Commitments, Guarantees and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments


	Years to Maturity at March 31, 2021
$ in millions	Less than 1		1-3		3-5		Over 5		Total
Lending:
Corporate	$	16,895	$	38,987	$	40,975	$	6,091	$	102,948
Secured lending facilities	5,806		5,967		1,552		269		13,594
Commercial and Residential real estate	435		129		19		247		830
Securities-based lending and Other	11,348		3,229		259		509		15,345
Forward-starting secured financing receivables	73,016		—		—		—		73,016
Central counterparty	300		—		—		6,404		6,704
Underwriting	234		—		—		—		234
Investment activities	811		267		62		337		1,477
Letters of credit and other financial guarantees	30		—		—		3		33
Total	$	108,875	$	48,579	$	42,867	$	13,860	$	214,181
Lending commitments participated to third parties									$	8,703
Forward-starting secured financing receivables settled within three business days									$	61,198

Schedule of Obligations under Guarantee Arrangements

Guarantees


	At March 31, 2021
	Maximum Potential Payout/Notional of Obligations by Years to Maturity								Carrying Amount Asset (Liability)
$ in millions	Less than 1		1-3		3-5		Over 5


Non-credit derivatives1	$	1,455,210	$	934,991	$	361,616	$	796,992	$	(54,255)
Standby letters of credit and other financial guarantees issued2	1,368		1,189		681		3,648		70
Market value guarantees	82		23		—		—		—
Liquidity facilities	4,116		—		—		—		5
Whole loan sales guarantees	—		—		52		23,125		—
Securitization representations and warranties3	—		—		—		68,451		(42)
General partner guarantees	231		136		32		124		(59)
Client clearing guarantees	51		—		—		—		—

1.The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 7

2.These amounts include certain issued standby letters of credit participated to third parties, totaling $0.5 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of March 31, 2021, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $73 million.

3.Primarily related to residential mortgage securitizations.