Commitments, Guarantees and Contingencies (Tables)

9 Months Ended

Sep. 30, 2015

Commitments, Guarantees and Contingencies [Abstract]

Commitments by Period of Expiration

			Years to Maturity at September 30, 2015
			Less
			than 1		1-3		3-5		Over 5		Total
			(dollars in millions)
Letters of credit and other financial guarantees
	obtained to satisfy collateral requirements	$	315	$	8	$	—	$	1	$	324
Investment activities			484		61		20		533		1,098
Primary lending commitments—investment grade(1)			13,636		20,928		34,007		3,453		72,024
Primary lending commitments—non-investment grade(1)			2,278		6,246		14,131		5,947		28,602
Secondary lending commitments			45		81		48		40		214
Commitments for secured lending transactions			1,895		294		511		1,188		3,888
Forward starting reverse repurchase agreements and
	securities borrowing agreements(2)(3)		73,680		—		—		—		73,680
Commercial and residential mortgage-related commitments			18		359		70		1,262		1,709
Other lending commitments			5,058		980		601		139		6,778
	Total	$	97,409	$	28,957	$	49,388	$	12,563	$	188,317

(1)Due to the nature of the Company’s obligations under the commitments, these amounts include certain commitments participated to third parties totaling $1.8billion of investment grade and $3.0billion of non-investment grade.

(2) The Company enters into forward starting reverse repurchase and securities borrowing agreements (agreements that have a trade date at or prior to September 30,2015 and settle subsequent to period-end) that are primarily secured by collateral from U.S. government agency securities and other sovereign government obligations. These agreements primarily settle within three business days of the trade date, and of the total amount at September 30,2015, $60.3 billion settled within three business days.

(3) The Company also has a contingent obligation to provide financing to a clearinghouse through which it clears certain transactions. The financing is required only upon the default of a clearinghouse member. The financing takes the form of a reverse repurchase facility, with a maximum amount of approximately $1.3 billion.

Obligations under Guarantee Arrangements

			Maximum Potential Payout/Notional										Carrying Amount (Asset)/ Liability		Collateral/ Recourse
			Years to Maturity
Type of Guarantee			Less than 1		1-3		3-5		Over 5		Total
			(dollars in millions)
Credit derivative contracts(1)		$	164,281	$	383,709	$	171,658	$	77,889	$	797,537	$	(301)	$	—
Other credit contracts			1		806		340		49		1,196		(1,042)		—
Non-credit derivative contracts(1)			1,069,489		825,927		301,902		590,735		2,788,053		80,932		—
Standby letters of credit and other
	financial guarantees issued(2)		818		1,509		1,311		6,284		9,922		(188)		6,962
Market value guarantees			26		397		221		34		678		4		82
Liquidity facilities			2,842		—		—		—		2,842		(4)		4,473
Whole loan sales guarantees			—		—		1		23,484		23,485		9		—
Securitization representations and
	warranties		—		—		—		63,613		63,613		98		—
General partner guarantees			71		37		87		454		649		71		—

(1)Carrying amounts of derivative contracts are shown on a gross basis prior to cash collateral or counterparty netting. For further information on derivative contracts, see Note 4.

(2) These amounts include certain standby letters of credit participated to third parties totaling $0.7 billion due to the nature of the Company’s obligations under these arrangements.