Annual report pursuant to Section 13 and 15(d)

Fair Value Disclosures (Details)

v2.4.0.6
Fair Value Disclosures (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets:    
Receivables under securities borrowed transactions $ 961 $ 259
Derivative contracts 24,851 35,091
Available-for-sale, fair value 656 [1] 694
Total investment securities 162 244
Liabilities:    
Payables under repurchase agreements 93,715 85,652
Long-term borrowings 30,875 30,325
Asset transfers from Level 1 to Level 2 2,040  
Liability transfers from Level 1 to Level 2 350  
Asset transfers from Level 2 to Level 1 785  
Liability transfers from Level 2 to Level 1 40  
Non-qualifying Investment Securities [Member]
    
Liabilities:    
Asset transfers from Level 1 to Level 2 940  
Asset transfers from Level 2 to Level 1 535  
Fair Value, Measurements, Recurring | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 3,558 1,796
Receivables under resale agreements 0 0
Receivables under securities borrowed transactions 0 0
Trading assets, excluding derivative contracts: 85,562 66,238
Derivative contracts 2,691 [2] 1,810 [2]
Available-for-sale, fair value 390 398
Investment securities non-qualifying 2,254 2,624
Total investment securities 2,644 3,022
Securities received as collateral 15,426 13,058
Loans, notes and mortgages 0 0
Other 0 0
Liabilities:    
Payables under repurchase agreements 0 0
Short-term borrowings 0 0
Trading liabilities, excluding derivative contracts: 54,370 42,931
Derivative contracts 2,449 [2] 1,419 [2]
Obligation to return securities received as collateral 15,426 13,058
Other payables — interest and other 0 0
Long-term borrowings 0 0
Fair Value, Measurements, Recurring | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 2,083 2,792
Receivables under resale agreements 93,715 85,652
Receivables under securities borrowed transactions 961 259
Trading assets, excluding derivative contracts: 80,087 61,171
Derivative contracts 657,621 [2] 722,186 [2]
Available-for-sale, fair value 258 249
Investment securities non-qualifying 1,056 328
Total investment securities 1,314 577
Securities received as collateral 587 658
Loans, notes and mortgages 1,396 596
Other 12 0
Liabilities:    
Payables under repurchase agreements 42,639 34,235
Short-term borrowings 3,283 5,908
Trading liabilities, excluding derivative contracts: 13,005 10,438
Derivative contracts 659,271 [2] 724,713 [2]
Obligation to return securities received as collateral 587 658
Other payables — interest and other 50 163
Long-term borrowings 29,559 28,139
Fair Value, Measurements, Recurring | Level 3
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 0
Receivables under resale agreements 0 0
Receivables under securities borrowed transactions 0 0
Trading assets, excluding derivative contracts: 8,808 10,055
Derivative contracts 5,677 [2] 10,110 [2]
Available-for-sale, fair value 8 47
Investment securities non-qualifying 287 574
Total investment securities 295 621
Securities received as collateral 0 0
Loans, notes and mortgages 1,681 1,726
Other 1,534 1,349
Liabilities:    
Payables under repurchase agreements 0 0
Short-term borrowings 0 0
Trading liabilities, excluding derivative contracts: 63 113
Derivative contracts 4,133 [2] 5,615 [2]
Obligation to return securities received as collateral 0 0
Other payables — interest and other 7 10
Long-term borrowings 1,316 2,186
Fair Value, Measurements, Recurring | Level 3 | Equity-linked structured notes
    
Liabilities:    
Long-term borrowings   1,700
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities, collateralized debt obligations and other mortgage products
    
Assets:    
Derivative contracts   2,400
Liabilities:    
Derivative contracts   1,600
Fair Value, Measurements, Recurring | Level 3 | Other credit derivatives
    
Assets:    
Derivative contracts   3,100
Liabilities:    
Derivative contracts   700
Fair Value, Measurements, Recurring | Level 3 | Equity, currency, interest rate and commodity derivatives
    
Assets:    
Derivative contracts   4,600
Liabilities:    
Derivative contracts   3,300
Fair Value, Measurements, Recurring | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 [3] 0 [3]
Receivables under resale agreements 0 [3] 0 [3]
Receivables under securities borrowed transactions 0 [3] 0 [3]
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Derivative contracts (641,138) [2],[3] (699,015) [2],[3]
Available-for-sale, fair value 0 [3] 0 [3]
Investment securities non-qualifying 0 [3] 0 [3]
Total investment securities 0 [3] 0 [3]
Securities received as collateral 0 [3] 0 [3]
Loans, notes and mortgages 0 [3] 0 [3]
Other 0 [3] 0 [3]
Liabilities:    
Payables under repurchase agreements 0 [3] 0 [3]
Short-term borrowings 0 [3] 0 [3]
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Derivative contracts (645,285) [2],[3] (705,508) [2],[3]
Obligation to return securities received as collateral 0 [3] 0 [3]
Other payables — interest and other 0 [3] 0 [3]
Long-term borrowings 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 5,641 4,588
Receivables under resale agreements 93,715 85,652
Receivables under securities borrowed transactions 961 259
Trading assets, excluding derivative contracts: 174,457 137,464
Derivative contracts 24,851 [2] 35,091 [2]
Available-for-sale, fair value 656 694
Investment securities non-qualifying 3,597 3,526
Total investment securities 4,253 4,220
Securities received as collateral 16,013 13,716
Loans, notes and mortgages 3,077 2,322
Other 1,546 1,349
Liabilities:    
Payables under repurchase agreements 42,639 34,235
Short-term borrowings 3,283 5,908
Trading liabilities, excluding derivative contracts: 67,438 53,482
Derivative contracts 20,568 [2] 26,239 [2]
Obligation to return securities received as collateral 16,013 13,716
Other payables — interest and other 57 173
Long-term borrowings 30,875 30,325
Fair Value, Measurements, Recurring | Equities | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 16,225 10,868
Fair Value, Measurements, Recurring | Equities | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 2,557 1,230
Fair Value, Measurements, Recurring | Equities | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Equities | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Equities | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 18,782 12,098
Fair Value, Measurements, Recurring | Convertible debentures | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Convertible debentures | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 175 125
Fair Value, Measurements, Recurring | Convertible debentures | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Convertible debentures | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Convertible debentures | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 175 125
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 18,382 15,911
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 1,325 643
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 19,707 16,554
Fair Value, Measurements, Recurring | Corporate debt | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Corporate debt | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 7,912 6,927
Fair Value, Measurements, Recurring | Corporate debt | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 31 52
Fair Value, Measurements, Recurring | Corporate debt | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Corporate debt | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 7,943 6,979
Fair Value, Measurements, Recurring | Preferred stock | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Preferred stock | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 83 89
Fair Value, Measurements, Recurring | Preferred stock | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 16
Fair Value, Measurements, Recurring | Preferred stock | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Preferred stock | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 83 105
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 19,276 15,603
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 910 1,373
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | U.S. Government and agencies | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | U.S. Government and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 20,186 16,976
Fair Value, Measurements, Recurring | Municipals, money markets and other | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 487 549
Fair Value, Measurements, Recurring | Municipals, money markets and other | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 43 51
Fair Value, Measurements, Recurring | Municipals, money markets and other | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 32 45
Fair Value, Measurements, Recurring | Municipals, money markets and other | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Municipals, money markets and other | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts: 562 645
Fair Value, Measurements, Recurring | Corporate debt | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations:   0
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Corporate debt | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations:   295
Trading assets, excluding derivative contracts: 16,068 13,027
Fair Value, Measurements, Recurring | Corporate debt | Level 3
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations:   0
Trading assets, excluding derivative contracts: 1,900 3,962
Fair Value, Measurements, Recurring | Corporate debt | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations:   0 [3]
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Corporate debt | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations:   295
Trading assets, excluding derivative contracts: 17,968 16,989
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 0
Trading assets, excluding derivative contracts: 34,256 28,026
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 1,833 1,757
Trading assets, excluding derivative contracts: 3,236 1,871
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Level 3
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 0
Trading assets, excluding derivative contracts: 353 342
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 [3] 0 [3]
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Non-U.S. governments and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 1,833 1,757
Trading assets, excluding derivative contracts: 37,845 30,239
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 3,558 1,796
Trading assets, excluding derivative contracts: 26,201 22,183
Available-for-sale, fair value 390 398
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 250 740
Trading assets, excluding derivative contracts: 28,363 20,820
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring | U.S. Government and agencies | Level 3
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 0
Trading assets, excluding derivative contracts: 0 0
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring | U.S. Government and agencies | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 0 [3] 0 [3]
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Available-for-sale, fair value 0 [3] 0 [3]
Fair Value, Measurements, Recurring | U.S. Government and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations: 3,808 2,536
Trading assets, excluding derivative contracts: 54,564 43,003
Available-for-sale, fair value 390 398
Fair Value, Measurements, Recurring | Equities | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 23,813 14,962
Fair Value, Measurements, Recurring | Equities | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 12,340 5,860
Fair Value, Measurements, Recurring | Equities | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 178 179
Fair Value, Measurements, Recurring | Equities | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Equities | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 36,331 21,001
Fair Value, Measurements, Recurring | Convertible debentures | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Convertible debentures | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 4,272 4,519
Fair Value, Measurements, Recurring | Convertible debentures | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 15 99
Fair Value, Measurements, Recurring | Convertible debentures | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Convertible debentures | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 4,287 4,618
Fair Value, Measurements, Recurring | Preferred stock | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Preferred stock | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 116 89
Fair Value, Measurements, Recurring | Preferred stock | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 253 227
Fair Value, Measurements, Recurring | Preferred stock | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Preferred stock | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 369 316
Fair Value, Measurements, Recurring | Mortgages, mortgage-backed and asset-backed | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Mortgages, mortgage-backed and asset-backed | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 5,799 5,055
Fair Value, Measurements, Recurring | Mortgages, mortgage-backed and asset-backed | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 4,814 3,199
Fair Value, Measurements, Recurring | Mortgages, mortgage-backed and asset-backed | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Mortgages, mortgage-backed and asset-backed | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 10,613 8,254
Fair Value, Measurements, Recurring | Municipals and money markets | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 1,292 1,067
Fair Value, Measurements, Recurring | Municipals and money markets | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 9,201 9,755
Fair Value, Measurements, Recurring | Municipals and money markets | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 1,295 2,047
Fair Value, Measurements, Recurring | Municipals and money markets | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Municipals and money markets | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 11,788 12,869
Fair Value, Measurements, Recurring | Physical commodities and other | Level 1
    
Assets:    
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Physical commodities and other | Level 2
    
Assets:    
Trading assets, excluding derivative contracts: 692 175
Fair Value, Measurements, Recurring | Physical commodities and other | Level 3
    
Assets:    
Trading assets, excluding derivative contracts: 0 0
Fair Value, Measurements, Recurring | Physical commodities and other | Netting
    
Assets:    
Trading assets, excluding derivative contracts: 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Physical commodities and other | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts: 692 175
Fair Value, Measurements, Recurring | Non-agency MBS | Level 1
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring | Non-agency MBS | Level 2
    
Assets:    
Available-for-sale, fair value 40 249
Fair Value, Measurements, Recurring | Non-agency MBS | Level 3
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring | Non-agency MBS | Netting
    
Assets:    
Available-for-sale, fair value 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Non-agency MBS | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Available-for-sale, fair value 40 249
Fair Value, Measurements, Recurring | Corporate ABS | Level 1
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring | Corporate ABS | Level 2
    
Assets:    
Available-for-sale, fair value 218 0
Fair Value, Measurements, Recurring | Corporate ABS | Level 3
    
Assets:    
Available-for-sale, fair value 8 47
Fair Value, Measurements, Recurring | Corporate ABS | Netting
    
Assets:    
Available-for-sale, fair value 0 [3] 0 [3]
Fair Value, Measurements, Recurring | Corporate ABS | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Available-for-sale, fair value $ 226 $ 47
[1] Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay their obligations with or without prepayment penalties.
[2] Refer to Note 6 for product level detail.
[3] Represents counterparty and cash collateral netting.