3  
Sales (1) (6)  
Issuances 0 0  
Settlements (17) (16)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 394 541  
Change in unrealized gains/(losses) In net income related to financial instruments still held 14 26  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI (9) 16  
Mortgage trading loans, MBS and ABS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,217 1,552  
Total realized and unrealized gains (losses) included in Net Income 0 (9)  
Gains (losses) in OCI 0 0  
Purchases 136 74  
Sales (284) (150)  
Issuances 0 0  
Settlements (27) (116)  
Gross Transfers into Level 3  72 87  
Gross Transfers out of Level 3  (56) (138)  
Balance, ending 1,058 1,300  
Change in unrealized gains/(losses) In net income related to financial instruments still held (24) (25)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Total AFS debt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 376 504  
Total realized and unrealized gains (losses) included in Net Income 9 3  
Gains (losses) in OCI 47 37  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (151) (10)  
Gross Transfers into Level 3  62 0  
Gross Transfers out of Level 3  (1) (3)  
Balance, ending 342 531  
Change in unrealized gains/(losses) In net income related to financial instruments still held 8 3  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 47 37  
Non-agency residential MBS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 273 258  
Total realized and unrealized gains (losses) included in Net Income 8 3  
Gains (losses) in OCI 47 34  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (139) (2)  
Gross Transfers into Level 3  62 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 251 293  
Change in unrealized gains/(losses) In net income related to financial instruments still held 8 3  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 47 34  
Non-U.S. and other taxable securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 103 195  
Total realized and unrealized gains (losses) included in Net Income 1 0  
Gains (losses) in OCI 0 3  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (12) (8)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  (1) (3)  
Balance, ending 91 187  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 3  
Tax-exempt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   51  
Total realized and unrealized gains (losses) included in Net Income   0  
Gains (losses) in OCI   0  
Purchases   0  
Sales   0  
Issuances   0  
Settlements   0  
Gross Transfers into Level 3    0  
Gross Transfers out of Level 3    0  
Balance, ending   51  
Change in unrealized gains/(losses) In net income related to financial instruments still held   0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI   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 69 119  
Total realized and unrealized gains (losses) included in Net Income 5 (2)  
Gains (losses) in OCI 0 0  
Purchases 0 0  
Sales 0 (19)  
Issuances 0 0  
Settlements (20) (2)  
Gross Transfers into Level 3  17 0  
Gross Transfers out of Level 3  0 (2)  
Balance, ending 71 94  
Change in unrealized gains/(losses) In net income related to financial instruments still held 5 (2)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Loans and leases      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 93 253  
Total realized and unrealized gains (losses) included in Net Income 0 2  
Gains (losses) in OCI 0 0  
Purchases 0 9  
Sales 0 0  
Issuances 1 0  
Settlements (4) (37)  
Gross Transfers into Level 3  0 16  
Gross Transfers out of Level 3  0 0  
Balance, ending 90 243  
Change in unrealized gains/(losses) In net income related to financial instruments still held 0 2  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0  
Loans held-for-sale      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 164 232  
Total realized and unrealized gains (losses) included in Net Income (2) 12  
Gains (losses) in OCI (1) 2  
Purchases 0 0  
Sales 0 (16)  
Issuances 0 0  
Settlements (12) (24)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  0 0  
Balance, ending 149 206  
Change in unrealized gains/(losses) In net income related to financial instruments still held (3) 12  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI (1) 2  
Other assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,657 1,799  
Total realized and unrealized gains (losses) included in Net Income 55 10  
Gains (losses) in OCI (11) 1  
Purchases 2 6  
Sales 0 0  
Issuances 46 27  
Settlements (82) (76)  
Gross Transfers into Level 3  1 2  
Gross Transfers out of Level 3  0 0  
Balance, ending 1,668 1,769  
Change in unrealized gains/(losses) In net income related to financial instruments still held 34 (17)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI $ (11) $ 1