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Loans, Lending Commitments and Related Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Loans by Type
Loans by Type
 At March 31, 2024
$ in millionsHFI LoansHFS LoansTotal Loans
Corporate$7,171 $9,655 $16,826 
Secured lending facilities38,692 3,564 42,256 
Commercial real estate8,689 205 8,894 
Residential real estate61,339 2 61,341 
Securities-based lending and Other
89,044 — 89,044 
Total loans204,935 13,426 218,361 
ACL(1,141)(1,141)
Total loans, net$203,794 $13,426 $217,220 
Loans to non-U.S. borrowers, net$21,591 $4,945 $26,536 
 At December 31, 2023
$ in millionsHFI LoansHFS LoansTotal Loans
Corporate$6,758 $11,862 $18,620 
Secured lending facilities39,498 3,161 42,659 
Commercial real estate8,678 209 8,887 
Residential real estate60,375 22 60,397 
Securities-based lending and Other
89,245 1 89,246 
Total loans204,554 15,255 219,809 
ACL(1,169)(1,169)
Total loans, net$203,385 $15,255 $218,640 
Loans to non-U.S. borrowers, net$21,152 $5,043 $26,195 
Schedule of Loans by Interest Rate Type
Loans by Interest Rate Type
 At March 31, 2024At December 31, 2023
$ in millionsFixed RateFloating or Adjustable RateFixed RateFloating or Adjustable Rate
Corporate$— $16,826 $— $18,620 
Secured lending facilities— 42,256 — 42,659 
Commercial real estate142 8,752 141 8,746 
Residential real estate29,335 32,006 28,934 31,464 
Securities-based lending and Other
24,024 65,020 23,922 65,323 
Total loans, before ACL$53,501 $164,860 $52,997 $166,812 
Schedule of Loans Held for Investment
Loans Held for Investment before Allowance by Credit Quality and Origination Year
At March 31, 2024At December 31, 2023
Corporate
$ in millionsIGNIGTotalIGNIGTotal
Revolving
$2,319 $4,373 $6,692 $2,350 $3,863 $6,213 
2024— — — 
2023— 50 50 — 88 88 
2022— 156 156 — 166 166 
202115 75 90 15 89 104 
202028 25 53 29 25 54 
Prior
— 130 130 — 133 133 
Total
$2,362 $4,809 $7,171 $2,394 $4,364 $6,758 
At March 31, 2024At December 31, 2023
Secured Lending Facilities
$ in millionsIGNIGTotalIGNIGTotal
Revolving
$8,867 $22,085 $30,952 $9,494 $22,240 $31,734 
2024— 374 374 
20231,512 1,392 2,904 1,535 1,459 2,994 
2022385 2,247 2,632 392 2,390 2,782 
2021— 359 359 — 365 365 
2020— 76 76 — 80 80 
Prior
355 1,040 1,395 356 1,187 1,543 
Total
$11,119 $27,573 $38,692 $11,777 $27,721 $39,498 
At March 31, 2024At December 31, 2023
Commercial Real Estate
$ in millionsIGNIGTotalIGNIGTotal
Revolving
$— $170 $170 $— $170 $170 
2024— 753 753 
2023365 947 1,312 261 1,067 1,328 
2022282 1,883 2,165 284 1,900 2,184 
2021295 1,554 1,849 370 1,494 1,864 
2020— 755 755 — 756 756 
Prior
57 1,628 1,685 195 2,181 2,376 
Total
$999 $7,690 $8,689 $1,110 $7,568 $8,678 
At March 31, 2024
Residential Real Estate
by FICO Scoresby LTV RatioTotal
$ in millions≥ 740680-739≤ 679≤ 80%> 80%
Revolving$113 $32 $7 $151 $1 $152 
20241,590 271 30 1,709 182 1,891 
20237,248 1,502 225 8,023 952 8,975 
202210,776 2,409 383 12,490 1,078 13,568 
202110,948 2,344 236 12,608 920 13,528 
20206,815 1,409 103 7,901 426 8,327 
Prior11,383 3,091 424 13,813 1,085 14,898 
Total$48,873 $11,058 $1,408 $56,695 $4,644 $61,339 
At December 31, 2023
Residential Real Estate
by FICO Scoresby LTV RatioTotal
$ in millions≥ 740680-739≤ 679≤ 80%> 80%
Revolving$108 $33 $8 $149 $— $149 
20237,390 1,517 230 8,168 969 9,137 
202210,927 2,424 389 12,650 1,090 13,740 
202111,075 2,376 239 12,763 927 13,690 
20206,916 1,430 104 8,017 433 8,450 
Prior
11,642 3,131 436 14,106 1,103 15,209 
Total$48,058 $10,911 $1,406 $55,853 $4,522 $60,375 
At March 31, 2024
Securities-based Lending1
Other2
$ in millionsIGNIGTotal
Revolving $70,959 $5,304 $1,486 $77,749 
2024231 17 184 432 
20231,502 621 364 2,487 
20221,056 526 1,091 2,673 
2021104 251 437 792 
202039 285 507 831 
Prior222 1,617 2,241 4,080 
Total$74,113 $8,621 $6,310 $89,044 
December 31, 2023
Securities-based Lending1
Other2
$ in millionsIGNIGTotal
Revolving$71,474 $5,230 $1,362 $78,066 
20231,612 627 346 2,585 
20221,128 816 804 2,748 
2021165 330 377 872 
2020— 435 414 849 
Prior215 2,096 1,814 4,125 
Total$74,594 $9,534 $5,117 $89,245 
IG—Investment Grade
NIG—Non-investment Grade
1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2024 and December 31, 2023, 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 2023 Form 10-K.
2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment, which typically consist of bespoke lending arrangements provided to ultra-high worth net clients. These facilities are generally secured by eligible collateral.
Past Due Loans Held for Investment before Allowance1
$ in millionsAt March 31, 2024At December 31, 2023
Corporate$46 $47 
Commercial real estate291 185 
Residential real estate138 160 
Securities-based lending and Other
16 1 
Total$491 $393 
1.As of March 31, 2024, the majority of the amounts are 90 days or more past due. As of December 31, 2023, the majority of the amounts are past due for a period of less than 90 days.
Nonaccrual Loans Held for Investment before Allowance1
$ in millionsAt March 31, 2024At December 31, 2023
Corporate$82 $95 
Secured lending facilities83 87 
Commercial real estate432 426 
Residential real estate100 95 
Securities-based lending and Other
294 174 
Total
$991 $877 
Nonaccrual loans without an ACL$88 $86 
1.There were no loans held for investment that were 90 days or more past due and still accruing as of March 31, 2024 and December 31, 2023. For further information on the Firm’s nonaccrual policy, see Note 2 to the financial statements in the 2023 Form 10-K.
Schedule of Modified Loans and Troubled Debt Restructurings
Modified Loans Held for Investment
Period-end loans held for investment modified during the following periods1:
 Three Months Ended March 31,
20242023
$ in millionsAmortized Cost
% of Total Loans2
Amortized Cost
% of Total Loans2
Term Extension
Corporate$52 0.7 %$17 0.2 %
Commercial real estate127 1.5 %62 0.7 %
Residential real estate— — %1 — %
Securities-based lending and Other 41 — %— — %
Total$220 0.2 %$80 0.1 %
Other-than-insignificant Payment Delay
Commercial real estate$— — %$67 0.8 %
Total$— — %$67 0.8 %
Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Commercial real estate$40 0.5 %$— — %
Total $40 0.5 %$— — %
Total Modifications$260 0.2 %$147 0.2 %
1.Lending commitments to borrowers for which the Firm has modified terms of the receivable are $301 million and $607 million as of March 31, 2024 and March 31, 2023, respectively.
2.Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type.
Financial Effect of Modifications on Loans Held for Investment
Three Months Ended March 31, 20241
Term Extension
(Months)		Other-than-insignificant Payment Delay
(Months)
Principal Forgiveness
($ millions)
Interest Rate Reduction
(%)
Single Modifications
Corporate300$— — %
Commercial real estate50— — %
Securities-based lending and Other360— — %
Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Commercial real estate1616$— — %
Three Months Ended March 31, 20231
Term Extension
(Months)		Other-than-insignificant Payment Delay
(Months)
Principal Forgiveness
($ millions)
Interest Rate Reduction
(%)
Single Modifications
Corporate80$— — %
Commercial real estate28— — %
Residential real estate40— — %
1.In instances where more than one loan was modified, modification impact is presented on a weighted-average basis.
Past Due Status for Loans Held for Investment Modified in the Last 12 months
 At March 31, 2024
$ in millions30-89 Days Past Due90+ Days
Past Due		Total
Commercial real estate$— $45 45 
Total$— $45 $45 
Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments
Allowance for Credit Losses Rollforward and Allocation—Loans and Lending Commitments
Three Months Ended March 31, 2024
$ in millionsCorporateSecured Lending FacilitiesCREResidential Real EstateSBL and OtherTotal
ACL—Loans
Beginning balance
$241 $153 $463 $100 $212 $1,169 
Provision (release)1 (17)1 (11)4 (22)
Other(1)(1)(3)— (1)(6)
Ending balance$241 $135 $461 $89 $215 $1,141 
Percent of loans to total loans1
4 %19 %4 %30 %43 %100 %
ACL—Lending commitments
Beginning balance
$431 $70 $26 $4 $20 $551 
Provision (release)(2)25 (3)— (4)16 
Other(3)(1)— — 2 (2)
Ending balance$426 $94 $23 $4 $18 $565 
Total ending balance
$667 $229 $484 $93 $233 $1,706 
Three Months Ended March 31, 2023
$ in millionsCorporateSecured Lending FacilitiesCREResidential Real EstateSBL and OtherTotal
ACL—Loans
Beginning balance$235 $153 $275 $87 $89 $839 
Gross charge-offs
(1)— (69)— (1)(71)
Provision (release)31 — 129 26 15 201 
Other— (1)— — 2 1 
Ending balance$265 $152 $335 $113 $105 $970 
Percent of loans to total loans1
4 %18 %4 %28 %46 %100 %
ACL—Lending commitments
Beginning balance$411 $51 $15 $4 $23 $504 
Provision (release)22 — 7 1 3 33 
Other2 — — — — 2 
Ending balance$435 $51 $22 $5 $26 $539 
Total ending balance
$700 $203 $357 $118 $131 $1,509 
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.
Schedule of Selected Credit Ratios
Selected Credit Ratios
At
March 31,
2024 		At
December 31,
2023
ACL for loans to total HFI loans0.6 %0.6 %
Nonaccrual HFI loans to total HFI loans
0.5 %0.4 %
ACL for loans to nonaccrual HFI loans
115.1 %133.3 %
Schedule of Employee Loans
Employee Loans
$ in millionsAt
March 31,
2024 		At
December 31,
2023
Currently employed by the Firm1
$4,263 $4,257 
No longer employed by the Firm2
90 92 
Employee loans$4,353 $4,349 
ACL(121)(121)
Employee loans, net of ACL$4,232 $4,228 
Remaining repayment term, weighted average in years5.75.8
1.These loans are predominantly current.
2.These loans are predominantly past due for a period of 90 days or more.