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Loans, Lending Commitments and Related Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Loans, Lending Commitments and Related Allowance for Credit Losses Loans, Lending Commitments and Related Allowance for Credit Losses
Loans by Type
 
At March 31, 2022
$ in millions
HFI LoansHFS Loans
Total Loans
Corporate$6,105 $7,069 $13,174 
Secured lending facilities
29,896 4,661 34,557 
Commercial real estate
8,276 1,986 10,262 
Residential real estate
47,236 6 47,242 
Securities-based lending and Other loans91,413 291 91,704 
Total loans
182,926 14,013 196,939 
ACL(679)(679)
Total loans, net$182,247 $14,013 $196,260 
Loans to non-U.S. borrowers, net$24,286 
 
At December 31, 2021
$ in millions
HFI LoansHFS Loans
Total Loans
Corporate$5,567 $8,107 $13,674 
Secured lending facilities
31,471 3,879 35,350 
Commercial real estate
7,227 1,777 9,004 
Residential real estate44,251 7 44,258 
Securities-based lending and Other loans86,440 62 86,502 
Total loans174,956 13,832 188,788 
ACL(654)(654)
Total loans, net$174,302 $13,832 $188,134 
Loans to non-U.S. borrowers, net$24,322 
For additional information on the Firm’s held-for-investment and held-for-sale loan portfolios, see Note 10 to the financial statements in the 2021 Form 10-K.
Loans by Interest Rate Type
 At March 31, 2022At December 31, 2021
$ in millionsFixed RateFloating or Adjustable RateFixed RateFloating or Adjustable Rate
Corporate$— $13,174 $— $13,674 
Secured lending facilities— 34,557 — 35,350 
Commercial real estate342 9,920 343 8,661 
Residential real estate20,754 26,488 18,966 25,292 
Securities-based lending and Other loans24,705 66,999 22,832 63,670 
Total loans, before ACL$45,801 $151,138 $42,141 $146,647 
Note 4 for further information regarding Loans and lending commitments held at fair value. See Note 13 for details of current commitments to lend in the future.
Loans Held for Investment before Allowance by Origination Year
At March 31, 2022At December 31, 2021
Corporate
$ in millions
IGNIGTotalIGNIGTotal
Revolving
$2,681 $2,541 $5,222 $2,356 $2,328 $4,684 
2022— 3 3 
2021— 94 94 — 85 85 
2020110 27 137 111 26 137 
2019— 169 169 — 176 176 
2018196 — 196 196 — 196 
Prior
225 59 284 229 60 289 
Total
$3,212 $2,893 $6,105 $2,892 $2,675 $5,567 
At March 31, 2022At December 31, 2021
Secured Lending Facilities
$ in millions
IGNIGTotalIGNIGTotal
Revolving
$7,784 $18,539 $26,323 $7,603 $20,172 $27,775 
2022— 403 403 
202132 429 461 32 467 499 
2020— 140 140 35 160 195 
201943 753 796 43 819 862 
2018268 415 683 297 703 1,000 
Prior
144 946 1,090 144 996 1,140 
Total
$8,271 $21,625 $29,896 $8,154 $23,317 $31,471 
At March 31, 2022At December 31, 2021
Commercial Real Estate
$ in millions
IGNIGTotalIGNIGTotal
Revolving
$4 $83 $87 $3 $149 $152 
2022122 1,020 1,142 
2021457 1,490 1,947 423 1,292 1,715 
202092 812 904 91 819 910 
20191,182 936 2,118 976 1,266 2,242 
2018603 325 928 527 416 943 
Prior
188 962 1,150 189 1,076 1,265 
Total
$2,648 $5,628 $8,276 $2,209 $5,018 $7,227 
At March 31, 2022
Residential Real Estate
by FICO Scores
by LTV Ratio
Total
$ in millions
≥ 740
680-739
≤ 679
≤ 80%
> 80%
Revolving$64 $24 $4 $92 $— $92 
20223,468 733 93 3,980 314 4,294 
202112,115 2,623 263 13,996 1,005 15,001 
20207,711 1,592 130 8,935 498 9,433 
20194,520 1,039 143 5,351 351 5,702 
20181,775 481 53 2,130 179 2,309 
Prior
7,701 2,345 359 9,535 870 10,405 
Total$37,354 $8,837 $1,045 $44,019 $3,217 $47,236 
At December 31, 2021
Residential Real Estate
by FICO Scoresby LTV RatioTotal
$ in millions≥ 740680-739≤ 679≤ 80%> 80%
Revolving$65 $27 $4 $96 $— $96 
202112,230 2,638 257 14,116 1,009 15,125 
20207,941 1,648 131 9,210 510 9,720 
20194,690 1,072 140 5,536 366 5,902 
20181,865 497 55 2,231 186 2,417 
20172,157 558 65 2,588 192 2,780 
Prior5,973 1,919 319 7,485 726 8,211 
Total$34,921 $8,359 $971 $41,262 $2,989 $44,251 
At March 31, 2022
Securities-based Lending1
Other2
$ in millions
IGNIG
Total
Revolving $75,570 $6,105 $988 $82,663 
2022720 477 85 1,282 
2021800 565 152 1,517 
2020— 596 657 1,253 
201919 994 602 1,615 
2018213 273 288 774 
Prior
16 1,682 611 2,309 
Total$77,338 $10,692 $3,383 $91,413 
December 31, 2021
Securities-based Lending1
Other2
$ in millions
IGNIG
Total
Revolving$71,485 $6,170 $858 $78,513 
2021807 708 103 1,618 
2020— 651 626 1,277 
201919 1,079 633 1,731 
2018232 273 375 880 
2017— 531 217 748 
Prior
16 1,294 363 1,673 
Total$72,559 $10,706 $3,175 $86,440 
IG—Investment Grade
NIG—Non-investment Grade
1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2022 and December 31, 2021, these loans are predominantly over-collateralized. For more information on the ACL methodology related to securities-based loans, see Note 2 to the financial statements in the 2021 Form 10-K.
2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment.
Past Due Loans Held for Investment before Allowance1
$ in millions
At March 31, 2022At December 31, 2021
Residential real estate191 209 
1.The majority of the amounts are past due for a period of less than 90 days.
Nonaccrual Loans Held for Investment before Allowance
$ in millionsAt March 31, 2022At December 31, 2021
Corporate$77 $34 
Secured lending facilities110 375 
Commercial real estate287 195 
Residential real estate119 138 
Securities-based lending and Other loans142 151 
Total1
$735 $893 
Nonaccrual loans without an ACL$112 $356 
1.Includes all loans held for investment that are 90 days or more past due as of March 31, 2022 and December 31, 2021.
See Note 2 to the financial statements in the 2021 Form 10-K for a description of the ACL calculated under the CECL methodology, including credit quality indicators, used for HFI loans.
Troubled Debt Restructurings
$ in millionsAt March 31, 2022At December 31, 2021
Loans, before ACL$30 $49 
Allowance for credit losses— 8 
Troubled debt restructurings typically include modifications of interest rates, collateral requirements, other loan covenants and payment extensions. See Note 2 to the financial statements in the 2021 Form 10-K for further information on TDR guidance issued by Congress in the CARES Act as well as by the U.S. banking agencies.
Allowance for Credit Losses Rollforward and Allocation—Loans
$ in millions
CorporateSecured Lending Facilities
CRE
Residential Real Estate
SBL and Other
Total
December 31, 2021$165 $163 $206 $60 $60 $654 
Gross charge-offs— (3)(7)— (1)(11)
Provision (release)6 12 6 13 2 39 
Other(1)— (2)— — (3)
March 31, 2022$170 $172 $203 $73 $61 $679 
Percent of loans to total loans1
3 %16 %5 %26 %50 %100 %
$ in millions
CorporateSecured Lending Facilities
CRE
Residential Real Estate
SBL and Other
Total
December 31, 2020$309 $198 $211 $59 $58 $835 
Gross charge-offs(1)— (9)— — (10)
Provision (release)(56)(3)5 (5)1 (58)
Other(2)(2)(1)— — (5)
March 31, 2021$250 $193 $206 $54 $59 $762 
Percent of loans to total loans1
4 %18 %5 %25 %48 %100 %
CRE—Commercial real estate
SBL—Securities-based lending
1.Percent of loans to total loans represents loans held for investment by loan type to total loans held for investment.
Allowance for Credit Losses Rollforward—Lending Commitments
$ in millions
CorporateSecured Lending Facilities
CRE
Residential Real Estate
SBL and Other
Total
December 31, 2021$356 $41 $20 $1 $26 $444 
Provision (release)20 8 (7)— (3)18 
Other(3)— — — — (3)
March 31, 2022$373 $49 $13 $1 $23 $459 
$ in millions
CorporateSecured Lending Facilities
CRE
Residential Real Estate
SBL and Other
Total
December 31, 2020$323 $38 $11 $1 $23 $396 
Provision (release)(33)(4)(2)— (1)(40)
Other(1)1 (1)— (1)(2)
March 31, 2021$289 $35 $8 $1 $21 $354 
The aggregate allowance for credit losses for loans and lending commitments increased in the current quarter, reflecting the Provision for credit losses primarily due to portfolio growth.The base scenario used in our ACL models as of March 31, 2022 was generated using a combination of industry consensus economic forecasts, forward rates, and internally developed and validated models, and assumes continued growth over the forecast period. Given the nature of our lending portfolio, the most sensitive model input is U.S. gross domestic product. For a further discussion of the Firm’s loans as well as the Firm’s allowance methodology, refer to Notes 2 and 10 to the financial statements in the 2021 Form 10-K.
Selected Credit Ratios
At
March 31,
2022 		At
December 31,
2021
ACL to total loans1
0.4 %0.4 %
Nonaccrual loans to total loans2
0.4 %0.5 %
ACL to nonaccrual loans3
92.4 %73.2 %
1.Allowance for credit losses for loans to total loans held for investment.
2.Nonaccrual loans held for investment, which are loans that are 90 days or more past due, to total loans held for investment.
3.Allowance for credit losses for loans to nonaccrual loans held for investment.
Employee Loans
$ in millionsAt
March 31,
2022 		At
December 31,
2021
Currently employed by the Firm1
$3,759 $3,613 
No longer employed by the Firm2
105 $113 
Employee loans$3,864 $3,726 
ACL(146)(153)
Employee loans, net of ACL$3,718 $3,573 
Remaining repayment term, weighted average in years5.75.7
1.These loans are predominantly current as of March 31, 2022 and December 31, 2021.
2.These loans are predominantly past due for a period of 90 days or more as of March 31, 2022 and December 31, 2021.
Employee loans are granted in conjunction with a program established primarily to recruit certain Wealth Management representatives, are full recourse and generally require periodic repayments, and are due in full upon termination of employment with the Firm. These loans are recorded in Customer and other receivables in the balance sheet. See Note 2 to the financial statements in the 2021 Form 10-K for a description of the CECL allowance methodology, including credit quality indicators, for employee loans.