Fair Value Option (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Option

Borrowings Measured at Fair Value on a Recurring Basis

$ in millions	At September 30, 2022		At December 31, 2021
Business Unit Responsible for Risk Management
Equity	$	34,226	$	37,046
Interest rates	22,896		28,638
Commodities	9,147		7,837
Credit	1,220		1,347
Foreign exchange	1,299		1,472
Total	$	68,788	$	76,340

Net Revenues from Borrowings under the Fair Value Option

	Three Months Ended September 30,				Nine Months Ended September 30,
$ in millions	2022		2021		2022		2021
Trading revenues	$	4,034	$	1,383	$	16,361	$	937
Interest expense	67		77		203		234
Net revenues1	$	3,967	$	1,306	$	16,158	$	703

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

Gains (Losses) Due to Changes in Instrument-Specific Credit Risk

	Three Months Ended September 30,
	2022				2021
$ in millions	Trading Revenues		OCI		Trading Revenues		OCI
Loans and other receivables1	$	(68)	$	—	$	58	$	—
Lending commitments	(2)		—		(3)		—
Deposits	—		(9)		—		6
Borrowings	—		1,091		(9)		190

	Nine Months Ended September 30,
	2022				2021
$ in millions	Trading Revenues		OCI		Trading Revenues		OCI
Loans and other receivables1	$	(59)	$	—	$	311	$	—
Lending commitments	(3)		—		(2)		—
Deposits	—		5		—		15
Borrowings	1		3,468		(36)		612

$ in millions	At September 30, 2022		At December 31, 2021
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$	1,034	$	(2,439)

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

Difference Between Contractual Principal and Fair Value1

$ in millions	At September 30, 2022		At December 31, 2021
Loans and other receivables2	$	10,908	$	12,633
Nonaccrual loans2	8,192		9,999
Borrowings3	5,558		(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.

Fair Value Loans on Nonaccrual Status

$ in millions	At September 30, 2022		At December 31, 2021
Nonaccrual loans	$	440	$	989
Nonaccrual loans 90 or more days past due	41		363