Quarterly report pursuant to Section 13 or 15(d)

Fair Value Disclosures (Details)

v2.4.0.8
Fair Value Disclosures (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets:    
Receivables under securities borrowed transactions $ 1,954 $ 961
Derivative contracts 27,633 24,851
Available-for-sale, fair value 612 [1] 656
Other Debt Securities Carried at Fair Value 8,748 [2] 7,722 [2]
Total Investment securities 187 162
Liabilities:    
Payables under repurchase agreements 99,001 93,715
Long-term borrowings 27,964 30,875
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount 500 2,040
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount   350
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount   785
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount   40
Non-qualifying Investment Securities [Member]
    
Liabilities:    
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount   940
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount   535
Fair Value, Measurements, Recurring [Member] | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 5,000 3,558
Receivables under resale agreements 0 0
Receivables under securities borrowed transactions 0 0
Trading assets, excluding derivative contracts 76,172 78,140
Derivative contracts 4,730 [3] 2,691 [3]
Available-for-sale, fair value 402 390
Other Debt Securities Carried at Fair Value 8,288 7,422
Investment securities non-qualifying 1,880 2,254
Total Investment securities 10,570 10,066
Securities received as collateral 11,311 15,426
Loans, Notes and Mortgages at Fair Value 0 0
Other assets 0 0
Liabilities:    
Payables under repurchase agreements 0 0
Short-term borrowings 0 0
Trading liabilities, excluding derivative contracts 61,679 54,370
Derivative contracts 4,644 [3] 2,449 [4]
Obligation to return securities received as collateral 11,311 15,426
Other payables - interest and other 0 0
Long-term borrowings 0 0
Fair Value, Measurements, Recurring [Member] | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 3,065 2,083
Receivables under resale agreements 99,001 93,715
Receivables under securities borrowed transactions 1,954 961
Trading assets, excluding derivative contracts 57,656 79,787
Derivative contracts 484,350 [3] 657,621 [3]
Available-for-sale, fair value 202 258
Other Debt Securities Carried at Fair Value 460 300
Investment securities non-qualifying 1,115 1,056
Total Investment securities 1,777 1,614
Securities received as collateral 1,271 587
Loans, Notes and Mortgages at Fair Value 486 1,396
Other assets 0 12
Liabilities:    
Payables under repurchase agreements 59,926 42,639
Short-term borrowings 1,389 3,283
Trading liabilities, excluding derivative contracts 14,089 13,005
Derivative contracts 483,697 [3] 659,271 [4]
Obligation to return securities received as collateral 1,271 587
Other payables - interest and other 47 50
Long-term borrowings 26,882 29,559
Fair Value, Measurements, Recurring [Member] | 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 7,325 8,808
Derivative contracts 5,592 [3] 5,677 [3]
Available-for-sale, fair value 8 8
Other Debt Securities Carried at Fair Value 0 0
Investment securities non-qualifying 288 287
Total Investment securities 296 295
Securities received as collateral 0 0
Loans, Notes and Mortgages at Fair Value 815 1,681
Other assets 267 1,534
Liabilities:    
Payables under repurchase agreements 0 0
Short-term borrowings 0 0
Trading liabilities, excluding derivative contracts 55 63
Derivative contracts 3,917 [3] 4,133 [4]
Obligation to return securities received as collateral 0 0
Other payables - interest and other 5 7
Long-term borrowings 1,082 1,316
Fair Value, Measurements, Recurring [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member]
    
Assets:    
Other Debt Securities Carried at Fair Value    [5]    [5]
Fair Value, Measurements, Recurring [Member] | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 0 [5] 0 [5]
Receivables under resale agreements 0 [5] 0 [5]
Receivables under securities borrowed transactions 0 [5] 0 [5]
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Derivative contracts (467,039) [3],[5] (641,138) [3],[5]
Available-for-sale, fair value 0 [5] 0 [5]
Investment securities non-qualifying 0 [5] 0 [5]
Total Investment securities 0 [5] 0 [5]
Securities received as collateral 0 [5] 0 [5]
Loans, Notes and Mortgages at Fair Value 0 [5] 0 [5]
Other assets 0 [5] 0 [5]
Liabilities:    
Payables under repurchase agreements 0 [5] 0 [5]
Short-term borrowings 0 [5] 0 [5]
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Derivative contracts (467,085) [3],[5] (645,285) [4],[5]
Obligation to return securities received as collateral 0 [5] 0 [5]
Other payables - interest and other 0 [5] 0 [5]
Long-term borrowings 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 8,065 5,641
Receivables under resale agreements 99,001 93,715
Receivables under securities borrowed transactions 1,954 961
Trading assets, excluding derivative contracts 141,153 166,735
Derivative contracts 27,633 [3] 24,851 [3]
Available-for-sale, fair value 612 656
Other Debt Securities Carried at Fair Value 8,748 7,722
Investment securities non-qualifying 3,283 3,597
Total Investment securities 12,643 11,975
Securities received as collateral 12,582 16,013
Loans, Notes and Mortgages at Fair Value 1,301 3,077
Other assets 267 1,546
Liabilities:    
Payables under repurchase agreements 59,926 42,639
Short-term borrowings 1,389 3,283
Trading liabilities, excluding derivative contracts 75,823 67,438
Derivative contracts 25,173 [3] 20,568 [4]
Obligation to return securities received as collateral 12,582 16,013
Other payables - interest and other 52 57
Long-term borrowings 27,964 30,875
Fair Value, Measurements, Recurring [Member] | Equities | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 19,783 16,225
Fair Value, Measurements, Recurring [Member] | Equities | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 3,112 2,557
Fair Value, Measurements, Recurring [Member] | Equities | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Equities | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Equities | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 22,895 18,782
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 223 175
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 223 175
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 22,620 18,382
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 1,670 1,325
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 24,290 19,707
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 8,483 7,912
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 9 31
Fair Value, Measurements, Recurring [Member] | Corporate debt | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Corporate debt | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 8,492 7,943
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 85 83
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Preferred stock | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Preferred stock | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 85 83
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 18,794 19,276
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 411 910
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 19,205 20,186
Fair Value, Measurements, Recurring [Member] | Municipals, money markets and other | Level 1
    
Liabilities:    
Trading liabilities, excluding derivative contracts 482 487
Fair Value, Measurements, Recurring [Member] | Municipals, money markets and other | Level 2
    
Liabilities:    
Trading liabilities, excluding derivative contracts 105 43
Fair Value, Measurements, Recurring [Member] | Municipals, money markets and other | Level 3
    
Liabilities:    
Trading liabilities, excluding derivative contracts 46 32
Fair Value, Measurements, Recurring [Member] | Municipals, money markets and other | Netting
    
Liabilities:    
Trading liabilities, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Municipals, money markets and other | Estimate of Fair Value, Fair Value Disclosure
    
Liabilities:    
Trading liabilities, excluding derivative contracts 633 562
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 15,193 16,068
Fair Value, Measurements, Recurring [Member] | Corporate debt | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 1,764 1,900
Fair Value, Measurements, Recurring [Member] | Corporate debt | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Corporate debt | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 16,957 17,968
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 24 0
Trading assets, excluding derivative contracts 28,574 26,834
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 2,492 1,833
Trading assets, excluding derivative contracts 2,805 2,936
Fair Value, Measurements, Recurring [Member] | 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 401 353
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 0 [5] 0 [5]
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Non-U.S. governments and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 2,516 1,833
Trading assets, excluding derivative contracts 31,780 30,123
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Level 1
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 4,976 3,558
Trading assets, excluding derivative contracts 23,942 26,201
Available-for-sale, fair value 402 390
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Level 2
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 573 250
Trading assets, excluding derivative contracts 12,098 28,363
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring [Member] | 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 [Member] | U.S. Government and agencies | Netting
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 0 [5] 0 [5]
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Available-for-sale, fair value 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Securities segregated for regulatory purposes or deposited with clearing organizations 5,549 3,808
Trading assets, excluding derivative contracts 36,040 54,564
Available-for-sale, fair value 402 390
Fair Value, Measurements, Recurring [Member] | Equities | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 22,323 23,813
Fair Value, Measurements, Recurring [Member] | Equities | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 11,081 12,340
Fair Value, Measurements, Recurring [Member] | Equities | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 216 178
Fair Value, Measurements, Recurring [Member] | Equities | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Equities | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 33,620 36,331
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 3,569 4,272
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 17 15
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Convertible debentures | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 3,586 4,287
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 269 116
Fair Value, Measurements, Recurring [Member] | Preferred stock | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 137 253
Fair Value, Measurements, Recurring [Member] | Preferred stock | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Preferred stock | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 406 369
Fair Value, Measurements, Recurring [Member] | Mortgages, mortgage-backed and asset-backed | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Mortgages, mortgage-backed and asset-backed | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 5,302 5,799
Fair Value, Measurements, Recurring [Member] | Mortgages, mortgage-backed and asset-backed | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 4,586 4,814
Fair Value, Measurements, Recurring [Member] | Mortgages, mortgage-backed and asset-backed | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Mortgages, mortgage-backed and asset-backed | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 9,888 10,613
Fair Value, Measurements, Recurring [Member] | Municipals and money markets | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 1,333 1,292
Fair Value, Measurements, Recurring [Member] | Municipals and money markets | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 6,595 9,201
Fair Value, Measurements, Recurring [Member] | Municipals and money markets | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 204 1,295
Fair Value, Measurements, Recurring [Member] | Municipals and money markets | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Municipals and money markets | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 8,132 11,788
Fair Value, Measurements, Recurring [Member] | Physical commodities and other | Level 1
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Physical commodities and other | Level 2
    
Assets:    
Trading assets, excluding derivative contracts 744 692
Fair Value, Measurements, Recurring [Member] | Physical commodities and other | Level 3
    
Assets:    
Trading assets, excluding derivative contracts 0 0
Fair Value, Measurements, Recurring [Member] | Physical commodities and other | Netting
    
Assets:    
Trading assets, excluding derivative contracts 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Physical commodities and other | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Trading assets, excluding derivative contracts 744 692
Fair Value, Measurements, Recurring [Member] | Non-agency MBS | Level 1
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring [Member] | Non-agency MBS | Level 2
    
Assets:    
Available-for-sale, fair value 1 40
Fair Value, Measurements, Recurring [Member] | Non-agency MBS | Level 3
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring [Member] | Non-agency MBS | Netting
    
Assets:    
Available-for-sale, fair value 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Non-agency MBS | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Available-for-sale, fair value 1 40
Fair Value, Measurements, Recurring [Member] | Corporate ABS | Level 1
    
Assets:    
Available-for-sale, fair value 0 0
Fair Value, Measurements, Recurring [Member] | Corporate ABS | Level 2
    
Assets:    
Available-for-sale, fair value 201 218
Fair Value, Measurements, Recurring [Member] | Corporate ABS | Level 3
    
Assets:    
Available-for-sale, fair value 8 8
Fair Value, Measurements, Recurring [Member] | Corporate ABS | Netting
    
Assets:    
Available-for-sale, fair value 0 [5] 0 [5]
Fair Value, Measurements, Recurring [Member] | Corporate ABS | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Available-for-sale, fair value 209 226
Fair Value, Measurements, Recurring [Member] | Foreign Securities [Member] | Level 1
    
Assets:    
Other Debt Securities Carried at Fair Value 8,288 [4] 7,422 [4]
Fair Value, Measurements, Recurring [Member] | Foreign Securities [Member] | Level 2
    
Assets:    
Other Debt Securities Carried at Fair Value 460 [4] 300 [4]
Fair Value, Measurements, Recurring [Member] | Foreign Securities [Member] | Level 3
    
Assets:    
Other Debt Securities Carried at Fair Value 0 [4] 0 [4]
Fair Value, Measurements, Recurring [Member] | Foreign Securities [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member]
    
Assets:    
Other Debt Securities Carried at Fair Value    [4],[5] 0 [4],[5]
Fair Value, Measurements, Recurring [Member] | Foreign Securities [Member] | Estimate of Fair Value, Fair Value Disclosure
    
Assets:    
Other Debt Securities Carried at Fair Value $ 8,748 [4] $ 7,722 [4]
[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] ertain assets that are used for liquidity management purposes were reclassified from Trading assets to Other debt securities carried at fair value. Prior period amounts have also been reclassified to conform with the current period presentation.
[3] See Note 6 for product level detail.
[4] Certain assets that are used for liquidity management purposes were reclassified from Trading assets to Other debt securities carried at fair value during the six months ended June 30, 2013. Prior period amounts have been reclassified to conform with the current period presentation.
[5] Represents counterparty and cash collateral netting.