Commitments, Guarantees and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments


	Years to Maturity at June 30, 2022
$ in millions	Less than 1		1-3		3-5		Over 5		Total
Lending:
Corporate	$	12,496	$	32,333	$	52,395	$	9,225	$	106,449
Secured lending facilities	6,978		5,853		2,325		713		15,869
Commercial and Residential real estate	1,495		319		24		272		2,110
Securities-based lending and Other	12,090		3,657		531		417		16,695
Forward-starting secured financing receivables	52,750		—		—		—		52,750
Central counterparty	300		—		—		4,662		4,962
Underwriting	3,150		—		—		—		3,150
Investment activities	1,255		188		54		340		1,837
Letters of credit and other financial guarantees	153		—		—		3		156
Total	$	90,667	$	42,350	$	55,329	$	15,632	$	203,978
Lending commitments participated to third parties									$	7,518
Forward-starting secured financing receivables settled within three business days									$	46,531

Schedule of Obligations under Guarantee Arrangements

Guarantees


	At June 30, 2022
	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	$	1,144,292	$	969,485	$	350,610	$	790,897	$	(83,477)
Standby letters of credit and other financial guarantees issued2	1,595		883		1,299		2,680		10
Market value guarantees	6		2		—		—		—
Liquidity facilities	4,002		—		—		—		(3)
Whole loan sales guarantees	—		3		83		23,050		—
Securitization representations and warranties3	—		—		—		79,057		(3)
General partner guarantees	352		12		32		157		(88)
Client clearing guarantees	46		—		—		—		—

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 6.

2.These amounts include certain issued standby letters of credit participated to third parties, totaling $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of June 30, 2022, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $82 million.

3.Related to commercial and residential mortgage securitizations.

Schedule of Litigation Expenses

While the Firm has identified below any individual proceedings where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable.


	Three Months Ended June 30,				Six Months Ended June 30,
$ in millions	2022		2021		2022		2021
Legal expenses	$	262	$	25	$	346	$	49