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Interest Income and Interest Expense (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans $ 10,145 $ 10,889 $ 20,332 $ 23,194
Taxable securities 1,577 2,154 3,182 4,387
Non-taxable securities 270 307 547 607
Total investment securities 1,847 2,461 3,729 4,994
Trading assets - debt instruments 1,711 2,066 3,493 4,130
Federal funds sold and securities purchased under resale agreements 175 601 408 1,696
Securities borrowed (90) (175) (167) (23)
Deposits with banks 103 70 168 639
All other interest-earning assets 203 200 402 643
Total interest income 14,094 16,112 28,365 35,273
Interest expense        
Interest-bearing deposits 132 349 278 1,924
Federal funds purchased and securities loaned or sold under repurchase agreements 60 131 75 918
Short-term borrowings 33 124 66 275
Trading liabilities – debt and all other interest-bearing liabilities 51 (43) 78 329
Long-term debt 1,056 1,639 2,190 3,386
Beneficial interest issued by consolidated VIEs 21 59 48 149
Total interest expense 1,353 2,259 2,735 6,981
Net interest income 12,741 13,853 25,630 28,292
Provision for credit losses (2,285) 10,473 (6,441) 18,758
Net interest income after provision for credit losses $ 15,026 $ 3,380 $ 32,071 $ 9,534