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Interest Income and Interest Expense (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans $ 12,586 $ 12,207 $ 38,192 $ 34,915
Taxable securities 2,132 1,402 5,712 4,098
Non-taxable securities 318 394 1,021 1,199
Total investment securities 2,450 1,796 6,733 5,297
Trading assets - debt instruments 2,659 2,155 8,343 6,369
Federal funds sold and securities purchased under resale agreements 1,542 952 4,865 2,490
Securities borrowed 434 248 1,298 549
Deposits with banks 898 1,585 3,200 4,449
All other interest-earning assets 552 496 1,482 1,430
Total interest income [1] 21,121 19,439 64,113 55,499
Interest expense        
Interest-bearing deposits 2,409 1,621 7,010 4,021
Federal funds purchased and securities loaned or sold under repurchase agreements 1,241 827 3,577 2,164
Short-term borrowings 261 288 1,051 757
Trading liabilities – debt and all other interest-bearing liabilities 660 617 2,141 1,674
Long-term debt 2,188 2,056 6,796 5,812
Beneficial interest issued by consolidated VIEs 134 122 459 366
Total interest expense [1] 6,893 5,531 21,034 14,794
Net interest income 14,228 13,908 43,079 40,705
Provision for credit losses 1,514 948 4,158 3,323
Net interest income after provision for credit losses $ 12,714 $ 12,960 $ 38,921 $ 37,382
[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. Refer to Note 6 for additional information.