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DERIVATIVES - Credit Derivatives (Details)
$ in Millions
3 Months Ended
Mar. 31, 2022
USD ($)
agency
Dec. 31, 2021
USD ($)
Credit Risk Derivatives    
Fair values, receivable $ 11,243 $ 10,218
Fair values, payable 11,146 11,015
Notionals, protection purchased 770,692 645,996
Notionals, protection sold 714,636 572,486
Fair value of derivative in liability position 19,000 19,000
Fair value of collateral already posted $ 16,000 16,000
Number of rating agencies | agency 3  
Additional collateral to be posted $ 1,600  
Collateral to be segregated 100  
Aggregate cash obligations and collateral requirements 1,700  
Purchased    
Credit Risk Derivatives    
Fair values, receivable 5,310 3,705
Fair values, payable 6,250 7,354
Sold    
Credit Risk Derivatives    
Fair values, receivable 5,933 6,513
Fair values, payable 4,896 3,661
Within 1 year    
Credit Risk Derivatives    
Fair values, receivable 1,329 878
Fair values, payable 1,547 1,462
Notionals, protection purchased 166,987 133,866
Notionals, protection sold 158,945 115,603
From 1 to 5 years    
Credit Risk Derivatives    
Fair values, receivable 7,110 6,674
Fair values, payable 6,951 6,638
Notionals, protection purchased 496,438 454,617
Notionals, protection sold 454,804 413,174
After 5 years    
Credit Risk Derivatives    
Fair values, receivable 2,804 2,666
Fair values, payable 2,648 2,915
Notionals, protection purchased 107,267 57,513
Notionals, protection sold 100,887 43,709
Investment grade    
Credit Risk Derivatives    
Fair values, receivable 4,244 4,149
Fair values, payable 3,846 4,258
Notionals, protection purchased 612,115 511,652
Notionals, protection sold 559,959 448,944
Non-investment grade    
Credit Risk Derivatives    
Fair values, receivable 6,999 6,069
Fair values, payable 7,300 6,757
Notionals, protection purchased 158,577 134,344
Notionals, protection sold 154,677 123,542
Credit default swaps and options    
Credit Risk Derivatives    
Fair values, receivable 10,415 9,923
Fair values, payable 10,719 10,234
Notionals, protection purchased 756,803 628,136
Notionals, protection sold 708,569 565,131
Total return swaps and other    
Credit Risk Derivatives    
Fair values, receivable 828 295
Fair values, payable 427 781
Notionals, protection purchased 13,889 17,860
Notionals, protection sold 6,067 7,355
Banks    
Credit Risk Derivatives    
Fair values, receivable 2,768 2,375
Fair values, payable 3,253 3,031
Notionals, protection purchased 120,240 108,415
Notionals, protection sold 116,278 103,756
Broker-dealers    
Credit Risk Derivatives    
Fair values, receivable 2,396 1,962
Fair values, payable 1,474 1,139
Notionals, protection purchased 48,553 44,364
Notionals, protection sold 43,749 40,068
Non-financial    
Credit Risk Derivatives    
Fair values, receivable 101 113
Fair values, payable 17 306
Notionals, protection purchased 2,578 2,785
Notionals, protection sold 2,374 2,728
Insurance and other financial institutions    
Credit Risk Derivatives    
Fair values, receivable 5,978 5,768
Fair values, payable 6,402 6,539
Notionals, protection purchased 599,321 490,432
Notionals, protection sold 552,235 425,934
Interest rate swaps    
Credit Risk Derivatives    
Cash proceeds received for assets derecognized 800 2,900
Fair value of derecognized assets 800 2,900
Fair value gross derivative assets 30 13
Trading derivatives, liability $ 5 $ 58