Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis
	At March 31, 2018
$ in millions	Level 1		Level 2		Level 3		Netting1		Total
Assets at fair value
Trading assets:
U.S. Treasury
and agency
securities	$	22,675	$	23,430	$	—	$	—	$	46,105
Other sovereign
government
obligations		18,185		9,371		7		—		27,563
State and municipal
securities		—		3,235		2		—		3,237
MABS		—		1,799		342		—		2,141
Loans and lending
commitments2		—		4,865		8,128		—		12,993
Corporate and other
debt		—		21,392		814		—		22,206
Corporate equities3		120,280		494		233		—		121,007
Derivative and other contracts:
Interest rate		989		176,030		1,250		—		178,269
Credit		—		6,971		362		—		7,333
Foreign exchange		45		53,504		29		—		53,578
Equity		1,165		44,506		3,871		—		49,542
Commodity and
other		383		6,908		4,576		—		11,867
Netting1		(1,665)		(216,759)		(1,581)		(47,436)		(267,441)
Total derivative and
other contracts		917		71,160		8,507		(47,436)		33,148
Investments4		482		372		1,012		—		1,866
Physical
commodities		—		205		—		—		205
Total trading assets4		162,539		136,323		19,045		(47,436)		270,471
Investment securities—
AFS		29,979		26,770		—		—		56,749
Intangible assets		—		3		—		—		3
Total assets
at fair value	$	192,518	$	163,096	$	19,045	$	(47,436)	$	327,223

	At March 31, 2018
$ in millions	Level 1		Level 2		Level 3		Netting1		Total
Liabilities at fair value
Deposits	$	—	$	198	$	44	$	—	$	242
Trading liabilities:
U.S. Treasury and
agency securities		20,182		32		—		—		20,214
Other sovereign
government
obligations		24,281		3,890		3		—		28,174
Corporate and other
debt		—		7,886		4		—		7,890
Corporate equities3		56,667		60		32		—		56,759
Derivative and other contracts:
Interest rate		1,043		159,538		580		—		161,161
Credit		—		7,456		392		—		7,848
Foreign exchange		31		53,408		62		—		53,501
Equity		1,054		46,616		2,856		—		50,526
Commodity and
other		543		5,680		2,916		—		9,139
Netting1		(1,665)		(216,759)		(1,581)		(36,184)		(256,189)
Total derivative and
other contracts		1,006		55,939		5,225		(36,184)		25,986
Total trading liabilities		102,136		67,807		5,264		(36,184)		139,023
Securities sold under
agreements to
repurchase		—		792		—		—		792
Other secured
financings		—		3,203		220		—		3,423
Borrowings		—		43,907		3,626		—		47,533
Total liabilities
at fair value	$	102,136	$	115,907	$	9,154	$	(36,184)	$	191,013

	At December 31, 2017
$ in millions	Level 1		Level 2		Level 3		Netting1		Total
Assets at fair value
Trading assets:
U.S. Treasury
and agency
securities	$	22,077	$	26,888	$	—	$	—	$	48,965
Other sovereign
government
obligations		20,234		7,825		1		—		28,060
State and municipal
securities		—		3,592		8		—		3,600
MABS		—		2,364		423		—		2,787
Loans and lending
commitments2		—		4,791		5,945		—		10,736
Corporate and other
debt		—		16,837		701		—		17,538
Corporate equities3		149,697		492		166		—		150,355
Derivative and other contracts:
Interest rate		472		178,704		1,763		—		180,939
Credit		—		7,602		420		—		8,022
Foreign exchange		58		53,724		15		—		53,797
Equity		1,101		40,359		3,530		—		44,990
Commodity and
other		1,126		5,390		4,147		—		10,663
Netting1		(2,088)		(216,764)		(1,575)		(47,171)		(267,598)
Total derivative and
other contracts		669		69,015		8,300		(47,171)		30,813
Investments4		297		523		1,020		—		1,840
Physical commodities		—		1,024		—		—		1,024
Total trading assets4		192,974		133,351		16,564		(47,171)		295,718
Investment securities—
AFS		27,522		27,681		—		—		55,203
Intangible assets		—		3		—		—		3
Total assets
at fair value	$	220,496	$	161,035	$	16,564	$	(47,171)	$	350,924

	At December 31, 2017
$ in millions	Level 1		Level 2		Level 3		Netting1		Total
Liabilities at fair value
Deposits	$	—	$	157	$	47	$	—	$	204
Trading liabilities:
U.S. Treasury and
agency securities		17,802		24		—		—		17,826
Other sovereign
government
obligations		24,857		2,016		—		—		26,873
Corporate and other
debt		—		7,141		3		—		7,144
Corporate equities3		52,653		82		22		—		52,757
Derivative and other contracts:
Interest rate		364		162,239		545		—		163,148
Credit		—		8,166		379		—		8,545
Foreign exchange		23		55,118		127		—		55,268
Equity		1,001		44,666		2,322		—		47,989
Commodity and
other		1,032		5,156		2,701		—		8,889
Netting1		(2,088)		(216,764)		(1,575)		(36,717)		(257,144)
Total derivative and
other contracts		332		58,581		4,499		(36,717)		26,695
Total trading liabilities		95,644		67,844		4,524		(36,717)		131,295
Securities sold under
agreements to
repurchase		—		650		150		—		800
Other secured
financings		—		3,624		239		—		3,863
Borrowings		—		43,928		2,984		—		46,912
Total liabilities
at fair value	$	95,644	$	116,203	$	7,944	$	(36,717)	$	183,074

MABS—Mortgage- and asset-backed securities

• For positions with the same counterparty that cross over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within that level. For further information on derivative instruments and hedging activities, see Note 4.
• For a further breakdown by type, see the following Loans and Lending Commitments at Fair Value table.
• For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes.
• Amounts exclude certain investments that are measured based on NAV per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “MeasuredBased on Net Asset Value” herein.

Loans and Lending Commitments at Fair Value

Loans and Lending Commitments at Fair Value
$ in millions	At March 31, 2018		At December 31, 2017
Corporate	$	9,346	$	8,358
Residential real estate		706		799
Wholesale real estate		2,941		1,579
Total	$	12,993	$	10,736

Unsettled Fair Value of Futures Contracts

Unsettled Fair Value of Futures Contracts1
$ in millions	At March 31, 2018		At December 31, 2017
Customer and other receivables, net	$	714	$	831

• These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables.

Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis

Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Current Quarter
$ in millions	Beginning Balance at December 31, 2017		Realized and Unrealized Gains (Losses)		Purchases1		Sales and Issuances2		Settlements1		Net Transfers		Ending Balance at March 31, 2018		Unrealized Gains (Losses)
Assets at fair value
Trading assets:
Other sovereign government obligations	$	1	$	—	$	7	$	—	$	—	$	(1)	$	7	$	—
State and municipal securities		8		—		1		(7)		—		—		2		—
MABS		423		77		64		(238)		(16)		32		342		2
Loans and lending commitments		5,945		28		3,740		(283)		(1,218)		(84)		8,128		(9)
Corporate and other debt		701		1		350		(243)		—		5		814		(1)
Corporate equities		166		—		166		(132)		—		33		233		(9)
Net derivative and other contracts3:
Interest rate		1,218		52		32		(41)		(81)		(510)		670		75
Credit		41		(107)		—		—		38		(2)		(30)		(109)
Foreign exchange		(112)		57		—		(31)		33		20		(33)		(9)
Equity		1,208		356		142		(799)		159		(51)		1,015		315
Commodity and other		1,446		217		13		(6)		(57)		47		1,660		149
Total net derivative and other contracts		3,801		575		187		(877)		92		(496)		3,282		421
Investments		1,020		44		21		(78)		—		5		1,012		22
Liabilities at fair value
Deposits	$	47	$	1	$	—	$	9	$	(1)	$	(10)	$	44	$	1
Trading liabilities:
Other sovereign government obligations		—		—		—		3		—		—		3		—
Corporate and other debt		3		—		(2)		1		—		2		4		—
Corporate equities		22		4		(5)		11		—		8		32		4
Securities sold under agreements to repurchase		150		—		—		—		—		(150)		—		—
Other secured financings		239		13		—		4		(10)		—		220		13
Borrowings		2,984		102		—		640		(83)		187		3,626		99

• Loan originations and consolidations of VIEs are included in Purchases and deconsolidations of VIEs are included in Settlements.
• Amounts related to entering into Net derivative and other contracts, Deposits, Other secured financings and Borrowings primarily represent issuances. Amounts for other line items primarily represent sales.
• Net derivative and other contracts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative and other contracts. Amounts are presented before counterparty netting.

Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Prior Year Quarter
$ in millions	Beginning Balance at December 31, 2016		Realized and Unrealized Gains (Losses)		Purchases1		Sales and Issuances2		Settlements1		Net Transfers		Ending Balance at March 31, 2017		Unrealized Gains (Losses)
Assets at fair value
Trading assets:
U.S. Treasury and agency securities	$	74	$	—	$	42	$	(241)	$	—	$	167	$	42	$	—
Other sovereign government obligations		6		—		61		(2)		—		—		65		—
State and municipal securities		250		—		2		(2)		—		(195)		55		—
MABS		217		7		39		(56)		(11)		20		216		(1)
Loans and lending commitments		5,122		53		757		(555)		(985)		87		4,479		39
Corporate and other debt		475		21		262		(142)		(1)		102		717		3
Corporate equities		446		(1)		41		(105)		—		(71)		310		3
Net derivative and other contracts3:
Interest rate		420		(114)		46		(24)		16		(46)		298		(127)
Credit		(373)		(25)		6		(5)		41		5		(351)		(33)
Foreign exchange		(43)		(36)		1		—		11		(4)		(71)		(20)
Equity		184		(144)		83		(121)		231		(16)		217		(81)
Commodity and other		1,600		127		6		(28)		(69)		(133)		1,503		34
Total net derivative and other contracts		1,788		(192)		142		(178)		230		(194)		1,596		(227)
Investments		958		8		62		(3)		(66)		2		961		8
Liabilities at fair value
Deposits	$	42	$	(1)	$	—	$	13	$	—	$	—	$	56	$	(1)
Trading liabilities:
Corporate and other debt		36		(1)		(119)		101		—		17		36		(1)
Corporate equities		35		12		(68)		26		—		21		2		—
Securities sold under agreements to repurchase		149		1		—		—		—		—		148		1
Other secured financings		434		(19)		—		13		(220)		(43)		203		(12)
Borrowings		2,014		(59)		—		270		(165)		(86)		2,092		(58)

• Loan originations and consolidations of VIEs are included in Purchases and deconsolidations of VIEs are included in Settlements.
• Amounts related to entering into Net derivative and other contracts, Deposits, Other secured financings and Borrowings primarily represent issuances. Amounts for other line items primarily represent sales.
• Net derivative and other contracts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative and other contracts.Amounts are presented before counterparty netting.

Valuation Techniques and Sensitivity of Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements

Valuation Techniques and Sensitivity of Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements
	Predominant Valuation Techniques/	Range (Weighted Average or Simple Average/Median)1
$ in millions, except inputs	Significant Unobservable Inputs	At March 31, 2018	At December 31, 2017
Recurring Fair Value Measurement
Assets at fair value
MABS ($342 and $423)
Comparable pricing:	Comparable bond price	0 to 95 points (41 points)	0 to 95 points (26 points)
Loans and lending commitments ($8,128 and $5,945)
Margin loan model:	Discount rate	0% to 3% (1%)	0% to 3% (1%)
	Volatility skew	9% to 67% (28%)	7% to 41% (22%)
Comparable pricing:	Comparable loan price	55 to 101 points (97 points)	55 to 102 points (95 points)
Corporate and other debt ($814 and $701)
Comparable pricing:	Comparable bond price	3 to 100 points (70 points)	3 to 134 points (59 points)
Discounted cash flow:	Recovery rate	16%	6% to 36% (27%)
	Discount rate	7% to 20% (15%)	7% to 20% (14%)
Option model:	At the money volatility	15% to 52% (33%)	17% to 52% (52%)
Corporate equities ($233 and $166)
Comparable pricing:	Comparable equity price	100%	100%
Net derivative and other contracts2:
Interest rate ($670 and $1,218)
Option model:	Interest rate volatility skew	29% to 106% (40% / 43%)	31% to 97% (41% / 47%)
	Inflation volatility	23% to 61% (44% / 41%)	23% to 63% (44% / 41%)
	Interest rate curve	1% to 2% (2% / 2%)	2%
Credit ($(30) and $41)
Comparable pricing:	Cash synthetic basis	10 to 11 points (11 points)	12 to 13 points (12 points)
	Comparable bond price	0 to 75 points (25 points)	0 to 75 points (25 points)
Correlation model:	Credit correlation	39% to 67% (50%)	38% to 100% (48%)
Foreign exchange3 ($(33) and $(112))
Option model:	Interest rate - Foreign exchange correlation	55% to 57% (56% / 56%)	54% to 57% (56% / 56%)
	Interest rate volatility skew	29% to 106% (40% / 43%)	31% to 97% (41% / 47%)
	Contingency probability	90% to 95% (93% / 93%)	95% to 100% (96% / 95%)
Equity3 ($1,015 and $1,208)
Option model:	At the money volatility	14% to 55% (35%)	7% to 54% (32%)
	Volatility skew	-3% to 0% (-1%)	-5% to 0% (-1%)
	Equity - Equity correlation	5% to 99% (76%)	5% to 99% (76%)
	Equity - Foreign exchange correlation	-62% to 55% (-42%)	-55% to 40% (36%)
	Equity - Interest rate correlation	-7% to 48% (18% / 14%)	-7% to 49% (18% / 20%)
Commodity and other ($1,660 and $1,446)
Option model:	Forward power price	$2 to $212 ($30) per MWh	$4 to $102 ($31) per MWh
	Commodity volatility	5% to 167% (14%)	7% to 205% (17%)
	Cross-commodity correlation	5% to 99% (92%)	5% to 99% (92%)
Investments ($1,012 and $1,020)
Discounted cash flow:	WACC	9% to 15% (9%)	8% to 15% (9%)
	Exit multiple	8 to 10 times (10 times)	8 to 11 times (10 times)
Market approach:	EBITDA multiple	6 to 24 times (11 times)	6 to 25 times (11 times)
Comparable pricing:	Comparable equity price	35% to 100% (93%)	45% to 100% (92%)
Liabilities at Fair Value
Securities sold under agreements to repurchase ($ and $150)
Discounted cash flow:	Funding spread	N/A	107 to 126 bps (120 bps)
Other secured financings ($220 and $239)
Discounted cash flow:	Funding spread	54 to 93 bps (74 bps)	39 to 76 bps (57 bps)
Option model:	Volatility skew	-1%	-1%
	At the money volatility	10% to 40% (26%)	10% to 40% (26%)
Borrowings ($3,626 and $2,984)
Option model:	At the money volatility	5% to 33% (23%)	5% to 35% (22%)
	Volatility skew	-2% to 0% (0%)	-2% to 0% (0%)
	Equity - Equity correlation	45% to 95% (81%)	39% to 95% (86%)
	Equity - Foreign exchange correlation	-43% to 30% (-26%)	-55% to 10% (-18%)
Nonrecurring Fair Value Measurement
Assets at fair value
Loans ($1,057 and $924)
Corporate loan model:	Credit spread	94 to 432 bps (206 bps)	93 to 563 bps (239 bps)
Expected recovery:	Asset coverage	95% to 99% (95%)	95% to 99% (95%)

Points—Percentage of par

• Amounts represent weighted averages except where simple averages and the median of the inputs are provided when more relevant.
• CVA and FVA are included in the balance but excluded from the Valuation Technique(s) and Significant Unobservable Inputs. CVA is a Level 3 input when the underlying counterparty credit curve is unobservable. FVA is a Level 3 input in its entirety given the lack of observability of funding spreads in the principal market.
• Includes derivative contracts with multiple risks (i.e., hybrid products).

Measured Based on Net Asset Value

	At March 31, 2018				At December 31, 2017
	Carrying				Carrying
$ in millions	Value		Commitment		Value		Commitment
Private equity	$	1,678	$	304	$	1,674	$	308
Real estate		796		181		800		183
Hedge1		99		4		90		4
Total	$	2,573	$	489	$	2,564	$	495

• Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawingfrom the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively.

Nonredeemable Funds by Contractual Maturity
	Carrying Value at March 31, 2018
$ in millions	Private Equity		Real Estate
Less than 5 years	$	430	$	60
5-10 years		1,054		527
Over 10 years		194		209
Total	$	1,678	$	796

Earnings Impact of Instruments under the Fair Value Option

Earnings Impact of Instruments under the Fair Value Option
			Interest
	Trading		Income		Net
$ in millions	Revenues		(Expense)		Revenues
Three Months Ended March 31, 2018
Borrowings	$	26	$	(102)	$	(76)

Three Months Ended March 31, 2017
Borrowings	$	(1,625)	$	(119)	$	(1,744)

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

Gains (Losses) Due to Changes in Instrument-Specific Credit Risk
	Three Months Ended March 31,
		2018				2017
$ in millions		Trading Revenues		OCI		Trading Revenues		OCI
Borrowings	$	(15)	$	593	$	(4)	$	14
Securities sold under
agreements to repurchase		─		2		─		(3)
Loans and other debt1		81		─		(3)		─
Lending commitments2		2		─		─		─

$ in millions	At March 31, 2018		At December 31, 2017
Cumulative pre-tax DVA gain
(loss) recognized in AOCI	$	(1,236)	$	(1,831)

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

2. Gains (losses) on lending commitments were generally determined based on the difference between estimated expected client yields and contractual yields at each respective period-end.

Borrowings Measured at Fair Value on a Recurring Basis

Borrowings Measured at Fair Value on a Recurring Basis
	At		At
	March 31,		December 31,
$ in millions	2018		2017
Business Unit Responsible for Risk Management
Equity	$	25,181	$	25,903
Interest rates		19,744		19,230
Foreign exchange		622		666
Credit		855		815
Commodities		1,131		298
Total	$	47,533	$	46,912

Excess of Contractual Principal Amount Over Fair Value

Excess of Contractual Principal Amount Over Fair Value
	At		At
	March 31,		December 31,
$ in millions	2018		2017
Loans and other debt1	$	14,843	$	13,481
Loans 90 or more days past due
and/or on nonaccrual status1		11,834		11,253
Borrowings2		897		71

1. The majority of the difference between principal and fair value amounts for loans and other debt relates to distressed debt positions purchased at amounts well below par.

2.Borrowings do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in a reference price or index

Fair Value Loans on Nonaccrual Status

Fair Value Loans on Nonaccrual Status
	At		At
	March 31,		December 31,
$ in millions	2018		2017
Nonaccrual loans	$	1,315	$	1,240
Nonaccrual loans 90 or more
days past due	$	654	$	779

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Measured at Fair Value on a Nonrecurring Basis

Carrying and Fair Values

	At March 31, 2018
	Fair Value
$ in millions		Level 2		Level 31		Total
Assets
Loans	$	1,352	$	1,057	$	2,409
Other assets—Premises,
equipment and software		─		─		─
Total	$	1,352	$	1,057	$	2,409
Liabilities
Other liabilities and
accrued expenses—
Lending commitments	$	173	$	40	$	213
Total	$	173	$	40	$	213

	At December 31, 2017
	Fair Value
$ in millions		Level 2		Level 31		Total
Assets
Loans	$	1,394	$	924	$	2,318
Other assets—Other
investments		─		144		144
Total	$	1,394	$	1,068	$	2,462
Liabilities
Other liabilities and
accrued expenses—
Lending commitments	$	158	$	38	$	196
Total	$	158	$	38	$	196

• For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement.

Gains (Losses) from Fair Value Remeasurements1
	Three Months Ended
	March 31,
$ in millions	2018		2017
Assets
Loans2	$	8	$	32
Other assets—Premises,
equipment and software3		(8)		(5)
Total	$	─	$	27
Liabilities
Other liabilities and
accrued expenses—
Lending commitments2	$	6	$	11
Total	$	6	$	11

• Gains and losses for Loans are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale, otherwise in Other expenses.
• Nonrecurring changes in the fair value of loans and lending commitments were calculated as follows: for the held for investment category, based on the value of the underlying collateral; and for the held for sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable.
• Losses related to Other assets—Premises, equipment and software costs were determined using techniques that included a default recovery analysis and recently executed transactions.

Financial Instruments Not Measured at Fair Value

Financial Instruments Not Measured at Fair Value

	At March 31, 2018
		Carrying	Fair Value
$ in millions		Value		Level 1		Level 2		Level 3		Total
Financial Assets
Cash and cash equivalents:
Cash and due
from banks	$	29,073	$	29,073	$	—	$	—	$	29,073
Interest bearing
deposits with
banks		22,980		22,980		—		—		22,980
Restricted cash		35,291		35,291		—		—		35,291
Investment securities—
HTM		23,892		11,327		11,270		322		22,919
Securities purchased
under agreements
to resell		80,246		—		80,175		16		80,191
Securities borrowed		135,835		—		135,781		—		135,781
Customer and other
receivables1		61,017		—		57,405		3,433		60,838
Loans2		109,135		—		25,687		83,146		108,833
Other assets		438		—		438		—		438
Financial Liabilities
Deposits	$	160,182	$	—	$	160,172	$	—	$	160,172
Securities sold
under agreements
to repurchase		50,783		—		50,763		1		50,764
Securities loaned		13,556		—		13,623		—		13,623
Other secured
financings		6,852		—		6,265		607		6,872
Customer and
other payables1		191,332		—		191,332		—		191,332
Borrowings		147,431		—		151,664		27		151,691

		At December 31, 2017
		Carrying	Fair Value
$ in millions		Value		Level 1		Level 2		Level 3		Total
Financial Assets
Cash and cash equivalents:
Cash and due
from banks	$	24,816	$	24,816	$	—	$	—	$	24,816
Interest bearing
deposits with
banks		21,348		21,348		—		—		21,348
Restricted cash		34,231		34,231		—		—		34,231
Investment securities—
HTM		23,599		11,119		11,673		289		23,081
Securities purchased
under agreements
to resell		84,258		—		78,239		5,978		84,217
Securities borrowed		124,010		—		124,018		1		124,019
Customer and other
receivables1		51,269		—		47,159		3,984		51,143
Loans2		104,126		—		21,290		82,928		104,218
Other assets		433		—		433		—		433
Financial Liabilities
Deposits	$	159,232	$	—	$	159,232	$	—	$	159,232
Securities sold
under agreements
to repurchase		55,624		—		51,752		3,867		55,619
Securities loaned		13,592		—		13,191		401		13,592
Other secured
financings		7,408		—		5,987		1,431		7,418
Customer and
other payables1		188,464		—		188,464		—		188,464
Borrowings		145,670		—		151,692		30		151,722

• Accrued interestand dividend receivables and payables where carrying value approximates fair value have been excluded.
• Amounts include loans measured at fair value on a nonrecurring basis.

Lending Commitments-Held for Investment and Held for Sale

Commitments—Held for Investment and Held for Sale
	Commitment		Fair Value
$ in millions	Amount1			Level 2		Level 3		Total
March 31, 2018	$	117,582	$	643	$	185	$	828
December 31, 2017		100,151		620		174		794

• For further discussion on lending commitments, see Note 11.