Bank of America (BAC) 10-Q 29 Jul 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 28, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Current Fiscal Year End Date	--12-31
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		8,035,239,025
Entity Central Index Key	0000070858
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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 6.000% 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
Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN
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 PrO
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP
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 PrP
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ
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 PrQ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrS
Security Exchange Name	NYSE

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net interest income
Interest income	$ 14,975	$ 11,387	$ 27,869	$ 22,782
Interest expense	2,531	1,154	3,853	2,352
Net interest income	12,444	10,233	24,016	20,430
Noninterest income
Fees and commissions	8,491	9,705	17,476	19,241
Market making and similar activities	2,717	1,826	5,955	5,355
Other income	(964)	(298)	(1,531)	(739)
Total noninterest income	10,244	11,233	21,900	23,857
Total revenue, net of interest expense	22,688	21,466	45,916	44,287
Provision for credit losses	523	(1,621)	553	(3,481)
Noninterest expense
Compensation and benefits	8,917	8,653	18,399	18,389
Occupancy and equipment	1,748	1,759	3,508	3,589
Information processing and communications	1,535	1,448	3,075	2,873
Product delivery and transaction related	924	976	1,857	1,953
Marketing	463	810	860	1,181
Professional fees	518	426	968	829
Other general operating	1,168	973	1,925	1,746
Total noninterest expense	15,273	15,045	30,592	30,560
Income before income taxes	6,892	8,042	14,771	17,208
Income tax expense	645	(1,182)	1,457	(66)
Net income	6,247	9,224	13,314	17,274
Preferred stock dividends	315	260	782	750
Net income applicable to common shareholders	$ 5,932	$ 8,964	$ 12,532	$ 16,524
Per common share information
Earnings (in dollars per share)	$ 0.73	$ 1.04	$ 1.54	$ 1.91
Diluted earnings (in dollars per share)	$ 0.73	$ 1.03	$ 1.53	$ 1.90
Average common shares issued and outstanding (in shares)	8,121.6	8,620.8	8,129.3	8,660.4
Average diluted common shares issued and outstanding (in shares)	8,163.1	8,735.5	8,182.2	8,776.2

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 6,247	$ 9,224	$ 13,314	$ 17,274
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	(1,822)	(250)	(5,269)	(1,090)
Net change in debit valuation adjustments	575	149	836	265
Net change in derivatives	(2,008)	415	(7,187)	(699)
Employee benefit plan adjustments	36	69	60	120
Net change in foreign currency translation adjustments	(38)	26	(10)	(3)
Other comprehensive income (loss)	(3,257)	409	(11,570)	(1,407)
Comprehensive income (loss)	$ 2,990	$ 9,633	$ 1,744	$ 15,867

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 29,497	$ 29,222
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	168,505	318,999
Cash and cash equivalents	198,002	348,221
Time deposits placed and other short-term investments	6,841	7,144
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $154,287 and $150,665 measured at fair value)	272,430	250,720
Trading account assets (includes $111,994 and $103,434 pledged as collateral)	294,027	247,080
Derivative assets	62,047	35,344
Debt securities:
Carried at fair value	274,665	308,073
Held-to-maturity, at cost (fair value – $575,542 and $665,890)	658,245	674,554
Total debt securities	932,910	982,627
Loans and leases (includes $5,496 and $7,819 measured at fair value)	1,030,766	979,124
Allowance for loan and lease losses	(11,973)	(12,387)
Loans and leases, net of allowance	1,018,793	966,737
Premises and equipment, net	11,016	10,833
Goodwill	69,022	69,022
Loans held-for-sale (includes $1,870 and $4,455 measured at fair value)	6,654	15,635
Customer and other receivables	79,893	72,263
Other assets (includes $7,980 and $12,144 measured at fair value)	159,971	163,869
Total assets	3,111,606	3,169,495
Deposits in U.S. offices:
Noninterest-bearing	741,676	784,189
Interest-bearing (includes $444 and $408 measured at fair value)	1,134,876	1,165,914
Deposits in non-U.S. offices:
Noninterest-bearing	26,770	27,457
Interest-bearing	81,027	86,886
Total deposits	1,984,349	2,064,446
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $145,165 and $139,641 measured at fair value)	204,307	192,329
Trading account liabilities	97,302	100,690
Derivative liabilities	38,425	37,675
Short-term borrowings (includes $2,931 and $4,279 measured at fair value)	27,886	23,753
Accrued expenses and other liabilities (includes $6,981 and $11,489 measured at fair value and $1,461 and $1,456 of reserve for unfunded lending commitments)	214,522	200,419
Long-term debt (includes $28,375 and $29,708 measured at fair value)	275,697	280,117
Total liabilities	2,842,488	2,899,429
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 – 4,117,686 and 3,939,686 shares	29,134	24,708
Common stock and additional paid-in capital, $0.01  par value; authorized – 12,800,000,000 shares; issued and outstanding – 8,035,221,887 and 8,077,831,463 shares	59,499	62,398
Retained earnings	197,159	188,064
Accumulated other comprehensive income (loss)	(16,674)	(5,104)
Total shareholders’ equity	269,118	270,066
Total liabilities and shareholders’ equity	3,111,606	3,169,495
Consolidated VIEs
Assets
Trading account assets (includes $111,994 and $103,434 pledged as collateral)	2,294	5,004
Debt securities:
Loans and leases (includes $5,496 and $7,819 measured at fair value)	16,170	17,135
Allowance for loan and lease losses	(832)	(958)
Loans and leases, net of allowance	15,338	16,177
Other assets (includes $7,980 and $12,144 measured at fair value)	177	189
Total assets	17,809	21,370
Deposits in non-U.S. offices:
Short-term borrowings (includes $2,931 and $4,279 measured at fair value)	165	247
Long-term debt (includes $28,375 and $29,708 measured at fair value)	4,509	3,587
All other liabilities (includes $12 and $7 of non-recourse liabilities)	12	7
Total liabilities	$ 4,686	$ 3,841

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 154,287	$ 150,665
Trading account assets, pledged as collateral	111,994	103,434
Debt securities:
Fair Value	575,542	665,890
Loans and leases, measured at fair value	5,496	7,819
Loans held for sale, measured at fair value	1,870	4,455
Other assets, measured at fair value	7,980	12,144
Deposits in U.S. offices:
Interest bearing, measured at fair value	444	408
Federal funds purchased and securities loans or sold under agreements to repurchase, at fair value	145,165	139,641
Short-term borrowings, measured at fair value	2,931	4,279
Accrued expenses and other liabilities, measured at fair value	6,981	11,489
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,461	1,456
Long-term debt, measured at fair value	$ 28,375	$ 29,708
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)	4,117,686	3,939,686
Preferred stock outstanding (in shares)	4,117,686	3,939,686
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)	8,035,221,887	8,077,831,463
Common stock outstanding (in shares)	8,035,221,887	8,077,831,463
Short-term borrowings | Consolidated VIEs
Shareholders’ equity
Non-recourse debt	$ 32	$ 51
Long-term debt | Consolidated VIEs
Shareholders’ equity
Non-recourse debt	4,509	3,587
Other liabilities | Consolidated VIEs
Shareholders’ equity
Non-recourse debt	$ 12	$ 7

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, 2020	$ 272,924	$ 24,510	$ 85,982	$ 164,088	$ (1,656)
Beginning Balance (in shares) at Dec. 31, 2020			8,650.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,274			17,274
Net change in debt securities	(1,090)				(1,090)
Net change in debit valuation adjustments	265				265
Net change in derivatives	(699)				(699)
Employee benefit plan adjustments	120				120
Net change in foreign currency translation adjustments	(3)				(3)
Dividends declared:
Common	(3,110)			(3,110)
Preferred	(750)			(750)
Issuance of preferred stock	902	902
Redemption of preferred stock	(1,971)	(1,971)
Common stock issued under employee plans, net, and other	936		$ 939	(3)
Common stock issued under employee plans, net, and other (in shares)			40.1
Common stock repurchased	(7,679)		$ (7,679)
Common stock repurchased (in shares)			(203.7)
Ending balance at Jun. 30, 2021	277,119	23,441	$ 79,242	177,499	(3,063)
Ending Balance (in shares) at Jun. 30, 2021			8,487.2
Beginning balance at Mar. 31, 2021	274,000	24,319	$ 83,071	170,082	(3,472)
Beginning Balance (in shares) at Mar. 31, 2021			8,589.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,224			9,224
Net change in debt securities	(250)				(250)
Net change in debit valuation adjustments	149				149
Net change in derivatives	415				415
Employee benefit plan adjustments	69				69
Net change in foreign currency translation adjustments	26				26
Dividends declared:
Common	(1,547)			(1,547)
Preferred	(260)			(260)
Redemption of preferred stock	(878)	(878)
Common stock issued under employee plans, net, and other	380		$ 380
Common stock issued under employee plans, net, and other (in shares)			0.2
Common stock repurchased	(4,209)		$ (4,209)
Common stock repurchased (in shares)			(102.7)
Ending balance at Jun. 30, 2021	277,119	23,441	$ 79,242	177,499	(3,063)
Ending Balance (in shares) at Jun. 30, 2021			8,487.2
Beginning balance at Dec. 31, 2021	270,066	24,708	$ 62,398	188,064	(5,104)
Beginning Balance (in shares) at Dec. 31, 2021			8,077.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,314			13,314
Net change in debt securities	(5,269)				(5,269)
Net change in debit valuation adjustments	836				836
Net change in derivatives	(7,187)				(7,187)
Employee benefit plan adjustments	60				60
Net change in foreign currency translation adjustments	(10)				(10)
Dividends declared:
Common	(3,408)			(3,408)
Preferred	(782)			(782)
Issuance of preferred stock	4,426	4,426
Common stock issued under employee plans, net, and other	697		$ 726	(29)
Common stock issued under employee plans, net, and other (in shares)			42.1
Common stock repurchased	(3,625)		$ (3,625)
Common stock repurchased (in shares)			(84.7)
Ending balance at Jun. 30, 2022	269,118	29,134	$ 59,499	197,159	(16,674)
Ending Balance (in shares) at Jun. 30, 2022			8,035.2
Beginning balance at Mar. 31, 2022	266,617	27,137	$ 59,968	192,929	(13,417)
Beginning Balance (in shares) at Mar. 31, 2022			8,062.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,247			6,247
Net change in debt securities	(1,822)				(1,822)
Net change in debit valuation adjustments	575				575
Net change in derivatives	(2,008)				(2,008)
Employee benefit plan adjustments	36				36
Net change in foreign currency translation adjustments	(38)				(38)
Dividends declared:
Common	(1,702)			(1,702)
Preferred	(315)			(315)
Issuance of preferred stock	1,997	1,997
Common stock issued under employee plans, net, and other	506		$ 506
Common stock issued under employee plans, net, and other (in shares)			0.3
Common stock repurchased	(975)		$ (975)
Common stock repurchased (in shares)			(27.2)
Ending balance at Jun. 30, 2022	$ 269,118	$ 29,134	$ 59,499	$ 197,159	$ (16,674)
Ending Balance (in shares) at Jun. 30, 2022			8,035.2

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 13,314	$ 17,274
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	553	(3,481)
Gains on sales of debt securities	(22)	0
Depreciation and amortization	985	930
Net amortization of premium/discount on debt securities	1,489	3,113
Deferred income taxes	86	(1,457)
Stock-based compensation	1,531	1,463
Loans held-for-sale:
Originations and purchases	(11,360)	(17,031)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities	21,085	16,708
Net change in:
Trading and derivative assets/liabilities	(91,263)	(58,372)
Other assets	(597)	(26,080)
Accrued expenses and other liabilities	14,250	2,300
Other operating activities, net	(530)	2,994
Net cash used in operating activities	(50,479)	(61,639)
Investing activities
Time deposits placed and other short-term investments	303	(810)
Federal funds sold and securities borrowed or purchased under agreements to resell	(21,710)	35,464
Debt securities carried at fair value:
Proceeds from sales	32,405	1,809
Proceeds from paydowns and maturities	67,709	76,371
Purchases	(92,288)	(126,653)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	39,252	64,192
Purchases	(23,995)	(277,949)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	11,921	4,913
Purchases	(3,378)	(2,097)
Other changes in loans and leases, net	(59,757)	4,723
Other investing activities, net	(2,132)	(1,649)
Net cash used in investing activities	(51,670)	(221,686)
Financing activities
Deposits	(80,182)	113,662
Federal funds purchased and securities loaned or sold under agreements to repurchase	11,978	43,464
Short-term borrowings	4,133	2,314
Long-term debt:
Proceeds from issuance	40,681	48,177
Retirement	(16,347)	(29,240)
Preferred stock:
Proceeds from issuance	4,426	902
Redemption	0	(1,971)
Common stock repurchased	(3,625)	(7,679)
Cash dividends paid	(4,217)	(3,945)
Other financing activities, net	(612)	(737)
Net cash provided by financing activities	(43,765)	164,947
Effect of exchange rate changes on cash and cash equivalents	(4,305)	(2,055)
Net decrease in cash and cash equivalents	(150,219)	(120,433)
Cash and cash equivalents at January 1	348,221	380,463
Cash and cash equivalents at June 30	$ 198,002	$ 260,030

Summary of Significant Accounti

Summary of Significant Accounting Principles	6 Months Ended
	Jun. 30, 2022
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, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded 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, and related notes thereto, of the Corporation’s 2021 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 (SEC). Certain prior-period amounts have been reclassified to conform to current-period presentation. Accounting Standards Issued and Not Yet Adopted Hedge Accounting The FASB issued a new accounting standard effective on January 1, 2023, with early adoption permitted, that makes targeted improvements to the application of the fair value hedge accounting guidance for closed portfolios of financial assets. Upon adoption, the application of these hedge strategies would be applied prospectively. Financial Instruments – Credit Losses The FASB amended the accounting and disclosure requirements for expected credit losses by removing the recognition and measurement guidance on troubled debt restructurings (TDRs) and enhancing certain disclosures. The amendments are effective on January 1, 2023 with early adoption permitted. The effects of these changes on the Corporation’s financial statements are not expected to have a material impact on its consolidated financial position, results of operations or disclosures in the Notes to the Consolidated Financial Statements.

Net Interest Income and Noninte

Net Interest Income and Noninterest Income	6 Months Ended
	Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 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 June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Net interest income Interest income Loans and leases $ 8,222 $ 7,123 $ 15,574 $ 14,357 Debt securities 4,049 2,820 7,872 5,550 Federal funds sold and securities borrowed or purchased under agreements to resell (1) 396 (42) 389 (49) Trading account assets 1,223 954 2,304 1,826 Other interest income 1,085 532 1,730 1,098 Total interest income 14,975 11,387 27,869 22,782 Interest expense Deposits 320 128 484 261 Short-term borrowings (1) 553 (85) 441 (164) Trading account liabilities 370 293 734 539 Long-term debt 1,288 818 2,194 1,716 Total interest expense 2,531 1,154 3,853 2,352 Net interest income $ 12,444 $ 10,233 $ 24,016 $ 20,430 Noninterest income Fees and commissions Card income Interchange fees (2) $ 1,072 $ 1,210 $ 2,007 $ 2,277 Other card income 483 376 951 744 Total card income 1,555 1,586 2,958 3,021 Service charges Deposit-related fees 1,417 1,557 2,947 3,052 Lending-related fees 300 317 603 614 Total service charges 1,717 1,874 3,550 3,666 Investment and brokerage services Asset management fees 3,102 3,156 6,388 6,158 Brokerage fees 989 967 1,995 2,028 Total investment and brokerage services 4,091 4,123 8,383 8,186 Investment banking fees Underwriting income 435 1,314 1,107 2,860 Syndication fees 301 401 613 701 Financial advisory services 392 407 865 807 Total investment banking fees 1,128 2,122 2,585 4,368 Total fees and commissions 8,491 9,705 17,476 19,241 Market making and similar activities 2,717 1,826 5,955 5,355 Other income (loss) (964) (298) (1,531) (739) Total noninterest income $ 10,244 $ 11,233 $ 21,900 $ 23,857 (1) For more information on negative interest, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2022
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 and Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at June 30, 2022 and December 31, 2021. 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. June 30, 2022 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 23,920.0 $ 126.3 $ 13.8 $ 140.1 $ 116.2 $ 23.5 $ 139.7 Futures and forwards 3,740.5 6.5 — 6.5 5.5 — 5.5 Written options 1,701.3 — — — 37.1 — 37.1 Purchased options 1,597.6 39.6 — 39.6 — — — Foreign exchange contracts Swaps 1,449.7 41.3 0.4 41.7 40.4 0.3 40.7 Spot, futures and forwards 4,590.5 65.2 0.7 65.9 66.3 — 66.3 Written options 440.4 — — — 8.4 — 8.4 Purchased options 405.4 9.1 — 9.1 — — — Equity contracts Swaps 381.6 18.5 — 18.5 15.5 — 15.5 Futures and forwards 102.9 4.1 — 4.1 1.1 — 1.1 Written options 774.1 — — — 49.0 — 49.0 Purchased options 693.1 53.0 — 53.0 — — — Commodity contracts Swaps 61.3 8.8 — 8.8 7.9 — 7.9 Futures and forwards 166.7 3.5 — 3.5 3.1 0.3 3.4 Written options 69.6 — — — 5.1 — 5.1 Purchased options 57.5 6.2 — 6.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 354.1 5.8 — 5.8 1.6 — 1.6 Total return swaps/options 101.9 1.0 — 1.0 2.4 — 2.4 Written credit derivatives: Credit default swaps 340.2 1.3 — 1.3 4.6 — 4.6 Total return swaps/options 112.1 3.6 — 3.6 1.2 — 1.2 Gross derivative assets/liabilities $ 393.8 $ 14.9 $ 408.7 $ 365.4 $ 24.1 $ 389.5 Less: Legally enforceable master netting agreements (310.9) (310.9) Less: Cash collateral received/paid (35.8) (40.2) Total derivative assets/liabilities $ 62.0 $ 38.4 (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 $(3.2) billion and $320.5 billion at June 30, 2022. December 31, 2021 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,068.1 $ 150.5 $ 8.9 $ 159.4 $ 156.4 $ 4.4 $ 160.8 Futures and forwards 2,243.2 1.1 — 1.1 1.0 — 1.0 Written options 1,616.1 — — — 28.8 — 28.8 Purchased options 1,673.6 33.1 — 33.1 — — — Foreign exchange contracts Swaps 1,420.9 28.6 0.2 28.8 30.5 0.2 30.7 Spot, futures and forwards 4,087.2 37.1 0.3 37.4 37.7 0.2 37.9 Written options 287.2 — — — 4.1 — 4.1 Purchased options 267.6 4.1 — 4.1 — — — Equity contracts Swaps 443.8 12.3 — 12.3 14.5 — 14.5 Futures and forwards 113.3 0.5 — 0.5 1.7 — 1.7 Written options 737.7 — — — 58.5 — 58.5 Purchased options 657.0 55.9 — 55.9 — — — Commodity contracts Swaps 47.7 3.1 — 3.1 6.0 — 6.0 Futures and forwards 101.5 2.3 — 2.3 0.3 1.1 1.4 Written options 44.4 — — — 2.6 — 2.6 Purchased options 38.3 3.2 — 3.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 297.0 1.9 — 1.9 4.3 — 4.3 Total return swaps/options 85.3 0.2 — 0.2 1.1 — 1.1 Written credit derivatives: Credit default swaps 279.8 4.2 — 4.2 1.6 — 1.6 Total return swaps/options 85.3 0.9 — 0.9 0.5 — 0.5 Gross derivative assets/liabilities $ 339.0 $ 9.4 $ 348.4 $ 349.6 $ 5.9 $ 355.5 Less: Legally enforceable master netting agreements (282.3) (282.3) Less: Cash collateral received/paid (30.8) (35.5) Total derivative assets/liabilities $ 35.3 $ 37.7 (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 $2.3 billion and $258.4 billion at December 31, 2021. 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 2021 Annual Report on Form 10-K. The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at June 30, 2022 and December 31, 2021 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 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 140.6 $ 135.0 $ 171.3 $ 166.3 Exchange-traded 0.6 0.1 0.2 — Over-the-counter cleared 45.9 45.5 22.6 22.5 Foreign exchange contracts Over-the-counter 112.5 112.4 67.9 70.5 Over-the-counter cleared 1.6 1.4 1.1 1.1 Equity contracts Over-the-counter 31.0 25.8 29.2 32.9 Exchange-traded 43.9 38.4 38.3 38.4 Commodity contracts Over-the-counter 14.1 12.8 6.1 7.6 Exchange-traded 3.2 2.8 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 10.7 8.9 5.2 5.3 Over-the-counter cleared 0.8 0.9 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 308.9 294.9 279.7 282.6 Exchange-traded 47.7 41.3 39.9 39.7 Over-the-counter cleared 48.6 48.1 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (259.5) (263.7) (250.3) (254.6) Exchange-traded (39.7) (39.7) (37.8) (37.8) Over-the-counter cleared (47.5) (47.7) (25.0) (25.4) Derivative assets/liabilities, after netting 58.5 33.2 32.1 30.0 Other gross derivative assets/liabilities (2) 3.5 5.2 3.2 7.7 Total derivative assets/liabilities 62.0 38.4 35.3 37.7 Less: Financial instruments collateral (3) (22.3) (6.4) (11.8) (10.6) Total net derivative assets/liabilities $ 39.7 $ 32.0 $ 23.5 $ 27.1 (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. 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 and six months ended June 30, 2022 and 2021. Gains and Losses on Derivatives Designated as Fair Value Hedges Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (7,989) $ 7,974 $ 3,484 $ (3,454) Interest rate and foreign currency risk on long-term debt (2) (51) 51 5 (5) Interest rate risk on available-for-sale securities (3) 5,550 (5,600) (1,863) 1,825 Total $ (2,490) $ 2,425 $ 1,626 $ (1,634) ` Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (19,023) $ 19,193 $ (4,579) $ 4,548 Interest rate and foreign currency risk on long-term debt (2) (60) 59 (23) 21 Interest rate risk on available-for-sale securities (3) 15,135 (15,268) 3,378 (3,325) Total $ (3,948) $ 3,984 $ (1,224) $ 1,244 (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For the three and six months ended June 30, 2022, the derivative amount includes gains (losses) of $(13) million and $(34) million in interest expense, $(39) million and $(25) million in market making and similar activities, and $1 million and $(1) million in accumulated other comprehensive income (OCI). For the same periods in 2021, the derivative amount includes gains (losses) of $(17) million and $(51) million in interest expense, $23 million and $31 million in market making and similar activities, and $(1) million and $(3) 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 and Liabilities June 30, 2022 December 31, 2021 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ 183,885 $ (14,071) $ 181,745 $ 3,987 Available-for-sale debt securities (2, 3, 4) 210,017 (12,317) 209,038 (2,294) Trading account assets (5) 10,326 5 2,067 32 (1) Increase (decrease) to carrying value. (2) At June 30, 2022 and December 31, 2021, the cumulative fair value adjustments remaining on long-term debt and available-for-sale debt securities from discontinued hedging relationships resulted in an increase in the related liability of $431 million and $1.5 billion and a decrease in the related asset of $5.6 billion and $1.0 billion, which are being amortized over the remaining contractual life of the de-designated hedged items. (3) These amounts include the amortized cost of the prepayable financial assets used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship (i.e. last-of-layer hedging relationship). At June 30, 2022 and December 31, 2021, the amortized cost of the closed portfolios used in these hedging relationships was $25.8 billion and $21.1 billion, of which $10.9 billion and $6.9 billion was designated in the last-of-layer hedging relationship. At June 30, 2022 and December 31, 2021 the cumulative adjustment associated with these hedging relationships was a decrease of $114 million and $172 million. (4) Carrying value represents amortized cost. (5) Represents hedging activities related to certain commodities inventory. Cash Flow and Net Investment Hedges The table below summarizes certain information related to cash flow hedges and net investment hedges for the three and six months ended June 30, 2022 and 2021. Of the $9.1 billion after-tax net loss ($12.1 billion pretax) on derivatives in accumulated OCI at June 30, 2022, losses of $2.5 billion after-tax ($3.3 billion pretax) related to both open and terminated cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease 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 14 years. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) (Dollars in millions, amounts pretax) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Cash flow hedges Interest rate risk on variable-rate assets (1) $ (2,624) $ (73) $ (9,398) $ (81) Price risk on forecasted MBS purchases (1) (39) 10 (129) 13 Price risk on certain compensation plans (2) (67) 7 (94) 19 Total $ (2,730) $ (56) $ (9,621) $ (49) Net investment hedges Foreign exchange risk (3) $ 1,579 $ — $ 1,798 $ — Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Cash flow hedges Interest rate risk on variable-rate assets (1) $ 481 $ 36 $ (576) $ 73 Price risk on forecasted MBS purchases (1) 92 6 (301) 15 Price risk on certain compensation plans (2) 35 14 59 26 Total $ 608 $ 56 $ (818) $ 114 Net investment hedges Foreign exchange risk (3) $ (224) $ — $ 503 $ — (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 and six months ended June 30, 2022, amounts excluded from effectiveness testing and recognized in market making and similar activities were losses of $73 million and $147 million. For the same periods in 2021 amounts excluded from effectiveness testing and recognized in other income were losses of $48 million and $50 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 table below presents gains (losses) on these derivatives for the three and six months ended June 30, 2022 and 2021. 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 June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Interest rate risk on mortgage activities (1, 2) $ (110) $ 112 $ (257) $ (59) Credit risk on loans (2) 16 (14) 13 (31) Interest rate and foreign currency risk on asset and liability management activities (3) 4,303 (318) 5,613 943 Price risk on certain compensation plans (4) (756) 318 (1,091) 598 (1) Includes hedges of interest rate risk on mortgage servicing rights and interest rate lock commitments to originate mortgage loans that will be held for sale. (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. At both June 30, 2022 and December 31, 2021, the Corporation had transferred $4.8 billion of non-U.S. government-guaranteed mortgage-backed securities 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 $4.8 billion at the transfer dates. At June 30, 2022 and December 31, 2021, the fair value of the transferred securities was $4.9 billion and $5.0 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 2021 Annual Report on Form 10-K. The table below, 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 and six months ended June 30, 2022 and 2021. 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 Other (1) Total Market making and similar activities Net Interest Other (1) Total (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Interest rate risk $ 491 $ 497 $ 82 $ 1,070 $ 1,080 $ 949 $ 151 $ 2,180 Foreign exchange risk 503 (9) 2 496 1,010 (26) 3 987 Equity risk 1,378 (235) 487 1,630 2,942 (295) 988 3,635 Credit risk 71 539 46 656 310 1,015 60 1,385 Other risk (2) 213 (42) 28 199 504 (75) 61 490 Total sales and trading revenue $ 2,656 $ 750 $ 645 $ 4,051 $ 5,846 $ 1,568 $ 1,263 $ 8,677 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Interest rate risk $ 44 $ 463 $ 40 $ 547 $ 416 $ 926 $ 97 $ 1,439 Foreign exchange risk 330 (22) 2 310 736 (40) 6 702 Equity risk 1,178 (1) 442 1,619 2,460 35 957 3,452 Credit risk 435 424 175 1,034 1,237 787 289 2,313 Other risk (2) (24) (10) 26 (8) 584 (28) 45 601 Total sales and trading revenue $ 1,963 $ 854 $ 685 $ 3,502 $ 5,433 $ 1,680 $ 1,394 $ 8,507 (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 $504 million and $1.0 billion for the three and six months ended June 30, 2022 compared to $462 million and $1.0 billion for the same periods in 2021. (2) Includes commodity risk. 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 2021 Annual Report on Form 10-K. Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at June 30, 2022 and December 31, 2021 are summarized in the table below. Credit Derivative Instruments Less than One to Three to Over Five Total June 30, 2022 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 12 $ 117 $ 495 $ 166 $ 790 Non-investment grade 252 924 1,732 902 3,810 Total 264 1,041 2,227 1,068 4,600 Total return swaps/options: Investment grade 215 354 — — 569 Non-investment grade 571 3 60 5 639 Total 786 357 60 5 1,208 Total credit derivatives $ 1,050 $ 1,398 $ 2,287 $ 1,073 $ 5,808 Credit-related notes: Investment grade $ — $ — $ — $ 572 $ 572 Non-investment grade — 3 6 1,048 1,057 Total credit-related notes $ — $ 3 $ 6 $ 1,620 $ 1,629 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,468 $ 66,032 $ 113,893 $ 17,731 $ 232,124 Non-investment grade 16,213 30,548 53,539 7,776 108,076 Total 50,681 96,580 167,432 25,507 340,200 Total return swaps/options: Investment grade 62,511 10,007 — — 72,518 Non-investment grade 36,814 639 1,441 736 39,630 Total 99,325 10,646 1,441 736 112,148 Total credit derivatives $ 150,006 $ 107,226 $ 168,873 $ 26,243 $ 452,348 December 31, 2021 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 79 $ 49 $ 133 Non-investment grade 34 250 453 769 1,506 Total 34 255 532 818 1,639 Total return swaps/options: Investment grade 35 388 — — 423 Non-investment grade 105 — 16 — 121 Total 140 388 16 — 544 Total credit derivatives $ 174 $ 643 $ 548 $ 818 $ 2,183 Credit-related notes: Investment grade $ — $ — $ 36 $ 412 $ 448 Non-investment grade 5 — 9 1,334 1,348 Total credit-related notes $ 5 $ — $ 45 $ 1,746 $ 1,796 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,503 $ 66,334 $ 73,444 $ 17,844 $ 192,125 Non-investment grade 16,119 29,233 34,356 7,961 87,669 Total 50,622 95,567 107,800 25,805 279,794 Total return swaps/options: Investment grade 49,626 11,494 78 — 61,198 Non-investment grade 22,621 717 642 73 24,053 Total 72,247 12,211 720 73 85,251 Total credit derivatives $ 122,869 $ 107,778 $ 108,520 $ 25,878 $ 365,045 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 June 30, 2022 and December 31, 2021, the Corporation held cash and securities collateral of $107.3 billion and $91.4 billion and posted cash and securities collateral of $81.4 billion and $79.3 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 OTC 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 2021 Annual Report on Form 10-K. At June 30, 2022, 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 $3.0 billion, including $1.6 billion for Bank of America, National Association (BANA). 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 June 30, 2022 and December 31, 2021, the liability recorded for these derivative contracts was not significant. The table below presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2022 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. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 566 $ 1,030 Bank of America, N.A. and subsidiaries (1) 184 754 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 14 $ 778 Collateral posted 5 528 (1) Included in Bank of America Corporation collateral requirements in this table. 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 and six months ended June 30, 2022 and 2021. For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended June 30 (Dollars in millions) 2022 2021 Derivative assets (CVA) $ (114) $ 3 Derivative assets/liabilities (FVA) 45 (33) Derivative liabilities (DVA) 220 (31) Six Months Ended June 30 (Dollars in millions) 2022 2021 Derivative assets (CVA) $ (173) $ 158 Derivative assets/liabilities (FVA) 80 15 Derivative liabilities (DVA) 341 (8) (1) At June 30, 2022 and December 31, 2021, cumulative CVA reduced the derivative assets balance by $611 million and $438 million, cumulative FVA reduced the net derivative balance by $99 million and $179 million, and cumulative DVA reduced the derivative liabilities balance by $653 million and $312 million.

Securities

Securities	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The table below presents the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale (AFS) debt securities, other debt securities carried at fair value and held-to-maturity (HTM) debt securities at June 30, 2022 and December 31, 2021. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) June 30, 2022 December 31, 2021 Available-for-sale debt securities Mortgage-backed securities: Agency $ 29,999 $ 46 $ (1,320) $ 28,725 $ 45,268 $ 1,257 $ (186) $ 46,339 Agency-collateralized mortgage obligations 2,741 4 (132) 2,613 3,331 74 (25) 3,380 Commercial 13,038 130 (608) 12,560 19,036 647 (79) 19,604 Non-agency residential (1) 477 16 (63) 430 591 25 (33) 583 Total mortgage-backed securities 46,255 196 (2,123) 44,328 68,226 2,003 (323) 69,906 U.S. Treasury and government agencies 195,527 540 (2,012) 194,055 197,853 1,610 (318) 199,145 Non-U.S. securities 11,879 — (43) 11,836 11,933 — — 11,933 Other taxable securities 3,318 6 (54) 3,270 2,725 39 (3) 2,761 Tax-exempt securities 12,976 44 (255) 12,765 15,155 317 (39) 15,433 Total available-for-sale debt securities 269,955 786 (4,487) 266,254 295,892 3,969 (683) 299,178 Other debt securities carried at fair value (2) 8,645 41 (275) 8,411 8,873 105 (83) 8,895 Total debt securities carried at fair value 278,600 827 (4,762) 274,665 304,765 4,074 (766) 308,073 Held-to-maturity debt securities Agency mortgage-backed securities 528,297 21 (67,193) 461,125 553,721 3,855 (10,366) 547,210 U.S. Treasury and government agencies 121,574 — (14,896) 106,678 111,859 254 (2,395) 109,718 Other taxable securities 8,413 1 (675) 7,739 9,011 147 (196) 8,962 Total held-to-maturity debt securities 658,284 22 (82,764) 575,542 674,591 4,256 (12,957) 665,890 Total debt securities (3,4) $ 936,884 $ 849 $ (87,526) $ 850,207 $ 979,356 $ 8,330 $ (13,723) $ 973,963 (1) At June 30, 2022 and December 31, 2021, the underlying collateral type included approximately 17 percent and 21 percent prime and 83 percent and 79 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 14 – Fair Value Measurements . (3) Includes securities pledged as collateral of $97.0 billion and $111.9 billion at June 30, 2022 and December 31, 2021. (4) The Corporation held debt securities from Fannie Mae (FNMA) and Freddie Mac (FHLMC) that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $310.2 billion and $187.8 billion, and a fair value of $270.6 billion and $162.8 billion at June 30, 2022, and an amortized cost of $345.3 billion and $205.3 billion, and a fair value of $342.5 billion and $202.4 billion at December 31, 2021. At June 30, 2022, the accumulated net unrealized loss on AFS debt securities, excluding the amount related to debt securities previously transferred to held to maturity, included in accumulated OCI was $2.8 billion, net of the related income tax benefit of $906 million. At June 30, 2022 and December 31, 2021, nonperforming AFS debt securities held by the Corporation were not significant. At June 30, 2022 and December 31, 2021, the Corporation had $238.0 billion and $268.5 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 $28.3 billion and $30.7 billion in AFS debt securities at June 30, 2022 and December 31, 2021, the amount of expected credit losses was not significant. Substantially all of the Corporation's HTM debt securities consist of U.S. agency and U.S. Treasury securities and have a zero credit loss assumption. At June 30, 2022 and December 31, 2021, the Corporation held equity securities at an aggregate fair value of $519 million and $513 million and other equity securities, as valued under the measurement alternative, at a carrying value of $310 million and $266 million, both of which are included in other assets. At June 30, 2022 and December 31, 2021, the Corporation also held money market investments at a fair value of $774 million and $707 million, which are included in time deposits placed and other short-term investments. During the three and six months ended June 30, 2022, the Corporation recorded net realized gains of $16 million and $22 million on the sales of AFS debt securities, which were comprised of gross realized gains of $666 million and $702 million and gross realized losses of $650 million and $680 million. For the same periods in 2021, gross gains and losses were not 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 June 30, 2022 and December 31, 2021. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) June 30, 2022 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 24,891 $ (1,239) $ 859 $ (81) $ 25,750 $ (1,320) Agency-collateralized mortgage obligations 2,289 (130) 65 (2) 2,354 (132) Commercial 7,887 (496) 806 (112) 8,693 (608) Non-agency residential 302 (50) 102 (13) 404 (63) Total mortgage-backed securities 35,369 (1,915) 1,832 (208) 37,201 (2,123) U.S. Treasury and government agencies 152,855 (1,674) 15,518 (338) 168,373 (2,012) Non-U.S. securities 9,949 (25) 742 (18) 10,691 (43) Other taxable securities 2,024 (16) 499 (38) 2,523 (54) Tax-exempt securities 868 (147) 2,794 (108) 3,662 (255) Total AFS debt securities in a continuous $ 201,065 $ (3,777) $ 21,385 $ (710) $ 222,450 $ (4,487) December 31, 2021 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 11,733 $ (166) $ 815 $ (20) $ 12,548 $ (186) Agency-collateralized mortgage obligations 1,427 (22) 122 (3) 1,549 (25) Commercial 3,451 (41) 776 (38) 4,227 (79) Non-agency residential 241 (13) 174 (20) 415 (33) Total mortgage-backed securities 16,852 (242) 1,887 (81) 18,739 (323) U.S. Treasury and government agencies 103,307 (272) 4,850 (46) 108,157 (318) Other taxable securities — — 82 (3) 82 (3) Tax-exempt securities 502 (16) 109 (23) 611 (39) Total AFS debt securities in a continuous $ 120,661 $ (530) $ 6,928 $ (153) $ 127,589 $ (683) The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at June 30, 2022 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgage-backed securities (MBS) 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 Due after One Year Due after Five Years Due after 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 $ — — % $ 5 5.40 % $ 47 4.55 % $ 29,947 3.29 % $ 29,999 3.29 % Agency-collateralized mortgage obligations — — — — 18 2.56 2,723 2.91 2,741 2.91 Commercial 74 2.38 3,580 2.64 7,509 1.82 1,888 2.12 13,051 2.09 Non-agency residential — — — — — — 887 7.33 887 7.33 Total mortgage-backed securities 74 2.38 3,585 2.64 7,574 1.84 35,445 3.30 46,678 3.01 U.S. Treasury and government agencies 12,918 1.50 61,277 2.02 121,490 1.61 32 2.91 195,717 1.73 Non-U.S. securities 17,748 0.71 2,030 4.28 3 6.03 130 4.03 19,911 1.10 Other taxable securities 899 3.02 1,834 2.61 286 3.22 299 3.01 3,318 2.81 Tax-exempt securities 938 1.21 5,117 1.93 2,800 2.42 4,121 2.01 12,976 2.01 Total amortized cost of debt securities carried at fair value $ 32,577 1.11 $ 73,843 2.12 $ 132,153 1.64 $ 40,027 3.17 $ 278,600 1.93 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 15 2.60 % $ 528,282 2.13 % $ 528,297 2.13 % U.S. Treasury and government agencies — — 4,534 1.80 117,040 1.37 — — 121,574 1.39 Other taxable securities 39 8.65 1,074 2.24 442 2.98 6,858 2.49 8,413 2.51 Total amortized cost of HTM debt securities $ 39 8.65 $ 5,608 1.88 $ 117,497 1.37 $ 535,140 2.13 $ 658,284 1.99 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 5 $ 48 $ 28,672 $ 28,725 Agency-collateralized mortgage obligations — — 18 2,595 2,613 Commercial 74 3,619 7,159 1,720 12,572 Non-agency residential — 3 — 836 839 Total mortgage-backed securities 74 3,627 7,225 33,823 44,749 U.S. Treasury and government agencies 13,032 61,242 119,940 31 194,245 Non-U.S. securities 17,500 2,000 3 131 19,634 Other taxable securities 896 1,827 282 267 3,272 Tax-exempt securities 940 5,112 2,779 3,934 12,765 Total debt securities carried at fair value $ 32,442 $ 73,808 $ 130,229 $ 38,186 $ 274,665 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 14 $ 461,111 $ 461,125 U.S. Treasury and government agencies — 4,297 102,381 — 106,678 Other taxable securities 39 1,030 423 6,247 7,739 Total fair value of HTM debt securities $ 39 $ 5,327 $ 102,818 $ 467,358 $ 575,542 (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.

Outstanding Loans and Leases an

Outstanding Loans and Leases and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Outstanding Loans and Leases and Allowance for Credit Losses	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 June 30, 2022 and December 31, 2021. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) June 30, 2022 Consumer real estate Residential mortgage $ 944 $ 237 $ 1,179 $ 2,360 $ 225,610 $ 227,970 Home equity 75 32 279 386 26,734 27,120 Credit card and other consumer Credit card 311 204 493 1,008 83,002 84,010 Direct/Indirect consumer (2) 149 42 22 213 108,613 108,826 Other consumer — — — — 195 195 Total consumer 1,479 515 1,973 3,967 444,154 448,121 Consumer loans accounted for under the fair value option (3) $ 377 377 Total consumer loans and leases 1,479 515 1,973 3,967 444,154 377 448,498 Commercial U.S. commercial 603 290 485 1,378 354,353 355,731 Non-U.S. commercial 157 116 360 633 125,163 125,796 Commercial real estate (4) 129 167 71 367 63,886 64,253 Commercial lease financing 18 55 10 83 13,529 13,612 U.S. small business commercial (5) 220 51 146 417 17,340 17,757 Total commercial 1,127 679 1,072 2,878 574,271 577,149 Commercial loans accounted for under the fair value option (3) 5,119 5,119 Total commercial loans and leases 1,127 679 1,072 2,878 574,271 5,119 582,268 Total loans and leases (6) $ 2,606 $ 1,194 $ 3,045 $ 6,845 $ 1,018,425 $ 5,496 $ 1,030,766 Percentage of outstandings 0.25 % 0.12 % 0.30 % 0.67 % 98.80 % 0.53 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $173 million and nonperforming loans of $92 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $68 million and nonperforming loans of $87 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $492 million. Consumer real estate loans current or less than 30 days past due includes $1.7 billion, and direct/indirect consumer includes $43 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.8 billion, U.S. securities-based lending loans of $54.0 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 $79 million and home equity loans of $298 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.2 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 $60.1 billion and non-U.S. commercial real estate loans of $4.1 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.1 billion. The Corporation also pledged $164.1 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 Total Outstandings (Dollars in millions) December 31, 2021 Consumer real estate Residential mortgage $ 1,005 $ 297 $ 1,571 $ 2,873 $ 219,090 $ 221,963 Home equity 123 69 369 561 27,374 27,935 Credit card and other consumer Credit card 298 212 487 997 80,441 81,438 Direct/Indirect consumer (2) 147 52 18 217 103,343 103,560 Other consumer — — — — 190 190 Total consumer 1,573 630 2,445 4,648 430,438 435,086 Consumer loans accounted for under the fair value option (3) $ 618 618 Total consumer loans and leases 1,573 630 2,445 4,648 430,438 618 435,704 Commercial U.S. commercial 815 308 396 1,519 324,417 325,936 Non-U.S. commercial 148 20 83 251 113,015 113,266 Commercial real estate (4) 115 34 285 434 62,575 63,009 Commercial lease financing 104 28 13 145 14,680 14,825 U.S. small business commercial (5) 129 259 89 477 18,706 19,183 Total commercial 1,311 649 866 2,826 533,393 536,219 Commercial loans accounted for under the fair value option (3) 7,201 7,201 Total commercial loans and leases 1,311 649 866 2,826 533,393 7,201 543,420 Total loans and leases (6) $ 2,884 $ 1,279 $ 3,311 $ 7,474 $ 963,831 $ 7,819 $ 979,124 Percentage of outstandings 0.29 % 0.13 % 0.34 % 0.76 % 98.44 % 0.80 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $55 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 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 $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 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 $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 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 has entered into long-term credit protection agreements with FNMA and FHLMC on loans totaling $10.0 billion and $10.5 billion at June 30, 2022 and December 31, 2021, 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 decreased to $1.3 billion at June 30, 2022 from $1.6 billion at December 31, 2021. Consumer nonperforming loans decreased to $2.9 billion at June 30, 2022 from $3.0 billion at December 31, 2021 primarily due to decreases from consumer real estate loan sales, partially offset by increases from loans with expired deferrals that were modified in TDRs during the first quarter of 2022. The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at June 30, 2022 and December 31, 2021. 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 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 2021 Annual Report on Form 10-K . Credit Quality Nonperforming Loans Accruing Past Due (Dollars in millions) June 30 December 31 June 30 December 31 Residential mortgage (1) $ 2,245 $ 2,284 $ 492 $ 634 With no related allowance (2) 1,956 1,950 — — Home equity (1) 563 630 — — With no related allowance (2) 371 414 — — Credit Card n/a n/a 493 487 Direct/indirect consumer 58 75 15 11 Total consumer 2,866 2,989 1,000 1,132 U.S. commercial 742 825 357 171 Non-U.S. commercial 279 268 184 19 Commercial real estate 218 382 18 40 Commercial lease financing 44 80 3 8 U.S. small business commercial 15 23 143 87 Total commercial 1,298 1,578 705 325 Total nonperforming loans $ 4,164 $ 4,567 $ 1,705 $ 1,457 Percentage of outstanding loans and leases 0.41 % 0.47 % 0.17 % 0.15 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2022 and December 31, 2021 residential mortgage includes $395 million and $444 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $97 million and $190 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date. 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 to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed loan-to-value (LTV) and refreshed Fair Isaac Corporation (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 combined loan-to-value (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 June 30, 2022, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 213,285 $ 29,035 $ 83,405 $ 38,908 $ 19,897 $ 6,116 $ 35,924 Greater than 90 percent but less than or equal to 100 percent 1,858 768 855 156 28 10 41 Greater than 100 percent 686 306 222 71 24 11 52 Fully-insured loans 12,141 312 3,840 3,256 1,015 177 3,541 Total Residential Mortgage $ 227,970 $ 30,421 $ 88,322 $ 42,391 $ 20,964 $ 6,314 $ 39,558 Residential Mortgage Refreshed FICO score Less than 620 $ 2,063 $ 230 $ 488 $ 345 $ 121 $ 94 $ 785 Greater than or equal to 620 and less than 680 4,909 603 1,415 913 416 273 1,289 Greater than or equal to 680 and less than 740 24,768 3,229 8,857 4,582 2,314 827 4,959 Greater than or equal to 740 184,089 26,047 73,722 33,295 17,098 4,943 28,984 Fully-insured loans 12,141 312 3,840 3,256 1,015 177 3,541 Total Residential Mortgage $ 227,970 $ 30,421 $ 88,322 $ 42,391 $ 20,964 $ 6,314 $ 39,558 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) June 30, 2022 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,876 $ 1,518 $ 19,583 $ 5,775 Greater than 90 percent but less than or equal to 100 percent 98 41 30 27 Greater than 100 percent 146 54 44 48 Total Home Equity $ 27,120 $ 1,613 $ 19,657 $ 5,850 Home Equity Refreshed FICO score Less than 620 $ 731 $ 197 $ 174 $ 360 Greater than or equal to 620 and less than 680 1,252 180 470 602 Greater than or equal to 680 and less than 740 4,254 405 2,438 1,411 Greater than or equal to 740 20,883 831 16,575 3,477 Total Home Equity $ 27,120 $ 1,613 $ 19,657 $ 5,850 (1) Includes reverse mortgages of $1.1 billion and home equity loans of $482 million, 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/ Revolving Loans 2022 2021 2020 2019 2018 Prior Total Credit Card as of June 30, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 691 $ 12 $ 71 $ 237 $ 108 $ 103 $ 55 $ 105 $ 3,094 $ 2,939 $ 155 Greater than or equal to 620 and less than 680 2,347 13 570 964 326 214 99 161 9,545 9,362 183 Greater than or equal to 680 and less than 740 8,723 54 2,472 3,426 1,262 753 310 446 28,737 28,565 172 Greater than or equal to 740 39,165 87 9,742 13,504 7,072 4,520 1,820 2,420 42,634 42,589 45 Other internal credit metrics (2,3) 57,900 57,052 170 288 87 67 42 194 — — — Total credit card and other $ 108,826 $ 57,218 $ 13,025 $ 18,419 $ 8,855 $ 5,657 $ 2,326 $ 3,326 $ 84,010 $ 83,455 $ 555 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $57.1 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 June 30, 2022. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 346,850 $ 38,819 $ 47,170 $ 21,131 $ 20,079 $ 10,660 $ 33,699 $ 175,292 Reservable criticized 8,881 41 491 676 881 1,268 1,085 4,439 Total U.S. Commercial $ 355,731 $ 38,860 $ 47,661 $ 21,807 $ 20,960 $ 11,928 $ 34,784 $ 179,731 Non-U.S. Commercial Risk ratings Pass rated $ 123,181 $ 13,828 $ 22,677 $ 7,001 $ 5,022 $ 3,412 $ 5,137 $ 66,104 Reservable criticized 2,615 79 366 311 334 140 542 843 Total Non-U.S. Commercial $ 125,796 $ 13,907 $ 23,043 $ 7,312 $ 5,356 $ 3,552 $ 5,679 $ 66,947 Commercial Real Estate Risk ratings Pass rated $ 59,121 $ 6,569 $ 13,558 $ 6,667 $ 9,710 $ 5,299 $ 9,615 $ 7,703 Reservable criticized 5,132 6 468 567 1,648 1,113 1,185 145 Total Commercial Real Estate $ 64,253 $ 6,575 $ 14,026 $ 7,234 $ 11,358 $ 6,412 $ 10,800 $ 7,848 Commercial Lease Financing Risk ratings Pass rated $ 13,296 $ 1,036 $ 2,811 $ 2,186 $ 2,185 $ 1,661 $ 3,417 $ — Reservable criticized 316 2 24 30 86 57 117 — Total Commercial Lease Financing $ 13,612 $ 1,038 $ 2,835 $ 2,216 $ 2,271 $ 1,718 $ 3,534 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,228 $ 803 $ 2,547 $ 1,947 $ 945 $ 694 $ 2,159 $ 133 Reservable criticized 345 9 21 33 82 62 135 3 Total U.S. Small Business Commercial $ 9,573 $ 812 $ 2,568 $ 1,980 $ 1,027 $ 756 $ 2,294 $ 136 Total $ 568,965 $ 61,192 $ 90,133 $ 40,549 $ 40,972 $ 24,366 $ 57,091 $ 254,662 (1) Excludes $5.1 billion of loans accounted for under the fair value option at June 30, 2022. (2) Excludes U.S. Small Business Card loans of $8.2 billion. Refreshed FICO scores for this portfolio are $210 million for less than 620; $723 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 $5.1 billion greater than or equal to 740. 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 December 31, 2021, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2021 2020 2019 2018 2017 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 206,562 $ 87,051 $ 43,597 $ 23,205 $ 7,392 $ 10,956 $ 34,361 Greater than 90 percent but less than or equal to 100 percent 1,938 1,401 331 81 17 14 94 Greater than 100 percent 759 520 112 29 11 12 75 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Residential Mortgage Refreshed FICO score Less than 620 $ 2,451 $ 636 $ 442 $ 140 $ 120 $ 104 $ 1,009 Greater than or equal to 620 and less than 680 5,199 1,511 1,123 477 294 307 1,487 Greater than or equal to 680 and less than 740 24,532 8,822 5,454 2,785 1,057 1,434 4,980 Greater than or equal to 740 177,077 78,003 37,021 19,913 5,949 9,137 27,054 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2021 Home Equity Refreshed LTV Less than or equal to 90 percent $ 27,594 $ 1,773 $ 19,095 $ 6,726 Greater than 90 percent but less than or equal to 100 percent 130 55 34 41 Greater than 100 percent 211 85 54 72 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 Home Equity Refreshed FICO score Less than 620 $ 893 $ 244 $ 209 $ 440 Greater than or equal to 620 and less than 680 1,434 222 495 717 Greater than or equal to 680 and less than 740 4,625 468 2,493 1,664 Greater than or equal to 740 20,983 979 15,986 4,018 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 (1) Includes reverse mortgages of $1.3 billion and home equity loans of $582 million, 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 December 31, 2021 Revolving Loans 2021 2020 2019 2018 2017 Prior Total Credit Card as of December 31, 2021 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 685 $ 13 $ 179 $ 115 $ 129 $ 79 $ 101 $ 69 $ 3,017 $ 2,857 $ 160 Greater than or equal to 620 and less than 680 2,313 14 1,170 414 313 148 134 120 9,264 9,064 200 Greater than or equal to 680 and less than 740 8,530 60 4,552 1,659 1,126 466 314 353 28,347 28,155 192 Greater than or equal to 740 37,164 94 15,876 8,642 6,465 2,679 1,573 1,835 40,810 40,762 48 Other internal credit metrics (2, 3) 54,868 54,173 283 53 77 75 63 144 — — — Total credit card and other $ 103,560 $ 54,354 $ 22,060 $ 10,883 $ 8,110 $ 3,447 $ 2,185 $ 2,521 $ 81,438 $ 80,838 $ 600 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $54.2 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 December 31, 2021. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 315,618 $ 55,862 $ 25,012 $ 23,373 $ 11,439 $ 10,426 $ 23,877 $ 165,629 Reservable criticized 10,318 598 687 1,308 1,615 514 1,072 4,524 Total U.S. Commercial $ 325,936 $ 56,460 $ 25,699 $ 24,681 $ 13,054 $ 10,940 $ 24,949 $ 170,153 Non-U.S. Commercial Risk ratings Pass rated $ 110,787 $ 25,749 $ 8,703 $ 7,133 $ 4,521 $ 3,016 $ 3,062 $ 58,603 Reservable criticized 2,479 223 324 487 275 257 216 697 Total Non-U.S. Commercial $ 113,266 $ 25,972 $ 9,027 $ 7,620 $ 4,796 $ 3,273 $ 3,278 $ 59,300 Commercial Real Estate Risk ratings Pass rated $ 55,511 $ 14,402 $ 7,244 $ 11,237 $ 5,710 $ 3,326 $ 6,831 $ 6,761 Reservable criticized 7,498 277 990 2,237 1,710 596 1,464 224 Total Commercial Real Estate $ 63,009 $ 14,679 $ 8,234 $ 13,474 $ 7,420 $ 3,922 $ 8,295 $ 6,985 Commercial Lease Financing Risk ratings Pass rated $ 14,438 $ 3,280 $ 2,485 $ 2,427 $ 2,030 $ 1,741 $ 2,475 $ — Reservable criticized 387 25 18 91 67 48 138 — Total Commercial Lease Financing $ 14,825 $ 3,305 $ 2,503 $ 2,518 $ 2,097 $ 1,789 $ 2,613 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,618 $ 4,257 $ 2,922 $ 1,059 $ 763 $ 623 $ 1,853 $ 141 Reservable criticized 433 12 29 91 87 64 147 3 Total U.S. Small Business Commercial $ 12,051 $ 4,269 $ 2,951 $ 1,150 $ 850 $ 687 $ 2,000 $ 144 Total $ 529,087 $ 104,685 $ 48,414 $ 49,443 $ 28,217 $ 20,611 $ 41,135 $ 236,582 (1) Excludes $7.2 billion of loans accounted for under the fair value option at December 31, 2021. (2) Excludes U.S. Small Business Card loans of $7.1 billion. Refreshed FICO scores for this portfolio are $192 million for less than 620; $618 million for greater than or equal to 620 and less than 680; $1.9 billion for greater than or equal to 680 and less than 740; and $4.4 billion greater than or equal to 740. Troubled Debt Restructurings Consumer Real Estate Modifications of consumer real estate loans are classified as TDRs when the borrower is experiencing financial difficulties and a concession has been granted. 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 $242 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 June 30, 2022, of which $64 million were classified as nonperforming and $42 million were loans fully insured. At June 30, 2022 and December 31, 2021, 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 $115 million and $101 million at June 30, 2022 and December 31, 2021. The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at June 30, 2022 and December 31, 2021 was $1.0 billion and $1.1 billion. During the six months ended June 30, 2022 and 2021, the Corporation reclassified $99 million and $20 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 June 30, 2022 and 2021 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 and six months ended June 30, 2022 and 2021. 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 and Six Months Ended June 30, 2022 and 2021 Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Residential mortgage $ 540 $ 489 3.47 % 3.38 % $ 858 $ 774 3.53 % 3.35 % Home equity 129 110 3.80 3.89 170 140 3.77 3.84 Total $ 669 $ 599 3.53 3.48 $ 1,028 $ 914 3.57 3.43 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Residential mortgage $ 522 $ 466 3.53 % 3.51 % $ 744 $ 667 3.51 % 3.49 % Home equity 62 47 3.58 3.61 83 63 3.55 3.58 Total $ 584 $ 513 3.53 3.52 $ 827 $ 730 3.52 3.50 (1) 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 June 30, 2022 and 2021 carrying value for consumer real estate loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021, by type of modification. Consumer Real Estate – Modification Programs TDRs Entered into During the Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Modifications under government programs $ — $ 1 $ — $ 3 Modifications under proprietary programs 536 479 816 665 Loans discharged in Chapter 7 bankruptcy (1) 4 12 8 22 Trial modifications 59 21 90 40 Total modifications $ 599 $ 513 $ 914 $ 730 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The following table presents the carrying value of consumer real estate loans that entered into payment default during the three and six months ended June 30, 2022 and 2021 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 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Modifications under government programs $ — $ 1 $ — $ 2 Modifications under proprietary programs 32 33 72 45 Loans discharged in Chapter 7 bankruptcy (1) — 2 1 5 Trial modifications (2) 7 6 11 12 Total modifications $ 39 $ 42 $ 84 $ 64 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (2) Includes trial modification offers to which the customer did not respond. Credit Card and Other Consumer The Corporation seeks to assist customers who 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 June 30, 2022 and 2021 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during the three and six months ended June 30, 2022 and 2021. Credit Card and Other Consumer – TDRs Entered into During the Three and Six Months Ended June 30, 2022 and 2021 Unpaid Principal Balance Carrying Value (1) Pre-Modification Interest Rate Post-Modification Interest Rate Unpaid Principal Balance Carrying (1) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Credit card $ 65 $ 69 19.77 % 3.78 % $ 127 $ 132 19.60 % 3.76 % Direct/Indirect consumer 3 2 5.41 5.41 5 5 5.62 5.62 Total $ 68 $ 71 19.37 3.83 $ 132 $ 137 19.09 3.83 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Credit card $ 62 $ 68 18.44 % 4.24 % $ 137 $ 147 18.48 % 4.53 % Direct/Indirect consumer 6 4 5.64 5.64 11 7 5.62 5.62 Total $ 68 $ 72 17.75 4.31 $ 148 $ 154 17.87 4.58 (1) Includes accrued interest and fees. The table below presents the June 30, 2022 and 2021 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021 by program type. Credit Card and Other Consumer – TDRs by Program Type (1) TDRs Entered into During the TDRs Entered into During the (Dollars in millions) 2022 2021 2022 2021 Internal programs $ 58 $ 57 $ 112 $ 121 External programs 10 13 20 29 Other 3 2 5 4 Total $ 71 $ 72 $ 137 $ 154 (1) Includes accrued interest and fees. 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 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. During the three and six months ended June 30, 2022, the carrying value of the Corporation’s commercial loans that were modified as TDRs was $796 million and $1.3 billion compared to $320 million and $865 million for the same periods in 2021. At June 30, 2022 and December 31, 2021, the Corporation had commitments to lend $369 million and $283 million to commercial borrowers whose loans were classified as TDRs. The balance of commercial TDRs in payment default was $136 million and $262 million at June 30, 2022 and December 31, 2021. Loans Held-for-sale The Corporation had LHFS of $6.7 billion and $15.6 billion at June 30, 2022 and December 31, 2021. Cash and non-cash proceeds from sales and paydowns of loans originally classified as LHFS were $21.4 billion and $18.2 billion for the six months ended June 30, 2022 and 2021. Cash used for originations and purchases of LHFS totaled $11.4 billion and $17.0 billion for the six months ended June 30, 2022 and 2021. Also included were non-cash net transfers into LHFS of $1.6 billion for the six months ended June 30, 2022, primarily driven by the transfer of a $1.6 billion affinity card loan portfolio to held f

Securitizations and Other Varia

Securitizations and Other Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
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 and liabilities of consolidated and unconsolidated VIEs at June 30, 2022 and December 31, 2021 in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE. The tables also present the Corporation’s maximum loss exposure at June 30, 2022 and December 31, 2021 resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest. 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 6 – Securitizations and Other Variable Interest Entities to the Consolidated Financial Statements of the Corporation’s 2021 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. In addition, the Corporation has used VIEs in connection with its funding activities. The Corporation did not provide financial support to consolidated or unconsolidated VIEs during the three and six months ended June 30, 2022 or the year ended December 31, 2021 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 $927 million and $968 million at June 30, 2022 and December 31, 2021. 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 and six months ended June 30, 2022 and 2021. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended June 30 Six Months Ended June 30 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds from loan sales (1) $ 1,419 $ 1,652 $ 3,741 $ 2,895 $ 1,988 $ 2,175 $ 4,416 $ 2,840 Gains on securitizations (2) — 3 8 5 13 31 26 64 Repurchases from securitization trusts (3) 9 98 25 178 — — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the government-sponsored enterprises (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 typically 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 $10 million and $30 million net of hedges, during the three and six months ended June 30, 2022 and compared to $40 million and $73 million for the same periods in 2021, 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 $105.8 billion and $138.7 billion at June 30, 2022 and 2021. Servicing fee and ancillary fee income on serviced loans was $74 million and $144 million during the three and six months ended June 30, 2022 compared to $104 million and $217 million for the same periods in 2021. Servicing advances on serviced loans, including loans serviced for others and loans held for investment, were $1.7 billion and $2.0 billion at June 30, 2022 and December 31, 2021. For more information on MSRs, see Note 14 – Fair Value Measurements . During the three and six months ended June 30, 2022, the Corporation deconsolidated agency residential mortgage securitization trusts with total assets of $36 million and $563 million, with no significant deconsolidations during the three and six months ended June 30, 2021. The following table summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at June 30, 2022 and December 31, 2021. First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 9,881 $ 11,600 $ 108 $ 121 $ 807 $ 908 $ 15 $ 14 $ 1,496 $ 1,445 On-balance sheet assets Senior securities: Trading account assets $ 213 $ 175 $ 3 $ 8 $ 37 $ 44 $ 13 $ 12 $ 25 $ 21 Debt securities carried at fair value 3,542 5,009 — — 455 537 — — — — Held-to-maturity securities 6,126 6,416 — — — — — — 1,268 1,157 All other assets — — 3 3 34 29 2 2 59 93 Total retained positions $ 9,881 $ 11,600 $ 6 $ 11 $ 526 $ 610 $ 15 $ 14 $ 1,352 $ 1,271 Principal balance outstanding (2) $ 85,819 $ 93,142 $ 4,251 $ 4,710 $ 5,471 $ 6,179 $ 12,279 $ 13,627 $ 84,991 $ 85,540 Consolidated VIEs Maximum loss exposure (1) $ 1,648 $ 1,644 $ — $ 49 $ 89 $ — $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,648 $ 1,644 $ — $ — $ 89 $ — $ — $ — $ — $ — Loans and leases, net — — — 58 — — — — — — Total assets $ 1,648 $ 1,644 $ — $ 58 $ 89 $ — $ — $ — $ — $ — Total liabilities $ — $ — $ — $ 9 $ — $ — $ — $ — $ — $ — (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 table below summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at June 30, 2022 and December 31, 2021. Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2) Resecuritization Trusts Municipal Bond Trusts (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure $ 130 $ 152 $ — $ — $ 5,799 $ 6,089 $ 3,379 $ 4,094 On-balance sheet assets Securities (3) : Trading account assets $ — $ — $ — $ — $ 1,599 $ 1,030 $ — $ — Debt securities carried at fair value 1 1 — — 1,467 1,903 — — Held-to-maturity securities — — — — 2,733 3,156 — — Total retained positions $ 1 $ 1 $ — $ — $ 5,799 $ 6,089 $ — $ — Total assets of VIEs $ 366 $ 430 $ — $ — $ 14,993 $ 18,633 $ 3,907 $ 4,655 Consolidated VIEs Maximum loss exposure $ 38 $ 45 $ 8,937 $ 10,279 $ 149 $ 680 $ 155 $ 210 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 156 $ 686 $ 63 $ 122 Loans and leases 116 140 13,981 14,434 — — — — Allowance for loan and lease losses 13 14 (843) (970) — — — — All other assets 2 3 59 70 — — 92 88 Total assets $ 131 $ 157 $ 13,197 $ 13,534 $ 156 $ 686 $ 155 $ 210 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ 133 $ 196 Long-term debt 94 113 4,248 3,248 7 6 — — All other liabilities — — 12 7 — — — — Total liabilities $ 94 $ 113 $ 4,260 $ 3,255 $ 7 $ 6 $ 133 $ 196 (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 June 30, 2022 and December 31, 2021, loans and leases in the consolidated credit card trust included $2.7 billion and $4.3 billion of seller’s interest. (3) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). 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 preceding table. The charges that will ultimately be recorded as a result of the rapid amortization events depend on the undrawn portion of the home equity lines of credit, 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 and cash reserve accounts. Senior debt securities totaling $1.0 billion were issued to third-party investors from the credit card securitization trust during the six months ended June 30, 2022 and 2021. At June 30, 2022 and December 31, 2021, the Corporation held subordinate securities issued by the credit card securitization trust with a notional principal amount of $6.7 billion and $6.5 billion. These securities serve as a form of credit enhancement to the senior debt securities and have a stated interest rate of zero percent. There were $161 million of subordinate securities issued by the credit card securitization trust during the six months ended June 30, 2022 and 2021. Resecuritization Trusts The Corporation transfers securities, typically MBS, into resecuritization VIEs generally 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 $4.6 billion and $14.2 billion of securities during the three and six months ended June 30, 2022 compared to $5.9 billion and $14.7 billion for the same periods in 2021. 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 and six months ended June 30, 2022 and 2021, resecuritization proceeds included securities with an initial fair value of $1.0 billion and $1.7 billion compared to $233 million and $519 million, of which substantially all of the securities were classified as trading account assets for both periods and 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 $3.4 billion and $4.1 billion at June 30, 2022 and December 31, 2021. The weighted-average remaining life of bonds held in the trusts at June 30, 2022 was 7.2 years. There were no significant write-downs or downgrades of assets or issuers during the six months ended June 30, 2022 and 2021. Other Variable Interest Entities The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at June 30, 2022 and December 31, 2021. Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) June 30, 2022 December 31, 2021 Maximum loss exposure $ 2,241 $ 29,021 $ 31,262 $ 4,819 $ 27,790 $ 32,609 On-balance sheet assets Trading account assets $ 338 $ 562 $ 900 $ 2,552 $ 626 $ 3,178 Debt securities carried at fair value — 7 7 — 7 7 Loans and leases 2,073 83 2,156 2,503 47 2,550 Allowance for loan and lease losses (2) (12) (14) (2) (12) (14) All other assets 24 27,911 27,935 28 26,628 26,656 Total $ 2,433 $ 28,551 $ 30,984 $ 5,081 $ 27,296 $ 32,377 On-balance sheet liabilities Short-term borrowings $ 32 $ — $ 32 $ 51 $ — $ 51 Long-term debt 160 — 160 211 — 211 All other liabilities — 7,132 7,132 — 6,548 6,548 Total $ 192 $ 7,132 $ 7,324 $ 262 $ 6,548 $ 6,810 Total assets of VIEs $ 2,433 $ 93,885 $ 96,318 $ 5,081 $ 92,249 $ 97,330 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 $993 million and $2.9 billion at June 30, 2022 and December 31, 2021, 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 $124 million and $235 million at June 30, 2022 and December 31, 2021. 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 June 30, 2022 and December 31, 2021, the Corporation’s consolidated investment VIEs had total assets of $657 million and $1.0 billion. The Corporation also held investments in unconsolidated VIEs with total assets of $7.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021. The Corporation’s maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $1.8 billion and $2.0 billion at June 30, 2022 and December 31, 2021 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 $1.4 billion and $1.5 billion at June 30, 2022 and December 31, 2021. 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 $26.7 billion and $25.7 billion at June 30, 2022 and December 31, 2021. 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 $13.4 billion and $12.6 billion, including unfunded commitments to provide capital contributions of $6.4 billion and $5.8 billion, at June 30, 2022 and December 31, 2021. The unfunded commitments are expected to be paid over the next five years. During the three and six months ended June 30, 2022, the Corporation recognized tax credits and other tax benefits from investments in affordable housing partnerships of $375 million and $748 million and reported pretax losses in other income of $314 million and $627 million. For the same periods in 2021, the Corporation recognized tax credits and other tax benefits of $334 million and $727 million and reported pretax losses in other income of $279 million and $555 million. These tax credits are recognized as part of the Corporation’s annual effective tax rate used to determine tax expense in a given quarter. The Corporation may 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	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The table below presents goodwill balances by business segment at June 30, 2022 and December 31, 2021. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. The Corporation completed its annual goodwill impairment test as of June 30, 2022 and determined there was no impairment. For more information regarding the nature of and accounting for the Corporation’s annual goodwill impairment testing, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Goodwill June 30 December 31 (Dollars in millions) 2022 2021 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,182 5,182 Total goodwill $ 69,022 $ 69,022 Intangible Assets At June 30, 2022 and December 31, 2021, the net carrying value of intangible assets was $2.1 billion and $2.2 billion. At both June 30, 2022 and December 31, 2021, 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 $20 million and $39 million for the three and six months ended June 30, 2022 compared to $20 million and $37 million for the same periods in 2021.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
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 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2021 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. The table below presents the net investment in sales-type and direct financing leases at June 30, 2022 and December 31, 2021. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 15,628 $ 16,806 Unguaranteed residuals 1,870 2,078 Total net investment in sales-type and direct $ 17,498 $ 18,884 (1) 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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021. The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use asset $ 9,963 $ 10,233 Lease liabilities 10,560 10,858
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 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2021 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. The table below presents the net investment in sales-type and direct financing leases at June 30, 2022 and December 31, 2021. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 15,628 $ 16,806 Unguaranteed residuals 1,870 2,078 Total net investment in sales-type and direct $ 17,498 $ 18,884 (1) 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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021. The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use asset $ 9,963 $ 10,233 Lease liabilities 10,560 10,858
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 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2021 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. The table below presents the net investment in sales-type and direct financing leases at June 30, 2022 and December 31, 2021. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 15,628 $ 16,806 Unguaranteed residuals 1,870 2,078 Total net investment in sales-type and direct $ 17,498 $ 18,884 (1) 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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021. The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use asset $ 9,963 $ 10,233 Lease liabilities 10,560 10,858
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 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2021 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. The table below presents the net investment in sales-type and direct financing leases at June 30, 2022 and December 31, 2021. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 15,628 $ 16,806 Unguaranteed residuals 1,870 2,078 Total net investment in sales-type and direct $ 17,498 $ 18,884 (1) 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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021. The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use asset $ 9,963 $ 10,233 Lease liabilities 10,560 10,858

Securities Financing Agreements

Securities Financing Agreements, Collateral and Restricted Cash	6 Months Ended
	Jun. 30, 2022
Securities Financing Agreements, Short-term Borrowings and Restricted Cash [Abstract]
Securities Financing Agreements, Collateral and Restricted Cash	Securities Financing Agreements, Collateral and Restricted Cash The Corporation enters into securities financing agreements which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase. These financing agreements (also referred to as “matched-book transactions”) are to accommodate customers, obtain securities to cover short positions and finance inventory positions. The Corporation elects to account for certain securities financing agreements under the fair value option. For more information on the fair value option, see Note 15 – Fair Value Option . Offsetting of Securities Financing Agreements 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 June 30, 2022 and December 31, 2021. 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. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2022 Securities borrowed or purchased under agreements to resell (3) $ 533,938 $ (261,508) $ 272,430 $ (242,902) $ 29,528 Securities loaned or sold under agreements to repurchase $ 465,815 $ (261,508) $ 204,307 $ (194,375) $ 9,932 Other (4) 6,761 — 6,761 (6,761) — Total $ 472,576 $ (261,508) $ 211,068 $ (201,136) $ 9,932 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (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 $11.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at June 30, 2022 and December 31, 2021. (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 10 – Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2021 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) June 30, 2022 Securities sold under agreements to repurchase $ 185,699 $ 154,162 $ 37,718 $ 26,783 $ 404,362 Securities loaned 55,681 404 888 4,480 61,453 Other 6,761 — — — 6,761 Total $ 248,141 $ 154,566 $ 38,606 $ 31,263 $ 472,576 December 31, 2021 Securities sold under agreements to repurchase $ 148,023 $ 194,964 $ 36,939 $ 36,501 $ 416,427 Securities loaned 46,231 466 1,428 4,111 52,236 Other 11,391 — — — 11,391 Total $ 205,645 $ 195,430 $ 38,367 $ 40,612 $ 480,054 (1) No agreements have maturities greater than three years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) June 30, 2022 U.S. government and agency securities $ 194,141 $ — $ — $ 194,141 Corporate securities, trading loans and other 14,183 2,032 514 16,729 Equity securities 11,888 59,020 6,247 77,155 Non-U.S. sovereign debt 180,423 401 — 180,824 Mortgage trading loans and ABS 3,727 — — 3,727 Total $ 404,362 $ 61,453 $ 6,761 $ 472,576 December 31, 2021 U.S. government and agency securities $ 201,546 $ 27 $ — $ 201,573 Corporate securities, trading loans and other 12,838 3,440 1,148 17,426 Equity securities 19,907 48,650 10,192 78,749 Non-U.S. sovereign debt 178,019 119 51 178,189 Mortgage trading loans and ABS 4,117 — — 4,117 Total $ 416,427 $ 52,236 $ 11,391 $ 480,054 Collateral The Corporation accepts securities and loans as collateral that it is permitted by contract or practice to sell or repledge. At June 30, 2022 and December 31, 2021, the fair value of this collateral was $759.9 billion and $854.8 billion, of which $702.6 billion and $782.7 billion were sold or repledged. The primary source of this collateral is securities borrowed or purchased under agreements to resell. For more information on collateral, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Restricted Cash At June 30, 2022 and December 31, 2021, the Corporation held restricted cash included within cash and cash equivalents on the Consolidated Balance Sheet of $6.4 billion and $5.9 billion, predominantly related to cash segregated in compliance with securities regulations and cash held on deposit with central banks to meet reserve requirements.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
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 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Credit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, standby letters of credit (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 $11.2 billion and $10.7 billion at June 30, 2022 and December 31, 2021. The carrying value of the Corporation’s credit extension commitments at June 30, 2022 and December 31, 2021, excluding commitments accounted for under the fair value option, were both $1.5 billion, which predominantly related to the reserve for unfunded lending commitments. 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 following table includes the notional amount of commitments of $3.6 billion and $4.8 billion at June 30, 2022 and December 31, 2021 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $220 million and $97 million at June 30, 2022 and December 31, 2021, 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 Expire After Total (Dollars in millions) June 30, 2022 Notional amount of credit extension commitments Loan commitments (1) $ 119,081 $ 176,567 $ 199,835 $ 27,012 $ 522,495 Home equity lines of credit 1,111 6,169 10,961 22,490 40,731 Standby letters of credit and financial guarantees (2) 25,634 9,213 2,458 559 37,864 Letters of credit 1,028 94 22 69 1,213 Other commitments (3) 30 23 84 1,172 1,309 Legally binding commitments 146,884 192,066 213,360 51,302 603,612 Credit card lines (4) 419,054 — — — 419,054 Total credit extension commitments $ 565,938 $ 192,066 $ 213,360 $ 51,302 $ 1,022,666 December 31, 2021 Notional amount of credit extension commitments Loan commitments (1) $ 102,464 $ 190,687 $ 174,978 $ 26,635 $ 494,764 Home equity lines of credit 890 5,097 10,268 24,276 40,531 Standby letters of credit and financial guarantees (2) 22,359 10,742 2,017 422 35,540 Letters of credit 1,145 124 56 98 1,423 Other commitments (3) 18 59 81 1,233 1,391 Legally binding commitments 126,876 206,709 187,400 52,664 573,649 Credit card lines (4) 406,169 — — — 406,169 Total credit extension commitments $ 533,045 $ 206,709 $ 187,400 $ 52,664 $ 979,818 (1) At June 30, 2022 and December 31, 2021, $3.8 billion and $4.6 billion of these loan commitments were 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 $10.5 billion at June 30, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $146 million and $512 million at June 30, 2022 and December 31, 2021. (3) Primarily includes second-loss positions on lease-end residual value guarantees. (4) Includes business card unused lines of credit. Other Commitments At June 30, 2022 and December 31, 2021, the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $1.2 billion and $181 million, which upon settlement will be included in trading account assets, loans or LHFS, and commitments to purchase commercial loans of $275 million and $518 million, which upon settlement will be included in trading account assets. At June 30, 2022 and December 31, 2021, the Corporation had commitments to purchase commodities, primarily liquefied natural gas, of $410 million and $949 million, which upon settlement will be included in trading account assets. At June 30, 2022 and December 31, 2021, the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $96.2 billion and $92.0 billion, and commitments to enter into forward-dated repurchase and securities lending agreements of $63.3 billion and $32.6 billion. These commitments generally expire within the next 12 months. At June 30, 2022 and December 31, 2021, the Corporation had a commitment to originate or purchase up to $3.8 billion and $4.0 billion on a rolling 12-month basis, of auto loans and leases from a strategic partner. This commitment extends through November 2026 and can be terminated with 12 months prior notice. At June 30, 2022 and December 31, 2021, the Corporation had unfunded equity investment commitments of $958 million and $395 million. 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 June 30, 2022 and December 31, 2021, the notional amount of these guarantees totaled $4.4 billion and $6.3 billion. At June 30, 2022 and December 31, 2021, the Corporation’s maximum exposure related to these guarantees totaled $654 million and $928 million, with estimated maturity dates between 2033 and 2039. Merchant Services The Corporation in its role as merchant acquirer or as a sponsor of other merchant acquirers may be held liable for any reversed charges that cannot be collected from the merchants, due to, among other things, merchant fraud or insolvency. If charges are properly reversed after a purchase and cannot be collected from either the merchants or merchant acquirers, the Corporation may be held liable for these reversed charges. The ability to reverse a charge is primarily governed by the applicable payment network rules and regulations, which include, but are not limited to, the type of charge, type of payment used and time limits. The total amount of transactions subject to reversal under payment network rules and regulations processed for the preceding six-month period, which was $482.0 billion, is an estimate of the Corporation’s maximum potential exposure as of June 30, 2022. The Corporation’s risk in this area primarily relates to circumstances where a cardholder has purchased goods or services for future delivery. The Corporation mitigates this risk by requiring cash deposits, guarantees, letters of credit or other types of collateral from certain merchants. The Corporation’s reserves for contingent losses and the losses incurred related to the merchant processing activity were not significant. The Corporation continues to monitor its exposure in this area due to the potential economic impacts of the pandemic. Representations and Warranties Obligations and Corporate Guarantees For more information on representations and warranties obligations and corporate guarantees, see Note 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K . The reserve for representations and warranties obligations and corporate guarantees was $1.2 billion at both June 30, 2022 and December 31, 2021 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 its 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 $39.9 billion and $42.0 billion at June 30, 2022 and December 31, 2021. Other Guarantees 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 consolidated 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 disclosures supplement the disclosure in Note 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2021 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, timing of the ultimate resolution of these matters, or eventual loss, fines or penalties related to each pending matter. As a matter develops, the Corporation, in conjunction with any outside counsel handling the matter, evaluates whether such matter presents a loss contingency that is probable and estimable, and, for the matters below and the matters disclosed in the prior commitments and contingencies disclosure, whether a loss in excess of any accrued liability is reasonably possible in future periods. 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 $498 million and $604 million was recognized for the three and six months ended June 30, 2022 compared to $55 million and $89 million for the same periods in 2021. For any matter disclosed in this Note and in the prior commitments and contingencies disclosure for which a loss in future periods is reasonably possible and estimable (whether in excess of an accrued liability or where there is no accrued liability) and for representations and warranties exposures, the Corporation’s estimated range of possible loss is $0 to $1.0 billion in excess of the accrued liability, if any, as of June 30, 2022. The accrued liability and estimated range of possible loss are based upon currently available information and subject to significant judgment, a variety of assumptions and known and unknown uncertainties. The matters underlying the accrued liability and estimated range of possible loss are unpredictable and may change from time to time, and actual losses may vary significantly from the current estimate and accrual. The estimated range of possible loss does not represent the Corporation’s maximum loss exposure. Information is provided below and 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 matters 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 those matters, some of which are beyond the Corporation’s control, and the very large or indeterminate damages sought in some of those matters, an adverse outcome in one or more of those matters could be material to the Corporation’s business or results of operations for any particular reporting period, or cause significant reputational harm. Prepaid Debit Card Investigations On July 14, 2022, BANA agreed to settle two separate proceedings with the Office of the Comptroller of the Currency (OCC) and Consumer Financial Protection Bureau (CFPB) related to BANA’s administration of prepaid debit cards to distribute unemployment benefits. The orders found that BANA’s fraud prevention measures and resolution of potentially unauthorized transactions improperly delayed or denied access by certain cardholders to account funds. Without admitting or denying the findings, BANA consented to orders requiring it to improve its processes, review accounts and compensate cardholders, and pay penalties of $125 million and $100 million to the OCC and CFPB, respectively. The Corporation continues to defend civil litigation, including putative class actions, concerning BANA’s administration of these prepaid debit card programs. Record-keeping Investigations

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2022
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 July 20, 2022 September 2, 2022 September 30, 2022 $ 0.22 April 27, 2022 June 3, 2022 June 24, 2022 0.21 February 2, 2022 March 4, 2022 March 25, 2022 0.21 (1) In 2022, and through July 29, 2022. On July 20, 2022, the Board of Directors declared a quarterly common stock dividend of $0.22 per share. During the three and six months ended June 30, 2022, the Corporation repurchased and retired 27 million and 85 million shares of common stock, which reduced shareholders’ equity by $975 million and $3.6 billion. During the six months ended June 30, 2022, in connection with employee stock plans, the Corporation issued 68 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 26 million shares of its common stock. At June 30, 2022, the Corporation had reserved 496 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 June 30, 2022 and March 31, 2022, the Corporation declared $315 million and $467 million of cash dividends on preferred stock, or a total of $782 million for the six months ended June 30, 2022. On April 22, 2022, the Corporation issued 80,000 shares of 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT for $2.0 billion, with quarterly dividends commencing in July 2022. The Series TT 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. For more information on the Corporation’s preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2020 $ 5,122 $ (1,992) $ 426 $ (4,266) $ (946) $ (1,656) Net change (1,090) 265 (699) 120 (3) (1,407) Balance, June 30, 2021 $ 4,032 $ (1,727) $ (273) $ (4,146) $ (949) $ (3,063) Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (5,269) 836 (7,187) 60 (10) (11,570) Balance, June 30, 2022 $ (2,224) $ (800) $ (9,067) $ (3,582) $ (1,001) $ (16,674) The following table 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 six months ended June 30, 2022 and 2021. Pretax Tax After- Pretax Tax After- Six Months Ended June 30 (Dollars in millions) 2022 2021 Debt securities: Net increase (decrease) in fair value $ (6,972) $ 1,719 $ (5,253) $ (1,445) $ 355 $ (1,090) Net realized gains reclassified into earnings (1) (22) 6 (16) — — — Net change (6,994) 1,725 (5,269) (1,445) 355 (1,090) Debit valuation adjustments: Net increase (decrease) in fair value 1,100 (267) 833 336 (76) 260 Net realized losses reclassified into earnings (1) 3 — 3 7 (2) 5 Net change 1,103 (267) 836 343 (78) 265 Derivatives: Net increase (decrease) in fair value (9,621) 2,397 (7,224) (820) 205 (615) Reclassifications into earnings: Net interest income 70 (18) 52 (84) 20 (64) Compensation and benefits expense (19) 4 (15) (26) 6 (20) Net realized gains reclassified into earnings 51 (14) 37 (110) 26 (84) Net change (9,570) 2,383 (7,187) (930) 231 (699) Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 89 (29) 60 142 (22) 120 Net change 89 (29) 60 142 (22) 120 Foreign currency: Net increase (decrease) in fair value 407 (417) (10) 116 (119) (3) Net change 407 (417) (10) 116 (119) (3) Total other comprehensive income (loss) $ (14,965) $ 3,395 $ (11,570) $ (1,774) $ 367 $ (1,407) (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.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021 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 2021 Annual Report on Form 10-K . Three Months Ended June 30 Six Months Ended June 30 (In millions, except per share information) 2022 2021 2022 2021 Earnings per common share Net income $ 6,247 $ 9,224 $ 13,314 $ 17,274 Preferred stock dividends (315) (260) (782) (750) Net income applicable to common shareholders $ 5,932 $ 8,964 $ 12,532 $ 16,524 Average common shares issued and outstanding 8,121.6 8,620.8 8,129.3 8,660.4 Earnings per common share $ 0.73 $ 1.04 $ 1.54 $ 1.91 Diluted earnings per common share Net income applicable to common shareholders $ 5,932 $ 8,964 $ 12,532 $ 16,524 Add preferred stock dividends due to assumed conversions — 56 — 112 Net income allocated to common shareholders $ 5,932 $ 9,020 $ 12,532 $ 16,636 Average common shares issued and outstanding 8,121.6 8,620.8 8,129.3 8,660.4 Dilutive potential common shares (1) 41.5 114.7 52.9 115.8 Total diluted average common shares issued and outstanding 8,163.1 8,735.5 8,182.2 8,776.2 Diluted earnings per common share $ 0.73 $ 1.03 $ 1.53 $ 1.90 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants. For both the three and six months ended June 30, 2022 , 62 million average dilutive potential common shares associated with the Series L preferred stock were antidilutive, whereas they were included in the diluted share count under the “if-converted” method for the three and six months ended June 30, 2021.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
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 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 six months ended June 30, 2022, 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 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2021 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 June 30, 2022 and December 31, 2021, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. June 30, 2022 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 $ 774 $ — $ — $ — $ 774 Federal funds sold and securities borrowed or purchased under agreements to resell — 154,287 — — 154,287 Trading account assets: U.S. Treasury and government agencies 46,899 287 — — 47,186 Corporate securities, trading loans and other — 45,434 2,367 — 47,801 Equity securities 99,723 31,104 179 — 131,006 Non-U.S. sovereign debt 9,177 25,200 470 — 34,847 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 22,869 96 — 22,965 Mortgage trading loans, ABS and other MBS — 8,932 1,290 — 10,222 Total trading account assets (2) 155,799 133,826 4,402 — 294,027 Derivative assets 21,180 384,582 2,967 (346,682) 62,047 AFS debt securities: U.S. Treasury and government agencies 193,080 975 — — 194,055 Mortgage-backed securities: Agency — 28,725 — — 28,725 Agency-collateralized mortgage obligations — 2,613 — — 2,613 Non-agency residential — 131 299 — 430 Commercial — 12,560 — — 12,560 Non-U.S. securities 1 11,636 199 — 11,836 Other taxable securities — 3,269 1 — 3,270 Tax-exempt securities — 12,713 52 — 12,765 Total AFS debt securities 193,081 72,622 551 — 266,254 Other debt securities carried at fair value: U.S. Treasury and government agencies 190 — — — 190 Non-agency residential MBS — 297 112 — 409 Non-U.S. and other securities 4,051 3,761 — — 7,812 Total other debt securities carried at fair value 4,241 4,058 112 — 8,411 Loans and leases — 5,240 256 — 5,496 Loans held-for-sale — 1,525 345 — 1,870 Other assets (3) 4,980 1,250 1,750 — 7,980 Total assets (4) $ 380,055 $ 757,390 $ 10,383 $ (346,682) $ 801,146 Liabilities Interest-bearing deposits in U.S. offices $ — $ 444 $ — $ — $ 444 Federal funds purchased and securities loaned or sold under agreements to repurchase — 145,165 — — 145,165 Trading account liabilities: U.S. Treasury and government agencies 19,495 326 — — 19,821 Equity securities 37,397 7,430 — — 44,827 Non-U.S. sovereign debt 13,495 10,685 — — 24,180 Corporate securities and other — 8,460 14 — 8,474 Total trading account liabilities 70,387 26,901 14 — 97,302 Derivative liabilities 19,572 365,284 4,649 (351,080) 38,425 Short-term borrowings — 2,931 — — 2,931 Accrued expenses and other liabilities 5,457 1,461 63 — 6,981 Long-term debt — 27,563 812 — 28,375 Total liabilities (4) $ 95,416 $ 569,749 $ 5,538 $ (351,080) $ 319,623 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $11.3 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. Trading account assets also includes certain commodities inventory of $2.0 billion that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $963 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.33 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.19 percent of total consolidated liabilities. December 31, 2021 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 $ 707 $ — $ — $ — $ 707 Federal funds sold and securities borrowed or purchased under agreements to resell — 150,665 — — 150,665 Trading account assets: U.S. Treasury and government agencies 44,599 803 — — 45,402 Corporate securities, trading loans and other — 31,601 2,110 — 33,711 Equity securities 61,425 38,383 190 — 99,998 Non-U.S. sovereign debt 3,822 25,612 396 — 29,830 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 25,645 109 — 25,754 Mortgage trading loans, ABS and other MBS — 10,967 1,418 — 12,385 Total trading account assets (2) 109,846 133,011 4,223 — 247,080 Derivative assets 34,748 310,581 3,133 (313,118) 35,344 AFS debt securities: U.S. Treasury and government agencies 198,071 1,074 — — 199,145 Mortgage-backed securities: Agency — 46,339 — — 46,339 Agency-collateralized mortgage obligations — 3,380 — — 3,380 Non-agency residential — 267 316 — 583 Commercial — 19,604 — — 19,604 Non-U.S. securities — 11,933 — — 11,933 Other taxable securities — 2,690 71 — 2,761 Tax-exempt securities — 15,381 52 — 15,433 Total AFS debt securities 198,071 100,668 439 — 299,178 Other debt securities carried at fair value: U.S. Treasury and government agencies 575 — — — 575 Non-agency residential MBS — 343 242 — 585 Non-U.S. and other securities 2,580 5,155 — — 7,735 Total other debt securities carried at fair value 3,155 5,498 242 — 8,895 Loans and leases — 7,071 748 — 7,819 Loans held-for-sale — 4,138 317 — 4,455 Other assets (3) 7,657 2,915 1,572 — 12,144 Total assets (4) $ 354,184 $ 714,547 $ 10,674 $ (313,118) $ 766,287 Liabilities Interest-bearing deposits in U.S. offices $ — $ 408 $ — $ — $ 408 Federal funds purchased and securities loaned or sold under agreements to repurchase — 139,641 — — 139,641 Trading account liabilities: U.S. Treasury and government agencies 19,826 313 — — 20,139 Equity securities 41,744 6,491 — — 48,235 Non-U.S. sovereign debt 10,400 13,781 — — 24,181 Corporate securities and other — 8,124 11 — 8,135 Total trading account liabilities 71,970 28,709 11 — 100,690 Derivative liabilities 35,282 314,380 5,795 (317,782) 37,675 Short-term borrowings — 4,279 — — 4,279 Accrued expenses and other liabilities 8,359 3,130 — — 11,489 Long-term debt — 28,633 1,075 — 29,708 Total liabilities (4) $ 115,611 $ 519,180 $ 6,881 $ (317,782) $ 323,890 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $10.6 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. Trading account assets also includes certain commodities inventory of $752 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $818 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.34 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 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 and six months ended June 30, 2022 and 2021, 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 April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 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 June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,189 $ (67) $ (1) $ 755 $ (45) $ — $ (99) $ 152 $ (517) $ 2,367 $ (90) Equity securities 183 (9) — 12 (9) — — 18 (16) 179 (7) Non-U.S. sovereign debt 496 (1) (33) 5 (2) — — 5 — 470 — Mortgage trading loans, MBS and ABS 1,615 (86) — 78 (162) — (73) 65 (51) 1,386 (95) Total trading account assets 4,483 (163) (34) 850 (218) — (172) 240 (584) 4,402 (192) Net derivative assets (liabilities) (4) (2,134) 725 — 67 (166) — 237 (36) (375) (1,682) 763 AFS debt securities: Non-agency residential MBS 244 (2) 2 — — — (19) 74 — 299 (2) Non-U.S. and other taxable securities 155 3 (8) 126 — — (9) — (67) 200 — Tax-exempt securities 52 — — — — — — — — 52 — Total AFS debt securities 451 1 (6) 126 — — (28) 74 (67) 551 (2) Other debt securities carried at fair value – Non-agency residential MBS 138 (1) — — — — (8) — (17) 112 (1) Loans and leases (5,6) 690 (11) — — (153) — (21) — (249) 256 (9) Loans held-for-sale (5,6) 382 17 (7) 66 (6) — (115) 8 — 345 13 Other assets (6,7) 1,695 82 (8) — — 45 (64) — — 1,750 61 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) (50) (13) — — — — — — — (63) (13) Long-term debt (5) (877) (13) 46 — 14 (1) 13 — 6 (812) (13) Three Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,516 $ 38 $ — $ 185 $ (110) $ — $ (116) $ 306 $ (55) $ 1,764 $ 16 Equity securities 273 32 — 8 (26) — — 26 (53) 260 23 Non-U.S. sovereign debt 334 20 34 — — — — 26 — 414 20 Mortgage trading loans, MBS and ABS 1,561 (10) — 119 (274) — (28) 188 (58) 1,498 (10) Total trading account assets 3,684 80 34 312 (410) — (144) 546 (166) 3,936 49 Net derivative assets (liabilities) (4) (3,206) 5 — 211 (88) — 36 (83) 241 (2,884) (19) AFS debt securities: Non-agency residential MBS 284 1 3 — — — (8) — (75) 205 — Non-U.S. and other taxable securities 86 (1) 1 — — — (1) — — 85 — Tax-exempt securities 98 3 — — — — — — (50) 51 3 Total AFS debt securities 468 3 4 — — — (9) — (125) 341 3 Other debt securities carried at fair value – Non-agency residential MBS 260 3 — — — — (14) 32 — 281 3 Loans and leases (5,6) 793 34 — — — 60 (46) 16 — 857 34 Loans held-for-sale (5,6) 220 10 11 38 — — (23) 7 — 263 4 Other assets (6,7) 2,090 (153) 4 55 (144) 23 (100) — — 1,775 (117) Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) — Long-term debt (5) (1,028) (67) 15 2 — (2) 19 — 1 (1,060) (66) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $(9) million and $67 million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (69) $ (1) $ 767 $ (198) $ — $ (117) $ 520 $ (645) $ 2,367 $ (53) Equity securities 190 7 — 28 (15) — (4) 26 (53) 179 (11) Non-U.S. sovereign debt 396 19 20 7 (2) — (15) 50 (5) 470 16 Mortgage trading loans, MBS and ABS 1,527 (178) — 207 (317) — (94) 316 (75) 1,386 (124) Total trading account assets 4,223 (221) 19 1,009 (532) — (230) 912 (778) 4,402 (172) Net derivative assets (liabilities) (4) (2,662) 1,342 — 125 (351) — 344 (179) (301) (1,682) 1,238 AFS debt securities: Non-agency residential MBS 316 2 (22) — (8) — (63) 74 — 299 2 Non-U.S. and other taxable securities 71 3 (9) 126 — — (9) 87 (69) 200 3 Tax-exempt securities 52 — — — — — — — — 52 (1) Total AFS debt securities 439 5 (31) 126 (8) — (72) 161 (69) 551 4 Other debt securities carried at fair value – Non-agency residential MBS 242 (40) — — — — (73) — (17) 112 (5) Loans and leases (5,6) 748 (41) — — (154) — (48) — (249) 256 (34) Loans held-for-sale (5,6) 317 24 5 170 (6) — (173) 8 — 345 18 Other assets (6,7) 1,572 226 (5) — 1 85 (133) 4 — 1,750 193 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) — (63) — — — — — — — (63) (64) Long-term debt (5) (1,075) (122) 79 — 14 (1) 17 (6) 282 (812) (125) Six Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ 25 $ — $ 426 $ (257) $ — $ (133) $ 458 $ (114) $ 1,764 $ (5) Equity securities 227 22 — 53 (49) — — 78 (71) 260 14 Non-U.S. sovereign debt 354 20 12 2 — — — 26 — 414 23 Mortgage trading loans, MBS and ABS 1,440 39 — 247 (495) 1 (64) 444 (114) 1,498 16 Total trading account assets 3,380 106 12 728 (801) 1 (197) 1,006 (299) 3,936 48 Net derivative assets (liabilities) (4) (3,468) 291 — 349 (349) — 183 (191) 301 (2,884) 192 AFS debt securities: Non-agency residential MBS 378 (15) (94) — — — (25) 36 (75) 205 (2) Non-U.S. and other taxable securities 89 (1) (5) 8 — — (6) — — 85 — Tax-exempt securities 176 17 — — — — — — (142) 51 16 Total AFS debt securities 643 1 (99) 8 — — (31) 36 (217) 341 14 Other debt securities carried at fair value – Non-agency residential MBS 267 2 — — — — (20) 32 — 281 2 Loans and leases (5,6) 717 104 — — — 70 (80) 46 — 857 111 Loans held-for-sale (5,6) 236 4 3 38 — — (40) 26 (4) 263 (5) Other assets (6,7) 1,970 21 8 55 (145) 64 (205) 7 — 1,775 46 Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) 1 Long-term debt (5) (1,164) (18) 2 2 — (2) 37 (32) 115 (1,060) (34) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $71 million and $(5) million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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 June 30, 2022 and December 31, 2021. Quantitative Information about Level 3 Fair Value Measurements at June 30, 2022 (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 $ 806 Discounted cash flow, Market comparables Yield 0% to 25% 7 % Trading account assets – Mortgage trading loans, MBS and ABS 238 Prepayment speed 0% to 33% CPR 14% CPR Loans and leases 157 Default rate 0% to 3% CDR 1% CDR AFS debt securities – Non-agency residential 299 Price $0 to $120 $28 Other debt securities carried at fair value – Non-agency residential 112 Loss severity 0% to 100% 24 % Instruments backed by commercial real estate assets $ 467 Discounted cash Yield 0% to 25% 6 % Trading account assets – Corporate securities, trading loans and other 377 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 73 Loans held-for-sale 17 Commercial loans, debt securities and other $ 4,214 Discounted cash flow, Market comparables Yield 3% to 145% 16 % Trading account assets – Corporate securities, trading loans and other 1,990 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 470 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,075 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $157 $73 AFS debt securities – Non-U.S. and other taxable securities 200 Loans and leases 99 Loans held-for-sale 328 Other assets, primarily auction rate securities $ 787 Discounted cash flow, Market comparables Price $10 to $95 $93 Discount rate 10 % n/a MSRs $ 963 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 5 years Weighted-average life, variable rate (5) 0 to 12 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (812) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 20% to 145% 22 % Equity correlation 0% to 92% 58 % Price $0 to $100 $71 Natural gas forward price $3/MMBtu to $8/MMBtu $5 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (26) Discounted cash flow, Stochastic recovery correlation model Credit spreads 2 to 176 bps 69 bps Upfront points 0 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 19% to 60% 43 % Price $0 to $151 $58 Equity derivatives $ (1,283) Industry standard derivative pricing (3) Equity correlation 4% to 100% 86 % Long-dated equity volatilities 5% to 91% 45 % Commodity derivatives $ (434) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $3/MMBtu to $8/MMBtu $5 /MMBtu Power forward price $17 to $197 $50 Interest rate derivatives $ 61 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 92% 66 % Correlation (FX/IR) 0% to 58% 45 % Long-dated inflation rates (16)% to 39% 1 % Long-dated inflation volatilities 2% to 5% 3 % Interest rate volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (1,682) (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 86: Trading account assets – Corporate securities, trading loans and other of $2.4 billion, Trading account assets – Non-U.S. sovereign debt of $470 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.4 billion, AFS debt securities of $551 million, Other debt securities carried at fair value - Non-agency residential of $112 million, Other assets, including MSRs, of $1.8 billion, Loans and leases of $256 million and LHFS of $345 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 Quantitative Information about Level 3 Fair Value Measurements at December 31, 2021 (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 $ 1,269 Discounted cash Yield 0% to 25% 6 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 1% to 40% CPR 19% CPR Loans and leases 373 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 316 Price $0 to $168 $92 Other debt securities carried at fair value - Non-agency residential 242 Loss severity 0% to 43% 13 % Instruments backed by commercial real estate assets $ 298 Discounted cash Yield 0% to 25% 4 % Trading account assets – Corporate securities, trading loans and other 138 Price $0 to $101 $57 Trading account assets – Mortgage trading loans, MBS and ABS 77 AFS debt securities – Non-U.S. and other taxable securities 71 Loans held-for-sale 12 Commercial loans, debt securities and other $ 4,212 Discounted cash flow, Market comparables Yield 0% to 19% 10 % Trading account assets – Corporate securities, trading loans and other 1,972 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,112 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $189 $73 Loans and leases 375 Long-dated equity volatilities 45% n/a Loans held-for-sale 305 Other assets, primarily auction rate securities $ 754 Discounted cash flow, Market comparables Price $10 to $96 $91 Discount rate 9% n/a MSRs $ 818 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 10 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (1,075) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 0% to 19% 18 % Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Price $0 to $125 $82 Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ (104) Discounted cash flow, Stochastic recovery correlation model Credit spreads 7 to 155 bps 61 bps Upfront points 16 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 20% to 60% 55 % Price $0 to $120 $53 Equity derivatives $ (1,710) Industry standard derivative pricing (3) Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Commodity derivatives $ (976) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Correlation 65% to 85% 76 % Power forward price $11 to $103 $32 Volatilities 41% to 69% 63 % Interest rate derivatives $ 128 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 90% 54 % Correlation (FX/IR) (1)% to 58% 44 % Long-dated inflation rates G (10)% to 11% 3 % Long-dated inflation volatilities 0% to 2% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,662) (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 87: Trading account assets – Corporate securities, trading loans and other of $2.1 billion, Trading account assets – Non-U.S. sovereign debt of $396 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.5 billion, AFS debt securities of $439 million, Other debt securities carried at fair value - Non-agency residential of $242 million, Other assets, including MSRs, of $1.6 billion, Loans and leases of $748 million and LHFS of $317 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 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2021 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 and six months ended June 30, 2022 and 2021. Assets Measured at Fair Value on a Nonrecurring Basis June 30, 2022 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 749 $ 403 $ (31) $ (32) Loans and leases (1) — 124 (21) (33) Foreclosed properties (2, 3) — 3 (2) (1) Other assets 85 48 (23) (41) June 30, 2021 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Assets Loans held-for-sale $ 1,105 $ 52 $ 9 $ 9 Loans and leases (1) — 142 (24) (37) Foreclosed properties (2, 3) — 3 — (1) Other assets 322 2,172 (67) (470) (1) Includes $8 million and $12 million of losses on loans that were written down to a collateral value of zero during the three and six months ended June 30, 2022 compared to losses of $15 million and $18 million for the same periods in 2021. (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 $71 million and $66 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at June 30, 2022 and 2021. The table below presents information about significant unobservable inputs utilized in the Corporation's nonrecurring Level 3 fair value measurements during the six months ended June 30, 2022 and the year ended December 31, 2021. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Significant Unobservable Ranges of Weighted Average (1) (Dollars in millions) Six Months Ended June 30, 2022 Loans held-for-sale $ 403 Market comparables Price $85 to $100 $91 Loans and leases (2) 124 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 48 Discounted cash flow Discount rate 7 % n/a Year Ended December 31, 2021 Loans and leases (2) $ 213 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % Other assets (4) 1,875 Discounted cash flow Discount rate 7% n/a 166 Market comparables Estimated appraisal value n/a n/a (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) Represents the fair value of certain impaired renewable energy investments. (4) Represents the fair value of certain impaired renewable energy investments and impaired assets related to the Corporation’s real estate rationalization. n/a = not applicable

Fair Value Option

Fair Value Option	6 Months Ended
	Jun. 30, 2022
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 21 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. The following tables provide Fair Value Option Elections June 30, 2022 December 31, 2021 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 154,287 $ 154,412 $ (125) $ 150,665 $ 150,677 $ (12) Loans reported as trading account assets (1) 11,234 19,087 (7,853) 10,864 18,895 (8,031) Trading inventory – other 18,638 n/a n/a 21,986 n/a n/a Consumer and commercial loans 5,496 5,670 (174) 7,819 7,888 (69) Loans held-for-sale (1) 1,870 2,876 (1,006) 4,455 5,343 (888) Other assets 583 n/a n/a 544 n/a n/a Long-term deposits 444 486 (42) 408 401 7 Federal funds purchased and securities loaned or sold under agreements to repurchase 145,165 145,296 (131) 139,641 139,682 (41) Short-term borrowings 2,931 3,196 (265) 4,279 4,127 152 Unfunded loan commitments 220 n/a n/a 97 n/a n/a Long-term debt 28,375 32,954 (4,579) 29,708 30,903 (1,195) (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. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 2022 2021 (Dollars in millions) Market making Other Total Market making Other Total Loans reported as trading account assets $ (153) $ — $ (153) $ 171 $ — $ 171 Trading inventory – other (1) (2,588) — (2,588) 2,304 — 2,304 Consumer and commercial loans (48) (65) (113) 43 26 69 Loans held-for-sale (2) — (90) (90) — 23 23 Short-term borrowings 3 — 3 61 — 61 Unfunded loan commitments — (81) (81) — (11) (11) Long-term debt (3) 2,363 (9) 2,354 (1,047) (8) (1,055) Other (4) (1) 7 6 (1) (46) (47) Total (5) $ (424) $ (238) $ (662) $ 1,531 $ (16) $ 1,515 Six Months Ended June 30 2022 2021 Loans reported as trading account assets $ (149) $ — $ (149) $ 283 $ — $ 283 Trading inventory – other (1) (2,128) — (2,128) 1,574 — 1,574 Consumer and commercial loans (70) (78) (148) 114 45 159 Loans held-for-sale (2) — (222) (222) — 11 11 Short-term borrowings 562 — 562 474 — 474 Unfunded loan commitments — (88) (88) — (6) (6) Long-term debt (3) 3,487 (20) 3,467 (661) (24) (685) Other (4) (6) 24 18 11 (24) (13) Total (5) $ 1,696 $ (384) $ 1,312 $ 1,795 $ 2 $ 1,797 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) 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 12 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K . (4) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2022
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, unfunded lending commitments and other financial instruments are accounted for under the fair value option. For more information, see Note 21 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2021 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 June 30, 2022 and December 31, 2021 are presented in the following table. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) June 30, 2022 Financial assets Loans $ 999,851 $ 50,836 $ 938,695 $ 989,531 Loans held-for-sale 6,654 3,977 2,856 6,833 Financial liabilities Deposits (1) 1,984,349 1,984,126 — 1,984,126 Long-term debt 275,697 270,794 1,044 271,838 Commercial unfunded lending commitments (2) 1,682 157 8,811 8,968 December 31, 2021 Financial assets Loans $ 946,142 $ 53,544 $ 919,980 $ 973,524 Loans held-for-sale 15,635 15,016 627 15,643 Financial liabilities Deposits (1) 2,064,446 2,064,438 — 2,064,438 Long-term debt 280,117 286,802 1,288 288,090 Commercial unfunded lending commitments (2) 1,554 97 6,384 6,481 (1) Includes demand deposits of $947.5 billion and $1.0 trillion with no stated maturities at June 30, 2022 and December 31, 2021. (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	6 Months Ended
	Jun. 30, 2022
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 23 – Business Segment Information to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. The following tables present net income 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 and six months ended June 30, 2022 and 2021, and total assets at June 30, 2022 and 2021 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the three months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2022 2021 2022 2021 2022 2021 Net interest income $ 12,547 $ 10,343 $ 7,087 $ 5,973 $ 1,802 $ 1,355 Noninterest income 10,244 11,233 2,049 2,213 3,631 3,710 Total revenue, net of interest expense 22,791 21,576 9,136 8,186 5,433 5,065 Provision for credit losses 523 (1,621) 350 (697) 33 (62) Noninterest expense 15,273 15,045 4,959 4,859 3,875 3,813 Income before income taxes 6,995 8,152 3,827 4,024 1,525 1,314 Income tax expense 748 (1,072) 938 986 374 322 Net income $ 6,247 $ 9,224 $ 2,889 $ 3,038 $ 1,151 $ 992 Period-end total assets $ 3,111,606 $ 3,029,894 $ 1,154,366 $ 1,063,650 $ 393,948 $ 378,220 Global Banking Global Markets All Other 2022 2021 2022 2021 2022 2021 Net interest income $ 2,634 $ 1,984 $ 981 $ 990 $ 43 $ 41 Noninterest income 2,372 3,106 3,521 3,730 (1,329) (1,526) Total revenue, net of interest expense 5,006 5,090 4,502 4,720 (1,286) (1,485) Provision for credit losses 157 (831) 8 22 (25) (53) Noninterest expense 2,799 2,599 3,109 3,471 531 303 Income before income taxes 2,050 3,322 1,385 1,227 (1,792) (1,735) Income tax expense 543 897 367 319 (1,474) (3,596) Net income $ 1,507 $ 2,425 $ 1,018 $ 908 $ (318) $ 1,861 Period-end total assets $ 591,490 $ 607,969 $ 835,129 $ 773,714 $ 136,673 $ 206,341 (1) There were no material intersegment revenues. Results of Business Segments and All Other At and for the six months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2022 2021 2022 2021 2022 2021 Net interest income $ 24,225 $ 20,651 $ 13,767 $ 11,893 $ 3,470 $ 2,685 Noninterest income 21,900 23,857 4,182 4,362 7,439 7,351 Total revenue, net of interest expense 46,125 44,508 17,949 16,255 10,909 10,036 Provision for credit losses 553 (3,481) 298 (1,314) (8) (127) Noninterest expense 30,592 30,560 9,880 9,990 7,890 7,682 Income before income taxes 14,980 17,429 7,771 7,579 3,027 2,481 Income tax expense 1,666 155 1,904 1,857 742 608 Net income $ 13,314 $ 17,274 $ 5,867 $ 5,722 $ 2,285 $ 1,873 Period-end total assets $ 3,111,606 $ 3,029,894 $ 1,154,366 $ 1,063,650 $ 393,948 $ 378,220 Global Banking Global Markets All Other 2022 2021 2022 2021 2022 2021 Net interest income $ 4,978 $ 3,964 $ 1,974 $ 1,981 $ 36 $ 128 Noninterest income 5,222 5,758 7,820 8,937 (2,763) (2,551) Total revenue, net of interest expense 10,200 9,722 9,794 10,918 (2,727) (2,423) Provision for credit losses 322 (1,957) 13 17 (72) (100) Noninterest expense 5,482 5,380 6,226 6,898 1,114 610 Income before income taxes 4,396 6,299 3,555 4,003 (3,769) (2,933) Income tax expense 1,165 1,701 942 1,041 (3,087) (5,052) Net income $ 3,231 $ 4,598 $ 2,613 $ 2,962 $ (682) $ 2,119 Period-end total assets $ 591,490 $ 607,969 $ 835,129 $ 773,714 $ 136,673 $ 206,341 (1) There were no material intersegment revenues. The tables below present noninterest income and the associated components for the three and six months ended June 30, 2022 and 2021 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 & Three Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 1,072 $ 1,210 $ 853 $ 945 $ 4 $ 12 Other card income 483 376 467 367 13 9 Total card income 1,555 1,586 1,320 1,312 17 21 Service charges Deposit-related fees 1,417 1,557 679 851 $ 19 18 Lending-related fees 300 317 — — — — Total service charges 1,717 1,874 679 851 19 18 Investment and brokerage services Asset management fees 3,102 3,156 50 45 3,056 3,109 Brokerage fees 989 967 26 33 430 427 Total investment and brokerage services 4,091 4,123 76 78 3,486 3,536 Investment banking fees Underwriting income 435 1,314 — — 41 88 Syndication fees 301 401 — — — — Financial advisory services 392 407 — — — — Total investment banking fees 1,128 2,122 — — 41 88 Total fees and commissions 8,491 9,705 2,075 2,241 3,563 3,663 Market making and similar activities 2,717 1,826 2 — 23 11 Other income (loss) (964) (298) (28) (28) 45 36 Total noninterest income $ 10,244 $ 11,233 $ 2,049 $ 2,213 $ 3,631 $ 3,710 Global Banking Global Markets All Other (1) Three Months Ended June 30 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 194 $ 178 $ 17 $ 73 $ 4 $ 2 Other card income 2 2 — — 1 (2) Total card income $ 196 180 17 73 5 — Service charges Deposit-related fees 688 641 28 45 3 2 Lending-related fees 245 259 55 58 — — Total service charges 933 900 83 103 3 2 Investment and brokerage services Asset management fees — — — — (4) 2 Brokerage fees 13 40 518 474 2 (7) Total investment and brokerage services 13 40 518 474 (2) (5) Investment banking fees Underwriting income 179 587 282 737 (67) (98) Syndication fees 152 210 149 191 — — Financial advisory services 361 376 30 31 1 — Total investment banking fees 692 1,173 461 959 (66) (98) Total fees and commissions 1,834 2,293 1,079 1,609 (60) (101) Market making and similar activities 80 28 2,657 1,964 (45) (177) Other income (loss) 458 785 (215) 157 (1,224) (1,248) Total noninterest income $ 2,372 $ 3,106 $ 3,521 $ 3,730 $ (1,329) $ (1,526) (1) All Other includes eliminations of intercompany transactions. Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 2,007 $ 2,277 $ 1,596 $ 1,781 $ 11 $ 22 Other card income 951 744 909 720 24 18 Total card income 2,958 3,021 2,505 2,501 35 40 Service charges Deposit-related fees 2,947 3,052 1,523 1,682 38 36 Lending-related fees 603 614 — — — — Total service charges 3,550 3,666 1,523 1,682 38 36 Investment and brokerage services Asset management fees 6,388 6,158 102 87 6,290 6,071 Brokerage fees 1,995 2,028 57 68 850 857 Total investment and brokerage services 8,383 8,186 159 155 7,140 6,928 Investment banking fees Underwriting income 1,107 2,860 — — 107 223 Syndication fees 613 701 — — — — Financial advisory services 865 807 — — — — Total investment banking fees 2,585 4,368 — — 107 223 Total fees and commissions 17,476 19,241 4,187 4,338 7,320 7,227 Market making and similar activities 5,955 5,355 2 — 36 22 Other income (loss) (1,531) (739) (7) 24 83 102 Total noninterest income $ 21,900 $ 23,857 $ 4,182 $ 4,362 $ 7,439 $ 7,351 Global Banking Global Markets All Other (1) Six Months Ended June 30 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 369 $ 324 $ 31 $ 150 $ — $ — Other card income 3 6 — — 15 — Total card income 372 330 31 150 15 — Service charges Deposit-related fees 1,325 1,243 56 87 5 4 Lending-related fees 494 504 109 110 — — Total service charges 1,819 1,747 165 197 5 4 Investment and brokerage services Asset management fees — — — — (4) — Brokerage fees 25 81 1,063 1,033 — (11) Total investment and brokerage services 25 81 1,063 1,033 (4) (11) Investment banking fees Underwriting income 454 1,241 684 1,536 (138) (140) Syndication fees 318 371 295 330 — — Financial advisory services 800 733 64 74 1 — Total investment banking fees 1,572 2,345 1,043 1,940 (137) (140) Total fees and commissions 3,788 4,503 2,302 3,320 (121) (147) Market making and similar activities 129 59 5,847 5,434 (59) (160) Other income (loss) 1,305 1,196 (329) 183 (2,583) (2,244) Total noninterest income $ 5,222 $ 5,758 $ 7,820 $ 8,937 $ (2,763) $ (2,551) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Segments’ total revenue, net of interest expense $ 24,077 $ 23,061 $ 48,852 $ 46,931 Adjustments (1) : Asset and liability management activities (65) (154) (132) (44) Liquidating businesses, eliminations and other (1,221) (1,331) (2,595) (2,379) FTE basis adjustment (103) (110) (209) (221) Consolidated revenue, net of interest expense $ 22,688 $ 21,466 $ 45,916 $ 44,287 Segments’ total net income 6,565 7,363 13,996 15,155 Adjustments, net-of-tax (1) : Asset and liability management activities (24) (113) (82) (30) Liquidating businesses, eliminations and other (294) 1,974 (600) 2,149 Consolidated net income $ 6,247 $ 9,224 $ 13,314 $ 17,274 June 30 2022 2021 Segments’ total assets $ 2,974,933 $ 2,823,553 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,179,629 1,250,633 Elimination of segment asset allocations to match liabilities (1,106,832) (1,111,500) Other 63,876 67,208 Consolidated total assets $ 3,111,606 $ 3,029,894 (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 (Policies)	6 Months Ended
	Jun. 30, 2022
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, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded 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. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, and related notes thereto, of the Corporation’s 2021 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 (SEC). Certain prior-period amounts have been reclassified to conform to current-period presentation.
Hedge Accounting	Hedge Accounting The FASB issued a new accounting standard effective on January 1, 2023, with early adoption permitted, that makes targeted improvements to the application of the fair value hedge accounting guidance for closed portfolios of financial assets. Upon adoption, the application of these hedge strategies would be applied prospectively.
Financial Instruments - Credit Losses	Financial Instruments – Credit Losses The FASB amended the accounting and disclosure requirements for expected credit losses by removing the recognition and measurement guidance on troubled debt restructurings (TDRs) and enhancing certain disclosures. The amendments are effective on January 1, 2023 with early adoption permitted. The effects of these changes on the Corporation’s financial statements are not expected to have a material impact on its consolidated financial position, results of operations or disclosures in the Notes to the Consolidated Financial Statements.

Net Interest Income and Nonin_2

Net Interest Income and Noninterest Income (Tables)	6 Months Ended
	Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 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 June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Net interest income Interest income Loans and leases $ 8,222 $ 7,123 $ 15,574 $ 14,357 Debt securities 4,049 2,820 7,872 5,550 Federal funds sold and securities borrowed or purchased under agreements to resell (1) 396 (42) 389 (49) Trading account assets 1,223 954 2,304 1,826 Other interest income 1,085 532 1,730 1,098 Total interest income 14,975 11,387 27,869 22,782 Interest expense Deposits 320 128 484 261 Short-term borrowings (1) 553 (85) 441 (164) Trading account liabilities 370 293 734 539 Long-term debt 1,288 818 2,194 1,716 Total interest expense 2,531 1,154 3,853 2,352 Net interest income $ 12,444 $ 10,233 $ 24,016 $ 20,430 Noninterest income Fees and commissions Card income Interchange fees (2) $ 1,072 $ 1,210 $ 2,007 $ 2,277 Other card income 483 376 951 744 Total card income 1,555 1,586 2,958 3,021 Service charges Deposit-related fees 1,417 1,557 2,947 3,052 Lending-related fees 300 317 603 614 Total service charges 1,717 1,874 3,550 3,666 Investment and brokerage services Asset management fees 3,102 3,156 6,388 6,158 Brokerage fees 989 967 1,995 2,028 Total investment and brokerage services 4,091 4,123 8,383 8,186 Investment banking fees Underwriting income 435 1,314 1,107 2,860 Syndication fees 301 401 613 701 Financial advisory services 392 407 865 807 Total investment banking fees 1,128 2,122 2,585 4,368 Total fees and commissions 8,491 9,705 17,476 19,241 Market making and similar activities 2,717 1,826 5,955 5,355 Other income (loss) (964) (298) (1,531) (739) Total noninterest income $ 10,244 $ 11,233 $ 21,900 $ 23,857 (1) For more information on negative interest, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K.

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative [Line Items]
Schedule of Derivative Instruments	The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at June 30, 2022 and December 31, 2021. 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. June 30, 2022 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 23,920.0 $ 126.3 $ 13.8 $ 140.1 $ 116.2 $ 23.5 $ 139.7 Futures and forwards 3,740.5 6.5 — 6.5 5.5 — 5.5 Written options 1,701.3 — — — 37.1 — 37.1 Purchased options 1,597.6 39.6 — 39.6 — — — Foreign exchange contracts Swaps 1,449.7 41.3 0.4 41.7 40.4 0.3 40.7 Spot, futures and forwards 4,590.5 65.2 0.7 65.9 66.3 — 66.3 Written options 440.4 — — — 8.4 — 8.4 Purchased options 405.4 9.1 — 9.1 — — — Equity contracts Swaps 381.6 18.5 — 18.5 15.5 — 15.5 Futures and forwards 102.9 4.1 — 4.1 1.1 — 1.1 Written options 774.1 — — — 49.0 — 49.0 Purchased options 693.1 53.0 — 53.0 — — — Commodity contracts Swaps 61.3 8.8 — 8.8 7.9 — 7.9 Futures and forwards 166.7 3.5 — 3.5 3.1 0.3 3.4 Written options 69.6 — — — 5.1 — 5.1 Purchased options 57.5 6.2 — 6.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 354.1 5.8 — 5.8 1.6 — 1.6 Total return swaps/options 101.9 1.0 — 1.0 2.4 — 2.4 Written credit derivatives: Credit default swaps 340.2 1.3 — 1.3 4.6 — 4.6 Total return swaps/options 112.1 3.6 — 3.6 1.2 — 1.2 Gross derivative assets/liabilities $ 393.8 $ 14.9 $ 408.7 $ 365.4 $ 24.1 $ 389.5 Less: Legally enforceable master netting agreements (310.9) (310.9) Less: Cash collateral received/paid (35.8) (40.2) Total derivative assets/liabilities $ 62.0 $ 38.4 (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 $(3.2) billion and $320.5 billion at June 30, 2022. December 31, 2021 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,068.1 $ 150.5 $ 8.9 $ 159.4 $ 156.4 $ 4.4 $ 160.8 Futures and forwards 2,243.2 1.1 — 1.1 1.0 — 1.0 Written options 1,616.1 — — — 28.8 — 28.8 Purchased options 1,673.6 33.1 — 33.1 — — — Foreign exchange contracts Swaps 1,420.9 28.6 0.2 28.8 30.5 0.2 30.7 Spot, futures and forwards 4,087.2 37.1 0.3 37.4 37.7 0.2 37.9 Written options 287.2 — — — 4.1 — 4.1 Purchased options 267.6 4.1 — 4.1 — — — Equity contracts Swaps 443.8 12.3 — 12.3 14.5 — 14.5 Futures and forwards 113.3 0.5 — 0.5 1.7 — 1.7 Written options 737.7 — — — 58.5 — 58.5 Purchased options 657.0 55.9 — 55.9 — — — Commodity contracts Swaps 47.7 3.1 — 3.1 6.0 — 6.0 Futures and forwards 101.5 2.3 — 2.3 0.3 1.1 1.4 Written options 44.4 — — — 2.6 — 2.6 Purchased options 38.3 3.2 — 3.2 — — — Credit derivatives (2) Purchased credit derivatives: Credit default swaps 297.0 1.9 — 1.9 4.3 — 4.3 Total return swaps/options 85.3 0.2 — 0.2 1.1 — 1.1 Written credit derivatives: Credit default swaps 279.8 4.2 — 4.2 1.6 — 1.6 Total return swaps/options 85.3 0.9 — 0.9 0.5 — 0.5 Gross derivative assets/liabilities $ 339.0 $ 9.4 $ 348.4 $ 349.6 $ 5.9 $ 355.5 Less: Legally enforceable master netting agreements (282.3) (282.3) Less: Cash collateral received/paid (30.8) (35.5) Total derivative assets/liabilities $ 35.3 $ 37.7 (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 $2.3 billion and $258.4 billion at December 31, 2021.
Gains and Losses on Derivatives Designated as Fair Value Hedges	The table below summarizes information related to fair value hedges for the three and six months ended June 30, 2022 and 2021. Gains and Losses on Derivatives Designated as Fair Value Hedges Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (7,989) $ 7,974 $ 3,484 $ (3,454) Interest rate and foreign currency risk on long-term debt (2) (51) 51 5 (5) Interest rate risk on available-for-sale securities (3) 5,550 (5,600) (1,863) 1,825 Total $ (2,490) $ 2,425 $ 1,626 $ (1,634) ` Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (19,023) $ 19,193 $ (4,579) $ 4,548 Interest rate and foreign currency risk on long-term debt (2) (60) 59 (23) 21 Interest rate risk on available-for-sale securities (3) 15,135 (15,268) 3,378 (3,325) Total $ (3,948) $ 3,984 $ (1,224) $ 1,244 (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For the three and six months ended June 30, 2022, the derivative amount includes gains (losses) of $(13) million and $(34) million in interest expense, $(39) million and $(25) million in market making and similar activities, and $1 million and $(1) million in accumulated other comprehensive income (OCI). For the same periods in 2021, the derivative amount includes gains (losses) of $(17) million and $(51) million in interest expense, $23 million and $31 million in market making and similar activities, and $(1) million and $(3) 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 and Liabilities June 30, 2022 December 31, 2021 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ 183,885 $ (14,071) $ 181,745 $ 3,987 Available-for-sale debt securities (2, 3, 4) 210,017 (12,317) 209,038 (2,294) Trading account assets (5) 10,326 5 2,067 32 (1) Increase (decrease) to carrying value. (2) At June 30, 2022 and December 31, 2021, the cumulative fair value adjustments remaining on long-term debt and available-for-sale debt securities from discontinued hedging relationships resulted in an increase in the related liability of $431 million and $1.5 billion and a decrease in the related asset of $5.6 billion and $1.0 billion, which are being amortized over the remaining contractual life of the de-designated hedged items. (3) These amounts include the amortized cost of the prepayable financial assets used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship (i.e. last-of-layer hedging relationship). At June 30, 2022 and December 31, 2021, the amortized cost of the closed portfolios used in these hedging relationships was $25.8 billion and $21.1 billion, of which $10.9 billion and $6.9 billion was designated in the last-of-layer hedging relationship. At June 30, 2022 and December 31, 2021 the cumulative adjustment associated with these hedging relationships was a decrease of $114 million and $172 million. (4) Carrying value represents amortized cost. (5) Represents hedging activities related to certain commodities inventory.
Cash Flow and Net Investment Hedges	The table below summarizes certain information related to cash flow hedges and net investment hedges for the three and six months ended June 30, 2022 and 2021. Of the $9.1 billion after-tax net loss ($12.1 billion pretax) on derivatives in accumulated OCI at June 30, 2022, losses of $2.5 billion after-tax ($3.3 billion pretax) related to both open and terminated cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease 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 14 years. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) (Dollars in millions, amounts pretax) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Cash flow hedges Interest rate risk on variable-rate assets (1) $ (2,624) $ (73) $ (9,398) $ (81) Price risk on forecasted MBS purchases (1) (39) 10 (129) 13 Price risk on certain compensation plans (2) (67) 7 (94) 19 Total $ (2,730) $ (56) $ (9,621) $ (49) Net investment hedges Foreign exchange risk (3) $ 1,579 $ — $ 1,798 $ — Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Cash flow hedges Interest rate risk on variable-rate assets (1) $ 481 $ 36 $ (576) $ 73 Price risk on forecasted MBS purchases (1) 92 6 (301) 15 Price risk on certain compensation plans (2) 35 14 59 26 Total $ 608 $ 56 $ (818) $ 114 Net investment hedges Foreign exchange risk (3) $ (224) $ — $ 503 $ — (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 and six months ended June 30, 2022, amounts excluded from effectiveness testing and recognized in market making and similar activities were losses of $73 million and $147 million. For the same periods in 2021 amounts excluded from effectiveness testing and recognized in other income were losses of $48 million and $50 million.
Other Risk Management Derivatives	The table below presents gains (losses) on these derivatives for the three and six months ended June 30, 2022 and 2021. 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 June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Interest rate risk on mortgage activities (1, 2) $ (110) $ 112 $ (257) $ (59) Credit risk on loans (2) 16 (14) 13 (31) Interest rate and foreign currency risk on asset and liability management activities (3) 4,303 (318) 5,613 943 Price risk on certain compensation plans (4) (756) 318 (1,091) 598 (1) Includes hedges of interest rate risk on mortgage servicing rights and interest rate lock commitments to originate mortgage loans that will be held for sale. (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	The table below, 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 and six months ended June 30, 2022 and 2021. 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 Other (1) Total Market making and similar activities Net Interest Other (1) Total (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Interest rate risk $ 491 $ 497 $ 82 $ 1,070 $ 1,080 $ 949 $ 151 $ 2,180 Foreign exchange risk 503 (9) 2 496 1,010 (26) 3 987 Equity risk 1,378 (235) 487 1,630 2,942 (295) 988 3,635 Credit risk 71 539 46 656 310 1,015 60 1,385 Other risk (2) 213 (42) 28 199 504 (75) 61 490 Total sales and trading revenue $ 2,656 $ 750 $ 645 $ 4,051 $ 5,846 $ 1,568 $ 1,263 $ 8,677 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Interest rate risk $ 44 $ 463 $ 40 $ 547 $ 416 $ 926 $ 97 $ 1,439 Foreign exchange risk 330 (22) 2 310 736 (40) 6 702 Equity risk 1,178 (1) 442 1,619 2,460 35 957 3,452 Credit risk 435 424 175 1,034 1,237 787 289 2,313 Other risk (2) (24) (10) 26 (8) 584 (28) 45 601 Total sales and trading revenue $ 1,963 $ 854 $ 685 $ 3,502 $ 5,433 $ 1,680 $ 1,394 $ 8,507 (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 $504 million and $1.0 billion for the three and six months ended June 30, 2022 compared to $462 million and $1.0 billion for the same periods in 2021. (2) Includes commodity risk.
Disclosure of Credit Derivatives	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at June 30, 2022 and December 31, 2021 are summarized in the table below. Credit Derivative Instruments Less than One to Three to Over Five Total June 30, 2022 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 12 $ 117 $ 495 $ 166 $ 790 Non-investment grade 252 924 1,732 902 3,810 Total 264 1,041 2,227 1,068 4,600 Total return swaps/options: Investment grade 215 354 — — 569 Non-investment grade 571 3 60 5 639 Total 786 357 60 5 1,208 Total credit derivatives $ 1,050 $ 1,398 $ 2,287 $ 1,073 $ 5,808 Credit-related notes: Investment grade $ — $ — $ — $ 572 $ 572 Non-investment grade — 3 6 1,048 1,057 Total credit-related notes $ — $ 3 $ 6 $ 1,620 $ 1,629 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,468 $ 66,032 $ 113,893 $ 17,731 $ 232,124 Non-investment grade 16,213 30,548 53,539 7,776 108,076 Total 50,681 96,580 167,432 25,507 340,200 Total return swaps/options: Investment grade 62,511 10,007 — — 72,518 Non-investment grade 36,814 639 1,441 736 39,630 Total 99,325 10,646 1,441 736 112,148 Total credit derivatives $ 150,006 $ 107,226 $ 168,873 $ 26,243 $ 452,348 December 31, 2021 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 79 $ 49 $ 133 Non-investment grade 34 250 453 769 1,506 Total 34 255 532 818 1,639 Total return swaps/options: Investment grade 35 388 — — 423 Non-investment grade 105 — 16 — 121 Total 140 388 16 — 544 Total credit derivatives $ 174 $ 643 $ 548 $ 818 $ 2,183 Credit-related notes: Investment grade $ — $ — $ 36 $ 412 $ 448 Non-investment grade 5 — 9 1,334 1,348 Total credit-related notes $ 5 $ — $ 45 $ 1,746 $ 1,796 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,503 $ 66,334 $ 73,444 $ 17,844 $ 192,125 Non-investment grade 16,119 29,233 34,356 7,961 87,669 Total 50,622 95,567 107,800 25,805 279,794 Total return swaps/options: Investment grade 49,626 11,494 78 — 61,198 Non-investment grade 22,621 717 642 73 24,053 Total 72,247 12,211 720 73 85,251 Total credit derivatives $ 122,869 $ 107,778 $ 108,520 $ 25,878 $ 365,045
Additional Collateral Required to be Posted Upon Downgrade	The table below presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2022 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. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 566 $ 1,030 Bank of America, N.A. and subsidiaries (1) 184 754 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 14 $ 778 Collateral posted 5 528 (1) Included in Bank of America Corporation collateral requirements in this table.
Derivative Liability Subject to Unilateral Termination Upon Downgrade	The table below presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2022 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. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 566 $ 1,030 Bank of America, N.A. and subsidiaries (1) 184 754 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 14 $ 778 Collateral posted 5 528 (1) Included in Bank of America Corporation collateral requirements in this table.
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 and six months ended June 30, 2022 and 2021. For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended June 30 (Dollars in millions) 2022 2021 Derivative assets (CVA) $ (114) $ 3 Derivative assets/liabilities (FVA) 45 (33) Derivative liabilities (DVA) 220 (31) Six Months Ended June 30 (Dollars in millions) 2022 2021 Derivative assets (CVA) $ (173) $ 158 Derivative assets/liabilities (FVA) 80 15 Derivative liabilities (DVA) 341 (8) (1) At June 30, 2022 and December 31, 2021, cumulative CVA reduced the derivative assets balance by $611 million and $438 million, cumulative FVA reduced the net derivative balance by $99 million and $179 million, and cumulative DVA reduced the derivative liabilities balance by $653 million and $312 million.
Derivative
Derivative [Line Items]
Offsetting Assets	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at June 30, 2022 and December 31, 2021 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 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 140.6 $ 135.0 $ 171.3 $ 166.3 Exchange-traded 0.6 0.1 0.2 — Over-the-counter cleared 45.9 45.5 22.6 22.5 Foreign exchange contracts Over-the-counter 112.5 112.4 67.9 70.5 Over-the-counter cleared 1.6 1.4 1.1 1.1 Equity contracts Over-the-counter 31.0 25.8 29.2 32.9 Exchange-traded 43.9 38.4 38.3 38.4 Commodity contracts Over-the-counter 14.1 12.8 6.1 7.6 Exchange-traded 3.2 2.8 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 10.7 8.9 5.2 5.3 Over-the-counter cleared 0.8 0.9 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 308.9 294.9 279.7 282.6 Exchange-traded 47.7 41.3 39.9 39.7 Over-the-counter cleared 48.6 48.1 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (259.5) (263.7) (250.3) (254.6) Exchange-traded (39.7) (39.7) (37.8) (37.8) Over-the-counter cleared (47.5) (47.7) (25.0) (25.4) Derivative assets/liabilities, after netting 58.5 33.2 32.1 30.0 Other gross derivative assets/liabilities (2) 3.5 5.2 3.2 7.7 Total derivative assets/liabilities 62.0 38.4 35.3 37.7 Less: Financial instruments collateral (3) (22.3) (6.4) (11.8) (10.6) Total net derivative assets/liabilities $ 39.7 $ 32.0 $ 23.5 $ 27.1 (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 June 30, 2022 and December 31, 2021 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 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 140.6 $ 135.0 $ 171.3 $ 166.3 Exchange-traded 0.6 0.1 0.2 — Over-the-counter cleared 45.9 45.5 22.6 22.5 Foreign exchange contracts Over-the-counter 112.5 112.4 67.9 70.5 Over-the-counter cleared 1.6 1.4 1.1 1.1 Equity contracts Over-the-counter 31.0 25.8 29.2 32.9 Exchange-traded 43.9 38.4 38.3 38.4 Commodity contracts Over-the-counter 14.1 12.8 6.1 7.6 Exchange-traded 3.2 2.8 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 10.7 8.9 5.2 5.3 Over-the-counter cleared 0.8 0.9 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 308.9 294.9 279.7 282.6 Exchange-traded 47.7 41.3 39.9 39.7 Over-the-counter cleared 48.6 48.1 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (259.5) (263.7) (250.3) (254.6) Exchange-traded (39.7) (39.7) (37.8) (37.8) Over-the-counter cleared (47.5) (47.7) (25.0) (25.4) Derivative assets/liabilities, after netting 58.5 33.2 32.1 30.0 Other gross derivative assets/liabilities (2) 3.5 5.2 3.2 7.7 Total derivative assets/liabilities 62.0 38.4 35.3 37.7 Less: Financial instruments collateral (3) (22.3) (6.4) (11.8) (10.6) Total net derivative assets/liabilities $ 39.7 $ 32.0 $ 23.5 $ 27.1 (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)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The table below presents the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale (AFS) debt securities, other debt securities carried at fair value and held-to-maturity (HTM) debt securities at June 30, 2022 and December 31, 2021. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) June 30, 2022 December 31, 2021 Available-for-sale debt securities Mortgage-backed securities: Agency $ 29,999 $ 46 $ (1,320) $ 28,725 $ 45,268 $ 1,257 $ (186) $ 46,339 Agency-collateralized mortgage obligations 2,741 4 (132) 2,613 3,331 74 (25) 3,380 Commercial 13,038 130 (608) 12,560 19,036 647 (79) 19,604 Non-agency residential (1) 477 16 (63) 430 591 25 (33) 583 Total mortgage-backed securities 46,255 196 (2,123) 44,328 68,226 2,003 (323) 69,906 U.S. Treasury and government agencies 195,527 540 (2,012) 194,055 197,853 1,610 (318) 199,145 Non-U.S. securities 11,879 — (43) 11,836 11,933 — — 11,933 Other taxable securities 3,318 6 (54) 3,270 2,725 39 (3) 2,761 Tax-exempt securities 12,976 44 (255) 12,765 15,155 317 (39) 15,433 Total available-for-sale debt securities 269,955 786 (4,487) 266,254 295,892 3,969 (683) 299,178 Other debt securities carried at fair value (2) 8,645 41 (275) 8,411 8,873 105 (83) 8,895 Total debt securities carried at fair value 278,600 827 (4,762) 274,665 304,765 4,074 (766) 308,073 Held-to-maturity debt securities Agency mortgage-backed securities 528,297 21 (67,193) 461,125 553,721 3,855 (10,366) 547,210 U.S. Treasury and government agencies 121,574 — (14,896) 106,678 111,859 254 (2,395) 109,718 Other taxable securities 8,413 1 (675) 7,739 9,011 147 (196) 8,962 Total held-to-maturity debt securities 658,284 22 (82,764) 575,542 674,591 4,256 (12,957) 665,890 Total debt securities (3,4) $ 936,884 $ 849 $ (87,526) $ 850,207 $ 979,356 $ 8,330 $ (13,723) $ 973,963 (1) At June 30, 2022 and December 31, 2021, the underlying collateral type included approximately 17 percent and 21 percent prime and 83 percent and 79 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 14 – Fair Value Measurements . (3) Includes securities pledged as collateral of $97.0 billion and $111.9 billion at June 30, 2022 and December 31, 2021. (4) The Corporation held debt securities from Fannie Mae (FNMA) and Freddie Mac (FHLMC) that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $310.2 billion and $187.8 billion, and a fair value of $270.6 billion and $162.8 billion at June 30, 2022, and an amortized cost of $345.3 billion and $205.3 billion, and a fair value of $342.5 billion and $202.4 billion at December 31, 2021.
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 June 30, 2022 and December 31, 2021. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) June 30, 2022 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 24,891 $ (1,239) $ 859 $ (81) $ 25,750 $ (1,320) Agency-collateralized mortgage obligations 2,289 (130) 65 (2) 2,354 (132) Commercial 7,887 (496) 806 (112) 8,693 (608) Non-agency residential 302 (50) 102 (13) 404 (63) Total mortgage-backed securities 35,369 (1,915) 1,832 (208) 37,201 (2,123) U.S. Treasury and government agencies 152,855 (1,674) 15,518 (338) 168,373 (2,012) Non-U.S. securities 9,949 (25) 742 (18) 10,691 (43) Other taxable securities 2,024 (16) 499 (38) 2,523 (54) Tax-exempt securities 868 (147) 2,794 (108) 3,662 (255) Total AFS debt securities in a continuous $ 201,065 $ (3,777) $ 21,385 $ (710) $ 222,450 $ (4,487) December 31, 2021 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 11,733 $ (166) $ 815 $ (20) $ 12,548 $ (186) Agency-collateralized mortgage obligations 1,427 (22) 122 (3) 1,549 (25) Commercial 3,451 (41) 776 (38) 4,227 (79) Non-agency residential 241 (13) 174 (20) 415 (33) Total mortgage-backed securities 16,852 (242) 1,887 (81) 18,739 (323) U.S. Treasury and government agencies 103,307 (272) 4,850 (46) 108,157 (318) Other taxable securities — — 82 (3) 82 (3) Tax-exempt securities 502 (16) 109 (23) 611 (39) Total AFS debt securities in a continuous $ 120,661 $ (530) $ 6,928 $ (153) $ 127,589 $ (683)
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 June 30, 2022 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgage-backed securities (MBS) 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 Due after One Year Due after Five Years Due after 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 $ — — % $ 5 5.40 % $ 47 4.55 % $ 29,947 3.29 % $ 29,999 3.29 % Agency-collateralized mortgage obligations — — — — 18 2.56 2,723 2.91 2,741 2.91 Commercial 74 2.38 3,580 2.64 7,509 1.82 1,888 2.12 13,051 2.09 Non-agency residential — — — — — — 887 7.33 887 7.33 Total mortgage-backed securities 74 2.38 3,585 2.64 7,574 1.84 35,445 3.30 46,678 3.01 U.S. Treasury and government agencies 12,918 1.50 61,277 2.02 121,490 1.61 32 2.91 195,717 1.73 Non-U.S. securities 17,748 0.71 2,030 4.28 3 6.03 130 4.03 19,911 1.10 Other taxable securities 899 3.02 1,834 2.61 286 3.22 299 3.01 3,318 2.81 Tax-exempt securities 938 1.21 5,117 1.93 2,800 2.42 4,121 2.01 12,976 2.01 Total amortized cost of debt securities carried at fair value $ 32,577 1.11 $ 73,843 2.12 $ 132,153 1.64 $ 40,027 3.17 $ 278,600 1.93 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 15 2.60 % $ 528,282 2.13 % $ 528,297 2.13 % U.S. Treasury and government agencies — — 4,534 1.80 117,040 1.37 — — 121,574 1.39 Other taxable securities 39 8.65 1,074 2.24 442 2.98 6,858 2.49 8,413 2.51 Total amortized cost of HTM debt securities $ 39 8.65 $ 5,608 1.88 $ 117,497 1.37 $ 535,140 2.13 $ 658,284 1.99 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 5 $ 48 $ 28,672 $ 28,725 Agency-collateralized mortgage obligations — — 18 2,595 2,613 Commercial 74 3,619 7,159 1,720 12,572 Non-agency residential — 3 — 836 839 Total mortgage-backed securities 74 3,627 7,225 33,823 44,749 U.S. Treasury and government agencies 13,032 61,242 119,940 31 194,245 Non-U.S. securities 17,500 2,000 3 131 19,634 Other taxable securities 896 1,827 282 267 3,272 Tax-exempt securities 940 5,112 2,779 3,934 12,765 Total debt securities carried at fair value $ 32,442 $ 73,808 $ 130,229 $ 38,186 $ 274,665 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 14 $ 461,111 $ 461,125 U.S. Treasury and government agencies — 4,297 102,381 — 106,678 Other taxable securities 39 1,030 423 6,247 7,739 Total fair value of HTM debt securities $ 39 $ 5,327 $ 102,818 $ 467,358 $ 575,542 (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.

Outstanding Loans and Leases _2

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) June 30, 2022 Consumer real estate Residential mortgage $ 944 $ 237 $ 1,179 $ 2,360 $ 225,610 $ 227,970 Home equity 75 32 279 386 26,734 27,120 Credit card and other consumer Credit card 311 204 493 1,008 83,002 84,010 Direct/Indirect consumer (2) 149 42 22 213 108,613 108,826 Other consumer — — — — 195 195 Total consumer 1,479 515 1,973 3,967 444,154 448,121 Consumer loans accounted for under the fair value option (3) $ 377 377 Total consumer loans and leases 1,479 515 1,973 3,967 444,154 377 448,498 Commercial U.S. commercial 603 290 485 1,378 354,353 355,731 Non-U.S. commercial 157 116 360 633 125,163 125,796 Commercial real estate (4) 129 167 71 367 63,886 64,253 Commercial lease financing 18 55 10 83 13,529 13,612 U.S. small business commercial (5) 220 51 146 417 17,340 17,757 Total commercial 1,127 679 1,072 2,878 574,271 577,149 Commercial loans accounted for under the fair value option (3) 5,119 5,119 Total commercial loans and leases 1,127 679 1,072 2,878 574,271 5,119 582,268 Total loans and leases (6) $ 2,606 $ 1,194 $ 3,045 $ 6,845 $ 1,018,425 $ 5,496 $ 1,030,766 Percentage of outstandings 0.25 % 0.12 % 0.30 % 0.67 % 98.80 % 0.53 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $173 million and nonperforming loans of $92 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $68 million and nonperforming loans of $87 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $492 million. Consumer real estate loans current or less than 30 days past due includes $1.7 billion, and direct/indirect consumer includes $43 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $50.8 billion, U.S. securities-based lending loans of $54.0 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 $79 million and home equity loans of $298 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.2 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 $60.1 billion and non-U.S. commercial real estate loans of $4.1 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.1 billion. The Corporation also pledged $164.1 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 Total Outstandings (Dollars in millions) December 31, 2021 Consumer real estate Residential mortgage $ 1,005 $ 297 $ 1,571 $ 2,873 $ 219,090 $ 221,963 Home equity 123 69 369 561 27,374 27,935 Credit card and other consumer Credit card 298 212 487 997 80,441 81,438 Direct/Indirect consumer (2) 147 52 18 217 103,343 103,560 Other consumer — — — — 190 190 Total consumer 1,573 630 2,445 4,648 430,438 435,086 Consumer loans accounted for under the fair value option (3) $ 618 618 Total consumer loans and leases 1,573 630 2,445 4,648 430,438 618 435,704 Commercial U.S. commercial 815 308 396 1,519 324,417 325,936 Non-U.S. commercial 148 20 83 251 113,015 113,266 Commercial real estate (4) 115 34 285 434 62,575 63,009 Commercial lease financing 104 28 13 145 14,680 14,825 U.S. small business commercial (5) 129 259 89 477 18,706 19,183 Total commercial 1,311 649 866 2,826 533,393 536,219 Commercial loans accounted for under the fair value option (3) 7,201 7,201 Total commercial loans and leases 1,311 649 866 2,826 533,393 7,201 543,420 Total loans and leases (6) $ 2,884 $ 1,279 $ 3,311 $ 7,474 $ 963,831 $ 7,819 $ 979,124 Percentage of outstandings 0.29 % 0.13 % 0.34 % 0.76 % 98.44 % 0.80 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $55 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 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 $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 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 $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Schedule of Financing Receivables, Non Accrual Status	The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at June 30, 2022 and December 31, 2021. 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 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 2021 Annual Report on Form 10-K . Credit Quality Nonperforming Loans Accruing Past Due (Dollars in millions) June 30 December 31 June 30 December 31 Residential mortgage (1) $ 2,245 $ 2,284 $ 492 $ 634 With no related allowance (2) 1,956 1,950 — — Home equity (1) 563 630 — — With no related allowance (2) 371 414 — — Credit Card n/a n/a 493 487 Direct/indirect consumer 58 75 15 11 Total consumer 2,866 2,989 1,000 1,132 U.S. commercial 742 825 357 171 Non-U.S. commercial 279 268 184 19 Commercial real estate 218 382 18 40 Commercial lease financing 44 80 3 8 U.S. small business commercial 15 23 143 87 Total commercial 1,298 1,578 705 325 Total nonperforming loans $ 4,164 $ 4,567 $ 1,705 $ 1,457 Percentage of outstanding loans and leases 0.41 % 0.47 % 0.17 % 0.15 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2022 and December 31, 2021 residential mortgage includes $395 million and $444 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $97 million and $190 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
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 June 30, 2022, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 213,285 $ 29,035 $ 83,405 $ 38,908 $ 19,897 $ 6,116 $ 35,924 Greater than 90 percent but less than or equal to 100 percent 1,858 768 855 156 28 10 41 Greater than 100 percent 686 306 222 71 24 11 52 Fully-insured loans 12,141 312 3,840 3,256 1,015 177 3,541 Total Residential Mortgage $ 227,970 $ 30,421 $ 88,322 $ 42,391 $ 20,964 $ 6,314 $ 39,558 Residential Mortgage Refreshed FICO score Less than 620 $ 2,063 $ 230 $ 488 $ 345 $ 121 $ 94 $ 785 Greater than or equal to 620 and less than 680 4,909 603 1,415 913 416 273 1,289 Greater than or equal to 680 and less than 740 24,768 3,229 8,857 4,582 2,314 827 4,959 Greater than or equal to 740 184,089 26,047 73,722 33,295 17,098 4,943 28,984 Fully-insured loans 12,141 312 3,840 3,256 1,015 177 3,541 Total Residential Mortgage $ 227,970 $ 30,421 $ 88,322 $ 42,391 $ 20,964 $ 6,314 $ 39,558 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) June 30, 2022 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,876 $ 1,518 $ 19,583 $ 5,775 Greater than 90 percent but less than or equal to 100 percent 98 41 30 27 Greater than 100 percent 146 54 44 48 Total Home Equity $ 27,120 $ 1,613 $ 19,657 $ 5,850 Home Equity Refreshed FICO score Less than 620 $ 731 $ 197 $ 174 $ 360 Greater than or equal to 620 and less than 680 1,252 180 470 602 Greater than or equal to 680 and less than 740 4,254 405 2,438 1,411 Greater than or equal to 740 20,883 831 16,575 3,477 Total Home Equity $ 27,120 $ 1,613 $ 19,657 $ 5,850 (1) Includes reverse mortgages of $1.1 billion and home equity loans of $482 million, 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/ Revolving Loans 2022 2021 2020 2019 2018 Prior Total Credit Card as of June 30, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 691 $ 12 $ 71 $ 237 $ 108 $ 103 $ 55 $ 105 $ 3,094 $ 2,939 $ 155 Greater than or equal to 620 and less than 680 2,347 13 570 964 326 214 99 161 9,545 9,362 183 Greater than or equal to 680 and less than 740 8,723 54 2,472 3,426 1,262 753 310 446 28,737 28,565 172 Greater than or equal to 740 39,165 87 9,742 13,504 7,072 4,520 1,820 2,420 42,634 42,589 45 Other internal credit metrics (2,3) 57,900 57,052 170 288 87 67 42 194 — — — Total credit card and other $ 108,826 $ 57,218 $ 13,025 $ 18,419 $ 8,855 $ 5,657 $ 2,326 $ 3,326 $ 84,010 $ 83,455 $ 555 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $57.1 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 June 30, 2022. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 346,850 $ 38,819 $ 47,170 $ 21,131 $ 20,079 $ 10,660 $ 33,699 $ 175,292 Reservable criticized 8,881 41 491 676 881 1,268 1,085 4,439 Total U.S. Commercial $ 355,731 $ 38,860 $ 47,661 $ 21,807 $ 20,960 $ 11,928 $ 34,784 $ 179,731 Non-U.S. Commercial Risk ratings Pass rated $ 123,181 $ 13,828 $ 22,677 $ 7,001 $ 5,022 $ 3,412 $ 5,137 $ 66,104 Reservable criticized 2,615 79 366 311 334 140 542 843 Total Non-U.S. Commercial $ 125,796 $ 13,907 $ 23,043 $ 7,312 $ 5,356 $ 3,552 $ 5,679 $ 66,947 Commercial Real Estate Risk ratings Pass rated $ 59,121 $ 6,569 $ 13,558 $ 6,667 $ 9,710 $ 5,299 $ 9,615 $ 7,703 Reservable criticized 5,132 6 468 567 1,648 1,113 1,185 145 Total Commercial Real Estate $ 64,253 $ 6,575 $ 14,026 $ 7,234 $ 11,358 $ 6,412 $ 10,800 $ 7,848 Commercial Lease Financing Risk ratings Pass rated $ 13,296 $ 1,036 $ 2,811 $ 2,186 $ 2,185 $ 1,661 $ 3,417 $ — Reservable criticized 316 2 24 30 86 57 117 — Total Commercial Lease Financing $ 13,612 $ 1,038 $ 2,835 $ 2,216 $ 2,271 $ 1,718 $ 3,534 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,228 $ 803 $ 2,547 $ 1,947 $ 945 $ 694 $ 2,159 $ 133 Reservable criticized 345 9 21 33 82 62 135 3 Total U.S. Small Business Commercial $ 9,573 $ 812 $ 2,568 $ 1,980 $ 1,027 $ 756 $ 2,294 $ 136 Total $ 568,965 $ 61,192 $ 90,133 $ 40,549 $ 40,972 $ 24,366 $ 57,091 $ 254,662 (1) Excludes $5.1 billion of loans accounted for under the fair value option at June 30, 2022. (2) Excludes U.S. Small Business Card loans of $8.2 billion. Refreshed FICO scores for this portfolio are $210 million for less than 620; $723 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 $5.1 billion greater than or equal to 740. 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 December 31, 2021, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2021 2020 2019 2018 2017 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 206,562 $ 87,051 $ 43,597 $ 23,205 $ 7,392 $ 10,956 $ 34,361 Greater than 90 percent but less than or equal to 100 percent 1,938 1,401 331 81 17 14 94 Greater than 100 percent 759 520 112 29 11 12 75 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Residential Mortgage Refreshed FICO score Less than 620 $ 2,451 $ 636 $ 442 $ 140 $ 120 $ 104 $ 1,009 Greater than or equal to 620 and less than 680 5,199 1,511 1,123 477 294 307 1,487 Greater than or equal to 680 and less than 740 24,532 8,822 5,454 2,785 1,057 1,434 4,980 Greater than or equal to 740 177,077 78,003 37,021 19,913 5,949 9,137 27,054 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2021 Home Equity Refreshed LTV Less than or equal to 90 percent $ 27,594 $ 1,773 $ 19,095 $ 6,726 Greater than 90 percent but less than or equal to 100 percent 130 55 34 41 Greater than 100 percent 211 85 54 72 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 Home Equity Refreshed FICO score Less than 620 $ 893 $ 244 $ 209 $ 440 Greater than or equal to 620 and less than 680 1,434 222 495 717 Greater than or equal to 680 and less than 740 4,625 468 2,493 1,664 Greater than or equal to 740 20,983 979 15,986 4,018 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 (1) Includes reverse mortgages of $1.3 billion and home equity loans of $582 million, 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 December 31, 2021 Revolving Loans 2021 2020 2019 2018 2017 Prior Total Credit Card as of December 31, 2021 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 685 $ 13 $ 179 $ 115 $ 129 $ 79 $ 101 $ 69 $ 3,017 $ 2,857 $ 160 Greater than or equal to 620 and less than 680 2,313 14 1,170 414 313 148 134 120 9,264 9,064 200 Greater than or equal to 680 and less than 740 8,530 60 4,552 1,659 1,126 466 314 353 28,347 28,155 192 Greater than or equal to 740 37,164 94 15,876 8,642 6,465 2,679 1,573 1,835 40,810 40,762 48 Other internal credit metrics (2, 3) 54,868 54,173 283 53 77 75 63 144 — — — Total credit card and other $ 103,560 $ 54,354 $ 22,060 $ 10,883 $ 8,110 $ 3,447 $ 2,185 $ 2,521 $ 81,438 $ 80,838 $ 600 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $54.2 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 December 31, 2021. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 315,618 $ 55,862 $ 25,012 $ 23,373 $ 11,439 $ 10,426 $ 23,877 $ 165,629 Reservable criticized 10,318 598 687 1,308 1,615 514 1,072 4,524 Total U.S. Commercial $ 325,936 $ 56,460 $ 25,699 $ 24,681 $ 13,054 $ 10,940 $ 24,949 $ 170,153 Non-U.S. Commercial Risk ratings Pass rated $ 110,787 $ 25,749 $ 8,703 $ 7,133 $ 4,521 $ 3,016 $ 3,062 $ 58,603 Reservable criticized 2,479 223 324 487 275 257 216 697 Total Non-U.S. Commercial $ 113,266 $ 25,972 $ 9,027 $ 7,620 $ 4,796 $ 3,273 $ 3,278 $ 59,300 Commercial Real Estate Risk ratings Pass rated $ 55,511 $ 14,402 $ 7,244 $ 11,237 $ 5,710 $ 3,326 $ 6,831 $ 6,761 Reservable criticized 7,498 277 990 2,237 1,710 596 1,464 224 Total Commercial Real Estate $ 63,009 $ 14,679 $ 8,234 $ 13,474 $ 7,420 $ 3,922 $ 8,295 $ 6,985 Commercial Lease Financing Risk ratings Pass rated $ 14,438 $ 3,280 $ 2,485 $ 2,427 $ 2,030 $ 1,741 $ 2,475 $ — Reservable criticized 387 25 18 91 67 48 138 — Total Commercial Lease Financing $ 14,825 $ 3,305 $ 2,503 $ 2,518 $ 2,097 $ 1,789 $ 2,613 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,618 $ 4,257 $ 2,922 $ 1,059 $ 763 $ 623 $ 1,853 $ 141 Reservable criticized 433 12 29 91 87 64 147 3 Total U.S. Small Business Commercial $ 12,051 $ 4,269 $ 2,951 $ 1,150 $ 850 $ 687 $ 2,000 $ 144 Total $ 529,087 $ 104,685 $ 48,414 $ 49,443 $ 28,217 $ 20,611 $ 41,135 $ 236,582 (1) Excludes $7.2 billion of loans accounted for under the fair value option at December 31, 2021. (2) Excludes U.S. Small Business Card loans of $7.1 billion. Refreshed FICO scores for this portfolio are $192 million for less than 620; $618 million for greater than or equal to 620 and less than 680; $1.9 billion for greater than or equal to 680 and less than 740; and $4.4 billion greater than or equal to 740.
Troubled Debt Restructurings on Financing Receivables	The table below presents the June 30, 2022 and 2021 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 and six months ended June 30, 2022 and 2021. 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 and Six Months Ended June 30, 2022 and 2021 Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Residential mortgage $ 540 $ 489 3.47 % 3.38 % $ 858 $ 774 3.53 % 3.35 % Home equity 129 110 3.80 3.89 170 140 3.77 3.84 Total $ 669 $ 599 3.53 3.48 $ 1,028 $ 914 3.57 3.43 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Residential mortgage $ 522 $ 466 3.53 % 3.51 % $ 744 $ 667 3.51 % 3.49 % Home equity 62 47 3.58 3.61 83 63 3.55 3.58 Total $ 584 $ 513 3.53 3.52 $ 827 $ 730 3.52 3.50 (1) 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 June 30, 2022 and 2021 carrying value for consumer real estate loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021, by type of modification. Consumer Real Estate – Modification Programs TDRs Entered into During the Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Modifications under government programs $ — $ 1 $ — $ 3 Modifications under proprietary programs 536 479 816 665 Loans discharged in Chapter 7 bankruptcy (1) 4 12 8 22 Trial modifications 59 21 90 40 Total modifications $ 599 $ 513 $ 914 $ 730 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The following table presents the carrying value of consumer real estate loans that entered into payment default during the three and six months ended June 30, 2022 and 2021 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 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Modifications under government programs $ — $ 1 $ — $ 2 Modifications under proprietary programs 32 33 72 45 Loans discharged in Chapter 7 bankruptcy (1) — 2 1 5 Trial modifications (2) 7 6 11 12 Total modifications $ 39 $ 42 $ 84 $ 64 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (2) Includes trial modification offers to which the customer did not respond. Credit Card and Other Consumer – TDRs Entered into During the Three and Six Months Ended June 30, 2022 and 2021 Unpaid Principal Balance Carrying Value (1) Pre-Modification Interest Rate Post-Modification Interest Rate Unpaid Principal Balance Carrying (1) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Credit card $ 65 $ 69 19.77 % 3.78 % $ 127 $ 132 19.60 % 3.76 % Direct/Indirect consumer 3 2 5.41 5.41 5 5 5.62 5.62 Total $ 68 $ 71 19.37 3.83 $ 132 $ 137 19.09 3.83 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Credit card $ 62 $ 68 18.44 % 4.24 % $ 137 $ 147 18.48 % 4.53 % Direct/Indirect consumer 6 4 5.64 5.64 11 7 5.62 5.62 Total $ 68 $ 72 17.75 4.31 $ 148 $ 154 17.87 4.58 (1) Includes accrued interest and fees. The table below presents the June 30, 2022 and 2021 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021 by program type. Credit Card and Other Consumer – TDRs by Program Type (1) TDRs Entered into During the TDRs Entered into During the (Dollars in millions) 2022 2021 2022 2021 Internal programs $ 58 $ 57 $ 112 $ 121 External programs 10 13 20 29 Other 3 2 5 4 Total $ 71 $ 72 $ 137 $ 154 (1) Includes accrued interest and fees.
Changes in the Allowance for Credit Losses	The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the table below. Consumer Credit Card and Commercial Total (Dollars in millions) Three Months Ended June 30, 2022 Allowance for loan and lease losses, April 1 $ 473 $ 6,242 $ 5,389 $ 12,104 Loans and leases charged off (160) (692) (92) (944) Recoveries of loans and leases previously charged off 98 229 46 373 Net charge-offs (62) (463) (46) (571) Provision for loan and lease losses (16) 438 19 441 Other 1 (1) (1) (1) Allowance for loan and lease losses, June 30 396 6,216 5,361 11,973 Reserve for unfunded lending commitments, April 1 91 — 1,288 1,379 Provision for unfunded lending commitments (12) — 94 82 Reserve for unfunded lending commitments, June 30 79 — 1,382 1,461 Allowance for credit losses, June 30 $ 475 $ 6,216 $ 6,743 $ 13,434 Three Months Ended June 30, 2021 Allowance for loan and lease losses, April 1 $ 689 $ 7,946 $ 7,533 $ 16,168 Loans and leases charged off (30) (799) (232) (1,061) Recoveries of loans and leases previously charged off 60 256 150 466 Net charge-offs 30 (543) (82) (595) Provision for loan and lease losses (122) (568) (790) (1,480) Other — — 2 2 Allowance for loan and lease losses, June 30 597 6,835 6,663 14,095 Reserve for unfunded lending commitments, April 1 124 — 1,705 1,829 Provision for unfunded lending commitments (17) — (124) (141) Other — — (1) (1) Reserve for unfunded lending commitments, June 30 107 — 1,580 1,687 Allowance for credit losses, June 30 $ 704 $ 6,835 $ 8,243 $ 15,782 (Dollars in millions) Six Months Ended June 30, 2022 Allowance for loan and lease losses, January 1 $ 557 $ 6,476 $ 5,354 $ 12,387 Loans and leases charged off (183) (1,311) (184) (1,678) Recoveries of loans and leases previously charged off 161 468 86 715 Net charge-offs (22) (843) (98) (963) Provision for loan and lease losses (141) 581 109 549 Other 2 2 (4) — Allowance for loan and lease losses, June 30 396 6,216 5,361 11,973 Reserve for unfunded lending commitments, January 1 96 — 1,360 1,456 Provision for unfunded lending commitments (18) — 22 4 Other 1 — — 1 Reserve for unfunded lending commitments, June 30 79 — 1,382 1,461 Allowance for credit losses, June 30 $ 475 $ 6,216 $ 6,743 $ 13,434 Six Months Ended June 30, 2021 Allowance for loan and lease losses, January 1 $ 858 $ 9,213 $ 8,731 $ 18,802 Loans and leases charged off (45) (1,776) (426) (2,247) Recoveries of loans and leases previously charged off 114 501 214 829 Net charge-offs 69 (1,275) (212) (1,418) Provision for loan and lease losses (329) (1,104) (1,858) (3,291) Other (1) 1 2 2 Allowance for loan and lease losses, June 30 597 6,835 6,663 14,095 Reserve for unfunded lending commitments, January 1 137 — 1,741 1,878 Provision for unfunded lending commitments (30) — (160) (190) Other — — (1) (1) Reserve for unfunded lending commitments, June 30 107 — 1,580 1,687 Allowance for credit losses, June 30 $ 704 $ 6,835 $ 8,243 $ 15,782

Securitizations and Other Var_2

Securitizations and Other Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended June 30 Six Months Ended June 30 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds from loan sales (1) $ 1,419 $ 1,652 $ 3,741 $ 2,895 $ 1,988 $ 2,175 $ 4,416 $ 2,840 Gains on securitizations (2) — 3 8 5 13 31 26 64 Repurchases from securitization trusts (3) 9 98 25 178 — — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the government-sponsored enterprises (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 typically 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 $10 million and $30 million net of hedges, during the three and six months ended June 30, 2022 and compared to $40 million and $73 million for the same periods in 2021, 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 table below summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at June 30, 2022 and December 31, 2021. Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2) Resecuritization Trusts Municipal Bond Trusts (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure $ 130 $ 152 $ — $ — $ 5,799 $ 6,089 $ 3,379 $ 4,094 On-balance sheet assets Securities (3) : Trading account assets $ — $ — $ — $ — $ 1,599 $ 1,030 $ — $ — Debt securities carried at fair value 1 1 — — 1,467 1,903 — — Held-to-maturity securities — — — — 2,733 3,156 — — Total retained positions $ 1 $ 1 $ — $ — $ 5,799 $ 6,089 $ — $ — Total assets of VIEs $ 366 $ 430 $ — $ — $ 14,993 $ 18,633 $ 3,907 $ 4,655 Consolidated VIEs Maximum loss exposure $ 38 $ 45 $ 8,937 $ 10,279 $ 149 $ 680 $ 155 $ 210 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 156 $ 686 $ 63 $ 122 Loans and leases 116 140 13,981 14,434 — — — — Allowance for loan and lease losses 13 14 (843) (970) — — — — All other assets 2 3 59 70 — — 92 88 Total assets $ 131 $ 157 $ 13,197 $ 13,534 $ 156 $ 686 $ 155 $ 210 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ 133 $ 196 Long-term debt 94 113 4,248 3,248 7 6 — — All other liabilities — — 12 7 — — — — Total liabilities $ 94 $ 113 $ 4,260 $ 3,255 $ 7 $ 6 $ 133 $ 196 (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 June 30, 2022 and December 31, 2021, loans and leases in the consolidated credit card trust included $2.7 billion and $4.3 billion of seller’s interest.
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 June 30, 2022 and December 31, 2021. First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 9,881 $ 11,600 $ 108 $ 121 $ 807 $ 908 $ 15 $ 14 $ 1,496 $ 1,445 On-balance sheet assets Senior securities: Trading account assets $ 213 $ 175 $ 3 $ 8 $ 37 $ 44 $ 13 $ 12 $ 25 $ 21 Debt securities carried at fair value 3,542 5,009 — — 455 537 — — — — Held-to-maturity securities 6,126 6,416 — — — — — — 1,268 1,157 All other assets — — 3 3 34 29 2 2 59 93 Total retained positions $ 9,881 $ 11,600 $ 6 $ 11 $ 526 $ 610 $ 15 $ 14 $ 1,352 $ 1,271 Principal balance outstanding (2) $ 85,819 $ 93,142 $ 4,251 $ 4,710 $ 5,471 $ 6,179 $ 12,279 $ 13,627 $ 84,991 $ 85,540 Consolidated VIEs Maximum loss exposure (1) $ 1,648 $ 1,644 $ — $ 49 $ 89 $ — $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,648 $ 1,644 $ — $ — $ 89 $ — $ — $ — $ — $ — Loans and leases, net — — — 58 — — — — — — Total assets $ 1,648 $ 1,644 $ — $ 58 $ 89 $ — $ — $ — $ — $ — Total liabilities $ — $ — $ — $ 9 $ — $ — $ — $ — $ — $ — (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 June 30, 2022 and December 31, 2021. Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) June 30, 2022 December 31, 2021 Maximum loss exposure $ 2,241 $ 29,021 $ 31,262 $ 4,819 $ 27,790 $ 32,609 On-balance sheet assets Trading account assets $ 338 $ 562 $ 900 $ 2,552 $ 626 $ 3,178 Debt securities carried at fair value — 7 7 — 7 7 Loans and leases 2,073 83 2,156 2,503 47 2,550 Allowance for loan and lease losses (2) (12) (14) (2) (12) (14) All other assets 24 27,911 27,935 28 26,628 26,656 Total $ 2,433 $ 28,551 $ 30,984 $ 5,081 $ 27,296 $ 32,377 On-balance sheet liabilities Short-term borrowings $ 32 $ — $ 32 $ 51 $ — $ 51 Long-term debt 160 — 160 211 — 211 All other liabilities — 7,132 7,132 — 6,548 6,548 Total $ 192 $ 7,132 $ 7,324 $ 262 $ 6,548 $ 6,810 Total assets of VIEs $ 2,433 $ 93,885 $ 96,318 $ 5,081 $ 92,249 $ 97,330

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents goodwill balances by business segment at June 30, 2022 and December 31, 2021. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. The Corporation completed its annual goodwill impairment test as of June 30, 2022 and determined there was no impairment. For more information regarding the nature of and accounting for the Corporation’s annual goodwill impairment testing, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Goodwill June 30 December 31 (Dollars in millions) 2022 2021 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,182 5,182 Total goodwill $ 69,022 $ 69,022

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Net Investment in Sales-type and Direct Financing Leases	The table below presents the net investment in sales-type and direct financing leases at June 30, 2022 and December 31, 2021. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 15,628 $ 16,806 Unguaranteed residuals 1,870 2,078 Total net investment in sales-type and direct $ 17,498 $ 18,884 (1) 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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021.
Sales-type Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770
Operating Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770
Direct Financing Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2022 and 2021. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Sales-type and direct $ 137 $ 152 $ 279 $ 316 Operating leases 231 223 463 454 Total lease income $ 368 $ 375 $ 742 $ 770
Lease, Cost	The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use asset $ 9,963 $ 10,233 Lease liabilities 10,560 10,858

Securities Financing Agreemen_2

Securities Financing Agreements, Collateral and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2022
Offsetting Liabilities [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 10 – Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2021 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) June 30, 2022 Securities sold under agreements to repurchase $ 185,699 $ 154,162 $ 37,718 $ 26,783 $ 404,362 Securities loaned 55,681 404 888 4,480 61,453 Other 6,761 — — — 6,761 Total $ 248,141 $ 154,566 $ 38,606 $ 31,263 $ 472,576 December 31, 2021 Securities sold under agreements to repurchase $ 148,023 $ 194,964 $ 36,939 $ 36,501 $ 416,427 Securities loaned 46,231 466 1,428 4,111 52,236 Other 11,391 — — — 11,391 Total $ 205,645 $ 195,430 $ 38,367 $ 40,612 $ 480,054 (1) No agreements have maturities greater than three years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) June 30, 2022 U.S. government and agency securities $ 194,141 $ — $ — $ 194,141 Corporate securities, trading loans and other 14,183 2,032 514 16,729 Equity securities 11,888 59,020 6,247 77,155 Non-U.S. sovereign debt 180,423 401 — 180,824 Mortgage trading loans and ABS 3,727 — — 3,727 Total $ 404,362 $ 61,453 $ 6,761 $ 472,576 December 31, 2021 U.S. government and agency securities $ 201,546 $ 27 $ — $ 201,573 Corporate securities, trading loans and other 12,838 3,440 1,148 17,426 Equity securities 19,907 48,650 10,192 78,749 Non-U.S. sovereign debt 178,019 119 51 178,189 Mortgage trading loans and ABS 4,117 — — 4,117 Total $ 416,427 $ 52,236 $ 11,391 $ 480,054
Securities Borrowed And Securities Purchased Under Agreements To Resell
Offsetting Liabilities [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 June 30, 2022 and December 31, 2021. 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. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2022 Securities borrowed or purchased under agreements to resell (3) $ 533,938 $ (261,508) $ 272,430 $ (242,902) $ 29,528 Securities loaned or sold under agreements to repurchase $ 465,815 $ (261,508) $ 204,307 $ (194,375) $ 9,932 Other (4) 6,761 — 6,761 (6,761) — Total $ 472,576 $ (261,508) $ 211,068 $ (201,136) $ 9,932 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (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 $11.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at June 30, 2022 and December 31, 2021. (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 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 June 30, 2022 and December 31, 2021. 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. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2022 Securities borrowed or purchased under agreements to resell (3) $ 533,938 $ (261,508) $ 272,430 $ (242,902) $ 29,528 Securities loaned or sold under agreements to repurchase $ 465,815 $ (261,508) $ 204,307 $ (194,375) $ 9,932 Other (4) 6,761 — 6,761 (6,761) — Total $ 472,576 $ (261,508) $ 211,068 $ (201,136) $ 9,932 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (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 $11.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at June 30, 2022 and December 31, 2021. (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)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit Extension Commitment Expirations	The following table includes the notional amount of commitments of $3.6 billion and $4.8 billion at June 30, 2022 and December 31, 2021 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $220 million and $97 million at June 30, 2022 and December 31, 2021, 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 Expire After Total (Dollars in millions) June 30, 2022 Notional amount of credit extension commitments Loan commitments (1) $ 119,081 $ 176,567 $ 199,835 $ 27,012 $ 522,495 Home equity lines of credit 1,111 6,169 10,961 22,490 40,731 Standby letters of credit and financial guarantees (2) 25,634 9,213 2,458 559 37,864 Letters of credit 1,028 94 22 69 1,213 Other commitments (3) 30 23 84 1,172 1,309 Legally binding commitments 146,884 192,066 213,360 51,302 603,612 Credit card lines (4) 419,054 — — — 419,054 Total credit extension commitments $ 565,938 $ 192,066 $ 213,360 $ 51,302 $ 1,022,666 December 31, 2021 Notional amount of credit extension commitments Loan commitments (1) $ 102,464 $ 190,687 $ 174,978 $ 26,635 $ 494,764 Home equity lines of credit 890 5,097 10,268 24,276 40,531 Standby letters of credit and financial guarantees (2) 22,359 10,742 2,017 422 35,540 Letters of credit 1,145 124 56 98 1,423 Other commitments (3) 18 59 81 1,233 1,391 Legally binding commitments 126,876 206,709 187,400 52,664 573,649 Credit card lines (4) 406,169 — — — 406,169 Total credit extension commitments $ 533,045 $ 206,709 $ 187,400 $ 52,664 $ 979,818 (1) At June 30, 2022 and December 31, 2021, $3.8 billion and $4.6 billion of these loan commitments were 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 $10.5 billion at June 30, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $146 million and $512 million at June 30, 2022 and December 31, 2021. (3) Primarily includes second-loss positions on lease-end residual value guarantees.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Dividends	Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share July 20, 2022 September 2, 2022 September 30, 2022 $ 0.22 April 27, 2022 June 3, 2022 June 24, 2022 0.21 February 2, 2022 March 4, 2022 March 25, 2022 0.21 (1) In 2022, and through July 29, 2022.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Accumulated OCI	The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 2022 and 2021. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2020 $ 5,122 $ (1,992) $ 426 $ (4,266) $ (946) $ (1,656) Net change (1,090) 265 (699) 120 (3) (1,407) Balance, June 30, 2021 $ 4,032 $ (1,727) $ (273) $ (4,146) $ (949) $ (3,063) Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (5,269) 836 (7,187) 60 (10) (11,570) Balance, June 30, 2022 $ (2,224) $ (800) $ (9,067) $ (3,582) $ (1,001) $ (16,674)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The following table 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 six months ended June 30, 2022 and 2021. Pretax Tax After- Pretax Tax After- Six Months Ended June 30 (Dollars in millions) 2022 2021 Debt securities: Net increase (decrease) in fair value $ (6,972) $ 1,719 $ (5,253) $ (1,445) $ 355 $ (1,090) Net realized gains reclassified into earnings (1) (22) 6 (16) — — — Net change (6,994) 1,725 (5,269) (1,445) 355 (1,090) Debit valuation adjustments: Net increase (decrease) in fair value 1,100 (267) 833 336 (76) 260 Net realized losses reclassified into earnings (1) 3 — 3 7 (2) 5 Net change 1,103 (267) 836 343 (78) 265 Derivatives: Net increase (decrease) in fair value (9,621) 2,397 (7,224) (820) 205 (615) Reclassifications into earnings: Net interest income 70 (18) 52 (84) 20 (64) Compensation and benefits expense (19) 4 (15) (26) 6 (20) Net realized gains reclassified into earnings 51 (14) 37 (110) 26 (84) Net change (9,570) 2,383 (7,187) (930) 231 (699) Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 89 (29) 60 142 (22) 120 Net change 89 (29) 60 142 (22) 120 Foreign currency: Net increase (decrease) in fair value 407 (417) (10) 116 (119) (3) Net change 407 (417) (10) 116 (119) (3) Total other comprehensive income (loss) $ (14,965) $ 3,395 $ (11,570) $ (1,774) $ 367 $ (1,407) (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.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021 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 2021 Annual Report on Form 10-K . Three Months Ended June 30 Six Months Ended June 30 (In millions, except per share information) 2022 2021 2022 2021 Earnings per common share Net income $ 6,247 $ 9,224 $ 13,314 $ 17,274 Preferred stock dividends (315) (260) (782) (750) Net income applicable to common shareholders $ 5,932 $ 8,964 $ 12,532 $ 16,524 Average common shares issued and outstanding 8,121.6 8,620.8 8,129.3 8,660.4 Earnings per common share $ 0.73 $ 1.04 $ 1.54 $ 1.91 Diluted earnings per common share Net income applicable to common shareholders $ 5,932 $ 8,964 $ 12,532 $ 16,524 Add preferred stock dividends due to assumed conversions — 56 — 112 Net income allocated to common shareholders $ 5,932 $ 9,020 $ 12,532 $ 16,636 Average common shares issued and outstanding 8,121.6 8,620.8 8,129.3 8,660.4 Dilutive potential common shares (1) 41.5 114.7 52.9 115.8 Total diluted average common shares issued and outstanding 8,163.1 8,735.5 8,182.2 8,776.2 Diluted earnings per common share $ 0.73 $ 1.03 $ 1.53 $ 1.90 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. June 30, 2022 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 $ 774 $ — $ — $ — $ 774 Federal funds sold and securities borrowed or purchased under agreements to resell — 154,287 — — 154,287 Trading account assets: U.S. Treasury and government agencies 46,899 287 — — 47,186 Corporate securities, trading loans and other — 45,434 2,367 — 47,801 Equity securities 99,723 31,104 179 — 131,006 Non-U.S. sovereign debt 9,177 25,200 470 — 34,847 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 22,869 96 — 22,965 Mortgage trading loans, ABS and other MBS — 8,932 1,290 — 10,222 Total trading account assets (2) 155,799 133,826 4,402 — 294,027 Derivative assets 21,180 384,582 2,967 (346,682) 62,047 AFS debt securities: U.S. Treasury and government agencies 193,080 975 — — 194,055 Mortgage-backed securities: Agency — 28,725 — — 28,725 Agency-collateralized mortgage obligations — 2,613 — — 2,613 Non-agency residential — 131 299 — 430 Commercial — 12,560 — — 12,560 Non-U.S. securities 1 11,636 199 — 11,836 Other taxable securities — 3,269 1 — 3,270 Tax-exempt securities — 12,713 52 — 12,765 Total AFS debt securities 193,081 72,622 551 — 266,254 Other debt securities carried at fair value: U.S. Treasury and government agencies 190 — — — 190 Non-agency residential MBS — 297 112 — 409 Non-U.S. and other securities 4,051 3,761 — — 7,812 Total other debt securities carried at fair value 4,241 4,058 112 — 8,411 Loans and leases — 5,240 256 — 5,496 Loans held-for-sale — 1,525 345 — 1,870 Other assets (3) 4,980 1,250 1,750 — 7,980 Total assets (4) $ 380,055 $ 757,390 $ 10,383 $ (346,682) $ 801,146 Liabilities Interest-bearing deposits in U.S. offices $ — $ 444 $ — $ — $ 444 Federal funds purchased and securities loaned or sold under agreements to repurchase — 145,165 — — 145,165 Trading account liabilities: U.S. Treasury and government agencies 19,495 326 — — 19,821 Equity securities 37,397 7,430 — — 44,827 Non-U.S. sovereign debt 13,495 10,685 — — 24,180 Corporate securities and other — 8,460 14 — 8,474 Total trading account liabilities 70,387 26,901 14 — 97,302 Derivative liabilities 19,572 365,284 4,649 (351,080) 38,425 Short-term borrowings — 2,931 — — 2,931 Accrued expenses and other liabilities 5,457 1,461 63 — 6,981 Long-term debt — 27,563 812 — 28,375 Total liabilities (4) $ 95,416 $ 569,749 $ 5,538 $ (351,080) $ 319,623 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $11.3 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. Trading account assets also includes certain commodities inventory of $2.0 billion that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $963 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.33 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.19 percent of total consolidated liabilities. December 31, 2021 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 $ 707 $ — $ — $ — $ 707 Federal funds sold and securities borrowed or purchased under agreements to resell — 150,665 — — 150,665 Trading account assets: U.S. Treasury and government agencies 44,599 803 — — 45,402 Corporate securities, trading loans and other — 31,601 2,110 — 33,711 Equity securities 61,425 38,383 190 — 99,998 Non-U.S. sovereign debt 3,822 25,612 396 — 29,830 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 25,645 109 — 25,754 Mortgage trading loans, ABS and other MBS — 10,967 1,418 — 12,385 Total trading account assets (2) 109,846 133,011 4,223 — 247,080 Derivative assets 34,748 310,581 3,133 (313,118) 35,344 AFS debt securities: U.S. Treasury and government agencies 198,071 1,074 — — 199,145 Mortgage-backed securities: Agency — 46,339 — — 46,339 Agency-collateralized mortgage obligations — 3,380 — — 3,380 Non-agency residential — 267 316 — 583 Commercial — 19,604 — — 19,604 Non-U.S. securities — 11,933 — — 11,933 Other taxable securities — 2,690 71 — 2,761 Tax-exempt securities — 15,381 52 — 15,433 Total AFS debt securities 198,071 100,668 439 — 299,178 Other debt securities carried at fair value: U.S. Treasury and government agencies 575 — — — 575 Non-agency residential MBS — 343 242 — 585 Non-U.S. and other securities 2,580 5,155 — — 7,735 Total other debt securities carried at fair value 3,155 5,498 242 — 8,895 Loans and leases — 7,071 748 — 7,819 Loans held-for-sale — 4,138 317 — 4,455 Other assets (3) 7,657 2,915 1,572 — 12,144 Total assets (4) $ 354,184 $ 714,547 $ 10,674 $ (313,118) $ 766,287 Liabilities Interest-bearing deposits in U.S. offices $ — $ 408 $ — $ — $ 408 Federal funds purchased and securities loaned or sold under agreements to repurchase — 139,641 — — 139,641 Trading account liabilities: U.S. Treasury and government agencies 19,826 313 — — 20,139 Equity securities 41,744 6,491 — — 48,235 Non-U.S. sovereign debt 10,400 13,781 — — 24,181 Corporate securities and other — 8,124 11 — 8,135 Total trading account liabilities 71,970 28,709 11 — 100,690 Derivative liabilities 35,282 314,380 5,795 (317,782) 37,675 Short-term borrowings — 4,279 — — 4,279 Accrued expenses and other liabilities 8,359 3,130 — — 11,489 Long-term debt — 28,633 1,075 — 29,708 Total liabilities (4) $ 115,611 $ 519,180 $ 6,881 $ (317,782) $ 323,890 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $10.6 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. Trading account assets also includes certain commodities inventory of $752 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $818 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.34 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 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 and six months ended June 30, 2022 and 2021, 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 April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 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 June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,189 $ (67) $ (1) $ 755 $ (45) $ — $ (99) $ 152 $ (517) $ 2,367 $ (90) Equity securities 183 (9) — 12 (9) — — 18 (16) 179 (7) Non-U.S. sovereign debt 496 (1) (33) 5 (2) — — 5 — 470 — Mortgage trading loans, MBS and ABS 1,615 (86) — 78 (162) — (73) 65 (51) 1,386 (95) Total trading account assets 4,483 (163) (34) 850 (218) — (172) 240 (584) 4,402 (192) Net derivative assets (liabilities) (4) (2,134) 725 — 67 (166) — 237 (36) (375) (1,682) 763 AFS debt securities: Non-agency residential MBS 244 (2) 2 — — — (19) 74 — 299 (2) Non-U.S. and other taxable securities 155 3 (8) 126 — — (9) — (67) 200 — Tax-exempt securities 52 — — — — — — — — 52 — Total AFS debt securities 451 1 (6) 126 — — (28) 74 (67) 551 (2) Other debt securities carried at fair value – Non-agency residential MBS 138 (1) — — — — (8) — (17) 112 (1) Loans and leases (5,6) 690 (11) — — (153) — (21) — (249) 256 (9) Loans held-for-sale (5,6) 382 17 (7) 66 (6) — (115) 8 — 345 13 Other assets (6,7) 1,695 82 (8) — — 45 (64) — — 1,750 61 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) (50) (13) — — — — — — — (63) (13) Long-term debt (5) (877) (13) 46 — 14 (1) 13 — 6 (812) (13) Three Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,516 $ 38 $ — $ 185 $ (110) $ — $ (116) $ 306 $ (55) $ 1,764 $ 16 Equity securities 273 32 — 8 (26) — — 26 (53) 260 23 Non-U.S. sovereign debt 334 20 34 — — — — 26 — 414 20 Mortgage trading loans, MBS and ABS 1,561 (10) — 119 (274) — (28) 188 (58) 1,498 (10) Total trading account assets 3,684 80 34 312 (410) — (144) 546 (166) 3,936 49 Net derivative assets (liabilities) (4) (3,206) 5 — 211 (88) — 36 (83) 241 (2,884) (19) AFS debt securities: Non-agency residential MBS 284 1 3 — — — (8) — (75) 205 — Non-U.S. and other taxable securities 86 (1) 1 — — — (1) — — 85 — Tax-exempt securities 98 3 — — — — — — (50) 51 3 Total AFS debt securities 468 3 4 — — — (9) — (125) 341 3 Other debt securities carried at fair value – Non-agency residential MBS 260 3 — — — — (14) 32 — 281 3 Loans and leases (5,6) 793 34 — — — 60 (46) 16 — 857 34 Loans held-for-sale (5,6) 220 10 11 38 — — (23) 7 — 263 4 Other assets (6,7) 2,090 (153) 4 55 (144) 23 (100) — — 1,775 (117) Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) — Long-term debt (5) (1,028) (67) 15 2 — (2) 19 — 1 (1,060) (66) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $(9) million and $67 million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (69) $ (1) $ 767 $ (198) $ — $ (117) $ 520 $ (645) $ 2,367 $ (53) Equity securities 190 7 — 28 (15) — (4) 26 (53) 179 (11) Non-U.S. sovereign debt 396 19 20 7 (2) — (15) 50 (5) 470 16 Mortgage trading loans, MBS and ABS 1,527 (178) — 207 (317) — (94) 316 (75) 1,386 (124) Total trading account assets 4,223 (221) 19 1,009 (532) — (230) 912 (778) 4,402 (172) Net derivative assets (liabilities) (4) (2,662) 1,342 — 125 (351) — 344 (179) (301) (1,682) 1,238 AFS debt securities: Non-agency residential MBS 316 2 (22) — (8) — (63) 74 — 299 2 Non-U.S. and other taxable securities 71 3 (9) 126 — — (9) 87 (69) 200 3 Tax-exempt securities 52 — — — — — — — — 52 (1) Total AFS debt securities 439 5 (31) 126 (8) — (72) 161 (69) 551 4 Other debt securities carried at fair value – Non-agency residential MBS 242 (40) — — — — (73) — (17) 112 (5) Loans and leases (5,6) 748 (41) — — (154) — (48) — (249) 256 (34) Loans held-for-sale (5,6) 317 24 5 170 (6) — (173) 8 — 345 18 Other assets (6,7) 1,572 226 (5) — 1 85 (133) 4 — 1,750 193 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) — (63) — — — — — — — (63) (64) Long-term debt (5) (1,075) (122) 79 — 14 (1) 17 (6) 282 (812) (125) Six Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ 25 $ — $ 426 $ (257) $ — $ (133) $ 458 $ (114) $ 1,764 $ (5) Equity securities 227 22 — 53 (49) — — 78 (71) 260 14 Non-U.S. sovereign debt 354 20 12 2 — — — 26 — 414 23 Mortgage trading loans, MBS and ABS 1,440 39 — 247 (495) 1 (64) 444 (114) 1,498 16 Total trading account assets 3,380 106 12 728 (801) 1 (197) 1,006 (299) 3,936 48 Net derivative assets (liabilities) (4) (3,468) 291 — 349 (349) — 183 (191) 301 (2,884) 192 AFS debt securities: Non-agency residential MBS 378 (15) (94) — — — (25) 36 (75) 205 (2) Non-U.S. and other taxable securities 89 (1) (5) 8 — — (6) — — 85 — Tax-exempt securities 176 17 — — — — — — (142) 51 16 Total AFS debt securities 643 1 (99) 8 — — (31) 36 (217) 341 14 Other debt securities carried at fair value – Non-agency residential MBS 267 2 — — — — (20) 32 — 281 2 Loans and leases (5,6) 717 104 — — — 70 (80) 46 — 857 111 Loans held-for-sale (5,6) 236 4 3 38 — — (40) 26 (4) 263 (5) Other assets (6,7) 1,970 21 8 55 (145) 64 (205) 7 — 1,775 46 Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) 1 Long-term debt (5) (1,164) (18) 2 2 — (2) 37 (32) 115 (1,060) (34) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $71 million and $(5) million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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 and six months ended June 30, 2022 and 2021, 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 April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 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 June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,189 $ (67) $ (1) $ 755 $ (45) $ — $ (99) $ 152 $ (517) $ 2,367 $ (90) Equity securities 183 (9) — 12 (9) — — 18 (16) 179 (7) Non-U.S. sovereign debt 496 (1) (33) 5 (2) — — 5 — 470 — Mortgage trading loans, MBS and ABS 1,615 (86) — 78 (162) — (73) 65 (51) 1,386 (95) Total trading account assets 4,483 (163) (34) 850 (218) — (172) 240 (584) 4,402 (192) Net derivative assets (liabilities) (4) (2,134) 725 — 67 (166) — 237 (36) (375) (1,682) 763 AFS debt securities: Non-agency residential MBS 244 (2) 2 — — — (19) 74 — 299 (2) Non-U.S. and other taxable securities 155 3 (8) 126 — — (9) — (67) 200 — Tax-exempt securities 52 — — — — — — — — 52 — Total AFS debt securities 451 1 (6) 126 — — (28) 74 (67) 551 (2) Other debt securities carried at fair value – Non-agency residential MBS 138 (1) — — — — (8) — (17) 112 (1) Loans and leases (5,6) 690 (11) — — (153) — (21) — (249) 256 (9) Loans held-for-sale (5,6) 382 17 (7) 66 (6) — (115) 8 — 345 13 Other assets (6,7) 1,695 82 (8) — — 45 (64) — — 1,750 61 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) (50) (13) — — — — — — — (63) (13) Long-term debt (5) (877) (13) 46 — 14 (1) 13 — 6 (812) (13) Three Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,516 $ 38 $ — $ 185 $ (110) $ — $ (116) $ 306 $ (55) $ 1,764 $ 16 Equity securities 273 32 — 8 (26) — — 26 (53) 260 23 Non-U.S. sovereign debt 334 20 34 — — — — 26 — 414 20 Mortgage trading loans, MBS and ABS 1,561 (10) — 119 (274) — (28) 188 (58) 1,498 (10) Total trading account assets 3,684 80 34 312 (410) — (144) 546 (166) 3,936 49 Net derivative assets (liabilities) (4) (3,206) 5 — 211 (88) — 36 (83) 241 (2,884) (19) AFS debt securities: Non-agency residential MBS 284 1 3 — — — (8) — (75) 205 — Non-U.S. and other taxable securities 86 (1) 1 — — — (1) — — 85 — Tax-exempt securities 98 3 — — — — — — (50) 51 3 Total AFS debt securities 468 3 4 — — — (9) — (125) 341 3 Other debt securities carried at fair value – Non-agency residential MBS 260 3 — — — — (14) 32 — 281 3 Loans and leases (5,6) 793 34 — — — 60 (46) 16 — 857 34 Loans held-for-sale (5,6) 220 10 11 38 — — (23) 7 — 263 4 Other assets (6,7) 2,090 (153) 4 55 (144) 23 (100) — — 1,775 (117) Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) — Long-term debt (5) (1,028) (67) 15 2 — (2) 19 — 1 (1,060) (66) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $(9) million and $67 million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (69) $ (1) $ 767 $ (198) $ — $ (117) $ 520 $ (645) $ 2,367 $ (53) Equity securities 190 7 — 28 (15) — (4) 26 (53) 179 (11) Non-U.S. sovereign debt 396 19 20 7 (2) — (15) 50 (5) 470 16 Mortgage trading loans, MBS and ABS 1,527 (178) — 207 (317) — (94) 316 (75) 1,386 (124) Total trading account assets 4,223 (221) 19 1,009 (532) — (230) 912 (778) 4,402 (172) Net derivative assets (liabilities) (4) (2,662) 1,342 — 125 (351) — 344 (179) (301) (1,682) 1,238 AFS debt securities: Non-agency residential MBS 316 2 (22) — (8) — (63) 74 — 299 2 Non-U.S. and other taxable securities 71 3 (9) 126 — — (9) 87 (69) 200 3 Tax-exempt securities 52 — — — — — — — — 52 (1) Total AFS debt securities 439 5 (31) 126 (8) — (72) 161 (69) 551 4 Other debt securities carried at fair value – Non-agency residential MBS 242 (40) — — — — (73) — (17) 112 (5) Loans and leases (5,6) 748 (41) — — (154) — (48) — (249) 256 (34) Loans held-for-sale (5,6) 317 24 5 170 (6) — (173) 8 — 345 18 Other assets (6,7) 1,572 226 (5) — 1 85 (133) 4 — 1,750 193 Trading account liabilities – Corporate securities and other (11) (1) — — — — (2) — — (14) — Accrued expenses and other liabilities (5) — (63) — — — — — — — (63) (64) Long-term debt (5) (1,075) (122) 79 — 14 (1) 17 (6) 282 (812) (125) Six Months Ended June 30, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ 25 $ — $ 426 $ (257) $ — $ (133) $ 458 $ (114) $ 1,764 $ (5) Equity securities 227 22 — 53 (49) — — 78 (71) 260 14 Non-U.S. sovereign debt 354 20 12 2 — — — 26 — 414 23 Mortgage trading loans, MBS and ABS 1,440 39 — 247 (495) 1 (64) 444 (114) 1,498 16 Total trading account assets 3,380 106 12 728 (801) 1 (197) 1,006 (299) 3,936 48 Net derivative assets (liabilities) (4) (3,468) 291 — 349 (349) — 183 (191) 301 (2,884) 192 AFS debt securities: Non-agency residential MBS 378 (15) (94) — — — (25) 36 (75) 205 (2) Non-U.S. and other taxable securities 89 (1) (5) 8 — — (6) — — 85 — Tax-exempt securities 176 17 — — — — — — (142) 51 16 Total AFS debt securities 643 1 (99) 8 — — (31) 36 (217) 341 14 Other debt securities carried at fair value – Non-agency residential MBS 267 2 — — — — (20) 32 — 281 2 Loans and leases (5,6) 717 104 — — — 70 (80) 46 — 857 111 Loans held-for-sale (5,6) 236 4 3 38 — — (40) 26 (4) 263 (5) Other assets (6,7) 1,970 21 8 55 (145) 64 (205) 7 — 1,775 46 Trading account liabilities – Corporate securities and other (16) — — — — (1) — — — (17) 1 Long-term debt (5) (1,164) (18) 2 2 — (2) 37 (32) 115 (1,060) (34) (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; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - primarily market making and similar activities and other income related to MSRs; Accrued expenses and other liabilities - market making and similar activities and other income; 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 (losses) of $71 million and $(5) million related to financial instruments still held at June 30, 2022 and 2021. (4) Net derivative assets (liabilities) include derivative assets of $3.0 billion and $3.3 billion and derivative liabilities of $4.6 billion and $6.2 billion at June 30, 2022 and 2021. (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 June 30, 2022 and December 31, 2021. Quantitative Information about Level 3 Fair Value Measurements at June 30, 2022 (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 $ 806 Discounted cash flow, Market comparables Yield 0% to 25% 7 % Trading account assets – Mortgage trading loans, MBS and ABS 238 Prepayment speed 0% to 33% CPR 14% CPR Loans and leases 157 Default rate 0% to 3% CDR 1% CDR AFS debt securities – Non-agency residential 299 Price $0 to $120 $28 Other debt securities carried at fair value – Non-agency residential 112 Loss severity 0% to 100% 24 % Instruments backed by commercial real estate assets $ 467 Discounted cash Yield 0% to 25% 6 % Trading account assets – Corporate securities, trading loans and other 377 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 73 Loans held-for-sale 17 Commercial loans, debt securities and other $ 4,214 Discounted cash flow, Market comparables Yield 3% to 145% 16 % Trading account assets – Corporate securities, trading loans and other 1,990 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 470 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,075 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $157 $73 AFS debt securities – Non-U.S. and other taxable securities 200 Loans and leases 99 Loans held-for-sale 328 Other assets, primarily auction rate securities $ 787 Discounted cash flow, Market comparables Price $10 to $95 $93 Discount rate 10 % n/a MSRs $ 963 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 5 years Weighted-average life, variable rate (5) 0 to 12 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (812) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 20% to 145% 22 % Equity correlation 0% to 92% 58 % Price $0 to $100 $71 Natural gas forward price $3/MMBtu to $8/MMBtu $5 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (26) Discounted cash flow, Stochastic recovery correlation model Credit spreads 2 to 176 bps 69 bps Upfront points 0 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 19% to 60% 43 % Price $0 to $151 $58 Equity derivatives $ (1,283) Industry standard derivative pricing (3) Equity correlation 4% to 100% 86 % Long-dated equity volatilities 5% to 91% 45 % Commodity derivatives $ (434) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $3/MMBtu to $8/MMBtu $5 /MMBtu Power forward price $17 to $197 $50 Interest rate derivatives $ 61 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 92% 66 % Correlation (FX/IR) 0% to 58% 45 % Long-dated inflation rates (16)% to 39% 1 % Long-dated inflation volatilities 2% to 5% 3 % Interest rate volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (1,682) (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 86: Trading account assets – Corporate securities, trading loans and other of $2.4 billion, Trading account assets – Non-U.S. sovereign debt of $470 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.4 billion, AFS debt securities of $551 million, Other debt securities carried at fair value - Non-agency residential of $112 million, Other assets, including MSRs, of $1.8 billion, Loans and leases of $256 million and LHFS of $345 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 Quantitative Information about Level 3 Fair Value Measurements at December 31, 2021 (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 $ 1,269 Discounted cash Yield 0% to 25% 6 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 1% to 40% CPR 19% CPR Loans and leases 373 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 316 Price $0 to $168 $92 Other debt securities carried at fair value - Non-agency residential 242 Loss severity 0% to 43% 13 % Instruments backed by commercial real estate assets $ 298 Discounted cash Yield 0% to 25% 4 % Trading account assets – Corporate securities, trading loans and other 138 Price $0 to $101 $57 Trading account assets – Mortgage trading loans, MBS and ABS 77 AFS debt securities – Non-U.S. and other taxable securities 71 Loans held-for-sale 12 Commercial loans, debt securities and other $ 4,212 Discounted cash flow, Market comparables Yield 0% to 19% 10 % Trading account assets – Corporate securities, trading loans and other 1,972 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,112 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $189 $73 Loans and leases 375 Long-dated equity volatilities 45% n/a Loans held-for-sale 305 Other assets, primarily auction rate securities $ 754 Discounted cash flow, Market comparables Price $10 to $96 $91 Discount rate 9% n/a MSRs $ 818 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 10 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (1,075) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 0% to 19% 18 % Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Price $0 to $125 $82 Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ (104) Discounted cash flow, Stochastic recovery correlation model Credit spreads 7 to 155 bps 61 bps Upfront points 16 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 20% to 60% 55 % Price $0 to $120 $53 Equity derivatives $ (1,710) Industry standard derivative pricing (3) Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Commodity derivatives $ (976) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Correlation 65% to 85% 76 % Power forward price $11 to $103 $32 Volatilities 41% to 69% 63 % Interest rate derivatives $ 128 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 90% 54 % Correlation (FX/IR) (1)% to 58% 44 % Long-dated inflation rates G (10)% to 11% 3 % Long-dated inflation volatilities 0% to 2% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,662) (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 87: Trading account assets – Corporate securities, trading loans and other of $2.1 billion, Trading account assets – Non-U.S. sovereign debt of $396 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.5 billion, AFS debt securities of $439 million, Other debt securities carried at fair value - Non-agency residential of $242 million, Other assets, including MSRs, of $1.6 billion, Loans and leases of $748 million and LHFS of $317 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 and six months ended June 30, 2022 and 2021. Assets Measured at Fair Value on a Nonrecurring Basis June 30, 2022 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 749 $ 403 $ (31) $ (32) Loans and leases (1) — 124 (21) (33) Foreclosed properties (2, 3) — 3 (2) (1) Other assets 85 48 (23) (41) June 30, 2021 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Assets Loans held-for-sale $ 1,105 $ 52 $ 9 $ 9 Loans and leases (1) — 142 (24) (37) Foreclosed properties (2, 3) — 3 — (1) Other assets 322 2,172 (67) (470) (1) Includes $8 million and $12 million of losses on loans that were written down to a collateral value of zero during the three and six months ended June 30, 2022 compared to losses of $15 million and $18 million for the same periods in 2021. (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 $71 million and $66 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at June 30, 2022 and 2021.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The table below presents information about significant unobservable inputs utilized in the Corporation's nonrecurring Level 3 fair value measurements during the six months ended June 30, 2022 and the year ended December 31, 2021. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Significant Unobservable Ranges of Weighted Average (1) (Dollars in millions) Six Months Ended June 30, 2022 Loans held-for-sale $ 403 Market comparables Price $85 to $100 $91 Loans and leases (2) 124 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 48 Discounted cash flow Discount rate 7 % n/a Year Ended December 31, 2021 Loans and leases (2) $ 213 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % Other assets (4) 1,875 Discounted cash flow Discount rate 7% n/a 166 Market comparables Estimated appraisal value n/a n/a (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) Represents the fair value of certain impaired renewable energy investments. (4) Represents the fair value of certain impaired renewable energy investments and impaired assets related to the Corporation’s real estate rationalization. n/a = not applicable

Fair Value Option (Tables)

Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, 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 and six months ended June 30, 2022 and 2021. Fair Value Option Elections June 30, 2022 December 31, 2021 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 154,287 $ 154,412 $ (125) $ 150,665 $ 150,677 $ (12) Loans reported as trading account assets (1) 11,234 19,087 (7,853) 10,864 18,895 (8,031) Trading inventory – other 18,638 n/a n/a 21,986 n/a n/a Consumer and commercial loans 5,496 5,670 (174) 7,819 7,888 (69) Loans held-for-sale (1) 1,870 2,876 (1,006) 4,455 5,343 (888) Other assets 583 n/a n/a 544 n/a n/a Long-term deposits 444 486 (42) 408 401 7 Federal funds purchased and securities loaned or sold under agreements to repurchase 145,165 145,296 (131) 139,641 139,682 (41) Short-term borrowings 2,931 3,196 (265) 4,279 4,127 152 Unfunded loan commitments 220 n/a n/a 97 n/a n/a Long-term debt 28,375 32,954 (4,579) 29,708 30,903 (1,195) (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. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 2022 2021 (Dollars in millions) Market making Other Total Market making Other Total Loans reported as trading account assets $ (153) $ — $ (153) $ 171 $ — $ 171 Trading inventory – other (1) (2,588) — (2,588) 2,304 — 2,304 Consumer and commercial loans (48) (65) (113) 43 26 69 Loans held-for-sale (2) — (90) (90) — 23 23 Short-term borrowings 3 — 3 61 — 61 Unfunded loan commitments — (81) (81) — (11) (11) Long-term debt (3) 2,363 (9) 2,354 (1,047) (8) (1,055) Other (4) (1) 7 6 (1) (46) (47) Total (5) $ (424) $ (238) $ (662) $ 1,531 $ (16) $ 1,515 Six Months Ended June 30 2022 2021 Loans reported as trading account assets $ (149) $ — $ (149) $ 283 $ — $ 283 Trading inventory – other (1) (2,128) — (2,128) 1,574 — 1,574 Consumer and commercial loans (70) (78) (148) 114 45 159 Loans held-for-sale (2) — (222) (222) — 11 11 Short-term borrowings 562 — 562 474 — 474 Unfunded loan commitments — (88) (88) — (6) (6) Long-term debt (3) 3,487 (20) 3,467 (661) (24) (685) Other (4) (6) 24 18 11 (24) (13) Total (5) $ 1,696 $ (384) $ 1,312 $ 1,795 $ 2 $ 1,797 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) 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 12 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K . (4) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021 are presented in the following table. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) June 30, 2022 Financial assets Loans $ 999,851 $ 50,836 $ 938,695 $ 989,531 Loans held-for-sale 6,654 3,977 2,856 6,833 Financial liabilities Deposits (1) 1,984,349 1,984,126 — 1,984,126 Long-term debt 275,697 270,794 1,044 271,838 Commercial unfunded lending commitments (2) 1,682 157 8,811 8,968 December 31, 2021 Financial assets Loans $ 946,142 $ 53,544 $ 919,980 $ 973,524 Loans held-for-sale 15,635 15,016 627 15,643 Financial liabilities Deposits (1) 2,064,446 2,064,438 — 2,064,438 Long-term debt 280,117 286,802 1,288 288,090 Commercial unfunded lending commitments (2) 1,554 97 6,384 6,481 (1) Includes demand deposits of $947.5 billion and $1.0 trillion with no stated maturities at June 30, 2022 and December 31, 2021. (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)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present net income 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 and six months ended June 30, 2022 and 2021, and total assets at June 30, 2022 and 2021 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the three months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2022 2021 2022 2021 2022 2021 Net interest income $ 12,547 $ 10,343 $ 7,087 $ 5,973 $ 1,802 $ 1,355 Noninterest income 10,244 11,233 2,049 2,213 3,631 3,710 Total revenue, net of interest expense 22,791 21,576 9,136 8,186 5,433 5,065 Provision for credit losses 523 (1,621) 350 (697) 33 (62) Noninterest expense 15,273 15,045 4,959 4,859 3,875 3,813 Income before income taxes 6,995 8,152 3,827 4,024 1,525 1,314 Income tax expense 748 (1,072) 938 986 374 322 Net income $ 6,247 $ 9,224 $ 2,889 $ 3,038 $ 1,151 $ 992 Period-end total assets $ 3,111,606 $ 3,029,894 $ 1,154,366 $ 1,063,650 $ 393,948 $ 378,220 Global Banking Global Markets All Other 2022 2021 2022 2021 2022 2021 Net interest income $ 2,634 $ 1,984 $ 981 $ 990 $ 43 $ 41 Noninterest income 2,372 3,106 3,521 3,730 (1,329) (1,526) Total revenue, net of interest expense 5,006 5,090 4,502 4,720 (1,286) (1,485) Provision for credit losses 157 (831) 8 22 (25) (53) Noninterest expense 2,799 2,599 3,109 3,471 531 303 Income before income taxes 2,050 3,322 1,385 1,227 (1,792) (1,735) Income tax expense 543 897 367 319 (1,474) (3,596) Net income $ 1,507 $ 2,425 $ 1,018 $ 908 $ (318) $ 1,861 Period-end total assets $ 591,490 $ 607,969 $ 835,129 $ 773,714 $ 136,673 $ 206,341 (1) There were no material intersegment revenues. Results of Business Segments and All Other At and for the six months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2022 2021 2022 2021 2022 2021 Net interest income $ 24,225 $ 20,651 $ 13,767 $ 11,893 $ 3,470 $ 2,685 Noninterest income 21,900 23,857 4,182 4,362 7,439 7,351 Total revenue, net of interest expense 46,125 44,508 17,949 16,255 10,909 10,036 Provision for credit losses 553 (3,481) 298 (1,314) (8) (127) Noninterest expense 30,592 30,560 9,880 9,990 7,890 7,682 Income before income taxes 14,980 17,429 7,771 7,579 3,027 2,481 Income tax expense 1,666 155 1,904 1,857 742 608 Net income $ 13,314 $ 17,274 $ 5,867 $ 5,722 $ 2,285 $ 1,873 Period-end total assets $ 3,111,606 $ 3,029,894 $ 1,154,366 $ 1,063,650 $ 393,948 $ 378,220 Global Banking Global Markets All Other 2022 2021 2022 2021 2022 2021 Net interest income $ 4,978 $ 3,964 $ 1,974 $ 1,981 $ 36 $ 128 Noninterest income 5,222 5,758 7,820 8,937 (2,763) (2,551) Total revenue, net of interest expense 10,200 9,722 9,794 10,918 (2,727) (2,423) Provision for credit losses 322 (1,957) 13 17 (72) (100) Noninterest expense 5,482 5,380 6,226 6,898 1,114 610 Income before income taxes 4,396 6,299 3,555 4,003 (3,769) (2,933) Income tax expense 1,165 1,701 942 1,041 (3,087) (5,052) Net income $ 3,231 $ 4,598 $ 2,613 $ 2,962 $ (682) $ 2,119 Period-end total assets $ 591,490 $ 607,969 $ 835,129 $ 773,714 $ 136,673 $ 206,341 (1) There were no material intersegment revenues. The tables below present noninterest income and the associated components for the three and six months ended June 30, 2022 and 2021 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 & Three Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 1,072 $ 1,210 $ 853 $ 945 $ 4 $ 12 Other card income 483 376 467 367 13 9 Total card income 1,555 1,586 1,320 1,312 17 21 Service charges Deposit-related fees 1,417 1,557 679 851 $ 19 18 Lending-related fees 300 317 — — — — Total service charges 1,717 1,874 679 851 19 18 Investment and brokerage services Asset management fees 3,102 3,156 50 45 3,056 3,109 Brokerage fees 989 967 26 33 430 427 Total investment and brokerage services 4,091 4,123 76 78 3,486 3,536 Investment banking fees Underwriting income 435 1,314 — — 41 88 Syndication fees 301 401 — — — — Financial advisory services 392 407 — — — — Total investment banking fees 1,128 2,122 — — 41 88 Total fees and commissions 8,491 9,705 2,075 2,241 3,563 3,663 Market making and similar activities 2,717 1,826 2 — 23 11 Other income (loss) (964) (298) (28) (28) 45 36 Total noninterest income $ 10,244 $ 11,233 $ 2,049 $ 2,213 $ 3,631 $ 3,710 Global Banking Global Markets All Other (1) Three Months Ended June 30 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 194 $ 178 $ 17 $ 73 $ 4 $ 2 Other card income 2 2 — — 1 (2) Total card income $ 196 180 17 73 5 — Service charges Deposit-related fees 688 641 28 45 3 2 Lending-related fees 245 259 55 58 — — Total service charges 933 900 83 103 3 2 Investment and brokerage services Asset management fees — — — — (4) 2 Brokerage fees 13 40 518 474 2 (7) Total investment and brokerage services 13 40 518 474 (2) (5) Investment banking fees Underwriting income 179 587 282 737 (67) (98) Syndication fees 152 210 149 191 — — Financial advisory services 361 376 30 31 1 — Total investment banking fees 692 1,173 461 959 (66) (98) Total fees and commissions 1,834 2,293 1,079 1,609 (60) (101) Market making and similar activities 80 28 2,657 1,964 (45) (177) Other income (loss) 458 785 (215) 157 (1,224) (1,248) Total noninterest income $ 2,372 $ 3,106 $ 3,521 $ 3,730 $ (1,329) $ (1,526) (1) All Other includes eliminations of intercompany transactions. Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 2,007 $ 2,277 $ 1,596 $ 1,781 $ 11 $ 22 Other card income 951 744 909 720 24 18 Total card income 2,958 3,021 2,505 2,501 35 40 Service charges Deposit-related fees 2,947 3,052 1,523 1,682 38 36 Lending-related fees 603 614 — — — — Total service charges 3,550 3,666 1,523 1,682 38 36 Investment and brokerage services Asset management fees 6,388 6,158 102 87 6,290 6,071 Brokerage fees 1,995 2,028 57 68 850 857 Total investment and brokerage services 8,383 8,186 159 155 7,140 6,928 Investment banking fees Underwriting income 1,107 2,860 — — 107 223 Syndication fees 613 701 — — — — Financial advisory services 865 807 — — — — Total investment banking fees 2,585 4,368 — — 107 223 Total fees and commissions 17,476 19,241 4,187 4,338 7,320 7,227 Market making and similar activities 5,955 5,355 2 — 36 22 Other income (loss) (1,531) (739) (7) 24 83 102 Total noninterest income $ 21,900 $ 23,857 $ 4,182 $ 4,362 $ 7,439 $ 7,351 Global Banking Global Markets All Other (1) Six Months Ended June 30 2022 2021 2022 2021 2022 2021 Fees and commissions: Card income Interchange fees $ 369 $ 324 $ 31 $ 150 $ — $ — Other card income 3 6 — — 15 — Total card income 372 330 31 150 15 — Service charges Deposit-related fees 1,325 1,243 56 87 5 4 Lending-related fees 494 504 109 110 — — Total service charges 1,819 1,747 165 197 5 4 Investment and brokerage services Asset management fees — — — — (4) — Brokerage fees 25 81 1,063 1,033 — (11) Total investment and brokerage services 25 81 1,063 1,033 (4) (11) Investment banking fees Underwriting income 454 1,241 684 1,536 (138) (140) Syndication fees 318 371 295 330 — — Financial advisory services 800 733 64 74 1 — Total investment banking fees 1,572 2,345 1,043 1,940 (137) (140) Total fees and commissions 3,788 4,503 2,302 3,320 (121) (147) Market making and similar activities 129 59 5,847 5,434 (59) (160) Other income (loss) 1,305 1,196 (329) 183 (2,583) (2,244) Total noninterest income $ 5,222 $ 5,758 $ 7,820 $ 8,937 $ (2,763) $ (2,551) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2022 2021 2022 2021 Segments’ total revenue, net of interest expense $ 24,077 $ 23,061 $ 48,852 $ 46,931 Adjustments (1) : Asset and liability management activities (65) (154) (132) (44) Liquidating businesses, eliminations and other (1,221) (1,331) (2,595) (2,379) FTE basis adjustment (103) (110) (209) (221) Consolidated revenue, net of interest expense $ 22,688 $ 21,466 $ 45,916 $ 44,287 Segments’ total net income 6,565 7,363 13,996 15,155 Adjustments, net-of-tax (1) : Asset and liability management activities (24) (113) (82) (30) Liquidating businesses, eliminations and other (294) 1,974 (600) 2,149 Consolidated net income $ 6,247 $ 9,224 $ 13,314 $ 17,274 June 30 2022 2021 Segments’ total assets $ 2,974,933 $ 2,823,553 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,179,629 1,250,633 Elimination of segment asset allocations to match liabilities (1,106,832) (1,111,500) Other 63,876 67,208 Consolidated total assets $ 3,111,606 $ 3,029,894 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Net Interest Income and Nonin_3

Net Interest Income and Noninterest Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income
Loans and leases	$ 8,222	$ 7,123	$ 15,574	$ 14,357
Debt securities	4,049	2,820	7,872	5,550
Federal funds sold and securities borrowed or purchased under agreements to resell	396	(42)	389	(49)
Trading account assets	1,223	954	2,304	1,826
Other interest income	1,085	532	1,730	1,098
Total interest income	14,975	11,387	27,869	22,782
Interest expense
Deposits	320	128	484	261
Short-term borrowings	553	(85)	441	(164)
Trading account liabilities	370	293	734	539
Long-term debt	1,288	818	2,194	1,716
Total interest expense	2,531	1,154	3,853	2,352
Net interest income	12,444	10,233	24,016	20,430
Noninterest income
Total fees and commissions	8,491	9,705	17,476	19,241
Market making and similar activities	2,717	1,826	5,955	5,355
Other income (loss)	(964)	(298)	(1,531)	(739)
Total noninterest income	10,244	11,233	21,900	23,857
Rewards, rebates and compensation expense	2,200	1,700	4,200	3,100
Card income
Noninterest income
Card income and service charges	1,555	1,586	2,958	3,021
Interchange fees
Noninterest income
Card income and service charges	1,072	1,210	2,007	2,277
Other card income
Noninterest income
Card income and service charges	483	376	951	744
Card Income, Interchange Fees and Merchant Income
Noninterest income
Interchange fees, gross and merchant income	3,300	2,900	6,200	5,400
Service charges
Noninterest income
Card income and service charges	1,717	1,874	3,550	3,666
Deposit-related fees
Noninterest income
Card income and service charges	1,417	1,557	2,947	3,052
Lending-related fees
Noninterest income
Card income and service charges	300	317	603	614
Investment and brokerage services
Noninterest income
Investment and brokerage services	4,091	4,123	8,383	8,186
Asset management fees
Noninterest income
Investment and brokerage services	3,102	3,156	6,388	6,158
Brokerage fees
Noninterest income
Investment and brokerage services	989	967	1,995	2,028
Total investment banking fees
Noninterest income
Investment banking fees	1,128	2,122	2,585	4,368
Underwriting income
Noninterest income
Investment banking fees	435	1,314	1,107	2,860
Syndication fees
Noninterest income
Investment banking fees	301	401	613	701
Financial advisory services
Noninterest income
Investment banking fees	$ 392	$ 407	$ 865	$ 807

Derivatives - Derivative Balanc

Derivatives - Derivative Balances (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Gross Derivative Assets
Gross Derivative Assets	$ 408,700	$ 348,400
Less: Legally enforceable master netting agreements	(310,900)	(282,300)
Less: Cash collateral received/paid	(35,800)	(30,800)
Derivative assets	62,047	35,344
Gross Derivative Liabilities
Gross Derivative Liabilities	389,500	355,500
Less: Legally enforceable master netting agreements	(310,900)	(282,300)
Less: Cash collateral received/paid	(40,200)	(35,500)
Derivative liabilities	38,425	37,675
Interest Rate Swap
Maximum Payout/Notional
Contract/Notional	23,920,000	18,068,100
Gross Derivative Assets
Gross Derivative Assets	140,100	159,400
Gross Derivative Liabilities
Gross Derivative Liabilities	139,700	160,800
Interest Rate Futures and Forwards
Maximum Payout/Notional
Contract/Notional	3,740,500	2,243,200
Gross Derivative Assets
Gross Derivative Assets	6,500	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	5,500	1,000
Interest Rate Options | Written options
Maximum Payout/Notional
Contract/Notional	1,701,300	1,616,100
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	37,100	28,800
Interest Rate Options | Purchased options
Maximum Payout/Notional
Contract/Notional	1,597,600	1,673,600
Gross Derivative Assets
Gross Derivative Assets	39,600	33,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Foreign Exchange Swaps
Maximum Payout/Notional
Contract/Notional	1,449,700	1,420,900
Gross Derivative Assets
Gross Derivative Assets	41,700	28,800
Gross Derivative Liabilities
Gross Derivative Liabilities	40,700	30,700
Foreign Exchange Spot, Futures, and Forwards
Maximum Payout/Notional
Contract/Notional	4,590,500	4,087,200
Gross Derivative Assets
Gross Derivative Assets	65,900	37,400
Gross Derivative Liabilities
Gross Derivative Liabilities	66,300	37,900
Foreign Exchange Options | Written options
Maximum Payout/Notional
Contract/Notional	440,400	287,200
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	8,400	4,100
Foreign Exchange Options | Purchased options
Maximum Payout/Notional
Contract/Notional	405,400	267,600
Gross Derivative Assets
Gross Derivative Assets	9,100	4,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Equity Swaps
Maximum Payout/Notional
Contract/Notional	381,600	443,800
Gross Derivative Assets
Gross Derivative Assets	18,500	12,300
Gross Derivative Liabilities
Gross Derivative Liabilities	15,500	14,500
Equity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	102,900	113,300
Gross Derivative Assets
Gross Derivative Assets	4,100	500
Gross Derivative Liabilities
Gross Derivative Liabilities	1,100	1,700
Equity Options | Written options
Maximum Payout/Notional
Contract/Notional	774,100	737,700
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	49,000	58,500
Equity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	693,100	657,000
Gross Derivative Assets
Gross Derivative Assets	53,000	55,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Commodity Swaps
Maximum Payout/Notional
Contract/Notional	61,300	47,700
Gross Derivative Assets
Gross Derivative Assets	8,800	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	7,900	6,000
Commodity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	166,700	101,500
Gross Derivative Assets
Gross Derivative Assets	3,500	2,300
Gross Derivative Liabilities
Gross Derivative Liabilities	3,400	1,400
Commodity Options | Written options
Maximum Payout/Notional
Contract/Notional	69,600	44,400
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	5,100	2,600
Commodity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	57,500	38,300
Gross Derivative Assets
Gross Derivative Assets	6,200	3,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Credit default swaps: | Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	354,100	297,000
Gross Derivative Assets
Gross Derivative Assets	5,800	1,900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	4,300
Credit default swaps: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	340,200	279,794
Gross Derivative Assets
Gross Derivative Assets	1,300	4,200
Gross Derivative Liabilities
Gross Derivative Liabilities	4,600	1,639
Total return swaps/options: | Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	101,900	85,300
Gross Derivative Assets
Gross Derivative Assets	1,000	200
Gross Derivative Liabilities
Gross Derivative Liabilities	2,400	1,100
Total return swaps/options: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	112,148	85,251
Gross Derivative Assets
Gross Derivative Assets	3,600	900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,208	544
Credit derivatives | Purchased credit derivatives:
Gross Derivative Liabilities
Fair value asset (liability), with identical underlying referenced names and terms	(3,200)	2,300
Notional amount, with identical underlying referenced names and terms	320,500	258,400
Credit derivatives | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	452,348	365,045
Gross Derivative Liabilities
Gross Derivative Liabilities	5,808	2,183
Trading and Other Risk Management Derivatives
Gross Derivative Assets
Gross Derivative Assets	393,800	339,000
Gross Derivative Liabilities
Gross Derivative Liabilities	365,400	349,600
Trading and Other Risk Management Derivatives | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	126,300	150,500
Gross Derivative Liabilities
Gross Derivative Liabilities	116,200	156,400
Trading and Other Risk Management Derivatives | Interest Rate Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	6,500	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	5,500	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	37,100	28,800
Trading and Other Risk Management Derivatives | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	39,600	33,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	41,300	28,600
Gross Derivative Liabilities
Gross Derivative Liabilities	40,400	30,500
Trading and Other Risk Management Derivatives | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	65,200	37,100
Gross Derivative Liabilities
Gross Derivative Liabilities	66,300	37,700
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	8,400	4,100
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	9,100	4,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	18,500	12,300
Gross Derivative Liabilities
Gross Derivative Liabilities	15,500	14,500
Trading and Other Risk Management Derivatives | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	4,100	500
Gross Derivative Liabilities
Gross Derivative Liabilities	1,100	1,700
Trading and Other Risk Management Derivatives | Equity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	49,000	58,500
Trading and Other Risk Management Derivatives | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	53,000	55,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	8,800	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	7,900	6,000
Trading and Other Risk Management Derivatives | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	3,500	2,300
Gross Derivative Liabilities
Gross Derivative Liabilities	3,100	300
Trading and Other Risk Management Derivatives | Commodity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	5,100	2,600
Trading and Other Risk Management Derivatives | Commodity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	6,200	3,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Credit default swaps: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	5,800	1,900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	4,300
Trading and Other Risk Management Derivatives | Credit default swaps: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,300	4,200
Gross Derivative Liabilities
Gross Derivative Liabilities	4,600	1,600
Trading and Other Risk Management Derivatives | Total return swaps/options: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,000	200
Gross Derivative Liabilities
Gross Derivative Liabilities	2,400	1,100
Trading and Other Risk Management Derivatives | Total return swaps/options: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	3,600	900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,200	500
Qualifying Accounting Hedges
Gross Derivative Assets
Gross Derivative Assets	14,900	9,400
Gross Derivative Liabilities
Gross Derivative Liabilities	24,100	5,900
Qualifying Accounting Hedges | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	13,800	8,900
Gross Derivative Liabilities
Gross Derivative Liabilities	23,500	4,400
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	400	200
Gross Derivative Liabilities
Gross Derivative Liabilities	300	200
Qualifying Accounting Hedges | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	700	300
Gross Derivative Liabilities
Gross Derivative Liabilities	0	200
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	0	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	300	1,100
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 swaps: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Credit default swaps: | 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	Jun. 30, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Derivative assets, after netting	$ 58,500	$ 32,100
Other gross derivative assets	3,500	3,200
Derivative assets	62,047	35,344
Less: Financial instruments collateral	(22,300)	(11,800)
Total net derivative assets	39,700	23,500
Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	308,900	279,700
Less: Legally enforceable master netting agreements and cash collateral received/paid	(259,500)	(250,300)
Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	47,700	39,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(39,700)	(37,800)
Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	48,600	25,600
Less: Legally enforceable master netting agreements and cash collateral received/paid	(47,500)	(25,000)
Interest rate contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	140,600	171,300
Interest rate contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	600	200
Interest rate contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	45,900	22,600
Foreign exchange contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	112,500	67,900
Foreign exchange contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	1,600	1,100
Equity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	31,000	29,200
Equity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	43,900	38,300
Commodity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	14,100	6,100
Commodity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	3,200	1,400
Commodity contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	300	100
Credit derivatives | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	10,700	5,200
Credit derivatives | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	$ 800	$ 1,800

Derivatives - Offsetting Liabil

Derivatives - Offsetting Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Derivative liabilities, after netting	$ 33,200	$ 30,000
Other gross derivative liabilities	5,200	7,700
Derivative liabilities	38,425	37,675
Less: Financial instruments collateral	(6,400)	(10,600)
Total net derivative liabilities	32,000	27,100
Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	294,900	282,600
Less: Legally enforceable master netting agreements and cash collateral received/paid	(263,700)	(254,600)
Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	41,300	39,700
Less: Legally enforceable master netting agreements and cash collateral received/paid	(39,700)	(37,800)
Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	48,100	25,500
Less: Legally enforceable master netting agreements and cash collateral received/paid	(47,700)	(25,400)
Interest rate contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	135,000	166,300
Interest rate contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	100	0
Interest rate contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	45,500	22,500
Foreign exchange contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	112,400	70,500
Foreign exchange contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	1,400	1,100
Equity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	25,800	32,900
Equity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	38,400	38,400
Commodity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	12,800	7,600
Commodity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	2,800	1,300
Commodity contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	300	100
Credit derivatives | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	8,900	5,300
Credit derivatives | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	$ 900	$ 1,800

Derivatives - Gains and Losses

Derivatives - Gains and Losses on Derivatives Designated as Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (2,490)	$ 1,626	$ (3,948)	$ (1,224)
Hedged Item	2,425	(1,634)	3,984	1,244
Interest rate risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(7,989)	3,484	(19,023)	(4,579)
Hedged Item	7,974	(3,454)	19,193	4,548
Interest rate and foreign currency risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(51)	5	(60)	(23)
Hedged Item	51	(5)	59	21
Interest rate and foreign currency risk on long-term debt | Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(13)	(17)	(34)	(51)
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	(39)	23	(25)	31
Interest rate risk on AFS securities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	5,550	(1,863)	15,135	3,378
Hedged Item	(5,600)	1,825	(15,268)	(3,325)
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	$ 1	$ (1)	$ (1)	$ (3)

Derivatives - Designated Fair V

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 183,885	$ 181,745
Hedged liability, long-term debt, cumulative fair value adjustments	(14,071)	3,987
Amortized cost basis of portfolios used in hedging relationships	25,800	21,100
Hedged asset, fair value edge, last-of-layer, amount	10,900	6,900
Cumulative basis adjustments, hedging relationships	(114)	(172)
Total AFS debt securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	210,017	209,038
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(12,317)	(2,294)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	10,326	2,067
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	5	32
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	431	1,500
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (5,600)	$ (1,000)

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Shareholders’ equity	$ 269,118	$ 266,617	$ 270,066	$ 277,119	$ 274,000	$ 272,924
Net income (loss) in AOCI expected to be reclassified, after tax	(2,500)
Net income (loss) in AOCI expected to be reclassified	$ (3,300)
Terminated cash flow hedges, forecasted transaction hedging period	3 years
Terminated cash flow hedges, maximum forecasted transaction hedging period	14 years
Bank of America, N.A.
Derivative [Line Items]
Collateral not yet posted	$ 1,600
Credit derivatives
Derivative [Line Items]
Cash and securities held as collateral	107,300		91,400
Cash and securities collateral posted	81,400		79,300
Collateral not yet posted	3,000
Foreign Mortgage-backed Securities and Foreign Securities
Derivative [Line Items]
Transfer of mortgage-backed securities to third-party trust	4,800		4,800
Gross cash proceeds from transfer of securities	4,800		4,800
Fair value of derecognized assets	4,900		$ 5,000
Derivatives
Derivative [Line Items]
Shareholders’ equity	(9,100)
Pretax income (loss) in accumulated OCI	$ (12,100)

Derivatives - Derivatives Desig

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Losses excluded from effectiveness testing and recognized in other income	$ 73	$ 48	$ 147	$ 50
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,730)	608	(9,621)	(818)
Gains (Losses) in Income Reclassified from Accumulated OCI	(56)	56	(49)	114
Interest rate risk on variable-rate assets | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,624)	481	(9,398)	(576)
Gains (Losses) in Income Reclassified from Accumulated OCI	(73)	36	(81)	73
Price risk on forecasted MBS purchases | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(39)	92	(129)	(301)
Gains (Losses) in Income Reclassified from Accumulated OCI	10	6	13	15
Price risk on certain compensation plans | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(67)	35	(94)	59
Gains (Losses) in Income Reclassified from Accumulated OCI	7	14	19	26
Foreign exchange contracts | Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	1,579	(224)	1,798	503
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 0	$ 0	$ 0

Derivatives - Other Risk Manage

Derivatives - Other Risk Management Derivatives (Details) - Other income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest rate risk on mortgage activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (110)	$ 112	$ (257)	$ (59)
Credit risk on loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	16	(14)	13	(31)
Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	4,303	(318)	5,613	943
Price risk on deferred compensation hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (756)	$ 318	$ (1,091)	$ 598

Derivatives - Sales and Trading

Derivatives - Sales and Trading Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 2,717	$ 1,826	$ 5,955	$ 5,355
Brokerage commissions and asset management fee revenue | Global Markets
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	504	462	1,000	1,000
Trading Derivatives and Securities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	4,051	3,502	8,677	8,507
Trading Derivatives and Securities | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,656	1,963	5,846	5,433
Trading Derivatives and Securities | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	750	854	1,568	1,680
Trading Derivatives and Securities | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	645	685	1,263	1,394
Trading Derivatives and Securities | Interest rate risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,070	547	2,180	1,439
Trading Derivatives and Securities | Interest rate risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	491	44	1,080	416
Trading Derivatives and Securities | Interest rate risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	497	463	949	926
Trading Derivatives and Securities | Interest rate risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	82	40	151	97
Trading Derivatives and Securities | Foreign exchange risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	496	310	987	702
Trading Derivatives and Securities | Foreign exchange risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	503	330	1,010	736
Trading Derivatives and Securities | Foreign exchange risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(9)	(22)	(26)	(40)
Trading Derivatives and Securities | Foreign exchange risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2	2	3	6
Trading Derivatives and Securities | Equity risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,630	1,619	3,635	3,452
Trading Derivatives and Securities | Equity risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,378	1,178	2,942	2,460
Trading Derivatives and Securities | Equity risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(235)	(1)	(295)	35
Trading Derivatives and Securities | Equity risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	487	442	988	957
Trading Derivatives and Securities | Credit risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	656	1,034	1,385	2,313
Trading Derivatives and Securities | Credit risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	71	435	310	1,237
Trading Derivatives and Securities | Credit risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	539	424	1,015	787
Trading Derivatives and Securities | Credit risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	46	175	60	289
Trading Derivatives and Securities | Other risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	199	(8)	490	601
Trading Derivatives and Securities | Other risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	213	(24)	504	584
Trading Derivatives and Securities | Other risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(42)	(10)	(75)	(28)
Trading Derivatives and Securities | Other risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 28	$ 26	$ 61	$ 45

Derivatives - Credit Derivative

Derivatives - Credit Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Carrying Value of Credit Derivatives
Total	$ 389,500	$ 355,500
Carrying Value of Credit-related Notes
Less than One Year	0	5
One to Three Years	3	0
Three to Five Years	6	45
Over Five Years	1,620	1,746
Total	1,629	1,796
Credit derivatives | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	1,050	174
One to Three Years	1,398	643
Three to Five Years	2,287	548
Over Five Years	1,073	818
Total	5,808	2,183
Maximum Payout/Notional
Less than One Year	150,006	122,869
One to Three Years	107,226	107,778
Three to Five Years	168,873	108,520
Over Five Years	26,243	25,878
Total	452,348	365,045
Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	264	34
One to Three Years	1,041	255
Three to Five Years	2,227	532
Over Five Years	1,068	818
Total	4,600	1,639
Maximum Payout/Notional
Less than One Year	50,681	50,622
One to Three Years	96,580	95,567
Three to Five Years	167,432	107,800
Over Five Years	25,507	25,805
Total	340,200	279,794
Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	786	140
One to Three Years	357	388
Three to Five Years	60	16
Over Five Years	5	0
Total	1,208	544
Maximum Payout/Notional
Less than One Year	99,325	72,247
One to Three Years	10,646	12,211
Three to Five Years	1,441	720
Over Five Years	736	73
Total	112,148	85,251
Investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	0	0
Three to Five Years	0	36
Over Five Years	572	412
Total	572	448
Investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	12	0
One to Three Years	117	5
Three to Five Years	495	79
Over Five Years	166	49
Total	790	133
Maximum Payout/Notional
Less than One Year	34,468	34,503
One to Three Years	66,032	66,334
Three to Five Years	113,893	73,444
Over Five Years	17,731	17,844
Total	232,124	192,125
Investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	215	35
One to Three Years	354	388
Three to Five Years	0	0
Over Five Years	0	0
Total	569	423
Maximum Payout/Notional
Less than One Year	62,511	49,626
One to Three Years	10,007	11,494
Three to Five Years	0	78
Over Five Years	0	0
Total	72,518	61,198
Non-investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	5
One to Three Years	3	0
Three to Five Years	6	9
Over Five Years	1,048	1,334
Total	1,057	1,348
Non-investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	252	34
One to Three Years	924	250
Three to Five Years	1,732	453
Over Five Years	902	769
Total	3,810	1,506
Maximum Payout/Notional
Less than One Year	16,213	16,119
One to Three Years	30,548	29,233
Three to Five Years	53,539	34,356
Over Five Years	7,776	7,961
Total	108,076	87,669
Non-investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	571	105
One to Three Years	3	0
Three to Five Years	60	16
Over Five Years	5	0
Total	639	121
Maximum Payout/Notional
Less than One Year	36,814	22,621
One to Three Years	639	717
Three to Five Years	1,441	642
Over Five Years	736	73
Total	$ 39,630	$ 24,053

Derivatives - Credit-related Co

Derivatives - Credit-related Contingent Features and Collateral (Details) $ in Millions	Jun. 30, 2022 USD ($)
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	$ 566
Additional collateral required to be posted upon downgrade, second incremental notch	1,030
Credit derivatives
Derivative [Line Items]
Derivative liability subject to unilateral termination upon downgrade, one incremental notch	14
Derivative liability subject to unilateral termination upon downgrade, second incremental notch	778
Collateral posted subject to unilateral termination upon downgrade, one incremental notch	5
Collateral posted subject to unilateral termination upon downgrade, second incremental notch	528
Bank of America, N.A.
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	184
Additional collateral required to be posted upon downgrade, second incremental notch	$ 754

Derivatives - Valuation Adjustm

Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Valuation Gain Loss on Derivatives, Gross [Abstract]
Derivative assets (CVA)	$ (114)	$ 3	$ (173)	$ 158
Derivative assets/liabilities (FVA)	45	(33)	80	15
Derivative liabilities (DVA)	220	$ (31)	341	$ (8)
Cumulative credit valuation adjustment	611		611		$ 438
Cumulative funding valuation adjustment	99		99		179
Cumulative debit valuation adjustment	$ 653		$ 653		$ 312

Securities - Debt Securities (D

Securities - Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale debt securities
Amortized Cost	$ 269,955	$ 295,892
Gross Unrealized Gains	786	3,969
Gross Unrealized Losses	(4,487)	(683)
Fair Value	266,254	299,178
Other Debt Securities, Carried at Fair Value:
Amortized Cost	8,645	8,873
Gross Unrealized Gains	41	105
Gross Unrealized Losses	(275)	(83)
Fair Value	8,411	8,895
Debt securities carried at fair value:
Amortized Cost	278,600	304,765
Gross Unrealized Gains	827	4,074
Gross Unrealized Losses	(4,762)	(766)
Fair Value	274,665	308,073
Held-to-maturity Securities:
Amortized Cost	658,284	674,591
Gross Unrealized Gains	22	4,256
Gross Unrealized Losses	(82,764)	(12,957)
Fair Value	575,542	665,890
Debt securities:
Amortized Cost	936,884	979,356
Gross Unrealized Gains	849	8,330
Gross Unrealized Losses	(87,526)	(13,723)
Fair Value	850,207	973,963
Securities, pledged as collateral	97,000	111,900
FNMA
Debt securities carried at fair value:
Amortized Cost	310,200	345,300
Fair Value	270,600	342,500
FHLMC
Debt securities carried at fair value:
Amortized Cost	187,800	205,300
Fair Value	162,800	202,400
Mortgage-backed securities
Available-for-sale debt securities
Amortized Cost	46,255	68,226
Gross Unrealized Gains	196	2,003
Gross Unrealized Losses	(2,123)	(323)
Fair Value	44,328	69,906
Debt securities carried at fair value:
Fair Value	44,749
Agency
Available-for-sale debt securities
Amortized Cost	29,999	45,268
Gross Unrealized Gains	46	1,257
Gross Unrealized Losses	(1,320)	(186)
Fair Value	28,725	46,339
Debt securities carried at fair value:
Fair Value	28,725
Held-to-maturity Securities:
Amortized Cost	528,297	553,721
Gross Unrealized Gains	21	3,855
Gross Unrealized Losses	(67,193)	(10,366)
Fair Value	461,125	547,210
Agency-collateralized mortgage obligations
Available-for-sale debt securities
Amortized Cost	2,741	3,331
Gross Unrealized Gains	4	74
Gross Unrealized Losses	(132)	(25)
Fair Value	2,613	3,380
Debt securities carried at fair value:
Fair Value	2,613
Commercial
Available-for-sale debt securities
Amortized Cost	13,038	19,036
Gross Unrealized Gains	130	647
Gross Unrealized Losses	(608)	(79)
Fair Value	12,560	19,604
Debt securities carried at fair value:
Fair Value	12,572
Non-agency residential
Available-for-sale debt securities
Amortized Cost	477	591
Gross Unrealized Gains	16	25
Gross Unrealized Losses	(63)	(33)
Fair Value	430	$ 583
Debt securities carried at fair value:
Fair Value	$ 839
Non-agency residential | Prime
Debt securities:
Available-for-sale securities, percent held by rating	17%	21%
Non-agency residential | Subprime
Debt securities:
Available-for-sale securities, percent held by rating	83%	79%
U.S. Treasury and government agencies
Available-for-sale debt securities
Amortized Cost	$ 195,527	$ 197,853
Gross Unrealized Gains	540	1,610
Gross Unrealized Losses	(2,012)	(318)
Fair Value	194,055	199,145
Debt securities carried at fair value:
Fair Value	194,245
Held-to-maturity Securities:
Amortized Cost	121,574	111,859
Gross Unrealized Gains	0	254
Gross Unrealized Losses	(14,896)	(2,395)
Fair Value	106,678	109,718
Non-U.S. securities
Available-for-sale debt securities
Amortized Cost	11,879	11,933
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(43)	0
Fair Value	11,836	11,933
Debt securities carried at fair value:
Fair Value	19,634
Other taxable securities
Available-for-sale debt securities
Amortized Cost	3,318	2,725
Gross Unrealized Gains	6	39
Gross Unrealized Losses	(54)	(3)
Fair Value	3,270	2,761
Debt securities carried at fair value:
Fair Value	3,272
Held-to-maturity Securities:
Amortized Cost	8,413	9,011
Gross Unrealized Gains	1	147
Gross Unrealized Losses	(675)	(196)
Fair Value	7,739	8,962
Tax-exempt securities
Available-for-sale debt securities
Amortized Cost	12,976	15,155
Gross Unrealized Gains	44	317
Gross Unrealized Losses	(255)	(39)
Fair Value	12,765	$ 15,433
Debt securities carried at fair value:
Fair Value	$ 12,765

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 266,254	$ 266,254		$ 299,178
Net realized gains	16	22	$ 0
Gross realized gains	666	702
Gross realized losses	650	680
Other assets
Debt Securities, Available-for-sale [Line Items]
Equity securities, fair value	519	519		513
Equity securities, cost	310	310		266
Time Deposits Placed and Other Short-term Investments
Debt Securities, Available-for-sale [Line Items]
Time deposits placed and other short-term investments	774	774		707
Debt securities
Debt Securities, Available-for-sale [Line Items]
Accumulated net unrealized loss on AFS debt securities	2,800	2,800
Accumulated other comprehensive income benefit	906	906
U.S. Agency And U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	238,000	238,000		268,500
All Non U.S. Agency And Non U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 28,300	$ 28,300		$ 30,700

Securities - AFS Debt Securitie

Securities - AFS Debt Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value
Less than Twelve Months	$ 201,065	$ 120,661
Twelve Months or Longer	21,385	6,928
Total	222,450	127,589
Gross Unrealized Losses
Less than Twelve Months	(3,777)	(530)
Twelve Months or Longer	(710)	(153)
Total	(4,487)	(683)
Mortgage-backed securities
Fair Value
Less than Twelve Months	35,369	16,852
Twelve Months or Longer	1,832	1,887
Total	37,201	18,739
Gross Unrealized Losses
Less than Twelve Months	(1,915)	(242)
Twelve Months or Longer	(208)	(81)
Total	(2,123)	(323)
Agency
Fair Value
Less than Twelve Months	24,891	11,733
Twelve Months or Longer	859	815
Total	25,750	12,548
Gross Unrealized Losses
Less than Twelve Months	(1,239)	(166)
Twelve Months or Longer	(81)	(20)
Total	(1,320)	(186)
Agency-collateralized mortgage obligations
Fair Value
Less than Twelve Months	2,289	1,427
Twelve Months or Longer	65	122
Total	2,354	1,549
Gross Unrealized Losses
Less than Twelve Months	(130)	(22)
Twelve Months or Longer	(2)	(3)
Total	(132)	(25)
Commercial
Fair Value
Less than Twelve Months	7,887	3,451
Twelve Months or Longer	806	776
Total	8,693	4,227
Gross Unrealized Losses
Less than Twelve Months	(496)	(41)
Twelve Months or Longer	(112)	(38)
Total	(608)	(79)
Non-agency residential
Fair Value
Less than Twelve Months	302	241
Twelve Months or Longer	102	174
Total	404	415
Gross Unrealized Losses
Less than Twelve Months	(50)	(13)
Twelve Months or Longer	(13)	(20)
Total	(63)	(33)
U.S. Treasury and government agencies
Fair Value
Less than Twelve Months	152,855	103,307
Twelve Months or Longer	15,518	4,850
Total	168,373	108,157
Gross Unrealized Losses
Less than Twelve Months	(1,674)	(272)
Twelve Months or Longer	(338)	(46)
Total	(2,012)	(318)
Non-U.S. securities
Fair Value
Less than Twelve Months	9,949
Twelve Months or Longer	742
Total	10,691
Gross Unrealized Losses
Less than Twelve Months	(25)
Twelve Months or Longer	(18)
Total	(43)
Other taxable securities
Fair Value
Less than Twelve Months	2,024	0
Twelve Months or Longer	499	82
Total	2,523	82
Gross Unrealized Losses
Less than Twelve Months	(16)	0
Twelve Months or Longer	(38)	(3)
Total	(54)	(3)
Tax-exempt securities
Fair Value
Less than Twelve Months	868	502
Twelve Months or Longer	2,794	109
Total	3,662	611
Gross Unrealized Losses
Less than Twelve Months	(147)	(16)
Twelve Months or Longer	(108)	(23)
Total	$ (255)	$ (39)

Securities - Maturities of Debt

Securities - Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 39
Due in one year or less, yield	8.65%
Due after one year through five years, amount	$ 5,608
Due after one year through five years, yield	1.88%
Due after five years through ten years, amount	$ 117,497
Due after five years though ten years, yield	1.37%
Due after ten years, amount	$ 535,140
Due after ten years, yield	2.13%
Amortized cost	$ 658,284	$ 674,591
Total, yield	1.99%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Fair Value	$ 274,665	308,073
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in one year or less, amount	39
Due after one year through five years, amount	5,327
Due after five years though ten years, amount	102,818
Due after ten years, amount	467,358
Held-to-maturity, fair value	575,542	665,890
Debt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 32,577
Due in one year or less, yield	1.11%
Due after one year through five years, amount	$ 73,843
Due after one year through five years, yield	2.12%
Due after five years through ten years, amount	$ 132,153
Due after five years through ten years, yield	1.64%
Due after ten years, amount	$ 40,027
Due after ten years, yield	3.17%
Total, amount	$ 278,600
Total, yield	1.93%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 32,442
Due after one year through five years, amount	73,808
Due after five years though ten years, amount	130,229
Due after ten years, amount	38,186
Fair Value	274,665
Mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 74
Due in one year or less, yield	2.38%
Due after one year through five years, amount	$ 3,585
Due after one year through five years, yield	2.64%
Due after five years through ten years, amount	$ 7,574
Due after five years through ten years, yield	1.84%
Due after ten years, amount	$ 35,445
Due after ten years, yield	3.30%
Total, amount	$ 46,678
Total, yield	3.01%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 74
Due after one year through five years, amount	3,627
Due after five years though ten years, amount	7,225
Due after ten years, amount	33,823
Fair Value	44,749
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%
Due after one year through five years, amount	$ 5
Due after one year through five years, yield	5.40%
Due after five years through ten years, amount	$ 47
Due after five years through ten years, yield	4.55%
Due after ten years, amount	$ 29,947
Due after ten years, yield	3.29%
Total, amount	$ 29,999
Total, yield	3.29%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 15
Due after five years though ten years, yield	2.60%
Due after ten years, amount	$ 528,282
Due after ten years, yield	2.13%
Amortized cost	$ 528,297	553,721
Total, yield	2.13%
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	5
Due after five years though ten years, amount	48
Due after ten years, amount	28,672
Fair Value	28,725
Held-to-maturity Securities, Debt Maturities, Fair Value [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	14
Due after ten years, amount	461,111
Held-to-maturity, fair value	461,125	547,210
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%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 18
Due after five years through ten years, yield	2.56%
Due after ten years, amount	$ 2,723
Due after ten years, yield	2.91%
Total, amount	$ 2,741
Total, yield	2.91%
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	18
Due after ten years, amount	2,595
Fair Value	2,613
Commercial
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 74
Due in one year or less, yield	2.38%
Due after one year through five years, amount	$ 3,580
Due after one year through five years, yield	2.64%
Due after five years through ten years, amount	$ 7,509
Due after five years through ten years, yield	1.82%
Due after ten years, amount	$ 1,888
Due after ten years, yield	2.12%
Total, amount	$ 13,051
Total, yield	2.09%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 74
Due after one year through five years, amount	3,619
Due after five years though ten years, amount	7,159
Due after ten years, amount	1,720
Fair Value	12,572
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%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 0
Due after five years through ten years, yield	0%
Due after ten years, amount	$ 887
Due after ten years, yield	7.33%
Total, amount	$ 887
Total, yield	7.33%
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	3
Due after five years though ten years, amount	0
Due after ten years, amount	836
Fair Value	839
U.S. Treasury and government agencies
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 12,918
Due in one year or less, yield	1.50%
Due after one year through five years, amount	$ 61,277
Due after one year through five years, yield	2.02%
Due after five years through ten years, amount	$ 121,490
Due after five years through ten years, yield	1.61%
Due after ten years, amount	$ 32
Due after ten years, yield	2.91%
Total, amount	$ 195,717
Total, yield	1.73%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 4,534
Due after one year through five years, yield	1.80%
Due after five years through ten years, amount	$ 117,040
Due after five years though ten years, yield	1.37%
Due after ten years, amount	$ 0
Due after ten years, yield	0%
Amortized cost	$ 121,574	111,859
Total, yield	1.39%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 13,032
Due after one year through five years, amount	61,242
Due after five years though ten years, amount	119,940
Due after ten years, amount	31
Fair Value	194,245
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in one year or less, amount	0
Due after one year through five years, amount	4,297
Due after five years though ten years, amount	102,381
Due after ten years, amount	0
Held-to-maturity, fair value	106,678	109,718
Non-U.S. securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 17,748
Due in one year or less, yield	0.71%
Due after one year through five years, amount	$ 2,030
Due after one year through five years, yield	4.28%
Due after five years through ten years, amount	$ 3
Due after five years through ten years, yield	6.03%
Due after ten years, amount	$ 130
Due after ten years, yield	4.03%
Total, amount	$ 19,911
Total, yield	1.10%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 17,500
Due after one year through five years, amount	2,000
Due after five years though ten years, amount	3
Due after ten years, amount	131
Fair Value	19,634
Other taxable securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 899
Due in one year or less, yield	3.02%
Due after one year through five years, amount	$ 1,834
Due after one year through five years, yield	2.61%
Due after five years through ten years, amount	$ 286
Due after five years through ten years, yield	3.22%
Due after ten years, amount	$ 299
Due after ten years, yield	3.01%
Total, amount	$ 3,318
Total, yield	2.81%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 39
Due in one year or less, yield	8.65%
Due after one year through five years, amount	$ 1,074
Due after one year through five years, yield	2.24%
Due after five years through ten years, amount	$ 442
Due after five years though ten years, yield	2.98%
Due after ten years, amount	$ 6,858
Due after ten years, yield	2.49%
Amortized cost	$ 8,413	9,011
Total, yield	2.51%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 896
Due after one year through five years, amount	1,827
Due after five years though ten years, amount	282
Due after ten years, amount	267
Fair Value	3,272
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in one year or less, amount	39
Due after one year through five years, amount	1,030
Due after five years though ten years, amount	423
Due after ten years, amount	6,247
Held-to-maturity, fair value	7,739	$ 8,962
Tax-exempt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 938
Due in one year or less, yield	1.21%
Due after one year through five years, amount	$ 5,117
Due after one year through five years, yield	1.93%
Due after five years through ten years, amount	$ 2,800
Due after five years through ten years, yield	2.42%
Due after ten years, amount	$ 4,121
Due after ten years, yield	2.01%
Total, amount	$ 12,976
Total, yield	2.01%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 940
Due after one year through five years, amount	5,112
Due after five years though ten years, amount	2,779
Due after ten years, amount	3,934
Fair Value	$ 12,765

Outstanding Loans and Leases _3

Outstanding Loans and Leases and Allowance for Credit Losses - Past Due (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,030,766	$ 979,124
Percentage of outstandings, total outstanding	100%	100%
Loans and leases, measured at fair value	$ 5,496	$ 7,819
Loans and leases, pledged as collateral	13,100	13,000
Loans pledged to secure borrowings	164,100	146,600
Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 5,496	$ 7,819
Percentage of outstandings, total outstanding	0.53%	0.80%
Direct/indirect consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	$ 43	$ 55
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	448,498	435,704
Consumer Portfolio Segment | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	448,121	435,086
Consumer Portfolio Segment | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	377	618
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	79	279
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	298	339
Consumer real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	27,120	27,935
Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	1,700	1,400
Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	227,970	221,963
Consumer real estate | Residential Mortgage | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	227,970	221,963
Consumer real estate | Home Equity Loan | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	27,120	27,935
Credit card and other consumer | Credit card | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	84,010	81,438
Credit card and other consumer | Direct/indirect consumer | Dealer Financial Services Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	50,800	48,500
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	54,000	51,100
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	3,000	3,000
Credit card and other consumer | Direct/indirect consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	108,826	103,560
Credit card and other consumer | Other consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	195	190
Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	582,268	543,420
Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	355,731	325,936
Loans and leases, measured at fair value	2,900	4,600
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	125,796	113,266
Loans and leases, measured at fair value	2,200	2,600
Commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	577,149	536,219
Commercial | Carrying Value | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	355,731	325,936
Commercial | Carrying Value | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	125,796	113,266
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	5,119	7,201
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	64,253	63,009
Commercial | Commercial real estate | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	60,100	58,200
Commercial | Commercial real estate | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	4,100	4,800
Commercial | Commercial real estate | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	64,253	63,009
Commercial | Commercial lease financing | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	13,612	14,825
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	9,573	12,051
Commercial | U.S. small business commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	17,757	19,183
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,606	$ 2,884
Percentage of outstandings	0.25%	0.29%
30 to 59 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,479	$ 1,573
30 to 59 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	173	164
30 to 59 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	92	118
30 to 59 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	944	1,005
30 to 59 Days Past Due | Consumer real estate | Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	75	123
30 to 59 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	311	298
30 to 59 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	149	147
30 to 59 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
30 to 59 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	1,127	1,311
30 to 59 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	603	815
30 to 59 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	157	148
30 to 59 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	129	115
30 to 59 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	18	104
30 to 59 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	220	129
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,194	$ 1,279
Percentage of outstandings	0.12%	0.13%
60 to 89 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 515	$ 630
60 to 89 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	68	89
60 to 89 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	87	100
60 to 89 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	237	297
60 to 89 Days Past Due | Consumer real estate | Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	32	69
60 to 89 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	204	212
60 to 89 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	42	52
60 to 89 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
60 to 89 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	679	649
60 to 89 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	290	308
60 to 89 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	116	20
60 to 89 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	167	34
60 to 89 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	55	28
60 to 89 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	51	259
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,045	$ 3,311
Percentage of outstandings	0.30%	0.34%
90 Days or More Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,973	$ 2,445
90 Days or More Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	492	633
90 Days or More Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	1,179	1,571
90 Days or More Past Due | Consumer real estate | Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	279	369
90 Days or More Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	493	487
90 Days or More Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	22	18
90 Days or More Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
90 Days or More Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	1,072	866
90 Days or More Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	485	396
90 Days or More Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	360	83
90 Days or More Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	71	285
90 Days or More Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	10	13
90 Days or More Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	146	89
Total Past Due 30 Days or More
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 6,845	$ 7,474
Percentage of outstandings	0.67%	0.76%
Total Past Due 30 Days or More | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,967	$ 4,648
Total Past Due 30 Days or More | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	2,360	2,873
Total Past Due 30 Days or More | Consumer real estate | Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	386	561
Total Past Due 30 Days or More | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	1,008	997
Total Past Due 30 Days or More | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	213	217
Total Past Due 30 Days or More | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
Total Past Due 30 Days or More | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	2,878	2,826
Total Past Due 30 Days or More | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	1,378	1,519
Total Past Due 30 Days or More | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	633	251
Total Past Due 30 Days or More | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	367	434
Total Past Due 30 Days or More | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	83	145
Total Past Due 30 Days or More | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	417	477
Total Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,018,425	$ 963,831
Percentage of outstandings, total outstanding	98.80%	98.44%
Total Current or Less Than 30 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 444,154	$ 430,438
Total Current or Less Than 30 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	225,610	219,090
Total Current or Less Than 30 Days Past Due | Consumer real estate | Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	26,734	27,374
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	83,002	80,441
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	108,613	103,343
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	195	190
Total Current or Less Than 30 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	574,271	533,393
Total Current or Less Than 30 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	354,353	324,417
Total Current or Less Than 30 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	125,163	113,015
Total Current or Less Than 30 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	63,886	62,575
Total Current or Less Than 30 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	13,529	14,680
Total Current or Less Than 30 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 17,340	$ 18,706

Outstanding Loans and Leases _4

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 4,164	$ 4,567
Threshold period past due for nonperforming status of financing receivables	90 days	90 days
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 1,298	$ 1,578
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,866	2,989
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,245	2,284
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	$ 10,000	$ 10,500

Outstanding Loans and Leases _5

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Credit Quality (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 4,164	$ 4,567
Accruing past due 90 days or more	$ 1,705	$ 1,457
Nonperforming loans and leases, percent outstanding	0.41%	0.47%
Accruing past due 90 days or more, percent outstanding	0.17%	0.15%
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 2,866	$ 2,989
Accruing past due 90 days or more	1,000	1,132
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,245	2,284
Accruing past due 90 days or more	492	634
Consumer Portfolio Segment | Residential Mortgage With Negative Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,956	1,950
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	563	630
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Home Equity Line of Credit With Negative Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	371	414
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Credit card
Financing Receivable, Past Due [Line Items]
Accruing past due 90 days or more	493	487
Consumer Portfolio Segment | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	58	75
Accruing past due 90 days or more	15	11
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,298	1,578
Accruing past due 90 days or more	705	325
Commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	742	825
Accruing past due 90 days or more	357	171
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	279	268
Accruing past due 90 days or more	184	19
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	218	382
Accruing past due 90 days or more	18	40
Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	44	80
Accruing past due 90 days or more	3	8
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	15	23
Accruing past due 90 days or more	143	87
Nonperforming Loans | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	395	444
Accruing past due 90 days or more	$ 97	$ 190

Outstanding Loans and Leases _6

Outstanding Loans and Leases and Allowance for Credit Losses - Residential Mortgage - Credit Quality Indicators (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	$ 1,030,766	$ 979,124
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	27,120	27,935
Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	227,970	221,963
Originated in current fiscal year	30,421	92,817
Originated in fiscal year before current fiscal year	88,322	47,526
Originated two years before current fiscal year	42,391	24,465
Originated three years before current fiscal year	20,964	7,636
Originated four years before current fiscal year	6,314	11,217
Prior	39,558	38,302
Consumer real estate | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	731	893
Consumer real estate | Less than 620 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	2,063	2,451
Originated in current fiscal year	230	636
Originated in fiscal year before current fiscal year	488	442
Originated two years before current fiscal year	345	140
Originated three years before current fiscal year	121	120
Originated four years before current fiscal year	94	104
Prior	785	1,009
Consumer real estate | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	1,252	1,434
Consumer real estate | Greater than or equal to 620 and less than 680 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	4,909	5,199
Originated in current fiscal year	603	1,511
Originated in fiscal year before current fiscal year	1,415	1,123
Originated two years before current fiscal year	913	477
Originated three years before current fiscal year	416	294
Originated four years before current fiscal year	273	307
Prior	1,289	1,487
Consumer real estate | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	4,254	4,625
Consumer real estate | Greater than or equal to 680 and less than 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	24,768	24,532
Originated in current fiscal year	3,229	8,822
Originated in fiscal year before current fiscal year	8,857	5,454
Originated two years before current fiscal year	4,582	2,785
Originated three years before current fiscal year	2,314	1,057
Originated four years before current fiscal year	827	1,434
Prior	4,959	4,980
Consumer real estate | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	20,883	20,983
Consumer real estate | Greater than or equal to 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	184,089	177,077
Originated in current fiscal year	26,047	78,003
Originated in fiscal year before current fiscal year	73,722	37,021
Originated two years before current fiscal year	33,295	19,913
Originated three years before current fiscal year	17,098	5,949
Originated four years before current fiscal year	4,943	9,137
Prior	28,984	27,054
Less than or equal to 90 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	26,876	27,594
Less than or equal to 90 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	213,285	206,562
Originated in current fiscal year	29,035	87,051
Originated in fiscal year before current fiscal year	83,405	43,597
Originated two years before current fiscal year	38,908	23,205
Originated three years before current fiscal year	19,897	7,392
Originated four years before current fiscal year	6,116	10,956
Prior	35,924	34,361
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	98	130
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	1,858	1,938
Originated in current fiscal year	768	1,401
Originated in fiscal year before current fiscal year	855	331
Originated two years before current fiscal year	156	81
Originated three years before current fiscal year	28	17
Originated four years before current fiscal year	10	14
Prior	41	94
Greater than 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	146	211
Greater than 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	686	759
Originated in current fiscal year	306	520
Originated in fiscal year before current fiscal year	222	112
Originated two years before current fiscal year	71	29
Originated three years before current fiscal year	24	11
Originated four years before current fiscal year	11	12
Prior	52	75
Fully-insured loans | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	12,141	12,704
Originated in current fiscal year	312	3,845
Originated in fiscal year before current fiscal year	3,840	3,486
Originated two years before current fiscal year	3,256	1,150
Originated three years before current fiscal year	1,015	216
Originated four years before current fiscal year	177	235
Prior	$ 3,541	$ 3,772

Outstanding Loans and Leases _7

Outstanding Loans and Leases and Allowance for Credit Losses - Home Equity - Credit Quality Indicators Including Vintage (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,030,766	$ 979,124
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	27,120	27,935
Consumer real estate | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	731	893
Consumer real estate | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,252	1,434
Consumer real estate | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,254	4,625
Consumer real estate | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	20,883	20,983
Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,613	1,913
Consumer real estate | Home Equity Loans and Reverse Mortgages | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	197	244
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]
Loans and leases	180	222
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]
Loans and leases	405	468
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	831	979
Consumer real estate | Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,100	1,300
Consumer real estate | Home Equity Loan no Longer Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	482	582
Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	19,657	19,183
Consumer real estate | Revolving Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	174	209
Consumer real estate | Revolving Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	470	495
Consumer real estate | Revolving Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	2,438	2,493
Consumer real estate | Revolving Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	16,575	15,986
Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	5,850	6,839
Consumer real estate | Revolving Loans Converted to Term Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	360	440
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	602	717
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	1,411	1,664
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	3,477	4,018
Less than or equal to 90 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	26,876	27,594
Less than or equal to 90 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,518	1,773
Less than or equal to 90 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	19,583	19,095
Less than or equal to 90 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	5,775	6,726
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	98	130
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]
Loans and leases	41	55
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	30	34
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	27	41
Greater than 100 percent | Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	146	211
Greater than 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	54	85
Greater than 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	44	54
Greater than 100 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	$ 48	$ 72

Outstanding Loans and Leases _8

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - Credit Quality Indicators (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	$ 1,030,766	$ 979,124
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	108,826	103,560
Revolving Loans	57,218	54,354
Originated in current fiscal year	13,025	22,060
Originated in fiscal year before current fiscal year	18,419	10,883
Originated two years before current fiscal year	8,855	8,110
Originated three years before current fiscal year	5,657	3,447
Originated four years before current fiscal year	2,326	2,185
Prior	3,326	2,521
Loans and lease receivable, securities based lending	57,100	54,200
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	691	685
Revolving Loans	12	13
Originated in current fiscal year	71	179
Originated in fiscal year before current fiscal year	237	115
Originated two years before current fiscal year	108	129
Originated three years before current fiscal year	103	79
Originated four years before current fiscal year	55	101
Prior	105	69
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 as of June 30, 2022	2,347	2,313
Revolving Loans	13	14
Originated in current fiscal year	570	1,170
Originated in fiscal year before current fiscal year	964	414
Originated two years before current fiscal year	326	313
Originated three years before current fiscal year	214	148
Originated four years before current fiscal year	99	134
Prior	161	120
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 as of June 30, 2022	8,723	8,530
Revolving Loans	54	60
Originated in current fiscal year	2,472	4,552
Originated in fiscal year before current fiscal year	3,426	1,659
Originated two years before current fiscal year	1,262	1,126
Originated three years before current fiscal year	753	466
Originated four years before current fiscal year	310	314
Prior	446	353
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	39,165	37,164
Revolving Loans	87	94
Originated in current fiscal year	9,742	15,876
Originated in fiscal year before current fiscal year	13,504	8,642
Originated two years before current fiscal year	7,072	6,465
Originated three years before current fiscal year	4,520	2,679
Originated four years before current fiscal year	1,820	1,573
Prior	2,420	1,835
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of June 30, 2022	57,900	54,868
Revolving Loans	57,052	54,173
Originated in current fiscal year	170	283
Originated in fiscal year before current fiscal year	288	53
Originated two years before current fiscal year	87	77
Originated three years before current fiscal year	67	75
Originated four years before current fiscal year	42	63
Prior	194	144
Credit Card and Direct/ Indirect Consumer | Credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	83,455	80,838
Total Credit Card as of June 30, 2022	84,010	81,438
Revolving Loans Converted to Term Loans	555	600
Credit Card and Direct/ Indirect Consumer | Credit card | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	2,939	2,857
Total Credit Card as of June 30, 2022	3,094	3,017
Revolving Loans Converted to Term Loans	155	160
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]
Revolving Loans	9,362	9,064
Total Credit Card as of June 30, 2022	9,545	9,264
Revolving Loans Converted to Term Loans	183	200
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]
Revolving Loans	28,565	28,155
Total Credit Card as of June 30, 2022	28,737	28,347
Revolving Loans Converted to Term Loans	172	192
Credit Card and Direct/ Indirect Consumer | Credit card | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	42,589	40,762
Total Credit Card as of June 30, 2022	42,634	40,810
Revolving Loans Converted to Term Loans	45	48
Credit Card and Direct/ Indirect Consumer | Credit card | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	0	0
Total Credit Card as of June 30, 2022	0	0
Revolving Loans Converted to Term Loans	$ 0	$ 0

Outstanding Loans and Leases _9

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial - Credit Quality Indicators (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,030,766	$ 979,124
Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,496	7,819
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	582,268	543,420
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,119	7,201
Commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	355,731	325,936
Originated in current fiscal year	38,860	56,460
Originated in fiscal year before current fiscal year	47,661	25,699
Originated two years before current fiscal year	21,807	24,681
Originated three years before current fiscal year	20,960	13,054
Originated four years before current fiscal year	11,928	10,940
Prior	34,784	24,949
Revolving Loans	179,731	170,153
Commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	346,850	315,618
Originated in current fiscal year	38,819	55,862
Originated in fiscal year before current fiscal year	47,170	25,012
Originated two years before current fiscal year	21,131	23,373
Originated three years before current fiscal year	20,079	11,439
Originated four years before current fiscal year	10,660	10,426
Prior	33,699	23,877
Revolving Loans	175,292	165,629
Commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	8,881	10,318
Originated in current fiscal year	41	598
Originated in fiscal year before current fiscal year	491	687
Originated two years before current fiscal year	676	1,308
Originated three years before current fiscal year	881	1,615
Originated four years before current fiscal year	1,268	514
Prior	1,085	1,072
Revolving Loans	4,439	4,524
Commercial | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	125,796	113,266
Originated in current fiscal year	13,907	25,972
Originated in fiscal year before current fiscal year	23,043	9,027
Originated two years before current fiscal year	7,312	7,620
Originated three years before current fiscal year	5,356	4,796
Originated four years before current fiscal year	3,552	3,273
Prior	5,679	3,278
Revolving Loans	66,947	59,300
Commercial | Non United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	123,181	110,787
Originated in current fiscal year	13,828	25,749
Originated in fiscal year before current fiscal year	22,677	8,703
Originated two years before current fiscal year	7,001	7,133
Originated three years before current fiscal year	5,022	4,521
Originated four years before current fiscal year	3,412	3,016
Prior	5,137	3,062
Revolving Loans	66,104	58,603
Commercial | Non United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,615	2,479
Originated in current fiscal year	79	223
Originated in fiscal year before current fiscal year	366	324
Originated two years before current fiscal year	311	487
Originated three years before current fiscal year	334	275
Originated four years before current fiscal year	140	257
Prior	542	216
Revolving Loans	843	697
Commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	64,253	63,009
Originated in current fiscal year	6,575	14,679
Originated in fiscal year before current fiscal year	14,026	8,234
Originated two years before current fiscal year	7,234	13,474
Originated three years before current fiscal year	11,358	7,420
Originated four years before current fiscal year	6,412	3,922
Prior	10,800	8,295
Revolving Loans	7,848	6,985
Commercial | Commercial real estate | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	59,121	55,511
Originated in current fiscal year	6,569	14,402
Originated in fiscal year before current fiscal year	13,558	7,244
Originated two years before current fiscal year	6,667	11,237
Originated three years before current fiscal year	9,710	5,710
Originated four years before current fiscal year	5,299	3,326
Prior	9,615	6,831
Revolving Loans	7,703	6,761
Commercial | Commercial real estate | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,132	7,498
Originated in current fiscal year	6	277
Originated in fiscal year before current fiscal year	468	990
Originated two years before current fiscal year	567	2,237
Originated three years before current fiscal year	1,648	1,710
Originated four years before current fiscal year	1,113	596
Prior	1,185	1,464
Revolving Loans	145	224
Commercial | Commercial real estate | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	60,100	58,200
Commercial | Commercial real estate | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,100	4,800
Commercial | Commercial Lease Financing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	13,612	14,825
Originated in current fiscal year	1,038	3,305
Originated in fiscal year before current fiscal year	2,835	2,503
Originated two years before current fiscal year	2,216	2,518
Originated three years before current fiscal year	2,271	2,097
Originated four years before current fiscal year	1,718	1,789
Prior	3,534	2,613
Revolving Loans	0	0
Commercial | Commercial Lease Financing | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	13,296	14,438
Originated in current fiscal year	1,036	3,280
Originated in fiscal year before current fiscal year	2,811	2,485
Originated two years before current fiscal year	2,186	2,427
Originated three years before current fiscal year	2,185	2,030
Originated four years before current fiscal year	1,661	1,741
Prior	3,417	2,475
Revolving Loans	0	0
Commercial | Commercial Lease Financing | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	316	387
Originated in current fiscal year	2	25
Originated in fiscal year before current fiscal year	24	18
Originated two years before current fiscal year	30	91
Originated three years before current fiscal year	86	67
Originated four years before current fiscal year	57	48
Prior	117	138
Revolving Loans	0	0
Commercial | U.S. small business commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,573	12,051
Originated in current fiscal year	812	4,269
Originated in fiscal year before current fiscal year	2,568	2,951
Originated two years before current fiscal year	1,980	1,150
Originated three years before current fiscal year	1,027	850
Originated four years before current fiscal year	756	687
Prior	2,294	2,000
Revolving Loans	136	144
Commercial | U.S. small business commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,228	11,618
Originated in current fiscal year	803	4,257
Originated in fiscal year before current fiscal year	2,547	2,922
Originated two years before current fiscal year	1,947	1,059
Originated three years before current fiscal year	945	763
Originated four years before current fiscal year	694	623
Prior	2,159	1,853
Revolving Loans	133	141
Commercial | U.S. small business commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	345	433
Originated in current fiscal year	9	12
Originated in fiscal year before current fiscal year	21	29
Originated two years before current fiscal year	33	91
Originated three years before current fiscal year	82	87
Originated four years before current fiscal year	62	64
Prior	135	147
Revolving Loans	3	3
Commercial | Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	568,965	529,087
Originated in current fiscal year	61,192	104,685
Originated in fiscal year before current fiscal year	90,133	48,414
Originated two years before current fiscal year	40,549	49,443
Originated three years before current fiscal year	40,972	28,217
Originated four years before current fiscal year	24,366	20,611
Prior	57,091	41,135
Revolving Loans	254,662	236,582
Commercial | Small Business Card Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	210	192
Commercial | Small Business Card Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	723	618
Commercial | Small Business Card Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,200	1,900
Commercial | Small Business Card Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,100	4,400
Commercial | Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 8,200	$ 7,100

Outstanding Loans and Leases_10

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Quality Indicators, Narrative (Details) - USD ($) $ in Billions	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Commercial reservable criticized utilized exposure, amount	$ 18.1	$ 22.4
Commercial reservable criticized utilized exposure, percent	2.95%	3.91%

Outstanding Loans and Leases_11

Outstanding Loans and Leases and Allowance for Credit Losses - Troubled Debt Restructurings, Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) payment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,030,766		$ 979,124
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	27,120		27,935
Real estate acquired through foreclosure	115		101
Loans with formal foreclosure proceeding in process	1,000		$ 1,100
Reclassified consumer real estate loans	$ 99	$ 20
Number of missing payments causing default | payment	3
Consumer real estate | Chapter Seven Bankruptcy
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 242
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	64
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]
Loans and leases	$ 42

Outstanding Loans and Leases_12

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - TDRs Entered into During the Period (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 669	$ 584	$ 1,028	$ 827
Carrying Value	$ 599	$ 513	$ 914	$ 730
Pre-Modification Interest Rate	3.53%	3.53%	3.57%	3.52%
Post-Modification Interest Rate	3.48%	3.52%	3.43%	3.50%
Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 540	$ 522	$ 858	$ 744
Carrying Value	$ 489	$ 466	$ 774	$ 667
Pre-Modification Interest Rate	3.47%	3.53%	3.53%	3.51%
Post-Modification Interest Rate	3.38%	3.51%	3.35%	3.49%
Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 129	$ 62	$ 170	$ 83
Carrying Value	$ 110	$ 47	$ 140	$ 63
Pre-Modification Interest Rate	3.80%	3.58%	3.77%	3.55%
Post-Modification Interest Rate	3.89%	3.61%	3.84%	3.58%

Outstanding Loans and Leases_13

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - Modification Programs (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 599	$ 513	$ 914	$ 730
Modifications under government programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	0	1	0	3
Modifications under proprietary programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	536	479	816	665
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	4	12	8	22
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 59	$ 21	$ 90	$ 40

Outstanding Loans and Leases_14

Outstanding Loans and Leases and Allowance for Credit Losses - 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 39	$ 42	$ 84	$ 64
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	0	1	0	2
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	32	33	72	45
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	0	2	1	5
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 7	$ 6	$ 11	$ 12

Outstanding Loans and Leases_15

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period (Details) - Credit card and other consumer - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 68	$ 68	$ 132	$ 148
Carrying Value	$ 71	$ 72	$ 137	$ 154
Pre-Modification Interest Rate	19.37%	17.75%	19.09%	17.87%
Post-Modification Interest Rate	3.83%	4.31%	3.83%	4.58%
Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 65	$ 62	$ 127	$ 137
Carrying Value	$ 69	$ 68	$ 132	$ 147
Pre-Modification Interest Rate	19.77%	18.44%	19.60%	18.48%
Post-Modification Interest Rate	3.78%	4.24%	3.76%	4.53%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 3	$ 6	$ 5	$ 11
Carrying Value	$ 2	$ 4	$ 5	$ 7
Pre-Modification Interest Rate	5.41%	5.64%	5.62%	5.62%
Post-Modification Interest Rate	5.41%	5.64%	5.62%	5.62%

Outstanding Loans and Leases_16

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Modified by Program Type (Details) - Credit card and other consumer - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 71	$ 72	$ 137	$ 154
Internal programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	58	57	112	121
External programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	10	13	20	29
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 3	$ 2	$ 5	$ 4

Outstanding Loans and Leases_17

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period, Narrative (Details) - Credit card and other consumer	6 Months Ended
	Jun. 30, 2022 payment
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	10%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percent expected to be in payment default within 12 months after modification	17%

Outstanding Loans and Leases_18

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial Loans, Loans Held-for-sale and Accrued Interest Receivable (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 6,654		$ 6,654		$ 15,635
Originations and purchases			11,360	$ 17,031
Net non-cash transfers into LHFS			1,600	709
Accrued interest receivable	2,500		2,500		2,200
Credit card lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest and fee income reversed	80	$ 124	160	282
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	796	$ 320	1,300	865
Lending commitments	369		369		283
Commitments in payment default	136		136		262
Loans held-for-sale	$ 6,700		6,700		$ 15,600
Proceeds from sales and paydowns of loans originally classified as LHFS			21,400	18,200
Originations and purchases			11,400	$ 17,000
Affinity Card Loan Portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-cash transfers into LHFS of affinity card loan portfolio			$ 1,600

Outstanding Loans and Leases_19

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			$ 13,434	$ 15,782	$ 13,434	$ 15,782
Allowance for credit losses, period decrease					409
Loan and leases receivable, allowance, period increase (decrease)					(414)
Reserve for unfunded lending commitments, period increase					5
Increase in provision for credit losses			2,100		4,000
Provision for credit losses			523	(1,621)	553	(3,481)
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					54,000
Scenario, Forecast
Financing Receivable, Allowance for Credit Loss [Line Items]
Unemployment rate, economic outlook	5%	5%
U.S. gross domestic product, economic outlook	0.80%	0.60%
Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			475	704	475	704
Loan and leases receivable, allowance, period increase (decrease)					(178)
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					13,000
Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			6,216	6,835	6,216	6,835
Loan and leases receivable, allowance, period increase (decrease)					(260)
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			$ 6,743	$ 8,243	6,743	$ 8,243
Loan and leases receivable, allowance, period increase (decrease)					29
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					$ 40,900

Outstanding Loans and Leases_20

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning of the period	$ 12,104	$ 16,168	$ 12,387	$ 18,802
Loans and leases charged off	(944)	(1,061)	(1,678)	(2,247)
Recoveries of loans and leases previously charged off	373	466	715	829
Net charge-offs	(571)	(595)	(963)	(1,418)
Provision for loan and lease losses	441	(1,480)	549	(3,291)
Other	(1)	2	0	2
Allowance for loan and lease losses, end of the period	11,973	14,095	11,973	14,095
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,379	1,829	1,456	1,878
Provision for unfunded lending commitments	82	(141)	4	(190)
Other		(1)	1	(1)
Reserve for unfunded lending commitments, ending balance	1,461	1,687	1,461	1,687
Allowance for credit losses	13,434	15,782	13,434	15,782
Consumer real estate
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning of the period	473	689	557	858
Loans and leases charged off	(160)	(30)	(183)	(45)
Recoveries of loans and leases previously charged off	98	60	161	114
Net charge-offs	(62)	30	(22)	69
Provision for loan and lease losses	(16)	(122)	(141)	(329)
Other	1	0	2	(1)
Allowance for loan and lease losses, end of the period	396	597	396	597
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	91	124	96	137
Provision for unfunded lending commitments	(12)	(17)	(18)	(30)
Other		0	1	0
Reserve for unfunded lending commitments, ending balance	79	107	79	107
Allowance for credit losses	475	704	475	704
Credit card and other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning of the period	6,242	7,946	6,476	9,213
Loans and leases charged off	(692)	(799)	(1,311)	(1,776)
Recoveries of loans and leases previously charged off	229	256	468	501
Net charge-offs	(463)	(543)	(843)	(1,275)
Provision for loan and lease losses	438	(568)	581	(1,104)
Other	(1)	0	2	1
Allowance for loan and lease losses, end of the period	6,216	6,835	6,216	6,835
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	0	0	0	0
Provision for unfunded lending commitments	0	0	0	0
Other		0	0	0
Reserve for unfunded lending commitments, ending balance	0	0	0	0
Allowance for credit losses	6,216	6,835	6,216	6,835
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning of the period	5,389	7,533	5,354	8,731
Loans and leases charged off	(92)	(232)	(184)	(426)
Recoveries of loans and leases previously charged off	46	150	86	214
Net charge-offs	(46)	(82)	(98)	(212)
Provision for loan and lease losses	19	(790)	109	(1,858)
Other	(1)	2	(4)	2
Allowance for loan and lease losses, end of the period	5,361	6,663	5,361	6,663
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,288	1,705	1,360	1,741
Provision for unfunded lending commitments	94	(124)	22	(160)
Other		(1)	0	(1)
Reserve for unfunded lending commitments, ending balance	1,382	1,580	1,382	1,580
Allowance for credit losses	$ 6,743	$ 8,243	$ 6,743	$ 8,243

Securitizations and Other Var_3

Securitizations and Other Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 927	$ 968

Securitizations and Other Var_4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	$ 1,419	$ 1,652	$ 3,741	$ 2,895
Gains on securitizations	0	3	8	5
Repurchases from securitization trusts	9	98	25	178
Gain (loss) on loans securitized	10	40	30	73
Deconsolidation of securitizations	36		563
Commercial
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	1,988	2,175	4,416	2,840
Gains on securitizations	13	31	26	64
Repurchases from securitization trusts	0	0	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	105,800	138,700	105,800	138,700
Servicing fees	74	$ 104	144	$ 217
Transfers continuing involvement servicing fee advances	$ 1,700		$ 1,700		$ 2,000

Securitizations and Other Var_5

Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
On-balance sheet assets
Trading account assets	$ 294,027	$ 247,080
Debt securities carried at fair value	274,665	308,073
Held-to-maturity securities	658,284	674,591
Other assets	159,971	163,869
Loans and leases	1,030,766	979,124
Total assets	3,111,606	3,169,495	$ 3,029,894
Total liabilities	2,842,488	2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,294	5,004
Other assets	177	189
Loans and leases	16,170	17,135
Total assets	17,809	21,370
Total liabilities	4,686	3,841
Agency | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	9,881	11,600
On-balance sheet assets
Other assets	0	0
Total assets	9,881	11,600
Principal balance outstanding	85,819	93,142
Agency | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,648	1,644
On-balance sheet assets
Trading account assets	1,648	1,644
Loans and leases	0	0
Total assets	1,648	1,644
Total liabilities	0	0
Agency | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	213	175
Debt securities carried at fair value	3,542	5,009
Held-to-maturity securities	6,126	6,416
Non-agency | Prime | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	108	121
On-balance sheet assets
Other assets	3	3
Total assets	6	11
Principal balance outstanding	4,251	4,710
Non-agency | Prime | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	49
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	58
Total assets	0	58
Total liabilities	0	9
Non-agency | Prime | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	3	8
Debt securities carried at fair value	0	0
Held-to-maturity securities	0	0
Non-agency | Subprime | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	807	908
On-balance sheet assets
Other assets	34	29
Total assets	526	610
Principal balance outstanding	5,471	6,179
Non-agency | Subprime | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	89	0
On-balance sheet assets
Trading account assets	89	0
Loans and leases	0	0
Total assets	89	0
Total liabilities	0	0
Non-agency | Subprime | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	37	44
Debt securities carried at fair value	455	537
Held-to-maturity securities	0	0
Non-agency | Alt-A | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	15	14
On-balance sheet assets
Other assets	2	2
Total assets	15	14
Principal balance outstanding	12,279	13,627
Non-agency | Alt-A | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	0
Total assets	0	0
Total liabilities	0	0
Non-agency | Alt-A | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	13	12
Debt securities carried at fair value	0	0
Held-to-maturity securities	0	0
Commercial Mortgage
On-balance sheet assets
Debt securities carried at fair value	12,572
Commercial Mortgage | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,496	1,445
On-balance sheet assets
Other assets	59	93
Total assets	1,352	1,271
Principal balance outstanding	84,991	85,540
Commercial Mortgage | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	0
Total assets	0	0
Total liabilities	0	0
Commercial Mortgage | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	25	21
Debt securities carried at fair value	0	0
Held-to-maturity securities	$ 1,268	$ 1,157

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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
On-balance sheet assets
Trading account assets	$ 294,027		$ 247,080
Debt securities carried at fair value	274,665		308,073
Held-to-maturity securities	658,284		674,591
Total assets	3,111,606		3,169,495	$ 3,029,894
Loans and leases	1,030,766		979,124
Allowance for loan and lease losses	(11,973)	$ (12,104)	(12,387)	$ (14,095)	$ (16,168)	$ (18,802)
Other assets	159,971		163,869
On-balance sheet liabilities
Long-term debt	275,697		280,117
Total liabilities	2,842,488		2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,294		5,004
Total assets	17,809		21,370
Loans and leases	16,170		17,135
Allowance for loan and lease losses	(832)		(958)
Other assets	177		189
On-balance sheet liabilities
Long-term debt	4,509		3,587
All other liabilities	12		7
Total liabilities	4,686		3,841
Home equity | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	130		152
On-balance sheet assets
Total retained positions	1		1
Total assets	366		430
Home equity | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	38		45
On-balance sheet assets
Trading account assets	0		0
Total assets	131		157
Loans and leases	116		140
Allowance for loan and lease losses	13		14
Other assets	2		3
On-balance sheet liabilities
Short-term borrowings	0		0
Long-term debt	94		113
All other liabilities	0		0
Total liabilities	94		113
Home equity | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	1		1
Held-to-maturity securities	0		0
Credit card | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
Total retained positions	0		0
Total assets	0		0
Credit card | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	8,937		10,279
On-balance sheet assets
Trading account assets	0		0
Total assets	13,197		13,534
Loans and leases	13,981		14,434
Allowance for loan and lease losses	(843)		(970)
Other assets	59		70
On-balance sheet liabilities
Short-term borrowings	0		0
Long-term debt	4,248		3,248
All other liabilities	12		7
Total liabilities	4,260		3,255
Residual interests	2,700		4,300
Credit card | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	0		0
Held-to-maturity securities	0		0
Resecuritization Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	5,799		6,089
On-balance sheet assets
Total retained positions	5,799		6,089
Total assets	14,993		18,633
Resecuritization Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	149		680
On-balance sheet assets
Trading account assets	156		686
Total assets	156		686
Loans and leases	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	7		6
All other liabilities	0		0
Total liabilities	7		6
Resecuritization Trusts | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	1,599		1,030
Debt securities carried at fair value	1,467		1,903
Held-to-maturity securities	2,733		3,156
Municipal Bond Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	3,379		4,094
On-balance sheet assets
Total retained positions	0		0
Total assets	3,907		4,655
Municipal Bond Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	155		210
On-balance sheet assets
Trading account assets	63		122
Total assets	155		210
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	92		88
On-balance sheet liabilities
Short-term borrowings	133		196
Long-term debt	0		0
All other liabilities	0		0
Total liabilities	133		196
Municipal Bond Trusts | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	0		0
Held-to-maturity securities	$ 0		$ 0

Securitizations and Other Var_7

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 927		$ 927		$ 968
Credit card
Variable Interest Entity [Line Items]
Principal balance outstanding	$ 6,700		$ 6,700		$ 6,500
Transferred financial assets, stated interest rate	0%		0%		0%
Credit card | Senior securities:
Variable Interest Entity [Line Items]
Transferred financial assets, amount			$ 1,000	$ 1,000
Credit card | Junior Lien
Variable Interest Entity [Line Items]
Transferred financial assets, amount			161	161
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	$ 4,600	$ 5,900	14,200	14,700
Resecuritization Trusts | Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	1,000	$ 233	1,700	$ 519
Municipal Bond Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 3,400		$ 3,400		$ 4,100
Weighted average remaining life of bonds held in the trusts in years			7 years 2 months 12 days

Securitizations and Other Var_8

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
On-balance sheet assets
Trading account assets	$ 294,027		$ 247,080
Debt securities carried at fair value	274,665		308,073
Loans and leases	1,030,766		979,124
Allowance for loan and lease losses	(11,973)	$ (12,104)	(12,387)	$ (14,095)	$ (16,168)	$ (18,802)
Other assets	159,971		163,869
Total assets	3,111,606		3,169,495	$ 3,029,894
On-balance sheet liabilities
Long-term debt	275,697		280,117
Total liabilities	2,842,488		2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,294		5,004
Loans and leases	16,170		17,135
Allowance for loan and lease losses	(832)		(958)
Other assets	177		189
Total assets	17,809		21,370
On-balance sheet liabilities
Long-term debt	4,509		3,587
All other liabilities	12		7
Total liabilities	4,686		3,841
Other Variable Interest Entities
On-balance sheet liabilities
Total assets of VIEs, Unconsolidated	93,885		92,249
Total assets of VIEs	96,318		97,330
Other Variable Interest Entities | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	2,241		4,819
On-balance sheet assets
Trading account assets	338		2,552
Debt securities carried at fair value	0		0
Loans and leases	2,073		2,503
Allowance for loan and lease losses	(2)		(2)
Other assets	24		28
Total assets	2,433		5,081
On-balance sheet liabilities
Short-term borrowings	32		51
Long-term debt	160		211
All other liabilities	0		0
Total liabilities	192		262
Other Variable Interest Entities | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	29,021		27,790
On-balance sheet assets
Trading account assets	562		626
Debt securities carried at fair value	7		7
Loans and leases	83		47
Allowance for loan and lease losses	(12)		(12)
Other assets	27,911		26,628
Total assets	28,551		27,296
On-balance sheet liabilities
Short-term borrowings	0		0
Long-term debt	0		0
All other liabilities	7,132		6,548
Total liabilities	7,132		6,548
Other Variable Interest Entities | Variable Interest Entity
Variable Interest Entity [Line Items]
Maximum loss exposure	31,262		32,609
On-balance sheet assets
Trading account assets	900		3,178
Debt securities carried at fair value	7		7
Loans and leases	2,156		2,550
Allowance for loan and lease losses	(14)		(14)
Other assets	27,935		26,656
Total assets	30,984		32,377
On-balance sheet liabilities
Short-term borrowings	32		51
Long-term debt	160		211
All other liabilities	7,132		6,548
Total liabilities	$ 7,324		$ 6,810

Securitizations and Other Var_9

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total assets	$ 3,111,606	$ 3,029,894	$ 3,111,606	$ 3,029,894	$ 3,169,495
Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	17,809		17,809		21,370
Customer Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	993		993		2,900
Collateralized Debt Obligations
Variable Interest Entity [Line Items]
Maximum loss exposure	124		124		235
Investment Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	1,800		1,800		2,000
Investment Vehicles | Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	657		657		1,000
Investment Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total assets	7,800		7,800		7,100
Leveraged Lease Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	1,400		1,400		1,500
Tax Credit Vehicles
Investments in Affordable Housing Projects [Abstract]
Investments in affordable housing project investments	13,400		13,400		12,600
Unfunded commitments	6,400		$ 6,400		5,800
Unfunded commitment payment period			5 years
Tax credits and other benefits	375	334	$ 748	727
Pretax losses	314	$ 279	627	$ 555
Tax Credit Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	$ 26,700		$ 26,700		$ 25,700

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Line Items]
Total goodwill	$ 69,022	$ 69,022
Operating Segments | Consumer Banking
Goodwill [Line Items]
Total goodwill	30,137	30,137
Operating Segments | Global Wealth & Investment Management
Goodwill [Line Items]
Total goodwill	9,677	9,677
Operating Segments | Global Banking
Goodwill [Line Items]
Total goodwill	24,026	24,026
Operating Segments | Global Markets
Goodwill [Line Items]
Total goodwill	$ 5,182	$ 5,182

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss			$ 0
Intangible assets, net (excluding goodwill)	$ 2,100,000,000		2,100,000,000		$ 2,200,000,000
Amortization of intangibles	20,000,000	$ 20,000,000	39,000,000	$ 37,000,000
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 1,600,000,000		$ 1,600,000,000		$ 1,600,000,000

Leases - Lessor Arrangements (D

Leases - Lessor Arrangements (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Lease receivables	$ 15,628	$ 16,806
Unguaranteed residuals	1,870	2,078
Total net investment in sales-type and direct financing leases	17,498	18,884
Unguaranteed residual asset with third-party residual value insurance	$ 6,800	$ 7,100

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Sales-type and direct financing leases	$ 137	$ 152	$ 279	$ 316
Operating leases	231	223	463	454
Total lease income	$ 368	$ 375	$ 742	$ 770

Leases - Lessee Arrangements (D

Leases - Lessee Arrangements (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use asset	$ 9,963	$ 10,233
Lease liabilities	$ 10,560	$ 10,858

Securities Financing Agreemen_3

Securities Financing Agreements, Collateral and Restricted Cash - Securities Financing Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Securities borrowed or purchased under agreements to resell
Gross Assets/Liabilities	$ 533,938	$ 527,054
Amounts Offset	(261,508)	(276,334)
Net Balance Sheet Amount	272,430	250,720
Financial Instruments	(242,902)	(229,525)
Net Assets/Liabilities	29,528	21,195
Securities loaned or sold under agreements to repurchase
Gross Liabilities	465,815	468,663
Amounts Offset	(261,508)	(276,334)
Net Balance Sheet Amount	204,307	192,329
Financial Instruments	(194,375)	(181,860)
Net Liabilities	9,932	10,469
Other
Gross Liabilities	6,761	11,391
Amounts Offset	0	0
Net Balance Sheet Amount	6,761	11,391
Financial Instruments	(6,761)	(11,391)
Net Liabilities	0	0
Total Securities Financing Agreements Liability
Gross Liabilities	472,576	480,054
Amounts Offset	(261,508)	(276,334)
Net Balance Sheet Amount	211,068	203,720
Financial Instruments	(201,136)	(193,251)
Net Liabilities	9,932	10,469
Loans and leases repurchase activity	$ 11,700	$ 20,100

Securities Financing Agreemen_4

Securities Financing Agreements, Collateral and Restricted Cash - Remaining Contractual Maturity (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) agreement	Dec. 31, 2021 USD ($) agreement
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 404,362	$ 416,427
Securities loaned	61,453	52,236
Other	6,761	11,391
Total	$ 472,576	$ 480,054
Number of contractual agreements | agreement	0	0
Maximum agreement maturity period (less than)	3 years	3 years
Overnight and Continuous
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 185,699	$ 148,023
Securities loaned	55,681	46,231
Other	6,761	11,391
Total	248,141	205,645
30 Days or Less
Remaining Contractual Maturity
Securities sold under agreements to repurchase	154,162	194,964
Securities loaned	404	466
Other	0	0
Total	154,566	195,430
After 30 Days Through 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	37,718	36,939
Securities loaned	888	1,428
Other	0	0
Total	38,606	38,367
Greater than 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	26,783	36,501
Securities loaned	4,480	4,111
Other	0	0
Total	$ 31,263	$ 40,612

Securities Financing Agreemen_5

Securities Financing Agreements, Collateral and Restricted Cash - Class of Collateral Pledged (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	$ 404,362	$ 416,427
Securities Loaned	61,453	52,236
Other	6,761	11,391
Total	472,576	480,054
U.S. government and agency securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	194,141	201,546
Securities Loaned	0	27
Other	0	0
Total	194,141	201,573
Corporate securities, trading loans and other
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	14,183	12,838
Securities Loaned	2,032	3,440
Other	514	1,148
Total	16,729	17,426
Equity securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	11,888	19,907
Securities Loaned	59,020	48,650
Other	6,247	10,192
Total	77,155	78,749
Non-U.S. sovereign debt
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	180,423	178,019
Securities Loaned	401	119
Other	0	51
Total	180,824	178,189
Mortgage trading loans and ABS
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	3,727	4,117
Securities Loaned	0	0
Other	0	0
Total	$ 3,727	$ 4,117

Securities Financing Agreemen_6

Securities Financing Agreements, Collateral and Restricted Cash - Collateral (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Securities Financing Agreements, Short-term Borrowings and Restricted Cash [Abstract]
Securities held as collateral, fair value	$ 759.9	$ 854.8
Securities received as collateral, amount re-pledged and sold	$ 702.6	$ 782.7

Securities Financing Agreemen_7

Securities Financing Agreements, Collateral and Restricted Cash - Restricted Cash (Details) - USD ($) $ in Billions	Jun. 30, 2022	Dec. 31, 2021
Securities Financing Agreements, Short-term Borrowings and Restricted Cash [Abstract]
Restricted cash	$ 6.4	$ 5.9

Commitments and Contingencies -

Commitments and Contingencies - Credit Extension Commitments Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Legally binding unfunded commitments syndicated	$ 11,200	$ 10,700
Credit extension commitments, carrying value	1,500	1,500
Notional amount of credit extension commitments under fair value option	3,600	4,800
Unfunded loan commitments
Other Commitments [Line Items]
Fair value carrying amount, liabilities	$ 220	$ 97

Commitments and Contingencies_2

Commitments and Contingencies - Credit Extension Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Expire in One Year or Less	$ 565,938	$ 533,045
Expire After One Year Through Three Years	192,066	206,709
Expire After Three Years Through Five Years	213,360	187,400
Expire After Five Years	51,302	52,664
Total	1,022,666	979,818
Legally binding commitments
Other Commitments [Line Items]
Expire in One Year or Less	146,884	126,876
Expire After One Year Through Three Years	192,066	206,709
Expire After Three Years Through Five Years	213,360	187,400
Expire After Five Years	51,302	52,664
Total	603,612	573,649
Loan commitments
Other Commitments [Line Items]
Expire in One Year or Less	119,081	102,464
Expire After One Year Through Three Years	176,567	190,687
Expire After Three Years Through Five Years	199,835	174,978
Expire After Five Years	27,012	26,635
Total	522,495	494,764
Unfunded loan commitment, held as a security
Other Commitments [Line Items]
Total	3,800	4,600
Home equity lines of credit
Other Commitments [Line Items]
Expire in One Year or Less	1,111	890
Expire After One Year Through Three Years	6,169	5,097
Expire After Three Years Through Five Years	10,961	10,268
Expire After Five Years	22,490	24,276
Total	40,731	40,531
Standby letters of credit and financial guarantees
Other Commitments [Line Items]
Expire in One Year or Less	25,634	22,359
Expire After One Year Through Three Years	9,213	10,742
Expire After Three Years Through Five Years	2,458	2,017
Expire After Five Years	559	422
Total	37,864	35,540
Standby letters of credit and financial guarantees | Credit Card and Other Consumer
Other Commitments [Line Items]
Total	146	512
Standby letters of credit and financial guarantees | Investment grade
Other Commitments [Line Items]
Total	27,200	26,300
Standby letters of credit and financial guarantees | Non-investment grade
Other Commitments [Line Items]
Total	10,500	8,700
Letters of credit
Other Commitments [Line Items]
Expire in One Year or Less	1,028	1,145
Expire After One Year Through Three Years	94	124
Expire After Three Years Through Five Years	22	56
Expire After Five Years	69	98
Total	1,213	1,423
Other commitments
Other Commitments [Line Items]
Expire in One Year or Less	30	18
Expire After One Year Through Three Years	23	59
Expire After Three Years Through Five Years	84	81
Expire After Five Years	1,172	1,233
Total	1,309	1,391
Credit card lines
Other Commitments [Line Items]
Expire in One Year or Less	419,054	406,169
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	$ 419,054	$ 406,169

Commitments and Contingencies_3

Commitments and Contingencies - Other Commitments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Liquefied Natural Gas Commodities
Loss Contingencies [Line Items]
Other commitments	$ 410	$ 949
Resale and Forward-Dated Resale and Securities Borrowing Agreements
Loss Contingencies [Line Items]
Other commitments	96,200	92,000
Forward-Dated Repurchase and Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitments	63,300	32,600
Auto Loans and Leases
Loss Contingencies [Line Items]
Other commitment, due in next twelve months	$ 3,800	4,000
Other commitment, termination prior notice period	12 months
Equity Investment Commitments
Loss Contingencies [Line Items]
Other commitments	$ 958	395
Residential and Commercial Portfolio Segments | Residential and Commercial Financing Receivable | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	1,200	181
Commercial | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 275	$ 518

Commitments and Contingencies_4

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Subsidiary, ownership interest, percentage	100%
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	$ 482,000
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	4,400	$ 6,300
Maximum potential exposure	654	928
FICC Repo Program
Loss Contingencies [Line Items]
Maximum potential exposure	39,900	42,000
Representations and Warranties Obligations and Corporate Guarantees
Loss Contingencies [Line Items]
Loss contingency accrual	$ 1,200	$ 1,200

Commitments and Contingencies_5

Commitments and Contingencies - Litigation and Regulatory Matters (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loss Contingencies [Line Items]
Litigation settlement expense	$ 498,000,000	$ 55,000,000	$ 604,000,000	$ 89,000,000
Minimum
Loss Contingencies [Line Items]
Estimated range of possible loss	0		0
Maximum
Loss Contingencies [Line Items]
Estimated range of possible loss	$ 1,000,000,000		$ 1,000,000,000

Commitment and Contingencies -

Commitment and Contingencies - Prepaid Debit Card Investigations (Details) - Subsequent Event $ in Millions	Jul. 14, 2022 USD ($) proceeding
Office Of The Comptroller Of The Currency (OCC) And Consumer Financial Protection Bureau (CFPB)
Loss Contingencies [Line Items]
Number of proceedings | proceeding	2
Office of the Comptroller of the Currency (OCC)
Loss Contingencies [Line Items]
Litigation amount	$ 125
Consumer Financial Protection Bureau (CFPB)
Loss Contingencies [Line Items]
Litigation amount	$ 100

Shareholders' Equity - Declared

Shareholders' Equity - Declared Quarterly Cash Dividends on Common Stock (Details) - $ / shares	Jul. 20, 2022	Apr. 27, 2022	Feb. 02, 2022
Dividends Payable [Line Items]
Dividends per share (in dollars per share)		$ 0.21	$ 0.21
Subsequent Event
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.22

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions				3 Months Ended		6 Months Ended
	Jul. 20, 2022	Apr. 27, 2022	Feb. 02, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Common Stock
Dividends per share (in dollars per share)		$ 0.21	$ 0.21
Total purchase price of shares repurchased and retired				$ 975	$ 4,209	$ 3,625	$ 7,679
Subsequent Event
Common Stock
Dividends per share (in dollars per share)	$ 0.22
Common Stock
Common Stock
Total number of shares repurchased and retired (in shares)				27		85
Stock issued (in shares)						68
Shares paid for tax withholding for share based compensation (in shares)						26
Share-based compensation, number of shares authorized (in shares)				496		496
Common Stock | CCAR Capital Plan Repurchases
Common Stock
Total purchase price of shares repurchased and retired				$ 975		$ 3,600

Shareholders' Equity - Preferre

Shareholders' Equity - Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended			6 Months Ended
	Apr. 22, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Preferred Stock Exchanges [Line Items]
Preferred stock dividends		$ 315	$ 467	$ 260	$ 782	$ 750
Issuance of preferred stock		$ 1,997			$ 4,426	$ 902
Series TT Preferred Stock
Preferred Stock Exchanges [Line Items]
Preferred stock issued (in shares)	80,000
Per annum dividend rate	6.125%
Issuance of preferred stock	$ 2,000
Liquidation preference per share (in dollars per share)	$ 25,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in Accumulated OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 266,617	$ 274,000	$ 270,066	$ 272,924
Net change	(3,257)	409	(11,570)	(1,407)
Ending balance	269,118	277,119	269,118	277,119
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(13,417)	(3,472)	(5,104)	(1,656)
Ending balance	(16,674)	(3,063)	(16,674)	(3,063)
Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			3,045	5,122
Net change			(5,269)	(1,090)
Ending balance	(2,224)	4,032	(2,224)	4,032
Debit Valuation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(1,636)	(1,992)
Net change			836	265
Ending balance	(800)	(1,727)	(800)	(1,727)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(1,880)	426
Net change			(7,187)	(699)
Ending balance	(9,067)	(273)	(9,067)	(273)
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(3,642)	(4,266)
Net change			60	120
Ending balance	(3,582)	(4,146)	(3,582)	(4,146)
Foreign Currency
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(991)	(946)
Net change			(10)	(3)
Ending balance	$ (1,001)	$ (949)	$ (1,001)	$ (949)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in OCI Components Pre- and After-tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
After- tax
Comprehensive income (loss)	$ 2,990	$ 9,633	$ 1,744	$ 15,867
Total other comprehensive income (loss)
Pretax
Net change			(14,965)	(1,774)
Tax effect
Net change			3,395	367
After- tax
Comprehensive income (loss)			(11,570)	(1,407)
Debt Securities
Pretax
Net increase (decrease) in fair value			(6,972)	(1,445)
Net realized (gains) losses reclassified into earnings			(22)	0
Net change			(6,994)	(1,445)
Tax effect
Net increase (decrease) in fair value			1,719	355
Net realized (gains) losses reclassified into earnings			6	0
Net change			1,725	355
After- tax
Net increase (decrease) in fair value			(5,253)	(1,090)
Net realized (gains) losses reclassified into earnings			(16)	0
Comprehensive income (loss)			(5,269)	(1,090)
Debit Valuation Adjustments
Pretax
Net increase (decrease) in fair value			1,100	336
Net realized (gains) losses reclassified into earnings			3	7
Net change			1,103	343
Tax effect
Net increase (decrease) in fair value			(267)	(76)
Net realized (gains) losses reclassified into earnings			0	(2)
Net change			(267)	(78)
After- tax
Net increase (decrease) in fair value			833	260
Net realized (gains) losses reclassified into earnings			3	5
Comprehensive income (loss)			836	265
Derivatives
Pretax
Net increase (decrease) in fair value			(9,621)	(820)
Net realized (gains) losses reclassified into earnings			51	(110)
Net change			(9,570)	(930)
Tax effect
Net increase (decrease) in fair value			2,397	205
Net realized (gains) losses reclassified into earnings			(14)	26
Net change			2,383	231
After- tax
Net increase (decrease) in fair value			(7,224)	(615)
Net realized (gains) losses reclassified into earnings			37	(84)
Comprehensive income (loss)			(7,187)	(699)
Derivatives | Net interest income
Pretax
Net realized (gains) losses reclassified into earnings			70	(84)
Tax effect
Net realized (gains) losses reclassified into earnings			(18)	20
After- tax
Net realized (gains) losses reclassified into earnings			52	(64)
Derivatives | Compensation and benefits expense
Pretax
Net realized (gains) losses reclassified into earnings			(19)	(26)
Tax effect
Net realized (gains) losses reclassified into earnings			4	6
After- tax
Net realized (gains) losses reclassified into earnings			(15)	(20)
Employee Benefit Plans
Pretax
Net realized (gains) losses reclassified into earnings			89	142
Net change			89	142
Tax effect
Net realized (gains) losses reclassified into earnings			(29)	(22)
Net change			(29)	(22)
After- tax
Net realized (gains) losses reclassified into earnings			60	120
Comprehensive income (loss)			60	120
Foreign Currency
Pretax
Net increase (decrease) in fair value			407	116
Net change			407	116
Tax effect
Net increase (decrease) in fair value			(417)	(119)
Net change			(417)	(119)
After- tax
Net increase (decrease) in fair value			(10)	(3)
Comprehensive income (loss)			$ (10)	$ (3)

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			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings per common share
Net income	$ 6,247		$ 9,224	$ 13,314	$ 17,274
Preferred stock dividends	(315)	$ (467)	(260)	(782)	(750)
Net income applicable to common shareholders	$ 5,932		$ 8,964	$ 12,532	$ 16,524
Average common shares issued and outstanding (in shares)	8,121.6		8,620.8	8,129.3	8,660.4
Earnings per common share (in dollars per share)	$ 0.73		$ 1.04	$ 1.54	$ 1.91
Diluted earnings per common share
Net income applicable to common shareholders	$ 5,932		$ 8,964	$ 12,532	$ 16,524
Add preferred stock dividends due to assumed conversions	0		56	0	112
Net income allocated to common shareholders	$ 5,932		$ 9,020	$ 12,532	$ 16,636
Average common shares issued and outstanding (in shares)	8,121.6		8,620.8	8,129.3	8,660.4
Dilutive potential common shares (in shares)	41.5		114.7	52.9	115.8
Total diluted average common shares issued and outstanding (in shares)	8,163.1		8,735.5	8,182.2	8,776.2
Diluted earnings per common share (in dollars per share)	$ 0.73		$ 1.03	$ 1.53	$ 1.90

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
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

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell	$ 154,287	$ 150,665
Trading account assets	294,027	247,080
Derivative assets	408,700	348,400
Derivative assets	62,047	35,344
Total available-for-sale debt securities	266,254	299,178
Other debt securities carried at fair value	8,411	8,895
Loans and leases	5,496	7,819
Loans held-for-sale	1,870	4,455
Other assets, measured at fair value	7,980	12,144
Liabilities
Interest-bearing deposits in U.S. offices	444	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	145,165	139,641
Derivative liabilities	389,500	355,500
Derivative liabilities	38,425	37,675
Short-term borrowings	2,931	4,279
Long-term debt	28,375	29,708
U.S. Treasury and government agencies
Assets
Total available-for-sale debt securities	194,055	199,145
Agency
Assets
Total available-for-sale debt securities	28,725	46,339
Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	2,613	3,380
Non-agency residential
Assets
Total available-for-sale debt securities	430	583
Commercial
Assets
Total available-for-sale debt securities	12,560	19,604
Other taxable securities
Assets
Total available-for-sale debt securities	3,270	2,761
Tax-exempt securities
Assets
Total available-for-sale debt securities	12,765	15,433
Recurring
Assets
Time deposits placed and other short-term investments	774	707
Federal funds sold and securities borrowed or purchased under agreements to resell	154,287	150,665
Trading account assets	294,027	247,080
Netting adjustments	(346,682)	(313,118)
Derivative assets	62,047	35,344
Total available-for-sale debt securities	266,254	299,178
Other debt securities carried at fair value	8,411	8,895
Loans and leases	5,496	7,819
Loans held-for-sale	1,870	4,455
Other assets, measured at fair value	7,980	12,144
Total assets	801,146	766,287
Liabilities
Interest-bearing deposits in U.S. offices	444	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	145,165	139,641
Total trading account liabilities	97,302	100,690
Netting adjustment	(351,080)	(317,782)
Derivative liabilities	38,425	37,675
Short-term borrowings	2,931	4,279
Accrued expenses and other liabilities	6,981	11,489
Long-term debt	28,375	29,708
Total liabilities	319,623	323,890
Mortgage servicing rights	$ 963	$ 818
Level 3 recurring assets, as a percent of total assets	0.33%	0.34%
Level 3 recurring liabilities, as a percent of total liabilities	0.19%	0.24%
Recurring | U.S. Treasury and government agencies
Assets
Trading account assets	$ 47,186	$ 45,402
Liabilities
Total trading account liabilities	19,821	20,139
Recurring | Corporate securities, trading loans and other
Assets
Trading account assets	47,801	33,711
Liabilities
Total trading account liabilities	8,474	8,135
Recurring | Equity securities
Assets
Trading account assets	131,006	99,998
Liabilities
Total trading account liabilities	44,827	48,235
Recurring | Non-U.S. sovereign debt
Assets
Trading account assets	34,847	29,830
Liabilities
Total trading account liabilities	24,180	24,181
Recurring | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	22,965	25,754
Recurring | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	10,222	12,385
Recurring | U.S. Treasury and government agencies
Assets
Total available-for-sale debt securities	194,055	199,145
Other debt securities carried at fair value	190	575
Recurring | Agency
Assets
Total available-for-sale debt securities	28,725	46,339
Recurring | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	2,613	3,380
Recurring | Non-agency residential
Assets
Total available-for-sale debt securities	430	583
Other debt securities carried at fair value	409	585
Recurring | Commercial
Assets
Total available-for-sale debt securities	12,560	19,604
Recurring | Non-U.S. securities
Assets
Total available-for-sale debt securities	11,836	11,933
Recurring | Other taxable securities
Assets
Total available-for-sale debt securities	3,270	2,761
Recurring | Tax-exempt securities
Assets
Total available-for-sale debt securities	12,765	15,433
Recurring | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	7,812	7,735
Recurring | Securities gegregated for compliance or deposited with clearing organizations
Assets
Trading account assets	11,300	10,600
Recurring | Commodities Investment
Assets
Trading account assets	2,000	752
Recurring | Level 1
Assets
Time deposits placed and other short-term investments	774	707
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	155,799	109,846
Derivative assets	21,180	34,748
Total available-for-sale debt securities	193,081	198,071
Other debt securities carried at fair value	4,241	3,155
Loans and leases	0	0
Loans held-for-sale	0	0
Other assets, measured at fair value	4,980	7,657
Total assets	380,055	354,184
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	70,387	71,970
Derivative liabilities	19,572	35,282
Short-term borrowings	0	0
Accrued expenses and other liabilities	5,457	8,359
Long-term debt	0	0
Total liabilities	95,416	115,611
Recurring | Level 1 | U.S. Treasury and government agencies
Assets
Trading account assets	46,899	44,599
Liabilities
Total trading account liabilities	19,495	19,826
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	99,723	61,425
Liabilities
Total trading account liabilities	37,397	41,744
Recurring | Level 1 | Non-U.S. sovereign debt
Assets
Trading account assets	9,177	3,822
Liabilities
Total trading account liabilities	13,495	10,400
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 government agencies
Assets
Total available-for-sale debt securities	193,080	198,071
Other debt securities carried at fair value	190	575
Recurring | Level 1 | Agency
Assets
Total available-for-sale debt securities	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	4,051	2,580
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	154,287	150,665
Trading account assets	133,826	133,011
Derivative assets	384,582	310,581
Total available-for-sale debt securities	72,622	100,668
Other debt securities carried at fair value	4,058	5,498
Loans and leases	5,240	7,071
Loans held-for-sale	1,525	4,138
Other assets, measured at fair value	1,250	2,915
Total assets	757,390	714,547
Liabilities
Interest-bearing deposits in U.S. offices	444	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	145,165	139,641
Total trading account liabilities	26,901	28,709
Derivative liabilities	365,284	314,380
Short-term borrowings	2,931	4,279
Accrued expenses and other liabilities	1,461	3,130
Long-term debt	27,563	28,633
Total liabilities	569,749	519,180
Recurring | Level 2 | U.S. Treasury and government agencies
Assets
Trading account assets	287	803
Liabilities
Total trading account liabilities	326	313
Recurring | Level 2 | Corporate securities, trading loans and other
Assets
Trading account assets	45,434	31,601
Liabilities
Total trading account liabilities	8,460	8,124
Recurring | Level 2 | Equity securities
Assets
Trading account assets	31,104	38,383
Liabilities
Total trading account liabilities	7,430	6,491
Recurring | Level 2 | Non-U.S. sovereign debt
Assets
Trading account assets	25,200	25,612
Liabilities
Total trading account liabilities	10,685	13,781
Recurring | Level 2 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	22,869	25,645
Recurring | Level 2 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	8,932	10,967
Recurring | Level 2 | U.S. Treasury and government agencies
Assets
Total available-for-sale debt securities	975	1,074
Other debt securities carried at fair value	0	0
Recurring | Level 2 | Agency
Assets
Total available-for-sale debt securities	28,725	46,339
Recurring | Level 2 | Agency-collateralized mortgage obligations
Assets
Total available-for-sale debt securities	2,613	3,380
Recurring | Level 2 | Non-agency residential
Assets
Total available-for-sale debt securities	131	267
Other debt securities carried at fair value	297	343
Recurring | Level 2 | Commercial
Assets
Total available-for-sale debt securities	12,560	19,604
Recurring | Level 2 | Non-U.S. securities
Assets
Total available-for-sale debt securities	11,636	11,933
Recurring | Level 2 | Other taxable securities
Assets
Total available-for-sale debt securities	3,269	2,690
Recurring | Level 2 | Tax-exempt securities
Assets
Total available-for-sale debt securities	12,713	15,381
Recurring | Level 2 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	3,761	5,155
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	4,402	4,223
Derivative assets	2,967	3,133	$ 3,300
Total available-for-sale debt securities	551	439
Other debt securities carried at fair value	112	242
Loans and leases	256	748
Loans held-for-sale	345	317
Other assets, measured at fair value	1,750	1,572
Total assets	10,383	10,674
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	14	11
Derivative liabilities	4,649	5,795	$ 6,200
Short-term borrowings	0	0
Accrued expenses and other liabilities	63	0
Long-term debt	812	1,075
Total liabilities	5,538	6,881
Mortgage servicing rights	963	818
Recurring | Level 3 | U.S. Treasury and government agencies
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	2,367	2,110
Liabilities
Total trading account liabilities	14	11
Recurring | Level 3 | Equity securities
Assets
Trading account assets	179	190
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | Non-U.S. sovereign debt
Assets
Trading account assets	470	396
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	96	109
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	1,290	1,418
Recurring | Level 3 | U.S. Treasury and government agencies
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
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	299	316
Other debt securities carried at fair value	112	242
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	199	0
Recurring | Level 3 | Other taxable securities
Assets
Total available-for-sale debt securities	1	71
Recurring | Level 3 | Tax-exempt securities
Assets
Total available-for-sale debt securities	52	52
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (9)	$ 67	$ 71	$ (5)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning	(2,134)	(3,206)	(2,662)	(3,468)
Total realized and unrealized gains (losses) included in Net Income	725	5	1,342	291
Gains (losses) in OCI	0	0	0	0
Purchases	67	211	125	349
Sales	(166)	(88)	(351)	(349)
Issuances	0	0	0	0
Settlements	237	36	344	183
Gross Transfers into Level 3	(36)	(83)	(179)	(191)
Gross Transfers out of Level 3	(375)	241	(301)	301
Balance, ending	(1,682)	(2,884)	(1,682)	(2,884)
Change in unrealized gains/(losses) In net income related to financial instruments still held	763	(19)	1,238	192
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(9)	67	71	(5)
Derivative assets	408,700		408,700		$ 348,400
Derivative liabilities	389,500		389,500		355,500
Level 3 | Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Derivative assets	2,967	3,300	2,967	3,300	3,133
Derivative liabilities	4,649	6,200	4,649	6,200	$ 5,795
Trading account liabilities – Corporate securities and other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(11)	(16)	(11)	(16)
Total realized and unrealized gains (losses) included in Net Income	(1)	0	(1)	0
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	(1)	0	(1)
Settlements	(2)	0	(2)	0
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	(14)	(17)	(14)	(17)
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0	0	1
Accrued expenses and other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(50)		0
Total realized and unrealized gains (losses) included in Net Income	(13)		(63)
Gains (losses) in OCI	0		0
Purchases	0		0
Sales	0		0
Issuances	0		0
Settlements	0		0
Gross Transfers into Level 3	0		0
Gross Transfers out of Level 3	0		0
Balance, ending	(63)		(63)
Change in unrealized gains/(losses) In net income related to financial instruments still held	(13)		(64)
Long-term debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(877)	(1,028)	(1,075)	(1,164)
Total realized and unrealized gains (losses) included in Net Income	(13)	(67)	(122)	(18)
Gains (losses) in OCI	46	15	79	2
Purchases	0	2	0	2
Sales	14	0	14	0
Issuances	(1)	(2)	(1)	(2)
Settlements	13	19	17	37
Gross Transfers into Level 3	0	0	(6)	(32)
Gross Transfers out of Level 3	6	1	282	115
Balance, ending	(812)	(1,060)	(812)	(1,060)
Change in unrealized gains/(losses) In net income related to financial instruments still held	(13)	(66)	(125)	(34)
Total trading account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	4,483	3,684	4,223	3,380
Total realized and unrealized gains (losses) included in Net Income	(163)	80	(221)	106
Gains (losses) in OCI	(34)	34	19	12
Purchases	850	312	1,009	728
Sales	(218)	(410)	(532)	(801)
Issuances	0	0	0	1
Settlements	(172)	(144)	(230)	(197)
Gross Transfers into Level 3	240	546	912	1,006
Gross Transfers out of Level 3	(584)	(166)	(778)	(299)
Balance, ending	4,402	3,936	4,402	3,936
Change in unrealized gains/(losses) In net income related to financial instruments still held	(192)	49	(172)	48
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(34)	34	19	12
Corporate securities, trading loans and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,189	1,516	2,110	1,359
Total realized and unrealized gains (losses) included in Net Income	(67)	38	(69)	25
Gains (losses) in OCI	(1)	0	(1)	0
Purchases	755	185	767	426
Sales	(45)	(110)	(198)	(257)
Issuances	0	0	0	0
Settlements	(99)	(116)	(117)	(133)
Gross Transfers into Level 3	152	306	520	458
Gross Transfers out of Level 3	(517)	(55)	(645)	(114)
Balance, ending	2,367	1,764	2,367	1,764
Change in unrealized gains/(losses) In net income related to financial instruments still held	(90)	16	(53)	(5)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(1)	0	(1)	0
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	183	273	190	227
Total realized and unrealized gains (losses) included in Net Income	(9)	32	7	22
Gains (losses) in OCI	0	0	0	0
Purchases	12	8	28	53
Sales	(9)	(26)	(15)	(49)
Issuances	0	0	0	0
Settlements	0	0	(4)	0
Gross Transfers into Level 3	18	26	26	78
Gross Transfers out of Level 3	(16)	(53)	(53)	(71)
Balance, ending	179	260	179	260
Change in unrealized gains/(losses) In net income related to financial instruments still held	(7)	23	(11)	14
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Non-U.S. sovereign debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	496	334	396	354
Total realized and unrealized gains (losses) included in Net Income	(1)	20	19	20
Gains (losses) in OCI	(33)	34	20	12
Purchases	5	0	7	2
Sales	(2)	0	(2)	0
Issuances	0	0	0	0
Settlements	0	0	(15)	0
Gross Transfers into Level 3	5	26	50	26
Gross Transfers out of Level 3	0	0	(5)	0
Balance, ending	470	414	470	414
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	20	16	23
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(33)	34	20	12
Mortgage trading loans, MBS and ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,615	1,561	1,527	1,440
Total realized and unrealized gains (losses) included in Net Income	(86)	(10)	(178)	39
Gains (losses) in OCI	0	0	0	0
Purchases	78	119	207	247
Sales	(162)	(274)	(317)	(495)
Issuances	0	0	0	1
Settlements	(73)	(28)	(94)	(64)
Gross Transfers into Level 3	65	188	316	444
Gross Transfers out of Level 3	(51)	(58)	(75)	(114)
Balance, ending	1,386	1,498	1,386	1,498
Change in unrealized gains/(losses) In net income related to financial instruments still held	(95)	(10)	(124)	16
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Total AFS debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	451	468	439	643
Total realized and unrealized gains (losses) included in Net Income	1	3	5	1
Gains (losses) in OCI	(6)	4	(31)	(99)
Purchases	126	0	126	8
Sales	0	0	(8)	0
Issuances	0	0	0	0
Settlements	(28)	(9)	(72)	(31)
Gross Transfers into Level 3	74	0	161	36
Gross Transfers out of Level 3	(67)	(125)	(69)	(217)
Balance, ending	551	341	551	341
Change in unrealized gains/(losses) In net income related to financial instruments still held	(2)	3	4	14
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(6)	4	(31)	(99)
Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	244	284	316	378
Total realized and unrealized gains (losses) included in Net Income	(2)	1	2	(15)
Gains (losses) in OCI	2	3	(22)	(94)
Purchases	0	0	0	0
Sales	0	0	(8)	0
Issuances	0	0	0	0
Settlements	(19)	(8)	(63)	(25)
Gross Transfers into Level 3	74	0	74	36
Gross Transfers out of Level 3	0	(75)	0	(75)
Balance, ending	299	205	299	205
Change in unrealized gains/(losses) In net income related to financial instruments still held	(2)	0	2	(2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	2	3	(22)	(94)
Non-U.S. and other taxable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	155	86	71	89
Total realized and unrealized gains (losses) included in Net Income	3	(1)	3	(1)
Gains (losses) in OCI	(8)	1	(9)	(5)
Purchases	126	0	126	8
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(9)	(1)	(9)	(6)
Gross Transfers into Level 3	0	0	87	0
Gross Transfers out of Level 3	(67)	0	(69)	0
Balance, ending	200	85	200	85
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	0	3	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(8)	1	(9)	(5)
Tax-exempt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	52	98	52	176
Total realized and unrealized gains (losses) included in Net Income	0	3	0	17
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	(50)	0	(142)
Balance, ending	52	51	52	51
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	3	(1)	16
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	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	138	260	242	267
Total realized and unrealized gains (losses) included in Net Income	(1)	3	(40)	2
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(8)	(14)	(73)	(20)
Gross Transfers into Level 3	0	32	0	32
Gross Transfers out of Level 3	(17)	0	(17)	0
Balance, ending	112	281	112	281
Change in unrealized gains/(losses) In net income related to financial instruments still held	(1)	3	(5)	2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Loans and leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	690	793	748	717
Total realized and unrealized gains (losses) included in Net Income	(11)	34	(41)	104
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	(153)	0	(154)	0
Issuances	0	60	0	70
Settlements	(21)	(46)	(48)	(80)
Gross Transfers into Level 3	0	16	0	46
Gross Transfers out of Level 3	(249)	0	(249)	0
Balance, ending	256	857	256	857
Change in unrealized gains/(losses) In net income related to financial instruments still held	(9)	34	(34)	111
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Loans held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	382	220	317	236
Total realized and unrealized gains (losses) included in Net Income	17	10	24	4
Gains (losses) in OCI	(7)	11	5	3
Purchases	66	38	170	38
Sales	(6)	0	(6)	0
Issuances	0	0	0	0
Settlements	(115)	(23)	(173)	(40)
Gross Transfers into Level 3	8	7	8	26
Gross Transfers out of Level 3	0	0	0	(4)
Balance, ending	345	263	345	263
Change in unrealized gains/(losses) In net income related to financial instruments still held	13	4	18	(5)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(7)	11	5	3
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,695	2,090	1,572	1,970
Total realized and unrealized gains (losses) included in Net Income	82	(153)	226	21
Gains (losses) in OCI	(8)	4	(5)	8
Purchases	0	55	0	55
Sales	0	(144)	1	(145)
Issuances	45	23	85	64
Settlements	(64)	(100)	(133)	(205)
Gross Transfers into Level 3	0	0	4	7
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	1,750	1,775	1,750	1,775
Change in unrealized gains/(losses) In net income related to financial instruments still held	61	(117)	193	46
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (8)	$ 4	$ (5)	$ 8

Fair Value Measurements - Rec_2

Fair Value Measurements - Recurring Fair Value Inputs (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) $ / security $ / MMBTU	Dec. 31, 2021 USD ($) $ / MMBTU $ / security
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 7,980,000,000	$ 12,144,000,000
Long-term debt	(28,375,000,000)	(29,708,000,000)
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	7,980,000,000	12,144,000,000
MSRs	963,000,000	818,000,000
Long-term debt	(28,375,000,000)	(29,708,000,000)
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	806,000,000	1,269,000,000
Instruments backed by commercial real estate assets	467,000,000	298,000,000
Commercial loans, debt securities and other	4,214,000,000	4,212,000,000
Other assets, primarily auction rate securities	1,750,000,000	1,572,000,000
MSRs	963,000,000	818,000,000
Long-term debt	(812,000,000)	(1,075,000,000)
Net derivative asset (liability)	$ (1,682,000,000)	$ (2,662,000,000)
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	0.03	0
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	0.20	0
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	1.45	0.19
Recurring | Level 3 | Yield | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.25	0.25
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	1.45	0.19
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	0.16	0.10
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.06	0.04
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.22	0.18
Recurring | Level 3 | Prepayment speed | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	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	0.33	0.40
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	0.14	0.19
Commercial loans, debt securities and other	0.16	0.16
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 | 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	120	168
Commercial loans, debt securities and other	157	189
Other assets, primarily auction rate securities | $ / security	95	96
Recurring | Level 3 | Price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	100	101
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	100	125
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	28	92
Commercial loans, debt securities and other | $ / security	73	73
Other assets, primarily auction rate securities | $ / security	93	91
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	75	57
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	71	82
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	1	0.43
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	0.24	0.13
Commercial loans, debt securities and other	0.37	0.37
Recurring | Level 3 | Discount rate | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.10	0.09
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	14 years	14 years
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	5 years	4 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	12 years	10 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	3 years	3 years
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	0.12	0.12
Recurring | Level 3 | Equity correlation | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0	0.03
Recurring | Level 3 | Equity correlation | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.92	1
Recurring | Level 3 | Equity correlation | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.58	0.80
Recurring | Level 3 | Long-dated equity volatilities | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other		0.45
Recurring | Level 3 | Long-dated equity volatilities | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.05
Recurring | Level 3 | Long-dated equity volatilities | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.78
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		0.36
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	3	2
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	8	8
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	5	4
Recurring | Level 3 | Credit derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (26,000,000)	$ (104,000,000)
Recurring | Level 3 | Credit derivatives | Prepayment speed | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.15
Recurring | Level 3 | Credit derivatives | Default rate | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
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	151	120
Recurring | Level 3 | Credit derivatives | Price | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	58	53
Recurring | Level 3 | Credit derivatives | Credit spreads | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0002	0.0007
Recurring | Level 3 | Credit derivatives | Credit spreads | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0176	0.0155
Recurring | Level 3 | Credit derivatives | Credit spreads | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0069	0.0061
Recurring | Level 3 | Credit derivatives | Upfront points | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0.0016
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)	0.0068	0.0068
Recurring | Level 3 | Credit derivatives | Credit correlation | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.19	0.20
Recurring | Level 3 | Credit derivatives | Credit correlation | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.60	0.60
Recurring | Level 3 | Credit derivatives | Credit correlation | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.43	0.55
Recurring | Level 3 | Equity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,283,000,000)	$ (1,710,000,000)
Recurring | Level 3 | Equity contracts | Equity correlation | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.04	0.03
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)	0.86	0.80
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.05	0.05
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.91	0.78
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.45	0.36
Recurring | Level 3 | Commodity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (434,000,000)	$ (976,000,000)
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)	3	2
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)	8	8
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)	5	4
Recurring | Level 3 | Commodity contracts | Correlation | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.65
Recurring | Level 3 | Commodity contracts | Correlation | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.85
Recurring | Level 3 | Commodity contracts | Correlation | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.76
Recurring | Level 3 | Commodity contracts | Power forward price | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	17	11
Recurring | Level 3 | Commodity contracts | Power forward price | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	197	103
Recurring | Level 3 | Commodity contracts | Power forward price | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	50	32
Recurring | Level 3 | Commodity contracts | Volatilities | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.41
Recurring | Level 3 | Commodity contracts | Volatilities | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.69
Recurring | Level 3 | Commodity contracts | Volatilities | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.63
Recurring | Level 3 | Interest rate contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ 61,000,000	$ 128,000,000
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.01)	(0.01)
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.92	0.90
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.66	0.54
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	(0.01)
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.58	0.58
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.45	0.44
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.16)	(0.10)
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.39	0.11
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.03
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.05	0.02
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.03	0.02
Recurring | Level 3 | Interest rate contracts | Interest rate volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Interest rate contracts | Interest rate volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring | Level 3 | Interest rate contracts | Interest rate 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, MBS and ABS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	$ 238,000,000	$ 338,000,000
Instruments backed by commercial real estate assets	73,000,000	77,000,000
Commercial loans, debt securities and other	1,075,000,000	1,112,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,400,000,000	1,500,000,000
Recurring | Level 3 | Loans and leases
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	157,000,000	373,000,000
Commercial loans, debt securities and other	99,000,000	375,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	256,000,000	748,000,000
Recurring | Level 3 | AFS debt securities – Non-agency residential
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	299,000,000	316,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	551,000,000	439,000,000
Recurring | Level 3 | Other debt securities carried at fair value – Non-agency residential
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	112,000,000	242,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	112,000,000	242,000,000
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	377,000,000	138,000,000
Commercial loans, debt securities and other	1,990,000,000	1,972,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	2,400,000,000	2,100,000,000
Recurring | Level 3 | Non-U.S. and other taxable securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets		71,000,000
Commercial loans, debt securities and other	200,000,000
Recurring | Level 3 | Loans held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	17,000,000	12,000,000
Commercial loans, debt securities and other	328,000,000	305,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	345,000,000	317,000,000
Recurring | Level 3 | Non-U.S. sovereign debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	470,000,000	396,000,000
Fair Value Inputs [Abstract]
Loans and securities, fair value	470,000,000	396,000,000
Recurring | Level 3 | Tax-exempt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	52,000,000	52,000,000
Recurring | Level 3 | Other assets, primarily auction rate securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	787,000,000	754,000,000
Recurring | Level 3 | Other Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 1,800,000,000	$ 1,600,000,000

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 1,870		$ 1,870		$ 4,455
Loans and leases	5,496		5,496		7,819
Other assets	7,980		7,980		12,144
Nonrecurring
Gains (Losses)
Loans held-for-sale	(31)	$ 9	(32)	$ 9
Loans and leases	(21)	(24)	(33)	(37)
Foreclosed properties	(2)	0	(1)	(1)
Other assets	(23)	(67)	(41)	(470)
Loss on loans and leases written down to zero	8	15	12	18
Nonrecurring | Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	71	66	71	66
Nonrecurring | Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	749	1,105	749	1,105
Loans and leases	0	0	0	0
Foreclosed properties	0	0	0	0
Other assets	85	322	85	322
Nonrecurring | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	403	52	403	52
Loans and leases	124	142	124	142	$ 213
Foreclosed properties	3	3	3	3
Other assets	$ 48	$ 2,172	$ 48	$ 2,172

Fair Value Measurements - Non_2

Fair Value Measurements - Nonrecurring Fair Value Inputs (Details) $ in Millions	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	$ 1,870	$ 4,455
Loans and leases, measured at fair value	5,496	7,819
Other assets, measured at fair value	7,980	12,144
Nonrecurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	403		$ 52
Loans and leases, measured at fair value	124	213	142
Other assets, measured at fair value	$ 48		$ 2,172
Nonrecurring | Level 3 | Market comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measured at fair value		166
Nonrecurring | Level 3 | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measured at fair value		$ 1,875
Price | Nonrecurring | Level 3 | Market comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	85
Price | Nonrecurring | Level 3 | Market comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	100
Price | Nonrecurring | Level 3 | Market comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	91
OREO discount | Nonrecurring | Level 3 | Market comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.10	0.13
OREO discount | Nonrecurring | Level 3 | Market comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.66	0.59
OREO discount | Nonrecurring | Level 3 | Market comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.26	0.24
Costs 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
Costs to sell | Nonrecurring | Level 3 | Market comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.24	0.26
Costs 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
Discount rate | Nonrecurring | Level 3 | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.07	0.07

Fair Value Option - Elections (

Fair Value Option - Elections (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value Carrying Amount
Assets	$ 154,287	$ 150,665
Contractual Principal Outstanding
Assets	154,412	150,677
Fair Value Carrying Amount Less Unpaid Principal
Assets	(125)	(12)
Loans reported as trading account assets
Fair Value Carrying Amount
Assets	11,234	10,864
Contractual Principal Outstanding
Assets	19,087	18,895
Fair Value Carrying Amount Less Unpaid Principal
Assets	(7,853)	(8,031)
Trading inventory – other
Fair Value Carrying Amount
Assets	18,638	21,986
Consumer and commercial loans
Fair Value Carrying Amount
Assets	5,496	7,819
Contractual Principal Outstanding
Assets	5,670	7,888
Fair Value Carrying Amount Less Unpaid Principal
Assets	(174)	(69)
Loans held-for-sale
Fair Value Carrying Amount
Assets	1,870	4,455
Contractual Principal Outstanding
Assets	2,876	5,343
Fair Value Carrying Amount Less Unpaid Principal
Assets	(1,006)	(888)
Other assets
Fair Value Carrying Amount
Assets	583	544
Long-term deposits
Fair Value Carrying Amount
Liabilities	444	408
Contractual Principal Outstanding
Liabilities	486	401
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(42)	7
Federal funds purchased and securities loaned or sold under agreements to repurchase
Fair Value Carrying Amount
Liabilities	145,165	139,641
Contractual Principal Outstanding
Liabilities	145,296	139,682
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(131)	(41)
Short-term borrowings
Fair Value Carrying Amount
Liabilities	2,931	4,279
Contractual Principal Outstanding
Liabilities	3,196	4,127
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(265)	152
Unfunded loan commitments
Fair Value Carrying Amount
Liabilities	220	97
Long-term debt
Fair Value Carrying Amount
Liabilities	28,375	29,708
Contractual Principal Outstanding
Liabilities	32,954	30,903
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	$ (4,579)	$ (1,195)

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Related to Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ (662)	$ 1,515	$ 1,312	$ 1,797
Gains (losses) related to borrower-specific credit risk	(432)	133	(501)	211
Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(153)	171	(149)	283
Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(2,588)	2,304	(2,128)	1,574
Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(113)	69	(148)	159
Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(90)	23	(222)	11
Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	3	61	562	474
Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(81)	(11)	(88)	(6)
Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	2,354	(1,055)	3,467	(685)
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	6	(47)	18	(13)
Market making and similar activities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(424)	1,531	1,696	1,795
Market making and similar activities | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(153)	171	(149)	283
Market making and similar activities | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(2,588)	2,304	(2,128)	1,574
Market making and similar activities | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(48)	43	(70)	114
Market making and similar activities | Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Market making and similar activities | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	3	61	562	474
Market making and similar activities | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Market making and similar activities | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	2,363	(1,047)	3,487	(661)
Market making and similar activities | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1)	(1)	(6)	11
Other Income
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(238)	(16)	(384)	2
Other Income | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(65)	26	(78)	45
Other Income | Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(90)	23	(222)	11
Other Income | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(81)	(11)	(88)	(6)
Other Income | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(9)	(8)	(20)	(24)
Other Income | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ 7	$ (46)	$ 24	$ (24)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Financial assets
Loans held-for-sale	$ 1,870,000,000	$ 4,455,000,000
Financial liabilities
Long-term debt	28,375,000,000	29,708,000,000
Demand deposits	947,500,000,000	1,000,000,000,000
Stated maturities	0	0
Carrying Value
Financial assets
Loans	999,851,000,000	946,142,000,000
Loans held-for-sale	6,654,000,000	15,635,000,000
Financial liabilities
Deposits	1,984,349,000,000	2,064,446,000,000
Long-term debt	275,697,000,000	280,117,000,000
Commercial unfunded lending commitments	1,682,000,000	1,554,000,000
Estimate of Fair Value Measurement
Financial assets
Loans	989,531,000,000	973,524,000,000
Loans held-for-sale	6,833,000,000	15,643,000,000
Financial liabilities
Deposits	1,984,126,000,000	2,064,438,000,000
Long-term debt	271,838,000,000	288,090,000,000
Commercial unfunded lending commitments	8,968,000,000	6,481,000,000
Estimate of Fair Value Measurement | Level 2
Financial assets
Loans	50,836,000,000	53,544,000,000
Loans held-for-sale	3,977,000,000	15,016,000,000
Financial liabilities
Deposits	1,984,126,000,000	2,064,438,000,000
Long-term debt	270,794,000,000	286,802,000,000
Commercial unfunded lending commitments	157,000,000	97,000,000
Estimate of Fair Value Measurement | Level 3
Financial assets
Loans	938,695,000,000	919,980,000,000
Loans held-for-sale	2,856,000,000	627,000,000
Financial liabilities
Deposits	0	0
Long-term debt	1,044,000,000	1,288,000,000
Commercial unfunded lending commitments	$ 8,811,000,000	$ 6,384,000,000

Business Segment Information -

Business Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 businessSegment
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net interest income	$ 12,547	$ 10,343	$ 24,225	$ 20,651
Noninterest income	10,244	11,233	21,900	23,857
Total revenue, net of interest expense	22,791	21,576	46,125	44,508
Provision for credit losses	523	(1,621)	553	(3,481)
Noninterest expense	15,273	15,045	30,592	30,560
Income before income taxes	6,995	8,152	14,980	17,429
Income tax expense	748	(1,072)	1,666	155
Net income	6,247	9,224	13,314	17,274
Period-end total assets	3,111,606	3,029,894	3,111,606	3,029,894	$ 3,169,495
Operating Segments
Segment Reporting Information [Line Items]
Total revenue, net of interest expense	24,077	23,061	48,852	46,931
Net income	6,565	7,363	13,996	15,155
Period-end total assets	2,974,933	2,823,553	2,974,933	2,823,553
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	7,087	5,973	13,767	11,893
Noninterest income	2,049	2,213	4,182	4,362
Total revenue, net of interest expense	9,136	8,186	17,949	16,255
Provision for credit losses	350	(697)	298	(1,314)
Noninterest expense	4,959	4,859	9,880	9,990
Income before income taxes	3,827	4,024	7,771	7,579
Income tax expense	938	986	1,904	1,857
Net income	2,889	3,038	5,867	5,722
Period-end total assets	1,154,366	1,063,650	1,154,366	1,063,650
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Net interest income	1,802	1,355	3,470	2,685
Noninterest income	3,631	3,710	7,439	7,351
Total revenue, net of interest expense	5,433	5,065	10,909	10,036
Provision for credit losses	33	(62)	(8)	(127)
Noninterest expense	3,875	3,813	7,890	7,682
Income before income taxes	1,525	1,314	3,027	2,481
Income tax expense	374	322	742	608
Net income	1,151	992	2,285	1,873
Period-end total assets	393,948	378,220	393,948	378,220
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Net interest income	2,634	1,984	4,978	3,964
Noninterest income	2,372	3,106	5,222	5,758
Total revenue, net of interest expense	5,006	5,090	10,200	9,722
Provision for credit losses	157	(831)	322	(1,957)
Noninterest expense	2,799	2,599	5,482	5,380
Income before income taxes	2,050	3,322	4,396	6,299
Income tax expense	543	897	1,165	1,701
Net income	1,507	2,425	3,231	4,598
Period-end total assets	591,490	607,969	591,490	607,969
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Net interest income	981	990	1,974	1,981
Noninterest income	3,521	3,730	7,820	8,937
Total revenue, net of interest expense	4,502	4,720	9,794	10,918
Provision for credit losses	8	22	13	17
Noninterest expense	3,109	3,471	6,226	6,898
Income before income taxes	1,385	1,227	3,555	4,003
Income tax expense	367	319	942	1,041
Net income	1,018	908	2,613	2,962
Period-end total assets	835,129	773,714	835,129	773,714
All Other
Segment Reporting Information [Line Items]
Net interest income	43	41	36	128
Noninterest income	(1,329)	(1,526)	(2,763)	(2,551)
Total revenue, net of interest expense	(1,286)	(1,485)	(2,727)	(2,423)
Provision for credit losses	(25)	(53)	(72)	(100)
Noninterest expense	531	303	1,114	610
Income before income taxes	(1,792)	(1,735)	(3,769)	(2,933)
Income tax expense	(1,474)	(3,596)	(3,087)	(5,052)
Net income	(318)	1,861	(682)	2,119
Period-end total assets	$ 136,673	$ 206,341	$ 136,673	$ 206,341

Business Segment Information _3

Business Segment Information - Noninterest Income by Business Segment and All Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total fees and commissions	$ 8,491	$ 9,705	$ 17,476	$ 19,241
Market making and similar activities	2,717	1,826	5,955	5,355
Other income (loss)	(964)	(298)	(1,531)	(739)
Total noninterest income	10,244	11,233	21,900	23,857
Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,555	1,586	2,958	3,021
Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	1,072	1,210	2,007	2,277
Other card income
Segment Reporting Information [Line Items]
Card income and service charges	483	376	951	744
Service charges
Segment Reporting Information [Line Items]
Card income and service charges	1,717	1,874	3,550	3,666
Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,417	1,557	2,947	3,052
Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	300	317	603	614
Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	4,091	4,123	8,383	8,186
Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,102	3,156	6,388	6,158
Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	989	967	1,995	2,028
Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	1,128	2,122	2,585	4,368
Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	435	1,314	1,107	2,860
Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	301	401	613	701
Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	392	407	865	807
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Total fees and commissions	2,075	2,241	4,187	4,338
Market making and similar activities	2	0	2	0
Other income (loss)	(28)	(28)	(7)	24
Total noninterest income	2,049	2,213	4,182	4,362
Operating Segments | Consumer Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,320	1,312	2,505	2,501
Operating Segments | Consumer Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	853	945	1,596	1,781
Operating Segments | Consumer Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	467	367	909	720
Operating Segments | Consumer Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	679	851	1,523	1,682
Operating Segments | Consumer Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	679	851	1,523	1,682
Operating Segments | Consumer Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
Operating Segments | Consumer Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	76	78	159	155
Operating Segments | Consumer Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	50	45	102	87
Operating Segments | Consumer Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	26	33	57	68
Operating Segments | Consumer Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Total fees and commissions	3,563	3,663	7,320	7,227
Market making and similar activities	23	11	36	22
Other income (loss)	45	36	83	102
Total noninterest income	3,631	3,710	7,439	7,351
Operating Segments | Global Wealth & Investment Management | Card income
Segment Reporting Information [Line Items]
Card income and service charges	17	21	35	40
Operating Segments | Global Wealth & Investment Management | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	4	12	11	22
Operating Segments | Global Wealth & Investment Management | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	13	9	24	18
Operating Segments | Global Wealth & Investment Management | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	19	18	38	36
Operating Segments | Global Wealth & Investment Management | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	19	18	38	36
Operating Segments | Global Wealth & Investment Management | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
Operating Segments | Global Wealth & Investment Management | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	3,486	3,536	7,140	6,928
Operating Segments | Global Wealth & Investment Management | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,056	3,109	6,290	6,071
Operating Segments | Global Wealth & Investment Management | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	430	427	850	857
Operating Segments | Global Wealth & Investment Management | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	41	88	107	223
Operating Segments | Global Wealth & Investment Management | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	41	88	107	223
Operating Segments | Global Wealth & Investment Management | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Wealth & Investment Management | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Total fees and commissions	1,834	2,293	3,788	4,503
Market making and similar activities	80	28	129	59
Other income (loss)	458	785	1,305	1,196
Total noninterest income	2,372	3,106	5,222	5,758
Operating Segments | Global Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	196	180	372	330
Operating Segments | Global Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	194	178	369	324
Operating Segments | Global Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	2	2	3	6
Operating Segments | Global Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	933	900	1,819	1,747
Operating Segments | Global Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	688	641	1,325	1,243
Operating Segments | Global Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	245	259	494	504
Operating Segments | Global Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	13	40	25	81
Operating Segments | Global Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0	0
Operating Segments | Global Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	13	40	25	81
Operating Segments | Global Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	692	1,173	1,572	2,345
Operating Segments | Global Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	179	587	454	1,241
Operating Segments | Global Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	152	210	318	371
Operating Segments | Global Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	361	376	800	733
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Total fees and commissions	1,079	1,609	2,302	3,320
Market making and similar activities	2,657	1,964	5,847	5,434
Other income (loss)	(215)	157	(329)	183
Total noninterest income	3,521	3,730	7,820	8,937
Operating Segments | Global Markets | Card income
Segment Reporting Information [Line Items]
Card income and service charges	17	73	31	150
Operating Segments | Global Markets | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	17	73	31	150
Operating Segments | Global Markets | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
Operating Segments | Global Markets | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	83	103	165	197
Operating Segments | Global Markets | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	28	45	56	87
Operating Segments | Global Markets | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	55	58	109	110
Operating Segments | Global Markets | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	518	474	1,063	1,033
Operating Segments | Global Markets | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0	0
Operating Segments | Global Markets | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	518	474	1,063	1,033
Operating Segments | Global Markets | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	461	959	1,043	1,940
Operating Segments | Global Markets | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	282	737	684	1,536
Operating Segments | Global Markets | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	149	191	295	330
Operating Segments | Global Markets | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	30	31	64	74
All Other
Segment Reporting Information [Line Items]
Total fees and commissions	(60)	(101)	(121)	(147)
Market making and similar activities	(45)	(177)	(59)	(160)
Other income (loss)	(1,224)	(1,248)	(2,583)	(2,244)
Total noninterest income	(1,329)	(1,526)	(2,763)	(2,551)
All Other | Card income
Segment Reporting Information [Line Items]
Card income and service charges	5	0	15	0
All Other | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	4	2	0	0
All Other | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	1	(2)	15	0
All Other | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	3	2	5	4
All Other | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	3	2	5	4
All Other | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
All Other | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	(2)	(5)	(4)	(11)
All Other | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(4)	2	(4)	0
All Other | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	2	(7)	0	(11)
All Other | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	(66)	(98)	(137)	(140)
All Other | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	(67)	(98)	(138)	(140)
All Other | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
All Other | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	$ 1	$ 0	$ 1	$ 0

Business Segment Information _4

Business Segment Information - Business Segment Reconciliations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	$ 22,791	$ 21,576	$ 46,125	$ 44,508
Total revenue, net of interest expense	22,688	21,466	45,916	44,287
Net income	6,247	9,224	13,314	17,274
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	24,077	23,061	48,852	46,931
Net income	6,565	7,363	13,996	15,155
Asset and liability management activities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(65)	(154)	(132)	(44)
Net income	(24)	(113)	(82)	(30)
Liquidating businesses, eliminations and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(1,221)	(1,331)	(2,595)	(2,379)
Net income	(294)	1,974	(600)	2,149
FTE basis adjustment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	$ (103)	$ (110)	$ (209)	$ (221)

Business Segment Information _5

Business Segment Information - Segments' Total Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Segments’ total assets
Total assets	$ 3,111,606	$ 3,169,495	$ 3,029,894
Operating Segments
Segments’ total assets
Total assets	2,974,933		2,823,553
Asset and liability management activities
Segments’ total assets
Total assets	1,179,629		1,250,633
Other
Segments’ total assets
Total assets	63,876		67,208
Elimination of segment asset allocations to match liabilities
Segments’ total assets
Total assets	$ (1,106,832)		$ (1,111,500)