XML 78 R61.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurement - Changes in Level 3 Recurring Measurements (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Net derivative receivables:          
Fair value, beginning balance $ (6,725) $ (3,169) $ (4,993) $ (4,489)  
Total realized/unrealized gains/(losses) 1,422 (884) 831 2,154  
Purchases 375 378 972 1,152  
Sales (1,184) (516) (2,883) (1,843)  
Settlements 485 (462) 607 (686)  
Transfers into level 3 216 (239) 291 (1,073)  
Transfers (out of) level 3 26 471 (210) 364  
Fair value, ending balance (5,385) (4,421) (5,385) (4,421)  
Change in unrealized gains/(losses) related to financial instruments held $ 835 (800) $ (99) 1,838  
Level 3 Rollforward Supplemental Data [Abstract]          
Level 3 assets as a percentage of total firm assets at fair value 2.00%   2.00%   1.00%
Level 3 liabilities as a percentage of total firm liabilities at fair value 8.00%   8.00%   9.00%
Deposits          
Liabilities:          
Fair value, beginning balance $ 2,684 3,217 $ 2,913 3,360  
Total realized/unrealized (gains)/losses (11) 43 (67) 88  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 33 170 252 636  
Settlements (172) (110) (360) (538)  
Transfers into level 3 0 0 2 265  
Transfers (out of) level 3 (157) (264) (363) (755)  
Fair value, ending balance 2,377 3,056 2,377 3,056  
Change in unrealized (gains)/losses related to financials instruments held (7) 87 (60) 137  
Short-term borrowings          
Liabilities:          
Fair value, beginning balance 3,075 2,305 2,420 1,674  
Total realized/unrealized (gains)/losses (699) (47) (1,095) (294)  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 1,166 1,421 5,479 3,961  
Settlements (1,121) (1,093) (4,333) (2,769)  
Transfers into level 3 0 25 9 77  
Transfers (out of) level 3 (10) (3) (69) (41)  
Fair value, ending balance 2,411 2,608 2,411 2,608  
Change in unrealized (gains)/losses related to financials instruments held (124) (47) (117) (27)  
Total debt and equity instruments          
Liabilities:          
Fair value, beginning balance 36 59 51 41  
Total realized/unrealized (gains)/losses (2) (2) (6) 1  
Purchases (8) (5) (100) (81)  
Sales 2 5 36 12  
Issuances 0 0 0 0  
Settlements 0 1 0 (4)  
Transfers into level 3 3 3 62 96  
Transfers (out of) level 3 (1) (4) (13) (8)  
Fair value, ending balance 30 57 30 57  
Change in unrealized (gains)/losses related to financials instruments held 1 (3) (2) 0  
Accounts payable and other liabilities          
Liabilities:          
Fair value, beginning balance 51 91 68 45  
Total realized/unrealized (gains)/losses 0 3 (10) (1)  
Purchases 0 (62) 0 (85)  
Sales 0 4 1 37  
Issuances 0 0 0 0  
Settlements 0 0 0 0  
Transfers into level 3 0 8 0 48  
Transfers (out of) level 3 0 0 (8) 0  
Fair value, ending balance 51 44 51 44  
Change in unrealized (gains)/losses related to financials instruments held 1 3 (9) 1  
Beneficial interests issued by consolidated VIEs          
Liabilities:          
Fair value, beginning balance   0      
Total realized/unrealized (gains)/losses   0      
Purchases   0      
Sales   0      
Issuances   0      
Settlements   0      
Transfers into level 3   0      
Transfers (out of) level 3   0      
Fair value, ending balance   0   0  
Change in unrealized (gains)/losses related to financials instruments held   0      
Long-term debt          
Liabilities:          
Fair value, beginning balance 23,527 22,728 23,397 23,339  
Total realized/unrealized (gains)/losses (216) 766 190 (639)  
Purchases 0 0 0 0  
Sales 0 0 0 0  
Issuances 2,950 1,225 9,884 7,432  
Settlements (2,512) (2,493) (9,250) (7,851)  
Transfers into level 3 11 78 29 1,056  
Transfers (out of) level 3 (246) (88) (736) (1,121)  
Fair value, ending balance 23,514 22,216 23,514 22,216  
Change in unrealized (gains)/losses related to financials instruments held (242) 646 48 (507)  
DVA for fair value option elected liabilities          
Level 3 Rollforward Supplemental Data [Abstract]          
Unrealized (gains)/losses on liabilities recorded in OCI 318 120 300 (78)  
Interest rate          
Net derivative receivables:          
Fair value, beginning balance (22) (104) 258 (332)  
Total realized/unrealized gains/(losses) 618 657 1,587 2,052  
Purchases 21 15 92 102  
Sales (44) (30) (146) (97)  
Settlements (683) (647) (1,874) (1,510)  
Transfers into level 3 13 35 68 (317)  
Transfers (out of) level 3 (16) 102 (98) 130  
Fair value, ending balance (113) 28 (113) 28  
Change in unrealized gains/(losses) related to financial instruments held 246 323 212 290  
Credit          
Net derivative receivables:          
Fair value, beginning balance (17) (137) (224) (139)  
Total realized/unrealized gains/(losses) (9) (62) 140 0  
Purchases 4 22 6 70  
Sales (7) (16) (11) (150)  
Settlements 59 154 103 137  
Transfers into level 3 (4) (12) (13) 59  
Transfers (out of) level 3 (32) 2 (7) (26)  
Fair value, ending balance (6) (49) (6) (49)  
Change in unrealized gains/(losses) related to financial instruments held (1) (21) 143 24  
Foreign exchange          
Net derivative receivables:          
Fair value, beginning balance (583) (595) (434) (607)  
Total realized/unrealized gains/(losses) 2 (57) (196) (214)  
Purchases 28 7 67 46  
Sales (44) (7) (98) (16)  
Settlements 41 (34) 140 75  
Transfers into level 3 (5) 7 6 15  
Transfers (out of) level 3 4 3 (42) 25  
Fair value, ending balance (557) (676) (557) (676)  
Change in unrealized gains/(losses) related to financial instruments held 15 (90) (44) (181)  
Equity          
Net derivative receivables:          
Fair value, beginning balance (4,936) (2,036) (3,862) (3,395)  
Total realized/unrealized gains/(losses) 723 (1,437) (195) 564  
Purchases 192 323 667 912  
Sales (1,001) (384) (2,246) (1,473)  
Settlements 912 29 1,638 558  
Transfers into level 3 214 33 233 (524)  
Transfers (out of) level 3 59 369 (72) 255  
Fair value, ending balance (3,837) (3,103) (3,837) (3,103)  
Change in unrealized gains/(losses) related to financial instruments held 397 (1,051) (187) 1,342  
Commodity          
Net derivative receivables:          
Fair value, beginning balance (1,167) (297) (731) (16)  
Total realized/unrealized gains/(losses) 88 15 (505) (248)  
Purchases 130 11 140 22  
Sales (88) (79) (382) (107)  
Settlements 156 36 600 54  
Transfers into level 3 (2) (302) (3) (306)  
Transfers (out of) level 3 11 (5) 9 (20)  
Fair value, ending balance (872) (621) (872) (621)  
Change in unrealized gains/(losses) related to financial instruments held 178 39 (223) 363  
Total mortgage-backed securities          
Assets:          
Fair value, beginning balance 355 494 480 824  
Total realized/unrealized gains/(losses) (5) (4) (14) (154)  
Purchases 23 118 56 147  
Sales (6) (30) (87) (153)  
Settlements (39) (41) (106) (125)  
Transfers into level 3 14 0 15 1  
Transfers (out of) level 3 0 (3) (2) (6)  
Fair value, ending balance 342 534 342 534  
Change in unrealized gains/(losses) related to financial instruments held (7) (2) (21) (134)  
Mortgage-backed securities, U.S. GSEs and government agencies          
Assets:          
Fair value, beginning balance 329 469 449 797  
Total realized/unrealized gains/(losses) (12) (4) (22) (153)  
Purchases 13 110 20 134  
Sales (6) (28) (62) (149)  
Settlements (25) (40) (86) (122)  
Transfers into level 3 0 0 1 0  
Transfers (out of) level 3 0 0 (1) 0  
Fair value, ending balance 299 507 299 507  
Change in unrealized gains/(losses) related to financial instruments held (12) (2) (25) (140)  
Mortgage-backed securities, Residential - nonagency          
Assets:          
Fair value, beginning balance 16 23 28 23  
Total realized/unrealized gains/(losses) 0 0 1 (1)  
Purchases 9 8 24 12  
Sales 0 (2) (24) (4)  
Settlements (1) (1) (4) (2)  
Transfers into level 3 0 0 0 0  
Transfers (out of) level 3 0 (3) (1) (3)  
Fair value, ending balance 24 25 24 25  
Change in unrealized gains/(losses) related to financial instruments held (1) 0 (2) 2  
Mortgage-backed securities, Commercial - nonagency          
Assets:          
Fair value, beginning balance 10 2 3 4  
Total realized/unrealized gains/(losses) 7 0 7 0  
Purchases 1 0 12 1  
Sales 0 0 (1) 0  
Settlements (13) 0 (16) (1)  
Transfers into level 3 14 0 14 1  
Transfers (out of) level 3 0 0 0 (3)  
Fair value, ending balance 19 2 19 2  
Change in unrealized gains/(losses) related to financial instruments held 6 0 6 4  
Total debt and equity instruments          
Assets:          
Fair value, beginning balance 2,600 3,129 2,623 2,685  
Total realized/unrealized gains/(losses) (54) 171 8 (70)  
Purchases 433 718 1,945 1,907  
Sales (464) (388) (1,377) (987)  
Settlements (204) (293) (460) (525)  
Transfers into level 3 510 188 882 1,245  
Transfers (out of) level 3 (296) (567) (1,096) (1,297)  
Fair value, ending balance 2,525 2,958 2,525 2,958  
Change in unrealized gains/(losses) related to financial instruments held (39) 163 (81) 73  
Total debt instruments          
Assets:          
Fair value, beginning balance 1,863 2,559 2,098 2,257  
Total realized/unrealized gains/(losses) (39) 72 (28) (230)  
Purchases 411 502 1,569 1,657  
Sales (420) (280) (1,263) (869)  
Settlements (173) (291) (374) (502)  
Transfers into level 3 448 82 739 982  
Transfers (out of) level 3 (257) (525) (908) (1,176)  
Fair value, ending balance 1,833 2,119 1,833 2,119  
Change in unrealized gains/(losses) related to financial instruments held (31) 57 (26) (150)  
Obligations of U.S. states and municipalities          
Assets:          
Fair value, beginning balance 8 8 8 10  
Total realized/unrealized gains/(losses) 0 0 0 0  
Purchases 0 0 0 0  
Sales 0 0 0 (1)  
Settlements (1) 0 (1) (1)  
Transfers into level 3 0 0 0 0  
Transfers (out of) level 3 0 0 0 0  
Fair value, ending balance 7 8 7 8  
Change in unrealized gains/(losses) related to financial instruments held 0 0 0 0  
Non-U.S. government debt securities          
Assets:          
Fair value, beginning balance 183 167 182 155  
Total realized/unrealized gains/(losses) (2) 6 (10) 10  
Purchases 128 25 330 164  
Sales (98) (23) (284) (148)  
Settlements 0 (2) (7) (7)  
Transfers into level 3 0 0 0 0  
Transfers (out of) level 3 (107) (8) (107) (9)  
Fair value, ending balance 104 165 104 165  
Change in unrealized gains/(losses) related to financial instruments held (1) 6 (2) 7  
Corporate debt securities          
Assets:          
Fair value, beginning balance 487 946 507 558  
Total realized/unrealized gains/(losses) (33) 45 (18) (10)  
Purchases 38 114 357 475  
Sales (115) (33) (415) (131)  
Settlements (3) (225) (3) (234)  
Transfers into level 3 25 4 138 296  
Transfers (out of) level 3 (29) (202) (196) (305)  
Fair value, ending balance 370 649 370 649  
Change in unrealized gains/(losses) related to financial instruments held (25) 45 (3) 13  
Loans          
Assets:          
Fair value, beginning balance 795 905 893 673  
Total realized/unrealized gains/(losses) 0 22 6 (72)  
Purchases 219 240 785 829  
Sales (197) (173) (434) (400)  
Settlements (130) (21) (256) (130)  
Transfers into level 3 409 69 584 676  
Transfers (out of) level 3 (114) (312) (596) (846)  
Fair value, ending balance 982 730 982 730  
Change in unrealized gains/(losses) related to financial instruments held 2 8 0 (35)  
Asset-backed securities          
Assets:          
Fair value, beginning balance 35 39 28 37  
Total realized/unrealized gains/(losses) 1 3 8 (4)  
Purchases 3 5 41 42  
Sales (4) (21) (43) (36)  
Settlements 0 (2) (1) (5)  
Transfers into level 3 0 9 2 9  
Transfers (out of) level 3 (7) 0 (7) (10)  
Fair value, ending balance 28 33 28 33  
Change in unrealized gains/(losses) related to financial instruments held 0 0 0 (1)  
Equity securities          
Assets:          
Fair value, beginning balance 690 191 476 196  
Total realized/unrealized gains/(losses) (41) 24 (38) (79)  
Purchases 5 13 258 37  
Sales (44) (104) (114) (109)  
Settlements 0 0 0 0  
Transfers into level 3 62 104 140 259  
Transfers (out of) level 3 (38) (42) (88) (118)  
Fair value, ending balance 634 186 634 186  
Change in unrealized gains/(losses) related to financial instruments held (34) 29 (92) (40)  
Other          
Assets:          
Fair value, beginning balance 47 379 49 232  
Total realized/unrealized gains/(losses) 26 75 74 239  
Purchases 17 203 118 213  
Sales 0 (4) 0 (9)  
Settlements (31) (2) (86) (23)  
Transfers into level 3 0 2 3 4  
Transfers (out of) level 3 (1) 0 (100) (3)  
Fair value, ending balance 58 653 58 653  
Change in unrealized gains/(losses) related to financial instruments held 26 77 37 263  
Total available-for-sale securities          
Assets:          
Fair value, beginning balance 0 0 0 1  
Total realized/unrealized gains/(losses) 0 0 0 0  
Purchases 95 0 95 0  
Sales 0 0 0 0  
Settlements 0 0 0 (1)  
Transfers into level 3 0 0 0 0  
Transfers (out of) level 3 0 0 0 0  
Fair value, ending balance 95 0 95 0  
Change in unrealized gains/(losses) related to financial instruments held 0 0 0 0  
Corporate debt securities          
Assets:          
Fair value, beginning balance 0   0    
Total realized/unrealized gains/(losses) 0   0    
Purchases 95   95    
Sales 0   0    
Settlements 0   0    
Transfers into level 3 0   0    
Transfers (out of) level 3 0   0    
Fair value, ending balance 95   95    
Change in unrealized gains/(losses) related to financial instruments held 0   0    
Mortgage-backed securities          
Assets:          
Fair value, beginning balance   0   1  
Total realized/unrealized gains/(losses)   0   0  
Purchases   0   0  
Sales   0   0  
Settlements   0   (1)  
Transfers into level 3   0   0  
Transfers (out of) level 3   0   0  
Fair value, ending balance   0   0  
Change in unrealized gains/(losses) related to financial instruments held   0   0  
Loans          
Assets:          
Fair value, beginning balance 1,734 1,874 2,305 516  
Total realized/unrealized gains/(losses) (13) (44) (79) (195)  
Purchases 209 197 516 450  
Sales (1) (44) (326) (77)  
Settlements (180) (324) (699) (678)  
Transfers into level 3 427 316 1,027 2,312  
Transfers (out of) level 3 (105) (169) (673) (522)  
Fair value, ending balance 2,071 1,806 2,071 1,806  
Change in unrealized gains/(losses) related to financial instruments held (11) (44) (92) (147)  
Mortgage servicing rights          
Assets:          
Fair value, beginning balance 4,549 3,080 3,276 4,699  
Total realized/unrealized gains/(losses) (11) 34 258 (1,459)  
Purchases 1,013 221 2,410 663  
Sales 1 (104) (23) (177)  
Settlements (201) (215) (570) (710)  
Transfers into level 3 0 0 0 0  
Transfers (out of) level 3 0 0 0 0  
Fair value, ending balance 5,351 3,016 5,351 3,016  
Change in unrealized gains/(losses) related to financial instruments held (11) 34 258 (1,459)  
Other assets          
Assets:          
Fair value, beginning balance 518 701 538 917  
Total realized/unrealized gains/(losses) (35) (21) 9 (56)  
Purchases 3 5 10 66  
Sales 0 0 (18) (28)  
Settlements (165) (27) (217) (281)  
Transfers into level 3 0 0 0 40  
Transfers (out of) level 3 0 0 (1) 0  
Fair value, ending balance 321 658 321 658  
Change in unrealized gains/(losses) related to financial instruments held $ (34) $ 32 $ 22 $ 4