Bank of America (BAC) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-6523
Entity Registrant Name	Bank of America Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-0906609
Entity Address, Address Line One	100 N. Tryon Street
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28255
City Area Code	704
Local Phone Number	386-5681
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,675,610,948
Entity Central Index Key	0000070858
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock, par value $0.01 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BAC
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrE
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 6.200% Non-Cumulative Preferred Stock, Series CC
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrC
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series EE
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrA
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrB
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, HH
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrK
Security Exchange Name	NYSE
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Document Information [Line Items]
Title of 12(b) Security	7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Trading Symbol	BAC PrL
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrG
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrH
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrJ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrL
Security Exchange Name	NYSE
Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	Floating Rate Preferred Hybrid Income Term Securities of BAC Capital
Trading Symbol	BAC/PF
Security Exchange Name	NYSE
5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities
Trading Symbol	BAC/PG
Security Exchange Name	NYSE
Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation
Document Information [Line Items]
Title of 12(b) Security	Income Capital Obligation Notes initially due December 15, 2066 of
Trading Symbol	MER PrK
Security Exchange Name	NYSE
Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)
Document Information [Line Items]
Title of 12(b) Security	Senior Medium-Term Notes, Series A, Step Up Callable Notes, due
Trading Symbol	BAC/31B
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of
Trading Symbol	BAC PrM
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrN
Security Exchange Name	NYSE

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net interest income
Interest income	$ 16,098	$ 18,170
Interest expense	3,968	5,795
Net interest income	12,130	12,375
Noninterest income
Fees and commissions	8,321	7,838
Market making and similar activities	2,807	2,768
Other income	(491)	23
Total noninterest income	10,637	10,629
Total revenue, net of interest expense	22,767	23,004
Provision for credit losses	4,761	1,013
Noninterest expense
Compensation and benefits	8,341	8,249
Occupancy and equipment	1,702	1,605
Information processing and communications	1,209	1,164
Product delivery and transaction related	777	662
Marketing	438	442
Professional fees	375	360
Other general operating	633	742
Total noninterest expense	13,475	13,224
Income before income taxes	4,531	8,767
Income tax expense	521	1,456
Net income	4,010	7,311
Preferred stock dividends	469	442
Net income applicable to common shareholders	$ 3,541	$ 6,869
Per common share information
Earnings (in dollars per share)	$ 0.40	$ 0.71
Diluted earnings (in dollars per share)	$ 0.40	$ 0.70
Average common shares issued and outstanding (in shares)	8,815.6	9,725.9
Average diluted common shares issued and outstanding (in shares)	8,862.7	9,787.3

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 4,010	$ 7,311
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	4,795	2,309
Net change in debit valuation adjustments	1,346	(363)
Net change in derivatives	417	229
Employee benefit plan adjustments	43	28
Net change in foreign currency translation adjustments	(88)	(34)
Other comprehensive income (loss)	6,513	2,169
Comprehensive income	$ 10,523	$ 9,480

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 30,052	$ 30,152
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	220,338	131,408
Cash and cash equivalents	250,390	161,560
Time deposits placed and other short-term investments	12,283	7,107
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $49,033 and $50,364 measured at fair value)	301,969	274,597
Trading account assets (includes $82,023 and $90,946 pledged as collateral)	193,323	229,826
Derivative assets	57,654	40,485
Debt securities:
Carried at fair value	221,104	256,467
Held-to-maturity, at cost (fair value – $266,595 and $219,821)	254,748	215,730
Total debt securities	475,852	472,197
Loans and Leases Receivable, Net of Deferred Income	1,050,785	983,426
Loans and Leases Receivable, Allowance	15,766	9,416
Loans and Leases Receivable, Net Amount	1,035,019	974,010
Loans and leases (includes $9,016 and $8,335 measured at fair value)	1,050,785	983,426
Allowance for loan and lease losses	(15,766)
Premises and equipment, net	10,792	10,561
Goodwill	68,951	68,951
Loans held-for-sale (includes $3,609 and $3,709 measured at fair value)	7,862	9,158
Customer and other receivables	69,238	55,937
Other assets (includes $6,789 and $15,518 measured at fair value)	136,621	129,690
Total assets	2,619,954	2,434,079
Deposits in U.S. offices:
Noninterest-bearing	484,342	403,305
Interest-bearing (includes $589 and $508 measured at fair value)	1,008,922	940,731
Deposits in non-U.S. offices:
Noninterest-bearing	13,695	13,719
Interest-bearing	76,366	77,048
Total deposits	1,583,325	1,434,803
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $17,192 and $16,008 measured at fair value)	170,043	165,109
Trading account liabilities	77,151	83,270
Derivative liabilities	54,658	38,229
Short-term borrowings (includes $3,020 and $3,941 measured at fair value)	30,118	24,204
Accrued expenses and other liabilities (includes $6,825 and $15,434 measured at fair value and $1,360 and $813 of reserve for unfunded lending commitments)	183,029	182,798
Long-term debt (includes $32,163 and $34,975 measured at fair value)	256,712	240,856
Total liabilities	2,355,036	2,169,269
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,887,440 and 3,887,440 shares	23,427	23,401
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 8,675,487,435 and 8,836,148,954 shares	85,745	91,723
Retained earnings	155,866	156,319
Accumulated other comprehensive income (loss)	(120)	(6,633)
Total shareholders’ equity	264,918	264,810
Total liabilities and shareholders’ equity	2,619,954	2,434,079
Consolidated VIEs
Assets
Trading account assets (includes $82,023 and $90,946 pledged as collateral)	5,405	5,811
Debt securities:
Loans and leases (includes $9,016 and $8,335 measured at fair value)	37,009	38,837
Allowance for loan and lease losses	(1,472)	(807)
Loans and leases, net of allowance	35,537	38,030
Other assets (includes $6,789 and $15,518 measured at fair value)	536	540
Total assets	41,478	44,381
Deposits in non-U.S. offices:
Short-term borrowings (includes $3,020 and $3,941 measured at fair value)	1,147	2,175
Long-term debt (includes $32,163 and $34,975 measured at fair value)	6,787	8,718
All other liabilities (includes $37 and $19 of non-recourse liabilities)	39	22
Total liabilities	$ 7,973	$ 10,915

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 49,033	$ 50,364
Trading account assets, pledged as collateral	82,023	90,946
Debt securities:
Held-to-maturity, fair value	266,595	219,821
Loans and leases, measured at fair value	9,016	8,335
Loans held-for-sale, measured at fair value	3,609	3,709
Other assets, measured at fair value	6,789	15,518
Deposits in U.S. offices:
Interest-bearing, measured at fair value	589	508
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	17,192	16,008
Short-term borrowings, measured at fair value	3,020	3,941
Accrued expenses and other liabilities, measured at fair value	6,825	15,434
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,360	813
Long-term debt, measured at fair value	$ 32,163	$ 34,975
Shareholders’ equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (in shares)	3,887,440	3,887,440
Preferred stock outstanding (in shares)	3,887,440	3,887,440
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	12,800,000,000	12,800,000,000
Common stock issued (in shares)	8,675,487,435	8,836,148,954
Common stock outstanding (in shares)	8,675,487,435	8,836,148,954
Consolidated VIEs | Long-term debt
Shareholders’ equity
Non-recourse debt	$ 6,786	$ 8,717
Consolidated VIEs | Other liabilities
Shareholders’ equity
Non-recourse debt	$ 37	$ 19

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Common Stock and Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2018	$ 265,325	$ 22,326	$ 118,896	$ 136,314	$ (12,211)
Beginning Balance (in shares) at Dec. 31, 2018			9,669.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,311			7,311
Net change in debt securities	2,309				2,309
Net change in debit valuation adjustments	(363)				(363)
Net change in derivatives	229				229
Employee benefit plan adjustments	28				28
Net change in foreign currency translation adjustments	(34)				(34)
Dividends declared:
Common	(1,456)			(1,456)
Preferred	(442)			(442)
Common stock issued under employee plans, net, and other	201		$ 205	(4)
Common stock issued under employee plans, net, and other (in shares)			119.1
Common stock repurchased	(6,263)		$ (6,263)
Common stock repurchased (in shares)			(220)
Ending Balance at Mar. 31, 2019	267,010	22,326	$ 112,838	141,888	(10,042)
Ending Balance (in shares) at Mar. 31, 2019			9,568.4
Beginning Balance at Dec. 31, 2019	264,810	23,401	$ 91,723	156,319	(6,633)
Beginning Balance (in shares) at Dec. 31, 2019			8,836.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,010			4,010
Net change in debt securities	4,795				4,795
Net change in debit valuation adjustments	1,346				1,346
Net change in derivatives	417				417
Employee benefit plan adjustments	43				43
Net change in foreign currency translation adjustments	(88)				(88)
Dividends declared:
Common	(1,579)			(1,579)
Preferred	(469)			(469)
Issuance of preferred stock	1,098	1,098
Redemption of preferred stock	(1,072)	(1,072)
Common stock issued under employee plans, net, and other	375		$ 384	(9)
Common stock issued under employee plans, net, and other (in shares)			39.7
Common stock repurchased	(6,362)		$ (6,362)
Common stock repurchased (in shares)			(200.3)
Ending Balance at Mar. 31, 2020	$ 264,918	$ 23,427	$ 85,745	$ 155,866	$ (120)
Ending Balance (in shares) at Mar. 31, 2020			8,675.5

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income	$ 4,010	$ 7,311
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	4,761	1,013
Gains on sales of debt securities	(315)	(6)
Depreciation and amortization	432	418
Net amortization of premium/discount on debt securities	482	362
Deferred income taxes	(229)	763
Stock-based compensation	543	504
Loans held-for-sale:
Originations and purchases	(6,078)	(3,566)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities	7,397	7,848
Net change in:
Trading and derivative assets/liabilities	29,615	(6,543)
Other assets	(21,022)	3,995
Accrued expenses and other liabilities	(588)	(346)
Other operating activities, net	35	3,348
Net cash provided by operating activities	19,043	15,101
Net change in:
Time deposits placed and other short-term investments	(5,176)	(1,986)
Federal funds sold and securities borrowed or purchased under agreements to resell	(27,372)	(5,886)
Debt securities carried at fair value:
Proceeds from sales	9,977	31,136
Proceeds from paydowns and maturities	16,708	18,903
Purchases	(18,131)	(51,028)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	11,933	5,284
Purchases	(7,132)	(416)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	2,050	2,952
Purchases	(1,982)	(1,060)
Other changes in loans and leases, net	(69,667)	(1,999)
Other investing activities, net	(1,619)	(667)
Net cash used in investing activities	(90,411)	(4,767)
Net change in:
Deposits	148,522	(2,139)
Short-term borrowings	5,904
Short-term borrowings		(6,181)
Federal funds purchased and securities loaned or sold under agreements to repurchase	4,934	1,463
Long-term debt:
Proceeds from issuance	18,728	14,716
Retirement	(7,843)	(14,292)
Preferred stock:
Proceeds from issuance	1,098	0
Redemption	(1,072)	0
Common stock repurchased	(6,362)	(6,263)
Cash dividends paid	(2,083)	(1,926)
Other financing activities, net	(679)	(886)
Net cash provided by (used in) financing activities	161,147	(15,508)
Effect of exchange rate changes on cash and cash equivalents	(949)	(607)
Net increase (decrease) in cash and cash equivalents	88,830	(5,781)
Cash and cash equivalents at January 1	161,560	177,404
Cash and cash equivalents at March 31	$ 250,390	$ 171,623

Summary of Significant Accounti

Summary of Significant Accounting Principles	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Principles	Summary of Significant Accounting Principles Bank of America Corporation, a bank holding company and a financial holding company, provides a diverse range of financial services and products throughout the U.S. and in certain international markets. The term “the Corporation” as used herein may refer to Bank of America Corporation, individually, Bank of America Corporation and its subsidiaries, or certain of Bank of America Corporation’s subsidiaries or affiliates. Principles of Consolidation and Basis of Presentation The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments are included in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income. The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K. The nature of the Corporation’s business is such that the results of any interim period are not necessarily indicative of results for a full year. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim period results, have been made. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission. Certain prior-period amounts have been reclassified to conform to current period presentation. New Accounting Standards Reference Rate Reform In March 2020, the FASB issued a new accounting standard related to contracts or hedging relationships that reference LIBOR or other reference rates that are expected to be discontinued due to reference rate reform. The new standard provides for optional expedients and other guidance regarding the accounting related to modifications of contracts, hedging relationships and other transactions affected by reference rate reform. The Corporation has elected to retrospectively adopt the new standard as of January 1, 2020 which resulted in no immediate impact. While reference rate reform is not expected to have a material accounting impact on the Corporation’s consolidated financial position or results of operations, the standard will ease the administrative burden in accounting for the future effects of reference rate reform. Accounting for Financial Instruments -- Credit Losses On January 1, 2020, the Corporation adopted the new accounting standard that requires the measurement of the allowance for credit losses to be based on management’s best estimate of lifetime expected credit losses (ECL) inherent in the Corporation’s relevant financial assets. Upon adoption of the standard on January 1, 2020, the Corporation recorded a $3.3 billion , or 32 percent , increase to the allowance for credit losses. After adjusting for deferred taxes and other adoption effects, a $2.4 billion decrease was recorded in retained earnings through a cumulative-effect adjustment. Accounting Policies for Credit Losses The following summarizes the Corporation’s accounting policies for certain credit loss activities. Allowance for Credit Losses The allowance for credit losses includes both the allowance for loan and lease losses and the reserve for unfunded lending commitments and represents management’s estimate of the ECL in the Corporation’s loan and lease portfolio, excluding loans and unfunded lending commitments accounted for under the fair value option. The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels, corporate bond spreads and long-term interest rate forecasts. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the amount of weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal as well as third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. The allowance for loan and lease losses for troubled debt restructurings (TDR) is measured based on the present value of projected future lifetime principal and interest cash flows discounted at the loan’s original effective interest rate, or in cases where foreclosure is probable or the loan is collateral dependent, at the loan’s collateral value or its observable market price, if available. The measurement of expected credit losses for the renegotiated consumer credit card TDR portfolio is based on the present value of projected cash flows discounted using the average TDR portfolio contractual interest rate, excluding promotionally priced loans, in effect prior to restructuring. Projected cash flows for TDRs use the same economic outlook as discussed above. For purposes of computing this specific loss component of the allowance, larger impaired loans are evaluated individually and smaller impaired loans are evaluated as a pool. Also included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately represented in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due and collateral-dependent TDRs, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due and collateral-dependent TDRs, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates expected credit losses giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The commercial real estate model also utilizes key economic variables to forecast market indicators such as rent levels and vacancy rates, which impact the expected credit loss estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook and the model considers key economic variables such as unemployment rate, gross domestic product, credit risk spreads, asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Securities The Corporation evaluates each available-for-sale (AFS) security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for expected credit losses except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of a credit loss. Any credit losses determined are recognized as an increase to the allowance for credit losses through provision expense recorded in other income. Cash flows expected to be collected are estimated using all relevant information available such as, remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated other comprehensive income (OCI). In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its held-to-maturity (HTM) debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Other Assets For the Corporation’s financial assets that are measured at amortized cost and are not included in debt securities or loans and leases on the Consolidated Balance Sheet, the Corporation evaluates these assets for expected credit losses using various techniques. For assets that are subject to collateral maintenance provisions, including federal funds sold and securities borrowed or purchased under agreements to resell, where the collateral consists of daily margining of liquid and marketable assets where the margining is expected to be maintained into the foreseeable future, the expected losses are assumed to be zero . For all other assets, the Corporation performs qualitative analyses, including consideration of historical losses and current economic conditions, to estimate any expected credit losses which are then included in a valuation account that is recorded as a contra-asset against the amortized cost basis of the financial asset. Troubled Debt Restructurings The Corporation has implemented various consumer and commercial loan modification programs to provide its borrowers relief from the economic impacts of COVID-19. In accordance with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Corporation has elected to not apply troubled debt restructuring classification to any COVID-19 related loan modifications that were performed after March 1, 2020 to borrowers who were current as of December 31, 2019. Accordingly, these restructurings are not classified as TDRs. In addition, for loans modified in response to the COVID-19 pandemic that do not meet the above criteria (e.g., current payment status at December 31, 2019), the Corporation is applying the guidance included in an interagency statement issued by the bank regulatory agencies. This guidance states that loan modifications performed in light of the COVID-19 pandemic, including loan payment deferrals that are up to six months in duration, that were granted to borrowers who were current as of the implementation date of a loan modification program or modifications granted under government mandated modification programs, are not TDRs. For loan modifications that include a payment deferral and are not TDRs, the borrower’s past due and nonaccrual status will not be impacted during the deferral period. Interest income will continue to be recognized over the contractual life of the loan. For more information on the Corporation's TDR accounting, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K.

Net Interest Income and Noninte

Net Interest Income and Noninterest Income	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Net Interest Income and Noninterest Income	Net Interest Income and Noninterest Income The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three months ended March 31, 2020 and 2019 . For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For a disaggregation of noninterest income by business segment and All Other , see Note 17 – Business Segment Information . Three Months Ended March 31 (Dollars in millions) 2020 2019 Net interest income Interest income Loans and leases $ 9,963 $ 10,885 Debt securities 2,843 3,119 Federal funds sold and securities borrowed or purchased under agreements to resell 819 1,195 Trading account assets 1,247 1,322 Other interest income 1,226 1,649 Total interest income 16,098 18,170 Interest expense Deposits 1,184 1,795 Short-term borrowings 1,120 1,852 Trading account liabilities 329 345 Long-term debt 1,335 1,803 Total interest expense 3,968 5,795 Net interest income $ 12,130 $ 12,375 Noninterest income Fees and commissions Card income Interchange fees (1) $ 792 $ 896 Other card income 480 479 Total card income 1,272 1,375 Service charges Deposit-related fees 1,627 1,580 Lending-related fees 276 259 Total service charges 1,903 1,839 Investment and brokerage services Asset management fees 2,682 2,440 Brokerage fees 1,076 920 Total investment and brokerage services 3,758 3,360 Investment banking fees Underwriting income 848 666 Syndication fees 271 255 Financial advisory services 269 343 Total investment banking fees 1,388 1,264 Total fees and commissions 8,321 7,838 Market making and similar activities 2,807 2,768 Other income (491 ) 23 Total noninterest income $ 10,637 $ 10,629 (1) Gross interchange fees were $2.3 billion for both the three months ended March 31, 2020 and 2019 , and are presented net of $1.5 billion and $1.4 billion of expenses for rewards and partner payments for the same periods.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Derivative Balances Derivatives are entered into on behalf of customers, for trading or to support risk management activities. Derivatives used in risk management activities include derivatives that may or may not be designated in qualifying hedge accounting relationships. Derivatives that are not designated in qualifying hedge accounting relationships are referred to as other risk management derivatives. For more information on the Corporation’s derivatives and hedging activities, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at March 31, 2020 and December 31, 2019 . Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. March 31, 2020 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Hedges Total Trading and Other Risk Management Derivatives Qualifying Hedges Total Interest rate contracts Swaps $ 19,058.4 $ 199.6 $ 21.0 $ 220.6 $ 217.2 $ 0.5 $ 217.7 Futures and forwards 6,585.6 13.4 — 13.4 13.0 — 13.0 Written options 1,782.9 — — — 56.3 — 56.3 Purchased options 1,768.8 60.6 — 60.6 — — — Foreign exchange contracts Swaps 1,617.0 47.9 1.2 49.1 53.6 1.5 55.1 Spot, futures and forwards 4,566.2 68.5 1.0 69.5 66.8 0.2 67.0 Written options 314.1 — — — 6.8 — 6.8 Purchased options 309.6 7.5 — 7.5 — — — Equity contracts Swaps 241.8 22.0 — 22.0 19.8 — 19.8 Futures and forwards 95.8 1.2 0.1 1.3 0.4 — 0.4 Written options 601.7 — — — 50.0 — 50.0 Purchased options 576.1 56.4 — 56.4 — — — Commodity contracts Swaps 41.3 5.9 — 5.9 6.3 — 6.3 Futures and forwards 48.2 1.9 — 1.9 0.6 — 0.6 Written options 33.0 — — — 5.6 — 5.6 Purchased options 37.0 5.2 — 5.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 354.2 8.1 — 8.1 2.1 — 2.1 Total return swaps/options 98.3 2.1 — 2.1 1.5 — 1.5 Written credit derivatives: Credit default swaps 332.0 1.7 — 1.7 6.5 — 6.5 Total return swaps/options 97.8 1.0 — 1.0 1.9 — 1.9 Gross derivative assets/liabilities $ 503.0 $ 23.3 $ 526.3 $ 508.4 $ 2.2 $ 510.6 Less: Legally enforceable master netting agreements (415.2 ) (415.2 ) Less: Cash collateral received/paid (53.4 ) (40.7 ) Total derivative assets/liabilities $ 57.7 $ 54.7 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $(4.5) billion and $279.4 billion at March 31, 2020 . December 31, 2019 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Hedges Total Trading and Other Risk Management Derivatives Qualifying Hedges Total Interest rate contracts Swaps $ 15,074.4 $ 162.0 $ 9.7 $ 171.7 $ 168.5 $ 0.4 $ 168.9 Futures and forwards 3,279.8 1.0 — 1.0 1.0 — 1.0 Written options 1,767.7 — — — 32.5 — 32.5 Purchased options 1,673.6 37.4 — 37.4 — — — Foreign exchange contracts Swaps 1,657.7 30.3 0.7 31.0 31.7 0.9 32.6 Spot, futures and forwards 3,792.7 35.9 0.1 36.0 38.7 0.3 39.0 Written options 274.3 — — — 3.8 — 3.8 Purchased options 261.6 4.0 — 4.0 — — — Equity contracts Swaps 315.0 6.5 — 6.5 8.1 — 8.1 Futures and forwards 125.1 0.3 — 0.3 1.1 — 1.1 Written options 731.1 — — — 34.6 — 34.6 Purchased options 668.6 42.4 — 42.4 — — — Commodity contracts Swaps 42.0 2.1 — 2.1 4.4 — 4.4 Futures and forwards 61.3 1.7 — 1.7 0.4 — 0.4 Written options 33.2 — — — 1.4 — 1.4 Purchased options 37.9 1.4 — 1.4 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 321.6 2.7 — 2.7 5.6 — 5.6 Total return swaps/options 86.6 0.4 — 0.4 1.3 — 1.3 Written credit derivatives: Credit default swaps 300.2 5.4 — 5.4 2.0 — 2.0 Total return swaps/options 86.2 0.8 — 0.8 0.4 — 0.4 Gross derivative assets/liabilities $ 334.3 $ 10.5 $ 344.8 $ 335.5 $ 1.6 $ 337.1 Less: Legally enforceable master netting agreements (270.4 ) (270.4 ) Less: Cash collateral received/paid (33.9 ) (28.5 ) Total derivative assets/liabilities $ 40.5 $ 38.2 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $2.8 billion and $309.7 billion at December 31, 2019 . Offsetting of Derivatives The Corporation enters into International Swaps and Derivatives Association, Inc. (ISDA) master netting agreements or similar agreements with substantially all of the Corporation’s derivative counterparties. For more information, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash . Offsetting of Derivatives (1) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities (Dollars in billions) March 31, 2020 December 31, 2019 Interest rate contracts Over-the-counter $ 277.6 $ 271.1 $ 203.1 $ 196.6 Exchange-traded 0.3 0.3 0.1 0.1 Over-the-counter cleared 15.2 13.4 6.0 5.3 Foreign exchange contracts Over-the-counter 121.5 124.4 69.2 73.1 Over-the-counter cleared 2.1 2.1 0.5 0.5 Equity contracts Over-the-counter 32.3 24.4 21.3 17.8 Exchange-traded 43.7 42.2 26.4 22.8 Commodity contracts Over-the-counter 9.0 9.1 2.8 4.2 Exchange-traded 2.5 2.2 0.8 0.8 Over-the-counter cleared — 0.1 — 0.1 Credit derivatives Over-the-counter 11.5 10.6 6.4 6.6 Over-the-counter cleared 1.2 1.2 2.5 2.2 Total gross derivative assets/liabilities, before netting Over-the-counter 451.9 439.6 302.8 298.3 Exchange-traded 46.5 44.7 27.3 23.7 Over-the-counter cleared 18.5 16.8 9.0 8.1 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (413.4 ) (400.7 ) (274.7 ) (269.3 ) Exchange-traded (40.5 ) (40.5 ) (21.5 ) (21.5 ) Over-the-counter cleared (14.7 ) (14.7 ) (8.1 ) (8.1 ) Derivative assets/liabilities, after netting 48.3 45.2 34.8 31.2 Other gross derivative assets/liabilities (2) 9.4 9.5 5.7 7.0 Total derivative assets/liabilities 57.7 54.7 40.5 38.2 Less: Financial instruments collateral (3) (16.7 ) (21.4 ) (14.6 ) (16.1 ) Total net derivative assets/liabilities $ 41.0 $ 33.3 $ 25.9 $ 22.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter-cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities. ALM and Risk Management Derivatives The Corporation’s asset and liability management (ALM) and risk management activities include the use of derivatives to mitigate risk to the Corporation including derivatives designated in qualifying hedge accounting relationships and derivatives used in other risk management activities. For more information on ALM and risk management derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Derivatives Designated as Accounting Hedges The Corporation uses various types of interest rate and foreign exchange derivative contracts to protect against changes in the fair value of its assets and liabilities due to fluctuations in interest rates and exchange rates (fair value hedges). The Corporation also uses these types of contracts to protect against changes in the cash flows of its assets and liabilities, and other forecasted transactions (cash flow hedges). The Corporation hedges its net investment in consolidated non-U.S. operations determined to have functional currencies other than the U.S. dollar using forward exchange contracts and cross-currency basis swaps, and by issuing foreign currency-denominated debt (net investment hedges). Fair Value Hedges The table below summarizes information related to fair value hedges for the three months ended March 31, 2020 and 2019 . Gains and Losses on Derivatives Designated as Fair Value Hedges Three Months Ended March 31, 2020 2020 2019 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ 10,334 $ (10,276 ) $ 1,913 $ (1,929 ) Interest rate and foreign currency risk on long-term debt (2) 505 (491 ) 57 (48 ) Interest rate risk on available-for-sale securities (3) (350 ) 342 (45 ) 43 Total $ 10,489 $ (10,425 ) $ 1,925 $ (1,934 ) (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For the three months ended March 31, 2020 and 2019 , the derivative amount includes gains (losses) of $734 million and $170 million in interest expense, $(241) million and $(121) million in market making and similar activities, and $12 million and $8 million in accumulated OCI. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income. The table below summarizes the carrying value of hedged assets and liabilities that are designated and qualifying in fair value hedging relationships along with the cumulative amount of fair value hedging adjustments included in the carrying value that have been recorded in the current hedging relationships. These fair value hedging adjustments are open basis adjustments that are not subject to amortization as long as the hedging relationship remains designated. Designated Fair Value Hedged Assets (Liabilities) March 31, 2020 December 31, 2019 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ (186,490 ) $ (19,542 ) $ (162,389 ) $ (8,685 ) Available-for-sale debt securities (2, 3) 4,157 314 1,654 64 (1) For assets, increase (decrease) to carrying value and for liabilities, (increase) decrease to carrying value. (2) At March 31, 2020 and December 31, 2019 , the cumulative fair value adjustments remaining on long-term debt and AFS debt securities from discontinued hedging relationships resulted in a decrease in the related liability of $1.2 billion and $1.3 billion and an increase in the related asset of $22 million and $8 million , which are being amortized over the remaining contractual life of the de-designated hedged items. (3) Carrying value represents amortized cost. Cash Flow and Net Investment Hedges The following table summarizes certain information related to cash flow hedges and net investment hedges for the three months ended March 31, 2020 and 2019 . Of the $17 million after-tax net gain ( $23 million pretax) on derivatives in accumulated OCI at March 31, 2020 , gains of $77 million after-tax ( $102 million pretax) related to open cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net gains reclassified into earnings are expected to primarily increase net interest income related to the respective hedged items. For terminated cash flow hedges, the time period over which the majority of the forecasted transactions are hedged is approximately three years, with a maximum length of time for certain forecasted transactions of 16 years. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Three Months Ended March 31 2020 2019 (Dollars in millions, amounts pretax) Gains (Losses) Recognized in on Derivatives Gains (Losses) in Income Gains (Losses) Recognized in on Derivatives Gains (Losses) in Income Cash flow hedges Interest rate risk on variable-rate assets (1) $ 591 $ (26 ) $ 254 $ (23 ) Price risk on certain compensation plans (2) (82 ) — — — Total $ 509 $ (26 ) $ 254 $ (23 ) Net investment hedges Foreign exchange risk (3) $ 1,368 $ — $ 6 $ 1 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. For the three months ended March 31, 2020 and 2019 , amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $30 million and $53 million . Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures by economically hedging various assets and liabilities. The following table presents gains (losses) on these derivatives for the three months ended March 31, 2020 and 2019 . These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives Three Months Ended March 31 (Dollars in millions) 2020 2019 Interest rate risk on mortgage activities (1, 2) $ 379 $ 104 Credit risk on loans (2) 88 (26 ) Interest rate and foreign currency risk on ALM activities (3) 1,528 1,229 Price risk on certain compensation plans (4) (757 ) 511 (1) Primarily related to hedges of interest rate risk on mortgage servicing rights and interest rate lock commitments to originate mortgage loans that will be held for sale. The net gains on interest rate lock commitments which are not included in the table but are considered derivative instruments, were $48 million and $12 million for the three months ended March 31, 2020 and 2019 . (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense. Transfers of Financial Assets with Risk Retained through Derivatives The Corporation enters into certain transactions involving the transfer of financial assets that are accounted for as sales where substantially all of the economic exposure to the transferred financial assets is retained through derivatives (e.g., interest rate and/or credit), but the Corporation does not retain control over the assets transferred. As of March 31, 2020 and December 31, 2019 , the Corporation had transferred $4.9 billion and $5.2 billion of non-U.S. government-guaranteed mortgage-backed securities (MBS) to a third-party trust and retained economic exposure to the transferred assets through derivative contracts. In connection with these transfers, the Corporation received gross cash proceeds of $4.9 billion and $5.2 billion at the transfer dates. At March 31, 2020 and December 31, 2019 , the fair value of the transferred securities was $4.6 billion and $5.3 billion . Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions and to manage risk exposures arising from trading account assets and liabilities. It is the Corporation’s policy to include these derivative instruments in its trading activities which include derivatives and non-derivative cash instruments. The resulting risk from these derivatives is managed on a portfolio basis as part of the Corporation’s Global Markets business segment. For more information on sales and trading revenue, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The following table, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in Global Markets , categorized by primary risk, for the three months ended March 31, 2020 and 2019 . This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 17 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The table below is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Income Other (1) Total (Dollars in millions) Three Months Ended March 31, 2020 Interest rate risk $ 1,568 $ 619 $ 68 $ 2,255 Foreign exchange risk 446 5 5 456 Equity risk 1,261 (123 ) 519 1,657 Credit risk (406 ) 441 39 74 Other risk 103 21 7 131 Total sales and trading revenue $ 2,972 $ 963 $ 638 $ 4,573 Three Months Ended March 31, 2019 Interest rate risk $ 300 $ 410 $ 86 $ 796 Foreign exchange risk 318 19 6 343 Equity risk 969 (175 ) 396 1,190 Credit risk 487 430 134 1,051 Other risk 7 18 10 35 Total sales and trading revenue $ 2,081 $ 702 $ 632 $ 3,415 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $557 million and $433 million for the three months ended March 31, 2020 and 2019 . Credit Derivatives The Corporation enters into credit derivatives primarily to facilitate client transactions and to manage credit risk exposures. Credit derivatives are classified as investment and non-investment grade based on the credit quality of the underlying referenced obligation. The Corporation considers ratings of BBB- or higher as investment grade. Non-investment grade includes non-rated credit derivative instruments. The Corporation discloses internal categorizations of investment grade and non-investment grade consistent with how risk is managed for these instruments. For more information on credit derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at March 31, 2020 and December 31, 2019 are summarized in the following table. Credit Derivative Instruments Less than One Year One to Three Years Three to Five Years Over Five Years Total March 31, 2020 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 9 $ 87 $ 620 $ 532 $ 1,248 Non-investment grade 192 1,021 1,945 2,054 5,212 Total 201 1,108 2,565 2,586 6,460 Total return swaps/options: Investment grade 578 — — — 578 Non-investment grade 1,301 10 — — 1,311 Total 1,879 10 — — 1,889 Total credit derivatives $ 2,080 $ 1,118 $ 2,565 $ 2,586 $ 8,349 Credit-related notes: Investment grade $ — $ — $ — $ 1,156 $ 1,156 Non-investment grade 6 2 — 1,075 1,083 Total credit-related notes $ 6 $ 2 $ — $ 2,231 $ 2,239 Maximum Payout/Notional Credit default swaps: Investment grade $ 48,868 $ 75,071 $ 77,467 $ 26,226 $ 227,632 Non-investment grade 19,106 30,941 39,604 14,694 104,345 Total 67,974 106,012 117,071 40,920 331,977 Total return swaps/options: Investment grade 65,869 — 126 — 65,995 Non-investment grade 27,272 4,476 6 5 31,759 Total 93,141 4,476 132 5 97,754 Total credit derivatives $ 161,115 $ 110,488 $ 117,203 $ 40,925 $ 429,731 December 31, 2019 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 60 $ 164 $ 229 Non-investment grade 70 292 561 808 1,731 Total 70 297 621 972 1,960 Total return swaps/options: Investment grade 35 — — — 35 Non-investment grade 344 — — — 344 Total 379 — — — 379 Total credit derivatives $ 449 $ 297 $ 621 $ 972 $ 2,339 Credit-related notes: Investment grade $ — $ 3 $ 1 $ 639 $ 643 Non-investment grade 6 2 1 1,125 1,134 Total credit-related notes $ 6 $ 5 $ 2 $ 1,764 $ 1,777 Maximum Payout/Notional Credit default swaps: Investment grade $ 55,827 $ 67,838 $ 71,320 $ 17,708 $ 212,693 Non-investment grade 19,049 26,521 29,618 12,337 87,525 Total 74,876 94,359 100,938 30,045 300,218 Total return swaps/options: Investment grade 56,488 — 62 76 56,626 Non-investment grade 28,707 657 104 60 29,528 Total 85,195 657 166 136 86,154 Total credit derivatives $ 160,071 $ 95,016 $ 101,104 $ 30,181 $ 386,372 The notional amount represents the maximum amount payable by the Corporation for most credit derivatives. However, the Corporation does not monitor its exposure to credit derivatives based solely on the notional amount because this measure does not take into consideration the probability of occurrence. As such, the notional amount is not a reliable indicator of the Corporation’s exposure to these contracts. Instead, a risk framework is used to define risk tolerances and establish limits so that certain credit risk-related losses occur within acceptable, predefined limits. Credit-related notes in the table above include investments in securities issued by collateralized debt obligation (CDO), collateralized loan obligation and credit-linked note vehicles. These instruments are primarily classified as trading securities. The carrying value of these instruments equals the Corporation’s maximum exposure to loss. The Corporation is not obligated to make any payments to the entities under the terms of the securities owned. Credit-related Contingent Features and Collateral Certain of the Corporation’s derivative contracts contain credit risk-related contingent features, primarily in the form of ISDA master netting agreements and credit support documentation that enhance the creditworthiness of these instruments compared to other obligations of the respective counterparty with whom the Corporation has transacted. These contingent features may be for the benefit of the Corporation as well as its counterparties with respect to changes in the Corporation’s creditworthiness and the mark-to-market exposure under the derivative transactions. At March 31, 2020 and December 31, 2019 , the Corporation held cash and securities collateral of $108.0 billion and $84.3 billion and posted cash and securities collateral of $95.6 billion and $69.1 billion in the normal course of business under derivative agreements, excluding cross-product margining agreements where clients are permitted to margin on a net basis for both derivative and secured financing arrangements. In connection with certain over-the-counter derivative contracts and other trading agreements, the Corporation can be required to provide additional collateral or to terminate transactions with certain counterparties in the event of a downgrade of the senior debt ratings of the Corporation or certain subsidiaries. The amount of additional collateral required depends on the contract and is usually a fixed incremental amount and/or the market value of the exposure. For more information on credit-related contingent features and collateral, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . At March 31, 2020 , the amount of collateral, calculated based on the terms of the contracts, that the Corporation and certain subsidiaries could be required to post to counterparties but had not yet posted to counterparties was $2.8 billion , including $1.2 billion for Bank of America, National Association. Some counterparties are currently able to unilaterally terminate certain contracts, or the Corporation or certain subsidiaries may be required to take other action such as find a suitable replacement or obtain a guarantee. At March 31, 2020 and December 31, 2019 , the liability recorded for these derivative contracts was not significant. The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at March 31, 2020 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. Additional Collateral Required to be Posted Upon Downgrade at March 31, 2020 (Dollars in millions) One incremental notch Second incremental notch Bank of America Corporation $ 519 $ 724 Bank of America, N.A. and subsidiaries (1) 257 495 (1) Included in Bank of America Corporation collateral requirements in this table. The following table presents the derivative liabilities that would be subject to unilateral termination by counterparties and the amounts of collateral that would have been contractually required at March 31, 2020 if the long-term senior debt ratings for the Corporation or certain subsidiaries had been lower by one incremental notch and by an additional second incremental notch. Derivative Liabilities Subject to Unilateral Termination Upon Downgrade at March 31, 2020 (Dollars in millions) One incremental notch Second incremental notch Derivative liabilities $ 161 $ 1,498 Collateral posted 144 1,098 Valuation Adjustments on Derivatives The table below presents credit valuation adjustment (CVA), DVA and FVA gains (losses) on derivatives (excluding the effect of any related hedge activities), which are recorded in market making and similar activities, for the three months ended March 31, 2020 and 2019 . For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended March 31 2020 2019 Derivative assets (CVA) $ (784 ) $ 66 Derivative assets/liabilities (FVA) (156 ) 7 Derivative liabilities (DVA) 414 (81 ) (1) At March 31, 2020 and December 31, 2019 , cumulative CVA reduced the derivative assets balance by $1.3 billion and $528 million , cumulative FVA reduced the net derivatives balance by $309 million and $153 million , and cumulative DVA reduced the derivative liabilities balance by $699 million and $285 million , respectively.

Securities

Securities	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The table below presents the amortized cost, gross unrealized gains and losses, and fair value of AFS debt securities, other debt securities carried at fair value and HTM debt securities at March 31, 2020 and December 31, 2019 . Debt Securities Amortized Cost Gross Gains Gross Losses Fair Value (Dollars in millions) March 31, 2020 Available-for-sale debt securities Mortgage-backed securities: Agency $ 76,599 $ 2,863 $ (1 ) $ 79,461 Agency-collateralized mortgage obligations 4,348 212 (9 ) 4,551 Commercial 14,800 814 (12 ) 15,602 Non-agency residential (1) 882 130 (80 ) 932 Total mortgage-backed securities 96,629 4,019 (102 ) 100,546 U.S. Treasury and agency securities 64,353 4,352 (9 ) 68,696 Non-U.S. securities 12,248 10 (11 ) 12,247 Other taxable securities, substantially all asset-backed securities 6,016 80 (204 ) 5,892 Total taxable securities 179,246 8,461 (326 ) 187,381 Tax-exempt securities 18,752 163 (75 ) 18,840 Total available-for-sale debt securities (3) 197,998 8,624 (401 ) 206,221 Other debt securities carried at fair value (2) 14,791 317 (225 ) 14,883 Total debt securities carried at fair value 212,789 8,941 (626 ) 221,104 Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities (3) 254,764 11,848 (17 ) 266,595 Total debt securities (4, 5) $ 467,553 $ 20,789 $ (643 ) $ 487,699 December 31, 2019 Available-for-sale debt securities Mortgage-backed securities: Agency $ 121,698 $ 1,013 $ (183 ) $ 122,528 Agency-collateralized mortgage obligations 4,587 78 (24 ) 4,641 Commercial 14,797 249 (25 ) 15,021 Non-agency residential (1) 948 138 (9 ) 1,077 Total mortgage-backed securities 142,030 1,478 (241 ) 143,267 U.S. Treasury and agency securities 67,700 1,023 (195 ) 68,528 Non-U.S. securities 11,987 6 (2 ) 11,991 Other taxable securities, substantially all asset-backed securities 3,874 67 — 3,941 Total taxable securities 225,591 2,574 (438 ) 227,727 Tax-exempt securities 17,716 202 (6 ) 17,912 Total available-for-sale debt securities 243,307 2,776 (444 ) 245,639 Other debt securities carried at fair value (2) 10,596 255 (23 ) 10,828 Total debt securities carried at fair value 253,903 3,031 (467 ) 256,467 Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities 215,730 4,433 (342 ) 219,821 Total debt securities (4, 5) $ 469,633 $ 7,464 $ (809 ) $ 476,288 (1) At both March 31, 2020 and December 31, 2019 , the underlying collateral type included approximately 49 percent prime, six percent Alt-A and 45 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in other income. For detail on the components, see Note 14 – Fair Value Measurements . (3) During the three months ended March 31, 2020 , the Corporation reclassified AFS debt securities with a fair value of $44.4 billion to HTM. Additionally, the Corporation transferred $11.1 billion of debt securities from its trading account inventory to its Banking Book with $5.2 billion subsequently classified as AFS securities and $5.9 billion classified in other debt securities carried at fair value. (4) Includes securities pledged as collateral of $71.4 billion and $67.0 billion at March 31, 2020 and December 31, 2019 . (5) The Corporation held debt securities from Fannie Mae and Freddie Mac that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $153.3 billion and $58.8 billion , and a fair value of $161.2 billion and $61.7 billion at March 31, 2020 , and an amortized cost of $157.2 billion and $54.1 billion , and a fair value of $160.6 billion and $55.1 billion at December 31, 2019 . At March 31, 2020 , the accumulated net unrealized gain on AFS debt securities, excluding the amount related to debt securities previously transferred to held to maturity, included in accumulated OCI was $6.2 billion , net of the related income tax expense of $2.0 billion . The Corporation had nonperforming AFS debt securities of $8 million and $9 million at March 31, 2020 and December 31, 2019 . Effective January 1, 2020, the Corporation adopted the new accounting standard for credit losses that requires evaluation of AFS and HTM debt securities for any expected losses with recognition of an allowance for credit losses, when applicable. For more information, see Note 1 – Summary of Significant Accounting Principles . At March 31, 2020 , the Corporation had $168.3 billion in AFS debt securities, which were primarily U.S. agency and U.S. Treasury securities that have a zero credit loss assumption. For the remaining $37.9 billion in AFS debt securities, the amount of expected credit losses was insignificant. Substantially all of the Corporation's HTM debt securities are U.S. agency and U.S. Treasury securities and have a zero credit loss assumption. At March 31, 2020 , the Corporation held equity securities at an aggregate fair value of $835 million and other equity securities, as valued under the measurement alternative, at cost of $222 million , both of which are included in other assets. At March 31, 2020 , the Corporation also held equity securities at fair value of $1.1 billion included in time deposits placed and other short-term investments. In the three months ended March 31, 2020 , the Corporation recorded gross realized gains on sales of AFS debt securities of $316 million and gross realized losses of $1 million , resulting in a net gain of $315 million , with $79 million of income taxes attributable to the realized net gain on sales of these AFS debt securities. For the same period in 2019 , the Corporation recorded gross realized gains of $117 million and gross realized losses of $111 million , resulting in a net gain of $6 million with income taxes attributable to the realized net gain on sales of these AFS debt securities not being significant. The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at March 31, 2020 and December 31, 2019 . Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in millions) March 31, 2020 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ — $ — $ 704 $ (1 ) $ 704 $ (1 ) Agency-collateralized mortgage obligations 6 — 582 (9 ) 588 (9 ) Commercial 652 (9 ) 348 (3 ) 1,000 (12 ) Non-agency residential 455 (67 ) 38 (13 ) 493 (80 ) Total mortgage-backed securities 1,113 (76 ) 1,672 (26 ) 2,785 (102 ) U.S. Treasury and agency securities (495 ) (7 ) 523 (2 ) 28 (9 ) Non-U.S. securities 2,733 (10 ) 513 (1 ) 3,246 (11 ) Other taxable securities, substantially all asset-backed securities 2,950 (191 ) 293 (13 ) 3,243 (204 ) Total taxable securities 6,301 (284 ) 3,001 (42 ) 9,302 (326 ) Tax-exempt securities 6,075 (46 ) 3,090 (29 ) 9,165 (75 ) Total AFS debt securities in a continuous unrealized loss position $ 12,376 $ (330 ) $ 6,091 $ (71 ) $ 18,467 $ (401 ) December 31, 2019 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 17,641 $ (41 ) $ 17,238 $ (142 ) $ 34,879 $ (183 ) Agency-collateralized mortgage obligations 255 (1 ) 925 (23 ) 1,180 (24 ) Commercial 2,180 (22 ) 442 (3 ) 2,622 (25 ) Non-agency residential 122 (6 ) 22 (3 ) 144 (9 ) Total mortgage-backed securities 20,198 (70 ) 18,627 (171 ) 38,825 (241 ) U.S. Treasury and agency securities 12,836 (71 ) 18,866 (124 ) 31,702 (195 ) Non-U.S. securities 851 — 837 (2 ) 1,688 (2 ) Other taxable securities, substantially all asset-backed securities 938 — 222 — 1,160 — Total taxable securities 34,823 (141 ) 38,552 (297 ) 73,375 (438 ) Tax-exempt securities 4,286 (5 ) 190 (1 ) 4,476 (6 ) Total AFS debt securities in a continuous unrealized loss position $ 39,109 $ (146 ) $ 38,742 $ (298 ) $ 77,851 $ (444 ) (1) Includes continuously unrealized loss-positioned AFS debt securities on which an unrealized loss, primarily related to changes in interest rates, remains in accumulated OCI. The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at March 31, 2020 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgages or other asset-backed securities (ABS) are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Year or Less Due after One Year through Five Years Due after Five Years through Ten Years Due after Ten Years Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 9 5.42 % $ 65 4.47 % $ 82,426 3.42 % $ 82,500 3.42 % Agency-collateralized mortgage obligations — — — — 26 2.50 4,322 3.16 4,348 3.16 Commercial 22 1.68 4,956 2.45 8,821 2.56 1,014 2.86 14,813 2.54 Non-agency residential — — — — 12 — 2,069 9.01 2,081 8.96 Total mortgage-backed securities 22 1.68 4,965 2.45 8,924 2.57 89,831 3.53 103,742 3.40 U.S. Treasury and agency securities 6,401 1.25 30,295 1.73 27,622 2.21 38 2.45 64,356 1.89 Non-U.S. securities 18,332 0.87 1,478 1.47 11 2.97 102 7.02 19,923 0.95 Other taxable securities, substantially all asset-backed securities 1,474 2.13 2,011 2.66 1,237 3.31 1,294 3.22 6,016 2.78 Total taxable securities 26,229 1.04 38,749 1.86 37,794 2.33 91,265 3.53 194,037 2.63 Tax-exempt securities 2,612 1.82 7,882 3.28 5,035 2.18 3,223 4.00 18,752 2.90 Total amortized cost of debt securities carried at fair value $ 28,841 1.11 $ 46,631 2.10 $ 42,829 2.32 $ 94,488 3.54 $ 212,789 2.65 Amortized cost of HTM debt securities (2) $ 595 2.66 $ 46 3.62 $ 1,096 2.56 $ 253,027 3.14 $ 254,764 3.14 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 9 $ 69 $ 85,472 $ 85,550 Agency-collateralized mortgage obligations — — 26 4,525 4,551 Commercial 22 5,154 9,352 1,087 15,615 Non-agency residential — — 23 2,031 2,054 Total mortgage-backed securities 22 5,163 9,470 93,115 107,770 U.S. Treasury and agency securities 6,464 31,645 30,551 39 68,699 Non-U.S. securities 18,307 1,481 11 100 19,899 Other taxable securities, substantially all asset-backed securities 1,460 1,880 1,234 1,322 5,896 Total taxable securities 26,253 40,169 41,266 94,576 202,264 Tax-exempt securities 2,610 7,875 5,100 3,255 18,840 Total debt securities carried at fair value $ 28,863 $ 48,044 $ 46,366 $ 97,831 $ 221,104 Fair value of HTM debt securities (2) $ 595 $ 46 $ 1,164 $ 264,790 $ 266,595 (1) The weighted-average yield is computed based on a constant effective interest rate over the contractual life of each security. The average yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related hedging derivatives. (2) Substantially all U.S. agency MBS.

Outstanding Loans and Leases

Outstanding Loans and Leases	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Outstanding Loans and Leases	Outstanding Loans and Leases and Allowance for Credit Losses The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at March 31, 2020 and December 31, 2019 . 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past or More Total Current or Less Than 30 Days Past Due (1) Loans Accounted for Under the Fair Value Option Total Outstandings (Dollars in millions) March 31, 2020 Consumer real estate Core portfolio Residential mortgage $ 1,348 $ 262 $ 580 $ 2,190 $ 231,445 $ 233,635 Home equity 129 59 215 403 34,470 34,873 Non-core portfolio Residential mortgage 434 172 1,109 1,715 8,195 9,910 Home equity 34 15 67 116 4,578 4,694 Credit card and other consumer Credit card 541 368 991 1,900 89,990 91,890 Direct/Indirect consumer (2) 288 77 32 397 89,849 90,246 Other consumer — — — — 150 150 Total consumer 2,774 953 2,994 6,721 458,677 465,398 Consumer loans accounted for under the fair value option (3) $ 556 556 Total consumer loans and leases 2,774 953 2,994 6,721 458,677 556 465,954 Commercial U.S. commercial 715 378 504 1,597 356,907 358,504 Non-U.S. commercial 29 41 1 71 116,541 116,612 Commercial real estate (4) (4) 188 25 137 350 66,304 66,654 Commercial lease financing 119 25 68 212 18,968 19,180 U.S. small business commercial 123 51 108 282 15,139 15,421 Total commercial 1,174 520 818 2,512 573,859 576,371 Commercial loans accounted for under the fair value option (3) 8,460 8,460 Total commercial loans and leases 1,174 520 818 2,512 573,859 8,460 584,831 Total loans and leases (5) $ 3,948 $ 1,473 $ 3,812 $ 9,233 $ 1,032,536 $ 9,016 $ 1,050,785 Percentage of outstandings 0.38 % 0.14 % 0.36 % 0.88 % 98.26 % 0.86 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $474 million and nonperforming loans of $138 million . Consumer real estate loans 60-89 days past due includes fully-insured loans of $174 million and nonperforming loans of $123 million . Consumer real estate loans 90 days or more past due includes fully-insured loans of $1.0 billion . Consumer real estate loans current or less than 30 days past due includes $878 million and direct/indirect consumer includes $43 million of nonperforming loans. For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.0 billion , U.S. securities-based lending loans of $36.4 billion and non-U.S. consumer loans of $3.0 billion . (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $231 million and home equity loans of $325 million . Commercial loans accounted for under the fair value option includes U.S. commercial loans of $5.1 billion and non-U.S. commercial loans of $3.4 billion . For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $62.9 billion and non-U.S. commercial real estate loans of $3.8 billion . (5) Total outstandings includes loans and leases pledged as collateral of $32.7 billion . The Corporation also pledged $217.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Accounted for Under the Fair Value Option Total Outstandings (Dollars in millions) December 31, 2019 Consumer real estate Core portfolio Residential mortgage $ 1,378 $ 261 $ 565 $ 2,204 $ 223,566 $ 225,770 Home equity 135 70 198 403 34,823 35,226 Non-core portfolio Residential mortgage 458 209 1,263 1,930 8,469 10,399 Home equity 34 16 72 122 4,860 4,982 Credit card and other consumer Credit card 564 429 1,042 2,035 95,573 97,608 Direct/Indirect consumer (2) 297 85 35 417 90,581 90,998 Other consumer — — — — 192 192 Total consumer 2,866 1,070 3,175 7,111 458,064 465,175 Consumer loans accounted for under the fair value option (3) $ 594 594 Total consumer loans and leases 2,866 1,070 3,175 7,111 458,064 594 465,769 Commercial U.S. commercial 788 279 371 1,438 305,610 307,048 Non-U.S. commercial 35 23 8 66 104,900 104,966 Commercial real estate (4) 144 19 119 282 62,407 62,689 Commercial lease financing 100 56 39 195 19,685 19,880 U.S. small business commercial 119 56 107 282 15,051 15,333 Total commercial 1,186 433 644 2,263 507,653 509,916 Commercial loans accounted for under the fair value option (3) 7,741 7,741 Total commercial loans and leases 1,186 433 644 2,263 507,653 7,741 517,657 Total loans and leases (5) $ 4,052 $ 1,503 $ 3,819 $ 9,374 $ 965,717 $ 8,335 $ 983,426 Percentage of outstandings 0.41 % 0.15 % 0.39 % 0.95 % 98.20 % 0.85 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $517 million and nonperforming loans of $139 million . Consumer real estate loans 60-89 days past due includes fully-insured loans of $206 million and nonperforming loans of $114 million . Consumer real estate loans 90 days or more past due includes fully-insured loans of $1.1 billion . Consumer real estate loans current or less than 30 days past due includes $856 million and direct/indirect consumer includes $45 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.4 billion , U.S. securities-based lending loans of $36.7 billion and non-U.S. consumer loans of $2.8 billion . (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $257 million and home equity loans of $337 million . Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.7 billion and non-U.S. commercial loans of $3.1 billion . For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $59.0 billion and non-U.S. commercial real estate loans of $3.7 billion . (5) Total outstandings includes loans and leases pledged as collateral of $25.9 billion . The Corporation also pledged $168.2 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. The Corporation categorizes consumer real estate loans as core and non-core based on loan and customer characteristics such as origination date, product type, LTV, Fair Isaac Corporation (FICO) score and delinquency status consistent with its current consumer and mortgage servicing strategy. Generally, loans that were originated after January 1, 2010, qualified under government-sponsored enterprise (GSE) underwriting guidelines, or otherwise met the Corporation’s underwriting guidelines in place in 2015 are characterized as core loans. All other loans are generally characterized as non-core loans and represent runoff portfolios. The Corporation has entered into long-term credit protection agreements with Fannie Mae and Freddie Mac on loans totaling $8.0 billion and $7.5 billion at March 31, 2020 and December 31, 2019 , providing full credit protection on residential mortgage loans that become severely delinquent. All of these loans are individually insured and therefore the Corporation does not record an allowance for credit losses related to these loans. Nonperforming Loans and Leases Commercial nonperforming loans increased to $1.9 billion at March 31, 2020 from $1.5 billion at December 31, 2019 with broad-based increases across multiple industries. Weakness in consumer delinquencies and nonperforming loans was less observable in the three months ended March 31, 2020 as meaningful impacts from the COVID-19 pandemic were not experienced until late in the quarter and were mitigated to some extent by payment deferrals. The table below presents the Corporation’s nonperforming loans and leases including nonperforming TDRs, and loans accruing past due 90 days or more at March 31, 2020 and December 31, 2019 . Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K. Credit Quality Nonperforming Loans and Leases Accruing Past Due 90 Days or More (1) (Dollars in millions) March 31 December 31 March 31 December 31 Residential mortgage (2) $ 1,580 $ 1,470 $ 951 $ 1,088 With negative allowance (3) 482 — Home equity (2) 578 536 — — With negative allowance (3) 123 — Credit Card n/a n/a 991 1,042 Direct/indirect consumer 46 47 30 33 Total consumer 2,204 2,053 1,972 2,163 U.S. commercial 1,240 1,094 188 106 Non-U.S. commercial 90 43 1 8 Commercial real estate 408 280 39 19 Commercial lease financing 44 32 31 20 U.S. small business commercial 70 50 95 97 Total commercial 1,852 1,499 354 250 Total nonperforming loans $ 4,056 $ 3,552 $ 2,326 $ 2,413 Percentage of outstanding loans and leases 0.39 % 0.36 % 0.22 % 0.25 % (1) For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . (2) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At March 31, 2020 and December 31, 2019 residential mortgage includes $637 million and $740 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $314 million and 348 million of loans on which interest was still accruing. (3) At March 31, 2020 , Residential Mortgage and Home Equity include negative allowance on nonperforming loans of $145 million and $107 million . n/a = not applicable Nonperforming consumer loans now include certain loans that were previously classified as purchased credit-impaired loans and accounted for under a pool basis. Upon adoption of the new credit loss standard, these loans are accounted for on an individual basis and, if applicable, included in nonperforming loans. As a result, an additional $130 million and $20 million of residential mortgage and home equity loans were added to nonperforming loans as of March 31, 2020 Credit Quality Indicators The Corporation monitors credit quality within its Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments based on primary credit quality indicators. For more information on the portfolio segments, see Note 1 – Summary of Significant Accounting Principles . Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed LTV and refreshed FICO score. Refreshed LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan, refreshed quarterly. Home equity loans are evaluated using CLTV which measures the carrying value of the Corporation’s loan and available line of credit combined with any outstanding senior liens against the property as a percentage of the value of the property securing the loan, refreshed quarterly. FICO score measures the creditworthiness of the borrower based on the financial obligations of the borrower and the borrower’s credit history. FICO scores are typically refreshed quarterly or more frequently. Certain borrowers (e.g., borrowers that have had debts discharged in a bankruptcy proceeding) may not have their FICO scores updated. FICO scores are also a primary credit quality indicator for the Credit Card and Other Consumer portfolio segment and the business card portfolio within U.S. small business commercial. Within the Commercial portfolio segment, loans are evaluated using the internal classifications of pass rated or reservable criticized as the primary credit quality indicators. The term reservable criticized refers to those commercial loans that are internally classified or listed by the Corporation as Special Mention, Substandard or Doubtful, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not considered reservable criticized. In addition to these primary credit quality indicators, the Corporation uses other credit quality indicators for certain types of loans. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables and year of origination for term loan balances at March 31, 2020 , including revolving loans that converted to term loans without an additional credit decision after origination or through a troubled debt restructuring. Residential Mortgage – Credit Quality Indicators By Vintage (Dollars in millions) Total as of March 31, 2020 2020 2019 2018 2017 2016 Prior Total Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 219,592 $ 16,686 $ 61,053 $ 23,539 $ 31,947 $ 32,310 $ 54,057 Greater than 90 percent but less than or equal to 100 percent 3,735 528 1,714 592 221 140 540 Greater than 100 percent 1,393 175 437 159 79 66 477 Fully-insured loans 18,825 564 2,789 591 456 2,660 11,765 Total Residential Mortgage $ 243,545 $ 17,953 $ 65,993 $ 24,881 $ 32,703 $ 35,176 $ 66,839 Total Residential Mortgage Refreshed FICO score Less than 620 $ 3,288 $ 59 $ 279 $ 252 $ 247 $ 267 $ 2,184 Greater than or equal to 620 and less than 680 5,948 172 1,083 689 672 502 2,830 Greater than or equal to 680 and less than 740 28,591 1,638 7,262 3,426 3,728 3,311 9,226 Greater than or equal to 740 186,893 15,520 54,580 19,923 27,600 28,436 40,834 Fully-insured loans 18,825 564 2,789 591 456 2,660 11,765 Total Residential Mortgage $ 243,545 $ 17,953 $ 65,993 $ 24,881 $ 32,703 $ 35,176 $ 66,839 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) March 31, 2020 Total Home Equity Refreshed LTV Less than or equal to 90 percent $ 38,277 $ 2,169 $ 25,653 $ 10,455 Greater than 90 percent but less than or equal to 100 percent 562 159 159 244 Greater than 100 percent 728 229 150 349 Total Home Equity $ 39,567 $ 2,557 $ 25,962 $ 11,048 Total Home Equity Refreshed FICO score Less than 620 $ 1,283 $ 268 $ 290 $ 725 Greater than or equal to 620 and less than 680 2,214 308 692 1,214 Greater than or equal to 680 and less than 740 7,153 647 3,713 2,793 Greater than or equal to 740 28,917 1,334 21,267 6,316 Total Home Equity $ 39,567 $ 2,557 $ 25,962 $ 11,048 (1) Includes reverse mortgages of $1.4 billion and home equity loans of $1.2 billion which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of March 31, 2020 2020 2019 2018 2017 2016 Prior Total Credit Card as of March 31, 2020 Revolving Loans Revolving Loans Converted to Term Loans (3) Refreshed FICO score Less than 620 $ 1,369 $ 26 $ 231 $ 255 $ 404 $ 288 $ 165 $ 5,017 $ 4,766 $ 251 Greater than or equal to 620 and less than 680 2,663 234 863 512 516 317 221 11,874 11,670 204 Greater than or equal to 680 and less than 740 8,362 946 3,046 1,639 1,308 758 665 34,088 33,919 169 Greater than or equal to 740 37,863 3,971 13,845 8,313 5,756 3,115 2,863 40,911 40,872 39 Other internal credit metrics (1, 2) 39,989 2,821 4,311 4,037 3,182 3,362 22,276 — — — Total credit card and other consumer $ 90,246 $ 7,998 $ 22,296 $ 14,756 $ 11,166 $ 7,840 $ 26,190 $ 91,890 $ 91,227 $ 663 (1) Other internal credit metrics may include delinquency status, geography or other factors. (2) Direct/indirect consumer includes $39.3 billion and $39.6 billion of securities-based lending which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at March 31, 2020 and December 31, 2019 . (3) Represents troubled debt restructurings that were modified into term loans. Commercial – Credit Quality Indicators By Vintage (1, 2) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 346,042 $ 17,797 $ 48,441 $ 24,019 $ 18,227 $ 10,092 $ 24,445 $ 203,021 Reservable criticized 12,462 578 999 872 635 377 978 8,023 Total U.S. Commercial $ 358,504 $ 18,375 $ 49,440 $ 24,891 $ 18,862 $ 10,469 $ 25,423 $ 211,044 Non-U.S. Commercial Risk ratings Pass rated $ 115,233 $ 6,026 $ 18,591 $ 12,245 $ 7,510 $ 1,810 $ 7,269 $ 61,782 Reservable criticized 1,379 46 216 86 98 74 6 853 Total Non-U.S. Commercial $ 116,612 $ 6,072 $ 18,807 $ 12,331 $ 7,608 $ 1,884 $ 7,275 $ 62,635 Commercial Real Estate Risk ratings Pass rated $ 65,133 $ 3,384 $ 17,481 $ 12,594 $ 7,586 $ 4,358 $ 9,309 $ 10,421 Reservable criticized 1,521 1 306 213 467 69 302 163 Total Commercial Real Estate $ 66,654 $ 3,385 $ 17,787 $ 12,807 $ 8,053 $ 4,427 $ 9,611 $ 10,584 Commercial Lease Financing Risk ratings Pass rated $ 18,768 $ 944 $ 4,165 $ 4,138 $ 3,264 $ 2,204 $ 4,053 $ — Reservable criticized 412 54 15 68 37 41 197 — Total Commercial Lease Financing $ 19,180 $ 998 $ 4,180 $ 4,206 $ 3,301 $ 2,245 $ 4,250 $ — U.S. Small Business Commercial (3) Risk ratings Pass rated $ 7,280 $ 359 $ 1,412 $ 1,056 $ 902 $ 655 $ 2,653 $ 243 Reservable criticized 604 1 16 86 121 93 279 8 Total U.S. Small Business Commercial $ 7,884 $ 360 $ 1,428 $ 1,142 $ 1,023 $ 748 $ 2,932 $ 251 Total (1, 2) $ 568,834 $ 29,190 $ 91,642 $ 55,377 $ 38,847 $ 19,773 $ 49,491 $ 284,514 (1) Excludes $8.5 billion and $7.7 billion of loans accounted for under the fair value option at March 31, 2020 and December 31, 2019 . (2) Includes $41 million of loans that converted from revolving to term loans. (3) Excludes U.S. Small Business Card loans of $7.5 billion . Refreshed FICO scores for this portfolio are $319 million for less than 620; $749 million for greater than or equal to 620 and less than 680; $2.2 billion for greater than or equal to 680 and less than 740; and $4.3 billion greater than or equal to 740. As a result of the economic impact of COVID-19, commercial asset quality weakened during the three months ended March 31, 2020 . Commercial reservable criticized utilized exposure increased to $17.4 billion at March 31, 2020 from $11.5 billion (to 2.84 percent from 2.09 percent of total commercial reservable utilized exposure) at December 31, 2019 with increases spread across multiple industries including the energy sector, which was also impacted by the weakness in oil prices and oil price volatility in the quarter. Troubled Debt Restructurings The Corporation began entering into loan modifications with borrowers in response to the COVID-19 pandemic, which have not been classified as TDRs, and therefore are not included in the discussion below. For more information on the criteria for classifying loans as TDRs, see Note 1 – Summary of Significant Accounting Principles . Consumer Real Estate Most modifications of consumer real estate loans meet the definition of a TDR and are classified as TDRs when a binding offer is extended to a borrower. Modifications of consumer real estate loans are done in accordance with government programs or the Corporation’s proprietary programs. Concessions may include reductions in interest rates, capitalization of past due amounts, principal and/or interest forbearance, payment extensions, principal and/or interest forgiveness, or combinations thereof. Prior to permanently modifying a loan, the Corporation may enter into trial modifications with certain borrowers under both government and proprietary programs. Trial modifications generally represent a three- to four-month period during which the borrower makes monthly payments under the anticipated modified payment terms. Upon successful completion of the trial period, the Corporation and the borrower enter into a permanent modification. Binding trial modifications are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification. Consumer real estate loans of $597 million that have been discharged in Chapter 7 bankruptcy with no change in repayment terms and not reaffirmed by the borrower were included in TDRs at March 31, 2020 , of which $99 million were classified as nonperforming and $255 million were loans fully insured by the FHA. Consumer real estate TDRs are measured primarily based on the net present value of the estimated cash flows discounted at the loan’s original effective interest rate. If the carrying value of a TDR exceeds this amount, a specific allowance is recorded as a component of the allowance for loan and lease losses. Alternatively, consumer real estate TDRs that are considered to be dependent solely on the collateral for repayment (e.g., due to the lack of income verification) are measured based on the estimated fair value of the collateral and a charge-off is recorded if the carrying value exceeds the fair value of the collateral. Consumer real estate loans that reach 180 days past due prior to modification are charged off to their net realizable value, less costs to sell, before they are modified as TDRs in accordance with established policy. Subsequent declines in the fair value of the collateral after a loan has reached 180 days past due are recorded as charge-offs. Fully-insured loans are protected against principal loss, and therefore, the Corporation does not record an allowance for loan and lease losses on the outstanding principal balance, even after they have been modified in a TDR. At March 31, 2020 and December 31, 2019 , remaining commitments to lend additional funds to debtors whose terms have been modified in a consumer real estate TDR were not significant. Consumer real estate foreclosed properties totaled $226 million and $229 million at March 31, 2020 and December 31, 2019 . The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at March 31, 2020 was $1.4 billion . During the three months ended March 31, 2020 and 2019 , the Corporation reclassified $138 million and $164 million of consumer real estate loans to foreclosed properties or, for properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans), to other assets. The reclassifications represent non-cash investing activities and, accordingly, are not reflected in the Consolidated Statement of Cash Flows. The table below presents the March 31, 2020 and 2019 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during the three months ended March 31, 2020 and 2019 . The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Consumer Real Estate – TDRs Entered into During The Three Months Ended March 31, 2020 and 2019 (1) Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (2) (Dollars in millions) March 31, 2020 Residential mortgage $ 122 $ 103 4.04 % 3.94 % Home equity 23 20 4.69 4.68 Total $ 145 $ 123 4.15 4.06 March 31, 2019 Residential mortgage $ 135 $ 112 4.19 % 4.27 % Home equity 63 48 5.23 4.86 Total $ 198 $ 160 4.52 4.46 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period. The table below presents the March 31, 2020 and 2019 carrying value for consumer real estate loans that were modified in a TDR during the three months ended March 31, 2020 and 2019 , by type of modification. Consumer Real Estate – Modification Programs (1) TDRs Entered into During the Three Months Ended March 31 (Dollars in millions) 2020 2019 Modifications under government programs $ 1 $ 3 Modifications under proprietary programs 28 26 Loans discharged in Chapter 7 bankruptcy (2) 15 28 Trial modifications 79 103 Total modifications $ 123 $ 160 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The table below presents the carrying value of consumer real estate loans that entered into payment default during the three months ended March 31, 2020 and 2019 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months (1) Three Months Ended March 31 (Dollars in millions) 2020 2019 Modifications under government programs $ 6 $ 7 Modifications under proprietary programs 14 29 Loans discharged in Chapter 7 bankruptcy (2) 7 9 Trial modifications (3) 18 16 Total modifications $ 45 $ 61 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (3) Includes trial modification offers to which the customer did not respond. Credit Card and Other Consumer The Corporation seeks to assist customers that are experiencing financial difficulty by modifying loans while ensuring compliance with federal and local laws and guidelines. Credit card and other consumer loan modifications generally involve reducing the interest rate on the account, placing the customer on a fixed payment plan not exceeding 60 months and canceling the customer’s available line of credit, all of which are considered TDRs. The Corporation makes loan modifications directly with borrowers for debt held only by the Corporation (internal programs). Additionally, the Corporation makes loan modifications for borrowers working with third-party renegotiation agencies that provide solutions to customers’ entire unsecured debt structures (external programs). The Corporation classifies other secured consumer loans that have been discharged in Chapter 7 bankruptcy as TDRs which are written down to collateral value and placed on nonaccrual status no later than the time of discharge. The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the March 31, 2020 and 2019 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during the three months ended March 31, 2020 and 2019 . Credit Card and Other Consumer – TDRs Entered into During the Three Months Ended March 31, 2020 and 2019 (1) Unpaid Principal Balance Carrying Value (2) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) March 31, 2020 Credit card $ 94 $ 101 18.52 % 5.30 % Direct/Indirect consumer 17 9 5.34 5.34 Total $ 111 $ 110 17.40 5.30 March 31, 2019 Credit card $ 98 $ 105 19.86 % 5.21 % Direct/Indirect consumer 18 10 4.96 4.96 Total $ 116 $ 115 18.56 5.19 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes accrued interest and fees. The table below presents the March 31, 2020 and 2019 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three months ended March 31, 2020 and 2019 , by program type. Credit Card and Other Consumer – TDRs by Program Type (1) TDRs Entered into During the Three Months Ended March 31 (Dollars in millions) 2020 2019 Internal programs $ 74 $ 75 External programs 27 30 Other 9 10 Total $ 110 $ 115 (1) Includes accrued interest and fees. For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . Credit card and other consumer loans are deemed to be in payment default during the quarter in which a borrower misses the second of two consecutive payments. Payment defaults are one of the factors considered when projecting future cash flows in the calculation of the allowance for loan and lease losses for credit card and other consumer. Based on historical experience, the Corporation estimates that 14 percent of new credit card TDRs and 20 percent of new direct/indirect consumer TDRs may be in payment default within 12 Commercial Loans Modifications of loans to commercial borrowers that are experiencing financial difficulty are designed to reduce the Corporation’s loss exposure while providing the borrower with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Each modification is unique and reflects the individual circumstances of the borrower. Modifications that result in a TDR may include extensions of maturity at a concessionary (below market) rate of interest, payment forbearances or other actions designed to benefit the borrower while mitigating the Corporation’s risk exposure. Reductions in interest rates are rare. Instead, the interest rates are typically increased, although the increased rate may not represent a market rate of interest. Infrequently, concessions may also include principal forgiveness in connection with foreclosure, short sale or other settlement agreements leading to termination or sale of the loan. At the time of restructuring, the loans are remeasured to reflect the impact, if any, on projected cash flows resulting from the modified terms. If a portion of the loan is deemed to be uncollectible, a charge-off may be recorded at the time of restructuring. Alternatively, a charge-off may have already been recorded in a previous period such that no charge-off is required at the time of modification. For more information on modifications for the U.S. small business commercial portfolio, see Credit Card and Other Consumer in this Note. At March 31, 2020 and December 31, 2019 , remaining commitments to lend additional funds to debtors whose terms have been modified in a commercial loan TDR were $486 million and $445 million . The balance of commercial TDRs in payment default was not significant at March 31, 2020 and December 31, 2019 . Loans Held-for-sale The Corporation had LHFS of $7.9 billion and $9.2 billion at March 31, 2020 and December 31, 2019 . Cash and non-cash proceeds from sales and paydowns of loans originally classified as LHFS were $7.5 billion and $7.9 billion for the three months ended March 31, 2020 and 2019 . Cash used for originations and purchases of LHFS totaled $6.1 billion and $3.6 billion for the three months ended March 31, 2020 and 2019 . Accrued Interest Receivable Accrued interest receivable for loans and leases and loans held-for-sale at March 31, 2020 and December 31, 2019 was $2.5 billion and $2.6 billion and is reported in customer and other receivables on the Consolidated Balance Sheet. Outstanding credit card loan balances include unpaid principa

Securitizations and Other Varia

Securitizations and Other Variable Interest Entities	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitizations and Other Variable Interest Entities	Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs. The tables in this Note present the assets, liabilities and maximum loss exposure of consolidated and unconsolidated VIEs at March 31, 2020 and December 31, 2019 in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE. For more information on the Corporation's use of VIEs and related maximum loss exposure, see Note 1 – Summary of Significant Accounting Principles and Note 7 – Securitizations and Other Variable Interest Entities to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement and enters into certain commercial lending arrangements that may also incorporate the use of VIEs, for example to hold collateral. These securities and loans are included in Note 4 – Securities or Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . The Corporation did not provide financial support to consolidated or unconsolidated VIEs during the three months ended March 31, 2020 or the year ended December 31, 2019 that it was not previously contractually required to provide, nor does it intend to do so. The Corporation had liquidity commitments, including written put options and collateral value guarantees, with certain unconsolidated VIEs of $933 million and $1.1 billion at March 31, 2020 and December 31, 2019 . First-lien Mortgage Securitizations As part of its mortgage banking activities, the Corporation securitizes a portion of the first-lien residential mortgage loans it originates or purchases from third parties. Except as described in Note 10 – Commitments and Contingencies , the Corporation does not provide guarantees or recourse to the securitization trusts other than standard representations and warranties. The table below summarizes select information related to first-lien mortgage securitizations for the three months ended March 31, 2020 and 2019 . First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended March 31 (Dollars in millions) 2020 2019 2020 2019 Proceeds from loan sales (1) $ 1,552 $ 1,096 $ 2,072 $ 987 Gains on securitizations (2) 6 7 41 17 Repurchases from securitization trusts (3) 128 244 — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or Government National Mortgage Association (GNMA) in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $27 million and $8 million , net of hedges, during the three months ended March 31, 2020 and 2019 , are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities. The Corporation recognizes consumer mortgage servicing rights (MSRs) from the sale or securitization of consumer real estate loans. The unpaid principal balance of loans serviced for investors, including residential mortgage and home equity loans, totaled $182.9 billion and $219.5 billion at March 31, 2020 and 2019 . Servicing fee and ancillary fee income on serviced loans was $128 million and $148 million during the three months ended March 31, 2020 and 2019 . Servicing advances on serviced loans, including loans serviced for others and loans held for investment, were $2.1 billion and $2.4 billion at March 31, 2020 and December 31, 2019 . For more information on MSRs, see Note 14 – Fair Value Measurements . During the three months ended March 31, 2019 , the Corporation deconsolidated agency residential mortgage securitization trusts with total assets of $705 million . There were no significant deconsolidations during the three months ended March 31, 2020 . The following table summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage (Dollars in millions) March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 12,228 $ 12,554 $ 317 $ 340 $ 1,381 $ 1,622 $ 86 $ 98 $ 1,102 $ 1,036 On-balance sheet assets Senior securities: Trading account assets $ 641 $ 627 $ 12 $ 5 $ 23 $ 54 $ 26 $ 24 $ 73 $ 65 Debt securities carried at fair value 5,419 6,392 165 193 996 1,178 59 72 — — Held-to-maturity securities 6,168 5,535 — — — — — — 867 809 All other assets — — 7 2 31 49 1 2 50 38 Total retained positions $ 12,228 $ 12,554 $ 184 $ 200 $ 1,050 $ 1,281 $ 86 $ 98 $ 990 $ 912 Principal balance outstanding (2) $ 153,421 $ 160,226 $ 7,400 $ 7,268 $ 7,687 $ 8,594 $ 18,997 $ 19,878 $ 60,748 $ 60,129 Consolidated VIEs Maximum loss exposure (1) $ 10,852 $ 10,857 $ — $ 5 $ 45 $ 44 $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,210 $ 780 $ 100 $ 116 $ 216 $ 149 $ — $ — $ — $ — Loans and leases, net 9,478 9,917 — — — — — — — — All other assets 164 161 — — — — — — — — Total assets $ 10,852 $ 10,858 $ 100 $ 116 $ 216 $ 149 $ — $ — $ — $ — Total liabilities $ 2 $ 4 $ 100 $ 111 $ 171 $ 105 $ — $ — $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 10 – Commitments and Contingencies and Note 14 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans. Other Asset-backed Securitizations The following table summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2, 3) Resecuritization Trusts Municipal Bond Trusts (Dollars in millions) March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 Unconsolidated VIEs Maximum loss exposure $ 386 $ 412 $ — $ — $ 6,409 $ 7,526 $ 3,412 $ 3,701 On-balance sheet assets Senior securities (4) : Trading account assets $ — $ — $ — $ — $ 1,262 $ 2,188 $ 213 $ — Debt securities carried at fair value 10 11 — — 1,097 1,126 — — Held-to-maturity securities — — — — 4,050 4,212 — — Total retained positions $ 10 $ 11 $ — $ — $ 6,409 $ 7,526 $ 213 $ — Total assets of VIEs (5) $ 961 $ 1,023 $ — $ — $ 15,082 $ 21,234 $ 3,960 $ 4,395 Consolidated VIEs Maximum loss exposure $ 73 $ 64 $ 17,392 $ 17,915 $ 196 $ 54 $ 1,966 $ 2,656 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 214 $ 73 $ 1,790 $ 2,480 Loans and leases 111 122 25,156 26,985 — — — — Allowance for loan and lease losses 17 (2 ) (1,483 ) (800 ) — — — — All other assets 4 3 103 119 — — 176 176 Total assets $ 132 $ 123 $ 23,776 $ 26,304 $ 214 $ 73 $ 1,966 $ 2,656 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ 1,147 $ 2,175 Long-term debt 59 64 6,371 8,372 18 19 — — All other liabilities — — 13 17 — — — — Total liabilities $ 59 $ 64 $ 6,384 $ 8,389 $ 18 $ 19 $ 1,147 $ 2,175 (1) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 10 – Commitments and Contingencies . (2) At March 31, 2020 and December 31, 2019 , loans and leases in the consolidated credit card trust included $11.0 billion and $10.5 billion of seller’s interest. (3) At March 31, 2020 and December 31, 2019 , all other assets in the consolidated credit card trust included unbilled accrued interest and fees. (4) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). (5) Total assets of VIEs includes loans the Corporation transferred with which it has continuing involvement, which may include servicing the loan. Home Equity Loans The Corporation retains interests, primarily senior securities, in home equity securitization trusts to which it transferred home equity loans. In addition, the Corporation may be obligated to provide subordinate funding to the trusts during a rapid amortization event. This obligation is included in the maximum loss exposure in the table above. The charges that will ultimately be recorded as a result of the rapid amortization events depend on the undrawn portion of the HELOCs, performance of the loans, the amount of subsequent draws and the timing of related cash flows. Credit Card Securitizations The Corporation securitizes originated and purchased credit card loans. The Corporation’s continuing involvement with the securitization trust includes servicing the receivables, retaining an undivided interest (seller’s interest) in the receivables, and holding certain retained interests including subordinate interests in accrued interest and fees on the securitized receivables. No new senior debt securities were issued to third-party investors from the credit card securitization trust during the three months ended March 31, 2020 and 2019 . At March 31, 2020 and December 31, 2019 , the Corporation held subordinate securities issued by the credit card securitization trust with a notional principal amount of $7.0 billion and $7.4 billion . These securities serve as a form of credit enhancement to the senior debt securities and have a stated interest rate of zero percent . No subordinate securities were issued by the credit card securitization trust during the three months ended March 31, 2020 and 2019 . Resecuritization Trusts The Corporation transfers securities, typically MBS, into resecuritization VIEs at the request of customers seeking securities with specific characteristics. Generally, there are no significant ongoing activities performed in a resecuritization trust, and no single investor has the unilateral ability to liquidate the trust. The Corporation resecuritized $7.4 billion and $4.4 billion of securities during the three months ended March 31, 2020 and 2019 . Securities transferred into resecuritization VIEs were measured at fair value with changes in fair value recorded in market making and similar activities prior to the resecuritization and, accordingly, no gain or loss on sale was recorded. During the three months ended March 31, 2020 and 2019 , resecuritization proceeds included securities with an initial fair value of $526 million and $1.3 billion . Substantially all of the other securities received as resecuritization proceeds were classified as trading securities and were categorized as Level 2 within the fair value hierarchy. Municipal Bond Trusts The Corporation administers municipal bond trusts that hold highly-rated, long-term, fixed-rate municipal bonds. The trusts obtain financing by issuing floating-rate trust certificates that reprice on a weekly or other short-term basis to third-party investors. The Corporation’s liquidity commitments to unconsolidated municipal bond trusts, including those for which the Corporation was transferor, totaled $3.2 billion and $3.7 billion at March 31, 2020 and December 31, 2019 . The weighted-average remaining life of bonds held in the trusts at March 31, 2020 was 7.5 years . There were no significant write-downs or downgrades of assets or issuers during the three months ended March 31, 2020 and 2019 . Other Variable Interest Entities The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) March 31, 2020 December 31, 2019 Maximum loss exposure $ 4,131 $ 25,448 $ 29,579 $ 4,055 $ 26,326 $ 30,381 On-balance sheet assets Trading account assets $ 1,875 $ 577 $ 2,452 $ 2,213 $ 549 $ 2,762 Debt securities carried at fair value — 71 71 — 74 74 Loans and leases 2,261 3,031 5,292 1,810 3,214 5,024 Allowance for loan and lease losses (3 ) (66 ) (69 ) (2 ) (38 ) (40 ) All other assets 89 20,416 20,505 81 20,547 20,628 Total $ 4,222 $ 24,029 $ 28,251 $ 4,102 $ 24,346 $ 28,448 On-balance sheet liabilities Long-term debt $ 68 $ — $ 68 $ 46 $ — $ 46 All other liabilities 24 4,931 4,955 2 5,087 5,089 Total $ 92 $ 4,931 $ 5,023 $ 48 $ 5,087 $ 5,135 Total assets of VIEs $ 4,222 $ 99,229 $ 103,451 $ 4,102 $ 98,491 $ 102,593 Customer VIEs Customer VIEs include credit-linked, equity-linked and commodity-linked note VIEs, repackaging VIEs and asset acquisition VIEs, which are typically created on behalf of customers who wish to obtain market or credit exposure to a specific company, index, commodity or financial instrument. The Corporation’s maximum loss exposure to consolidated and unconsolidated customer VIEs totaled $1.9 billion and $2.2 billion at March 31, 2020 and December 31, 2019 , including the notional amount of derivatives to which the Corporation is a counterparty, net of losses previously recorded, and the Corporation’s investment, if any, in securities issued by the VIEs. Collateralized Debt Obligation VIEs The Corporation receives fees for structuring CDO VIEs, which hold diversified pools of fixed-income securities, typically corporate debt or ABS, which the CDO VIEs fund by issuing multiple tranches of debt and equity securities. CDOs are generally managed by third-party portfolio managers. The Corporation typically transfers assets to these CDOs, holds securities issued by the CDOs and may be a derivative counterparty to the CDOs. The Corporation’s maximum loss exposure to consolidated and unconsolidated CDOs totaled $209 million and $304 million at March 31, 2020 and December 31, 2019 . Investment VIEs The Corporation sponsors, invests in or provides financing, which may be in connection with the sale of assets, to a variety of investment VIEs that hold loans, real estate, debt securities or other financial instruments and are designed to provide the desired investment profile to investors or the Corporation. At March 31, 2020 and December 31, 2019 , the Corporation’s consolidated investment VIEs had total assets of $595 million and $104 million . The Corporation also held investments in unconsolidated VIEs with total assets of $35.0 billion and $32.4 billion at March 31, 2020 and December 31, 2019 . The Corporation’s maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $6.6 billion and $6.4 billion at March 31, 2020 and December 31, 2019 comprised primarily of on-balance sheet assets less non-recourse liabilities. Leveraged Lease Trusts The Corporation’s net investment in consolidated leveraged lease trusts totaled $1.7 billion at both March 31, 2020 and December 31, 2019 . The trusts hold long-lived equipment such as rail cars, power generation and distribution equipment, and commercial aircraft. The Corporation structures the trusts and holds a significant residual interest. The net investment represents the Corporation’s maximum loss exposure to the trusts in the unlikely event that the leveraged lease investments become worthless. Debt issued by the leveraged lease trusts is non-recourse to the Corporation. Tax Credit VIEs The Corporation holds investments in unconsolidated limited partnerships and similar entities that construct, own and operate affordable housing, wind and solar projects. An unrelated third party is typically the general partner or managing member and has control over the significant activities of the VIE. The Corporation earns a return primarily through the receipt of tax credits allocated to the projects. The maximum loss exposure included in the Other VIEs table was $19.0 billion and $18.9 billion at March 31, 2020 and December 31, 2019 . The Corporation’s risk of loss is generally mitigated by policies requiring that the project qualify for the expected tax credits prior to making its investment. The Corporation’s investments in affordable housing partnerships, which are reported in other assets on the Consolidated Balance Sheet, totaled $10.0 billion , including unfunded commitments to provide capital contributions of $4.3 billion at both March 31, 2020 and December 31, 2019 . The unfunded commitments are expected to be paid over the next five years . During the three months ended March 31, 2020 and 2019 , the Corporation recognized tax credits and other tax benefits from investments in affordable housing partnerships of $268 million and $280 million and reported pretax losses in other income of $272 million and $248 million . Tax credits are recognized as part of the Corporation’s annual effective tax rate used to determine tax expense in a given quarter. Accordingly, the portion of a year’s expected tax benefits recognized in any given quarter may differ from 25 percent . The Corporation may from time to time be asked to invest additional amounts to support a troubled affordable housing project. Such additional investments have not been and are not expected to be significant.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The table below presents goodwill balances by business segment and All Other at March 31, 2020 and December 31, 2019 . The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For more information, see Note 7 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Goodwill (Dollars in millions) March 31 December 31 Consumer Banking $ 30,123 $ 30,123 Global Wealth & Investment Management 9,677 9,677 Global Banking 23,923 23,923 Global Markets 5,182 5,182 All Other 46 46 Total goodwill $ 68,951 $ 68,951 Intangible Assets At March 31, 2020 and December 31, 2019 , the net carrying value of intangible assets was $1.6 billion and $1.7 billion . At March 31, 2020 and December 31, 2019 , intangible assets included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, are not being amortized. Amortization of intangibles expense was $16 million and $26 million for the three months ended March 31, 2020 and 2019 .

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 9 – Leases to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. At March 31, 2020 and December 31, 2019 , the total net investment in sales-type and direct financing leases was $21.3 billion and $21.9 billion , comprised of $18.8 billion and $19.3 billion in lease receivables and $2.5 billion and $2.6 billion in unguaranteed residuals. In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.2 billion and $5.8 billion at March 31, 2020 and December 31, 2019 . For the three months ended March 31, 2020 and 2019 , total lease income was $440 million and $426 million , consisting of $197 million and $205 million from sales-type and direct financing leases and $243 million and $221 million from operating leases. Lessee Arrangements The Corporation’s lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation’s financing leases are not significant. Right-of-use assets were $10.1 billion and $9.7 billion and lease liabilities were $10.4 billion and $10.1 billion at March 31, 2020 and December 31, 2019 .
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 9 – Leases to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. At March 31, 2020 and December 31, 2019 , the total net investment in sales-type and direct financing leases was $21.3 billion and $21.9 billion , comprised of $18.8 billion and $19.3 billion in lease receivables and $2.5 billion and $2.6 billion in unguaranteed residuals. In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.2 billion and $5.8 billion at March 31, 2020 and December 31, 2019 . For the three months ended March 31, 2020 and 2019 , total lease income was $440 million and $426 million , consisting of $197 million and $205 million from sales-type and direct financing leases and $243 million and $221 million from operating leases. Lessee Arrangements The Corporation’s lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation’s financing leases are not significant. Right-of-use assets were $10.1 billion and $9.7 billion and lease liabilities were $10.4 billion and $10.1 billion at March 31, 2020 and December 31, 2019 .
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 9 – Leases to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. At March 31, 2020 and December 31, 2019 , the total net investment in sales-type and direct financing leases was $21.3 billion and $21.9 billion , comprised of $18.8 billion and $19.3 billion in lease receivables and $2.5 billion and $2.6 billion in unguaranteed residuals. In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.2 billion and $5.8 billion at March 31, 2020 and December 31, 2019 . For the three months ended March 31, 2020 and 2019 , total lease income was $440 million and $426 million , consisting of $197 million and $205 million from sales-type and direct financing leases and $243 million and $221 million from operating leases. Lessee Arrangements The Corporation’s lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation’s financing leases are not significant. Right-of-use assets were $10.1 billion and $9.7 billion and lease liabilities were $10.4 billion and $10.1 billion at March 31, 2020 and December 31, 2019 .
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 9 – Leases to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. At March 31, 2020 and December 31, 2019 , the total net investment in sales-type and direct financing leases was $21.3 billion and $21.9 billion , comprised of $18.8 billion and $19.3 billion in lease receivables and $2.5 billion and $2.6 billion in unguaranteed residuals. In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.2 billion and $5.8 billion at March 31, 2020 and December 31, 2019 . For the three months ended March 31, 2020 and 2019 , total lease income was $440 million and $426 million , consisting of $197 million and $205 million from sales-type and direct financing leases and $243 million and $221 million from operating leases. Lessee Arrangements The Corporation’s lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation’s financing leases are not significant. Right-of-use assets were $10.1 billion and $9.7 billion and lease liabilities were $10.4 billion and $10.1 billion at March 31, 2020 and December 31, 2019 .

Federal Funds Sold or Purchased

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash	3 Months Ended
	Mar. 31, 2020
Federal Funds Sold, Securities Borrowed or Purchased Under Agreements to Resell and Short-term Borrowings [Abstract]
Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash	Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash The table below presents federal funds sold or purchased, securities financing agreements (which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase) and short-term borrowings. The Corporation elects to account for certain securities financing agreements and short-term borrowings under the fair value option. For more information on the fair value option, see Note 15 – Fair Value Option . Amount Rate Amount Rate Three Months Ended March 31 (Dollars in millions) 2020 2019 Federal funds sold and securities borrowed or purchased under agreements to resell Average during period $ 278,794 1.18 % $ 274,308 1.77 % Maximum month-end balance during period 301,969 n/a 280,562 n/a Federal funds purchased and securities loaned or sold under agreements to repurchase Average during period $ 199,539 1.60 % $ 200,154 2.44 % Maximum month-end balance during period 206,493 n/a 200,486 n/a Short-term borrowings Average during period 26,430 1.62 15,432 2.95 Maximum month-end balance during period 30,118 n/a 14,848 n/a n/a = not applicable Offsetting of Securities Financing Agreements The Corporation enters into securities financing agreements to accommodate customers (also referred to as “matched-book transactions”), obtain securities to cover short positions and finance inventory positions. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 11 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at March 31, 2020 and December 31, 2019 . Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives . Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) March 31, 2020 Securities borrowed or purchased under agreements to resell (3) $ 461,366 $ (159,397 ) $ 301,969 $ (266,713 ) $ 35,256 Securities loaned or sold under agreements to repurchase $ 329,440 $ (159,397 ) $ 170,043 $ (147,064 ) $ 22,979 Other (4) 6,618 — 6,618 (6,618 ) — Total $ 336,058 $ (159,397 ) $ 176,661 $ (153,682 ) $ 22,979 December 31, 2019 Securities borrowed or purchased under agreements to resell (3) $ 434,257 $ (159,660 ) $ 274,597 $ (244,486 ) $ 30,111 Securities loaned or sold under agreements to repurchase $ 324,769 $ (159,660 ) $ 165,109 $ (141,482 ) $ 23,627 Other (4) 15,346 — 15,346 (15,346 ) — Total $ 340,115 $ (159,660 ) $ 180,455 $ (156,828 ) $ 23,627 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $13.1 billion and $12.9 billion reported in loans and leases on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 . (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities. Repurchase Agreements and Securities Loaned Transactions Accounted for as Secured Borrowings The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. For more information on collateral requirements, see Note 11 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) March 31, 2020 Securities sold under agreements to repurchase $ 142,680 $ 104,485 $ 29,017 $ 33,127 $ 309,309 Securities loaned 16,658 523 779 2,171 20,131 Other 6,618 — — — 6,618 Total $ 165,956 $ 105,008 $ 29,796 $ 35,298 $ 336,058 December 31, 2019 Securities sold under agreements to repurchase $ 129,455 $ 122,685 $ 25,322 $ 21,922 $ 299,384 Securities loaned 18,766 3,329 1,241 2,049 25,385 Other 15,346 — — — 15,346 Total $ 163,567 $ 126,014 $ 26,563 $ 23,971 $ 340,115 (1) No agreements have maturities greater than three years . Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Loaned Other Total (Dollars in millions) March 31, 2020 U.S. government and agency securities $ 174,900 $ — $ — $ 174,900 Corporate securities, trading loans and other 10,801 2,394 241 13,436 Equity securities 11,252 15,872 6,324 33,448 Non-U.S. sovereign debt 107,565 1,865 53 109,483 Mortgage trading loans and ABS 4,791 — — 4,791 Total $ 309,309 $ 20,131 $ 6,618 $ 336,058 December 31, 2019 U.S. government and agency securities $ 173,533 $ 1 $ — $ 173,534 Corporate securities, trading loans and other 10,467 2,014 258 12,739 Equity securities 14,933 20,026 15,024 49,983 Non-U.S. sovereign debt 96,576 3,344 64 99,984 Mortgage trading loans and ABS 3,875 — — 3,875 Total $ 299,384 $ 25,385 $ 15,346 $ 340,115 Restricted Cash At March 31, 2020 and December 31, 2019 , the Corporation held restricted cash included within cash and cash equivalents on the Consolidated Balance Sheet of $7.4 billion and $24.4 billion , predominantly related to cash held on deposit with the Federal Reserve Bank and non-U.S. central banks to meet reserve requirements and cash segregated in compliance with securities regulations.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Corporation enters into a number of off-balance sheet commitments. These commitments expose the Corporation to varying degrees of credit and market risk and are subject to the same credit and market risk limitation reviews as those instruments recorded on the Consolidated Balance Sheet. For more information on commitments and contingencies, see Note 13 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Credit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, SBLCs and commercial letters of credit to meet the financing needs of its customers. The following table includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (i.e., syndicated or participated) to other financial institutions. The distributed amounts were $10.5 billion and $10.6 billion at March 31, 2020 and December 31, 2019 . At March 31, 2020 , the carrying value of these commitments, excluding commitments accounted for under the fair value option, was $1.4 billion , including deferred revenue of $18 million and a reserve for unfunded lending commitments of $1.4 billion . At December 31, 2019 , the comparable amounts were $829 million , $16 million and $813 million , respectively. The carrying value of these commitments is classified in accrued expenses and other liabilities on the Consolidated Balance Sheet. Legally binding commitments to extend credit generally have specified rates and maturities. Certain of these commitments have adverse change clauses that help to protect the Corporation against deterioration in the borrower’s ability to pay. The table below includes the notional amount of commitments of $3.8 billion and $4.4 billion at March 31, 2020 and December 31, 2019 that are accounted for under the fair value option. However, the table excludes cumulative net fair value of $207 million and $90 million at March 31, 2020 and December 31, 2019 on these commitments, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option . Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Five Years Expire After Five Years Total (Dollars in millions) March 31, 2020 Notional amount of credit extension commitments Loan commitments (1) $ 91,682 $ 126,412 $ 142,815 $ 17,232 $ 378,141 Home equity lines of credit 948 2,085 7,109 33,530 43,672 Standby letters of credit and financial guarantees (2) 23,695 9,201 3,346 375 36,617 Letters of credit (3) 978 147 58 53 1,236 Legally binding commitments 117,303 137,845 153,328 51,190 459,666 Credit card lines (4) 385,893 — — — 385,893 Total credit extension commitments $ 503,196 $ 137,845 $ 153,328 $ 51,190 $ 845,559 December 31, 2019 Notional amount of credit extension commitments Loan commitments (1) $ 97,454 $ 148,000 $ 173,699 $ 24,487 $ 443,640 Home equity lines of credit 1,137 1,948 6,351 34,134 43,570 Standby letters of credit and financial guarantees (2) 21,311 11,512 3,712 408 36,943 Letters of credit (3) 1,156 254 65 25 1,500 Legally binding commitments 121,058 161,714 183,827 59,054 525,653 Credit card lines (4) 376,067 — — — 376,067 Total credit extension commitments $ 497,125 $ 161,714 $ 183,827 $ 59,054 $ 901,720 (1) At March 31, 2020 and December 31, 2019 , $4.4 billion and $5.1 billion of these loan commitments are held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $27.2 billion and $9 billion at March 31, 2020 , and $27.9 billion and $8.6 billion at December 31, 2019 . Amounts in the table include consumer SBLCs of $439 million and $413 million at March 31, 2020 and December 31, 2019 . (3) At March 31, 2020 and December 31, 2019 , included are letters of credit of $1.7 billion and $1.4 billion related to certain liquidity commitments of VIEs. For more information, see Note 6 – Securitizations and Other Variable Interest Entities . (4) Includes business card unused lines of credit. Other Commitments At March 31, 2020 and December 31, 2019 , the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $141 million and $86 million , which upon settlement will be included in loans or LHFS, and commitments to purchase commercial loans of $1.1 billion in both periods, which upon settlement will be included in trading account assets. At March 31, 2020 and December 31, 2019 , the Corporation had commitments to purchase commodities, primarily liquefied natural gas, of $488 million and $830 million , which upon settlement will be included in trading account assets. At March 31, 2020 and December 31, 2019 , the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $81.6 billion and $97.2 billion , and commitments to enter into forward-dated repurchase and securities lending agreements of $33.3 billion and $24.9 billion . These commitments expire primarily within the next 12 months . At March 31, 2020 and December 31, 2019 , the Corporation had a commitment to originate or purchase up to $3.4 billion and $3.3 billion on a rolling 12-month basis, of auto loans and leases from a strategic partner. This commitment extends through November 2022 and can be terminated with 12 months prior notice. Other Guarantees Bank-owned Life Insurance Book Value Protection The Corporation sells products that offer book value protection to insurance carriers who offer group life insurance policies to corporations, primarily banks. At both March 31, 2020 and December 31, 2019 , the notional amount of these guarantees totaled $7.3 billion . At both March 31, 2020 and December 31, 2019 , the Corporation’s maximum exposure related to these guarantees totaled $1.1 billion , with estimated maturity dates between 2033 and 2039. Merchant Services In accordance with credit and debit card association rules, the Corporation sponsors merchant processing servicers that process credit and debit card transactions on behalf of various merchants. If a merchant processor fails to meet its obligation regarding disputed transactions, then the Corporation could be held liable. For the three months ended March 31, 2020 and 2019 , the sponsored entities processed $203.7 billion and $205.6 billion of transactions and recorded losses of $7 million and $4 million . At March 31, 2020 and December 31, 2019 , the maximum potential exposure for sponsored transactions totaled $365.7 billion and $384.2 billion . However, the Corporation believes that the maximum potential exposure is not representative of the actual potential loss exposure. A significant portion of the Corporation's merchant processing activity is performed by a joint venture, formed in 2009, in which the Corporation holds a 49 percent ownership interest. The carrying value of the Corporation’s investment was $ 649 million and $ 640 million at March 31, 2020 and December 31, 2019 . The joint venture is accounted for as an equity method investment and reported in All Other . On July 29, 2019, the Corporation gave notice to the joint venture partner of the termination of the joint venture upon the conclusion of its current term in June 2020. As a result, the Corporation incurred a non-cash, pretax impairment charge in 2019 of $2.1 billion , included in other general operating expense. Representations and Warranties Obligations and Corporate Guarantees For more information on representations and warranties obligations and corporate guarantees, see Note 13 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The reserve for representations and warranties obligations and corporate guarantees was $1.4 billion and $1.8 billion at March 31, 2020 and December 31, 2019 and is included in accrued expenses and other liabilities on the Consolidated Balance Sheet and the related provision is included in other income in the Consolidated Statement of Income. The representations and warranties reserve represents the Corporation’s best estimate of probable incurred losses, is based on our experience in previous negotiations, and is subject to judgment, a variety of assumptions, and known or unknown uncertainties. Future representations and warranties losses may occur in excess of the amounts recorded for these exposures; however, the Corporation does not expect such amounts to be material to the Corporation's financial condition and liquidity. See Litigation and Regulatory Matters below for the Corporation's combined range of possible loss in excess of the reserve for representations and warranties and the accrued liability for litigation. Fixed Income Clearing Corporation Sponsored Member Repo Program The Corporation acts as a sponsoring member in a repo program whereby the Corporation clears certain eligible resale and repurchase agreements through the Government Securities Division of the Fixed Income Clearing Corporation on behalf of clients that are sponsored members in accordance with the Fixed Income Clearing Corporation’s rules. As part of this program, the Corporation guarantees the payment and performance of its sponsored members to the Fixed Income Clearing Corporation. The Corporation’s guarantee obligation is secured by a security interest in cash or high-quality securities collateral placed by clients with the clearinghouse and therefore, the potential for the Corporation to incur significant losses under this arrangement is remote. The Corporation’s maximum potential exposure, without taking into consideration the related collateral, was $5.4 billion and $9.3 billion at March 31, 2020 and December 31, 2019 . Other Guarantees The Corporation has entered into additional guarantee agreements and commitments, including sold risk participation swaps, liquidity facilities, lease-end obligation agreements, partial credit guarantees on certain leases, real estate joint venture guarantees, divested business commitments and sold put options that require gross settlement. The maximum potential future payments under these agreements are approximately $8.8 billion and $8.7 billion at March 31, 2020 and December 31, 2019 . The estimated maturity dates of these obligations extend up to 2048. The Corporation has made no material payments under these guarantees. For more information on maximum potential future payments under VIE-related liquidity commitments, see Note 6 – Securitizations and Other Variable Interest Entities . In the normal course of business, the Corporation periodically guarantees the obligations of its affiliates in a variety of transactions including ISDA-related transactions and non-ISDA related transactions such as commodities trading, repurchase agreements, prime brokerage agreements and other transactions. Guarantees of Certain Long-term Debt The Corporation, as the parent company, fully and unconditionally guarantees the securities issued by BofA Finance LLC, a 100 percent owned finance subsidiary of the Corporation, and effectively provides for the full and unconditional guarantee of trust securities issued by certain statutory trust companies that are 100 percent owned finance subsidiaries of the Corporation. Litigation and Regulatory Matters The following disclosure supplements the disclosure in Note 13 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K (the prior commitments and contingencies disclosure). In the ordinary course of business, the Corporation and its subsidiaries are routinely defendants in or parties to many pending and threatened legal, regulatory and governmental actions and proceedings. In view of the inherent difficulty of predicting the outcome of such matters, particularly where the claimants seek very large or indeterminate damages or where the matters present novel legal theories or involve a large number of parties, the Corporation generally cannot predict the eventual outcome of the pending matters, the timing of the ultimate resolution of these matters, or any eventual loss, fines or penalties related to each pending matter. In accordance with applicable accounting guidance, the Corporation establishes an accrued liability when those matters present loss contingencies that are both probable and estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. As a matter develops, the Corporation, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and estimable. Once the loss contingency is deemed to be both probable and estimable, the Corporation will establish an accrued liability and record a corresponding amount of litigation-related expense. The Corporation continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. Excluding expenses of internal and external legal service providers, litigation-related expense of $24 million and $73 million was recognized for the three months ended March 31, 2020 and 2019 . For a limited number of the matters disclosed in this Note, and in the prior commitments and contingencies disclosure, for which a loss, whether in excess of a related accrued liability or where there is no accrued liability, is reasonably possible in future periods, the Corporation is able to estimate a range of possible loss. In determining whether it is possible to estimate a range of possible loss, the Corporation reviews and evaluates these matters on an ongoing basis, in conjunction with any outside counsel handling the matter, in light of potentially relevant factual and legal developments. With respect to such matters, in cases in which the Corporation possesses sufficient appropriate information to estimate a range of possible loss, that estimate is aggregated and disclosed below. There may be other disclosed matters for which a loss is probable or reasonably possible but such an estimate of the range of possible loss may not be possible. For those disclosed matters where an estimate of the range of possible loss is possible, as well as for representations and warranties exposures, management currently estimates the aggregate range of reasonably possible loss for these exposures is $0 to $1.6 billion in excess of the accrued liability, if any. The estimated range of possible loss, as well as the Corporation's accrued liability, is based upon currently available information and is subject to significant judgment, a variety of assumptions and known and unknown uncertainties. The matters underlying the estimated range of possible loss and liability accrual are unpredictable and will change from time to time, and actual losses may vary significantly from the current estimate or accrual. Therefore, this estimated range of possible loss represents what the Corporation believes to be an estimate of possible loss only for certain matters meeting these criteria. It does not represent the Corporation’s maximum loss exposure. Information is provided below, or in the prior commitments and contingencies disclosure regarding the nature of the litigation and, where specified, associated claimed damages. Based on current knowledge, and taking into account accrued liabilities, management does not believe that loss contingencies arising from pending matters, including the matter described below, and in the prior commitments and contingencies disclosure, will have a material adverse effect on the consolidated financial condition or liquidity of the Corporation. However, in light of the significant judgment, variety of assumptions and uncertainties involved in these matters, some of which are beyond the Corporation’s control, and the very large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to the Corporation’s business or results of operations for any particular reporting period, or cause significant reputational harm. Mortgage Appraisal Litigation

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share April 22, 2020 June 5, 2020 June 26, 2020 $ 0.18 January 29, 2020 March 6, 2020 March 27, 2020 0.18 (1) In 2020 , and through May 1, 2020 . During the three months ended March 31, 2020 , the Corporation repurchased 200 million shares of common stock in connection with the Board's 2019 repurchase authorizations, which reduced shareholders’ equity by $6.4 billion . During the three months ended March 31, 2020 , in connection with employee stock plans, the Corporation issued 63 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 24 million shares of its common stock. At March 31, 2020 , the Corporation had reserved 517 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock. Preferred Stock During the three months ended March 31, 2020 , the Corporation declared $469 million of cash dividends on preferred stock. On January 24, 2020, the Corporation issued 44,000 shares of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM for $1.1 billion . Dividends are paid semi-annually during the fixed-rate period commencing on July 28, 2020, then quarterly during the floating-rate period commencing April 28, 2025. The Series MM preferred stock has a liquidation preference of $25,000 per share and is subject to certain restrictions in the event the Corporation fails to declare and pay full dividends. During the three months ended March 31, 2020, the Corporation fully redeemed Series Y preferred stock for $1.1 billion . For more information on the Corporation's preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 14 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Restricted Stock Units During the three months ended March 31, 2020 , the Corporation granted 86 million restricted stock unit (RSU) awards to certain employees under the Bank of America Corporation Key Employee Equity Plan. These RSUs were authorized to settle predominantly in shares of common stock of the Corporation. Certain RSUs will be settled in cash or contain settlement provisions that subject these awards to variable accounting whereby compensation expense is adjusted to fair value based on changes in the share price of the Corporation’s common stock up to the settlement date. Of the RSUs granted during the three months ended March 31, 2020 , 61 million will vest predominantly over three years with most vesting occurring in one-third increments on each of the first three anniversaries of the grant date provided that the employee remains continuously employed with the Corporation during that time, and will be expensed ratably over the vesting period, net of estimated forfeitures, for non-retirement eligible employees based on the grant-date fair value of the shares. For RSUs granted to employees who are retirement eligible, the awards are deemed authorized as of the beginning of the year preceding the grant date when the incentive award plans are generally approved. As a result, the estimated value is expensed ratably over the year preceding the grant date. Additionally, 25 million of the RSUs will vest predominantly over four years with most vesting occurring in one-fourth increments on each of the first four anniversaries of the grant date provided that the employee remains continuously employed with the Corporation during that time, and will be expensed ratably over the vesting period, net of estimated forfeitures, based on the grant-date fair value of the shares. For more information, see Note 19 – Stock-based Compensation Plans to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The calculation of earnings per common share (EPS) and diluted EPS for the three months ended March 31, 2020 and 2019 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Three Months Ended March 31 (In millions, except per share information) 2020 2019 Earnings per common share Net income $ 4,010 $ 7,311 Preferred stock dividends (469 ) (442 ) Net income applicable to common shareholders $ 3,541 $ 6,869 Average common shares issued and outstanding 8,815.6 9,725.9 Earnings per common share $ 0.40 $ 0.71 Diluted earnings per common share Net income applicable to common shareholders $ 3,541 $ 6,869 Average common shares issued and outstanding 8,815.6 9,725.9 Dilutive potential common shares (1) 47.1 61.4 Total diluted average common shares issued and outstanding 8,862.7 9,787.3 Diluted earnings per common share $ 0.40 $ 0.70 (1) Includes incremental dilutive shares from RSUs, restricted stock and warrants. For both the three months ended March 31, 2020 and 2019 , 62 million average dilutive potential common shares associated with the Series L preferred stock were not included in the diluted share count because the result would have been antidilutive under the “if-converted” method. For the three months ended March 31, 2019 , average warrants to purchase 14 million shares of common stock, were included in the diluted EPS calculation under the treasury stock method. Substantially all of these warrants were exercised on or before their expiration date of January 16, 2019.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2020 and 2019 . (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2018 $ (5,552 ) $ (531 ) $ (1,016 ) $ (4,304 ) $ (808 ) $ (12,211 ) Net change 2,309 (363 ) 229 28 (34 ) 2,169 Balance, March 31, 2019 $ (3,243 ) $ (894 ) $ (787 ) $ (4,276 ) $ (842 ) $ (10,042 ) Balance, December 31, 2019 $ 323 $ (1,494 ) $ (400 ) $ (4,168 ) $ (894 ) $ (6,633 ) Net change 4,795 1,346 417 43 (88 ) 6,513 Balance, March 31, 2020 $ 5,118 $ (148 ) $ 17 $ (4,125 ) $ (982 ) $ (120 ) The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the three months ended March 31, 2020 and 2019 . Pretax Tax effect After- tax Pretax Tax effect After- tax Three Months Ended March 31 (Dollars in millions) 2020 2019 Debt securities: Net increase in fair value $ 6,701 $ (1,670 ) $ 5,031 $ 3,075 $ (763 ) $ 2,312 Net realized (gains) reclassified into earnings (1) (315 ) 79 (236 ) (4 ) 1 (3 ) Net change 6,386 (1,591 ) 4,795 3,071 (762 ) 2,309 Debit valuation adjustments: Net increase (decrease) in fair value 1,751 (408 ) 1,343 (475 ) 110 (365 ) Net realized losses reclassified into earnings (1) 4 (1 ) 3 3 (1 ) 2 Net change 1,755 (409 ) 1,346 (472 ) 109 (363 ) Derivatives: Net increase in fair value 520 (125 ) 395 264 (52 ) 212 Reclassifications into earnings: Net interest income 29 (7 ) 22 23 (6 ) 17 Net realized losses reclassified into earnings 29 (7 ) 22 23 (6 ) 17 Net change 549 (132 ) 417 287 (58 ) 229 Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 57 (14 ) 43 35 (7 ) 28 Net change 57 (14 ) 43 35 (7 ) 28 Foreign currency: Net (decrease) in fair value 228 (316 ) (88 ) 5 (39 ) (34 ) Net change 228 (316 ) (88 ) 5 (39 ) (34 ) Total other comprehensive income (loss) $ 8,975 $ (2,462 ) $ 6,513 $ 2,926 $ (757 ) $ 2,169 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting standards, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Corporation determines the fair values of its financial instruments under applicable accounting standards and conducts a review of its fair value hierarchy classifications on a quarterly basis. Transfers into or out of fair value hierarchy classifications are made if the significant inputs used in the financial models measuring the fair values of the assets and liabilities become unobservable or observable in the current marketplace. During the three months ended March 31, 2020 , there were no changes to valuation approaches or techniques that had, or are expected to have, a material impact on the Corporation’s consolidated financial position or results of operations. For more information regarding the fair value hierarchy, how the Corporation measures fair value and valuation techniques, see Note 1 – Summary of Significant Accounting Principles and Note 21 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The Corporation accounts for certain financial instruments under the fair value option. For more information, see Note 15 – Fair Value Option . Recurring Fair Value Assets and liabilities carried at fair value on a recurring basis at March 31, 2020 and December 31, 2019 , including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. March 31, 2020 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,084 $ — $ — $ — $ 1,084 Federal funds sold and securities borrowed or purchased under agreements to resell — 49,033 — — 49,033 Trading account assets: U.S. Treasury and agency securities 37,646 4,172 — — 41,818 Corporate securities, trading loans and other — 27,504 1,640 — 29,144 Equity securities 41,486 25,454 249 — 67,189 Non-U.S. sovereign debt 7,871 22,653 250 — 30,774 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed (2) — 14,605 — — 14,605 Mortgage trading loans, ABS and other MBS — 8,060 1,733 — 9,793 Total trading account assets (3) 87,003 102,448 3,872 — 193,323 Derivative assets 26,134 498,231 1,856 (468,567 ) 57,654 AFS debt securities: U.S. Treasury and agency securities 67,763 933 — — 68,696 Mortgage-backed securities: Agency — 79,461 — — 79,461 Agency-collateralized mortgage obligations — 4,551 — — 4,551 Non-agency residential — 408 524 — 932 Commercial — 15,602 — — 15,602 Non-U.S. securities 1 12,245 1 — 12,247 Other taxable securities — 5,824 68 — 5,892 Tax-exempt securities — 18,740 100 — 18,840 Total AFS debt securities 67,764 137,764 693 — 206,221 Other debt securities carried at fair value: U.S. Treasury and agency securities 4 — — — 4 Agency MBS — 6,089 — — 6,089 Non-agency residential MBS — 853 269 — 1,122 Non-U.S. and other securities 3,685 3,983 — — 7,668 Total other debt securities carried at fair value 3,689 10,925 269 — 14,883 Loans and leases — 8,458 558 — 9,016 Loans held-for-sale — 2,532 1,077 — 3,609 Other assets (4) 3,864 965 1,960 — 6,789 Total assets (5) $ 189,538 $ 810,356 $ 10,285 $ (468,567 ) $ 541,612 Liabilities Interest-bearing deposits in U.S. offices $ — $ 589 $ — $ — $ 589 Federal funds purchased and securities loaned or sold under agreements to repurchase — 17,192 — — 17,192 Trading account liabilities: U.S. Treasury and agency securities 12,276 401 — — 12,677 Equity securities 36,692 5,462 1 — 42,155 Non-U.S. sovereign debt 7,026 9,834 — — 16,860 Corporate securities and other — 5,439 20 — 5,459 Total trading account liabilities 55,994 21,136 21 — 77,151 Derivative liabilities 25,638 480,153 4,765 (455,898 ) 54,658 Short-term borrowings — 3,020 — — 3,020 Accrued expenses and other liabilities 5,541 1,284 — — 6,825 Long-term debt — 31,442 721 — 32,163 Total liabilities (5) $ 87,173 $ 554,816 $ 5,507 $ (455,898 ) $ 191,598 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes $16.0 billion of GSE obligations. (3) Includes securities with a fair value of $11.0 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. (4) Includes MSRs of $1.2 billion which are classified as Level 3 assets. (5) Total recurring Level 3 assets were 0.39 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.23 percent of total consolidated liabilities. December 31, 2019 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,000 $ — $ — $ — $ 1,000 Federal funds sold and securities borrowed or purchased under agreements to resell — 50,364 — — 50,364 Trading account assets: U.S. Treasury and agency securities 49,517 4,157 — — 53,674 Corporate securities, trading loans and other — 25,226 1,507 — 26,733 Equity securities 53,597 32,619 239 — 86,455 Non-U.S. sovereign debt 3,965 23,854 482 — 28,301 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed (2) — 24,324 — — 24,324 Mortgage trading loans, ABS and other MBS — 8,786 1,553 — 10,339 Total trading account assets (3) 107,079 118,966 3,781 — 229,826 Derivative assets 14,079 328,442 2,226 (304,262 ) 40,485 AFS debt securities: U.S. Treasury and agency securities 67,332 1,196 — — 68,528 Mortgage-backed securities: Agency — 122,528 — — 122,528 Agency-collateralized mortgage obligations — 4,641 — — 4,641 Non-agency residential — 653 424 — 1,077 Commercial — 15,021 — — 15,021 Non-U.S. securities — 11,989 2 — 11,991 Other taxable securities — 3,876 65 — 3,941 Tax-exempt securities — 17,804 108 — 17,912 Total AFS debt securities 67,332 177,708 599 — 245,639 Other debt securities carried at fair value: U.S. Treasury and agency securities 3 — — — 3 Agency MBS — 3,003 — — 3,003 Non-agency residential MBS — 1,035 299 — 1,334 Non-U.S. and other securities 400 6,088 — — 6,488 Total other debt securities carried at fair value 403 10,126 299 — 10,828 Loans and leases — 7,642 693 — 8,335 Loans held-for-sale — 3,334 375 — 3,709 Other assets (4) 11,782 1,376 2,360 — 15,518 Total assets (5) $ 201,675 $ 697,958 $ 10,333 $ (304,262 ) $ 605,704 Liabilities Interest-bearing deposits in U.S. offices $ — $ 508 $ — $ — $ 508 Federal funds purchased and securities loaned or sold under agreements to repurchase — 16,008 — — 16,008 Trading account liabilities: U.S. Treasury and agency securities 13,140 282 — — 13,422 Equity securities 38,148 4,144 2 — 42,294 Non-U.S. sovereign debt 10,751 11,310 — — 22,061 Corporate securities and other — 5,478 15 — 5,493 Total trading account liabilities 62,039 21,214 17 — 83,270 Derivative liabilities 11,904 320,479 4,764 (298,918 ) 38,229 Short-term borrowings — 3,941 — — 3,941 Accrued expenses and other liabilities 13,927 1,507 — — 15,434 Long-term debt — 33,826 1,149 — 34,975 Total liabilities (5) $ 87,870 $ 397,483 $ 5,930 $ (298,918 ) $ 192,365 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes $26.7 billion of GSE obligations. (3) Includes securities with a fair value of $14.7 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. (4) Includes MSRs of $1.5 billion which are classified as Level 3 assets. (5) Total recurring Level 3 assets were 0.42 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.27 percent of total consolidated liabilities. The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2020 and 2019 , including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance January 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Level 3 Gross Level 3 Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended March 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (103 ) $ (1 ) $ 216 $ (90 ) $ 8 $ (32 ) $ 237 $ (102 ) $ 1,640 $ (108 ) Equity securities 239 (26 ) — 26 (11 ) — — 25 (4 ) 249 (27 ) Non-U.S. sovereign debt 482 2 (53 ) 73 (48 ) — (10 ) 17 (213 ) 250 3 Mortgage trading loans, ABS and other MBS 1,553 (125 ) (2 ) 362 (245 ) — (19 ) 233 (24 ) 1,733 (129 ) Total trading account assets 3,781 (252 ) (56 ) 677 (394 ) 8 (61 ) 512 (343 ) 3,872 (261 ) Net derivative assets (liabilities) (4) (2,538 ) 346 — 40 (148 ) — 12 (528 ) (93 ) (2,909 ) 279 AFS debt securities: Non-agency residential MBS 424 (3 ) (13 ) — — — (12 ) 128 — 524 — Non-U.S. securities 2 — — — (1 ) — — — — 1 — Other taxable securities 65 — — 3 — — — — — 68 — Tax-exempt securities 108 (10 ) 2 — — — — — — 100 — Total AFS debt securities 599 (13 ) (11 ) 3 (1 ) — (12 ) 128 — 693 — Other debt securities carried at fair value – Non-agency residential MBS 299 (49 ) — — — — (4 ) 26 (3 ) 269 (49 ) Loans and leases (5,6) 693 (119 ) — — — — (16 ) — — 558 (107 ) Loans held-for-sale (5,6) 375 (9 ) (28 ) — — 691 (45 ) 93 — 1,077 (15 ) Other assets (6,7) 2,360 (251 ) (30 ) — 1 20 (142 ) 2 — 1,960 (287 ) Trading account liabilities – Equity securities (2 ) 1 — — — — — — — (1 ) 1 Trading account liabilities – Corporate securities and other (15 ) 1 — (6 ) — — — — — (20 ) 1 Long-term debt (5) (1,149 ) 127 187 8 — (13 ) 141 (23 ) 1 (721 ) 126 Three Months Ended March 31, 2019 Trading account assets: Corporate securities, trading loans and other $ 1,558 $ 3 $ — $ 54 $ (73 ) $ — $ (60 ) $ 139 $ (193 ) $ 1,428 $ (8 ) Equity securities 276 2 — 18 (1 ) — (3 ) 2 (6 ) 288 2 Non-U.S. sovereign debt 465 8 (1 ) — — — — — — 472 8 Mortgage trading loans, ABS and other MBS 1,635 38 (1 ) 230 (337 ) — (9 ) 89 (135 ) 1,510 27 Total trading account assets 3,934 51 (2 ) 302 (411 ) — (72 ) 230 (334 ) 3,698 29 Net derivative assets (liabilities) (4) (935 ) (25 ) — 111 (245 ) — (55 ) 122 9 (1,018 ) (25 ) AFS debt securities: Non-agency residential MBS 597 — 93 — — — (7 ) 159 (261 ) 581 — Non-U.S. securities 2 — — — — — — — — 2 — Other taxable securities 7 — — — — — (4 ) — — 3 — Total AFS debt securities 606 — 93 — — — (11 ) 159 (261 ) 586 — Other debt securities carried at fair value – Non-agency residential MBS 172 47 — — — — (1 ) 38 (32 ) 224 47 Loans and leases (5,6) 338 4 — — (15 ) — (10 ) — — 317 4 Loans held-for-sale (5,6) 542 12 (2 ) 10 (21 ) 11 (53 ) 59 — 558 4 Other assets (6,7) 2,932 (74 ) 8 — — 41 (158 ) — — 2,749 (128 ) Trading account liabilities – Corporate securities and other (18 ) — — — (3 ) — — — — (21 ) — Long-term debt (5) (817 ) (46 ) (1 ) — — (3 ) 38 (61 ) — (890 ) (46 ) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; Other debt securities carried at fair value - other income; Loans and leases - predominantly other income; Loans held-for-sale - other income; Other assets - primarily other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized gains of $67 million and $96 million related to financial instruments still held at March 31, 2020 and 2019 . (4) Net derivative assets (liabilities) include derivative assets of $1.9 billion and $3.5 billion and derivative liabilities of $4.8 billion and $4.5 billion at March 31, 2020 and 2019 . (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at March 31, 2020 and December 31, 2019 . Quantitative Information about Level 3 Fair Value Measurements at March 31, 2020 (Dollars in millions) Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,567 Discounted cash flow, Market comparables Yield 0% to 25% 7% Trading account assets – Mortgage trading loans, ABS and other MBS 456 Prepayment speed 1% to 32% CPR 21% CPR Loans and leases 253 Default rate 0% to 3% CDR 1% CDR Loans held-for-sale 1 Loss severity 0% to 47% 14% AFS debt securities, primarily non-agency residential 525 Price $0 to $160 $98 AFS debt securities – Other taxable securities 63 Other debt securities carried at fair value - Non-agency residential 269 Instruments backed by commercial real estate assets $ 1,224 Discounted cash flow Yield 0% to 25% 3% Trading account assets – Corporate securities, trading loans and other 250 Price $0 to $103 $60 Trading account assets – Mortgage trading loans, ABS and other MBS 172 Loans held-for-sale 802 Commercial loans, debt securities and other $ 3,429 Discounted cash flow, Market comparables Yield 1% to 25% 7% Trading account assets – Corporate securities, trading loans and other 1,390 Prepayment speed 10% to 20% 15% Trading account assets – Non-U.S. sovereign debt 250 Default rate 3% to 4% 4% Trading account assets – Mortgage trading loans, ABS and other MBS 1,105 Loss severity 35% to 40% 38% AFS debt securities – Other taxable securities 5 Price $0 to $142 $68 AFS debt securities – Tax-exempt securities 100 Long-dated equity volatilities 78% n/a Loans and leases 305 Loans held-for-sale 274 Other assets, primarily auction rate securities $ 796 Discounted cash flow, Market comparables Price $10 to $99 $95 MSRs $ 1,164 Discounted cash flow Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 9 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9% Option-adjusted spread, variable rate 9% to 15% 11% Structured liabilities Long-term debt $ (721 ) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 2% to 7% 7% Equity correlation 6% to 100% 68% Long-dated equity volatilities 12% to 290% 34% Price $0 to $115 $74 Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Net derivative assets (liabilities) Credit derivatives $ (12 ) Discounted cash flow, Stochastic recovery correlation model Yield 5% n/a Upfront points 0 to 100 points 74 points Prepayment speed 15% to 100% CPR 26% CPR Default rate 2% CDR n/a Price $0 to $122 $41 Equity derivatives $ (1,007 ) Industry standard derivative pricing (3) Equity correlation 6% to 100% 68% Long-dated equity volatilities 12% to 290% 34% Commodity derivatives $ (1,725 ) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $5/MMBtu $2/MMBtu Correlation 54% to 73% 73% Volatilities 16% to 293% 119% Interest rate derivatives $ (165 ) Industry standard derivative pricing (4) Correlation (IR/IR) 15% to 94% 43% Correlation (FX/IR) 0% to 46% 2% Long-dated inflation rates -28% to 59% 15% Long-dated inflation volatilities 0% to 1% 1% Total net derivative assets (liabilities) $ (2,909 ) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 84 : Trading account assets – Corporate securities, trading loans and other of $1.6 billion , Trading account assets – Non-U.S. sovereign debt of $250 million , Trading account assets – Mortgage trading loans, ABS and other MBS of $1.7 billion , AFS debt securities of $693 million , Other debt securities carried at fair value - Non-agency residential of $269 million , Other assets, including MSRs, of $2.0 billion , Loans and leases of $558 million and LHFS of $1.1 billion . (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,407 Discounted cash flow, Market comparables Yield 0% to 25% 6% Trading account assets – Mortgage trading loans, ABS and other MBS 332 Prepayment speed 1% to 27% CPR 17% CPR Loans and leases 281 Default rate 0% to 3% CDR 1% CDR Loans held-for-sale 4 Loss severity 0% to 47% 14% AFS debt securities, primarily non-agency residential 491 Price $0 to $160 $94 Other debt securities carried at fair value - Non-agency residential 299 Instruments backed by commercial real estate assets $ 303 Discounted cash flow Yield 0% to 30% 14% Trading account assets – Corporate securities, trading loans and other 201 Price $0 to $100 $55 Trading account assets – Mortgage trading loans, ABS and other MBS 85 Loans held-for-sale 17 Commercial loans, debt securities and other $ 3,798 Discounted cash flow, Market comparables Yield 1% to 20% 6% Trading account assets – Corporate securities, trading loans and other 1,306 Prepayment speed 10% to 20% 13% Trading account assets – Non-U.S. sovereign debt 482 Default rate 3% to 4% 4% Trading account assets – Mortgage trading loans, ABS and other MBS 1,136 Loss severity 35% to 40% 38% AFS debt securities – Tax-exempt securities 108 Price $0 to $142 $72 Loans and leases 412 Long-dated equity volatilities 35% n/a Loans held-for-sale 354 Other assets, primarily auction rate securities $ 815 Discounted cash flow, Market comparables Price $10 to $100 $96 MSRs $ 1,545 Discounted cash flow Weighted-average life, fixed rate (5) 0 to 14 years 5 years Weighted-average life, variable rate (5) 0 to 9 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9% Option-adjusted spread, variable rate 9% to 15% 11% Structured liabilities Long-term debt $ (1,149 ) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 2% to 6% 5% Equity correlation 9% to 100% 63% Long-dated equity volatilities 4% to 101% 32% Price $0 to $116 $74 Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Net derivative assets (liabilities) Credit derivatives $ 13 Discounted cash flow, Stochastic recovery correlation model Yield 5% n/a Upfront points 0 to 100 points 63 points Prepayment speed 15% to 100% CPR 22% CPR Default rate 1% to 4% CDR 2% CDR Loss severity 35% n/a Price $0 to $104 $73 Equity derivatives $ (1,081 ) Industry standard derivative pricing (3) Equity correlation 9% to 100% 63% Long-dated equity volatilities 4% to 101% 32% Commodity derivatives $ (1,357 ) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Correlation 30% to 69% 68% Volatilities 14% to 54% 27% Interest rate derivatives $ (113 ) Industry standard derivative pricing (4) Correlation (IR/IR) 15% to 94% 52% Correlation (FX/IR) 0% to 46% 2% Long-dated inflation rates -23% to 56% 16% Long-dated inflation volatilities 0% to 1% 1% Total net derivative assets (liabilities) $ (2,538 ) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 85 : Trading account assets – Corporate securities, trading loans and other of $1.5 billion , Trading account assets – Non-U.S. sovereign debt of $482 million , Trading account assets – Mortgage trading loans, ABS and other MBS of $1.6 billion , AFS debt securities of $599 million , Other debt securities carried at fair value - Non-agency residential of $299 million , Other assets, including MSRs, of $2.4 billion , Loans and leases of $693 million and LHFS of $375 million . (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Uncertainty of Fair Value Measurements from Unobservable Inputs For information on the types of instruments, valuation approaches and the impact of changes in unobservable inputs used in Level 3 measurements, see Note 21 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K Nonrecurring Fair Value The Corporation holds certain assets that are measured at fair value only in certain situations (e.g., the impairment of an asset), and these measurements are referred to herein as nonrecurring. The amounts below represent assets still held as of the reporting date for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2020 and 2019. Assets Measured at Fair Value on a Nonrecurring Basis March 31, 2020 Three Months Ended March 31, 2020 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 1,017 $ 628 $ (78 ) Loans and leases (1) — 117 (27 ) Foreclosed properties (2, 3) — 15 (6 ) Other assets 27 24 (2 ) March 31, 2019 Three Months Ended March 31, 2019 Assets Loans held-for-sale $ 55 $ — $ (1 ) Loans and leases (1) — 120 (40 ) Foreclosed properties (2, 3) — 40 (13 ) Other assets 61 6 (11 ) (1) Includes $12 million and $18 million of losses on loans that were written down to a collateral value of zero during the three months ended March 31, 2020 and 2019 . (2) Amounts are included in other assets on the Consolidated Balance Sheet and represent the carrying value of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. Losses on foreclosed properties include losses recorded during the first 90 days after transfer of a loan to foreclosed properties. (3) Excludes $224 million and $400 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at March 31, 2020 and 2019 . The table below presents information about significant unobservable inputs at March 31, 2020 and December 31, 2019 . Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average (1) (Dollars in millions) March 31, 2020 Loans held-for-sale $ 628 Discounted cash flow Price $9 to $99 $95 Loans and leases (2) 117 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % December 31, 2019 Loans held-for-sale $ 102 Discounted cash flow Price $85 to $97 $88 Loans and leases (2) 257 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % Other assets (3) 640 Discounted cash flow Customer attrition 0% to 19% 5 % Costs to service 11% to 19% 15 % (1) The weighted average is calculated based upon the fair value of the loans. (2) Represents residential mortgages where the loan has been written down to the fair value of the underlying collateral. (3) Reflects the measurement of the Corporation’s merchant services equity method investment on which the Corporation recorded an impairment charge in 2019. For more information, see Note 13 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The fair value of the merchant services joint venture was measured using a discounted cash flow method in which the two primary drivers of fair value were the customer attrition rate and certain costs to service the customers. The weighted averages are calculated based on variations of the attrition rates and costs to service the customers.

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option The Corporation elects to account for certain financial instruments under the fair value option. For more information on the primary financial instruments for which the fair value option elections have been made, see Note 22 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at March 31, 2020 and December 31, 2019 , and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for the three months ended March 31, 2020 and 2019 . Fair Value Option Elections March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value Carrying Amount Contractual Principal Outstanding Fair Value Carrying Amount Less Unpaid Principal Fair Value Carrying Amount Contractual Principal Outstanding Fair Value Carrying Amount Less Unpaid Principal Federal funds sold and securities borrowed or purchased under agreements to resell $ 49,033 $ 49,016 $ 17 $ 50,364 $ 50,318 $ 46 Loans reported as trading account assets (1) 7,652 16,542 (8,890 ) 6,989 14,703 (7,714 ) Trading inventory – other 16,780 n/a n/a 19,574 n/a n/a Consumer and commercial loans 9,016 9,358 (342 ) 8,335 8,372 (37 ) Loans held-for-sale (1) 3,609 4,564 (955 ) 3,709 4,879 (1,170 ) Other assets 4 n/a n/a 4 n/a n/a Long-term deposits 589 541 48 508 496 12 Federal funds purchased and securities loaned or sold under agreements to repurchase 17,192 17,184 8 16,008 16,029 (21 ) Short-term borrowings 3,020 3,265 (245 ) 3,941 3,930 11 Unfunded loan commitments 207 n/a n/a 90 n/a n/a Long-term debt (2) 32,163 35,714 (3,551 ) 34,975 35,730 (755 ) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. (2) Includes structured liabilities with a fair value of $31.8 billion and $34.6 billion at March 31, 2020 and December 31, 2019 , and contractual principal outstanding of $35.3 billion at both periods. n/a = not applicable Gains (Losses) Relating to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended March 31 2020 2019 (Dollars in millions) Market making and similar activities Other Income Total Market making and similar activities Other Income Total Loans reported as trading account assets $ (387 ) $ — $ (387 ) $ 91 $ — $ 91 Trading inventory – other (1) (2,793 ) — (2,793 ) 2,544 — 2,544 Consumer and commercial loans (83 ) (358 ) (441 ) 1 18 19 Short-term borrowings 517 — 517 — — — Unfunded loan commitments — (116 ) (116 ) — 63 63 Long-term debt (2) 916 (16 ) 900 (1,080 ) (23 ) (1,103 ) Other (3) 13 (51 ) (38 ) 11 23 34 Total $ (1,817 ) $ (541 ) $ (2,358 ) $ 1,567 $ 81 $ 1,648 (1) The gains in market making and similar activities are primarily offset by losses on trading liabilities that hedge these assets. (2) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 13 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 21 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . (3) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, LHFS, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option Three Months Ended March 31 (Dollars in millions) 2020 2019 Loans reported as trading account assets $ (389 ) $ 12 Consumer and commercial loans (349 ) 19 Loans held-for-sale (74 ) 11 Unfunded loan commitments (116 ) 63

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following disclosures include financial instruments that are not carried at fair value or only a portion of the ending balance is carried at fair value on the Consolidated Balance Sheet. Certain loans, deposits, long-term debt and unfunded lending commitments are accounted for under the fair value option. For more information, see Note 22 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Fair Value of Financial Instruments The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at March 31, 2020 and December 31, 2019 are presented in the following table. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) March 31, 2020 Financial assets Loans $ 1,011,597 $ 64,762 $ 975,625 $ 1,040,387 Loans held-for-sale 7,862 5,556 2,308 $ 7,864 Financial liabilities Deposits (1) 1,583,325 1,583,659 — 1,583,659 Long-term debt 256,712 248,324 721 249,045 Commercial unfunded lending commitments (2) 1,567 207 6,318 6,525 December 31, 2019 Financial assets Loans $ 950,093 $ 63,633 $ 914,597 $ 978,230 Loans held-for-sale 9,158 8,439 719 9,158 Financial liabilities Deposits (1) 1,434,803 1,434,809 — 1,434,809 Long-term debt 240,856 247,376 1,149 248,525 Commercial unfunded lending commitments (2) 903 90 4,777 4,867 (1) Includes demand deposits of $650.9 billion and $545.5 billion with no stated maturities at March 31, 2020 and December 31, 2019 . (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 10 – Commitments and Contingencies .

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Corporation reports its results of operations through the following four business segments: Consumer Banking , Global Wealth & Investment Management , Global Banking and Global Markets , with the remaining operations recorded in All Other . For more information, see Note 24 – Business Segment Information to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The following table presents net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three months ended March 31, 2020 and 2019 , and total assets at March 31, 2020 and 2019 for each business segment, as well as All Other , including a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. Results of Business Segments and All Other At and for the three months ended March 31 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2020 2019 2020 2019 2020 2019 Net interest income $ 12,274 $ 12,528 $ 6,862 $ 7,106 $ 1,571 $ 1,684 Noninterest income 10,637 10,629 2,267 2,526 3,365 3,136 Total revenue, net of interest expense 22,911 23,157 9,129 9,632 4,936 4,820 Provision for credit losses 4,761 1,013 2,258 974 189 5 Noninterest expense 13,475 13,224 4,495 4,367 3,600 3,434 Income before income taxes 4,675 8,920 2,376 4,291 1,147 1,381 Income tax expense 665 1,609 582 1,051 281 338 Net income $ 4,010 $ 7,311 $ 1,794 $ 3,240 $ 866 $ 1,043 Period-end total assets $ 2,619,954 $ 2,377,164 $ 837,522 $ 794,586 $ 323,866 $ 296,799 Global Banking Global Markets All Other 2020 2019 2020 2019 2020 2019 Net interest income $ 2,612 $ 2,790 $ 1,153 $ 953 $ 76 $ (5 ) Noninterest income 1,988 2,365 4,072 3,228 (1,055 ) (626 ) Total revenue, net of interest expense 4,600 5,155 5,225 4,181 (979 ) (631 ) Provision for credit losses 2,093 111 107 (23 ) 114 (54 ) Noninterest expense 2,321 2,266 2,813 2,755 246 402 Income before income taxes 186 2,778 2,305 1,449 (1,339 ) (979 ) Income tax expense 50 750 599 413 (847 ) (943 ) Net income $ 136 $ 2,028 $ 1,706 $ 1,036 $ (492 ) $ (36 ) Period-end total assets $ 562,529 $ 436,066 $ 654,735 $ 671,123 $ 241,302 $ 178,590 (1) There were no material intersegment revenues. The table below presents noninterest income and the components thereto for the three months ended March 31, 2020 and 2019 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Investment Management Three Months Ended March 31 (Dollars in millions) 2020 2019 2020 2019 2020 2019 Fees and commissions: Card income Interchange fees $ 792 $ 896 $ 644 $ 728 $ 8 $ 17 Other card income 480 479 466 469 9 9 Total card income 1,272 1,375 1,110 1,197 17 26 Service charges Deposit-related fees 1,627 1,580 995 1,020 17 18 Lending-related fees 276 259 — — — — Total service charges 1,903 1,839 995 1,020 17 18 Investment and brokerage services Asset management fees 2,682 2,440 37 35 2,652 2,414 Brokerage fees 1,076 920 33 38 470 428 Total investment and brokerage services 3,758 3,360 70 73 3,122 2,842 Investment banking fees Underwriting income 848 666 — — 115 80 Syndication fees 271 255 — — — — Financial advisory services 269 343 — — — — Total investment banking fees 1,388 1,264 — — 115 80 Total fees and commissions 8,321 7,838 2,175 2,290 3,271 2,966 Market making and similar activities 2,807 2,768 1 2 21 34 Other income (loss) (491 ) 23 91 234 73 136 Total noninterest income $ 10,637 $ 10,629 $ 2,267 $ 2,526 $ 3,365 $ 3,136 Global Banking Global Markets All Other (1) Three Months Ended March 31 2020 2019 2020 2019 2020 2019 Fees and commissions: Card income Interchange fees $ 119 $ 129 $ 21 $ 21 $ — $ 1 Other card income 4 2 — (1 ) 1 — Total card income 123 131 21 20 1 1 Service charges Deposit-related fees 572 498 35 38 8 6 Lending-related fees 224 215 52 44 — — Total service charges 796 713 87 82 8 6 Investment and brokerage services Asset management fees — — — — (7 ) (9 ) Brokerage fees 7 9 567 444 (1 ) 1 Total investment and brokerage services 7 9 567 444 (8 ) (8 ) Investment banking fees Underwriting income 369 279 455 368 (91 ) (61 ) Syndication fees 145 127 125 129 1 (1 ) Financial advisory services 247 303 22 40 — — Total investment banking fees 761 709 602 537 (90 ) (62 ) Total fees and commissions 1,687 1,562 1,277 1,083 (89 ) (63 ) Market making and similar activities 87 50 2,973 2,082 (275 ) 600 Other income (loss) 214 753 (178 ) 63 (691 ) (1,163 ) Total noninterest income $ 1,988 $ 2,365 $ 4,072 $ 3,228 $ (1,055 ) $ (626 ) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations Three Months Ended March 31 (Dollars in millions) 2020 2019 Segments’ total revenue, net of interest expense $ 23,890 $ 23,788 Adjustments (1) : ALM activities (85 ) 12 Liquidating businesses, eliminations and other 894 643 FTE basis adjustment (144 ) (153 ) Consolidated revenue, net of interest expense $ 22,767 $ 23,004 Segments’ total net income 4,502 7,347 Adjustments, net-of-tax (1) : ALM activities (77 ) 18 Liquidating businesses, eliminations and other (415 ) (54 ) Consolidated net income $ 4,010 $ 7,311 March 31 2020 2019 Segments’ total assets $ 2,378,652 $ 2,198,574 Adjustments (1) : ALM activities, including securities portfolio 840,187 671,751 Elimination of segment asset allocations to match liabilities (665,795 ) (566,812 ) Other 66,910 73,651 Consolidated total assets $ 2,619,954 $ 2,377,164 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Summary of Significant Accoun_2

Summary of Significant Accounting Principles 10Q (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments are included in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income.
Basis of Presentation	The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions.
Accounting Standards	New Accounting Standards Reference Rate Reform In March 2020, the FASB issued a new accounting standard related to contracts or hedging relationships that reference LIBOR or other reference rates that are expected to be discontinued due to reference rate reform. The new standard provides for optional expedients and other guidance regarding the accounting related to modifications of contracts, hedging relationships and other transactions affected by reference rate reform. The Corporation has elected to retrospectively adopt the new standard as of January 1, 2020 which resulted in no immediate impact. While reference rate reform is not expected to have a material accounting impact on the Corporation’s consolidated financial position or results of operations, the standard will ease the administrative burden in accounting for the future effects of reference rate reform. Accounting for Financial Instruments -- Credit Losses On January 1, 2020, the Corporation adopted the new accounting standard that requires the measurement of the allowance for credit losses to be based on management’s best estimate of lifetime expected credit losses (ECL) inherent in the Corporation’s relevant financial assets. Upon adoption of the standard on January 1, 2020, the Corporation recorded a $3.3 billion , or 32 percent , increase to the allowance for credit losses. After adjusting for deferred taxes and other adoption effects, a $2.4 billion decrease was recorded in retained earnings through a cumulative-effect adjustment. Accounting Policies for Credit Losses The following summarizes the Corporation’s accounting policies for certain credit loss activities. Allowance for Credit Losses The allowance for credit losses includes both the allowance for loan and lease losses and the reserve for unfunded lending commitments and represents management’s estimate of the ECL in the Corporation’s loan and lease portfolio, excluding loans and unfunded lending commitments accounted for under the fair value option. The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels, corporate bond spreads and long-term interest rate forecasts. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the amount of weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal as well as third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. The allowance for loan and lease losses for troubled debt restructurings (TDR) is measured based on the present value of projected future lifetime principal and interest cash flows discounted at the loan’s original effective interest rate, or in cases where foreclosure is probable or the loan is collateral dependent, at the loan’s collateral value or its observable market price, if available. The measurement of expected credit losses for the renegotiated consumer credit card TDR portfolio is based on the present value of projected cash flows discounted using the average TDR portfolio contractual interest rate, excluding promotionally priced loans, in effect prior to restructuring. Projected cash flows for TDRs use the same economic outlook as discussed above. For purposes of computing this specific loss component of the allowance, larger impaired loans are evaluated individually and smaller impaired loans are evaluated as a pool. Also included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately represented in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due and collateral-dependent TDRs, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due and collateral-dependent TDRs, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates expected credit losses giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The commercial real estate model also utilizes key economic variables to forecast market indicators such as rent levels and vacancy rates, which impact the expected credit loss estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook and the model considers key economic variables such as unemployment rate, gross domestic product, credit risk spreads, asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Securities The Corporation evaluates each available-for-sale (AFS) security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for expected credit losses except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of a credit loss. Any credit losses determined are recognized as an increase to the allowance for credit losses through provision expense recorded in other income. Cash flows expected to be collected are estimated using all relevant information available such as, remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated other comprehensive income (OCI). In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its held-to-maturity (HTM) debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Other Assets For the Corporation’s financial assets that are measured at amortized cost and are not included in debt securities or loans and leases on the Consolidated Balance Sheet, the Corporation evaluates these assets for expected credit losses using various techniques. For assets that are subject to collateral maintenance provisions, including federal funds sold and securities borrowed or purchased under agreements to resell, where the collateral consists of daily margining of liquid and marketable assets where the margining is expected to be maintained into the foreseeable future, the expected losses are assumed to be zero . For all other assets, the Corporation performs qualitative analyses, including consideration of historical losses and current economic conditions, to estimate any expected credit losses which are then included in a valuation account that is recorded as a contra-asset against the amortized cost basis of the financial asset. Troubled Debt Restructurings The Corporation has implemented various consumer and commercial loan modification programs to provide its borrowers relief from the economic impacts of COVID-19. In accordance with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Corporation has elected to not apply troubled debt restructuring classification to any COVID-19 related loan modifications that were performed after March 1, 2020 to borrowers who were current as of December 31, 2019. Accordingly, these restructurings are not classified as TDRs. In addition, for loans modified in response to the COVID-19 pandemic that do not meet the above criteria (e.g., current payment status at December 31, 2019), the Corporation is applying the guidance included in an interagency statement issued by the bank regulatory agencies. This guidance states that loan modifications performed in light of the COVID-19 pandemic, including loan payment deferrals that are up to six months in duration, that were granted to borrowers who were current as of the implementation date of a loan modification program or modifications granted under government mandated modification programs, are not TDRs. For loan modifications that include a payment deferral and are not TDRs, the borrower’s past due and nonaccrual status will not be impacted during the deferral period. Interest income will continue to be recognized over the contractual life of the loan. For more information on the Corporation's TDR accounting, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K.

Net Interest Income and Nonin_2

Net Interest Income and Noninterest Income (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three months ended March 31, 2020 and 2019 . For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . For a disaggregation of noninterest income by business segment and All Other , see Note 17 – Business Segment Information . Three Months Ended March 31 (Dollars in millions) 2020 2019 Net interest income Interest income Loans and leases $ 9,963 $ 10,885 Debt securities 2,843 3,119 Federal funds sold and securities borrowed or purchased under agreements to resell 819 1,195 Trading account assets 1,247 1,322 Other interest income 1,226 1,649 Total interest income 16,098 18,170 Interest expense Deposits 1,184 1,795 Short-term borrowings 1,120 1,852 Trading account liabilities 329 345 Long-term debt 1,335 1,803 Total interest expense 3,968 5,795 Net interest income $ 12,130 $ 12,375 Noninterest income Fees and commissions Card income Interchange fees (1) $ 792 $ 896 Other card income 480 479 Total card income 1,272 1,375 Service charges Deposit-related fees 1,627 1,580 Lending-related fees 276 259 Total service charges 1,903 1,839 Investment and brokerage services Asset management fees 2,682 2,440 Brokerage fees 1,076 920 Total investment and brokerage services 3,758 3,360 Investment banking fees Underwriting income 848 666 Syndication fees 271 255 Financial advisory services 269 343 Total investment banking fees 1,388 1,264 Total fees and commissions 8,321 7,838 Market making and similar activities 2,807 2,768 Other income (491 ) 23 Total noninterest income $ 10,637 $ 10,629 (1) Gross interchange fees were $2.3 billion for both the three months ended March 31, 2020 and 2019 , and are presented net of $1.5 billion and $1.4 billion of expenses for rewards and partner payments for the same periods.

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at March 31, 2020 and December 31, 2019 . Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. March 31, 2020 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Hedges Total Trading and Other Risk Management Derivatives Qualifying Hedges Total Interest rate contracts Swaps $ 19,058.4 $ 199.6 $ 21.0 $ 220.6 $ 217.2 $ 0.5 $ 217.7 Futures and forwards 6,585.6 13.4 — 13.4 13.0 — 13.0 Written options 1,782.9 — — — 56.3 — 56.3 Purchased options 1,768.8 60.6 — 60.6 — — — Foreign exchange contracts Swaps 1,617.0 47.9 1.2 49.1 53.6 1.5 55.1 Spot, futures and forwards 4,566.2 68.5 1.0 69.5 66.8 0.2 67.0 Written options 314.1 — — — 6.8 — 6.8 Purchased options 309.6 7.5 — 7.5 — — — Equity contracts Swaps 241.8 22.0 — 22.0 19.8 — 19.8 Futures and forwards 95.8 1.2 0.1 1.3 0.4 — 0.4 Written options 601.7 — — — 50.0 — 50.0 Purchased options 576.1 56.4 — 56.4 — — — Commodity contracts Swaps 41.3 5.9 — 5.9 6.3 — 6.3 Futures and forwards 48.2 1.9 — 1.9 0.6 — 0.6 Written options 33.0 — — — 5.6 — 5.6 Purchased options 37.0 5.2 — 5.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 354.2 8.1 — 8.1 2.1 — 2.1 Total return swaps/options 98.3 2.1 — 2.1 1.5 — 1.5 Written credit derivatives: Credit default swaps 332.0 1.7 — 1.7 6.5 — 6.5 Total return swaps/options 97.8 1.0 — 1.0 1.9 — 1.9 Gross derivative assets/liabilities $ 503.0 $ 23.3 $ 526.3 $ 508.4 $ 2.2 $ 510.6 Less: Legally enforceable master netting agreements (415.2 ) (415.2 ) Less: Cash collateral received/paid (53.4 ) (40.7 ) Total derivative assets/liabilities $ 57.7 $ 54.7 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $(4.5) billion and $279.4 billion at March 31, 2020 . December 31, 2019 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Hedges Total Trading and Other Risk Management Derivatives Qualifying Hedges Total Interest rate contracts Swaps $ 15,074.4 $ 162.0 $ 9.7 $ 171.7 $ 168.5 $ 0.4 $ 168.9 Futures and forwards 3,279.8 1.0 — 1.0 1.0 — 1.0 Written options 1,767.7 — — — 32.5 — 32.5 Purchased options 1,673.6 37.4 — 37.4 — — — Foreign exchange contracts Swaps 1,657.7 30.3 0.7 31.0 31.7 0.9 32.6 Spot, futures and forwards 3,792.7 35.9 0.1 36.0 38.7 0.3 39.0 Written options 274.3 — — — 3.8 — 3.8 Purchased options 261.6 4.0 — 4.0 — — — Equity contracts Swaps 315.0 6.5 — 6.5 8.1 — 8.1 Futures and forwards 125.1 0.3 — 0.3 1.1 — 1.1 Written options 731.1 — — — 34.6 — 34.6 Purchased options 668.6 42.4 — 42.4 — — — Commodity contracts Swaps 42.0 2.1 — 2.1 4.4 — 4.4 Futures and forwards 61.3 1.7 — 1.7 0.4 — 0.4 Written options 33.2 — — — 1.4 — 1.4 Purchased options 37.9 1.4 — 1.4 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 321.6 2.7 — 2.7 5.6 — 5.6 Total return swaps/options 86.6 0.4 — 0.4 1.3 — 1.3 Written credit derivatives: Credit default swaps 300.2 5.4 — 5.4 2.0 — 2.0 Total return swaps/options 86.2 0.8 — 0.8 0.4 — 0.4 Gross derivative assets/liabilities $ 334.3 $ 10.5 $ 344.8 $ 335.5 $ 1.6 $ 337.1 Less: Legally enforceable master netting agreements (270.4 ) (270.4 ) Less: Cash collateral received/paid (33.9 ) (28.5 ) Total derivative assets/liabilities $ 40.5 $ 38.2 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $2.8 billion and $309.7 billion at December 31, 2019 .
Derivative [Line Items]
Gains and Losses on Derivatives Designated as Fair Value Hedges	The table below summarizes information related to fair value hedges for the three months ended March 31, 2020 and 2019 . Gains and Losses on Derivatives Designated as Fair Value Hedges Three Months Ended March 31, 2020 2020 2019 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ 10,334 $ (10,276 ) $ 1,913 $ (1,929 ) Interest rate and foreign currency risk on long-term debt (2) 505 (491 ) 57 (48 ) Interest rate risk on available-for-sale securities (3) (350 ) 342 (45 ) 43 Total $ 10,489 $ (10,425 ) $ 1,925 $ (1,934 ) (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For the three months ended March 31, 2020 and 2019 , the derivative amount includes gains (losses) of $734 million and $170 million in interest expense, $(241) million and $(121) million in market making and similar activities, and $12 million and $8 million in accumulated OCI. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below summarizes the carrying value of hedged assets and liabilities that are designated and qualifying in fair value hedging relationships along with the cumulative amount of fair value hedging adjustments included in the carrying value that have been recorded in the current hedging relationships. These fair value hedging adjustments are open basis adjustments that are not subject to amortization as long as the hedging relationship remains designated. Designated Fair Value Hedged Assets (Liabilities) March 31, 2020 December 31, 2019 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ (186,490 ) $ (19,542 ) $ (162,389 ) $ (8,685 ) Available-for-sale debt securities (2, 3) 4,157 314 1,654 64 (1) For assets, increase (decrease) to carrying value and for liabilities, (increase) decrease to carrying value. (2) At March 31, 2020 and December 31, 2019 , the cumulative fair value adjustments remaining on long-term debt and AFS debt securities from discontinued hedging relationships resulted in a decrease in the related liability of $1.2 billion and $1.3 billion and an increase in the related asset of $22 million and $8 million , which are being amortized over the remaining contractual life of the de-designated hedged items. (3) Carrying value represents amortized cost.
Cash Flow and Net Investment Hedges	The following table summarizes certain information related to cash flow hedges and net investment hedges for the three months ended March 31, 2020 and 2019 . Of the $17 million after-tax net gain ( $23 million pretax) on derivatives in accumulated OCI at March 31, 2020 , gains of $77 million after-tax ( $102 million pretax) related to open cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net gains reclassified into earnings are expected to primarily increase net interest income related to the respective hedged items. For terminated cash flow hedges, the time period over which the majority of the forecasted transactions are hedged is approximately three years, with a maximum length of time for certain forecasted transactions of 16 years. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Three Months Ended March 31 2020 2019 (Dollars in millions, amounts pretax) Gains (Losses) Recognized in on Derivatives Gains (Losses) in Income Gains (Losses) Recognized in on Derivatives Gains (Losses) in Income Cash flow hedges Interest rate risk on variable-rate assets (1) $ 591 $ (26 ) $ 254 $ (23 ) Price risk on certain compensation plans (2) (82 ) — — — Total $ 509 $ (26 ) $ 254 $ (23 ) Net investment hedges Foreign exchange risk (3) $ 1,368 $ — $ 6 $ 1 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. For the three months ended March 31, 2020 and 2019 , amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $30 million and $53 million .
Other Risk Management Derivatives	The following table presents gains (losses) on these derivatives for the three months ended March 31, 2020 and 2019 . These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives Three Months Ended March 31 (Dollars in millions) 2020 2019 Interest rate risk on mortgage activities (1, 2) $ 379 $ 104 Credit risk on loans (2) 88 (26 ) Interest rate and foreign currency risk on ALM activities (3) 1,528 1,229 Price risk on certain compensation plans (4) (757 ) 511 (1) Primarily related to hedges of interest rate risk on mortgage servicing rights and interest rate lock commitments to originate mortgage loans that will be held for sale. The net gains on interest rate lock commitments which are not included in the table but are considered derivative instruments, were $48 million and $12 million for the three months ended March 31, 2020 and 2019 . (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense.
Schedule of Derivative Instruments Included in Trading Activities	This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 17 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The table below is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Income Other (1) Total (Dollars in millions) Three Months Ended March 31, 2020 Interest rate risk $ 1,568 $ 619 $ 68 $ 2,255 Foreign exchange risk 446 5 5 456 Equity risk 1,261 (123 ) 519 1,657 Credit risk (406 ) 441 39 74 Other risk 103 21 7 131 Total sales and trading revenue $ 2,972 $ 963 $ 638 $ 4,573 Three Months Ended March 31, 2019 Interest rate risk $ 300 $ 410 $ 86 $ 796 Foreign exchange risk 318 19 6 343 Equity risk 969 (175 ) 396 1,190 Credit risk 487 430 134 1,051 Other risk 7 18 10 35 Total sales and trading revenue $ 2,081 $ 702 $ 632 $ 3,415 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $557 million and $433 million for the three months ended March 31, 2020 and 2019 .
Disclosure of Credit Derivatives	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at March 31, 2020 and December 31, 2019 are summarized in the following table. Credit Derivative Instruments Less than One Year One to Three Years Three to Five Years Over Five Years Total March 31, 2020 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 9 $ 87 $ 620 $ 532 $ 1,248 Non-investment grade 192 1,021 1,945 2,054 5,212 Total 201 1,108 2,565 2,586 6,460 Total return swaps/options: Investment grade 578 — — — 578 Non-investment grade 1,301 10 — — 1,311 Total 1,879 10 — — 1,889 Total credit derivatives $ 2,080 $ 1,118 $ 2,565 $ 2,586 $ 8,349 Credit-related notes: Investment grade $ — $ — $ — $ 1,156 $ 1,156 Non-investment grade 6 2 — 1,075 1,083 Total credit-related notes $ 6 $ 2 $ — $ 2,231 $ 2,239 Maximum Payout/Notional Credit default swaps: Investment grade $ 48,868 $ 75,071 $ 77,467 $ 26,226 $ 227,632 Non-investment grade 19,106 30,941 39,604 14,694 104,345 Total 67,974 106,012 117,071 40,920 331,977 Total return swaps/options: Investment grade 65,869 — 126 — 65,995 Non-investment grade 27,272 4,476 6 5 31,759 Total 93,141 4,476 132 5 97,754 Total credit derivatives $ 161,115 $ 110,488 $ 117,203 $ 40,925 $ 429,731 December 31, 2019 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 60 $ 164 $ 229 Non-investment grade 70 292 561 808 1,731 Total 70 297 621 972 1,960 Total return swaps/options: Investment grade 35 — — — 35 Non-investment grade 344 — — — 344 Total 379 — — — 379 Total credit derivatives $ 449 $ 297 $ 621 $ 972 $ 2,339 Credit-related notes: Investment grade $ — $ 3 $ 1 $ 639 $ 643 Non-investment grade 6 2 1 1,125 1,134 Total credit-related notes $ 6 $ 5 $ 2 $ 1,764 $ 1,777 Maximum Payout/Notional Credit default swaps: Investment grade $ 55,827 $ 67,838 $ 71,320 $ 17,708 $ 212,693 Non-investment grade 19,049 26,521 29,618 12,337 87,525 Total 74,876 94,359 100,938 30,045 300,218 Total return swaps/options: Investment grade 56,488 — 62 76 56,626 Non-investment grade 28,707 657 104 60 29,528 Total 85,195 657 166 136 86,154 Total credit derivatives $ 160,071 $ 95,016 $ 101,104 $ 30,181 $ 386,372
Additional Collateral Required to be Posted Upon Downgrade	The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at March 31, 2020 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. Additional Collateral Required to be Posted Upon Downgrade at March 31, 2020 (Dollars in millions) One incremental notch Second incremental notch Bank of America Corporation $ 519 $ 724 Bank of America, N.A. and subsidiaries (1) 257 495 (1) Included in Bank of America Corporation collateral requirements in this table.
Derivative Liability Subject to Unilateral Termination Upon Downgrade	The following table presents the derivative liabilities that would be subject to unilateral termination by counterparties and the amounts of collateral that would have been contractually required at March 31, 2020 if the long-term senior debt ratings for the Corporation or certain subsidiaries had been lower by one incremental notch and by an additional second incremental notch. Derivative Liabilities Subject to Unilateral Termination Upon Downgrade at March 31, 2020 (Dollars in millions) One incremental notch Second incremental notch Derivative liabilities $ 161 $ 1,498 Collateral posted 144 1,098
Valuation Adjustments on Derivatives	The table below presents credit valuation adjustment (CVA), DVA and FVA gains (losses) on derivatives (excluding the effect of any related hedge activities), which are recorded in market making and similar activities, for the three months ended March 31, 2020 and 2019 . For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended March 31 2020 2019 Derivative assets (CVA) $ (784 ) $ 66 Derivative assets/liabilities (FVA) (156 ) 7 Derivative liabilities (DVA) 414 (81 ) (1) At March 31, 2020 and December 31, 2019 , cumulative CVA reduced the derivative assets balance by $1.3 billion and $528 million , cumulative FVA reduced the net derivatives balance by $309 million and $153 million , and cumulative DVA reduced the derivative liabilities balance by $699 million and $285 million , respectively.
Derivative
Derivative [Line Items]
Offsetting Assets	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash . Offsetting of Derivatives (1) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities (Dollars in billions) March 31, 2020 December 31, 2019 Interest rate contracts Over-the-counter $ 277.6 $ 271.1 $ 203.1 $ 196.6 Exchange-traded 0.3 0.3 0.1 0.1 Over-the-counter cleared 15.2 13.4 6.0 5.3 Foreign exchange contracts Over-the-counter 121.5 124.4 69.2 73.1 Over-the-counter cleared 2.1 2.1 0.5 0.5 Equity contracts Over-the-counter 32.3 24.4 21.3 17.8 Exchange-traded 43.7 42.2 26.4 22.8 Commodity contracts Over-the-counter 9.0 9.1 2.8 4.2 Exchange-traded 2.5 2.2 0.8 0.8 Over-the-counter cleared — 0.1 — 0.1 Credit derivatives Over-the-counter 11.5 10.6 6.4 6.6 Over-the-counter cleared 1.2 1.2 2.5 2.2 Total gross derivative assets/liabilities, before netting Over-the-counter 451.9 439.6 302.8 298.3 Exchange-traded 46.5 44.7 27.3 23.7 Over-the-counter cleared 18.5 16.8 9.0 8.1 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (413.4 ) (400.7 ) (274.7 ) (269.3 ) Exchange-traded (40.5 ) (40.5 ) (21.5 ) (21.5 ) Over-the-counter cleared (14.7 ) (14.7 ) (8.1 ) (8.1 ) Derivative assets/liabilities, after netting 48.3 45.2 34.8 31.2 Other gross derivative assets/liabilities (2) 9.4 9.5 5.7 7.0 Total derivative assets/liabilities 57.7 54.7 40.5 38.2 Less: Financial instruments collateral (3) (16.7 ) (21.4 ) (14.6 ) (16.1 ) Total net derivative assets/liabilities $ 41.0 $ 33.3 $ 25.9 $ 22.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter-cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.
Offsetting Liabilities	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash . Offsetting of Derivatives (1) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities (Dollars in billions) March 31, 2020 December 31, 2019 Interest rate contracts Over-the-counter $ 277.6 $ 271.1 $ 203.1 $ 196.6 Exchange-traded 0.3 0.3 0.1 0.1 Over-the-counter cleared 15.2 13.4 6.0 5.3 Foreign exchange contracts Over-the-counter 121.5 124.4 69.2 73.1 Over-the-counter cleared 2.1 2.1 0.5 0.5 Equity contracts Over-the-counter 32.3 24.4 21.3 17.8 Exchange-traded 43.7 42.2 26.4 22.8 Commodity contracts Over-the-counter 9.0 9.1 2.8 4.2 Exchange-traded 2.5 2.2 0.8 0.8 Over-the-counter cleared — 0.1 — 0.1 Credit derivatives Over-the-counter 11.5 10.6 6.4 6.6 Over-the-counter cleared 1.2 1.2 2.5 2.2 Total gross derivative assets/liabilities, before netting Over-the-counter 451.9 439.6 302.8 298.3 Exchange-traded 46.5 44.7 27.3 23.7 Over-the-counter cleared 18.5 16.8 9.0 8.1 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (413.4 ) (400.7 ) (274.7 ) (269.3 ) Exchange-traded (40.5 ) (40.5 ) (21.5 ) (21.5 ) Over-the-counter cleared (14.7 ) (14.7 ) (8.1 ) (8.1 ) Derivative assets/liabilities, after netting 48.3 45.2 34.8 31.2 Other gross derivative assets/liabilities (2) 9.4 9.5 5.7 7.0 Total derivative assets/liabilities 57.7 54.7 40.5 38.2 Less: Financial instruments collateral (3) (16.7 ) (21.4 ) (14.6 ) (16.1 ) Total net derivative assets/liabilities $ 41.0 $ 33.3 $ 25.9 $ 22.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter-cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The table below presents the amortized cost, gross unrealized gains and losses, and fair value of AFS debt securities, other debt securities carried at fair value and HTM debt securities at March 31, 2020 and December 31, 2019 . Debt Securities Amortized Cost Gross Gains Gross Losses Fair Value (Dollars in millions) March 31, 2020 Available-for-sale debt securities Mortgage-backed securities: Agency $ 76,599 $ 2,863 $ (1 ) $ 79,461 Agency-collateralized mortgage obligations 4,348 212 (9 ) 4,551 Commercial 14,800 814 (12 ) 15,602 Non-agency residential (1) 882 130 (80 ) 932 Total mortgage-backed securities 96,629 4,019 (102 ) 100,546 U.S. Treasury and agency securities 64,353 4,352 (9 ) 68,696 Non-U.S. securities 12,248 10 (11 ) 12,247 Other taxable securities, substantially all asset-backed securities 6,016 80 (204 ) 5,892 Total taxable securities 179,246 8,461 (326 ) 187,381 Tax-exempt securities 18,752 163 (75 ) 18,840 Total available-for-sale debt securities (3) 197,998 8,624 (401 ) 206,221 Other debt securities carried at fair value (2) 14,791 317 (225 ) 14,883 Total debt securities carried at fair value 212,789 8,941 (626 ) 221,104 Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities (3) 254,764 11,848 (17 ) 266,595 Total debt securities (4, 5) $ 467,553 $ 20,789 $ (643 ) $ 487,699 December 31, 2019 Available-for-sale debt securities Mortgage-backed securities: Agency $ 121,698 $ 1,013 $ (183 ) $ 122,528 Agency-collateralized mortgage obligations 4,587 78 (24 ) 4,641 Commercial 14,797 249 (25 ) 15,021 Non-agency residential (1) 948 138 (9 ) 1,077 Total mortgage-backed securities 142,030 1,478 (241 ) 143,267 U.S. Treasury and agency securities 67,700 1,023 (195 ) 68,528 Non-U.S. securities 11,987 6 (2 ) 11,991 Other taxable securities, substantially all asset-backed securities 3,874 67 — 3,941 Total taxable securities 225,591 2,574 (438 ) 227,727 Tax-exempt securities 17,716 202 (6 ) 17,912 Total available-for-sale debt securities 243,307 2,776 (444 ) 245,639 Other debt securities carried at fair value (2) 10,596 255 (23 ) 10,828 Total debt securities carried at fair value 253,903 3,031 (467 ) 256,467 Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities 215,730 4,433 (342 ) 219,821 Total debt securities (4, 5) $ 469,633 $ 7,464 $ (809 ) $ 476,288 (1) At both March 31, 2020 and December 31, 2019 , the underlying collateral type included approximately 49 percent prime, six percent Alt-A and 45 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in other income. For detail on the components, see Note 14 – Fair Value Measurements . (3) During the three months ended March 31, 2020 , the Corporation reclassified AFS debt securities with a fair value of $44.4 billion to HTM. Additionally, the Corporation transferred $11.1 billion of debt securities from its trading account inventory to its Banking Book with $5.2 billion subsequently classified as AFS securities and $5.9 billion classified in other debt securities carried at fair value. (4) Includes securities pledged as collateral of $71.4 billion and $67.0 billion at March 31, 2020 and December 31, 2019 . (5) The Corporation held debt securities from Fannie Mae and Freddie Mac that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $153.3 billion and $58.8 billion , and a fair value of $161.2 billion and $61.7 billion at March 31, 2020 , and an amortized cost of $157.2 billion and $54.1 billion , and a fair value of $160.6 billion and $55.1 billion at December 31, 2019 .
Amortized Cost and Fair Value of Corporations Investment	The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at March 31, 2020 and December 31, 2019 . Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in millions) March 31, 2020 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ — $ — $ 704 $ (1 ) $ 704 $ (1 ) Agency-collateralized mortgage obligations 6 — 582 (9 ) 588 (9 ) Commercial 652 (9 ) 348 (3 ) 1,000 (12 ) Non-agency residential 455 (67 ) 38 (13 ) 493 (80 ) Total mortgage-backed securities 1,113 (76 ) 1,672 (26 ) 2,785 (102 ) U.S. Treasury and agency securities (495 ) (7 ) 523 (2 ) 28 (9 ) Non-U.S. securities 2,733 (10 ) 513 (1 ) 3,246 (11 ) Other taxable securities, substantially all asset-backed securities 2,950 (191 ) 293 (13 ) 3,243 (204 ) Total taxable securities 6,301 (284 ) 3,001 (42 ) 9,302 (326 ) Tax-exempt securities 6,075 (46 ) 3,090 (29 ) 9,165 (75 ) Total AFS debt securities in a continuous unrealized loss position $ 12,376 $ (330 ) $ 6,091 $ (71 ) $ 18,467 $ (401 ) December 31, 2019 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 17,641 $ (41 ) $ 17,238 $ (142 ) $ 34,879 $ (183 ) Agency-collateralized mortgage obligations 255 (1 ) 925 (23 ) 1,180 (24 ) Commercial 2,180 (22 ) 442 (3 ) 2,622 (25 ) Non-agency residential 122 (6 ) 22 (3 ) 144 (9 ) Total mortgage-backed securities 20,198 (70 ) 18,627 (171 ) 38,825 (241 ) U.S. Treasury and agency securities 12,836 (71 ) 18,866 (124 ) 31,702 (195 ) Non-U.S. securities 851 — 837 (2 ) 1,688 (2 ) Other taxable securities, substantially all asset-backed securities 938 — 222 — 1,160 — Total taxable securities 34,823 (141 ) 38,552 (297 ) 73,375 (438 ) Tax-exempt securities 4,286 (5 ) 190 (1 ) 4,476 (6 ) Total AFS debt securities in a continuous unrealized loss position $ 39,109 $ (146 ) $ 38,742 $ (298 ) $ 77,851 $ (444 ) (1) Includes continuously unrealized loss-positioned AFS debt securities on which an unrealized loss, primarily related to changes in interest rates, remains in accumulated OCI.
Expected Maturity Distribution	The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at March 31, 2020 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgages or other asset-backed securities (ABS) are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Year or Less Due after One Year through Five Years Due after Five Years through Ten Years Due after Ten Years Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 9 5.42 % $ 65 4.47 % $ 82,426 3.42 % $ 82,500 3.42 % Agency-collateralized mortgage obligations — — — — 26 2.50 4,322 3.16 4,348 3.16 Commercial 22 1.68 4,956 2.45 8,821 2.56 1,014 2.86 14,813 2.54 Non-agency residential — — — — 12 — 2,069 9.01 2,081 8.96 Total mortgage-backed securities 22 1.68 4,965 2.45 8,924 2.57 89,831 3.53 103,742 3.40 U.S. Treasury and agency securities 6,401 1.25 30,295 1.73 27,622 2.21 38 2.45 64,356 1.89 Non-U.S. securities 18,332 0.87 1,478 1.47 11 2.97 102 7.02 19,923 0.95 Other taxable securities, substantially all asset-backed securities 1,474 2.13 2,011 2.66 1,237 3.31 1,294 3.22 6,016 2.78 Total taxable securities 26,229 1.04 38,749 1.86 37,794 2.33 91,265 3.53 194,037 2.63 Tax-exempt securities 2,612 1.82 7,882 3.28 5,035 2.18 3,223 4.00 18,752 2.90 Total amortized cost of debt securities carried at fair value $ 28,841 1.11 $ 46,631 2.10 $ 42,829 2.32 $ 94,488 3.54 $ 212,789 2.65 Amortized cost of HTM debt securities (2) $ 595 2.66 $ 46 3.62 $ 1,096 2.56 $ 253,027 3.14 $ 254,764 3.14 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 9 $ 69 $ 85,472 $ 85,550 Agency-collateralized mortgage obligations — — 26 4,525 4,551 Commercial 22 5,154 9,352 1,087 15,615 Non-agency residential — — 23 2,031 2,054 Total mortgage-backed securities 22 5,163 9,470 93,115 107,770 U.S. Treasury and agency securities 6,464 31,645 30,551 39 68,699 Non-U.S. securities 18,307 1,481 11 100 19,899 Other taxable securities, substantially all asset-backed securities 1,460 1,880 1,234 1,322 5,896 Total taxable securities 26,253 40,169 41,266 94,576 202,264 Tax-exempt securities 2,610 7,875 5,100 3,255 18,840 Total debt securities carried at fair value $ 28,863 $ 48,044 $ 46,366 $ 97,831 $ 221,104 Fair value of HTM debt securities (2) $ 595 $ 46 $ 1,164 $ 264,790 $ 266,595 (1) The weighted-average yield is computed based on a constant effective interest rate over the contractual life of each security. The average yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related hedging derivatives. (2) Substantially all U.S. agency MBS.

Outstanding Loans and Leases (T

Outstanding Loans and Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of Loans and Leases Outstanding	The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at March 31, 2020 and December 31, 2019 . 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past or More Total Current or Less Than 30 Days Past Due (1) Loans Accounted for Under the Fair Value Option Total Outstandings (Dollars in millions) March 31, 2020 Consumer real estate Core portfolio Residential mortgage $ 1,348 $ 262 $ 580 $ 2,190 $ 231,445 $ 233,635 Home equity 129 59 215 403 34,470 34,873 Non-core portfolio Residential mortgage 434 172 1,109 1,715 8,195 9,910 Home equity 34 15 67 116 4,578 4,694 Credit card and other consumer Credit card 541 368 991 1,900 89,990 91,890 Direct/Indirect consumer (2) 288 77 32 397 89,849 90,246 Other consumer — — — — 150 150 Total consumer 2,774 953 2,994 6,721 458,677 465,398 Consumer loans accounted for under the fair value option (3) $ 556 556 Total consumer loans and leases 2,774 953 2,994 6,721 458,677 556 465,954 Commercial U.S. commercial 715 378 504 1,597 356,907 358,504 Non-U.S. commercial 29 41 1 71 116,541 116,612 Commercial real estate (4) (4) 188 25 137 350 66,304 66,654 Commercial lease financing 119 25 68 212 18,968 19,180 U.S. small business commercial 123 51 108 282 15,139 15,421 Total commercial 1,174 520 818 2,512 573,859 576,371 Commercial loans accounted for under the fair value option (3) 8,460 8,460 Total commercial loans and leases 1,174 520 818 2,512 573,859 8,460 584,831 Total loans and leases (5) $ 3,948 $ 1,473 $ 3,812 $ 9,233 $ 1,032,536 $ 9,016 $ 1,050,785 Percentage of outstandings 0.38 % 0.14 % 0.36 % 0.88 % 98.26 % 0.86 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $474 million and nonperforming loans of $138 million . Consumer real estate loans 60-89 days past due includes fully-insured loans of $174 million and nonperforming loans of $123 million . Consumer real estate loans 90 days or more past due includes fully-insured loans of $1.0 billion . Consumer real estate loans current or less than 30 days past due includes $878 million and direct/indirect consumer includes $43 million of nonperforming loans. For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.0 billion , U.S. securities-based lending loans of $36.4 billion and non-U.S. consumer loans of $3.0 billion . (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $231 million and home equity loans of $325 million . Commercial loans accounted for under the fair value option includes U.S. commercial loans of $5.1 billion and non-U.S. commercial loans of $3.4 billion . For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $62.9 billion and non-U.S. commercial real estate loans of $3.8 billion . (5) Total outstandings includes loans and leases pledged as collateral of $32.7 billion . The Corporation also pledged $217.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Accounted for Under the Fair Value Option Total Outstandings (Dollars in millions) December 31, 2019 Consumer real estate Core portfolio Residential mortgage $ 1,378 $ 261 $ 565 $ 2,204 $ 223,566 $ 225,770 Home equity 135 70 198 403 34,823 35,226 Non-core portfolio Residential mortgage 458 209 1,263 1,930 8,469 10,399 Home equity 34 16 72 122 4,860 4,982 Credit card and other consumer Credit card 564 429 1,042 2,035 95,573 97,608 Direct/Indirect consumer (2) 297 85 35 417 90,581 90,998 Other consumer — — — — 192 192 Total consumer 2,866 1,070 3,175 7,111 458,064 465,175 Consumer loans accounted for under the fair value option (3) $ 594 594 Total consumer loans and leases 2,866 1,070 3,175 7,111 458,064 594 465,769 Commercial U.S. commercial 788 279 371 1,438 305,610 307,048 Non-U.S. commercial 35 23 8 66 104,900 104,966 Commercial real estate (4) 144 19 119 282 62,407 62,689 Commercial lease financing 100 56 39 195 19,685 19,880 U.S. small business commercial 119 56 107 282 15,051 15,333 Total commercial 1,186 433 644 2,263 507,653 509,916 Commercial loans accounted for under the fair value option (3) 7,741 7,741 Total commercial loans and leases 1,186 433 644 2,263 507,653 7,741 517,657 Total loans and leases (5) $ 4,052 $ 1,503 $ 3,819 $ 9,374 $ 965,717 $ 8,335 $ 983,426 Percentage of outstandings 0.41 % 0.15 % 0.39 % 0.95 % 98.20 % 0.85 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $517 million and nonperforming loans of $139 million . Consumer real estate loans 60-89 days past due includes fully-insured loans of $206 million and nonperforming loans of $114 million . Consumer real estate loans 90 days or more past due includes fully-insured loans of $1.1 billion . Consumer real estate loans current or less than 30 days past due includes $856 million and direct/indirect consumer includes $45 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.4 billion , U.S. securities-based lending loans of $36.7 billion and non-U.S. consumer loans of $2.8 billion . (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $257 million and home equity loans of $337 million . Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.7 billion and non-U.S. commercial loans of $3.1 billion . For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $59.0 billion and non-U.S. commercial real estate loans of $3.7 billion . (5) Total outstandings includes loans and leases pledged as collateral of $25.9 billion . The Corporation also pledged $168.2 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Financing Receivable Credit Quality Indicators	The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables and year of origination for term loan balances at March 31, 2020 , including revolving loans that converted to term loans without an additional credit decision after origination or through a troubled debt restructuring. Residential Mortgage – Credit Quality Indicators By Vintage (Dollars in millions) Total as of March 31, 2020 2020 2019 2018 2017 2016 Prior Total Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 219,592 $ 16,686 $ 61,053 $ 23,539 $ 31,947 $ 32,310 $ 54,057 Greater than 90 percent but less than or equal to 100 percent 3,735 528 1,714 592 221 140 540 Greater than 100 percent 1,393 175 437 159 79 66 477 Fully-insured loans 18,825 564 2,789 591 456 2,660 11,765 Total Residential Mortgage $ 243,545 $ 17,953 $ 65,993 $ 24,881 $ 32,703 $ 35,176 $ 66,839 Total Residential Mortgage Refreshed FICO score Less than 620 $ 3,288 $ 59 $ 279 $ 252 $ 247 $ 267 $ 2,184 Greater than or equal to 620 and less than 680 5,948 172 1,083 689 672 502 2,830 Greater than or equal to 680 and less than 740 28,591 1,638 7,262 3,426 3,728 3,311 9,226 Greater than or equal to 740 186,893 15,520 54,580 19,923 27,600 28,436 40,834 Fully-insured loans 18,825 564 2,789 591 456 2,660 11,765 Total Residential Mortgage $ 243,545 $ 17,953 $ 65,993 $ 24,881 $ 32,703 $ 35,176 $ 66,839 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) March 31, 2020 Total Home Equity Refreshed LTV Less than or equal to 90 percent $ 38,277 $ 2,169 $ 25,653 $ 10,455 Greater than 90 percent but less than or equal to 100 percent 562 159 159 244 Greater than 100 percent 728 229 150 349 Total Home Equity $ 39,567 $ 2,557 $ 25,962 $ 11,048 Total Home Equity Refreshed FICO score Less than 620 $ 1,283 $ 268 $ 290 $ 725 Greater than or equal to 620 and less than 680 2,214 308 692 1,214 Greater than or equal to 680 and less than 740 7,153 647 3,713 2,793 Greater than or equal to 740 28,917 1,334 21,267 6,316 Total Home Equity $ 39,567 $ 2,557 $ 25,962 $ 11,048 (1) Includes reverse mortgages of $1.4 billion and home equity loans of $1.2 billion which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of March 31, 2020 2020 2019 2018 2017 2016 Prior Total Credit Card as of March 31, 2020 Revolving Loans Revolving Loans Converted to Term Loans (3) Refreshed FICO score Less than 620 $ 1,369 $ 26 $ 231 $ 255 $ 404 $ 288 $ 165 $ 5,017 $ 4,766 $ 251 Greater than or equal to 620 and less than 680 2,663 234 863 512 516 317 221 11,874 11,670 204 Greater than or equal to 680 and less than 740 8,362 946 3,046 1,639 1,308 758 665 34,088 33,919 169 Greater than or equal to 740 37,863 3,971 13,845 8,313 5,756 3,115 2,863 40,911 40,872 39 Other internal credit metrics (1, 2) 39,989 2,821 4,311 4,037 3,182 3,362 22,276 — — — Total credit card and other consumer $ 90,246 $ 7,998 $ 22,296 $ 14,756 $ 11,166 $ 7,840 $ 26,190 $ 91,890 $ 91,227 $ 663 (1) Other internal credit metrics may include delinquency status, geography or other factors. (2) Direct/indirect consumer includes $39.3 billion and $39.6 billion of securities-based lending which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at March 31, 2020 and December 31, 2019 . (3) Represents troubled debt restructurings that were modified into term loans. Commercial – Credit Quality Indicators By Vintage (1, 2) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 346,042 $ 17,797 $ 48,441 $ 24,019 $ 18,227 $ 10,092 $ 24,445 $ 203,021 Reservable criticized 12,462 578 999 872 635 377 978 8,023 Total U.S. Commercial $ 358,504 $ 18,375 $ 49,440 $ 24,891 $ 18,862 $ 10,469 $ 25,423 $ 211,044 Non-U.S. Commercial Risk ratings Pass rated $ 115,233 $ 6,026 $ 18,591 $ 12,245 $ 7,510 $ 1,810 $ 7,269 $ 61,782 Reservable criticized 1,379 46 216 86 98 74 6 853 Total Non-U.S. Commercial $ 116,612 $ 6,072 $ 18,807 $ 12,331 $ 7,608 $ 1,884 $ 7,275 $ 62,635 Commercial Real Estate Risk ratings Pass rated $ 65,133 $ 3,384 $ 17,481 $ 12,594 $ 7,586 $ 4,358 $ 9,309 $ 10,421 Reservable criticized 1,521 1 306 213 467 69 302 163 Total Commercial Real Estate $ 66,654 $ 3,385 $ 17,787 $ 12,807 $ 8,053 $ 4,427 $ 9,611 $ 10,584 Commercial Lease Financing Risk ratings Pass rated $ 18,768 $ 944 $ 4,165 $ 4,138 $ 3,264 $ 2,204 $ 4,053 $ — Reservable criticized 412 54 15 68 37 41 197 — Total Commercial Lease Financing $ 19,180 $ 998 $ 4,180 $ 4,206 $ 3,301 $ 2,245 $ 4,250 $ — U.S. Small Business Commercial (3) Risk ratings Pass rated $ 7,280 $ 359 $ 1,412 $ 1,056 $ 902 $ 655 $ 2,653 $ 243 Reservable criticized 604 1 16 86 121 93 279 8 Total U.S. Small Business Commercial $ 7,884 $ 360 $ 1,428 $ 1,142 $ 1,023 $ 748 $ 2,932 $ 251 Total (1, 2) $ 568,834 $ 29,190 $ 91,642 $ 55,377 $ 38,847 $ 19,773 $ 49,491 $ 284,514 (1) Excludes $8.5 billion and $7.7 billion of loans accounted for under the fair value option at March 31, 2020 and December 31, 2019 . (2) Includes $41 million of loans that converted from revolving to term loans. (3) Excludes U.S. Small Business Card loans of $7.5 billion . Refreshed FICO scores for this portfolio are $319 million for less than 620; $749 million for greater than or equal to 620 and less than 680; $2.2 billion for greater than or equal to 680 and less than 740; and $4.3 billion greater than or equal to 740.
Schedule of Financing Receivables, Non Accrual Status	The table below presents the Corporation’s nonperforming loans and leases including nonperforming TDRs, and loans accruing past due 90 days or more at March 31, 2020 and December 31, 2019 . Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K. Credit Quality Nonperforming Loans and Leases Accruing Past Due 90 Days or More (1) (Dollars in millions) March 31 December 31 March 31 December 31 Residential mortgage (2) $ 1,580 $ 1,470 $ 951 $ 1,088 With negative allowance (3) 482 — Home equity (2) 578 536 — — With negative allowance (3) 123 — Credit Card n/a n/a 991 1,042 Direct/indirect consumer 46 47 30 33 Total consumer 2,204 2,053 1,972 2,163 U.S. commercial 1,240 1,094 188 106 Non-U.S. commercial 90 43 1 8 Commercial real estate 408 280 39 19 Commercial lease financing 44 32 31 20 U.S. small business commercial 70 50 95 97 Total commercial 1,852 1,499 354 250 Total nonperforming loans $ 4,056 $ 3,552 $ 2,326 $ 2,413 Percentage of outstanding loans and leases 0.39 % 0.36 % 0.22 % 0.25 % (1) For information on the Corporation's interest accrual policies and delinquency status for loan modifications related to the COVID-19 pandemic, see Note 1 – Summary of Significant Accounting Principles . (2) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At March 31, 2020 and December 31, 2019 residential mortgage includes $637 million and $740 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $314 million and 348 million of loans on which interest was still accruing. (3) At March 31, 2020 , Residential Mortgage and Home Equity include negative allowance on nonperforming loans of $145 million and $107 million . n/a = not applicable
Troubled Debt Restructurings on Financing Receivables	The table below presents the March 31, 2020 and 2019 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during the three months ended March 31, 2020 and 2019 . The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Consumer Real Estate – TDRs Entered into During The Three Months Ended March 31, 2020 and 2019 (1) Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (2) (Dollars in millions) March 31, 2020 Residential mortgage $ 122 $ 103 4.04 % 3.94 % Home equity 23 20 4.69 4.68 Total $ 145 $ 123 4.15 4.06 March 31, 2019 Residential mortgage $ 135 $ 112 4.19 % 4.27 % Home equity 63 48 5.23 4.86 Total $ 198 $ 160 4.52 4.46 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period. The table below presents the March 31, 2020 and 2019 carrying value for consumer real estate loans that were modified in a TDR during the three months ended March 31, 2020 and 2019 , by type of modification. Consumer Real Estate – Modification Programs (1) TDRs Entered into During the Three Months Ended March 31 (Dollars in millions) 2020 2019 Modifications under government programs $ 1 $ 3 Modifications under proprietary programs 28 26 Loans discharged in Chapter 7 bankruptcy (2) 15 28 Trial modifications 79 103 Total modifications $ 123 $ 160 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The table below presents the carrying value of consumer real estate loans that entered into payment default during the three months ended March 31, 2020 and 2019 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months (1) Three Months Ended March 31 (Dollars in millions) 2020 2019 Modifications under government programs $ 6 $ 7 Modifications under proprietary programs 14 29 Loans discharged in Chapter 7 bankruptcy (2) 7 9 Trial modifications (3) 18 16 Total modifications $ 45 $ 61 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (3) Includes trial modification offers to which the customer did not respond. The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the March 31, 2020 and 2019 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during the three months ended March 31, 2020 and 2019 . Credit Card and Other Consumer – TDRs Entered into During the Three Months Ended March 31, 2020 and 2019 (1) Unpaid Principal Balance Carrying Value (2) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) March 31, 2020 Credit card $ 94 $ 101 18.52 % 5.30 % Direct/Indirect consumer 17 9 5.34 5.34 Total $ 111 $ 110 17.40 5.30 March 31, 2019 Credit card $ 98 $ 105 19.86 % 5.21 % Direct/Indirect consumer 18 10 4.96 4.96 Total $ 116 $ 115 18.56 5.19 (1) For more information on the Corporation's loan modification programs offered in response to the COVID-19 pandemic, which are not TDRs, see Note 1 – Summary of Significant Accounting Principles . (2) Includes accrued interest and fees. The table below presents the March 31, 2020 and 2019 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three months ended March 31, 2020 and 2019 , by program type. Credit Card and Other Consumer – TDRs by Program Type (1) TDRs Entered into During the Three Months Ended March 31 (Dollars in millions) 2020 2019 Internal programs $ 74 $ 75 External programs 27 30 Other 9 10 Total $ 110 $ 115 (1)
Changes in the Allowance for Credit Losses	The table below summarizes the changes in the allowance for credit losses by portfolio segment for the three months ended March 31, 2020 and 2019 . Consumer Credit Card and Other Consumer Commercial Total (Dollars in millions) Three Months Ended March 31, 2020 Allowance for loan and lease losses, January 1 $ 440 $ 7,430 $ 4,488 $ 12,358 Loans and leases charged off (35 ) (1,121 ) (282 ) (1,438 ) Recoveries of loans and leases previously charged off 47 237 32 316 Net charge-offs 12 (884 ) (250 ) (1,122 ) Provision for loan and lease losses 351 1,712 2,462 4,525 Other (1) 5 — — 5 Allowance for loan and lease losses, March 31 808 8,258 6,700 15,766 Reserve for unfunded lending commitments, January 1 119 — 1,004 1,123 Provision for unfunded lending commitments 30 — 206 236 Other (1) — — 1 1 Reserve for unfunded lending commitments, March 31 149 — 1,211 1,360 Allowance for credit losses, March 31 $ 957 $ 8,258 $ 7,911 $ 17,126 Three Months Ended March 31, 2019 Allowance for loan and lease losses, January 1 $ 928 $ 3,874 $ 4,799 $ 9,601 Loans and leases charged off (103 ) (1,057 ) (177 ) (1,337 ) Recoveries of loans and leases previously charged off 108 217 21 346 Net charge-offs 5 (840 ) (156 ) (991 ) Provision for loan and lease losses (70 ) 900 178 1,008 Other (1) (41 ) — — (41 ) Allowance for loan and lease losses, March 31 822 3,934 4,821 9,577 Reserve for unfunded lending commitments, January 1 — — 797 797 Provision for unfunded lending commitments — — 5 5 Reserve for unfunded lending commitments, March 31 — — 802 802 Allowance for credit losses, March 31 $ 822 $ 3,934 $ 5,623 $ 10,379 (1) Primarily represents write-offs of purchased credit-impaired loans in 2019 , and the net impact of portfolio sales, transfers to held-for-sale and transfers to foreclosed properties.

Securitizations and Other Var_2

Securitizations and Other Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Mortgage Related Securitizations	The table below summarizes select information related to first-lien mortgage securitizations for the three months ended March 31, 2020 and 2019 . First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended March 31 (Dollars in millions) 2020 2019 2020 2019 Proceeds from loan sales (1) $ 1,552 $ 1,096 $ 2,072 $ 987 Gains on securitizations (2) 6 7 41 17 Repurchases from securitization trusts (3) 128 244 — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or Government National Mortgage Association (GNMA) in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $27 million and $8 million , net of hedges, during the three months ended March 31, 2020 and 2019 , are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities.
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2, 3) Resecuritization Trusts Municipal Bond Trusts (Dollars in millions) March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 Unconsolidated VIEs Maximum loss exposure $ 386 $ 412 $ — $ — $ 6,409 $ 7,526 $ 3,412 $ 3,701 On-balance sheet assets Senior securities (4) : Trading account assets $ — $ — $ — $ — $ 1,262 $ 2,188 $ 213 $ — Debt securities carried at fair value 10 11 — — 1,097 1,126 — — Held-to-maturity securities — — — — 4,050 4,212 — — Total retained positions $ 10 $ 11 $ — $ — $ 6,409 $ 7,526 $ 213 $ — Total assets of VIEs (5) $ 961 $ 1,023 $ — $ — $ 15,082 $ 21,234 $ 3,960 $ 4,395 Consolidated VIEs Maximum loss exposure $ 73 $ 64 $ 17,392 $ 17,915 $ 196 $ 54 $ 1,966 $ 2,656 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 214 $ 73 $ 1,790 $ 2,480 Loans and leases 111 122 25,156 26,985 — — — — Allowance for loan and lease losses 17 (2 ) (1,483 ) (800 ) — — — — All other assets 4 3 103 119 — — 176 176 Total assets $ 132 $ 123 $ 23,776 $ 26,304 $ 214 $ 73 $ 1,966 $ 2,656 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ 1,147 $ 2,175 Long-term debt 59 64 6,371 8,372 18 19 — — All other liabilities — — 13 17 — — — — Total liabilities $ 59 $ 64 $ 6,384 $ 8,389 $ 18 $ 19 $ 1,147 $ 2,175 (1) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 10 – Commitments and Contingencies . (2) At March 31, 2020 and December 31, 2019 , loans and leases in the consolidated credit card trust included $11.0 billion and $10.5 billion of seller’s interest. (3) At March 31, 2020 and December 31, 2019 , all other assets in the consolidated credit card trust included unbilled accrued interest and fees. (4) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). (5) Total assets of VIEs includes loans the Corporation transferred with which it has continuing involvement, which may include servicing the loan.
First Lien Mortgages
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage (Dollars in millions) March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 March 31 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 12,228 $ 12,554 $ 317 $ 340 $ 1,381 $ 1,622 $ 86 $ 98 $ 1,102 $ 1,036 On-balance sheet assets Senior securities: Trading account assets $ 641 $ 627 $ 12 $ 5 $ 23 $ 54 $ 26 $ 24 $ 73 $ 65 Debt securities carried at fair value 5,419 6,392 165 193 996 1,178 59 72 — — Held-to-maturity securities 6,168 5,535 — — — — — — 867 809 All other assets — — 7 2 31 49 1 2 50 38 Total retained positions $ 12,228 $ 12,554 $ 184 $ 200 $ 1,050 $ 1,281 $ 86 $ 98 $ 990 $ 912 Principal balance outstanding (2) $ 153,421 $ 160,226 $ 7,400 $ 7,268 $ 7,687 $ 8,594 $ 18,997 $ 19,878 $ 60,748 $ 60,129 Consolidated VIEs Maximum loss exposure (1) $ 10,852 $ 10,857 $ — $ 5 $ 45 $ 44 $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,210 $ 780 $ 100 $ 116 $ 216 $ 149 $ — $ — $ — $ — Loans and leases, net 9,478 9,917 — — — — — — — — All other assets 164 161 — — — — — — — — Total assets $ 10,852 $ 10,858 $ 100 $ 116 $ 216 $ 149 $ — $ — $ — $ — Total liabilities $ 2 $ 4 $ 100 $ 111 $ 171 $ 105 $ — $ — $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 10 – Commitments and Contingencies and Note 14 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans.
Other Variable Interest Entities
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at March 31, 2020 and December 31, 2019 . Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) March 31, 2020 December 31, 2019 Maximum loss exposure $ 4,131 $ 25,448 $ 29,579 $ 4,055 $ 26,326 $ 30,381 On-balance sheet assets Trading account assets $ 1,875 $ 577 $ 2,452 $ 2,213 $ 549 $ 2,762 Debt securities carried at fair value — 71 71 — 74 74 Loans and leases 2,261 3,031 5,292 1,810 3,214 5,024 Allowance for loan and lease losses (3 ) (66 ) (69 ) (2 ) (38 ) (40 ) All other assets 89 20,416 20,505 81 20,547 20,628 Total $ 4,222 $ 24,029 $ 28,251 $ 4,102 $ 24,346 $ 28,448 On-balance sheet liabilities Long-term debt $ 68 $ — $ 68 $ 46 $ — $ 46 All other liabilities 24 4,931 4,955 2 5,087 5,089 Total $ 92 $ 4,931 $ 5,023 $ 48 $ 5,087 $ 5,135 Total assets of VIEs $ 4,222 $ 99,229 $ 103,451 $ 4,102 $ 98,491 $ 102,593

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents goodwill balances by business segment and All Other at March 31, 2020 and December 31, 2019 . The reporting units utilized for goodwill impairment testing are the operating segments or one level below. For more information, see Note 7 – Goodwill and Intangible Assets to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Goodwill (Dollars in millions) March 31 December 31 Consumer Banking $ 30,123 $ 30,123 Global Wealth & Investment Management 9,677 9,677 Global Banking 23,923 23,923 Global Markets 5,182 5,182 All Other 46 46 Total goodwill $ 68,951 $ 68,951

Federal Funds Sold or Purchas_2

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2020
Federal Funds Sold, Securities Borrowed or Purchased Under Agreements to Resell and Short-term Borrowings [Abstract]
Federal Funds Sold Securities Borrowed or Purchased Under Agreements to Resell and Short Term Borrowings	The table below presents federal funds sold or purchased, securities financing agreements (which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase) and short-term borrowings. The Corporation elects to account for certain securities financing agreements and short-term borrowings under the fair value option. For more information on the fair value option, see Note 15 – Fair Value Option . Amount Rate Amount Rate Three Months Ended March 31 (Dollars in millions) 2020 2019 Federal funds sold and securities borrowed or purchased under agreements to resell Average during period $ 278,794 1.18 % $ 274,308 1.77 % Maximum month-end balance during period 301,969 n/a 280,562 n/a Federal funds purchased and securities loaned or sold under agreements to repurchase Average during period $ 199,539 1.60 % $ 200,154 2.44 % Maximum month-end balance during period 206,493 n/a 200,486 n/a Short-term borrowings Average during period 26,430 1.62 15,432 2.95 Maximum month-end balance during period 30,118 n/a 14,848 n/a n/a = not applicable
Offsetting Assets [Line Items]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. For more information on collateral requirements, see Note 11 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) March 31, 2020 Securities sold under agreements to repurchase $ 142,680 $ 104,485 $ 29,017 $ 33,127 $ 309,309 Securities loaned 16,658 523 779 2,171 20,131 Other 6,618 — — — 6,618 Total $ 165,956 $ 105,008 $ 29,796 $ 35,298 $ 336,058 December 31, 2019 Securities sold under agreements to repurchase $ 129,455 $ 122,685 $ 25,322 $ 21,922 $ 299,384 Securities loaned 18,766 3,329 1,241 2,049 25,385 Other 15,346 — — — 15,346 Total $ 163,567 $ 126,014 $ 26,563 $ 23,971 $ 340,115 (1) No agreements have maturities greater than three years . Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Loaned Other Total (Dollars in millions) March 31, 2020 U.S. government and agency securities $ 174,900 $ — $ — $ 174,900 Corporate securities, trading loans and other 10,801 2,394 241 13,436 Equity securities 11,252 15,872 6,324 33,448 Non-U.S. sovereign debt 107,565 1,865 53 109,483 Mortgage trading loans and ABS 4,791 — — 4,791 Total $ 309,309 $ 20,131 $ 6,618 $ 336,058 December 31, 2019 U.S. government and agency securities $ 173,533 $ 1 $ — $ 173,534 Corporate securities, trading loans and other 10,467 2,014 258 12,739 Equity securities 14,933 20,026 15,024 49,983 Non-U.S. sovereign debt 96,576 3,344 64 99,984 Mortgage trading loans and ABS 3,875 — — 3,875 Total $ 299,384 $ 25,385 $ 15,346 $ 340,115
Securities Loaned and Financial Assets Sold Under Agreements to Repurchase
Offsetting Liabilities [Line Items]
Offsetting Liabilities	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at March 31, 2020 and December 31, 2019 . Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives . Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) March 31, 2020 Securities borrowed or purchased under agreements to resell (3) $ 461,366 $ (159,397 ) $ 301,969 $ (266,713 ) $ 35,256 Securities loaned or sold under agreements to repurchase $ 329,440 $ (159,397 ) $ 170,043 $ (147,064 ) $ 22,979 Other (4) 6,618 — 6,618 (6,618 ) — Total $ 336,058 $ (159,397 ) $ 176,661 $ (153,682 ) $ 22,979 December 31, 2019 Securities borrowed or purchased under agreements to resell (3) $ 434,257 $ (159,660 ) $ 274,597 $ (244,486 ) $ 30,111 Securities loaned or sold under agreements to repurchase $ 324,769 $ (159,660 ) $ 165,109 $ (141,482 ) $ 23,627 Other (4) 15,346 — 15,346 (15,346 ) — Total $ 340,115 $ (159,660 ) $ 180,455 $ (156,828 ) $ 23,627 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $13.1 billion and $12.9 billion reported in loans and leases on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 . (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Securities Borrowed and Securities Purchased Under Agreements to Resell
Offsetting Assets [Line Items]
Offsetting Assets	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at March 31, 2020 and December 31, 2019 . Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives . Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) March 31, 2020 Securities borrowed or purchased under agreements to resell (3) $ 461,366 $ (159,397 ) $ 301,969 $ (266,713 ) $ 35,256 Securities loaned or sold under agreements to repurchase $ 329,440 $ (159,397 ) $ 170,043 $ (147,064 ) $ 22,979 Other (4) 6,618 — 6,618 (6,618 ) — Total $ 336,058 $ (159,397 ) $ 176,661 $ (153,682 ) $ 22,979 December 31, 2019 Securities borrowed or purchased under agreements to resell (3) $ 434,257 $ (159,660 ) $ 274,597 $ (244,486 ) $ 30,111 Securities loaned or sold under agreements to repurchase $ 324,769 $ (159,660 ) $ 165,109 $ (141,482 ) $ 23,627 Other (4) 15,346 — 15,346 (15,346 ) — Total $ 340,115 $ (159,660 ) $ 180,455 $ (156,828 ) $ 23,627 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $13.1 billion and $12.9 billion reported in loans and leases on the Consolidated Balance Sheet at March 31, 2020 and December 31, 2019 . (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit Extension Commitment Expirations	The table below includes the notional amount of commitments of $3.8 billion and $4.4 billion at March 31, 2020 and December 31, 2019 that are accounted for under the fair value option. However, the table excludes cumulative net fair value of $207 million and $90 million at March 31, 2020 and December 31, 2019 on these commitments, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option . Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Five Years Expire After Five Years Total (Dollars in millions) March 31, 2020 Notional amount of credit extension commitments Loan commitments (1) $ 91,682 $ 126,412 $ 142,815 $ 17,232 $ 378,141 Home equity lines of credit 948 2,085 7,109 33,530 43,672 Standby letters of credit and financial guarantees (2) 23,695 9,201 3,346 375 36,617 Letters of credit (3) 978 147 58 53 1,236 Legally binding commitments 117,303 137,845 153,328 51,190 459,666 Credit card lines (4) 385,893 — — — 385,893 Total credit extension commitments $ 503,196 $ 137,845 $ 153,328 $ 51,190 $ 845,559 December 31, 2019 Notional amount of credit extension commitments Loan commitments (1) $ 97,454 $ 148,000 $ 173,699 $ 24,487 $ 443,640 Home equity lines of credit 1,137 1,948 6,351 34,134 43,570 Standby letters of credit and financial guarantees (2) 21,311 11,512 3,712 408 36,943 Letters of credit (3) 1,156 254 65 25 1,500 Legally binding commitments 121,058 161,714 183,827 59,054 525,653 Credit card lines (4) 376,067 — — — 376,067 Total credit extension commitments $ 497,125 $ 161,714 $ 183,827 $ 59,054 $ 901,720 (1) At March 31, 2020 and December 31, 2019 , $4.4 billion and $5.1 billion of these loan commitments are held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $27.2 billion and $9 billion at March 31, 2020 , and $27.9 billion and $8.6 billion at December 31, 2019 . Amounts in the table include consumer SBLCs of $439 million and $413 million at March 31, 2020 and December 31, 2019 . (3) At March 31, 2020 and December 31, 2019 , included are letters of credit of $1.7 billion and $1.4 billion related to certain liquidity commitments of VIEs. For more information, see Note 6 – Securitizations and Other Variable Interest Entities . (4) Includes business card unused lines of credit.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of Dividends	Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share April 22, 2020 June 5, 2020 June 26, 2020 $ 0.18 January 29, 2020 March 6, 2020 March 27, 2020 0.18 (1) In 2020 , and through May 1, 2020 .

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Calculation of earnings per common share and diluted earnings per common share	The calculation of earnings per common share (EPS) and diluted EPS for the three months ended March 31, 2020 and 2019 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . Three Months Ended March 31 (In millions, except per share information) 2020 2019 Earnings per common share Net income $ 4,010 $ 7,311 Preferred stock dividends (469 ) (442 ) Net income applicable to common shareholders $ 3,541 $ 6,869 Average common shares issued and outstanding 8,815.6 9,725.9 Earnings per common share $ 0.40 $ 0.71 Diluted earnings per common share Net income applicable to common shareholders $ 3,541 $ 6,869 Average common shares issued and outstanding 8,815.6 9,725.9 Dilutive potential common shares (1) 47.1 61.4 Total diluted average common shares issued and outstanding 8,862.7 9,787.3 Diluted earnings per common share $ 0.40 $ 0.70 (1) Includes incremental dilutive shares from RSUs, restricted stock and warrants.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of Accumulated OCI	The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2020 and 2019 . (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2018 $ (5,552 ) $ (531 ) $ (1,016 ) $ (4,304 ) $ (808 ) $ (12,211 ) Net change 2,309 (363 ) 229 28 (34 ) 2,169 Balance, March 31, 2019 $ (3,243 ) $ (894 ) $ (787 ) $ (4,276 ) $ (842 ) $ (10,042 ) Balance, December 31, 2019 $ 323 $ (1,494 ) $ (400 ) $ (4,168 ) $ (894 ) $ (6,633 ) Net change 4,795 1,346 417 43 (88 ) 6,513 Balance, March 31, 2020 $ 5,118 $ (148 ) $ 17 $ (4,125 ) $ (982 ) $ (120 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the three months ended March 31, 2020 and 2019 . Pretax Tax effect After- tax Pretax Tax effect After- tax Three Months Ended March 31 (Dollars in millions) 2020 2019 Debt securities: Net increase in fair value $ 6,701 $ (1,670 ) $ 5,031 $ 3,075 $ (763 ) $ 2,312 Net realized (gains) reclassified into earnings (1) (315 ) 79 (236 ) (4 ) 1 (3 ) Net change 6,386 (1,591 ) 4,795 3,071 (762 ) 2,309 Debit valuation adjustments: Net increase (decrease) in fair value 1,751 (408 ) 1,343 (475 ) 110 (365 ) Net realized losses reclassified into earnings (1) 4 (1 ) 3 3 (1 ) 2 Net change 1,755 (409 ) 1,346 (472 ) 109 (363 ) Derivatives: Net increase in fair value 520 (125 ) 395 264 (52 ) 212 Reclassifications into earnings: Net interest income 29 (7 ) 22 23 (6 ) 17 Net realized losses reclassified into earnings 29 (7 ) 22 23 (6 ) 17 Net change 549 (132 ) 417 287 (58 ) 229 Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 57 (14 ) 43 35 (7 ) 28 Net change 57 (14 ) 43 35 (7 ) 28 Foreign currency: Net (decrease) in fair value 228 (316 ) (88 ) 5 (39 ) (34 ) Net change 228 (316 ) (88 ) 5 (39 ) (34 ) Total other comprehensive income (loss) $ 8,975 $ (2,462 ) $ 6,513 $ 2,926 $ (757 ) $ 2,169 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Assets and Liabilities Carried at Fair Value on a Recurring Basis	Assets and liabilities carried at fair value on a recurring basis at March 31, 2020 and December 31, 2019 , including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. March 31, 2020 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,084 $ — $ — $ — $ 1,084 Federal funds sold and securities borrowed or purchased under agreements to resell — 49,033 — — 49,033 Trading account assets: U.S. Treasury and agency securities 37,646 4,172 — — 41,818 Corporate securities, trading loans and other — 27,504 1,640 — 29,144 Equity securities 41,486 25,454 249 — 67,189 Non-U.S. sovereign debt 7,871 22,653 250 — 30,774 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed (2) — 14,605 — — 14,605 Mortgage trading loans, ABS and other MBS — 8,060 1,733 — 9,793 Total trading account assets (3) 87,003 102,448 3,872 — 193,323 Derivative assets 26,134 498,231 1,856 (468,567 ) 57,654 AFS debt securities: U.S. Treasury and agency securities 67,763 933 — — 68,696 Mortgage-backed securities: Agency — 79,461 — — 79,461 Agency-collateralized mortgage obligations — 4,551 — — 4,551 Non-agency residential — 408 524 — 932 Commercial — 15,602 — — 15,602 Non-U.S. securities 1 12,245 1 — 12,247 Other taxable securities — 5,824 68 — 5,892 Tax-exempt securities — 18,740 100 — 18,840 Total AFS debt securities 67,764 137,764 693 — 206,221 Other debt securities carried at fair value: U.S. Treasury and agency securities 4 — — — 4 Agency MBS — 6,089 — — 6,089 Non-agency residential MBS — 853 269 — 1,122 Non-U.S. and other securities 3,685 3,983 — — 7,668 Total other debt securities carried at fair value 3,689 10,925 269 — 14,883 Loans and leases — 8,458 558 — 9,016 Loans held-for-sale — 2,532 1,077 — 3,609 Other assets (4) 3,864 965 1,960 — 6,789 Total assets (5) $ 189,538 $ 810,356 $ 10,285 $ (468,567 ) $ 541,612 Liabilities Interest-bearing deposits in U.S. offices $ — $ 589 $ — $ — $ 589 Federal funds purchased and securities loaned or sold under agreements to repurchase — 17,192 — — 17,192 Trading account liabilities: U.S. Treasury and agency securities 12,276 401 — — 12,677 Equity securities 36,692 5,462 1 — 42,155 Non-U.S. sovereign debt 7,026 9,834 — — 16,860 Corporate securities and other — 5,439 20 — 5,459 Total trading account liabilities 55,994 21,136 21 — 77,151 Derivative liabilities 25,638 480,153 4,765 (455,898 ) 54,658 Short-term borrowings — 3,020 — — 3,020 Accrued expenses and other liabilities 5,541 1,284 — — 6,825 Long-term debt — 31,442 721 — 32,163 Total liabilities (5) $ 87,173 $ 554,816 $ 5,507 $ (455,898 ) $ 191,598 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes $16.0 billion of GSE obligations. (3) Includes securities with a fair value of $11.0 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. (4) Includes MSRs of $1.2 billion which are classified as Level 3 assets. (5) Total recurring Level 3 assets were 0.39 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.23 percent of total consolidated liabilities. December 31, 2019 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,000 $ — $ — $ — $ 1,000 Federal funds sold and securities borrowed or purchased under agreements to resell — 50,364 — — 50,364 Trading account assets: U.S. Treasury and agency securities 49,517 4,157 — — 53,674 Corporate securities, trading loans and other — 25,226 1,507 — 26,733 Equity securities 53,597 32,619 239 — 86,455 Non-U.S. sovereign debt 3,965 23,854 482 — 28,301 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed (2) — 24,324 — — 24,324 Mortgage trading loans, ABS and other MBS — 8,786 1,553 — 10,339 Total trading account assets (3) 107,079 118,966 3,781 — 229,826 Derivative assets 14,079 328,442 2,226 (304,262 ) 40,485 AFS debt securities: U.S. Treasury and agency securities 67,332 1,196 — — 68,528 Mortgage-backed securities: Agency — 122,528 — — 122,528 Agency-collateralized mortgage obligations — 4,641 — — 4,641 Non-agency residential — 653 424 — 1,077 Commercial — 15,021 — — 15,021 Non-U.S. securities — 11,989 2 — 11,991 Other taxable securities — 3,876 65 — 3,941 Tax-exempt securities — 17,804 108 — 17,912 Total AFS debt securities 67,332 177,708 599 — 245,639 Other debt securities carried at fair value: U.S. Treasury and agency securities 3 — — — 3 Agency MBS — 3,003 — — 3,003 Non-agency residential MBS — 1,035 299 — 1,334 Non-U.S. and other securities 400 6,088 — — 6,488 Total other debt securities carried at fair value 403 10,126 299 — 10,828 Loans and leases — 7,642 693 — 8,335 Loans held-for-sale — 3,334 375 — 3,709 Other assets (4) 11,782 1,376 2,360 — 15,518 Total assets (5) $ 201,675 $ 697,958 $ 10,333 $ (304,262 ) $ 605,704 Liabilities Interest-bearing deposits in U.S. offices $ — $ 508 $ — $ — $ 508 Federal funds purchased and securities loaned or sold under agreements to repurchase — 16,008 — — 16,008 Trading account liabilities: U.S. Treasury and agency securities 13,140 282 — — 13,422 Equity securities 38,148 4,144 2 — 42,294 Non-U.S. sovereign debt 10,751 11,310 — — 22,061 Corporate securities and other — 5,478 15 — 5,493 Total trading account liabilities 62,039 21,214 17 — 83,270 Derivative liabilities 11,904 320,479 4,764 (298,918 ) 38,229 Short-term borrowings — 3,941 — — 3,941 Accrued expenses and other liabilities 13,927 1,507 — — 15,434 Long-term debt — 33,826 1,149 — 34,975 Total liabilities (5) $ 87,870 $ 397,483 $ 5,930 $ (298,918 ) $ 192,365 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes $26.7 billion of GSE obligations. (3) Includes securities with a fair value of $14.7 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. (4) Includes MSRs of $1.5 billion which are classified as Level 3 assets. (5) Total recurring Level 3 assets were 0.42 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.27 percent of total consolidated liabilities.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2020 and 2019 , including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance January 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Level 3 Gross Level 3 Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended March 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (103 ) $ (1 ) $ 216 $ (90 ) $ 8 $ (32 ) $ 237 $ (102 ) $ 1,640 $ (108 ) Equity securities 239 (26 ) — 26 (11 ) — — 25 (4 ) 249 (27 ) Non-U.S. sovereign debt 482 2 (53 ) 73 (48 ) — (10 ) 17 (213 ) 250 3 Mortgage trading loans, ABS and other MBS 1,553 (125 ) (2 ) 362 (245 ) — (19 ) 233 (24 ) 1,733 (129 ) Total trading account assets 3,781 (252 ) (56 ) 677 (394 ) 8 (61 ) 512 (343 ) 3,872 (261 ) Net derivative assets (liabilities) (4) (2,538 ) 346 — 40 (148 ) — 12 (528 ) (93 ) (2,909 ) 279 AFS debt securities: Non-agency residential MBS 424 (3 ) (13 ) — — — (12 ) 128 — 524 — Non-U.S. securities 2 — — — (1 ) — — — — 1 — Other taxable securities 65 — — 3 — — — — — 68 — Tax-exempt securities 108 (10 ) 2 — — — — — — 100 — Total AFS debt securities 599 (13 ) (11 ) 3 (1 ) — (12 ) 128 — 693 — Other debt securities carried at fair value – Non-agency residential MBS 299 (49 ) — — — — (4 ) 26 (3 ) 269 (49 ) Loans and leases (5,6) 693 (119 ) — — — — (16 ) — — 558 (107 ) Loans held-for-sale (5,6) 375 (9 ) (28 ) — — 691 (45 ) 93 — 1,077 (15 ) Other assets (6,7) 2,360 (251 ) (30 ) — 1 20 (142 ) 2 — 1,960 (287 ) Trading account liabilities – Equity securities (2 ) 1 — — — — — — — (1 ) 1 Trading account liabilities – Corporate securities and other (15 ) 1 — (6 ) — — — — — (20 ) 1 Long-term debt (5) (1,149 ) 127 187 8 — (13 ) 141 (23 ) 1 (721 ) 126 Three Months Ended March 31, 2019 Trading account assets: Corporate securities, trading loans and other $ 1,558 $ 3 $ — $ 54 $ (73 ) $ — $ (60 ) $ 139 $ (193 ) $ 1,428 $ (8 ) Equity securities 276 2 — 18 (1 ) — (3 ) 2 (6 ) 288 2 Non-U.S. sovereign debt 465 8 (1 ) — — — — — — 472 8 Mortgage trading loans, ABS and other MBS 1,635 38 (1 ) 230 (337 ) — (9 ) 89 (135 ) 1,510 27 Total trading account assets 3,934 51 (2 ) 302 (411 ) — (72 ) 230 (334 ) 3,698 29 Net derivative assets (liabilities) (4) (935 ) (25 ) — 111 (245 ) — (55 ) 122 9 (1,018 ) (25 ) AFS debt securities: Non-agency residential MBS 597 — 93 — — — (7 ) 159 (261 ) 581 — Non-U.S. securities 2 — — — — — — — — 2 — Other taxable securities 7 — — — — — (4 ) — — 3 — Total AFS debt securities 606 — 93 — — — (11 ) 159 (261 ) 586 — Other debt securities carried at fair value – Non-agency residential MBS 172 47 — — — — (1 ) 38 (32 ) 224 47 Loans and leases (5,6) 338 4 — — (15 ) — (10 ) — — 317 4 Loans held-for-sale (5,6) 542 12 (2 ) 10 (21 ) 11 (53 ) 59 — 558 4 Other assets (6,7) 2,932 (74 ) 8 — — 41 (158 ) — — 2,749 (128 ) Trading account liabilities – Corporate securities and other (18 ) — — — (3 ) — — — — (21 ) — Long-term debt (5) (817 ) (46 ) (1 ) — — (3 ) 38 (61 ) — (890 ) (46 ) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; Other debt securities carried at fair value - other income; Loans and leases - predominantly other income; Loans held-for-sale - other income; Other assets - primarily other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized gains of $67 million and $96 million related to financial instruments still held at March 31, 2020 and 2019 . (4) Net derivative assets (liabilities) include derivative assets of $1.9 billion and $3.5 billion and derivative liabilities of $4.8 billion and $4.5 billion at March 31, 2020 and 2019 . (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2020 and 2019 , including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance January 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Level 3 Gross Level 3 Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended March 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (103 ) $ (1 ) $ 216 $ (90 ) $ 8 $ (32 ) $ 237 $ (102 ) $ 1,640 $ (108 ) Equity securities 239 (26 ) — 26 (11 ) — — 25 (4 ) 249 (27 ) Non-U.S. sovereign debt 482 2 (53 ) 73 (48 ) — (10 ) 17 (213 ) 250 3 Mortgage trading loans, ABS and other MBS 1,553 (125 ) (2 ) 362 (245 ) — (19 ) 233 (24 ) 1,733 (129 ) Total trading account assets 3,781 (252 ) (56 ) 677 (394 ) 8 (61 ) 512 (343 ) 3,872 (261 ) Net derivative assets (liabilities) (4) (2,538 ) 346 — 40 (148 ) — 12 (528 ) (93 ) (2,909 ) 279 AFS debt securities: Non-agency residential MBS 424 (3 ) (13 ) — — — (12 ) 128 — 524 — Non-U.S. securities 2 — — — (1 ) — — — — 1 — Other taxable securities 65 — — 3 — — — — — 68 — Tax-exempt securities 108 (10 ) 2 — — — — — — 100 — Total AFS debt securities 599 (13 ) (11 ) 3 (1 ) — (12 ) 128 — 693 — Other debt securities carried at fair value – Non-agency residential MBS 299 (49 ) — — — — (4 ) 26 (3 ) 269 (49 ) Loans and leases (5,6) 693 (119 ) — — — — (16 ) — — 558 (107 ) Loans held-for-sale (5,6) 375 (9 ) (28 ) — — 691 (45 ) 93 — 1,077 (15 ) Other assets (6,7) 2,360 (251 ) (30 ) — 1 20 (142 ) 2 — 1,960 (287 ) Trading account liabilities – Equity securities (2 ) 1 — — — — — — — (1 ) 1 Trading account liabilities – Corporate securities and other (15 ) 1 — (6 ) — — — — — (20 ) 1 Long-term debt (5) (1,149 ) 127 187 8 — (13 ) 141 (23 ) 1 (721 ) 126 Three Months Ended March 31, 2019 Trading account assets: Corporate securities, trading loans and other $ 1,558 $ 3 $ — $ 54 $ (73 ) $ — $ (60 ) $ 139 $ (193 ) $ 1,428 $ (8 ) Equity securities 276 2 — 18 (1 ) — (3 ) 2 (6 ) 288 2 Non-U.S. sovereign debt 465 8 (1 ) — — — — — — 472 8 Mortgage trading loans, ABS and other MBS 1,635 38 (1 ) 230 (337 ) — (9 ) 89 (135 ) 1,510 27 Total trading account assets 3,934 51 (2 ) 302 (411 ) — (72 ) 230 (334 ) 3,698 29 Net derivative assets (liabilities) (4) (935 ) (25 ) — 111 (245 ) — (55 ) 122 9 (1,018 ) (25 ) AFS debt securities: Non-agency residential MBS 597 — 93 — — — (7 ) 159 (261 ) 581 — Non-U.S. securities 2 — — — — — — — — 2 — Other taxable securities 7 — — — — — (4 ) — — 3 — Total AFS debt securities 606 — 93 — — — (11 ) 159 (261 ) 586 — Other debt securities carried at fair value – Non-agency residential MBS 172 47 — — — — (1 ) 38 (32 ) 224 47 Loans and leases (5,6) 338 4 — — (15 ) — (10 ) — — 317 4 Loans held-for-sale (5,6) 542 12 (2 ) 10 (21 ) 11 (53 ) 59 — 558 4 Other assets (6,7) 2,932 (74 ) 8 — — 41 (158 ) — — 2,749 (128 ) Trading account liabilities – Corporate securities and other (18 ) — — — (3 ) — — — — (21 ) — Long-term debt (5) (817 ) (46 ) (1 ) — — (3 ) 38 (61 ) — (890 ) (46 ) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; Other debt securities carried at fair value - other income; Loans and leases - predominantly other income; Loans held-for-sale - other income; Other assets - primarily other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized gains of $67 million and $96 million related to financial instruments still held at March 31, 2020 and 2019 . (4) Net derivative assets (liabilities) include derivative assets of $1.9 billion and $3.5 billion and derivative liabilities of $4.8 billion and $4.5 billion at March 31, 2020 and 2019 . (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value Measurement Inputs and Valuation Techniques	The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at March 31, 2020 and December 31, 2019 . Quantitative Information about Level 3 Fair Value Measurements at March 31, 2020 (Dollars in millions) Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,567 Discounted cash flow, Market comparables Yield 0% to 25% 7% Trading account assets – Mortgage trading loans, ABS and other MBS 456 Prepayment speed 1% to 32% CPR 21% CPR Loans and leases 253 Default rate 0% to 3% CDR 1% CDR Loans held-for-sale 1 Loss severity 0% to 47% 14% AFS debt securities, primarily non-agency residential 525 Price $0 to $160 $98 AFS debt securities – Other taxable securities 63 Other debt securities carried at fair value - Non-agency residential 269 Instruments backed by commercial real estate assets $ 1,224 Discounted cash flow Yield 0% to 25% 3% Trading account assets – Corporate securities, trading loans and other 250 Price $0 to $103 $60 Trading account assets – Mortgage trading loans, ABS and other MBS 172 Loans held-for-sale 802 Commercial loans, debt securities and other $ 3,429 Discounted cash flow, Market comparables Yield 1% to 25% 7% Trading account assets – Corporate securities, trading loans and other 1,390 Prepayment speed 10% to 20% 15% Trading account assets – Non-U.S. sovereign debt 250 Default rate 3% to 4% 4% Trading account assets – Mortgage trading loans, ABS and other MBS 1,105 Loss severity 35% to 40% 38% AFS debt securities – Other taxable securities 5 Price $0 to $142 $68 AFS debt securities – Tax-exempt securities 100 Long-dated equity volatilities 78% n/a Loans and leases 305 Loans held-for-sale 274 Other assets, primarily auction rate securities $ 796 Discounted cash flow, Market comparables Price $10 to $99 $95 MSRs $ 1,164 Discounted cash flow Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 9 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9% Option-adjusted spread, variable rate 9% to 15% 11% Structured liabilities Long-term debt $ (721 ) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 2% to 7% 7% Equity correlation 6% to 100% 68% Long-dated equity volatilities 12% to 290% 34% Price $0 to $115 $74 Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Net derivative assets (liabilities) Credit derivatives $ (12 ) Discounted cash flow, Stochastic recovery correlation model Yield 5% n/a Upfront points 0 to 100 points 74 points Prepayment speed 15% to 100% CPR 26% CPR Default rate 2% CDR n/a Price $0 to $122 $41 Equity derivatives $ (1,007 ) Industry standard derivative pricing (3) Equity correlation 6% to 100% 68% Long-dated equity volatilities 12% to 290% 34% Commodity derivatives $ (1,725 ) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $5/MMBtu $2/MMBtu Correlation 54% to 73% 73% Volatilities 16% to 293% 119% Interest rate derivatives $ (165 ) Industry standard derivative pricing (4) Correlation (IR/IR) 15% to 94% 43% Correlation (FX/IR) 0% to 46% 2% Long-dated inflation rates -28% to 59% 15% Long-dated inflation volatilities 0% to 1% 1% Total net derivative assets (liabilities) $ (2,909 ) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 84 : Trading account assets – Corporate securities, trading loans and other of $1.6 billion , Trading account assets – Non-U.S. sovereign debt of $250 million , Trading account assets – Mortgage trading loans, ABS and other MBS of $1.7 billion , AFS debt securities of $693 million , Other debt securities carried at fair value - Non-agency residential of $269 million , Other assets, including MSRs, of $2.0 billion , Loans and leases of $558 million and LHFS of $1.1 billion . (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,407 Discounted cash flow, Market comparables Yield 0% to 25% 6% Trading account assets – Mortgage trading loans, ABS and other MBS 332 Prepayment speed 1% to 27% CPR 17% CPR Loans and leases 281 Default rate 0% to 3% CDR 1% CDR Loans held-for-sale 4 Loss severity 0% to 47% 14% AFS debt securities, primarily non-agency residential 491 Price $0 to $160 $94 Other debt securities carried at fair value - Non-agency residential 299 Instruments backed by commercial real estate assets $ 303 Discounted cash flow Yield 0% to 30% 14% Trading account assets – Corporate securities, trading loans and other 201 Price $0 to $100 $55 Trading account assets – Mortgage trading loans, ABS and other MBS 85 Loans held-for-sale 17 Commercial loans, debt securities and other $ 3,798 Discounted cash flow, Market comparables Yield 1% to 20% 6% Trading account assets – Corporate securities, trading loans and other 1,306 Prepayment speed 10% to 20% 13% Trading account assets – Non-U.S. sovereign debt 482 Default rate 3% to 4% 4% Trading account assets – Mortgage trading loans, ABS and other MBS 1,136 Loss severity 35% to 40% 38% AFS debt securities – Tax-exempt securities 108 Price $0 to $142 $72 Loans and leases 412 Long-dated equity volatilities 35% n/a Loans held-for-sale 354 Other assets, primarily auction rate securities $ 815 Discounted cash flow, Market comparables Price $10 to $100 $96 MSRs $ 1,545 Discounted cash flow Weighted-average life, fixed rate (5) 0 to 14 years 5 years Weighted-average life, variable rate (5) 0 to 9 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9% Option-adjusted spread, variable rate 9% to 15% 11% Structured liabilities Long-term debt $ (1,149 ) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 2% to 6% 5% Equity correlation 9% to 100% 63% Long-dated equity volatilities 4% to 101% 32% Price $0 to $116 $74 Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Net derivative assets (liabilities) Credit derivatives $ 13 Discounted cash flow, Stochastic recovery correlation model Yield 5% n/a Upfront points 0 to 100 points 63 points Prepayment speed 15% to 100% CPR 22% CPR Default rate 1% to 4% CDR 2% CDR Loss severity 35% n/a Price $0 to $104 $73 Equity derivatives $ (1,081 ) Industry standard derivative pricing (3) Equity correlation 9% to 100% 63% Long-dated equity volatilities 4% to 101% 32% Commodity derivatives $ (1,357 ) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $5/MMBtu $3/MMBtu Correlation 30% to 69% 68% Volatilities 14% to 54% 27% Interest rate derivatives $ (113 ) Industry standard derivative pricing (4) Correlation (IR/IR) 15% to 94% 52% Correlation (FX/IR) 0% to 46% 2% Long-dated inflation rates -23% to 56% 16% Long-dated inflation volatilities 0% to 1% 1% Total net derivative assets (liabilities) $ (2,538 ) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 85 : Trading account assets – Corporate securities, trading loans and other of $1.5 billion , Trading account assets – Non-U.S. sovereign debt of $482 million , Trading account assets – Mortgage trading loans, ABS and other MBS of $1.6 billion , AFS debt securities of $599 million , Other debt securities carried at fair value - Non-agency residential of $299 million , Other assets, including MSRs, of $2.4 billion , Loans and leases of $693 million and LHFS of $375 million . (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable
Fair Value Measurements, Nonrecurring	The amounts below represent assets still held as of the reporting date for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2020 and 2019. Assets Measured at Fair Value on a Nonrecurring Basis March 31, 2020 Three Months Ended March 31, 2020 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 1,017 $ 628 $ (78 ) Loans and leases (1) — 117 (27 ) Foreclosed properties (2, 3) — 15 (6 ) Other assets 27 24 (2 ) March 31, 2019 Three Months Ended March 31, 2019 Assets Loans held-for-sale $ 55 $ — $ (1 ) Loans and leases (1) — 120 (40 ) Foreclosed properties (2, 3) — 40 (13 ) Other assets 61 6 (11 ) (1) Includes $12 million and $18 million of losses on loans that were written down to a collateral value of zero during the three months ended March 31, 2020 and 2019 . (2) Amounts are included in other assets on the Consolidated Balance Sheet and represent the carrying value of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. Losses on foreclosed properties include losses recorded during the first 90 days after transfer of a loan to foreclosed properties. (3) Excludes $224 million and $400 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at March 31, 2020 and 2019 .
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The table below presents information about significant unobservable inputs at March 31, 2020 and December 31, 2019 . Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average (1) (Dollars in millions) March 31, 2020 Loans held-for-sale $ 628 Discounted cash flow Price $9 to $99 $95 Loans and leases (2) 117 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % December 31, 2019 Loans held-for-sale $ 102 Discounted cash flow Price $85 to $97 $88 Loans and leases (2) 257 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % Other assets (3) 640 Discounted cash flow Customer attrition 0% to 19% 5 % Costs to service 11% to 19% 15 % (1) The weighted average is calculated based upon the fair value of the loans. (2) Represents residential mortgages where the loan has been written down to the fair value of the underlying collateral. (3) Reflects the measurement of the Corporation’s merchant services equity method investment on which the Corporation recorded an impairment charge in 2019. For more information, see Note 13 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . The fair value of the merchant services joint venture was measured using a discounted cash flow method in which the two primary drivers of fair value were the customer attrition rate and certain costs to service the customers. The weighted averages are calculated based on variations of the attrition rates and costs to service the customers.

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value Option Elections	The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at March 31, 2020 and December 31, 2019 , and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for the three months ended March 31, 2020 and 2019 . Fair Value Option Elections March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value Carrying Amount Contractual Principal Outstanding Fair Value Carrying Amount Less Unpaid Principal Fair Value Carrying Amount Contractual Principal Outstanding Fair Value Carrying Amount Less Unpaid Principal Federal funds sold and securities borrowed or purchased under agreements to resell $ 49,033 $ 49,016 $ 17 $ 50,364 $ 50,318 $ 46 Loans reported as trading account assets (1) 7,652 16,542 (8,890 ) 6,989 14,703 (7,714 ) Trading inventory – other 16,780 n/a n/a 19,574 n/a n/a Consumer and commercial loans 9,016 9,358 (342 ) 8,335 8,372 (37 ) Loans held-for-sale (1) 3,609 4,564 (955 ) 3,709 4,879 (1,170 ) Other assets 4 n/a n/a 4 n/a n/a Long-term deposits 589 541 48 508 496 12 Federal funds purchased and securities loaned or sold under agreements to repurchase 17,192 17,184 8 16,008 16,029 (21 ) Short-term borrowings 3,020 3,265 (245 ) 3,941 3,930 11 Unfunded loan commitments 207 n/a n/a 90 n/a n/a Long-term debt (2) 32,163 35,714 (3,551 ) 34,975 35,730 (755 ) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. (2) Includes structured liabilities with a fair value of $31.8 billion and $34.6 billion at March 31, 2020 and December 31, 2019 , and contractual principal outstanding of $35.3 billion at both periods. n/a = not applicable Gains (Losses) Relating to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended March 31 2020 2019 (Dollars in millions) Market making and similar activities Other Income Total Market making and similar activities Other Income Total Loans reported as trading account assets $ (387 ) $ — $ (387 ) $ 91 $ — $ 91 Trading inventory – other (1) (2,793 ) — (2,793 ) 2,544 — 2,544 Consumer and commercial loans (83 ) (358 ) (441 ) 1 18 19 Short-term borrowings 517 — 517 — — — Unfunded loan commitments — (116 ) (116 ) — 63 63 Long-term debt (2) 916 (16 ) 900 (1,080 ) (23 ) (1,103 ) Other (3) 13 (51 ) (38 ) 11 23 34 Total $ (1,817 ) $ (541 ) $ (2,358 ) $ 1,567 $ 81 $ 1,648 (1) The gains in market making and similar activities are primarily offset by losses on trading liabilities that hedge these assets. (2) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 13 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 21 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K . (3) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, LHFS, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option Three Months Ended March 31 (Dollars in millions) 2020 2019 Loans reported as trading account assets $ (389 ) $ 12 Consumer and commercial loans (349 ) 19 Loans held-for-sale (74 ) 11 Unfunded loan commitments (116 ) 63

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Carrying and Fair Value of Financial Instruments	The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at March 31, 2020 and December 31, 2019 are presented in the following table. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) March 31, 2020 Financial assets Loans $ 1,011,597 $ 64,762 $ 975,625 $ 1,040,387 Loans held-for-sale 7,862 5,556 2,308 $ 7,864 Financial liabilities Deposits (1) 1,583,325 1,583,659 — 1,583,659 Long-term debt 256,712 248,324 721 249,045 Commercial unfunded lending commitments (2) 1,567 207 6,318 6,525 December 31, 2019 Financial assets Loans $ 950,093 $ 63,633 $ 914,597 $ 978,230 Loans held-for-sale 9,158 8,439 719 9,158 Financial liabilities Deposits (1) 1,434,803 1,434,809 — 1,434,809 Long-term debt 240,856 247,376 1,149 248,525 Commercial unfunded lending commitments (2) 903 90 4,777 4,867 (1) Includes demand deposits of $650.9 billion and $545.5 billion with no stated maturities at March 31, 2020 and December 31, 2019 . (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 10 – Commitments and Contingencies .

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three months ended March 31, 2020 and 2019 , and total assets at March 31, 2020 and 2019 for each business segment, as well as All Other , including a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. Results of Business Segments and All Other At and for the three months ended March 31 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2020 2019 2020 2019 2020 2019 Net interest income $ 12,274 $ 12,528 $ 6,862 $ 7,106 $ 1,571 $ 1,684 Noninterest income 10,637 10,629 2,267 2,526 3,365 3,136 Total revenue, net of interest expense 22,911 23,157 9,129 9,632 4,936 4,820 Provision for credit losses 4,761 1,013 2,258 974 189 5 Noninterest expense 13,475 13,224 4,495 4,367 3,600 3,434 Income before income taxes 4,675 8,920 2,376 4,291 1,147 1,381 Income tax expense 665 1,609 582 1,051 281 338 Net income $ 4,010 $ 7,311 $ 1,794 $ 3,240 $ 866 $ 1,043 Period-end total assets $ 2,619,954 $ 2,377,164 $ 837,522 $ 794,586 $ 323,866 $ 296,799 Global Banking Global Markets All Other 2020 2019 2020 2019 2020 2019 Net interest income $ 2,612 $ 2,790 $ 1,153 $ 953 $ 76 $ (5 ) Noninterest income 1,988 2,365 4,072 3,228 (1,055 ) (626 ) Total revenue, net of interest expense 4,600 5,155 5,225 4,181 (979 ) (631 ) Provision for credit losses 2,093 111 107 (23 ) 114 (54 ) Noninterest expense 2,321 2,266 2,813 2,755 246 402 Income before income taxes 186 2,778 2,305 1,449 (1,339 ) (979 ) Income tax expense 50 750 599 413 (847 ) (943 ) Net income $ 136 $ 2,028 $ 1,706 $ 1,036 $ (492 ) $ (36 ) Period-end total assets $ 562,529 $ 436,066 $ 654,735 $ 671,123 $ 241,302 $ 178,590 (1) There were no material intersegment revenues. The table below presents noninterest income and the components thereto for the three months ended March 31, 2020 and 2019 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Investment Management Three Months Ended March 31 (Dollars in millions) 2020 2019 2020 2019 2020 2019 Fees and commissions: Card income Interchange fees $ 792 $ 896 $ 644 $ 728 $ 8 $ 17 Other card income 480 479 466 469 9 9 Total card income 1,272 1,375 1,110 1,197 17 26 Service charges Deposit-related fees 1,627 1,580 995 1,020 17 18 Lending-related fees 276 259 — — — — Total service charges 1,903 1,839 995 1,020 17 18 Investment and brokerage services Asset management fees 2,682 2,440 37 35 2,652 2,414 Brokerage fees 1,076 920 33 38 470 428 Total investment and brokerage services 3,758 3,360 70 73 3,122 2,842 Investment banking fees Underwriting income 848 666 — — 115 80 Syndication fees 271 255 — — — — Financial advisory services 269 343 — — — — Total investment banking fees 1,388 1,264 — — 115 80 Total fees and commissions 8,321 7,838 2,175 2,290 3,271 2,966 Market making and similar activities 2,807 2,768 1 2 21 34 Other income (loss) (491 ) 23 91 234 73 136 Total noninterest income $ 10,637 $ 10,629 $ 2,267 $ 2,526 $ 3,365 $ 3,136 Global Banking Global Markets All Other (1) Three Months Ended March 31 2020 2019 2020 2019 2020 2019 Fees and commissions: Card income Interchange fees $ 119 $ 129 $ 21 $ 21 $ — $ 1 Other card income 4 2 — (1 ) 1 — Total card income 123 131 21 20 1 1 Service charges Deposit-related fees 572 498 35 38 8 6 Lending-related fees 224 215 52 44 — — Total service charges 796 713 87 82 8 6 Investment and brokerage services Asset management fees — — — — (7 ) (9 ) Brokerage fees 7 9 567 444 (1 ) 1 Total investment and brokerage services 7 9 567 444 (8 ) (8 ) Investment banking fees Underwriting income 369 279 455 368 (91 ) (61 ) Syndication fees 145 127 125 129 1 (1 ) Financial advisory services 247 303 22 40 — — Total investment banking fees 761 709 602 537 (90 ) (62 ) Total fees and commissions 1,687 1,562 1,277 1,083 (89 ) (63 ) Market making and similar activities 87 50 2,973 2,082 (275 ) 600 Other income (loss) 214 753 (178 ) 63 (691 ) (1,163 ) Total noninterest income $ 1,988 $ 2,365 $ 4,072 $ 3,228 $ (1,055 ) $ (626 ) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations Three Months Ended March 31 (Dollars in millions) 2020 2019 Segments’ total revenue, net of interest expense $ 23,890 $ 23,788 Adjustments (1) : ALM activities (85 ) 12 Liquidating businesses, eliminations and other 894 643 FTE basis adjustment (144 ) (153 ) Consolidated revenue, net of interest expense $ 22,767 $ 23,004 Segments’ total net income 4,502 7,347 Adjustments, net-of-tax (1) : ALM activities (77 ) 18 Liquidating businesses, eliminations and other (415 ) (54 ) Consolidated net income $ 4,010 $ 7,311 March 31 2020 2019 Segments’ total assets $ 2,378,652 $ 2,198,574 Adjustments (1) : ALM activities, including securities portfolio 840,187 671,751 Elimination of segment asset allocations to match liabilities (665,795 ) (566,812 ) Other 66,910 73,651 Consolidated total assets $ 2,619,954 $ 2,377,164 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Summary of Significant Accoun_3

Summary of Significant Accounting Principles - New Accounting Standards (Details)	Jan. 01, 2020USD ($)	Mar. 31, 2020USD ($)portfolio_segment	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses		$ 17,126,000,000		$ 10,379,000,000
Retained earnings		$ (155,866,000,000)	$ (156,319,000,000)
Number of portfolio segments | portfolio_segment		3
Expected credit losses		$ 0
ASU 2020-04
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle	$ 0
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle	(2,406,000,000)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 3,300,000,000
Loans and leases receivable, percentage increase in allowance	32.00%
Retained earnings	$ 2,400,000,000

Net Interest Income and Nonin_3

Net Interest Income and Noninterest Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Loans and leases	$ 9,963	$ 10,885
Debt securities	2,843	3,119
Federal funds sold and securities borrowed or purchased under agreements to resell	819	1,195
Trading account assets	1,247	1,322
Other interest income	1,226	1,649
Total interest income	16,098	18,170
Interest expense
Deposits	1,184	1,795
Short-term borrowings	1,120	1,852
Trading account liabilities	329	345
Long-term debt	1,335	1,803
Total interest expense	3,968	5,795
Net interest income	12,130	12,375
Noninterest income
Total fees and commissions	8,321	7,838
Market making and similar activities	2,807	2,768
Other income	(491)	23
Total noninterest income	10,637	10,629
Rewards, rebates and compensation expense	1,500	1,400
Card income
Noninterest income
Card income and service charges	1,272	1,375
Interchange fees
Noninterest income
Card income and service charges	792	896
Interchange fees, gross	2,300	2,300
Other card income
Noninterest income
Card income and service charges	480	479
Service charges
Noninterest income
Card income and service charges	1,903	1,839
Deposit-related fees
Noninterest income
Card income and service charges	1,627	1,580
Lending-related fees
Noninterest income
Card income and service charges	276	259
Investment and brokerage services
Noninterest income
Investment and brokerage services	3,758	3,360
Asset management fees
Noninterest income
Investment and brokerage services	2,682	2,440
Brokerage fees
Noninterest income
Investment and brokerage services	1,076	920
Total investment banking fees
Noninterest income
Investment banking fees	1,388	1,264
Underwriting income
Noninterest income
Investment banking fees	848	666
Syndication fees
Noninterest income
Investment banking fees	271	255
Financial advisory services
Noninterest income
Investment banking fees	$ 269	$ 343

Derivatives - Derivative Balanc

Derivatives - Derivative Balances (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Gross Derivative Assets
Gross Derivative Assets	$ 526,300	$ 344,800
Less: Legally enforceable master netting agreements	(415,200)	(270,400)
Less: Cash collateral received/paid	(53,400)	(33,900)
Derivative assets	57,654	40,485
Gross Derivative Liabilities
Gross Derivative Liabilities	510,600	337,100
Less: Legally enforceable master netting agreements	(415,200)	(270,400)
Less: Cash collateral received/paid	(40,700)	(28,500)
Derivative liabilities	54,658	38,229
Interest Rate Swap
Maximum Payout/Notional
Contract/Notional	19,058,400	15,074,400
Gross Derivative Assets
Gross Derivative Assets	220,600	171,700
Gross Derivative Liabilities
Gross Derivative Liabilities	217,700	168,900
Interest Rate Futures and Forwards
Maximum Payout/Notional
Contract/Notional	6,585,600	3,279,800
Gross Derivative Assets
Gross Derivative Assets	13,400	1,000
Gross Derivative Liabilities
Gross Derivative Liabilities	13,000	1,000
Interest Rate Options | Written options
Maximum Payout/Notional
Contract/Notional	1,782,900	1,767,700
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	56,300	32,500
Interest Rate Options | Purchased options
Maximum Payout/Notional
Contract/Notional	1,768,800	1,673,600
Gross Derivative Assets
Gross Derivative Assets	60,600	37,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Foreign Exchange Swaps
Maximum Payout/Notional
Contract/Notional	1,617,000	1,657,700
Gross Derivative Assets
Gross Derivative Assets	49,100	31,000
Gross Derivative Liabilities
Gross Derivative Liabilities	55,100	32,600
Foreign Exchange Spot, Futures, and Forwards
Maximum Payout/Notional
Contract/Notional	4,566,200	3,792,700
Gross Derivative Assets
Gross Derivative Assets	69,500	36,000
Gross Derivative Liabilities
Gross Derivative Liabilities	67,000	39,000
Foreign Exchange Options | Written options
Maximum Payout/Notional
Contract/Notional	314,100	274,300
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	6,800	3,800
Foreign Exchange Options | Purchased options
Maximum Payout/Notional
Contract/Notional	309,600	261,600
Gross Derivative Assets
Gross Derivative Assets	7,500	4,000
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Equity Swaps
Maximum Payout/Notional
Contract/Notional	241,800	315,000
Gross Derivative Assets
Gross Derivative Assets	22,000	6,500
Gross Derivative Liabilities
Gross Derivative Liabilities	19,800	8,100
Equity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	95,800	125,100
Gross Derivative Assets
Gross Derivative Assets	1,300	300
Gross Derivative Liabilities
Gross Derivative Liabilities	400	1,100
Equity Options | Written options
Maximum Payout/Notional
Contract/Notional	601,700	731,100
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	50,000	34,600
Equity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	576,100	668,600
Gross Derivative Assets
Gross Derivative Assets	56,400	42,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Commodity Swaps
Maximum Payout/Notional
Contract/Notional	41,300	42,000
Gross Derivative Assets
Gross Derivative Assets	5,900	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	6,300	4,400
Commodity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	48,200	61,300
Gross Derivative Assets
Gross Derivative Assets	1,900	1,700
Gross Derivative Liabilities
Gross Derivative Liabilities	600	400
Commodity Options | Written options
Maximum Payout/Notional
Contract/Notional	33,000	33,200
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	5,600	1,400
Commodity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	37,000	37,900
Gross Derivative Assets
Gross Derivative Assets	5,200	1,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Credit Default Swap | Purchased credit derivatives
Maximum Payout/Notional
Contract/Notional	354,200	321,600
Gross Derivative Assets
Gross Derivative Assets	8,100	2,700
Gross Derivative Liabilities
Gross Derivative Liabilities	2,100	5,600
Credit Default Swap | Written credit derivatives
Maximum Payout/Notional
Contract/Notional	331,977	300,218
Gross Derivative Assets
Gross Derivative Assets	1,700	5,400
Gross Derivative Liabilities
Gross Derivative Liabilities	6,460	1,960
Total return swaps/options | Purchased credit derivatives
Maximum Payout/Notional
Contract/Notional	98,300	86,600
Gross Derivative Assets
Gross Derivative Assets	2,100	400
Gross Derivative Liabilities
Gross Derivative Liabilities	1,500	1,300
Total return swaps/options | Written credit derivatives
Maximum Payout/Notional
Contract/Notional	97,754	86,154
Gross Derivative Assets
Gross Derivative Assets	1,000	800
Gross Derivative Liabilities
Gross Derivative Liabilities	1,889	379
Credit derivatives | Purchased credit derivatives
Gross Derivative Liabilities
Fair value asset (liability), with identical underlying referenced names and terms	(4,500)	2,800
Notional amount, with identical underlying referenced names and terms	279,400	309,700
Credit derivatives | Written credit derivatives
Maximum Payout/Notional
Contract/Notional	429,731	386,372
Gross Derivative Liabilities
Gross Derivative Liabilities	8,349	2,339
Trading and Other Risk Management Derivatives
Gross Derivative Assets
Gross Derivative Assets	503,000	334,300
Gross Derivative Liabilities
Gross Derivative Liabilities	508,400	335,500
Trading and Other Risk Management Derivatives | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	199,600	162,000
Gross Derivative Liabilities
Gross Derivative Liabilities	217,200	168,500
Trading and Other Risk Management Derivatives | Interest Rate Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	13,400	1,000
Gross Derivative Liabilities
Gross Derivative Liabilities	13,000	1,000
Trading and Other Risk Management Derivatives | Interest Rate Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	56,300	32,500
Trading and Other Risk Management Derivatives | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	60,600	37,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	47,900	30,300
Gross Derivative Liabilities
Gross Derivative Liabilities	53,600	31,700
Trading and Other Risk Management Derivatives | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	68,500	35,900
Gross Derivative Liabilities
Gross Derivative Liabilities	66,800	38,700
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	6,800	3,800
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	7,500	4,000
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	22,000	6,500
Gross Derivative Liabilities
Gross Derivative Liabilities	19,800	8,100
Trading and Other Risk Management Derivatives | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	1,200	300
Gross Derivative Liabilities
Gross Derivative Liabilities	400	1,100
Trading and Other Risk Management Derivatives | Equity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	50,000	34,600
Trading and Other Risk Management Derivatives | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	56,400	42,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	5,900	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	6,300	4,400
Trading and Other Risk Management Derivatives | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	1,900	1,700
Gross Derivative Liabilities
Gross Derivative Liabilities	600	400
Trading and Other Risk Management Derivatives | Commodity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	5,600	1,400
Trading and Other Risk Management Derivatives | Commodity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	5,200	1,400
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Credit Default Swap | Purchased credit derivatives
Gross Derivative Assets
Gross Derivative Assets	8,100	2,700
Gross Derivative Liabilities
Gross Derivative Liabilities	2,100	5,600
Trading and Other Risk Management Derivatives | Credit Default Swap | Written credit derivatives
Gross Derivative Assets
Gross Derivative Assets	1,700	5,400
Gross Derivative Liabilities
Gross Derivative Liabilities	6,500	2,000
Trading and Other Risk Management Derivatives | Total return swaps/options | Purchased credit derivatives
Gross Derivative Assets
Gross Derivative Assets	2,100	400
Gross Derivative Liabilities
Gross Derivative Liabilities	1,500	1,300
Trading and Other Risk Management Derivatives | Total return swaps/options | Written credit derivatives
Gross Derivative Assets
Gross Derivative Assets	1,000	800
Gross Derivative Liabilities
Gross Derivative Liabilities	1,900	400
Qualifying Accounting Hedges
Gross Derivative Assets
Gross Derivative Assets	23,300	10,500
Gross Derivative Liabilities
Gross Derivative Liabilities	2,200	1,600
Qualifying Accounting Hedges | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	21,000	9,700
Gross Derivative Liabilities
Gross Derivative Liabilities	500	400
Qualifying Accounting Hedges | Interest Rate Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Interest Rate Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	1,200	700
Gross Derivative Liabilities
Gross Derivative Liabilities	1,500	900
Qualifying Accounting Hedges | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	1,000	100
Gross Derivative Liabilities
Gross Derivative Liabilities	200	300
Qualifying Accounting Hedges | Foreign Exchange Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	100	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Credit Default Swap | Purchased credit derivatives
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Credit Default Swap | Written credit derivatives
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Total return swaps/options | Purchased credit derivatives
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Total return swaps/options | Written credit derivatives
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	$ 0	$ 0

Derivatives - Offsetting Assets

Derivatives - Offsetting Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting Assets [Line Items]
Derivative assets, after netting	$ 48,300	$ 34,800
Other gross derivative assets	9,400	5,700
Derivative assets	57,654	40,485
Less: Financial instruments collateral	(16,700)	(14,600)
Total net derivative assets	41,000	25,900
Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	451,900	302,800
Less: Legally enforceable master netting agreements and cash collateral received	(413,400)	(274,700)
Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	46,500	27,300
Less: Legally enforceable master netting agreements and cash collateral received	(40,500)	(21,500)
Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	18,500	9,000
Less: Legally enforceable master netting agreements and cash collateral received	(14,700)	(8,100)
Interest rate contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	277,600	203,100
Interest rate contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	300	100
Interest rate contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	15,200	6,000
Foreign exchange risk | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	121,500	69,200
Foreign exchange risk | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,100	500
Equity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	32,300	21,300
Equity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	43,700	26,400
Commodity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	9,000	2,800
Commodity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,500	800
Commodity contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	0	0
Credit derivatives | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	11,500	6,400
Credit derivatives | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	$ 1,200	$ 2,500

Derivatives - Offsetting Liabil

Derivatives - Offsetting Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting Liabilities [Line Items]
Derivative liabilities, after netting	$ 45,200	$ 31,200
Other gross derivative liabilities	9,500	7,000
Derivative liabilities	54,658	38,229
Less: Financial instruments collateral	(21,400)	(16,100)
Total net derivative liabilities	33,300	22,100
Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	439,600	298,300
Less: Legally enforceable master netting agreements and cash collateral paid	(400,700)	(269,300)
Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	44,700	23,700
Less: Legally enforceable master netting agreements and cash collateral paid	(40,500)	(21,500)
Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	16,800	8,100
Less: Legally enforceable master netting agreements and cash collateral paid	(14,700)	(8,100)
Interest rate contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	271,100	196,600
Interest rate contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	300	100
Interest rate contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	13,400	5,300
Foreign exchange risk | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	124,400	73,100
Foreign exchange risk | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	2,100	500
Equity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	24,400	17,800
Equity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	42,200	22,800
Commodity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	9,100	4,200
Commodity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	2,200	800
Commodity contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	100	100
Credit derivatives | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	10,600	6,600
Credit derivatives | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	$ 1,200	$ 2,200

Derivatives - Gains and Losses

Derivatives - Gains and Losses on Derivatives Designated as Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ 10,489	$ 1,925
Hedged Item	(10,425)	(1,934)
Interest rate risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	10,334	1,913
Hedged Item	(10,276)	(1,929)
Interest rate and foreign currency risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	505	57
Hedged Item	(491)	(48)
Interest rate and foreign currency risk on long-term debt | Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	734	170
Interest rate and foreign currency risk on long-term debt | Market making and similar activities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(241)	(121)
Interest rate risk on AFS securities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(350)	(45)
Hedged Item	342	43
Accumulated Other Comprehensive Income (Loss) | Interest rate and foreign currency risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ 12	$ 8

Derivatives - Designated Fair V

Derivatives - Designated Fair Value Hedged Assets (Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ (186,490)	$ (162,389)
Hedged liability, long-term debt, cumulative fair value adjustments	(19,542)	(8,685)
Hedged asset, available-for-sale debt securities, carrying value	4,157	1,654
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	314	64
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	(1,200)	(1,300)
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ 22	$ 8

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Shareholders’ equity	$ 264,918	$ 264,810	$ 267,010	$ 265,325
Net income (loss) in AOCI expected to be reclassified, after tax	77
Net income (loss) in AOCI expected to be reclassified	$ 102
Terminated cash flow hedges, forecasted transaction hedging period	3 years
Terminated cash flow hedges, maximum forecasted transaction hedging period	16 years
Bank of America, N.A.
Derivative [Line Items]
Collateral not yet posted	$ 1,200
Credit derivatives
Derivative [Line Items]
Cash and securities held as collateral	108,000	84,300
Cash and securities collateral posted	95,600	69,100
Collateral not yet posted	2,800
Foreign Mortgage-backed Securities and Foreign Securities
Derivative [Line Items]
Transfer of mortgage-backed securities to third-party trust	4,900	5,200
Gross cash proceeds from transfer of securities	4,900	5,200
Fair value of derecognized assets	4,600	$ 5,300
Derivatives
Derivative [Line Items]
Shareholders’ equity	17
Pretax income (loss) in accumulated OCI	$ 23

Derivatives - Derivatives Desig

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flow hedges
Amounts excluded from effectiveness testing and recognized in other income	$ 30	$ 53
Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	509	254
Gains (Losses) in Income Reclassified from Accumulated OCI	(26)	(23)
Interest rate risk on variable-rate assets | Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	591	254
Gains (Losses) in Income Reclassified from Accumulated OCI	(26)	(23)
Price risk on certain compensation plans | Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	(82)	0
Gains (Losses) in Income Reclassified from Accumulated OCI	0	0
Foreign exchange risk | Net investment hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	1,368	6
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 1

Derivatives - Other Risk Manage

Derivatives - Other Risk Management Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest rate lock commitments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ 48	$ 12
Other income | Interest rate risk on mortgage activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	379	104
Other income | Credit risk on loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	88	(26)
Other income | Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	1,528	1,229
Other income | Price risk on deferred compensation hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (757)	$ 511

Derivatives - Sales and Trading

Derivatives - Sales and Trading Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 2,807	$ 2,768
Brokerage commissions and asset management fee revenue | Global Markets
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	557	433
Trading Derivatives and Securities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	4,573	3,415
Trading Derivatives and Securities | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,972	2,081
Trading Derivatives and Securities | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	963	702
Trading Derivatives and Securities | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	638	632
Trading Derivatives and Securities | Interest rate risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,255	796
Trading Derivatives and Securities | Interest rate risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,568	300
Trading Derivatives and Securities | Interest rate risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	619	410
Trading Derivatives and Securities | Interest rate risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	68	86
Trading Derivatives and Securities | Foreign exchange risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	456	343
Trading Derivatives and Securities | Foreign exchange risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	446	318
Trading Derivatives and Securities | Foreign exchange risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	5	19
Trading Derivatives and Securities | Foreign exchange risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	5	6
Trading Derivatives and Securities | Equity risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,657	1,190
Trading Derivatives and Securities | Equity risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,261	969
Trading Derivatives and Securities | Equity risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(123)	(175)
Trading Derivatives and Securities | Equity risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	519	396
Trading Derivatives and Securities | Credit risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	74	1,051
Trading Derivatives and Securities | Credit risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(406)	487
Trading Derivatives and Securities | Credit risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	441	430
Trading Derivatives and Securities | Credit risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	39	134
Trading Derivatives and Securities | Other risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	131	35
Trading Derivatives and Securities | Other risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	103	7
Trading Derivatives and Securities | Other risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	21	18
Trading Derivatives and Securities | Other risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 7	$ 10

Derivatives - Credit Derivative

Derivatives - Credit Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Carrying Value of Credit Derivatives
Total	$ 510,600	$ 337,100
Carrying Value of Credit-related Notes
Less than One Year	6	6
One to Three Years	2	5
Three to Five Years	0	2
Over Five Years	2,231	1,764
Total	2,239	1,777
Credit Default Swap | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	201	70
One to Three Years	1,108	297
Three to Five Years	2,565	621
Over Five Years	2,586	972
Total	6,460	1,960
Maximum Payout/Notional
Less than One Year	67,974	74,876
One to Three Years	106,012	94,359
Three to Five Years	117,071	100,938
Over Five Years	40,920	30,045
Total	331,977	300,218
Total return swaps/options | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	1,879	379
One to Three Years	10	0
Three to Five Years	0	0
Over Five Years	0	0
Total	1,889	379
Maximum Payout/Notional
Less than One Year	93,141	85,195
One to Three Years	4,476	657
Three to Five Years	132	166
Over Five Years	5	136
Total	97,754	86,154
Credit derivatives | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	2,080	449
One to Three Years	1,118	297
Three to Five Years	2,565	621
Over Five Years	2,586	972
Total	8,349	2,339
Maximum Payout/Notional
Less than One Year	161,115	160,071
One to Three Years	110,488	95,016
Three to Five Years	117,203	101,104
Over Five Years	40,925	30,181
Total	429,731	386,372
Investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	0	3
Three to Five Years	0	1
Over Five Years	1,156	639
Total	1,156	643
Investment grade | Credit Default Swap | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	9	0
One to Three Years	87	5
Three to Five Years	620	60
Over Five Years	532	164
Total	1,248	229
Maximum Payout/Notional
Less than One Year	48,868	55,827
One to Three Years	75,071	67,838
Three to Five Years	77,467	71,320
Over Five Years	26,226	17,708
Total	227,632	212,693
Investment grade | Total return swaps/options | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	578	35
One to Three Years	0	0
Three to Five Years	0	0
Over Five Years	0	0
Total	578	35
Maximum Payout/Notional
Less than One Year	65,869	56,488
One to Three Years	0	0
Three to Five Years	126	62
Over Five Years	0	76
Total	65,995	56,626
Non-investment grade
Carrying Value of Credit-related Notes
Less than One Year	6	6
One to Three Years	2	2
Three to Five Years	0	1
Over Five Years	1,075	1,125
Total	1,083	1,134
Non-investment grade | Credit Default Swap | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	192	70
One to Three Years	1,021	292
Three to Five Years	1,945	561
Over Five Years	2,054	808
Total	5,212	1,731
Maximum Payout/Notional
Less than One Year	19,106	19,049
One to Three Years	30,941	26,521
Three to Five Years	39,604	29,618
Over Five Years	14,694	12,337
Total	104,345	87,525
Non-investment grade | Total return swaps/options | Written credit derivatives
Carrying Value of Credit Derivatives
Less than One Year	1,301	344
One to Three Years	10	0
Three to Five Years	0	0
Over Five Years	0	0
Total	1,311	344
Maximum Payout/Notional
Less than One Year	27,272	28,707
One to Three Years	4,476	657
Three to Five Years	6	104
Over Five Years	5	60
Total	$ 31,759	$ 29,528

Derivatives - Credit-related Co

Derivatives - Credit-related Contingent Features and Collateral (Details) $ in Millions	Mar. 31, 2020USD ($)
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	$ 519
Additional collateral required to be posted upon downgrade, second incremental notch	724
Credit derivatives
Derivative [Line Items]
Derivative liability subject to unilateral termination upon downgrade, one incremental notch	161
Derivative liability subject to unilateral termination upon downgrade, second incremental notch	1,498
Collateral posted subject to unilateral termination upon downgrade, one incremental notch	144
Collateral posted subject to unilateral termination upon downgrade, second incremental notch	1,098
Bank of America, N.A.
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	257
Additional collateral required to be posted upon downgrade, second incremental notch	$ 495

Derivatives - Valuation Adjustm

Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Gross
Derivative assets (CVA)	$ (784)	$ 66
Derivative assets/liabilities (FVA)	(156)	7
Derivative liabilities (DVA)	414	$ (81)
Cumulative credit valuation adjustment	1,300		$ 528
Cumulative funding valuation adjustment	309		153
Cumulative debit valuation adjustment	$ 699		$ 285

Securities - Debt Securities (D

Securities - Debt Securities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Available-for-sale Debt Securities:
Amortized Cost	$ 197,998	$ 243,307
Gross Unrealized Gains	8,624	2,776
Gross Unrealized Losses	(401)	(444)
Fair Value	206,221	245,639
Other Debt Securities, Carried at Fair Value:
Amortized Cost	14,791	10,596
Gross Unrealized Gains	317	255
Gross Unrealized Losses	(225)	(23)
Fair Value	14,883	10,828
Debt securities carried at fair value:
Amortized Cost	212,789	253,903
Gross Unrealized Gains	8,941	3,031
Gross Unrealized Losses	(626)	(467)
Debt securities carried at fair value	221,104	256,467
Held-to-maturity Securities:
Amortized Cost	254,764	215,730
Gross Unrealized Gains	11,848	4,433
Gross Unrealized Losses	(17)	(342)
Held-to-maturity, fair value	266,595	219,821
Debt securities:
Amortized Cost	467,553	469,633
Gross Unrealized Gains	20,789	7,464
Gross Unrealized Losses	(643)	(809)
Fair Value	487,699	476,288
Debt securities, available for sale securities transferred to held-to-maturity	44,400
Debt securities, trading, transferred	11,100
Debt securities, trading, transfered to available-for-sale	5,200
Debt securities, trading, transfered to other debt securities	5,900
Securities, pledged as collateral	71,400	67,000
FNMA
Debt securities carried at fair value:
Amortized Cost	153,300	157,200
Debt securities carried at fair value	161,200	160,600
FHLMC
Debt securities carried at fair value:
Amortized Cost	58,800	54,100
Debt securities carried at fair value	61,700	55,100
Mortgage-backed securities
Available-for-sale Debt Securities:
Amortized Cost	96,629	142,030
Gross Unrealized Gains	4,019	1,478
Gross Unrealized Losses	(102)	(241)
Fair Value	100,546	143,267
Debt securities carried at fair value:
Debt securities carried at fair value	107,770
Agency
Available-for-sale Debt Securities:
Amortized Cost	76,599	121,698
Gross Unrealized Gains	2,863	1,013
Gross Unrealized Losses	(1)	(183)
Fair Value	79,461	122,528
Debt securities carried at fair value:
Debt securities carried at fair value	85,550
Agency-collateralized mortgage obligations
Available-for-sale Debt Securities:
Amortized Cost	4,348	4,587
Gross Unrealized Gains	212	78
Gross Unrealized Losses	(9)	(24)
Fair Value	4,551	4,641
Debt securities carried at fair value:
Debt securities carried at fair value	4,551
Commercial
Available-for-sale Debt Securities:
Amortized Cost	14,800	14,797
Gross Unrealized Gains	814	249
Gross Unrealized Losses	(12)	(25)
Fair Value	15,602	15,021
Debt securities carried at fair value:
Debt securities carried at fair value	15,615
Non-agency residential
Available-for-sale Debt Securities:
Amortized Cost	882	948
Gross Unrealized Gains	130	138
Gross Unrealized Losses	(80)	(9)
Fair Value	932	$ 1,077
Debt securities carried at fair value:
Debt securities carried at fair value	$ 2,054
Non-agency residential | Prime
Debt securities:
Available-for-sale securities, percent held by rating	49.00%	49.00%
Non-agency residential | Alt-A
Debt securities:
Available-for-sale securities, percent held by rating	6.00%	6.00%
Non-agency residential | Subprime
Debt securities:
Available-for-sale securities, percent held by rating	45.00%	45.00%
U.S. Treasury and agency securities
Available-for-sale Debt Securities:
Amortized Cost	$ 64,353	$ 67,700
Gross Unrealized Gains	4,352	1,023
Gross Unrealized Losses	(9)	(195)
Fair Value	68,696	68,528
Debt securities carried at fair value:
Debt securities carried at fair value	68,699
Non-U.S. securities
Available-for-sale Debt Securities:
Amortized Cost	12,248	11,987
Gross Unrealized Gains	10	6
Gross Unrealized Losses	(11)	(2)
Fair Value	12,247	11,991
Debt securities carried at fair value:
Debt securities carried at fair value	19,899
Other taxable securities, substantially all asset-backed securities
Available-for-sale Debt Securities:
Amortized Cost	6,016	3,874
Gross Unrealized Gains	80	67
Gross Unrealized Losses	(204)	0
Fair Value	5,892	3,941
Debt securities carried at fair value:
Debt securities carried at fair value	5,896
Total taxable securities
Available-for-sale Debt Securities:
Amortized Cost	179,246	225,591
Gross Unrealized Gains	8,461	2,574
Gross Unrealized Losses	(326)	(438)
Fair Value	187,381	227,727
Debt securities carried at fair value:
Debt securities carried at fair value	202,264
Tax-exempt securities
Available-for-sale Debt Securities:
Amortized Cost	18,752	17,716
Gross Unrealized Gains	163	202
Gross Unrealized Losses	(75)	(6)
Fair Value	18,840	$ 17,912
Debt securities carried at fair value:
Debt securities carried at fair value	$ 18,840

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 206,221		$ 245,639
Debt securities, available for sale, realized gains	316	$ 117
Debt securities, available for sale, realized losses	1	111
Debt securities, available for sale, net gains	315	$ 6
Income tax expense attributable to realized net gains on sales of AFS debt securities	79
Other assets
Debt Securities, Available-for-sale [Line Items]
Equity securities, fair value	835
Equity securities, cost	222
Time Deposits Placed and Other Short-term Investments
Debt Securities, Available-for-sale [Line Items]
Time deposits placed and other short-term investments	1,100
Nonperforming Loans
Debt Securities, Available-for-sale [Line Items]
Fair Value	8		$ 9
Debt securities
Debt Securities, Available-for-sale [Line Items]
Accumulated net unrealized gain (loss) on AFS debt securities	6,200
Accumulated other comprehensive income tax expense (benefit)	2,000
U.S. Agency And U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	168,300
All Non U.S. Agency And Non U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 37,900

Securities - AFS Debt Securitie

Securities - AFS Debt Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value
Less than Twelve Months	$ 12,376	$ 39,109
Twelve Months or Longer	6,091	38,742
Total	18,467	77,851
Gross Unrealized Losses
Less than Twelve Months	(330)	(146)
Twelve Months or Longer	(71)	(298)
Total	(401)	(444)
Mortgage-backed securities
Fair Value
Less than Twelve Months	1,113	20,198
Twelve Months or Longer	1,672	18,627
Total	2,785	38,825
Gross Unrealized Losses
Less than Twelve Months	(76)	(70)
Twelve Months or Longer	(26)	(171)
Total	(102)	(241)
Agency
Fair Value
Less than Twelve Months	0	17,641
Twelve Months or Longer	704	17,238
Total	704	34,879
Gross Unrealized Losses
Less than Twelve Months	0	(41)
Twelve Months or Longer	(1)	(142)
Total	(1)	(183)
Agency-collateralized mortgage obligations
Fair Value
Less than Twelve Months	6	255
Twelve Months or Longer	582	925
Total	588	1,180
Gross Unrealized Losses
Less than Twelve Months	0	(1)
Twelve Months or Longer	(9)	(23)
Total	(9)	(24)
Commercial
Fair Value
Less than Twelve Months	652	2,180
Twelve Months or Longer	348	442
Total	1,000	2,622
Gross Unrealized Losses
Less than Twelve Months	(9)	(22)
Twelve Months or Longer	(3)	(3)
Total	(12)	(25)
Non-agency residential
Fair Value
Less than Twelve Months	455	122
Twelve Months or Longer	38	22
Total	493	144
Gross Unrealized Losses
Less than Twelve Months	(67)	(6)
Twelve Months or Longer	(13)	(3)
Total	(80)	(9)
U.S. Treasury and agency securities
Fair Value
Less than Twelve Months	(495)	12,836
Twelve Months or Longer	523	18,866
Total	28	31,702
Gross Unrealized Losses
Less than Twelve Months	(7)	(71)
Twelve Months or Longer	(2)	(124)
Total	(9)	(195)
Non-U.S. securities
Fair Value
Less than Twelve Months	2,733	851
Twelve Months or Longer	513	837
Total	3,246	1,688
Gross Unrealized Losses
Less than Twelve Months	(10)	0
Twelve Months or Longer	(1)	(2)
Total	(11)	(2)
Other taxable securities, substantially all asset-backed securities
Fair Value
Less than Twelve Months	2,950	938
Twelve Months or Longer	293	222
Total	3,243	1,160
Gross Unrealized Losses
Less than Twelve Months	(191)	0
Twelve Months or Longer	(13)	0
Total	(204)	0
Total taxable securities
Fair Value
Less than Twelve Months	6,301	34,823
Twelve Months or Longer	3,001	38,552
Total	9,302	73,375
Gross Unrealized Losses
Less than Twelve Months	(284)	(141)
Twelve Months or Longer	(42)	(297)
Total	(326)	(438)
Tax-exempt securities
Fair Value
Less than Twelve Months	6,075	4,286
Twelve Months or Longer	3,090	190
Total	9,165	4,476
Gross Unrealized Losses
Less than Twelve Months	(46)	(5)
Twelve Months or Longer	(29)	(1)
Total	$ (75)	$ (6)

Securities - Maturities of Debt

Securities - Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in One Year or Less, Amount	$ 595
Due in One Year or Less, Yield	2.66%
Due after One Year through Five Years, Amount	$ 46
Due after One Year through Five Years, Yield	3.62%
Due after Five Years through Ten Years, Amount	$ 1,096
Due after Five Years though Ten Years, Yield	2.56%
Due after Ten Years, Amount	$ 253,027
Due after Ten Years, Yield	3.14%
Amortized Cost	$ 254,764	$ 215,730
Total, Yield	3.14%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Debt securities carried at fair value	$ 221,104	256,467
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less, Amount	595
Due after One Year through Five Years, Amount	46
Due after Five Years though Ten Years, Amount	1,164
Due after Ten Years, Amount	264,790
Debt Securities, Held-to-maturity, Fair Value	266,595	$ 219,821
Mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 22
Due in One Year or Less, Yield	1.68%
Due after One Year through Five Years, Amount	$ 4,965
Due after One Year through Five Years, Yield	2.45%
Due after Five Years though Ten Years, Amount	$ 8,924
Due after Five Years though Ten Years, Yield	2.57%
Due after Ten Years, Amount	$ 89,831
Due after Ten Years, Yield	3.53%
Total, Amount	$ 103,742
Total, Yield	3.40%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 22
Due after One Year through Five Years, Amount	5,163
Due after Five Years though Ten Years, Amount	9,470
Due after Ten Years, Amount	93,115
Debt securities carried at fair value	107,770
Agency
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due in One Year or Less, Yield	0.00%
Due after One Year through Five Years, Amount	$ 9
Due after One Year through Five Years, Yield	5.42%
Due after Five Years though Ten Years, Amount	$ 65
Due after Five Years though Ten Years, Yield	4.47%
Due after Ten Years, Amount	$ 82,426
Due after Ten Years, Yield	3.42%
Total, Amount	$ 82,500
Total, Yield	3.42%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due after One Year through Five Years, Amount	9
Due after Five Years though Ten Years, Amount	69
Due after Ten Years, Amount	85,472
Debt securities carried at fair value	85,550
Agency-collateralized mortgage obligations
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due in One Year or Less, Yield	0.00%
Due after One Year through Five Years, Amount	$ 0
Due after One Year through Five Years, Yield	0.00%
Due after Five Years though Ten Years, Amount	$ 26
Due after Five Years though Ten Years, Yield	2.50%
Due after Ten Years, Amount	$ 4,322
Due after Ten Years, Yield	3.16%
Total, Amount	$ 4,348
Total, Yield	3.16%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due after One Year through Five Years, Amount	0
Due after Five Years though Ten Years, Amount	26
Due after Ten Years, Amount	4,525
Debt securities carried at fair value	4,551
Commercial
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 22
Due in One Year or Less, Yield	1.68%
Due after One Year through Five Years, Amount	$ 4,956
Due after One Year through Five Years, Yield	2.45%
Due after Five Years though Ten Years, Amount	$ 8,821
Due after Five Years though Ten Years, Yield	2.56%
Due after Ten Years, Amount	$ 1,014
Due after Ten Years, Yield	2.86%
Total, Amount	$ 14,813
Total, Yield	2.54%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 22
Due after One Year through Five Years, Amount	5,154
Due after Five Years though Ten Years, Amount	9,352
Due after Ten Years, Amount	1,087
Debt securities carried at fair value	15,615
Non-agency residential
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due in One Year or Less, Yield	0.00%
Due after One Year through Five Years, Amount	$ 0
Due after One Year through Five Years, Yield	0.00%
Due after Five Years though Ten Years, Amount	$ 12
Due after Five Years though Ten Years, Yield	0.00%
Due after Ten Years, Amount	$ 2,069
Due after Ten Years, Yield	9.01%
Total, Amount	$ 2,081
Total, Yield	8.96%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 0
Due after One Year through Five Years, Amount	0
Due after Five Years though Ten Years, Amount	23
Due after Ten Years, Amount	2,031
Debt securities carried at fair value	2,054
U.S. Treasury and agency securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 6,401
Due in One Year or Less, Yield	1.25%
Due after One Year through Five Years, Amount	$ 30,295
Due after One Year through Five Years, Yield	1.73%
Due after Five Years though Ten Years, Amount	$ 27,622
Due after Five Years though Ten Years, Yield	2.21%
Due after Ten Years, Amount	$ 38
Due after Ten Years, Yield	2.45%
Total, Amount	$ 64,356
Total, Yield	1.89%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 6,464
Due after One Year through Five Years, Amount	31,645
Due after Five Years though Ten Years, Amount	30,551
Due after Ten Years, Amount	39
Debt securities carried at fair value	68,699
Non-U.S. securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 18,332
Due in One Year or Less, Yield	0.87%
Due after One Year through Five Years, Amount	$ 1,478
Due after One Year through Five Years, Yield	1.47%
Due after Five Years though Ten Years, Amount	$ 11
Due after Five Years though Ten Years, Yield	2.97%
Due after Ten Years, Amount	$ 102
Due after Ten Years, Yield	7.02%
Total, Amount	$ 19,923
Total, Yield	0.95%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 18,307
Due after One Year through Five Years, Amount	1,481
Due after Five Years though Ten Years, Amount	11
Due after Ten Years, Amount	100
Debt securities carried at fair value	19,899
Other taxable securities, substantially all asset-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 1,474
Due in One Year or Less, Yield	2.13%
Due after One Year through Five Years, Amount	$ 2,011
Due after One Year through Five Years, Yield	2.66%
Due after Five Years though Ten Years, Amount	$ 1,237
Due after Five Years though Ten Years, Yield	3.31%
Due after Ten Years, Amount	$ 1,294
Due after Ten Years, Yield	3.22%
Total, Amount	$ 6,016
Total, Yield	2.78%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 1,460
Due after One Year through Five Years, Amount	1,880
Due after Five Years though Ten Years, Amount	1,234
Due after Ten Years, Amount	1,322
Debt securities carried at fair value	5,896
Total taxable securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 26,229
Due in One Year or Less, Yield	1.04%
Due after One Year through Five Years, Amount	$ 38,749
Due after One Year through Five Years, Yield	1.86%
Due after Five Years though Ten Years, Amount	$ 37,794
Due after Five Years though Ten Years, Yield	2.33%
Due after Ten Years, Amount	$ 91,265
Due after Ten Years, Yield	3.53%
Total, Amount	$ 194,037
Total, Yield	2.63%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 26,253
Due after One Year through Five Years, Amount	40,169
Due after Five Years though Ten Years, Amount	41,266
Due after Ten Years, Amount	94,576
Debt securities carried at fair value	202,264
Tax-exempt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 2,612
Due in One Year or Less, Yield	1.82%
Due after One Year through Five Years, Amount	$ 7,882
Due after One Year through Five Years, Yield	3.28%
Due after Five Years though Ten Years, Amount	$ 5,035
Due after Five Years though Ten Years, Yield	2.18%
Due after Ten Years, Amount	$ 3,223
Due after Ten Years, Yield	4.00%
Total, Amount	$ 18,752
Total, Yield	2.90%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 2,610
Due after One Year through Five Years, Amount	7,875
Due after Five Years though Ten Years, Amount	5,100
Due after Ten Years, Amount	3,255
Debt securities carried at fair value	18,840
Debt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 28,841
Due in One Year or Less, Yield	1.11%
Due after One Year through Five Years, Amount	$ 46,631
Due after One Year through Five Years, Yield	2.10%
Due after Five Years though Ten Years, Amount	$ 42,829
Due after Five Years though Ten Years, Yield	2.32%
Due after Ten Years, Amount	$ 94,488
Due after Ten Years, Yield	3.54%
Total, Amount	$ 212,789
Total, Yield	2.65%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in One Year or Less, Amount	$ 28,863
Due after One Year through Five Years, Amount	48,044
Due after Five Years though Ten Years, Amount	46,366
Due after Ten Years, Amount	97,831
Debt securities carried at fair value	$ 221,104

Outstanding Loans and Leases -

Outstanding Loans and Leases - Past Due (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 1,050,785	$ 983,426
Percentage of outstandings, total outstanding	100.00%	100.00%
Loans and leases, measured at fair value	$ 9,016	$ 8,335
Loans and leases, pledged as collateral	32,700	25,900
Loans pledged to secure borrowings	217,600	168,200
Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 9,016	$ 8,335
Percentage of outstandings, total outstanding	0.86%	0.85%
Direct/indirect consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	$ 43	$ 45
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	465,954	465,769
Consumer Portfolio Segment | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	465,398	465,175
Consumer Portfolio Segment | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	556	594
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	231	257
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	325	337
Consumer real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	39,567
Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	878	856
Consumer real estate | Core Portfolio Residential Mortgage | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	233,635	225,770
Consumer real estate | Core Portfolio Home Equity | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	34,873	35,226
Consumer real estate | Non-core Residential Mortgage | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	9,910	10,399
Consumer real estate | Non-core Home Equity | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	4,694	4,982
Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	243,545
Credit card and other consumer | Credit Card | Carrying Value | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	91,890	97,608
Credit card and other consumer | Direct/indirect consumer | Dealer Financial Services Loans
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	50,000	50,400
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	36,400	36,700
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	3,000	2,800
Credit card and other consumer | Direct/indirect consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	90,246	90,998
Credit card and other consumer | Other consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	150	192
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	584,831	517,657
Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	358,504
Loans and leases, measured at fair value	5,100	4,700
Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	116,612
Loans and leases, measured at fair value	3,400	3,100
Commercial portfolio | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	576,371	509,916
Commercial portfolio | Carrying Value | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	358,504	307,048
Commercial portfolio | Carrying Value | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	116,612	104,966
Commercial portfolio | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	8,460	7,741
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	66,654
Commercial portfolio | Commercial real estate | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	62,900	59,000
Commercial portfolio | Commercial real estate | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	3,800	3,700
Commercial portfolio | Commercial real estate | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	66,654	62,689
Commercial portfolio | Commercial lease financing | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	19,180	19,880
Commercial portfolio | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	7,884
Commercial portfolio | U.S. small business commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	15,421	15,333
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 3,948	$ 4,052
Percentage of outstandings	0.38%	0.41%
30 to 59 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 2,774	$ 2,866
30 to 59 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Non-performing troubled debt with no change in repayment terms at time of discharge, past due	474	517
30 to 59 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Non-performing troubled debt with no change in repayment terms at time of discharge, past due	138	139
30 to 59 Days Past Due | Consumer real estate | Core Portfolio Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,348	1,378
30 to 59 Days Past Due | Consumer real estate | Core Portfolio Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	129	135
30 to 59 Days Past Due | Consumer real estate | Non-core Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	434	458
30 to 59 Days Past Due | Consumer real estate | Non-core Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	34	34
30 to 59 Days Past Due | Credit card and other consumer | Credit Card | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	541	564
30 to 59 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	288	297
30 to 59 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	0	0
30 to 59 Days Past Due | Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,174	1,186
30 to 59 Days Past Due | Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	715	788
30 to 59 Days Past Due | Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	29	35
30 to 59 Days Past Due | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	188	144
30 to 59 Days Past Due | Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	119	100
30 to 59 Days Past Due | Commercial portfolio | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	123	119
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 1,473	$ 1,503
Percentage of outstandings	0.14%	0.15%
60 to 89 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 953	$ 1,070
60 to 89 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Non-performing troubled debt with no change in repayment terms at time of discharge, past due	174	206
60 to 89 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Non-performing troubled debt with no change in repayment terms at time of discharge, past due	123	114
60 to 89 Days Past Due | Consumer real estate | Core Portfolio Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	262	261
60 to 89 Days Past Due | Consumer real estate | Core Portfolio Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	59	70
60 to 89 Days Past Due | Consumer real estate | Non-core Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	172	209
60 to 89 Days Past Due | Consumer real estate | Non-core Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	15	16
60 to 89 Days Past Due | Credit card and other consumer | Credit Card | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	368	429
60 to 89 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	77	85
60 to 89 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	0	0
60 to 89 Days Past Due | Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	520	433
60 to 89 Days Past Due | Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	378	279
60 to 89 Days Past Due | Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	41	23
60 to 89 Days Past Due | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	25	19
60 to 89 Days Past Due | Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	25	56
60 to 89 Days Past Due | Commercial portfolio | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	51	56
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 3,812	$ 3,819
Percentage of outstandings	0.36%	0.39%
90 Days or More Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 2,994	$ 3,175
90 Days or More Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Non-performing troubled debt with no change in repayment terms at time of discharge, past due	1,000	1,100
90 Days or More Past Due | Consumer real estate | Core Portfolio Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	580	565
90 Days or More Past Due | Consumer real estate | Core Portfolio Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	215	198
90 Days or More Past Due | Consumer real estate | Non-core Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,109	1,263
90 Days or More Past Due | Consumer real estate | Non-core Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	67	72
90 Days or More Past Due | Credit card and other consumer | Credit Card | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	991	1,042
90 Days or More Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	32	35
90 Days or More Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	0	0
90 Days or More Past Due | Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	818	644
90 Days or More Past Due | Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	504	371
90 Days or More Past Due | Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1	8
90 Days or More Past Due | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	137	119
90 Days or More Past Due | Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	68	39
90 Days or More Past Due | Commercial portfolio | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	108	107
Total Past Due 30 Days or More
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 9,233	$ 9,374
Percentage of outstandings	0.88%	0.95%
Total Past Due 30 Days or More | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 6,721	$ 7,111
Total Past Due 30 Days or More | Consumer real estate | Core Portfolio Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	2,190	2,204
Total Past Due 30 Days or More | Consumer real estate | Core Portfolio Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	403	403
Total Past Due 30 Days or More | Consumer real estate | Non-core Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,715	1,930
Total Past Due 30 Days or More | Consumer real estate | Non-core Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	116	122
Total Past Due 30 Days or More | Credit card and other consumer | Credit Card | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,900	2,035
Total Past Due 30 Days or More | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	397	417
Total Past Due 30 Days or More | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	0	0
Total Past Due 30 Days or More | Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	2,512	2,263
Total Past Due 30 Days or More | Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	1,597	1,438
Total Past Due 30 Days or More | Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	71	66
Total Past Due 30 Days or More | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	350	282
Total Past Due 30 Days or More | Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	212	195
Total Past Due 30 Days or More | Commercial portfolio | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	282	282
Total Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 1,032,536	$ 965,717
Percentage of outstandings, total outstanding	98.26%	98.20%
Total Current or Less Than 30 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 458,677	$ 458,064
Total Current or Less Than 30 Days Past Due | Consumer real estate | Core Portfolio Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	231,445	223,566
Total Current or Less Than 30 Days Past Due | Consumer real estate | Core Portfolio Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	34,470	34,823
Total Current or Less Than 30 Days Past Due | Consumer real estate | Non-core Residential Mortgage
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	8,195	8,469
Total Current or Less Than 30 Days Past Due | Consumer real estate | Non-core Home Equity
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	4,578	4,860
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Credit Card | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	89,990	95,573
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	89,849	90,581
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	150	192
Total Current or Less Than 30 Days Past Due | Commercial portfolio
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	573,859	507,653
Total Current or Less Than 30 Days Past Due | Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	356,907	305,610
Total Current or Less Than 30 Days Past Due | Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	116,541	104,900
Total Current or Less Than 30 Days Past Due | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	66,304	62,407
Total Current or Less Than 30 Days Past Due | Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	18,968	19,685
Total Current or Less Than 30 Days Past Due | Commercial portfolio | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Financing receivable, before credit loss allowance	$ 15,139	$ 15,051

Outstanding Loans and Leases _2

Outstanding Loans and Leases - Nonperforming, Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 4,056	$ 3,552
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	1,852	1,499
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,204	2,053
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	1,580	1,470
Consumer Portfolio Segment | Residential Mortgage | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	130
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	578	536
Consumer Portfolio Segment | Home equity lines of credit | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	20
Federal National Mortgage Association Certificates and Obligations (FNMA) and Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Long-term credit protection agreements, amount covered	$ 8,000	$ 7,500

Outstanding Loans and Leases _3

Outstanding Loans and Leases - Nonperforming, Credit Quality (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jan. 01, 2019
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 4,056	$ 3,552
Accruing Past Due 90 Days or More (1)	$ 2,326	$ 2,413
Nonperforming loans and leases, percent outstanding	0.39%	0.36%
Accruing past due 90 days or more, percent outstanding	0.22%	0.25%
Allowance on nonperforming loans	$ 15,766		$ 9,577	$ 9,601
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,204	$ 2,053
Accruing Past Due 90 Days or More (1)	1,972	2,163
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,580	1,470
Accruing Past Due 90 Days or More (1)	951	1,088
Consumer Portfolio Segment | Residential Mortgage With Negative Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	482	0
Allowance on nonperforming loans	145
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	578	536
Accruing Past Due 90 Days or More (1)	0	0
Consumer Portfolio Segment | Home Equity Line of Credit With Negative Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	123	0
Allowance on nonperforming loans	107
Consumer Portfolio Segment | Credit Card
Financing Receivable, Past Due [Line Items]
Accruing Past Due 90 Days or More (1)	991	1,042
Consumer Portfolio Segment | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	46	47
Accruing Past Due 90 Days or More (1)	30	33
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,852	1,499
Accruing Past Due 90 Days or More (1)	354	250
Allowance on nonperforming loans	6,700		$ 4,821	$ 4,799
Commercial portfolio | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,240	1,094
Accruing Past Due 90 Days or More (1)	188	106
Commercial portfolio | Non United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	90	43
Accruing Past Due 90 Days or More (1)	1	8
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	408	280
Accruing Past Due 90 Days or More (1)	39	19
Commercial portfolio | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	44	32
Accruing Past Due 90 Days or More (1)	31	20
Commercial portfolio | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	70	50
Accruing Past Due 90 Days or More (1)	95	97
Nonperforming Loans | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	637	740
Accruing Past Due 90 Days or More (1)	$ 314	$ 348

Outstanding Loans and Leases _4

Outstanding Loans and Leases - Residential Mortgage - Credit Quality Indicators (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,050,785	$ 983,426
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	39,567
Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	17,953
2019	65,993
2018	24,881
2017	32,703
2016	35,176
Prior	66,839
Total	243,545
Consumer real estate | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,283
Consumer real estate | Less than 620 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	59
2019	279
2018	252
2017	247
2016	267
Prior	2,184
Total	3,288
Consumer real estate | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,214
Consumer real estate | Greater than or equal to 620 and less than 680 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	172
2019	1,083
2018	689
2017	672
2016	502
Prior	2,830
Total	5,948
Consumer real estate | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,153
Consumer real estate | Greater than or equal to 680 and less than 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	1,638
2019	7,262
2018	3,426
2017	3,728
2016	3,311
Prior	9,226
Total	28,591
Consumer real estate | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	28,917
Consumer real estate | Greater than or equal to 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	15,520
2019	54,580
2018	19,923
2017	27,600
2016	28,436
Prior	40,834
Total	186,893
Less than or equal to 90 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	38,277
Less than or equal to 90 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	16,686
2019	61,053
2018	23,539
2017	31,947
2016	32,310
Prior	54,057
Total	219,592
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	562
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	528
2019	1,714
2018	592
2017	221
2016	140
Prior	540
Total	3,735
Greater than 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	728
Greater than 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	175
2019	437
2018	159
2017	79
2016	66
Prior	477
Total	1,393
Fully Insured Loans | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
March 31, 2020	564
2019	2,789
2018	591
2017	456
2016	2,660
Prior	11,765
Total	$ 18,825

Outstanding Loans and Leases _5

Outstanding Loans and Leases - Home Equity - Credit Quality Indicators Including Vintage (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	$ 1,050,785	$ 983,426
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	39,567
Consumer real estate | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	1,283
Consumer real estate | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	2,214
Consumer real estate | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	7,153
Consumer real estate | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	28,917
Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	2,557
Consumer real estate | Home Equity Loans and Reverse Mortgages | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	268
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	308
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	647
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	1,334
Consumer real estate | Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	1,400
Consumer real estate | Home Equity Loan no Longer Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	1,200
Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	25,962
Consumer real estate | Revolving Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	290
Consumer real estate | Revolving Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	692
Consumer real estate | Revolving Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	3,713
Consumer real estate | Revolving Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	21,267
Consumer real estate | Revolving Loan Converted to Term Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	11,048
Consumer real estate | Revolving Loan Converted to Term Loan | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	725
Consumer real estate | Revolving Loan Converted to Term Loan | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	1,214
Consumer real estate | Revolving Loan Converted to Term Loan | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	2,793
Consumer real estate | Revolving Loan Converted to Term Loan | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	6,316
Less than or equal to 90 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	38,277
Less than or equal to 90 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	2,169
Less than or equal to 90 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	25,653
Less than or equal to 90 percent | Consumer real estate | Revolving Loan Converted to Term Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	10,455
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	562
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	159
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	159
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Revolving Loan Converted to Term Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	244
Greater than 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	728
Greater than 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	229
Greater than 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	150
Greater than 100 percent | Consumer real estate | Revolving Loan Converted to Term Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	$ 349

Outstanding Loans and Leases _6

Outstanding Loans and Leases - Credit Card and Other Consumer - Credit Quality Indicators (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,050,785	$ 983,426
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	90,246
2020	7,998
2019	22,296
2018	14,756
2017	11,166
2016	7,840
Prior	26,190
Loans and lease receivable, securities based lending	39,300	$ 39,600
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,369
2020	26
2019	231
2018	255
2017	404
2016	288
Prior	165
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,663
2020	234
2019	863
2018	512
2017	516
2016	317
Prior	221
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	8,362
2020	946
2019	3,046
2018	1,639
2017	1,308
2016	758
Prior	665
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	37,863
2020	3,971
2019	13,845
2018	8,313
2017	5,756
2016	3,115
Prior	2,863
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total	39,989
2020	2,821
2019	4,311
2018	4,037
2017	3,182
2016	3,362
Prior	22,276
Credit Card and Direct/ Indirect Consumer | Credit Card
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	91,890
Revolving Loans	91,227
Revolving Loans Converted to Term Loans	663
Credit Card and Direct/ Indirect Consumer | Credit Card | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	5,017
Revolving Loans	4,766
Revolving Loans Converted to Term Loans	251
Credit Card and Direct/ Indirect Consumer | Credit Card | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	11,874
Revolving Loans	11,670
Revolving Loans Converted to Term Loans	204
Credit Card and Direct/ Indirect Consumer | Credit Card | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	34,088
Revolving Loans	33,919
Revolving Loans Converted to Term Loans	169
Credit Card and Direct/ Indirect Consumer | Credit Card | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	40,911
Revolving Loans	40,872
Revolving Loans Converted to Term Loans	39
Credit Card and Direct/ Indirect Consumer | Credit Card | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total Credit Card	0
Revolving Loans	0
Revolving Loans Converted to Term Loans	$ 0

Outstanding Loans and Leases _7

Outstanding Loans and Leases - Commercial - Credit Quality Indicators (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,050,785	$ 983,426
Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,016	8,335
Commercial portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Total	584,831	517,657
Revolving Loans Converted to Term Loans	41
Commercial portfolio | Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Total	8,460	7,741
Commercial portfolio | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	358,504
2020	18,375
2019	49,440
2018	24,891
2017	18,862
2016	10,469
Prior	25,423
Revolving Loans	211,044
Commercial portfolio | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	346,042
2020	17,797
2019	48,441
2018	24,019
2017	18,227
2016	10,092
Prior	24,445
Revolving Loans	203,021
Commercial portfolio | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Total	12,462
2020	578
2019	999
2018	872
2017	635
2016	377
Prior	978
Revolving Loans	8,023
Commercial portfolio | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	116,612
2020	6,072
2019	18,807
2018	12,331
2017	7,608
2016	1,884
Prior	7,275
Revolving Loans	62,635
Commercial portfolio | Non United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	115,233
2020	6,026
2019	18,591
2018	12,245
2017	7,510
2016	1,810
Prior	7,269
Revolving Loans	61,782
Commercial portfolio | Non United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,379
2020	46
2019	216
2018	86
2017	98
2016	74
Prior	6
Revolving Loans	853
Commercial portfolio | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,654
2020	3,385
2019	17,787
2018	12,807
2017	8,053
2016	4,427
Prior	9,611
Revolving Loans	10,584
Commercial portfolio | Commercial real estate | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	65,133
2020	3,384
2019	17,481
2018	12,594
2017	7,586
2016	4,358
Prior	9,309
Revolving Loans	10,421
Commercial portfolio | Commercial real estate | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,521
2020	1
2019	306
2018	213
2017	467
2016	69
Prior	302
Revolving Loans	163
Commercial portfolio | Commercial real estate | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	62,900	59,000
Commercial portfolio | Commercial real estate | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,800	$ 3,700
Commercial portfolio | Commercial lease financing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	19,180
2020	998
2019	4,180
2018	4,206
2017	3,301
2016	2,245
Prior	4,250
Revolving Loans	0
Commercial portfolio | Commercial lease financing | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	18,768
2020	944
2019	4,165
2018	4,138
2017	3,264
2016	2,204
Prior	4,053
Revolving Loans	0
Commercial portfolio | Commercial lease financing | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Total	412
2020	54
2019	15
2018	68
2017	37
2016	41
Prior	197
Revolving Loans	0
Commercial portfolio | U.S. small business commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,884
2020	360
2019	1,428
2018	1,142
2017	1,023
2016	748
Prior	2,932
Revolving Loans	251
Commercial portfolio | U.S. small business commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,280
2020	359
2019	1,412
2018	1,056
2017	902
2016	655
Prior	2,653
Revolving Loans	243
Commercial portfolio | U.S. small business commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Total	604
2020	1
2019	16
2018	86
2017	121
2016	93
Prior	279
Revolving Loans	8
Commercial portfolio | Small Business Card Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total	319
Commercial portfolio | Small Business Card Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total	749
Commercial portfolio | Small Business Card Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,200
Commercial portfolio | Small Business Card Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,300
Commercial portfolio | Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,500
Commercial portfolio | Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	568,834
2020	29,190
2019	91,642
2018	55,377
2017	38,847
2016	19,773
Prior	49,491
Revolving Loans	$ 284,514

Outstanding Loans and Leases _8

Outstanding Loans and Leases - Credit Quality Indicators, Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Commercial reservable criticized utilized exposure, amount	$ 17.4	$ 11.5
Commercial reservable criticized utilized exposure, percent	2.84%	2.09%

Outstanding Loans and Leases _9

Outstanding Loans and Leases - Troubled Debt Restructurings, Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)payment	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	$ 1,050,785		$ 983,426
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	39,567
Real estate acquired through foreclosure	226		$ 229
Loans with formal foreclosure proceeding in process	1,400
Reclassified consumer real estate loans	$ 138	$ 164
Number of missing payments causing default | payment	3
Consumer real estate | Chapter Seven Bankruptcy
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	$ 597
Nonperforming Loans | Consumer real estate | Chapter Seven Bankruptcy | US Government Sponsored-Enterprise Insured Loans | Federal Housing Administration
Financing Receivable, Credit Quality Indicator [Line Items]
Real estate acquired through foreclosure	99
Performing Financial Instruments | Consumer real estate | Chapter Seven Bankruptcy | US Government Sponsored-Enterprise Insured Loans | Federal Housing Administration
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, before credit loss allowance	$ 255

Outstanding Loans and Leases_10

Outstanding Loans and Leases - Consumer Real Estate - TDRs Entered into During the Period (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 145	$ 198
Carrying Value	$ 123	$ 160
Pre-Modification Interest Rate	4.15%	4.52%
Post-Modification Interest Rate	4.06%	4.46%
Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 122	$ 135
Carrying Value	$ 103	$ 112
Pre-Modification Interest Rate	4.04%	4.19%
Post-Modification Interest Rate	3.94%	4.27%
Home Equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 23	$ 63
Carrying Value	$ 20	$ 48
Pre-Modification Interest Rate	4.69%	5.23%
Post-Modification Interest Rate	4.68%	4.86%

Outstanding Loans and Leases_11

Outstanding Loans and Leases - Consumer Real Estate - Modification Programs (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 123	$ 160
Modifications under government programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	1	3
Modifications under proprietary programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	28	26
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	15	28
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 79	$ 103

Outstanding Loans and Leases_12

Outstanding Loans and Leases - Consumer Real Estate - TDRs Entering Payment Default That Were Modified During the Preceding 12 Months (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 45	$ 61
Modifications under government programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	6	7
Modifications under proprietary programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	14	29
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	7	9
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 18	$ 16

Outstanding Loans and Leases_13

Outstanding Loans and Leases - Credit Card and Other Consumer - TDRs by Program Type (Details) - Credit card and other consumer - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 694	$ 679
Financing receivable, trouble debt restructuring, percent of balance current or less than 30 days past due	85.00%	84.00%
Internal Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 353	$ 339
External Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	309	308
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	32	32
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 663	$ 647
Financing receivable, trouble debt restructuring, percent of balance current or less than 30 days past due	86.00%	85.00%
Credit Card | Internal Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 353	$ 339
Credit Card | External Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	309	308
Credit Card | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	1	0
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 31	$ 32
Financing receivable, trouble debt restructuring, percent of balance current or less than 30 days past due	77.00%	78.00%
Direct/indirect consumer | Internal Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 0	$ 0
Direct/indirect consumer | External Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	0	0
Direct/indirect consumer | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, trouble debt restructuring	$ 31	$ 32

Outstanding Loans and Leases_14

Outstanding Loans and Leases - Credit Card and Other Consumer - TDRs Entered into During the Period (Details) - Credit card and other consumer - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 111	$ 116
Carrying Value	$ 110	$ 115
Pre-Modification Interest Rate	17.40%	18.56%
Post-Modification Interest Rate	5.30%	5.19%
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 94	$ 98
Carrying Value	$ 101	$ 105
Pre-Modification Interest Rate	18.52%	19.86%
Post-Modification Interest Rate	5.30%	5.21%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 17	$ 18
Carrying Value	$ 9	$ 10
Pre-Modification Interest Rate	5.34%	4.96%
Post-Modification Interest Rate	5.34%	4.96%

Outstanding Loans and Leases_15

Outstanding Loans and Leases - Credit Card and Other Consumer - TDRs Modified by Program Type (Details) - Credit card and other consumer - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 110	$ 115
Internal Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	74	75
External Programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	27	30
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 9	$ 10

Outstanding Loans and Leases_16

Outstanding Loans and Leases - Credit Card and Other Consumer - TDRs Entered into During the Period, Narrative (Details) - Credit card and other consumer	3 Months Ended
	Mar. 31, 2020payment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of consecutive missed payments	2
Period for payment default after modification	12 months
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percent expected to be in payment default within 12 months after modification	14.00%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percent expected to be in payment default within 12 months after modification	20.00%

Outstanding Loans and Leases_17

Outstanding Loans and Leases - Commercial Loans - Impaired Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Loans held-for-sale	$ 7,862		$ 9,158
Proceeds from sales and paydowns of loans originally classified as LHFS	7,500	$ 7,900
Originations and purchases	6,078	$ 3,566
Accrued interest receivable	2,500		2,600
Credit card lines
Financing Receivable, Impaired [Line Items]
Interest and fee income	165
Residential mortgage, home equity, direct and indirect consumer and commercial financing receivable | Nonperforming Loans
Financing Receivable, Impaired [Line Items]
Interest and fee income	10
Commercial portfolio
Financing Receivable, Impaired [Line Items]
Lending commitments	$ 486		$ 445

Outstanding Loans and Leases_18

Outstanding Loans and Leases - Allowance for Credit Losses (Details) - USD ($) $ in Millions	Jan. 01, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jan. 01, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		$ 17,126	$ 10,379
Allowance for loan and lease losses		15,766	9,577		$ 9,601
Reserve for unfunded lending commitments		1,360	802	$ 813	797
Loan and leases receivable, allowance, period increase (decrease)		3,400
Reserve for unfunded lending commitments, period increase (decrease)		237
Outstanding loans and Leases, period increase (decrease), excluding loans accounted for under the fair value option		$ 66,700
Draws from existing unfunded loan commitments, percentage investment grade or collateralized		90.00%
Increase (decrease) in provision for credit losses including unfunded lending commitments		$ 3,700
Provision for credit losses		4,761	1,013
Commercial reservable criticized utilized exposure, amount		$ 17,400		$ 11,500
Commercial reservable criticized utilized exposure, percent		2.84%		2.09%
Nonperforming Loans and Leases		$ 4,056		$ 3,552
Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		8,258	3,934
Allowance for loan and lease losses		8,258	3,934		3,874
Reserve for unfunded lending commitments		0	0		0
Loan and leases receivable, allowance, period increase (decrease)		828
Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		957	822
Allowance for loan and lease losses		808	822		928
Reserve for unfunded lending commitments		149	0		0
Loan and leases receivable, allowance, period increase (decrease)		368
Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses		7,911	5,623
Allowance for loan and lease losses		6,700	4,821		4,799
Reserve for unfunded lending commitments		1,211	$ 802		$ 797
Loan and leases receivable, allowance, period increase (decrease)		2,200
Nonperforming Loans and Leases		$ 1,852		$ 1,499
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	$ 3,300
Loans and leases receivable, percentage increase in allowance	32.00%
Allowance for loan and lease losses	$ 2,900
Reserve for unfunded lending commitments	310
Cumulative Effect, Period of Adoption, Adjustment | Credit card and other consumer | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses	3,100
Cumulative Effect, Period of Adoption, Adjustment | Consumer real estate | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Reserve for unfunded lending commitments	119
Cumulative Effect, Period of Adoption, Adjustment | Commercial portfolio | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Reserve for unfunded lending commitments	191
Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses	12,358
Reserve for unfunded lending commitments	1,123
Cumulative Effect, Period of Adoption, Adjusted Balance | Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses	7,430
Reserve for unfunded lending commitments	0
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses	440
Reserve for unfunded lending commitments	119
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses	4,488
Reserve for unfunded lending commitments	$ 1,004

Outstanding Loans and Leases_19

Outstanding Loans and Leases - Allowance by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period		$ 9,601
Loans and leases charged off	$ (1,438)	(1,337)
Recoveries of loans and leases previously charged off	316	346
Net charge-offs	(1,122)	(991)
Provision for loan and lease losses	4,525	1,008
Other	5	(41)
Reserve for unfunded lending commitments, end of the period	15,766	9,577
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, January 1	1,360	802
Provision for unfunded lending commitments	236	5
Other	1
Reserve for unfunded lending commitments, March 31		797
Allowance for credit losses	17,126	10,379
Consumer real estate
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period		928
Loans and leases charged off	(35)	(103)
Recoveries of loans and leases previously charged off	47	108
Net charge-offs	12	5
Provision for loan and lease losses	351	(70)
Other	5	(41)
Reserve for unfunded lending commitments, end of the period	808	822
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, January 1	149	0
Provision for unfunded lending commitments	30	0
Other	0
Reserve for unfunded lending commitments, March 31		0
Allowance for credit losses	957	822
Credit card and other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period		3,874
Loans and leases charged off	(1,121)	(1,057)
Recoveries of loans and leases previously charged off	237	217
Net charge-offs	(884)	(840)
Provision for loan and lease losses	1,712	900
Other	0	0
Reserve for unfunded lending commitments, end of the period	8,258	3,934
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, January 1	0	0
Provision for unfunded lending commitments	0	0
Other	0
Reserve for unfunded lending commitments, March 31		0
Allowance for credit losses	8,258	3,934
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period		4,799
Loans and leases charged off	(282)	(177)
Recoveries of loans and leases previously charged off	32	21
Net charge-offs	(250)	(156)
Provision for loan and lease losses	2,462	178
Other	0	0
Reserve for unfunded lending commitments, end of the period	6,700	4,821
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, January 1	1,211	802
Provision for unfunded lending commitments	206	5
Other	1
Reserve for unfunded lending commitments, March 31		797
Allowance for credit losses	7,911	$ 5,623
Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period	12,358
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, March 31	1,123
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer real estate
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period	440
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, March 31	119
Cumulative Effect, Period of Adoption, Adjusted Balance | Credit card and other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period	7,430
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, March 31	0
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Reserve for unfunded lending commitments, beginning of the period	4,488
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, March 31	$ 1,004

Securitizations and Other Var_3

Securitizations and Other Variable Interest Entities - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 933	$ 1,100

Securitizations and Other Var_4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	$ 1,552	$ 1,096
Gains on securitizations	6	7
Repurchases from securitization trusts	128	244
Gain (loss) on loans securitized	27	8
Deconsolidation of securitizations		705
Commercial Mortgage
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	2,072	987
Gains on securitizations	41	17
Repurchases from securitization trusts	0	0
First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage loans serviced for investors	182,900	219,500
Servicing fees	128	$ 148
Transfers continuing involvement servicing fee advances	$ 2,100		$ 2,400

Securitizations and Other Var_5

Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
On-balance sheet assets
Trading account assets	$ 193,323	$ 229,826
Debt securities carried at fair value	221,104	256,467
Amortized Cost	254,764	215,730
Other assets	136,621	129,690
Total assets	2,619,954	2,434,079	$ 2,377,164
Financing receivable, before credit loss allowance	1,050,785	983,426
Total liabilities	2,355,036	2,169,269
Commercial Mortgage
On-balance sheet assets
Debt securities carried at fair value	15,615
Unconsolidated VIEs | Agency
Variable Interest Entity [Line Items]
Maximum loss exposure	12,228	12,554
On-balance sheet assets
Other assets	0	0
Total assets	12,228	12,554
Principal balance outstanding	153,421	160,226
Unconsolidated VIEs | Agency | Senior Lien
On-balance sheet assets
Trading account assets	641	627
Debt securities carried at fair value	5,419	6,392
Amortized Cost	6,168	5,535
Unconsolidated VIEs | Non-agency | Prime
Variable Interest Entity [Line Items]
Maximum loss exposure	317	340
On-balance sheet assets
Other assets	7	2
Total assets	184	200
Principal balance outstanding	7,400	7,268
Unconsolidated VIEs | Non-agency | Prime | Senior Lien
On-balance sheet assets
Trading account assets	12	5
Debt securities carried at fair value	165	193
Amortized Cost	0	0
Unconsolidated VIEs | Non-agency | Subprime
Variable Interest Entity [Line Items]
Maximum loss exposure	1,381	1,622
On-balance sheet assets
Other assets	31	49
Total assets	1,050	1,281
Principal balance outstanding	7,687	8,594
Unconsolidated VIEs | Non-agency | Subprime | Senior Lien
On-balance sheet assets
Trading account assets	23	54
Debt securities carried at fair value	996	1,178
Amortized Cost	0	0
Unconsolidated VIEs | Non-agency | Alt-A
Variable Interest Entity [Line Items]
Maximum loss exposure	86	98
On-balance sheet assets
Other assets	1	2
Total assets	86	98
Principal balance outstanding	18,997	19,878
Unconsolidated VIEs | Non-agency | Alt-A | Senior Lien
On-balance sheet assets
Trading account assets	26	24
Debt securities carried at fair value	59	72
Amortized Cost	0	0
Unconsolidated VIEs | Commercial Mortgage
Variable Interest Entity [Line Items]
Maximum loss exposure	1,102	1,036
On-balance sheet assets
Other assets	50	38
Total assets	990	912
Principal balance outstanding	60,748	60,129
Unconsolidated VIEs | Commercial Mortgage | Senior Lien
On-balance sheet assets
Trading account assets	73	65
Debt securities carried at fair value	0	0
Amortized Cost	867	809
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,405	5,811
Other assets	536	540
Total assets	41,478	44,381
Financing receivable, before credit loss allowance	37,009	38,837
Total liabilities	7,973	10,915
Consolidated VIEs | Agency
Variable Interest Entity [Line Items]
Maximum loss exposure	10,852	10,857
On-balance sheet assets
Trading account assets	1,210	780
Other assets	164	161
Total assets	10,852	10,858
Financing receivable, before credit loss allowance	9,478	9,917
Total liabilities	2	4
Consolidated VIEs | Non-agency | Prime
Variable Interest Entity [Line Items]
Maximum loss exposure	0	5
On-balance sheet assets
Trading account assets	100	116
Other assets	0	0
Total assets	100	116
Financing receivable, before credit loss allowance	0	0
Total liabilities	100	111
Consolidated VIEs | Non-agency | Subprime
Variable Interest Entity [Line Items]
Maximum loss exposure	45	44
On-balance sheet assets
Trading account assets	216	149
Other assets	0	0
Total assets	216	149
Financing receivable, before credit loss allowance	0	0
Total liabilities	171	105
Consolidated VIEs | Non-agency | Alt-A
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Other assets	0	0
Total assets	0	0
Financing receivable, before credit loss allowance	0	0
Total liabilities	0	0
Consolidated VIEs | Commercial Mortgage
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Other assets	0	0
Total assets	0	0
Financing receivable, before credit loss allowance	0	0
Total liabilities	$ 0	$ 0

Securitizations and Other Var_6

Securitizations and Other Variable Interest Entities - Home Equity Loan, Credit Card and Other Asset-backed VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jan. 01, 2019
On-balance sheet assets
Trading account assets	$ 193,323	$ 229,826
Debt securities carried at fair value	221,104	256,467
Amortized Cost	254,764	215,730
Total assets	2,619,954	2,434,079	$ 2,377,164
Financing receivable, before credit loss allowance	1,050,785	983,426
Allowance for loan and lease losses	(15,766)		$ (9,577)	$ (9,601)
Other assets	136,621	129,690
On-balance sheet liabilities
Long-term debt	256,712	240,856
Total liabilities	2,355,036	2,169,269
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,405	5,811
Total assets	41,478	44,381
Financing receivable, before credit loss allowance	37,009	38,837
Allowance for loan and lease losses	(1,472)	(807)
Other assets	536	540
On-balance sheet liabilities
Long-term debt	6,787	8,718
All other liabilities	39	22
Total liabilities	7,973	10,915
Home Equity | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	386	412
On-balance sheet assets
Total assets	10	11
Unconsolidated total assets of VIEs	961	1,023
Home Equity | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	73	64
On-balance sheet assets
Trading account assets	0	0
Total assets	132	123
Financing receivable, before credit loss allowance	111	122
Allowance for loan and lease losses	17	(2)
Other assets	4	3
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	59	64
All other liabilities	0	0
Total liabilities	59	64
Home Equity | Senior Lien | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	10	11
Amortized Cost	0	0
Credit Card | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Total assets	0	0
Unconsolidated total assets of VIEs	0	0
Credit Card | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	17,392	17,915
On-balance sheet assets
Trading account assets	0	0
Total assets	23,776	26,304
Financing receivable, before credit loss allowance	25,156	26,985
Allowance for loan and lease losses	(1,483)	(800)
Other assets	103	119
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	6,371	8,372
All other liabilities	13	17
Total liabilities	6,384	8,389
Residual interests	11,000	10,500
Credit Card | Senior Lien | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	0	0
Amortized Cost	0	0
Resecuritization Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	6,409	7,526
On-balance sheet assets
Total assets	6,409	7,526
Unconsolidated total assets of VIEs	15,082	21,234
Resecuritization Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	196	54
On-balance sheet assets
Trading account assets	214	73
Total assets	214	73
Financing receivable, before credit loss allowance	0	0
Allowance for loan and lease losses	0	0
Other assets	0	0
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	18	19
All other liabilities	0	0
Total liabilities	18	19
Resecuritization Trusts | Senior Lien | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	1,262	2,188
Debt securities carried at fair value	1,097	1,126
Amortized Cost	4,050	4,212
Municipal Bond Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	3,412	3,701
On-balance sheet assets
Total assets	213	0
Unconsolidated total assets of VIEs	3,960	4,395
Municipal Bond Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,966	2,656
On-balance sheet assets
Trading account assets	1,790	2,480
Total assets	1,966	2,656
Financing receivable, before credit loss allowance	0	0
Allowance for loan and lease losses	0	0
Other assets	176	176
On-balance sheet liabilities
Short-term borrowings	1,147	2,175
Long-term debt	0	0
All other liabilities	0	0
Total liabilities	1,147	2,175
Municipal Bond Trusts | Senior Lien | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	213	0
Debt securities carried at fair value	0	0
Amortized Cost	$ 0	$ 0

Securitizations and Other Var_7

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 933		$ 1,100
Credit Card
Variable Interest Entity [Line Items]
Principal balance outstanding	$ 7,000		7,400
Transferred financial assets, stated interest rate	0.00%
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	$ 7,400	$ 4,400
Resecuritization Trusts | Debt securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	526	$ 1,300
Municipal Bond Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 3,200		$ 3,700
Weighted average remaining life of bonds held in the trusts in years	7 years 6 months

Securitizations and Other Var_8

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jan. 01, 2019
On-balance sheet assets
Trading account assets	$ 193,323	$ 229,826
Debt securities carried at fair value	221,104	256,467
Financing receivable, before credit loss allowance	1,050,785	983,426
Allowance for loan and lease losses	(15,766)		$ (9,577)	$ (9,601)
Other assets	136,621	129,690
Total assets	2,619,954	2,434,079	$ 2,377,164
On-balance sheet liabilities
Long-term debt	256,712	240,856
Total liabilities	2,355,036	2,169,269
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,405	5,811
Financing receivable, before credit loss allowance	37,009	38,837
Allowance for loan and lease losses	(1,472)	(807)
Other assets	536	540
Total assets	41,478	44,381
On-balance sheet liabilities
Long-term debt	6,787	8,718
All other liabilities	39	22
Total liabilities	7,973	10,915
Other Variable Interest Entities
Variable Interest Entity [Line Items]
Maximum loss exposure	29,579	30,381
On-balance sheet assets
Trading account assets	2,452	2,762
Debt securities carried at fair value	71	74
Financing receivable, before credit loss allowance	5,292	5,024
Allowance for loan and lease losses	(69)	(40)
Other assets	20,505	20,628
Total assets	28,251	28,448
On-balance sheet liabilities
Long-term debt	68	46
All other liabilities	4,955	5,089
Total liabilities	5,023	5,135
Total assets of VIEs	103,451	102,593
Other Variable Interest Entities | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	4,131	4,055
On-balance sheet assets
Trading account assets	1,875	2,213
Debt securities carried at fair value	0	0
Financing receivable, before credit loss allowance	2,261	1,810
Allowance for loan and lease losses	(3)	(2)
Other assets	89	81
Total assets	4,222	4,102
On-balance sheet liabilities
Long-term debt	68	46
All other liabilities	24	2
Total liabilities	92	48
Other Variable Interest Entities | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	25,448	26,326
On-balance sheet assets
Trading account assets	577	549
Debt securities carried at fair value	71	74
Financing receivable, before credit loss allowance	3,031	3,214
Allowance for loan and lease losses	(66)	(38)
Other assets	20,416	20,547
Total assets	24,029	24,346
On-balance sheet liabilities
Long-term debt	0	0
All other liabilities	4,931	5,087
Total liabilities	4,931	5,087
Unconsolidated total assets of VIEs	99,229	98,491
Consolidated VIEs | Other Variable Interest Entities
On-balance sheet assets
Total assets	$ 4,222	$ 4,102

Securitizations and Other Var_9

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities, Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Variable Interest Entity [Line Items]
Total assets	$ 2,619,954	$ 2,377,164	$ 2,434,079
Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	41,478		44,381
Customer Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	1,900		2,200
Collateralized Debt Obligations
Variable Interest Entity [Line Items]
Maximum loss exposure	209		304
Investment Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	6,600		6,400
Investment Vehicles | Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	595		104
Investment Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total assets	35,000		32,400
Leveraged Lease Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	1,700		1,700
Tax Credit Vehicles
Investments in Affordable Housing Projects [Abstract]
Unfunded commitments	$ 4,300		4,300
Unfunded commitment payment period	5 years
Tax credits and other benefits	$ 268	280
Expected tax benefits recognized, as a percentage	25.00%
Tax Credit Vehicles | Other income
Investments in Affordable Housing Projects [Abstract]
Pretax income (losses)	$ (272)	$ (248)
Tax Credit Vehicles | Other assets
Investments in Affordable Housing Projects [Abstract]
Investments in affordable housing project investments	10,000		10,000
Tax Credit Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	$ 19,000		$ 18,900

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Total goodwill	$ 68,951	$ 68,951
Operating Segments | Consumer Banking
Goodwill [Line Items]
Total goodwill	30,123	30,123
Operating Segments | Global Wealth & Investment Management
Goodwill [Line Items]
Total goodwill	9,677	9,677
Operating Segments | Global Banking
Goodwill [Line Items]
Total goodwill	23,923	23,923
Operating Segments | Global Markets
Goodwill [Line Items]
Total goodwill	5,182	5,182
All Other
Goodwill [Line Items]
Total goodwill	$ 46	$ 46

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 1,600		$ 1,700
Amortization of intangibles	16	$ 26
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 1,600		$ 1,600

Leases - Lessor Arrangements (D

Leases - Lessor Arrangements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Leases [Abstract]
Net investment in sales-type and direct financing leases	$ 21,300		$ 21,900
Net investment in sales-type and direct financing leases, lease receivables	18,800		19,300
Net investment in sales-type and direct financing leases, unguaranteed residuals	2,500		2,600
Unguaranteed residual asset with third-party residual value insurance	6,200		$ 5,800
Lease income	440	$ 426
Sales-type and direct financing leases, income	197	205
Operating lease, income	$ 243	$ 221

Leases - Lessee Arrangements (D

Leases - Lessee Arrangements (Details) - USD ($) $ in Billions	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Right-of-use asset	$ 10.1	$ 9.7
Lease liability	$ 10.4	$ 10.1

Federal Funds Sold or Purchas_3

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash - Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Federal funds purchased and securities loaned or sold under agreements to repurchase
Amount
Average during period	$ 199,539	$ 200,154
Maximum month-end balance during period	$ 206,493	$ 200,486
Rate
Average during period	1.60%	2.44%
Short-term borrowings
Amount
Average during period	$ 26,430	$ 15,432
Maximum month-end balance during period	$ 30,118	$ 14,848
Rate
Average during period	1.62%	2.95%
Federal funds sold and securities borrowed or purchased under agreements to resell
Amount
Average during period	$ 278,794	$ 274,308
Maximum month-end balance during period	$ 301,969	$ 280,562
Rate
Average during period	1.18%	1.77%

Federal Funds Sold or Purchas_4

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash - Securities Financing Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Securities borrowed or purchased under agreements to resell:
Gross Assets	$ 461,366	$ 434,257
Amounts Offset	(159,397)	(159,660)
Net Balance Sheet Amount	301,969	274,597
Financial Instruments	(266,713)	(244,486)
Net Assets	35,256	30,111
Securities loaned or sold under agreements to repurchase
Gross Liabilities	329,440	324,769
Amounts Offset	(159,397)	(159,660)
Net Balance Sheet Amount	170,043	165,109
Financial Instruments	(147,064)	(141,482)
Net Liabilities	22,979	23,627
Other:
Gross Liabilities	6,618	15,346
Amounts Offset	0	0
Net Balance Sheet Amount	6,618	15,346
Financial Instruments	(6,618)	(15,346)
Net Liabilities	0	0
Total Securities Financing Agreements Liability:
Gross Liabilities	336,058	340,115
Amounts Offset	(159,397)	(159,660)
Net Balance Sheet Amount	176,661	180,455
Financial Instruments	(153,682)	(156,828)
Net Liabilities	22,979	23,627
Loans and leases repurchase activity	$ 13,100	$ 12,900

Federal Funds Sold or Purchas_5

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash - Remaining Contractual Maturity (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 309,309	$ 299,384
Securities loaned	20,131	25,385
Other	6,618	15,346
Total	$ 336,058	$ 340,115
Maximum agreement maturity period (less than)	3 years	3 years
Overnight and Continuous
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 142,680	$ 129,455
Securities loaned	16,658	18,766
Other	6,618	15,346
Total	165,956	163,567
30 Days or Less
Remaining Contractual Maturity
Securities sold under agreements to repurchase	104,485	122,685
Securities loaned	523	3,329
Other	0	0
Total	105,008	126,014
After 30 Days Through 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	29,017	25,322
Securities loaned	779	1,241
Other	0	0
Total	29,796	26,563
Greater than 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	33,127	21,922
Securities loaned	2,171	2,049
Other	0	0
Total	$ 35,298	$ 23,971

Federal Funds Sold or Purchas_6

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash - Class of Collateral Pledged (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	$ 309,309	$ 299,384
Securities Loaned	20,131	25,385
Other	6,618	15,346
Total	336,058	340,115
U.S. government and agency securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	174,900	173,533
Securities Loaned	0	1
Other	0	0
Total	174,900	173,534
Corporate securities, trading loans and other
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	10,801	10,467
Securities Loaned	2,394	2,014
Other	241	258
Total	13,436	12,739
Equity securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	11,252	14,933
Securities Loaned	15,872	20,026
Other	6,324	15,024
Total	33,448	49,983
Non-U.S. sovereign debt
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	107,565	96,576
Securities Loaned	1,865	3,344
Other	53	64
Total	109,483	99,984
Mortgage trading loans and ABS
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	4,791	3,875
Securities Loaned	0	0
Other	0	0
Total	$ 4,791	$ 3,875

Federal Funds Sold or Purchas_7

Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash - Restricted Cash (Details) - USD ($) $ in Billions	Mar. 31, 2020	Dec. 31, 2019
Federal Funds Sold, Securities Borrowed or Purchased Under Agreements to Resell and Short-term Borrowings [Abstract]
Restricted cash	$ 7.4	$ 24.4

Commitments and Contingencies -

Commitments and Contingencies - Credit Extension Commitments Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Legally binding unfunded commitments syndicated	$ 10,500	$ 10,600
Carrying amount credit extension commitments syndicated	1,400	829
Deferred revenue	18	16
Other liabilities reserve for unfunded lending commitments	1,360	813
Notional amount of credit extension commitments under fair value option	3,800	4,400
Unfunded loan commitments
Other Commitments [Line Items]
Fair value carrying amount, liabilities	$ 207	$ 90

Commitments and Contingencies_2

Commitments and Contingencies - Credit Extension Commitments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Expire in One Year or Less	$ 503,196	$ 497,125
Expire After One Year Through Three Years	137,845	161,714
Expire After Three Years Through Five Years	153,328	183,827
Expire After Five Years	51,190	59,054
Total	845,559	901,720
Legally binding commitments
Other Commitments [Line Items]
Expire in One Year or Less	117,303	121,058
Expire After One Year Through Three Years	137,845	161,714
Expire After Three Years Through Five Years	153,328	183,827
Expire After Five Years	51,190	59,054
Total	459,666	525,653
Loan commitments
Other Commitments [Line Items]
Expire in One Year or Less	91,682	97,454
Expire After One Year Through Three Years	126,412	148,000
Expire After Three Years Through Five Years	142,815	173,699
Expire After Five Years	17,232	24,487
Total	378,141	443,640
Unfunded loan commitment, held as a security
Other Commitments [Line Items]
Total	4,400	5,100
Home equity lines of credit
Other Commitments [Line Items]
Expire in One Year or Less	948	1,137
Expire After One Year Through Three Years	2,085	1,948
Expire After Three Years Through Five Years	7,109	6,351
Expire After Five Years	33,530	34,134
Total	43,672	43,570
Standby letters of credit and financial guarantees
Other Commitments [Line Items]
Expire in One Year or Less	23,695	21,311
Expire After One Year Through Three Years	9,201	11,512
Expire After Three Years Through Five Years	3,346	3,712
Expire After Five Years	375	408
Total	36,617	36,943
Standby letters of credit and financial guarantees | Credit Card and Other Consumer
Other Commitments [Line Items]
Total	439	413
Standby letters of credit and financial guarantees | Investment grade
Other Commitments [Line Items]
Total	27,200	27,900
Standby letters of credit and financial guarantees | Non-investment grade
Other Commitments [Line Items]
Total	9,000	8,600
Letters of credit
Other Commitments [Line Items]
Expire in One Year or Less	978	1,156
Expire After One Year Through Three Years	147	254
Expire After Three Years Through Five Years	58	65
Expire After Five Years	53	25
Total	1,236	1,500
Letters of credit | Consolidated VIEs
Other Commitments [Line Items]
Total	1,700	1,400
Credit card lines
Other Commitments [Line Items]
Expire in One Year or Less	385,893	376,067
Expire After One Year Through Three Years	0	0
Expire After Three Years Through Five Years	0	0
Expire After Five Years	0	0
Total	$ 385,893	$ 376,067

Commitments and Contingencies_3

Commitments and Contingencies - Other Commitments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Liquefied Natural Gas Commodities
Loss Contingencies [Line Items]
Other commitments	$ 488	$ 830
Forward-Dated Securities Agreements
Loss Contingencies [Line Items]
Other commitment, period	12 months
Resale and Forward-Dated Resale and Securities Borrowing Agreements
Loss Contingencies [Line Items]
Other commitments	$ 81,600	97,200
Forward-Dated Repurchase and Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitments	33,300	24,900
Auto Loans and Leases
Loss Contingencies [Line Items]
Other commitment, due in next twelve months	$ 3,400	3,300
Other commitment, termination prior notice period	12 months
Residential and Commercial Portfolio Segments | Residential and Commercial Financing Receivable | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 141	86
Commercial portfolio | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 1,100	$ 1,100

Commitments and Contingencies_4

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Loss Contingencies [Line Items]
Non-cash pretax impairment charge			$ 2,100
Subsidiary, ownership interest, percentage	100.00%
Merchant Servicing Joint Venture
Loss Contingencies [Line Items]
Equity method investment, ownership percentage	49.00%
Carrying value of investment	$ 649		640
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	203,700	$ 205,600
Losses as result of cardholder disputed transactions	$ 7	$ 4
BofA Finance LLC
Loss Contingencies [Line Items]
Subsidiary, ownership interest, percentage	100.00%
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	$ 7,300
Maximum potential exposure	1,100		1,100
Merchant Services | Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Maximum potential exposure	365,700		384,200
FICC Repo Program
Loss Contingencies [Line Items]
Maximum potential exposure	5,400		9,300
Other Guarantee
Loss Contingencies [Line Items]
Maximum potential exposure	8,800		8,700
Representations and Warranties Obligations and Corporate Guarantees
Loss Contingencies [Line Items]
Loss contingency accrual	$ 1,400		$ 1,800

Commitments and Contingencies_5

Commitments and Contingencies - Litigation and Regulatory Matters (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loss Contingencies [Line Items]
Litigation settlement expense	$ 24,000,000	$ 73,000,000
Minimum
Loss Contingencies [Line Items]
Estimated range of possible loss	0
Maximum
Loss Contingencies [Line Items]
Estimated range of possible loss	$ 1,600,000,000

Shareholders' Equity - Declared

Shareholders' Equity - Declared Quarterly Cash Dividends on Common Stock (Details) - $ / shares	Apr. 22, 2020	Jan. 29, 2020
Subsequent Event [Line Items]
Dividends per share (in dollars per share)		$ 0.18
Subsequent Event
Subsequent Event [Line Items]
Dividends per share (in dollars per share)	$ 0.18

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Common Stock
Common stock repurchased	$ 6,362	$ 6,263
Common Stock
Common Stock
Common stock repurchased (in shares)	200
Common stock repurchased	$ 6,400
Stock issued (in shares)	63
Shares paid for tax withholding for share based compensation (in shares)	24
Share-based compensation, number of shares authorized (in shares)	517

Shareholders' Equity - Preferre

Shareholders' Equity - Preferred Stock (Details) - USD ($)	Jan. 24, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Class of Stock [Line Items]
Preferred stock dividends		$ 469,000,000	$ 442,000,000
Preferred stock issued (in shares)		3,887,440		3,887,440
Issuance of preferred stock		$ 1,098,000,000
Series MM Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares)	44,000
Issuance of preferred stock	$ 1,100,000,000
Liquidation preference	$ 25,000
Series Y Preferred Stock
Class of Stock [Line Items]
Repurchase of redeemable preferred stock		1,100,000,000
Retained Earnings
Class of Stock [Line Items]
Preferred stock dividends		$ 469,000,000	$ 442,000,000

Shareholders' Equity - Restrict

Shareholders' Equity - Restricted Stock Units (Details) - Restricted Stock Units (RSUs) shares in Millions	3 Months Ended
	Mar. 31, 2020shares
Key Employee Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	86
Key Employee Equity Plan, 3-year Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	61
Number of vesting installments	3 years
Key Employee Equity Plan, 3-year Vesting | Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.333%
Key Employee Equity Plan, 3-year Vesting | Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.333%
Key Employee Equity Plan, 3-year Vesting | Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.333%
Key Employee Equity Plan, 4-year Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	25
Number of vesting installments	4 years
Key Employee Equity Plan, 4-year Vesting | Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Key Employee Equity Plan, 4-year Vesting | Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Key Employee Equity Plan, 4-year Vesting | Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Key Employee Equity Plan, 4-year Vesting | Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings per common share
Net income	$ 4,010	$ 7,311
Preferred stock dividends	(469)	(442)
Net income applicable to common shareholders	$ 3,541	$ 6,869
Average common shares issued and outstanding (in shares)	8,815.6	9,725.9
Earnings per common share (in dollars per share)	$ 0.40	$ 0.71
Diluted earnings per common share
Net income applicable to common shareholders	$ 3,541	$ 6,869
Average common shares issued and outstanding (in shares)	8,815.6	9,725.9
Dilutive potential common shares (in shares)	47.1	61.4
Total diluted average common shares issued and outstanding (in shares)	8,862.7	9,787.3
Diluted earnings per common share (in dollars per share)	$ 0.40	$ 0.70

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Series L Preferred Stock | Convertible Preferred Stock Subject to Mandatory Redemption
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share (in shares)	62	62
Common Stock | Warrant
Dilutive Securities
Incremental common shares attributable to dilutive effect of call options and warrants (in shares)		14

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in Accumulated OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 264,810	$ 265,325
Net change	6,513	2,169
Ending Balance	264,918	267,010
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(6,633)	(12,211)
Net change	6,513	2,169
Ending Balance	(120)	(10,042)
Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	323	(5,552)
Net change	4,795	2,309
Ending Balance	5,118	(3,243)
Debit Valuation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(1,494)	(531)
Net change	1,346	(363)
Ending Balance	(148)	(894)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(400)	(1,016)
Net change	417	229
Ending Balance	17	(787)
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(4,168)	(4,304)
Net change	43	28
Ending Balance	(4,125)	(4,276)
Foreign Currency
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(894)	(808)
Net change	(88)	(34)
Ending Balance	$ (982)	$ (842)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in OCI Components Pre- and After-tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
After- tax
Comprehensive income	$ 10,523	$ 9,480
Total other comprehensive income (loss)
Pretax
Net change	8,975	2,926
Tax effect
Net change	(2,462)	(757)
After- tax
Comprehensive income	6,513	2,169
Debt Securities
Pretax
Net increase (decrease) in fair value	6,701	3,075
Net realized (gains) losses reclassified into earnings	(315)	(4)
Net change	6,386	3,071
Tax effect
Net increase (decrease) in fair value	(1,670)	(763)
Net realized (gains) losses reclassified into earnings	79	1
Net change	(1,591)	(762)
After- tax
Other comprehensive income (loss) before reclassification, net of tax	5,031	2,312
Net realized (gains) losses reclassified into earnings	(236)	(3)
Comprehensive income	4,795	2,309
Debit Valuation Adjustments
Pretax
Net increase (decrease) in fair value	1,751	(475)
Net realized (gains) losses reclassified into earnings	4	3
Net change	1,755	(472)
Tax effect
Net increase (decrease) in fair value	(408)	110
Net realized (gains) losses reclassified into earnings	(1)	(1)
Net change	(409)	109
After- tax
Other comprehensive income (loss) before reclassification, net of tax	1,343	(365)
Net realized (gains) losses reclassified into earnings	3	2
Comprehensive income	1,346	(363)
Derivatives
Pretax
Net increase (decrease) in fair value	520	264
Net realized (gains) losses reclassified into earnings	29	23
Net change	549	287
Tax effect
Net increase (decrease) in fair value	(125)	(52)
Net realized (gains) losses reclassified into earnings	(7)	(6)
Net change	(132)	(58)
After- tax
Other comprehensive income (loss) before reclassification, net of tax	395	212
Net realized (gains) losses reclassified into earnings	22	17
Comprehensive income	417	229
Derivatives | Net interest income
Pretax
Net realized (gains) losses reclassified into earnings	29	23
Tax effect
Net realized (gains) losses reclassified into earnings	(7)	(6)
After- tax
Net realized (gains) losses reclassified into earnings	22	17
Employee Benefit Plans
Pretax
Net realized (gains) losses reclassified into earnings	57	35
Net change	57	35
Tax effect
Net realized (gains) losses reclassified into earnings	(14)	(7)
Net change	(14)	(7)
After- tax
Net realized (gains) losses reclassified into earnings	43	28
Comprehensive income	43	28
Foreign Currency
Pretax
Net increase (decrease) in fair value	228	5
Net change	228	5
Tax effect
Net increase (decrease) in fair value	(316)	(39)
Net change	(316)	(39)
After- tax
Other comprehensive income (loss) before reclassification, net of tax	(88)	(34)
Comprehensive income	$ (88)	$ (34)

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell	$ 49,033	$ 50,364
Trading account assets	193,323	229,826
Derivative assets, gross	526,300	344,800
Derivative assets	57,654	40,485
Total available-for-sale debt securities	206,221	245,639
Other debt securities carried at fair value	14,883	10,828
Loans and leases	9,016	8,335
Loans held-for-sale	3,609	3,709
Other assets	6,789	15,518
Liabilities
Interest-bearing deposits in U.S. offices	589	508
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	17,192	16,008
Derivative liabilities, gross	510,600	337,100
Derivative liabilities	54,658	38,229
Short-term borrowings	3,020	3,941
Long-term debt	32,163	34,975
U.S. Treasury and agency securities
Assets
Total available-for-sale debt securities	68,696	68,528
Agency
Assets
Total available-for-sale debt securities	79,461	122,528
Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	4,551	4,641
Non-agency residential
Assets
Total available-for-sale debt securities	932	1,077
Commercial
Assets
Total available-for-sale debt securities	15,602	15,021
Other taxable securities
Assets
Total available-for-sale debt securities	5,892	3,941
Tax-exempt securities
Assets
Total available-for-sale debt securities	18,840	17,912
Recurring
Assets
Time deposits placed and other short-term investments	1,084	1,000
Federal funds sold and securities borrowed or purchased under agreements to resell	49,033	50,364
Trading account assets	193,323	229,826
Netting adjustments	(468,567)	(304,262)
Derivative assets	57,654	40,485
Total available-for-sale debt securities	206,221	245,639
Other debt securities carried at fair value	14,883	10,828
Loans and leases	9,016	8,335
Loans held-for-sale	3,609	3,709
Other assets	6,789	15,518
Total assets	541,612	605,704
Liabilities
Interest-bearing deposits in U.S. offices	589	508
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	17,192	16,008
Total trading account liabilities	77,151	83,270
Netting adjustment	(455,898)	(298,918)
Derivative liabilities	54,658	38,229
Short-term borrowings	3,020	3,941
Accrued expenses and other liabilities	6,825	15,434
Long-term debt	32,163	34,975
Total liabilities	191,598	192,365
Mortgage servicing rights	$ 1,200	$ 1,500
Level 3 recurring assets, as a percent of total assets	0.39%	0.42%
Level 3 recurring liabilities, as a percent of total liabilities	0.23%	0.27%
Recurring | U.S. Treasury and agency securities
Assets
Trading account assets	$ 41,818	$ 53,674
Liabilities
Total trading account liabilities	12,677	13,422
Recurring | Corporate securities, trading loans and other
Assets
Trading account assets	29,144	26,733
Liabilities
Total trading account liabilities	5,459	5,493
Recurring | Equity securities
Assets
Trading account assets	67,189	86,455
Liabilities
Total trading account liabilities	42,155	42,294
Recurring | Non-U.S. sovereign debt
Assets
Trading account assets	30,774	28,301
Liabilities
Total trading account liabilities	16,860	22,061
Recurring | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	14,605	24,324
Recurring | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	9,793	10,339
Recurring | U.S. Treasury and agency securities
Assets
Total available-for-sale debt securities	68,696	68,528
Other debt securities carried at fair value	4	3
Recurring | Agency
Assets
Total available-for-sale debt securities	79,461	122,528
Other debt securities carried at fair value	6,089	3,003
Recurring | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	4,551	4,641
Recurring | Non-agency residential
Assets
Total available-for-sale debt securities	932	1,077
Other debt securities carried at fair value	1,122	1,334
Recurring | Commercial
Assets
Total available-for-sale debt securities	15,602	15,021
Recurring | Non-U.S. securities
Assets
Total available-for-sale debt securities	12,247	11,991
Recurring | Other taxable securities
Assets
Total available-for-sale debt securities	5,892	3,941
Recurring | Tax-exempt securities
Assets
Total available-for-sale debt securities	18,840	17,912
Recurring | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	7,668	6,488
Recurring | US Government-sponsored enterprises debt securities
Assets
Trading account assets	16,000	26,700
Recurring | Securities gegregated for compliance or deposited with clearing organizations
Assets
Trading account assets	11,000	14,700
Recurring | Level 1
Assets
Time deposits placed and other short-term investments	1,084	1,000
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	87,003	107,079
Derivative assets, gross	26,134	14,079
Total available-for-sale debt securities	67,764	67,332
Other debt securities carried at fair value	3,689	403
Loans and leases	0	0
Loans held-for-sale	0	0
Other assets	3,864	11,782
Total assets	189,538	201,675
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	0	0
Total trading account liabilities	55,994	62,039
Derivative liabilities, gross	25,638	11,904
Short-term borrowings	0	0
Accrued expenses and other liabilities	5,541	13,927
Long-term debt	0	0
Total liabilities	87,173	87,870
Recurring | Level 1 | U.S. Treasury and agency securities
Assets
Trading account assets	37,646	49,517
Liabilities
Total trading account liabilities	12,276	13,140
Recurring | Level 1 | Corporate securities, trading loans and other
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring | Level 1 | Equity securities
Assets
Trading account assets	41,486	53,597
Liabilities
Total trading account liabilities	36,692	38,148
Recurring | Level 1 | Non-U.S. sovereign debt
Assets
Trading account assets	7,871	3,965
Liabilities
Total trading account liabilities	7,026	10,751
Recurring | Level 1 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	0	0
Recurring | Level 1 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	0	0
Recurring | Level 1 | U.S. Treasury and agency securities
Assets
Total available-for-sale debt securities	67,763	67,332
Other debt securities carried at fair value	4	3
Recurring | Level 1 | Agency
Assets
Total available-for-sale debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 1 | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 1 | Non-agency residential
Assets
Total available-for-sale debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 1 | Commercial
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 1 | Non-U.S. securities
Assets
Total available-for-sale debt securities	1	0
Recurring | Level 1 | Other taxable securities
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 1 | Tax-exempt securities
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 1 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	3,685	400
Recurring | Level 2
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	49,033	50,364
Trading account assets	102,448	118,966
Derivative assets, gross	498,231	328,442
Total available-for-sale debt securities	137,764	177,708
Other debt securities carried at fair value	10,925	10,126
Loans and leases	8,458	7,642
Loans held-for-sale	2,532	3,334
Other assets	965	1,376
Total assets	810,356	697,958
Liabilities
Interest-bearing deposits in U.S. offices	589	508
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	17,192	16,008
Total trading account liabilities	21,136	21,214
Derivative liabilities, gross	480,153	320,479
Short-term borrowings	3,020	3,941
Accrued expenses and other liabilities	1,284	1,507
Long-term debt	31,442	33,826
Total liabilities	554,816	397,483
Recurring | Level 2 | U.S. Treasury and agency securities
Assets
Trading account assets	4,172	4,157
Liabilities
Total trading account liabilities	401	282
Recurring | Level 2 | Corporate securities, trading loans and other
Assets
Trading account assets	27,504	25,226
Liabilities
Total trading account liabilities	5,439	5,478
Recurring | Level 2 | Equity securities
Assets
Trading account assets	25,454	32,619
Liabilities
Total trading account liabilities	5,462	4,144
Recurring | Level 2 | Non-U.S. sovereign debt
Assets
Trading account assets	22,653	23,854
Liabilities
Total trading account liabilities	9,834	11,310
Recurring | Level 2 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	14,605	24,324
Recurring | Level 2 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	8,060	8,786
Recurring | Level 2 | U.S. Treasury and agency securities
Assets
Total available-for-sale debt securities	933	1,196
Other debt securities carried at fair value	0	0
Recurring | Level 2 | Agency
Assets
Total available-for-sale debt securities	79,461	122,528
Other debt securities carried at fair value	6,089	3,003
Recurring | Level 2 | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	4,551	4,641
Recurring | Level 2 | Non-agency residential
Assets
Total available-for-sale debt securities	408	653
Other debt securities carried at fair value	853	1,035
Recurring | Level 2 | Commercial
Assets
Total available-for-sale debt securities	15,602	15,021
Recurring | Level 2 | Non-U.S. securities
Assets
Total available-for-sale debt securities	12,245	11,989
Recurring | Level 2 | Other taxable securities
Assets
Total available-for-sale debt securities	5,824	3,876
Recurring | Level 2 | Tax-exempt securities
Assets
Total available-for-sale debt securities	18,740	17,804
Recurring | Level 2 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	3,983	6,088
Recurring | Level 3
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	3,872	3,781
Derivative assets, gross	1,856	2,226	$ 3,500
Total available-for-sale debt securities	693	599
Other debt securities carried at fair value	269	299
Loans and leases	558	693
Loans held-for-sale	1,077	375
Other assets	1,960	2,360
Total assets	10,285	10,333
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase, measured at fair value	0	0
Total trading account liabilities	21	17
Derivative liabilities, gross	4,765	4,764	$ 4,500
Short-term borrowings	0	0
Accrued expenses and other liabilities	0	0
Long-term debt	721	1,149
Total liabilities	5,507	5,930
Mortgage servicing rights	1,164	1,545
Recurring | Level 3 | U.S. Treasury and agency securities
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | Corporate securities, trading loans and other
Assets
Trading account assets	1,640	1,507
Liabilities
Total trading account liabilities	20	15
Recurring | Level 3 | Equity securities
Assets
Trading account assets	249	239
Liabilities
Total trading account liabilities	1	2
Recurring | Level 3 | Non-U.S. sovereign debt
Assets
Trading account assets	250	482
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	0	0
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	1,733	1,553
Recurring | Level 3 | U.S. Treasury and agency securities
Assets
Total available-for-sale debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 3 | Agency
Assets
Total available-for-sale debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 3 | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 3 | Non-agency residential
Assets
Total available-for-sale debt securities	524	424
Other debt securities carried at fair value	269	299
Recurring | Level 3 | Commercial
Assets
Total available-for-sale debt securities	0	0
Recurring | Level 3 | Non-U.S. securities
Assets
Total available-for-sale debt securities	1	2
Recurring | Level 3 | Other taxable securities
Assets
Total available-for-sale debt securities	68	65
Recurring | Level 3 | Tax-exempt securities
Assets
Total available-for-sale debt securities	100	108
Recurring | Level 3 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	$ 0	$ 0

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ 67	$ 96
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning	(2,538)	(935)
Total realized and unrealized gains (losses) included in Net Income	346	(25)
Gains (losses) in OCI	0	0
Purchases	40	111
Sales	(148)	(245)
Issuances	0	0
Settlements	12	(55)
Gross Transfers into Level 3	(528)	122
Gross Transfers out of Level 3	(93)	9
Balance, ending	(2,909)	(1,018)
Change in unrealized gains/(losses) In net income related to financial instruments still held	279	(25)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative assets, gross	526,300		$ 344,800
Derivative liabilities, gross	510,600		337,100
Trading account liabilities – Equity securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(2)
Total realized and unrealized gains (losses) included in Net Income	1
Gains (losses) in OCI	0
Purchases	0
Sales	0
Issuances	0
Settlements	0
Gross Transfers into Level 3	0
Gross Transfers out of Level 3	0
Balance, ending	(1)
Change in unrealized gains/(losses) In net income related to financial instruments still held	1
Trading account liabilities – Corporate securities and other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(15)	(18)
Total realized and unrealized gains (losses) included in Net Income	1	0
Gains (losses) in OCI	0	0
Purchases	(6)	0
Sales	0	(3)
Issuances	0	0
Settlements	0	0
Gross Transfers into Level 3	0	0
Gross Transfers out of Level 3	0	0
Balance, ending	(20)	(21)
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	0
Long-term debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(1,149)	(817)
Total realized and unrealized gains (losses) included in Net Income	127	(46)
Gains (losses) in OCI	187	(1)
Purchases	8	0
Sales	0	0
Issuances	(13)	(3)
Settlements	141	38
Gross Transfers into Level 3	(23)	(61)
Gross Transfers out of Level 3	1	0
Balance, ending	(721)	(890)
Change in unrealized gains/(losses) In net income related to financial instruments still held	126	(46)
Level 3 | Recurring
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative assets, gross	1,856	3,500	2,226
Derivative liabilities, gross	4,765	4,500	$ 4,764
Corporate securities, trading loans and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,507	1,558
Total realized and unrealized gains (losses) included in Net Income	(103)	3
Gains (losses) in OCI	(1)	0
Purchases	216	54
Sales	(90)	(73)
Issuances	8	0
Settlements	(32)	(60)
Gross Transfers into Level 3	237	139
Gross Transfers out of Level 3	(102)	(193)
Balance, ending	1,640	1,428
Change in unrealized gains/(losses) In net income related to financial instruments still held	(108)	(8)
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	239	276
Total realized and unrealized gains (losses) included in Net Income	(26)	2
Gains (losses) in OCI	0	0
Purchases	26	18
Sales	(11)	(1)
Issuances	0	0
Settlements	0	(3)
Gross Transfers into Level 3	25	2
Gross Transfers out of Level 3	(4)	(6)
Balance, ending	249	288
Change in unrealized gains/(losses) In net income related to financial instruments still held	(27)	2
Non-U.S. sovereign debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	482	465
Total realized and unrealized gains (losses) included in Net Income	2	8
Gains (losses) in OCI	(53)	(1)
Purchases	73	0
Sales	(48)	0
Issuances	0	0
Settlements	(10)	0
Gross Transfers into Level 3	17	0
Gross Transfers out of Level 3	(213)	0
Balance, ending	250	472
Change in unrealized gains/(losses) In net income related to financial instruments still held	3	8
Mortgage trading loans, ABS and other MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,553	1,635
Total realized and unrealized gains (losses) included in Net Income	(125)	38
Gains (losses) in OCI	(2)	(1)
Purchases	362	230
Sales	(245)	(337)
Issuances	0	0
Settlements	(19)	(9)
Gross Transfers into Level 3	233	89
Gross Transfers out of Level 3	(24)	(135)
Balance, ending	1,733	1,510
Change in unrealized gains/(losses) In net income related to financial instruments still held	(129)	27
Trading account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,781	3,934
Total realized and unrealized gains (losses) included in Net Income	(252)	51
Gains (losses) in OCI	(56)	(2)
Purchases	677	302
Sales	(394)	(411)
Issuances	8	0
Settlements	(61)	(72)
Gross Transfers into Level 3	512	230
Gross Transfers out of Level 3	(343)	(334)
Balance, ending	3,872	3,698
Change in unrealized gains/(losses) In net income related to financial instruments still held	(261)	29
Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	424	597
Total realized and unrealized gains (losses) included in Net Income	(3)	0
Gains (losses) in OCI	(13)	93
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(12)	(7)
Gross Transfers into Level 3	128	159
Gross Transfers out of Level 3	0	(261)
Balance, ending	524	581
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0
Non-U.S. securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2	2
Total realized and unrealized gains (losses) included in Net Income	0	0
Gains (losses) in OCI	0	0
Purchases	0	0
Sales	(1)	0
Issuances	0	0
Settlements	0	0
Gross Transfers into Level 3	0	0
Gross Transfers out of Level 3	0	0
Balance, ending	1	2
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0
Other taxable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	65	7
Total realized and unrealized gains (losses) included in Net Income	0	0
Gains (losses) in OCI	0	0
Purchases	3	0
Sales	0	0
Issuances	0	0
Settlements	0	(4)
Gross Transfers into Level 3	0	0
Gross Transfers out of Level 3	0	0
Balance, ending	68	3
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0
Tax-exempt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	108
Total realized and unrealized gains (losses) included in Net Income	(10)
Gains (losses) in OCI	2
Purchases	0
Sales	0
Issuances	0
Settlements	0
Gross Transfers into Level 3	0
Gross Transfers out of Level 3	0
Balance, ending	100
Change in unrealized gains/(losses) In net income related to financial instruments still held	0
Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	599	606
Total realized and unrealized gains (losses) included in Net Income	(13)	0
Gains (losses) in OCI	(11)	93
Purchases	3	0
Sales	(1)	0
Issuances	0	0
Settlements	(12)	(11)
Gross Transfers into Level 3	128	159
Gross Transfers out of Level 3	0	(261)
Balance, ending	693	586
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0
Other debt securities carried at fair value – Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	299	172
Total realized and unrealized gains (losses) included in Net Income	(49)	47
Gains (losses) in OCI	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(4)	(1)
Gross Transfers into Level 3	26	38
Gross Transfers out of Level 3	(3)	(32)
Balance, ending	269	224
Change in unrealized gains/(losses) In net income related to financial instruments still held	(49)	47
Loans and leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	693	338
Total realized and unrealized gains (losses) included in Net Income	(119)	4
Gains (losses) in OCI	0	0
Purchases	0	0
Sales	0	(15)
Issuances	0	0
Settlements	(16)	(10)
Gross Transfers into Level 3	0	0
Gross Transfers out of Level 3	0	0
Balance, ending	558	317
Change in unrealized gains/(losses) In net income related to financial instruments still held	(107)	4
Loans held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	375	542
Total realized and unrealized gains (losses) included in Net Income	(9)	12
Gains (losses) in OCI	(28)	(2)
Purchases	0	10
Sales	0	(21)
Issuances	691	11
Settlements	(45)	(53)
Gross Transfers into Level 3	93	59
Gross Transfers out of Level 3	0	0
Balance, ending	1,077	558
Change in unrealized gains/(losses) In net income related to financial instruments still held	(15)	4
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,360	2,932
Total realized and unrealized gains (losses) included in Net Income	(251)	(74)
Gains (losses) in OCI	(30)	8
Purchases	0	0
Sales	1	0
Issuances	20	41
Settlements	(142)	(158)
Gross Transfers into Level 3	2	0
Gross Transfers out of Level 3	0	0
Balance, ending	1,960	2,749
Change in unrealized gains/(losses) In net income related to financial instruments still held	$ (287)	$ (128)

Fair Value Measurements - Rec_2

Fair Value Measurements - Recurring Fair Value Inputs (Details)	Mar. 31, 2020USD ($)$ / security$ / MMBTUyear	Dec. 31, 2019USD ($)$ / security$ / MMBTUyear
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 6,789,000,000	$ 15,518,000,000
Long-term debt	(32,163,000,000)	(34,975,000,000)
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	6,789,000,000	15,518,000,000
MSRs	1,200,000,000	1,500,000,000
Long-term debt	(32,163,000,000)	(34,975,000,000)
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	1,567,000,000	1,407,000,000
Instruments backed by commercial real estate assets	1,224,000,000	303,000,000
Commercial loans, debt securities and other	3,429,000,000	3,798,000,000
Other assets, primarily auction rate securities	1,960,000,000	2,360,000,000
MSRs	1,164,000,000	1,545,000,000
Long-term debt	(721,000,000)	(1,149,000,000)
Net derivative asset (liability)	$ (2,909,000,000)	$ (2,538,000,000)
Recurring | Level 3 | Yield | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.01	0.01
Recurring | Level 3 | Yield | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0	0
Recurring | Level 3 | Yield | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.02	0.02
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.25	0.25
Commercial loans, debt securities and other	0.25	0.20
Recurring | Level 3 | Yield | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.25	0.30
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.07	0.06
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.07	0.06
Commercial loans, debt securities and other	0.07	0.06
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.03	0.14
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.07	0.05
Recurring | Level 3 | Prepayment speed | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.01	0.01
Commercial loans, debt securities and other	0.10	0.10
Recurring | Level 3 | Prepayment speed | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.32	0.27
Commercial loans, debt securities and other	0.20	0.20
Recurring | Level 3 | Prepayment speed | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.21	0.17
Commercial loans, debt securities and other	0.15	0.13
Recurring | Level 3 | Default rate | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.03	0.03
Recurring | Level 3 | Default rate | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.03	0.03
Commercial loans, debt securities and other	0.04	0.04
Recurring | Level 3 | Default rate | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.01	0.01
Commercial loans, debt securities and other	0.04	0.04
Recurring | Level 3 | Loss severity | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.35	0.35
Recurring | Level 3 | Loss severity | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.47	0.47
Commercial loans, debt securities and other	0.40	0.40
Recurring | Level 3 | Loss severity | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.14	0.14
Commercial loans, debt securities and other	0.38	0.38
Recurring | Level 3 | Price | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	0	0
Commercial loans, debt securities and other	0	0
Other assets, primarily auction rate securities | $ / security	10	10
Recurring | Level 3 | Price | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	0	0
Recurring | Level 3 | Price | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	0	0
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	160	160
Commercial loans, debt securities and other	142	142
Other assets, primarily auction rate securities | $ / security	99	100
Recurring | Level 3 | Price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	103	100
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	115	116
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	98	94
Commercial loans, debt securities and other | $ / security	68	72
Other assets, primarily auction rate securities | $ / security	95	96
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	60	55
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	74	74
Recurring | Level 3 | Weighted-average life, fixed rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	0	0
Recurring | Level 3 | Weighted-average life, fixed rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	14	14
Recurring | Level 3 | Weighted-average life, fixed rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	4	5
Recurring | Level 3 | Weighted-average life, variable rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	0	0
Recurring | Level 3 | Weighted-average life, variable rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	9	9
Recurring | Level 3 | Weighted-average life, variable rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs | year	3	3
Recurring | Level 3 | Option-adjusted spread, fixed rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.07	0.07
Recurring | Level 3 | Option-adjusted spread, fixed rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.14	0.14
Recurring | Level 3 | Option-adjusted spread, fixed rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring | Level 3 | Option-adjusted spread, variable rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring | Level 3 | Option-adjusted spread, variable rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.15	0.15
Recurring | Level 3 | Option-adjusted spread, variable rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.11	0.11
Recurring | Level 3 | Equity correlation | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.06	0.09
Recurring | Level 3 | Equity correlation | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	1	1
Recurring | Level 3 | Equity correlation | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.68	0.63
Recurring | Level 3 | Long-dated equity volatilities | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other	0.78	0.35
Recurring | Level 3 | Long-dated equity volatilities | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.12	0.04
Recurring | Level 3 | Long-dated equity volatilities | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	2.90	1.01
Recurring | Level 3 | Long-dated equity volatilities | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.34	0.32
Recurring | Level 3 | Natural gas forward price | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	1	1
Recurring | Level 3 | Natural gas forward price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	5	5
Recurring | Level 3 | Natural gas forward price | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	3	3
Recurring | Level 3 | Credit derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (12,000,000)	$ 13,000,000
Recurring | Level 3 | Credit derivatives | Yield | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.05
Recurring | Level 3 | Credit derivatives | Yield | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.05
Recurring | Level 3 | Credit derivatives | Prepayment speed | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.15
Recurring | Level 3 | Credit derivatives | Prepayment speed | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1	1
Recurring | Level 3 | Credit derivatives | Prepayment speed | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.26	0.22
Recurring | Level 3 | Credit derivatives | Default rate | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02
Recurring | Level 3 | Credit derivatives | Default rate | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.01
Recurring | Level 3 | Credit derivatives | Default rate | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.04
Recurring | Level 3 | Credit derivatives | Default rate | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.02
Recurring | Level 3 | Credit derivatives | Loss severity | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0.35
Recurring | Level 3 | Credit derivatives | Price | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	0	0
Recurring | Level 3 | Credit derivatives | Price | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	122	104
Recurring | Level 3 | Credit derivatives | Price | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	41	73
Recurring | Level 3 | Credit derivatives | Upfront points | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Credit derivatives | Upfront points | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0100	0.0100
Recurring | Level 3 | Credit derivatives | Upfront points | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0074	0.0063
Recurring | Level 3 | Equity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,007,000,000)	$ (1,081,000,000)
Recurring | Level 3 | Equity contracts | Equity correlation | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.06	0.09
Recurring | Level 3 | Equity contracts | Equity correlation | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1	1
Recurring | Level 3 | Equity contracts | Equity correlation | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.68	0.63
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.12	0.04
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	2.90	1.01
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.34	0.32
Recurring | Level 3 | Commodity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,725,000,000)	$ (1,357,000,000)
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1	1
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	5	5
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	2	3
Recurring | Level 3 | Commodity contracts | Correlation | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.54	0.30
Recurring | Level 3 | Commodity contracts | Correlation | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.73	0.69
Recurring | Level 3 | Commodity contracts | Correlation | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.73	0.68
Recurring | Level 3 | Commodity contracts | Volatilities | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.16	0.14
Recurring | Level 3 | Commodity contracts | Volatilities | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	2.93	0.54
Recurring | Level 3 | Commodity contracts | Volatilities | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1.19	0.27
Recurring | Level 3 | Interest rate contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (165,000,000)	$ (113,000,000)
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.15
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.94	0.94
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.43	0.52
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.46	0.46
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.28)	(0.23)
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.59	0.56
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.16
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.01
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.01
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	$ 456,000,000	$ 332,000,000
Instruments backed by commercial real estate assets	172,000,000	85,000,000
Commercial loans, debt securities and other	1,105,000,000	1,136,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,700,000,000	1,600,000,000
Recurring | Level 3 | Other taxable securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	63,000,000
Commercial loans, debt securities and other	5,000,000
Recurring | Level 3 | Loans and leases
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	253,000,000	281,000,000
Commercial loans, debt securities and other	305,000,000	412,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	558,000,000	693,000,000
Recurring | Level 3 | Loans held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	1,000,000	4,000,000
Instruments backed by commercial real estate assets	802,000,000	17,000,000
Commercial loans, debt securities and other	274,000,000	354,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,100,000,000	375,000,000
Recurring | Level 3 | Available-for-sale debt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	525,000,000	491,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	693,000,000	599,000,000
Recurring | Level 3 | Tax-exempt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	100,000,000	108,000,000
Recurring | Level 3 | Other debt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	269,000,000	299,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	269,000,000	299,000,000
Recurring | Level 3 | Corporate securities, trading loans and other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	250,000,000	201,000,000
Commercial loans, debt securities and other	1,390,000,000	1,306,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,600,000,000	1,500,000,000
Recurring | Level 3 | Non-U.S. sovereign debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	250,000,000	482,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	250,000,000	482,000,000
Recurring | Level 3 | Other assets, primarily auction rate securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	796,000,000	815,000,000
Recurring | Level 3 | Other Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 2,000,000,000	$ 2,400,000,000

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 3,609		$ 3,709
Loans and leases	9,016		8,335
Other assets	6,789		15,518
Nonrecurring
Gains (Losses)
Loans held-for-sale	(78)	$ (1)
Loans and leases	(27)	(40)
Foreclosed properties	(6)	(13)
Other assets	(2)	(11)
Loss on loans and leases written down to zero	12	18
Nonrecurring | Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	224	400
Nonrecurring | Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	1,017	55
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	27	61
Nonrecurring | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	628	0	102
Loans and leases	117	120	257
Foreclosed properties	15	40
Other assets	$ 24	$ 6	$ 640

Fair Value Measurements - Non_2

Fair Value Measurements - Nonrecurring Fair Value Inputs (Details) $ in Millions	Mar. 31, 2020USD ($)$ / security	Dec. 31, 2019USD ($)$ / security	Mar. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measured at fair value	$ 3,609	$ 3,709
Loans and leases, measured at fair value	9,016	8,335
Other assets, measured at fair value	6,789	15,518
Nonrecurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measured at fair value	628	102	$ 0
Loans and leases, measured at fair value	117	257	120
Other assets, measured at fair value	$ 24	$ 640	$ 6
Measurement Input, Price | Nonrecurring | Level 3 | Discounted cash flow | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	9	85
Measurement Input, Price | Nonrecurring | Level 3 | Discounted cash flow | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	99	97
Measurement Input, Price | Nonrecurring | Level 3 | Discounted cash flow | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input | $ / security	95	88
Measurement Input, Discount Rate | Nonrecurring | Level 3 | Market Comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.13	0.13
Measurement Input, Discount Rate | Nonrecurring | Level 3 | Market Comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.59	0.59
Measurement Input, Discount Rate | Nonrecurring | Level 3 | Market Comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.24	0.24
Measurement Input, Cost to Sell | Nonrecurring | Level 3 | Market Comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.08	0.08
Measurement Input, Cost to Sell | Nonrecurring | Level 3 | Market Comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.26	0.26
Measurement Input, Cost to Sell | Nonrecurring | Level 3 | Market Comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.09	0.09
Measurement Input, Customer Attrition | Nonrecurring | Level 3 | Discounted cash flow | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0
Measurement Input, Customer Attrition | Nonrecurring | Level 3 | Discounted cash flow | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0.19
Measurement Input, Customer Attrition | Nonrecurring | Level 3 | Discounted cash flow | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0.05
Measurement Input, Cost To Service | Nonrecurring | Level 3 | Discounted cash flow | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0.11
Measurement Input, Cost To Service | Nonrecurring | Level 3 | Discounted cash flow | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0.19
Measurement Input, Cost To Service | Nonrecurring | Level 3 | Discounted cash flow | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input		0.15

Fair Value Option - Elections (

Fair Value Option - Elections (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value Carrying Amount
Assets	$ 49,033	$ 50,364
Contractual Principal Outstanding
Assets	49,016	50,318
Fair Value Carrying Amount Less Unpaid Principal
Assets	17	46
Loans reported as trading account assets
Fair Value Carrying Amount
Assets	7,652	6,989
Contractual Principal Outstanding
Assets	16,542	14,703
Fair Value Carrying Amount Less Unpaid Principal
Assets	(8,890)	(7,714)
Trading inventory – other
Fair Value Carrying Amount
Assets	16,780	19,574
Consumer and commercial loans
Fair Value Carrying Amount
Assets	9,016	8,335
Contractual Principal Outstanding
Assets	9,358	8,372
Fair Value Carrying Amount Less Unpaid Principal
Assets	(342)	(37)
Loans held-for-sale
Fair Value Carrying Amount
Assets	3,609	3,709
Contractual Principal Outstanding
Assets	4,564	4,879
Fair Value Carrying Amount Less Unpaid Principal
Assets	(955)	(1,170)
Other assets
Fair Value Carrying Amount
Assets	4	4
Long-term deposits
Fair Value Carrying Amount
Liabilities	589	508
Contractual Principal Outstanding
Liabilities	541	496
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	48	12
Federal funds purchased and securities loaned or sold under agreements to repurchase
Fair Value Carrying Amount
Liabilities	17,192	16,008
Contractual Principal Outstanding
Liabilities	17,184	16,029
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	8	(21)
Short-term borrowings
Fair Value Carrying Amount
Liabilities	3,020	3,941
Contractual Principal Outstanding
Liabilities	3,265	3,930
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(245)	11
Unfunded loan commitments
Fair Value Carrying Amount
Liabilities	207	90
Long-term debt
Fair Value Carrying Amount
Liabilities	32,163	34,975
Contractual Principal Outstanding
Liabilities	35,714	35,730
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(3,551)	(755)
Structured liabilities
Fair Value Carrying Amount
Liabilities	31,800	34,600
Contractual Principal Outstanding
Liabilities	$ 35,300	$ 35,300

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Relating to Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	$ (2,358)	$ 1,648
Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(387)	91
Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(2,793)	2,544
Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(441)	19
Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	517	0
Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(116)	63
Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	900	(1,103)
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(38)	34
Market making and similar activities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(1,817)	1,567
Market making and similar activities | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(387)	91
Market making and similar activities | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(2,793)	2,544
Market making and similar activities | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(83)	1
Market making and similar activities | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	517	0
Market making and similar activities | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	0	0
Market making and similar activities | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	916	(1,080)
Market making and similar activities | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	13	11
Other Income
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(541)	81
Other Income | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	0	0
Other Income | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	0	0
Other Income | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(358)	18
Other Income | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	0	0
Other Income | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(116)	63
Other Income | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	(16)	(23)
Other Income | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) relating to assets and liabilities accounted for under the fair value option	$ (51)	$ 23

Fair Value Option - Gains (Lo_2

Fair Value Option - Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loans reported as trading account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option	$ (389)	$ 12
Consumer and commercial loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option	(349)	19
Loans held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option	(74)	11
Unfunded loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains (Losses) Related to Borrower-specific Credit Risk for Assets Accounted for Under the Fair Value Option	$ (116)	$ 63

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financial assets
Loans held-for-sale	$ 3,609	$ 3,709
Financial liabilities
Long-term debt	32,163	34,975
Demand deposits	650,900	545,500
Carrying Value
Financial assets
Loans	1,011,597	950,093
Loans held-for-sale	7,862	9,158
Financial liabilities
Deposits	1,583,325	1,434,803
Long-term debt	256,712	240,856
Commercial unfunded lending commitments	1,567	903
Estimate of Fair Value Measurement
Financial assets
Loans	1,040,387	978,230
Loans held-for-sale	7,864	9,158
Financial liabilities
Deposits	1,583,659	1,434,809
Long-term debt	249,045	248,525
Commercial unfunded lending commitments	6,525	4,867
Estimate of Fair Value Measurement | Level 2
Financial assets
Loans	64,762	63,633
Loans held-for-sale	5,556	8,439
Financial liabilities
Deposits	1,583,659	1,434,809
Long-term debt	248,324	247,376
Commercial unfunded lending commitments	207	90
Estimate of Fair Value Measurement | Level 3
Financial assets
Loans	975,625	914,597
Loans held-for-sale	2,308	719
Financial liabilities
Deposits	0	0
Long-term debt	721	1,149
Commercial unfunded lending commitments	$ 6,318	$ 4,777

Business Segment Information -

Business Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2020business_segment
Segment Reporting [Abstract]
Number of operating segments	4

Business Segment Information _2

Business Segment Information - Results of Business Segments and All Other (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net interest income	$ 12,274	$ 12,528
Noninterest income	10,637	10,629
Total revenue, net of interest expense	22,911	23,157
Provision for credit losses	4,761	1,013
Noninterest expense	13,475	13,224
Income before income taxes	4,675	8,920
Income tax expense	665	1,609
Net income	4,010	7,311
Year-end total assets	2,619,954	2,377,164	$ 2,434,079
Operating Segments
Segment Reporting Information [Line Items]
Total revenue, net of interest expense	23,890	23,788
Net income	4,502	7,347
Year-end total assets	2,378,652	2,198,574
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	6,862	7,106
Noninterest income	2,267	2,526
Total revenue, net of interest expense	9,129	9,632
Provision for credit losses	2,258	974
Noninterest expense	4,495	4,367
Income before income taxes	2,376	4,291
Income tax expense	582	1,051
Net income	1,794	3,240
Year-end total assets	837,522	794,586
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Net interest income	1,571	1,684
Noninterest income	3,365	3,136
Total revenue, net of interest expense	4,936	4,820
Provision for credit losses	189	5
Noninterest expense	3,600	3,434
Income before income taxes	1,147	1,381
Income tax expense	281	338
Net income	866	1,043
Year-end total assets	323,866	296,799
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Net interest income	2,612	2,790
Noninterest income	1,988	2,365
Total revenue, net of interest expense	4,600	5,155
Provision for credit losses	2,093	111
Noninterest expense	2,321	2,266
Income before income taxes	186	2,778
Income tax expense	50	750
Net income	136	2,028
Year-end total assets	562,529	436,066
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Net interest income	1,153	953
Noninterest income	4,072	3,228
Total revenue, net of interest expense	5,225	4,181
Provision for credit losses	107	(23)
Noninterest expense	2,813	2,755
Income before income taxes	2,305	1,449
Income tax expense	599	413
Net income	1,706	1,036
Year-end total assets	654,735	671,123
All Other
Segment Reporting Information [Line Items]
Net interest income	76	(5)
Noninterest income	(1,055)	(626)
Total revenue, net of interest expense	(979)	(631)
Provision for credit losses	114	(54)
Noninterest expense	246	402
Income before income taxes	(1,339)	(979)
Income tax expense	(847)	(943)
Net income	(492)	(36)
Year-end total assets	$ 241,302	$ 178,590

Business Segment Information _3

Business Segment Information - Noninterest Income by Business Segment and All Other (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total fees and commissions	$ 8,321	$ 7,838
Market making and similar activities	2,807	2,768
Other income	(491)	23
Total noninterest income	10,637	10,629
Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,272	1,375
Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	792	896
Other card income
Segment Reporting Information [Line Items]
Card income and service charges	480	479
Service charges
Segment Reporting Information [Line Items]
Card income and service charges	1,903	1,839
Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,627	1,580
Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	276	259
Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	3,758	3,360
Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	2,682	2,440
Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	1,076	920
Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	1,388	1,264
Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	848	666
Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	271	255
Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	269	343
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Total fees and commissions	2,175	2,290
Market making and similar activities	1	2
Other income	91	234
Total noninterest income	2,267	2,526
Operating Segments | Consumer Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,110	1,197
Operating Segments | Consumer Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	644	728
Operating Segments | Consumer Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	466	469
Operating Segments | Consumer Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	995	1,020
Operating Segments | Consumer Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	995	1,020
Operating Segments | Consumer Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0
Operating Segments | Consumer Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	70	73
Operating Segments | Consumer Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	37	35
Operating Segments | Consumer Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	33	38
Operating Segments | Consumer Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Consumer Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Consumer Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Consumer Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Total fees and commissions	3,271	2,966
Market making and similar activities	21	34
Other income	73	136
Total noninterest income	3,365	3,136
Operating Segments | Global Wealth & Investment Management | Card income
Segment Reporting Information [Line Items]
Card income and service charges	17	26
Operating Segments | Global Wealth & Investment Management | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	8	17
Operating Segments | Global Wealth & Investment Management | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	9	9
Operating Segments | Global Wealth & Investment Management | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	17	18
Operating Segments | Global Wealth & Investment Management | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	17	18
Operating Segments | Global Wealth & Investment Management | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0
Operating Segments | Global Wealth & Investment Management | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	3,122	2,842
Operating Segments | Global Wealth & Investment Management | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	2,652	2,414
Operating Segments | Global Wealth & Investment Management | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	470	428
Operating Segments | Global Wealth & Investment Management | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	115	80
Operating Segments | Global Wealth & Investment Management | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	115	80
Operating Segments | Global Wealth & Investment Management | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Global Wealth & Investment Management | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Total fees and commissions	1,687	1,562
Market making and similar activities	87	50
Other income	214	753
Total noninterest income	1,988	2,365
Operating Segments | Global Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	123	131
Operating Segments | Global Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	119	129
Operating Segments | Global Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	4	2
Operating Segments | Global Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	796	713
Operating Segments | Global Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	572	498
Operating Segments | Global Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	224	215
Operating Segments | Global Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	7	9
Operating Segments | Global Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0
Operating Segments | Global Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	7	9
Operating Segments | Global Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	761	709
Operating Segments | Global Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	369	279
Operating Segments | Global Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	145	127
Operating Segments | Global Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	247	303
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Total fees and commissions	1,277	1,083
Market making and similar activities	2,973	2,082
Other income	(178)	63
Total noninterest income	4,072	3,228
Operating Segments | Global Markets | Card income
Segment Reporting Information [Line Items]
Card income and service charges	21	20
Operating Segments | Global Markets | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	21	21
Operating Segments | Global Markets | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	(1)
Operating Segments | Global Markets | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	87	82
Operating Segments | Global Markets | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	35	38
Operating Segments | Global Markets | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	52	44
Operating Segments | Global Markets | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	567	444
Operating Segments | Global Markets | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0
Operating Segments | Global Markets | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	567	444
Operating Segments | Global Markets | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	602	537
Operating Segments | Global Markets | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	455	368
Operating Segments | Global Markets | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	125	129
Operating Segments | Global Markets | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	22	40
All Other
Segment Reporting Information [Line Items]
Total fees and commissions	(89)	(63)
Market making and similar activities	(275)	600
Other income	(691)	(1,163)
Total noninterest income	(1,055)	(626)
All Other | Card income
Segment Reporting Information [Line Items]
Card income and service charges	1	1
All Other | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	0	1
All Other | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	1	0
All Other | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	8	6
All Other | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	8	6
All Other | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0
All Other | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	(8)	(8)
All Other | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(7)	(9)
All Other | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(1)	1
All Other | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	(90)	(62)
All Other | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	(91)	(61)
All Other | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	1	(1)
All Other | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	$ 0	$ 0

Business Segment Information _4

Business Segment Information - Business Segment Reconciliations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segments’ total revenue, net of interest expense (FTE basis)
Total revenue, net of interest expense (FTE basis)	$ 22,911	$ 23,157
Total revenue, net of interest expense	22,767	23,004
Net income	4,010	7,311
Operating Segments
Segments’ total revenue, net of interest expense (FTE basis)
Total revenue, net of interest expense (FTE basis)	23,890	23,788
Total revenue, net of interest expense	22,767	23,004
Net income	4,502	7,347
ALM activities
Segments’ total revenue, net of interest expense (FTE basis)
Total revenue, net of interest expense	(85)	12
Net income	(77)	18
Liquidating businesses, eliminations and other
Segments’ total revenue, net of interest expense (FTE basis)
Total revenue, net of interest expense	894	643
Net income	(415)	(54)
Segment Reconciling Items, Fully Taxable Equivalent Basis Adjustment
Segments’ total revenue, net of interest expense (FTE basis)
Total revenue, net of interest expense	$ (144)	$ (153)

Business Segment Information _5

Business Segment Information - Segments' Total Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Segments’ total assets
Total assets	$ 2,619,954	$ 2,434,079	$ 2,377,164
Operating Segments
Segments’ total assets
Total assets	2,378,652		2,198,574
ALM activities
Segments’ total assets
Total assets	840,187		671,751
Elimination of segment asset allocations to match liabilities
Segments’ total assets
Total assets	(665,795)		(566,812)
Other
Segments’ total assets
Total assets	$ 66,910		$ 73,651

Uncategorized Items - bac-03312

Label	Element	Value
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 165,000,000
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	165,000,000
Accounting Standards Update 2016-13 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,406,000,000)