Restricted Cash, Other Restricted Assets and Intercompany Funds Transfers (Tables)

12 Months Ended

Dec. 31, 2020

Cash and Cash Equivalents [Abstract]

Components of restricted cash

The following table presents the components of the Firm’s restricted cash:

December 31, (in billions)	2020		2019
Cash reserves – Federal Reserve Banks(a)	$	—	$	26.6
Segregated for the benefit of securities and cleared derivative customers	19.3		16.0
Cash reserves at non-U.S. central banks and held for other general purposes	5.1		3.9
Total restricted cash(b)	$	24.4	$	46.5

(a)Effective March 26, 2020, the Federal Reserve eliminated reserve requirements for depository institutions

(b)Comprises $22.7 billion and $45.3 billion in deposits with banks, and $1.7 billion and $1.2 billion in cash and due from banks on the Consolidated balance sheets as of December 31, 2020 and 2019, respectively.