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Interest Income and Interest Expense (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans $ 12,726 $ 11,634 $ 25,606 $ 22,708
Taxable securities 1,875 1,383 3,580 2,696
Non-taxable securities 340 395 703 805
Total investment securities 2,215 1,778 4,283 3,501
Trading assets - debt instruments 2,915 2,111 5,684 4,214
Federal funds sold and securities purchased under resale agreements 1,676 807 3,323 1,538
Securities borrowed 467 190 864 301
Deposits with banks 1,132 1,543 2,302 2,864
All other interest-earning assets 472 503 930 934
Total interest income [1] 21,603 18,566 42,992 36,060
Interest expense        
Interest-bearing deposits 2,413 1,340 4,601 2,400
Federal funds purchased and securities loaned or sold under repurchase agreements 1,226 759 2,336 1,337
Short-term borrowings 363 260 790 469
Trading liabilities – debt and all other interest-bearing liabilities 762 598 1,481 1,057
Long-term debt 2,266 2,003 4,608 3,756
Beneficial interest issued by consolidated VIEs 175 121 325 244
Total interest expense [1] 7,205 5,081 14,141 9,263
Net interest income 14,398 13,485 28,851 26,797
Provision for credit losses 1,149 1,210 2,644 2,375
Net interest income after provision for credit losses $ 13,249 $ 12,275 $ 26,207 $ 24,422
[1]
In the second quarter of 2019, the Firm implemented certain presentation changes that impacted interest income and interest expense, but had no effect on net interest income. These changes were applied retrospectively and, accordingly, prior period amounts were revised to conform with the current presentation. For additional information, refer to Note 6.