Fair Value Option (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Option

$ in millions	At March 31, 2022		At December 31, 2021
Business Unit Responsible for Risk Management
Equity	$	37,987	$	37,046
Interest rates	27,100		28,638
Commodities	8,401		7,837
Credit	1,310		1,347
Foreign exchange	1,165		1,472
Total	$	75,963	$	76,340

	Three Months Ended March 31,
$ in millions	2022		2021
Trading revenues	$	4,655	$	2,485
Interest expense	72		73
Net revenues1	$	4,583	$	2,412

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

	Three Months Ended March 31,
	2022				2021
$ in millions	Trading Revenues		OCI		Trading Revenues		OCI
Loans and other receivables1	$	24	$	—	$	158	$	—
Deposits	—		(7)		—		(1)
Borrowings	—		878		(17)		185

$ in millions	At March 31, 2022		At December 31, 2021
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$	(1,568)	$	(2,439)

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

$ in millions	At March 31, 2022		At December 31, 2021
Loans and other receivables2	$	12,360	$	12,633
Nonaccrual loans2	9,608		9,999
Borrowings3	704		(2,106)

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 receivables 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, 2022		At December 31, 2021
Nonaccrual loans	$	908	$	989
Nonaccrual loans 90 or more days past due	264		363