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DERIVATIVES - Credit Derivatives (Details)
$ in Millions
3 Months Ended
Mar. 31, 2020
USD ($)
agency
Dec. 31, 2019
USD ($)
Credit Risk Derivatives    
Fair values, Receivable $ 16,481 $ 10,409
Fair values, Payable 15,173 10,738
Notionals, Protection purchased 695,218 703,926
Notionals, Protection sold 624,063 603,387
Fair value of derivative in liability position 34,000 30,000
Fair value of collateral already posted $ 29,000 28,000
Number of rating agencies | agency 3  
Additional collateral to be posted $ 1,000  
Collateral to be segregated 200  
Aggregate cash obligations and collateral requirements 1,200  
Purchased    
Credit Risk Derivatives    
Fair values, Receivable 13,355 3,415
Fair values, Payable 4,088 7,793
Sold    
Credit Risk Derivatives    
Fair values, Receivable 3,126 6,994
Fair values, Payable 11,805 2,945
Within 1 year    
Credit Risk Derivatives    
Fair values, Receivable 2,913 1,806
Fair values, Payable 2,752 2,181
Notionals, Protection purchased 170,955 231,135
Notionals, Protection sold 148,981 176,188
From 1 to 5 years    
Credit Risk Derivatives    
Fair values, Receivable 9,195 7,275
Fair values, Payable 8,467 7,265
Notionals, Protection purchased 429,874 414,237
Notionals, Protection sold 391,944 379,915
After 5 years    
Credit Risk Derivatives    
Fair values, Receivable 4,373 1,328
Fair values, Payable 3,954 1,292
Notionals, Protection purchased 94,389 58,554
Notionals, Protection sold 83,138 47,284
Investment grade    
Credit Risk Derivatives    
Fair values, Receivable 5,708 4,579
Fair values, Payable 5,243 4,578
Notionals, Protection purchased 542,640 560,806
Notionals, Protection sold 481,482 470,778
Non-investment grade    
Credit Risk Derivatives    
Fair values, Receivable 10,773 5,830
Fair values, Payable 9,930 6,160
Notionals, Protection purchased 152,578 143,120
Notionals, Protection sold 142,581 132,609
Credit default swaps and options    
Credit Risk Derivatives    
Fair values, Receivable 14,555 9,759
Fair values, Payable 13,459 9,791
Notionals, Protection purchased 679,118 685,643
Notionals, Protection sold 618,108 593,850
Total return swaps and other    
Credit Risk Derivatives    
Fair values, Receivable 1,926 650
Fair values, Payable 1,714 947
Notionals, Protection purchased 16,100 18,283
Notionals, Protection sold 5,955 9,537
Banks    
Credit Risk Derivatives    
Fair values, Receivable 5,665 4,017
Fair values, Payable 5,633 4,102
Notionals, Protection purchased 162,933 172,461
Notionals, Protection sold 167,923 169,546
Broker-dealers    
Credit Risk Derivatives    
Fair values, Receivable 3,400 1,724
Fair values, Payable 2,947 1,528
Notionals, Protection purchased 63,281 54,843
Notionals, Protection sold 63,382 53,846
Non-financial    
Credit Risk Derivatives    
Fair values, Receivable 140 92
Fair values, Payable 82 76
Notionals, Protection purchased 4,223 2,601
Notionals, Protection sold 1,825 1,968
Insurance and other financial institutions    
Credit Risk Derivatives    
Fair values, Receivable 7,276 4,576
Fair values, Payable 6,511 5,032
Notionals, Protection purchased 464,781 474,021
Notionals, Protection sold 390,933 378,027
Interest rate swaps    
Credit Risk Derivatives    
Cash proceeds received for assets derecognized 2,400 5,800
Fair value of derecognized assets 2,400 5,900
Fair value gross derivative assets 56 117
Trading derivatives, liability $ 115 $ 43