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DERIVATIVES - Credit Derivatives (Details)
$ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
counterparty
agency
Dec. 31, 2019
USD ($)
Credit Derivative    
Percentage of receivables from counterparties with collateral agreements 97.00% 98.00%
Number of top counterparties which are banks, financial institutions, and other dealers | counterparty 15  
Fair value, Receivable $ 9,789 $ 10,409
Fair Value, Payable 10,129 10,738
Notionals, Protection purchased 612,770 703,926
Notionals, Protection sold 543,607 603,387
Fair value of derivative in liability position 25,000 30,000
Fair value of collateral already posted $ 22,000 28,000
Number of rating agencies | agency 3  
Additional collateral to be posted $ 800  
Collateral to be segregated 200  
Aggregate cash obligations and collateral requirements 1,000  
Purchased    
Credit Derivative    
Fair value, Receivable 3,514 3,415
Fair Value, Payable 7,037 7,793
Sold    
Credit Derivative    
Fair value, Receivable 6,275 6,994
Fair Value, Payable 3,092 2,945
Within 1 year    
Credit Derivative    
Fair value, Receivable 914 1,806
Fair Value, Payable 1,355 2,181
Notionals, Protection purchased 134,080 231,135
Notionals, Protection sold 125,464 176,188
From 1 to 5 years    
Credit Derivative    
Fair value, Receivable 6,022 7,275
Fair Value, Payable 5,991 7,265
Notionals, Protection purchased 421,682 414,237
Notionals, Protection sold 374,376 379,915
After 5 years    
Credit Derivative    
Fair value, Receivable 2,853 1,328
Fair Value, Payable 2,783 1,292
Notionals, Protection purchased 57,008 58,554
Notionals, Protection sold 43,767 47,284
Investment Grade    
Credit Derivative    
Fair value, Receivable 4,136 4,579
Fair Value, Payable 4,037 4,578
Notionals, Protection purchased 478,643 560,806
Notionals, Protection sold 418,147 470,778
Non-Investment Grade    
Credit Derivative    
Fair value, Receivable 5,653 5,830
Fair Value, Payable 6,092 6,160
Notionals, Protection purchased 134,127 143,120
Notionals, Protection sold 125,460 132,609
Credit default swaps and options    
Credit Derivative    
Fair value, Receivable 9,254 9,759
Fair Value, Payable 9,254 9,791
Notionals, Protection purchased 599,633 685,643
Notionals, Protection sold 538,426 593,850
Total return swaps and other    
Credit Derivative    
Fair value, Receivable 535 650
Fair Value, Payable 875 947
Notionals, Protection purchased 13,137 18,283
Notionals, Protection sold 5,181 9,537
Banks    
Credit Derivative    
Fair value, Receivable 2,902 4,017
Fair Value, Payable 3,187 4,102
Notionals, Protection purchased 117,685 172,461
Notionals, Protection sold 120,739 169,546
Broker-dealers    
Credit Derivative    
Fair value, Receivable 1,770 1,724
Fair Value, Payable 1,215 1,528
Notionals, Protection purchased 46,928 54,843
Notionals, Protection sold 44,692 53,846
Non-financial    
Credit Derivative    
Fair value, Receivable 109 92
Fair Value, Payable 90 76
Notionals, Protection purchased 5,740 2,601
Notionals, Protection sold 2,217 1,968
Insurance and other financial institutions    
Credit Derivative    
Fair value, Receivable 5,008 4,576
Fair Value, Payable 5,637 5,032
Notionals, Protection purchased 442,417 474,021
Notionals, Protection sold 375,959 378,027
Interest rate swaps    
Credit Derivative    
Amount derecognized 2,000 5,800
Cash proceeds received for assets derecognized 2,000 5,800
Fair value of derecognized assets 2,200 5,900
Fair value gross derivative assets 135 117
Trading derivatives, liability $ 7 $ 43