XML 229 R191.htm IDEA: XBRL DOCUMENT v3.25.0.1
FAIR VALUE MEASUREMENT - Level 3 Roll Forward (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Gains (losses), location   Realized gains on sales of investments, net
Trading account assets and liabilities    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net $ (2,218) $ (578)
Net realized/unrealized gains (losses) included in principal transactions 408 (1,744)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 266 185
Transfers out of Level 3 818 974
Purchases (955) (1,060)
Issuances 19 6
Sales (375) (197)
Settlements 712 196
Balance at end of period, asset (liability), net (1,325) (2,218)
Unrealized gains (losses) still held (721) (2,890)
Trading account assets and liabilities | Interest rate contracts    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net (1,085) 355
Net realized/unrealized gains (losses) included in principal transactions (875) (1,588)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 275 (172)
Transfers out of Level 3 462 (314)
Purchases 94 21
Issuances 19 6
Sales (35) 58
Settlements 815 549
Balance at end of period, asset (liability), net (330) (1,085)
Unrealized gains (losses) still held (381) (1,481)
Trading account assets and liabilities | Foreign exchange contracts    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net 295 50
Net realized/unrealized gains (losses) included in principal transactions 600 412
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 100 91
Transfers out of Level 3 (485) 46
Purchases 13 135
Issuances 0 0
Sales (197) (107)
Settlements (141) (332)
Balance at end of period, asset (liability), net 185 295
Unrealized gains (losses) still held (474) (144)
Trading account assets and liabilities | Equity contracts    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net (1,634) (1,104)
Net realized/unrealized gains (losses) included in principal transactions 68 (672)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 (135) 32
Transfers out of Level 3 1,022 858
Purchases (954) (819)
Issuances 0 0
Sales (77) (114)
Settlements 22 185
Balance at end of period, asset (liability), net (1,688) (1,634)
Unrealized gains (losses) still held (459) (927)
Trading account assets and liabilities | Commodity contracts    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net 279 278
Net realized/unrealized gains (losses) included in principal transactions 460 324
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 46 235
Transfers out of Level 3 (210) 77
Purchases (104) (389)
Issuances 0 0
Sales (66) (34)
Settlements (1) (212)
Balance at end of period, asset (liability), net 404 279
Unrealized gains (losses) still held 512 (284)
Trading account assets and liabilities | Credit derivatives    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period, asset (liability), net (73) (157)
Net realized/unrealized gains (losses) included in principal transactions 155 (220)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 (20) (1)
Transfers out of Level 3 29 307
Purchases (4) (8)
Issuances 0 0
Sales 0 0
Settlements 17 6
Balance at end of period, asset (liability), net 104 (73)
Unrealized gains (losses) still held 81 (54)
Deposits    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 29 15
Net realized/unrealized gains (losses) included in principal transactions 1 (7)
Net realized/unrealized gains (losses) included in locations Other 4 (4)
Transfers into Level 3 51 50
Transfers out of Level 3 (40) (118)
Purchases 0 0
Issuances 39 84
Sales 0 0
Settlements (35) (13)
Balance at end of period 39 29
Unrealized gains (losses) still held 1 9
Securities loaned and sold under agreements to repurchase    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 390 1,031
Net realized/unrealized gains (losses) included in principal transactions 5 (5)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 (24)
Purchases 976 1,335
Issuances 0 61
Sales 0 0
Settlements (971) (2,018)
Balance at end of period 390 390
Unrealized gains (losses) still held 5 0
Trading account liabilities | Securities sold, not yet purchased    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 35 50
Net realized/unrealized gains (losses) included in principal transactions (14) (30)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 35 22
Transfers out of Level 3 (30) (49)
Purchases 116 123
Issuances 0 0
Sales 0 0
Settlements (142) (141)
Balance at end of period 28 35
Unrealized gains (losses) still held 5 (13)
Trading account liabilities | Other trading liabilities    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 0 3
Net realized/unrealized gains (losses) included in principal transactions 0 1
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 0 4
Transfers out of Level 3 0 (2)
Purchases 0 3
Issuances 0 0
Sales 0 0
Settlements 0 (7)
Balance at end of period 0 0
Unrealized gains (losses) still held 0 0
Short-term borrowings    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 481 38
Net realized/unrealized gains (losses) included in principal transactions (94) 44
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 88 62
Transfers out of Level 3 (560) (31)
Purchases 1 2
Issuances 479 488
Sales 0 0
Settlements (286) (34)
Balance at end of period 297 481
Unrealized gains (losses) still held (37) (27)
Long-term debt    
Fair value, Derivative assets (liabilities) measured on recurring basis, level 3 fair-value category reconciliation    
Transfers into Level 3 4,600 4,900
Transfers out of Level 3 (22,900) (10,200)
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 38,380 36,117
Net realized/unrealized gains (losses) included in principal transactions 1,757 (1,039)
Net realized/unrealized gains (losses) included in locations Other 0 0
Transfers into Level 3 4,626 4,913
Transfers out of Level 3 (22,923) (10,215)
Purchases 0 0
Issuances 5,995 9,811
Sales 0 0
Settlements (3,221) (3,285)
Balance at end of period 21,100 38,380
Unrealized gains (losses) still held 1,731 (2,644)
Other financial liabilities measured on a recurring basis    
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 6 2
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in locations Other 0 6
Transfers into Level 3 0 0
Transfers out of Level 3 0 (1)
Purchases 0 6
Issuances 5 49
Sales 0 (20)
Settlements (11) (24)
Balance at end of period 0 6
Unrealized gains (losses) still held 0 0
Securities borrowed and purchased under agreements to resell    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 139 149
Net realized/unrealized gains (losses) included in principal transactions (4) 8
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 (2)
Purchases 111 308
Issuances 0 0
Sales 0 0
Settlements (118) (324)
Balance at end of period 128 139
Unrealized gains (losses) still held (4) 13
Trading non-derivative assets    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 3,119 2,940
Net realized/unrealized gains (losses) included in principal transactions 237 525
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 1,319 1,838
Transfers out of Level 3 (2,393) (2,114)
Purchases 2,586 4,134
Issuances 34 2
Sales (3,491) (4,200)
Settlements (34) (6)
Balance at end of period 1,377 3,119
Unrealized gains (losses) still held 88 74
Trading non-derivative assets | U.S. government-sponsored agency guaranteed    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 581 600
Net realized/unrealized gains (losses) included in principal transactions (50) 7
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 456 396
Transfers out of Level 3 (856) (543)
Purchases 667 616
Issuances 0 0
Sales (497) (495)
Settlements 0 0
Balance at end of period 301 581
Unrealized gains (losses) still held (18) 14
Trading non-derivative assets | Residential    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 116 166
Net realized/unrealized gains (losses) included in principal transactions (8) 2
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 84 103
Transfers out of Level 3 (79) (110)
Purchases 159 197
Issuances 0 0
Sales (205) (242)
Settlements 0 0
Balance at end of period 67 116
Unrealized gains (losses) still held (1) (20)
Trading non-derivative assets | Commercial    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 202 145
Net realized/unrealized gains (losses) included in principal transactions 17 (25)
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 56 202
Transfers out of Level 3 (189) (88)
Purchases 162 118
Issuances 0 0
Sales (212) (150)
Settlements 0 0
Balance at end of period 36 202
Unrealized gains (losses) still held (4) (15)
Trading non-derivative assets | Mortgage-backed securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 899 911
Net realized/unrealized gains (losses) included in principal transactions (41) (16)
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 596 701
Transfers out of Level 3 (1,124) (741)
Purchases 988 931
Issuances 0 0
Sales (914) (887)
Settlements 0 0
Balance at end of period 404 899
Unrealized gains (losses) still held (23) (21)
Trading non-derivative assets | U.S. Treasury and federal agency securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 7 1
Net realized/unrealized gains (losses) included in principal transactions 4 (4)
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 1 10
Transfers out of Level 3 (1) 0
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements (10) 0
Balance at end of period 1 7
Unrealized gains (losses) still held 0 0
Trading non-derivative assets | State and municipal    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 3 7
Net realized/unrealized gains (losses) included in principal transactions 2 (3)
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 20 21
Transfers out of Level 3 (10) (2)
Purchases 0 0
Issuances 0 0
Sales (4) (20)
Settlements 0 0
Balance at end of period 11 3
Unrealized gains (losses) still held 1 0
Trading non-derivative assets | Foreign government    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 54 119
Net realized/unrealized gains (losses) included in principal transactions (9) (18)
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 21 8
Transfers out of Level 3 (49) (66)
Purchases 192 174
Issuances 0 0
Sales (194) (163)
Settlements 0 0
Balance at end of period 15 54
Unrealized gains (losses) still held 0 (1)
Trading non-derivative assets | Corporate    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 500 394
Net realized/unrealized gains (losses) included in principal transactions 155 289
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 188 285
Transfers out of Level 3 (484) (691)
Purchases 587 1,163
Issuances 0 0
Sales (669) (940)
Settlements (8) 0
Balance at end of period 269 500
Unrealized gains (losses) still held 97 (6)
Trading non-derivative assets | Marketable equity securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 292 192
Net realized/unrealized gains (losses) included in principal transactions 5 68
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 239 99
Transfers out of Level 3 (75) (39)
Purchases 169 146
Issuances 0 0
Sales (464) (174)
Settlements 0 0
Balance at end of period 166 292
Unrealized gains (losses) still held (8) 62
Trading non-derivative assets | Asset-backed securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 531 668
Net realized/unrealized gains (losses) included in principal transactions (53) 25
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 54 105
Transfers out of Level 3 (210) (138)
Purchases 273 801
Issuances 0 0
Sales (417) (930)
Settlements 0 0
Balance at end of period 178 531
Unrealized gains (losses) still held (21) 12
Trading non-derivative assets | Other trading assets    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 833 648
Net realized/unrealized gains (losses) included in principal transactions 174 184
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 200 609
Transfers out of Level 3 (440) (437)
Purchases 377 919
Issuances 34 2
Sales (829) (1,086)
Settlements (16) (6)
Balance at end of period 333 833
Unrealized gains (losses) still held 42 28
Investments    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 1,799 2,049
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (86) 64
Transfers into Level 3 96 116
Transfers out of Level 3 (620) (560)
Purchases 436 1,337
Issuances 0 0
Sales (549) (1,207)
Settlements 0 0
Balance at end of period 1,076 1,799
Unrealized gains (losses) still held (29) 109
Investments | U.S. government-sponsored agency guaranteed    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 75 30
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 4 4
Transfers into Level 3 3 0
Transfers out of Level 3 0 (3)
Purchases 7 47
Issuances 0 0
Sales (53) (3)
Settlements 0 0
Balance at end of period 36 75
Unrealized gains (losses) still held 5 2
Investments | Residential    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 116 41
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (3) 1
Transfers into Level 3 5 0
Transfers out of Level 3 (90) 0
Purchases 0 90
Issuances 0 0
Sales 0 (16)
Settlements 0 0
Balance at end of period 28 116
Unrealized gains (losses) still held (3) 1
Investments | Commercial    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 0 0
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Balance at end of period 0 0
Unrealized gains (losses) still held 0 0
Investments | Mortgage-backed securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 191 71
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 1 5
Transfers into Level 3 8 0
Transfers out of Level 3 (90) (3)
Purchases 7 137
Issuances 0 0
Sales (53) (19)
Settlements 0 0
Balance at end of period 64 191
Unrealized gains (losses) still held 2 3
Investments | U.S. Treasury and federal agency securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 0 0
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 0 (1)
Transfers into Level 3 0 0
Transfers out of Level 3 0 (20)
Purchases 0 51
Issuances 0 0
Sales 0 (30)
Settlements 0 0
Balance at end of period 0 0
Unrealized gains (losses) still held 0 0
Investments | State and municipal    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 542 586
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (31) 27
Transfers into Level 3 0 2
Transfers out of Level 3 (8) (86)
Purchases 14 64
Issuances 0 0
Sales (89) (51)
Settlements 0 0
Balance at end of period 428 542
Unrealized gains (losses) still held (14) 31
Investments | Foreign government    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 194 608
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (16) (13)
Transfers into Level 3 8 27
Transfers out of Level 3 (174) (327)
Purchases 36 850
Issuances 0 0
Sales (36) (951)
Settlements 0 0
Balance at end of period 12 194
Unrealized gains (losses) still held (3) (3)
Investments | Corporate    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 362 343
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (24) (2)
Transfers into Level 3 78 49
Transfers out of Level 3 (348) (61)
Purchases 183 131
Issuances 0 0
Sales (105) (98)
Settlements 0 0
Balance at end of period 146 362
Unrealized gains (losses) still held (7) (4)
Investments | Marketable equity securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 27 10
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (13) 17
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Balance at end of period 14 27
Unrealized gains (losses) still held 0 0
Investments | Asset-backed securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 0 1
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 0 (1)
Transfers into Level 3 2 30
Transfers out of Level 3 0 0
Purchases 3 0
Issuances 0 0
Sales (3) (30)
Settlements 0 0
Balance at end of period 2 0
Unrealized gains (losses) still held 0 0
Investments | Other debt securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 0 0
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 0 1
Transfers into Level 3 0 0
Transfers out of Level 3 0 (63)
Purchases 6 62
Issuances 0 0
Sales 0 0
Settlements 0 0
Balance at end of period 6 0
Unrealized gains (losses) still held 0 0
Investments | Non-marketable equity securities    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 483 430
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (3) 31
Transfers into Level 3 0 8
Transfers out of Level 3 0 0
Purchases 187 42
Issuances 0 0
Sales (263) (28)
Settlements 0 0
Balance at end of period 404 483
Unrealized gains (losses) still held (7) 82
Loans    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 427 1,361
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (85) (236)
Transfers into Level 3 664 32
Transfers out of Level 3 (896) (309)
Purchases 0 0
Issuances 250 241
Sales 0 0
Settlements (98) (662)
Balance at end of period 262 427
Unrealized gains (losses) still held (6) (16)
Mortgage servicing rights    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 691 665
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other 37 28
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Purchases 0 0
Issuances 104 66
Sales 0 0
Settlements (72) (68)
Balance at end of period 760 691
Unrealized gains (losses) still held 44 20
Other financial assets    
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation    
Balance at beginning of period 30 57
Net realized/unrealized gains (losses) included in principal transactions 0 0
Net realized/unrealized gains (losses) included in Other (1) (24)
Transfers into Level 3 0 0
Transfers out of Level 3 0 (2)
Purchases 5 50
Issuances 51 22
Sales (5) (32)
Settlements (65) (41)
Balance at end of period 15 30
Unrealized gains (losses) still held $ (1) $ 0