Fair Value Option (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Option

$ in millions	At March 31, 2021		At December 31, 2020
Business Unit Responsible for Risk Management
Equity	$	36,687	$	33,952
Interest rates	28,719		31,222
Commodities	4,948		5,078
Credit	1,235		1,344
Foreign exchange	2,433		2,105
Total	$	74,022	$	73,701

	Three Months Ended March 31,
$ in millions	2021		2020
Trading revenues	$	2,485	$	3,447
Interest expense	73		83
Net revenues1	$	2,412	$	3,364

1.Amounts do not reflect any gains or losses from related economic hedges.

	Three Months Ended March 31,
	2021				2020
$ in millions	Trading Revenues		OCI		Trading Revenues		OCI
Loans and other debt1	$	158	$	—	$	(281)	$	—
Lending commitments	—		—		2		—
Deposits	—		(1)		—		72
Borrowings	(17)		185		(5)		4,948

$ in millions	At March 31, 2021		At December 31, 2020
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$	(3,173)	$	(3,357)

1.Loans and other debt instrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses.

$ in millions	At March 31, 2021		At December 31, 2020
Loans and other debt2	$	13,124	$	14,042
Nonaccrual loans2	10,890		11,551
Borrowings3	(1,853)		(3,773)

1.Amounts indicate contractual principal greater than or (less than) fair value.

2.The majority of the difference between principal and fair value amounts for loans and other debt relates to distressed debt positions purchased at amounts well below par.

3.Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index.

$ in millions	At March 31, 2021		At December 31, 2020
Nonaccrual loans	$	1,158	$	1,407
Nonaccrual loans 90 or more days past due	$	192	$	239