Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets Liabilities Summary

The table below presents financial assets and liabilities accounted for at fair value.

	As of
$ in millions		September 2020		June 2020		December 2019
Total level 1 financial assets		$   281,667		$   275,444		$242,562
Total level 2 financial assets		391,698		406,880		325,259
Total level 3 financial assets		27,677		29,426		23,068
Investments in funds at NAV		3,517		3,710		4,206
Counterparty and cash collateral netting		(74,547	)	(73,749	)	(55,527	)
Total financial assets at fair value		$   630,012		$   641,711		$539,568
Total assets		$1,132,059		$1,141,523		$992,968
Total level 3 financial assets divided by:
Total assets		2.4%		2.6%		2.3%
Total financial assets at fair value		4.4%		4.6%		4.3%
Total level 1 financial liabilities		$     94,637		$     98,901		$  54,790
Total level 2 financial liabilities		299,520		298,915		293,902
Total level 3 financial liabilities		32,329		30,106		25,938
Counterparty and cash collateral netting		(53,446	)	(57,098	)	(41,671	)
Total financial liabilities at fair value		$   373,040		$   370,824		$332,959
Total liabilities		$1,039,409		$1,051,494		$902,703
Total level 3 financial liabilities divided by:
Total liabilities		3.1%		2.9%		2.9%
Total financial liabilities at fair value		8.7%		8.1%		7.8%

Total Level 3 Financial Assets

The table below presents a summary of level 3 financial assets.

	As of
$ in millions		September 2020	June 2020	December 2019
Trading assets:
Trading cash instruments		$       1,265	$       1,804	$    1,242
Derivatives		6,311	7,047	4,654
Investments		17,274	17,916	15,282
Loans		2,827	2,659	1,890
Total		$     27,677	$     29,426	$  23,068