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DERIVATIVES - Credit Derivatives (Details)
$ in Millions
6 Months Ended
Jun. 30, 2022
USD ($)
agency
Dec. 31, 2021
USD ($)
Credit Risk Derivatives    
Fair values, receivable $ 11,801 $ 10,218
Fair values, payable 10,295 11,015
Notionals, protection purchased 682,144 645,996
Notionals, protection sold 638,379 572,486
Fair value of derivative in liability position 18,000 19,000
Fair value of collateral already posted $ 15,000 16,000
Number of rating agencies | agency 3  
Additional collateral to be posted $ 1,100  
Collateral to be segregated 100  
Aggregate cash obligations and collateral requirements 1,200  
Fair value gross derivative assets 348,255 292,628
Purchased    
Credit Risk Derivatives    
Fair values, receivable 9,839 3,705
Fair values, payable 2,672 7,354
Sold    
Credit Risk Derivatives    
Fair values, receivable 1,962 6,513
Fair values, payable 7,623 3,661
Within 1 year    
Credit Risk Derivatives    
Fair values, receivable 2,504 878
Fair values, payable 1,722 1,462
Notionals, protection purchased 159,569 133,866
Notionals, protection sold 160,373 115,603
From 1 to 5 years    
Credit Risk Derivatives    
Fair values, receivable 6,486 6,674
Fair values, payable 6,078 6,638
Notionals, protection purchased 467,326 454,617
Notionals, protection sold 437,448 413,174
After 5 years    
Credit Risk Derivatives    
Fair values, receivable 2,811 2,666
Fair values, payable 2,495 2,915
Notionals, protection purchased 55,249 57,513
Notionals, protection sold 40,558 43,709
Investment grade    
Credit Risk Derivatives    
Fair values, receivable 4,201 4,149
Fair values, payable 3,602 4,258
Notionals, protection purchased 536,771 511,652
Notionals, protection sold 499,423 448,944
Non-investment grade    
Credit Risk Derivatives    
Fair values, receivable 7,600 6,069
Fair values, payable 6,693 6,757
Notionals, protection purchased 145,373 134,344
Notionals, protection sold 138,956 123,542
Credit default swaps and options    
Credit Risk Derivatives    
Fair values, receivable 10,182 9,923
Fair values, payable 9,935 10,234
Notionals, protection purchased 667,694 628,136
Notionals, protection sold 631,332 565,131
Total return swaps and other    
Credit Risk Derivatives    
Fair values, receivable 1,619 295
Fair values, payable 360 781
Notionals, protection purchased 14,450 17,860
Notionals, protection sold 7,047 7,355
Banks    
Credit Risk Derivatives    
Fair values, receivable 3,507 2,375
Fair values, payable 3,767 3,031
Notionals, protection purchased 111,649 108,415
Notionals, protection sold 115,903 103,756
Broker-dealers    
Credit Risk Derivatives    
Fair values, receivable 2,872 1,962
Fair values, payable 1,865 1,139
Notionals, protection purchased 46,453 44,364
Notionals, protection sold 39,567 40,068
Non-financial    
Credit Risk Derivatives    
Fair values, receivable 73 113
Fair values, payable 22 306
Notionals, protection purchased 2,161 2,785
Notionals, protection sold 1,515 2,728
Insurance and other financial institutions    
Credit Risk Derivatives    
Fair values, receivable 5,349 5,768
Fair values, payable 4,641 6,539
Notionals, protection purchased 521,881 490,432
Notionals, protection sold 481,394 425,934
Interest rate swaps    
Credit Risk Derivatives    
Cash proceeds received for assets derecognized 2,000 2,900
Fair value of derecognized assets 1,900 2,900
Fair value gross derivative assets 19 13
Trading derivatives, liability $ 83 $ 58