The Goldman Sachs Group, Inc. (GS) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 21, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-14965
Entity Registrant Name	The Goldman Sachs Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-4019460
Entity Address, Address Line One	200 West Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10282
City Area Code	212
Local Phone Number	902-1000
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		338,634,588
Amendment Flag	false
Document Fiscal Year Focus	2022
Entity Central Index Key	0000886982
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Common stock, par value $.01 per share
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $.01 per share
Trading Symbol	GS
Security Exchange Name	NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series A
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrA
Security Exchange Name	NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series C
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrC
Security Exchange Name	NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series D
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrD
Security Exchange Name	NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrJ
Security Exchange Name	NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrK
Security Exchange Name	NYSE
5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II
Document Information [Line Items]
Title of 12(b) Security	Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II
Trading Symbol	GS/43PE
Security Exchange Name	NYSE
Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital III
Document Information [Line Items]
Title of 12(b) Security	Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital III
Trading Symbol	GS/43PF
Security Exchange Name	NYSE
Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due March 2031 of GS Finance Corp.
Document Information [Line Items]
Title of 12(b) Security	Medium-Term Notes
Trading Symbol	GS/31B
Security Exchange Name	NYSE
Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due May 2031 of GS Finance Corp.
Document Information [Line Items]
Title of 12(b) Security	Medium-Term Notes
Trading Symbol	GS/31X
Security Exchange Name	NYSE

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Investment banking	$ 1,541	$ 3,548	$ 5,457	$ 10,564
Investment management	2,276	2,139	6,733	5,840
Commissions and fees	995	860	3,079	2,766
Market making	4,642	3,929	15,561	13,096
Other principal transactions	478	1,568	338	9,759
Total non-interest revenues	9,932	12,044	31,168	42,025
Interest income	8,550	3,117	16,613	9,110
Interest expense	6,507	1,553	11,009	4,435
Net interest income	2,043	1,564	5,604	4,675
Total net revenues	11,975	13,608	36,772	46,700
Provision for credit losses	515	175	1,743	13
Operating expenses
Compensation and benefits	3,606	3,167	11,384	14,473
Transaction based	1,317	1,139	3,878	3,520
Market development	199	165	596	360
Communications and technology	459	397	1,327	1,143
Depreciation and amortization	666	509	1,728	1,527
Occupancy	255	239	765	727
Professional fees	465	433	1,392	1,137
Other expenses	737	542	2,003	1,781
Total operating expenses	7,704	6,591	23,073	24,668
Pre-tax earnings	3,756	6,842	11,956	22,019
Provision for taxes	687	1,464	2,021	4,319
Net earnings	3,069	5,378	9,935	17,700
Preferred stock dividends	107	94	356	358
Net earnings applicable to common shareholders	$ 2,962	$ 5,284	$ 9,579	$ 17,342
Earnings per common share
Basic (in dollars per share)	$ 8.35	$ 15.14	$ 27.03	$ 49.23
Diluted (in dollars per share)	$ 8.25	$ 14.93	$ 26.71	$ 48.59
Average common shares
Basic (in shares)	352.8	348.3	353	351.8
Diluted (in shares)	359.2	353.9	358.6	356.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net earnings	$ 3,069	$ 5,378	$ 9,935	$ 17,700
Other comprehensive income/(loss) adjustments, net of tax:
Currency translation	26	(20)	(5)	(36)
Debt valuation adjustment	673	67	2,601	165
Pension and postretirement liabilities	(2)	0	10	7
Available-for-sale securities	(615)	(114)	(2,410)	(658)
Other comprehensive income/(loss)	82	(67)	196	(522)
Comprehensive income	$ 3,151	$ 5,311	$ 10,131	$ 17,178

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 284,251	$ 261,036
Collateralized agreements:
Securities purchased under agreements to resell (at fair value)	182,502	205,703
Securities borrowed (includes $42,506 and $39,955 at fair value)	196,968	178,771
Customer and other receivables (includes $25 and $42 at fair value)	165,421	160,673
Trading assets (at fair value and includes $77,130 and $68,208 pledged as collateral)	383,975	375,916
Investments (includes $77,580 and $83,427 at fair value, and $20,375 and $12,840 pledged as collateral)	126,963	88,719
Loans (net of allowance of $4,846 and $3,573, and includes $8,250 and $10,769 at fair value)	176,669	158,562
Other assets	39,245	34,608
Total assets	1,555,994	1,463,988
Liabilities and shareholders’ equity
Deposits (includes $23,587 and $35,425 at fair value)	394,733	364,227
Collateralized financings:
Securities sold under agreements to repurchase (at fair value)	159,690	165,883
Securities loaned (includes $7,444 and $9,170 at fair value)	43,822	46,505
Other secured financings (includes $14,240 and $17,074 at fair value)	15,595	18,544
Customer and other payables	278,457	251,931
Trading liabilities (at fair value)	231,713	181,424
Unsecured short-term borrowings (includes $32,470 and $29,832 at fair value)	51,850	46,955
Unsecured long-term borrowings (includes $65,358 and $52,390 at fair value)	239,965	254,092
Other liabilities (includes $462 and $359 at fair value)	20,879	24,501
Total liabilities	1,436,704	1,354,062
Commitments, contingencies and guarantees
Shareholders’ equity
Preferred stock; aggregate liquidation preference of $10,703 and $10,703	10,703	10,703
Common stock; 917,804,656 and 906,430,314 shares issued, and 339,103,013 and 333,573,254 shares outstanding	9	9
Share-based awards	5,479	4,211
Nonvoting common stock; no shares issued and outstanding	0	0
Additional paid-in capital	59,031	56,396
Retained earnings	139,067	131,811
Accumulated other comprehensive loss	(1,872)	(2,068)
Stock held in treasury, at cost; 578,701,645 and 572,857,062 shares	(93,127)	(91,136)
Total shareholders’ equity	119,290	109,926
Total liabilities and shareholders’ equity	$ 1,555,994	$ 1,463,988

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities borrowed at fair value	$ 42,506	$ 39,955
Customer and other receivables at fair value	25	42
Trading assets, at fair value pledged as collateral	77,130	68,208
Investment at fair value	77,580	83,427
Investment pledged as collateral	20,375	12,840
Loans, allowance	4,846	3,573
Loans at fair value	8,250	10,769
Deposits at fair value	23,587	35,425
Securities loaned at fair value	7,444	9,170
Other secured financings at fair value	14,240	17,074
Unsecured short-term borrowings at fair value	32,470	29,832
Unsecured long-term borrowings at fair value	65,358	52,390
Other liabilities at fair value	462	359
Preferred stock, liquidation preference	$ 10,703	$ 10,703
Common stock, shares issued (in shares)	917,804,656	906,430,314
Common stock, shares outstanding (in shares)	339,103,013	333,573,254
Stock held in treasury (in shares)	578,701,645	572,857,062

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred stock	Common stock	Share-based awards	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income/(loss)	Stock held in treasury, at cost
Beginning balance at Dec. 31, 2020		$ 11,203	$ 9	$ 3,468	$ 55,679	$ 112,947	$ (1,434)	$ (85,940)
Ending balance at Jun. 30, 2021		9,203	9	3,759	56,390	124,051	(1,889)	(89,633)
Beginning balance at Dec. 31, 2020		11,203	9	3,468	55,679	112,947	(1,434)	(85,940)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issued		1,425	0
Redeemed		(2,675)
Issuance and amortization of share-based awards				2,180
Delivery of common stock underlying share-based awards				(1,625)	1,676
Forfeiture of share-based awards				(127)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(983)
Issuance costs of redeemed preferred stock					25
Issuance of common stock in connection with acquisition					0
Other					1
Net earnings	$ 17,700					17,700
Accretion of redeemable noncontrolling interests						(69)
Dividends and dividend equivalents declared on common stock and share-based awards						(1,589)
Dividends declared on preferred stock	(317)					(317)
Preferred stock redemption premium						(41)
Other comprehensive income/(loss)	(522)						(522)
Repurchased	(4,700)							(4,700)
Reissued								11
Other								(5)
Ending balance at Sep. 30, 2021	106,297	9,953	9	3,896	56,398	128,631	(1,956)	(90,634)
Beginning balance at Jun. 30, 2021		9,203	9	3,759	56,390	124,051	(1,889)	(89,633)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issued		750	0
Redeemed		0
Issuance and amortization of share-based awards				202
Delivery of common stock underlying share-based awards				(21)	23
Forfeiture of share-based awards				(44)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(14)
Issuance costs of redeemed preferred stock					(1)
Issuance of common stock in connection with acquisition					0
Other					0
Net earnings	5,378					5,378
Accretion of redeemable noncontrolling interests						(4)
Dividends and dividend equivalents declared on common stock and share-based awards						(700)
Dividends declared on preferred stock	(94)					(94)
Preferred stock redemption premium						0
Other comprehensive income/(loss)	(67)						(67)
Repurchased	(1,000)							(1,000)
Reissued								1
Other								(2)
Ending balance at Sep. 30, 2021	106,297	9,953	9	3,896	56,398	128,631	(1,956)	(90,634)
Beginning balance at Dec. 31, 2021	109,926	10,703	9	4,211	56,396	131,811	(2,068)	(91,136)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issued		0	0
Redeemed		0
Issuance and amortization of share-based awards				3,811
Delivery of common stock underlying share-based awards				(2,463)	2,494
Forfeiture of share-based awards				(80)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(1,587)
Issuance costs of redeemed preferred stock					0
Issuance of common stock in connection with acquisition					1,730
Other					(2)
Net earnings	9,935					9,935
Accretion of redeemable noncontrolling interests						0
Dividends and dividend equivalents declared on common stock and share-based awards						(2,323)
Dividends declared on preferred stock	(356)					(356)
Preferred stock redemption premium						0
Other comprehensive income/(loss)	196						196
Repurchased	(2,000)							(2,000)
Reissued								20
Other								(11)
Ending balance at Sep. 30, 2022	119,290	10,703	9	5,479	59,031	139,067	(1,872)	(93,127)
Beginning balance at Jun. 30, 2022		10,703	9	5,245	58,993	136,998	(1,954)	(92,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issued		0	0
Redeemed		0
Issuance and amortization of share-based awards				311
Delivery of common stock underlying share-based awards				(44)	61
Forfeiture of share-based awards				(33)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(23)
Issuance costs of redeemed preferred stock					0
Issuance of common stock in connection with acquisition					0
Other					0
Net earnings	3,069					3,069
Accretion of redeemable noncontrolling interests						0
Dividends and dividend equivalents declared on common stock and share-based awards						(893)
Dividends declared on preferred stock	(107)					(107)
Preferred stock redemption premium						0
Other comprehensive income/(loss)	82						82
Repurchased	(1,000)							(1,000)
Reissued								1
Other								(5)
Ending balance at Sep. 30, 2022	$ 119,290	$ 10,703	$ 9	$ 5,479	$ 59,031	$ 139,067	$ (1,872)	$ (93,127)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net earnings	$ 9,935	$ 17,700
Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities
Depreciation and amortization	1,728	1,527
Share-based compensation	3,811	2,141
Provision for credit losses	1,743	13
Changes in operating assets and liabilities:
Customer and other receivables and payables, net	21,453	11,010
Collateralized transactions (excluding other secured financings), net	(3,872)	(88,832)
Trading assets	(39,764)	(1,815)
Trading liabilities	48,411	50,065
Loans held for sale, net	2,041	(1,780)
Other, net	(21,781)	(14,005)
Net cash provided by/(used for) operating activities	23,705	(23,976)
Cash flows from investing activities
Purchase of property, leasehold improvements and equipment	(2,994)	(3,548)
Proceeds from sales of property, leasehold improvements and equipment	1,272	3,111
Net cash used for business acquisitions	(2,113)	0
Purchase of investments	(52,989)	(31,998)
Proceeds from sales and paydowns of investments	8,080	40,127
Loans (excluding loans held for sale), net	(20,924)	(24,219)
Net cash used for investing activities	(69,668)	(16,527)
Cash flows from financing activities
Unsecured short-term borrowings, net	2,451	1,342
Other secured financings (short-term), net	(1,415)	(635)
Proceeds from issuance of other secured financings (long-term)	1,499	3,661
Repayment of other secured financings (long-term), including the current portion	(2,677)	(4,922)
Proceeds from issuance of unsecured long-term borrowings	69,620	68,798
Repayment of unsecured long-term borrowings, including the current portion	(35,328)	(38,370)
Derivative contracts with a financing element, net	1,749	477
Deposits, net	39,174	74,612
Preferred stock redemption	0	(2,675)
Common stock repurchased	(2,000)	(4,700)
Settlement of share-based awards in satisfaction of withholding tax requirements	(1,591)	(984)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards	(2,669)	(1,903)
Proceeds from issuance of preferred stock, net of issuance costs	0	1,423
Other financing, net	365	367
Net cash provided by financing activities	69,178	96,491
Net increase in cash and cash equivalents	23,215	55,988
Cash and cash equivalents, beginning balance	261,036	155,842
Cash and cash equivalents, ending balance	284,251	211,830
Supplemental disclosures:
Cash payments for interest, net of capitalized interest	9,882	4,394
Cash payments for income taxes, net	$ 3,046	$ 4,769

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business The Goldman Sachs Group, Inc. (Group Inc. or parent company), a Delaware corporation, together with its consolidated subsidiaries (collectively, the firm), is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. The firm reports its activities in four business segments: Investment Banking The firm provides a broad range of investment banking services to a diverse group of corporations, financial institutions, investment funds and governments. Services include strategic advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings and spin-offs, and equity and debt underwriting of public offerings and private placements. The firm also provides lending to corporate clients, including relationship lending, middle-market lending and acquisition financing. The firm also provides transaction banking services to certain corporate clients. Global Markets The firm facilitates client transactions and makes markets in fixed income, equity, currency and commodity products with institutional clients, such as corporations, financial institutions, investment funds and governments. The firm also makes markets in and clears institutional client transactions on major stock, options and futures exchanges worldwide and provides prime brokerage and other equities financing activities, including securities lending, margin lending and swaps. The firm also provides financing to clients through securities purchased under agreements to resell (resale agreements), and through structured credit, warehouse and asset-backed lending. Asset Management The firm manages assets and offers investment products (primarily through separately managed accounts and commingled vehicles, such as mutual funds and private investment funds) across all major asset classes to a diverse set of institutional clients and a network of third-party distributors around the world. The firm makes equity investments, which include alternative investing activities related to public and private equity investments in corporate, real estate and infrastructure assets, as well as investments through consolidated investment entities, substantially all of which are engaged in real estate investment activities. The firm also invests in corporate debt and provides financing for real estate and other assets. The firm provides investing and wealth advisory solutions, including financial planning and counseling, executing brokerage transactions and managing assets for individuals in its wealth management business. The firm also provides loans, accepts deposits and provides investing services through its consumer banking digital platform, Marcus by Goldman Sachs

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the accounts of Group Inc. and all other entities in which the firm has a controlling financial interest. Intercompany transactions and balances have been eliminated. These consolidated financial statements are unaudited and should be read in conjunction with the audited consolidated financial statements included in the firm’s Annual Report on Form 10-K for the year ended December 31, 2021. References to “the 2021 Form 10-K” are to the firm’s Annual Report on Form 10-K for the year ended December 31, 2021. Certain disclosures included in the annual financial statements have been condensed or omitted from these financial statements as they are not required for interim financial statements under U.S. GAAP and the rules of the SEC. These unaudited consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. These adjustments are of a normal, recurring nature. Interim period operating results may not be indicative of the operating results for a full year.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies The firm’s significant accounting policies include when and how to measure the fair value of assets and liabilities, measuring the allowance for credit losses on loans and lending commitments accounted for at amortized cost, and when to consolidate an entity. See Note 4 for policies on fair value measurements, Note 9 for policies on the allowance for credit losses, and below and Note 17 for policies on consolidation accounting. All other significant accounting policies are either described below or included in the following footnotes: Fair Value Measurements Note 4 Trading Assets and Liabilities Note 5 Trading Cash Instruments Note 6 Derivatives and Hedging Activities Note 7 Investments Note 8 Loans Note 9 Fair Value Option Note 10 Collateralized Agreements and Financings Note 11 Other Assets Note 12 Deposits Note 13 Unsecured Borrowings Note 14 Other Liabilities Note 15 Securitization Activities Note 16 Variable Interest Entities Note 17 Commitments, Contingencies and Guarantees Note 18 Shareholders’ Equity Note 19 Regulation and Capital Adequacy Note 20 Earnings Per Common Share Note 21 Transactions with Affiliated Funds Note 22 Interest Income and Interest Expense Note 23 Income Taxes Note 24 Business Segments Note 25 Credit Concentrations Note 26 Legal Proceedings Note 27 Consolidation The firm consolidates entities in which the firm has a controlling financial interest. The firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (VIE). Voting Interest Entities. Voting interest entities are entities in which (i) the total equity investment at risk is sufficient to enable the entity to finance its activities independently and (ii) the equity holders have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the losses of the entity and the right to receive the residual returns of the entity. The usual condition for a controlling financial interest in a voting interest entity is ownership of a majority voting interest. If the firm has a controlling majority voting interest in a voting interest entity, the entity is consolidated. Variable Interest Entities. A VIE is an entity that lacks one or more of the characteristics of a voting interest entity. The firm has a controlling financial interest in a VIE when the firm has a variable interest or interests that provide it with (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. See Note 17 for further information about VIEs. Equity-Method Investments. When the firm does not have a controlling financial interest in an entity but can exert significant influence over the entity’s operating and financial policies, the investment is generally accounted for at fair value by electing the fair value option available under U.S. GAAP. Significant influence generally exists when the firm owns 20% to 50% of the entity’s common stock or in-substance common stock. In certain cases, the firm applies the equity method of accounting to new investments that are strategic in nature or closely related to the firm’s principal business activities, when the firm has a significant degree of involvement in the cash flows or operations of the investee or when cost-benefit considerations are less significant. See Note 8 for further information about equity-method investments. Investment Funds. The firm has formed investment funds with third-party investors. These funds are typically organized as limited partnerships or limited liability companies for which the firm acts as general partner or manager. Generally, the firm does not hold a majority of the economic interests in these funds. These funds are usually voting interest entities and generally are not consolidated because third-party investors typically have rights to terminate the funds or to remove the firm as general partner or manager. Investments in these funds are generally measured at net asset value (NAV) and are included in investments. See Notes 8, 18 and 22 for further information about investments in funds. Use of Estimates Preparation of these consolidated financial statements requires management to make certain estimates and assumptions, the most important of which relate to fair value measurements, the allowance for credit losses on loans and lending commitments accounted for at amortized cost, discretionary compensation accruals, accounting for goodwill and identifiable intangible assets, provisions for losses that may arise from litigation and regulatory proceedings (including governmental investigations), and accounting for income taxes. These estimates and assumptions are based on the best available information, but actual results could be materially different. Revenue Recognition Financial Assets and Liabilities at Fair Value. Trading assets and liabilities and certain investments are carried at fair value either under the fair value option or in accordance with other U.S. GAAP. In addition, the firm has elected to account for certain of its loans and other financial assets and liabilities at fair value by electing the fair value option. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. Fair value gains or losses are generally included in market making or other principal transactions. See Note 4 for further information about fair value measurements. Revenue from Contracts with Clients. The firm recognizes revenue earned from contracts with clients for services, such as investment banking, investment management, and execution and clearing (contracts with clients), when the performance obligations related to the underlying transaction are completed. Revenues from contracts with clients represent approximately 45% of total non-interest revenues for the three months ended September 2022 (including approximately 90% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees) and approximately 45% of total non-interest revenues for the nine months ended September 2022 (including approximately 85% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees), and approximately 50% of total non-interest revenues for the three months ended September 2021 and approximately 40% for the nine months ended September 2021 (in each case, reflecting approximately 90% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees). See Note 25 for information about net revenues by business segment. Investment Banking Advisory. Fees from financial advisory assignments are recognized in revenues when the services related to the underlying transaction are completed under the terms of the assignment. Non-refundable deposits and milestone payments in connection with financial advisory assignments are recognized in revenues upon completion of the underlying transaction or when the assignment is otherwise concluded. Expenses associated with financial advisory assignments are recognized when incurred and are included in transaction based expenses. Client reimbursements for such expenses are included in investment banking revenues. Underwriting. Fees from underwriting assignments are recognized in revenues upon completion of the underlying transaction based on the terms of the assignment. Expenses associated with underwriting assignments are generally deferred until the related revenue is recognized or the assignment is otherwise concluded. Such expenses are included in transaction based expenses for completed assignments. Investment Management The firm earns management fees and incentive fees for investment management services, which are included in investment management revenues. The firm makes payments to brokers and advisors related to the placement of the firm’s investment funds (distribution fees), which are included in transaction based expenses. Management Fees. Management fees for mutual funds are calculated as a percentage of daily net asset value and are received monthly. Management fees for hedge funds and separately managed accounts are calculated as a percentage of month-end net asset value and are generally received quarterly. Management fees for private equity funds are calculated as a percentage of monthly invested capital or committed capital and are received quarterly, semi-annually or annually, depending on the fund. Management fees are recognized over time in the period the services are provided. Distribution fees paid by the firm are calculated based on either a percentage of the management fee, the investment fund’s net asset value or the committed capital. Such fees are included in transaction based expenses. Incentive Fees. Incentive fees are calculated as a percentage of a fund’s or separately managed account’s return, or excess return above a specified benchmark or other performance target. Incentive fees are generally based on investment performance over a twelve-month period or over the life of a fund. Fees that are based on performance over a twelve-month period are subject to adjustment prior to the end of the measurement period. For fees that are based on investment performance over the life of the fund, future investment underperformance may require fees previously distributed to the firm to be returned to the fund. Incentive fees earned from a fund or separately managed account are recognized when it is probable that a significant reversal of such fees will not occur, which is generally when such fees are no longer subject to fluctuations in the market value of investments held by the fund or separately managed account. Therefore, incentive fees recognized during the period may relate to performance obligations satisfied in previous periods. Commissions and Fees The firm earns commissions and fees from executing and clearing client transactions on stock, options and futures markets, as well as over-the-counter (OTC) transactions. Commissions and fees are recognized on the day the trade is executed. The firm also provides third-party research services to clients in connection with certain soft-dollar arrangements. Third-party research costs incurred by the firm in connection with such arrangements are presented net within commissions and fees. Remaining Performance Obligations Remaining performance obligations are services that the firm has committed to perform in the future in connection with its contracts with clients. The firm’s remaining performance obligations are generally related to its financial advisory assignments and certain investment management activities. Revenues associated with remaining performance obligations relating to financial advisory assignments cannot be determined until the outcome of the transaction. For the firm’s investment management activities, where fees are calculated based on the net asset value of the fund or separately managed account, future revenues associated with such remaining performance obligations cannot be determined as such fees are subject to fluctuations in the market value of investments held by the fund or separately managed account. The firm is able to determine the future revenues associated with management fees calculated based on committed capital. As of September 2022, substantially all future net revenues associated with such remaining performance obligations will be recognized through 2029. Annual revenues associated with such performance obligations average less than $300 million through 2029. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when the firm has relinquished control over the assets transferred. For transfers of financial assets accounted for as sales, any gains or losses are recognized in net revenues. Assets or liabilities that arise from the firm’s continuing involvement with transferred financial assets are initially recognized at fair value. For transfers of financial assets that are not accounted for as sales, the assets are generally included in trading assets and the transfer is accounted for as a collateralized financing, with the related interest expense recognized over the life of the transaction. See Note 11 for further information about transfers of financial assets accounted for as collateralized financings and Note 16 for further information about transfers of financial assets accounted for as sales. Cash and Cash Equivalents The firm defines cash equivalents as highly liquid overnight deposits held in the ordinary course of business. Cash and cash equivalents included cash and due from banks of $9.15 billion as of September 2022 and $10.14 billion as of December 2021. Cash and cash equivalents also included interest-bearing deposits with banks of $275.10 billion as of September 2022 and $250.90 billion as of December 2021. The firm segregates cash for regulatory and other purposes related to client activity. Cash and cash equivalents segregated for regulatory and other purposes were $22.93 billion as of September 2022 and $24.87 billion as of December 2021. In addition, the firm segregates securities for regulatory and other purposes related to client activity. See Note 11 for further information about segregated securities. Customer and Other Receivables Customer and other receivables included receivables from customers and counterparties of $87.72 billion as of September 2022 and $103.82 billion as of December 2021, and receivables from brokers, dealers and clearing organizations of $77.70 billion as of September 2022 and $56.85 billion as of December 2021. Such receivables primarily consist of customer margin loans, receivables resulting from unsettled transactions and collateral posted in connection with certain derivative transactions. Substantially all of these receivables are accounted for at amortized cost net of any allowance for credit losses, which generally approximates fair value. As these receivables are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these receivables been included in the firm’s fair value hierarchy, substantially all would have been classified in level 2 as of both September 2022 and December 2021. See Note 10 for further information about customer and other receivables accounted for at fair value under the fair value option. Interest on customer and other receivables is recognized over the life of the transaction and included in interest income. Customer and other receivables includes receivables from contracts with clients and contract assets. Contract assets represent the firm’s right to receive consideration for services provided in connection with its contracts with clients for which collection is conditional and not merely subject to the passage of time. The firm’s receivables from contracts with clients were $2.80 billion as of September 2022 and $3.01 billion as of December 2021. As of both September 2022 and December 2021 contract assets were not material. Customer and Other Payables Customer and other payables included payables to customers and counterparties of $254.58 billion as of September 2022 and $241.93 billion as of December 2021, and payables to brokers, dealers and clearing organizations of $23.88 billion as of September 2022 and $10.00 billion as of December 2021. Such payables primarily consist of customer credit balances related to the firm’s prime brokerage activities. Customer and other payables are accounted for at cost plus accrued interest, which generally approximates fair value. As these payables are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these payables been included in the firm’s fair value hierarchy, substantially all would have been classified in level 2 as of both September 2022 and December 2021. Interest on customer and other payables is recognized over the life of the transaction and included in interest expense. Offsetting Assets and Liabilities To reduce credit exposures on derivatives and securities financing transactions, the firm may enter into master netting agreements or similar arrangements (collectively, netting agreements) with counterparties that permit it to offset receivables and payables with such counterparties. A netting agreement is a contract with a counterparty that permits net settlement of multiple transactions with that counterparty, including upon the exercise of termination rights by a non-defaulting party. Upon exercise of such termination rights, all transactions governed by the netting agreement are terminated and a net settlement amount is calculated. In addition, the firm receives and posts cash and securities collateral with respect to its derivatives and securities financing transactions, subject to the terms of the related credit support agreements or similar arrangements (collectively, credit support agreements). An enforceable credit support agreement grants the non-defaulting party exercising termination rights the right to liquidate the collateral and apply the proceeds to any amounts owed. In order to assess enforceability of the firm’s right of setoff under netting and credit support agreements, the firm evaluates various factors, including applicable bankruptcy laws, local statutes and regulatory provisions in the jurisdiction of the parties to the agreement. Derivatives are reported on a net-by-counterparty basis (i.e., the net payable or receivable for derivative assets and liabilities for a given counterparty) in the consolidated balance sheets when a legal right of setoff exists under an enforceable netting agreement. Resale agreements and securities sold under agreements to repurchase (repurchase agreements) and securities borrowed and loaned transactions with the same term and currency are presented on a net-by-counterparty basis in the consolidated balance sheets when such transactions meet certain settlement criteria and are subject to netting agreements. In the consolidated balance sheets, derivatives are reported net of cash collateral received and posted under enforceable credit support agreements, when transacted under an enforceable netting agreement. In the consolidated balance sheets, resale and repurchase agreements, and securities borrowed and loaned, are not reported net of the related cash and securities received or posted as collateral. See Note 11 for further information about collateral received and pledged, including rights to deliver or repledge collateral. See Notes 7 and 11 for further information about offsetting assets and liabilities. Share-Based Compensation The cost of employee services received in exchange for a share-based award is generally measured based on the grant-date fair value of the award. Share-based awards that do not require future service (i.e., vested awards, including awards granted to retirement-eligible employees) are expensed immediately. Share-based awards that require future service are amortized over the relevant service period. Forfeitures are recorded when they occur. Cash dividend equivalents paid on restricted stock units (RSUs) are generally charged to retained earnings. If RSUs that require future service are forfeited, the related dividend equivalents originally charged to retained earnings are reclassified to compensation expense in the period in which forfeiture occurs. The firm generally issues new shares of common stock upon delivery of share-based awards. In certain cases, primarily related to conflicted employment (as outlined in the applicable award agreements), the firm may cash settle share-based compensation awards accounted for as equity instruments. For these awards, whose terms allow for cash settlement, additional paid-in capital is adjusted to the extent of the difference between the value of the award at the time of cash settlement and the grant-date value of the award. The tax effect related to the settlement of share-based awards is recorded in income tax benefit or expense. Foreign Currency Translation Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the date of the consolidated balance sheets and revenues and expenses are translated at average rates of exchange for the period. Foreign currency remeasurement gains or losses on transactions in nonfunctional currencies are recognized in earnings. Gains or losses on translation of the financial statements of a non-U.S. operation, when the functional currency is other than the U.S. dollar, are included, net of hedges and taxes, in the consolidated statements of comprehensive income. Recent Accounting Developments Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASC 848). In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform — Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides optional relief from applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. In addition, in January 2021 the FASB issued ASU No. 2021-01, “Reference Rate Reform — Scope,” which clarified the scope of ASC 848 relating to contract modifications. The firm adopted these ASUs upon issuance and elected to apply the relief available to certain modified derivatives. The adoption of these ASUs did not have a material impact on the firm’s consolidated financial statements. Troubled Debt Restructurings and Vintage Disclosures (ASC 326) . In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments — Credit Losses (Topic 326) — Troubled Debt Restructurings and Vintage Disclosures.” This ASU eliminates the recognition and measurement guidance for troubled debt restructurings (TDRs) and requires enhanced disclosures about loan modifications for borrowers experiencing financial difficulty. This ASU also requires enhanced disclosure for loans that have been charged off. The ASU is effective in January 2023 under a prospective approach. Adoption of this ASU is not expected to have a material impact on the firm’s consolidated financial statements. Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for Platform Users (SAB 121) . In March 2022, the SEC staff issued SAB 121 (SAB 121) — “Accounting for obligations to safeguard crypto-assets an entity holds for platform users.” SAB 121 adds interpretive guidance requiring an entity to recognize a liability on its balance sheet to reflect the obligation to safeguard the crypto-assets held for its platform users, along with a corresponding asset. The firm adopted this guidance in June 2022 under a modified retrospective approach and adoption did not have a material impact on the firm’s consolidated financial statements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASC 820).

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. The firm measures certain financial assets and liabilities as a portfolio (i.e., based on its net exposure to market and/or credit risks). The best evidence of fair value is a quoted price in an active market. If quoted prices in active markets are not available, fair value is determined by reference to prices for similar instruments, quoted prices or recent transactions in less active markets, or internally developed models that primarily use market-based or independently sourced inputs, including, but not limited to, interest rates, volatilities, equity or debt prices, foreign exchange rates, commodity prices, credit spreads and funding spreads (i.e., the spread or difference between the interest rate at which a borrower could finance a given financial instrument relative to a benchmark interest rate). U.S. GAAP has a three-level hierarchy for disclosure of fair value measurements. This hierarchy prioritizes inputs to the valuation techniques used to measure fair value, giving the highest priority to level 1 inputs and the lowest priority to level 3 inputs. A financial instrument’s level in this hierarchy is based on the lowest level of input that is significant to its fair value measurement. In evaluating the significance of a valuation input, the firm considers, among other factors, a portfolio’s net risk exposure to that input. The fair value hierarchy is as follows: Level 1. Inputs are unadjusted quoted prices in active markets to which the firm had access at the measurement date for identical, unrestricted assets or liabilities. Level 2. Inputs to valuation techniques are observable, either directly or indirectly. Level 3. One or more inputs to valuation techniques are significant and unobservable. The fair values for substantially all of the firm’s financial assets and liabilities are based on observable prices and inputs and are classified in levels 1 and 2 of the fair value hierarchy. Certain level 2 and level 3 financial assets and liabilities may require valuation adjustments that a market participant would require to arrive at fair value for factors, such as counterparty and the firm’s credit quality, funding risk, transfer restrictions, liquidity and bid/offer spreads. Valuation adjustments are generally based on market evidence. The valuation techniques and nature of significant inputs used to determine the fair value of the firm’s financial instruments are described below. See Notes 5 through 10 for further information about significant unobservable inputs used to value level 3 financial instruments. Valuation Techniques and Significant Inputs for Trading Cash Instruments, Investments and Loans Level 1. Level 1 instruments include U.S. government obligations, most non-U.S. government obligations, certain agency obligations, certain corporate debt instruments, certain money market instruments, certain other debt obligations and actively traded listed equities. These instruments are valued using quoted prices for identical unrestricted instruments in active markets. The firm defines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument. The firm defines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity. Level 2. Level 2 instruments include certain non-U.S. government obligations, most agency obligations, most mortgage-backed loans and securities, most corporate debt instruments, most state and municipal obligations, most money market instruments, most other debt obligations, restricted or less liquid listed equities, certain private equities, commodities and certain lending commitments. Valuations of level 2 instruments can be verified to quoted prices, recent trading activity for identical or similar instruments, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or executable) and the relationship of recent market activity to the prices provided from alternative pricing sources. Valuation adjustments are typically made to level 2 instruments (i) if the instrument is subject to transfer restrictions and/or (ii) for other premiums and liquidity discounts that a market participant would require to arrive at fair value. Valuation adjustments are generally based on market evidence. Level 3. Level 3 instruments have one or more significant valuation inputs that are not observable. Absent evidence to the contrary, level 3 instruments are initially valued at transaction price, which is considered to be the best initial estimate of fair value. Subsequently, the firm uses other methodologies to determine fair value, which vary based on the type of instrument. Valuation inputs and assumptions are changed when corroborated by substantive observable evidence, including values realized on sales. Valuation techniques of level 3 instruments vary by instrument, but are generally based on discounted cash flow techniques. The valuation techniques and the nature of significant inputs used to determine the fair values of each type of level 3 instrument are described below: Loans and Securities Backed by Commercial Real Estate Loans and securities backed by commercial real estate are directly or indirectly collateralized by a single property or a portfolio of properties, and may include tranches of varying levels of subordination. Significant inputs are generally determined based on relative value analyses and include: • Market yields implied by transactions of similar or related assets and/or current levels and changes in market indices, such as the CMBX (an index that tracks the performance of commercial mortgage bonds); • Transaction prices in both the underlying collateral and instruments with the same or similar underlying collateral; • A measure of expected future cash flows in a default scenario (recovery rates) implied by the value of the underlying collateral, which is mainly driven by current performance of the underlying collateral and capitalization rates. Recovery rates are expressed as a percentage of notional or face value of the instrument and reflect the benefit of credit enhancements on certain instruments; and • Timing of expected future cash flows (duration) which, in certain cases, may incorporate the impact of any loan forbearances and other unobservable inputs (e.g., prepayment speeds). Loans and Securities Backed by Residential Real Estate Loans and securities backed by residential real estate are directly or indirectly collateralized by portfolios of residential real estate and may include tranches of varying levels of subordination. Significant inputs are generally determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles. Significant inputs include: • Market yields implied by transactions of similar or related assets; • Transaction prices in both the underlying collateral and instruments with the same or similar underlying collateral; • Cumulative loss expectations, driven by default rates, home price projections, residential property liquidation timelines, related costs and subsequent recoveries; and • Duration, driven by underlying loan prepayment speeds and residential property liquidation timelines. Corporate Debt Instruments Corporate debt instruments includes corporate loans, debt securities and convertible debentures. Significant inputs for corporate debt instruments are generally determined based on relative value analyses, which incorporate comparisons both to prices of credit default swaps that reference the same or similar underlying instrument or entity and to other debt instruments for the same or similar issuer for which observable prices or broker quotations are available. Significant inputs include: • Market yields implied by transactions of similar or related assets and/or current levels and trends of market indices, such as the CDX (an index that tracks the performance of corporate credit); • Current performance and recovery assumptions and, where the firm uses credit default swaps to value the related instrument, the cost of borrowing the underlying reference obligation; • Duration; and • Market and transaction multiples for corporate debt instruments with convertibility or participation options. Equity Securities Equity securities consists of private equities. Recent third-party completed or pending transactions (e.g., merger proposals, debt restructurings, tender offers) are considered the best evidence for any change in fair value. When these are not available, the following valuation methodologies are used, as appropriate: • Industry multiples (primarily EBITDA and revenue multiples) and public comparables; • Transactions in similar instruments; • Discounted cash flow techniques; and • Third-party appraisals. The firm also considers changes in the outlook for the relevant industry and financial performance of the issuer as compared to projected performance. Significant inputs include: • Market and transaction multiples; • Discount rates and capitalization rates; and • For equity securities with debt-like features, market yields implied by transactions of similar or related assets, current performance and recovery assumptions, and duration. Other Trading Cash Instruments, Investments and Loans The significant inputs to the valuation of other instruments, such as non-U.S. government and agency obligations, state and municipal obligations, and other loans and debt obligations are generally determined based on relative value analyses, which incorporate comparisons both to prices of credit default swaps that reference the same or similar underlying instrument or entity and to other debt instruments for the same issuer for which observable prices or broker quotations are available. Significant inputs include: • Market yields implied by transactions of similar or related assets and/or current levels and trends of market indices; • Current performance and recovery assumptions and, where the firm uses credit default swaps to value the related instrument, the cost of borrowing the underlying reference obligation; and • Duration. Valuation Techniques and Significant Inputs for Derivatives The firm’s level 2 and level 3 derivatives are valued using derivative pricing models (e.g., discounted cash flow models, correlation models and models that incorporate option pricing methodologies, such as Monte Carlo simulations). Price transparency of derivatives can generally be characterized by product type, as described below. • Interest Rate. In general, the key inputs used to value interest rate derivatives are transparent, even for most long-dated contracts. Interest rate swaps and options denominated in the currencies of leading industrialized nations are characterized by high trading volumes and tight bid/offer spreads. Interest rate derivatives that reference indices, such as an inflation index, or the shape of the yield curve (e.g., 10-year swap rate vs. 2-year swap rate) are more complex, but the key inputs are generally observable. • Credit. Price transparency for credit default swaps, including both single names and baskets of credits, varies by market and underlying reference entity or obligation. Credit default swaps that reference indices, large corporates and major sovereigns generally exhibit the most price transparency. For credit default swaps with other underliers, price transparency varies based on credit rating, the cost of borrowing the underlying reference obligations, and the availability of the underlying reference obligations for delivery upon the default of the issuer. Credit default swaps that reference loans, asset-backed securities and emerging market debt instruments tend to have less price transparency than those that reference corporate bonds. In addition, more complex credit derivatives, such as those sensitive to the correlation between two or more underlying reference obligations, generally have less price transparency. • Currency. Prices for currency derivatives based on the exchange rates of leading industrialized nations, including those with longer tenors, are generally transparent. The primary difference between the price transparency of developed and emerging market currency derivatives is that emerging markets tend to be only observable for contracts with shorter tenors. • Commodity. Commodity derivatives include transactions referenced to energy (e.g., oil, natural gas and electricity), metals (e.g., precious and base) and soft commodities (e.g., agricultural). Price transparency varies based on the underlying commodity, delivery location, tenor and product quality (e.g., diesel fuel compared to unleaded gasoline). In general, price transparency for commodity derivatives is greater for contracts with shorter tenors and contracts that are more closely aligned with major and/or benchmark commodity indices. • Equity. Price transparency for equity derivatives varies by market and underlier. Options on indices and the common stock of corporates included in major equity indices exhibit the most price transparency. Equity derivatives generally have observable market prices, except for contracts with long tenors or reference prices that differ significantly from current market prices. More complex equity derivatives, such as those sensitive to the correlation between two or more individual stocks, generally have less price transparency. Liquidity is essential to the observability of all product types. If transaction volumes decline, previously transparent prices and other inputs may become unobservable. Conversely, even highly structured products may at times have trading volumes large enough to provide observability of prices and other inputs. Level 1. Level 1 derivatives include short-term contracts for future delivery of securities when the underlying security is a level 1 instrument, and exchange-traded derivatives if they are actively traded and are valued at their quoted market price. Level 2. Level 2 derivatives include OTC derivatives for which all significant valuation inputs are corroborated by market evidence and exchange-traded derivatives that are not actively traded and/or that are valued using models that calibrate to market-clearing levels of OTC derivatives. The selection of a particular model to value a derivative depends on the contractual terms of and specific risks inherent in the instrument, as well as the availability of pricing information in the market. For derivatives that trade in liquid markets, model selection does not involve significant management judgment because outputs of models can be calibrated to market-clearing levels. Valuation models require a variety of inputs, such as contractual terms, market prices, yield curves, discount rates (including those derived from interest rates on collateral received and posted as specified in credit support agreements for collateralized derivatives), credit curves, measures of volatility, prepayment rates, loss severity rates and correlations of such inputs. Significant inputs to the valuations of level 2 derivatives can be verified to market transactions, broker or dealer quotations or other alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or executable) and the relationship of recent market activity to the prices provided from alternative pricing sources. Level 3 . Level 3 derivatives are valued using models which utilize observable level 1 and/or level 2 inputs, as well as unobservable level 3 inputs. The significant unobservable inputs used to value the firm’s level 3 derivatives are described below. • For level 3 interest rate and currency derivatives, significant unobservable inputs include correlations of certain currencies and interest rates (e.g., the correlation between Euro inflation and Euro interest rates) and specific interest rate and currency volatilities. • For level 3 credit derivatives, significant unobservable inputs include illiquid credit spreads and upfront credit points, which are unique to specific reference obligations and reference entities, and recovery rates. • For level 3 commodity derivatives, significant unobservable inputs include volatilities for options with strike prices that differ significantly from current market prices and prices or spreads for certain products for which the product quality or physical location of the commodity is not aligned with benchmark indices. • For level 3 equity derivatives, significant unobservable inputs generally include equity volatility inputs for options that are long-dated and/or have strike prices that differ significantly from current market prices. In addition, the valuation of certain structured trades requires the use of level 3 correlation inputs, such as the correlation of the price performance of two or more individual stocks or the correlation of the price performance for a basket of stocks to another asset class, such as commodities. Subsequent to the initial valuation of a level 3 derivative, the firm updates the level 1 and level 2 inputs to reflect observable market changes and any resulting gains and losses are classified in level 3. Level 3 inputs are changed when corroborated by evidence, such as similar market transactions, third-party pricing services and/or broker or dealer quotations or other empirical market data. In circumstances where the firm cannot verify the model value by reference to market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. See Note 7 for further information about significant unobservable inputs used in the valuation of level 3 derivatives. Valuation Adjustments. Valuation adjustments are integral to determining the fair value of derivative portfolios and are used to adjust the mid-market valuations produced by derivative pricing models to the exit price valuation. These adjustments incorporate bid/offer spreads, the cost of liquidity, and credit and funding valuation adjustments, which account for the credit and funding risk inherent in the uncollateralized portion of derivative portfolios. The firm also makes funding valuation adjustments to collateralized derivatives where the terms of the agreement do not permit the firm to deliver or repledge collateral received. Market-based inputs are generally used when calibrating valuation adjustments to market-clearing levels. In addition, for derivatives that include significant unobservable inputs, the firm makes model or exit price adjustments to account for the valuation uncertainty present in the transaction. Valuation Techniques and Significant Inputs for Other Financial Instruments at Fair Value In addition to trading cash instruments, derivatives, and certain investments and loans, the firm accounts for certain of its other financial assets and liabilities at fair value under the fair value option. Such instruments include resale and repurchase agreements; certain securities borrowed and loaned transactions; certain customer and other receivables, including certain margin loans; certain time deposits, including structured certificates of deposit, which are hybrid financial instruments; substantially all other secured financings, including transfers of assets accounted for as financings; certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; and certain other liabilities. These instruments are generally valued based on discounted cash flow techniques, which incorporate inputs with reasonable levels of price transparency, and are generally classified in level 2 because the inputs are observable. Valuation adjustments may be made for liquidity and for counterparty and the firm’s credit quality. The significant inputs used to value the firm’s other financial instruments are described below. Resale and Repurchase Agreements and Securities Borrowed and Loaned. The significant inputs to the valuation of resale and repurchase agreements and securities borrowed and loaned are funding spreads, the amount and timing of expected future cash flows and interest rates. Customer and Other Receivables. The significant inputs to the valuation of receivables are interest rates, the amount and timing of expected future cash flows and funding spreads. Deposits. The significant inputs to the valuation of time deposits are interest rates and the amount and timing of future cash flows. The inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firm’s other derivative instruments described above. See Note 7 for further information about derivatives and Note 13 for further information about deposits. Other Secured Financings. The significant inputs to the valuation of other secured financings are the amount and timing of expected future cash flows, interest rates, funding spreads and the fair value of the collateral delivered by the firm (determined using the amount and timing of expected future cash flows, market prices, market yields and recovery assumptions). See Note 11 for further information about other secured financings. Unsecured Short- and Long-Term Borrowings. The significant inputs to the valuation of unsecured short- and long-term borrowings are the amount and timing of expected future cash flows, interest rates, the credit spreads of the firm and commodity prices for prepaid commodity transactions. The inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firm’s other derivative instruments described above. See Note 7 for further information about derivatives and Note 14 for further information about borrowings. Other Liabilities. The significant inputs to the valuation of other liabilities are the amount and timing of expected future cash flows and equity volatility and correlation inputs. The inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firm’s other derivative instruments described above. See Note 7 for further information about derivatives. Financial Assets and Liabilities at Fair Value The table below presents financial assets and liabilities carried at fair value. As of September June December $ in millions 2022 2022 2021 Total level 1 financial assets $ 249,307 $ 249,974 $ 255,774 Total level 2 financial assets 490,992 526,910 498,527 Total level 3 financial assets 29,275 28,884 24,083 Investments in funds at NAV 2,971 3,045 3,469 Counterparty and cash collateral netting (77,707) (70,198) (66,041) Total financial assets at fair value $ 694,838 $ 738,615 $ 715,812 Total assets $ 1,555,994 $ 1,601,224 $ 1,463,988 Total level 3 financial assets divided by: Total assets 1.9 % 1.8% 1.6% Total financial assets at fair value 4.2 % 3.9% 3.4% Total level 1 financial liabilities $ 137,956 $ 168,941 $ 110,030 Total level 2 financial liabilities 434,313 435,827 403,627 Total level 3 financial liabilities 23,268 24,470 29,169 Counterparty and cash collateral netting (60,573) (50,926) (51,269) Total financial liabilities at fair value $ 534,964 $ 578,312 $ 491,557 Total liabilities $ 1,436,704 $ 1,483,353 $ 1,354,062 Total level 3 financial liabilities divided by: Total liabilities 1.6 % 1.6% 2.2% Total financial liabilities at fair value 4.3 % 4.2% 5.9% In the table above: • Counterparty netting among positions classified in the same level is included in that level. • Counterparty and cash collateral netting represents the impact on derivatives of netting across levels. The table below presents a summary of level 3 financial assets. As of September June December $ in millions 2022 2022 2021 Trading assets: Trading cash instruments $ 1,828 $ 2,080 $ 1,889 Derivatives 8,435 8,348 5,938 Investments 16,954 16,109 13,902 Loans 2,058 2,347 2,354 Total $ 29,275 $ 28,884 $ 24,083

Trading Assets and Liabilities

Trading Assets and Liabilities	9 Months Ended
	Sep. 30, 2022
Trading Assets and Liabilities [Abstract]
Trading Assets and Liabilities	Trading Assets and Liabilities Trading assets and liabilities include trading cash instruments and derivatives held in connection with the firm’s market-making or risk management activities. These assets and liabilities are carried at fair value either under the fair value option or in accordance with other U.S. GAAP, and the related fair value gains and losses are generally recognized in the consolidated statements of earnings. The table below presents a summary of trading assets and liabilities. Trading Trading $ in millions Assets Liabilities As of September 2022 Trading cash instruments $ 303,854 $ 160,944 Derivatives 80,121 70,769 Total $ 383,975 $ 231,713 As of December 2021 Trading cash instruments $ 311,956 $ 129,471 Derivatives 63,960 51,953 Total $ 375,916 $ 181,424 See Note 6 for further information about trading cash instruments and Note 7 for further information about derivatives. Gains and Losses from Market Making The table below presents market making revenues by major product type. Three Months Nine Months $ in millions 2022 2021 2022 2021 Interest rates $ (3,043) $ (1,249) $ (7,705) $ (1,572) Credit (286) 162 1,380 1,324 Currencies 5,769 1,779 13,997 4,521 Equities 1,464 2,521 6,064 6,839 Commodities 738 716 1,825 1,984 Total $ 4,642 $ 3,929 $ 15,561 $ 13,096 In the table above: • Gains/(losses) include both realized and unrealized gains and losses. Gains/(losses) exclude related interest income and interest expense. See Note 23 for further information about interest income and interest expense. • Gains/(losses) included in market making are primarily related to the firm’s trading assets and liabilities, including both derivative and non-derivative financial instruments. • Gains/(losses) are not representative of the manner in which the firm manages its business activities because many of the firm’s market-making and client facilitation strategies utilize financial instruments across various product types. Accordingly, gains or losses in one product type frequently offset gains or losses in other product types. For example, most of the firm’s longer-term derivatives across product types are sensitive to changes in interest rates and may be economically hedged with interest rate swaps. Similarly, a significant portion of the firm’s trading cash instruments and derivatives across product types has exposure to foreign currencies and may be economically hedged with foreign currency contracts.

Trading Cash Instruments

Trading Cash Instruments	9 Months Ended
	Sep. 30, 2022
Cash Instruments [Abstract]
Trading Cash Instruments	Trading Cash Instruments Trading cash instruments consists of instruments held in connection with the firm’s market-making or risk management activities. These instruments are carried at fair value and the related fair value gains and losses are recognized in the consolidated statements of earnings. Fair Value of Trading Cash Instruments by Level The table below presents trading cash instruments by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Government and agency obligations: U.S. $ 62,481 $ 28,001 $ — $ 90,482 Non-U.S. 52,260 17,548 38 69,846 Loans and securities backed by: Commercial real estate — 1,435 55 1,490 Residential real estate — 9,445 110 9,555 Corporate debt instruments 282 33,347 1,352 34,981 State and municipal obligations — 563 32 595 Other debt obligations 254 3,387 135 3,776 Equity securities 83,569 1,947 102 85,618 Commodities — 7,507 4 7,511 Total $ 198,846 $ 103,180 $ 1,828 $ 303,854 Liabilities Government and agency obligations: U.S. $ (24,009) $ (19) $ — $ (24,028) Non-U.S. (37,453) (2,672) — (40,125) Loans and securities backed by: Commercial real estate — (31) (1) (32) Residential real estate — (10) (1) (11) Corporate debt instruments (32) (19,229) (79) (19,340) Other debt obligations — (143) — (143) Equity securities (76,423) (786) (30) (77,239) Commodities — (26) — (26) Total $ (137,917) $ (22,916) $ (111) $ (160,944) As of December 2021 Assets Government and agency obligations: U.S. $ 63,388 $ 27,427 $ — $ 90,815 Non-U.S. 35,284 13,511 19 48,814 Loans and securities backed by: Commercial real estate — 1,717 137 1,854 Residential real estate — 13,083 152 13,235 Corporate debt instruments 590 36,874 1,318 38,782 State and municipal obligations — 568 36 604 Other debt obligations 69 1,564 66 1,699 Equity securities 105,233 2,958 156 108,347 Commodities — 7,801 5 7,806 Total $ 204,564 $ 105,503 $ 1,889 $ 311,956 Liabilities Government and agency obligations: U.S. $ (21,002) $ (25) $ — $ (21,027) Non-U.S. (39,983) (2,602) — (42,585) Loans and securities backed by: Commercial real estate — (40) (2) (42) Residential real estate — (5) — (5) Corporate debt instruments (23) (15,781) (71) (15,875) Equity securities (48,991) (915) (31) (49,937) Total $ (109,999) $ (19,368) $ (104) $ (129,471) In the table above: • Trading cash instrument assets are shown as positive amounts and trading cash instrument liabilities are shown as negative amounts. • Corporate debt instruments includes corporate loans, debt securities, convertible debentures, prepaid commodity transactions and transfers of assets accounted for as secured loans rather than purchases. • Other debt obligations includes other asset-backed securities and money market instruments. • Equity securities includes public equities and exchange-traded funds. See Note 4 for an overview of the firm’s fair value measurement policies and the valuation techniques and significant inputs used to determine the fair value of trading cash instruments. See Note 7 for information about hedging activities for precious metals included in commodities and accounted for at the lower of cost or net realizable value. These precious metals are designated in a fair value hedging relationship, and therefore their carrying value equals fair value. Significant Unobservable Inputs The table below presents the amount of level 3 assets, and ranges and weighted averages of significant unobservable inputs used to value level 3 trading cash instruments. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Average Amount or Range Weighted Average Loans and securities backed by commercial real estate Level 3 assets $ 55 $ 137 Yield 6.8% to 34.0% 20.2 % 2.8% to 28.5% 12.3 % Recovery rate 47.0% to 61.7% 53.1 % 5.1% to 86.5% 55.0 % Duration (years) 1.2 to 3.7 2.1 0.1 to 4.3 1.8 Loans and securities backed by residential real estate Level 3 assets $ 110 $ 152 Yield 1.0% to 23.0% 9.7 % 0.4% to 26.6% 7.0 % Cumulative loss rate 11.0% to 35.0% 20.8 % 0.1% to 43.4% 17.7 % Duration (years) 1.1 to 10.8 6.5 1.2 to 17.2 6.5 Corporate debt instruments Level 3 assets $ 1,352 $ 1,318 Yield 1.2% to 33.0% 6.6 % 0.0% to 18.0% 7.1 % Recovery rate 17.0% to 70.0% 51.6 % 9.0% to 69.9% 52.0 % Duration (years) 0.5 to 21.4 4.7 2.0 to 28.5 4.5 Other Level 3 assets $ 311 $ 282 Yield 4.0% to 41.6% 11.5 % 1.1% to 44.8% 9.4 % Multiples 3.9x to 4.2x 4.0x N/A N/A Duration (years) 0.8 to 13.0 5.0 0.9 to 5.2 2.4 In the table above: • Other includes government and agency obligations, state and municipal obligations, other debt obligations, equity securities and commodities. • Ranges represent the significant unobservable inputs that were used in the valuation of each type of trading cash instrument. • Weighted averages are calculated by weighting each input by the relative fair value of the trading cash instruments. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one trading cash instrument. For example, the highest recovery rate for corporate debt instruments is appropriate for valuing a specific corporate debt instrument, but may not be appropriate for valuing any other corporate debt instrument. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 trading cash instruments. • Increases in yield, duration or cumulative loss rate used in the valuation of level 3 trading cash instruments would have resulted in a lower fair value measurement, while increases in recovery rate or multiples would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 trading cash instrument, the interrelationship of inputs is not necessarily uniform within each product type. • Trading cash instruments are valued using discounted cash flows. • In other, the significant unobservable inputs for multiples as of December 2021 did not have a range (and there was no weighted average) as they pertained to a single position. Therefore, such unobservable inputs are not included in the table above. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 trading cash instruments. Three Months Nine Months $ in millions 2022 2021 2022 2021 Total trading cash instrument assets Beginning balance $ 2,080 $ 1,304 $ 1,889 $ 1,237 Net realized gains/(losses) 40 27 85 63 Net unrealized gains/(losses) (124) 11 (1,496) 64 Purchases 359 223 1,294 793 Sales (248) (133) (635) (455) Settlements (78) (113) (206) (287) Transfers into level 3 326 358 1,277 306 Transfers out of level 3 (527) (161) (380) (205) Ending balance $ 1,828 $ 1,516 $ 1,828 $ 1,516 Total trading cash instrument liabilities Beginning balance $ (182) $ (78) $ (104) $ (80) Net realized gains/(losses) (4) 2 (42) 5 Net unrealized gains/(losses) 53 (2) 47 (1) Purchases 100 22 198 35 Sales (40) (55) (121) (86) Settlements 5 — (2) 8 Transfers into level 3 (86) (32) (103) (22) Transfers out of level 3 43 5 16 3 Ending balance $ (111) $ (138) $ (111) $ (138) In the table above: • Changes in fair value are presented for all trading cash instruments that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to trading cash instruments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a trading cash instrument was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 trading cash instrument assets, increases are shown as positive amounts, while decreases are shown as negative amounts. For level 3 trading cash instrument liabilities, increases are shown as negative amounts, while decreases are shown as positive amounts. • Level 3 trading cash instruments are frequently economically hedged with level 1 and level 2 trading cash instruments and/or level 1, level 2 or level 3 derivatives. Accordingly, gains or losses that are classified in level 3 can be partially offset by gains or losses attributable to level 1 or level 2 trading cash instruments and/or level 1, level 2 or level 3 derivatives. As a result, gains or losses included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by product type, for assets included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Loans and securities backed by commercial real estate Beginning balance $ 74 $ 96 $ 137 $ 203 Net realized gains/(losses) 7 2 7 6 Net unrealized gains/(losses) (10) (4) (10) (7) Purchases 2 28 11 54 Sales (1) (2) (54) (39) Settlements (8) (7) (15) (13) Transfers into level 3 16 31 11 15 Transfers out of level 3 (25) (8) (32) (83) Ending balance $ 55 $ 136 $ 55 $ 136 Loans and securities backed by residential real estate Beginning balance $ 110 $ 130 $ 152 $ 131 Net realized gains/(losses) 2 2 10 6 Net unrealized gains/(losses) (5) 5 (12) 16 Purchases 5 11 33 29 Sales (7) (4) (57) (48) Settlements (4) (25) (14) (36) Transfers into level 3 23 14 15 39 Transfers out of level 3 (14) (11) (17) (15) Ending balance $ 110 $ 122 $ 110 $ 122 Corporate debt instruments Beginning balance $ 1,440 $ 891 $ 1,318 $ 797 Net realized gains/(losses) 13 24 44 48 Net unrealized gains/(losses) (43) 12 (115) 57 Purchases 313 152 558 634 Sales (126) (88) (363) (327) Settlements (51) (67) (131) (195) Transfers into level 3 201 292 339 187 Transfers out of level 3 (395) (120) (298) (105) Ending balance $ 1,352 $ 1,096 $ 1,352 $ 1,096 Other Beginning balance $ 456 $ 187 $ 282 $ 106 Net realized gains/(losses) 18 (1) 24 3 Net unrealized gains/(losses) (66) (2) (1,359) (2) Purchases 39 32 692 76 Sales (114) (39) (161) (41) Settlements (15) (14) (46) (43) Transfers into level 3 86 21 912 65 Transfers out of level 3 (93) (22) (33) (2) Ending balance $ 311 $ 162 $ 311 $ 162 In the table above, other includes government and agency obligations, state and municipal obligations, other debt obligations, equity securities and commodities. Level 3 Rollforward Commentary Three Months Ended September 2022 . The net realized and unrealized losses on level 3 trading cash instrument assets of $84 million (reflecting $40 million of net realized gains and $124 million of net unrealized losses) for the three months ended September 2022 included gains/(losses) of $(106) million reported in market making and $22 million reported in interest income. The drivers of net unrealized losses on level 3 trading cash instrument assets for the three months ended September 2022 were not material. Transfers into level 3 trading cash instrument assets during the three months ended September 2022 primarily reflected transfers of certain corporate debt instruments from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 trading cash instruments assets during the three months ended September 2022 primarily reflected transfers of certain corporate debt instruments to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments). Nine Months Ended September 2022 . The net realized and unrealized losses on level 3 trading cash instrument assets of $1.41 billion (reflecting $85 million of net realized gains and $1.50 billion of net unrealized losses) for the nine months ended September 2022 included gains/(losses) of $(1.46) billion reported in market making and $53 million reported in interest income. The net unrealized losses on level 3 trading cash instrument assets for the nine months ended September 2022 primarily reflected losses on certain equity securities (included in other cash instruments), principally driven by broad macroeconomic and geopolitical concerns. Transfers into level 3 trading cash instrument assets during the nine months ended September 2022 primarily reflected transfers of certain equity securities (included in other cash instruments) and corporate debt instruments from both level 1 and level 2 (in each case, principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 trading cash instrument assets during the nine months ended September 2022 primarily reflected transfers of certain corporate debt instruments to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments). Three Months Ended September 2021. The net realized and unrealized gains on level 3 trading cash instrument assets of $38 million (reflecting $27 million of net realized gains and $11 million of net unrealized gains) for the three months ended September 2021 included gains of $17 million reported in market making and $21 million reported in interest income. The drivers of net unrealized gains on level 3 trading cash instrument assets for the three months ended September 2021 were not material. Transfers into level 3 trading cash instrument assets during the three months ended September 2021 primarily reflected transfers of certain corporate debt instruments from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 trading cash instrument assets during the three months ended September 2021 primarily reflected transfers of certain corporate debt instruments to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments). Nine Months Ended September 2021. The net realized and unrealized gains on level 3 trading cash instrument assets of $127 million (reflecting $63 million of net realized gains and $64 million of net unrealized gains) for the nine months ended September 2021 included gains of $63 million reported in market making and $64 million reported in interest income. The drivers of net unrealized gains on level 3 trading cash instrument assets for the nine months ended September 2021 were not material. Transfers into level 3 trading cash instrument assets during the nine months ended September 2021 primarily reflected transfers of certain corporate debt instruments from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments).

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative Activities Derivatives are instruments that derive their value from underlying asset prices, indices, reference rates and other inputs, or a combination of these factors. Derivatives may be traded on an exchange (exchange-traded) or they may be privately negotiated contracts, which are usually referred to as OTC derivatives. Certain of the firm’s OTC derivatives are cleared and settled through central clearing counterparties (OTC-cleared), while others are bilateral contracts between two counterparties (bilateral OTC). Market Making. As a market maker, the firm enters into derivative transactions to provide liquidity to clients and to facilitate the transfer and hedging of their risks. In this role, the firm typically acts as principal and is required to commit capital to provide execution, and maintains market-making positions in response to, or in anticipation of, client demand. Risk Management. The firm also enters into derivatives to actively manage risk exposures that arise from its market-making and investing and financing activities. The firm’s holdings and exposures are hedged, in many cases, on either a portfolio or risk-specific basis, as opposed to an instrument-by-instrument basis. The offsetting impact of this economic hedging is reflected in the same business segment as the related revenues. In addition, the firm may enter into derivatives designated as hedges under U.S. GAAP. These derivatives are used to manage interest rate exposure of certain fixed-rate unsecured borrowings and deposits and certain U.S. government securities classified as available-for-sale, foreign exchange risk of certain available-for-sale securities and the net investment in certain non-U.S. operations, and the price risk of certain commodities. The firm enters into various types of derivatives, including: • Futures and Forwards. Contracts that commit counterparties to purchase or sell financial instruments, commodities or currencies in the future. • Swaps. Contracts that require counterparties to exchange cash flows, such as currency or interest payment streams. The amounts exchanged are based on the specific terms of the contract with reference to specified rates, financial instruments, commodities, currencies or indices. • Options. Contracts in which the option purchaser has the right, but not the obligation, to purchase from or sell to the option writer financial instruments, commodities or currencies within a defined time period for a specified price. Derivatives are reported on a net-by-counterparty basis (i.e., the net payable or receivable for derivative assets and liabilities for a given counterparty) when a legal right of setoff exists under an enforceable netting agreement (counterparty netting). Derivatives are accounted for at fair value, net of cash collateral received or posted under enforceable credit support agreements (cash collateral netting). Derivative assets are included in trading assets and derivative liabilities are included in trading liabilities. Realized and unrealized gains and losses on derivatives not designated as hedges are included in market making (for derivatives included in the Global Markets segment), and other principal transactions (for derivatives included in the remaining business segments) in the consolidated statements of earnings. For each of the three and nine months ended September 2022 and September 2021, substantially all of the firm’s derivatives were included in the Global Markets segment. The tables below present the gross fair value and the notional amounts of derivative contracts by major product type, the amounts of counterparty and cash collateral netting in the consolidated balance sheets, as well as cash and securities collateral posted and received under enforceable credit support agreements that do not meet the criteria for netting under U.S. GAAP. As of September 2022 As of December 2021 $ in millions Derivative Derivative Derivative Derivative Not accounted for as hedges Exchange-traded $ 1,048 $ 1,952 $ 256 $ 557 OTC-cleared 71,562 71,135 13,795 12,692 Bilateral OTC 206,352 184,457 232,595 205,073 Total interest rates 278,962 257,544 246,646 218,322 OTC-cleared 1,736 1,902 3,665 4,053 Bilateral OTC 12,479 10,831 12,591 11,702 Total credit 14,215 12,733 16,256 15,755 Exchange-traded 50 25 417 10 OTC-cleared 1,485 1,097 423 338 Bilateral OTC 147,357 147,099 86,076 85,795 Total currencies 148,892 148,221 86,916 86,143 Exchange-traded 13,519 13,615 6,534 6,189 OTC-cleared 853 1,019 652 373 Bilateral OTC 52,013 39,930 28,359 25,969 Total commodities 66,385 54,564 35,545 32,531 Exchange-traded 31,258 33,610 33,840 35,518 OTC-cleared 14 14 8 5 Bilateral OTC 35,209 42,826 39,718 44,750 Total equities 66,481 76,450 73,566 80,273 Subtotal 574,935 549,512 458,929 433,024 Accounted for as hedges OTC-cleared — 7 1 — Bilateral OTC 323 10 945 — Total interest rates 323 17 946 — OTC-cleared 85 25 34 27 Bilateral OTC 831 134 60 139 Total currencies 916 159 94 166 Subtotal 1,239 176 1,040 166 Total gross fair value $ 576,174 $ 549,688 $ 459,969 $ 433,190 Offset in the consolidated balance sheets Exchange-traded $ (39,580) $ (39,580) $ (35,724) $ (35,724) OTC-cleared (73,326) (73,326) (16,979) (16,979) Bilateral OTC (309,469) (309,469) (279,189) (279,189) Counterparty netting (422,375) (422,375) (331,892) (331,892) OTC-cleared (1,559) (154) (1,033) (361) Bilateral OTC (72,119) (56,390) (63,084) (48,984) Cash collateral netting (73,678) (56,544) (64,117) (49,345) Total amounts offset $ (496,053) $ (478,919) $ (396,009) $ (381,237) Included in the consolidated balance sheets Exchange-traded $ 6,295 $ 9,622 $ 5,323 $ 6,550 OTC-cleared 850 1,719 566 148 Bilateral OTC 72,976 59,428 58,071 45,255 Total $ 80,121 $ 70,769 $ 63,960 $ 51,953 Not offset in the consolidated balance sheets Cash collateral $ (595) $ (2,475) $ (1,008) $ (1,939) Securities collateral (17,908) (4,887) (15,751) (7,349) Total $ 61,618 $ 63,407 $ 47,201 $ 42,665 Notional Amounts as of September December $ in millions 2022 2021 Not accounted for as hedges Exchange-traded $ 4,112,393 $ 2,630,915 OTC-cleared 16,663,199 17,874,504 Bilateral OTC 10,483,366 11,122,871 Total interest rates 31,258,958 31,628,290 Exchange-traded 13 — OTC-cleared 531,824 463,477 Bilateral OTC 644,885 616,095 Total credit 1,176,722 1,079,572 Exchange-traded 9,312 14,617 OTC-cleared 183,609 194,124 Bilateral OTC 6,094,304 6,606,927 Total currencies 6,287,225 6,815,668 Exchange-traded 421,737 308,917 OTC-cleared 3,492 3,647 Bilateral OTC 270,884 234,322 Total commodities 696,113 546,886 Exchange-traded 1,243,432 1,149,777 OTC-cleared 301 198 Bilateral OTC 1,118,371 1,173,103 Total equities 2,362,104 2,323,078 Subtotal 41,781,122 42,393,494 Accounted for as hedges OTC-cleared 263,785 219,083 Bilateral OTC 3,426 4,499 Total interest rates 267,211 223,582 OTC-cleared 1,885 2,758 Bilateral OTC 17,988 18,658 Total currencies 19,873 21,416 Exchange-traded 652 1,050 Total commodities 652 1,050 Subtotal 287,736 246,048 Total notional amounts $ 42,068,858 $ 42,639,542 In the tables above: • Gross fair values exclude the effects of both counterparty netting and collateral, and therefore are not representative of the firm’s exposure. • Where the firm has received or posted collateral under credit support agreements, but has not yet determined such agreements are enforceable, the related collateral has not been netted. • Notional amounts, which represent the sum of gross long and short derivative contracts, provide an indication of the volume of the firm’s derivative activity and do not represent anticipated losses. • Total gross fair value of derivatives included derivative assets of $17.12 billion as of September 2022 and $17.48 billion as of December 2021, a nd derivative liabilities of $16.19 billion as of September 2022 and $17.29 billion as of December 2021, which are not subject to an enforceable netting agreement or are subject to a netting agreement that the firm has not yet determined to be enforceable. Fair Value of Derivatives by Level The table below presents derivatives on a gross basis by level and product type, as well as the impact of netting. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Interest rates $ 62 $ 276,914 $ 2,309 $ 279,285 Credit — 11,404 2,811 14,215 Currencies — 149,107 701 149,808 Commodities — 64,227 2,158 66,385 Equities 124 64,862 1,495 66,481 Gross fair value 186 566,514 9,474 576,174 Counterparty netting in levels (417,307) (1,039) (418,346) Subtotal $ 186 $ 149,207 $ 8,435 $ 157,828 Cross-level counterparty netting (4,029) Cash collateral netting (73,678) Net fair value $ 80,121 Liabilities Interest rates $ (14) $ (256,711) $ (836) $ (257,561) Credit — (11,588) (1,145) (12,733) Currencies — (147,804) (576) (148,380) Commodities — (53,923) (641) (54,564) Equities (25) (74,292) (2,133) (76,450) Gross fair value (39) (544,318) (5,331) (549,688) Counterparty netting in levels 417,307 1,039 418,346 Subtotal $ (39) $ (127,011) $ (4,292) $ (131,342) Cross-level counterparty netting 4,029 Cash collateral netting 56,544 Net fair value $ (70,769) As of December 2021 Assets Interest rates $ 2 $ 246,525 $ 1,065 $ 247,592 Credit — 12,823 3,433 16,256 Currencies — 86,773 237 87,010 Commodities — 34,501 1,044 35,545 Equities 33 72,570 963 73,566 Gross fair value 35 453,192 6,742 459,969 Counterparty netting in levels — (329,164) (804) (329,968) Subtotal $ 35 $ 124,028 $ 5,938 $ 130,001 Cross-level counterparty netting (1,924) Cash collateral netting (64,117) Net fair value $ 63,960 Liabilities Interest rates $ (2) $ (217,438) $ (882) $ (218,322) Credit — (14,176) (1,579) (15,755) Currencies — (85,925) (384) (86,309) Commodities — (31,925) (606) (32,531) Equities (29) (77,393) (2,851) (80,273) Gross fair value (31) (426,857) (6,302) (433,190) Counterparty netting in levels — 329,164 804 329,968 Subtotal $ (31) $ (97,693) $ (5,498) $ (103,222) Cross-level counterparty netting 1,924 Cash collateral netting 49,345 Net fair value $ (51,953) In the table above: • Gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm’s exposure. • Counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels. Where the counterparty netting is across levels, the netting is included in cross-level counterparty netting. • Derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. See Note 4 for an overview of the firm’s fair value measurement policies and the valuation techniques and significant inputs used to determine the fair value of derivatives. Significant Unobservable Inputs The table below presents the amount of level 3 derivative assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value level 3 derivatives. As of September 2022 As of December 2021 $ in millions, except inputs Amount or Range Average/ Median Amount or Range Average/ Median Interest rates, net $ 1,473 $ 183 Correlation 25% to 81% 64%/63% 25% to 81% 63%/62% Volatility (bps) 31 to 100 63/61 31 to 100 59/54 Credit, net $ 1,666 $ 1,854 Credit spreads (bps) 4 to 1,040 188/117 1 to 568 136/107 Upfront credit points 0 to 100 41/34 2 to 100 34/26 Recovery rates 20% to 50% 41%/40% 20% to 50% 37%/40% Currencies, net $ 125 $ (147) Correlation 20% to 71% 39%/23% 20% to 71% 40%/41% Volatility 20% to 21% 21%/21% 19% to 19% 19%/19% Commodities, net $ 1,517 $ 438 Volatility 25% to 148% 56%/47% 15% to 93% 32%/29% Natural gas spread $(3.59) to $8.59 $(0.16)/ $(0.20) $(1.33) to $2.60 $(0.11)/ $(0.07) Oil spread $(5.50) to $48.91 $20.75/ $20.07 $8.64 to $22.68 $13.36/ $12.69 Electricity price $2.60 to $309.83 $54.13/ $48.43 $1.50 to $289.96 $37.42/ $32.20 Equities, net $ (638) $ (1,888) Correlation (70)% to 100% 64%/66% (70)% to 99% 59%/62% Volatility 2% to 89% 16%/13% 3% to 150% 17%/17% In the table above: • Derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. • Ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative. • Averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional amount of the respective financial instruments. An average greater than the median indicates that the majority of inputs are below the average. For example, the difference between the average and the median for credit spreads indicates that the majority of the inputs fall in the lower end of the range. • The ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative. For example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 derivatives. • Interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models. • The fair value of any one instrument may be determined using multiple valuation techniques. For example, option pricing models and discounted cash flow models are typically used together to determine fair value. Therefore, the level 3 balance encompasses both of these techniques. • Correlation within currencies and equities includes cross-product type correlation. • Natural gas spread represents the spread per million British thermal units of natural gas. • Oil spread represents the spread per barrel of oil and refined products. • Electricity price represents the price per megawatt hour of electricity. Range of Significant Unobservable Inputs The following provides information about the ranges of significant unobservable inputs used to value the firm’s level 3 derivative instruments: • Correlation. Ranges for correlation cover a variety of underliers both within one product type (e.g., equity index and equity single stock names) and across product types (e.g., correlation of an interest rate and a currency), as well as across regions. Generally, cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type. • Volatility. Ranges for volatility cover numerous underliers across a variety of markets, maturities and strike prices. For example, volatility of equity indices is generally lower than volatility of single stocks. • Credit spreads, upfront credit points and recovery rates. The ranges for credit spreads, upfront credit points and recovery rates cover a variety of underliers (index and single names), regions, sectors, maturities and credit qualities (high-yield and investment-grade). The broad range of this population gives rise to the width of the ranges of significant unobservable inputs. • Commodity prices and spreads. The ranges for commodity prices and spreads cover variability in products, maturities and delivery locations. Sensitivity of Fair Value Measurement to Changes in Significant Unobservable Inputs The following is a description of the directional sensitivity of the firm’s level 3 fair value measurements to changes in significant unobservable inputs, in isolation, as of each period-end: • Correlation. In general, for contracts where the holder benefits from the convergence of the underlying asset or index prices (e.g., interest rates, credit spreads, foreign exchange rates, inflation rates and equity prices), an increase in correlation results in a higher fair value measurement. • Volatility. In general, for purchased options, an increase in volatility results in a higher fair value measurement. • Credit spreads, upfront credit points and recovery rates. In general, the fair value of purchased credit protection increases as credit spreads or upfront credit points increase or recovery rates decrease. Credit spreads, upfront credit points and recovery rates are strongly related to distinctive risk factors of the underlying reference obligations, which include reference entity-specific factors, such as leverage, volatility and industry, market-based risk factors, such as borrowing costs or liquidity of the underlying reference obligation, and macroeconomic conditions. • Commodity prices and spreads. In general, for contracts where the holder is receiving a commodity, an increase in the spread (price difference from a benchmark index due to differences in quality or delivery location) or price results in a higher fair value measurement. Due to the distinctive nature of each of the firm’s level 3 derivatives, the interrelationship of inputs is not necessarily uniform within each product type. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 derivatives. Three Months Nine Months $ in millions 2022 2021 2022 2021 Total level 3 derivatives, net Beginning balance $ 3,174 $ 567 $ 440 $ 1,175 Net realized gains/(losses) (16) (33) 456 73 Net unrealized gains/(losses) 1,167 453 4,413 34 Purchases 156 92 216 439 Sales (232) (366) (1,004) (1,058) Settlements 491 (264) 50 99 Transfers into level 3 105 (112) (130) (79) Transfers out of level 3 (702) 312 (298) (34) Ending balance $ 4,143 $ 649 $ 4,143 $ 649 In the table above: • Changes in fair value are presented for all derivative assets and liabilities that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to instruments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a derivative was transferred into level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • Positive amounts for transfers into level 3 and negative amounts for transfers out of level 3 represent net transfers of derivative assets. Negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities. • A derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input. • If there is one significant level 3 input, the entire gain or loss from adjusting only observable inputs (i.e., level 1 and level 2 inputs) is classified in level 3. • Gains or losses that have been classified in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1, level 2 and level 3 trading cash instruments. As a result, gains/(losses) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by product type, for derivatives included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Interest rates, net Beginning balance $ 1,035 $ 308 $ 183 $ 267 Net realized gains/(losses) (27) (60) (98) (11) Net unrealized gains/(losses) 411 (56) 1,370 38 Purchases 8 — 55 67 Sales (1) (24) (27) (72) Settlements 64 101 111 23 Transfers into level 3 (15) (20) (7) (1) Transfers out of level 3 (2) (2) (114) (64) Ending balance $ 1,473 $ 247 $ 1,473 $ 247 Credit, net Beginning balance $ 2,164 $ 1,750 $ 1,854 $ 1,778 Net realized gains/(losses) (11) (22) 36 (33) Net unrealized gains/(losses) 24 11 92 129 Purchases 64 18 2 62 Sales (8) (35) (40) (62) Settlements (144) (22) (105) (9) Transfers into level 3 16 15 11 (60) Transfers out of level 3 (439) 4 (184) (86) Ending balance $ 1,666 $ 1,719 $ 1,666 $ 1,719 Currencies, net Beginning balance $ (239) $ (234) $ (147) $ (338) Net realized gains/(losses) 28 9 66 (29) Net unrealized gains/(losses) 199 43 225 (7) Purchases 1 1 2 41 Sales (2) (5) (7) (12) Settlements 122 36 62 235 Transfers into level 3 2 (4) (81) (20) Transfers out of level 3 14 35 5 11 Ending balance $ 125 $ (119) $ 125 $ (119) Commodities, net Beginning balance $ 1,435 $ 266 $ 438 $ 300 Net realized gains/(losses) (53) (23) (29) (76) Net unrealized gains/(losses) 209 196 1,264 348 Purchases 5 16 4 38 Sales (16) (4) (23) (34) Settlements (14) 6 (87) (56) Transfers into level 3 78 25 172 16 Transfers out of level 3 (127) 31 (222) (23) Ending balance $ 1,517 $ 513 $ 1,517 $ 513 Equities, net Beginning balance $ (1,221) $ (1,523) $ (1,888) $ (832) Net realized gains/(losses) 47 63 481 222 Net unrealized gains/(losses) 324 259 1,462 (474) Purchases 78 57 153 231 Sales (205) (298) (907) (878) Settlements 463 (385) 69 (94) Transfers into level 3 24 (128) (225) (14) Transfers out of level 3 (148) 244 217 128 Ending balance $ (638) $ (1,711) $ (638) $ (1,711) Level 3 Rollforward Commentary Three Months Ended September 2022. The net realized and unrealized gains on level 3 derivatives of $1.15 billion (reflecting $16 million of net realized losses and $1.17 billion of net unrealized gains) for the three months ended September 2022 included gains of $1.14 billion reported in market making and gains of $7 million reported in other principal transactions. The net unrealized gains on level 3 derivatives for the three months ended September 2022 were primarily attributable to gains on certain interest rate derivatives (primarily reflecting the impact of an increase in interest rates), gains on certain equity derivatives (primarily reflecting the impact of a decrease in equity prices), gains on certain commodity derivatives (primarily reflecting the impact of an increase in commodity prices), and gains on certain currency derivatives (primarily reflecting the impact of changes in foreign exchange rates). The drivers of transfers into level 3 derivatives during the three months ended September 2022 were not material. Transfers out of level 3 derivatives during the three months ended September 2022 primarily reflected transfers of certain credit derivative assets to level 2 (principally due to certain unobservable credit spread inputs no longer being significant to the net risk of certain portfolios), certain equity derivative assets to level 2 (principally due to increased transparency of certain unobservable volatility inputs used to value these derivatives), and certain commodity derivative assets to level 2 (principally due to certain unobservable natural gas spread and volatility inputs no longer being significant to the valuation of these derivatives). Nine Months Ended September 2022. The net realized and unrealized gains on level 3 derivatives of $4.87 billion (reflecting $456 million of net realized gains and $4.41 billion of net unrealized gains) for the nine months ended September 2022 included gains of $4.85 billion reported in market making and gains of $16 million reported in other principal transactions. The net unrealized gains on level 3 derivatives for the nine months ended September 2022 were primarily attributable to gains on certain equity derivatives (primarily reflecting the impact of a decrease in equity prices), gains on certain interest rate derivatives (primarily reflecting the impact of an increase in interest rates), and gains on certain commodity derivatives (primarily reflecting the impact of an increase in commodity prices). Transfers into level 3 derivatives during the nine months ended September 2022 primarily reflected transfers of certain equity derivative liabilities from level 2 (principally due to decreased transparency of certain unobservable volatility inputs used to value these derivatives) and certain currency derivative liabilities from level 2 (principally due to certain unobservable correlation inputs becoming significant to the valuation of these derivatives), partially offset by transfers of certain commodity derivative assets from level 2 (principally due to certain unobservable electricity price inputs becoming significant to the valuation of these derivatives). Transfers out of level 3 derivatives during the nine months ended September 2022 primarily reflected transfers of certain commodity derivative assets to level 2 (principally due to certain unobservable natural gas spread and volatility inputs no longer being significant to the valuation of these derivatives), certain credit derivative assets to level 2 (principally due to certain unobservable credit spread inputs no longer being significant to the net risk of certain portfolios), and certain interest rate derivative assets to level 2 (principally due to increased transparency of certain unobservable volatility inputs used to value these derivatives), partially offset by transfers of certain equity derivative liabilities to level 2 (principally due to increased transparency of certain unobservable volatility inputs used to value these derivatives). Three Months Ended September 2021. The net realized and unrealized gains on level 3 derivatives of $420 million (reflecting $33 million of net realized losses and $453 million of net unrealized gains) for the three months ended September 2021 included gains of $405 million reported in market making and $15 million reported in other principal transactions. The net unrealized gains on level 3 derivatives for the three months ended September 2021 were primarily attributable to gains on certain equity derivatives (primarily reflecting the impact of changes in equity prices) and gains on certain commodity derivatives (primarily reflecting the impact of an increase in commodity prices). Transfers into level 3 derivatives during the three months ended September 2021 primarily reflected transfers of certain equity derivative liabilities from level 2 (principally due to certain unobservable inputs becoming significant to the valuation of these derivatives). Transfers out of level 3 derivatives during the three months ended September 2021 primarily reflected transfers of certain equity derivative liabilities to level 2 (principally due to increased transparency of certain volatility inputs used to value these derivatives). Nine Months Ended September 2021. The net realized and unrealized gains on level 3 derivatives of $107 million (reflecting $73 million of net realized gains and $34 million of net unrealized gains) for the nine months ended September 2021 included gains of $62 million reported in market making and $45 million reported in other principal transactions. The net unrealized gains on level 3 derivatives for the nine months ended September 2021 were primarily attributable to gains on certain commodity derivatives (primarily reflecting the impact of an increase in commodity prices) and gains on certain credit derivatives (primarily reflecting the impact of changes in foreign exchange rates), partially offset by losses on certain equity derivatives (primarily reflecting the impact of an increase in equity prices). The drivers of transfers into level 3 derivatives during the nine months ended September 2021 were not material. Transfers out of level 3 derivatives during the nine months ended September 2021 primarily reflected transfers of certain equity derivative liabilities to level 2 (principally due to increased transparency of certain volatility inputs used to value these derivatives), partially offset by transfers of certain credit derivative assets to level 2 (principally due to certain unobservable credit spread inputs no longer being significant to the valuation of these derivatives). OTC Derivatives The table below presents OTC derivative assets and liabilities by tenor and major product type. $ in millions Less than 1 - 5 Greater than 5 Years Total As of September 2022 Assets Interest rates $ 12,714 $ 17,175 $ 53,692 $ 83,581 Credit 971 2,908 2,678 6,557 Currencies 25,586 10,152 8,154 43,892 Commodities 17,378 15,744 2,163 35,285 Equities 7,903 5,795 3,674 17,372 Counterparty netting in tenors (4,306) (3,971) (4,572) (12,849) Subtotal $ 60,246 $ 47,803 $ 65,789 $ 173,838 Cross-tenor counterparty netting (26,334) Cash collateral netting (73,678) Total OTC derivative assets $ 73,826 Liabilities Interest rates $ 17,883 $ 24,168 $ 18,904 $ 60,955 Credit 1,459 2,013 1,603 5,075 Currencies 20,944 11,134 10,412 42,490 Commodities 11,761 10,555 1,049 23,365 Equities 13,020 8,807 3,162 24,989 Counterparty netting in tenors (4,306) (3,971) (4,572) (12,849) Subtotal $ 60,761 $ 52,706 $ 30,558 $ 144,025 Cross-tenor counterparty netting (26,334) Cash collateral netting (56,544) Total OTC derivative liabilities $ 61,147 As of December 2021 Assets Interest rates $ 6,076 $ 11,655 $ 61,380 $ 79,111 Credit 1,800 2,381 3,113 7,294 Currencies 13,366 6,642 6,570 26,578 Commodities 10,178 7,348 770 18,296 Equities 11,075 6,592 2,100 19,767 Counterparty netting in tenors (3,624) (3,357) (2,673) (9,654) Subtotal $ 38,871 $ 31,261 $ 71,260 $ 141,392 Cross-tenor counterparty netting (18,638) Cash collateral netting (64,117) Total OTC derivative assets $ 58,637 Liabilities Interest rates $ 3,929 $ 10,932 $ 34,676 $ 49,537 Credit 1,695 3,257 1,841 6,793 Currencies 14,122 6,581 5,580 26,283 Commodities 7,591 6,274 1,763 15,628 Equities 8,268 12,944 3,587 24,799 Counterparty netting in tenors (3,624) (3,357) (2,673) (9,654) Subtotal $ 31,981 $ 36,631 $ 44,774 $ 113,386 Cross-tenor counterparty netting (18,638) Cash collateral netting (49,345) Total OTC derivative liabilities $ 45,403 In the table above: • Tenor is based on remaining contractual maturity. • Counterparty netting within the same product type and tenor category is included within such product type and tenor category. • Counterparty netting across product types within the same tenor category is included in counterparty netting in tenors. Where the counterparty netting is across tenor categories, the netting is included in cross-tenor counterparty netting. Credit Derivatives The firm enters into a broad array of credit derivatives to facilitate client transactions and to manage the credit risk associated with market-making and investing and financing activities. Credit derivatives are actively managed based on the firm’s net risk position. Credit derivatives are generally individually negotiated contracts and can have various settlement and payment conventions. Credit events include failure to pay, bankruptcy, acceleration of indebtedness, restructuring, repudiation and dissolution of the reference entity. The firm enters into the following types of credit derivatives: • Credit Default Swaps. Single-name credit default swaps protect the buyer against the loss of principal on one or more bonds, loans or mortgages (reference obligations) in the event the issuer of the reference obligations suffers a credit event. The buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract. If there is no credit event, as defined in the contract, the seller of protection makes no payments to the buyer. If a credit event occurs, the seller of protection is required to make a payment to the buyer, calculated according to the terms of the contract. • Credit Options. In a credit option, the option writer assumes the obligation to purchase or sell a reference obligation at a specified price or credit spread. The option purchaser buys the right, but does not assume the obligation, to sell the reference obligation to, or purchase it from, the option writer. The payments on credit options depend either on a particular credit spread or the price of the reference obligation. • Credit Indices, Baskets and Tranches. Credit derivatives may reference a basket of single-name credit default swaps or a broad-based index. If a credit event occurs in one of the underlying reference obligations, the protection seller pays the protection buyer. The payment is typically a pro-rata portion of the transaction’s total notional amount based on the underlying defaulted reference obligation. In certain transactions, the credit risk of a basket or index is separated into various portions (tranches), each having different levels of subordination. The most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches, any excess loss is covered by the next mos

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Investments, Fair Value Disclosure [Abstract]
Investments	Investments Investments includes debt instruments and equity securities that are accounted for at fair value and are generally held by the firm in connection with its long-term investing activities. In addition, investments includes debt securities classified as available-for-sale and held-to-maturity that are generally held in connection with the firm’s asset-liability management activities. Investments also consists of equity securities that are accounted for under the equity method. The table below presents information about investments. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Debt instruments, at fair value 14,096 15,558 Available-for-sale securities, at fair value 48,125 48,932 Investments, at fair value 77,580 83,427 Held-to-maturity securities 48,549 4,699 Equity method investments 834 593 Total investments $ 126,963 $ 88,719 Equity Securities and Debt Instruments, at Fair Value Equity securities and debt instruments, at fair value are accounted for at fair value either under the fair value option or in accordance with other U.S. GAAP, and the related fair value gains and losses are recognized in the consolidated statements of earnings. Equity Securities, at Fair Value. Equity securities, at fair value consists of the firm’s public and private equity investments in corporate and real estate entities. The table below presents information about equity securities, at fair value. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Equity Type Public equity 17 % 24 % Private equity 83 % 76 % Total 100 % 100 % Asset Class Corporate 73 % 78 % Real estate 27 % 22 % Total 100 % 100 % In the table above: • Equity securities, at fair value included investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $5.07 billion as of September 2022 and $5.81 billion as of December 2021. Gains/(losses) recognized as a result of changes in the fair value of equity securities for which the fair value option was elected were $(118) million for the three months ended September 2022, $177 million for the three months ended September 2021, $(189) million for the nine months ended September 2022 and $1.81 billion for the nine months ended September 2021. These gains/(losses) are included in other principal transactions. • Equity securities, at fair value included $1.33 billion as of September 2022 and $1.80 billion as of December 2021 of investments in funds that are measured at NAV. Debt Instruments, at Fair Value. Debt instruments, at fair value primarily includes mezzanine, senior and distressed debt. The table below presents information about debt instruments, at fair value. As of September December $ in millions 2022 2021 Corporate debt securities $ 9,828 $ 9,793 Securities backed by real estate 1,316 2,280 Money market instruments 1,002 1,396 Other 1,950 2,089 Total $ 14,096 $ 15,558 In the table above: • Money market instruments primarily includes time deposits and investments in money market funds. • Other included $1.64 billion as of September 2022 and $1.67 billion as of December 2021 of investments in credit funds that are measured at NAV. Investments in Funds at Net Asset Value Per Share. Equity securities and debt instruments, at fair value include investments in funds that are measured at NAV of the investment fund. The firm uses NAV to measure the fair value of fund investments when (i) the fund investment does not have a readily determinable fair value and (ii) the NAV of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the investments at fair value. Substantially all of the firm’s investments in funds at NAV consist of investments in firm-sponsored private equity, credit, real estate and hedge funds where the firm co-invests with third-party investors. Private equity funds primarily invest in a broad range of industries worldwide, including leveraged buyouts, recapitalizations, growth investments and distressed investments. Credit funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for leveraged and management buyout transactions, recapitalizations, financings, refinancings, acquisitions and restructurings for private equity firms, private family companies and corporate issuers. Real estate funds invest globally, primarily in real estate companies, loan portfolios, debt recapitalizations and property. Private equity, credit and real estate funds are closed-end funds in which the firm’s investments are generally not eligible for redemption. Distributions will be received from these funds as the underlying assets are liquidated or distributed, the timing of which is uncertain. The firm also invests in hedge funds, primarily multi-disciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies. The firm’s investments in hedge funds primarily include interests where the underlying assets are illiquid in nature, and proceeds from redemptions will not be received until the underlying assets are liquidated or distributed, the timing of which is uncertain. Private equity and hedge funds, in which the firm is invested, include “covered funds” as defined in the Volcker Rule of the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Substantially all of the credit and real estate funds, in which the firm is invested, are not covered funds. As of September 2022, the firm’s total investments in funds at NAV included investments of approximately $400 million (net of the firm’s share of cash in the funds) in certain legacy “illiquid funds” (as defined in the Volcker Rule) for which the firm conformed by restructuring these funds to be non-covered funds as liquidating trusts by July 2022. However, based on recent interpretations of the covered fund provisions of the Volcker Rule, the firm may be required to seek an additional extension from the Board of Governors of the Federal Reserve System (FRB) to bring these funds into conformance. If the firm does not receive any required extensions or conform by the end of any extensions received, the firm may be required to sell such interests. If that occurs, the firm may receive a value for its interests that is less than the then carrying value as there could be a limited secondary market for these investments and the firm may be unable to sell them in orderly transactions. The table below presents the fair value of investments in funds at NAV and the related unfunded commitments. $ in millions Fair Value of Investments Unfunded Commitments As of September 2022 Private equity funds $ 955 $ 589 Credit funds 1,649 417 Hedge funds 70 — Real estate funds 297 129 Total $ 2,971 $ 1,135 As of December 2021 Private equity funds $ 1,411 $ 619 Credit funds 1,686 556 Hedge funds 84 — Real estate funds 288 147 Total $ 3,469 $ 1,322 Available-for-Sale Securities Available-for-sale securities are accounted for at fair value, and the related unrealized fair value gains and losses are included in accumulated other comprehensive income/(loss) unless designated in a fair value hedging relationship. See Note 7 for information about available-for-sale securities that are designated in a hedging relationship. The table below presents information about available-for-sale securities by tenor. $ in millions Amortized Cost Fair Value Weighted Average Yield As of September 2022 Less than 1 year $ 2,353 $ 2,295 0.24 % 1 year to 5 years 46,366 43,125 0.65 % 5 years to 10 years 830 776 2.14 % Total U.S. government obligations 49,549 46,196 0.65 % 1 year to 5 years 9 9 0.28 % 5 years to 10 years 2,461 1,920 0.40 % Total non-U.S. government obligations 2,470 1,929 0.40 % Total available-for-sale securities $ 52,019 $ 48,125 0.64 % As of December 2021 Less than 1 year $ 25 $ 25 0.12 % 1 year to 5 years 41,536 41,066 0.47 % 5 years to 10 years 5,337 5,229 0.92 % Greater than 10 years 2 2 2.00 % Total U.S. government obligations 46,900 46,322 0.53 % 5 years to 10 years 2,693 2,610 0.33 % Total non-U.S. government obligations 2,693 2,610 0.33 % Total available-for-sale securities $ 49,593 $ 48,932 0.52 % In the table above: • Available-for-sale securities were classified in level 1 of the fair value hierarchy as of both September 2022 and December 2021. • The weighted average yield for available-for-sale securities is presented on a pre-tax basis and computed using the effective interest rate of each security at the end of the period, weighted based on the fair value of each security. • The gross unrealized gains included in accumulated other comprehensive income/(loss) were not material and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $3.89 billion as of September 2022 and primarily related to U.S. government obligations in a continuous unrealized loss position for more than a year. The gross unrealized gains included in accumulated other comprehensive income/(loss) were $118 million and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $779 million as of December 2021 and primarily related to U.S. government obligations in a continuous unrealized loss position for less than a year. Net unrealized losses included in other comprehensive income/(loss) were $836 million ($615 million, net of tax) for the three months ended September 2022, $152 million ($114 million, net of tax) for the three months ended September 2021, $3.23 billion ($2.41 billion, net of tax) for the nine months ended September 2022 and $880 million ($658 million, net of tax) for the nine months ended September 2021. • If the fair value of available-for-sale securities is less than amortized cost, such securities are considered impaired. If the firm has the intent to sell the debt security, or if it is more likely than not that the firm will be required to sell the debt security before recovery of its amortized cost, the difference between the amortized cost (net of allowance, if any) and the fair value of the securities is recognized as an impairment loss in earnings. The firm did not record any such impairment losses during either the three or nine months ended September 2022 or September 2021. Impaired available-for-sale debt securities that the firm has the intent and ability to hold are reviewed to determine if an allowance for credit losses should be recorded. The firm considers various factors in such determination, including market conditions, changes in issuer credit ratings and severity of the unrealized losses. The firm did not record any provision for credit losses on such securities during either the three or nine months ended September 2022 or September 2021. The table below presents gross realized gains and the proceeds from the sales of available-for-sale securities. Three Months Nine Months $ in millions 2022 2021 2022 2021 Gross realized gains $ — $ 54 $ — $ 187 Proceeds from sales $ — $ 11,467 $ 2 $ 24,882 In the table above, the realized gains were reclassified from accumulated other comprehensive income/(loss) to other principal transactions in the consolidated statements of earnings. Fair Value of Investments by Level The table below presents investments accounted for at fair value by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Government and agency obligations: U.S. $ 46,196 $ — $ — $ 46,196 Non-U.S. 1,921 20 — 1,941 Corporate debt securities 160 2,930 6,738 9,828 Securities backed by real estate — 404 912 1,316 Money market instruments 24 978 — 1,002 Other debt obligations — 8 284 292 Equity securities 1,974 3,040 9,020 14,034 Subtotal $ 50,275 $ 7,380 $ 16,954 $ 74,609 Investments in funds at NAV 2,971 Total investments $ 77,580 As of December 2021 Government and agency obligations: U.S. $ 46,322 $ — $ — $ 46,322 Non-U.S. 2,612 — — 2,612 Corporate debt securities 65 5,201 4,527 9,793 Securities backed by real estate — 1,202 1,078 2,280 Money market instruments 41 1,355 — 1,396 Other debt obligations — 35 382 417 Equity securities 2,135 7,088 7,915 17,138 Subtotal $ 51,175 $ 14,881 $ 13,902 $ 79,958 Investments in funds at NAV 3,469 Total investments $ 83,427 See Note 4 for an overview of the firm’s fair value measurement policies and the valuation techniques and significant inputs used to determine the fair value of investments. Significant Unobservable Inputs The table below presents the amount of level 3 investments, and ranges and weighted averages of significant unobservable inputs used to value such investments. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Amount or Range Weighted Corporate debt securities Level 3 assets $ 6,738 $ 4,527 Yield 2.0% to 21.8% 11.8 % 2.0% to 29.0% 10.8 % Recovery rate 9.1% to 78.5% 51.7 % 9.1% to 76.0% 59.1 % Duration (years) 1.2 to 5.5 3.9 1.4 to 6.4 3.8 Multiples 1.9x to 66.5x 7.8x 0.5x to 28.2x 6.9x Securities backed by real estate Level 3 assets $ 912 $ 1,078 Yield 8.3% to 23.3% 15.4 % 8.3% to 20.3% 13.1 % Recovery rate N/A N/A 55.1% to 61.0% 56.4 % Duration (years) 1.0 to 4.2 4.1 0.1 to 2.6 1.2 Other debt obligations Level 3 assets $ 284 $ 382 Yield 5.0% to 20.0% 7.1 % 2.3% to 10.6% 3.2 % Duration (years) 0.4 to 1.5 1.3 0.9 to 9.3 4.8 Equity securities Level 3 assets $ 9,020 $ 7,915 Multiples 0.4x to 34.4x 9.0x 0.4x to 30.5x 10.1x Discount rate/yield 6.0% to 38.5% 14.7 % 2.0% to 35.0% 14.1 % Capitalization rate 4.0% to 10.8% 5.4 % 3.5% to 14.0% 5.7 % In the table above: • Ranges represent the significant unobservable inputs that were used in the valuation of each type of investment. • Weighted averages are calculated by weighting each input by the relative fair value of the investment. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one investment. For example, the highest multiple for private equity securities is appropriate for valuing a specific private equity security but may not be appropriate for valuing any other private equity security. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 investments. • Increases in yield, discount rate, capitalization rate or duration used in the valuation of level 3 investments would have resulted in a lower fair value measurement, while increases in recovery rate or multiples would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 investment, the interrelationship of inputs is not necessarily uniform within each product type. • Corporate debt securities, securities backed by real estate and other debt obligations are valued using discounted cash flows, and equity securities are valued using market comparables and discounted cash flows. • The fair value of any one instrument may be determined using multiple valuation techniques. For example, market comparables and discounted cash flows may be used together to determine fair value. Therefore, the level 3 balance encompasses both of these techniques. • The significant unobservable inputs for recovery rate related to securities backed by real estate as of September 2022 did not have a range (and there was no weighted average) as they pertained to a single position. Therefore, such unobservable inputs are not included in the table above. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 investments. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ 16,109 $ 16,332 $ 13,902 $ 16,423 Net realized gains/(losses) 103 78 428 184 Net unrealized gains/(losses) (407) 155 (1,828) 1,244 Purchases 445 496 1,385 1,467 Sales (236) (478) (741) (1,070) Settlements (272) (831) (1,461) (2,421) Transfers into level 3 1,687 806 6,425 1,843 Transfers out of level 3 (475) (2,879) (1,156) (3,991) Ending balance $ 16,954 $ 13,679 $ 16,954 $ 13,679 In the table above: • Changes in fair value are presented for all investments that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to investments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If an investment was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 investments, increases are shown as positive amounts, while decreases are shown as negative amounts. The table below presents information, by product type, for investments included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Corporate debt securities Beginning balance $ 6,576 $ 4,958 $ 4,527 $ 5,286 Net realized gains/(losses) 69 33 224 150 Net unrealized gains/(losses) (111) 47 (297) 302 Purchases 137 101 624 374 Sales (78) (204) (151) (383) Settlements (143) (601) (810) (1,254) Transfers into level 3 659 529 2,944 1,120 Transfers out of level 3 (371) (586) (323) (1,318) Ending balance $ 6,738 $ 4,277 $ 6,738 $ 4,277 Securities backed by real estate Beginning balance $ 1,067 $ 1,117 $ 1,078 $ 998 Net realized gains/(losses) 7 12 21 29 Net unrealized gains/(losses) (88) (11) (287) 25 Purchases 17 14 76 212 Sales (47) (19) (96) (43) Settlements (23) (51) (140) (247) Transfers into level 3 1 26 269 114 Transfers out of level 3 (22) — (9) — Ending balance $ 912 $ 1,088 $ 912 $ 1,088 Other debt obligations Beginning balance $ 303 $ 502 $ 382 $ 497 Net realized gains/(losses) 3 4 9 9 Net unrealized gains/(losses) (3) 1 (8) 1 Purchases 4 10 28 32 Sales — (1) — (3) Settlements (23) (33) (127) (54) Transfers out of level 3 — (96) — (95) Ending balance $ 284 $ 387 $ 284 $ 387 Equity securities Beginning balance $ 8,163 $ 9,755 $ 7,915 $ 9,642 Net realized gains/(losses) 24 29 174 (4) Net unrealized gains/(losses) (205) 118 (1,236) 916 Purchases 287 371 657 849 Sales (111) (254) (494) (641) Settlements (83) (146) (384) (866) Transfers into level 3 1,027 251 3,212 609 Transfers out of level 3 (82) (2,197) (824) (2,578) Ending balance $ 9,020 $ 7,927 $ 9,020 $ 7,927 Level 3 Rollforward Commentary Three Months Ended September 2022 . The net realized and unrealized losses on level 3 investments of $304 million (reflecting $103 million of net realized gains and $407 million of net unrealized losses) for the three months ended September 2022 included gains/(losses) of $(427) million reported in other principal transactions and $123 million reported in interest income. The net unrealized losses on level 3 investments for the three months ended September 2022 primarily reflected losses on certain equity securities and corporate debt securities (in each case, principally driven by broad macroeconomic concerns). Transfers into level 3 investments during the three months ended September 2022 primarily reflected transfers of certain equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments) and transfers of certain corporate debt securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments, and certain unobservable yield and duration inputs becoming significant to the valuation of these instruments). Transfers out of level 3 investments during the three months ended September 2022 primarily reflected transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments). Nine Months Ended September 2022 . The net realized and unrealized losses on level 3 investments of $1.40 billion (reflecting $428 million of net realized gains and $1.83 billion of net unrealized losses) for the nine months ended September 2022 included gains/(losses) of $(1.71) billion reported in other principal transactions and $314 million reported in interest income. The net unrealized losses on level 3 investments for the nine months ended September 2022 primarily reflected losses on certain equity securities and corporate debt securities (in each case, principally driven by broad macroeconomic and geopolitical concerns) and securities backed by real estate (principally driven by an increase in interest rates). Transfers into level 3 investments during the nine months ended September 2022 primarily reflected transfers of certain equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments), and transfers of certain corporate debt securities from level 2 (principally due to certain unobservable yield and duration inputs becoming significant to the valuation of these instruments, and reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the nine months ended September 2022 primarily reflected transfers of certain equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments, and certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments). Three Months Ended September 2021. The net realized and unrealized gains on level 3 investments of $233 million (reflecting $78 million of net realized gains and $155 million of net unrealized gains) for the three months ended September 2021 included gains of $183 million reported in other principal transactions and $50 million reported in interest income. The net unrealized gains on level 3 investments for the three months ended September 2021 primarily reflected gains on certain private equity securities (principally driven by corporate performance and company-specific events). Transfers into level 3 investments during the three months ended September 2021 primarily reflected transfers of certain corporate debt securities and private equity securities from level 2 (in each case, principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the three months ended September 2021 primarily reflected transfers of certain private equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments, and increased price transparency as a result of market evidence, including market transactions in these instruments). Nine Months Ended September 2021. The net realized and unrealized gains on level 3 investments of $1.43 billion (reflecting $184 million of net realized gains and $1.24 billion of net unrealized gains) for the nine months ended September 2021 included gains of $1.29 billion reported in other principal transactions and $135 million reported in interest income. The net unrealized gains on level 3 investments for the nine months ended September 2021 primarily reflected gains on certain private equity securities and corporate debt securities (in each case, principally driven by corporate performance and company-specific events). Transfers into level 3 investments during the nine months ended September 2021 primarily reflected transfers of certain corporate debt securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments, and certain unobservable yield and duration inputs becoming significant to the valuation of these instruments) and transfers of certain private equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the nine months ended September 2021 primarily reflected transfers of certain private equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments, and increased price transparency as a result of market evidence, including market transactions of these instruments). Held-to-Maturity Securities Held-to-maturity securities are accounted for at amortized cost. The table below presents information about held-to-maturity securities by type and tenor. $ in millions Amortized Cost Fair Value Weighted Average Yield As of September 2022 Less than 1 year $ 5,920 $ 5,908 2.25 % 1 year to 5 years 40,254 38,816 2.79 % 5 years to 10 years 2,209 2,134 3.41 % Total U.S. government obligations 48,383 46,858 2.75 % 5 years to 10 years 2 2 4.39 % Greater than 10 years 164 160 1.79 % Total securities backed by real estate 166 162 1.84 % Total held-to-maturity securities $ 48,549 $ 47,020 2.75 % As of December 2021 1 year to 5 years $ 4,054 $ 4,200 2.30 % Total U.S. government obligations 4,054 4,200 2.30 % 5 years to 10 years 3 3 2.78 % Greater than 10 years 642 670 1.03 % Total securities backed by real estate 645 673 1.04 % Total held-to-maturity securities $ 4,699 $ 4,873 2.13 % In the table above: • Substantially all of the securities backed by real estate consist of securities backed by residential real estate. • As these securities are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these securities been included in the firm’s fair value hierarchy, U.S. government obligations would have been classified in level 1 and securities backed by real estate would have been primarily classified in level 2 of the fair value hierarchy as of both September 2022 and December 2021. • The weighted average yield for held-to-maturity securities is presented on a pre-tax basis and computed using the effective interest rate of each security at the end of the period, weighted based on the amortized cost of each security. • The gross unrealized gains were not material as of September 2022 and were $175 million as of December 2021. The gross unrealized losses were $1.53 billion as of September 2022 and were not material as of December 2021. • Held-to-maturity securities are reviewed to determine if an allowance for credit losses should be recorded in the consolidated statements of earnings. The firm considers various factors in such determination, including market conditions, changes in issuer credit ratings, historical credit losses and sovereign guarantees. Provision for credit losses on such securities was not material during either the three or nine months ended September 2022 or September 2021.

Loans

Loans	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Loans	Loans Loans includes (i) loans held for investment that are accounted for at amortized cost net of allowance for loan losses or at fair value under the fair value option and (ii) loans held for sale that are accounted for at the lower of cost or fair value. Interest on loans is recognized over the life of the loan and is recorded on an accrual basis. The table below presents information about loans. $ in millions Amortized Fair Value Held For Sale Total As of September 2022 Loan Type Corporate $ 57,431 $ 1,844 $ 3,906 $ 63,181 Wealth management 45,564 4,537 — 50,101 Commercial real estate 22,214 1,277 2,591 26,082 Residential real estate 14,084 257 1 14,342 Consumer: Installment 5,157 — — 5,157 Credit cards 13,691 — — 13,691 Other 8,324 335 302 8,961 Total loans, gross 166,465 8,250 6,800 181,515 Allowance for loan losses (4,846) — — (4,846) Total loans $ 161,619 $ 8,250 $ 6,800 $ 176,669 As of December 2021 Loan Type Corporate $ 50,960 $ 2,492 $ 2,475 $ 55,927 Wealth management 38,062 5,936 — 43,998 Commercial real estate 21,150 1,588 3,145 25,883 Residential real estate 15,493 320 100 15,913 Consumer: Installment 3,672 — — 3,672 Credit cards 8,212 — — 8,212 Other 5,958 433 2,139 8,530 Total loans, gross 143,507 10,769 7,859 162,135 Allowance for loan losses (3,573) — — (3,573) Total loans $ 139,934 $ 10,769 $ 7,859 $ 158,562 In the table above: • The increase in credit cards from December 2021 to September 2022 reflected approximately $2.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. • Loans held for investment that are accounted for at amortized cost include net deferred fees and costs, and unamortized premiums and discounts, which are amortized over the life of the loan. These amounts were less than 1% of loans accounted for at amortized cost as of both September 2022 and December 2021. The following is a description of the loan types in the table above: • Corporate. Corporate loans includes term loans, revolving lines of credit, letter of credit facilities and bridge loans, and are principally used for operating and general corporate purposes, or in connection with acquisitions. Corporate loans may be secured or unsecured, depending on the loan purpose, the risk profile of the borrower and other factors. • Wealth Management. Wealth management loans includes loans extended to private bank clients, including wealth management and other clients. These loans are used to finance investments in both financial and nonfinancial assets, bridge cash flow timing gaps or provide liquidity for other needs. Substantially all of such loans are secured by securities, residential real estate, commercial real estate or other assets. • Commercial Real Estate. Commercial real estate loans includes originated loans (other than those extended to private bank clients) that are directly or indirectly secured by hotels, retail stores, multifamily housing complexes and commercial and industrial properties. Commercial real estate loans also includes loans extended to clients who warehouse assets that are directly or indirectly backed by commercial real estate. In addition, commercial real estate includes loans purchased by the firm. • Residential Real Estate. Residential real estate loans primarily includes loans extended by the firm to clients (other than those extended to private bank clients) who warehouse assets that are directly or indirectly secured by residential real estate and loans purchased by the firm. • Installment. Installment loans are unsecured loans originated by the firm (including point-of-sale loans that the firm began to originate through the GreenSky platform in the third quarter of 2022). • Credit Cards. Credit card loans are loans made pursuant to revolving lines of credit issued to consumers by the firm. • Other. Other loans primarily includes loans extended to clients who warehouse assets that are directly or indirectly secured by consumer loans, including auto loans and private student loans, and other assets. Other loans also includes unsecured consumer and credit card loans purchased by the firm. Credit Quality Risk Assessment. The firm’s risk assessment process includes evaluating the credit quality of its loans by the firm’s independent risk oversight and control function. For corporate loans and a majority of wealth management, real estate and other loans, the firm performs credit analyses which incorporate initial and ongoing evaluations of the capacity and willingness of a borrower to meet its financial obligations. These credit evaluations are performed on an annual basis or more frequently if deemed necessary as a result of events or changes in circumstances. The firm determines an internal credit rating for the borrower by considering the results of the credit evaluations and assumptions with respect to the nature of and outlook for the borrower’s industry and the economic environment. The internal credit rating does not take into consideration collateral received or other credit support arrangements. The table below presents gross loans by an internally determined public rating agency equivalent or other credit metrics and the concentration of secured and unsecured loans. $ in millions Investment-Grade Non-Investment- Grade Other Metrics/Unrated Total As of September 2022 Accounting Method Amortized cost $ 62,336 $ 78,212 $ 25,917 $ 166,465 Fair value 1,784 3,606 2,860 8,250 Held for sale 1,036 5,703 61 6,800 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Loan Type Corporate $ 21,072 $ 42,033 $ 76 $ 63,181 Wealth management 36,376 6,090 7,635 50,101 Real estate: Commercial 2,586 23,246 250 26,082 Residential 935 12,406 1,001 14,342 Consumer: Installment — — 5,157 5,157 Credit cards — — 13,691 13,691 Other 4,187 3,746 1,028 8,961 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Secured 85 % 93 % 31 % 80 % Unsecured 15 % 7 % 69 % 20 % Total 100 % 100 % 100 % 100 % As of December 2021 Accounting Method Amortized cost $ 50,923 $ 75,179 $ 17,405 $ 143,507 Fair value 2,301 4,634 3,834 10,769 Held for sale 1,650 4,747 1,462 7,859 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Loan Type Corporate $ 15,370 $ 40,389 $ 168 $ 55,927 Wealth management 31,476 5,730 6,792 43,998 Real estate: Commercial 3,986 21,523 374 25,883 Residential 1,112 13,779 1,022 15,913 Consumer: Installment — — 3,672 3,672 Credit cards — — 8,212 8,212 Other 2,930 3,139 2,461 8,530 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Secured 85 % 92 % 36 % 82 % Unsecured 15 % 8 % 64 % 18 % Total 100 % 100 % 100 % 100 % In the table above: • Wealth management loans included in the other metrics/unrated category primarily consists of loans backed by residential real estate and securities, and real estate loans included in the other metrics/unrated category primarily consists of purchased loans. The firm’s risk assessment process for these loans includes reviewing certain key metrics, such as loan-to-value ratio, delinquency status, collateral values, expected cash flows, the Fair Isaac Corporation (FICO) credit score (which measures a borrower’s creditworthiness by considering factors such as payment and credit history) and other risk factors. • For installment and credit card loans included in the other metrics/unrated category, the evaluation of credit quality incorporates the borrower’s FICO credit score. FICO credit scores are periodically refreshed by the firm to assess the updated creditworthiness of the borrower. See “Vintage” below for information about installment and credit card loans by FICO credit scores. The firm also assigns a regulatory risk rating to its loans based on the definitions provided by the U.S. federal bank regulatory agencies. Total loans included 93% of loans as of September 2022 and 92% of loans as of December 2021 that were rated pass/non-criticized. Vintage. The tables below present gross loans accounted for at amortized cost (excluding installment and credit card loans) by an internally determined public rating agency equivalent or other credit metrics and origination year for term loans. As of September 2022 $ in millions Investment- Non-Investment- Other Metrics/ Total 2022 $ 4,364 $ 3,512 $ — $ 7,876 2021 3,847 7,031 — 10,878 2020 1,246 4,334 — 5,580 2019 325 3,333 — 3,658 2018 1,833 2,064 — 3,897 2017 or earlier 1,063 3,026 — 4,089 Revolving 7,259 14,193 1 21,453 Corporate 19,937 37,493 1 57,431 2022 1,886 766 907 3,559 2021 1,391 1,069 1,175 3,635 2020 522 377 — 899 2019 411 225 — 636 2018 356 36 — 392 2017 or earlier 686 468 — 1,154 Revolving 30,018 2,083 3,188 35,289 Wealth management 35,270 5,024 5,270 45,564 2022 39 3,053 157 3,249 2021 219 3,437 — 3,656 2020 85 1,420 — 1,505 2019 47 1,203 — 1,250 2018 184 488 — 672 2017 or earlier 655 674 6 1,335 Revolving 863 9,684 — 10,547 Commercial real estate 2,092 19,959 163 22,214 2022 97 734 218 1,049 2021 141 1,208 229 1,578 2020 — 11 91 102 2019 — — 101 101 2018 — 103 142 245 2017 or earlier 6 2 144 152 Revolving 669 10,188 — 10,857 Residential real estate 913 12,246 925 14,084 2022 — 84 114 198 2021 — 556 160 716 2020 — 30 320 350 2019 — 11 13 24 2018 — 13 10 23 2017 or earlier — 4 5 9 Revolving 4,124 2,792 88 7,004 Other 4,124 3,490 710 8,324 Total $ 62,336 $ 78,212 $ 7,069 $ 147,617 Percentage of total 42 % 53 % 5 % 100 % As of December 2021 $ in millions Investment- Non-Investment- Other Metrics/ Total 2021 $ 4,687 $ 10,424 $ 52 $ 15,163 2020 1,911 4,561 7 6,479 2019 451 3,949 — 4,400 2018 1,842 2,901 — 4,743 2017 733 1,857 — 2,590 2016 or earlier 274 1,693 — 1,967 Revolving 3,800 11,744 74 15,618 Corporate 13,698 37,129 133 50,960 2021 1,405 1,186 1,265 3,856 2020 558 287 — 845 2019 537 352 — 889 2018 334 38 — 372 2017 380 31 — 411 2016 or earlier 565 243 — 808 Revolving 26,349 2,127 2,405 30,881 Wealth management 30,128 4,264 3,670 38,062 2021 334 4,084 94 4,512 2020 127 1,890 — 2,017 2019 52 1,336 — 1,388 2018 207 829 — 1,036 2017 398 624 — 1,022 2016 or earlier 405 583 7 995 Revolving 1,768 8,412 — 10,180 Commercial real estate 3,291 17,758 101 21,150 2021 113 1,944 253 2,310 2020 260 557 103 920 2019 — — 173 173 2018 — 84 165 249 2017 8 65 119 192 2016 or earlier — 1 56 57 Revolving 673 10,919 — 11,592 Residential real estate 1,054 13,570 869 15,493 2021 — 694 261 955 2020 — 59 378 437 2019 — 25 19 44 2018 — 30 — 30 2017 — 5 8 13 Revolving 2,752 1,645 82 4,479 Other 2,752 2,458 748 5,958 Total $ 50,923 $ 75,179 $ 5,521 $ 131,623 Percentage of total 39 % 57 % 4 % 100 % In the tables above, revolving loans which converted to term loans were $1.25 billion as of September 2022 and were not material as of December 2021. The table below presents gross installment loans by refreshed FICO credit scores and origination year and gross credit card loans by refreshed FICO credit scores. $ in millions Greater than or Less than 660 Total As of September 2022 2022 $ 2,951 $ 118 $ 3,069 2021 1,271 102 1,373 2020 324 27 351 2019 210 29 239 2018 98 17 115 2017 or earlier 8 2 10 Installment 4,862 295 5,157 Credit cards 9,495 4,196 13,691 Total $ 14,357 $ 4,491 $ 18,848 Percentage of total: Installment 94 % 6 % 100 % Credit cards 69 % 31 % 100 % Total 76 % 24 % 100 % As of December 2021 2021 $ 2,017 $ 42 $ 2,059 2020 665 40 705 2019 508 61 569 2018 257 42 299 2017 32 7 39 2016 1 — 1 Installment 3,480 192 3,672 Credit cards 6,100 2,112 8,212 Total $ 9,580 $ 2,304 $ 11,884 Percentage of total: Installment 95 % 5 % 100 % Credit cards 74 % 26 % 100 % Total 81 % 19 % 100 % In the table above, credit card loans consist of revolving lines of credit. Credit Concentrations. The table below presents the concentration of gross loans by region. $ in millions Carrying Americas EMEA Asia Total As of September 2022 Corporate $ 63,181 64 % 29 % 7 % 100 % Wealth management 50,101 89 % 10 % 1 % 100 % Commercial real estate 26,082 79 % 16 % 5 % 100 % Residential real estate 14,342 95 % 3 % 2 % 100 % Consumer: Installment 5,157 100 % — — 100 % Credit cards 13,691 100 % — — 100 % Other 8,961 89 % 10 % 1 % 100 % Total $ 181,515 80 % 16 % 4 % 100 % As of December 2021 Corporate $ 55,927 54 % 38 % 8 % 100 % Wealth management 43,998 87 % 10 % 3 % 100 % Commercial real estate 25,883 80 % 15 % 5 % 100 % Residential real estate 15,913 95 % 2 % 3 % 100 % Consumer: Installment 3,672 100 % — — 100 % Credit cards 8,212 100 % — — 100 % Other 8,530 84 % 15 % 1 % 100 % Total $ 162,135 76 % 19 % 5 % 100 % In the table above: • EMEA represents Europe, Middle East and Africa. • The top five industry concentrations for corporate loans as of September 2022 were 23% for funds, 17% for technology, media & telecommunications, 12% for diversified industrials, 8% for financial institutions, and 8% for real estate. • The top five industry concentrations for corporate loans as of December 2021 were 21% for funds, 18% for technology, media & telecommunications, 13% for diversified industrials, 9% for natural resources & utilities, and 8% for financial institutions. Nonaccrual and Past Due Loans. Loans accounted for at amortized cost (other than credit card loans) are placed on nonaccrual status when it is probable that the firm will not collect all principal and interest due under the contractual terms, regardless of the delinquency status or if a loan is past due for 90 days or more, unless the loan is both well collateralized and in the process of collection. At that time, all accrued but uncollected interest is reversed against interest income and interest subsequently collected is recognized on a cash basis to the extent the loan balance is deemed collectible. Otherwise, all cash received is used to reduce the outstanding loan balance. A loan is considered past due when a principal or interest payment has not been made according to its contractual terms. Credit card loans are not placed on nonaccrual status and accrue interest until the loan is paid in full or is charged off. In certain circumstances, the firm may modify the original terms of a loan agreement by granting a concession to a borrower experiencing financial difficulty, typically in the form of a modification of loan covenants, but may also include forbearance of interest or principal, payment extensions or interest rate reductions. These modifications, to the extent significant, are considered TDRs. Loan modifications that extend payment terms for a period of less than 90 days are generally considered insignificant and therefore not reported as TDRs. The table below presents information about past due loans. $ in millions 30-89 days 90 days Total As of September 2022 Corporate $ 12 $ 129 $ 141 Wealth management 253 37 290 Commercial real estate 24 316 340 Residential real estate 2 7 9 Consumer: Installment 34 12 46 Credit cards 226 196 422 Other 20 8 28 Total $ 571 $ 705 $ 1,276 Total divided by gross loans at amortized cost 0.8 % As of December 2021 Corporate $ 5 $ 90 $ 95 Wealth management — 20 20 Commercial real estate 7 143 150 Residential real estate 3 4 7 Consumer: Installment 20 7 27 Credit cards 86 71 157 Other 15 3 18 Total $ 136 $ 338 $ 474 Total divided by gross loans at amortized cost 0.3 % The table below presents information about nonaccrual loans. As of September December $ in millions 2022 2021 Corporate $ 1,422 $ 1,559 Wealth management 213 21 Commercial real estate 574 841 Residential real estate 4 5 Installment 38 43 Total $ 2,251 $ 2,469 Total divided by gross loans at amortized cost 1.4 % 1.7 % In the table above: • Nonaccrual loans included $598 million as of September 2022 and $254 million as of December 2021 of loans that were 30 days or more past due. • Loans that were 90 days or more past due and still accruing were not material as of both September 2022 and December 2021. • Nonaccrual loans included $212 million as of September 2022 and $267 million as of December 2021 of corporate and commercial real estate loans that were modified in a TDR. The firm’s lending commitments related to these loans were not material as of both September 2022 and December 2021. Installment loans that were modified in a TDR were not material as of both September 2022 and December 2021. • Allowance for loan losses as a percentage of total nonaccrual loans was 215.3% as of September 2022 and 144.7% as of December 2021. Allowance for Credit Losses The firm’s allowance for credit losses consists of the allowance for losses on loans and lending commitments accounted for at amortized cost. Loans and lending commitments accounted for at fair value or accounted for at the lower of cost or fair value are not subject to an allowance for credit losses. To determine the allowance for credit losses, the firm classifies its loans and lending commitments accounted for at amortized cost into wholesale and consumer portfolios. These portfolios represent the level at which the firm has developed and documented its methodology to determine the allowance for credit losses. The allowance for credit losses is measured on a collective basis for loans that exhibit similar risk characteristics using a modeled approach and on an asset-specific basis for loans that do not share similar risk characteristics. The allowance for credit losses takes into account the weighted average of a range of forecasts of future economic conditions over the expected life of the loan and lending commitments. The expected life of each loan or lending commitment is determined based on the contractual term adjusted for extension options or demand features, or is modeled in the case of revolving credit card loans. The forecasts include baseline, favorable and adverse economic scenarios over a three-year period. For loans with expected lives beyond three years, the model reverts to historical loss information based on a non-linear modeled approach. The forecasted economic scenarios consider a number of risk factors relevant to the wholesale and consumer portfolios described below. The firm applies judgment in weighing individual scenarios each quarter based on a variety of factors, including the firm’s internally derived economic outlook, market consensus, recent macroeconomic conditions and industry trends. The allowance for credit losses also includes qualitative components which allow management to reflect the uncertain nature of economic forecasting, capture uncertainty regarding model inputs, and account for model imprecision and concentration risk. Management’s estimate of credit losses entails judgment about the expected life of the loan and loan collectability at the reporting dates, and there are uncertainties inherent in those judgments. The allowance for credit losses is subject to a governance process that involves review and approval by senior management within the firm’s independent risk oversight and control functions. Personnel within the firm’s independent risk oversight and control functions are responsible for forecasting the economic variables that underlie the economic scenarios that are used in the modeling of expected credit losses. While management uses the best information available to determine this estimate, future adjustments to the allowance may be necessary based on, among other things, changes in the economic environment or variances between actual results and the original assumptions used. The table below presents gross loans and lending commitments accounted for at amortized cost by portfolio. As of September 2022 December 2021 $ in millions Loans Lending Commitments Loans Lending Wholesale Corporate $ 57,431 $139,946 $ 50,960 $143,296 Wealth management 45,564 4,638 38,062 4,091 Commercial real estate 22,214 2,715 21,150 4,306 Residential real estate 14,084 2,793 15,493 3,317 Other 8,324 4,940 5,958 6,169 Consumer Installment 5,157 957 3,672 9 Credit cards 13,691 60,655 8,212 35,932 Total $ 166,465 $216,644 $ 143,507 $197,120 In the table above: • Wholesale loans included $2.21 billion as of September 2022 and $2.43 billion as of December 2021 of nonaccrual loans for which the allowance for credit losses was measured on an asset-specific basis. The allowance for credit losses on these loans was $449 million as of September 2022 and $543 million as of December 2021. These loans included $313 million as of September 2022 and $140 million as of December 2021 of loans which did not require a reserve as the loan was deemed to be recoverable. • Credit card lending commitments included $60.66 billion as of September 2022 and $33.97 billion as of December 2021 related to credit card lines issued by the firm to consumers. These credit card lines are cancellable by the firm. The increase in credit card lending commitments from December 2021 to September 2022 reflected approximately $15.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. In addition, credit card lending commitments as of December 2021 included a commitment of approximately $2.0 billion to acquire the outstanding credit card loans related to the General Motors co-branded credit card portfolio. See Note 18 for further information about lending commitments. • The increase in installment lending commitments from December 2021 to September 2022 primarily relates to commitments extended in connection with point-of-sale financing. See Note 18 for further information about lending commitments. The following is a description of the methodology used to calculate the allowance for credit losses: Wholesale. The allowance for credit losses for wholesale loans and lending commitments that exhibit similar risk characteristics is measured using a modeled approach. These models determine the probability of default and loss given default based on various risk factors, including internal credit ratings, industry default and loss data, expected life, macroeconomic indicators, the borrower’s capacity to meet its financial obligations, the borrower’s country of risk and industry, loan seniority and collateral type. For lending commitments, the methodology also considers probability of drawdowns or funding. In addition, for loans backed by real estate, risk factors include the loan-to-value ratio, debt service ratio and home price index. The most significant inputs to the forecast model for wholesale loans and lending commitments include unemployment rates, GDP, credit spreads, commercial and industrial delinquency rates, short- and long-term interest rates, and oil prices. The allowance for loan losses for wholesale loans that do not share similar risk characteristics, such as nonaccrual loans or loans in a TDR, is calculated using the present value of expected future cash flows discounted at the loan’s original effective rate, the observable market price of the loan or the fair value of the collateral. Wholesale loans are charged off against the allowance for loan losses when deemed to be uncollectible. Consumer. The allowance for credit losses for consumer loans that exhibit similar risk characteristics is calculated using a modeled approach which classifies consumer loans into pools based on borrower-related and exposure-related characteristics that differentiate a pool’s risk characteristics from other pools. The factors considered in determining a pool are generally consistent with the risk characteristics used for internal credit risk measurement and management and include key metrics, such as FICO credit scores, delinquency status, loan vintage and macroeconomic indicators. The most significant inputs to the forecast model for consumer loans include unemployment rates and delinquency rates. The expected life of revolving credit card loans is determined by modeling expected future draws and the timing and amount of repayments allocated to the funded balance. The firm also recognizes an allowance for credit losses on commitments to acquire loans. However, no allowance for credit losses is recognized on credit card lending commitments as they are cancellable by the firm. The allowance for credit losses for consumer loans that do not share similar risk characteristics, such as loans in a TDR, is calculated using the present value of expected future cash flows discounted at the loan’s original effective rate. Installment loans are charged off when they are 120 days past due. Credit card loans are charged off when they are 180 days past due. Allowance for Credit Losses Rollforward The table below presents information about the allowance for credit losses. $ in millions Wholesale Consumer Total Three Months Ended September 2022 Allowance for loan losses Beginning balance $ 2,458 $ 2,104 $ 4,562 Net (charge-offs)/recoveries (43) (129) (172) Provision 78 403 481 Other (25) — (25) Ending balance $ 2,468 $ 2,378 $ 4,846 Allowance ratio 1.7 % 12.6 % 2.9 % Net charge-off ratio 0.1 % 2.9 % 0.4 % Allowance for losses on lending commitments Beginning balance $ 702 $ 3 $ 705 Provision (10) 44 34 Ending balance $ 692 $ 47 $ 739 Three Months Ended September 2021 Allowance for loan losses Beginning balance $ 2,173 $ 1,098 $ 3,271 Net (charge-offs)/recoveries (40) (36) (76) Provision 25 139 164 Other (27) — (27) Ending balance $ 2,131 $ 1,201 $ 3,332 Allowance ratio 1.8 % 12.4 % 2.6 % Net charge-off ratio 0.1 % 1.6 % 0.2 % Allowance for losses on lending commitments Beginning balance $ 636 $ 186 $ 822 Provision 13 (2) 11 Ending balance $ 649 $ 184 $ 833 Nine Months Ended September 2022 Allowance for loan losses Beginning balance $ 2,135 $ 1,438 $ 3,573 Net (charge-offs)/recoveries (189) (286) (475) Provision 551 1,226 1,777 Other (29) — (29) Ending balance $ 2,468 $ 2,378 $ 4,846 Allowance ratio 1.7 % 12.6 % 2.9 % Net charge-off ratio 0.2 % 2.5 % 0.4 % Allowance for losses on lending commitments Beginning balance $ 589 $ 187 $ 776 Provision 106 (140) (34) Other (3) — (3) Ending balance $ 692 $ 47 $ 739 Nine Months Ended September 2021 Allowance for loan losses Beginning balance $ 2,584 $ 1,290 $ 3,874 Net (charge-offs)/recoveries (49) (153) (202) Provision (345) 64 (281) Other (59) — (59) Ending balance $ 2,131 $ 1,201 $ 3,332 Allowance ratio 1.8 % 12.4 % 2.6 % Net charge-off ratio 0.1 % 2.4 % 0.2 % Allowance for losses on lending commitments Beginning balance $ 557 $ — $ 557 Provision 110 184 294 Other (18) — (18) Ending balance $ 649 $ 184 $ 833 In the table above: • For the nine months ended September 2021, other primarily represented the reduction to the allowance related to loans and lending commitments transferred to held for sale. • The allowance ratio is calculated by dividing the allowance for loan losses by gross loans accounted for at amortized cost. • The net charge-off ratio is calculated by dividing annualized net (charge-offs)/recoveries by average gross loans accounted for at amortized cost. Forecast Model Inputs as of September 2022 When modeling expected credit losses, the firm employs a weighted, multi-scenario forecast, which includes baseline, adverse and favorable economic scenarios. As of September 2022, this multi-scenario forecast was weighted towards the baseline and adverse economic scenarios, consistent with the second quarter of 2022. The table below presents the forecasted U.S. unemployment and U.S. GDP growth rates used in the baseline economic scenario of the forecast model. As of September 2022 U.S. unemployment rate Forecast for the quarter ended: December 2022 3.8 % June 2023 4.0 % December 2023 4.1 % Growth in U.S. GDP Forecast for the year: 2022 1.5 % 2023 0.8 % 2024 1.5 % The adverse economic scenario of the forecast model reflects a global recession in the fourth quarter of 2022 through the second half of 2023 resulting in an economic contraction, decline in consumer spending and rising unemployment rates. In this scenario, the U.S. unemployment rate peaks at approximately 7.4% during the fourth quarter of 2023 and the maximum decline in the quarterly U.S. GDP relative to the third quarter of 2022 is approximately 2.1%, which occurs during the third quarter of 2023. In the table above: • U.S. unemployment rate represents the rate forecasted as of the respective quarter-end. • Growth in U.S. GDP represents the year-over-year growth rate forecasted for the respective years. • While the U.S. unemployment and U.S. GDP growth rates are significant inputs to the forecast model, the model contemplates a variety of other inputs across a range of scenarios to provide a forecast of future economic conditions. Given the complex nature of the forecasting process, no single economic variable can be viewed in isolation and independently of other inputs. Allowance for Credit Losses Commentary Three Months Ended September 2022. The allowance for credit losses increased by $318 million during the three months ended September 2022, reflecting growth in the firm's consumer lending portfolio (principally in credit cards) and higher modeled expected losses due to broad macroeconomic concerns. Net (charge-offs)/recoveries for the three months ended September 2022 for wholesale loans were primarily related to corporate loans and net (charge-offs)/recoveries for consumer loans were primarily related to credit cards. Nine Months Ended September 2022. The allowance for credit losses increased by $1.24 billion during the nine months ended September 2022, reflecting growth in the firm's consumer lending portfolio (principally in credit cards) and higher modeled expected losses due to broad macroeconomic and geopolitical concerns. Net (charge-offs)/recoveries for the nine months ended September 2022 for wholesale loans were primarily related to corporate loans and net (charge-offs)/recoveries for consumer loans were primarily related to credit cards. Three Months Ended September 2021. The allowance for credit losses increased by $72 million during the three months ended September 2021, reflecting growth in the firm’s lending portfolios, primarily in consumer loans related to credit cards, partially offset by reserve reduction driven by improved broader economic conditions. Net (charge-offs)/recoveries for the three months ended September 2021 for wholesale loans were primarily related to corporate loans and net (charge-offs)/recoveries for consumer loans were primarily related to credit cards. Nine Months Ended September 2021. The allowance for credit losses decreased by $266 million during the nine months ended September 2021, reflecting reserve reduction driven by improved broader economic conditions, partially offset by growth in the firm’s wholesale and consumer lending portfolios, including a provision for credit losses of approximately $185 million related to the acquisition of the General Motors co-branded credit card portfolio. Net (charge-offs)/recoveries for the nine months ended September 2021 for wholesale loans were primarily related to corporate loans and net (charge-offs)/recoveries for consumer loans were primarily related to credit cards. Fair Value of Loans by Level The table below presents loans held for investment accounted for at fair value under the fair value option by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Loan Type Corporate $ — $ 1,101 $ 743 $ 1,844 Wealth management — 4,474 63 4,537 Commercial real estate — 432 845 1,277 Residential real estate — 162 95 257 Other — 23 312 335 Total $ — $ 6,192 $ 2,058 $ 8,250 As of December 2021 Loan Type Corporate $ — $ 1,655 $ 837 $ 2,492 Wealth management — 5,873 63 5,936 Commercial real estate — 605 983 1,588 Residential real estate — 115 205 320 Other — 167 266 433 Total $ — $ 8,415 $ 2,354 $ 10,769 The gains/(losses) as a result of changes in the fair value of loans held for investment for which the fair value option was elected were $(168) million for the three months ended September 2022, $30 million for the three months ended September 2021, $(363) million for the nine months ended September 2022 and $223 million for the nine months ended September 2021. These gains/(losses) were included in other principal transactions. Significant Unobservable Inputs The table below presents the amount of level 3 loans, and ranges and weighted averages of significant unobservable inputs used to value such loans. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Amount or Range Weighted Corporate Level 3 assets $ 743 $ 837 Yield 2.0% to 25.0% 10.7 % 1.5% to 55.6% 14.9 % Recovery rate 15.0% to 95.0% 43.6 % 15.0% to 92.0% 40.8 % Duration (years) 0.3 to 3.5 2.6 0.9 to 6.8 2.7 Commercial real estate Level 3 assets $ 845 $ 983 Yield 1.4% to 27.0% 14.1 % 3.2% to 18.7% 12.6 % Recovery rate 3.6% to 23.5% 16.8 % 4.1% to 99.5% 41.4 % Duration (years) 0.3 to 4.8 2.1 0.4 to 4.0 1.7 Residential real estate Level 3 assets $ 95 $ 205 Yield 3.8% to 17.0% 13.8 % 2.1% to 20.0% 16.1 % Duration (years) 0.3 to 7.3 2.4 0.1 to 2.4 1.0 Wealth

Fair Value Option

Fair Value Option	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option Other Financial Assets and Liabilities at Fair Value In addition to trading assets and liabilities, and certain investments and loans, the firm accounts for certain of its other financial assets and liabilities at fair value, substantially all under the fair value option. The primary reasons for electing the fair value option are to: • Reflect economic events in earnings on a timely basis; • Mitigate volatility in earnings from using different measurement attributes (e.g., transfers of financial assets accounted for as financings are recorded at fair value, whereas the related secured financing would be recorded on an accrual basis absent electing the fair value option); and • Address simplification and cost-benefit considerations (e.g., accounting for hybrid financial instruments at fair value in their entirety versus bifurcation of embedded derivatives and hedge accounting for debt hosts). Hybrid financial instruments are instruments that contain bifurcatable embedded derivatives and do not require settlement by physical delivery of nonfinancial assets (e.g., physical commodities). If the firm elects to bifurcate the embedded derivative from the associated debt, the derivative is accounted for at fair value and the host contract is accounted for at amortized cost, adjusted for the effective portion of any fair value hedges. If the firm does not elect to bifurcate, the entire hybrid financial instrument is accounted for at fair value under the fair value option. Other financial assets and liabilities accounted for at fair value under the fair value option include: • Resale and repurchase agreements; • Certain securities borrowed and loaned transactions; • Certain customer and other receivables and certain other liabilities; • Certain time deposits (deposits with no stated maturity are not eligible for a fair value option election), including structured certificates of deposit, which are hybrid financial instruments; • Substantially all other secured financings, including transfers of assets accounted for as financings; and • Certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments. Fair Value of Other Financial Assets and Liabilities by Level The table below presents, by level within the fair value hierarchy, other financial assets and liabilities at fair value, substantially all of which are accounted for at fair value under the fair value option. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Resale agreements $ — $ 182,502 $ — $ 182,502 Securities borrowed — 42,506 — 42,506 Customer and other receivables — 25 — 25 Total $ — $ 225,033 $ — $ 225,033 Liabilities Deposits $ — $ (20,858) $ (2,729) $ (23,587) Repurchase agreements — (159,690) — (159,690) Securities loaned — (7,444) — (7,444) Other secured financings — (12,370) (1,870) (14,240) Unsecured borrowings: Short-term — (27,958) (4,512) (32,470) Long-term — (55,685) (9,673) (65,358) Other liabilities — (381) (81) (462) Total $ — $ (284,386) $ (18,865) $ (303,251) As of December 2021 Assets Resale agreements $ — $ 205,703 $ — $ 205,703 Securities borrowed — 39,955 — 39,955 Customer and other receivables — 42 — 42 Total $ — $ 245,700 $ — $ 245,700 Liabilities Deposits $ — $ (31,812) $ (3,613) $ (35,425) Repurchase agreements — (165,883) — (165,883) Securities loaned — (9,170) — (9,170) Other secured financings — (14,508) (2,566) (17,074) Unsecured borrowings: Short-term — (22,003) (7,829) (29,832) Long-term — (42,977) (9,413) (52,390) Other liabilities — (213) (146) (359) Total $ — $ (286,566) $ (23,567) $ (310,133) In the table above, other financial assets are shown as positive amounts and other financial liabilities are shown as negative amounts. See Note 4 for an overview of the firm’s fair value measurement policies and the valuation techniques and significant inputs used to determine the fair value of other financial assets and liabilities. Significant Unobservable Inputs See below for information about the significant unobservable inputs used to value level 3 other financial liabilities at fair value as of both September 2022 and December 2021. Other Secured Financings. The ranges and weighted averages of significant unobservable inputs used to value level 3 other secured financings are presented below. These ranges and weighted averages exclude unobservable inputs that are only relevant to a single instrument, and therefore are not meaningful. As of September 2022: • Yield: 3.5% to 8.3% (weighted average: 4.7%) • Duration: 0.9 to 4.3 years (weighted average: 2.5 years) As of December 2021: • Yield: 1.3% to 6.4% (weighted average: 2.1%) • Duration: 0.6 to 7.1 years (weighted average: 3.7 years) Generally, increases in yield or duration, in isolation, would have resulted in a lower fair value measurement as of period-end. Due to the distinctive nature of each of level 3 other secured financings, the interrelationship of inputs is not necessarily uniform across such financings. See Note 11 for further information about other secured financings. Deposits, Unsecured Borrowings and Other Liabilities. Substantially all of the firm’s deposits, unsecured short- and long-term borrowings, and other liabilities that are classified in level 3 are hybrid financial instruments. As the significant unobservable inputs used to value hybrid financial instruments primarily relate to the embedded derivative component of these deposits, unsecured borrowings and other liabilities, these unobservable inputs are incorporated in the firm’s derivative disclosures in Note 7. See Note 13 for further information about deposits, Note 14 for further information about unsecured borrowings and Note 15 for further information about other liabilities. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 other financial liabilities accounted for at fair value. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ (19,114) $ (28,136) $ (23,567) $ (28,058) Net realized gains/(losses) (90) (181) (222) (388) Net unrealized gains/(losses) 1,538 819 5,977 822 Issuances (3,296) (4,856) (9,486) (11,797) Settlements 2,691 6,742 8,548 13,325 Transfers into level 3 (1,494) (570) (2,562) (745) Transfers out of level 3 900 1,845 2,447 2,504 Ending balance $ (18,865) $ (24,337) $ (18,865) $ (24,337) In the table above: • Changes in fair value are presented for all other financial liabilities that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to other financial liabilities that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a financial liability was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 other financial liabilities, increases are shown as negative amounts, while decreases are shown as positive amounts. • Level 3 other financial liabilities are frequently economically hedged with trading assets and liabilities. Accordingly, gains or losses that are classified in level 3 can be partially offset by gains or losses attributable to level 1, 2 or 3 trading assets and liabilities. As a result, gains or losses included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by the consolidated balance sheet line items, for liabilities included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Deposits Beginning balance $ (2,789) $ (3,908) $ (3,613) $ (4,221) Net realized gains/(losses) — (8) (7) (23) Net unrealized gains/(losses) 135 74 466 (28) Issuances (261) (144) (735) (341) Settlements 259 307 1,041 904 Transfers into level 3 (89) — (20) (23) Transfers out of level 3 16 42 139 95 Ending balance $ (2,729) $ (3,637) $ (2,729) $ (3,637) Repurchase agreements Beginning balance $ — $ — $ — $ (2) Settlements — — — 2 Ending balance $ — $ — $ — $ — Other secured financings Beginning balance $ (1,412) $ (2,891) $ (2,566) $ (3,474) Net realized gains/(losses) (13) 3 (18) (1) Net unrealized gains/(losses) 86 30 177 71 Issuances (406) (43) (545) (101) Settlements 22 414 527 657 Transfers into level 3 (147) (233) (110) (243) Transfers out of level 3 — 80 665 451 Ending balance $ (1,870) $ (2,640) $ (1,870) $ (2,640) Unsecured short-term borrowings Beginning balance $ (5,209) $ (11,461) $ (7,829) $ (7,523) Net realized gains/(losses) (54) (112) (126) (168) Net unrealized gains/(losses) 286 429 1,241 334 Issuances (1,165) (3,453) (3,582) (8,042) Settlements 1,747 4,846 5,443 6,399 Transfers into level 3 (528) (200) (470) (183) Transfers out of level 3 411 1,282 811 514 Ending balance $ (4,512) $ (8,669) $ (4,512) $ (8,669) Unsecured long-term borrowings Beginning balance $ (9,626) $ (9,714) $ (9,413) $ (12,576) Net realized gains/(losses) (23) (64) (71) (196) Net unrealized gains/(losses) 1,034 289 4,028 348 Issuances (1,464) (1,216) (4,624) (3,313) Settlements 663 1,175 1,537 5,363 Transfers into level 3 (730) (137) (1,962) (296) Transfers out of level 3 473 441 832 1,444 Ending balance $ (9,673) $ (9,226) $ (9,673) $ (9,226) Other liabilities Beginning balance $ (78) $ (162) $ (146) $ (262) Net unrealized gains/(losses) (3) (3) 65 97 Ending balance $ (81) $ (165) $ (81) $ (165) Level 3 Rollforward Commentary Three Months Ended September 2022. The net realized and unrealized gains on level 3 other financial liabilities of $1.45 billion (reflecting $90 million of net realized losses and $1.54 billion of net unrealized gains) for the three months ended September 2022 included gains/(losses) of $1.13 billion reported in market making, $69 million reported in other principal transactions and $(7) million reported in interest expense in the consolidated statements of earnings, and $262 million reported in debt valuation adjustment in the consolidated statements of comprehensive income. The net unrealized gains on level 3 other financial liabilities for the three months ended September 2022 primarily reflected gains on certain hybrid financial instruments included in unsecured long- and short-term borrowings (principally due to a decrease in global equity prices and an increase in interest rates). Transfers into level 3 other financial liabilities during the three months ended September 2022 primarily reflected transfers of certain hybrid financial instruments included in unsecured long- and short-term borrowings from level 2 (principally due to reduced price transparency of certain volatility and correlation inputs used to value these instruments) and transfers of certain other secured financings from level 2 (principally due to reduced price transparency of certain yield and duration inputs used to value these instruments). Transfers out of level 3 other financial liabilities during the three months ended September 2022 primarily reflected transfers of certain hybrid financial instruments included in unsecured long- and short-term borrowings to level 2 (principally due to increased price transparency of certain volatility and correlation inputs used to value these instruments). Nine Months Ended September 2022. The net realized and unrealized gains on level 3 other financial liabilities of $5.76 billion (reflecting $222 million of net realized losses and $5.98 billion of net unrealized gains) for the nine months ended September 2022 included gains/(losses) of $4.69 billion reported in market making, $155 million reported in other principal transactions and $(14) million reported in interest expense in the consolidated statements of earnings, and $924 million reported in debt valuation adjustment in the consolidated statements of comprehensive income. The net unrealized gains on level 3 other financial liabilities for the nine months ended September 2022 primarily reflected gains on certain hybrid financial instruments included in unsecured long- and short-term borrowings and deposits (in each case, principally due to a decrease in global equity prices and an increase in interest rates). Transfers into level 3 other financial liabilities during the nine months ended September 2022 primarily reflected transfers of certain hybrid financial instruments included in unsecured long- and short-term borrowings from level 2 (principally due to reduced price transparency of certain volatility and correlation inputs used to value these instruments). Transfers out of level 3 other financial liabilities during the nine months ended September 2022 primarily reflected transfers of certain hybrid financial instruments included in unsecured short- and long-term borrowings to level 2 (principally due to increased price transparency of certain volatility and correlation inputs used to value these instruments) and transfers of certain other secured financings to level 2 (principally due to certain unobservable yield inputs no longer being significant to the valuation of these instruments). Three Months Ended September 2021. The net realized and unrealized gains on level 3 other financial liabilities of $638 million (reflecting $181 million of net realized losses and $819 million of net unrealized gains) for the three months ended September 2021 included gains/(losses) of $599 million reported in market making, $19 million reported in other principal transactions and $(5) million reported in interest expense in the consolidated statements of earnings, and $25 million reported in debt valuation adjustment in the consolidated statements of comprehensive income. The net unrealized gains on level 3 other financial liabilities for the three months ended September 2021 primarily reflected gains on certain hybrid financial instruments included in unsecured short- and long-term borrowings (principally due to higher levels of volatility and decreases in the market value of certain underlying equities). Transfers into level 3 other financial liabilities during the three months ended September 2021 primarily reflected transfers of certain other secured financings from level 2 (principally due to reduced price transparency of certain yield and duration inputs used to value these instruments) and certain hybrid financial instruments included in unsecured short- and long-term borrowings from level 2 (principally due to reduced price transparency of certain volatility and correlation inputs used to value these instruments). Transfers out of level 3 other financial liabilities during the three months ended September 2021 primarily reflected transfers of certain hybrid financial instruments included in unsecured short- and long-term borrowings to level 2 (principally due to increased price transparency of certain volatility and correlation inputs used to value these instruments). Nine Months Ended September 2021. The net realized and unrealized gains on level 3 other financial liabilities of $434 million (reflecting $388 million of net realized losses and $822 million of net unrealized gains) for the nine months ended September 2021 included gains/(losses) of $366 million reported in market making, $49 million reported in other principal transactions and $(14) million reported in interest expense in the consolidated statements of earnings, and $33 million reported in debt valuation adjustment in the consolidated statements of comprehensive income. The net unrealized gains on level 3 other financial liabilities for the nine months ended September 2021 primarily reflected gains on certain hybrid financial instruments included in unsecured long- and short-term borrowings (principally due to higher levels of volatility in certain underlying equities and an increase in interest rates, partially offset by an increase in global equity prices). Transfers into level 3 other financial liabilities during the nine months ended September 2021 primarily reflected transfers of certain hybrid financial instruments included in unsecured long- and short-term borrowings from level 2 (principally due to reduced price transparency of certain volatility and correlation inputs used to value these instruments) and certain other secured financings from level 2 (principally due to reduced price transparency of certain yield and duration inputs used to value these instruments). Transfers out of level 3 other financial liabilities during the nine months ended September 2021 primarily reflected transfers of certain hybrid financial instruments included in unsecured long- and short-term borrowings to level 2 (principally due to increased price transparency of certain volatility and correlation inputs used to value these instruments, and certain unobservable volatility inputs no longer being significant to the valuation of these instruments) and certain other secured financings to level 2 (principally due to increased price transparency of certain yield and duration inputs used to value these instruments). Gains and Losses on Other Financial Assets and Liabilities Accounted for at Fair Value Under the Fair Value Option The table below presents the gains and losses recognized in earnings as a result of the election to apply the fair value option to certain financial assets and liabilities. Three Months Nine Months $ in millions 2022 2021 2022 2021 Unsecured short-term borrowings $ 1,114 $ 875 $ 5,379 $ (935) Unsecured long-term borrowings 2,445 (128) 8,316 (1,830) Other 434 54 1,255 (17) Total $ 3,993 $ 801 $ 14,950 $ (2,782) In the table above: • Gains/(losses) were substantially all included in market making. • Gains/(losses) exclude contractual interest, which is included in interest income and interest expense, for all instruments other than hybrid financial instruments. See Note 23 for further information about interest income and interest expense. • Gains/(losses) included in unsecured short- and long-term borrowings were substantially all related to the embedded derivative component of hybrid financial instruments for each of the three and nine months ended September 2022 and September 2021. These gains and losses would have been recognized under other U.S. GAAP even if the firm had not elected to account for the entire hybrid financial instrument at fair value. • Other primarily consists of gains/(losses) on deposits, other secured financings and other liabilities. • Other financial assets and liabilities at fair value are frequently economically hedged with trading assets and liabilities. Accordingly, gains or losses on such other financial assets and liabilities can be partially offset by gains or losses on trading assets and liabilities. As a result, gains or losses on other financial assets and liabilities do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. See Note 8 for information about gains/(losses) on equity securities and Note 9 for information about gains/(losses) on loans which are accounted for at fair value under the fair value option. Gains/(losses) on trading assets and liabilities accounted for at fair value under the fair value option are included in market making. See Note 5 for further information about gains/(losses) from market making. Long-Term Debt Instruments The aggregate contractual principal amount of long-term other secured financings, for which the fair value option was elected, exceeded the related fair value by $201 million as of September 2022. The related amount was not material as of December 2021. The aggregate contractual principal amount of unsecured long-term borrowings, for which the fair value option was elected, exceeded the related fair value by $6.26 billion as of September 2022. The related amount was not material as of December 2021. These debt instruments include both principal-protected and non-principal-protected long-term borrowings. Debt Valuation Adjustment The firm calculates the fair value of financial liabilities for which the fair value option is elected by discounting future cash flows at a rate which incorporates the firm’s credit spreads. The table below presents information about the net debt valuation adjustment (DVA) gains/(losses) on financial liabilities for which the fair value option was elected. Three Months Nine Months $ in millions 2022 2021 2022 2021 Pre-tax DVA $ 907 $ 92 $ 3,488 $ 222 After tax DVA $ 673 $ 67 $ 2,601 $ 165 In the table above: • After tax DVA is included in debt valuation adjustment in the consolidated statements of comprehensive income. • The gains/(losses) reclassified to market making in the consolidated statements of earnings from accumulated other comprehensive income/(loss) upon extinguishment of such financial liabilities were not material for each of the three and nine months ended September 2022 and September 2021. Loans and Lending Commitments The table below presents the difference between the aggregate fair value and the aggregate contractual principal amount for loans (included in trading assets and loans in the consolidated balance sheets) for which the fair value option was elected. As of September December $ in millions 2022 2021 Performing loans Aggregate contractual principal in excess of fair value $ 3,208 $ 1,373 Loans on nonaccrual status and/or more than 90 days past due Aggregate contractual principal in excess of fair value $ 6,319 $ 8,600 Aggregate fair value $ 2,555 $ 3,559 In the table above, the aggregate contractual principal amount of loans on nonaccrual status and/or more than 90 days past due (which excludes loans carried at zero fair value and considered uncollectible) exceeds the related fair value primarily because the firm regularly purchases loans, such as distressed loans, at values significantly below the contractual principal amounts. The fair value of unfunded lending commitments for which the fair value option was elected was a liability of $17 million as of September 2022 and $20 million as of December 2021, and the related total contractual amount of these lending commitments was $574 million as of September 2022 and $611 million as of December 2021. See Note 18 for further information about lending commitments. Impact of Credit Spreads on Loans and Lending Commitments

Collateralized Agreements and F

Collateralized Agreements and Financings	9 Months Ended
	Sep. 30, 2022
Collateralized Agreements And Financings [Abstract]
Collateralized Agreements and Financings	Collateralized Agreements and Financings Collateralized agreements are resale agreements and securities borrowed. Collateralized financings are repurchase agreements, securities loaned and other secured financings. The firm enters into these transactions in order to, among other things, facilitate client activities, invest excess cash, acquire securities to cover short positions and finance certain firm activities. Collateralized agreements and financings are presented on a net-by-counterparty basis when a legal right of setoff exists. Interest on collateralized agreements, which is included in interest income, and collateralized financings, which is included in interest expense, is recognized over the life of the transaction. See Note 23 for further information about interest income and interest expense. Resale and Repurchase Agreements A resale agreement is a transaction in which the firm purchases financial instruments from a seller, typically in exchange for cash, and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date. A repurchase agreement is a transaction in which the firm sells financial instruments to a buyer, typically in exchange for cash, and simultaneously enters into an agreement to repurchase the same or substantially the same financial instruments from the buyer at a stated price plus accrued interest at a future date. Even though repurchase and resale agreements (including “repos- and reverses-to-maturity”) involve the legal transfer of ownership of financial instruments, they are accounted for as financing arrangements because they require the financial instruments to be repurchased or resold before or at the maturity of the agreement. The financial instruments purchased or sold in resale and repurchase agreements typically include U.S. government and agency, and investment-grade sovereign obligations. The firm receives financial instruments purchased under resale agreements and makes delivery of financial instruments sold under repurchase agreements. To mitigate credit exposure, the firm monitors the market value of these financial instruments on a daily basis, and delivers or obtains additional collateral due to changes in the market value of the financial instruments, as appropriate. For resale agreements, the firm typically requires collateral with a fair value approximately equal to the carrying value of the relevant assets in the consolidated balance sheets. Securities Borrowed and Loaned Transactions In a securities borrowed transaction, the firm borrows securities from a counterparty in exchange for cash or securities. When the firm returns the securities, the counterparty returns the cash or securities. Interest is generally paid periodically over the life of the transaction. In a securities loaned transaction, the firm lends securities to a counterparty in exchange for cash or securities. When the counterparty returns the securities, the firm returns the cash or securities posted as collateral. Interest is generally paid periodically over the life of the transaction. The firm receives securities borrowed and makes delivery of securities loaned. To mitigate credit exposure, the firm monitors the market value of these securities on a daily basis, and delivers or obtains additional collateral due to changes in the market value of the securities, as appropriate. For securities borrowed transactions, the firm typically requires collateral with a fair value approximately equal to the carrying value of the securities borrowed transaction. Securities borrowed and loaned within Fixed Income, Currency and Commodities (FICC) financing are recorded at fair value under the fair value option. See Note 10 for further information about securities borrowed and loaned accounted for at fair value. Substantially all of the securities borrowed and loaned within Equities financing are recorded based on the amount of cash collateral advanced or received plus accrued interest. The firm also reviews such securities borrowed to determine if an allowance for credit losses should be recorded by taking into consideration the fair value of collateral received. As these agreements generally can be terminated on demand, they exhibit little, if any, sensitivity to changes in interest rates. Therefore, the carrying value of such agreements approximates fair value. As these agreements are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these agreements been included in the firm’s fair value hierarchy, they would have been classified in level 2 as of both September 2022 and December 2021. Offsetting Arrangements The table below presents resale and repurchase agreements and securities borrowed and loaned transactions included in the consolidated balance sheets, as well as the amounts not offset in the consolidated balance sheets. Assets Liabilities $ in millions Resale agreements Securities borrowed Repurchase agreements Securities loaned As of September 2022 Included in the consolidated balance sheets Gross carrying value $ 274,034 $ 198,548 $ 251,222 $ 45,402 Counterparty netting (91,532) (1,580) (91,532) (1,580) Total 182,502 196,968 159,690 43,822 Amounts not offset Counterparty netting (23,623) (7,827) (23,623) (7,827) Collateral (152,988) (177,823) (133,537) (34,824) Total $ 5,891 $ 11,318 $ 2,530 $ 1,171 As of December 2021 Included in the consolidated balance sheets Gross carrying value $ 334,725 $ 190,197 $ 294,905 $ 57,931 Counterparty netting (129,022) (11,426) (129,022) (11,426) Total 205,703 178,771 165,883 46,505 Amounts not offset Counterparty netting (27,376) (12,822) (27,376) (12,822) Collateral (173,915) (157,752) (134,465) (33,143) Total $ 4,412 $ 8,197 $ 4,042 $ 540 In the table above: • Substantially all of the gross carrying values of these arrangements are subject to enforceable netting agreements. • Where the firm has received or posted collateral under credit support agreements, but has not yet determined such agreements are enforceable, the related collateral has not been netted. • Amounts not offset includes counterparty netting that does not meet the criteria for netting under U.S. GAAP and the fair value of collateral received or posted subject to enforceable credit support agreements. • Resale agreements and repurchase agreements are carried at fair value under the fair value option. See Note 4 for further information about the valuation techniques and significant inputs used to determine fair value. • Securities borrowed included in the consolidated balance sheets of $42.51 billion as of September 2022 and $39.96 billion as of December 2021, and securities loaned of $7.44 billion as of September 2022 and $9.17 billion as of December 2021 were at fair value under the fair value option. See Note 10 for further information about securities borrowed and securities loaned accounted for at fair value. Gross Carrying Value of Repurchase Agreements and Securities Loaned The table below presents the gross carrying value of repurchase agreements and securities loaned by class of collateral pledged. $ in millions Repurchase agreements Securities loaned As of September 2022 Money market instruments $ 1,132 $ — U.S. government and agency obligations 134,142 443 Non-U.S. government and agency obligations 89,464 958 Securities backed by commercial real estate 211 30 Securities backed by residential real estate 278 — Corporate debt securities 15,370 428 State and municipal obligations 50 — Other debt obligations 104 25 Equity securities 10,471 43,518 Total $ 251,222 $ 45,402 As of December 2021 Money market instruments $ 328 $ 14 U.S. government and agency obligations 132,049 503 Non-U.S. government and agency obligations 126,397 1,254 Securities backed by commercial real estate 362 — Securities backed by residential real estate 919 — Corporate debt securities 11,034 510 State and municipal obligations 248 — Other debt obligations 374 — Equity securities 23,194 55,650 Total $ 294,905 $ 57,931 The table below presents the gross carrying value of repurchase agreements and securities loaned by maturity. As of September 2022 $ in millions Repurchase agreements Securities loaned No stated maturity and overnight $ 96,905 $ 26,459 2 - 30 days 67,705 611 31 - 90 days 31,650 863 91 days - 1 year 44,190 11,102 Greater than 1 year 10,772 6,367 Total $ 251,222 $ 45,402 In the table above: • Repurchase agreements and securities loaned that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. • Repurchase agreements and securities loaned that are redeemable prior to maturity at the option of the holder are reflected at the earliest dates such options become exercisable. Other Secured Financings In addition to repurchase agreements and securities loaned transactions, the firm funds certain assets through the use of other secured financings and pledges financial instruments and other assets as collateral in these transactions. These other secured financings include: • Liabilities of consolidated VIEs; • Transfers of assets accounted for as financings rather than sales (e.g., pledged commodities, bank loans and mortgage whole loans); and • Other structured financing arrangements. Other secured financings included nonrecourse arrangements. Nonrecourse other secured financings were $8.19 billion as of September 2022 and $8.64 billion as of December 2021. The firm has elected to apply the fair value option to substantially all other secured financings because the use of fair value eliminates non-economic volatility in earnings that would arise from using different measurement attributes. See Note 10 for further information about other secured financings that are accounted for at fair value. Other secured financings that are not recorded at fair value are recorded based on the amount of cash received plus accrued interest, which generally approximates fair value. As these financings are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these financings been included in the firm’s fair value hierarchy, substantially all would have been classified in level 3 as of both September 2022 and December 2021. The table below presents information about other secured financings. $ in millions U.S. Non-U.S. Dollar Total As of September 2022 Other secured financings (short-term): At fair value $ 4,983 $ 2,201 $ 7,184 At amortized cost 583 152 735 Other secured financings (long-term): At fair value 4,470 2,586 7,056 At amortized cost 261 359 620 Total other secured financings $ 10,297 $ 5,298 $ 15,595 Other secured financings collateralized by: Financial instruments $ 5,381 $ 4,272 $ 9,653 Other assets $ 4,916 $ 1,026 $ 5,942 As of December 2021 Other secured financings (short-term): At fair value $ 5,315 $ 3,664 $ 8,979 At amortized cost — 191 191 Other secured financings (long-term): At fair value 4,170 3,925 8,095 At amortized cost 827 452 1,279 Total other secured financings $ 10,312 $ 8,232 $ 18,544 Other secured financings collateralized by: Financial instruments $ 5,990 $ 6,834 $ 12,824 Other assets $ 4,322 $ 1,398 $ 5,720 In the table above: • Short-term other secured financings includes financings maturing within one year of the financial statement date and financings that are redeemable within one year of the financial statement date at the option of the holder. • U.S. dollar-denominated short-term other secured financings at amortized cost had a weighted average interest rate of 4.13% as of September 2022. These rates include the effect of hedging activities. • Non-U.S. dollar-denominated short-term other secured financings at amortized cost had a weighted average interest rate of 0.22% as of both September 2022 and December 2021. This rate includes the effect of hedging activities. • U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 4.01% as of September 2022 and 1.06% as of December 2021. These rates include the effect of hedging activities. • Non-U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 0.46% as of both September 2022 and December 2021. These rates include the effect of hedging activities. • Total other secured financings included $1.64 billion as of September 2022 and $1.97 billion as of December 2021 related to transfers of financial assets accounted for as financings rather than sales. Such financings were collateralized by financial assets, primarily included in trading assets, of $1.62 billion as of September 2022 and $2.02 billion as of December 2021. • Other secured financings collateralized by financial instruments included $9.03 billion as of September 2022 and $10.37 billion as of December 2021 of other secured financings collateralized by trading assets, investments and loans, and included $627 million as of September 2022 and $2.45 billion as of December 2021 of other secured financings collateralized by financial instruments received as collateral and repledged. The table below presents other secured financings by maturity. As of $ in millions September 2022 Other secured financings (short-term) $ 7,919 Other secured financings (long-term): 2023 917 2024 2,229 2025 934 2026 1,457 2027 132 2028 - thereafter 2,007 Total other secured financings (long-term) 7,676 Total other secured financings $ 15,595 In the table above: • Long-term other secured financings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. • Long-term other secured financings that are redeemable prior to maturity at the option of the holder are reflected at the earliest dates such options become exercisable. Collateral Received and Pledged The firm receives cash and securities (e.g., U.S. government and agency obligations, other sovereign and corporate obligations, as well as equity securities) as collateral, primarily in connection with resale agreements, securities borrowed, derivative transactions and customer margin loans. The firm obtains cash and securities as collateral on an upfront or contingent basis for derivative instruments and collateralized agreements to reduce its credit exposure to individual counterparties. In many cases, the firm is permitted to deliver or repledge financial instruments received as collateral when entering into repurchase agreements and securities loaned transactions, primarily in connection with secured client financing activities. The firm is also permitted to deliver or repledge these financial instruments in connection with other secured financings, collateralized derivative transactions and firm or customer settlement requirements. The firm also pledges certain trading assets in connection with repurchase agreements, securities loaned transactions and other secured financings, and other assets (substantially all real estate and cash) in connection with other secured financings to counterparties who may or may not have the right to deliver or repledge them. The table below presents financial instruments at fair value received as collateral that were available to be delivered or repledged and were delivered or repledged. As of September December $ in millions 2022 2021 Collateral available to be delivered or repledged $ 898,556 $ 1,057,195 Collateral that was delivered or repledged $ 741,587 $ 875,213 The table below presents information about assets pledged. As of September December $ in millions 2022 2021 Pledged to counterparties that had the right to deliver or repledge Trading assets $ 77,130 $ 68,208 Investments $ 20,375 $ 12,840 Pledged to counterparties that did not have the right to deliver or repledge Trading assets $ 92,793 $ 102,259 Investments $ 22,220 $ 8,683 Loans $ 7,307 $ 6,808 Other assets $ 8,464 $ 8,878

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2022
Other Assets [Abstract]
Other Assets	Other Assets The table below presents other assets by type. As of September December $ in millions 2022 2021 Property, leasehold improvements and equipment $ 17,167 $ 18,094 Goodwill 6,288 4,285 Identifiable intangible assets 1,963 418 Operating lease right-of-use assets 2,067 2,292 Income tax-related assets 5,394 3,860 Miscellaneous receivables and other 6,366 5,659 Total $ 39,245 $ 34,608 During the first nine months of 2022, the firm completed the acquisitions of (i) GreenSky, a leading technology company facilitating point-of-sale financing for merchants and consumers, in an all-stock transaction, (ii) NN Investment Partners (NNIP), a leading European asset manager, in an all-cash transaction, and (iii) NextCapital Group, Inc. (NextCapital), a digital retirement advice provider, in an all-cash transaction. These acquisitions were accounted for under the purchase method of accounting for business combinations and had an aggregate purchase price of $3.83 billion, substantially all of which related to GreenSky and NNIP. The purchase price of GreenSky has been preliminarily allocated to goodwill of approximately $1.05 billion, identifiable intangible assets of approximately $710 million and tangible assets of approximately $960 million (primarily cash and other assets), and to liabilities assumed of approximately $990 million (primarily unsecured short-term borrowings and customer and other payables). The purchase price of NNIP has been preliminarily allocated to goodwill of approximately $890 million, identifiable intangible assets of approximately $900 million, tangible assets of approximately $540 million (primarily cash and customer and other receivables), and to liabilities assumed of approximately $510 million (primarily deferred tax liabilities and customer and other payables). See below for further information about goodwill and identifiable intangible assets related to these acquisitions. Property, Leasehold Improvements and Equipment Property, leasehold improvements and equipment is net of accumulated depreciation and amortization of $11.87 billion as of September 2022 and $10.81 billion as of December 2021. Property, leasehold improvements and equipment included $7.20 billion as of September 2022 and $6.71 billion as of December 2021 that the firm uses in connection with its operations, and $142 million as of September 2022 and $194 million as of December 2021 of foreclosed real estate primarily related to distressed loans that were purchased by the firm. The remainder is held by investment entities, including VIEs, consolidated by the firm. Substantially all property and equipment is depreciated on a straight-line basis over the useful life of the asset. Leasehold improvements are amortized on a straight-line basis over the shorter of the useful life of the improvement or the term of the lease. Capitalized costs of software developed or obtained for internal use are amortized on a straight-line basis over three years. The firm tests property, leasehold improvements and equipment for impairment when events or changes in circumstances suggest that an asset’s or asset group’s carrying value may not be fully recoverable. To the extent the carrying value of an asset or asset group exceeds the projected undiscounted cash flows expected to result from the use and eventual disposal of the asset or asset group, the firm determines the asset or asset group is impaired and records an impairment equal to the difference between the estimated fair value and the carrying value of the asset or asset group. In addition, the firm will recognize an impairment prior to the sale of an asset or asset group if the carrying value of the asset or asset group exceeds its estimated fair value. There were $106 million of impairments during the three months ended September 2022 and no material impairments during the three months ended September 2021. There were $130 million of impairments during the nine months ended September 2022 and $134 million of impairments during nine months ended September 2021. Goodwill Goodwill is the cost of acquired companies in excess of the fair value of net assets, including identifiable intangible assets, at the acquisition date. The table below presents the carrying value of goodwill by reporting unit. As of September December $ in millions 2022 2021 Investment Banking $ 281 $ 281 Global Markets: FICC 269 269 Equities 2,637 2,638 Asset Management 1,299 349 Consumer & Wealth Management: Consumer banking 1,102 48 Wealth management 700 700 Total $ 6,288 $ 4,285 In the table above, substantially all of the increase in goodwill from December 2021 to September 2022 was driven by the acquisitions of GreenSky and NNIP. Goodwill is assessed for impairment annually in the fourth quarter or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment. The quantitative goodwill test compares the estimated fair value of each reporting unit with its estimated net book value (including goodwill and identifiable intangible assets). If the reporting unit’s estimated fair value exceeds its estimated net book value, goodwill is not impaired. An impairment is recognized if the estimated fair value of a reporting unit is less than its estimated net book value. To estimate the fair value of each reporting unit, other than Consumer banking, a relative value technique is used because the firm believes market participants would use this technique to value these reporting units. The relative value technique applies observable price-to-earnings multiples or price-to-book multiples of comparable competitors to reporting units’ net earnings or net book value. To estimate the fair value of Consumer banking, a discounted cash flow valuation approach is used because the firm believes market participants would use this technique to value that reporting unit given its early stage of development. The estimated net carrying value of each reporting unit reflects an allocation of total shareholders’ equity and represents the estimated amount of total shareholders’ equity required to support the activities of the reporting unit under currently applicable regulatory capital requirements. In the fourth quarter of 2021, the firm performed its annual assessment of goodwill for impairment, for each of its reporting units, by performing a qualitative assessment. Multiple factors, including performance indicators, macroeconomic indicators, firm and industry events, and fair value indicators, were assessed with respect to each of the firm’s reporting units to determine whether it was more likely than not that the estimated fair value of any of those reporting units was less than its estimated carrying value. The qualitative assessment also considered changes since a quantitative test was last performed in 2019. As a result of the qualitative assessment, the firm determined that it was more likely than not that the estimated fair value of each reporting unit exceeded its respective estimated carrying value. Therefore, the firm determined that goodwill for each reporting unit was not impaired and that a quantitative goodwill test was not required. Based on the evaluation of relevant factors during the first nine months of 2022, the firm determined that it was more likely than not that the estimated fair value of each of the reporting units exceeded its respective estimated carrying value as of September 2022. Identifiable Intangible Assets The table below presents identifiable intangible assets by reporting unit and type. As of $ in millions September 2022 December 2021 By Reporting Unit Global Markets: FICC $ 1 $ 1 Equities 40 43 Asset Management 938 122 Consumer & Wealth Management: Consumer banking 764 — Wealth management 220 252 Total $ 1,963 $ 418 By Type Customer lists and merchant relationships Gross carrying value $ 3,126 $ 1,460 Accumulated amortization (1,229) (1,130) Net carrying value 1,897 330 Acquired leases and other Gross carrying value 487 500 Accumulated amortization (421) (412) Net carrying value 66 88 Total gross carrying value 3,613 1,960 Total accumulated amortization (1,650) (1,542) Total net carrying value $ 1,963 $ 418 The firm acquired approximately $1.77 billion of identifiable intangible assets (with a weighted average amortization period of 13 years) during the nine months ended September 2022, substantially all in connection with the acquisitions of GreenSky and NNIP. Substantially all of these intangible assets consisted of merchant relationships and customer lists. During 2021, the amount of identifiable intangible assets acquired by the firm was not material. Substantially all of the firm’s identifiable intangible assets have finite useful lives and are amortized over their estimated useful lives generally using the straight-line method. The tables below present information about the amortization of identifiable intangible assets. Three Months Nine Months $ in millions 2022 2021 2022 2021 Amortization $ 54 $ 22 $ 124 $ 89 As of $ in millions September 2022 Estimated future amortization Remainder of 2022 $ 48 2023 $ 193 2024 $ 181 2025 $ 164 2026 $ 156 2027 $ 155 The firm tests identifiable intangible assets for impairment when events or changes in circumstances suggest that an asset’s or asset group’s carrying value may not be fully recoverable. To the extent the carrying value of an asset or asset group exceeds the projected undiscounted cash flows expected to result from the use and eventual disposal of the asset or asset group, the firm determines the asset or asset group is impaired and records an impairment equal to the difference between the estimated fair value and the carrying value of the asset or asset group. In addition, the firm will recognize an impairment prior to the sale of an asset or asset group if the carrying value of the asset or asset group exceeds its estimated fair value. There were no material impairments during each of the three and nine months ended September 2022 and September 2021. Operating Lease Right-of-Use Assets The firm enters into operating leases for real estate, office equipment and other assets, substantially all of which are used in connection with its operations. For leases longer than one year, the firm recognizes a right-of-use asset representing the right to use the underlying asset for the lease term, and a lease liability representing the liability to make payments. The lease term is generally determined based on the contractual maturity of the lease. For leases where the firm has the option to terminate or extend the lease, an assessment of the likelihood of exercising the option is incorporated into the determination of the lease term. Such assessment is initially performed at the inception of the lease and is updated if events occur that impact the original assessment. An operating lease right-of-use asset is initially determined based on the operating lease liability, adjusted for initial direct costs, lease incentives and amounts paid at or prior to lease commencement. This amount is then amortized over the lease term. Right-of-use assets and operating lease liabilities recognized (in non-cash transactions for leases entered into or assumed) by the firm were $52 million for the three months ended September 2022, $86 million for the three months ended September 2021, $168 million for the nine months ended September 2022 and $230 million for the nine months ended September 2021. See Note 15 for information about operating lease liabilities. For leases where the firm will derive no economic benefit from leased space that it has vacated or where the firm has shortened the term of a lease when space is no longer needed, the firm will record an impairment or accelerated amortization of right-of-use assets. There were no material impairments or accelerated amortizations during each of the three and nine months ended September 2022 and September 2021. Miscellaneous Receivables and Other Miscellaneous receivables and other included: • Investments in qualified affordable housing projects of $751 million as of September 2022 and $714 million as of December 2021.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Deposits	Deposits The table below presents the types and sources of deposits. $ in millions Savings and Time Total As of September 2022 Consumer $ 91,884 $ 21,566 $ 113,450 Private bank 81,585 13,397 94,982 Brokered certificates of deposit — 37,578 37,578 Deposit sweep programs 46,165 — 46,165 Transaction banking 73,139 5,572 78,711 Other 1,462 22,385 23,847 Total $ 294,235 $ 100,498 $ 394,733 As of December 2021 Consumer $ 89,150 $ 20,533 $ 109,683 Private bank 85,427 9,665 95,092 Brokered certificates of deposit — 30,816 30,816 Deposit sweep programs 37,965 — 37,965 Transaction banking 48,618 5,689 54,307 Other 275 36,089 36,364 Total $ 261,435 $ 102,792 $ 364,227 In the table above: • Substantially all deposits are interest-bearing. • Savings and demand accounts consist of money market deposit accounts, negotiable order of withdrawal accounts and demand deposit accounts that have no stated maturity or expiration date. • Time deposits included $23.59 billion as of September 2022 and $35.43 billion as of December 2021 of deposits accounted for at fair value under the fair value option. See Note 10 for further information about deposits accounted for at fair value. • Time deposits had a weighted average maturity of approximately 0.9 years as of both September 2022 and December 2021. • Deposit sweep programs include long-term contractual agreements with U.S. broker-dealers who sweep client cash to FDIC-insured deposits. • Transaction banking deposits consists of deposits that the firm raised through its cash management services business for corporate and other institutional clients. • Other deposits represent deposits from institutional clients. • Deposits insured by the FDIC were $187.64 billion as of September 2022 and $156.66 billion as of December 2021. • Deposits insured by non-U.S. insurance programs were $27.20 billion as of September 2022 and $31.44 billion as of December 2021. The table below presents the location of deposits. As of September December $ in millions 2022 2021 U.S. offices $ 323,048 $ 283,705 Non-U.S. offices 71,685 80,522 Total $ 394,733 $ 364,227 In the table above, U.S. deposits were held at Goldman Sachs Bank USA (GS Bank USA) and substantially all non-U.S. deposits were held at Goldman Sachs International Bank (GSIB) and Goldman Sachs Bank Europe SE (GSBE). The table below presents maturities of time deposits held in U.S. and non-U.S. offices. As of September 2022 $ in millions U.S. Non-U.S. Total Remainder of 2022 $ 16,347 $ 14,867 $ 31,214 2023 37,121 12,374 49,495 2024 10,198 94 10,292 2025 3,782 199 3,981 2026 2,432 240 2,672 2027 1,089 170 1,259 2028 - thereafter 1,270 315 1,585 Total $ 72,239 $ 28,259 $ 100,498 As of September 2022, deposits in U.S. offices included $20.62 billion and deposits in non-U.S. offices included $26.68 billion of time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance.

Unsecured Borrowings

Unsecured Borrowings	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Unsecured Borrowings	Unsecured Borrowings The table below presents information about unsecured borrowings. As of September December $ in millions 2022 2021 Unsecured short-term borrowings $ 51,850 $ 46,955 Unsecured long-term borrowings 239,965 254,092 Total $ 291,815 $ 301,047 Unsecured Short-Term Borrowings Unsecured short-term borrowings includes the portion of unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder. The firm accounts for certain hybrid financial instruments at fair value under the fair value option. See Note 10 for further information about unsecured short-term borrowings that are accounted for at fair value. In addition, the firm designates certain derivatives as fair value hedges to convert a portion of its unsecured short-term borrowings not accounted for at fair value from fixed-rate obligations into floating-rate obligations. The carrying value of unsecured short-term borrowings that are not recorded at fair value generally approximates fair value due to the short-term nature of the obligations. As these unsecured short-term borrowings are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these borrowings been included in the firm’s fair value hierarchy, substantially all would have been classified in level 2 as of both September 2022 and December 2021. The table below presents information about unsecured short-term borrowings. As of September December $ in millions 2022 2021 Current portion of unsecured long-term borrowings $ 28,306 $ 18,118 Hybrid financial instruments 16,322 20,073 Commercial paper 5,152 6,730 Other unsecured short-term borrowings 2,070 2,034 Total unsecured short-term borrowings $ 51,850 $ 46,955 Weighted average interest rate 2.74 % 2.34 % In the table above, the weighted average interest rates for these borrowings include the effect of hedging activities and exclude unsecured short-term borrowings accounted for at fair value under the fair value option. See Note 7 for further information about hedging activities. Unsecured Long-Term Borrowings The table below presents information about unsecured long-term borrowings. $ in millions U.S. Dollar Non-U.S. Total As of September 2022 Fixed-rate obligations $ 119,962 $ 35,620 $ 155,582 Floating-rate obligations 55,812 28,571 84,383 Total $ 175,774 $ 64,191 $ 239,965 As of December 2021 Fixed-rate obligations $ 126,534 $ 46,408 $ 172,942 Floating-rate obligations 50,995 30,155 81,150 Total $ 177,529 $ 76,563 $ 254,092 In the table above: • Unsecured long-term borrowings consists principally of senior borrowings, which have maturities extending through 2065. • Floating-rate obligations includes equity-linked, credit-linked and indexed instruments. Floating interest rates are generally based on SOFR, USD LIBOR, or Euro Interbank Offered Rate. • U.S. dollar-denominated debt had interest rates ranging from 0.63% to 6.75% (with a weighted average rate of 3.39%) as of September 2022 and 0.48% to 7.68% (with a weighted average rate of 3.34%) as of December 2021. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option. • Non-U.S. dollar-denominated debt had interest rates ranging from 0.13% to 13.00% (with a weighted average rate of 1.84%) as of September 2022 and 0.13% to 13.00% (with a weighted average rate of 1.86%) as of December 2021. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option. The table below presents unsecured long-term borrowings by maturity. As of $ in millions September 2022 2023 $ 14,609 2024 40,828 2025 34,203 2026 20,824 2027 27,937 2028 - thereafter 101,564 Total $ 239,965 In the table above: • Unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder are excluded as they are included in unsecured short-term borrowings. • Unsecured long-term borrowings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. • Unsecured long-term borrowings that are redeemable prior to maturity at the option of the holder are reflected at the earliest dates such options become exercisable. • Unsecured long-term borrowings included $(15.25) billion of adjustments to the carrying value of certain unsecured long-term borrowings resulting from the application of hedge accounting by year of maturity as follows: $(9) million in 2023, $(513) million in 2024, $(1.26) billion in 2025, $(801) million in 2026, $(1.66) billion in 2027 and $(11.01) billion in 2028 and thereafter. The firm designates certain derivatives as fair value hedges to convert a portion of fixed-rate unsecured long-term borrowings not accounted for at fair value into floating-rate obligations. See Note 7 for further information about hedging activities. The table below presents unsecured long-term borrowings, after giving effect to such hedging activities. As of September December $ in millions 2022 2021 Fixed-rate obligations: At fair value $ 5,692 $ 4,863 At amortized cost 5,411 30,370 Floating-rate obligations: At fair value 59,666 47,527 At amortized cost 169,196 171,332 Total $ 239,965 $ 254,092 In the table above, the aggregate amounts of unsecured long-term borrowings had weighted average interest rates of 3.80% (4.30% related to fixed-rate obligations and 3.78% related to floating-rate obligations) as of September 2022 and 1.60% (2.25% related to fixed-rate obligations and 1.48% related to floating-rate obligations) as of December 2021. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option. The carrying value of unsecured long-term borrowings for which the firm did not elect the fair value option was $174.61 billion as of September 2022 and $201.70 billion as of December 2021. The estimated fair value of such unsecured long-term borrowings was $170.27 billion as of September 2022 and $209.37 billion as of December 2021. As these borrowings are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these borrowings been included in the firm’s fair value hierarchy, substantially all would have been classified in level 2 as of both September 2022 and December 2021. Subordinated Borrowings Unsecured long-term borrowings includes subordinated debt and junior subordinated debt. Subordinated debt that matures within one year is included in unsecured short-term borrowings. Junior subordinated debt is junior in right of payment to other subordinated borrowings, which are junior to senior borrowings. Long-term subordinated debt had maturities ranging from 2025 to 2045 as of both September 2022 and December 2021. The table below presents information about subordinated borrowings. $ in millions Par Carrying Rate As of September 2022 Subordinated debt $ 12,118 $ 11,745 4.54 % Junior subordinated debt 968 1,052 3.76 % Total $ 13,086 $ 12,797 4.49 % As of December 2021 Subordinated debt $ 12,437 $ 15,571 1.74 % Junior subordinated debt 968 1,321 1.31 % Total $ 13,405 $ 16,892 1.71 % In the table above, the rate is the weighted average interest rate for these borrowings (excluding borrowings accounted for at fair value under the fair value option), including the effect of fair value hedges used to convert fixed-rate obligations into floating-rate obligations. See Note 7 for further information about hedging activities. Junior Subordinated Debt In 2004, Group Inc. issued $2.84 billion of junior subordinated debt to Goldman Sachs Capital I, a Delaware statutory trust. Goldman Sachs Capital I issued $2.75 billion of guaranteed preferred beneficial interests (Trust Preferred securities) to third parties and $85 million of common beneficial interests to Group Inc. As of both September 2022 and December 2021, the outstanding par amount of junior subordinated debt held by Goldman Sachs Capital I was $968 million and the outstanding par amount of Trust Preferred securities and common beneficial interests issued by Goldman Sachs Capital I was $939 million and $29 million, respectively. Goldman Sachs Capital I is a wholly-owned finance subsidiary of the firm for regulatory and legal purposes but is not consolidated for accounting purposes.

Other Liabilities

Other Liabilities	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities The table below presents other liabilities by type. As of September December $ in millions 2022 2021 Compensation and benefits $ 6,217 $ 10,838 Income tax-related liabilities 3,274 2,360 Operating lease liabilities 2,057 2,288 Noncontrolling interests 824 840 Employee interests in consolidated funds 28 29 Accrued expenses and other 8,479 8,146 Total $ 20,879 $ 24,501 Operating Lease Liabilities For leases longer than one year, the firm recognizes a right-of-use asset representing the right to use the underlying asset for the lease term, and a lease liability representing the liability to make payments. See Note 12 for information about operating lease right-of-use assets. The table below presents information about operating lease liabilities. $ in millions Operating As of September 2022 Remainder of 2022 $ 76 2023 327 2024 299 2025 261 2026 217 2027 - thereafter 1,543 Total undiscounted lease payments 2,723 Imputed interest (666) Total operating lease liabilities $ 2,057 Weighted average remaining lease term 13 years Weighted average discount rate 3.60 % As of December 2021 2022 $ 305 2023 307 2024 284 2025 258 2026 216 2027 - thereafter 1,655 Total undiscounted lease payments 3,025 Imputed interest (737) Total operating lease liabilities $ 2,288 Weighted average remaining lease term 14 years Weighted average discount rate 3.61 % In the table above, the weighted average discount rate represents the firm’s incremental borrowing rate as of January 2019 for operating leases existing on the date of adoption of ASU No. 2016-02, “Leases (Topic 842),” and at the lease inception date for leases entered into subsequent to the adoption of this ASU. Operating lease costs were $111 million for the three months ended September 2022, $118 million for the three months ended September 2021, $348 million for the nine months ended September 2022 and $348 million for the nine months ended September 2021. Variable lease costs, which are included in operating lease costs, were not material for each of the three and nine months ended September 2022 and September 2021. Total occupancy expenses for space held in excess of the firm’s current requirements were not material for each of the three and nine months ended September 2022 and September 2021. Lease payments relating to operating lease arrangements that were signed but had not yet commenced were $1.43 billion as of September 2022. Accrued Expenses and Other Accrued expenses and other included: • Liabilities classified as held for sale were $380 million as of September 2022 and $310 million as of December 2021 related to certain of the firm’s consolidated investments within the Asset Management segment, substantially all of which consisted of other secured financings primarily carried at fair value under the fair value option, and were related to assets classified as held for sale. See Note 12 for further information about assets held for sale. • Contract liabilities, which represent consideration received by the firm in connection with its contracts with clients prior to providing the service, were $145 million as of September 2022 and were not material as of December 2021.

Securitization Activities

Securitization Activities	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Securitization Activities	Securitization Activities The firm securitizes residential and commercial mortgages, corporate bonds, loans and other types of financial assets by selling these assets to securitization vehicles (e.g., trusts, corporate entities and limited liability companies) or through a resecuritization. The firm acts as underwriter of the beneficial interests that are sold to investors. The firm’s residential mortgage securitizations are primarily in connection with government agency securitizations. The firm accounts for a securitization as a sale when it has relinquished control over the transferred financial assets. Prior to securitization, the firm generally accounts for assets pending transfer at fair value and therefore does not typically recognize significant gains or losses upon the transfer of assets. Net revenues from underwriting activities are recognized in connection with the sales of the underlying beneficial interests to investors. The firm generally receives cash in exchange for the transferred assets but may also have continuing involvement with the transferred financial assets, including ownership of beneficial interests in securitized financial assets, primarily in the form of debt instruments. The firm may also purchase senior or subordinated securities issued by securitization vehicles (which are typically VIEs) in connection with secondary market-making activities. The primary risks included in beneficial interests and other interests from the firm’s continuing involvement with securitization vehicles are the performance of the underlying collateral, the position of the firm’s investment in the capital structure of the securitization vehicle and the market yield for the security. Interests accounted for at fair value are primarily classified in level 2 of the fair value hierarchy. Interests not accounted for at fair value are carried at amounts that approximate fair value. See Notes 4 through 10 for further information about fair value measurements. The table below presents the amount of financial assets securitized and the cash flows received on retained interests in securitization entities in which the firm had continuing involvement as of the end of the period. Three Months Nine Months $ in millions 2022 2021 2022 2021 Residential mortgages $ 6,128 $ 9,888 $ 25,069 $ 19,894 Commercial mortgages 2,306 3,066 13,820 13,832 Other financial assets 902 2,353 3,519 4,017 Total financial assets securitized $ 9,336 $ 15,307 $ 42,408 $ 37,743 Retained interests cash flows $ 125 $ 204 $ 428 $ 452 The firm securitized assets of $382 million during the three months ended September 2022, $266 million during the three months ended September 2021, $781 million during the nine months ended September 2022 and $679 million during the nine months ended September 2021, in a non-cash exchange for loans and investments. The table below presents information about nonconsolidated securitization entities to which the firm sold assets and had continuing involvement as of the end of the period. $ in millions Outstanding Retained Purchased As of September 2022 U.S. government agency-issued CMOs $ 39,848 $ 1,899 $ — Other residential mortgage-backed 27,703 1,233 129 Other commercial mortgage-backed 59,919 1,351 108 Corporate debt and other asset-backed 9,092 425 34 Total $ 136,562 $ 4,908 $ 271 As of December 2021 U.S. government agency-issued CMOs $ 33,984 $ 955 $ 3 Other residential mortgage-backed 23,262 1,114 96 Other commercial mortgage-backed 50,350 1,123 130 Corporate debt and other asset-backed 7,755 360 37 Total $ 115,351 $ 3,552 $ 266 In the table above: • CMOs represents collateralized mortgage obligations. • The outstanding principal amount is presented for the purpose of providing information about the size of the securitization entities and is not representative of the firm’s risk of loss. • The firm’s risk of loss from retained or purchased interests is limited to the carrying value of these interests. • Purchased interests represent senior and subordinated interests, purchased in connection with secondary market-making activities, in securitization entities in which the firm also holds retained interests. • Substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2018 and thereafter. • The fair value of retained interests was $4.83 billion as of September 2022 and $3.57 billion as of December 2021. In addition to the interests in the table above, the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated VIEs. The carrying value of these derivatives and commitments was a net asset of $115 million as of September 2022 and $81 million as of December 2021, and the notional amount of these derivatives and commitments was $1.80 billion as of September 2022 and $1.81 billion as of December 2021. The notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated VIE table in Note 17. The table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. As of September December $ in millions 2022 2021 Fair value of retained interests $ 4,421 $ 3,209 Weighted average life (years) 6.6 5.1 Constant prepayment rate 8.4% 14.1% Impact of 10% adverse change $ (28) $ (38) Impact of 20% adverse change $ (52) $ (69) Discount rate 7.6% 5.6% Impact of 10% adverse change $ (131) $ (49) Impact of 20% adverse change $ (251) $ (96) In the table above: • Amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests. • Changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear. • The impact of a change in a particular assumption is calculated independently of changes in any other assumption. In practice, simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above. • The constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value. • The discount rate for retained interests that relate to U.S. government agency-issued CMOs does not include any credit loss. Expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities A variable interest in a VIE is an investment (e.g., debt or equity) or other interest (e.g., derivatives or loans and lending commitments) that will absorb portions of the VIE’s expected losses and/or receive portions of the VIE’s expected residual returns. The firm’s variable interests in VIEs include senior and subordinated debt; loans and lending commitments; limited and general partnership interests; preferred and common equity; derivatives that may include foreign currency, equity and/or credit risk; guarantees; and certain of the fees the firm receives from investment funds. Certain interest rate, foreign currency and credit derivatives the firm enters into with VIEs are not variable interests because they create, rather than absorb, risk. VIEs generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the VIE. The debt and equity securities issued by a VIE may include tranches of varying levels of subordination. The firm’s involvement with VIEs includes securitization of financial assets, as described in Note 16, and investments in and loans to other types of VIEs, as described below. See Note 3 for the firm’s consolidation policies, including the definition of a VIE. VIE Consolidation Analysis The enterprise with a controlling financial interest in a VIE is known as the primary beneficiary and consolidates the VIE. The firm determines whether it is the primary beneficiary of a VIE by performing an analysis that principally considers: • Which variable interest holder has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; • Which variable interest holder has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE; • The VIE’s purpose and design, including the risks the VIE was designed to create and pass through to its variable interest holders; • The VIE’s capital structure; • The terms between the VIE and its variable interest holders and other parties involved with the VIE; and • Related-party relationships. The firm reassesses its evaluation of whether an entity is a VIE when certain reconsideration events occur. The firm reassesses its determination of whether it is the primary beneficiary of a VIE on an ongoing basis based on current facts and circumstances. VIE Activities The firm is principally involved with VIEs through the following business activities: Mortgage-Backed VIEs. The firm sells residential and commercial mortgage loans and securities to mortgage-backed VIEs and may retain beneficial interests in the assets sold to these VIEs. The firm purchases and sells beneficial interests issued by mortgage-backed VIEs in connection with market-making activities. In addition, the firm may enter into derivatives with certain of these VIEs, primarily interest rate swaps, which are typically not variable interests. The firm generally enters into derivatives with other counterparties to mitigate its risk. Real Estate, Credit- and Power-Related and Other Investing VIEs. The firm purchases equity and debt securities issued by and makes loans to VIEs that hold real estate, performing and nonperforming debt, distressed loans, power-related assets and equity securities. The firm generally does not sell assets to, or enter into derivatives with, these VIEs. Corporate Debt and Other Asset-Backed VIEs. The firm structures VIEs that issue notes to clients, purchases and sells beneficial interests issued by corporate debt and other asset-backed VIEs in connection with market-making activities, and makes loans to VIEs that warehouse corporate debt. Certain of these VIEs synthetically create the exposure for the beneficial interests they issue by entering into credit derivatives with the firm, rather than purchasing the underlying assets. In addition, the firm may enter into derivatives, such as total return swaps, with certain corporate debt and other asset-backed VIEs, under which the firm pays the VIE a return due to the beneficial interest holders and receives the return on the collateral owned by the VIE. The collateral owned by these VIEs is primarily other asset-backed loans and securities. The firm may be removed as the total return swap counterparty and may enter into derivatives with other counterparties to mitigate its risk related to these swaps. The firm may sell assets to the corporate debt and other asset-backed VIEs it structures. Principal-Protected Note VIEs. The firm structures VIEs that issue principal-protected notes to clients. These VIEs own portfolios of assets, principally with exposure to hedge funds. Substantially all of the principal protection on the notes issued by these VIEs is provided by the asset portfolio rebalancing that is required under the terms of the notes. The firm enters into total return swaps with these VIEs under which the firm pays the VIE the return due to the principal-protected note holders and receives the return on the assets owned by the VIE. The firm may enter into derivatives with other counterparties to mitigate its risk. The firm also obtains funding through these VIEs. Investments in Funds. The firm makes equity investments in certain investment fund VIEs it manages and is entitled to receive fees from these VIEs. The firm has generally not sold assets to, or entered into derivatives with, these VIEs. Nonconsolidated VIEs The table below presents a summary of the nonconsolidated VIEs in which the firm holds variable interests. As of September December $ in millions 2022 2021 Total nonconsolidated VIEs Assets in VIEs $ 184,515 $ 176,809 Carrying value of variable interests — assets $ 12,035 $ 9,582 Carrying value of variable interests — liabilities $ 791 $ 928 Maximum exposure to loss: Retained interests $ 4,908 $ 3,552 Purchased interests 916 1,071 Commitments and guarantees 2,642 2,440 Derivatives 8,128 8,682 Debt and equity 5,887 4,639 Total $ 22,481 $ 20,384 In the table above: • The nature of the firm’s variable interests is described in the rows under maximum exposure to loss. • The firm’s exposure to the obligations of VIEs is generally limited to its interests in these entities. In certain instances, the firm provides guarantees, including derivative guarantees, to VIEs or holders of variable interests in VIEs. • The maximum exposure to loss excludes the benefit of offsetting financial instruments that are held to mitigate the risks associated with these variable interests. • The maximum exposure to loss from retained interests, purchased interests, and debt and equity is the carrying value of these interests. • The maximum exposure to loss from commitments and guarantees, and derivatives is the notional amount, which does not represent anticipated losses and has not been reduced by unrealized losses. As a result, the maximum exposure to loss exceeds liabilities recorded for commitments and guarantees, and derivatives. The table below presents information, by principal business activity, for nonconsolidated VIEs included in the summary table above. As of September December $ in millions 2022 2021 Mortgage-backed Assets in VIEs $ 129,580 $ 120,343 Carrying value of variable interests — assets $ 4,892 $ 4,147 Maximum exposure to loss: Retained interests $ 4,483 $ 3,192 Purchased interests 408 955 Commitments and guarantees 61 34 Derivatives 13 18 Total $ 4,965 $ 4,199 Real estate, credit- and power-related and other investing Assets in VIEs $ 27,198 $ 26,867 Carrying value of variable interests — assets $ 4,105 $ 3,923 Carrying value of variable interests — liabilities $ 2 $ 8 Maximum exposure to loss: Commitments and guarantees $ 2,061 $ 2,030 Derivatives 61 64 Debt and equity 4,102 3,923 Total $ 6,224 $ 6,017 Corporate debt and other asset-backed Assets in VIEs $ 20,700 $ 18,391 Carrying value of variable interests — assets $ 2,757 $ 1,156 Carrying value of variable interests — liabilities $ 789 $ 920 Maximum exposure to loss: Retained interests $ 425 $ 360 Purchased interests 508 116 Commitments and guarantees 367 250 Derivatives 8,052 8,597 Debt and equity 1,504 360 Total $ 10,856 $ 9,683 Investments in funds Assets in VIEs $ 7,037 $ 11,208 Carrying value of variable interests — assets $ 281 $ 356 Maximum exposure to loss: Commitments and guarantees $ 153 $ 126 Derivatives 2 3 Debt and equity 281 356 Total $ 436 $ 485 As of both September 2022 and December 2021, the carrying values of the firm’s variable interests in nonconsolidated VIEs are included in the consolidated balance sheets as follows: • Mortgage-backed: Assets primarily included in trading assets and loans. • Real estate, credit- and power-related and other investing: Assets primarily included in investments and loans, and liabilities included in trading liabilities and other liabilities. • Corporate debt and other asset-backed: Assets included in loans and trading assets, and liabilities included in trading liabilities. • Investments in funds: Assets included in investments. Consolidated VIEs The table below presents a summary of the carrying value and balance sheet classification of assets and liabilities in consolidated VIEs. As of September December $ in millions 2022 2021 Total consolidated VIEs Assets Cash and cash equivalents $ 918 $ 501 Customer and other receivables 11 — Trading assets 145 122 Investments 98 153 Loans 1,293 1,988 Other assets 298 314 Total $ 2,763 $ 3,078 Liabilities Other secured financings $ 1,348 $ 1,143 Customer and other payables 5 34 Trading liabilities 1 7 Unsecured short-term borrowings 46 146 Unsecured long-term borrowings 23 81 Other liabilities 128 163 Total $ 1,551 $ 1,574 In the table above: • Assets and liabilities are presented net of intercompany eliminations and exclude the benefit of offsetting financial instruments that are held to mitigate the risks associated with the firm’s variable interests. • VIEs in which the firm holds a majority voting interest are excluded if (i) the VIE meets the definition of a business and (ii) the VIE’s assets can be used for purposes other than the settlement of its obligations. • Substantially all assets can only be used to settle obligations of the VIE. The table below presents information, by principal business activity, for consolidated VIEs included in the summary table above. As of September December $ in millions 2022 2021 Real estate, credit-related and other investing Assets Cash and cash equivalents $ 301 $ 274 Customer and other receivables 11 — Trading assets 30 16 Investments 98 153 Loans 1,293 1,988 Other assets 298 314 Total $ 2,031 $ 2,745 Liabilities Other secured financings $ 132 $ 150 Customer and other payables 5 34 Trading liabilities 1 7 Other liabilities 128 163 Total $ 266 $ 354 Corporate debt and other asset-backed Assets Cash and cash equivalents $ 617 $ 227 Trading assets 70 17 Total $ 687 $ 244 Liabilities Other secured financings $ 940 $ 602 Total $ 940 $ 602 Principal-protected notes Assets Trading assets $ 45 $ 89 Total $ 45 $ 89 Liabilities Other secured financings $ 276 $ 391 Unsecured short-term borrowings 46 146 Unsecured long-term borrowings 23 81 Total $ 345 $ 618 In the table above: • The majority of the assets in principal-protected notes VIEs are intercompany and are eliminated in consolidation.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Guarantees	Commitments, Contingencies and Guarantees Commitments The table below presents commitments by type. As of September December $ in millions 2022 2021 Commitment Type Commercial lending: Investment-grade $ 95,229 $ 95,585 Non-investment-grade 57,231 69,635 Warehouse financing 8,865 10,391 Consumer 61,612 35,941 Total lending 222,937 211,552 Risk participations 9,486 10,016 Collateralized agreement 104,691 101,031 Collateralized financing 33,858 29,561 Investment 7,246 11,381 Other 12,514 9,143 Total commitments $ 390,732 $ 372,684 The table below presents commitments by expiration. As of September 2022 Remainder of 2023 - 2025 - 2027 - $ in millions 2022 2024 2026 Thereafter Commitment Type Commercial lending: Investment-grade $ 3,472 $ 26,957 $ 41,053 $ 23,747 Non-investment-grade 2,040 15,452 23,532 16,207 Warehouse financing — 5,497 2,989 379 Consumer 60,677 935 — — Total lending 66,189 48,841 67,574 40,333 Risk participations 243 5,852 2,261 1,130 Collateralized agreement 95,230 9,461 — — Collateralized financing 30,495 3,363 — — Investment 1,110 1,325 509 4,302 Other 9,315 2,923 28 248 Total commitments $ 202,582 $ 71,765 $ 70,372 $ 46,013 Lending Commitments The firm’s commercial and warehouse financing lending commitments are agreements to lend with fixed termination dates and depend on the satisfaction of all contractual conditions to borrowing. These commitments are presented net of amounts syndicated to third parties. The total commitment amount does not necessarily reflect actual future cash flows because the firm may syndicate portions of these commitments. In addition, commitments can expire unused or be reduced or cancelled at the counterparty’s request. The firm also provides credit to consumers by issuing credit card lines and through commitments to provide unsecured installment loans. The table below presents information about lending commitments. As of September December $ in millions 2022 2021 Held for investment $ 216,644 $ 197,120 Held for sale 4,820 13,175 At fair value 1,473 1,257 Total $ 222,937 $ 211,552 In the table above: • Held for investment lending commitments are accounted for at amortized cost. The carrying value of lending commitments was a liability of $958 million (including allowance for credit losses of $739 million) as of September 2022 and $1.05 billion (including allowance for credit losses of $776 million) as of December 2021. The estimated fair value of such lending commitments was a liability of $6.70 billion as of September 2022 and $4.17 billion as of December 2021. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $4.00 billion as of September 2022 and $1.91 billion as of December 2021 would have been classified in level 2, and $2.70 billion as of September 2022 and $2.26 billion as of December 2021 would have been classified in level 3. • Held for sale lending commitments are accounted for at the lower of cost or fair value. The carrying value of lending commitments held for sale was a liability of $130 million as of September 2022 and $91 million as of December 2021. The estimated fair value of such lending commitments approximates the carrying value. Had these lending commitments been included in the fair value hierarchy, they would have been primarily classified in level 3 as of both September 2022 and December 2021. • Gains or losses related to lending commitments at fair value, if any, are generally recorded net of any fees in other principal transactions. Commercial Lending. The firm’s commercial lending commitments were primarily extended to investment-grade corporate borrowers. Such commitments primarily included $123.83 billion as of September 2022 and $120.99 billion as of December 2021, related to relationship lending activities (principally used for operating and general corporate purposes), and $10.27 billion as of September 2022 and $21.07 billion as of December 2021, related to other investment banking activities (generally extended for contingent acquisition financing and are often intended to be short-term in nature, as borrowers often seek to replace them with other funding sources). The firm also extends lending commitments in connection with other types of corporate lending, as well as commercial real estate financing. See Note 9 for further information about funded loans. To mitigate the credit risk associated with the firm’s commercial lending activities, the firm obtains credit protection on certain loans and lending commitments through credit default swaps, both single-name and index-based contracts, and through the issuance of credit-linked notes. Warehouse Financing. The firm provides financing to clients who warehouse financial assets. These arrangements are secured by the warehoused assets, primarily consisting of residential real estate, consumer and corporate loans. Consumer. The firm’s consumer lending commitments includes: • Credit card lines issued by the firm to consumers of $60.66 billion as of September 2022 and $33.97 billion as of December 2021. These credit card lines are cancellable by the firm. The increase in credit card lending commitments from December 2021 to September 2022 reflected approximately $15.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio in February 2022. In addition, consumer lending commitments as of December 2021 included a commitment of approximately $2.0 billion to acquire the outstanding credit card loans related to the General Motors co-branded credit card portfolio. • Commitments to provide unsecured installment loans to consumers of $957 million as of September 2022 and $9 million as of December 2021. The increase in these commitments from December 2021 to September 2022 primarily relates to commitments extended in connection with point-of-sale financing. Risk Participations The firm also risk participates certain of its commercial lending commitments to other financial institutions. In the event of a risk participant’s default, the firm will be responsible to fund the borrower. Collateralized Agreement Commitments/ Collateralized Financing Commitments Collateralized agreement commitments includes forward starting resale and securities borrowing agreements, and collateralized financing commitments includes forward starting repurchase and secured lending agreements that settle at a future date, generally within three business days. Collateralized agreement commitments also includes transactions where the firm has entered into commitments to provide contingent financing to its clients and counterparties through resale agreements. The firm’s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused. Investment Commitments Investment commitments includes commitments to invest in private equity, real estate and other assets directly and through funds that the firm raises and manages. Investment commitments included $1.34 billion as of September 2022 and $1.60 billion as of December 2021, related to commitments to invest in funds managed by the firm. If these commitments are called, they would be funded at market value on the date of investment. Investment commitments as of December 2021 included approximately $1.90 billion related to the firm’s commitment to acquire NNIP and approximately $2.0 billion related to the firm’s commitment to acquire GreenSky. These acquisitions were completed in the first half of 2022. See Note 12 for information about these acquisitions. In addition, as of December 2021, the firm had an undrawn commitment of approximately $600 million (included within other commitments) to GreenSky to acquire loans originated by GreenSky’s bank partners, which was terminated upon completion of the acquisition. Contingencies Legal Proceedings. See Note 27 for information about legal proceedings. Guarantees The table below presents derivatives that meet the definition of a guarantee, securities lending and clearing guarantees and certain other financial guarantees. $ in millions Derivatives Securities Other As of September 2022 Carrying Value of Net Liability $ 7,849 $ — $ 400 Maximum Payout/Notional Amount by Period of Expiration Remainder of 2022 $ 21,519 $ 14,041 $ 499 2023 - 2024 145,915 — 3,757 2025 - 2026 37,383 — 2,376 2027 - thereafter 33,490 — 421 Total $ 238,307 $ 14,041 $ 7,053 As of December 2021 Carrying Value of Net Liability $ 3,406 $ — $ 234 Maximum Payout/Notional Amount by Period of Expiration 2022 $ 68,212 $ 11,046 $ 871 2023 - 2024 48,273 — 3,608 2025 - 2026 19,706 — 2,015 2027 - thereafter 30,006 — 97 Total $ 166,197 $ 11,046 $ 6,591 In the table above: • The maximum payout is based on the notional amount of the contract and does not represent anticipated losses. • Amounts exclude certain commitments to issue standby letters of credit that are included in lending commitments. See the tables in “Commitments” above for a summary of the firm’s commitments. • The carrying value for derivatives included derivative assets of $682 million as of September 2022 and $1.10 billion as of December 2021, and derivative liabilities of $8.53 billion as of September 2022 and $4.51 billion as of December 2021. Derivative Guarantees. The firm enters into various derivatives that meet the definition of a guarantee under U.S. GAAP, including written equity and commodity put options, written currency contracts and interest rate caps, floors and swaptions. These derivatives are risk managed together with derivatives that do not meet the definition of a guarantee, and therefore the amounts in the table above do not reflect the firm’s overall risk related to derivative activities. Disclosures about derivatives are not required if they may be cash settled and the firm has no basis to conclude it is probable that the counterparties held the underlying instruments at the inception of the contract. The firm has concluded that these conditions have been met for certain large, internationally active commercial and investment bank counterparties, central clearing counterparties, hedge funds and certain other counterparties. Accordingly, the firm has not included such contracts in the table above. See Note 7 for information about credit derivatives that meet the definition of a guarantee, which are not included in the table above. Derivatives are accounted for at fair value and therefore the carrying value is considered the best indication of payment/performance risk for individual contracts. However, the carrying values in the table above exclude the effect of counterparty and cash collateral netting. Securities Lending and Clearing Guarantees . Securities lending and clearing guarantees include the indemnifications and guarantees that the firm provides in its capacity as an agency lender and in its capacity as a sponsoring member of the Fixed Income Clearing Corporation. As an agency lender, the firm indemnifies most of its securities lending customers against losses incurred in the event that borrowers do not return securities and the collateral held is insufficient to cover the market value of the securities borrowed. The maximum payout of such indemnifications was $14.04 billion as of September 2022 and $11.05 billion as of December 2021. Collateral held by the lenders in connection with securities lending indemnifications was $14.50 billion as of September 2022 and $11.36 billion as of December 2021. Because the contractual nature of these arrangements requires the firm to obtain collateral with a market value that exceeds the value of the securities lent to the borrower, there is minimal performance risk associated with these indemnifications. As a sponsoring member of the Government Securities Division of the Fixed Income Clearing Corporation, the firm guarantees the performance of its sponsored member clients to the Fixed Income Clearing Corporation in connection with certain resale and repurchase agreements. To minimize potential losses on such guarantees, the firm obtains a security interest in the collateral that the sponsored client placed with the Fixed Income Clearing Corporation. Therefore, the risk of loss on such guarantees is minimal. There were no amounts outstanding under the guarantee as of both September 2022 and December 2021. Other Financial Guarantees . In the ordinary course of business, the firm provides other financial guarantees of the obligations of third parties (e.g., standby letters of credit and other guarantees to enable clients to complete transactions and fund-related guarantees). These guarantees represent obligations to make payments to beneficiaries if the guaranteed party fails to fulfill its obligation under a contractual arrangement with that beneficiary. Other financial guarantees also include a guarantee that the firm has provided to the Government of Malaysia that it will receive, by August 2025, at least $1.4 billion in assets and proceeds from assets seized by governmental authorities around the world related to 1Malaysia Development Berhad, a sovereign wealth fund in Malaysia (1MDB). In connection with this guarantee, the firm is also required to make a one-time interim payment of $250 million towards the $1.4 billion if the Government of Malaysia has not received at least $500 million in assets and proceeds by August 2022. The firm considers the reports that it receives on a semi-annual basis, expected in February and August, in evaluating the progress of Malaysia’s recovery efforts. In the latest report as of August 2022, the Government of Malaysia unilaterally reduced the value of one asset previously included in its prior reports by $80 million and declined to include substantial additional assets in its accounting of assets and proceeds recovered. The firm and the Government of Malaysia disagree about, and continue to discuss, whether the Government of Malaysia did, in fact, recover at least $500 million as of August 2022 and whether any interim payment was due. Pursuant to their August 2020 agreement, the parties have a three-month period to try to resolve this dispute, which has commenced. If the parties are unable to reach such a resolution, this dispute would be settled by arbitration. Any amounts paid by the firm would, in any event, be subject to reimbursement in the event the assets and proceeds received by the Government of Malaysia through August 18, 2028 exceed $1.4 billion. See Note 27 for further information about matters related to 1MDB. Guarantees of Securities Issued by Trusts. The firm has established trusts, including Goldman Sachs Capital I, Goldman Sachs Capital II and Goldman Sachs Capital III (the Trusts), and other entities, for the limited purpose of issuing securities to third parties, lending the proceeds to the firm and entering into contractual arrangements with the firm and third parties related to this purpose. The firm does not consolidate these entities. See Notes 14 and 19 for further information about the transactions involving the Trusts. The firm effectively provides for the full and unconditional guarantee of the securities issued by these entities. Timely payment by the firm of amounts due to these entities under the guarantee, borrowing, preferred stock and related contractual arrangements will be sufficient to cover payments due on the securities issued by these entities. No subsidiary of Group Inc. guarantees the securities of the Trusts. Management believes that it is unlikely that any circumstances will occur, such as nonperformance on the part of paying agents or other service providers, that would make it necessary for the firm to make payments related to these entities other than those required under the terms of the guarantee, borrowing, preferred stock and related contractual arrangements and in connection with certain expenses incurred by these entities. Indemnities and Guarantees of Service Providers. In the ordinary course of business, the firm indemnifies and guarantees certain service providers, such as clearing and custody agents, trustees and administrators, against specified potential losses in connection with their acting as an agent of, or providing services to, the firm or its affiliates. The firm may also be liable to some clients or other parties for losses arising from its custodial role or caused by acts or omissions of third-party service providers, including sub-custodians and third-party brokers. In certain cases, the firm has the right to seek indemnification from these third-party service providers for certain relevant losses incurred by the firm. In addition, the firm is a member of payment, clearing and settlement networks, as well as securities exchanges around the world that may require the firm to meet the obligations of such networks and exchanges in the event of member defaults and other loss scenarios. In connection with the firm’s prime brokerage and clearing businesses, the firm agrees to clear and settle transactions entered into by clients with other brokerage firms. The firm’s obligations in respect of such transactions are secured by the assets in the client’s account and proceeds received from the transactions cleared and settled by the firm on behalf of the client. In connection with joint venture investments, the firm may issue loan guarantees under which it may be liable in the event of fraud, misappropriation, environmental liabilities and other matters involving the borrower. The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications. However, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated balance sheets as of both September 2022 and December 2021. Other Representations, Warranties and Indemnifications. The firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The firm may also provide indemnifications protecting against changes in or adverse application of certain U.S. tax laws in connection with ordinary-course transactions, such as securities issuances, borrowings or derivatives. In addition, the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld, due either to a change in or an adverse application of certain non-U.S. tax laws. These indemnifications generally are standard contractual terms and are entered into in the ordinary course of business. Generally, there are no stated or notional amounts included in these indemnifications, and the contingencies triggering the obligation to indemnify are not expected to occur. The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications. However, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these arrangements have been recognized in the consolidated balance sheets as of both September 2022 and December 2021.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Equity As of both September 2022 and December 2021, the firm had 4.00 billion authorized shares of common stock and 200 million authorized shares of nonvoting common stock, each with a par value of $0.01 per share. During the first quarter of 2022, in connection with the acquisition of GreenSky, the firm issued approximately 5.5 million shares of common stock, including approximately 325,000 shares subject to future service. The firm’s share repurchase program is intended to help maintain the appropriate level of common equity. The share repurchase program is effected primarily through regular open-market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 and accelerated share repurchases), the amounts and timing of which are determined primarily by the firm’s current and projected capital position, and capital deployment opportunities, but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm’s common stock. The table below presents information about common stock repurchases. Three Months Nine Months in millions, except per share amounts 2022 2021 2022 2021 Common share repurchases 3.0 2.5 5.9 14.1 Average cost per share $ 332.32 $ 395.28 $ 337.32 $ 333.61 Total cost of common share repurchases $ 1,000 $ 1,000 $ 2,000 $ 4,700 Pursuant to the terms of certain share-based compensation plans, employees may remit shares to the firm or the firm may cancel share-based awards to satisfy statutory employee tax withholding requirements. Under these plans, during the nine months ended September 2022, 11,644 shares were remitted with a total value of $4 million and the firm cancelled 4.6 million share-based awards with a total value of $1.59 billion. The table below presents common stock dividends declared. Three Months Nine Months 2022 2021 2022 2021 Dividends declared per common share $ 2.50 $ 2.00 $ 6.50 $ 4.50 On October 17, 2022, the Board of Directors of Group Inc. (Board) declared a dividend of $2.50 per common share to be paid on December 29, 2022 to common shareholders of record on December 1, 2022. Preferred Equity The tables below present information about the perpetual preferred stock issued and outstanding as of September 2022. Series Shares Shares Shares Depositary Shares A 50,000 30,000 29,999 1,000 C 25,000 8,000 8,000 1,000 D 60,000 54,000 53,999 1,000 E 17,500 7,667 7,667 N/A F 5,000 1,615 1,615 N/A J 46,000 40,000 40,000 1,000 K 32,200 28,000 28,000 1,000 O 26,000 26,000 26,000 25 P 66,000 60,000 60,000 25 Q 20,000 20,000 20,000 25 R 24,000 24,000 24,000 25 S 14,000 14,000 14,000 25 T 27,000 27,000 27,000 25 U 30,000 30,000 30,000 25 V 30,000 30,000 30,000 25 Total 472,700 400,282 400,280 Series Earliest Redemption Date Liquidation Redemption Value ($ in millions) A Currently redeemable $ 25,000 $ 750 C Currently redeemable $ 25,000 200 D Currently redeemable $ 25,000 1,350 E Currently redeemable $ 100,000 767 F Currently redeemable $ 100,000 161 J May 10, 2023 $ 25,000 1,000 K May 10, 2024 $ 25,000 700 O November 10, 2026 $ 25,000 650 P November 10, 2022 $ 25,000 1,500 Q August 10, 2024 $ 25,000 500 R February 10, 2025 $ 25,000 600 S February 10, 2025 $ 25,000 350 T May 10, 2026 $ 25,000 675 U August 10, 2026 $ 25,000 750 V November 10, 2026 $ 25,000 750 Total $ 10,703 In the tables above: • All shares have a par value of $0.01 per share and, where applicable, each share is represented by the specified number of depositary shares. • The earliest redemption date represents the date on which each share of non-cumulative preferred stock is redeemable at the firm’s option. • Prior to redeeming preferred stock, the firm must receive approval from the FRB. • The redemption price per share for Series A through F and Series Q through V Preferred Stock is the liquidation preference plus declared and unpaid dividends. The redemption price per share for Series J through P Preferred Stock is the liquidation preference plus accrued and unpaid dividends. • All series of preferred stock are pari passu and have a preference over the firm’s common stock on liquidation. • The firm’s ability to declare or pay dividends on, or purchase, redeem or otherwise acquire, its common stock is subject to certain restrictions in the event that the firm fails to pay or set aside full dividends on the preferred stock for the latest completed dividend period. • Series E and Series F Preferred Stock are held by Goldman Sachs Capital II and Goldman Sachs Capital III, respectively. These trusts are Delaware statutory trusts sponsored by the firm and wholly-owned finance subsidiaries of the firm for regulatory and legal purposes but are not consolidated for accounting purposes. In the first half of 2021, the firm redeemed all outstanding shares of its (i) Series N 6.30% Non-Cumulative Preferred Stock with a redemption value of $675 million ($25,000 per share), plus accrued and unpaid dividends and (ii) Series M 5.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock with a redemption value of $2 billion ($25,000 per share), plus accrued and unpaid dividends. The difference between the redemption value and net carrying value at the time of these redemptions was $41 million, which was recorded as an addition to preferred stock dividends in the first half of 2021. The table below presents the dividend rates of perpetual preferred stock as of September 2022. Series Per Annum Dividend Rate A 3 month LIBOR + 0.75%, with floor of 3.75%, payable quarterly C 3 month LIBOR + 0.75%, with floor of 4.00%, payable quarterly D 3 month LIBOR + 0.67%, with floor of 4.00%, payable quarterly E 3 month LIBOR + 0.7675%, with floor of 4.00%, payable quarterly F 3 month LIBOR + 0.77%, with floor of 4.00%, payable quarterly J 5.50% to, but excluding, May 10, 2023; K 6.375% to, but excluding, May 10, 2024; O 5.30%, payable semi-annually, from issuance date to, but excluding, November 10, 2026; 3 month LIBOR + 3.834%, payable quarterly, thereafter P 5.00%, payable semi-annually, from issuance date to, but excluding, November 10, 2022; 3 month LIBOR + 2.874%, payable quarterly, thereafter Q 5.50%, payable semi-annually, from issuance date to, but excluding, August 10, 2024; 5 year treasury rate + 3.623%, payable semi-annually, thereafter R 4.95%, payable semi-annually, from issuance date to, but excluding, February 10, 2025; 5 year treasury rate + 3.224%, payable semi-annually, thereafter S 4.40%, payable semi-annually, from issuance date to, but excluding, February 10, 2025; 5 year treasury rate + 2.85%, payable semi-annually thereafter T 3.80%, payable semi-annually, from issuance date to, but excluding, May 10, 2026; 5 year treasury rate + 2.969%, payable semi-annually, thereafter U 3.65%, payable semi-annually, from issuance date to, but excluding, August 10, 2026; 5 year treasury rate + 2.915%, payable semi-annually, thereafter V 4.125%, payable semi-annually, from issuance date to, but excluding, November 10, 2026; 5 year treasury rate + 2.949%, payable semi-annually, thereafter In the table above, dividends on each series of preferred stock are payable in arrears for the periods specified. The table below presents preferred stock dividends declared. 2022 2021 Series per share $ in millions per share $ in millions Three Months Ended September A $ 239.58 $ 7 $ 239.58 $ 7 C $ 255.56 2 $ 255.56 2 D $ 255.56 14 $ 255.56 14 E $ 1,022.22 7 $ 1,022.22 8 F $ 1,022.22 2 $ 1,022.22 2 J $ 343.75 13 $ 343.75 14 K $ 398.44 11 $ 398.44 11 Q $ 687.50 14 $ 687.50 14 R $ 618.75 15 $ 618.75 15 S $ 550.00 8 $ 550.00 7 U $ 456.25 14 $ — — Total $ 107 $ 94 Nine Months Ended September A $ 710.93 $ 21 $ 710.93 $ 21 C $ 758.34 6 $ 758.34 6 D $ 758.34 41 $ 758.34 41 E $ 3,044.44 23 $ 3,044.44 23 F $ 3,044.44 5 $ 3,044.44 5 J $ 1,031.25 41 $ 1,031.25 41 K $ 1,195.32 33 $ 1,195.32 33 N $ — — $ 787.50 19 O $ 662.50 17 $ 662.50 17 P $ 625.00 38 $ 625.00 38 Q $ 1,375.00 28 $ 1,375.00 28 R $ 1,237.50 30 $ 1,237.50 30 S $ 1,100.00 16 $ 1,100.00 15 T $ 475.00 13 $ — — U $ 942.92 28 $ — — V $ 547.14 16 $ — — Total $ 356 $ 317 On October 10, 2022, Group Inc. declared dividends of $239.58 per share of Series A Preferred Stock, $255.56 per share of Series C Preferred Stock, $255.56 per share of Series D Preferred Stock, $343.75 per share of Series J Preferred Stock, $398.44 per share of Series K Preferred Stock, $662.50 per share of Series O Preferred Stock, $625.00 per share of Series P Preferred Stock, $475.00 per share of Series T Preferred Stock and $515.63 per share of Series V Preferred Stock to be paid on November 10, 2022 to preferred shareholders of record on October 26, 2022. In addition, the firm declared dividends of $1,011.11 per share of Series E Preferred Stock and $1,011.11 per share of Series F Preferred Stock to be paid on December 1, 2022 to preferred shareholders of record on November 16, 2022. Accumulated Other Comprehensive Income/(Loss) The table below presents changes in accumulated other comprehensive income/(loss), net of tax, by type. $ in millions Beginning Other Ending Three Months Ended September 2022 Currency translation $ (769) $ 26 $ (743) Debt valuation adjustment 1,417 673 2,090 Pension and postretirement liabilities (315) (2) (317) Available-for-sale securities (2,287) (615) (2,902) Total $ (1,954) $ 82 $ (1,872) Three Months Ended September 2021 Currency translation $ (712) $ (20) $ (732) Debt valuation adjustment (735) 67 (668) Pension and postretirement liabilities (361) — (361) Available-for-sale securities (81) (114) (195) Total $ (1,889) $ (67) $ (1,956) Nine Months Ended September 2022 Currency translation $ (738) $ (5) $ (743) Debt valuation adjustment (511) 2,601 2,090 Pension and postretirement liabilities (327) 10 (317) Available-for-sale securities (492) (2,410) (2,902) Total $ (2,068) $ 196 $ (1,872) Nine Months Ended September 2021 Currency translation $ (696) $ (36) $ (732) Debt valuation adjustment (833) 165 (668) Pension and postretirement liabilities (368) 7 (361) Available-for-sale securities 463 (658) (195) Total $ (1,434) $ (522) $ (1,956)

Regulation and Capital Adequacy

Regulation and Capital Adequacy	9 Months Ended
	Sep. 30, 2022
Regulation And Capital Adequacy [Abstract]
Regulation and Capital Adequacy	Regulation and Capital Adequacy The FRB is the primary regulator of Group Inc., a bank holding company under the U.S. Bank Holding Company Act of 1956 and a financial holding company under amendments to this Act. The firm is subject to consolidated regulatory capital requirements which are calculated in accordance with the regulations of the FRB (Capital Framework). The capital requirements are expressed as risk-based capital and leverage ratios that compare measures of regulatory capital to risk-weighted assets (RWAs), average assets and off-balance sheet exposures. Failure to comply with these capital requirements would result in restrictions being imposed by the firm’s regulators and could limit the firm’s ability to repurchase shares, pay dividends and make certain discretionary compensation payments. The firm’s capital levels are also subject to qualitative judgments by the regulators about components of capital, risk weightings and other factors. Furthermore, certain of the firm’s subsidiaries are subject to separate regulations and capital requirements. Capital Framework The regulations under the Capital Framework are largely based on the Basel Committee on Banking Supervision’s (Basel Committee) capital framework for strengthening international capital standards (Basel III) and also implement certain provisions of the Dodd-Frank Act. Under the Capital Framework, the firm is an “Advanced approaches” banking organization and has been designated as a global systemically important bank (G-SIB). The Capital Framework includes the minimum risk-based capital and the capital conservation buffer requirements. The buffer must consist entirely of capital that qualifies as Common Equity Tier 1 (CET1) capital. The firm calculates its CET1 capital, Tier 1 capital and Total capital ratios in accordance with both the Standardized and Advanced Capital Rules. Each of the ratios calculated under the Standardized and Advanced Capital Rules must meet its respective capital requirements. Under the Capital Framework, the firm is also subject to leverage requirements which consist of a minimum Tier 1 leverage ratio and a minimum supplementary leverage ratio (SLR), as well as the SLR buffer. Consolidated Regulatory Capital Requirements Risk-Based Capital Ratios. The table below presents the risk-based capital requirements. Standardized Advanced CET1 capital ratio 13.4 % 9.5 % Tier 1 capital ratio 14.9 % 11.0 % Total capital ratio 16.9 % 13.0 % In the table above: • Under both the Standardized and Advanced Capital Rules, the CET1 capital ratio requirement includes a minimum of 4.5%, the Tier 1 capital ratio requirement includes a minimum of 6.0% and the Total capital ratio requirement includes a minimum of 8.0%. These requirements also include the capital conservation buffer requirements, consisting of the G-SIB surcharge of 2.5% (Method 2) and the countercyclical capital buffer, which the FRB has set to zero percent. In addition, the capital conservation buffer requirements include the stress capital buffer (SCB) of 6.4% under the Standardized Capital Rules and a buffer of 2.5% under the Advanced Capital Rules. • The G-SIB surcharge is updated annually based on financial data from the prior year and is generally applicable for the following year. The G-SIB surcharge is calculated using two methodologies, the higher of which is reflected in the firm’s risk-based capital requirements. The first calculation (Method 1) is based on the Basel Committee’s methodology which, among other factors, relies upon measures of the size, activity and complexity of each G-SIB. The second calculation (Method 2) uses similar inputs but includes a measure of reliance on short-term wholesale funding. Based on the firm’s 2022 Comprehensive Capital Analysis and Review (CCAR) submission, the FRB has set the SCB for the firm at 6.3% under the Standardized Capital Rules for the period from October 1, 2022 through September 30, 2023. The table below presents information about risk-based capital ratios. $ in millions Standardized Advanced As of September 2022 CET1 capital $ 98,707 $ 98,707 Tier 1 capital $ 109,214 $ 109,214 Tier 2 capital $ 15,599 $ 12,555 Total capital $ 124,813 $ 121,769 RWAs $ 688,566 $ 675,075 CET1 capital ratio 14.3 % 14.6 % Tier 1 capital ratio 15.9 % 16.2 % Total capital ratio 18.1 % 18.0 % As of December 2021 CET1 capital $ 96,254 $ 96,254 Tier 1 capital $ 106,766 $ 106,766 Tier 2 capital $ 14,636 $ 12,051 Total capital $ 121,402 $ 118,817 RWAs $ 676,863 $ 647,921 CET1 capital ratio 14.2 % 14.9 % Tier 1 capital ratio 15.8 % 16.5 % Total capital ratio 17.9 % 18.3 % Leverage Ratios. The table below presents the leverage requirements. Requirements Tier 1 leverage ratio 4.0 % SLR 5.0 % In the table above, the SLR requirement of 5% includes a minimum of 3% and a 2% buffer applicable to G-SIBs. The table below presents information about leverage ratios. For the Three Months Ended or as of September December $ in millions 2022 2021 Tier 1 capital $ 109,214 $ 106,766 Average total assets $ 1,581,084 $ 1,466,770 Deductions from Tier 1 capital (8,333) (4,583) Average adjusted total assets 1,572,751 1,462,187 Off-balance sheet and other exposures 382,549 448,334 Total leverage exposure $ 1,955,300 $ 1,910,521 Tier 1 leverage ratio 6.9 % 7.3% SLR 5.6 % 5.6% In the table above: • Average total assets represents the average daily assets for the quarter adjusted for the impact of Current Expected Credit Losses (CECL) transition. • Off-balance sheet and other exposures primarily includes the monthly average of off-balance sheet exposures, consisting of derivatives, securities financing transactions, commitments and guarantees. • Tier 1 leverage ratio is calculated as Tier 1 capital divided by average adjusted total assets. • SLR is calculated as Tier 1 capital divided by total leverage exposure. Risk-Based Capital. The table below presents information about risk-based capital. As of September December $ in millions 2022 2021 Common shareholders’ equity $ 108,587 $ 99,223 Impact of CECL transition 829 1,105 Deduction for goodwill (5,606) (3,610) Deduction for identifiable intangible assets (1,717) (401) Other adjustments (3,386) (63) CET1 capital 98,707 96,254 Preferred stock 10,703 10,703 Deduction for investments in covered funds (193) (189) Other adjustments (3) (2) Tier 1 capital $ 109,214 $ 106,766 Standardized Tier 2 and Total capital Tier 1 capital $ 109,214 $ 106,766 Qualifying subordinated debt 11,011 11,554 Junior subordinated debt — 94 Allowance for credit losses 4,598 3,034 Other adjustments (10) (46) Standardized Tier 2 capital 15,599 14,636 Standardized Total capital $ 124,813 $ 121,402 Advanced Tier 2 and Total capital Tier 1 capital $ 109,214 $ 106,766 Standardized Tier 2 capital 15,599 14,636 Allowance for credit losses (4,598) (3,034) Other adjustments 1,554 449 Advanced Tier 2 capital 12,555 12,051 Advanced Total capital $ 121,769 $ 118,817 In the table above: • Beginning in January 2022, the firm started to phase in the estimated reduction to regulatory capital as a result of adopting the CECL model. Impact of CECL transition in the table above reflects the total amount of reduction of $1.11 billion as of December 2021 to be phased in through January 2025 (at 25% per year), of which $276 million was phased in on January 1, 2022. The total amount to be phased in includes the impact of adopting CECL as of January 1, 2020, as well as 25% of the increase in the allowance for credit losses from January 1, 2020 through December 31, 2021. • Deduction for goodwill was net of deferred tax liabilities of $682 million as of September 2022 and $675 million as of December 2021. • Deduction for identifiable intangible assets was net of deferred tax liabilities of $246 million as of September 2022 and $17 million as of December 2021. • Deduction for investments in covered funds represents the firm’s aggregate investments in applicable covered funds. As of December 2021, this deduction excluded investments that were subject to an extended conformance period. See Note 8 for further information about the Volcker Rule. • Other adjustments within CET1 capital and Tier 1 capital primarily include credit valuation adjustments on derivative liabilities, the overfunded portion of the firm’s defined benefit pension plan obligation net of associated deferred tax liabilities, disallowed deferred tax assets, debt valuation adjustments and other required credit risk-based deductions. Other adjustments within Advanced Tier 2 capital include eligible credit reserves. • Qualifying subordinated debt is subordinated debt issued by Group Inc. with an original maturity of five years or greater. The outstanding amount of subordinated debt qualifying for Tier 2 capital is reduced upon reaching a remaining maturity of five years. See Note 14 for further information about the firm’s subordinated debt. • Junior subordinated debt is debt issued to a Trust and was fully phased out of regulatory capital on January 1, 2022. As of December 2021, 10% of this debt was included in Tier 2 capital and 90% was phased out of regulatory capital. Junior subordinated debt is reduced by the amount of Trust Preferred securities purchased by the firm. See Note 14 for further information about the firm’s junior subordinated debt and Trust Preferred securities. The table below presents changes in CET1 capital, Tier 1 capital and Tier 2 capital. $ in millions Standardized Advanced Nine Months Ended September 2022 CET1 capital Beginning balance $ 96,254 $ 96,254 Change in: Common shareholders’ equity 9,364 9,364 Impact of CECL transition (276) (276) Deduction for goodwill (1,996) (1,996) Deduction for identifiable intangible assets (1,316) (1,316) Other adjustments (3,323) (3,323) Ending balance $ 98,707 $ 98,707 Tier 1 capital Beginning balance $ 106,766 $ 106,766 Change in: CET1 capital 2,453 2,453 Deduction for investments in covered funds (4) (4) Other adjustments (1) (1) Ending balance 109,214 109,214 Tier 2 capital Beginning balance 14,636 12,051 Change in: Qualifying subordinated debt (543) (543) Junior subordinated debt (94) (94) Allowance for credit losses 1,564 — Other adjustments 36 1,141 Ending balance 15,599 12,555 Total capital $ 124,813 $ 121,769 Year Ended December 2021 CET1 capital Beginning balance $ 81,641 $ 81,641 Change in: Common shareholders’ equity 14,494 14,494 Impact of CECL transition (21) (21) Deduction for goodwill 42 42 Deduction for identifiable intangible assets 200 200 Other adjustments (102) (102) Ending balance $ 96,254 $ 96,254 Tier 1 capital Beginning balance $ 92,730 $ 92,730 Change in: CET1 capital 14,613 14,613 Deduction for investments in covered funds (83) (83) Preferred stock (500) (500) Other adjustments 6 6 Ending balance 106,766 106,766 Tier 2 capital Beginning balance 15,424 13,279 Change in: Qualifying subordinated debt (642) (642) Junior subordinated debt (94) (94) Allowance for credit losses (61) — Other adjustments 9 (492) Ending balance 14,636 12,051 Total capital $ 121,402 $ 118,817 RWAs. RWAs are calculated in accordance with both the Standardized and Advanced Capital Rules. Credit Risk Credit RWAs are calculated based on measures of exposure, which are then risk weighted under the Standardized and Advanced Capital Rules: • The Standardized Capital Rules apply prescribed risk-weights, which depend largely on the type of counterparty. The exposure measures for derivatives and securities financing transactions are based on specific formulas which take certain factors into consideration. • Under the Advanced Capital Rules, the firm computes risk-weights for wholesale and retail credit exposures in accordance with the Advanced Internal Ratings-Based approach. The exposure measures for derivatives and securities financing transactions are computed utilizing internal models. • For both Standardized and Advanced credit RWAs, the risk-weights for securitizations and equities are based on specific required formulaic approaches. Market Risk RWAs for market risk in accordance with the Standardized and Advanced Capital Rules are generally consistent. Market RWAs are calculated based on measures of exposure which include the following: • Value-at-Risk (VaR) is the potential loss in value of trading assets and liabilities, as well as certain investments, loans, and other financial assets and liabilities accounted for at fair value, due to adverse market movements over a defined time horizon with a specified confidence level. For both risk management purposes and regulatory capital calculations, the firm uses a single VaR model which captures risks, including those related to interest rates, equity prices, currency rates and commodity prices. However, VaR used for risk management purposes differs from VaR used for regulatory capital requirements (regulatory VaR) due to differences in time horizons, confidence levels and the scope of positions on which VaR is calculated. For risk management purposes, a 95% one-day VaR is used, whereas for regulatory capital requirements, a 99% 10-day VaR is used to determine Market RWAs and a 99% one-day VaR is used to determine regulatory VaR exceptions. In addition, the daily net revenues used to determine risk management VaR exceptions (i.e., comparing the daily net revenues to the VaR measure calculated as of the end of the prior business day) include intraday activity, whereas the Capital Framework requires that intraday activity be excluded from daily net revenues when calculating regulatory VaR exceptions. Intraday activity includes bid/offer net revenues, which are more likely than not to be positive by their nature. As a result, there may be differences in the number of VaR exceptions and the amount of daily net revenues calculated for regulatory VaR compared to the amounts calculated for risk management VaR. The firm’s positional losses observed on a single day exceeded its 99% one-day regulatory VaR on one occasion during each of the nine months ended September 2022 and the year ended 2021. There was no change in the firm’s VaR multiplier used to calculate Market RWAs; • Stressed VaR is the potential loss in value of trading assets and liabilities, as well as certain investments, loans, and other financial assets and liabilities accounted for at fair value, during a period of significant market stress; • Incremental risk is the potential loss in value of non-securitized positions due to the default or credit migration of issuers of financial instruments over a one-year time horizon; • Comprehensive risk is the potential loss in value, due to price risk and defaults, within the firm’s credit correlation positions; and • Specific risk is the risk of loss on a position that could result from factors other than broad market movements, including event risk, default risk and idiosyncratic risk. The standardized measurement method is used to determine specific risk RWAs, by applying supervisory defined risk-weighting factors after applicable netting is performed. Operational Risk Operational RWAs are only required to be included under the Advanced Capital Rules. The firm utilizes an internal risk-based model to quantify Operational RWAs. The table below presents information about RWAs. $ in millions Standardized Advanced As of September 2022 Credit RWAs Derivatives $168,177 $122,589 Commitments, guarantees and loans 242,565 179,657 Securities financing transactions 77,807 22,339 Equity investments 31,527 33,165 Other 81,992 96,202 Total Credit RWAs 602,068 453,952 Market RWAs Regulatory VaR 22,156 22,156 Stressed VaR 36,208 36,208 Incremental risk 9,324 9,324 Comprehensive risk 3,485 3,485 Specific risk 15,325 15,325 Total Market RWAs 86,498 86,498 Total Operational RWAs — 134,625 Total RWAs $688,566 $675,075 As of December 2021 Credit RWAs Derivatives $175,628 $109,532 Commitments, guarantees and loans 233,639 182,210 Securities financing transactions 76,346 14,407 Equity investments 43,256 45,582 Other 71,485 86,768 Total Credit RWAs 600,354 438,499 Market RWAs Regulatory VaR 13,510 13,510 Stressed VaR 38,922 38,922 Incremental risk 6,867 6,867 Comprehensive risk 2,521 2,521 Specific risk 14,689 14,689 Total Market RWAs 76,509 76,509 Total Operational RWAs — 132,913 Total RWAs $676,863 $647,921 In the table above: • Securities financing transactions represents resale and repurchase agreements and securities borrowed and loaned transactions. • Other includes receivables, certain debt securities, cash and cash equivalents, and other assets. The table below presents changes in RWAs. $ in millions Standardized Advanced Nine Months Ended September 2022 RWAs Beginning balance $676,863 $647,921 Credit RWAs Change in: Derivatives (7,451) 13,057 Commitments, guarantees and loans 8,926 (2,553) Securities financing transactions 1,461 7,932 Equity investments (11,729) (12,417) Other 10,507 9,434 Change in Credit RWAs 1,714 15,453 Market RWAs Change in: Regulatory VaR 8,646 8,646 Stressed VaR (2,714) (2,714) Incremental risk 2,457 2,457 Comprehensive risk 964 964 Specific risk 636 636 Change in Market RWAs 9,989 9,989 Change in Operational RWAs — 1,712 Ending balance $688,566 $675,075 Year Ended December 2021 RWAs Beginning balance $554,162 $609,750 Credit RWAs Change in: Derivatives 55,336 (2,159) Commitments, guarantees and loans 57,138 30,623 Securities financing transactions 4,919 (2,161) Equity investments (3,688) (3,686) Other 1,211 3,169 Change in Credit RWAs 114,916 25,786 Market RWAs Change in: Regulatory VaR (1,403) (1,403) Stressed VaR 6,944 6,944 Incremental risk (1,015) (1,015) Comprehensive risk 763 763 Specific risk 2,496 2,496 Change in Market RWAs 7,785 7,785 Change in Operational RWAs — 4,600 Ending balance $676,863 $647,921 RWAs Rollforward Commentary Nine Months Ended September 2022. Standardized Credit RWAs as of September 2022 increased by $1.71 billion compared with December 2021, primarily reflecting an increase in other credit RWAs (principally due to increased customer and other receivables and other assets) and an increase in commitments, guarantees and loans (principally due to increased lending activity). These increases were partially offset by a decrease in equity investments (principally due to reduced exposures as a result of unrealized losses and sales) and a decrease in derivatives (principally due to reduced exposures). Standardized Market RWAs as of September 2022 increased by $9.99 billion compared with December 2021, primarily reflecting an increase in regulatory VaR (principally due to higher levels of market volatility). Advanced Credit RWAs as of September 2022 increased by $15.45 billion compared with December 2021, primarily reflecting an increase in derivatives (principally due to increased counterparty credit risk), an increase in other credit RWAs (principally due to increased customer and other receivables and other assets) and an increase in securities financing transactions (principally due to increased funding exposures). These increases were partially offset by a decrease in equity investments (principally due to reduced exposures as a result of unrealized losses and sales). Advanced Market RWAs as of September 2022 increased by $9.99 billion compared with December 2021, primarily reflecting an increase in regulatory VaR (principally due to higher levels of market volatility). Advanced Operational RWAs as of September 2022 increased by $1.71 billion compared with December 2021, primarily associated with litigation and regulatory proceedings. Year Ended December 2021. Standardized Credit RWAs as of December 2021 increased by $114.92 billion compared with December 2020, primarily reflecting an increase in commitments, guarantees and loans (principally due to increased lending activity and revisions to certain interpretations of the Capital Rules underlying the RWA calculation based on regulatory feedback) and an increase in derivatives (principally due to increased exposures and the impact of SA-CCR adoption). Standardized Market RWAs as of December 2021 increased by $7.79 billion compared with December 2020, primarily reflecting an increase in stressed VaR (principally due to increased exposures to interest rates). Advanced Credit RWAs as of December 2021 increased by $25.79 billion compared with December 2020, primarily reflecting an increase in commitments, guarantees and loans (principally due to increased lending activity). This increase was partially offset by a decrease in equity investments (principally due to the sale of equity positions). Advanced Market RWAs as of December 2021 increased by $7.79 billion compared with December 2020, primarily reflecting an increase in stressed VaR (principally due to increased exposures to interest rates). Advanced Operational RWAs as of December 2021 increased by $4.60 billion compared with December 2020, primarily associated with litigation and regulatory proceedings. Bank Subsidiaries GS Bank USA. GS Bank USA is the firm’s primary U.S. bank subsidiary. GS Bank USA is an FDIC-insured, New York State-chartered bank and a member of the Federal Reserve System, is supervised and regulated by the FRB, the FDIC, the New York State Department of Financial Services (NYDFS) and the Consumer Financial Protection Bureau, and is subject to regulatory capital requirements that are calculated under the Capital Framework. GS Bank USA is an Advanced approaches banking organization under the Capital Framework. The Capital Framework includes the minimum risk-based capital and the capital conservation buffer requirements (consisting of a 2.5% buffer and the countercyclical capital buffer). The buffer must consist entirely of capital that qualifies as CET1 capital. In addition, the Capital Framework includes the leverage ratio requirement. GS Bank USA is required to calculate the CET1 capital, Tier 1 capital and Total capital ratios in accordance with both the Standardized and Advanced Capital Rules. The lower of each risk-based capital ratio under the Standardized and Advanced Capital Rules is the ratio against which GS Bank USA’s compliance with its risk-based capital requirements is assessed. In addition, under the regulatory framework for prompt corrective action applicable to GS Bank USA, in order to meet the quantitative requirements for a “well-capitalized” depository institution, GS Bank USA must also meet the “well-capitalized” requirements in the table below. GS Bank USA’s capital levels and prompt corrective action classification are also subject to qualitative judgments by the regulators about components of capital, risk weightings and other factors. Failure to comply with the capital requirements, including a breach of the buffers described below, would result in restrictions being imposed by the regulators. The table below presents GS Bank USA’s risk-based capital, leverage and “well-capitalized” requirements. Requirements “Well-capitalized” Risk-based capital requirements CET1 capital ratio 7.0 % 6.5 % Tier 1 capital ratio 8.5 % 8.0 % Total capital ratio 10.5 % 10.0 % Leverage requirements Tier 1 leverage ratio 4.0 % 5.0 % SLR 3.0 % 6.0 % In the table above: • The CET1 capital ratio requirement includes a minimum of 4.5%, the Tier 1 capital ratio requirement includes a minimum of 6.0% and the Total capital ratio requirement includes a minimum of 8.0%. These requirements also include the capital conservation buffer requirements consisting of a 2.5% buffer and the countercyclical capital buffer, which the FRB has set to zero percent. • The “well-capitalized” requirements are the binding requirements for leverage ratios. The table below presents information about GS Bank USA’s risk-based capital ratios. $ in millions Standardized Advanced As of September 2022 CET1 capital $ 45,578 $ 45,578 Tier 1 capital $ 45,578 $ 45,578 Tier 2 capital $ 7,728 $ 5,312 Total capital $ 53,306 $ 50,890 RWAs $ 343,781 $ 261,371 CET1 capital ratio 13.3 % 17.4 % Tier 1 capital ratio 13.3 % 17.4 % Total capital ratio 15.5 % 19.5 % As of December 2021 CET1 capital $ 42,535 $ 42,535 Tier 1 capital $ 42,535 $ 42,535 Tier 2 capital $ 6,430 $ 4,646 Total capital $ 48,965 $ 47,181 RWAs $ 312,601 $ 222,607 CET1 capital ratio 13.6 % 19.1 % Tier 1 capital ratio 13.6 % 19.1 % Total capital ratio 15.7 % 21.2 % In the table above: • The lower of the Standardized or Advanced ratio is the ratio against which GS Bank USA’s compliance with the capital requirements is assessed under the risk-based Capital Rules, and therefore, the Standardized ratios applied to GS Bank USA as of both September 2022 and December 2021. • Beginning in January 2022, GS Bank USA started to phase in the estimated reduction to regulatory capital as a result of adopting the CECL model. The total amount to be phased in includes the impact of adopting CECL as of January 1, 2020, as well as 25% of the increase in the allowance for credit losses from January 1, 2020 through December 31, 2021. • The Standardized and Advanced risk-based capital ratios decreased from December 2021 to September 2022, reflecting an increase in both Credit and Market RWAs, partially offset by an increase in capital, principally due to capital contributions and net earnings. The table below presents information about GS Bank USA’s leverage ratios. For the Three Months Ended or as of September December $ in millions 2022 2021 Tier 1 capital $ 45,578 $ 42,535 Average adjusted total assets $ 506,003 $ 409,739 Total leverage exposure $ 670,832 $ 627,799 Tier 1 leverage ratio 9.0 % 10.4% SLR 6.8 % 6.8 % In the table above: • Average adjusted total assets represents the average daily assets for the quarter adjusted for deductions from Tier 1 capital and the impact of CECL transition. • Tier 1 leverage ratio is calculated as Tier 1 capital divided by average adjusted total assets. • SLR is calculated as Tier 1 capital divided by total leverage exposure. The deposits of GS Bank USA are insured by the FDIC to the extent provided by law. The FRB requires that GS Bank USA maintain cash reserves with the Federal Reserve. As of both September 2022 and December 2021, the reserve requirement ratio was zero percent. The amount deposited by GS Bank USA at the Federal Reserve was $161.28 billion as of September 2022 and $122.01 billion as of December 2021. GS Bank USA is a registered swap dealer with the CFTC and a registered security-based swap dealer with the SEC. As of both September 2022 and December 2021, GS Bank USA was subject to and in compliance with applicable capital requirements for swap dealers and security-based swap dealers. GSIB. GSIB is the firm’s U.K. bank subsidiary regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). GSIB is subject to the U.K. capital framework, which is largely based on Basel III. The table below presents GSIB’s risk-based capital requirements. As of September December 2022 2021 Risk-based capital requirements CET1 capital ratio 9.3 % 8.5 % Tier 1 capital ratio 11.5 % 10.5 % Total capital ratio 14.5 % 13.2 % The table below presents information about GSIB’s risk-based capital ratios. As of September December $ in millions 2022 2021 Risk-based capital and risk-weighted assets CET1 capital $ 3,329 $ 3,408 Tier 1 capital $ 3,329 $ 3,408 Tier 2 capital $ 826 $ 826 Total capital $ 4,155 $ 4,234 RWAs $ 15,542 $ 17,196 Risk-based capital ratios CET1 capital ratio 21.4 % 19.8 % Tier 1 capital ratio 21.4 % 19.8 % Total capital ratio 26.7 % 24.6 % In the table above, the risk-based capital ratios as of September 2022 reflected profits after foreseeable charges that are still subject to verification by GSIB’s external auditors and approval by GSIB’s Board of Directors for inclusion in risk-based capital. These profits contributed approximately 160 basis points to the CET1 capital ratio as of September 2022. The eligible retail deposits of GSIB are covered by the U.K. Financial Services Compensation Scheme to the extent provided by law. GSIB is subject to minimum reserve requirements at the Bank of England. The minimum reserve requirement was $146 million as of September 2022 and $172 million as of December 2021. The amount deposited by GSIB at the Bank of England was $710 million as of September 2022 and $2.20 billion as of December 2021. GSBE. GSBE is the firm’s German bank subsidiary supervised by the European Central Bank, BaFin and Deutsche Bundesbank. GSBE is a non-U.S. banking subsidiary of GS Bank USA and is also subject to standalone regulatory capital requirements noted below. GSBE is subject to the capital requirements prescribed in the amended E.U. Capital Requirements Directive (CRD) and E.U. Capital Requirements Regulation (CRR), which are largely based on Basel III. The table below presents GSBE’s risk-based capital requirements. As of September December 2022 2021 Risk-based capital requirements CET1 capital ratio 9.0 % 8.7 % Tier 1 capital ratio 11.1 % 10.8 % Total capital ratio 13.8 % 13.5 % The table below presents information about GSBE’s risk-based capital ratios. As of September December $ in millions 2022 2021 Risk-based capital and risk-weighted assets CET1 capital $ 8,587 $ 6,527 Tier 1 capital $ 8,587 $ 6,527 Tier 2 capital $ 20 $ 23 Total capital $ 8,607 $ 6,550 RWAs $ 31,440 $ 28,924 Risk-based capital ratios CET1 capital ratio 27.3 % 22.6% Tier 1 capital ratio 27.3 % 22.6% Total capital ratio 27.4 % 22.6% In the table above, the risk-based capital ratios as of September 2022 reflected profits after foreseeable charges that are still subject to verification by GSBE’s external auditors and approval by GSBE’s shareholder (GS Bank USA) for inclusion in risk-based capital. These profits contributed approximately 116 basis points to the CET1 capital ratio as of September 2022. The table below presents GSBE’s leverage ratio requirement and leverage ratios. As of September December 2022 2021 Leverage ratio requirement 3.0 % 3.0 % Leverage ratio 7.8 % 7.6 % In the table above, the leverage ratio as of September 2022 reflected profits after foreseeable charges that are still subject to verification by GSBE’s external auditors and approval by GSBE’s shareholder (GS Bank USA) for inclusion in risk-based capital. These profits contributed approximately 33 basis points to the leverage ratio as of September 2022. The deposits of GSBE are covered by the German statutory deposit protection program to the extent provided by law. In addition, GSBE has elected to participate in the German voluntary deposit protection program which provides insurance for certain eligible deposits not covered by the German statutory deposit program. GSBE is subject to minimum reserve requirements at central banks in certain of the jurisdictions in which it operates. The minimum reserve requirement was $150 million as of September 2022 and $189 million as of December 2021. The amount deposited by GSBE at central banks was $21.56 billion as of September 2022 and $20.36 billion as of December 2021, substantially all of which was deposited with Deutsche Bundesbank. GSBE is a registered swap dealer with the CFTC and a registered security-based swap dealer with the SEC. As of both September 2022 and December 2021, GSBE was subject to and in compliance with applicable capital requirements for swap dealers and security-based swap dealers. Restrictions on Payments Group Inc. may be limited in its ability to access capital held at certain subsidiaries as a result of regulatory, tax or other constraints. These limitations include provisions of applicable law and regulations and other regulatory restrictions that limit the ability of those subsidiaries to declare and pay dividends without prior regulatory approval. For example, the amount of dividends that may be paid by GS Bank USA are limited to the lesser of the amounts calculated under a recent earnings test and an undivided profits test. As a result of dividends paid in connection with the acquisition of GSBE in July 2021, GS Bank USA cannot currently declare any additional dividends without prior regulatory approval. In addition, subsidiaries not subject to separate regulatory capital requirements may hold capital to satisfy local tax and legal guidelines, rating agency requirements (for entities with assigned credit ratings) or internal policies, including policies concerning the minimum amount of capital a subsidiary should hold based on its underlying level of risk. Group Inc.’s equity investment in subsidiaries was $131.99 billion as of September 2022 and $118.90 billion as of December 2021, of which Group Inc. was required to maintain $84.63 billion as of September 2022 and $77.22 billion as of December 2021, of minimum equity capital in its regulated subsid

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share (EPS) is calculated by dividing net earnings to common by the weighted average number of common shares outstanding and RSUs for which the delivery of the underlying common stock is not subject to satisfaction of future service, performance or market conditions (collectively, basic shares). Diluted EPS includes the determinants of basic EPS and, in addition, reflects the dilutive effect of the common stock deliverable for RSUs for which the delivery of the underlying common stock is subject to satisfaction of future service, performance or market conditions. The table below presents information about basic and diluted EPS. Three Months Nine Months in millions, except per share amounts 2022 2021 2022 2021 Net earnings to common $ 2,962 $ 5,284 $ 9,579 $ 17,342 Weighted average basic shares 352.8 348.3 353.0 351.8 Effect of dilutive RSUs 6.4 5.6 5.6 5.1 Weighted average diluted shares 359.2 353.9 358.6 356.9 Basic EPS $ 8.35 $ 15.14 $ 27.03 $ 49.23 Diluted EPS $ 8.25 $ 14.93 $ 26.71 $ 48.59 In the table above: • Net earnings to common represents net earnings applicable to common shareholders, which is calculated as net earnings less preferred stock dividends. • Unvested share-based awards that have non-forfeitable rights to dividends or dividend equivalents are treated as a separate class of securities under the two-class method. Distributed earnings allocated to these securities reduce net earnings to common to calculate EPS under this method. The impact of applying this methodology was a reduction in basic EPS of $0.05 for the three months ended September 2022, $0.03 for the three months ended September 2021, $0.11 for the nine months ended September 2022 and $0.07 for the nine months ended September 2021.

Transactions with Affiliated Fu

Transactions with Affiliated Funds	9 Months Ended
	Sep. 30, 2022
Transactions With Affiliated Funds [Abstract]
Transactions with Affiliated Funds	Transactions with Affiliated Funds The firm has formed nonconsolidated investment funds with third-party investors. As the firm generally acts as the investment manager for these funds, it is entitled to receive management fees and, in certain cases, advisory fees or incentive fees from these funds. Additionally, the firm invests alongside the third-party investors in certain funds. The tables below present information about affiliated funds. Three Months Nine Months $ in millions 2022 2021 2022 2021 Fees earned from funds $ 1,172 $ 1,046 $ 3,422 $ 2,647 As of September December $ in millions 2022 2021 Fees receivable from funds $ 1,187 $ 873 Aggregate carrying value of interests in funds $ 3,784 $ 4,321 The firm has waived, and may waive in the future, certain management fees on selected money market funds to enhance the yield for investors in such funds. Management fees waived were $11 million for the three months ended September 2022, $156 million for the three months ended September 2021, $110 million for the nine months ended September 2022 and $422 million for the nine months ended September 2021. In accordance with the Volcker Rule, the firm does not provide financial support to covered funds. However, in the ordinary course of business, the firm may choose to provide voluntary financial support to funds that are not subject to the Volcker Rule, although any such support is not expected to be material to the results of operations of the firm. Except for the fee waivers noted above, the firm did not provide any additional financial support to its affiliated funds during either the three or nine months ended September 2022 or September 2021.

Interest Income and Interest Ex

Interest Income and Interest Expense	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Interest is recorded over the life of the instrument on an accrual basis based on contractual interest rates. The table below presents sources of interest income and interest expense. Three Months Nine Months $ in millions 2022 2021 2022 2021 Deposits with banks $ 1,107 $ (13) $ 1,392 $ (9) Collateralized agreements 1,542 (220) 1,712 (651) Trading assets 1,334 1,230 3,551 3,553 Investments 578 358 1,433 1,243 Loans 2,487 1,363 5,937 3,878 Other interest 1,502 399 2,588 1,096 Total interest income 8,550 3,117 16,613 9,110 Deposits 1,811 319 2,975 978 Collateralized financings 990 33 1,308 41 Trading liabilities 513 495 1,427 1,240 Short-term borrowings 152 115 333 433 Long-term borrowings 1,503 843 3,433 2,477 Other interest 1,538 (252) 1,533 (734) Total interest expense 6,507 1,553 11,009 4,435 Net interest income $ 2,043 $ 1,564 $ 5,604 $ 4,675 In the table above: • Collateralized agreements includes rebates paid and interest income on securities borrowed. • Loans excludes interest on loans held for sale that are accounted for at the lower of cost or fair value. Such interest is included within other interest. • Other interest income includes interest income on customer debit balances, other interest-earning assets and loans held for sale that are accounted for at the lower of cost or fair value. • Collateralized financings consists of repurchase agreements and securities loaned. • Short- and long-term borrowings include both secured and unsecured borrowings.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities. The firm reports interest expense related to income tax matters in provision for taxes and income tax penalties in other expenses. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce deferred tax assets to the amount that more likely than not will be realized and primarily relate to the ability to utilize losses in various tax jurisdictions. Tax assets are included in other assets and tax liabilities are included in other liabilities. Unrecognized Tax Benefits The firm recognizes tax positions in the consolidated financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement. A liability is established for differences between positions taken in a tax return and amounts recognized in the consolidated financial statements. Regulatory Tax Examinations The firm is subject to examination by the U.S. Internal Revenue Service (IRS) and other taxing authorities in jurisdictions where the firm has significant business operations, such as the United Kingdom, Japan, Hong Kong and various states, such as New York. The tax years under examination vary by jurisdiction. The firm does not expect completion of these audits to have a material impact on the firm’s financial condition, but it may be material to operating results for a particular period, depending, in part, on the operating results for that period. The table below presents the earliest tax years that remain subject to examination by major jurisdiction. As of Jurisdiction September 2022 U.S. Federal 2011 New York State and City 2015 United Kingdom 2017 Japan 2016 Hong Kong 2016 The firm has been accepted into the Compliance Assurance Process program by the IRS for each of the tax years from 2013 through 2022. This program allows the firm to work with the IRS to identify and resolve potential U.S. Federal tax issues before the filing of tax returns. All issues for the 2011 tax year have been resolved and completion is pending final administrative settlement. During April 2022, the firm reached an agreement with IRS Appeals on the remaining issues for tax years 2012 through 2018. Subject to final review by the Joint Committee on Taxation, this agreement will not have a material impact on the effective tax rate for 2022. The 2019 through 2021 tax years remain subject to post-filing review. New York State and City examinations of 2015 through 2018 commenced during 2021. All years, including and subsequent to the years in the table above, remain open to examination by the taxing authorities. The firm believes that the liability for unrecognized tax benefits it has established is adequate in relation to the potential for additional assessments.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Business Segments	Business Segments The firm reports its activities in four business segments: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management. See Note 1 for information about the firm’s business segments. Beginning with the fourth quarter of 2022, consistent with the firm's announced organizational changes that will become effective in December 2022, the firm will make certain changes to its business segments and report its results in the following three business segments: Global Banking & Markets, Asset & Wealth Management and Platform Solutions. Compensation and benefits expenses in the firm’s segments reflect, among other factors, the overall performance of the firm, as well as the performance of individual businesses. Consequently, pre-tax margins in one segment of the firm’s business may be significantly affected by the performance of the firm’s other business segments. The firm allocates assets (including allocations of global core liquid assets and cash, secured client financing and other assets), revenues and expenses among the four business segments. Due to the integrated nature of these segments, estimates and judgments are made in allocating certain assets, revenues and expenses. The allocation process is based on the manner in which management currently views the performance of the segments. The allocation of common shareholders’ equity and preferred stock dividends to each segment is based on the estimated amount of equity required to support the activities of the segment under relevant regulatory capital requirements. Net earnings for each segment is calculated by applying the firmwide tax rate to each segment’s pre-tax earnings. Management believes that this allocation provides a reasonable representation of each segment’s contribution to consolidated net earnings to common, return on average common equity and total assets. Transactions between segments are based on specific criteria or approximate third-party rates. Segment Results The table below presents a summary of the firm’s segment results. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investment Banking Non-interest revenues $ 1,373 $ 3,599 $ 5,661 $ 10,755 Net interest income 203 101 463 325 Total net revenues 1,576 3,700 6,124 11,080 Provision for credit losses 78 41 325 (229) Operating expenses 1,038 1,343 3,391 5,161 Pre-tax earnings $ 460 $ 2,316 $ 2,408 $ 6,148 Net earnings $ 370 $ 1,831 $ 2,001 $ 4,942 Net earnings to common $ 355 $ 1,818 $ 1,950 $ 4,890 Average common equity $ 9,720 $ 10,346 $ 10,649 $ 10,201 Return on average common equity 14.6 % 70.3 % 24.4 % 63.9 % Global Markets Non-interest revenues $ 5,648 $ 4,943 $ 18,770 $ 16,121 Net interest income 553 668 1,770 1,971 Total net revenues 6,201 5,611 20,540 18,092 Provision for credit losses (43) (24) 190 (30) Operating expenses 3,213 2,794 10,340 10,352 Pre-tax earnings $ 3,031 $ 2,841 $ 10,010 $ 7,770 Net earnings $ 2,474 $ 2,244 $ 8,318 $ 6,246 Net earnings to common $ 2,408 $ 2,190 $ 8,102 $ 6,041 Average common equity $ 57,078 $ 46,959 $ 54,842 $ 44,067 Return on average common equity 16.9 % 18.7 % 19.7 % 18.3 % Asset Management Non-interest revenues $ 1,742 $ 2,174 $ 3,107 $ 11,619 Net interest income 79 105 344 406 Total net revenues 1,821 2,279 3,451 12,025 Provision for credit losses 29 10 129 (2) Operating expenses 1,565 823 4,121 4,656 Pre-tax earnings/(loss) $ 227 $ 1,446 $ (799) $ 7,371 Net earnings/(loss) $ 195 $ 1,115 $ (664) $ 5,925 Net earnings/(loss) to common $ 181 $ 1,096 $ (717) $ 5,853 Average common equity $ 24,587 $ 25,788 $ 24,358 $ 25,294 Return on average common equity 2.9 % 17.0 % (3.9) % 30.9 % Consumer & Wealth Management Non-interest revenues $ 1,169 $ 1,328 $ 3,630 $ 3,530 Net interest income 1,208 690 3,027 1,973 Total net revenues 2,377 2,018 6,657 5,503 Provision for credit losses 451 148 1,099 274 Operating expenses 1,888 1,631 5,221 4,499 Pre-tax earnings $ 38 $ 239 $ 337 $ 730 Net earnings $ 30 $ 188 $ 280 $ 587 Net earnings to common $ 18 $ 180 $ 244 $ 558 Average common equity $ 15,925 $ 10,740 $ 14,866 $ 10,475 Return on average common equity 0.5 % 6.7 % 2.2 % 7.1 % Total Non-interest revenues $ 9,932 $ 12,044 $ 31,168 $ 42,025 Net interest income 2,043 1,564 5,604 4,675 Total net revenues 11,975 13,608 36,772 46,700 Provision for credit losses 515 175 1,743 13 Operating expenses 7,704 6,591 23,073 24,668 Pre-tax earnings $ 3,756 $ 6,842 $ 11,956 $ 22,019 Net earnings $ 3,069 $ 5,378 $ 9,935 $ 17,700 Net earnings to common $ 2,962 $ 5,284 $ 9,579 $ 17,342 Average common equity $ 107,310 $ 93,833 $ 104,715 $ 90,037 Return on average common equity 11.0 % 22.5 % 12.2 % 25.7 % In the table above: • Revenues and expenses directly associated with each segment are included in determining pre-tax earnings. • Net revenues in the firm’s segments include allocations of interest income and expense to specific positions in relation to the cash generated by, or funding requirements of, such positions. Net interest is included in segment net revenues as it is consistent with how management assesses segment performance. • Overhead expenses not directly allocable to specific segments are allocated ratably based on direct segment expenses. • The firm reviews and makes any necessary adjustments to attributed equity in January of each year, to reflect, among other things, the results of the latest CCAR process, as well as projected changes in the firm’s balance sheet. The average common equity balances above incorporate such impact, as well as the changes in the size and composition of assets held in each of the firm’s segments that occurred during the respective periods. The table below presents depreciation and amortization expense by segment. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investment Banking $ 49 $ 50 $ 142 $ 144 Global Markets 221 209 665 571 Asset Management 259 153 557 539 Consumer & Wealth Management 137 97 364 273 Total $ 666 $ 509 $ 1,728 $ 1,527 Segment Assets The table below presents assets by segment. As of September December $ in millions 2022 2021 Investment Banking $ 145,563 $ 144,157 Global Markets 1,163,721 1,082,378 Asset Management 85,814 91,115 Consumer & Wealth Management 160,896 146,338 Total $ 1,555,994 $ 1,463,988 Geographic Information Due to the highly integrated nature of international financial markets, the firm manages its businesses based on the profitability of the enterprise as a whole. The methodology for allocating profitability to geographic regions is dependent on estimates and management judgment because a significant portion of the firm’s activities require cross-border coordination in order to facilitate the needs of the firm’s clients. Geographic results are generally allocated as follows: • Investment Banking: location of the client and investment banking team. • Global Markets: FICC and Equities intermediation: location of the market-making desk; FICC and Equities financing (excluding prime brokerage financing): location of the desk; prime brokerage financing: location of the primary market for the underlying security. • Asset Management (excluding Equity investments and Lending and debt investments): location of the sales team; Equity investments: location of the investment; Lending and debt investments: location of the client. • Consumer & Wealth Management: Wealth management: location of the sales team; Consumer banking: location of the client. The table below presents total net revenues and pre-tax earnings by geographic region. $ in millions 2022 2021 Three Months Ended September Americas $ 7,542 63 % $ 8,169 60 % EMEA 3,094 26 % 3,394 25 % Asia 1,339 11 % 2,045 15 % Total net revenues $ 11,975 100 % $ 13,608 100 % Americas $ 2,280 61 % $ 4,004 59 % EMEA 1,235 33 % 1,922 28 % Asia 241 6 % 916 13 % Total pre-tax earnings $ 3,756 100 % $ 6,842 100 % Nine Months Ended September Americas $ 21,975 60 % $ 28,951 62 % EMEA 10,344 28 % 11,585 25 % Asia 4,453 12 % 6,164 13 % Total net revenues $ 36,772 100 % $ 46,700 100 % Americas $ 6,424 54 % $ 13,484 61 % EMEA 4,399 37 % 6,012 27 % Asia 1,133 9 % 2,523 12 % Total pre-tax earnings $ 11,956 100 % $ 22,019 100 % In the table above: • Substantially all of the amounts in Americas were attributable to the U.S.

Credit Concentrations

Credit Concentrations	9 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
Credit Concentrations	Credit Concentrations The firm’s concentrations of credit risk arise from its market-making, client facilitation, investing, underwriting, lending and collateralized transactions, and cash management activities, and may be impacted by changes in economic, industry or political factors. These activities expose the firm to many different industries and counterparties, and may also subject the firm to a concentration of credit risk to a particular central bank, counterparty, borrower or issuer, including sovereign issuers, or to a particular clearing house or exchange. The firm seeks to mitigate credit risk by actively monitoring exposures and obtaining collateral from counterparties as deemed appropriate. The firm measures and monitors its credit exposure based on amounts owed to the firm after taking into account risk mitigants that the firm considers when determining credit risk. Such risk mitigants include netting and collateral arrangements and economic hedges, such as credit derivatives, futures and forward contracts. Netting and collateral agreements permit the firm to offset receivables and payables with such counterparties and/or enable the firm to obtain collateral on an upfront or contingent basis. The table below presents the credit concentrations included in trading cash instruments and investments. As of September December $ in millions 2022 2021 U.S. government and agency obligations $ 185,061 $ 141,191 Percentage of total assets 11.9 % 9.6 % Non-U.S. government and agency obligations $ 71,787 $ 51,426 Percentage of total assets 4.6 % 3.5 % In addition, the firm had $245.63 billion as of September 2022 and $222.20 billion as of December 2021 of cash deposits held at central banks (included in cash and cash equivalents), of which $161.28 billion as of September 2022 and $122.01 billion as of December 2021 was held at the Federal Reserve. As of both September 2022 and December 2021, the firm did not have credit exposure to any other counterparty that exceeded 2% of total assets. Collateral obtained by the firm related to derivative assets is principally cash and is held by the firm or a third-party custodian. Collateral obtained by the firm related to resale agreements and securities borrowed transactions is primarily U.S. government and agency obligations and non-U.S. government and agency obligations. See Note 11 for further information about collateralized agreements and financings. The table below presents U.S. government and agency obligations and non-U.S. government and agency obligations that collateralize resale agreements and securities borrowed transactions. As of September December $ in millions 2022 2021 U.S. government and agency obligations $ 94,016 $ 86,274 Non-U.S. government and agency obligations $ 108,677 $ 141,588 In the table above: • Non-U.S. government and agency obligations primarily consists of securities issued by the governments of the U.K., Japan, Germany and France.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings The firm is involved in a number of judicial, regulatory and arbitration proceedings (including those described below) concerning matters arising in connection with the conduct of the firm’s businesses. Many of these proceedings are in early stages, and many of these cases seek an indeterminate amount of damages. Under ASC 450, an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely” and an event is “remote” if “the chance of the future event or events occurring is slight.” Thus, references to the upper end of the range of reasonably possible loss for cases in which the firm is able to estimate a range of reasonably possible loss mean the upper end of the range of loss for cases for which the firm believes the risk of loss is more than slight. With respect to matters described below for which management has been able to estimate a range of reasonably possible loss where (i) actual or potential plaintiffs have claimed an amount of money damages, (ii) the firm is being, or threatened to be, sued by purchasers in a securities offering and is not being indemnified by a party that the firm believes will pay the full amount of any judgment, or (iii) the purchasers are demanding that the firm repurchase securities, management has estimated the upper end of the range of reasonably possible loss based on (a) in the case of (i), the amount of money damages claimed, (b) in the case of (ii), the difference between the initial sales price of the securities that the firm sold in such offering and the estimated lowest subsequent price of such securities prior to the action being commenced and (c) in the case of (iii), the price that purchasers paid for the securities less the estimated value, if any, as of September 2022 of the relevant securities, in each of cases (i), (ii) and (iii), taking into account any other factors believed to be relevant to the particular matter or matters of that type. As of the date hereof, the firm has estimated the upper end of the range of reasonably possible aggregate loss for such matters and for any other matters described below where management has been able to estimate a range of reasonably possible aggregate loss to be approximately $2.3 billion in excess of the aggregate reserves for such matters. Management is generally unable to estimate a range of reasonably possible loss for matters other than those included in the estimate above, including where (i) actual or potential plaintiffs have not claimed an amount of money damages, except in those instances where management can otherwise determine an appropriate amount, (ii) matters are in early stages, (iii) matters relate to regulatory investigations or reviews, except in those instances where management can otherwise determine an appropriate amount, (iv) there is uncertainty as to the likelihood of a class being certified or the ultimate size of the class, (v) there is uncertainty as to the outcome of pending appeals or motions, (vi) there are significant factual issues to be resolved, and/or (vii) there are novel legal issues presented. For example, the firm’s potential liabilities with respect to the investigations and reviews described below in “Regulatory Investigations and Reviews and Related Litigation” generally are not included in management’s estimate of reasonably possible loss. However, management does not believe, based on currently available information, that the outcomes of such other matters will have a material adverse effect on the firm’s financial condition, though the outcomes could be material to the firm’s operating results for any particular period, depending, in part, upon the operating results for such period. 1MDB-Related Matters Between 2012 and 2013, subsidiaries of the firm acted as arrangers or purchasers of approximately $6.5 billion of debt securities of 1MDB. On November 1, 2018, the U.S. Department of Justice (DOJ) unsealed a criminal information and guilty plea by Tim Leissner, a former participating managing director of the firm, and an indictment against Ng Chong Hwa, a former managing director of the firm. On August 28, 2018, Leissner was adjudicated guilty by the U.S. District Court for the Eastern District of New York of conspiring to launder money and to violate the U.S. Foreign Corrupt Practices Act’s (FCPA) anti-bribery and internal accounting controls provisions. Ng was charged with conspiring to launder money and to violate the FCPA’s anti-bribery and internal accounting controls provisions. On April 8, 2022, Ng was found guilty on all counts following a trial. On August 18, 2020, the firm announced that it entered into a settlement agreement with the Government of Malaysia to resolve the criminal and regulatory proceedings in Malaysia involving the firm, which includes a guarantee that the Government of Malaysia receives at least $1.4 billion in assets and proceeds from assets seized by governmental authorities around the world related to 1MDB. See Note 18 for further information about this guarantee. On October 22, 2020, the firm announced that it reached settlements of governmental and regulatory investigations relating to 1MDB with the DOJ, the SEC, the FRB, the NYDFS, the FCA, the PRA, the Singapore Attorney General’s Chambers, the Singapore Commercial Affairs Department, the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. Group Inc. entered into a three-year deferred prosecution agreement with the DOJ, in which a charge against the firm, one count of conspiracy to violate the FCPA, was filed and will later be dismissed if the firm abides by the terms of the agreement. In addition, GS Malaysia pleaded guilty to one count of conspiracy to violate the FCPA, and was sentenced on June 9, 2021. In May 2021, the U.S. Department of Labor granted the firm a five-year exemption to maintain its status as a qualified professional asset manager (QPAM). The firm has received multiple demands, beginning in November 2018, from alleged shareholders under Section 220 of the Delaware General Corporation Law for books and records relating to, among other things, the firm’s involvement with 1MDB and the firm’s compliance procedures. On February 19, 2019, a purported shareholder derivative action relating to 1MDB was filed in the U.S. District Court for the Southern District of New York against Group Inc. and the directors at the time and a former chairman and chief executive officer of the firm. The second amended complaint filed on November 13, 2020, alleges breaches of fiduciary duties, including in connection with alleged insider trading by certain current and former directors, unjust enrichment and violations of the anti-fraud provisions of the Exchange Act, including in connection with Group Inc.’s common stock repurchases and solicitation of proxies, and seeks unspecified damages, disgorgement and injunctive relief. On September 16, 2022, the court preliminarily approved a settlement among the parties pursuant to which the firm agreed to a payment of $79.5 million to be made to the firm by its insurers, which the firm has agreed to use for compliance purposes after payment of any attorneys’ fees and reimbursement of expenses awarded to plaintiffs. In January and February 2021, respectively, the firm received two demands (in addition to three demands that the Board had previously rejected and were subsequently settled) from alleged shareholders to investigate and pursue claims related to 1MDB (and, for one of the demands, other matters) against other parties, including certain current and former directors and executive officers of the firm. In December 2021, the Board voted to reject the two demands. On December 20, 2018, a putative securities class action lawsuit was filed in the U.S. District Court for the Southern District of New York against Group Inc. and certain former officers of the firm alleging violations of the anti-fraud provisions of the Exchange Act with respect to Group Inc.’s disclosures and public statements concerning 1MDB and seeking unspecified damages. The plaintiffs filed the second amended complaint on October 28, 2019. On June 28, 2021, the court dismissed the claims against one of the individual defendants but denied the defendants’ motion to dismiss with respect to the firm and the remaining individual defendants. On November 12, 2021, the plaintiffs moved for class certification. Mortgage-Related Matters Beginning in April 2010, a number of purported securities law class actions were filed in the U.S. District Court for the Southern District of New York challenging the adequacy of Group Inc.’s public disclosure of, among other things, the firm’s activities in the collateralized debt obligation market, and the firm’s conflict of interest management. The consolidated amended complaint filed on July 25, 2011, which named as defendants Group Inc. and certain current and former officers and employees of Group Inc. and its affiliates, generally alleges violations of Sections 10(b) and 20(a) of the Exchange Act and seeks monetary damages. The defendants have moved for summary judgment. On April 7, 2020, the U.S. Court of Appeals for the Second Circuit affirmed the district court’s August 14, 2018 grant of class certification. On June 21, 2021, the United States Supreme Court vacated the judgment of the Second Circuit and remanded the case for further proceedings, and on August 26, 2021, the Second Circuit vacated the district court’s grant of class certification and remanded the case for further proceedings. On December 8, 2021, the district court granted the plaintiffs’ motion for class certification. On March 9, 2022, the Second Circuit granted defendants’ petition seeking interlocutory review of the district court’s grant of class certification. Complaints were filed in the U.S. District Court for the Southern District of New York on July 25, 2019 and May 29, 2020 against Goldman Sachs Mortgage Company and GS Mortgage Securities Corp. by U.S. Bank National Association, as trustee for two residential mortgage-backed securitization trusts that issued $1.7 billion of securities. The complaints generally allege that mortgage loans in the trusts failed to conform to applicable representations and warranties and seek specific performance or, alternatively, compensatory damages and other relief. On November 23, 2020, the court granted in part and denied in part defendants’ motion to dismiss the complaint in the first action and denied defendants’ motion to dismiss the complaint in the second action. On January 14, 2021, amended complaints were filed in both actions. Currencies-Related Litigation GS&Co. and Group Inc. are among the defendants named in an action filed in the U.S. District Court for the Southern District of New York on November 7, 2018, and GSI, GSIB, Goldman Sachs Group UK Limited and GS Bank USA are among the defendants in an action filed in the High Court of England and Wales on November 11, 2020 and subsequently transferred to the U.K. Competition Appeal Tribunal, in each case by certain direct purchasers of foreign exchange instruments that opted out of a class settlement reached with, among others, GS&Co. and Group Inc. The third amended complaint in the U.S. district court action, filed on August 3, 2020, generally alleges that the defendants violated federal antitrust law and state common law in connection with an alleged conspiracy to manipulate the foreign currency exchange markets and seeks declaratory and injunctive relief, as well as unspecified amounts of compensatory, punitive, treble and other damages. The claim in the English action is for breaches of English and E.U. competition rules from 2003 to 2013 and alleges manipulation of foreign exchange rates and bid/offer spreads, the exchange of commercially sensitive information among defendants and collusive trading. GS&Co. is among the defendants named in a putative class action filed in the U.S. District Court for the Southern District of New York on August 4, 2021. The amended complaint, filed on January 6, 2022, generally asserts claims under federal antitrust law and state common law in connection with an alleged conspiracy among the defendants to manipulate auctions for foreign exchange transactions on an electronic trading platform, as well as claims under the Racketeer Influenced and Corrupt Organizations Act. The complaint seeks declaratory and injunctive relief, as well as unspecified amounts of treble and other damages. On March 18, 2022, the defendants moved to dismiss the amended complaint. Banco Espirito Santo S.A. and Oak Finance Beginning in February 2015, GSI commenced actions against Novo Banco S.A. (Novo Banco) in the English Commercial Court and the Bank of Portugal (BoP) in Portuguese Administrative Court in response to BoP’s decisions in December 2014, September 2015 and December 2015 to reverse an earlier transfer to Novo Banco of an $835 million facility agreement (the Facility), structured by GSI, between Oak Finance Luxembourg S.A. (Oak Finance), a special purpose vehicle formed in connection with the Facility, and Banco Espirito Santo S.A. (BES) prior to the failure of BES. In July 2018, the English Supreme Court found that the English courts will not have jurisdiction over GSI’s action unless and until the Portuguese Administrative Court finds against BoP in GSI’s parallel action. In July 2018, the Liquidation Committee for BES issued a decision seeking to claw back from GSI $54 million paid to GSI and $50 million allegedly paid to Oak Finance in connection with the Facility, alleging that GSI acted in bad faith in extending the Facility, including because GSI allegedly knew that BES was at risk of imminent failure. In October 2018, GSI commenced an action in Lisbon Commercial Court challenging the Liquidation Committee’s decision and has since also issued a claim against the Portuguese State seeking compensation for losses of approximately $222 million related to the failure of BES, together with a contingent claim for the $104 million sought by the Liquidation Committee. Financial Advisory Services Group Inc. and certain of its affiliates are from time to time parties to various civil litigation and arbitration proceedings and other disputes with clients and third parties relating to the firm’s financial advisory activities. These claims generally seek, among other things, compensatory damages and, in some cases, punitive damages, and in certain cases allege that the firm did not appropriately disclose or deal with conflicts of interest. Archegos-Related Matters GS&Co. is among the underwriters named as defendants in a putative securities class action filed on August 13, 2021 in New York Supreme Court, County of New York, relating to ViacomCBS Inc.’s (ViacomCBS) March 2021 public offerings of $1.7 billion of common stock and $1.0 billion of preferred stock. In addition to the underwriters, the defendants include ViacomCBS and certain of its officers and directors. GS&Co. underwrote 646,154 shares of common stock representing an aggregate offering price of approximately $55 million and 323,077 shares of preferred stock representing an aggregate offering price of approximately $32 million. The complaint asserts claims under the federal securities laws and alleges that the offering documents contained material misstatements and omissions, including, among other things, that the offering documents failed to disclose that Archegos Capital Management (Archegos) had substantial exposure to ViacomCBS, including through total return swaps to which certain of the underwriters, including GS&Co., were allegedly counterparties, and that such underwriters failed to disclose their exposure to Archegos. The complaint seeks rescission and compensatory damages in unspecified amounts. On November 5, 2021, the plaintiffs filed an amended complaint, and, on December 22, 2021, the defendants filed motions to dismiss the amended complaint. On January 4, 2022, the plaintiffs moved for class certification. Group Inc. is also a defendant in putative securities class actions filed beginning in October 2021 and consolidated in the U.S. District Court for the Southern District of New York. The complaints allege that Group Inc., along with another financial institution, sold shares in Baidu Inc. (Baidu), Discovery Inc. (Discovery), GSX Techedu Inc. (Gaotu), iQIYI Inc. (iQIYI), Tencent Music Entertainment Group (Tencent), ViacomCBS, and Vipshop Holdings Ltd. (Vipshop) based on material nonpublic information regarding the liquidation of Archegos’ position in Baidu, Discovery, Gaotu, iQIYI, Tencent, ViacomCBS and Vipshop, respectively. The complaints genera lly assert violations of Sections 10(b), 20A and 20(a) of the Exchange Act and seek unspecified damages. On June 13, 2022, the plaintiffs in the class actions filed amended complaints. On August 12, 2022, the defendants filed motions to dismiss the amended complaints. On January 24, 2022, the firm received a demand from an alleged shareholder under Section 220 of the Delaware General Corporation Law for books and records relating to, among other things, the firm’s involvement with Archegos and the firm’s controls with respect to insider trading. Underwriting Litigation Firm affiliates are among the defendants in a number of proceedings in connection with securities offerings. In these proceedings, including those described below, the plaintiffs assert class action or individual claims under federal and state securities laws and in some cases other applicable laws, allege that the offering documents for the securities that they purchased contained material misstatements and omissions, and generally seek compensatory and rescissory damages in unspecified amounts, as well as rescission. Certain of these proceedings involve additional allegations. Uber Technologies, Inc. GS&Co. is among the underwriters named as defendants in several putative securities class actions filed beginning in September 2019 in California Superior Court, County of San Francisco and the U.S. District Court for the Northern District of California, relating to Uber Technologies, Inc.’s (Uber) $8.1 billion May 2019 initial public offering. In addition to the underwriters, the defendants include Uber and certain of its officers and directors. GS&Co. underwrote 35,864,408 shares of common stock representing an aggregate offering price of approximately $1.6 billion. On November 16, 2020, the court in the state court action granted defendants’ motion to dismiss the consolidated amended complaint filed on February 11, 2020, and on December 16, 2020, plaintiffs appealed. On August 7, 2020, defendants’ motion to dismiss the district court action was denied. On September 25, 2020, the plaintiffs in the district court action moved for class certification. On December 5, 2020, the plaintiffs in the state court action filed a complaint in the district court, which was consolidated with the existing district court action on January 25, 2021. On May 14, 2021, the plaintiffs filed a second amended complaint in the district court, purporting to add the plaintiffs from the state court action as additional class representatives. On October 1, 2021, defendants’ motion to dismiss the additional class representatives from the second amended complaint was denied, and on July 26, 2022, the district court granted the plaintiffs’ motion for class certification. On August 9, 2022, defendants filed a petition with the U.S. Court of Appeals for the Ninth Circuit seeking interlocutory review of the district court’s grant of class certification. Venator Materials PLC. GS&Co. is among the underwriters named as defendants in putative securities class actions in Texas District Court, Dallas County, New York Supreme Court, New York County, and the U.S. District Court for the Southern District of Texas, filed beginning in February 2019, relating to Venator Materials PLC’s (Venator) $522 million August 2017 initial public offering and $534 million December 2017 secondary equity offering. In addition to the underwriters, the defendants include Venator, certain of its officers and directors and certain of its shareholders. GS&Co. underwrote 6,351,347 shares of common stock in the August 2017 initial public offering representing an aggregate offering price of approximately $127 million and 5,625,768 shares of common stock in the December 2017 secondary equity offering representing an aggregate offering price of approximately $127 million. On January 21, 2020, the Texas Court of Appeals reversed the Texas District Court and dismissed the claims against the underwriter defendants, including GS&Co., in the Texas state court action for lack of personal jurisdiction. On March 22, 2021, the defendants’ motion to dismiss the New York state court action was granted and the plaintiffs filed a notice of appeal. On July 7, 2021, the court in the federal action granted in part and denied in part defendants’ motion to dismiss the consolidated complaint. On August 16, 2021, the plaintiffs in the federal action filed an amended consolidated complaint. On November 19, 2021, the plaintiffs in the federal action moved for class certification. On February 28, 2022, the plaintiffs stipulated to withdraw the appeal in the New York state court action after the parties reached a settlement, and on March 29, 2022, the Appellate Division of the Supreme Court of the State of New York for the First Department deemed the appeal withdrawn. On September 15, 2022, the federal court approved a settlement among the parties. Under the terms of the settlement, the firm is not required to contribute to the settlement. GoHealth, Inc . GS&Co. is among the underwriters named as defendants in putative securities class actions filed beginning on September 21, 2020 and consolidated in the U.S. District Court for the Northern District of Illinois relating to GoHealth, Inc.’s (GoHealth) $914 million July 2020 initial public offering. In addition to the underwriters, the defendants include GoHealth, certain of its officers and directors and certain of its shareholders. GS&Co. underwrote 11,540,550 shares of common stock representing an aggregate offering price of approximately $242 million. On February 25, 2021, the plaintiffs filed a consolidated complaint. On April 5, 2022, the defendants’ motion to dismiss the consolidated complaint was denied. On September 23, 2022, the plaintiffs moved for class certification. Array Technologies, Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on May 14, 2021 in the U.S. District Court for the Southern District of New York relating to Array Technologies, Inc.’s (Array) $1.2 billion October 2020 initial public offering of common stock, $1.3 billion December 2020 offering of common stock and $993 million March 2021 offering of common stock. In addition to the underwriters, the defendants include Array and certain of its officers and directors. GS&Co. underwrote an aggregate of 31,912,213 shares of common stock in the three offerings representing an aggregate offering price of approximately $877 million. On December 7, 2021, the plaintiffs filed an amended consolidated complaint. On October 17, 2022, the defendants moved to dismiss the amended consolidated complaint. Skillz Inc. GS&Co. was among the underwriters named as defendants in an amended consolidated complaint for a putative securities class action filed on October 8, 2021 in the U.S. District Court for the Northern District of California relating to Skillz Inc.’s (Skillz) approximately $883 million March 2021 public offering of common stock. In addition to the underwriters, the defendants included Skillz and certain of its officers and directors. GS&Co. underwrote 8,832,000 shares of common stock representing an aggregate offering price of approximately $212 million. On July 5, 2022, the defendants’ motion to dismiss the amended consolidated complaint was granted with leave to replead. On August 4, 2022, the plaintiffs filed a second amended consolidated complaint naming only Skillz and certain of its officers as defendants. ContextLogic Inc. GS&Co. is among the underwriters named as defendants in putative securities class actions filed beginning on May 17, 2021 and consolidated in the U.S. District Court for the Northern District of California, relating to ContextLogic Inc.’s (ContextLogic) $1.1 billion December 2020 initial public offering of common stock. In addition to the underwriters, the defendants include ContextLogic and certain of its officers and directors. GS&Co. underwrote 16,169,000 shares of common stock representing an aggregate offering price of approximately $388 million. On July 15, 2022, the plaintiffs filed a consolidated amended complaint. On September 16, 2022, the defendants moved to dismiss the consolidated amended complaint. DiDi Global Inc. Goldman Sachs (Asia) L.L.C. (GS Asia) is among the underwriters named as defendants in putative securities class actions filed beginning on July 6, 2021 in the U.S. District Courts for the Southern District of New York and the Central District of California and New York Supreme Court, County of New York, relating to DiDi Global Inc.’s (DiDi) $4.4 billion June 2021 initial public offering of American Depositary Shares (ADS). In addition to the underwriters, the defendants include DiDi and certain of its officers and directors. GS Asia underwrote 104,554,000 ADS representing an aggregate offering price of approximately $1.5 billion. On September 22, 2021, plaintiffs in the California action voluntarily dismissed their claims without prejudice. On May 5, 2022, plaintiffs in the consolidated federal action filed a second consolidated amended complaint, which includes allegations of violations of Sections 10(b) and 20A of the Exchange Act against the underwriter defendants. On June 3, 2022, the defendants moved to dismiss the second consolidated amended complaint. Vroom Inc. GS&Co. is among the underwriters named as defendants in an amended complaint for a putative securities class action filed on October 4, 2021 in the U.S. District Court for the Southern District of New York relating to Vroom Inc.’s (Vroom) approximately $589 million September 2020 public offering of common stock. In addition to the underwriters, the defendants include Vroom and certain of its officers and directors. GS&Co. underwrote 3,886,819 shares of common stock representing an aggregate offering price of approximately $212 million. On December 20, 2021, the defendants served a motion to dismiss the consolidated complaint. Zymergen Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on August 4, 2021 in the U.S. District Court for the Northern District of California relating to Zymergen Inc.’s (Zymergen) $575 million April 2021 initial public offering of common stock. In addition to the underwriters, the defendants include Zymergen and certain of its officers and directors. GS&Co. underwrote 5,750,345 shares of common stock representing an aggregate offering price of approximately $178 million. On February 24, 2022, the plaintiffs filed an amended complaint, and on April 25, 2022, the defendants moved to dismiss the amended complaint. Waterdrop Inc. GS Asia is among the underwriters named as defendants in a putative securities class action filed on September 14, 2021 in the U.S. District Court for the Southern District of New York relating to Waterdrop Inc.’s (Waterdrop) $360 million May 2021 initial public offering of ADS. In addition to the underwriters, the defendants include Waterdrop and certain of its officers and directors. GS Asia underwrote 15,300,000 ADS representing an aggregate offering price of approximately $184 million. On February 21, 2022, the plaintiffs filed an amended complaint, and on April 22, 2022, the defendants moved to dismiss the amended complaint. Sea Limited. GS Asia is among the underwriters named as defendants in putative securities class actions filed on February 11, 2022 and June 17, 2022, respectively, in New York Supreme Court, County of New York, relating to Sea Limited’s approximately $4.0 billion September 2021 public offering of ADS and approximately $2.9 billion September 2021 public offering of convertible senior notes, respectively. In addition to the underwriters, the defendants include Sea Limited, certain of its officers and directors and certain of its shareholders. GS Asia underwrote 8,222,500 ADS representing an aggregate offering price of approximately $2.6 billion and convertible senior notes representing an aggregate offering price of approximately $1.9 billion. On August 3, 2022, the actions were consolidated, and on August 9, 2022, the plaintiffs filed a consolidated amended complaint. The defendants had previously moved to dismiss the action on July 15, 2022, with the parties stipulating that the motion would apply to the consolidated amended complaint. Rivian Automotive Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on March 7, 2022 in the U.S. District Court for the Central District of California relating to Rivian Automotive Inc.’s (Rivian) approximately $13.7 billion November 2021 initial public offering. In addition to the underwriters, the defendants include Rivian and certain of its officers and directors. GS&Co. underwrote 44,733,050 shares of common stock representing an aggregate offering price of approximately $3.5 billion. On July 22, 2022, the plaintiffs filed a consolidated complaint, and on August 29, 2022, the defendants moved to dismiss the consolidated complaint. Natera Inc. GS&Co . is among the underwriters named as defendants in putative securities class actions in New York Supreme Court, County of New York and the U.S. District Court for the Western District of Texas filed on March 10, 2022 and October 7, 2022, respectively, relating to Natera Inc.’s (Natera) approximately $585 million July 2021 public offering of common stock. In addition to the underwriters, the defendants include Natera and certain of its officers and directors. GS&Co. underwrote 1,449,000 shares of common stock representing an aggregate offering price of approximately $164 million. On July 15, 2022, the parties in the state court action filed a stipulation and proposed order approving the discontinuance of the action without prejudice. Robinhood Markets, Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on December 17, 2021 in the U.S. District Court for the Northern District of California relating to Robinhood Markets, Inc.’s (Robinhood) approximately $2.2 billion July 2021 initial public offering. In addition to the underwriters, the defendants include Robinhood and certain of its officers and directors. GS&Co. underwrote 18,039,706 shares of common stock representing an aggregate offering price of approximately $686 million. On June 20, 2022, the plaintiffs filed an amended complaint. On August 18, 2022, the defendants moved to dismiss the amended complaint. ON24, Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on November 3, 2021 in the U.S. District Court for the Northern District of California relating to ON24, Inc.’s (ON24) approximately $492 million February 2021 initial public offering of common stock. In addition to the underwriters, the defendants include ON24 and certain of its officers and directors. GS&Co. underwrote 3,616,785 shares of common stock representing an aggregate offering price of approximately $181 million. On March 18, 2022, the plaintiffs filed a consolidated complaint. On May 2, 2022, the defendants moved to dismiss the consolidated complaint. Riskified Ltd. GS&Co. is among the underwriters named as defendants in a putative securities class action filed on May 2, 2022 in the U.S. District Court for the Southern District of New York relating to Riskified Ltd.’s (Riskified) approximately $423 million July 2021 initial public offering. In addition to the underwriters, the defendants include Riskified and certain of its officers and directors. GS&Co. underwrote 6,981,128 shares of common stock representing an aggregate offering price of approximately $147 million. On September 15, 2022, the plaintiffs filed an amended complaint. On October 28, 2022, the defendants moved to dismiss the amended complaint. Oscar Health, Inc. GS&Co. is among the underwriters named as defendants in a putative securities class action

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation
Consolidation	Consolidation The firm consolidates entities in which the firm has a controlling financial interest. The firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (VIE). Voting Interest Entities. Voting interest entities are entities in which (i) the total equity investment at risk is sufficient to enable the entity to finance its activities independently and (ii) the equity holders have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the losses of the entity and the right to receive the residual returns of the entity. The usual condition for a controlling financial interest in a voting interest entity is ownership of a majority voting interest. If the firm has a controlling majority voting interest in a voting interest entity, the entity is consolidated. Variable Interest Entities. A VIE is an entity that lacks one or more of the characteristics of a voting interest entity. The firm has a controlling financial interest in a VIE when the firm has a variable interest or interests that provide it with (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. See Note 17 for further information about VIEs. Equity-Method Investments. When the firm does not have a controlling financial interest in an entity but can exert significant influence over the entity’s operating and financial policies, the investment is generally accounted for at fair value by electing the fair value option available under U.S. GAAP. Significant influence generally exists when the firm owns 20% to 50% of the entity’s common stock or in-substance common stock. In certain cases, the firm applies the equity method of accounting to new investments that are strategic in nature or closely related to the firm’s principal business activities, when the firm has a significant degree of involvement in the cash flows or operations of the investee or when cost-benefit considerations are less significant. See Note 8 for further information about equity-method investments.
Use of Estimates	Use of Estimates Preparation of these consolidated financial statements requires management to make certain estimates and assumptions, the most important of which relate to fair value measurements, the allowance for credit losses on loans and lending commitments accounted for at amortized cost, discretionary compensation accruals, accounting for goodwill and identifiable intangible assets, provisions for losses that may arise from litigation and regulatory proceedings (including governmental investigations), and accounting for income taxes. These estimates and assumptions are based on the best available information, but actual results could be materially different.
Revenue Recognition	Revenue Recognition Financial Assets and Liabilities at Fair Value. Trading assets and liabilities and certain investments are carried at fair value either under the fair value option or in accordance with other U.S. GAAP. In addition, the firm has elected to account for certain of its loans and other financial assets and liabilities at fair value by electing the fair value option. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. Fair value gains or losses are generally included in market making or other principal transactions. See Note 4 for further information about fair value measurements. Revenue from Contracts with Clients. The firm recognizes revenue earned from contracts with clients for services, such as investment banking, investment management, and execution and clearing (contracts with clients), when the performance obligations related to the underlying transaction are completed. Revenues from contracts with clients represent approximately 45% of total non-interest revenues for the three months ended September 2022 (including approximately 90% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees) and approximately 45% of total non-interest revenues for the nine months ended September 2022 (including approximately 85% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees), and approximately 50% of total non-interest revenues for the three months ended September 2021 and approximately 40% for the nine months ended September 2021 (in each case, reflecting approximately 90% of investment banking revenues, approximately 95% of investment management revenues and all commissions and fees). See Note 25 for information about net revenues by business segment. Investment Banking Advisory. Fees from financial advisory assignments are recognized in revenues when the services related to the underlying transaction are completed under the terms of the assignment. Non-refundable deposits and milestone payments in connection with financial advisory assignments are recognized in revenues upon completion of the underlying transaction or when the assignment is otherwise concluded. Expenses associated with financial advisory assignments are recognized when incurred and are included in transaction based expenses. Client reimbursements for such expenses are included in investment banking revenues. Underwriting. Fees from underwriting assignments are recognized in revenues upon completion of the underlying transaction based on the terms of the assignment. Expenses associated with underwriting assignments are generally deferred until the related revenue is recognized or the assignment is otherwise concluded. Such expenses are included in transaction based expenses for completed assignments. Investment Management The firm earns management fees and incentive fees for investment management services, which are included in investment management revenues. The firm makes payments to brokers and advisors related to the placement of the firm’s investment funds (distribution fees), which are included in transaction based expenses. Management Fees. Management fees for mutual funds are calculated as a percentage of daily net asset value and are received monthly. Management fees for hedge funds and separately managed accounts are calculated as a percentage of month-end net asset value and are generally received quarterly. Management fees for private equity funds are calculated as a percentage of monthly invested capital or committed capital and are received quarterly, semi-annually or annually, depending on the fund. Management fees are recognized over time in the period the services are provided. Distribution fees paid by the firm are calculated based on either a percentage of the management fee, the investment fund’s net asset value or the committed capital. Such fees are included in transaction based expenses. Incentive Fees. Incentive fees are calculated as a percentage of a fund’s or separately managed account’s return, or excess return above a specified benchmark or other performance target. Incentive fees are generally based on investment performance over a twelve-month period or over the life of a fund. Fees that are based on performance over a twelve-month period are subject to adjustment prior to the end of the measurement period. For fees that are based on investment performance over the life of the fund, future investment underperformance may require fees previously distributed to the firm to be returned to the fund. Incentive fees earned from a fund or separately managed account are recognized when it is probable that a significant reversal of such fees will not occur, which is generally when such fees are no longer subject to fluctuations in the market value of investments held by the fund or separately managed account. Therefore, incentive fees recognized during the period may relate to performance obligations satisfied in previous periods. Commissions and Fees The firm earns commissions and fees from executing and clearing client transactions on stock, options and futures markets, as well as over-the-counter (OTC) transactions. Commissions and fees are recognized on the day the trade is executed. The firm also provides third-party research services to clients in connection with certain soft-dollar arrangements. Third-party research costs incurred by the firm in connection with such arrangements are presented net within commissions and fees. Remaining Performance Obligations Remaining performance obligations are services that the firm has committed to perform in the future in connection with its contracts with clients. The firm’s remaining performance obligations are generally related to its financial advisory assignments and certain investment management activities. Revenues associated with remaining performance obligations relating to financial advisory assignments cannot be determined until the outcome of the transaction. For the firm’s investment management activities, where fees are calculated based on the net asset value of the fund or separately managed account, future revenues associated with such remaining performance obligations cannot be determined as such fees are subject to fluctuations in the market value of investments held by the fund or separately managed account.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when the firm has relinquished control over the assets transferred. For transfers of financial assets accounted for as sales, any gains or losses are recognized in net revenues. Assets or liabilities that arise from the firm’s continuing involvement with transferred financial assets are initially recognized at fair value. For transfers of financial assets that are not accounted for as sales, the assets are generally included in trading assets and the transfer is accounted for as a collateralized financing, with the related interest expense recognized over the life of the transaction. See Note 11 for further information about transfers of financial assets accounted for as collateralized financings and Note 16 for further information about transfers of financial assets accounted for as sales.
Cash and Cash Equivalents	Cash and Cash Equivalents The firm defines cash equivalents as highly liquid overnight deposits held in the ordinary course of business. Cash and cash equivalents included cash and due from banks of $9.15 billion as of September 2022 and $10.14 billion as of December 2021. Cash and cash equivalents also included interest-bearing deposits with banks of $275.10 billion as of September 2022 and $250.90 billion as of December 2021.
Customer and Other Receivables	Customer and Other Receivables Customer and other receivables included receivables from customers and counterparties of $87.72 billion as of September 2022 and $103.82 billion as of December 2021, and receivables from brokers, dealers and clearing organizations of $77.70 billion as of September 2022 and $56.85 billion as of December 2021. Such receivables primarily consist of customer margin loans, receivables resulting from unsettled transactions and collateral posted in connection with certain derivative transactions. Substantially all of these receivables are accounted for at amortized cost net of any allowance for credit losses, which generally approximates fair value. As these receivables are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these receivables been included in the firm’s fair value hierarchy, substantially all would have been classified in level 2 as of both September 2022 and December 2021. See Note 10 for further information about customer and other receivables accounted for at fair value under the fair value option. Interest on customer and other receivables is recognized over the life of the transaction and included in interest income.
Customer and Other Payables	Customer and Other Payables
Offsetting Assets and Liabilities	Offsetting Assets and Liabilities To reduce credit exposures on derivatives and securities financing transactions, the firm may enter into master netting agreements or similar arrangements (collectively, netting agreements) with counterparties that permit it to offset receivables and payables with such counterparties. A netting agreement is a contract with a counterparty that permits net settlement of multiple transactions with that counterparty, including upon the exercise of termination rights by a non-defaulting party. Upon exercise of such termination rights, all transactions governed by the netting agreement are terminated and a net settlement amount is calculated. In addition, the firm receives and posts cash and securities collateral with respect to its derivatives and securities financing transactions, subject to the terms of the related credit support agreements or similar arrangements (collectively, credit support agreements). An enforceable credit support agreement grants the non-defaulting party exercising termination rights the right to liquidate the collateral and apply the proceeds to any amounts owed. In order to assess enforceability of the firm’s right of setoff under netting and credit support agreements, the firm evaluates various factors, including applicable bankruptcy laws, local statutes and regulatory provisions in the jurisdiction of the parties to the agreement. Derivatives are reported on a net-by-counterparty basis (i.e., the net payable or receivable for derivative assets and liabilities for a given counterparty) in the consolidated balance sheets when a legal right of setoff exists under an enforceable netting agreement. Resale agreements and securities sold under agreements to repurchase (repurchase agreements) and securities borrowed and loaned transactions with the same term and currency are presented on a net-by-counterparty basis in the consolidated balance sheets when such transactions meet certain settlement criteria and are subject to netting agreements.
Share-based Compensation	Share-Based Compensation The cost of employee services received in exchange for a share-based award is generally measured based on the grant-date fair value of the award. Share-based awards that do not require future service (i.e., vested awards, including awards granted to retirement-eligible employees) are expensed immediately. Share-based awards that require future service are amortized over the relevant service period. Forfeitures are recorded when they occur. Cash dividend equivalents paid on restricted stock units (RSUs) are generally charged to retained earnings. If RSUs that require future service are forfeited, the related dividend equivalents originally charged to retained earnings are reclassified to compensation expense in the period in which forfeiture occurs. The firm generally issues new shares of common stock upon delivery of share-based awards. In certain cases, primarily related to conflicted employment (as outlined in the applicable award agreements), the firm may cash settle share-based compensation awards accounted for as equity instruments. For these awards, whose terms allow for cash settlement, additional paid-in capital is adjusted to the extent of the difference between the value of the award at the time of cash settlement and the grant-date value of the award. The tax effect related to the settlement of share-based awards is recorded in income tax benefit or expense.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the date of the consolidated balance sheets and revenues and expenses are translated at average rates of exchange for the period. Foreign currency remeasurement gains or losses on transactions in nonfunctional currencies are recognized in earnings. Gains or losses on translation of the financial statements of a non-U.S. operation, when the functional currency is other than the U.S. dollar, are included, net of hedges and taxes, in the consolidated statements of comprehensive income.
Recent Accounting Developments	Recent Accounting Developments Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASC 848). In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform — Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides optional relief from applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. In addition, in January 2021 the FASB issued ASU No. 2021-01, “Reference Rate Reform — Scope,” which clarified the scope of ASC 848 relating to contract modifications. The firm adopted these ASUs upon issuance and elected to apply the relief available to certain modified derivatives. The adoption of these ASUs did not have a material impact on the firm’s consolidated financial statements. Troubled Debt Restructurings and Vintage Disclosures (ASC 326) . In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments — Credit Losses (Topic 326) — Troubled Debt Restructurings and Vintage Disclosures.” This ASU eliminates the recognition and measurement guidance for troubled debt restructurings (TDRs) and requires enhanced disclosures about loan modifications for borrowers experiencing financial difficulty. This ASU also requires enhanced disclosure for loans that have been charged off. The ASU is effective in January 2023 under a prospective approach. Adoption of this ASU is not expected to have a material impact on the firm’s consolidated financial statements. Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for Platform Users (SAB 121) . In March 2022, the SEC staff issued SAB 121 (SAB 121) — “Accounting for obligations to safeguard crypto-assets an entity holds for platform users.” SAB 121 adds interpretive guidance requiring an entity to recognize a liability on its balance sheet to reflect the obligation to safeguard the crypto-assets held for its platform users, along with a corresponding asset. The firm adopted this guidance in June 2022 under a modified retrospective approach and adoption did not have a material impact on the firm’s consolidated financial statements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASC 820).
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. The firm measures certain financial assets and liabilities as a portfolio (i.e., based on its net exposure to market and/or credit risks). The best evidence of fair value is a quoted price in an active market. If quoted prices in active markets are not available, fair value is determined by reference to prices for similar instruments, quoted prices or recent transactions in less active markets, or internally developed models that primarily use market-based or independently sourced inputs, including, but not limited to, interest rates, volatilities, equity or debt prices, foreign exchange rates, commodity prices, credit spreads and funding spreads (i.e., the spread or difference between the interest rate at which a borrower could finance a given financial instrument relative to a benchmark interest rate). U.S. GAAP has a three-level hierarchy for disclosure of fair value measurements. This hierarchy prioritizes inputs to the valuation techniques used to measure fair value, giving the highest priority to level 1 inputs and the lowest priority to level 3 inputs. A financial instrument’s level in this hierarchy is based on the lowest level of input that is significant to its fair value measurement. In evaluating the significance of a valuation input, the firm considers, among other factors, a portfolio’s net risk exposure to that input. The fair value hierarchy is as follows: Level 1. Inputs are unadjusted quoted prices in active markets to which the firm had access at the measurement date for identical, unrestricted assets or liabilities. Level 2. Inputs to valuation techniques are observable, either directly or indirectly. Level 3. One or more inputs to valuation techniques are significant and unobservable. The fair values for substantially all of the firm’s financial assets and liabilities are based on observable prices and inputs and are classified in levels 1 and 2 of the fair value hierarchy. Certain level 2 and level 3 financial assets and liabilities may require valuation adjustments that a market participant would require to arrive at fair value for factors, such as counterparty and the firm’s credit quality, funding risk, transfer restrictions, liquidity and bid/offer spreads. Valuation adjustments are generally based on market evidence. The valuation techniques and nature of significant inputs used to determine the fair value of the firm’s financial instruments are described below. See Notes 5 through 10 for further information about significant unobservable inputs used to value level 3 financial instruments. Valuation Techniques and Significant Inputs for Trading Cash Instruments, Investments and Loans Level 1. Level 1 instruments include U.S. government obligations, most non-U.S. government obligations, certain agency obligations, certain corporate debt instruments, certain money market instruments, certain other debt obligations and actively traded listed equities. These instruments are valued using quoted prices for identical unrestricted instruments in active markets. The firm defines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument. The firm defines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity. Level 2. Level 2 instruments include certain non-U.S. government obligations, most agency obligations, most mortgage-backed loans and securities, most corporate debt instruments, most state and municipal obligations, most money market instruments, most other debt obligations, restricted or less liquid listed equities, certain private equities, commodities and certain lending commitments. Valuations of level 2 instruments can be verified to quoted prices, recent trading activity for identical or similar instruments, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or executable) and the relationship of recent market activity to the prices provided from alternative pricing sources. Valuation adjustments are typically made to level 2 instruments (i) if the instrument is subject to transfer restrictions and/or (ii) for other premiums and liquidity discounts that a market participant would require to arrive at fair value. Valuation adjustments are generally based on market evidence. Level 3. Level 3 instruments have one or more significant valuation inputs that are not observable. Absent evidence to the contrary, level 3 instruments are initially valued at transaction price, which is considered to be the best initial estimate of fair value. Subsequently, the firm uses other methodologies to determine fair value, which vary based on the type of instrument. Valuation inputs and assumptions are changed when corroborated by substantive observable evidence, including values realized on sales. Valuation techniques of level 3 instruments vary by instrument, but are generally based on discounted cash flow techniques. The valuation techniques and the nature of significant inputs used to determine the fair values of each type of level 3 instrument are described below: Loans and Securities Backed by Commercial Real Estate Loans and securities backed by commercial real estate are directly or indirectly collateralized by a single property or a portfolio of properties, and may include tranches of varying levels of subordination. Significant inputs are generally determined based on relative value analyses and include: • Market yields implied by transactions of similar or related assets and/or current levels and changes in market indices, such as the CMBX (an index that tracks the performance of commercial mortgage bonds); • Transaction prices in both the underlying collateral and instruments with the same or similar underlying collateral; • A measure of expected future cash flows in a default scenario (recovery rates) implied by the value of the underlying collateral, which is mainly driven by current performance of the underlying collateral and capitalization rates. Recovery rates are expressed as a percentage of notional or face value of the instrument and reflect the benefit of credit enhancements on certain instruments; and • Timing of expected future cash flows (duration) which, in certain cases, may incorporate the impact of any loan forbearances and other unobservable inputs (e.g., prepayment speeds). Loans and Securities Backed by Residential Real Estate Loans and securities backed by residential real estate are directly or indirectly collateralized by portfolios of residential real estate and may include tranches of varying levels of subordination. Significant inputs are generally determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles. Significant inputs include: • Market yields implied by transactions of similar or related assets; • Transaction prices in both the underlying collateral and instruments with the same or similar underlying collateral; • Cumulative loss expectations, driven by default rates, home price projections, residential property liquidation timelines, related costs and subsequent recoveries; and • Duration, driven by underlying loan prepayment speeds and residential property liquidation timelines. Corporate Debt Instruments Corporate debt instruments includes corporate loans, debt securities and convertible debentures. Significant inputs for corporate debt instruments are generally determined based on relative value analyses, which incorporate comparisons both to prices of credit default swaps that reference the same or similar underlying instrument or entity and to other debt instruments for the same or similar issuer for which observable prices or broker quotations are available. Significant inputs include: • Market yields implied by transactions of similar or related assets and/or current levels and trends of market indices, such as the CDX (an index that tracks the performance of corporate credit); • Current performance and recovery assumptions and, where the firm uses credit default swaps to value the related instrument, the cost of borrowing the underlying reference obligation; • Duration; and • Market and transaction multiples for corporate debt instruments with convertibility or participation options. Equity Securities Equity securities consists of private equities. Recent third-party completed or pending transactions (e.g., merger proposals, debt restructurings, tender offers) are considered the best evidence for any change in fair value. When these are not available, the following valuation methodologies are used, as appropriate: • Industry multiples (primarily EBITDA and revenue multiples) and public comparables; • Transactions in similar instruments; • Discounted cash flow techniques; and • Third-party appraisals. The firm also considers changes in the outlook for the relevant industry and financial performance of the issuer as compared to projected performance. Significant inputs include: • Market and transaction multiples; • Discount rates and capitalization rates; and • For equity securities with debt-like features, market yields implied by transactions of similar or related assets, current performance and recovery assumptions, and duration. Other Trading Cash Instruments, Investments and Loans The significant inputs to the valuation of other instruments, such as non-U.S. government and agency obligations, state and municipal obligations, and other loans and debt obligations are generally determined based on relative value analyses, which incorporate comparisons both to prices of credit default swaps that reference the same or similar underlying instrument or entity and to other debt instruments for the same issuer for which observable prices or broker quotations are available. Significant inputs include: • Market yields implied by transactions of similar or related assets and/or current levels and trends of market indices; • Current performance and recovery assumptions and, where the firm uses credit default swaps to value the related instrument, the cost of borrowing the underlying reference obligation; and • Duration. Valuation Techniques and Significant Inputs for Derivatives The firm’s level 2 and level 3 derivatives are valued using derivative pricing models (e.g., discounted cash flow models, correlation models and models that incorporate option pricing methodologies, such as Monte Carlo simulations). Price transparency of derivatives can generally be characterized by product type, as described below. • Interest Rate. In general, the key inputs used to value interest rate derivatives are transparent, even for most long-dated contracts. Interest rate swaps and options denominated in the currencies of leading industrialized nations are characterized by high trading volumes and tight bid/offer spreads. Interest rate derivatives that reference indices, such as an inflation index, or the shape of the yield curve (e.g., 10-year swap rate vs. 2-year swap rate) are more complex, but the key inputs are generally observable. • Credit. Price transparency for credit default swaps, including both single names and baskets of credits, varies by market and underlying reference entity or obligation. Credit default swaps that reference indices, large corporates and major sovereigns generally exhibit the most price transparency. For credit default swaps with other underliers, price transparency varies based on credit rating, the cost of borrowing the underlying reference obligations, and the availability of the underlying reference obligations for delivery upon the default of the issuer. Credit default swaps that reference loans, asset-backed securities and emerging market debt instruments tend to have less price transparency than those that reference corporate bonds. In addition, more complex credit derivatives, such as those sensitive to the correlation between two or more underlying reference obligations, generally have less price transparency. • Currency. Prices for currency derivatives based on the exchange rates of leading industrialized nations, including those with longer tenors, are generally transparent. The primary difference between the price transparency of developed and emerging market currency derivatives is that emerging markets tend to be only observable for contracts with shorter tenors. • Commodity. Commodity derivatives include transactions referenced to energy (e.g., oil, natural gas and electricity), metals (e.g., precious and base) and soft commodities (e.g., agricultural). Price transparency varies based on the underlying commodity, delivery location, tenor and product quality (e.g., diesel fuel compared to unleaded gasoline). In general, price transparency for commodity derivatives is greater for contracts with shorter tenors and contracts that are more closely aligned with major and/or benchmark commodity indices. • Equity. Price transparency for equity derivatives varies by market and underlier. Options on indices and the common stock of corporates included in major equity indices exhibit the most price transparency. Equity derivatives generally have observable market prices, except for contracts with long tenors or reference prices that differ significantly from current market prices. More complex equity derivatives, such as those sensitive to the correlation between two or more individual stocks, generally have less price transparency. Liquidity is essential to the observability of all product types. If transaction volumes decline, previously transparent prices and other inputs may become unobservable. Conversely, even highly structured products may at times have trading volumes large enough to provide observability of prices and other inputs. Level 1. Level 1 derivatives include short-term contracts for future delivery of securities when the underlying security is a level 1 instrument, and exchange-traded derivatives if they are actively traded and are valued at their quoted market price. Level 2. Level 2 derivatives include OTC derivatives for which all significant valuation inputs are corroborated by market evidence and exchange-traded derivatives that are not actively traded and/or that are valued using models that calibrate to market-clearing levels of OTC derivatives. The selection of a particular model to value a derivative depends on the contractual terms of and specific risks inherent in the instrument, as well as the availability of pricing information in the market. For derivatives that trade in liquid markets, model selection does not involve significant management judgment because outputs of models can be calibrated to market-clearing levels. Valuation models require a variety of inputs, such as contractual terms, market prices, yield curves, discount rates (including those derived from interest rates on collateral received and posted as specified in credit support agreements for collateralized derivatives), credit curves, measures of volatility, prepayment rates, loss severity rates and correlations of such inputs. Significant inputs to the valuations of level 2 derivatives can be verified to market transactions, broker or dealer quotations or other alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or executable) and the relationship of recent market activity to the prices provided from alternative pricing sources. Level 3 . Level 3 derivatives are valued using models which utilize observable level 1 and/or level 2 inputs, as well as unobservable level 3 inputs. The significant unobservable inputs used to value the firm’s level 3 derivatives are described below. • For level 3 interest rate and currency derivatives, significant unobservable inputs include correlations of certain currencies and interest rates (e.g., the correlation between Euro inflation and Euro interest rates) and specific interest rate and currency volatilities. • For level 3 credit derivatives, significant unobservable inputs include illiquid credit spreads and upfront credit points, which are unique to specific reference obligations and reference entities, and recovery rates. • For level 3 commodity derivatives, significant unobservable inputs include volatilities for options with strike prices that differ significantly from current market prices and prices or spreads for certain products for which the product quality or physical location of the commodity is not aligned with benchmark indices. • For level 3 equity derivatives, significant unobservable inputs generally include equity volatility inputs for options that are long-dated and/or have strike prices that differ significantly from current market prices. In addition, the valuation of certain structured trades requires the use of level 3 correlation inputs, such as the correlation of the price performance of two or more individual stocks or the correlation of the price performance for a basket of stocks to another asset class, such as commodities. Subsequent to the initial valuation of a level 3 derivative, the firm updates the level 1 and level 2 inputs to reflect observable market changes and any resulting gains and losses are classified in level 3. Level 3 inputs are changed when corroborated by evidence, such as similar market transactions, third-party pricing services and/or broker or dealer quotations or other empirical market data. In circumstances where the firm cannot verify the model value by reference to market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. See Note 7 for further information about significant unobservable inputs used in the valuation of level 3 derivatives. Valuation Adjustments. Valuation adjustments are integral to determining the fair value of derivative portfolios and are used to adjust the mid-market valuations produced by derivative pricing models to the exit price valuation. These adjustments incorporate bid/offer spreads, the cost of liquidity, and credit and funding valuation adjustments, which account for the credit and funding risk inherent in the uncollateralized portion of derivative portfolios. The firm also makes funding valuation adjustments to collateralized derivatives where the terms of the agreement do not permit the firm to deliver or repledge collateral received. Market-based inputs are generally used when calibrating valuation adjustments to market-clearing levels. In addition, for derivatives that include significant unobservable inputs, the firm makes model or exit price adjustments to account for the valuation uncertainty present in the transaction. Valuation Techniques and Significant Inputs for Other Financial Instruments at Fair Value In addition to trading cash instruments, derivatives, and certain investments and loans, the firm accounts for certain of its other financial assets and liabilities at fair value under the fair value option. Such instruments include resale and repurchase agreements; certain securities borrowed and loaned transactions; certain customer and other receivables, including certain margin loans; certain time deposits, including structured certificates of deposit, which are hybrid financial instruments; substantially all other secured financings, including transfers of assets accounted for as financings; certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; and certain other liabilities. These instruments are generally valued based on discounted cash flow techniques, which incorporate inputs with reasonable levels of price transparency, and are generally classified in level 2 because the inputs are observable. Valuation adjustments may be made for liquidity and for counterparty and the firm’s credit quality. The significant inputs used to value the firm’s other financial instruments are described below. Resale and Repurchase Agreements and Securities Borrowed and Loaned. The significant inputs to the valuation of resale and repurchase agreements and securities borrowed and loaned are funding spreads, the amount and timing of expected future cash flows and interest rates. Customer and Other Receivables. The significant inputs to the valuation of receivables are interest rates, the amount and timing of expected future cash flows and funding spreads. Deposits. The significant inputs to the valuation of time deposits are interest rates and the amount and timing of future cash flows. The inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firm’s other derivative instruments described above. See Note 7 for further information about derivatives and Note 13 for further information about deposits. Other Secured Financings. The significant inputs to the valuation of other secured financings are the amount and timing of expected future cash flows, interest rates, funding spreads and the fair value of the collateral delivered by the firm (determined using the amount and timing of expected future cash flows, market prices, market yields and recovery assumptions). See Note 11 for further information about other secured financings. Unsecured Short- and Long-Term Borrowings. The significant inputs to the valuation of unsecured short- and long-term borrowings are the amount and timing of expected future cash flows, interest rates, the credit spreads of the firm and commodity prices for prepaid commodity transactions. The inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firm’s other derivative instruments described above. See Note 7 for further information about derivatives and Note 14 for further information about borrowings. Other Liabilities.
Trading Assets and Liabilities	Trading Assets and Liabilities Trading assets and liabilities include trading cash instruments and derivatives held in connection with the firm’s market-making or risk management activities. These assets and liabilities are carried at fair value either under the fair value option or in accordance with other U.S. GAAP, and the related fair value gains and losses are generally recognized in the consolidated statements of earnings.
Trading Cash Instruments	Trading Cash Instruments Trading cash instruments consists of instruments held in connection with the firm’s market-making or risk management activities. These instruments are carried at fair value and the related fair value gains and losses are recognized in the consolidated statements of earnings.
Hedge Accounting	Hedge Accounting The firm applies hedge accounting for (i) interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long- and short-term borrowings and certain fixed-rate certificates of deposit and certain U.S. government securities classified as available-for-sale, (ii) foreign exchange forward contracts used to manage the foreign exchange risk of certain available-for-sale securities, (iii) foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm’s net investment in certain non-U.S. operations and (iv) commodity futures contracts used to manage the price risk of certain commodities. To qualify for hedge accounting, the hedging instrument must be highly effective at reducing the risk from the exposure being hedged. Additionally, the firm must formally document the hedging relationship at inception and assess the hedging relationship at least on a quarterly basis to ensure the hedging instrument continues to be highly effective over the life of the hedging relationship. Fair Value Hedges The firm designates interest rate swaps as fair value hedges of certain fixed-rate unsecured long- and short-term debt and fixed-rate certificates of deposit, and beginning in the second quarter of 2022, of certain U.S. government securities classified as available-for-sale. These interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate (e.g., London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR) or Overnight Index Swap Rate), effectively converting a substantial portion of these fixed-rate financial instruments into floating-rate financial instruments. The firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of these hedging relationships in achieving offsetting changes in the fair values of the hedging instrument and the risk being hedged (i.e., interest rate risk). An interest rate swap is considered highly effective in offsetting changes in fair value attributable to changes in the hedged risk when the regression analysis results in a coefficient of determination of 80% or greater and a slope between 80% and 125%. For qualifying interest rate fair value hedges, gains or losses on derivatives are included in interest income/expense. The change in fair value of the hedged items attributable to the risk being hedged is reported as an adjustment to its carrying value (hedging adjustment) and is also included in interest income/expense. When a derivative is no longer designated as a hedge, any remaining difference between the carrying value and par value of the hedged item is amortized in interest income/expense over the remaining life of the hedged item using the effective interest method. See Note 23 for further information about interest income and interest expense. The table below presents the gains/(losses) from interest rate derivatives accounted for as hedges and the related hedged items. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investments Interest rate hedges $ 427 $ — $ 372 $ — Hedged investments (409) — (357) — Gains/(losses) $ 18 $ — $ 15 $ — Borrowings and deposits Interest rate hedges $ (7,820) $ (1,528) $ (22,629) $ (5,459) Hedged borrowings and deposits 7,741 1,365 22,279 4,991 Gains/(losses) $ (79) $ (163) $ (350) $ (468) The table below presents the carrying value of investments, deposits and unsecured borrowings that are designated in an interest rate hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values. $ in millions Carrying Value Cumulative Hedging Adjustment As of September 2022 Assets Investments $ 10,174 $ (358) Liabilities Deposits $ 7,391 $ (297) Unsecured short-term borrowings $ 7,553 $ (59) Unsecured long-term borrowings $ 150,553 $ (15,395) As of December 2021 Liabilities Deposits $ 14,131 $ 246 Unsecured short-term borrowings $ 2,167 $ 5 Unsecured long-term borrowings $ 144,934 $ 6,169 In the table above: • Cumulative hedging adjustment included $5.10 billion as of September 2022 and $5.91 billion as of December 2021 of hedging adjustments from prior hedging relationships that were de-designated and substantially all were related to unsecured long-term borrowings. • The amortized cost of investments was $10.93 billion as of September 2022. In addition, cumulative hedging adjustments for items no longer designated in a hedging relationship were $149 million as of September 2022 and $68 million as of December 2021 and were substantially all related to unsecured long-term borrowings. The firm designates foreign exchange forward contracts as fair value hedges of the foreign exchange risk of non-U.S. government securities classified as available-for-sale. See Note 8 for information about the amortized cost and fair value of such securities. The effectiveness of such hedges is assessed based on changes in spot rates. The gains/(losses) on the hedges (relating to both spot and forward points) and the foreign exchange gains/(losses) on the related available-for-sale securities are included in market making. The net gains/(losses) on hedges and related available-for-sale securities were $3 million (reflecting a gain of $189 million related to hedges and a loss of $186 million on the related hedged available-for-sale securities) for the three months ended September 2022 and were $(25) million (reflecting a gain of $425 million related to hedges and a loss of $450 million on the related hedged available-for-sale securities) for the nine months ended September 2022. The gross and net gains/(losses) were not material for both the three and nine months ended September 2021. The firm designates commodity futures contracts as fair value hedges of the price risk of certain precious metals included in commodities within trading assets. As of September 2022, the carrying value of such commodities was $627 million and the amortized cost was $664 million, and as of December 2021, the carrying value was $1.05 billion and the amortized cost was $1.02 billion. Changes in spot rates of such commodities are reflected as an adjustment to their carrying value, and the related gains/(losses) on both the commodities and the designated futures contracts are included in market making. The contractual forward points on the designated futures contracts are amortized into earnings ratably over the life of the contract and other gains/(losses) as a result of changes in the forward points are included in other comprehensive income/(loss). The cumulative hedging adjustment was not material as of both September 2022 and December 2021, and the related gains/(losses) were not material for each of the three and nine months ended September 2022 and September 2021. Net Investment Hedges The firm seeks to reduce the impact of fluctuations in foreign exchange rates on its net investments in certain non-U.S. operations through the use of foreign currency forward contracts and foreign currency-denominated debt. For foreign currency forward contracts designated as hedges, the effectiveness of the hedge is assessed based on the overall changes in the fair value of the forward contracts (i.e., based on changes in forward rates). For foreign currency-denominated debt designated as a hedge, the effectiveness of the hedge is assessed based on changes in spot rates. For qualifying net investment hedges, all gains or losses on the hedging instruments are included in currency translation. The table below presents the gains/(losses) from net investment hedging. Three Months Nine Months $ in millions 2022 2021 2022 2021 Hedges: Foreign currency forward contract $ 1,097 $ 373 $ 2,310 $ 600 Foreign currency-denominated debt $ 551 $ 31 $ 1,147 $ 290
Investments	Investments includes debt instruments and equity securities that are accounted for at fair value and are generally held by the firm in connection with its long-term investing activities. In addition, investments includes debt securities classified as available-for-sale and held-to-maturity that are generally held in connection with the firm’s asset-liability management activities. Investments also consists of equity securities that are accounted for under the equity method. The table below presents information about investments. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Debt instruments, at fair value 14,096 15,558 Available-for-sale securities, at fair value 48,125 48,932 Investments, at fair value 77,580 83,427 Held-to-maturity securities 48,549 4,699 Equity method investments 834 593 Total investments $ 126,963 $ 88,719 Equity Securities and Debt Instruments, at Fair Value Equity securities and debt instruments, at fair value are accounted for at fair value either under the fair value option or in accordance with other U.S. GAAP, and the related fair value gains and losses are recognized in the consolidated statements of earnings. Equity Securities, at Fair Value. Equity securities, at fair value consists of the firm’s public and private equity investments in corporate and real estate entities. The table below presents information about equity securities, at fair value. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Equity Type Public equity 17 % 24 % Private equity 83 % 76 % Total 100 % 100 % Asset Class Corporate 73 % 78 % Real estate 27 % 22 % Total 100 % 100 % In the table above: • Equity securities, at fair value included investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $5.07 billion as of September 2022 and $5.81 billion as of December 2021. Gains/(losses) recognized as a result of changes in the fair value of equity securities for which the fair value option was elected were $(118) million for the three months ended September 2022, $177 million for the three months ended September 2021, $(189) million for the nine months ended September 2022 and $1.81 billion for the nine months ended September 2021. These gains/(losses) are included in other principal transactions. • Equity securities, at fair value included $1.33 billion as of September 2022 and $1.80 billion as of December 2021 of investments in funds that are measured at NAV. Debt Instruments, at Fair Value. Debt instruments, at fair value primarily includes mezzanine, senior and distressed debt. The table below presents information about debt instruments, at fair value. As of September December $ in millions 2022 2021 Corporate debt securities $ 9,828 $ 9,793 Securities backed by real estate 1,316 2,280 Money market instruments 1,002 1,396 Other 1,950 2,089 Total $ 14,096 $ 15,558 In the table above: • Money market instruments primarily includes time deposits and investments in money market funds. • Other included $1.64 billion as of September 2022 and $1.67 billion as of December 2021 of investments in credit funds that are measured at NAV. Investments in Funds at Net Asset Value Per Share. Equity securities and debt instruments, at fair value include investments in funds that are measured at NAV of the investment fund. The firm uses NAV to measure the fair value of fund investments when (i) the fund investment does not have a readily determinable fair value and (ii) the NAV of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the investments at fair value. Substantially all of the firm’s investments in funds at NAV consist of investments in firm-sponsored private equity, credit, real estate and hedge funds where the firm co-invests with third-party investors. Private equity funds primarily invest in a broad range of industries worldwide, including leveraged buyouts, recapitalizations, growth investments and distressed investments. Credit funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for leveraged and management buyout transactions, recapitalizations, financings, refinancings, acquisitions and restructurings for private equity firms, private family companies and corporate issuers. Real estate funds invest globally, primarily in real estate companies, loan portfolios, debt recapitalizations and property. Private equity, credit and real estate funds are closed-end funds in which the firm’s investments are generally not eligible for redemption. Distributions will be received from these funds as the underlying assets are liquidated or distributed, the timing of which is uncertain. The firm also invests in hedge funds, primarily multi-disciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies. The firm’s investments in hedge funds primarily include interests where the underlying assets are illiquid in nature, and proceeds from redemptions will not be received until the underlying assets are liquidated or distributed, the timing of which is uncertain. Private equity and hedge funds, in which the firm is invested, include “covered funds” as defined in the Volcker Rule of the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Substantially all of the credit and real estate funds, in which the firm is invested, are not covered funds. As of September 2022, the firm’s total investments in funds at NAV included investments of approximately $400 million (net of the firm’s share of cash in the funds) in certain legacy “illiquid funds” (as defined in the Volcker Rule) for which the firm conformed by restructuring these funds to be non-covered funds as liquidating trusts by July 2022. However, based on recent interpretations of the covered fund provisions of the Volcker Rule, the firm may be required to seek an additional extension from the Board of Governors of the Federal Reserve System (FRB) to bring these funds into conformance. If the firm does not receive any required extensions or conform by the end of any extensions received, the firm may be required to sell such interests. If that occurs, the firm may receive a value for its interests that is less than the then carrying value as there could be a limited secondary market for these investments and the firm may be unable to sell them in orderly transactions. The table below presents the fair value of investments in funds at NAV and the related unfunded commitments. $ in millions Fair Value of Investments Unfunded Commitments As of September 2022 Private equity funds $ 955 $ 589 Credit funds 1,649 417 Hedge funds 70 — Real estate funds 297 129 Total $ 2,971 $ 1,135 As of December 2021 Private equity funds $ 1,411 $ 619 Credit funds 1,686 556 Hedge funds 84 — Real estate funds 288 147 Total $ 3,469 $ 1,322 Available-for-Sale Securities Available-for-sale securities are accounted for at fair value, and the related unrealized fair value gains and losses are included in accumulated other comprehensive income/(loss) unless designated in a fair value hedging relationship. See Note 7 for information about available-for-sale securities that are designated in a hedging relationship. The table below presents information about available-for-sale securities by tenor. $ in millions Amortized Cost Fair Value Weighted Average Yield As of September 2022 Less than 1 year $ 2,353 $ 2,295 0.24 % 1 year to 5 years 46,366 43,125 0.65 % 5 years to 10 years 830 776 2.14 % Total U.S. government obligations 49,549 46,196 0.65 % 1 year to 5 years 9 9 0.28 % 5 years to 10 years 2,461 1,920 0.40 % Total non-U.S. government obligations 2,470 1,929 0.40 % Total available-for-sale securities $ 52,019 $ 48,125 0.64 % As of December 2021 Less than 1 year $ 25 $ 25 0.12 % 1 year to 5 years 41,536 41,066 0.47 % 5 years to 10 years 5,337 5,229 0.92 % Greater than 10 years 2 2 2.00 % Total U.S. government obligations 46,900 46,322 0.53 % 5 years to 10 years 2,693 2,610 0.33 % Total non-U.S. government obligations 2,693 2,610 0.33 % Total available-for-sale securities $ 49,593 $ 48,932 0.52 % In the table above: • Available-for-sale securities were classified in level 1 of the fair value hierarchy as of both September 2022 and December 2021. • The weighted average yield for available-for-sale securities is presented on a pre-tax basis and computed using the effective interest rate of each security at the end of the period, weighted based on the fair value of each security. • The gross unrealized gains included in accumulated other comprehensive income/(loss) were not material and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $3.89 billion as of September 2022 and primarily related to U.S. government obligations in a continuous unrealized loss position for more than a year. The gross unrealized gains included in accumulated other comprehensive income/(loss) were $118 million and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $779 million as of December 2021 and primarily related to U.S. government obligations in a continuous unrealized loss position for less than a year. Net unrealized losses included in other comprehensive income/(loss) were $836 million ($615 million, net of tax) for the three months ended September 2022, $152 million ($114 million, net of tax) for the three months ended September 2021, $3.23 billion ($2.41 billion, net of tax) for the nine months ended September 2022 and $880 million ($658 million, net of tax) for the nine months ended September 2021. • If the fair value of available-for-sale securities is less than amortized cost, such securities are considered impaired. If the firm has the intent to sell the debt security, or if it is more likely than not that the firm will be required to sell the debt security before recovery of its amortized cost, the difference between the amortized cost (net of allowance, if any) and the fair value of the securities is recognized as an impairment loss in earnings. The firm did not record any such impairment losses during either the three or nine months ended September 2022 or September 2021. Impaired available-for-sale debt securities that the firm has the intent and ability to hold are reviewed to determine if an allowance for credit losses should be recorded. The firm considers various factors in such determination, including market conditions, changes in issuer credit ratings and severity of the unrealized losses. The firm did not record any provision for credit losses on such securities during either the three or nine months ended September 2022 or September 2021. The table below presents gross realized gains and the proceeds from the sales of available-for-sale securities. Three Months Nine Months $ in millions 2022 2021 2022 2021 Gross realized gains $ — $ 54 $ — $ 187 Proceeds from sales $ — $ 11,467 $ 2 $ 24,882 In the table above, the realized gains were reclassified from accumulated other comprehensive income/(loss) to other principal transactions in the consolidated statements of earnings. Fair Value of Investments by Level The table below presents investments accounted for at fair value by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Government and agency obligations: U.S. $ 46,196 $ — $ — $ 46,196 Non-U.S. 1,921 20 — 1,941 Corporate debt securities 160 2,930 6,738 9,828 Securities backed by real estate — 404 912 1,316 Money market instruments 24 978 — 1,002 Other debt obligations — 8 284 292 Equity securities 1,974 3,040 9,020 14,034 Subtotal $ 50,275 $ 7,380 $ 16,954 $ 74,609 Investments in funds at NAV 2,971 Total investments $ 77,580 As of December 2021 Government and agency obligations: U.S. $ 46,322 $ — $ — $ 46,322 Non-U.S. 2,612 — — 2,612 Corporate debt securities 65 5,201 4,527 9,793 Securities backed by real estate — 1,202 1,078 2,280 Money market instruments 41 1,355 — 1,396 Other debt obligations — 35 382 417 Equity securities 2,135 7,088 7,915 17,138 Subtotal $ 51,175 $ 14,881 $ 13,902 $ 79,958 Investments in funds at NAV 3,469 Total investments $ 83,427 See Note 4 for an overview of the firm’s fair value measurement policies and the valuation techniques and significant inputs used to determine the fair value of investments. Significant Unobservable Inputs The table below presents the amount of level 3 investments, and ranges and weighted averages of significant unobservable inputs used to value such investments. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Amount or Range Weighted Corporate debt securities Level 3 assets $ 6,738 $ 4,527 Yield 2.0% to 21.8% 11.8 % 2.0% to 29.0% 10.8 % Recovery rate 9.1% to 78.5% 51.7 % 9.1% to 76.0% 59.1 % Duration (years) 1.2 to 5.5 3.9 1.4 to 6.4 3.8 Multiples 1.9x to 66.5x 7.8x 0.5x to 28.2x 6.9x Securities backed by real estate Level 3 assets $ 912 $ 1,078 Yield 8.3% to 23.3% 15.4 % 8.3% to 20.3% 13.1 % Recovery rate N/A N/A 55.1% to 61.0% 56.4 % Duration (years) 1.0 to 4.2 4.1 0.1 to 2.6 1.2 Other debt obligations Level 3 assets $ 284 $ 382 Yield 5.0% to 20.0% 7.1 % 2.3% to 10.6% 3.2 % Duration (years) 0.4 to 1.5 1.3 0.9 to 9.3 4.8 Equity securities Level 3 assets $ 9,020 $ 7,915 Multiples 0.4x to 34.4x 9.0x 0.4x to 30.5x 10.1x Discount rate/yield 6.0% to 38.5% 14.7 % 2.0% to 35.0% 14.1 % Capitalization rate 4.0% to 10.8% 5.4 % 3.5% to 14.0% 5.7 % In the table above: • Ranges represent the significant unobservable inputs that were used in the valuation of each type of investment. • Weighted averages are calculated by weighting each input by the relative fair value of the investment. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one investment. For example, the highest multiple for private equity securities is appropriate for valuing a specific private equity security but may not be appropriate for valuing any other private equity security. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 investments. • Increases in yield, discount rate, capitalization rate or duration used in the valuation of level 3 investments would have resulted in a lower fair value measurement, while increases in recovery rate or multiples would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 investment, the interrelationship of inputs is not necessarily uniform within each product type. • Corporate debt securities, securities backed by real estate and other debt obligations are valued using discounted cash flows, and equity securities are valued using market comparables and discounted cash flows. • The fair value of any one instrument may be determined using multiple valuation techniques. For example, market comparables and discounted cash flows may be used together to determine fair value. Therefore, the level 3 balance encompasses both of these techniques. • The significant unobservable inputs for recovery rate related to securities backed by real estate as of September 2022 did not have a range (and there was no weighted average) as they pertained to a single position. Therefore, such unobservable inputs are not included in the table above. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 investments. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ 16,109 $ 16,332 $ 13,902 $ 16,423 Net realized gains/(losses) 103 78 428 184 Net unrealized gains/(losses) (407) 155 (1,828) 1,244 Purchases 445 496 1,385 1,467 Sales (236) (478) (741) (1,070) Settlements (272) (831) (1,461) (2,421) Transfers into level 3 1,687 806 6,425 1,843 Transfers out of level 3 (475) (2,879) (1,156) (3,991) Ending balance $ 16,954 $ 13,679 $ 16,954 $ 13,679 In the table above: • Changes in fair value are presented for all investments that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to investments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If an investment was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 investments, increases are shown as positive amounts, while decreases are shown as negative amounts. The table below presents information, by product type, for investments included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Corporate debt securities Beginning balance $ 6,576 $ 4,958 $ 4,527 $ 5,286 Net realized gains/(losses) 69 33 224 150 Net unrealized gains/(losses) (111) 47 (297) 302 Purchases 137 101 624 374 Sales (78) (204) (151) (383) Settlements (143) (601) (810) (1,254) Transfers into level 3 659 529 2,944 1,120 Transfers out of level 3 (371) (586) (323) (1,318) Ending balance $ 6,738 $ 4,277 $ 6,738 $ 4,277 Securities backed by real estate Beginning balance $ 1,067 $ 1,117 $ 1,078 $ 998 Net realized gains/(losses) 7 12 21 29 Net unrealized gains/(losses) (88) (11) (287) 25 Purchases 17 14 76 212 Sales (47) (19) (96) (43) Settlements (23) (51) (140) (247) Transfers into level 3 1 26 269 114 Transfers out of level 3 (22) — (9) — Ending balance $ 912 $ 1,088 $ 912 $ 1,088 Other debt obligations Beginning balance $ 303 $ 502 $ 382 $ 497 Net realized gains/(losses) 3 4 9 9 Net unrealized gains/(losses) (3) 1 (8) 1 Purchases 4 10 28 32 Sales — (1) — (3) Settlements (23) (33) (127) (54) Transfers out of level 3 — (96) — (95) Ending balance $ 284 $ 387 $ 284 $ 387 Equity securities Beginning balance $ 8,163 $ 9,755 $ 7,915 $ 9,642 Net realized gains/(losses) 24 29 174 (4) Net unrealized gains/(losses) (205) 118 (1,236) 916 Purchases 287 371 657 849 Sales (111) (254) (494) (641) Settlements (83) (146) (384) (866) Transfers into level 3 1,027 251 3,212 609 Transfers out of level 3 (82) (2,197) (824) (2,578) Ending balance $ 9,020 $ 7,927 $ 9,020 $ 7,927 Level 3 Rollforward Commentary Three Months Ended September 2022 . The net realized and unrealized losses on level 3 investments of $304 million (reflecting $103 million of net realized gains and $407 million of net unrealized losses) for the three months ended September 2022 included gains/(losses) of $(427) million reported in other principal transactions and $123 million reported in interest income. The net unrealized losses on level 3 investments for the three months ended September 2022 primarily reflected losses on certain equity securities and corporate debt securities (in each case, principally driven by broad macroeconomic concerns). Transfers into level 3 investments during the three months ended September 2022 primarily reflected transfers of certain equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments) and transfers of certain corporate debt securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments, and certain unobservable yield and duration inputs becoming significant to the valuation of these instruments). Transfers out of level 3 investments during the three months ended September 2022 primarily reflected transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments). Nine Months Ended September 2022 . The net realized and unrealized losses on level 3 investments of $1.40 billion (reflecting $428 million of net realized gains and $1.83 billion of net unrealized losses) for the nine months ended September 2022 included gains/(losses) of $(1.71) billion reported in other principal transactions and $314 million reported in interest income. The net unrealized losses on level 3 investments for the nine months ended September 2022 primarily reflected losses on certain equity securities and corporate debt securities (in each case, principally driven by broad macroeconomic and geopolitical concerns) and securities backed by real estate (principally driven by an increase in interest rates). Transfers into level 3 investments during the nine months ended September 2022 primarily reflected transfers of certain equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments), and transfers of certain corporate debt securities from level 2 (principally due to certain unobservable yield and duration inputs becoming significant to the valuation of these instruments, and reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the nine months ended September 2022 primarily reflected transfers of certain equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments, and certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments). Three Months Ended September 2021. The net realized and unrealized gains on level 3 investments of $233 million (reflecting $78 million of net realized gains and $155 million of net unrealized gains) for the three months ended September 2021 included gains of $183 million reported in other principal transactions and $50 million reported in interest income. The net unrealized gains on level 3 investments for the three months ended September 2021 primarily reflected gains on certain private equity securities (principally driven by corporate performance and company-specific events). Transfers into level 3 investments during the three months ended September 2021 primarily reflected transfers of certain corporate debt securities and private equity securities from level 2 (in each case, principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the three months ended September 2021 primarily reflected transfers of certain private equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments, and increased price transparency as a result of market evidence, including market transactions in these instruments). Nine Months Ended September 2021. The net realized and unrealized gains on level 3 investments of $1.43 billion (reflecting $184 million of net realized gains and $1.24 billion of net unrealized gains) for the nine months ended September 2021 included gains of $1.29 billion reported in other principal transactions and $135 million reported in interest income. The net unrealized gains on level 3 investments for the nine months ended September 2021 primarily reflected gains on certain private equity securities and corporate debt securities (in each case, principally driven by corporate performance and company-specific events). Transfers into level 3 investments during the nine months ended September 2021 primarily reflected transfers of certain corporate debt securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments, and certain unobservable yield and duration inputs becoming significant to the valuation of these instruments) and transfers of certain private equity securities from level 2 (principally due to reduced price transparency as a result of a lack of market evidence, including fewer market transactions in these instruments). Transfers out of level 3 investments during the nine months ended September 2021 primarily reflected transfers of certain private equity securities to level 2 (principally due to increased price transparency as a result of market evidence, including market transactions in these instruments) and transfers of certain corporate debt securities to level 2 (principally due to certain unobservable yield and duration inputs no longer being significant to the valuation of these instruments, and increased price transparency as a result of market evidence, including market transactions of these instruments). Held-to-Maturity Securities
Held to Maturity Securities	Held-to-maturity securities are reviewed to determine if an allowance for credit losses should be recorded in the consolidated statements of earnings. The firm considers various factors in such determination, including market conditions, changes in issuer credit ratings, historical credit losses and sovereign guarantees. Provision for credit losses on such securities was not material during either the three or nine months ended September 2022 or September 2021.
Loans	Loans includes (i) loans held for investment that are accounted for at amortized cost net of allowance for loan losses or at fair value under the fair value option and (ii) loans held for sale that are accounted for at the lower of cost or fair value. Interest on loans is recognized over the life of the loan and is recorded on an accrual basis. The table below presents information about loans. $ in millions Amortized Fair Value Held For Sale Total As of September 2022 Loan Type Corporate $ 57,431 $ 1,844 $ 3,906 $ 63,181 Wealth management 45,564 4,537 — 50,101 Commercial real estate 22,214 1,277 2,591 26,082 Residential real estate 14,084 257 1 14,342 Consumer: Installment 5,157 — — 5,157 Credit cards 13,691 — — 13,691 Other 8,324 335 302 8,961 Total loans, gross 166,465 8,250 6,800 181,515 Allowance for loan losses (4,846) — — (4,846) Total loans $ 161,619 $ 8,250 $ 6,800 $ 176,669 As of December 2021 Loan Type Corporate $ 50,960 $ 2,492 $ 2,475 $ 55,927 Wealth management 38,062 5,936 — 43,998 Commercial real estate 21,150 1,588 3,145 25,883 Residential real estate 15,493 320 100 15,913 Consumer: Installment 3,672 — — 3,672 Credit cards 8,212 — — 8,212 Other 5,958 433 2,139 8,530 Total loans, gross 143,507 10,769 7,859 162,135 Allowance for loan losses (3,573) — — (3,573) Total loans $ 139,934 $ 10,769 $ 7,859 $ 158,562 In the table above: • The increase in credit cards from December 2021 to September 2022 reflected approximately $2.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. • Loans held for investment that are accounted for at amortized cost include net deferred fees and costs, and unamortized premiums and discounts, which are amortized over the life of the loan. These amounts were less than 1% of loans accounted for at amortized cost as of both September 2022 and December 2021. The following is a description of the loan types in the table above: • Corporate. Corporate loans includes term loans, revolving lines of credit, letter of credit facilities and bridge loans, and are principally used for operating and general corporate purposes, or in connection with acquisitions. Corporate loans may be secured or unsecured, depending on the loan purpose, the risk profile of the borrower and other factors. • Wealth Management. Wealth management loans includes loans extended to private bank clients, including wealth management and other clients. These loans are used to finance investments in both financial and nonfinancial assets, bridge cash flow timing gaps or provide liquidity for other needs. Substantially all of such loans are secured by securities, residential real estate, commercial real estate or other assets. • Commercial Real Estate. Commercial real estate loans includes originated loans (other than those extended to private bank clients) that are directly or indirectly secured by hotels, retail stores, multifamily housing complexes and commercial and industrial properties. Commercial real estate loans also includes loans extended to clients who warehouse assets that are directly or indirectly backed by commercial real estate. In addition, commercial real estate includes loans purchased by the firm. • Residential Real Estate. Residential real estate loans primarily includes loans extended by the firm to clients (other than those extended to private bank clients) who warehouse assets that are directly or indirectly secured by residential real estate and loans purchased by the firm. • Installment. Installment loans are unsecured loans originated by the firm (including point-of-sale loans that the firm began to originate through the GreenSky platform in the third quarter of 2022). • Credit Cards. Credit card loans are loans made pursuant to revolving lines of credit issued to consumers by the firm. • Other. Other loans primarily includes loans extended to clients who warehouse assets that are directly or indirectly secured by consumer loans, including auto loans and private student loans, and other assets. Other loans also includes unsecured consumer and credit card loans purchased by the firm. Credit Quality Risk Assessment. The firm’s risk assessment process includes evaluating the credit quality of its loans by the firm’s independent risk oversight and control function. For corporate loans and a majority of wealth management, real estate and other loans, the firm performs credit analyses which incorporate initial and ongoing evaluations of the capacity and willingness of a borrower to meet its financial obligations. These credit evaluations are performed on an annual basis or more frequently if deemed necessary as a result of events or changes in circumstances. The firm determines an internal credit rating for the borrower by considering the results of the credit evaluations and assumptions with respect to the nature of and outlook for the borrower’s industry and the economic environment. The internal credit rating does not take into consideration collateral received or other credit support arrangements. The table below presents gross loans by an internally determined public rating agency equivalent or other credit metrics and the concentration of secured and unsecured loans. $ in millions Investment-Grade Non-Investment- Grade Other Metrics/Unrated Total As of September 2022 Accounting Method Amortized cost $ 62,336 $ 78,212 $ 25,917 $ 166,465 Fair value 1,784 3,606 2,860 8,250 Held for sale 1,036 5,703 61 6,800 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Loan Type Corporate $ 21,072 $ 42,033 $ 76 $ 63,181 Wealth management 36,376 6,090 7,635 50,101 Real estate: Commercial 2,586 23,246 250 26,082 Residential 935 12,406 1,001 14,342 Consumer: Installment — — 5,157 5,157 Credit cards — — 13,691 13,691 Other 4,187 3,746 1,028 8,961 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Secured 85 % 93 % 31 % 80 % Unsecured 15 % 7 % 69 % 20 % Total 100 % 100 % 100 % 100 % As of December 2021 Accounting Method Amortized cost $ 50,923 $ 75,179 $ 17,405 $ 143,507 Fair value 2,301 4,634 3,834 10,769 Held for sale 1,650 4,747 1,462 7,859 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Loan Type Corporate $ 15,370 $ 40,389 $ 168 $ 55,927 Wealth management 31,476 5,730 6,792 43,998 Real estate: Commercial 3,986 21,523 374 25,883 Residential 1,112 13,779 1,022 15,913 Consumer: Installment — — 3,672 3,672 Credit cards — — 8,212 8,212 Other 2,930 3,139 2,461 8,530 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Secured 85 % 92 % 36 % 82 % Unsecured 15 % 8 % 64 % 18 % Total 100 % 100 % 100 % 100 % In the table above: • Wealth management loans included in the other metrics/unrated category primarily consists of loans backed by residential real estate and securities, and real estate loans included in the other metrics/unrated category primarily consists of purchased loans. The firm’s risk assessment process for these loans includes reviewing certain key metrics, such as loan-to-value ratio, delinquency status, collateral values, expected cash flows, the Fair Isaac Corporation (FICO) credit score (which measures a borrower’s creditworthiness by considering factors such as payment and credit history) and other risk factors. • For installment and credit card loans included in the other metrics/unrated category, the evaluation of credit quality incorporates the borrower’s FICO credit score. FICO credit scores are periodically refreshed by the firm to assess the updated creditworthiness of the borrower. See “Vintage” below for information about installment and credit card loans by FICO credit scores. The firm also assigns a regulatory risk rating to its loans based on the definitions provided by the U.S. federal bank regulatory agencies. Total loans included 93% of loans as of September 2022 and 92% of loans as of December 2021 that were rated pass/non-criticized. Vintage. The tables below present gross loans accounted for at amortized cost (excluding installment and credit card loans) by an internally determined public rating agency equivalent or other credit metrics and origination year for term loans. As of September 2022 $ in millions Investment- Non-Investment- Other Metrics/ Total 2022 $ 4,364 $ 3,512 $ — $ 7,876 2021 3,847 7,031 — 10,878 2020 1,246 4,334 — 5,580 2019 325 3,333 — 3,658 2018 1,833 2,064 — 3,897 2017 or earlier 1,063 3,026 — 4,089 Revolving 7,259 14,193 1 21,453 Corporate 19,937 37,493 1 57,431 2022 1,886 766 907 3,559 2021 1,391 1,069 1,175 3,635 2020 522 377 — 899 2019 411 225 — 636 2018 356 36 — 392 2017 or earlier 686 468 — 1,154 Revolving 30,018 2,083 3,188 35,289 Wealth management 35,270 5,024 5,270 45,564 2022 39 3,053 157 3,249 2021 219 3,437 — 3,656 2020 85 1,420 — 1,505 2019 47 1,203 — 1,250 2018 184 488 — 672 2017 or earlier 655 674 6 1,335 Revolving 863 9,684 — 10,547 Commercial real estate 2,092 19,959 163 22,214 2022 97 734 218 1,049 2021 141 1,208 229 1,578 2020 — 11 91 102 2019 — — 101 101 2018 — 103 142 245 2017 or earlier 6 2 144 152 Revolving 669 10,188 — 10,857 Residential real estate 913 12,246 925 14,084 2022 — 84 114 198 2021 — 556 160 716 2020 — 30 320 350 2019 — 11 13 24 2018 — 13 10 23 2017 or earlier — 4 5 9 Revolving 4,124 2,792 88 7,004 Other 4,124 3,490 710 8,324 Total $ 62,336 $ 78,212 $ 7,069 $ 147,617 Percentage of total 42 % 53 % 5 % 100 % As of December 2021 $ in millions Investment- Non-Investment- Other Metrics/ Total 2021 $ 4,687 $ 10,424 $ 52 $ 15,163 2020 1,911 4,561 7 6,479 2019 451 3,949 — 4,400 2018 1,842 2,901 — 4,743 2017 733 1,857 — 2,590 2016 or earlier 274 1,693 — 1,967 Revolving 3,800 11,744 74 15,618 Corporate 13,698 37,129 133 50,960 2021 1,405 1,186 1,265 3,856 2020 558 287 — 845 2019 537 352 — 889 2018 334 38 — 372 2017 380 31 — 411 2016 or earlier 565 243 — 808 Revolving 26,349 2,127 2,405 30,881 Wealth management 30,128 4,264 3,670 38,062 2021 334 4,084 94 4,512 2020 127 1,890 — 2,017 2019 52 1,336 — 1,388 2018 207 829 — 1,036 2017 398 624 — 1,022 2016 or earlier 405 583 7 995 Revolving 1,768 8,412 — 10,180 Commercial real estate 3,291 17,758 101 21,150 2021 113 1,944 253 2,310 2020 260 557 103 920 2019 — — 173 173 2018 — 84 165 249 2017 8 65 119 192 2016 or earlier — 1 56 57 Revolving 673 10,919 — 11,592 Residential real estate 1,054 13,570 869 15,493 2021 — 694 261 955 2020 — 59 378 437 2019 — 25 19 44 2018 — 30 — 30 2017 — 5 8 13 Revolving 2,752 1,645 82 4,479 Other 2,752 2,458 748 5,958 Total $ 50,923 $ 75,179 $ 5,521 $ 131,623 Percentage of total 39 % 57 % 4 % 100 % In the tables above, revolving loans which converted to term loans were $1.25 billion as of September 2022 and were not material as of December 2021. The table below presents gross installment loans by refreshed FICO credit scores and origination year and gross credit card loans by refreshed FICO credit scores. $ in millions Greater than or Less than 660 Total As of September 2022 2022 $ 2,951 $ 118 $ 3,069 2021 1,271 102 1,373 2020 324 27 351 2019 210 29 239 2018 98 17 115 2017 or earlier 8 2 10 Installment 4,862 295 5,157 Credit cards 9,495 4,196 13,691 Total $ 14,357 $ 4,491 $ 18,848 Percentage of total: Installment 94 % 6 % 100 % Credit cards 69 % 31 % 100 % Total 76 % 24 % 100 % As of December 2021 2021 $ 2,017 $ 42 $ 2,059 2020 665 40 705 2019 508 61 569 2018 257 42 299 2017 32 7 39 2016 1 — 1 Installment 3,480 192 3,672 Credit cards 6,100 2,112 8,212 Total $ 9,580 $ 2,304 $ 11,884 Percentage of total: Installment 95 % 5 % 100 % Credit cards 74 % 26 % 100 % Total 81 % 19 % 100 % In the table above, credit card loans consist of revolving lines of credit. Credit Concentrations. The table below presents the concentration of gross loans by region. $ in millions Carrying Americas EMEA Asia Total As of September 2022 Corporate $ 63,181 64 % 29 % 7 % 100 % Wealth management 50,101 89 % 10 % 1 % 100 % Commercial real estate 26,082 79 % 16 % 5 % 100 % Residential real estate 14,342 95 % 3 % 2 % 100 % Consumer: Installment 5,157 100 % — — 100 % Credit cards 13,691 100 % — — 100 % Other 8,961 89 % 10 % 1 % 100 % Total $ 181,515 80 % 16 % 4 % 100 % As of December 2021 Corporate $ 55,927 54 % 38 % 8 % 100 % Wealth management 43,998 87 % 10 % 3 % 100 % Commercial real estate 25,883 80 % 15 % 5 % 100 % Residential real estate 15,913 95 % 2 % 3 % 100 % Consumer: Installment 3,672 100 % — — 100 % Credit cards 8,212 100 % — — 100 % Other 8,530 84 % 15 % 1 % 100 % Total $ 162,135 76 % 19 % 5 % 100 % In the table above: • EMEA represents Europe, Middle East and Africa. • The top five industry concentrations for corporate loans as of September 2022 were 23% for funds, 17% for technology, media & telecommunications, 12% for diversified industrials, 8% for financial institutions, and 8% for real estate. • The top five industry concentrations for corporate loans as of December 2021 were 21% for funds, 18% for technology, media & telecommunications, 13% for diversified industrials, 9% for natural resources & utilities, and 8% for financial institutions. Nonaccrual and Past Due Loans. Loans accounted for at amortized cost (other than credit card loans) are placed on nonaccrual status when it is probable that the firm will not collect all principal and interest due under the contractual terms, regardless of the delinquency status or if a loan is past due for 90 days or more, unless the loan is both well collateralized and in the process of collection. At that time, all accrued but uncollected interest is reversed against interest income and interest subsequently collected is recognized on a cash basis to the extent the loan balance is deemed collectible. Otherwise, all cash received is used to reduce the outstanding loan balance. A loan is considered past due when a principal or interest payment has not been made according to its contractual terms. Credit card loans are not placed on nonaccrual status and accrue interest until the loan is paid in full or is charged off. In certain circumstances, the firm may modify the original terms of a loan agreement by granting a concession to a borrower experiencing financial difficulty, typically in the form of a modification of loan covenants, but may also include forbearance of interest or principal, payment extensions or interest rate reductions. These modifications, to the extent significant, are considered TDRs. Loan modifications that extend payment terms for a period of less than 90 days are generally considered insignificant and therefore not reported as TDRs. The table below presents information about past due loans. $ in millions 30-89 days 90 days Total As of September 2022 Corporate $ 12 $ 129 $ 141 Wealth management 253 37 290 Commercial real estate 24 316 340 Residential real estate 2 7 9 Consumer: Installment 34 12 46 Credit cards 226 196 422 Other 20 8 28 Total $ 571 $ 705 $ 1,276 Total divided by gross loans at amortized cost 0.8 % As of December 2021 Corporate $ 5 $ 90 $ 95 Wealth management — 20 20 Commercial real estate 7 143 150 Residential real estate 3 4 7 Consumer: Installment 20 7 27 Credit cards 86 71 157 Other 15 3 18 Total $ 136 $ 338 $ 474 Total divided by gross loans at amortized cost 0.3 % The table below presents information about nonaccrual loans. As of September December $ in millions 2022 2021 Corporate $ 1,422 $ 1,559 Wealth management 213 21 Commercial real estate 574 841 Residential real estate 4 5 Installment 38 43 Total $ 2,251 $ 2,469 Total divided by gross loans at amortized cost 1.4 % 1.7 % In the table above: • Nonaccrual loans included $598 million as of September 2022 and $254 million as of December 2021 of loans that were 30 days or more past due. • Loans that were 90 days or more past due and still accruing were not material as of both September 2022 and December 2021. • Nonaccrual loans included $212 million as of September 2022 and $267 million as of December 2021 of corporate and commercial real estate loans that were modified in a TDR. The firm’s lending commitments related to these loans were not material as of both September 2022 and December 2021. Installment loans that were modified in a TDR were not material as of both September 2022 and December 2021. • Allowance for loan losses as a percentage of total nonaccrual loans was 215.3% as of September 2022 and 144.7% as of December 2021. Allowance for Credit Losses The firm’s allowance for credit losses consists of the allowance for losses on loans and lending commitments accounted for at amortized cost. Loans and lending commitments accounted for at fair value or accounted for at the lower of cost or fair value are not subject to an allowance for credit losses. To determine the allowance for credit losses, the firm classifies its loans and lending commitments accounted for at amortized cost into wholesale and consumer portfolios. These portfolios represent the level at which the firm has developed and documented its methodology to determine the allowance for credit losses. The allowance for credit losses is measured on a collective basis for loans that exhibit similar risk characteristics using a modeled approach and on an asset-specific basis for loans that do not share similar risk characteristics. The allowance for credit losses takes into account the weighted average of a range of forecasts of future economic conditions over the expected life of the loan and lending commitments. The expected life of each loan or lending commitment is determined based on the contractual term adjusted for extension options or demand features, or is modeled in the case of revolving credit card loans. The forecasts include baseline, favorable and adverse economic scenarios over a three-year period. For loans with expected lives beyond three years, the model reverts to historical loss information based on a non-linear modeled approach. The forecasted economic scenarios consider a number of risk factors relevant to the wholesale and consumer portfolios described below. The firm applies judgment in weighing individual scenarios each quarter based on a variety of factors, including the firm’s internally derived economic outlook, market consensus, recent macroeconomic conditions and industry trends. The allowance for credit losses also includes qualitative components which allow management to reflect the uncertain nature of economic forecasting, capture uncertainty regarding model inputs, and account for model imprecision and concentration risk. Management’s estimate of credit losses entails judgment about the expected life of the loan and loan collectability at the reporting dates, and there are uncertainties inherent in those judgments. The allowance for credit losses is subject to a governance process that involves review and approval by senior management within the firm’s independent risk oversight and control functions. Personnel within the firm’s independent risk oversight and control functions are responsible for forecasting the economic variables that underlie the economic scenarios that are used in the modeling of expected credit losses. While management uses the best information available to determine this estimate, future adjustments to the allowance may be necessary based on, among other things, changes in the economic environment or variances between actual results and the original assumptions used. The table below presents gross loans and lending commitments accounted for at amortized cost by portfolio. As of September 2022 December 2021 $ in millions Loans Lending Commitments Loans Lending Wholesale Corporate $ 57,431 $139,946 $ 50,960 $143,296 Wealth management 45,564 4,638 38,062 4,091 Commercial real estate 22,214 2,715 21,150 4,306 Residential real estate 14,084 2,793 15,493 3,317 Other 8,324 4,940 5,958 6,169 Consumer Installment 5,157 957 3,672 9 Credit cards 13,691 60,655 8,212 35,932 Total $ 166,465 $216,644 $ 143,507 $197,120 In the table above: • Wholesale loans included $2.21 billion as of September 2022 and $2.43 billion as of December 2021 of nonaccrual loans for which the allowance for credit losses was measured on an asset-specific basis. The allowance for credit losses on these loans was $449 million as of September 2022 and $543 million as of December 2021. These loans included $313 million as of September 2022 and $140 million as of December 2021 of loans which did not require a reserve as the loan was deemed to be recoverable. • Credit card lending commitments included $60.66 billion as of September 2022 and $33.97 billion as of December 2021 related to credit card lines issued by the firm to consumers. These credit card lines are cancellable by the firm. The increase in credit card lending commitments from December 2021 to September 2022 reflected approximately $15.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. In addition, credit card lending commitments as of December 2021 included a commitment of approximately $2.0 billion to acquire the outstanding credit card loans related to the General Motors co-branded credit card portfolio. See Note 18 for further information about lending commitments. • The increase in installment lending commitments from December 2021 to September 2022 primarily relates to commitments extended in connection with point-of-sale financing. See Note 18 for further information about lending commitments. The following is a description of the methodology used to calculate the allowance for credit losses: Wholesale. The allowance for credit losses for wholesale loans and lending commitments that exhibit similar risk characteristics is measured using a modeled approach. These models determine the probability of default and loss given default based on various risk factors, including internal credit ratings, industry default and loss data, expected life, macroeconomic indicators, the borrower’s capacity to meet its financial obligations, the borrower’s country of risk and industry, loan seniority and collateral type. For lending commitments, the methodology also considers probability of drawdowns or funding. In addition, for loans backed by real estate, risk factors include the loan-to-value ratio, debt service ratio and home price index. The most significant inputs to the forecast model for wholesale loans and lending commitments include unemployment rates, GDP, credit spreads, commercial and industrial delinquency rates, short- and long-term interest rates, and oil prices. The allowance for loan losses for wholesale loans that do not share similar risk characteristics, such as nonaccrual loans or loans in a TDR, is calculated using the present value of expected future cash flows discounted at the loan’s original effective rate, the observable market price of the loan or the fair value of the collateral. Wholesale loans are charged off against the allowance for loan losses when deemed to be uncollectible. Consumer. The allowance for credit losses for consumer loans that exhibit similar risk characteristics is calculated using a modeled approach which classifies consumer loans into pools based on borrower-related and exposure-related characteristics that differentiate a pool’s risk characteristics from other pools. The factors considered in determining a pool are generally consistent with the risk characteristics used for internal credit risk measurement and management and include key metrics, such as FICO credit scores, delinquency status, loan vintage and macroeconomic indicators. The most significant inputs to the forecast model for consumer loans include unemployment rates and delinquency rates. The expected life of revolving credit card loans is determined by modeling expected future draws and the timing and amount of repayments allocated to the funded balance. The firm also recognizes an allowance for credit losses on commitments to acquire loans. However, no allowance for credit losses is recognized on credit card lending commitments as they are cancellable by the firm. The allowance for credit losses for consumer loans that do not share similar risk characteristics, such as loans in a TDR, is calculated using the present value of expected future cash flows discounted at the loan’s original effective rate.
Fair Value Option	Other Financial Assets and Liabilities at Fair Value In addition to trading assets and liabilities, and certain investments and loans, the firm accounts for certain of its other financial assets and liabilities at fair value, substantially all under the fair value option. The primary reasons for electing the fair value option are to: • Reflect economic events in earnings on a timely basis; • Mitigate volatility in earnings from using different measurement attributes (e.g., transfers of financial assets accounted for as financings are recorded at fair value, whereas the related secured financing would be recorded on an accrual basis absent electing the fair value option); and • Address simplification and cost-benefit considerations (e.g., accounting for hybrid financial instruments at fair value in their entirety versus bifurcation of embedded derivatives and hedge accounting for debt hosts). Hybrid financial instruments are instruments that contain bifurcatable embedded derivatives and do not require settlement by physical delivery of nonfinancial assets (e.g., physical commodities). If the firm elects to bifurcate the embedded derivative from the associated debt, the derivative is accounted for at fair value and the host contract is accounted for at amortized cost, adjusted for the effective portion of any fair value hedges. If the firm does not elect to bifurcate, the entire hybrid financial instrument is accounted for at fair value under the fair value option. Other financial assets and liabilities accounted for at fair value under the fair value option include: • Resale and repurchase agreements; • Certain securities borrowed and loaned transactions; • Certain customer and other receivables and certain other liabilities; • Certain time deposits (deposits with no stated maturity are not eligible for a fair value option election), including structured certificates of deposit, which are hybrid financial instruments; • Substantially all other secured financings, including transfers of assets accounted for as financings; and
Collateralized Agreements and Financings	Collateralized agreements and financings are presented on a net-by-counterparty basis when a legal right of setoff exists. Interest on collateralized agreements, which is included in interest income, and collateralized financings, which is included in interest expense, is recognized over the life of the transaction. See Note 23 for further information about interest income and interest expense. Resale and Repurchase Agreements A resale agreement is a transaction in which the firm purchases financial instruments from a seller, typically in exchange for cash, and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date. A repurchase agreement is a transaction in which the firm sells financial instruments to a buyer, typically in exchange for cash, and simultaneously enters into an agreement to repurchase the same or substantially the same financial instruments from the buyer at a stated price plus accrued interest at a future date. Even though repurchase and resale agreements (including “repos- and reverses-to-maturity”) involve the legal transfer of ownership of financial instruments, they are accounted for as financing arrangements because they require the financial instruments to be repurchased or resold before or at the maturity of the agreement. The financial instruments purchased or sold in resale and repurchase agreements typically include U.S. government and agency, and investment-grade sovereign obligations. The firm receives financial instruments purchased under resale agreements and makes delivery of financial instruments sold under repurchase agreements. To mitigate credit exposure, the firm monitors the market value of these financial instruments on a daily basis, and delivers or obtains additional collateral due to changes in the market value of the financial instruments, as appropriate. For resale agreements, the firm typically requires collateral with a fair value approximately equal to the carrying value of the relevant assets in the consolidated balance sheets. Securities Borrowed and Loaned Transactions In a securities borrowed transaction, the firm borrows securities from a counterparty in exchange for cash or securities. When the firm returns the securities, the counterparty returns the cash or securities. Interest is generally paid periodically over the life of the transaction. In a securities loaned transaction, the firm lends securities to a counterparty in exchange for cash or securities. When the counterparty returns the securities, the firm returns the cash or securities posted as collateral. Interest is generally paid periodically over the life of the transaction. The firm receives securities borrowed and makes delivery of securities loaned. To mitigate credit exposure, the firm monitors the market value of these securities on a daily basis, and delivers or obtains additional collateral due to changes in the market value of the securities, as appropriate. For securities borrowed transactions, the firm typically requires collateral with a fair value approximately equal to the carrying value of the securities borrowed transaction. Securities borrowed and loaned within Fixed Income, Currency and Commodities (FICC) financing are recorded at fair value under the fair value option. See Note 10 for further information about securities borrowed and loaned accounted for at fair value.
Property, Leasehold Improvements and Equipment	Substantially all property and equipment is depreciated on a straight-line basis over the useful life of the asset. Leasehold improvements are amortized on a straight-line basis over the shorter of the useful life of the improvement or the term of the lease. Capitalized costs of software developed or obtained for internal use are amortized on a straight-line basis over three years.
Impairments	The firm tests property, leasehold improvements and equipment for impairment when events or changes in circumstances suggest that an asset’s or asset group’s carrying value may not be fully recoverable. To the extent the carrying value of an asset or asset group exceeds the projected undiscounted cash flows expected to result from the use and eventual disposal of the asset or asset group, the firm determines the asset or asset group is impaired and records an impairment equal to the difference between the estimated fair value and the carrying value of the asset or asset group. In addition, the firm will recognize an impairment prior to the sale of an asset or asset group if the carrying value of the asset or asset group exceeds its estimated fair value.
Goodwill Impairment	Goodwill is assessed for impairment annually in the fourth quarter or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment.
Savings and Demand Deposits	The firm’s savings and demand deposits are recorded based on the amount of cash received plus accrued interest
Unsecured Short-Term Borrowings	Unsecured Short-Term Borrowings Unsecured short-term borrowings includes the portion of unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder.
Securitization Activities	The firm accounts for a securitization as a sale when it has relinquished control over the transferred financial assets. Prior to securitization, the firm generally accounts for assets pending transfer at fair value and therefore does not typically recognize significant gains or losses upon the transfer of assets. Net revenues from underwriting activities are recognized in connection with the sales of the underlying beneficial interests to investors.
VIE Consolidation Analysis	VIE Consolidation Analysis The enterprise with a controlling financial interest in a VIE is known as the primary beneficiary and consolidates the VIE. The firm determines whether it is the primary beneficiary of a VIE by performing an analysis that principally considers: • Which variable interest holder has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; • Which variable interest holder has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE; • The VIE’s purpose and design, including the risks the VIE was designed to create and pass through to its variable interest holders; • The VIE’s capital structure; • The terms between the VIE and its variable interest holders and other parties involved with the VIE; and • Related-party relationships.
Lending Commitments	In the table above: • Held for investment lending commitments are accounted for at amortized cost. The carrying value of lending commitments was a liability of $958 million (including allowance for credit losses of $739 million) as of September 2022 and $1.05 billion (including allowance for credit losses of $776 million) as of December 2021. The estimated fair value of such lending commitments was a liability of $6.70 billion as of September 2022 and $4.17 billion as of December 2021. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $4.00 billion as of September 2022 and $1.91 billion as of December 2021 would have been classified in level 2, and $2.70 billion as of September 2022 and $2.26 billion as of December 2021 would have been classified in level 3. • Held for sale lending commitments are accounted for at the lower of cost or fair value. The carrying value of lending commitments held for sale was a liability of $130 million as of September 2022 and $91 million as of December 2021. The estimated fair value of such lending commitments approximates the carrying value. Had these lending commitments been included in the fair value hierarchy, they would have been primarily classified in level 3 as of both September 2022 and December 2021.
Derivative Guarantees	Derivative Guarantees. The firm enters into various derivatives that meet the definition of a guarantee under U.S. GAAP, including written equity and commodity put options, written currency contracts and interest rate caps, floors and swaptions. These derivatives are risk managed together with derivatives that do not meet the definition of a guarantee, and therefore the amounts in the table above do not reflect the firm’s overall risk related to derivative activities. Disclosures about derivatives are not required if they may be cash settled and the firm has no basis to conclude it is probable that the counterparties held the underlying instruments at the inception of the contract. The firm has concluded that these conditions have been met for certain large, internationally active commercial and investment bank counterparties, central clearing counterparties, hedge funds and certain other counterparties. Accordingly, the firm has not included such contracts in the table above. See Note 7 for information about credit derivatives that meet the definition of a guarantee, which are not included in the table above.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share (EPS) is calculated by dividing net earnings to common by the weighted average number of common shares outstanding and RSUs for which the delivery of the underlying common stock is not subject to satisfaction of future service, performance or market conditions (collectively, basic shares). Diluted EPS includes the determinants of basic EPS and, in addition, reflects the dilutive effect of the common stock deliverable for RSUs for which the delivery of the underlying common stock is subject to satisfaction of future service, performance or market conditions.
Interest Income and Interest Expense	Interest Income and Interest Expense Interest is recorded over the life of the instrument on an accrual basis based on contractual interest rates.
Income Taxes	Income Taxes Provision for Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities. The firm reports interest expense related to income tax matters in provision for taxes and income tax penalties in other expenses. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce deferred tax assets to the amount that more likely than not will be realized and primarily relate to the ability to utilize losses in various tax jurisdictions. Tax assets are included in other assets and tax liabilities are included in other liabilities. Unrecognized Tax Benefits The firm recognizes tax positions in the consolidated financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement. A liability is established for differences between positions taken in a tax return and amounts recognized in the consolidated financial statements. Regulatory Tax Examinations
Business Segments	The firm allocates assets (including allocations of global core liquid assets and cash, secured client financing and other assets), revenues and expenses among the four business segments. Due to the integrated nature of these segments, estimates and judgments are made in allocating certain assets, revenues and expenses. The allocation process is based on the manner in which management currently views the performance of the segments. The allocation of common shareholders’ equity and preferred stock dividends to each segment is based on the estimated amount of equity required to support the activities of the segment under relevant regulatory capital requirements. Net earnings for each segment is calculated by applying the firmwide tax rate to each segment’s pre-tax earnings. Management believes that this allocation provides a reasonable representation of each segment’s contribution to consolidated net earnings to common, return on average common equity and total assets. Transactions between segments are based on specific criteria or approximate third-party rates.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	All other significant accounting policies are either described below or included in the following footnotes: Fair Value Measurements Note 4 Trading Assets and Liabilities Note 5 Trading Cash Instruments Note 6 Derivatives and Hedging Activities Note 7 Investments Note 8 Loans Note 9 Fair Value Option Note 10 Collateralized Agreements and Financings Note 11 Other Assets Note 12 Deposits Note 13 Unsecured Borrowings Note 14 Other Liabilities Note 15 Securitization Activities Note 16 Variable Interest Entities Note 17 Commitments, Contingencies and Guarantees Note 18 Shareholders’ Equity Note 19 Regulation and Capital Adequacy Note 20 Earnings Per Common Share Note 21 Transactions with Affiliated Funds Note 22 Interest Income and Interest Expense Note 23 Income Taxes Note 24 Business Segments Note 25 Credit Concentrations Note 26 Legal Proceedings Note 27

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Carried at Fair Value	The table below presents financial assets and liabilities carried at fair value. As of September June December $ in millions 2022 2022 2021 Total level 1 financial assets $ 249,307 $ 249,974 $ 255,774 Total level 2 financial assets 490,992 526,910 498,527 Total level 3 financial assets 29,275 28,884 24,083 Investments in funds at NAV 2,971 3,045 3,469 Counterparty and cash collateral netting (77,707) (70,198) (66,041) Total financial assets at fair value $ 694,838 $ 738,615 $ 715,812 Total assets $ 1,555,994 $ 1,601,224 $ 1,463,988 Total level 3 financial assets divided by: Total assets 1.9 % 1.8% 1.6% Total financial assets at fair value 4.2 % 3.9% 3.4% Total level 1 financial liabilities $ 137,956 $ 168,941 $ 110,030 Total level 2 financial liabilities 434,313 435,827 403,627 Total level 3 financial liabilities 23,268 24,470 29,169 Counterparty and cash collateral netting (60,573) (50,926) (51,269) Total financial liabilities at fair value $ 534,964 $ 578,312 $ 491,557 Total liabilities $ 1,436,704 $ 1,483,353 $ 1,354,062 Total level 3 financial liabilities divided by: Total liabilities 1.6 % 1.6% 2.2% Total financial liabilities at fair value 4.3 % 4.2% 5.9% In the table above: • Counterparty netting among positions classified in the same level is included in that level. • Counterparty and cash collateral netting represents the impact on derivatives of netting across levels.
Summary of Level 3 Financial Assets	The table below presents a summary of level 3 financial assets. As of September June December $ in millions 2022 2022 2021 Trading assets: Trading cash instruments $ 1,828 $ 2,080 $ 1,889 Derivatives 8,435 8,348 5,938 Investments 16,954 16,109 13,902 Loans 2,058 2,347 2,354 Total $ 29,275 $ 28,884 $ 24,083

Trading Assets and Liabilities

Trading Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Trading Assets and Liabilities [Abstract]
Summary of Trading Assets and Liabilities	The table below presents a summary of trading assets and liabilities. Trading Trading $ in millions Assets Liabilities As of September 2022 Trading cash instruments $ 303,854 $ 160,944 Derivatives 80,121 70,769 Total $ 383,975 $ 231,713 As of December 2021 Trading cash instruments $ 311,956 $ 129,471 Derivatives 63,960 51,953 Total $ 375,916 $ 181,424
Summary of Market Making Revenues by Major Product Type	The table below presents market making revenues by major product type. Three Months Nine Months $ in millions 2022 2021 2022 2021 Interest rates $ (3,043) $ (1,249) $ (7,705) $ (1,572) Credit (286) 162 1,380 1,324 Currencies 5,769 1,779 13,997 4,521 Equities 1,464 2,521 6,064 6,839 Commodities 738 716 1,825 1,984 Total $ 4,642 $ 3,929 $ 15,561 $ 13,096 In the table above: • Gains/(losses) include both realized and unrealized gains and losses. Gains/(losses) exclude related interest income and interest expense. See Note 23 for further information about interest income and interest expense. • Gains/(losses) included in market making are primarily related to the firm’s trading assets and liabilities, including both derivative and non-derivative financial instruments. • Gains/(losses) are not representative of the manner in which the firm manages its business activities because many of the firm’s market-making and client facilitation strategies utilize financial instruments across various product types. Accordingly, gains or losses in one product type frequently offset gains or losses in other product types. For example, most of the firm’s longer-term derivatives across product types are sensitive to changes in interest rates and may be economically hedged with interest rate swaps. Similarly, a significant portion of the firm’s trading cash instruments and derivatives across product types has exposure to foreign currencies and may be economically hedged with foreign currency contracts.

Trading Cash Instruments (Table

Trading Cash Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Cash Instruments [Abstract]
Schedule of Trading Cash Instruments by Level	The table below presents trading cash instruments by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Government and agency obligations: U.S. $ 62,481 $ 28,001 $ — $ 90,482 Non-U.S. 52,260 17,548 38 69,846 Loans and securities backed by: Commercial real estate — 1,435 55 1,490 Residential real estate — 9,445 110 9,555 Corporate debt instruments 282 33,347 1,352 34,981 State and municipal obligations — 563 32 595 Other debt obligations 254 3,387 135 3,776 Equity securities 83,569 1,947 102 85,618 Commodities — 7,507 4 7,511 Total $ 198,846 $ 103,180 $ 1,828 $ 303,854 Liabilities Government and agency obligations: U.S. $ (24,009) $ (19) $ — $ (24,028) Non-U.S. (37,453) (2,672) — (40,125) Loans and securities backed by: Commercial real estate — (31) (1) (32) Residential real estate — (10) (1) (11) Corporate debt instruments (32) (19,229) (79) (19,340) Other debt obligations — (143) — (143) Equity securities (76,423) (786) (30) (77,239) Commodities — (26) — (26) Total $ (137,917) $ (22,916) $ (111) $ (160,944) As of December 2021 Assets Government and agency obligations: U.S. $ 63,388 $ 27,427 $ — $ 90,815 Non-U.S. 35,284 13,511 19 48,814 Loans and securities backed by: Commercial real estate — 1,717 137 1,854 Residential real estate — 13,083 152 13,235 Corporate debt instruments 590 36,874 1,318 38,782 State and municipal obligations — 568 36 604 Other debt obligations 69 1,564 66 1,699 Equity securities 105,233 2,958 156 108,347 Commodities — 7,801 5 7,806 Total $ 204,564 $ 105,503 $ 1,889 $ 311,956 Liabilities Government and agency obligations: U.S. $ (21,002) $ (25) $ — $ (21,027) Non-U.S. (39,983) (2,602) — (42,585) Loans and securities backed by: Commercial real estate — (40) (2) (42) Residential real estate — (5) — (5) Corporate debt instruments (23) (15,781) (71) (15,875) Equity securities (48,991) (915) (31) (49,937) Total $ (109,999) $ (19,368) $ (104) $ (129,471) In the table above: • Trading cash instrument assets are shown as positive amounts and trading cash instrument liabilities are shown as negative amounts. • Corporate debt instruments includes corporate loans, debt securities, convertible debentures, prepaid commodity transactions and transfers of assets accounted for as secured loans rather than purchases. • Other debt obligations includes other asset-backed securities and money market instruments.
Schedule of Level 3 Assets, and Ranges and Weighted Averages of Significant Unobservable Inputs	The table below presents the amount of level 3 assets, and ranges and weighted averages of significant unobservable inputs used to value level 3 trading cash instruments. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Average Amount or Range Weighted Average Loans and securities backed by commercial real estate Level 3 assets $ 55 $ 137 Yield 6.8% to 34.0% 20.2 % 2.8% to 28.5% 12.3 % Recovery rate 47.0% to 61.7% 53.1 % 5.1% to 86.5% 55.0 % Duration (years) 1.2 to 3.7 2.1 0.1 to 4.3 1.8 Loans and securities backed by residential real estate Level 3 assets $ 110 $ 152 Yield 1.0% to 23.0% 9.7 % 0.4% to 26.6% 7.0 % Cumulative loss rate 11.0% to 35.0% 20.8 % 0.1% to 43.4% 17.7 % Duration (years) 1.1 to 10.8 6.5 1.2 to 17.2 6.5 Corporate debt instruments Level 3 assets $ 1,352 $ 1,318 Yield 1.2% to 33.0% 6.6 % 0.0% to 18.0% 7.1 % Recovery rate 17.0% to 70.0% 51.6 % 9.0% to 69.9% 52.0 % Duration (years) 0.5 to 21.4 4.7 2.0 to 28.5 4.5 Other Level 3 assets $ 311 $ 282 Yield 4.0% to 41.6% 11.5 % 1.1% to 44.8% 9.4 % Multiples 3.9x to 4.2x 4.0x N/A N/A Duration (years) 0.8 to 13.0 5.0 0.9 to 5.2 2.4 In the table above: • Other includes government and agency obligations, state and municipal obligations, other debt obligations, equity securities and commodities. • Ranges represent the significant unobservable inputs that were used in the valuation of each type of trading cash instrument. • Weighted averages are calculated by weighting each input by the relative fair value of the trading cash instruments. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one trading cash instrument. For example, the highest recovery rate for corporate debt instruments is appropriate for valuing a specific corporate debt instrument, but may not be appropriate for valuing any other corporate debt instrument. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 trading cash instruments. • Increases in yield, duration or cumulative loss rate used in the valuation of level 3 trading cash instruments would have resulted in a lower fair value measurement, while increases in recovery rate or multiples would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 trading cash instrument, the interrelationship of inputs is not necessarily uniform within each product type. • Trading cash instruments are valued using discounted cash flows. • In other, the significant unobservable inputs for multiples as of December 2021 did not have a range (and there was no weighted average) as they pertained to a single position. Therefore, such unobservable inputs are not included in the table above.
Summary of Changes in Fair Value for Level 3 Trading Cash Instruments	The table below presents a summary of the changes in fair value for level 3 trading cash instruments. Three Months Nine Months $ in millions 2022 2021 2022 2021 Total trading cash instrument assets Beginning balance $ 2,080 $ 1,304 $ 1,889 $ 1,237 Net realized gains/(losses) 40 27 85 63 Net unrealized gains/(losses) (124) 11 (1,496) 64 Purchases 359 223 1,294 793 Sales (248) (133) (635) (455) Settlements (78) (113) (206) (287) Transfers into level 3 326 358 1,277 306 Transfers out of level 3 (527) (161) (380) (205) Ending balance $ 1,828 $ 1,516 $ 1,828 $ 1,516 Total trading cash instrument liabilities Beginning balance $ (182) $ (78) $ (104) $ (80) Net realized gains/(losses) (4) 2 (42) 5 Net unrealized gains/(losses) 53 (2) 47 (1) Purchases 100 22 198 35 Sales (40) (55) (121) (86) Settlements 5 — (2) 8 Transfers into level 3 (86) (32) (103) (22) Transfers out of level 3 43 5 16 3 Ending balance $ (111) $ (138) $ (111) $ (138) In the table above: • Changes in fair value are presented for all trading cash instruments that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to trading cash instruments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a trading cash instrument was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 trading cash instrument assets, increases are shown as positive amounts, while decreases are shown as negative amounts. For level 3 trading cash instrument liabilities, increases are shown as negative amounts, while decreases are shown as positive amounts. • Level 3 trading cash instruments are frequently economically hedged with level 1 and level 2 trading cash instruments and/or level 1, level 2 or level 3 derivatives. Accordingly, gains or losses that are classified in level 3 can be partially offset by gains or losses attributable to level 1 or level 2 trading cash instruments and/or level 1, level 2 or level 3 derivatives. As a result, gains or losses included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by product type, for assets included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Loans and securities backed by commercial real estate Beginning balance $ 74 $ 96 $ 137 $ 203 Net realized gains/(losses) 7 2 7 6 Net unrealized gains/(losses) (10) (4) (10) (7) Purchases 2 28 11 54 Sales (1) (2) (54) (39) Settlements (8) (7) (15) (13) Transfers into level 3 16 31 11 15 Transfers out of level 3 (25) (8) (32) (83) Ending balance $ 55 $ 136 $ 55 $ 136 Loans and securities backed by residential real estate Beginning balance $ 110 $ 130 $ 152 $ 131 Net realized gains/(losses) 2 2 10 6 Net unrealized gains/(losses) (5) 5 (12) 16 Purchases 5 11 33 29 Sales (7) (4) (57) (48) Settlements (4) (25) (14) (36) Transfers into level 3 23 14 15 39 Transfers out of level 3 (14) (11) (17) (15) Ending balance $ 110 $ 122 $ 110 $ 122 Corporate debt instruments Beginning balance $ 1,440 $ 891 $ 1,318 $ 797 Net realized gains/(losses) 13 24 44 48 Net unrealized gains/(losses) (43) 12 (115) 57 Purchases 313 152 558 634 Sales (126) (88) (363) (327) Settlements (51) (67) (131) (195) Transfers into level 3 201 292 339 187 Transfers out of level 3 (395) (120) (298) (105) Ending balance $ 1,352 $ 1,096 $ 1,352 $ 1,096 Other Beginning balance $ 456 $ 187 $ 282 $ 106 Net realized gains/(losses) 18 (1) 24 3 Net unrealized gains/(losses) (66) (2) (1,359) (2) Purchases 39 32 692 76 Sales (114) (39) (161) (41) Settlements (15) (14) (46) (43) Transfers into level 3 86 21 912 65 Transfers out of level 3 (93) (22) (33) (2) Ending balance $ 311 $ 162 $ 311 $ 162

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivatives on a Gross Basis	The tables below present the gross fair value and the notional amounts of derivative contracts by major product type, the amounts of counterparty and cash collateral netting in the consolidated balance sheets, as well as cash and securities collateral posted and received under enforceable credit support agreements that do not meet the criteria for netting under U.S. GAAP. As of September 2022 As of December 2021 $ in millions Derivative Derivative Derivative Derivative Not accounted for as hedges Exchange-traded $ 1,048 $ 1,952 $ 256 $ 557 OTC-cleared 71,562 71,135 13,795 12,692 Bilateral OTC 206,352 184,457 232,595 205,073 Total interest rates 278,962 257,544 246,646 218,322 OTC-cleared 1,736 1,902 3,665 4,053 Bilateral OTC 12,479 10,831 12,591 11,702 Total credit 14,215 12,733 16,256 15,755 Exchange-traded 50 25 417 10 OTC-cleared 1,485 1,097 423 338 Bilateral OTC 147,357 147,099 86,076 85,795 Total currencies 148,892 148,221 86,916 86,143 Exchange-traded 13,519 13,615 6,534 6,189 OTC-cleared 853 1,019 652 373 Bilateral OTC 52,013 39,930 28,359 25,969 Total commodities 66,385 54,564 35,545 32,531 Exchange-traded 31,258 33,610 33,840 35,518 OTC-cleared 14 14 8 5 Bilateral OTC 35,209 42,826 39,718 44,750 Total equities 66,481 76,450 73,566 80,273 Subtotal 574,935 549,512 458,929 433,024 Accounted for as hedges OTC-cleared — 7 1 — Bilateral OTC 323 10 945 — Total interest rates 323 17 946 — OTC-cleared 85 25 34 27 Bilateral OTC 831 134 60 139 Total currencies 916 159 94 166 Subtotal 1,239 176 1,040 166 Total gross fair value $ 576,174 $ 549,688 $ 459,969 $ 433,190 Offset in the consolidated balance sheets Exchange-traded $ (39,580) $ (39,580) $ (35,724) $ (35,724) OTC-cleared (73,326) (73,326) (16,979) (16,979) Bilateral OTC (309,469) (309,469) (279,189) (279,189) Counterparty netting (422,375) (422,375) (331,892) (331,892) OTC-cleared (1,559) (154) (1,033) (361) Bilateral OTC (72,119) (56,390) (63,084) (48,984) Cash collateral netting (73,678) (56,544) (64,117) (49,345) Total amounts offset $ (496,053) $ (478,919) $ (396,009) $ (381,237) Included in the consolidated balance sheets Exchange-traded $ 6,295 $ 9,622 $ 5,323 $ 6,550 OTC-cleared 850 1,719 566 148 Bilateral OTC 72,976 59,428 58,071 45,255 Total $ 80,121 $ 70,769 $ 63,960 $ 51,953 Not offset in the consolidated balance sheets Cash collateral $ (595) $ (2,475) $ (1,008) $ (1,939) Securities collateral (17,908) (4,887) (15,751) (7,349) Total $ 61,618 $ 63,407 $ 47,201 $ 42,665 Notional Amounts as of September December $ in millions 2022 2021 Not accounted for as hedges Exchange-traded $ 4,112,393 $ 2,630,915 OTC-cleared 16,663,199 17,874,504 Bilateral OTC 10,483,366 11,122,871 Total interest rates 31,258,958 31,628,290 Exchange-traded 13 — OTC-cleared 531,824 463,477 Bilateral OTC 644,885 616,095 Total credit 1,176,722 1,079,572 Exchange-traded 9,312 14,617 OTC-cleared 183,609 194,124 Bilateral OTC 6,094,304 6,606,927 Total currencies 6,287,225 6,815,668 Exchange-traded 421,737 308,917 OTC-cleared 3,492 3,647 Bilateral OTC 270,884 234,322 Total commodities 696,113 546,886 Exchange-traded 1,243,432 1,149,777 OTC-cleared 301 198 Bilateral OTC 1,118,371 1,173,103 Total equities 2,362,104 2,323,078 Subtotal 41,781,122 42,393,494 Accounted for as hedges OTC-cleared 263,785 219,083 Bilateral OTC 3,426 4,499 Total interest rates 267,211 223,582 OTC-cleared 1,885 2,758 Bilateral OTC 17,988 18,658 Total currencies 19,873 21,416 Exchange-traded 652 1,050 Total commodities 652 1,050 Subtotal 287,736 246,048 Total notional amounts $ 42,068,858 $ 42,639,542 In the tables above: • Gross fair values exclude the effects of both counterparty netting and collateral, and therefore are not representative of the firm’s exposure. • Where the firm has received or posted collateral under credit support agreements, but has not yet determined such agreements are enforceable, the related collateral has not been netted. • Notional amounts, which represent the sum of gross long and short derivative contracts, provide an indication of the volume of the firm’s derivative activity and do not represent anticipated losses. • Total gross fair value of derivatives included derivative assets of $17.12 billion as of September 2022 and $17.48 billion as of December 2021, a nd
Fair Value of Derivatives by Level	The table below presents derivatives on a gross basis by level and product type, as well as the impact of netting. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Interest rates $ 62 $ 276,914 $ 2,309 $ 279,285 Credit — 11,404 2,811 14,215 Currencies — 149,107 701 149,808 Commodities — 64,227 2,158 66,385 Equities 124 64,862 1,495 66,481 Gross fair value 186 566,514 9,474 576,174 Counterparty netting in levels (417,307) (1,039) (418,346) Subtotal $ 186 $ 149,207 $ 8,435 $ 157,828 Cross-level counterparty netting (4,029) Cash collateral netting (73,678) Net fair value $ 80,121 Liabilities Interest rates $ (14) $ (256,711) $ (836) $ (257,561) Credit — (11,588) (1,145) (12,733) Currencies — (147,804) (576) (148,380) Commodities — (53,923) (641) (54,564) Equities (25) (74,292) (2,133) (76,450) Gross fair value (39) (544,318) (5,331) (549,688) Counterparty netting in levels 417,307 1,039 418,346 Subtotal $ (39) $ (127,011) $ (4,292) $ (131,342) Cross-level counterparty netting 4,029 Cash collateral netting 56,544 Net fair value $ (70,769) As of December 2021 Assets Interest rates $ 2 $ 246,525 $ 1,065 $ 247,592 Credit — 12,823 3,433 16,256 Currencies — 86,773 237 87,010 Commodities — 34,501 1,044 35,545 Equities 33 72,570 963 73,566 Gross fair value 35 453,192 6,742 459,969 Counterparty netting in levels — (329,164) (804) (329,968) Subtotal $ 35 $ 124,028 $ 5,938 $ 130,001 Cross-level counterparty netting (1,924) Cash collateral netting (64,117) Net fair value $ 63,960 Liabilities Interest rates $ (2) $ (217,438) $ (882) $ (218,322) Credit — (14,176) (1,579) (15,755) Currencies — (85,925) (384) (86,309) Commodities — (31,925) (606) (32,531) Equities (29) (77,393) (2,851) (80,273) Gross fair value (31) (426,857) (6,302) (433,190) Counterparty netting in levels — 329,164 804 329,968 Subtotal $ (31) $ (97,693) $ (5,498) $ (103,222) Cross-level counterparty netting 1,924 Cash collateral netting 49,345 Net fair value $ (51,953) In the table above: • Gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm’s exposure. • Counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels. Where the counterparty netting is across levels, the netting is included in cross-level counterparty netting.
Significant Unobservable Inputs Used to Value Level 3 Derivatives	The table below presents the amount of level 3 derivative assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value level 3 derivatives. As of September 2022 As of December 2021 $ in millions, except inputs Amount or Range Average/ Median Amount or Range Average/ Median Interest rates, net $ 1,473 $ 183 Correlation 25% to 81% 64%/63% 25% to 81% 63%/62% Volatility (bps) 31 to 100 63/61 31 to 100 59/54 Credit, net $ 1,666 $ 1,854 Credit spreads (bps) 4 to 1,040 188/117 1 to 568 136/107 Upfront credit points 0 to 100 41/34 2 to 100 34/26 Recovery rates 20% to 50% 41%/40% 20% to 50% 37%/40% Currencies, net $ 125 $ (147) Correlation 20% to 71% 39%/23% 20% to 71% 40%/41% Volatility 20% to 21% 21%/21% 19% to 19% 19%/19% Commodities, net $ 1,517 $ 438 Volatility 25% to 148% 56%/47% 15% to 93% 32%/29% Natural gas spread $(3.59) to $8.59 $(0.16)/ $(0.20) $(1.33) to $2.60 $(0.11)/ $(0.07) Oil spread $(5.50) to $48.91 $20.75/ $20.07 $8.64 to $22.68 $13.36/ $12.69 Electricity price $2.60 to $309.83 $54.13/ $48.43 $1.50 to $289.96 $37.42/ $32.20 Equities, net $ (638) $ (1,888) Correlation (70)% to 100% 64%/66% (70)% to 99% 59%/62% Volatility 2% to 89% 16%/13% 3% to 150% 17%/17% In the table above: • Derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. • Ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative. • Averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional amount of the respective financial instruments. An average greater than the median indicates that the majority of inputs are below the average. For example, the difference between the average and the median for credit spreads indicates that the majority of the inputs fall in the lower end of the range. • The ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative. For example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 derivatives. • Interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models. • The fair value of any one instrument may be determined using multiple valuation techniques. For example, option pricing models and discounted cash flow models are typically used together to determine fair value. Therefore, the level 3 balance encompasses both of these techniques. • Correlation within currencies and equities includes cross-product type correlation. • Natural gas spread represents the spread per million British thermal units of natural gas. • Oil spread represents the spread per barrel of oil and refined products. • Electricity price represents the price per megawatt hour of electricity.
Summary of Changes in Fair Value for Level 3 Derivatives	The table below presents a summary of the changes in fair value for level 3 derivatives. Three Months Nine Months $ in millions 2022 2021 2022 2021 Total level 3 derivatives, net Beginning balance $ 3,174 $ 567 $ 440 $ 1,175 Net realized gains/(losses) (16) (33) 456 73 Net unrealized gains/(losses) 1,167 453 4,413 34 Purchases 156 92 216 439 Sales (232) (366) (1,004) (1,058) Settlements 491 (264) 50 99 Transfers into level 3 105 (112) (130) (79) Transfers out of level 3 (702) 312 (298) (34) Ending balance $ 4,143 $ 649 $ 4,143 $ 649 In the table above: • Changes in fair value are presented for all derivative assets and liabilities that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to instruments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a derivative was transferred into level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • Positive amounts for transfers into level 3 and negative amounts for transfers out of level 3 represent net transfers of derivative assets. Negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities. • A derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input. • If there is one significant level 3 input, the entire gain or loss from adjusting only observable inputs (i.e., level 1 and level 2 inputs) is classified in level 3. • Gains or losses that have been classified in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1, level 2 and level 3 trading cash instruments. As a result, gains/(losses) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by product type, for derivatives included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Interest rates, net Beginning balance $ 1,035 $ 308 $ 183 $ 267 Net realized gains/(losses) (27) (60) (98) (11) Net unrealized gains/(losses) 411 (56) 1,370 38 Purchases 8 — 55 67 Sales (1) (24) (27) (72) Settlements 64 101 111 23 Transfers into level 3 (15) (20) (7) (1) Transfers out of level 3 (2) (2) (114) (64) Ending balance $ 1,473 $ 247 $ 1,473 $ 247 Credit, net Beginning balance $ 2,164 $ 1,750 $ 1,854 $ 1,778 Net realized gains/(losses) (11) (22) 36 (33) Net unrealized gains/(losses) 24 11 92 129 Purchases 64 18 2 62 Sales (8) (35) (40) (62) Settlements (144) (22) (105) (9) Transfers into level 3 16 15 11 (60) Transfers out of level 3 (439) 4 (184) (86) Ending balance $ 1,666 $ 1,719 $ 1,666 $ 1,719 Currencies, net Beginning balance $ (239) $ (234) $ (147) $ (338) Net realized gains/(losses) 28 9 66 (29) Net unrealized gains/(losses) 199 43 225 (7) Purchases 1 1 2 41 Sales (2) (5) (7) (12) Settlements 122 36 62 235 Transfers into level 3 2 (4) (81) (20) Transfers out of level 3 14 35 5 11 Ending balance $ 125 $ (119) $ 125 $ (119) Commodities, net Beginning balance $ 1,435 $ 266 $ 438 $ 300 Net realized gains/(losses) (53) (23) (29) (76) Net unrealized gains/(losses) 209 196 1,264 348 Purchases 5 16 4 38 Sales (16) (4) (23) (34) Settlements (14) 6 (87) (56) Transfers into level 3 78 25 172 16 Transfers out of level 3 (127) 31 (222) (23) Ending balance $ 1,517 $ 513 $ 1,517 $ 513 Equities, net Beginning balance $ (1,221) $ (1,523) $ (1,888) $ (832) Net realized gains/(losses) 47 63 481 222 Net unrealized gains/(losses) 324 259 1,462 (474) Purchases 78 57 153 231 Sales (205) (298) (907) (878) Settlements 463 (385) 69 (94) Transfers into level 3 24 (128) (225) (14) Transfers out of level 3 (148) 244 217 128 Ending balance $ (638) $ (1,711) $ (638) $ (1,711)
OTC Derivatives by Tenor and Major Product Type	The table below presents OTC derivative assets and liabilities by tenor and major product type. $ in millions Less than 1 - 5 Greater than 5 Years Total As of September 2022 Assets Interest rates $ 12,714 $ 17,175 $ 53,692 $ 83,581 Credit 971 2,908 2,678 6,557 Currencies 25,586 10,152 8,154 43,892 Commodities 17,378 15,744 2,163 35,285 Equities 7,903 5,795 3,674 17,372 Counterparty netting in tenors (4,306) (3,971) (4,572) (12,849) Subtotal $ 60,246 $ 47,803 $ 65,789 $ 173,838 Cross-tenor counterparty netting (26,334) Cash collateral netting (73,678) Total OTC derivative assets $ 73,826 Liabilities Interest rates $ 17,883 $ 24,168 $ 18,904 $ 60,955 Credit 1,459 2,013 1,603 5,075 Currencies 20,944 11,134 10,412 42,490 Commodities 11,761 10,555 1,049 23,365 Equities 13,020 8,807 3,162 24,989 Counterparty netting in tenors (4,306) (3,971) (4,572) (12,849) Subtotal $ 60,761 $ 52,706 $ 30,558 $ 144,025 Cross-tenor counterparty netting (26,334) Cash collateral netting (56,544) Total OTC derivative liabilities $ 61,147 As of December 2021 Assets Interest rates $ 6,076 $ 11,655 $ 61,380 $ 79,111 Credit 1,800 2,381 3,113 7,294 Currencies 13,366 6,642 6,570 26,578 Commodities 10,178 7,348 770 18,296 Equities 11,075 6,592 2,100 19,767 Counterparty netting in tenors (3,624) (3,357) (2,673) (9,654) Subtotal $ 38,871 $ 31,261 $ 71,260 $ 141,392 Cross-tenor counterparty netting (18,638) Cash collateral netting (64,117) Total OTC derivative assets $ 58,637 Liabilities Interest rates $ 3,929 $ 10,932 $ 34,676 $ 49,537 Credit 1,695 3,257 1,841 6,793 Currencies 14,122 6,581 5,580 26,283 Commodities 7,591 6,274 1,763 15,628 Equities 8,268 12,944 3,587 24,799 Counterparty netting in tenors (3,624) (3,357) (2,673) (9,654) Subtotal $ 31,981 $ 36,631 $ 44,774 $ 113,386 Cross-tenor counterparty netting (18,638) Cash collateral netting (49,345) Total OTC derivative liabilities $ 45,403 In the table above: • Tenor is based on remaining contractual maturity. • Counterparty netting within the same product type and tenor category is included within such product type and tenor category.
Credit Derivatives	The table below presents information about credit derivatives. Credit Spread on Underlier (basis points) $ in millions 0 - 250 251 - 501 - Greater Total As of September 2022 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $ 114,156 $ 2,562 $ 17,059 $ 4,569 $ 138,346 1 - 5 years 263,129 33,493 20,948 12,831 330,401 Greater than 5 years 69,694 12,411 5,345 1,417 88,867 Total $ 446,979 $ 48,466 $ 43,352 $ 18,817 $ 557,614 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $ 356,426 $ 42,279 $ 29,204 $ 16,637 $ 444,546 Other $ 152,001 $ 7,669 $ 12,077 $ 2,815 $ 174,562 Fair Value of Written Credit Derivatives Asset $ 3,459 $ 335 $ 85 $ 39 $ 3,918 Liability 2,493 1,813 2,408 3,478 10,192 Net asset/(liability) $ 966 $ (1,478) $ (2,323) $ (3,439) $ (6,274) As of December 2021 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $ 120,456 $ 6,173 $ 1,656 $ 4,314 $ 132,599 1 - 5 years 305,255 14,328 12,754 3,814 336,151 Greater than 5 years 35,558 3,087 2,529 311 41,485 Total $ 461,269 $ 23,588 $ 16,939 $ 8,439 $ 510,235 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $ 381,715 $ 17,210 $ 12,806 $ 6,714 $ 418,445 Other $ 138,214 $ 7,780 $ 3,576 $ 1,322 $ 150,892 Fair Value of Written Credit Derivatives Asset $ 9,803 $ 924 $ 318 $ 137 $ 11,182 Liability 941 123 1,666 1,933 4,663 Net asset/(liability) $ 8,862 $ 801 $ (1,348) $ (1,796) $ 6,519 In the table above: • Fair values exclude the effects of both netting of receivable balances with payable balances under enforceable netting agreements, and netting of cash received or posted under enforceable credit support agreements, and therefore are not representative of the firm’s credit exposure. • Tenor is based on remaining contractual maturity. • The credit spread on the underlier, together with the tenor of the contract, are indicators of payment/performance risk. The firm is less likely to pay or otherwise be required to perform where the credit spread and the tenor are lower. • Offsetting purchased credit derivatives represent the notional amount of purchased credit derivatives that economically hedge written credit derivatives with identical underliers. • Other purchased credit derivatives represent the notional amount of all other purchased credit derivatives not included in offsetting.
Summary of information About CVA and FVA	The table below presents information about CVA and FVA. Three Months Nine Months $ in millions 2022 2021 2022 2021 CVA, net of hedges $ 223 $ 49 $ 523 $ (14) FVA, net of hedges (74) 17 (465) 54 Total $ 149 $ 66 $ 58 $ 40
Summary of Derivatives Bifurcated from their Related Borrowings	The table below presents the fair value and the notional amount of derivatives that have been bifurcated from their related borrowings. As of September December $ in millions 2022 2021 Fair value of assets $ 283 $ 845 Fair value of liabilities (263) (124) Net asset/(liability) $ 20 $ 721 Notional amount $ 8,856 $ 10,743
Derivatives with Credit-Related Contingent Features	The table below presents information about net derivative liabilities under bilateral agreements (excluding collateral posted), the fair value of collateral posted and additional collateral or termination payments that could have been called by counterparties in the event of a one- or two-notch downgrade in the firm’s credit ratings. As of September December $ in millions 2022 2021 Net derivative liabilities under bilateral agreements $ 36,526 $ 34,315 Collateral posted $ 26,751 $ 29,214 Additional collateral or termination payments: One-notch downgrade $ 352 $ 345 Two-notch downgrade $ 1,283 $ 1,536
Gain (Loss) from Interest Rate Hedges and Related Hedged Items	The table below presents the gains/(losses) from interest rate derivatives accounted for as hedges and the related hedged items. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investments Interest rate hedges $ 427 $ — $ 372 $ — Hedged investments (409) — (357) — Gains/(losses) $ 18 $ — $ 15 $ — Borrowings and deposits Interest rate hedges $ (7,820) $ (1,528) $ (22,629) $ (5,459) Hedged borrowings and deposits 7,741 1,365 22,279 4,991 Gains/(losses) $ (79) $ (163) $ (350) $ (468)
Summary of Carrying Amount of Hedged Items and Gains/(Losses) from Net Investment Hedging	The table below presents the carrying value of investments, deposits and unsecured borrowings that are designated in an interest rate hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values. $ in millions Carrying Value Cumulative Hedging Adjustment As of September 2022 Assets Investments $ 10,174 $ (358) Liabilities Deposits $ 7,391 $ (297) Unsecured short-term borrowings $ 7,553 $ (59) Unsecured long-term borrowings $ 150,553 $ (15,395) As of December 2021 Liabilities Deposits $ 14,131 $ 246 Unsecured short-term borrowings $ 2,167 $ 5 Unsecured long-term borrowings $ 144,934 $ 6,169 In the table above: • Cumulative hedging adjustment included $5.10 billion as of September 2022 and $5.91 billion as of December 2021 of hedging adjustments from prior hedging relationships that were de-designated and substantially all were related to unsecured long-term borrowings. • The amortized cost of investments was $10.93 billion as of September 2022. The table below presents the gains/(losses) from net investment hedging. Three Months Nine Months $ in millions 2022 2021 2022 2021 Hedges: Foreign currency forward contract $ 1,097 $ 373 $ 2,310 $ 600 Foreign currency-denominated debt $ 551 $ 31 $ 1,147 $ 290

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Debt and Equity Securities, FV-NI [Line Items]
Information about Investments	The table below presents information about investments. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Debt instruments, at fair value 14,096 15,558 Available-for-sale securities, at fair value 48,125 48,932 Investments, at fair value 77,580 83,427 Held-to-maturity securities 48,549 4,699 Equity method investments 834 593 Total investments $ 126,963 $ 88,719
Disclosure Of Equity Securities At Fair Value	The table below presents information about equity securities, at fair value. As of September December $ in millions 2022 2021 Equity securities, at fair value $ 15,359 $ 18,937 Equity Type Public equity 17 % 24 % Private equity 83 % 76 % Total 100 % 100 % Asset Class Corporate 73 % 78 % Real estate 27 % 22 % Total 100 % 100 % In the table above: • Equity securities, at fair value included investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $5.07 billion as of September 2022 and $5.81 billion as of December 2021. Gains/(losses) recognized as a result of changes in the fair value of equity securities for which the fair value option was elected were $(118) million for the three months ended September 2022, $177 million for the three months ended September 2021, $(189) million for the nine months ended September 2022 and $1.81 billion for the nine months ended September 2021. These gains/(losses) are included in other principal transactions.
Disclosure Of Debt Instruments At Fair Value	The table below presents information about debt instruments, at fair value. As of September December $ in millions 2022 2021 Corporate debt securities $ 9,828 $ 9,793 Securities backed by real estate 1,316 2,280 Money market instruments 1,002 1,396 Other 1,950 2,089 Total $ 14,096 $ 15,558 In the table above: • Money market instruments primarily includes time deposits and investments in money market funds.
Fair Value of Investments in Funds at NAV and Related Unfunded Commitments	The table below presents the fair value of investments in funds at NAV and the related unfunded commitments. $ in millions Fair Value of Investments Unfunded Commitments As of September 2022 Private equity funds $ 955 $ 589 Credit funds 1,649 417 Hedge funds 70 — Real estate funds 297 129 Total $ 2,971 $ 1,135 As of December 2021 Private equity funds $ 1,411 $ 619 Credit funds 1,686 556 Hedge funds 84 — Real estate funds 288 147 Total $ 3,469 $ 1,322
Summary of Available-for-Sale Securities by Tenor	The table below presents information about available-for-sale securities by tenor. $ in millions Amortized Cost Fair Value Weighted Average Yield As of September 2022 Less than 1 year $ 2,353 $ 2,295 0.24 % 1 year to 5 years 46,366 43,125 0.65 % 5 years to 10 years 830 776 2.14 % Total U.S. government obligations 49,549 46,196 0.65 % 1 year to 5 years 9 9 0.28 % 5 years to 10 years 2,461 1,920 0.40 % Total non-U.S. government obligations 2,470 1,929 0.40 % Total available-for-sale securities $ 52,019 $ 48,125 0.64 % As of December 2021 Less than 1 year $ 25 $ 25 0.12 % 1 year to 5 years 41,536 41,066 0.47 % 5 years to 10 years 5,337 5,229 0.92 % Greater than 10 years 2 2 2.00 % Total U.S. government obligations 46,900 46,322 0.53 % 5 years to 10 years 2,693 2,610 0.33 % Total non-U.S. government obligations 2,693 2,610 0.33 % Total available-for-sale securities $ 49,593 $ 48,932 0.52 % In the table above: • Available-for-sale securities were classified in level 1 of the fair value hierarchy as of both September 2022 and December 2021. • The weighted average yield for available-for-sale securities is presented on a pre-tax basis and computed using the effective interest rate of each security at the end of the period, weighted based on the fair value of each security. • The gross unrealized gains included in accumulated other comprehensive income/(loss) were not material and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $3.89 billion as of September 2022 and primarily related to U.S. government obligations in a continuous unrealized loss position for more than a year. The gross unrealized gains included in accumulated other comprehensive income/(loss) were $118 million and the gross unrealized losses included in accumulated other comprehensive income/(loss) were $779 million as of December 2021 and primarily related to U.S. government obligations in a continuous unrealized loss position for less than a year. Net unrealized losses included in other comprehensive income/(loss) were $836 million ($615 million, net of tax) for the three months ended September 2022, $152 million ($114 million, net of tax) for the three months ended September 2021, $3.23 billion ($2.41 billion, net of tax) for the nine months ended September 2022 and $880 million ($658 million, net of tax) for the nine months ended September 2021.
Summary of Gross Realized Gains and the Proceeds from the Sales of Available-for-Sale Securities	The table below presents gross realized gains and the proceeds from the sales of available-for-sale securities. Three Months Nine Months $ in millions 2022 2021 2022 2021 Gross realized gains $ — $ 54 $ — $ 187 Proceeds from sales $ — $ 11,467 $ 2 $ 24,882 In the table above, the realized gains were reclassified from accumulated other comprehensive income/(loss) to other principal transactions in the consolidated statements of earnings.
Investments Accounted for at Fair Value	The table below presents investments accounted for at fair value by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Government and agency obligations: U.S. $ 46,196 $ — $ — $ 46,196 Non-U.S. 1,921 20 — 1,941 Corporate debt securities 160 2,930 6,738 9,828 Securities backed by real estate — 404 912 1,316 Money market instruments 24 978 — 1,002 Other debt obligations — 8 284 292 Equity securities 1,974 3,040 9,020 14,034 Subtotal $ 50,275 $ 7,380 $ 16,954 $ 74,609 Investments in funds at NAV 2,971 Total investments $ 77,580 As of December 2021 Government and agency obligations: U.S. $ 46,322 $ — $ — $ 46,322 Non-U.S. 2,612 — — 2,612 Corporate debt securities 65 5,201 4,527 9,793 Securities backed by real estate — 1,202 1,078 2,280 Money market instruments 41 1,355 — 1,396 Other debt obligations — 35 382 417 Equity securities 2,135 7,088 7,915 17,138 Subtotal $ 51,175 $ 14,881 $ 13,902 $ 79,958 Investments in funds at NAV 3,469 Total investments $ 83,427
Amount of Level 3 Investments and Significant Unobservable Inputs Used to Value Such Investments	The table below presents a summary of level 3 financial assets. As of September June December $ in millions 2022 2022 2021 Trading assets: Trading cash instruments $ 1,828 $ 2,080 $ 1,889 Derivatives 8,435 8,348 5,938 Investments 16,954 16,109 13,902 Loans 2,058 2,347 2,354 Total $ 29,275 $ 28,884 $ 24,083
Summary of Changes in Fair Value for Level 3 Investments	The table below presents a summary of the changes in fair value for level 3 loans. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ 2,347 $ 2,229 $ 2,354 $ 2,678 Net realized gains/(losses) 17 23 89 72 Net unrealized gains/(losses) (89) (16) (217) (31) Purchases 7 74 212 140 Sales (18) (13) (61) (17) Settlements (156) (181) (429) (555) Transfers into level 3 141 93 272 181 Transfers out of level 3 (191) (10) (162) (269) Ending balance $ 2,058 $ 2,199 $ 2,058 $ 2,199 In the table above: • Changes in fair value are presented for loans that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to loans that were still held at period-end. • Purchases includes originations and secondary purchases. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a loan was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. The table below presents information, by loan type, for loans included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Corporate Beginning balance $ 958 $ 852 $ 837 $ 929 Net realized gains/(losses) 9 11 21 21 Net unrealized gains/(losses) (10) (16) (31) (24) Purchases 7 17 121 63 Sales (18) (13) (53) (13) Settlements (78) (81) (141) (208) Transfers into level 3 41 15 78 103 Transfers out of level 3 (166) (10) (89) (96) Ending balance $ 743 $ 775 $ 743 $ 775 Commercial real estate Beginning balance $ 891 $ 920 $ 983 $ 1,104 Net realized gains/(losses) 6 9 47 33 Net unrealized gains/(losses) (70) 11 (149) (15) Purchases — — 69 19 Sales — — (7) (3) Settlements (57) (82) (162) (227) Transfers into level 3 100 78 109 78 Transfers out of level 3 (25) — (45) (53) Ending balance $ 845 $ 936 $ 845 $ 936 Residential real estate Beginning balance $ 116 $ 118 $ 205 $ 260 Net realized gains/(losses) 1 3 — 6 Net unrealized gains/(losses) (9) 1 (18) (36) Purchases — 57 4 58 Sales — — (1) (1) Settlements (13) (13) (87) (45) Transfers into level 3 — — 19 — Transfers out of level 3 — — (27) (76) Ending balance $ 95 $ 166 $ 95 $ 166 Wealth management and other Beginning balance $ 382 $ 339 $ 329 $ 385 Net realized gains/(losses) 1 — 21 12 Net unrealized gains/(losses) — (12) (19) 44 Purchases — — 18 — Settlements (8) (5) (39) (75) Transfers into level 3 — — 66 — Transfers out of level 3 — — (1) (44) Ending balance $ 375 $ 322 $ 375 $ 322
Held-to-maturity Securities by Type and Tenor	The table below presents information about held-to-maturity securities by type and tenor. $ in millions Amortized Cost Fair Value Weighted Average Yield As of September 2022 Less than 1 year $ 5,920 $ 5,908 2.25 % 1 year to 5 years 40,254 38,816 2.79 % 5 years to 10 years 2,209 2,134 3.41 % Total U.S. government obligations 48,383 46,858 2.75 % 5 years to 10 years 2 2 4.39 % Greater than 10 years 164 160 1.79 % Total securities backed by real estate 166 162 1.84 % Total held-to-maturity securities $ 48,549 $ 47,020 2.75 % As of December 2021 1 year to 5 years $ 4,054 $ 4,200 2.30 % Total U.S. government obligations 4,054 4,200 2.30 % 5 years to 10 years 3 3 2.78 % Greater than 10 years 642 670 1.03 % Total securities backed by real estate 645 673 1.04 % Total held-to-maturity securities $ 4,699 $ 4,873 2.13 % In the table above: • Substantially all of the securities backed by real estate consist of securities backed by residential real estate. • As these securities are not accounted for at fair value, they are not included in the firm’s fair value hierarchy in Notes 4 through 10. Had these securities been included in the firm’s fair value hierarchy, U.S. government obligations would have been classified in level 1 and securities backed by real estate would have been primarily classified in level 2 of the fair value hierarchy as of both September 2022 and December 2021. • The weighted average yield for held-to-maturity securities is presented on a pre-tax basis and computed using the effective interest rate of each security at the end of the period, weighted based on the amortized cost of each security. • The gross unrealized gains were not material as of September 2022 and were $175 million as of December 2021. The gross unrealized losses were $1.53 billion as of September 2022 and were not material as of December 2021. • Held-to-maturity securities are reviewed to determine if an allowance for credit losses should be recorded in the consolidated statements of earnings. The firm considers various factors in such determination, including market conditions, changes in issuer credit ratings, historical credit losses and sovereign guarantees. Provision for credit losses on such securities was not material during either the three or nine months ended September 2022 or September 2021.
Investments
Debt and Equity Securities, FV-NI [Line Items]
Amount of Level 3 Investments and Significant Unobservable Inputs Used to Value Such Investments	The table below presents the amount of level 3 investments, and ranges and weighted averages of significant unobservable inputs used to value such investments. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Amount or Range Weighted Corporate debt securities Level 3 assets $ 6,738 $ 4,527 Yield 2.0% to 21.8% 11.8 % 2.0% to 29.0% 10.8 % Recovery rate 9.1% to 78.5% 51.7 % 9.1% to 76.0% 59.1 % Duration (years) 1.2 to 5.5 3.9 1.4 to 6.4 3.8 Multiples 1.9x to 66.5x 7.8x 0.5x to 28.2x 6.9x Securities backed by real estate Level 3 assets $ 912 $ 1,078 Yield 8.3% to 23.3% 15.4 % 8.3% to 20.3% 13.1 % Recovery rate N/A N/A 55.1% to 61.0% 56.4 % Duration (years) 1.0 to 4.2 4.1 0.1 to 2.6 1.2 Other debt obligations Level 3 assets $ 284 $ 382 Yield 5.0% to 20.0% 7.1 % 2.3% to 10.6% 3.2 % Duration (years) 0.4 to 1.5 1.3 0.9 to 9.3 4.8 Equity securities Level 3 assets $ 9,020 $ 7,915 Multiples 0.4x to 34.4x 9.0x 0.4x to 30.5x 10.1x Discount rate/yield 6.0% to 38.5% 14.7 % 2.0% to 35.0% 14.1 % Capitalization rate 4.0% to 10.8% 5.4 % 3.5% to 14.0% 5.7 % In the table above: • Ranges represent the significant unobservable inputs that were used in the valuation of each type of investment. • Weighted averages are calculated by weighting each input by the relative fair value of the investment. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one investment. For example, the highest multiple for private equity securities is appropriate for valuing a specific private equity security but may not be appropriate for valuing any other private equity security. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 investments. • Increases in yield, discount rate, capitalization rate or duration used in the valuation of level 3 investments would have resulted in a lower fair value measurement, while increases in recovery rate or multiples would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 investment, the interrelationship of inputs is not necessarily uniform within each product type. • Corporate debt securities, securities backed by real estate and other debt obligations are valued using discounted cash flows, and equity securities are valued using market comparables and discounted cash flows. • The fair value of any one instrument may be determined using multiple valuation techniques. For example, market comparables and discounted cash flows may be used together to determine fair value. Therefore, the level 3 balance encompasses both of these techniques. • The significant unobservable inputs for recovery rate related to securities backed by real estate as of September 2022 did not have a range (and there was no weighted average) as they pertained to a single position. Therefore, such unobservable inputs are not included in the table above.
Summary of Changes in Fair Value for Level 3 Investments	The table below presents a summary of the changes in fair value for level 3 investments. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ 16,109 $ 16,332 $ 13,902 $ 16,423 Net realized gains/(losses) 103 78 428 184 Net unrealized gains/(losses) (407) 155 (1,828) 1,244 Purchases 445 496 1,385 1,467 Sales (236) (478) (741) (1,070) Settlements (272) (831) (1,461) (2,421) Transfers into level 3 1,687 806 6,425 1,843 Transfers out of level 3 (475) (2,879) (1,156) (3,991) Ending balance $ 16,954 $ 13,679 $ 16,954 $ 13,679 In the table above: • Changes in fair value are presented for all investments that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to investments that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If an investment was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 investments, increases are shown as positive amounts, while decreases are shown as negative amounts. The table below presents information, by product type, for investments included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Corporate debt securities Beginning balance $ 6,576 $ 4,958 $ 4,527 $ 5,286 Net realized gains/(losses) 69 33 224 150 Net unrealized gains/(losses) (111) 47 (297) 302 Purchases 137 101 624 374 Sales (78) (204) (151) (383) Settlements (143) (601) (810) (1,254) Transfers into level 3 659 529 2,944 1,120 Transfers out of level 3 (371) (586) (323) (1,318) Ending balance $ 6,738 $ 4,277 $ 6,738 $ 4,277 Securities backed by real estate Beginning balance $ 1,067 $ 1,117 $ 1,078 $ 998 Net realized gains/(losses) 7 12 21 29 Net unrealized gains/(losses) (88) (11) (287) 25 Purchases 17 14 76 212 Sales (47) (19) (96) (43) Settlements (23) (51) (140) (247) Transfers into level 3 1 26 269 114 Transfers out of level 3 (22) — (9) — Ending balance $ 912 $ 1,088 $ 912 $ 1,088 Other debt obligations Beginning balance $ 303 $ 502 $ 382 $ 497 Net realized gains/(losses) 3 4 9 9 Net unrealized gains/(losses) (3) 1 (8) 1 Purchases 4 10 28 32 Sales — (1) — (3) Settlements (23) (33) (127) (54) Transfers out of level 3 — (96) — (95) Ending balance $ 284 $ 387 $ 284 $ 387 Equity securities Beginning balance $ 8,163 $ 9,755 $ 7,915 $ 9,642 Net realized gains/(losses) 24 29 174 (4) Net unrealized gains/(losses) (205) 118 (1,236) 916 Purchases 287 371 657 849 Sales (111) (254) (494) (641) Settlements (83) (146) (384) (866) Transfers into level 3 1,027 251 3,212 609 Transfers out of level 3 (82) (2,197) (824) (2,578) Ending balance $ 9,020 $ 7,927 $ 9,020 $ 7,927

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Summary of Loans	The table below presents information about loans. $ in millions Amortized Fair Value Held For Sale Total As of September 2022 Loan Type Corporate $ 57,431 $ 1,844 $ 3,906 $ 63,181 Wealth management 45,564 4,537 — 50,101 Commercial real estate 22,214 1,277 2,591 26,082 Residential real estate 14,084 257 1 14,342 Consumer: Installment 5,157 — — 5,157 Credit cards 13,691 — — 13,691 Other 8,324 335 302 8,961 Total loans, gross 166,465 8,250 6,800 181,515 Allowance for loan losses (4,846) — — (4,846) Total loans $ 161,619 $ 8,250 $ 6,800 $ 176,669 As of December 2021 Loan Type Corporate $ 50,960 $ 2,492 $ 2,475 $ 55,927 Wealth management 38,062 5,936 — 43,998 Commercial real estate 21,150 1,588 3,145 25,883 Residential real estate 15,493 320 100 15,913 Consumer: Installment 3,672 — — 3,672 Credit cards 8,212 — — 8,212 Other 5,958 433 2,139 8,530 Total loans, gross 143,507 10,769 7,859 162,135 Allowance for loan losses (3,573) — — (3,573) Total loans $ 139,934 $ 10,769 $ 7,859 $ 158,562 In the table above: • The increase in credit cards from December 2021 to September 2022 reflected approximately $2.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. • Loans held for investment that are accounted for at amortized cost include net deferred fees and costs, and unamortized premiums and discounts, which are amortized over the life of the loan. These amounts were less than 1% of loans accounted for at amortized cost as of both September 2022 and December 2021. The following is a description of the loan types in the table above: • Corporate. Corporate loans includes term loans, revolving lines of credit, letter of credit facilities and bridge loans, and are principally used for operating and general corporate purposes, or in connection with acquisitions. Corporate loans may be secured or unsecured, depending on the loan purpose, the risk profile of the borrower and other factors. • Wealth Management. Wealth management loans includes loans extended to private bank clients, including wealth management and other clients. These loans are used to finance investments in both financial and nonfinancial assets, bridge cash flow timing gaps or provide liquidity for other needs. Substantially all of such loans are secured by securities, residential real estate, commercial real estate or other assets. • Commercial Real Estate. Commercial real estate loans includes originated loans (other than those extended to private bank clients) that are directly or indirectly secured by hotels, retail stores, multifamily housing complexes and commercial and industrial properties. Commercial real estate loans also includes loans extended to clients who warehouse assets that are directly or indirectly backed by commercial real estate. In addition, commercial real estate includes loans purchased by the firm. • Residential Real Estate. Residential real estate loans primarily includes loans extended by the firm to clients (other than those extended to private bank clients) who warehouse assets that are directly or indirectly secured by residential real estate and loans purchased by the firm. • Installment. Installment loans are unsecured loans originated by the firm (including point-of-sale loans that the firm began to originate through the GreenSky platform in the third quarter of 2022). • Credit Cards. Credit card loans are loans made pursuant to revolving lines of credit issued to consumers by the firm. • Other.
Summary of Other Loans Receivable	The table below presents gross loans by an internally determined public rating agency equivalent or other credit metrics and the concentration of secured and unsecured loans. $ in millions Investment-Grade Non-Investment- Grade Other Metrics/Unrated Total As of September 2022 Accounting Method Amortized cost $ 62,336 $ 78,212 $ 25,917 $ 166,465 Fair value 1,784 3,606 2,860 8,250 Held for sale 1,036 5,703 61 6,800 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Loan Type Corporate $ 21,072 $ 42,033 $ 76 $ 63,181 Wealth management 36,376 6,090 7,635 50,101 Real estate: Commercial 2,586 23,246 250 26,082 Residential 935 12,406 1,001 14,342 Consumer: Installment — — 5,157 5,157 Credit cards — — 13,691 13,691 Other 4,187 3,746 1,028 8,961 Total $ 65,156 $ 87,521 $ 28,838 $ 181,515 Secured 85 % 93 % 31 % 80 % Unsecured 15 % 7 % 69 % 20 % Total 100 % 100 % 100 % 100 % As of December 2021 Accounting Method Amortized cost $ 50,923 $ 75,179 $ 17,405 $ 143,507 Fair value 2,301 4,634 3,834 10,769 Held for sale 1,650 4,747 1,462 7,859 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Loan Type Corporate $ 15,370 $ 40,389 $ 168 $ 55,927 Wealth management 31,476 5,730 6,792 43,998 Real estate: Commercial 3,986 21,523 374 25,883 Residential 1,112 13,779 1,022 15,913 Consumer: Installment — — 3,672 3,672 Credit cards — — 8,212 8,212 Other 2,930 3,139 2,461 8,530 Total $ 54,874 $ 84,560 $ 22,701 $ 162,135 Secured 85 % 92 % 36 % 82 % Unsecured 15 % 8 % 64 % 18 % Total 100 % 100 % 100 % 100 % In the table above: • Wealth management loans included in the other metrics/unrated category primarily consists of loans backed by residential real estate and securities, and real estate loans included in the other metrics/unrated category primarily consists of purchased loans. The firm’s risk assessment process for these loans includes reviewing certain key metrics, such as loan-to-value ratio, delinquency status, collateral values, expected cash flows, the Fair Isaac Corporation (FICO) credit score (which measures a borrower’s creditworthiness by considering factors such as payment and credit history) and other risk factors.
Schedule of Credit Quality Indicators for Term Loans by Origination Year	The tables below present gross loans accounted for at amortized cost (excluding installment and credit card loans) by an internally determined public rating agency equivalent or other credit metrics and origination year for term loans. As of September 2022 $ in millions Investment- Non-Investment- Other Metrics/ Total 2022 $ 4,364 $ 3,512 $ — $ 7,876 2021 3,847 7,031 — 10,878 2020 1,246 4,334 — 5,580 2019 325 3,333 — 3,658 2018 1,833 2,064 — 3,897 2017 or earlier 1,063 3,026 — 4,089 Revolving 7,259 14,193 1 21,453 Corporate 19,937 37,493 1 57,431 2022 1,886 766 907 3,559 2021 1,391 1,069 1,175 3,635 2020 522 377 — 899 2019 411 225 — 636 2018 356 36 — 392 2017 or earlier 686 468 — 1,154 Revolving 30,018 2,083 3,188 35,289 Wealth management 35,270 5,024 5,270 45,564 2022 39 3,053 157 3,249 2021 219 3,437 — 3,656 2020 85 1,420 — 1,505 2019 47 1,203 — 1,250 2018 184 488 — 672 2017 or earlier 655 674 6 1,335 Revolving 863 9,684 — 10,547 Commercial real estate 2,092 19,959 163 22,214 2022 97 734 218 1,049 2021 141 1,208 229 1,578 2020 — 11 91 102 2019 — — 101 101 2018 — 103 142 245 2017 or earlier 6 2 144 152 Revolving 669 10,188 — 10,857 Residential real estate 913 12,246 925 14,084 2022 — 84 114 198 2021 — 556 160 716 2020 — 30 320 350 2019 — 11 13 24 2018 — 13 10 23 2017 or earlier — 4 5 9 Revolving 4,124 2,792 88 7,004 Other 4,124 3,490 710 8,324 Total $ 62,336 $ 78,212 $ 7,069 $ 147,617 Percentage of total 42 % 53 % 5 % 100 % As of December 2021 $ in millions Investment- Non-Investment- Other Metrics/ Total 2021 $ 4,687 $ 10,424 $ 52 $ 15,163 2020 1,911 4,561 7 6,479 2019 451 3,949 — 4,400 2018 1,842 2,901 — 4,743 2017 733 1,857 — 2,590 2016 or earlier 274 1,693 — 1,967 Revolving 3,800 11,744 74 15,618 Corporate 13,698 37,129 133 50,960 2021 1,405 1,186 1,265 3,856 2020 558 287 — 845 2019 537 352 — 889 2018 334 38 — 372 2017 380 31 — 411 2016 or earlier 565 243 — 808 Revolving 26,349 2,127 2,405 30,881 Wealth management 30,128 4,264 3,670 38,062 2021 334 4,084 94 4,512 2020 127 1,890 — 2,017 2019 52 1,336 — 1,388 2018 207 829 — 1,036 2017 398 624 — 1,022 2016 or earlier 405 583 7 995 Revolving 1,768 8,412 — 10,180 Commercial real estate 3,291 17,758 101 21,150 2021 113 1,944 253 2,310 2020 260 557 103 920 2019 — — 173 173 2018 — 84 165 249 2017 8 65 119 192 2016 or earlier — 1 56 57 Revolving 673 10,919 — 11,592 Residential real estate 1,054 13,570 869 15,493 2021 — 694 261 955 2020 — 59 378 437 2019 — 25 19 44 2018 — 30 — 30 2017 — 5 8 13 Revolving 2,752 1,645 82 4,479 Other 2,752 2,458 748 5,958 Total $ 50,923 $ 75,179 $ 5,521 $ 131,623 Percentage of total 39 % 57 % 4 % 100 %
Summary of Consumer Loans by Refreshed FICO Credit Score	The table below presents gross installment loans by refreshed FICO credit scores and origination year and gross credit card loans by refreshed FICO credit scores. $ in millions Greater than or Less than 660 Total As of September 2022 2022 $ 2,951 $ 118 $ 3,069 2021 1,271 102 1,373 2020 324 27 351 2019 210 29 239 2018 98 17 115 2017 or earlier 8 2 10 Installment 4,862 295 5,157 Credit cards 9,495 4,196 13,691 Total $ 14,357 $ 4,491 $ 18,848 Percentage of total: Installment 94 % 6 % 100 % Credit cards 69 % 31 % 100 % Total 76 % 24 % 100 % As of December 2021 2021 $ 2,017 $ 42 $ 2,059 2020 665 40 705 2019 508 61 569 2018 257 42 299 2017 32 7 39 2016 1 — 1 Installment 3,480 192 3,672 Credit cards 6,100 2,112 8,212 Total $ 9,580 $ 2,304 $ 11,884 Percentage of total: Installment 95 % 5 % 100 % Credit cards 74 % 26 % 100 % Total 81 % 19 % 100 %
Summary of Credit Concentration by Region	The table below presents the concentration of gross loans by region. $ in millions Carrying Americas EMEA Asia Total As of September 2022 Corporate $ 63,181 64 % 29 % 7 % 100 % Wealth management 50,101 89 % 10 % 1 % 100 % Commercial real estate 26,082 79 % 16 % 5 % 100 % Residential real estate 14,342 95 % 3 % 2 % 100 % Consumer: Installment 5,157 100 % — — 100 % Credit cards 13,691 100 % — — 100 % Other 8,961 89 % 10 % 1 % 100 % Total $ 181,515 80 % 16 % 4 % 100 % As of December 2021 Corporate $ 55,927 54 % 38 % 8 % 100 % Wealth management 43,998 87 % 10 % 3 % 100 % Commercial real estate 25,883 80 % 15 % 5 % 100 % Residential real estate 15,913 95 % 2 % 3 % 100 % Consumer: Installment 3,672 100 % — — 100 % Credit cards 8,212 100 % — — 100 % Other 8,530 84 % 15 % 1 % 100 % Total $ 162,135 76 % 19 % 5 % 100 % In the table above: • EMEA represents Europe, Middle East and Africa. • The top five industry concentrations for corporate loans as of September 2022 were 23% for funds, 17% for technology, media & telecommunications, 12% for diversified industrials, 8% for financial institutions, and 8% for real estate.
Summary of Past Due Loans	The table below presents information about past due loans. $ in millions 30-89 days 90 days Total As of September 2022 Corporate $ 12 $ 129 $ 141 Wealth management 253 37 290 Commercial real estate 24 316 340 Residential real estate 2 7 9 Consumer: Installment 34 12 46 Credit cards 226 196 422 Other 20 8 28 Total $ 571 $ 705 $ 1,276 Total divided by gross loans at amortized cost 0.8 % As of December 2021 Corporate $ 5 $ 90 $ 95 Wealth management — 20 20 Commercial real estate 7 143 150 Residential real estate 3 4 7 Consumer: Installment 20 7 27 Credit cards 86 71 157 Other 15 3 18 Total $ 136 $ 338 $ 474 Total divided by gross loans at amortized cost 0.3 %
Summary of Nonaccrual Loans	The table below presents information about nonaccrual loans. As of September December $ in millions 2022 2021 Corporate $ 1,422 $ 1,559 Wealth management 213 21 Commercial real estate 574 841 Residential real estate 4 5 Installment 38 43 Total $ 2,251 $ 2,469 Total divided by gross loans at amortized cost 1.4 % 1.7 % In the table above: • Nonaccrual loans included $598 million as of September 2022 and $254 million as of December 2021 of loans that were 30 days or more past due. • Loans that were 90 days or more past due and still accruing were not material as of both September 2022 and December 2021. • Nonaccrual loans included $212 million as of September 2022 and $267 million as of December 2021 of corporate and commercial real estate loans that were modified in a TDR. The firm’s lending commitments related to these loans were not material as of both September 2022 and December 2021. Installment loans that were modified in a TDR were not material as of both September 2022 and December 2021.
Summary of Loans and Lending Commitments Accounted for at Amortized Cost by Portfolio	The table below presents gross loans and lending commitments accounted for at amortized cost by portfolio. As of September 2022 December 2021 $ in millions Loans Lending Commitments Loans Lending Wholesale Corporate $ 57,431 $139,946 $ 50,960 $143,296 Wealth management 45,564 4,638 38,062 4,091 Commercial real estate 22,214 2,715 21,150 4,306 Residential real estate 14,084 2,793 15,493 3,317 Other 8,324 4,940 5,958 6,169 Consumer Installment 5,157 957 3,672 9 Credit cards 13,691 60,655 8,212 35,932 Total $ 166,465 $216,644 $ 143,507 $197,120 In the table above: • Wholesale loans included $2.21 billion as of September 2022 and $2.43 billion as of December 2021 of nonaccrual loans for which the allowance for credit losses was measured on an asset-specific basis. The allowance for credit losses on these loans was $449 million as of September 2022 and $543 million as of December 2021. These loans included $313 million as of September 2022 and $140 million as of December 2021 of loans which did not require a reserve as the loan was deemed to be recoverable. • Credit card lending commitments included $60.66 billion as of September 2022 and $33.97 billion as of December 2021 related to credit card lines issued by the firm to consumers. These credit card lines are cancellable by the firm. The increase in credit card lending commitments from December 2021 to September 2022 reflected approximately $15.0 billion relating to the firm’s acquisition of the General Motors co-branded credit card portfolio. In addition, credit card lending commitments as of December 2021 included a commitment of approximately $2.0 billion to acquire the outstanding credit card loans related to the General Motors co-branded credit card portfolio. See Note 18 for further information about lending commitments.
Summary of Changes in Allowance for Loan Losses and Allowance for Losses on Lending Commitments	The table below presents information about the allowance for credit losses. $ in millions Wholesale Consumer Total Three Months Ended September 2022 Allowance for loan losses Beginning balance $ 2,458 $ 2,104 $ 4,562 Net (charge-offs)/recoveries (43) (129) (172) Provision 78 403 481 Other (25) — (25) Ending balance $ 2,468 $ 2,378 $ 4,846 Allowance ratio 1.7 % 12.6 % 2.9 % Net charge-off ratio 0.1 % 2.9 % 0.4 % Allowance for losses on lending commitments Beginning balance $ 702 $ 3 $ 705 Provision (10) 44 34 Ending balance $ 692 $ 47 $ 739 Three Months Ended September 2021 Allowance for loan losses Beginning balance $ 2,173 $ 1,098 $ 3,271 Net (charge-offs)/recoveries (40) (36) (76) Provision 25 139 164 Other (27) — (27) Ending balance $ 2,131 $ 1,201 $ 3,332 Allowance ratio 1.8 % 12.4 % 2.6 % Net charge-off ratio 0.1 % 1.6 % 0.2 % Allowance for losses on lending commitments Beginning balance $ 636 $ 186 $ 822 Provision 13 (2) 11 Ending balance $ 649 $ 184 $ 833 Nine Months Ended September 2022 Allowance for loan losses Beginning balance $ 2,135 $ 1,438 $ 3,573 Net (charge-offs)/recoveries (189) (286) (475) Provision 551 1,226 1,777 Other (29) — (29) Ending balance $ 2,468 $ 2,378 $ 4,846 Allowance ratio 1.7 % 12.6 % 2.9 % Net charge-off ratio 0.2 % 2.5 % 0.4 % Allowance for losses on lending commitments Beginning balance $ 589 $ 187 $ 776 Provision 106 (140) (34) Other (3) — (3) Ending balance $ 692 $ 47 $ 739 Nine Months Ended September 2021 Allowance for loan losses Beginning balance $ 2,584 $ 1,290 $ 3,874 Net (charge-offs)/recoveries (49) (153) (202) Provision (345) 64 (281) Other (59) — (59) Ending balance $ 2,131 $ 1,201 $ 3,332 Allowance ratio 1.8 % 12.4 % 2.6 % Net charge-off ratio 0.1 % 2.4 % 0.2 % Allowance for losses on lending commitments Beginning balance $ 557 $ — $ 557 Provision 110 184 294 Other (18) — (18) Ending balance $ 649 $ 184 $ 833 In the table above: • For the nine months ended September 2021, other primarily represented the reduction to the allowance related to loans and lending commitments transferred to held for sale. • The allowance ratio is calculated by dividing the allowance for loan losses by gross loans accounted for at amortized cost.
Schedule of Forecasted Economic Scenarios	The table below presents the forecasted U.S. unemployment and U.S. GDP growth rates used in the baseline economic scenario of the forecast model. As of September 2022 U.S. unemployment rate Forecast for the quarter ended: December 2022 3.8 % June 2023 4.0 % December 2023 4.1 % Growth in U.S. GDP Forecast for the year: 2022 1.5 % 2023 0.8 % 2024 1.5 % The adverse economic scenario of the forecast model reflects a global recession in the fourth quarter of 2022 through the second half of 2023 resulting in an economic contraction, decline in consumer spending and rising unemployment rates. In this scenario, the U.S. unemployment rate peaks at approximately 7.4% during the fourth quarter of 2023 and the maximum decline in the quarterly U.S. GDP relative to the third quarter of 2022 is approximately 2.1%, which occurs during the third quarter of 2023. In the table above: • U.S. unemployment rate represents the rate forecasted as of the respective quarter-end. • Growth in U.S. GDP represents the year-over-year growth rate forecasted for the respective years.
Fair Value of Loans Held for Investment by Level	The table below presents loans held for investment accounted for at fair value under the fair value option by level within the fair value hierarchy. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Loan Type Corporate $ — $ 1,101 $ 743 $ 1,844 Wealth management — 4,474 63 4,537 Commercial real estate — 432 845 1,277 Residential real estate — 162 95 257 Other — 23 312 335 Total $ — $ 6,192 $ 2,058 $ 8,250 As of December 2021 Loan Type Corporate $ — $ 1,655 $ 837 $ 2,492 Wealth management — 5,873 63 5,936 Commercial real estate — 605 983 1,588 Residential real estate — 115 205 320 Other — 167 266 433 Total $ — $ 8,415 $ 2,354 $ 10,769
Summary of Weighted Average of Significant Observable Inputs	The table below presents the amount of level 3 loans, and ranges and weighted averages of significant unobservable inputs used to value such loans. As of September 2022 As of December 2021 $ in millions Amount or Range Weighted Amount or Range Weighted Corporate Level 3 assets $ 743 $ 837 Yield 2.0% to 25.0% 10.7 % 1.5% to 55.6% 14.9 % Recovery rate 15.0% to 95.0% 43.6 % 15.0% to 92.0% 40.8 % Duration (years) 0.3 to 3.5 2.6 0.9 to 6.8 2.7 Commercial real estate Level 3 assets $ 845 $ 983 Yield 1.4% to 27.0% 14.1 % 3.2% to 18.7% 12.6 % Recovery rate 3.6% to 23.5% 16.8 % 4.1% to 99.5% 41.4 % Duration (years) 0.3 to 4.8 2.1 0.4 to 4.0 1.7 Residential real estate Level 3 assets $ 95 $ 205 Yield 3.8% to 17.0% 13.8 % 2.1% to 20.0% 16.1 % Duration (years) 0.3 to 7.3 2.4 0.1 to 2.4 1.0 Wealth management and other Level 3 assets $ 375 $ 329 Yield 5.7% to 13.0% 8.7 % 3.6% to 18.7% 7.1 % Duration (years) 2.9 to 5.4 3.9 2.9 to 5.5 3.6 In the table above: • Ranges represent the significant unobservable inputs that were used in the valuation of each type of loan. • Weighted averages are calculated by weighting each input by the relative fair value of the loan. • The ranges and weighted averages of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one loan. For example, the highest yield for residential real estate loans is appropriate for valuing a specific residential real estate loan but may not be appropriate for valuing any other residential real estate loan. Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of level 3 loans. • Increases in yield or duration used in the valuation of level 3 loans would have resulted in a lower fair value measurement, while increases in recovery rate would have resulted in a higher fair value measurement as of both September 2022 and December 2021. Due to the distinctive nature of each level 3 loan, the interrelationship of inputs is not necessarily uniform within each product type.
Summary of Changes in Fair Value for Level 3 Loans	The table below presents a summary of the changes in fair value for level 3 loans. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ 2,347 $ 2,229 $ 2,354 $ 2,678 Net realized gains/(losses) 17 23 89 72 Net unrealized gains/(losses) (89) (16) (217) (31) Purchases 7 74 212 140 Sales (18) (13) (61) (17) Settlements (156) (181) (429) (555) Transfers into level 3 141 93 272 181 Transfers out of level 3 (191) (10) (162) (269) Ending balance $ 2,058 $ 2,199 $ 2,058 $ 2,199 In the table above: • Changes in fair value are presented for loans that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to loans that were still held at period-end. • Purchases includes originations and secondary purchases. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a loan was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. The table below presents information, by loan type, for loans included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Corporate Beginning balance $ 958 $ 852 $ 837 $ 929 Net realized gains/(losses) 9 11 21 21 Net unrealized gains/(losses) (10) (16) (31) (24) Purchases 7 17 121 63 Sales (18) (13) (53) (13) Settlements (78) (81) (141) (208) Transfers into level 3 41 15 78 103 Transfers out of level 3 (166) (10) (89) (96) Ending balance $ 743 $ 775 $ 743 $ 775 Commercial real estate Beginning balance $ 891 $ 920 $ 983 $ 1,104 Net realized gains/(losses) 6 9 47 33 Net unrealized gains/(losses) (70) 11 (149) (15) Purchases — — 69 19 Sales — — (7) (3) Settlements (57) (82) (162) (227) Transfers into level 3 100 78 109 78 Transfers out of level 3 (25) — (45) (53) Ending balance $ 845 $ 936 $ 845 $ 936 Residential real estate Beginning balance $ 116 $ 118 $ 205 $ 260 Net realized gains/(losses) 1 3 — 6 Net unrealized gains/(losses) (9) 1 (18) (36) Purchases — 57 4 58 Sales — — (1) (1) Settlements (13) (13) (87) (45) Transfers into level 3 — — 19 — Transfers out of level 3 — — (27) (76) Ending balance $ 95 $ 166 $ 95 $ 166 Wealth management and other Beginning balance $ 382 $ 339 $ 329 $ 385 Net realized gains/(losses) 1 — 21 12 Net unrealized gains/(losses) — (12) (19) 44 Purchases — — 18 — Settlements (8) (5) (39) (75) Transfers into level 3 — — 66 — Transfers out of level 3 — — (1) (44) Ending balance $ 375 $ 322 $ 375 $ 322
Summary of Estimated Fair Value of Loans and Lending Commitments that are not Accounted for at Fair Value	The table below presents the estimated fair value of loans that are not accounted for at fair value and in what level of the fair value hierarchy they would have been classified if they had been included in the firm’s fair value hierarchy. Carrying Value Estimated Fair Value $ in millions Level 2 Level 3 Total As of September 2022 Amortized cost $ 161,619 $ 85,846 $ 77,386 $ 163,232 Held for sale $ 6,800 $ 3,589 $ 3,221 $ 6,810 As of December 2021 Amortized cost $ 139,934 $ 87,676 $ 54,127 $ 141,803 Held for sale $ 7,859 $ 5,970 $ 1,917 $ 7,887

Fair Value Option (Tables)

Fair Value Option (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Financial Assets and Financial Liabilities by Level	The table below presents, by level within the fair value hierarchy, other financial assets and liabilities at fair value, substantially all of which are accounted for at fair value under the fair value option. $ in millions Level 1 Level 2 Level 3 Total As of September 2022 Assets Resale agreements $ — $ 182,502 $ — $ 182,502 Securities borrowed — 42,506 — 42,506 Customer and other receivables — 25 — 25 Total $ — $ 225,033 $ — $ 225,033 Liabilities Deposits $ — $ (20,858) $ (2,729) $ (23,587) Repurchase agreements — (159,690) — (159,690) Securities loaned — (7,444) — (7,444) Other secured financings — (12,370) (1,870) (14,240) Unsecured borrowings: Short-term — (27,958) (4,512) (32,470) Long-term — (55,685) (9,673) (65,358) Other liabilities — (381) (81) (462) Total $ — $ (284,386) $ (18,865) $ (303,251) As of December 2021 Assets Resale agreements $ — $ 205,703 $ — $ 205,703 Securities borrowed — 39,955 — 39,955 Customer and other receivables — 42 — 42 Total $ — $ 245,700 $ — $ 245,700 Liabilities Deposits $ — $ (31,812) $ (3,613) $ (35,425) Repurchase agreements — (165,883) — (165,883) Securities loaned — (9,170) — (9,170) Other secured financings — (14,508) (2,566) (17,074) Unsecured borrowings: Short-term — (22,003) (7,829) (29,832) Long-term — (42,977) (9,413) (52,390) Other liabilities — (213) (146) (359) Total $ — $ (286,566) $ (23,567) $ (310,133)
Level 3 Rollforward	The table below presents a summary of the changes in fair value for level 3 other financial liabilities accounted for at fair value. Three Months Nine Months $ in millions 2022 2021 2022 2021 Beginning balance $ (19,114) $ (28,136) $ (23,567) $ (28,058) Net realized gains/(losses) (90) (181) (222) (388) Net unrealized gains/(losses) 1,538 819 5,977 822 Issuances (3,296) (4,856) (9,486) (11,797) Settlements 2,691 6,742 8,548 13,325 Transfers into level 3 (1,494) (570) (2,562) (745) Transfers out of level 3 900 1,845 2,447 2,504 Ending balance $ (18,865) $ (24,337) $ (18,865) $ (24,337) In the table above: • Changes in fair value are presented for all other financial liabilities that are classified in level 3 as of the end of the period. • Net unrealized gains/(losses) relates to other financial liabilities that were still held at period-end. • Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. If a financial liability was transferred to level 3 during a reporting period, its entire gain or loss for the period is classified in level 3. • For level 3 other financial liabilities, increases are shown as negative amounts, while decreases are shown as positive amounts. • Level 3 other financial liabilities are frequently economically hedged with trading assets and liabilities. Accordingly, gains or losses that are classified in level 3 can be partially offset by gains or losses attributable to level 1, 2 or 3 trading assets and liabilities. As a result, gains or losses included in the level 3 rollforward below do not necessarily represent the overall impact on the firm’s results of operations, liquidity or capital resources. The table below presents information, by the consolidated balance sheet line items, for liabilities included in the summary table above. Three Months Nine Months $ in millions 2022 2021 2022 2021 Deposits Beginning balance $ (2,789) $ (3,908) $ (3,613) $ (4,221) Net realized gains/(losses) — (8) (7) (23) Net unrealized gains/(losses) 135 74 466 (28) Issuances (261) (144) (735) (341) Settlements 259 307 1,041 904 Transfers into level 3 (89) — (20) (23) Transfers out of level 3 16 42 139 95 Ending balance $ (2,729) $ (3,637) $ (2,729) $ (3,637) Repurchase agreements Beginning balance $ — $ — $ — $ (2) Settlements — — — 2 Ending balance $ — $ — $ — $ — Other secured financings Beginning balance $ (1,412) $ (2,891) $ (2,566) $ (3,474) Net realized gains/(losses) (13) 3 (18) (1) Net unrealized gains/(losses) 86 30 177 71 Issuances (406) (43) (545) (101) Settlements 22 414 527 657 Transfers into level 3 (147) (233) (110) (243) Transfers out of level 3 — 80 665 451 Ending balance $ (1,870) $ (2,640) $ (1,870) $ (2,640) Unsecured short-term borrowings Beginning balance $ (5,209) $ (11,461) $ (7,829) $ (7,523) Net realized gains/(losses) (54) (112) (126) (168) Net unrealized gains/(losses) 286 429 1,241 334 Issuances (1,165) (3,453) (3,582) (8,042) Settlements 1,747 4,846 5,443 6,399 Transfers into level 3 (528) (200) (470) (183) Transfers out of level 3 411 1,282 811 514 Ending balance $ (4,512) $ (8,669) $ (4,512) $ (8,669) Unsecured long-term borrowings Beginning balance $ (9,626) $ (9,714) $ (9,413) $ (12,576) Net realized gains/(losses) (23) (64) (71) (196) Net unrealized gains/(losses) 1,034 289 4,028 348 Issuances (1,464) (1,216) (4,624) (3,313) Settlements 663 1,175 1,537 5,363 Transfers into level 3 (730) (137) (1,962) (296) Transfers out of level 3 473 441 832 1,444 Ending balance $ (9,673) $ (9,226) $ (9,673) $ (9,226) Other liabilities Beginning balance $ (78) $ (162) $ (146) $ (262) Net unrealized gains/(losses) (3) (3) 65 97 Ending balance $ (81) $ (165) $ (81) $ (165)
Gains and Losses on Other Financial Assets and Financial Liabilities at Fair Value	The table below presents the gains and losses recognized in earnings as a result of the election to apply the fair value option to certain financial assets and liabilities. Three Months Nine Months $ in millions 2022 2021 2022 2021 Unsecured short-term borrowings $ 1,114 $ 875 $ 5,379 $ (935) Unsecured long-term borrowings 2,445 (128) 8,316 (1,830) Other 434 54 1,255 (17) Total $ 3,993 $ 801 $ 14,950 $ (2,782) In the table above: • Gains/(losses) were substantially all included in market making. • Gains/(losses) exclude contractual interest, which is included in interest income and interest expense, for all instruments other than hybrid financial instruments. See Note 23 for further information about interest income and interest expense. • Gains/(losses) included in unsecured short- and long-term borrowings were substantially all related to the embedded derivative component of hybrid financial instruments for each of the three and nine months ended September 2022 and September 2021. These gains and losses would have been recognized under other U.S. GAAP even if the firm had not elected to account for the entire hybrid financial instrument at fair value. • Other primarily consists of gains/(losses) on deposits, other secured financings and other liabilities.
Summary of DVA Gains/(Losses) on Financial Liabilities	The table below presents information about the net debt valuation adjustment (DVA) gains/(losses) on financial liabilities for which the fair value option was elected. Three Months Nine Months $ in millions 2022 2021 2022 2021 Pre-tax DVA $ 907 $ 92 $ 3,488 $ 222 After tax DVA $ 673 $ 67 $ 2,601 $ 165 In the table above: • After tax DVA is included in debt valuation adjustment in the consolidated statements of comprehensive income. • The gains/(losses) reclassified to market making in the consolidated statements of earnings from accumulated other comprehensive income/(loss) upon extinguishment of such financial liabilities were not material for each of the three and nine months ended September 2022 and September 2021.
Loans and Lending Commitments	The table below presents the difference between the aggregate fair value and the aggregate contractual principal amount for loans (included in trading assets and loans in the consolidated balance sheets) for which the fair value option was elected. As of September December $ in millions 2022 2021 Performing loans Aggregate contractual principal in excess of fair value $ 3,208 $ 1,373 Loans on nonaccrual status and/or more than 90 days past due Aggregate contractual principal in excess of fair value $ 6,319 $ 8,600 Aggregate fair value $ 2,555 $ 3,559

Collateralized Agreements and_2

Collateralized Agreements and Financings (Tables)	9 Months Ended
	Sep. 30, 2022
Collateralized Agreements And Financings [Abstract]
Offsetting Arrangements	The table below presents resale and repurchase agreements and securities borrowed and loaned transactions included in the consolidated balance sheets, as well as the amounts not offset in the consolidated balance sheets. Assets Liabilities $ in millions Resale agreements Securities borrowed Repurchase agreements Securities loaned As of September 2022 Included in the consolidated balance sheets Gross carrying value $ 274,034 $ 198,548 $ 251,222 $ 45,402 Counterparty netting (91,532) (1,580) (91,532) (1,580) Total 182,502 196,968 159,690 43,822 Amounts not offset Counterparty netting (23,623) (7,827) (23,623) (7,827) Collateral (152,988) (177,823) (133,537) (34,824) Total $ 5,891 $ 11,318 $ 2,530 $ 1,171 As of December 2021 Included in the consolidated balance sheets Gross carrying value $ 334,725 $ 190,197 $ 294,905 $ 57,931 Counterparty netting (129,022) (11,426) (129,022) (11,426) Total 205,703 178,771 165,883 46,505 Amounts not offset Counterparty netting (27,376) (12,822) (27,376) (12,822) Collateral (173,915) (157,752) (134,465) (33,143) Total $ 4,412 $ 8,197 $ 4,042 $ 540 In the table above: • Substantially all of the gross carrying values of these arrangements are subject to enforceable netting agreements. • Where the firm has received or posted collateral under credit support agreements, but has not yet determined such agreements are enforceable, the related collateral has not been netted. • Amounts not offset includes counterparty netting that does not meet the criteria for netting under U.S. GAAP and the fair value of collateral received or posted subject to enforceable credit support agreements. • Resale agreements and repurchase agreements are carried at fair value under the fair value option. See Note 4 for further information about the valuation techniques and significant inputs used to determine fair value. • Securities borrowed included in the consolidated balance sheets of $42.51 billion as of September 2022 and $39.96 billion as of December 2021, and securities loaned of $7.44 billion as of September 2022 and $9.17 billion as of December 2021 were at fair value under the fair value option. See Note 10 for further information about securities borrowed and securities loaned accounted for at fair value.
Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned by Class of Collateral Pledged	The table below presents the gross carrying value of repurchase agreements and securities loaned by class of collateral pledged. $ in millions Repurchase agreements Securities loaned As of September 2022 Money market instruments $ 1,132 $ — U.S. government and agency obligations 134,142 443 Non-U.S. government and agency obligations 89,464 958 Securities backed by commercial real estate 211 30 Securities backed by residential real estate 278 — Corporate debt securities 15,370 428 State and municipal obligations 50 — Other debt obligations 104 25 Equity securities 10,471 43,518 Total $ 251,222 $ 45,402 As of December 2021 Money market instruments $ 328 $ 14 U.S. government and agency obligations 132,049 503 Non-U.S. government and agency obligations 126,397 1,254 Securities backed by commercial real estate 362 — Securities backed by residential real estate 919 — Corporate debt securities 11,034 510 State and municipal obligations 248 — Other debt obligations 374 — Equity securities 23,194 55,650 Total $ 294,905 $ 57,931
Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned by Maturity Date	The table below presents the gross carrying value of repurchase agreements and securities loaned by maturity. As of September 2022 $ in millions Repurchase agreements Securities loaned No stated maturity and overnight $ 96,905 $ 26,459 2 - 30 days 67,705 611 31 - 90 days 31,650 863 91 days - 1 year 44,190 11,102 Greater than 1 year 10,772 6,367 Total $ 251,222 $ 45,402 In the table above: • Repurchase agreements and securities loaned that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates.
Other Secured Financings	The table below presents information about other secured financings. $ in millions U.S. Non-U.S. Dollar Total As of September 2022 Other secured financings (short-term): At fair value $ 4,983 $ 2,201 $ 7,184 At amortized cost 583 152 735 Other secured financings (long-term): At fair value 4,470 2,586 7,056 At amortized cost 261 359 620 Total other secured financings $ 10,297 $ 5,298 $ 15,595 Other secured financings collateralized by: Financial instruments $ 5,381 $ 4,272 $ 9,653 Other assets $ 4,916 $ 1,026 $ 5,942 As of December 2021 Other secured financings (short-term): At fair value $ 5,315 $ 3,664 $ 8,979 At amortized cost — 191 191 Other secured financings (long-term): At fair value 4,170 3,925 8,095 At amortized cost 827 452 1,279 Total other secured financings $ 10,312 $ 8,232 $ 18,544 Other secured financings collateralized by: Financial instruments $ 5,990 $ 6,834 $ 12,824 Other assets $ 4,322 $ 1,398 $ 5,720 In the table above: • Short-term other secured financings includes financings maturing within one year of the financial statement date and financings that are redeemable within one year of the financial statement date at the option of the holder. • U.S. dollar-denominated short-term other secured financings at amortized cost had a weighted average interest rate of 4.13% as of September 2022. These rates include the effect of hedging activities. • Non-U.S. dollar-denominated short-term other secured financings at amortized cost had a weighted average interest rate of 0.22% as of both September 2022 and December 2021. This rate includes the effect of hedging activities. • U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 4.01% as of September 2022 and 1.06% as of December 2021. These rates include the effect of hedging activities. • Non-U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 0.46% as of both September 2022 and December 2021. These rates include the effect of hedging activities. • Total other secured financings included $1.64 billion as of September 2022 and $1.97 billion as of December 2021 related to transfers of financial assets accounted for as financings rather than sales. Such financings were collateralized by financial assets, primarily included in trading assets, of $1.62 billion as of September 2022 and $2.02 billion as of December 2021.
Other Secured Financings by Maturity Date	The table below presents other secured financings by maturity. As of $ in millions September 2022 Other secured financings (short-term) $ 7,919 Other secured financings (long-term): 2023 917 2024 2,229 2025 934 2026 1,457 2027 132 2028 - thereafter 2,007 Total other secured financings (long-term) 7,676 Total other secured financings $ 15,595 In the table above: • Long-term other secured financings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates.
Financial Instruments Received as Collateral and Repledged	The table below presents financial instruments at fair value received as collateral that were available to be delivered or repledged and were delivered or repledged. As of September December $ in millions 2022 2021 Collateral available to be delivered or repledged $ 898,556 $ 1,057,195 Collateral that was delivered or repledged $ 741,587 $ 875,213
Schedule of Assets Pledged as Collateral	The table below presents information about assets pledged. As of September December $ in millions 2022 2021 Pledged to counterparties that had the right to deliver or repledge Trading assets $ 77,130 $ 68,208 Investments $ 20,375 $ 12,840 Pledged to counterparties that did not have the right to deliver or repledge Trading assets $ 92,793 $ 102,259 Investments $ 22,220 $ 8,683 Loans $ 7,307 $ 6,808 Other assets $ 8,464 $ 8,878

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Other Assets [Abstract]
Other Assets	The table below presents other assets by type. As of September December $ in millions 2022 2021 Property, leasehold improvements and equipment $ 17,167 $ 18,094 Goodwill 6,288 4,285 Identifiable intangible assets 1,963 418 Operating lease right-of-use assets 2,067 2,292 Income tax-related assets 5,394 3,860 Miscellaneous receivables and other 6,366 5,659 Total $ 39,245 $ 34,608
Carrying Value of Goodwill	The table below presents the carrying value of goodwill by reporting unit. As of September December $ in millions 2022 2021 Investment Banking $ 281 $ 281 Global Markets: FICC 269 269 Equities 2,637 2,638 Asset Management 1,299 349 Consumer & Wealth Management: Consumer banking 1,102 48 Wealth management 700 700 Total $ 6,288 $ 4,285 In the table above, substantially all of the increase in goodwill from December 2021 to September 2022 was driven by the acquisitions of GreenSky and NNIP.
Identifiable Intangible Assets by Reporting Unit and Type	The table below presents identifiable intangible assets by reporting unit and type. As of $ in millions September 2022 December 2021 By Reporting Unit Global Markets: FICC $ 1 $ 1 Equities 40 43 Asset Management 938 122 Consumer & Wealth Management: Consumer banking 764 — Wealth management 220 252 Total $ 1,963 $ 418 By Type Customer lists and merchant relationships Gross carrying value $ 3,126 $ 1,460 Accumulated amortization (1,229) (1,130) Net carrying value 1,897 330 Acquired leases and other Gross carrying value 487 500 Accumulated amortization (421) (412) Net carrying value 66 88 Total gross carrying value 3,613 1,960 Total accumulated amortization (1,650) (1,542) Total net carrying value $ 1,963 $ 418
Amortization of Identifiable Intangible Assets	The tables below present information about the amortization of identifiable intangible assets. Three Months Nine Months $ in millions 2022 2021 2022 2021 Amortization $ 54 $ 22 $ 124 $ 89
Estimated Future Amortization	As of $ in millions September 2022 Estimated future amortization Remainder of 2022 $ 48 2023 $ 193 2024 $ 181 2025 $ 164 2026 $ 156 2027 $ 155

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Schedule of Types and Sources of Deposits	The table below presents the types and sources of deposits. $ in millions Savings and Time Total As of September 2022 Consumer $ 91,884 $ 21,566 $ 113,450 Private bank 81,585 13,397 94,982 Brokered certificates of deposit — 37,578 37,578 Deposit sweep programs 46,165 — 46,165 Transaction banking 73,139 5,572 78,711 Other 1,462 22,385 23,847 Total $ 294,235 $ 100,498 $ 394,733 As of December 2021 Consumer $ 89,150 $ 20,533 $ 109,683 Private bank 85,427 9,665 95,092 Brokered certificates of deposit — 30,816 30,816 Deposit sweep programs 37,965 — 37,965 Transaction banking 48,618 5,689 54,307 Other 275 36,089 36,364 Total $ 261,435 $ 102,792 $ 364,227 In the table above: • Substantially all deposits are interest-bearing. • Savings and demand accounts consist of money market deposit accounts, negotiable order of withdrawal accounts and demand deposit accounts that have no stated maturity or expiration date. • Time deposits included $23.59 billion as of September 2022 and $35.43 billion as of December 2021 of deposits accounted for at fair value under the fair value option. See Note 10 for further information about deposits accounted for at fair value. • Time deposits had a weighted average maturity of approximately 0.9 years as of both September 2022 and December 2021. • Deposit sweep programs include long-term contractual agreements with U.S. broker-dealers who sweep client cash to FDIC-insured deposits. • Transaction banking deposits consists of deposits that the firm raised through its cash management services business for corporate and other institutional clients. • Other deposits represent deposits from institutional clients. • Deposits insured by the FDIC were $187.64 billion as of September 2022 and $156.66 billion as of December 2021.
Schedule of Location of Deposits	The table below presents the location of deposits. As of September December $ in millions 2022 2021 U.S. offices $ 323,048 $ 283,705 Non-U.S. offices 71,685 80,522 Total $ 394,733 $ 364,227
Schedule of Maturities of Time Deposits	The table below presents maturities of time deposits held in U.S. and non-U.S. offices. As of September 2022 $ in millions U.S. Non-U.S. Total Remainder of 2022 $ 16,347 $ 14,867 $ 31,214 2023 37,121 12,374 49,495 2024 10,198 94 10,292 2025 3,782 199 3,981 2026 2,432 240 2,672 2027 1,089 170 1,259 2028 - thereafter 1,270 315 1,585 Total $ 72,239 $ 28,259 $ 100,498

Unsecured Borrowings (Tables)

Unsecured Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Unsecured Borrowings	The table below presents information about unsecured borrowings. As of September December $ in millions 2022 2021 Unsecured short-term borrowings $ 51,850 $ 46,955 Unsecured long-term borrowings 239,965 254,092 Total $ 291,815 $ 301,047
Unsecured Short-Term Borrowings	The table below presents information about unsecured short-term borrowings. As of September December $ in millions 2022 2021 Current portion of unsecured long-term borrowings $ 28,306 $ 18,118 Hybrid financial instruments 16,322 20,073 Commercial paper 5,152 6,730 Other unsecured short-term borrowings 2,070 2,034 Total unsecured short-term borrowings $ 51,850 $ 46,955 Weighted average interest rate 2.74 % 2.34 %
Unsecured Long-Term Borrowings	The table below presents information about unsecured long-term borrowings. $ in millions U.S. Dollar Non-U.S. Total As of September 2022 Fixed-rate obligations $ 119,962 $ 35,620 $ 155,582 Floating-rate obligations 55,812 28,571 84,383 Total $ 175,774 $ 64,191 $ 239,965 As of December 2021 Fixed-rate obligations $ 126,534 $ 46,408 $ 172,942 Floating-rate obligations 50,995 30,155 81,150 Total $ 177,529 $ 76,563 $ 254,092 In the table above: • Unsecured long-term borrowings consists principally of senior borrowings, which have maturities extending through 2065. • Floating-rate obligations includes equity-linked, credit-linked and indexed instruments. Floating interest rates are generally based on SOFR, USD LIBOR, or Euro Interbank Offered Rate. • U.S. dollar-denominated debt had interest rates ranging from 0.63% to 6.75% (with a weighted average rate of 3.39%) as of September 2022 and 0.48% to 7.68% (with a weighted average rate of 3.34%) as of December 2021. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option.
Unsecured Long-Term Borrowings by Maturity Date	The table below presents unsecured long-term borrowings by maturity. As of $ in millions September 2022 2023 $ 14,609 2024 40,828 2025 34,203 2026 20,824 2027 27,937 2028 - thereafter 101,564 Total $ 239,965 In the table above: • Unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder are excluded as they are included in unsecured short-term borrowings. • Unsecured long-term borrowings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. • Unsecured long-term borrowings that are redeemable prior to maturity at the option of the holder are reflected at the earliest dates such options become exercisable.
Unsecured Long-Term Borrowings after Hedging	The table below presents unsecured long-term borrowings, after giving effect to such hedging activities. As of September December $ in millions 2022 2021 Fixed-rate obligations: At fair value $ 5,692 $ 4,863 At amortized cost 5,411 30,370 Floating-rate obligations: At fair value 59,666 47,527 At amortized cost 169,196 171,332 Total $ 239,965 $ 254,092
Subordinated Borrowings	The table below presents information about subordinated borrowings. $ in millions Par Carrying Rate As of September 2022 Subordinated debt $ 12,118 $ 11,745 4.54 % Junior subordinated debt 968 1,052 3.76 % Total $ 13,086 $ 12,797 4.49 % As of December 2021 Subordinated debt $ 12,437 $ 15,571 1.74 % Junior subordinated debt 968 1,321 1.31 % Total $ 13,405 $ 16,892 1.71 %

Other Liabilities (Tables)

Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Summary of Other Liabilities by Type	The table below presents other liabilities by type. As of September December $ in millions 2022 2021 Compensation and benefits $ 6,217 $ 10,838 Income tax-related liabilities 3,274 2,360 Operating lease liabilities 2,057 2,288 Noncontrolling interests 824 840 Employee interests in consolidated funds 28 29 Accrued expenses and other 8,479 8,146 Total $ 20,879 $ 24,501
Information About Operating Lease Liabilities	The table below presents information about operating lease liabilities. $ in millions Operating As of September 2022 Remainder of 2022 $ 76 2023 327 2024 299 2025 261 2026 217 2027 - thereafter 1,543 Total undiscounted lease payments 2,723 Imputed interest (666) Total operating lease liabilities $ 2,057 Weighted average remaining lease term 13 years Weighted average discount rate 3.60 % As of December 2021 2022 $ 305 2023 307 2024 284 2025 258 2026 216 2027 - thereafter 1,655 Total undiscounted lease payments 3,025 Imputed interest (737) Total operating lease liabilities $ 2,288 Weighted average remaining lease term 14 years Weighted average discount rate 3.61 %

Securitization Activities (Tabl

Securitization Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Amount of Financial Assets Securitized and Cash Flows Received on Retained Interests	The table below presents the amount of financial assets securitized and the cash flows received on retained interests in securitization entities in which the firm had continuing involvement as of the end of the period. Three Months Nine Months $ in millions 2022 2021 2022 2021 Residential mortgages $ 6,128 $ 9,888 $ 25,069 $ 19,894 Commercial mortgages 2,306 3,066 13,820 13,832 Other financial assets 902 2,353 3,519 4,017 Total financial assets securitized $ 9,336 $ 15,307 $ 42,408 $ 37,743 Retained interests cash flows $ 125 $ 204 $ 428 $ 452
Firms Continuing Involvement in Securitization Entities to Which Firm Sold Assets	The table below presents information about nonconsolidated securitization entities to which the firm sold assets and had continuing involvement as of the end of the period. $ in millions Outstanding Retained Purchased As of September 2022 U.S. government agency-issued CMOs $ 39,848 $ 1,899 $ — Other residential mortgage-backed 27,703 1,233 129 Other commercial mortgage-backed 59,919 1,351 108 Corporate debt and other asset-backed 9,092 425 34 Total $ 136,562 $ 4,908 $ 271 As of December 2021 U.S. government agency-issued CMOs $ 33,984 $ 955 $ 3 Other residential mortgage-backed 23,262 1,114 96 Other commercial mortgage-backed 50,350 1,123 130 Corporate debt and other asset-backed 7,755 360 37 Total $ 115,351 $ 3,552 $ 266 In the table above: • CMOs represents collateralized mortgage obligations. • The outstanding principal amount is presented for the purpose of providing information about the size of the securitization entities and is not representative of the firm’s risk of loss. • The firm’s risk of loss from retained or purchased interests is limited to the carrying value of these interests. • Purchased interests represent senior and subordinated interests, purchased in connection with secondary market-making activities, in securitization entities in which the firm also holds retained interests. • Substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2018 and thereafter.
Weighted Average Key Economic Assumptions Used in Measuring Fair Value of Firm's Retained Interests and Sensitivity of This Fair Value to Immediate Adverse Changes	The table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. As of September December $ in millions 2022 2021 Fair value of retained interests $ 4,421 $ 3,209 Weighted average life (years) 6.6 5.1 Constant prepayment rate 8.4% 14.1% Impact of 10% adverse change $ (28) $ (38) Impact of 20% adverse change $ (52) $ (69) Discount rate 7.6% 5.6% Impact of 10% adverse change $ (131) $ (49) Impact of 20% adverse change $ (251) $ (96) In the table above: • Amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests. • Changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear. • The impact of a change in a particular assumption is calculated independently of changes in any other assumption. In practice, simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above. • The constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Abstract]
Nonconsolidated Variable Interest Entities	The table below presents a summary of the nonconsolidated VIEs in which the firm holds variable interests. As of September December $ in millions 2022 2021 Total nonconsolidated VIEs Assets in VIEs $ 184,515 $ 176,809 Carrying value of variable interests — assets $ 12,035 $ 9,582 Carrying value of variable interests — liabilities $ 791 $ 928 Maximum exposure to loss: Retained interests $ 4,908 $ 3,552 Purchased interests 916 1,071 Commitments and guarantees 2,642 2,440 Derivatives 8,128 8,682 Debt and equity 5,887 4,639 Total $ 22,481 $ 20,384 In the table above: • The nature of the firm’s variable interests is described in the rows under maximum exposure to loss. • The firm’s exposure to the obligations of VIEs is generally limited to its interests in these entities. In certain instances, the firm provides guarantees, including derivative guarantees, to VIEs or holders of variable interests in VIEs. • The maximum exposure to loss excludes the benefit of offsetting financial instruments that are held to mitigate the risks associated with these variable interests. • The maximum exposure to loss from retained interests, purchased interests, and debt and equity is the carrying value of these interests. • The maximum exposure to loss from commitments and guarantees, and derivatives is the notional amount, which does not represent anticipated losses and has not been reduced by unrealized losses. As a result, the maximum exposure to loss exceeds liabilities recorded for commitments and guarantees, and derivatives. The table below presents information, by principal business activity, for nonconsolidated VIEs included in the summary table above. As of September December $ in millions 2022 2021 Mortgage-backed Assets in VIEs $ 129,580 $ 120,343 Carrying value of variable interests — assets $ 4,892 $ 4,147 Maximum exposure to loss: Retained interests $ 4,483 $ 3,192 Purchased interests 408 955 Commitments and guarantees 61 34 Derivatives 13 18 Total $ 4,965 $ 4,199 Real estate, credit- and power-related and other investing Assets in VIEs $ 27,198 $ 26,867 Carrying value of variable interests — assets $ 4,105 $ 3,923 Carrying value of variable interests — liabilities $ 2 $ 8 Maximum exposure to loss: Commitments and guarantees $ 2,061 $ 2,030 Derivatives 61 64 Debt and equity 4,102 3,923 Total $ 6,224 $ 6,017 Corporate debt and other asset-backed Assets in VIEs $ 20,700 $ 18,391 Carrying value of variable interests — assets $ 2,757 $ 1,156 Carrying value of variable interests — liabilities $ 789 $ 920 Maximum exposure to loss: Retained interests $ 425 $ 360 Purchased interests 508 116 Commitments and guarantees 367 250 Derivatives 8,052 8,597 Debt and equity 1,504 360 Total $ 10,856 $ 9,683 Investments in funds Assets in VIEs $ 7,037 $ 11,208 Carrying value of variable interests — assets $ 281 $ 356 Maximum exposure to loss: Commitments and guarantees $ 153 $ 126 Derivatives 2 3 Debt and equity 281 356 Total $ 436 $ 485
Consolidated Variable Interest Entities	The table below presents a summary of the carrying value and balance sheet classification of assets and liabilities in consolidated VIEs. As of September December $ in millions 2022 2021 Total consolidated VIEs Assets Cash and cash equivalents $ 918 $ 501 Customer and other receivables 11 — Trading assets 145 122 Investments 98 153 Loans 1,293 1,988 Other assets 298 314 Total $ 2,763 $ 3,078 Liabilities Other secured financings $ 1,348 $ 1,143 Customer and other payables 5 34 Trading liabilities 1 7 Unsecured short-term borrowings 46 146 Unsecured long-term borrowings 23 81 Other liabilities 128 163 Total $ 1,551 $ 1,574 In the table above: • Assets and liabilities are presented net of intercompany eliminations and exclude the benefit of offsetting financial instruments that are held to mitigate the risks associated with the firm’s variable interests. • VIEs in which the firm holds a majority voting interest are excluded if (i) the VIE meets the definition of a business and (ii) the VIE’s assets can be used for purposes other than the settlement of its obligations. • Substantially all assets can only be used to settle obligations of the VIE. The table below presents information, by principal business activity, for consolidated VIEs included in the summary table above. As of September December $ in millions 2022 2021 Real estate, credit-related and other investing Assets Cash and cash equivalents $ 301 $ 274 Customer and other receivables 11 — Trading assets 30 16 Investments 98 153 Loans 1,293 1,988 Other assets 298 314 Total $ 2,031 $ 2,745 Liabilities Other secured financings $ 132 $ 150 Customer and other payables 5 34 Trading liabilities 1 7 Other liabilities 128 163 Total $ 266 $ 354 Corporate debt and other asset-backed Assets Cash and cash equivalents $ 617 $ 227 Trading assets 70 17 Total $ 687 $ 244 Liabilities Other secured financings $ 940 $ 602 Total $ 940 $ 602 Principal-protected notes Assets Trading assets $ 45 $ 89 Total $ 45 $ 89 Liabilities Other secured financings $ 276 $ 391 Unsecured short-term borrowings 46 146 Unsecured long-term borrowings 23 81 Total $ 345 $ 618 In the table above: • The majority of the assets in principal-protected notes VIEs are intercompany and are eliminated in consolidation.

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	The table below presents commitments by type. As of September December $ in millions 2022 2021 Commitment Type Commercial lending: Investment-grade $ 95,229 $ 95,585 Non-investment-grade 57,231 69,635 Warehouse financing 8,865 10,391 Consumer 61,612 35,941 Total lending 222,937 211,552 Risk participations 9,486 10,016 Collateralized agreement 104,691 101,031 Collateralized financing 33,858 29,561 Investment 7,246 11,381 Other 12,514 9,143 Total commitments $ 390,732 $ 372,684 The table below presents commitments by expiration. As of September 2022 Remainder of 2023 - 2025 - 2027 - $ in millions 2022 2024 2026 Thereafter Commitment Type Commercial lending: Investment-grade $ 3,472 $ 26,957 $ 41,053 $ 23,747 Non-investment-grade 2,040 15,452 23,532 16,207 Warehouse financing — 5,497 2,989 379 Consumer 60,677 935 — — Total lending 66,189 48,841 67,574 40,333 Risk participations 243 5,852 2,261 1,130 Collateralized agreement 95,230 9,461 — — Collateralized financing 30,495 3,363 — — Investment 1,110 1,325 509 4,302 Other 9,315 2,923 28 248 Total commitments $ 202,582 $ 71,765 $ 70,372 $ 46,013
Lending Commitments	The table below presents information about lending commitments. As of September December $ in millions 2022 2021 Held for investment $ 216,644 $ 197,120 Held for sale 4,820 13,175 At fair value 1,473 1,257 Total $ 222,937 $ 211,552 In the table above: • Held for investment lending commitments are accounted for at amortized cost. The carrying value of lending commitments was a liability of $958 million (including allowance for credit losses of $739 million) as of September 2022 and $1.05 billion (including allowance for credit losses of $776 million) as of December 2021. The estimated fair value of such lending commitments was a liability of $6.70 billion as of September 2022 and $4.17 billion as of December 2021. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $4.00 billion as of September 2022 and $1.91 billion as of December 2021 would have been classified in level 2, and $2.70 billion as of September 2022 and $2.26 billion as of December 2021 would have been classified in level 3. • Held for sale lending commitments are accounted for at the lower of cost or fair value. The carrying value of lending commitments held for sale was a liability of $130 million as of September 2022 and $91 million as of December 2021. The estimated fair value of such lending commitments approximates the carrying value. Had these lending commitments been included in the fair value hierarchy, they would have been primarily classified in level 3 as of both September 2022 and December 2021.
Guarantees	The table below presents derivatives that meet the definition of a guarantee, securities lending and clearing guarantees and certain other financial guarantees. $ in millions Derivatives Securities Other As of September 2022 Carrying Value of Net Liability $ 7,849 $ — $ 400 Maximum Payout/Notional Amount by Period of Expiration Remainder of 2022 $ 21,519 $ 14,041 $ 499 2023 - 2024 145,915 — 3,757 2025 - 2026 37,383 — 2,376 2027 - thereafter 33,490 — 421 Total $ 238,307 $ 14,041 $ 7,053 As of December 2021 Carrying Value of Net Liability $ 3,406 $ — $ 234 Maximum Payout/Notional Amount by Period of Expiration 2022 $ 68,212 $ 11,046 $ 871 2023 - 2024 48,273 — 3,608 2025 - 2026 19,706 — 2,015 2027 - thereafter 30,006 — 97 Total $ 166,197 $ 11,046 $ 6,591 In the table above: • The maximum payout is based on the notional amount of the contract and does not represent anticipated losses. • Amounts exclude certain commitments to issue standby letters of credit that are included in lending commitments. See the tables in “Commitments” above for a summary of the firm’s commitments.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Summary of Amount of Common Stock Repurchased by the Firm	The table below presents information about common stock repurchases. Three Months Nine Months in millions, except per share amounts 2022 2021 2022 2021 Common share repurchases 3.0 2.5 5.9 14.1 Average cost per share $ 332.32 $ 395.28 $ 337.32 $ 333.61 Total cost of common share repurchases $ 1,000 $ 1,000 $ 2,000 $ 4,700
Summary of Dividends Declared on Common Stock	The table below presents common stock dividends declared. Three Months Nine Months 2022 2021 2022 2021 Dividends declared per common share $ 2.50 $ 2.00 $ 6.50 $ 4.50
Summary of Perpetual Preferred Stock Issued and Outstanding	The tables below present information about the perpetual preferred stock issued and outstanding as of September 2022. Series Shares Shares Shares Depositary Shares A 50,000 30,000 29,999 1,000 C 25,000 8,000 8,000 1,000 D 60,000 54,000 53,999 1,000 E 17,500 7,667 7,667 N/A F 5,000 1,615 1,615 N/A J 46,000 40,000 40,000 1,000 K 32,200 28,000 28,000 1,000 O 26,000 26,000 26,000 25 P 66,000 60,000 60,000 25 Q 20,000 20,000 20,000 25 R 24,000 24,000 24,000 25 S 14,000 14,000 14,000 25 T 27,000 27,000 27,000 25 U 30,000 30,000 30,000 25 V 30,000 30,000 30,000 25 Total 472,700 400,282 400,280 Series Earliest Redemption Date Liquidation Redemption Value ($ in millions) A Currently redeemable $ 25,000 $ 750 C Currently redeemable $ 25,000 200 D Currently redeemable $ 25,000 1,350 E Currently redeemable $ 100,000 767 F Currently redeemable $ 100,000 161 J May 10, 2023 $ 25,000 1,000 K May 10, 2024 $ 25,000 700 O November 10, 2026 $ 25,000 650 P November 10, 2022 $ 25,000 1,500 Q August 10, 2024 $ 25,000 500 R February 10, 2025 $ 25,000 600 S February 10, 2025 $ 25,000 350 T May 10, 2026 $ 25,000 675 U August 10, 2026 $ 25,000 750 V November 10, 2026 $ 25,000 750 Total $ 10,703 In the tables above: • All shares have a par value of $0.01 per share and, where applicable, each share is represented by the specified number of depositary shares. • The earliest redemption date represents the date on which each share of non-cumulative preferred stock is redeemable at the firm’s option. • Prior to redeeming preferred stock, the firm must receive approval from the FRB. • The redemption price per share for Series A through F and Series Q through V Preferred Stock is the liquidation preference plus declared and unpaid dividends. The redemption price per share for Series J through P Preferred Stock is the liquidation preference plus accrued and unpaid dividends. • All series of preferred stock are pari passu and have a preference over the firm’s common stock on liquidation. • The firm’s ability to declare or pay dividends on, or purchase, redeem or otherwise acquire, its common stock is subject to certain restrictions in the event that the firm fails to pay or set aside full dividends on the preferred stock for the latest completed dividend period. • Series E and Series F Preferred Stock are held by Goldman Sachs Capital II and Goldman Sachs Capital III, respectively. These trusts are Delaware statutory trusts sponsored by the firm and wholly-owned finance subsidiaries of the firm for regulatory and legal purposes but are not consolidated for accounting purposes.
Summary of Dividend Rates of Perpetual Preferred Stock Issued and Outstanding	The table below presents the dividend rates of perpetual preferred stock as of September 2022. Series Per Annum Dividend Rate A 3 month LIBOR + 0.75%, with floor of 3.75%, payable quarterly C 3 month LIBOR + 0.75%, with floor of 4.00%, payable quarterly D 3 month LIBOR + 0.67%, with floor of 4.00%, payable quarterly E 3 month LIBOR + 0.7675%, with floor of 4.00%, payable quarterly F 3 month LIBOR + 0.77%, with floor of 4.00%, payable quarterly J 5.50% to, but excluding, May 10, 2023; K 6.375% to, but excluding, May 10, 2024; O 5.30%, payable semi-annually, from issuance date to, but excluding, November 10, 2026; 3 month LIBOR + 3.834%, payable quarterly, thereafter P 5.00%, payable semi-annually, from issuance date to, but excluding, November 10, 2022; 3 month LIBOR + 2.874%, payable quarterly, thereafter Q 5.50%, payable semi-annually, from issuance date to, but excluding, August 10, 2024; 5 year treasury rate + 3.623%, payable semi-annually, thereafter R 4.95%, payable semi-annually, from issuance date to, but excluding, February 10, 2025; 5 year treasury rate + 3.224%, payable semi-annually, thereafter S 4.40%, payable semi-annually, from issuance date to, but excluding, February 10, 2025; 5 year treasury rate + 2.85%, payable semi-annually thereafter T 3.80%, payable semi-annually, from issuance date to, but excluding, May 10, 2026; 5 year treasury rate + 2.969%, payable semi-annually, thereafter U 3.65%, payable semi-annually, from issuance date to, but excluding, August 10, 2026; 5 year treasury rate + 2.915%, payable semi-annually, thereafter V 4.125%, payable semi-annually, from issuance date to, but excluding, November 10, 2026; 5 year treasury rate + 2.949%, payable semi-annually, thereafter
Summary of Preferred Dividends Declared on Preferred Stock Issued	The table below presents preferred stock dividends declared. 2022 2021 Series per share $ in millions per share $ in millions Three Months Ended September A $ 239.58 $ 7 $ 239.58 $ 7 C $ 255.56 2 $ 255.56 2 D $ 255.56 14 $ 255.56 14 E $ 1,022.22 7 $ 1,022.22 8 F $ 1,022.22 2 $ 1,022.22 2 J $ 343.75 13 $ 343.75 14 K $ 398.44 11 $ 398.44 11 Q $ 687.50 14 $ 687.50 14 R $ 618.75 15 $ 618.75 15 S $ 550.00 8 $ 550.00 7 U $ 456.25 14 $ — — Total $ 107 $ 94 Nine Months Ended September A $ 710.93 $ 21 $ 710.93 $ 21 C $ 758.34 6 $ 758.34 6 D $ 758.34 41 $ 758.34 41 E $ 3,044.44 23 $ 3,044.44 23 F $ 3,044.44 5 $ 3,044.44 5 J $ 1,031.25 41 $ 1,031.25 41 K $ 1,195.32 33 $ 1,195.32 33 N $ — — $ 787.50 19 O $ 662.50 17 $ 662.50 17 P $ 625.00 38 $ 625.00 38 Q $ 1,375.00 28 $ 1,375.00 28 R $ 1,237.50 30 $ 1,237.50 30 S $ 1,100.00 16 $ 1,100.00 15 T $ 475.00 13 $ — — U $ 942.92 28 $ — — V $ 547.14 16 $ — — Total $ 356 $ 317
Accumulated Other Comprehensive Income/(Loss), Net of Tax	The table below presents changes in accumulated other comprehensive income/(loss), net of tax, by type. $ in millions Beginning Other Ending Three Months Ended September 2022 Currency translation $ (769) $ 26 $ (743) Debt valuation adjustment 1,417 673 2,090 Pension and postretirement liabilities (315) (2) (317) Available-for-sale securities (2,287) (615) (2,902) Total $ (1,954) $ 82 $ (1,872) Three Months Ended September 2021 Currency translation $ (712) $ (20) $ (732) Debt valuation adjustment (735) 67 (668) Pension and postretirement liabilities (361) — (361) Available-for-sale securities (81) (114) (195) Total $ (1,889) $ (67) $ (1,956) Nine Months Ended September 2022 Currency translation $ (738) $ (5) $ (743) Debt valuation adjustment (511) 2,601 2,090 Pension and postretirement liabilities (327) 10 (317) Available-for-sale securities (492) (2,410) (2,902) Total $ (2,068) $ 196 $ (1,872) Nine Months Ended September 2021 Currency translation $ (696) $ (36) $ (732) Debt valuation adjustment (833) 165 (668) Pension and postretirement liabilities (368) 7 (361) Available-for-sale securities 463 (658) (195) Total $ (1,434) $ (522) $ (1,956)

Regulation and Capital Adequa_2

Regulation and Capital Adequacy (Tables)	9 Months Ended
	Sep. 30, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-based Capital and Leverage Requirements	The table below presents the risk-based capital requirements. Standardized Advanced CET1 capital ratio 13.4 % 9.5 % Tier 1 capital ratio 14.9 % 11.0 % Total capital ratio 16.9 % 13.0 % In the table above: • Under both the Standardized and Advanced Capital Rules, the CET1 capital ratio requirement includes a minimum of 4.5%, the Tier 1 capital ratio requirement includes a minimum of 6.0% and the Total capital ratio requirement includes a minimum of 8.0%. These requirements also include the capital conservation buffer requirements, consisting of the G-SIB surcharge of 2.5% (Method 2) and the countercyclical capital buffer, which the FRB has set to zero percent. In addition, the capital conservation buffer requirements include the stress capital buffer (SCB) of 6.4% under the Standardized Capital Rules and a buffer of 2.5% under the Advanced Capital Rules.
Risk-based Capital Ratios	The table below presents information about risk-based capital ratios. $ in millions Standardized Advanced As of September 2022 CET1 capital $ 98,707 $ 98,707 Tier 1 capital $ 109,214 $ 109,214 Tier 2 capital $ 15,599 $ 12,555 Total capital $ 124,813 $ 121,769 RWAs $ 688,566 $ 675,075 CET1 capital ratio 14.3 % 14.6 % Tier 1 capital ratio 15.9 % 16.2 % Total capital ratio 18.1 % 18.0 % As of December 2021 CET1 capital $ 96,254 $ 96,254 Tier 1 capital $ 106,766 $ 106,766 Tier 2 capital $ 14,636 $ 12,051 Total capital $ 121,402 $ 118,817 RWAs $ 676,863 $ 647,921 CET1 capital ratio 14.2 % 14.9 % Tier 1 capital ratio 15.8 % 16.5 % Total capital ratio 17.9 % 18.3 %
Leverage Ratio	The table below presents the leverage requirements. Requirements Tier 1 leverage ratio 4.0 % SLR 5.0 % In the table above, the SLR requirement of 5% includes a minimum of 3% and a 2% buffer applicable to G-SIBs. The table below presents information about leverage ratios. For the Three Months Ended or as of September December $ in millions 2022 2021 Tier 1 capital $ 109,214 $ 106,766 Average total assets $ 1,581,084 $ 1,466,770 Deductions from Tier 1 capital (8,333) (4,583) Average adjusted total assets 1,572,751 1,462,187 Off-balance sheet and other exposures 382,549 448,334 Total leverage exposure $ 1,955,300 $ 1,910,521 Tier 1 leverage ratio 6.9 % 7.3% SLR 5.6 % 5.6% In the table above: • Average total assets represents the average daily assets for the quarter adjusted for the impact of Current Expected Credit Losses (CECL) transition. • Off-balance sheet and other exposures primarily includes the monthly average of off-balance sheet exposures, consisting of derivatives, securities financing transactions, commitments and guarantees. • Tier 1 leverage ratio is calculated as Tier 1 capital divided by average adjusted total assets. • SLR is calculated as Tier 1 capital divided by total leverage exposure.
Changes in CET1, Tier 1 Capital and Tier 2 Capital	The table below presents changes in CET1 capital, Tier 1 capital and Tier 2 capital. $ in millions Standardized Advanced Nine Months Ended September 2022 CET1 capital Beginning balance $ 96,254 $ 96,254 Change in: Common shareholders’ equity 9,364 9,364 Impact of CECL transition (276) (276) Deduction for goodwill (1,996) (1,996) Deduction for identifiable intangible assets (1,316) (1,316) Other adjustments (3,323) (3,323) Ending balance $ 98,707 $ 98,707 Tier 1 capital Beginning balance $ 106,766 $ 106,766 Change in: CET1 capital 2,453 2,453 Deduction for investments in covered funds (4) (4) Other adjustments (1) (1) Ending balance 109,214 109,214 Tier 2 capital Beginning balance 14,636 12,051 Change in: Qualifying subordinated debt (543) (543) Junior subordinated debt (94) (94) Allowance for credit losses 1,564 — Other adjustments 36 1,141 Ending balance 15,599 12,555 Total capital $ 124,813 $ 121,769 Year Ended December 2021 CET1 capital Beginning balance $ 81,641 $ 81,641 Change in: Common shareholders’ equity 14,494 14,494 Impact of CECL transition (21) (21) Deduction for goodwill 42 42 Deduction for identifiable intangible assets 200 200 Other adjustments (102) (102) Ending balance $ 96,254 $ 96,254 Tier 1 capital Beginning balance $ 92,730 $ 92,730 Change in: CET1 capital 14,613 14,613 Deduction for investments in covered funds (83) (83) Preferred stock (500) (500) Other adjustments 6 6 Ending balance 106,766 106,766 Tier 2 capital Beginning balance 15,424 13,279 Change in: Qualifying subordinated debt (642) (642) Junior subordinated debt (94) (94) Allowance for credit losses (61) — Other adjustments 9 (492) Ending balance 14,636 12,051 Total capital $ 121,402 $ 118,817
Risk-weighted Assets	The table below presents information about RWAs. $ in millions Standardized Advanced As of September 2022 Credit RWAs Derivatives $168,177 $122,589 Commitments, guarantees and loans 242,565 179,657 Securities financing transactions 77,807 22,339 Equity investments 31,527 33,165 Other 81,992 96,202 Total Credit RWAs 602,068 453,952 Market RWAs Regulatory VaR 22,156 22,156 Stressed VaR 36,208 36,208 Incremental risk 9,324 9,324 Comprehensive risk 3,485 3,485 Specific risk 15,325 15,325 Total Market RWAs 86,498 86,498 Total Operational RWAs — 134,625 Total RWAs $688,566 $675,075 As of December 2021 Credit RWAs Derivatives $175,628 $109,532 Commitments, guarantees and loans 233,639 182,210 Securities financing transactions 76,346 14,407 Equity investments 43,256 45,582 Other 71,485 86,768 Total Credit RWAs 600,354 438,499 Market RWAs Regulatory VaR 13,510 13,510 Stressed VaR 38,922 38,922 Incremental risk 6,867 6,867 Comprehensive risk 2,521 2,521 Specific risk 14,689 14,689 Total Market RWAs 76,509 76,509 Total Operational RWAs — 132,913 Total RWAs $676,863 $647,921 In the table above: • Securities financing transactions represents resale and repurchase agreements and securities borrowed and loaned transactions.
Changes in Risk-weighted Assets	The table below presents changes in RWAs. $ in millions Standardized Advanced Nine Months Ended September 2022 RWAs Beginning balance $676,863 $647,921 Credit RWAs Change in: Derivatives (7,451) 13,057 Commitments, guarantees and loans 8,926 (2,553) Securities financing transactions 1,461 7,932 Equity investments (11,729) (12,417) Other 10,507 9,434 Change in Credit RWAs 1,714 15,453 Market RWAs Change in: Regulatory VaR 8,646 8,646 Stressed VaR (2,714) (2,714) Incremental risk 2,457 2,457 Comprehensive risk 964 964 Specific risk 636 636 Change in Market RWAs 9,989 9,989 Change in Operational RWAs — 1,712 Ending balance $688,566 $675,075 Year Ended December 2021 RWAs Beginning balance $554,162 $609,750 Credit RWAs Change in: Derivatives 55,336 (2,159) Commitments, guarantees and loans 57,138 30,623 Securities financing transactions 4,919 (2,161) Equity investments (3,688) (3,686) Other 1,211 3,169 Change in Credit RWAs 114,916 25,786 Market RWAs Change in: Regulatory VaR (1,403) (1,403) Stressed VaR 6,944 6,944 Incremental risk (1,015) (1,015) Comprehensive risk 763 763 Specific risk 2,496 2,496 Change in Market RWAs 7,785 7,785 Change in Operational RWAs — 4,600 Ending balance $676,863 $647,921
Minimum Risk-based Capital Under the Standardized and Advanced Capital Rules and the Leverage Ratios and "well-capitalized" Minimum Ratios	The table below presents GS Bank USA’s risk-based capital, leverage and “well-capitalized” requirements. Requirements “Well-capitalized” Risk-based capital requirements CET1 capital ratio 7.0 % 6.5 % Tier 1 capital ratio 8.5 % 8.0 % Total capital ratio 10.5 % 10.0 % Leverage requirements Tier 1 leverage ratio 4.0 % 5.0 % SLR 3.0 % 6.0 % In the table above: • The CET1 capital ratio requirement includes a minimum of 4.5%, the Tier 1 capital ratio requirement includes a minimum of 6.0% and the Total capital ratio requirement includes a minimum of 8.0%. These requirements also include the capital conservation buffer requirements consisting of a 2.5% buffer and the countercyclical capital buffer, which the FRB has set to zero percent.
Basel III Advanced Rules
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-based Capital	The table below presents information about risk-based capital. As of September December $ in millions 2022 2021 Common shareholders’ equity $ 108,587 $ 99,223 Impact of CECL transition 829 1,105 Deduction for goodwill (5,606) (3,610) Deduction for identifiable intangible assets (1,717) (401) Other adjustments (3,386) (63) CET1 capital 98,707 96,254 Preferred stock 10,703 10,703 Deduction for investments in covered funds (193) (189) Other adjustments (3) (2) Tier 1 capital $ 109,214 $ 106,766 Standardized Tier 2 and Total capital Tier 1 capital $ 109,214 $ 106,766 Qualifying subordinated debt 11,011 11,554 Junior subordinated debt — 94 Allowance for credit losses 4,598 3,034 Other adjustments (10) (46) Standardized Tier 2 capital 15,599 14,636 Standardized Total capital $ 124,813 $ 121,402 Advanced Tier 2 and Total capital Tier 1 capital $ 109,214 $ 106,766 Standardized Tier 2 capital 15,599 14,636 Allowance for credit losses (4,598) (3,034) Other adjustments 1,554 449 Advanced Tier 2 capital 12,555 12,051 Advanced Total capital $ 121,769 $ 118,817 In the table above: • Beginning in January 2022, the firm started to phase in the estimated reduction to regulatory capital as a result of adopting the CECL model. Impact of CECL transition in the table above reflects the total amount of reduction of $1.11 billion as of December 2021 to be phased in through January 2025 (at 25% per year), of which $276 million was phased in on January 1, 2022. The total amount to be phased in includes the impact of adopting CECL as of January 1, 2020, as well as 25% of the increase in the allowance for credit losses from January 1, 2020 through December 31, 2021. • Deduction for goodwill was net of deferred tax liabilities of $682 million as of September 2022 and $675 million as of December 2021. • Deduction for identifiable intangible assets was net of deferred tax liabilities of $246 million as of September 2022 and $17 million as of December 2021. • Deduction for investments in covered funds represents the firm’s aggregate investments in applicable covered funds. As of December 2021, this deduction excluded investments that were subject to an extended conformance period. See Note 8 for further information about the Volcker Rule. • Other adjustments within CET1 capital and Tier 1 capital primarily include credit valuation adjustments on derivative liabilities, the overfunded portion of the firm’s defined benefit pension plan obligation net of associated deferred tax liabilities, disallowed deferred tax assets, debt valuation adjustments and other required credit risk-based deductions. Other adjustments within Advanced Tier 2 capital include eligible credit reserves. • Qualifying subordinated debt is subordinated debt issued by Group Inc. with an original maturity of five years or greater. The outstanding amount of subordinated debt qualifying for Tier 2 capital is reduced upon reaching a remaining maturity of five years. See Note 14 for further information about the firm’s subordinated debt.
Hybrid Capital Rules
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-based Capital	The table below presents information about GS Bank USA’s risk-based capital ratios. $ in millions Standardized Advanced As of September 2022 CET1 capital $ 45,578 $ 45,578 Tier 1 capital $ 45,578 $ 45,578 Tier 2 capital $ 7,728 $ 5,312 Total capital $ 53,306 $ 50,890 RWAs $ 343,781 $ 261,371 CET1 capital ratio 13.3 % 17.4 % Tier 1 capital ratio 13.3 % 17.4 % Total capital ratio 15.5 % 19.5 % As of December 2021 CET1 capital $ 42,535 $ 42,535 Tier 1 capital $ 42,535 $ 42,535 Tier 2 capital $ 6,430 $ 4,646 Total capital $ 48,965 $ 47,181 RWAs $ 312,601 $ 222,607 CET1 capital ratio 13.6 % 19.1 % Tier 1 capital ratio 13.6 % 19.1 % Total capital ratio 15.7 % 21.2 % In the table above: • The lower of the Standardized or Advanced ratio is the ratio against which GS Bank USA’s compliance with the capital requirements is assessed under the risk-based Capital Rules, and therefore, the Standardized ratios applied to GS Bank USA as of both September 2022 and December 2021. • Beginning in January 2022, GS Bank USA started to phase in the estimated reduction to regulatory capital as a result of adopting the CECL model. The total amount to be phased in includes the impact of adopting CECL as of January 1, 2020, as well as 25% of the increase in the allowance for credit losses from January 1, 2020 through December 31, 2021. • The Standardized and Advanced risk-based capital ratios decreased from December 2021 to September 2022, reflecting an increase in both Credit and Market RWAs, partially offset by an increase in capital, principally due to capital contributions and net earnings.
GS Bank USA
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	The table below presents information about GS Bank USA’s leverage ratios. For the Three Months Ended or as of September December $ in millions 2022 2021 Tier 1 capital $ 45,578 $ 42,535 Average adjusted total assets $ 506,003 $ 409,739 Total leverage exposure $ 670,832 $ 627,799 Tier 1 leverage ratio 9.0 % 10.4% SLR 6.8 % 6.8 % In the table above: • Average adjusted total assets represents the average daily assets for the quarter adjusted for deductions from Tier 1 capital and the impact of CECL transition. • Tier 1 leverage ratio is calculated as Tier 1 capital divided by average adjusted total assets.
GSIB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-based Capital	The table below presents information about GSIB’s risk-based capital ratios. As of September December $ in millions 2022 2021 Risk-based capital and risk-weighted assets CET1 capital $ 3,329 $ 3,408 Tier 1 capital $ 3,329 $ 3,408 Tier 2 capital $ 826 $ 826 Total capital $ 4,155 $ 4,234 RWAs $ 15,542 $ 17,196 Risk-based capital ratios CET1 capital ratio 21.4 % 19.8 % Tier 1 capital ratio 21.4 % 19.8 % Total capital ratio 26.7 % 24.6 %
Schedule of Risk Based Capital Requirements	The table below presents GSIB’s risk-based capital requirements. As of September December 2022 2021 Risk-based capital requirements CET1 capital ratio 9.3 % 8.5 % Tier 1 capital ratio 11.5 % 10.5 % Total capital ratio 14.5 % 13.2 %
GSBE
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	The table below presents GSBE’s leverage ratio requirement and leverage ratios. As of September December 2022 2021 Leverage ratio requirement 3.0 % 3.0 % Leverage ratio 7.8 % 7.6 %
Risk-based Capital	The table below presents information about GSBE’s risk-based capital ratios. As of September December $ in millions 2022 2021 Risk-based capital and risk-weighted assets CET1 capital $ 8,587 $ 6,527 Tier 1 capital $ 8,587 $ 6,527 Tier 2 capital $ 20 $ 23 Total capital $ 8,607 $ 6,550 RWAs $ 31,440 $ 28,924 Risk-based capital ratios CET1 capital ratio 27.3 % 22.6% Tier 1 capital ratio 27.3 % 22.6% Total capital ratio 27.4 % 22.6%
Schedule of Risk Based Capital Requirements	The table below presents GSBE’s risk-based capital requirements. As of September December 2022 2021 Risk-based capital requirements CET1 capital ratio 9.0 % 8.7 % Tier 1 capital ratio 11.1 % 10.8 % Total capital ratio 13.8 % 13.5 %

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	The table below presents information about basic and diluted EPS. Three Months Nine Months in millions, except per share amounts 2022 2021 2022 2021 Net earnings to common $ 2,962 $ 5,284 $ 9,579 $ 17,342 Weighted average basic shares 352.8 348.3 353.0 351.8 Effect of dilutive RSUs 6.4 5.6 5.6 5.1 Weighted average diluted shares 359.2 353.9 358.6 356.9 Basic EPS $ 8.35 $ 15.14 $ 27.03 $ 49.23 Diluted EPS $ 8.25 $ 14.93 $ 26.71 $ 48.59 In the table above: • Net earnings to common represents net earnings applicable to common shareholders, which is calculated as net earnings less preferred stock dividends. • Unvested share-based awards that have non-forfeitable rights to dividends or dividend equivalents are treated as a separate class of securities under the two-class method. Distributed earnings allocated to these securities reduce net earnings to common to calculate EPS under this method. The impact of applying this methodology was a reduction in basic EPS of $0.05 for the three months ended September 2022, $0.03 for the three months ended September 2021, $0.11 for the nine months ended September 2022 and $0.07 for the nine months ended September 2021.

Transactions with Affiliated _2

Transactions with Affiliated Funds (Tables)	9 Months Ended
	Sep. 30, 2022
Transactions With Affiliated Funds [Abstract]
Fees Earned from Affiliated Funds	The tables below present information about affiliated funds. Three Months Nine Months $ in millions 2022 2021 2022 2021 Fees earned from funds $ 1,172 $ 1,046 $ 3,422 $ 2,647
Fees Receivable from Affiliated Funds and the Aggregate Carrying Value of the Firm's Interests in these Funds	As of September December $ in millions 2022 2021 Fees receivable from funds $ 1,187 $ 873 Aggregate carrying value of interests in funds $ 3,784 $ 4,321

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
Schedule of Sources Interest Income and Interest Expense	The table below presents sources of interest income and interest expense. Three Months Nine Months $ in millions 2022 2021 2022 2021 Deposits with banks $ 1,107 $ (13) $ 1,392 $ (9) Collateralized agreements 1,542 (220) 1,712 (651) Trading assets 1,334 1,230 3,551 3,553 Investments 578 358 1,433 1,243 Loans 2,487 1,363 5,937 3,878 Other interest 1,502 399 2,588 1,096 Total interest income 8,550 3,117 16,613 9,110 Deposits 1,811 319 2,975 978 Collateralized financings 990 33 1,308 41 Trading liabilities 513 495 1,427 1,240 Short-term borrowings 152 115 333 433 Long-term borrowings 1,503 843 3,433 2,477 Other interest 1,538 (252) 1,533 (734) Total interest expense 6,507 1,553 11,009 4,435 Net interest income $ 2,043 $ 1,564 $ 5,604 $ 4,675 In the table above: • Collateralized agreements includes rebates paid and interest income on securities borrowed. • Loans excludes interest on loans held for sale that are accounted for at the lower of cost or fair value. Such interest is included within other interest. • Other interest income includes interest income on customer debit balances, other interest-earning assets and loans held for sale that are accounted for at the lower of cost or fair value. • Collateralized financings consists of repurchase agreements and securities loaned. • Short- and long-term borrowings include both secured and unsecured borrowings.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Earliest Tax Years Subject to Examination by Major Jurisdiction	The table below presents the earliest tax years that remain subject to examination by major jurisdiction. As of Jurisdiction September 2022 U.S. Federal 2011 New York State and City 2015 United Kingdom 2017 Japan 2016 Hong Kong 2016

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Operating Results and Assets By Segment	The table below presents a summary of the firm’s segment results. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investment Banking Non-interest revenues $ 1,373 $ 3,599 $ 5,661 $ 10,755 Net interest income 203 101 463 325 Total net revenues 1,576 3,700 6,124 11,080 Provision for credit losses 78 41 325 (229) Operating expenses 1,038 1,343 3,391 5,161 Pre-tax earnings $ 460 $ 2,316 $ 2,408 $ 6,148 Net earnings $ 370 $ 1,831 $ 2,001 $ 4,942 Net earnings to common $ 355 $ 1,818 $ 1,950 $ 4,890 Average common equity $ 9,720 $ 10,346 $ 10,649 $ 10,201 Return on average common equity 14.6 % 70.3 % 24.4 % 63.9 % Global Markets Non-interest revenues $ 5,648 $ 4,943 $ 18,770 $ 16,121 Net interest income 553 668 1,770 1,971 Total net revenues 6,201 5,611 20,540 18,092 Provision for credit losses (43) (24) 190 (30) Operating expenses 3,213 2,794 10,340 10,352 Pre-tax earnings $ 3,031 $ 2,841 $ 10,010 $ 7,770 Net earnings $ 2,474 $ 2,244 $ 8,318 $ 6,246 Net earnings to common $ 2,408 $ 2,190 $ 8,102 $ 6,041 Average common equity $ 57,078 $ 46,959 $ 54,842 $ 44,067 Return on average common equity 16.9 % 18.7 % 19.7 % 18.3 % Asset Management Non-interest revenues $ 1,742 $ 2,174 $ 3,107 $ 11,619 Net interest income 79 105 344 406 Total net revenues 1,821 2,279 3,451 12,025 Provision for credit losses 29 10 129 (2) Operating expenses 1,565 823 4,121 4,656 Pre-tax earnings/(loss) $ 227 $ 1,446 $ (799) $ 7,371 Net earnings/(loss) $ 195 $ 1,115 $ (664) $ 5,925 Net earnings/(loss) to common $ 181 $ 1,096 $ (717) $ 5,853 Average common equity $ 24,587 $ 25,788 $ 24,358 $ 25,294 Return on average common equity 2.9 % 17.0 % (3.9) % 30.9 % Consumer & Wealth Management Non-interest revenues $ 1,169 $ 1,328 $ 3,630 $ 3,530 Net interest income 1,208 690 3,027 1,973 Total net revenues 2,377 2,018 6,657 5,503 Provision for credit losses 451 148 1,099 274 Operating expenses 1,888 1,631 5,221 4,499 Pre-tax earnings $ 38 $ 239 $ 337 $ 730 Net earnings $ 30 $ 188 $ 280 $ 587 Net earnings to common $ 18 $ 180 $ 244 $ 558 Average common equity $ 15,925 $ 10,740 $ 14,866 $ 10,475 Return on average common equity 0.5 % 6.7 % 2.2 % 7.1 % Total Non-interest revenues $ 9,932 $ 12,044 $ 31,168 $ 42,025 Net interest income 2,043 1,564 5,604 4,675 Total net revenues 11,975 13,608 36,772 46,700 Provision for credit losses 515 175 1,743 13 Operating expenses 7,704 6,591 23,073 24,668 Pre-tax earnings $ 3,756 $ 6,842 $ 11,956 $ 22,019 Net earnings $ 3,069 $ 5,378 $ 9,935 $ 17,700 Net earnings to common $ 2,962 $ 5,284 $ 9,579 $ 17,342 Average common equity $ 107,310 $ 93,833 $ 104,715 $ 90,037 Return on average common equity 11.0 % 22.5 % 12.2 % 25.7 % In the table above: • Revenues and expenses directly associated with each segment are included in determining pre-tax earnings. • Net revenues in the firm’s segments include allocations of interest income and expense to specific positions in relation to the cash generated by, or funding requirements of, such positions. Net interest is included in segment net revenues as it is consistent with how management assesses segment performance. • Overhead expenses not directly allocable to specific segments are allocated ratably based on direct segment expenses. • The firm reviews and makes any necessary adjustments to attributed equity in January of each year, to reflect, among other things, the results of the latest CCAR process, as well as projected changes in the firm’s balance sheet. The average common equity balances above incorporate such impact, as well as the changes in the size and composition of assets held in each of the firm’s segments that occurred during the respective periods. The table below presents assets by segment. As of September December $ in millions 2022 2021 Investment Banking $ 145,563 $ 144,157 Global Markets 1,163,721 1,082,378 Asset Management 85,814 91,115 Consumer & Wealth Management 160,896 146,338 Total $ 1,555,994 $ 1,463,988
Depreciation and Amortization	The table below presents depreciation and amortization expense by segment. Three Months Nine Months $ in millions 2022 2021 2022 2021 Investment Banking $ 49 $ 50 $ 142 $ 144 Global Markets 221 209 665 571 Asset Management 259 153 557 539 Consumer & Wealth Management 137 97 364 273 Total $ 666 $ 509 $ 1,728 $ 1,527
Total Net Revenues and Pre-Tax Earnings By Geographic Region	The table below presents total net revenues and pre-tax earnings by geographic region. $ in millions 2022 2021 Three Months Ended September Americas $ 7,542 63 % $ 8,169 60 % EMEA 3,094 26 % 3,394 25 % Asia 1,339 11 % 2,045 15 % Total net revenues $ 11,975 100 % $ 13,608 100 % Americas $ 2,280 61 % $ 4,004 59 % EMEA 1,235 33 % 1,922 28 % Asia 241 6 % 916 13 % Total pre-tax earnings $ 3,756 100 % $ 6,842 100 % Nine Months Ended September Americas $ 21,975 60 % $ 28,951 62 % EMEA 10,344 28 % 11,585 25 % Asia 4,453 12 % 6,164 13 % Total net revenues $ 36,772 100 % $ 46,700 100 % Americas $ 6,424 54 % $ 13,484 61 % EMEA 4,399 37 % 6,012 27 % Asia 1,133 9 % 2,523 12 % Total pre-tax earnings $ 11,956 100 % $ 22,019 100 % In the table above: • Substantially all of the amounts in Americas were attributable to the U.S.

Credit Concentrations (Tables)

Credit Concentrations (Tables)	9 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
Credit Concentrations Included in Trading Cash Instruments and Investments	The table below presents the credit concentrations included in trading cash instruments and investments. As of September December $ in millions 2022 2021 U.S. government and agency obligations $ 185,061 $ 141,191 Percentage of total assets 11.9 % 9.6 % Non-U.S. government and agency obligations $ 71,787 $ 51,426 Percentage of total assets 4.6 % 3.5 %
U.S. Government and Agency Obligations and Non-U.S. Government and Agency Obligations that Collateralize Resale Agreements and Securities Borrowed Transactions	The table below presents U.S. government and agency obligations and non-U.S. government and agency obligations that collateralize resale agreements and securities borrowed transactions. As of September December $ in millions 2022 2021 U.S. government and agency obligations $ 94,016 $ 86,274 Non-U.S. government and agency obligations $ 108,677 $ 141,588 In the table above: • Non-U.S. government and agency obligations primarily consists of securities issued by the governments of the U.K., Japan, Germany and France.

Description of Business - Addit

Description of Business - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments	4

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Summary of Accounting and Financial Policies [Line Items]
Firm's revenues from contracts with clients as a percentage of firm's total non-interest revenues	45%	50%	45%	40%
Investment Banking revenues from contracts with clients as a percentage of firm's investment banking revenues	90%	90%	85%	90%
Investment management revenues from contracts with clients as a percentage of firm's investment management revenue	95%	95%	95%	95%
Cash and cash equivalents due from banks	$ 9,150		$ 9,150		$ 10,140
Interest-bearing deposits with banks	275,100		275,100		250,900
Cash segregated for regulatory and other purposes	22,930		22,930		24,870
Receivable from customers and counterparties	87,720		87,720		103,820
Receivables from brokers, dealers and clearing organizations	77,700		77,700		56,850
Firm's receivables from contracts with clients	2,800		2,800		3,010
Payables to customers and counterparties	254,580		254,580		241,930
Payables to brokers, dealers and clearing organizations	$ 23,880		23,880		$ 10,000
Maximum
Summary of Accounting and Financial Policies [Line Items]
Annual average revenues associated with known remaining performance obligations			$ 300

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets and Liabilities Carried at Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ 694,838	$ 738,615	$ 715,812
Total assets	$ 1,555,994	$ 1,601,224	$ 1,463,988
Total level 3 financial assets divided by total assets	1.90%	1.80%	1.60%
Total level 3 financial assets divided by total financial assets at fair value	4.20%	3.90%	3.40%
Total financial liabilities at fair value	$ 534,964	$ 578,312	$ 491,557
Total liabilities	$ 1,436,704	$ 1,483,353	$ 1,354,062
Total level 3 financial liabilities divided by total liabilities	1.60%	1.60%	2.20%
Total level 3 financial liabilities divided by total financial liabilities at fair value	4.30%	4.20%	5.90%
Counterparty and cash collateral netting
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ (77,707)	$ (70,198)	$ (66,041)
Total financial liabilities at fair value	(60,573)	(50,926)	(51,269)
Investments in funds at NAV
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	2,971	3,045	3,469
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	249,307	249,974	255,774
Total financial liabilities at fair value	137,956	168,941	110,030
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	490,992	526,910	498,527
Total financial liabilities at fair value	434,313	435,827	403,627
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	29,275	28,884	24,083
Total financial liabilities at fair value	$ 23,268	$ 24,470	$ 29,169

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Level 3 Financial Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ 694,838	$ 738,615	$ 715,812
Investment at fair value	77,580		83,427
Loans at fair value	8,250		10,769
Derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	157,828		130,001
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	29,275	28,884	24,083
Loans at fair value	2,058		2,354
Level 3 | Trading cash instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Trading cash instrument at fair value	1,828	2,080	1,889
Level 3 | Derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	8,435	8,348	5,938
Level 3 | Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment at fair value	16,954	16,109	13,902
Level 3 | Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans at fair value	$ 2,058	$ 2,347	$ 2,354

Trading Assets and Liabilitie_2

Trading Assets and Liabilities - Summary of Trading Assets and Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Trading assets	$ 383,975	$ 375,916
Trading liabilities	231,713	181,424
Trading cash instruments
Trading Cash Instruments	303,854	311,956
Trading liabilities	160,944	129,471
Derivatives
Trading Assets at Fair Value	80,121	63,960
Trading liabilities	$ 70,769	$ 51,953

Trading Assets and Liabilitie_3

Trading Assets and Liabilities - Summary of Market Making Revenues by Major Product Type (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Trading activity, gains and losses, net [Line Items]
Market making	$ 4,642	$ 3,929	$ 15,561	$ 13,096
Interest rates
Trading activity, gains and losses, net [Line Items]
Market making	(3,043)	(1,249)	(7,705)	(1,572)
Credit
Trading activity, gains and losses, net [Line Items]
Market making	(286)	162	1,380	1,324
Currencies
Trading activity, gains and losses, net [Line Items]
Market making	5,769	1,779	13,997	4,521
Equities
Trading activity, gains and losses, net [Line Items]
Market making	1,464	2,521	6,064	6,839
Commodities
Trading activity, gains and losses, net [Line Items]
Market making	$ 738	$ 716	$ 1,825	$ 1,984

Trading Cash Instruments - Sche

Trading Cash Instruments - Schedule of Trading Cash Instruments by Level (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Trading cash instruments assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	$ 303,854	$ 311,956
Trading cash instruments assets | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	198,846	204,564
Trading cash instruments assets | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	103,180	105,503
Trading cash instruments assets | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	1,828	1,889
Trading cash instruments assets | U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	90,482	90,815
Trading cash instruments assets | U.S. government and agency obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	62,481	63,388
Trading cash instruments assets | U.S. government and agency obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	28,001	27,427
Trading cash instruments assets | U.S. government and agency obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	0	0
Trading cash instruments assets | Non-U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	69,846	48,814
Trading cash instruments assets | Non-U.S. government and agency obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	52,260	35,284
Trading cash instruments assets | Non-U.S. government and agency obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	17,548	13,511
Trading cash instruments assets | Non-U.S. government and agency obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	38	19
Trading cash instruments assets | Loans and securities backed by commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	1,490	1,854
Trading cash instruments assets | Loans and securities backed by commercial real estate | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	0	0
Trading cash instruments assets | Loans and securities backed by commercial real estate | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	1,435	1,717
Trading cash instruments assets | Loans and securities backed by commercial real estate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	55	137
Trading cash instruments assets | Loans and securities backed by residential real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	9,555	13,235
Trading cash instruments assets | Loans and securities backed by residential real estate | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	0	0
Trading cash instruments assets | Loans and securities backed by residential real estate | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	9,445	13,083
Trading cash instruments assets | Loans and securities backed by residential real estate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	110	152
Trading cash instruments assets | Corporate debt instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	34,981	38,782
Trading cash instruments assets | Corporate debt instruments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	282	590
Trading cash instruments assets | Corporate debt instruments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	33,347	36,874
Trading cash instruments assets | Corporate debt instruments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	1,352	1,318
Trading cash instruments assets | State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	595	604
Trading cash instruments assets | State and municipal obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	0	0
Trading cash instruments assets | State and municipal obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	563	568
Trading cash instruments assets | State and municipal obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	32	36
Trading cash instruments assets | Other debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	3,776	1,699
Trading cash instruments assets | Other debt obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	254	69
Trading cash instruments assets | Other debt obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	3,387	1,564
Trading cash instruments assets | Other debt obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	135	66
Trading cash instruments assets | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	85,618	108,347
Trading cash instruments assets | Equity securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	83,569	105,233
Trading cash instruments assets | Equity securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	1,947	2,958
Trading cash instruments assets | Equity securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	102	156
Trading cash instruments assets | Commodities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	7,511	7,806
Trading cash instruments assets | Commodities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	0	0
Trading cash instruments assets | Commodities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	7,507	7,801
Trading cash instruments assets | Commodities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument assets at fair value	4	5
Trading cash instruments liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(160,944)	(129,471)
Trading cash instruments liabilities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(137,917)	(109,999)
Trading cash instruments liabilities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(22,916)	(19,368)
Trading cash instruments liabilities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(111)	(104)
Trading cash instruments liabilities | U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(24,028)	(21,027)
Trading cash instruments liabilities | U.S. government and agency obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(24,009)	(21,002)
Trading cash instruments liabilities | U.S. government and agency obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(19)	(25)
Trading cash instruments liabilities | U.S. government and agency obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0	0
Trading cash instruments liabilities | Non-U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(40,125)	(42,585)
Trading cash instruments liabilities | Non-U.S. government and agency obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(37,453)	(39,983)
Trading cash instruments liabilities | Non-U.S. government and agency obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(2,672)	(2,602)
Trading cash instruments liabilities | Non-U.S. government and agency obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0	0
Trading cash instruments liabilities | Loans and securities backed by commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(32)	(42)
Trading cash instruments liabilities | Loans and securities backed by commercial real estate | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0	0
Trading cash instruments liabilities | Loans and securities backed by commercial real estate | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(31)	(40)
Trading cash instruments liabilities | Loans and securities backed by commercial real estate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(1)	(2)
Trading cash instruments liabilities | Loans and securities backed by residential real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(11)	(5)
Trading cash instruments liabilities | Loans and securities backed by residential real estate | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0	0
Trading cash instruments liabilities | Loans and securities backed by residential real estate | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(10)	(5)
Trading cash instruments liabilities | Loans and securities backed by residential real estate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(1)	0
Trading cash instruments liabilities | Corporate debt instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(19,340)	(15,875)
Trading cash instruments liabilities | Corporate debt instruments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(32)	(23)
Trading cash instruments liabilities | Corporate debt instruments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(19,229)	(15,781)
Trading cash instruments liabilities | Corporate debt instruments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(79)	(71)
Trading cash instruments liabilities | Other debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(143)
Trading cash instruments liabilities | Other debt obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0
Trading cash instruments liabilities | Other debt obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(143)
Trading cash instruments liabilities | Other debt obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0
Trading cash instruments liabilities | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(77,239)	(49,937)
Trading cash instruments liabilities | Equity securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(76,423)	(48,991)
Trading cash instruments liabilities | Equity securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(786)	(915)
Trading cash instruments liabilities | Equity securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(30)	$ (31)
Trading cash instruments liabilities | Commodities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(26)
Trading cash instruments liabilities | Commodities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	0
Trading cash instruments liabilities | Commodities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	(26)
Trading cash instruments liabilities | Commodities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading cash instrument liabilities at fair value	$ 0

Trading Cash Instruments - Sc_2

Trading Cash Instruments - Schedule of Level 3 Assets, and Ranges and Weighted Averages of Significant Unobservable Inputs (Detail) $ in Millions	Sep. 30, 2022 USD ($) yr	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) yr
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 694,838	$ 738,615	$ 715,812
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	29,275	$ 28,884	24,083
Level 3 | Loans and securities backed by commercial real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 55		$ 137
Level 3 | Loans and securities backed by commercial real estate | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.068		0.028
Level 3 | Loans and securities backed by commercial real estate | Minimum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.470		0.051
Level 3 | Loans and securities backed by commercial real estate | Minimum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.2		0.1
Level 3 | Loans and securities backed by commercial real estate | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.340		0.285
Level 3 | Loans and securities backed by commercial real estate | Maximum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.617		0.865
Level 3 | Loans and securities backed by commercial real estate | Maximum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	3.7		4.3
Level 3 | Loans and securities backed by commercial real estate | Weighted Average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.202		0.123
Level 3 | Loans and securities backed by commercial real estate | Weighted Average | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.531		0.550
Level 3 | Loans and securities backed by commercial real estate | Weighted Average | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	2.1		1.8
Level 3 | Loans and securities backed by residential real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 110		$ 152
Level 3 | Loans and securities backed by residential real estate | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.010		0.004
Level 3 | Loans and securities backed by residential real estate | Minimum | Cumulative loss rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.110		0.001
Level 3 | Loans and securities backed by residential real estate | Minimum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.1		1.2
Level 3 | Loans and securities backed by residential real estate | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.230		0.266
Level 3 | Loans and securities backed by residential real estate | Maximum | Cumulative loss rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.350		0.434
Level 3 | Loans and securities backed by residential real estate | Maximum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	10.8		17.2
Level 3 | Loans and securities backed by residential real estate | Weighted Average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.097		0.070
Level 3 | Loans and securities backed by residential real estate | Weighted Average | Cumulative loss rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.208		0.177
Level 3 | Loans and securities backed by residential real estate | Weighted Average | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	6.5		6.5
Level 3 | Corporate debt instruments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 1,352		$ 1,318
Level 3 | Corporate debt instruments | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.012		0
Level 3 | Corporate debt instruments | Minimum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.170		0.090
Level 3 | Corporate debt instruments | Minimum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.5		2
Level 3 | Corporate debt instruments | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.330		0.180
Level 3 | Corporate debt instruments | Maximum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.700		0.699
Level 3 | Corporate debt instruments | Maximum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	21.4		28.5
Level 3 | Corporate debt instruments | Weighted Average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.066		0.071
Level 3 | Corporate debt instruments | Weighted Average | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.516		0.520
Level 3 | Corporate debt instruments | Weighted Average | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4.7		4.5
Level 3 | Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 311		$ 282
Level 3 | Other | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.040		0.011
Level 3 | Other | Minimum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	3.9
Level 3 | Other | Minimum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.8		0.9
Level 3 | Other | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.416		0.448
Level 3 | Other | Maximum | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4.2
Level 3 | Other | Maximum | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	13		5.2
Level 3 | Other | Weighted Average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.115		0.094
Level 3 | Other | Weighted Average | Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4
Level 3 | Other | Weighted Average | Duration (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	5		2.4

Trading Cash Instruments - Summ

Trading Cash Instruments - Summary of Changes in Fair Value for Level 3 Trading Cash Instruments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total trading cash instrument assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 2,080	$ 1,304	$ 1,889	$ 1,237
Net realized gains/(losses)	40	27	85	63
Net unrealized gains/(losses)	(124)	11	(1,496)	64
Purchases	359	223	1,294	793
Sales	(248)	(133)	(635)	(455)
Settlements	(78)	(113)	(206)	(287)
Transfers into level 3	326	358	1,277	306
Transfers out of level 3	(527)	(161)	(380)	(205)
Ending balance	1,828	1,516	1,828	1,516
Total trading cash instrument assets | Loans and securities backed by commercial real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	74	96	137	203
Net realized gains/(losses)	7	2	7	6
Net unrealized gains/(losses)	(10)	(4)	(10)	(7)
Purchases	2	28	11	54
Sales	(1)	(2)	(54)	(39)
Settlements	(8)	(7)	(15)	(13)
Transfers into level 3	16	31	11	15
Transfers out of level 3	(25)	(8)	(32)	(83)
Ending balance	55	136	55	136
Total trading cash instrument assets | Loans and securities backed by residential real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	110	130	152	131
Net realized gains/(losses)	2	2	10	6
Net unrealized gains/(losses)	(5)	5	(12)	16
Purchases	5	11	33	29
Sales	(7)	(4)	(57)	(48)
Settlements	(4)	(25)	(14)	(36)
Transfers into level 3	23	14	15	39
Transfers out of level 3	(14)	(11)	(17)	(15)
Ending balance	110	122	110	122
Total trading cash instrument assets | Corporate debt instruments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,440	891	1,318	797
Net realized gains/(losses)	13	24	44	48
Net unrealized gains/(losses)	(43)	12	(115)	57
Purchases	313	152	558	634
Sales	(126)	(88)	(363)	(327)
Settlements	(51)	(67)	(131)	(195)
Transfers into level 3	201	292	339	187
Transfers out of level 3	(395)	(120)	(298)	(105)
Ending balance	1,352	1,096	1,352	1,096
Total trading cash instrument assets | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	456	187	282	106
Net realized gains/(losses)	18	(1)	24	3
Net unrealized gains/(losses)	(66)	(2)	(1,359)	(2)
Purchases	39	32	692	76
Sales	(114)	(39)	(161)	(41)
Settlements	(15)	(14)	(46)	(43)
Transfers into level 3	86	21	912	65
Transfers out of level 3	(93)	(22)	(33)	(2)
Ending balance	311	162	311	162
Total trading cash instrument liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(182)	(78)	(104)	(80)
Net realized gains/(losses)	(4)	2	(42)	5
Net unrealized gains/(losses)	53	(2)	47	(1)
Purchases	100	22	198	35
Sales	(40)	(55)	(121)	(86)
Settlements	5	0	(2)	8
Transfers into level 3	(86)	(32)	(103)	(22)
Transfers out of level 3	43	5	16	3
Ending balance	$ (111)	$ (138)	$ (111)	$ (138)

Trading Cash Instruments - Addi

Trading Cash Instruments - Additional Information (Detail) - Trading cash instruments, fair value disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized and unrealized gains (losses) on level 3 trading cash instrument assets	$ (84)	$ 38	$ (1,410)	$ 127
Net realized gains / (losses) on assets	40	27	85	63
Net unrealized gains/(losses)	(124)	11	(1,500)	64
Market making
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized and unrealized gains (losses) on level 3 trading cash instrument assets	(106)	17	(1,460)	63
Interest income
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized and unrealized gains (losses) on level 3 trading cash instrument assets	$ 22	$ 21	$ 53	$ 64

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Fair Value of Derivatives on a Gross Basis (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative assets, before offset	$ 576,174	$ 459,969
Derivative liabilities, before offset	549,688	433,190
Derivative assets, offset amounts	(496,053)	(396,009)
Derivative liabilities, offset amounts	(478,919)	(381,237)
Derivative Assets	80,121	63,960
Derivative Liabilities	70,769	51,953
Cash collateral received	(595)	(1,008)
Cash collateral posted	(2,475)	(1,939)
Securities collateral received	(17,908)	(15,751)
Securities collateral posted	(4,887)	(7,349)
Total	61,618	47,201
Total	63,407	42,665
Notional amount	42,068,858	42,639,542
Counterparty netting
Derivative [Line Items]
Derivative assets, offset amounts	(422,375)	(331,892)
Derivative liabilities, offset amounts	(422,375)	(331,892)
Cash collateral netting
Derivative [Line Items]
Derivative assets, offset amounts	(73,678)	(64,117)
Derivative liabilities, offset amounts	(56,544)	(49,345)
Not accounted for as hedges
Derivative [Line Items]
Derivative assets, before offset	574,935	458,929
Derivative liabilities, before offset	549,512	433,024
Notional amount	41,781,122	42,393,494
Not accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	278,962	246,646
Derivative liabilities, before offset	257,544	218,322
Notional amount	31,258,958	31,628,290
Not accounted for as hedges | Credit
Derivative [Line Items]
Derivative assets, before offset	14,215	16,256
Derivative liabilities, before offset	12,733	15,755
Notional amount	1,176,722	1,079,572
Not accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	148,892	86,916
Derivative liabilities, before offset	148,221	86,143
Notional amount	6,287,225	6,815,668
Not accounted for as hedges | Commodities
Derivative [Line Items]
Derivative assets, before offset	66,385	35,545
Derivative liabilities, before offset	54,564	32,531
Notional amount	696,113	546,886
Not accounted for as hedges | Equities
Derivative [Line Items]
Derivative assets, before offset	66,481	73,566
Derivative liabilities, before offset	76,450	80,273
Notional amount	2,362,104	2,323,078
Accounted for as hedges
Derivative [Line Items]
Derivative assets, before offset	1,239	1,040
Derivative liabilities, before offset	176	166
Notional amount	287,736	246,048
Accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	323	946
Derivative liabilities, before offset	17	0
Notional amount	267,211	223,582
Accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	916	94
Derivative liabilities, before offset	159	166
Notional amount	19,873	21,416
Accounted for as hedges | Commodities
Derivative [Line Items]
Notional amount	652	1,050
Exchange-traded
Derivative [Line Items]
Derivative Assets	6,295	5,323
Derivative Liabilities	9,622	6,550
Exchange-traded | Counterparty netting
Derivative [Line Items]
Derivative assets, offset amounts	(39,580)	(35,724)
Derivative liabilities, offset amounts	(39,580)	(35,724)
Exchange-traded | Not accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	1,048	256
Derivative liabilities, before offset	1,952	557
Notional amount	4,112,393	2,630,915
Exchange-traded | Not accounted for as hedges | Credit
Derivative [Line Items]
Notional amount	13	0
Exchange-traded | Not accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	50	417
Derivative liabilities, before offset	25	10
Notional amount	9,312	14,617
Exchange-traded | Not accounted for as hedges | Commodities
Derivative [Line Items]
Derivative assets, before offset	13,519	6,534
Derivative liabilities, before offset	13,615	6,189
Notional amount	421,737	308,917
Exchange-traded | Not accounted for as hedges | Equities
Derivative [Line Items]
Derivative assets, before offset	31,258	33,840
Derivative liabilities, before offset	33,610	35,518
Notional amount	1,243,432	1,149,777
Exchange-traded | Accounted for as hedges | Commodities
Derivative [Line Items]
Notional amount	652	1,050
OTC-cleared
Derivative [Line Items]
Derivative Assets	850	566
Derivative Liabilities	1,719	148
OTC-cleared | Counterparty netting
Derivative [Line Items]
Derivative assets, offset amounts	(73,326)	(16,979)
Derivative liabilities, offset amounts	(73,326)	(16,979)
OTC-cleared | Cash collateral netting
Derivative [Line Items]
Derivative assets, offset amounts	(1,559)	(1,033)
Derivative liabilities, offset amounts	(154)	(361)
OTC-cleared | Not accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	71,562	13,795
Derivative liabilities, before offset	71,135	12,692
Notional amount	16,663,199	17,874,504
OTC-cleared | Not accounted for as hedges | Credit
Derivative [Line Items]
Derivative assets, before offset	1,736	3,665
Derivative liabilities, before offset	1,902	4,053
Notional amount	531,824	463,477
OTC-cleared | Not accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	1,485	423
Derivative liabilities, before offset	1,097	338
Notional amount	183,609	194,124
OTC-cleared | Not accounted for as hedges | Commodities
Derivative [Line Items]
Derivative assets, before offset	853	652
Derivative liabilities, before offset	1,019	373
Notional amount	3,492	3,647
OTC-cleared | Not accounted for as hedges | Equities
Derivative [Line Items]
Derivative assets, before offset	14	8
Derivative liabilities, before offset	14	5
Notional amount	301	198
OTC-cleared | Accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	0	1
Derivative liabilities, before offset	7	0
Notional amount	263,785	219,083
OTC-cleared | Accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	85	34
Derivative liabilities, before offset	25	27
Notional amount	1,885	2,758
Bilateral OTC
Derivative [Line Items]
Derivative Assets	72,976	58,071
Derivative Liabilities	59,428	45,255
Bilateral OTC | Counterparty netting
Derivative [Line Items]
Derivative assets, offset amounts	(309,469)	(279,189)
Derivative liabilities, offset amounts	(309,469)	(279,189)
Bilateral OTC | Cash collateral netting
Derivative [Line Items]
Derivative assets, offset amounts	(72,119)	(63,084)
Derivative liabilities, offset amounts	(56,390)	(48,984)
Bilateral OTC | Not accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	206,352	232,595
Derivative liabilities, before offset	184,457	205,073
Notional amount	10,483,366	11,122,871
Bilateral OTC | Not accounted for as hedges | Credit
Derivative [Line Items]
Derivative assets, before offset	12,479	12,591
Derivative liabilities, before offset	10,831	11,702
Notional amount	644,885	616,095
Bilateral OTC | Not accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	147,357	86,076
Derivative liabilities, before offset	147,099	85,795
Notional amount	6,094,304	6,606,927
Bilateral OTC | Not accounted for as hedges | Commodities
Derivative [Line Items]
Derivative assets, before offset	52,013	28,359
Derivative liabilities, before offset	39,930	25,969
Notional amount	270,884	234,322
Bilateral OTC | Not accounted for as hedges | Equities
Derivative [Line Items]
Derivative assets, before offset	35,209	39,718
Derivative liabilities, before offset	42,826	44,750
Notional amount	1,118,371	1,173,103
Bilateral OTC | Accounted for as hedges | Interest rates
Derivative [Line Items]
Derivative assets, before offset	323	945
Derivative liabilities, before offset	10	0
Notional amount	3,426	4,499
Bilateral OTC | Accounted for as hedges | Currencies
Derivative [Line Items]
Derivative assets, before offset	831	60
Derivative liabilities, before offset	134	139
Notional amount	$ 17,988	$ 18,658

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Gross fair value of derivatives included in derivative assets	$ 17,120		$ 17,120		$ 17,480
Gross fair value of derivatives included in derivative liabilities	16,190		16,190		17,290
Net realized and unrealized gains (losses) on level 3 derivatives	1,150	$ 420	4,870	$ 107
Net realized gains (losses) on derivative assets and liabilities	(16)	(33)	456	73
Net unrealized gains (losses) on derivative assets and liabilities	1,167	453	4,413	34
Gross notional amount of written credit derivatives	557,614		557,614		510,235
Gross notional amount of purchased credit derivatives	619,110		619,110		569,340
Net purchased protection notional value of credit derivatives	61,500		61,500		59,100
Net gains (losses) on hedges and related available-for-sale securities	3		(25)
Gains (losses) related to hedges	189		425
Gains (losses) on related hedged available-for-sale securities	(186)		(450)
Foreign currency denominated debt designated as hedges	8,570		8,570		3,710
Accounted for as hedges
Derivative [Line Items]
Amortized cost of investments	10,930		10,930
Unsecured long-term borrowings | Accounted for as hedges
Derivative [Line Items]
Cumulative hedging adjustment	5,100		5,100		5,910
Cumulative hedging adjustments for items no longer designated in a hedging relationship	149		149		68
Commodity futures contracts
Derivative [Line Items]
Trading cash instrument at fair value	627		627		1,050
Trading cash instruments assets commodities amortized cost	664		664		$ 1,020
Market making
Derivative [Line Items]
Net realized and unrealized gains (losses) on level 3 derivatives	1,140	405	4,850	62
Other principal transactions
Derivative [Line Items]
Net realized and unrealized gains (losses) on level 3 derivatives	$ 7	$ 15	$ 16	$ 45

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Fair Value of Derivatives by Level (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Total financial assets at fair value	$ 694,838	$ 738,615	$ 715,812
Total financial liabilities at fair value	(534,964)	(578,312)	(491,557)
Fair value included in financial instruments	(231,713)		(181,424)
Level 1
Derivative [Line Items]
Total financial assets at fair value	249,307	249,974	255,774
Total financial liabilities at fair value	(137,956)	(168,941)	(110,030)
Level 2
Derivative [Line Items]
Total financial assets at fair value	490,992	526,910	498,527
Total financial liabilities at fair value	(434,313)	(435,827)	(403,627)
Level 3
Derivative [Line Items]
Total financial assets at fair value	29,275	28,884	24,083
Total financial liabilities at fair value	(23,268)	(24,470)	(29,169)
Derivatives
Derivative [Line Items]
Total financial assets at fair value	157,828		130,001
Fair value included in financial instruments	80,121		63,960
Total financial liabilities at fair value	(131,342)		(103,222)
Fair value included in financial instruments	(70,769)		(51,953)
Derivatives | Gross fair value
Derivative [Line Items]
Total financial assets at fair value	576,174		459,969
Total financial liabilities at fair value	(549,688)		(433,190)
Derivatives | Interest rates
Derivative [Line Items]
Total financial assets at fair value	279,285		247,592
Total financial liabilities at fair value	(257,561)		(218,322)
Derivatives | Credit
Derivative [Line Items]
Total financial assets at fair value	14,215		16,256
Total financial liabilities at fair value	(12,733)		(15,755)
Derivatives | Currencies
Derivative [Line Items]
Total financial assets at fair value	149,808		87,010
Total financial liabilities at fair value	(148,380)		(86,309)
Derivatives | Commodities
Derivative [Line Items]
Total financial assets at fair value	66,385		35,545
Total financial liabilities at fair value	(54,564)		(32,531)
Derivatives | Equities
Derivative [Line Items]
Total financial assets at fair value	66,481		73,566
Total financial liabilities at fair value	(76,450)		(80,273)
Derivatives | Counterparty netting in levels
Derivative [Line Items]
Total financial assets at fair value	(418,346)		(329,968)
Total financial liabilities at fair value	418,346		329,968
Derivatives | Cross-level counterparty netting
Derivative [Line Items]
Total financial assets at fair value	(4,029)		(1,924)
Total financial liabilities at fair value	4,029		1,924
Derivatives | Cash collateral netting
Derivative [Line Items]
Cash collateral netting	(73,678)		(64,117)
Cash collateral netting	56,544		49,345
Derivatives | Level 1
Derivative [Line Items]
Total financial assets at fair value	186		35
Total financial liabilities at fair value	(39)		(31)
Derivatives | Level 1 | Gross fair value
Derivative [Line Items]
Total financial assets at fair value	186		35
Total financial liabilities at fair value	(39)		(31)
Derivatives | Level 1 | Interest rates
Derivative [Line Items]
Total financial assets at fair value	62		2
Total financial liabilities at fair value	(14)		(2)
Derivatives | Level 1 | Credit
Derivative [Line Items]
Total financial assets at fair value	0		0
Total financial liabilities at fair value	0		0
Derivatives | Level 1 | Currencies
Derivative [Line Items]
Total financial assets at fair value	0		0
Total financial liabilities at fair value	0		0
Derivatives | Level 1 | Commodities
Derivative [Line Items]
Total financial assets at fair value	0		0
Total financial liabilities at fair value	0		0
Derivatives | Level 1 | Equities
Derivative [Line Items]
Total financial assets at fair value	124		33
Total financial liabilities at fair value	(25)		(29)
Derivatives | Level 1 | Counterparty netting in levels
Derivative [Line Items]
Total financial assets at fair value			0
Total financial liabilities at fair value			0
Derivatives | Level 2
Derivative [Line Items]
Total financial assets at fair value	149,207		124,028
Total financial liabilities at fair value	(127,011)		(97,693)
Derivatives | Level 2 | Gross fair value
Derivative [Line Items]
Total financial assets at fair value	566,514		453,192
Total financial liabilities at fair value	(544,318)		(426,857)
Derivatives | Level 2 | Interest rates
Derivative [Line Items]
Total financial assets at fair value	276,914		246,525
Total financial liabilities at fair value	(256,711)		(217,438)
Derivatives | Level 2 | Credit
Derivative [Line Items]
Total financial assets at fair value	11,404		12,823
Total financial liabilities at fair value	(11,588)		(14,176)
Derivatives | Level 2 | Currencies
Derivative [Line Items]
Total financial assets at fair value	149,107		86,773
Total financial liabilities at fair value	(147,804)		(85,925)
Derivatives | Level 2 | Commodities
Derivative [Line Items]
Total financial assets at fair value	64,227		34,501
Total financial liabilities at fair value	(53,923)		(31,925)
Derivatives | Level 2 | Equities
Derivative [Line Items]
Total financial assets at fair value	64,862		72,570
Total financial liabilities at fair value	(74,292)		(77,393)
Derivatives | Level 2 | Counterparty netting in levels
Derivative [Line Items]
Total financial assets at fair value	(417,307)		(329,164)
Total financial liabilities at fair value	417,307		329,164
Derivatives | Level 3
Derivative [Line Items]
Total financial assets at fair value	8,435	$ 8,348	5,938
Total financial liabilities at fair value	(4,292)		(5,498)
Derivatives | Level 3 | Gross fair value
Derivative [Line Items]
Total financial assets at fair value	9,474		6,742
Total financial liabilities at fair value	(5,331)		(6,302)
Derivatives | Level 3 | Interest rates
Derivative [Line Items]
Total financial assets at fair value	2,309		1,065
Total financial liabilities at fair value	(836)		(882)
Derivatives | Level 3 | Credit
Derivative [Line Items]
Total financial assets at fair value	2,811		3,433
Total financial liabilities at fair value	(1,145)		(1,579)
Derivatives | Level 3 | Currencies
Derivative [Line Items]
Total financial assets at fair value	701		237
Total financial liabilities at fair value	(576)		(384)
Derivatives | Level 3 | Commodities
Derivative [Line Items]
Total financial assets at fair value	2,158		1,044
Total financial liabilities at fair value	(641)		(606)
Derivatives | Level 3 | Equities
Derivative [Line Items]
Total financial assets at fair value	1,495		963
Total financial liabilities at fair value	(2,133)		(2,851)
Derivatives | Level 3 | Counterparty netting in levels
Derivative [Line Items]
Total financial assets at fair value	(1,039)		(804)
Total financial liabilities at fair value	$ 1,039		$ 804

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Significant Unobservable Inputs Used to Value Level 3 Derivatives (Detail) $ in Millions	Sep. 30, 2022 USD ($) bps spreads	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) spreads bps	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	$ 4,143	$ 3,174	$ 440	$ 649	$ 567	$ 1,175
Interest rates
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	1,473	1,035	183	247	308	267
Credit
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	1,666	2,164	1,854	1,719	1,750	1,778
Currencies
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	125	(239)	(147)	(119)	(234)	(338)
Commodities
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	1,517	1,435	438	513	266	300
Equities
Fair Value Measurement Inputs Disclosure [Line Items]
Fair value of derivative assets (liabilities) | $	$ (638)	$ (1,221)	$ (1,888)	$ (1,711)	$ (1,523)	$ (832)
Minimum | Interest rates | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	25		25
Minimum | Interest rates | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	31		31
Minimum | Credit | Level 3 | Credit spreads (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	4		1
Minimum | Credit | Level 3 | Upfront credit points
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	0		2
Minimum | Credit | Level 3 | Recovery rates
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	20		20
Minimum | Currencies | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	20		20
Minimum | Currencies | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	20		19
Minimum | Commodities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	25		15
Minimum | Commodities | Electricity | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	2.60		1.50
Minimum | Commodities | Natural gas | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	(3.59)		(1.33)
Minimum | Commodities | Oil | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	(5.50)		8.64
Minimum | Equities | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	(70)		(70)
Minimum | Equities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	2		3
Maximum | Interest rates | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	81		81
Maximum | Interest rates | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	100		100
Maximum | Credit | Level 3 | Credit spreads (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	1,040		568
Maximum | Credit | Level 3 | Upfront credit points
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	100		100
Maximum | Credit | Level 3 | Recovery rates
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	50		50
Maximum | Currencies | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	71		71
Maximum | Currencies | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	21		19
Maximum | Commodities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	148		93
Maximum | Commodities | Electricity | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	309.83		289.96
Maximum | Commodities | Natural gas | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	8.59		2.60
Maximum | Commodities | Oil | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	48.91		22.68
Maximum | Equities | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	100		99
Maximum | Equities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	89		150
Average | Interest rates | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	64		63
Average | Interest rates | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	63		59
Average | Credit | Level 3 | Credit spreads (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	188		136
Average | Credit | Level 3 | Upfront credit points
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	41		34
Average | Credit | Level 3 | Recovery rates
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	41		37
Average | Currencies | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	39		40
Average | Currencies | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	21		19
Average | Commodities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	56		32
Average | Commodities | Electricity | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	54.13		37.42
Average | Commodities | Natural gas | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	(0.16)		(0.11)
Average | Commodities | Oil | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	20.75		13.36
Average | Equities | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	64		59
Average | Equities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	16		17
Median | Interest rates | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	63		62
Median | Interest rates | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	61		54
Median | Credit | Level 3 | Credit spreads (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs | bps	117		107
Median | Credit | Level 3 | Upfront credit points
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	34		26
Median | Credit | Level 3 | Recovery rates
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	40		40
Median | Currencies | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	23		41
Median | Currencies | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	21		19
Median | Commodities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	47		29
Median | Commodities | Electricity | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	48.43		32.20
Median | Commodities | Natural gas | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	(0.20)		(0.07)
Median | Commodities | Oil | Level 3 | Spread
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	20.07		12.69
Median | Equities | Level 3 | Correlation
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	66		62
Median | Equities | Level 3 | Volatility (bps)
Fair Value Measurement Inputs Disclosure [Line Items]
Significant unobservable inputs	13		17

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Changes in Fair Value for Level 3 Derivatives (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 3,174	$ 567	$ 440	$ 1,175
Net realized gains/(losses)	(16)	(33)	456	73
Net unrealized gains/(losses)	1,167	453	4,413	34
Purchases	156	92	216	439
Sales	(232)	(366)	(1,004)	(1,058)
Settlements	491	(264)	50	99
Transfers into level 3	105	(112)	(130)	(79)
Transfers out of level 3	(702)	312	(298)	(34)
Ending balance	4,143	649	4,143	649
Interest rates
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	1,035	308	183	267
Net realized gains/(losses)	(27)	(60)	(98)	(11)
Net unrealized gains/(losses)	411	(56)	1,370	38
Purchases	8	0	55	67
Sales	(1)	(24)	(27)	(72)
Settlements	64	101	111	23
Transfers into level 3	(15)	(20)	(7)	(1)
Transfers out of level 3	(2)	(2)	(114)	(64)
Ending balance	1,473	247	1,473	247
Credit
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	2,164	1,750	1,854	1,778
Net realized gains/(losses)	(11)	(22)	36	(33)
Net unrealized gains/(losses)	24	11	92	129
Purchases	64	18	2	62
Sales	(8)	(35)	(40)	(62)
Settlements	(144)	(22)	(105)	(9)
Transfers into level 3	16	15	11	(60)
Transfers out of level 3	(439)	4	(184)	(86)
Ending balance	1,666	1,719	1,666	1,719
Currencies
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(239)	(234)	(147)	(338)
Net realized gains/(losses)	28	9	66	(29)
Net unrealized gains/(losses)	199	43	225	(7)
Purchases	1	1	2	41
Sales	(2)	(5)	(7)	(12)
Settlements	122	36	62	235
Transfers into level 3	2	(4)	(81)	(20)
Transfers out of level 3	14	35	5	11
Ending balance	125	(119)	125	(119)
Commodities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	1,435	266	438	300
Net realized gains/(losses)	(53)	(23)	(29)	(76)
Net unrealized gains/(losses)	209	196	1,264	348
Purchases	5	16	4	38
Sales	(16)	(4)	(23)	(34)
Settlements	(14)	6	(87)	(56)
Transfers into level 3	78	25	172	16
Transfers out of level 3	(127)	31	(222)	(23)
Ending balance	1,517	513	1,517	513
Equities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	(1,221)	(1,523)	(1,888)	(832)
Net realized gains/(losses)	47	63	481	222
Net unrealized gains/(losses)	324	259	1,462	(474)
Purchases	78	57	153	231
Sales	(205)	(298)	(907)	(878)
Settlements	463	(385)	69	(94)
Transfers into level 3	24	(128)	(225)	(14)
Transfers out of level 3	(148)	244	217	128
Ending balance	$ (638)	$ (1,711)	$ (638)	$ (1,711)

Derivatives and Hedging Activ_8

Derivatives and Hedging Activities - OTC Derivatives by Tenor and Major Product Type (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative Assets	$ 80,121	$ 63,960
Derivative Liabilities	70,769	51,953
OTC
Derivative [Line Items]
Derivative Assets	173,838	141,392
Derivative Liabilities	144,025	113,386
OTC | Interest rates
Derivative [Line Items]
Derivative Assets	83,581	79,111
Derivative Liabilities	60,955	49,537
OTC | Credit
Derivative [Line Items]
Derivative Assets	6,557	7,294
Derivative Liabilities	5,075	6,793
OTC | Currencies
Derivative [Line Items]
Derivative Assets	43,892	26,578
Derivative Liabilities	42,490	26,283
OTC | Commodities
Derivative [Line Items]
Derivative Assets	35,285	18,296
Derivative Liabilities	23,365	15,628
OTC | Equities
Derivative [Line Items]
Derivative Assets	17,372	19,767
Derivative Liabilities	24,989	24,799
OTC | Counterparty netting in tenors
Derivative [Line Items]
Derivative Assets	(12,849)	(9,654)
Derivative Liabilities	(12,849)	(9,654)
OTC | Cross-tenor counterparty netting
Derivative [Line Items]
Derivative Assets	(26,334)	(18,638)
Derivative Liabilities	(26,334)	(18,638)
OTC | Cash collateral netting
Derivative [Line Items]
Cash collateral netting	(73,678)	(64,117)
Cash collateral netting	(56,544)	(49,345)
OTC | Counterparty and cash collateral netting
Derivative [Line Items]
Derivative Assets	73,826	58,637
Derivative Liabilities	61,147	45,403
Less than 1 Year | OTC
Derivative [Line Items]
Derivative Assets	60,246	38,871
Derivative Liabilities	60,761	31,981
Less than 1 Year | OTC | Interest rates
Derivative [Line Items]
Derivative Assets	12,714	6,076
Derivative Liabilities	17,883	3,929
Less than 1 Year | OTC | Credit
Derivative [Line Items]
Derivative Assets	971	1,800
Derivative Liabilities	1,459	1,695
Less than 1 Year | OTC | Currencies
Derivative [Line Items]
Derivative Assets	25,586	13,366
Derivative Liabilities	20,944	14,122
Less than 1 Year | OTC | Commodities
Derivative [Line Items]
Derivative Assets	17,378	10,178
Derivative Liabilities	11,761	7,591
Less than 1 Year | OTC | Equities
Derivative [Line Items]
Derivative Assets	7,903	11,075
Derivative Liabilities	13,020	8,268
Less than 1 Year | OTC | Counterparty netting in tenors
Derivative [Line Items]
Derivative Assets	(4,306)	(3,624)
Derivative Liabilities	(4,306)	(3,624)
1 - 5 Years | OTC
Derivative [Line Items]
Derivative Assets	47,803	31,261
Derivative Liabilities	52,706	36,631
1 - 5 Years | OTC | Interest rates
Derivative [Line Items]
Derivative Assets	17,175	11,655
Derivative Liabilities	24,168	10,932
1 - 5 Years | OTC | Credit
Derivative [Line Items]
Derivative Assets	2,908	2,381
Derivative Liabilities	2,013	3,257
1 - 5 Years | OTC | Currencies
Derivative [Line Items]
Derivative Assets	10,152	6,642
Derivative Liabilities	11,134	6,581
1 - 5 Years | OTC | Commodities
Derivative [Line Items]
Derivative Assets	15,744	7,348
Derivative Liabilities	10,555	6,274
1 - 5 Years | OTC | Equities
Derivative [Line Items]
Derivative Assets	5,795	6,592
Derivative Liabilities	8,807	12,944
1 - 5 Years | OTC | Counterparty netting in tenors
Derivative [Line Items]
Derivative Assets	(3,971)	(3,357)
Derivative Liabilities	(3,971)	(3,357)
Greater than 5 Years | OTC
Derivative [Line Items]
Derivative Assets	65,789	71,260
Derivative Liabilities	30,558	44,774
Greater than 5 Years | OTC | Interest rates
Derivative [Line Items]
Derivative Assets	53,692	61,380
Derivative Liabilities	18,904	34,676
Greater than 5 Years | OTC | Credit
Derivative [Line Items]
Derivative Assets	2,678	3,113
Derivative Liabilities	1,603	1,841
Greater than 5 Years | OTC | Currencies
Derivative [Line Items]
Derivative Assets	8,154	6,570
Derivative Liabilities	10,412	5,580
Greater than 5 Years | OTC | Commodities
Derivative [Line Items]
Derivative Assets	2,163	770
Derivative Liabilities	1,049	1,763
Greater than 5 Years | OTC | Equities
Derivative [Line Items]
Derivative Assets	3,674	2,100
Derivative Liabilities	3,162	3,587
Greater than 5 Years | OTC | Counterparty netting in tenors
Derivative [Line Items]
Derivative Assets	(4,572)	(2,673)
Derivative Liabilities	$ (4,572)	$ (2,673)

Derivatives and Hedging Activ_9

Derivatives and Hedging Activities - Credit Derivatives (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	$ 557,614	$ 510,235
Maximum Payout/Notional Amount of Purchased Credit Derivatives	619,110	569,340
Offsetting
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	444,546	418,445
Other
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	174,562	150,892
Less than 1 Year
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	138,346	132,599
1 - 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	330,401	336,151
Greater than 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	88,867	41,485
Written Credit Derivative
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	3,918	11,182
Fair Value Liability of Written Credit Derivatives	10,192	4,663
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(6,274)	6,519
0 - 250
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	446,979	461,269
0 - 250 | Offsetting
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	356,426	381,715
0 - 250 | Other
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	152,001	138,214
0 - 250 | Less than 1 Year
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	114,156	120,456
0 - 250 | 1 - 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	263,129	305,255
0 - 250 | Greater than 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	69,694	35,558
0 - 250 | Written Credit Derivative
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	3,459	9,803
Fair Value Liability of Written Credit Derivatives	2,493	941
Fair Value Net Asset/(Liability) of Written Credit Derivatives	966	8,862
251 - 500
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	48,466	23,588
251 - 500 | Offsetting
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	42,279	17,210
251 - 500 | Other
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	7,669	7,780
251 - 500 | Less than 1 Year
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	2,562	6,173
251 - 500 | 1 - 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	33,493	14,328
251 - 500 | Greater than 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	12,411	3,087
251 - 500 | Written Credit Derivative
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	335	924
Fair Value Liability of Written Credit Derivatives	1,813	123
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(1,478)	801
501 - 1,000
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	43,352	16,939
501 - 1,000 | Offsetting
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	29,204	12,806
501 - 1,000 | Other
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	12,077	3,576
501 - 1,000 | Less than 1 Year
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	17,059	1,656
501 - 1,000 | 1 - 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	20,948	12,754
501 - 1,000 | Greater than 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	5,345	2,529
501 - 1,000 | Written Credit Derivative
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	85	318
Fair Value Liability of Written Credit Derivatives	2,408	1,666
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(2,323)	(1,348)
Greater than 1,000
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	18,817	8,439
Greater than 1,000 | Offsetting
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	16,637	6,714
Greater than 1,000 | Other
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	2,815	1,322
Greater than 1,000 | Less than 1 Year
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	4,569	4,314
Greater than 1,000 | 1 - 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	12,831	3,814
Greater than 1,000 | Greater than 5 Years
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor	1,417	311
Greater than 1,000 | Written Credit Derivative
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	39	137
Fair Value Liability of Written Credit Derivatives	3,478	1,933
Fair Value Net Asset/(Liability) of Written Credit Derivatives	$ (3,439)	$ (1,796)

Derivatives and Hedging Acti_10

Derivatives and Hedging Activities - Summary of Information About CVA and FVA (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
CVA, net of hedges	$ 223	$ 49	$ 523	$ (14)
FVA, net of hedges	(74)	17	(465)	54
Total	$ 149	$ 66	$ 58	$ 40

Derivatives and Hedging Acti_11

Derivatives and Hedging Activities - Summary of Derivatives Bifurcated from their Related Borrowings (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Fair value of assets	$ 283	$ 845
Fair value of liabilities	(263)	(124)
Net asset/(liability)	20	721
Notional amount	42,068,858	42,639,542
Embedded Derivatives Classified In Debt
Derivative [Line Items]
Notional amount	$ 8,856	$ 10,743

Derivatives and Hedging Acti_12

Derivatives and Hedging Activities - Derivatives with Credit-Related Contingent Features (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Net derivative liabilities under bilateral agreements	$ 36,526	$ 34,315
Collateral posted	26,751	29,214
One-notch downgrade
Derivative [Line Items]
Additional collateral or termination payments:	352	345
Two-notch downgrade
Derivative [Line Items]
Additional collateral or termination payments:	$ 1,283	$ 1,536

Derivatives and Hedging Acti_13

Derivatives and Hedging Activities - Gain (Loss) from Interest Rate Hedges and Related Hedged Items (Detail) - Fair Value Hedging - Accounted for as hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Gains/(losses) on Investments	$ 18	$ 0	$ 15	$ 0
Gains/(losses) on Borrowings and deposits	(79)	(163)	(350)	(468)
Interest rates
Derivative [Line Items]
Gains/(losses) on Investments	427	0	372	0
Gains/(losses) on Borrowings and deposits	(7,820)	(1,528)	(22,629)	(5,459)
Hedged investments
Derivative [Line Items]
Gains/(losses) on Investments	(409)	0	(357)	0
Hedged borrowings and deposits
Derivative [Line Items]
Gains/(losses) on Borrowings and deposits	$ 7,741	$ 1,365	$ 22,279	$ 4,991

Derivatives and Hedging Acti_14

Derivatives and Hedging Activities - Carrying Amount of Hedged Items Currently Designated in a Hedging Relationship and Related Cumulative Hedging Adjustment (Detail) - Accounted for as hedges - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Value	$ 10,174
Cumulative Hedging Adjustment	(358)
Deposits
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Value	7,391	$ 14,131
Cumulative Hedging Adjustment	(297)	246
Unsecured short-term borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Value	7,553	2,167
Cumulative Hedging Adjustment	(59)	5
Unsecured long-term borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Value	150,553	144,934
Cumulative Hedging Adjustment	$ (15,395)	$ 6,169

Derivatives and Hedging Acti_15

Derivatives and Hedging Activities - Gains/(Losses) from Net Investment Hedging (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Foreign currency-denominated debt	$ 551	$ 31	$ 1,147	$ 290
Currencies | Net Investment Hedging
Derivative [Line Items]
Foreign currency forward contract	$ 1,097	$ 373	$ 2,310	$ 600

Investments - Information about

Investments - Information about Investments (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments, Fair Value Disclosure [Abstract]
Equity securities, at fair value	$ 15,359	$ 18,937
Debt instruments, at fair value	14,096	15,558
Available-for-sale securities, at fair value	48,125	48,932
Investments, at fair value	77,580	83,427
Held-to-maturity securities	48,549	4,699
Equity method investments	834	593
Total investments	$ 126,963	$ 88,719

Investments - Equity Securities

Investments - Equity Securities At Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Equity securities, at fair value	$ 15,359	$ 18,937
Corporate and Real estate
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	100%	100%
Corporate
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	73%	78%
Real estate
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	27%	22%
Public and Private equity
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	100%	100%
Public equity
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	17%	24%
Private equity
Debt and Equity Securities, FV-NI [Line Items]
Percentage of investment in equity securities	83%	76%

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Investments in credit funds measured at NAV	$ 77,580		$ 77,580		$ 83,427
Gross unrealized loss included in accumulated other comprehensive gain/(loss)			3,890		779
Gross unrealized gain included in accumulated other comprehensive gain/(loss)			0		118
Net unrealized losses included in other comprehensive income/(loss after tax	615	$ 114	2,410	$ 658
Held-to-maturity securities, gross unrealized gains	0		0		175
Held-to-maturity securities, gross unrealized losses	1,530		1,530		0
Available-for-sale Securities
Debt and Equity Securities, FV-NI [Line Items]
Net unrealized losses included in other comprehensive income/(loss before tax	836	152	3,230	880
Net unrealized losses included in other comprehensive income/(loss after tax	615	114	2,410	658
Level 3
Debt and Equity Securities, FV-NI [Line Items]
Net realized gains/(losses)	(72)	7	(128)	41
Investments
Debt and Equity Securities, FV-NI [Line Items]
Investments in funds at NAV	2,971		2,971		3,469
Investments in credit funds measured at NAV	74,609		74,609		79,958
Net realized gains/(losses)	103	78	428	184
Net unrealized gains / (losses) on level 3 investments	(407)	155	(1,828)	1,244
Investments | Operating income (loss)
Debt and Equity Securities, FV-NI [Line Items]
Net realized gains/(losses)	(427)	183	(1,710)	1,290
Investments | Interest income
Debt and Equity Securities, FV-NI [Line Items]
Net realized gains/(losses)	123	50	314	135
Investments | Level 3
Debt and Equity Securities, FV-NI [Line Items]
Investments in credit funds measured at NAV	16,954		16,954		13,902
Net realized gains/(losses)	(304)	233	(1,400)	1,430
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Equity method investment	5,070		5,070		5,810
Equity securities | Investments
Debt and Equity Securities, FV-NI [Line Items]
Investments in credit funds measured at NAV	14,034		14,034		17,138
Net realized gains/(losses)	24	29	174	(4)
Net unrealized gains / (losses) on level 3 investments	(205)	118	(1,236)	916
Equity securities | Investments | Level 3
Debt and Equity Securities, FV-NI [Line Items]
Investments in credit funds measured at NAV	9,020		9,020		7,915
Fair value option
Debt and Equity Securities, FV-NI [Line Items]
Gains/(losses) recognized on equity securities	(118)	$ 177	(189)	$ 1,810
Investments in funds at NAV
Debt and Equity Securities, FV-NI [Line Items]
Investments in funds at NAV	1,330		1,330		1,800
Investments in credit funds measured at NAV	1,640		1,640		$ 1,670
Covered funds
Debt and Equity Securities, FV-NI [Line Items]
Investments in Volcker covered funds	$ 400		$ 400

Investments - Debt Instruments

Investments - Debt Instruments At Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, at fair value	$ 14,096	$ 15,558
Corporate debt securities
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, at fair value	9,828	9,793
Securities backed by real estate
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, at fair value	1,316	2,280
Money market instruments
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, at fair value	1,002	1,396
Other
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, at fair value	$ 1,950	$ 2,089

Investments - Fair Value of Inv

Investments - Fair Value of Investments in Funds at NAV and Related Unfunded Commitments (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Cash instruments, assets
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	$ 2,971	$ 3,469
Cash instruments, liabilities
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	1,135	1,322
Private equity funds | Cash instruments, assets
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	955	1,411
Private equity funds | Cash instruments, liabilities
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	589	619
Credit funds | Cash instruments, assets
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	1,649	1,686
Credit funds | Cash instruments, liabilities
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	417	556
Hedge funds | Cash instruments, assets
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	70	84
Hedge funds | Cash instruments, liabilities
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	0	0
Real estate funds | Cash instruments, assets
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	297	288
Real estate funds | Cash instruments, liabilities
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	$ 129	$ 147

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Tenor (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 52,019	$ 49,593
Fair Value	$ 48,125	$ 48,932
Weighted Average Yield	0.64%	0.52%
U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 49,549	$ 46,900
Fair Value	$ 46,196	$ 46,322
Weighted Average Yield	0.65%	0.53%
Non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 2,470	$ 2,693
Fair Value	$ 1,929	$ 2,610
Weighted Average Yield	0.40%	0.33%
Less than 1 year | U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 2,353	$ 25
Fair Value	$ 2,295	$ 25
Weighted Average Yield	0.24%	0.12%
1 year to 5 years | U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 46,366	$ 41,536
Fair Value	$ 43,125	$ 41,066
Weighted Average Yield	0.65%	0.47%
1 year to 5 years | Non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 9
Fair Value	$ 9
Weighted Average Yield	0.28%
5 years to 10 years | U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 830	$ 5,337
Fair Value	$ 776	$ 5,229
Weighted Average Yield	2.14%	0.92%
5 years to 10 years | Non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 2,461	$ 2,693
Fair Value	$ 1,920	$ 2,610
Weighted Average Yield	0.40%	0.33%
Greater than 10 years | U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 2
Fair Value		$ 2
Weighted Average Yield		2%

Investments - Summary of Gross

Investments - Summary of Gross Realized Gains and the Proceeds from the Sales of Available-for-Sale Securities (Detail) - Available-for-sale Securities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 0	$ 54	$ 0	$ 187
Proceeds from sales	$ 0	$ 11,467	$ 2	$ 24,882

Investments - Investments Accou

Investments - Investments Accounted for at Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	$ 77,580		$ 77,580		$ 83,427
Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in funds at NAV	2,971		2,971		3,469
Investment at fair value	74,609		74,609		79,958
Transfers into level 3	1,687	$ 806	6,425	$ 1,843
Sales	(236)	(478)	(741)	(1,070)
Settlements	(272)	(831)	(1,461)	(2,421)
Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	50,275		50,275		51,175
Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	7,380		7,380		14,881
Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	16,954		16,954		13,902
U.S. | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	46,196		46,196		46,322
U.S. | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	46,196		46,196		46,322
U.S. | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
U.S. | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
Non-U.S. | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,941		1,941		2,612
Non-U.S. | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,921		1,921		2,612
Non-U.S. | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	20		20		0
Non-U.S. | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
Corporate debt securities | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	9,828		9,828		9,793
Transfers into level 3	659	529	2,944	1,120
Sales	(78)	(204)	(151)	(383)
Settlements	(143)	(601)	(810)	(1,254)
Corporate debt securities | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	160		160		65
Corporate debt securities | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	2,930		2,930		5,201
Corporate debt securities | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	6,738		6,738		4,527
Securities backed by real estate | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,316		1,316		2,280
Transfers into level 3	1	26	269	114
Sales	(47)	(19)	(96)	(43)
Settlements	(23)	(51)	(140)	(247)
Securities backed by real estate | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
Securities backed by real estate | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	404		404		1,202
Securities backed by real estate | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	912		912		1,078
Money market instruments | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,002		1,002		1,396
Money market instruments | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	24		24		41
Money market instruments | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	978		978		1,355
Money market instruments | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
Other debt obligations | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	292		292		417
Sales	0	(1)	0	(3)
Settlements	(23)	(33)	(127)	(54)
Other debt obligations | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	0		0		0
Other debt obligations | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	8		8		35
Other debt obligations | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	284		284		382
Equity securities | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	14,034		14,034		17,138
Transfers into level 3	1,027	251	3,212	609
Sales	(111)	(254)	(494)	(641)
Settlements	(83)	$ (146)	(384)	$ (866)
Equity securities | Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,974		1,974		2,135
Equity securities | Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	3,040		3,040		7,088
Equity securities | Level 3 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	$ 9,020		$ 9,020		$ 7,915

Investments - Amount of Level 3

Investments - Amount of Level 3 Investments and Significant Unobservable Inputs Used to Value Such Investments (Detail) $ in Millions	Sep. 30, 2022 USD ($) yr	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) yr
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 694,838	$ 738,615	$ 715,812
Level 3 assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	29,275	$ 28,884	24,083
Corporate debt securities | Level 3 assets | Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 6,738		$ 4,527
Corporate debt securities | Level 3 assets | Yield | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	2%		2%
Corporate debt securities | Level 3 assets | Yield | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	21.80%		29%
Corporate debt securities | Level 3 assets | Yield | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	11.80%		10.80%
Corporate debt securities | Level 3 assets | Recovery rate | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	9.10%		9.10%
Corporate debt securities | Level 3 assets | Recovery rate | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	78.50%		76%
Corporate debt securities | Level 3 assets | Recovery rate | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	51.70%		59.10%
Corporate debt securities | Level 3 assets | Duration (years) | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1.2		1.4
Corporate debt securities | Level 3 assets | Duration (years) | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	5.5		6.4
Corporate debt securities | Level 3 assets | Duration (years) | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	3.9		3.8
Corporate debt securities | Level 3 assets | Multiples | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1.9		0.5
Corporate debt securities | Level 3 assets | Multiples | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	66.5		28.2
Corporate debt securities | Level 3 assets | Multiples | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	7.8		6.9
Securities backed by real estate | Level 3 assets | Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 912		$ 1,078
Securities backed by real estate | Level 3 assets | Yield | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	8.30%		8.30%
Securities backed by real estate | Level 3 assets | Yield | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	23.30%		20.30%
Securities backed by real estate | Level 3 assets | Yield | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	15.40%		13.10%
Securities backed by real estate | Level 3 assets | Recovery rate | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input			55.10%
Securities backed by real estate | Level 3 assets | Recovery rate | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input			61%
Securities backed by real estate | Level 3 assets | Recovery rate | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input			56.40%
Securities backed by real estate | Level 3 assets | Duration (years) | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1		0.1
Securities backed by real estate | Level 3 assets | Duration (years) | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	4.2		2.6
Securities backed by real estate | Level 3 assets | Duration (years) | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	4.1		1.2
Other debt obligations | Level 3 assets | Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 284		$ 382
Other debt obligations | Level 3 assets | Yield | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	5%		2.30%
Other debt obligations | Level 3 assets | Yield | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	20%		10.60%
Other debt obligations | Level 3 assets | Yield | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	7.10%		3.20%
Other debt obligations | Level 3 assets | Duration (years) | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.4		0.9
Other debt obligations | Level 3 assets | Duration (years) | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1.5		9.3
Other debt obligations | Level 3 assets | Duration (years) | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1.3		4.8
Equity securities | Level 3 assets | Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 9,020		$ 7,915
Equity securities | Level 3 assets | Multiples | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.4		0.4
Equity securities | Level 3 assets | Multiples | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	34.4		30.5
Equity securities | Level 3 assets | Multiples | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	9		10.1
Equity securities | Level 3 assets | Discount rate/yield | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	6%		2%
Equity securities | Level 3 assets | Discount rate/yield | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	38.50%		35%
Equity securities | Level 3 assets | Discount rate/yield | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	14.70%		14.10%
Equity securities | Level 3 assets | Capitalization rate | Investments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	4%		3.50%
Equity securities | Level 3 assets | Capitalization rate | Investments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	10.80%		14%
Equity securities | Level 3 assets | Capitalization rate | Investments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percentage of investments, measurement input	5.40%		5.70%

Investments - Summary of Change

Investments - Summary of Changes in Fair Value for Level 3 Investments (Detail) - Investments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 16,109	$ 16,332	$ 13,902	$ 16,423
Net realized gains/(losses)	103	78	428	184
Net unrealized gains/(losses)	(407)	155	(1,828)	1,244
Purchases	445	496	1,385	1,467
Sales	(236)	(478)	(741)	(1,070)
Settlements	(272)	(831)	(1,461)	(2,421)
Transfers into level 3	1,687	806	6,425	1,843
Transfers out of level 3	(475)	(2,879)	(1,156)	(3,991)
Ending balance	16,954	13,679	16,954	13,679
Corporate debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	6,576	4,958	4,527	5,286
Net realized gains/(losses)	69	33	224	150
Net unrealized gains/(losses)	(111)	47	(297)	302
Purchases	137	101	624	374
Sales	(78)	(204)	(151)	(383)
Settlements	(143)	(601)	(810)	(1,254)
Transfers into level 3	659	529	2,944	1,120
Transfers out of level 3	(371)	(586)	(323)	(1,318)
Ending balance	6,738	4,277	6,738	4,277
Securities backed by real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,067	1,117	1,078	998
Net realized gains/(losses)	7	12	21	29
Net unrealized gains/(losses)	(88)	(11)	(287)	25
Purchases	17	14	76	212
Sales	(47)	(19)	(96)	(43)
Settlements	(23)	(51)	(140)	(247)
Transfers into level 3	1	26	269	114
Transfers out of level 3	(22)	0	(9)	0
Ending balance	912	1,088	912	1,088
Other debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	303	502	382	497
Net realized gains/(losses)	3	4	9	9
Net unrealized gains/(losses)	(3)	1	(8)	1
Purchases	4	10	28	32
Sales	0	(1)	0	(3)
Settlements	(23)	(33)	(127)	(54)
Transfers out of level 3	0	(96)	0	(95)
Ending balance	284	387	284	387
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	8,163	9,755	7,915	9,642
Net realized gains/(losses)	24	29	174	(4)
Net unrealized gains/(losses)	(205)	118	(1,236)	916
Purchases	287	371	657	849
Sales	(111)	(254)	(494)	(641)
Settlements	(83)	(146)	(384)	(866)
Transfers into level 3	1,027	251	3,212	609
Transfers out of level 3	(82)	(2,197)	(824)	(2,578)
Ending balance	$ 9,020	$ 7,927	$ 9,020	$ 7,927

Investments - Held-to-maturity

Investments - Held-to-maturity Securities by Type and Tenor (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 48,549	$ 4,699
Fair Value	$ 47,020	$ 4,873
Weighted Average Yield	2.75%	2.13%
U.S. government obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 48,383	$ 4,054
Fair Value	$ 46,858	$ 4,200
Weighted Average Yield	2.75%	2.30%
U.S. government obligations | Less than 1 year
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,920
Fair Value	$ 5,908
Weighted Average Yield	2.25%
U.S. government obligations | 1 year to 5 years
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 40,254	$ 4,054
Fair Value	$ 38,816	$ 4,200
Weighted Average Yield	2.79%	2.30%
U.S. government obligations | 5 years to 10 years
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 2,209
Fair Value	$ 2,134
Weighted Average Yield	3.41%
Securities backed by real estate
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 166	$ 645
Fair Value	$ 162	$ 673
Weighted Average Yield	1.84%	1.04%
Securities backed by real estate | 5 years to 10 years
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 2	$ 3
Fair Value	$ 2	$ 3
Weighted Average Yield	4.39%	2.78%
Securities backed by real estate | Greater than 10 years
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 164	$ 642
Fair Value	$ 160	$ 670
Weighted Average Yield	1.79%	1.03%

Loans - Summary of Loans (Detai

Loans - Summary of Loans (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans Receivable [Line Items]
Total loans, gross	$ 181,515		$ 162,135
Allowance for loan losses	(4,846)	$ (4,562)	(3,573)	$ (3,332)	$ (3,271)	$ (3,874)
Total loans	176,669		158,562
Total loans, gross, Fair Value	8,250		10,769
Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	166,465		143,507
Allowance for loan losses	(4,846)		(3,573)
Total loans	161,619		139,934
Fair Value
Loans Receivable [Line Items]
Allowance for loan losses	0		0
Total loans	8,250		10,769
Total loans, gross, Fair Value	8,250		10,769
Held For Sale
Loans Receivable [Line Items]
Allowance for loan losses	0		0
Total loans	6,800		7,859
Total loans, gross, Held For Sale	6,800		7,859
Corporate
Loans Receivable [Line Items]
Total loans, gross	63,181		55,927
Total loans, gross, Fair Value	1,844		2,492
Corporate | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	57,431		50,960
Corporate | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	1,844		2,492
Corporate | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	3,906		2,475
Wealth management
Loans Receivable [Line Items]
Total loans, gross	50,101		43,998
Total loans, gross, Fair Value	4,537		5,936
Wealth management | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	45,564		38,062
Wealth management | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	4,537		5,936
Wealth management | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	0		0
Commercial real estate
Loans Receivable [Line Items]
Total loans, gross	26,082		25,883
Total loans, gross, Fair Value	1,277		1,588
Commercial real estate | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	22,214		21,150
Commercial real estate | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	1,277		1,588
Commercial real estate | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	2,591		3,145
Residential real estate
Loans Receivable [Line Items]
Total loans, gross	14,342		15,913
Total loans, gross, Fair Value	257		320
Residential real estate | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	14,084		15,493
Residential real estate | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	257		320
Residential real estate | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	1		100
Installment
Loans Receivable [Line Items]
Total loans, gross	5,157		3,672
Installment | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	5,157		3,672
Installment | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	0		0
Installment | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	0		0
Credit cards
Loans Receivable [Line Items]
Total loans, gross	13,691		8,212
Increase in funded loans due to acquisition of GM credit card portfolio	2,000
Credit cards | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	13,691		8,212
Credit cards | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	0		0
Credit cards | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	0		0
Other
Loans Receivable [Line Items]
Total loans, gross	8,961		8,530
Total loans, gross, Fair Value	335		433
Other | Amortized Cost
Loans Receivable [Line Items]
Total loans, gross	8,324		5,958
Other | Fair Value
Loans Receivable [Line Items]
Total loans, gross, Fair Value	335		433
Other | Held For Sale
Loans Receivable [Line Items]
Total loans, gross, Held For Sale	$ 302		$ 2,139

Loans - Summary of Concentratio

Loans - Summary of Concentration of Secured and Unsecured Loans (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 181,515	$ 162,135
Loans at fair value	$ 8,250	$ 10,769
Concentration risk percentage	100%	100%
Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 63,181	$ 55,927
Loans at fair value	$ 1,844	$ 2,492
Concentration risk percentage	100%	100%
Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 50,101	$ 43,998
Loans at fair value	$ 4,537	$ 5,936
Concentration risk percentage	100%	100%
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 26,082	$ 25,883
Loans at fair value	$ 1,277	$ 1,588
Concentration risk percentage	100%	100%
Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 14,342	$ 15,913
Loans at fair value	$ 257	$ 320
Concentration risk percentage	100%	100%
Installment
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 5,157	$ 3,672
Concentration risk percentage	100%	100%
Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 13,691	$ 8,212
Concentration risk percentage	100%	100%
Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 8,961	$ 8,530
Loans at fair value	$ 335	$ 433
Concentration risk percentage	100%	100%
Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 181,515	$ 162,135
Internally rated loans | Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	63,181	55,927
Internally rated loans | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	50,101	43,998
Internally rated loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	26,082	25,883
Internally rated loans | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	14,342	15,913
Internally rated loans | Installment
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	5,157	3,672
Internally rated loans | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	13,691	8,212
Internally rated loans | Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	8,961	8,530
Amortized Cost
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	166,465	143,507
Amortized Cost | Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	57,431	50,960
Amortized Cost | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	45,564	38,062
Amortized Cost | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	22,214	21,150
Amortized Cost | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	14,084	15,493
Amortized Cost | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	13,691	8,212
Amortized Cost | Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	8,324	5,958
Amortized Cost | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	166,465	143,507
Fair Value
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	8,250	10,769
Fair Value | Corporate
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	1,844	2,492
Fair Value | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	4,537	5,936
Fair Value | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	1,277	1,588
Fair Value | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	257	320
Fair Value | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	0	0
Fair Value | Other
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	335	433
Fair Value | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	8,250	10,769
Held For Sale
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	6,800	7,859
Held For Sale | Corporate
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	3,906	2,475
Held For Sale | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	0	0
Held For Sale | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	2,591	3,145
Held For Sale | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	1	100
Held For Sale | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	0	0
Held For Sale | Other
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	302	2,139
Held For Sale | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	$ 6,800	$ 7,859
Loans Receivable | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	100%	100%
Loans Receivable | Secured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	80%	82%
Loans Receivable | Unsecured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	20%	18%
Loans Receivable | Investment-Grade | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 65,156	$ 54,874
Concentration risk percentage	100%	100%
Loans Receivable | Investment-Grade | Internally rated loans | Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 21,072	$ 15,370
Loans Receivable | Investment-Grade | Internally rated loans | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	36,376	31,476
Loans Receivable | Investment-Grade | Internally rated loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	2,586	3,986
Loans Receivable | Investment-Grade | Internally rated loans | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	935	1,112
Loans Receivable | Investment-Grade | Internally rated loans | Installment
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	0	0
Loans Receivable | Investment-Grade | Internally rated loans | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	0	0
Loans Receivable | Investment-Grade | Internally rated loans | Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 4,187	$ 2,930
Loans Receivable | Investment-Grade | Secured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	85%	85%
Loans Receivable | Investment-Grade | Unsecured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	15%	15%
Loans Receivable | Investment-Grade | Amortized Cost | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 62,336	$ 50,923
Loans Receivable | Investment-Grade | Fair Value | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	1,784	2,301
Loans Receivable | Investment-Grade | Held For Sale | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	1,036	1,650
Loans Receivable | Non-Investment- Grade | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 87,521	$ 84,560
Concentration risk percentage	100%	100%
Loans Receivable | Non-Investment- Grade | Internally rated loans | Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 42,033	$ 40,389
Loans Receivable | Non-Investment- Grade | Internally rated loans | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	6,090	5,730
Loans Receivable | Non-Investment- Grade | Internally rated loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	23,246	21,523
Loans Receivable | Non-Investment- Grade | Internally rated loans | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	12,406	13,779
Loans Receivable | Non-Investment- Grade | Internally rated loans | Installment
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	0	0
Loans Receivable | Non-Investment- Grade | Internally rated loans | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	0	0
Loans Receivable | Non-Investment- Grade | Internally rated loans | Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 3,746	$ 3,139
Loans Receivable | Non-Investment- Grade | Secured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	93%	92%
Loans Receivable | Non-Investment- Grade | Unsecured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	7%	8%
Loans Receivable | Non-Investment- Grade | Amortized Cost | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 78,212	$ 75,179
Loans Receivable | Non-Investment- Grade | Fair Value | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	3,606	4,634
Loans Receivable | Non-Investment- Grade | Held For Sale | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	5,703	4,747
Loans Receivable | Other Metrics/Unrated | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 28,838	$ 22,701
Concentration risk percentage	100%	100%
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Corporate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 76	$ 168
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Wealth management
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	7,635	6,792
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	250	374
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	1,001	1,022
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Installment
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	5,157	3,672
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	13,691	8,212
Loans Receivable | Other Metrics/Unrated | Internally rated loans | Other
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 1,028	$ 2,461
Loans Receivable | Other Metrics/Unrated | Secured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	31%	36%
Loans Receivable | Other Metrics/Unrated | Unsecured | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Concentration risk percentage	69%	64%
Loans Receivable | Other Metrics/Unrated | Amortized Cost | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 25,917	$ 17,405
Loans Receivable | Other Metrics/Unrated | Fair Value | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans at fair value	2,860	3,834
Loans Receivable | Other Metrics/Unrated | Held For Sale | Internally rated loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for sale	$ 61	$ 1,462

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Loans Receivable [Line Items]
Percentage of loans that were rated pass/non-criticized	93%		93%		92%
Change in allowance for credit losses	$ 318	$ 72	$ 1,240	$ (266)
Provision for credit losses related to pending acquisition				185
Fair value option gains/(losses)	3,993	801	14,950	(2,782)
Level 3
Loans Receivable [Line Items]
Net realized and unrealized gains/(losses)	(72)	7	(128)	41
Other principal transactions
Loans Receivable [Line Items]
Fair value option gains/(losses)	(168)	30	(363)	223
Other principal transactions | Level 3
Loans Receivable [Line Items]
Net realized and unrealized gains/(losses)	(83)	(7)	(148)	15
Loans Non-trading | Level 3
Loans Receivable [Line Items]
Net realized gains/(losses)	17	23	89	72
Net unrealized gains/(losses)	(89)	(16)	(217)	(31)
Interest income | Level 3
Loans Receivable [Line Items]
Net realized and unrealized gains/(losses)	$ 11	$ 14	$ 20	$ 26

Loans - Schedule of Credit Qual

Loans - Schedule of Credit Quality Indicators for Term Loans by Origination Year (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total	$ 181,515	$ 162,135
Percentage of total	100%	100%
All Classes except Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	$ 147,617	$ 131,623
Corporate
Financing Receivable, Recorded Investment [Line Items]
Total	63,181	55,927
Financing receivable revolving converted to term loan	$ 1,250	$ 0
Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
Percentage of total	42%	39%
Investment-Grade | All Classes except Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	$ 62,336	$ 50,923
Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
Percentage of total	53%	57%
Non-Investment- Grade | All Classes except Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	$ 78,212	$ 75,179
Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
Percentage of total	5%	4%
Other Metrics/ Unrated | All Classes except Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	$ 7,069	$ 5,521
Corporate
Financing Receivable, Recorded Investment [Line Items]
2022	7,876	15,163
2021	10,878	6,479
2020	5,580	4,400
2019	3,658	4,743
2018	3,897	2,590
2017 or earlier	4,089	1,967
Revolving	21,453	15,618
Total	57,431	50,960
Corporate | Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
2022	4,364	4,687
2021	3,847	1,911
2020	1,246	451
2019	325	1,842
2018	1,833	733
2017 or earlier	1,063	274
Revolving	7,259	3,800
Total	19,937	13,698
Corporate | Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
2022	3,512	10,424
2021	7,031	4,561
2020	4,334	3,949
2019	3,333	2,901
2018	2,064	1,857
2017 or earlier	3,026	1,693
Revolving	14,193	11,744
Total	37,493	37,129
Corporate | Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
2022	0	52
2021	0	7
2020	0	0
2019	0	0
2018	0	0
2017 or earlier	0	0
Revolving	1	74
Total	1	133
Wealth management
Financing Receivable, Recorded Investment [Line Items]
2022	3,559	3,856
2021	3,635	845
2020	899	889
2019	636	372
2018	392	411
2017 or earlier	1,154	808
Revolving	35,289	30,881
Total	45,564	38,062
Wealth management | Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
2022	1,886	1,405
2021	1,391	558
2020	522	537
2019	411	334
2018	356	380
2017 or earlier	686	565
Revolving	30,018	26,349
Total	35,270	30,128
Wealth management | Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
2022	766	1,186
2021	1,069	287
2020	377	352
2019	225	38
2018	36	31
2017 or earlier	468	243
Revolving	2,083	2,127
Total	5,024	4,264
Wealth management | Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
2022	907	1,265
2021	1,175	0
2020	0	0
2019	0	0
2018	0	0
2017 or earlier	0	0
Revolving	3,188	2,405
Total	5,270	3,670
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
2022	3,249	4,512
2021	3,656	2,017
2020	1,505	1,388
2019	1,250	1,036
2018	672	1,022
2017 or earlier	1,335	995
Revolving	10,547	10,180
Total	22,214	21,150
Commercial real estate | Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
2022	39	334
2021	219	127
2020	85	52
2019	47	207
2018	184	398
2017 or earlier	655	405
Revolving	863	1,768
Total	2,092	3,291
Commercial real estate | Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
2022	3,053	4,084
2021	3,437	1,890
2020	1,420	1,336
2019	1,203	829
2018	488	624
2017 or earlier	674	583
Revolving	9,684	8,412
Total	19,959	17,758
Commercial real estate | Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
2022	157	94
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017 or earlier	6	7
Revolving	0	0
Total	163	101
Residential real estate
Financing Receivable, Recorded Investment [Line Items]
2022	1,049	2,310
2021	1,578	920
2020	102	173
2019	101	249
2018	245	192
2017 or earlier	152	57
Revolving	10,857	11,592
Total	14,084	15,493
Residential real estate | Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
2022	97	113
2021	141	260
2020	0	0
2019	0	0
2018	0	8
2017 or earlier	6	0
Revolving	669	673
Total	913	1,054
Residential real estate | Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
2022	734	1,944
2021	1,208	557
2020	11	0
2019	0	84
2018	103	65
2017 or earlier	2	1
Revolving	10,188	10,919
Total	12,246	13,570
Residential real estate | Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
2022	218	253
2021	229	103
2020	91	173
2019	101	165
2018	142	119
2017 or earlier	144	56
Revolving	0	0
Total	925	869
Other
Financing Receivable, Recorded Investment [Line Items]
2022	198	955
2021	716	437
2020	350	44
2019	24	30
2018	23	13
2017 or earlier	9
Revolving	7,004	4,479
Total	8,324	5,958
Other | Investment-Grade
Financing Receivable, Recorded Investment [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017 or earlier	0
Revolving	4,124	2,752
Total	4,124	2,752
Other | Non-Investment- Grade
Financing Receivable, Recorded Investment [Line Items]
2022	84	694
2021	556	59
2020	30	25
2019	11	30
2018	13	5
2017 or earlier	4
Revolving	2,792	1,645
Total	3,490	2,458
Other | Other Metrics/ Unrated
Financing Receivable, Recorded Investment [Line Items]
2022	114	261
2021	160	378
2020	320	19
2019	13	0
2018	10	8
2017 or earlier	5
Revolving	88	82
Total	$ 710	$ 748

Loans - Summary of Consumer Loa

Loans - Summary of Consumer Loans by Refreshed FICO Credit Score (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total	$ 181,515	$ 162,135
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 18,848	$ 11,884
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
Installment
Financing Receivable, Recorded Investment [Line Items]
Total	$ 5,157	$ 3,672
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
Installment | FICO
Financing Receivable, Recorded Investment [Line Items]
2022	$ 3,069	$ 2,059
2021	1,373	705
2020	351	569
2019	239	299
2018	115	39
2017 or earlier	10	1
Total	$ 5,157	$ 3,672
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
Credit cards
Financing Receivable, Recorded Investment [Line Items]
Total	$ 13,691	$ 8,212
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
Credit cards | FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 13,691	$ 8,212
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100%	100%
Greater than or equal to 660 | FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 14,357	$ 9,580
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	76%	81%
Greater than or equal to 660 | Installment | FICO
Financing Receivable, Recorded Investment [Line Items]
2022	$ 2,951	$ 2,017
2021	1,271	665
2020	324	508
2019	210	257
2018	98	32
2017 or earlier	8	1
Total	$ 4,862	$ 3,480
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	94%	95%
Greater than or equal to 660 | Credit cards | FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 9,495	$ 6,100
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	69%	74%
Less than 660 | FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 4,491	$ 2,304
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	24%	19%
Less than 660 | Installment | FICO
Financing Receivable, Recorded Investment [Line Items]
2022	$ 118	$ 42
2021	102	40
2020	27	61
2019	29	42
2018	17	7
2017 or earlier	2	0
Total	$ 295	$ 192
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	6%	5%
Less than 660 | Credit cards | FICO
Financing Receivable, Recorded Investment [Line Items]
Total	$ 4,196	$ 2,112
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	31%	26%

Loans - Summary of Credit Conce

Loans - Summary of Credit Concentration by Region (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Product Information [Line Items]
Loans	$ 181,515	$ 162,135
Concentration risk percentage	100%	100%
Americas
Product Information [Line Items]
Concentration risk percentage	80%	76%
EMEA
Product Information [Line Items]
Concentration risk percentage	16%	19%
Asia
Product Information [Line Items]
Concentration risk percentage	4%	5%
Corporate
Product Information [Line Items]
Loans	$ 63,181	$ 55,927
Concentration risk percentage	100%	100%
Corporate | Americas
Product Information [Line Items]
Concentration risk percentage	64%	54%
Corporate | EMEA
Product Information [Line Items]
Concentration risk percentage	29%	38%
Corporate | Asia
Product Information [Line Items]
Concentration risk percentage	7%	8%
Wealth management
Product Information [Line Items]
Loans	$ 50,101	$ 43,998
Concentration risk percentage	100%	100%
Wealth management | Americas
Product Information [Line Items]
Concentration risk percentage	89%	87%
Wealth management | EMEA
Product Information [Line Items]
Concentration risk percentage	10%	10%
Wealth management | Asia
Product Information [Line Items]
Concentration risk percentage	1%	3%
Commercial real estate
Product Information [Line Items]
Loans	$ 26,082	$ 25,883
Concentration risk percentage	100%	100%
Commercial real estate | Americas
Product Information [Line Items]
Concentration risk percentage	79%	80%
Commercial real estate | EMEA
Product Information [Line Items]
Concentration risk percentage	16%	15%
Commercial real estate | Asia
Product Information [Line Items]
Concentration risk percentage	5%	5%
Residential real estate
Product Information [Line Items]
Loans	$ 14,342	$ 15,913
Concentration risk percentage	100%	100%
Residential real estate | Americas
Product Information [Line Items]
Concentration risk percentage	95%	95%
Residential real estate | EMEA
Product Information [Line Items]
Concentration risk percentage	3%	2%
Residential real estate | Asia
Product Information [Line Items]
Concentration risk percentage	2%	3%
Installment
Product Information [Line Items]
Loans	$ 5,157	$ 3,672
Concentration risk percentage	100%	100%
Installment | Americas
Product Information [Line Items]
Concentration risk percentage	100%	100%
Installment | EMEA
Product Information [Line Items]
Concentration risk percentage	0%	0%
Installment | Asia
Product Information [Line Items]
Concentration risk percentage	0%	0%
Credit cards
Product Information [Line Items]
Loans	$ 13,691	$ 8,212
Concentration risk percentage	100%	100%
Credit cards | Americas
Product Information [Line Items]
Concentration risk percentage	100%	100%
Credit cards | EMEA
Product Information [Line Items]
Concentration risk percentage	0%	0%
Credit cards | Asia
Product Information [Line Items]
Concentration risk percentage	0%	0%
Other
Product Information [Line Items]
Loans	$ 8,961	$ 8,530
Concentration risk percentage	100%	100%
Other | Americas
Product Information [Line Items]
Concentration risk percentage	89%	84%
Other | EMEA
Product Information [Line Items]
Concentration risk percentage	10%	15%
Other | Asia
Product Information [Line Items]
Concentration risk percentage	1%	1%
Funds
Product Information [Line Items]
Concentration risk percentage	23%	21%
Technology Media Telecommunications
Product Information [Line Items]
Concentration risk percentage	17%	18%
Diversified Industrials
Product Information [Line Items]
Concentration risk percentage	12%	13%
Natural Resources & Utilities
Product Information [Line Items]
Concentration risk percentage		9%
Financial Institutions
Product Information [Line Items]
Concentration risk percentage	8%	8%
Real estate
Product Information [Line Items]
Concentration risk percentage	8%

Loans - Summary of Past Due Loa

Loans - Summary of Past Due Loans (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans	$ 181,515	$ 162,135
Total divided by gross loans at amortized cost	0.80%	0.30%
Corporate
Financing Receivable, Past Due [Line Items]
Loans	$ 63,181	$ 55,927
Wealth management
Financing Receivable, Past Due [Line Items]
Loans	50,101	43,998
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	26,082	25,883
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	14,342	15,913
Installment
Financing Receivable, Past Due [Line Items]
Loans	5,157	3,672
Credit cards
Financing Receivable, Past Due [Line Items]
Loans	13,691	8,212
Other
Financing Receivable, Past Due [Line Items]
Loans	8,961	8,530
Past due
Financing Receivable, Past Due [Line Items]
Loans	1,276	474
Past due | Corporate
Financing Receivable, Past Due [Line Items]
Loans	141	95
Past due | Wealth management
Financing Receivable, Past Due [Line Items]
Loans	290	20
Past due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	340	150
Past due | Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	9	7
Past due | Installment
Financing Receivable, Past Due [Line Items]
Loans	46	27
Past due | Credit cards
Financing Receivable, Past Due [Line Items]
Loans	422	157
Past due | Other
Financing Receivable, Past Due [Line Items]
Loans	28	18
30-89 days
Financing Receivable, Past Due [Line Items]
Loans	571	136
30-89 days | Corporate
Financing Receivable, Past Due [Line Items]
Loans	12	5
30-89 days | Wealth management
Financing Receivable, Past Due [Line Items]
Loans	253	0
30-89 days | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	24	7
30-89 days | Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	2	3
30-89 days | Installment
Financing Receivable, Past Due [Line Items]
Loans	34	20
30-89 days | Credit cards
Financing Receivable, Past Due [Line Items]
Loans	226	86
30-89 days | Other
Financing Receivable, Past Due [Line Items]
Loans	20	15
90 days or more
Financing Receivable, Past Due [Line Items]
Loans	705	338
90 days or more | Corporate
Financing Receivable, Past Due [Line Items]
Loans	129	90
90 days or more | Wealth management
Financing Receivable, Past Due [Line Items]
Loans	37	20
90 days or more | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	316	143
90 days or more | Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	7	4
90 days or more | Installment
Financing Receivable, Past Due [Line Items]
Loans	12	7
90 days or more | Credit cards
Financing Receivable, Past Due [Line Items]
Loans	196	71
90 days or more | Other
Financing Receivable, Past Due [Line Items]
Loans	$ 8	$ 3

Loans - Summary of Nonaccrual L

Loans - Summary of Nonaccrual Loans (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	$ 2,251	$ 2,469
Total divided by gross loans at amortized cost	1.40%	1.70%
Nonaccrual loans allowance for loans losses divided by total	215.30%	144.70%
30 days or more past due
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	$ 598	$ 254
Corporate
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	1,422	1,559
Wealth management
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	213	21
Commercial real estate
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	574	841
Residential real estate
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	4	5
Installment
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	38	43
Corporate and Commercial Real Estate Loans
Financing Receivable, Impaired [Line Items]
Loans modified in troubled debt restructuring	$ 212	$ 267

Loans - Summary of Loans and Le

Loans - Summary of Loans and Lending Commitments Accounted for at Amortized Cost by Portfolio (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Loans Receivable [Line Items]
Loans	$ 181,515	$ 162,135
Lending Commitments	216,644	197,120
Corporate
Loans Receivable [Line Items]
Loans	63,181	55,927
Wealth management
Loans Receivable [Line Items]
Loans	50,101	43,998
Commercial real estate
Loans Receivable [Line Items]
Loans	26,082	25,883
Residential real estate
Loans Receivable [Line Items]
Loans	14,342	15,913
Other
Loans Receivable [Line Items]
Loans	8,961	8,530
Installment
Loans Receivable [Line Items]
Loans	5,157	3,672
Credit cards
Loans Receivable [Line Items]
Loans	13,691	8,212
Increase in credit card lending commitments	15,000
Commitment to acquire loan portfolio		2,000
Credit card receivables issued to customers
Loans Receivable [Line Items]
Lending Commitments	60,660	33,970
Wholesale and Consumer Portfolio Segment
Loans Receivable [Line Items]
Loans	166,465	143,507
Lending Commitments	216,644	197,120
Wholesale
Loans Receivable [Line Items]
Nonaccrual loans, for which allowance for credit losses was measured	2,210	2,430
Nonaccrual loans, allowance for credit losses	449	543
Nonaccrual loans, for which no allowance for credit losses required	313	140
Wholesale | Corporate
Loans Receivable [Line Items]
Loans	57,431	50,960
Lending Commitments	139,946	143,296
Wholesale | Wealth management
Loans Receivable [Line Items]
Loans	45,564	38,062
Lending Commitments	4,638	4,091
Wholesale | Commercial real estate
Loans Receivable [Line Items]
Loans	22,214	21,150
Lending Commitments	2,715	4,306
Wholesale | Residential real estate
Loans Receivable [Line Items]
Loans	14,084	15,493
Lending Commitments	2,793	3,317
Wholesale | Other
Loans Receivable [Line Items]
Loans	8,324	5,958
Lending Commitments	4,940	6,169
Consumer | Installment
Loans Receivable [Line Items]
Loans	5,157	3,672
Lending Commitments	957	9
Consumer | Credit cards
Loans Receivable [Line Items]
Loans	13,691	8,212
Lending Commitments	$ 60,655	$ 35,932

Loans - Summary of Changes in A

Loans - Summary of Changes in Allowance for Credit Losses (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for loan losses
Beginning balance	$ 4,562	$ 3,271	$ 3,573	$ 3,874
Net (charge-offs)/recoveries	(172)	(76)	(475)	(202)
Provision	481	164	1,777	(281)
Other	(25)	(27)	(29)	(59)
Ending balance	$ 4,846	$ 3,332	$ 4,846	$ 3,332
Allowance ratio	2.90%	2.60%	2.90%	2.60%
Net charge-off ratio	0.40%	0.20%	0.40%	0.20%
Allowance for losses on lending commitments
Beginning balance	$ 705	$ 822	$ 776	$ 557
Provision	34	11	(34)	294
Other			(3)	(18)
Ending balance	739	833	739	833
Wholesale
Allowance for loan losses
Beginning balance	2,458	2,173	2,135	2,584
Net (charge-offs)/recoveries	(43)	(40)	(189)	(49)
Provision	78	25	551	(345)
Other	(25)	(27)	(29)	(59)
Ending balance	$ 2,468	$ 2,131	$ 2,468	$ 2,131
Allowance ratio	1.70%	1.80%	1.70%	1.80%
Net charge-off ratio	0.10%	0.10%	0.20%	0.10%
Allowance for losses on lending commitments
Beginning balance	$ 702	$ 636	$ 589	$ 557
Provision	(10)	13	106	110
Other			(3)	(18)
Ending balance	692	649	692	649
Consumer
Allowance for loan losses
Beginning balance	2,104	1,098	1,438	1,290
Net (charge-offs)/recoveries	(129)	(36)	(286)	(153)
Provision	403	139	1,226	64
Other	0	0	0	0
Ending balance	$ 2,378	$ 1,201	$ 2,378	$ 1,201
Allowance ratio	12.60%	12.40%	12.60%	12.40%
Net charge-off ratio	2.90%	1.60%	2.50%	2.40%
Allowance for losses on lending commitments
Beginning balance	$ 3	$ 186	$ 187	$ 0
Provision	44	(2)	(140)	184
Other			0	0
Ending balance	$ 47	$ 184	$ 47	$ 184

Loans - Schedule of Forecasted

Loans - Schedule of Forecasted Economic Scenarios (Detail) - Forecast - United States	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Third Quarter of 2023
Schedule Of Forecasted Economic Scenarios [Line Items]
Maximum estimated unemployment rate			7.40%
Second Quarter of 2023
Schedule Of Forecasted Economic Scenarios [Line Items]
Maximum decline in gross domestic rate relative to expected rate				2.10%
U.S. unemployment rate
Schedule Of Forecasted Economic Scenarios [Line Items]
Allowance for credit losses forecast model inputs		4.10%		4%	3.80%
Growth in U.S. GDP
Schedule Of Forecasted Economic Scenarios [Line Items]
Allowance for credit losses forecast model inputs	1.50%	0.80%			1.50%

Loans - Fair Value of Loans Hel

Loans - Fair Value of Loans Held for Investment by Level (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	$ 8,250	$ 10,769
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	6,192	8,415
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	2,058	2,354
Corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	1,844	2,492
Corporate | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Corporate | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	1,101	1,655
Corporate | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	743	837
Wealth management
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	4,537	5,936
Wealth management | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Wealth management | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	4,474	5,873
Wealth management | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	63	63
Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	1,277	1,588
Commercial real estate | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Commercial real estate | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	432	605
Commercial real estate | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	845	983
Residential real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	257	320
Residential real estate | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Residential real estate | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	162	115
Residential real estate | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	95	205
Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	335	433
Other | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	0	0
Other | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	23	167
Other | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total loans, gross, Fair Value	$ 312	$ 266

Loans - Summary of Weighted Ave

Loans - Summary of Weighted Average of Significant Unobservable Inputs (Detail) $ in Millions	Sep. 30, 2022 USD ($) yr	Dec. 31, 2021 USD ($) yr
Loans at fair value | $	$ 8,250	$ 10,769
Level 3
Loans at fair value | $	2,058	2,354
Corporate
Loans at fair value | $	1,844	2,492
Corporate | Level 3
Loans at fair value | $	743	837
Commercial real estate
Loans at fair value | $	1,277	1,588
Commercial real estate | Level 3
Loans at fair value | $	845	983
Residential real estate
Loans at fair value | $	257	320
Residential real estate | Level 3
Loans at fair value | $	95	205
Wealth management and other | Level 3
Loans at fair value | $	$ 375	$ 329
Minimum | Yield | Corporate | Level 3
Measurement input	0.020	0.015
Minimum | Yield | Commercial real estate | Level 3
Measurement input	0.014	0.032
Minimum | Yield | Residential real estate | Level 3
Measurement input	0.038	0.021
Minimum | Yield | Wealth management and other | Level 3
Measurement input	0.057	0.036
Minimum | Recovery rate | Corporate | Level 3
Measurement input	0.150	0.150
Minimum | Recovery rate | Commercial real estate | Level 3
Measurement input	0.036	0.041
Minimum | Duration (years) | Corporate | Level 3
Measurement input	0.3	0.9
Minimum | Duration (years) | Commercial real estate | Level 3
Measurement input	0.3	0.4
Minimum | Duration (years) | Residential real estate | Level 3
Measurement input	0.3	0.1
Minimum | Duration (years) | Wealth management and other | Level 3
Measurement input	2.9	2.9
Maximum | Yield | Corporate | Level 3
Measurement input	0.250	0.556
Maximum | Yield | Commercial real estate | Level 3
Measurement input	0.270	0.187
Maximum | Yield | Residential real estate | Level 3
Measurement input	0.170	0.200
Maximum | Yield | Wealth management and other | Level 3
Measurement input	0.130	0.187
Maximum | Recovery rate | Corporate | Level 3
Measurement input	0.950	0.920
Maximum | Recovery rate | Commercial real estate | Level 3
Measurement input	0.235	0.995
Maximum | Duration (years) | Corporate | Level 3
Measurement input	3.5	6.8
Maximum | Duration (years) | Commercial real estate | Level 3
Measurement input	4.8	4
Maximum | Duration (years) | Residential real estate | Level 3
Measurement input	7.3	2.4
Maximum | Duration (years) | Wealth management and other | Level 3
Measurement input	5.4	5.5
Weighted Average | Yield | Corporate | Level 3
Measurement input	0.107	0.149
Weighted Average | Yield | Commercial real estate | Level 3
Measurement input	0.141	0.126
Weighted Average | Yield | Residential real estate | Level 3
Measurement input	0.138	0.161
Weighted Average | Yield | Wealth management and other | Level 3
Measurement input	0.087	0.071
Weighted Average | Recovery rate | Corporate | Level 3
Measurement input	0.436	0.408
Weighted Average | Recovery rate | Commercial real estate | Level 3
Measurement input	0.168	0.414
Weighted Average | Duration (years) | Corporate | Level 3
Measurement input	2.6	2.7
Weighted Average | Duration (years) | Commercial real estate | Level 3
Measurement input	2.1	1.7
Weighted Average | Duration (years) | Residential real estate | Level 3
Measurement input	2.4	1
Weighted Average | Duration (years) | Wealth management and other | Level 3
Measurement input	3.9	3.6

Loans - Summary of Changes in F

Loans - Summary of Changes in Fair Value for Level 3 Loans (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loans Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 2,347	$ 2,229	$ 2,354	$ 2,678
Net realized gains/(losses)	17	23	89	72
Net unrealized gains/(losses)	(89)	(16)	(217)	(31)
Purchases	7	74	212	140
Sales	(18)	(13)	(61)	(17)
Settlements	(156)	(181)	(429)	(555)
Transfers into level 3	141	93	272	181
Transfers out of level 3	(191)	(10)	(162)	(269)
Ending balance	2,058	2,199	2,058	2,199
Corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	958	852	837	929
Net realized gains/(losses)	9	11	21	21
Net unrealized gains/(losses)	(10)	(16)	(31)	(24)
Purchases	7	17	121	63
Sales	(18)	(13)	(53)	(13)
Settlements	(78)	(81)	(141)	(208)
Transfers into level 3	41	15	78	103
Transfers out of level 3	(166)	(10)	(89)	(96)
Ending balance	743	775	743	775
Commercial real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	891	920	983	1,104
Net realized gains/(losses)	6	9	47	33
Net unrealized gains/(losses)	(70)	11	(149)	(15)
Purchases	0	0	69	19
Sales	0	0	(7)	(3)
Settlements	(57)	(82)	(162)	(227)
Transfers into level 3	100	78	109	78
Transfers out of level 3	(25)	0	(45)	(53)
Ending balance	845	936	845	936
Residential real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	116	118	205	260
Net realized gains/(losses)	1	3	0	6
Net unrealized gains/(losses)	(9)	1	(18)	(36)
Purchases	0	57	4	58
Sales	0	0	(1)	(1)
Settlements	(13)	(13)	(87)	(45)
Transfers into level 3	0	0	19	0
Transfers out of level 3	0	0	(27)	(76)
Ending balance	95	166	95	166
Wealth management and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	382	339	329	385
Net realized gains/(losses)	1	0	21	12
Net unrealized gains/(losses)	0	(12)	(19)	44
Purchases	0	0	18	0
Settlements	(8)	(5)	(39)	(75)
Transfers into level 3	0	0	66	0
Transfers out of level 3	0	0	(1)	(44)
Ending balance	$ 375	$ 322	$ 375	$ 322

Loans - Summary of Estimated Fa

Loans - Summary of Estimated Fair Value of Loans and Lending Commitments that are not Accounted for at Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans	$ 176,669	$ 158,562
Amortized Cost
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans	161,619	139,934
Loans, Estimated Fair Value, Level 3	163,232	141,803
Amortized Cost | Level 2
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value, Level 1	85,846	87,676
Amortized Cost | Level 3
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value, Level 2	77,386	54,127
Held For Sale
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans	6,800	7,859
Loans held for sale	6,800	7,859
Loans held for sale, Estimated Fair Value, Level 3	6,810	7,887
Held For Sale | Level 2
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans held for sale, Estimated Fair Value, Level 1	3,589	5,970
Held For Sale | Level 3
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans held for sale, Estimated Fair Value, Level 2	$ 3,221	$ 1,917

Fair Value Option - Financial A

Fair Value Option - Financial Assets and Financial Liabilities by Level (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	$ 182,502	$ 205,703
Securities borrowed	42,506	39,955
Customer and other receivables	25	42
Total financial assets at fair value	225,033	245,700
Deposits	(23,587)	(35,425)
Repurchase agreements	(159,690)	(165,883)
Securities loaned	(7,444)	(9,170)
Other secured financings	(14,240)	(17,074)
Unsecured borrowings: Short-term	(32,470)	(29,832)
Unsecured borrowings: Long-term	(65,358)	(52,390)
Other liabilities	(462)	(359)
Total financial liabilities at fair value	(303,251)	(310,133)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Total financial assets at fair value	0	0
Deposits	0	0
Repurchase agreements	0	0
Securities loaned	0	0
Other secured financings	0	0
Unsecured borrowings: Short-term	0	0
Unsecured borrowings: Long-term	0	0
Other liabilities	0	0
Total financial liabilities at fair value	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	182,502	205,703
Securities borrowed	42,506	39,955
Customer and other receivables	25	42
Total financial assets at fair value	225,033	245,700
Deposits	(20,858)	(31,812)
Repurchase agreements	(159,690)	(165,883)
Securities loaned	(7,444)	(9,170)
Other secured financings	(12,370)	(14,508)
Unsecured borrowings: Short-term	(27,958)	(22,003)
Unsecured borrowings: Long-term	(55,685)	(42,977)
Other liabilities	(381)	(213)
Total financial liabilities at fair value	(284,386)	(286,566)
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Total financial assets at fair value	0	0
Deposits	(2,729)	(3,613)
Repurchase agreements	0	0
Securities loaned	0	0
Other secured financings	(1,870)	(2,566)
Unsecured borrowings: Short-term	(4,512)	(7,829)
Unsecured borrowings: Long-term	(9,673)	(9,413)
Other liabilities	(81)	(146)
Total financial liabilities at fair value	$ (18,865)	$ (23,567)

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) yr	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) yr	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) yr
Fair Value [Line Items]
Total contractual amount of unfunded commitments for which the fair value option was elected	$ 574		$ 574		$ 611
Net gain/(loss) attributable to changes in instrument-specific credit spreads on loans and lending commitments for which the fair value option was elected	(75)	$ 87	(182)	$ 290
Unsecured long-term borrowings
Fair Value [Line Items]
Difference between aggregate contractual principal amount of long-term debt instruments for which the fair value option was elected and related fair value	$ 6,260		$ 6,260		$ 0
Minimum | Other secured financings | Level 3 | Yield
Fair Value [Line Items]
Other secured financing measurement input	0.035		0.035		0.013
Minimum | Other secured financings | Level 3 | Duration (years)
Fair Value [Line Items]
Other secured financing measurement input | yr	0.9		0.9		0.6
Maximum | Other secured financings | Level 3 | Yield
Fair Value [Line Items]
Other secured financing measurement input	0.083		0.083		0.064
Maximum | Other secured financings | Level 3 | Duration (years)
Fair Value [Line Items]
Other secured financing measurement input | yr	4.3		4.3		7.1
Weighted Average | Other secured financings | Level 3 | Yield
Fair Value [Line Items]
Other secured financing measurement input	0.047		0.047		0.021
Weighted Average | Other secured financings | Level 3 | Duration (years)
Fair Value [Line Items]
Other secured financing measurement input | yr	2.5		2.5		3.7
Other Financial Liabilities
Fair Value [Line Items]
Net realized and unrealized gains/(losses) on liabilities	$ 1,450	638	$ 5,760	434
Net realized gains/(losses) on liabilities	(90)	(181)	(222)	(388)
Net unrealized gains/(losses)	1,538	819	5,977	822
Net realized gains/(losses) included in earnings	(90)	(181)	(222)	(388)
Other Financial Liabilities | Unsecured long-term borrowings
Fair Value [Line Items]
Net unrealized gains/(losses)	1,034	289	4,028	348
Net realized gains/(losses) included in earnings	(23)	(64)	(71)	(196)
Other Financial Liabilities | Other secured financings
Fair Value [Line Items]
Net unrealized gains/(losses)	86	30	177	71
Net realized gains/(losses) included in earnings	(13)	3	(18)	(1)
Other Financial Liabilities | Debt valuation adjustment
Fair Value [Line Items]
Net realized gains/(losses) included in comprehensive income	262	25	924	33
Other Financial Liabilities | Market making
Fair Value [Line Items]
Net realized gains/(losses) included in earnings	1,130	599	4,690	366
Other Financial Liabilities | Other principal transactions
Fair Value [Line Items]
Net realized gains/(losses) included in earnings	69	19	155	49
Other Financial Liabilities | Interest expense
Fair Value [Line Items]
Net realized gains/(losses) included in earnings	(7)	$ (5)	(14)	$ (14)
Written loan commitment, fair value option
Fair Value [Line Items]
Fair value of unfunded commitments for which the fair value option was elected	17		17		$ 20
Secured long term borrowings
Fair Value [Line Items]
Difference between aggregate contractual principal amount of long-term debt instruments for which the fair value option was elected and related fair value	$ 201		$ 201		$ 0

Fair Value Option - Level 3 Rol

Fair Value Option - Level 3 Rollforward (Detail) - Other Financial Liabilities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ (19,114)	$ (28,136)	$ (23,567)	$ (28,058)
Net realized gains/(losses)	(90)	(181)	(222)	(388)
Net unrealized gains/(losses)	1,538	819	5,977	822
Issuances	(3,296)	(4,856)	(9,486)	(11,797)
Settlements	2,691	6,742	8,548	13,325
Transfers into level 3	(1,494)	(570)	(2,562)	(745)
Transfers out of level 3	900	1,845	2,447	2,504
Ending balance	(18,865)	(24,337)	(18,865)	(24,337)
Deposits
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(2,789)	(3,908)	(3,613)	(4,221)
Net realized gains/(losses)	0	(8)	(7)	(23)
Net unrealized gains/(losses)	135	74	466	(28)
Issuances	(261)	(144)	(735)	(341)
Settlements	259	307	1,041	904
Transfers into level 3	(89)	0	(20)	(23)
Transfers out of level 3	16	42	139	95
Ending balance	(2,729)	(3,637)	(2,729)	(3,637)
Repurchase agreements
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	0	0	(2)
Settlements	0	0	0	2
Ending balance	0	0	0	0
Other secured financings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(1,412)	(2,891)	(2,566)	(3,474)
Net realized gains/(losses)	(13)	3	(18)	(1)
Net unrealized gains/(losses)	86	30	177	71
Issuances	(406)	(43)	(545)	(101)
Settlements	22	414	527	657
Transfers into level 3	(147)	(233)	(110)	(243)
Transfers out of level 3	0	80	665	451
Ending balance	(1,870)	(2,640)	(1,870)	(2,640)
Unsecured short-term borrowings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(5,209)	(11,461)	(7,829)	(7,523)
Net realized gains/(losses)	(54)	(112)	(126)	(168)
Net unrealized gains/(losses)	286	429	1,241	334
Issuances	(1,165)	(3,453)	(3,582)	(8,042)
Settlements	1,747	4,846	5,443	6,399
Transfers into level 3	(528)	(200)	(470)	(183)
Transfers out of level 3	411	1,282	811	514
Ending balance	(4,512)	(8,669)	(4,512)	(8,669)
Unsecured long-term borrowings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(9,626)	(9,714)	(9,413)	(12,576)
Net realized gains/(losses)	(23)	(64)	(71)	(196)
Net unrealized gains/(losses)	1,034	289	4,028	348
Issuances	(1,464)	(1,216)	(4,624)	(3,313)
Settlements	663	1,175	1,537	5,363
Transfers into level 3	(730)	(137)	(1,962)	(296)
Transfers out of level 3	473	441	832	1,444
Ending balance	(9,673)	(9,226)	(9,673)	(9,226)
Other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(78)	(162)	(146)	(262)
Net unrealized gains/(losses)	(3)	(3)	65	97
Ending balance	$ (81)	$ (165)	$ (81)	$ (165)

Fair Value Option - Gains and L

Fair Value Option - Gains and Losses on Other Financial Assets and Financial Liabilities at Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option gains/(losses)	$ 3,993	$ 801	$ 14,950	$ (2,782)
Unsecured short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option gains/(losses)	1,114	875	5,379	(935)
Unsecured long-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option gains/(losses)	2,445	(128)	8,316	(1,830)
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option gains/(losses)	$ 434	$ 54	$ 1,255	$ (17)

Fair Value Option - Summary of

Fair Value Option - Summary of DVA Gains/(Losses) on Financial Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
After tax DVA	$ 673	$ 67	$ 2,601	$ 165
Other Financial Liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Pre-tax DVA	907	92	3,488	222
After tax DVA	$ 673	$ 67	$ 2,601	$ 165

Fair Value Option - Loans and L

Fair Value Option - Loans and Lending Commitments (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Aggregate contractual principal in excess of fair value	$ 3,208	$ 1,373
Aggregate contractual principal in excess of fair value	6,319	8,600
Aggregate fair value	$ 2,555	$ 3,559

Collateralized Agreements and_3

Collateralized Agreements and Financings - Offsetting Arrangements (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Collateralized Agreements And Financings [Abstract]
Resale agreements, Gross carrying value	$ 274,034	$ 334,725
Resale agreements, Counterparty Netting	(91,532)	(129,022)
Resale agreements	182,502	205,703
Resale agreements, Counterparty Netting	(23,623)	(27,376)
Resale agreements, Collateral	(152,988)	(173,915)
Resale agreements	5,891	4,412
Securities borrowed, Gross carrying value	198,548	190,197
Securities borrowed, Counterparty Netting	(1,580)	(11,426)
Securities borrowed	196,968	178,771
Securities borrowed, Counterparty Netting	(7,827)	(12,822)
Securities borrowed, Collateral	(177,823)	(157,752)
Securities borrowed	11,318	8,197
Repurchase agreements, Gross carrying value	251,222	294,905
Repurchase agreements, Counterparty Netting	(91,532)	(129,022)
Repurchase agreements	159,690	165,883
Repurchase agreements, Counterparty Netting	(23,623)	(27,376)
Repurchase agreements, Collateral	(133,537)	(134,465)
Repurchase agreements	2,530	4,042
Securities loaned, Gross carrying value	45,402	57,931
Securities loaned, Counterparty Netting	(1,580)	(11,426)
Securities loaned	43,822	46,505
Securities loaned, Counterparty Netting	(7,827)	(12,822)
Securities loaned, Collateral	(34,824)	(33,143)
Securities loaned	$ 1,171	$ 540

Collateralized Agreements and_4

Collateralized Agreements and Financings - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Secured Financings [Line Items]
Securities borrowed at fair value	$ 42,506	$ 39,955
Securities loaned at fair value	7,444	9,170
Other secured financings	15,595	18,544
Transfers of financial assets accounted for as financings included in other secured financings	1,640	1,970
Financings collateralized by financial assets	1,620	2,020
Other secured financings collateralized by financial instruments	9,030	10,370
Other secured financings collateralized by trading assets, investments and loans	627	2,450
Securities segregated for regulatory and other purposes	54,710	41,490
Nonrecourse
Other Secured Financings [Line Items]
Other secured financings	8,190	8,640
Non-U.S. Dollar
Other Secured Financings [Line Items]
Other secured financings	$ 5,298	$ 8,232
Weighted average interest rates, short term	0.22%	0.22%
Weighted average interest rates, long term	0.46%	0.46%
U.S. Dollar
Other Secured Financings [Line Items]
Other secured financings	$ 10,297	$ 10,312
Weighted average interest rates, short term	4.13%
Weighted average interest rates, long term	4.01%	1.06%

Collateralized Agreements and_5

Collateralized Agreements and Financings - Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned by Class of Collateral Pledged (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Repurchase agreements	$ 251,222	$ 294,905
Securities loaned	45,402	57,931
Money market instruments
Offsetting Liabilities [Line Items]
Repurchase agreements	1,132	328
Securities loaned	0	14
U.S. government and agency obligations
Offsetting Liabilities [Line Items]
Repurchase agreements	134,142	132,049
Securities loaned	443	503
Non-U.S. government and agency obligations
Offsetting Liabilities [Line Items]
Repurchase agreements	89,464	126,397
Securities loaned	958	1,254
Securities backed by commercial real estate
Offsetting Liabilities [Line Items]
Repurchase agreements	211	362
Securities loaned	30	0
Securities backed by residential real estate
Offsetting Liabilities [Line Items]
Repurchase agreements	278	919
Securities loaned	0	0
Corporate debt securities
Offsetting Liabilities [Line Items]
Repurchase agreements	15,370	11,034
Securities loaned	428	510
State and municipal obligations
Offsetting Liabilities [Line Items]
Repurchase agreements	50	248
Securities loaned	0	0
Other debt obligations
Offsetting Liabilities [Line Items]
Repurchase agreements	104	374
Securities loaned	25	0
Equity securities
Offsetting Liabilities [Line Items]
Repurchase agreements	10,471	23,194
Securities loaned	$ 43,518	$ 55,650

Collateralized Agreements and_6

Collateralized Agreements and Financings - Schedule of Repurchase Agreements and Securities Loaned by Maturity Date (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Repurchase agreements	$ 251,222	$ 294,905
Securities loaned	45,402	$ 57,931
No stated maturity and overnight
Offsetting Liabilities [Line Items]
Repurchase agreements	96,905
Securities loaned	26,459
2 - 30 days
Offsetting Liabilities [Line Items]
Repurchase agreements	67,705
Securities loaned	611
31 - 90 days
Offsetting Liabilities [Line Items]
Repurchase agreements	31,650
Securities loaned	863
91 days - 1 year
Offsetting Liabilities [Line Items]
Repurchase agreements	44,190
Securities loaned	11,102
Greater than 1 year
Offsetting Liabilities [Line Items]
Repurchase agreements	10,772
Securities loaned	$ 6,367

Collateralized Agreements and_7

Collateralized Agreements and Financings - Other Secured Financings (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Secured Financings [Line Items]
Other secured financings (short-term): At fair value	$ 7,184	$ 8,979
Other secured financings (short-term): At amortized cost	735	191
Other secured financings (long-term): At fair value	7,056	8,095
Other secured financings (long-term): At amortized cost	620	1,279
Total other secured financings	15,595	18,544
Other secured financings collateralized by: Financial instruments	9,653	12,824
Other secured financings collateralized by: Other assets	5,942	5,720
U.S. Dollar
Other Secured Financings [Line Items]
Other secured financings (short-term): At fair value	4,983	5,315
Other secured financings (short-term): At amortized cost	583	0
Other secured financings (long-term): At fair value	4,470	4,170
Other secured financings (long-term): At amortized cost	261	827
Total other secured financings	10,297	10,312
Other secured financings collateralized by: Financial instruments	5,381	5,990
Other secured financings collateralized by: Other assets	4,916	4,322
Non-U.S. Dollar
Other Secured Financings [Line Items]
Other secured financings (short-term): At fair value	2,201	3,664
Other secured financings (short-term): At amortized cost	152	191
Other secured financings (long-term): At fair value	2,586	3,925
Other secured financings (long-term): At amortized cost	359	452
Total other secured financings	5,298	8,232
Other secured financings collateralized by: Financial instruments	4,272	6,834
Other secured financings collateralized by: Other assets	$ 1,026	$ 1,398

Collateralized Agreements and_8

Collateralized Agreements and Financings - Other Secured Financings by Maturity Date (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Secured Financings By Maturity Period [Line Items]
Other secured financings (short-term)	$ 7,919
Total other secured financings (long-term)	7,676
Total other secured financings	15,595	$ 18,544
Other secured financings (long-term):
Other Secured Financings By Maturity Period [Line Items]
2023	917
2024	2,229
2025	934
2026	1,457
2027	132
2028 - thereafter	$ 2,007

Collateralized Agreements and_9

Collateralized Agreements and Financings - Financial Instruments Received as Collateral and Repledged (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Collateralized Agreements And Financings [Abstract]
Collateral available to be delivered or repledged	$ 898,556	$ 1,057,195
Collateral that was delivered or repledged	$ 741,587	$ 875,213

Collateralized Agreements an_10

Collateralized Agreements and Financings - Assets Pledged as Collateral (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Trading assets	$ 383,975	$ 375,916
Investments	126,963	88,719
Loans	176,669	158,562
Other assets	39,245	34,608
Pledged to counterparties that had the right to deliver or repledge | Repurchase agreements
Offsetting Liabilities [Line Items]
Trading assets	77,130	68,208
Investments	20,375	12,840
Pledged to counterparties that did not have the right to deliver or repledge | Repurchase agreements
Offsetting Liabilities [Line Items]
Trading assets	92,793	102,259
Investments	22,220	8,683
Loans	7,307	6,808
Other assets	$ 8,464	$ 8,878

Other Assets - Other Assets (De

Other Assets - Other Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Assets [Abstract]
Property, leasehold improvements and equipment	$ 17,167	$ 18,094
Goodwill	6,288	4,285
Identifiable intangible assets	1,963	418
Operating lease right-of-use assets	2,067	2,292
Income tax-related assets	5,394	3,860
Miscellaneous receivables and other	6,366	5,659
Total	$ 39,245	$ 34,608
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total	Total

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Other Assets [Line Items]
Goodwill	$ 6,288		$ 6,288		$ 4,285
Accumulated depreciation and amortization	11,870		11,870		10,810
Property, leasehold improvements and equipment used for operation	7,200		7,200		6,710
Foreclosed real estate included in property, leasehold improvements and equipment	142		$ 142		194
Amortization period - capitalized costs of software developed or obtained for internal use			3 years
Investments in qualified affordable housing projects	751		$ 751		714
Assets classified as held for sale	1,510		1,510		$ 1,020
Property, leasehold improvements and equipment
Schedule Of Other Assets [Line Items]
Impairment of property leasehold improvements and equipment	106	$ 0	130	$ 134
Other
Schedule Of Other Assets [Line Items]
Identifiable intangible assets			$ 1,770
Identifiable intangible assets weighted average remaining life in years			13 years
2022 Acquisitions
Schedule Of Other Assets [Line Items]
Consideration transferred			$ 3,830
GreenSky, Inc
Schedule Of Other Assets [Line Items]
Goodwill	1,050		1,050
Intangible assets	710		710
Tangible assets	960		960
Liabilities assumed	990		990
NN Investment Partners
Schedule Of Other Assets [Line Items]
Goodwill	890		890
Intangible assets	900		900
Tangible assets	540		540
Liabilities assumed	510		510
Operating lease right-of-use assets
Schedule Of Other Assets [Line Items]
Right-of-use assets recognized	$ 52	$ 86	$ 168	$ 230

Other Assets - Carrying Value o

Other Assets - Carrying Value of Goodwill (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 6,288	$ 4,285
Investment Banking
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	281	281
FICC
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	269	269
Equities
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	2,637	2,638
Asset Management
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	1,299	349
Consumer banking
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	1,102	48
Wealth management
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 700	$ 700

Other Assets - Identifiable Int

Other Assets - Identifiable Intangible Assets by Reporting Unit and Type (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 3,613	$ 1,960
Accumulated amortization	(1,650)	(1,542)
Net carrying value	1,963	418
Customer lists and merchant relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	3,126	1,460
Accumulated amortization	(1,229)	(1,130)
Net carrying value	1,897	330
Acquired leases and other
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	487	500
Accumulated amortization	(421)	(412)
Net carrying value	66	88
FICC
Finite-Lived Intangible Assets [Line Items]
Net carrying value	1	1
Equities
Finite-Lived Intangible Assets [Line Items]
Net carrying value	40	43
Asset Management
Finite-Lived Intangible Assets [Line Items]
Net carrying value	938	122
Consumer banking
Finite-Lived Intangible Assets [Line Items]
Net carrying value	764	0
Wealth management
Finite-Lived Intangible Assets [Line Items]
Net carrying value	$ 220	$ 252

Other Assets - Amortization of

Other Assets - Amortization of Identifiable Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Assets [Abstract]
Amortization	$ 54	$ 22	$ 124	$ 89

Other Assets - Estimated Future

Other Assets - Estimated Future Amortization (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Other Assets [Abstract]
Remainder of 2022	$ 48
2023	193
2024	181
2025	164
2026	156
2027	$ 155

Deposits - Types and Sources of

Deposits - Types and Sources of Deposits (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Deposits [Line Items]
Savings and Demand	$ 294,235	$ 261,435
Time	100,498	102,792
Total	394,733	364,227
Consumer
Deposits [Line Items]
Savings and Demand	91,884	89,150
Time	21,566	20,533
Total	113,450	109,683
Private bank
Deposits [Line Items]
Savings and Demand	81,585	85,427
Time	13,397	9,665
Total	94,982	95,092
Brokered certificates of deposit
Deposits [Line Items]
Savings and Demand	0	0
Time	37,578	30,816
Total	37,578	30,816
Deposit sweep programs
Deposits [Line Items]
Savings and Demand	46,165	37,965
Time	0	0
Total	46,165	37,965
Transaction banking
Deposits [Line Items]
Savings and Demand	73,139	48,618
Time	5,572	5,689
Total	78,711	54,307
Other
Deposits [Line Items]
Savings and Demand	1,462	275
Time	22,385	36,089
Total	$ 23,847	$ 36,364

Deposits - Types and Sources _2

Deposits - Types and Sources of Deposits, Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Deposits at fair value	$ 23,587	$ 35,425
Weighted average maturity of time deposits	10 months 24 days	10 months 24 days
Deposits insured by the FDIC	$ 187,640	$ 156,660
Deposits insured by non-U.S. Insurance Programs	$ 27,200	$ 31,440

Deposits - Location of Deposits

Deposits - Location of Deposits (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
U.S. offices	$ 323,048	$ 283,705
Non-U.S. offices	71,685	80,522
Total	$ 394,733	$ 364,227

Deposits - Maturities of Time D

Deposits - Maturities of Time Deposits (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Time Deposits By Maturity [Line Items]
Remainder of 2022	$ 31,214
2023	49,495
2024	10,292
2025	3,981
2026	2,672
2027	1,259
2028 - thereafter	1,585
Total	100,498	$ 102,792
U.S.
Time Deposits By Maturity [Line Items]
Remainder of 2022	16,347
2023	37,121
2024	10,198
2025	3,782
2026	2,432
2027	1,089
2028 - thereafter	1,270
Total	72,239
Non-U.S.
Time Deposits By Maturity [Line Items]
Remainder of 2022	14,867
2023	12,374
2024	94
2025	199
2026	240
2027	170
2028 - thereafter	315
Total	$ 28,259

Deposits - Additional Informati

Deposits - Additional Information (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Deposits [Abstract]
Total domestic time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance	$ 20,620
Total foreign time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance	$ 26,680

Unsecured Borrowings - Schedule

Unsecured Borrowings - Schedule of Unsecured Borrowings (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Unsecured short-term borrowings	$ 51,850	$ 46,955
Unsecured long-term borrowings	239,965	254,092
Total	$ 291,815	$ 301,047

Unsecured Borrowings - Unsecure

Unsecured Borrowings - Unsecured Short-Term Borrowings (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Current portion of unsecured long-term borrowings	$ 28,306	$ 18,118
Hybrid financial instruments	16,322	20,073
Commercial paper	5,152	6,730
Other unsecured short-term borrowings	2,070	2,034
Total unsecured short-term borrowings	$ 51,850	$ 46,955
Weighted average interest rate	2.74%	2.34%

Unsecured Borrowings - Unsecu_2

Unsecured Borrowings - Unsecured Long-Term Borrowings (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Fixed-rate obligations	$ 155,582	$ 172,942
Floating-rate obligations	84,383	81,150
Total	$ 239,965	254,092
Unsecured long term borrowings, maturities, end of range	2065
Unsecured Debt
Debt Instrument [Line Items]
Total	$ 239,965
U.S. Dollar
Debt Instrument [Line Items]
Fixed-rate obligations	119,962	126,534
Floating-rate obligations	55,812	50,995
Total	$ 175,774	$ 177,529
U.S. Dollar | Minimum | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	0.63%	0.48%
U.S. Dollar | Maximum | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	6.75%	7.68%
U.S. Dollar | Weighted Average | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	3.39%	3.34%
Non-U.S. Dollar
Debt Instrument [Line Items]
Fixed-rate obligations	$ 35,620	$ 46,408
Floating-rate obligations	28,571	30,155
Total	$ 64,191	$ 76,563
Non-U.S. Dollar | Minimum | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	0.13%	0.13%
Non-U.S. Dollar | Maximum | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	13%	13%
Non-U.S. Dollar | Weighted Average | Unsecured Debt
Debt Instrument [Line Items]
Interest rate	1.84%	1.86%

Unsecured Borrowings - Unsecu_3

Unsecured Borrowings - Unsecured Long-Term Borrowings by Maturity Date (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total	$ 239,965	$ 254,092
Amount related to interest rate hedges on certain unsecured long-term borrowings	(15,250)
2023	(9)
2024	(513)
2025	(1,260)
2026	(801)
2027	(1,660)
2028 - thereafter	(11,010)
Unsecured Debt
Debt Instrument [Line Items]
2023	14,609
2024	40,828
2025	34,203
2026	20,824
2027	27,937
2028 - thereafter	101,564
Total	$ 239,965

Unsecured Borrowings - Unsecu_4

Unsecured Borrowings - Unsecured Long-Term Borrowings after Hedging (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Fixed-rate obligations: At fair value	$ 5,692	$ 4,863
Fixed-rate obligations: At amortized cost	5,411	30,370
Floating-rate obligations: At fair value	59,666	47,527
Floating-rate obligations: At amortized cost	169,196	171,332
Total	$ 239,965	$ 254,092
Effective weighted average interest rates for unsecured long-term borrowings, after hedging - total	3.80%	1.60%
Effective weighted average interest rates for unsecured long-term borrowings, after hedging fixed rate obligations	4.30%	2.25%
Effective weighted average interest rates for unsecured long-term borrowings, after hedging floating rate obligations	3.78%	1.48%

Unsecured Borrowings - Addition

Unsecured Borrowings - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2004
Debt Instrument [Line Items]
Unsecured long-term borrowings for which the firm did not elect the fair value option	$ 174,610	$ 174,610	$ 201,700
Fair value of unsecured long-term borrowings	170,270	$ 170,270	$ 209,370
Subordinated debt | Minimum
Debt Instrument [Line Items]
Subordinated debt maturities, range		2025	2025
Subordinated debt | Maximum
Debt Instrument [Line Items]
Subordinated debt maturities, range		2045	2045
Goldman Sachs Capital I
Debt Instrument [Line Items]
Junior subordinated debentures issued to Goldman Sachs Capital I (Trust)				$ 2,840
Guaranteed preferred beneficial interests issued to third parties				2,750
Common beneficial interests issued to Group Inc.				$ 85
Junior subordinated debt, outstanding par amount	968	$ 968	$ 968
Trust Preferred Securities, outstanding par amount	939	939	939
Common beneficial interests, outstanding par amount	$ 29	$ 29	$ 29
Interest rate on junior subordinated debt issued to third parties	6.345%	6.345%
Maturity date of junior subordinated debt held by certain third parties	Feb. 15, 2034

Unsecured Borrowings - Subordin

Unsecured Borrowings - Subordinated Borrowings (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total subordinated Borrowings, par amount	$ 13,086	$ 13,405
Total subordinated Borrowings	$ 12,797	$ 16,892
Effective weighted average interest rate on subordinated borrowings, after hedging	4.49%	1.71%
Subordinated debt
Debt Instrument [Line Items]
Subordinated debt, par amount	$ 12,118	$ 12,437
Subordinated debt outstanding	$ 11,745	$ 15,571
Effective weighted average interest rate of subordinated debt after hedging	4.54%	1.74%
Junior subordinated debt
Debt Instrument [Line Items]
Subordinated debt, par amount	$ 968	$ 968
Junior subordinated debt	$ 1,052	$ 1,321
Effective weighted average interest rate of junior subordinated debt, after hedging	3.76%	1.31%

Other Liabilities - Other Liabi

Other Liabilities - Other Liabilities by Type (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Compensation and benefits	$ 6,217	$ 10,838
Income tax-related liabilities	3,274	2,360
Operating lease liabilities	2,057	2,288
Noncontrolling interests	824	840
Employee interests in consolidated funds	28	29
Accrued expenses and other	8,479	8,146
Total	$ 20,879	$ 24,501
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total	Total

Other Liabilities - Information

Other Liabilities - Information About Operating Lease Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Remainder of year	$ 76
Year 1	327	$ 305
Year 2	299	307
Year 3	261	284
Year 4	217	258
Year 5		216
Year 5 and thereafter	1,543
After year 5		1,655
Total undiscounted lease payments	2,723	3,025
Imputed interest	(666)	(737)
Total operating lease liabilities	$ 2,057	$ 2,288
Weighted average remaining lease term	13 years	14 years
Weighted average discount rate	3.60%	3.61%

Other Liabilities - Additional

Other Liabilities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Other Liabilities Disclosure [Line Items]
Operating lease costs	$ 111	$ 118	$ 348	$ 348
Lease payments related to operating lease arrangements not yet commenced	1,430		1,430
Contract liabilities	145		145		$ 0
Asset Management
Other Liabilities Disclosure [Line Items]
Liabilities classified as held for sale related to consolidated investments	$ 380		$ 380		$ 310

Securitization Activities - Amo

Securitization Activities - Amount of Financial Assets Securitized and Cash Flows Received on Retained Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transfers and Servicing [Abstract]
Residential mortgages	$ 6,128	$ 9,888	$ 25,069	$ 19,894
Commercial mortgages	2,306	3,066	13,820	13,832
Other financial assets	902	2,353	3,519	4,017
Total financial assets securitized	9,336	15,307	42,408	37,743
Retained interests cash flows	$ 125	$ 204	$ 428	$ 452

Securitization Activities - Add

Securitization Activities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Assets securitized in a non-cash exchange for loans and investments	$ 382	$ 266	$ 781	$ 679
Net asset related to other continuing involvement	115		115		$ 81
Notional amount related to other continuing involvement	1,800		1,800		1,810
Fair value of retained interests	4,830		4,830		3,570
Other retained interests
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Fair value of retained interests	408		$ 408		$ 360
Weighted average life (years)			6 years 1 month 6 days		3 years 7 months 6 days
Maximum exposure to adverse changes in the value of other retained interests	$ 425		$ 425		$ 360

Securitization Activities - Fir

Securitization Activities - Firms Continuing Involvement in Securitization Entities to Which Firm Sold Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding Principal Amount	$ 136,562	$ 115,351
Retained Interests	4,908	3,552
Purchased Interests	271	266
Fair value of retained interests	4,830	3,570
U.S. government agency-issued CMOs
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding Principal Amount	39,848	33,984
Retained Interests	1,899	955
Purchased Interests	0	3
Other residential mortgage-backed
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding Principal Amount	27,703	23,262
Retained Interests	1,233	1,114
Purchased Interests	129	96
Other commercial mortgage-backed
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding Principal Amount	59,919	50,350
Retained Interests	1,351	1,123
Purchased Interests	108	130
Corporate debt and other asset-backed
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding Principal Amount	9,092	7,755
Retained Interests	425	360
Purchased Interests	$ 34	$ 37

Securitization Activities - Wei

Securitization Activities - Weighted Average Key Economic Assumptions Used in Measuring Fair Value of Firm's Retained Interests and Sensitivity of This Fair Value to Immediate Adverse Changes (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of retained interests	$ 4,830	$ 3,570
Mortgage-backed retained interests
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of retained interests	$ 4,421	$ 3,209
Weighted average life (years)	6 years 7 months 6 days	5 years 1 month 6 days
Constant prepayment rate	8.40%	14.10%
Impact of 10% adverse change	$ (28)	$ (38)
Impact of 20% adverse change	$ (52)	$ (69)
Discount rate	7.60%	5.60%
Impact of 10% adverse change	$ (131)	$ (49)
Impact of 20% adverse change	$ (251)	$ (96)

Variable Interest Entities - No

Variable Interest Entities - Nonconsolidated Variable Interest Entities (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total assets	$ 1,555,994	$ 1,601,224	$ 1,463,988
Total liabilities	1,436,704	$ 1,483,353	1,354,062
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets in VIEs	184,515		176,809
Total assets	12,035		9,582
Total liabilities	791		928
Maximum exposure to loss:	22,481		20,384
Retained interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	4,908		3,552
Purchased interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	916		1,071
Commitments and guarantees | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	2,642		2,440
Derivatives | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	8,128		8,682
Debt and equity | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	5,887		4,639
Mortgage-backed | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets in VIEs	129,580		120,343
Total assets	4,892		4,147
Maximum exposure to loss:	4,965		4,199
Mortgage-backed | Retained interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	4,483		3,192
Mortgage-backed | Purchased interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	408		955
Mortgage-backed | Commitments and guarantees | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	61		34
Mortgage-backed | Derivatives | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	13		18
Real estate, credit- and power-related and other investing | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets in VIEs	27,198		26,867
Total assets	4,105		3,923
Total liabilities	2		8
Maximum exposure to loss:	6,224		6,017
Real estate, credit- and power-related and other investing | Commitments and guarantees | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	2,061		2,030
Real estate, credit- and power-related and other investing | Derivatives | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	61		64
Real estate, credit- and power-related and other investing | Debt and equity | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	4,102		3,923
Corporate debt and other asset-backed | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets in VIEs	20,700		18,391
Total assets	2,757		1,156
Total liabilities	789		920
Maximum exposure to loss:	10,856		9,683
Corporate debt and other asset-backed | Retained interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	425		360
Corporate debt and other asset-backed | Purchased interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	508		116
Corporate debt and other asset-backed | Commitments and guarantees | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	367		250
Corporate debt and other asset-backed | Derivatives | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	8,052		8,597
Corporate debt and other asset-backed | Debt and equity | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	1,504		360
Investments in funds | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets in VIEs	7,037		11,208
Total assets	281		356
Maximum exposure to loss:	436		485
Investments in funds | Commitments and guarantees | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	153		126
Investments in funds | Derivatives | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	2		3
Investments in funds | Debt and equity | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss:	$ 281		$ 356

Variable Interest Entities - Co

Variable Interest Entities - Consolidated Variable Interest Entities (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 284,251		$ 261,036
Customer and other receivables	165,421		160,673
Trading assets	383,975		375,916
Investments	126,963		88,719
Loans	176,669		158,562
Other assets	39,245		34,608
Total assets	1,555,994	$ 1,601,224	1,463,988
Liabilities
Other secured financings	15,595		18,544
Customer and other payables	278,457		251,931
Trading liabilities	231,713		181,424
Unsecured short-term borrowings	51,850		46,955
Unsecured long-term borrowings	239,965		254,092
Other liabilities	20,879		24,501
Total liabilities	1,436,704	$ 1,483,353	1,354,062
Total consolidated VIEs | Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	918		501
Customer and other receivables	11		0
Trading assets	145		122
Investments	98		153
Loans	1,293		1,988
Other assets	298		314
Total assets	2,763		3,078
Liabilities
Other secured financings	1,348		1,143
Customer and other payables	5		34
Trading liabilities	1		7
Unsecured short-term borrowings	46		146
Unsecured long-term borrowings	23		81
Other liabilities	128		163
Total liabilities	1,551		1,574
Real estate, credit-related and other investing | Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	301		274
Customer and other receivables	11		0
Trading assets	30		16
Investments	98		153
Loans	1,293		1,988
Other assets	298		314
Total assets	2,031		2,745
Liabilities
Other secured financings	132		150
Customer and other payables	5		34
Trading liabilities	1		7
Other liabilities	128		163
Total liabilities	266		354
Corporate debt and other asset-backed | Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	617		227
Trading assets	70		17
Total assets	687		244
Liabilities
Other secured financings	940		602
Total liabilities	940		602
Principal-protected notes | Variable Interest Entity, Primary Beneficiary
Assets
Trading assets	45		89
Total assets	45		89
Liabilities
Other secured financings	276		391
Unsecured short-term borrowings	46		146
Unsecured long-term borrowings	23		81
Total liabilities	$ 345		$ 618

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees - Commitments (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Commitment Liabilities [Line Items]
Total lending	$ 222,937	$ 211,552
Risk participations	9,486	10,016
Collateralized agreement	104,691	101,031
Collateralized financing	33,858	29,561
Investment	7,246	11,381
Other	12,514	9,143
Total commitments	390,732	372,684
Remainder of 2022
Commitment Liabilities [Line Items]
Total lending	66,189
Risk participations	243
Collateralized agreement	95,230
Collateralized financing	30,495
Investment	1,110
Other	9,315
Total commitments	202,582
2023 - 2024
Commitment Liabilities [Line Items]
Total lending	48,841
Risk participations	5,852
Collateralized agreement	9,461
Collateralized financing	3,363
Investment	1,325
Other	2,923
Total commitments	71,765
2025 - 2026
Commitment Liabilities [Line Items]
Total lending	67,574
Risk participations	2,261
Collateralized agreement	0
Collateralized financing	0
Investment	509
Other	28
Total commitments	70,372
2027 - Thereafter
Commitment Liabilities [Line Items]
Total lending	40,333
Risk participations	1,130
Collateralized agreement	0
Collateralized financing	0
Investment	4,302
Other	248
Total commitments	46,013
Investment-grade commercial lending
Commitment Liabilities [Line Items]
Total lending	95,229	95,585
Investment-grade commercial lending | Remainder of 2022
Commitment Liabilities [Line Items]
Total lending	3,472
Investment-grade commercial lending | 2023 - 2024
Commitment Liabilities [Line Items]
Total lending	26,957
Investment-grade commercial lending | 2025 - 2026
Commitment Liabilities [Line Items]
Total lending	41,053
Investment-grade commercial lending | 2027 - Thereafter
Commitment Liabilities [Line Items]
Total lending	23,747
Non-investment-grade commercial lending
Commitment Liabilities [Line Items]
Total lending	57,231	69,635
Non-investment-grade commercial lending | Remainder of 2022
Commitment Liabilities [Line Items]
Total lending	2,040
Non-investment-grade commercial lending | 2023 - 2024
Commitment Liabilities [Line Items]
Total lending	15,452
Non-investment-grade commercial lending | 2025 - 2026
Commitment Liabilities [Line Items]
Total lending	23,532
Non-investment-grade commercial lending | 2027 - Thereafter
Commitment Liabilities [Line Items]
Total lending	16,207
Warehouse financing
Commitment Liabilities [Line Items]
Total lending	8,865	10,391
Warehouse financing | Remainder of 2022
Commitment Liabilities [Line Items]
Total lending	0
Warehouse financing | 2023 - 2024
Commitment Liabilities [Line Items]
Total lending	5,497
Warehouse financing | 2025 - 2026
Commitment Liabilities [Line Items]
Total lending	2,989
Warehouse financing | 2027 - Thereafter
Commitment Liabilities [Line Items]
Total lending	379
Consumer
Commitment Liabilities [Line Items]
Total lending	61,612	$ 35,941
Consumer | Remainder of 2022
Commitment Liabilities [Line Items]
Total lending	60,677
Consumer | 2023 - 2024
Commitment Liabilities [Line Items]
Total lending	935
Consumer | 2025 - 2026
Commitment Liabilities [Line Items]
Total lending	0
Consumer | 2027 - Thereafter
Commitment Liabilities [Line Items]
Total lending	$ 0

Commitments, Contingencies an_4

Commitments, Contingencies and Guarantees - Lending Commitments (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Held for investment	$ 216,644	$ 197,120
Held for sale	4,820	13,175
At fair value	1,473	1,257
Total	$ 222,937	$ 211,552

Commitments, Contingencies an_5

Commitments, Contingencies and Guarantees - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Summary Of Commitments And Contingent Liabilities [Line Items]
Lending commitments allowance	$ 739	$ 776	$ 705	$ 833	$ 822	$ 557
Estimated fair value of lending commitments liabilities	6,700	4,170
Carrying value of lending commitments liabilities	130	91
Commercial lending commitments	222,937	211,552
Lending Commitments	216,644	197,120
Other commitments	12,514	9,143
Commitments to invest in funds managed by the firm	1,340	1,600
Unsecured Installment Loans
Summary Of Commitments And Contingent Liabilities [Line Items]
Other commitments	957	9
NN Investment Partners
Summary Of Commitments And Contingent Liabilities [Line Items]
Investment commitments		1,900
GreenSky, Inc
Summary Of Commitments And Contingent Liabilities [Line Items]
Investment commitments		2,000
GreenSky, Inc | Other Commitment
Summary Of Commitments And Contingent Liabilities [Line Items]
Undrawn commitments		600
Credit card receivables issued to customers
Summary Of Commitments And Contingent Liabilities [Line Items]
Lending Commitments	60,660	33,970
Consumer
Summary Of Commitments And Contingent Liabilities [Line Items]
Increase in credit card lending commitments related to acquisition of co-branded credit card portfolio	15,000
Commitment related to General Motors co-branded credit card portfolio		2,000
Securities Lending Indemnification
Summary Of Commitments And Contingent Liabilities [Line Items]
Maximum payout of indemnifications	14,040	11,050
Collateral held by lenders in connection with securities lending indemnifications	14,500	11,360
Amortized Cost
Summary Of Commitments And Contingent Liabilities [Line Items]
Carrying value of lending commitments liabilities	958	1,050
Amortized Cost | Level 2
Summary Of Commitments And Contingent Liabilities [Line Items]
Estimated fair value of lending commitments liabilities	4,000	1,910
Amortized Cost | Level 3
Summary Of Commitments And Contingent Liabilities [Line Items]
Estimated fair value of lending commitments liabilities	2,700	2,260
Commercial Lending, Relationship Lending Activities
Summary Of Commitments And Contingent Liabilities [Line Items]
Commercial lending commitments	123,830	120,990
Commercial Lending, Other Investment Banking Activities
Summary Of Commitments And Contingent Liabilities [Line Items]
Commercial lending commitments	10,270	$ 21,070
GS Malaysia Development Berhad | Guarantee Obligations
Summary Of Commitments And Contingent Liabilities [Line Items]
Agreement in principle to extend a guarantee related to legal and regulatory proceedings	1,400
Interim payment	250
Assets and proceeds received by counterparty	500
Repayments for other financial guarantees	1,400
GS Malaysia Development Berhad | Guarantee Obligations | Government of Malaysia
Summary Of Commitments And Contingent Liabilities [Line Items]
Assets and proceeds received by counterparty	500
Asset adjustment by counterparty	$ 80

Commitments, Contingencies an_6

Commitments, Contingencies and Guarantees - Guarantees (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivatives
Guarantor Obligations [Line Items]
Carrying Value of Net Liability	$ 7,849	$ 3,406
Maximum Payout/Notional Amount by Period of Expiration	238,307	166,197
Carrying value of derivatives included derivative assets	682	1,100
Carrying value of derivatives included derivative liabilities	8,530	4,510
Derivatives | Remainder of 2022
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	21,519	68,212
Derivatives | 2023 - 2024
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	145,915	48,273
Derivatives | 2025 - 2026
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	37,383	19,706
Derivatives | 2027 - thereafter
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	33,490	30,006
Securities lending and clearing
Guarantor Obligations [Line Items]
Carrying Value of Net Liability	0	0
Maximum Payout/Notional Amount by Period of Expiration	14,041	11,046
Securities lending and clearing | Remainder of 2022
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	14,041	11,046
Securities lending and clearing | 2023 - 2024
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0	0
Securities lending and clearing | 2025 - 2026
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0	0
Securities lending and clearing | 2027 - thereafter
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0	0
Other financial guarantees
Guarantor Obligations [Line Items]
Carrying Value of Net Liability	400	234
Maximum Payout/Notional Amount by Period of Expiration	7,053	6,591
Other financial guarantees | Remainder of 2022
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	499	871
Other financial guarantees | 2023 - 2024
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	3,757	3,608
Other financial guarantees | 2025 - 2026
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	2,376	2,015
Other financial guarantees | 2027 - thereafter
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	$ 421	$ 97

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended			6 Months Ended	9 Months Ended
	Oct. 17, 2022	Oct. 10, 2022	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Equity [Line Items]
Common stock, shares authorized (in shares)			4,000,000,000				4,000,000,000		4,000,000,000
Authorized shares of nonvoting common shares (in shares)			200,000,000				200,000,000		200,000,000
Common stock, par value (in dollars per share)			$ 0.01				$ 0.01		$ 0.01
Nonvoting common stock, par value (in dollars per share)			0.01				$ 0.01		$ 0.01
Shares remitted by employees to satisfy minimum statutory employee tax withholding (in shares)							11,644
Total value of shares remitted							$ 4
Amount of share-based awards cancelled to satisfy minimum statutory employee tax withholding requirements (in shares)							4,600,000
Value of share-based awards cancelled to satisfy minimum statutory employee tax withholding requirements							$ 1,590
Dividends declared per common share (in dollars per share)			$ 2.50		$ 2		$ 6.50	$ 4.50
Redemption value			$ 10,703				$ 10,703
Date of dividends declared on preferred shares							Oct. 10, 2022
GreenSky, Inc
Equity [Line Items]
Number of shares issued (in shares)				5,500,000
Number of shares issue or issuable subject to future service (in shares)				325,000
Subsequent Event
Equity [Line Items]
Dividends declared per common share (in dollars per share)	$ 2.50
Series N Preferred Stock
Equity [Line Items]
Dividend rate						6.30%
Redemption value						$ 675
Redemption price per share (in dollars per share)						$ 25,000
Preferred stock dividends declared (in dollars per share)							$ 0	787.50
Series M Preferred Stock
Equity [Line Items]
Dividend rate						5.375%
Redemption value						$ 2,000
Redemption price per share (in dollars per share)						$ 25,000
Difference between the redemption value of Preferred Stock and the net carrying value at the time of redemption						$ 41
Series A Preferred Stock
Equity [Line Items]
Redemption value			$ 750				$ 750
Preferred stock dividends declared (in dollars per share)			$ 239.58		239.58		$ 710.93	710.93
Series A Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		$ 239.58
Series C Preferred Stock
Equity [Line Items]
Redemption value			$ 200				$ 200
Preferred stock dividends declared (in dollars per share)			$ 255.56		255.56		$ 758.34	758.34
Series C Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		255.56
Series D Preferred Stock
Equity [Line Items]
Redemption value			$ 1,350				$ 1,350
Preferred stock dividends declared (in dollars per share)			$ 255.56		255.56		$ 758.34	758.34
Series D Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		255.56
Series J Preferred Stock
Equity [Line Items]
Redemption value			$ 1,000				$ 1,000
Preferred stock dividends declared (in dollars per share)			$ 343.75		343.75		$ 1,031.25	1,031.25
Series J Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		343.75
Series K Preferred Stock
Equity [Line Items]
Redemption value			$ 700				$ 700
Preferred stock dividends declared (in dollars per share)			$ 398.44		398.44		$ 1,195.32	1,195.32
Series K Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		398.44
Series Q Preferred Stock
Equity [Line Items]
Redemption value			$ 500				$ 500
Preferred stock dividends declared (in dollars per share)			$ 687.50		687.50		$ 1,375	1,375
Series R Preferred Stock
Equity [Line Items]
Redemption value			$ 600				$ 600
Preferred stock dividends declared (in dollars per share)			$ 618.75		618.75		$ 1,237.5	1,237.5
Series S Preferred Stock
Equity [Line Items]
Redemption value			$ 350				$ 350
Preferred stock dividends declared (in dollars per share)			$ 550		550		$ 1,100	1,100
Series U Preferred Stock
Equity [Line Items]
Redemption value			$ 750				$ 750
Preferred stock dividends declared (in dollars per share)			$ 456.25		0		$ 942.92	0
Series E Preferred Stock
Equity [Line Items]
Redemption value			$ 767				$ 767
Preferred stock dividends declared (in dollars per share)			$ 1,022.22		1,022.22		$ 3,044.44	3,044.44
Series E Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		1,011.11
Series F Preferred Stock
Equity [Line Items]
Redemption value			$ 161				$ 161
Preferred stock dividends declared (in dollars per share)			$ 1,022.22		$ 1,022.22		$ 3,044.44	3,044.44
Series F Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		1,011.11
Series O Preferred Stock
Equity [Line Items]
Redemption value			$ 650				$ 650
Preferred stock dividends declared (in dollars per share)							$ 662.50	662.50
Series O Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		662.50
Series P Preferred Stock
Equity [Line Items]
Redemption value			1,500				$ 1,500
Preferred stock dividends declared (in dollars per share)							$ 625	625
Series P Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		625
Series T Preferred Stock
Equity [Line Items]
Redemption value			675				$ 675
Preferred stock dividends declared (in dollars per share)							$ 475	0
Series T Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		475
Series V Preferred Stock
Equity [Line Items]
Redemption value			$ 750				$ 750
Preferred stock dividends declared (in dollars per share)							$ 547.14	$ 0
Series V Preferred Stock | Subsequent Event | Group Inc.
Equity [Line Items]
Preferred stock dividends declared (in dollars per share)		$ 515.63

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Amount of Common Stock Repurchased by the Firm (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity [Abstract]
Common share repurchases (in shares)	3	2.5	5.9	14.1
Average cost per share (in dollars per share)	$ 332.32	$ 395.28	$ 337.32	$ 333.61
Total cost of common share repurchases	$ 1,000	$ 1,000	$ 2,000	$ 4,700

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Dividends Declared on Common Stock (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 2.50	$ 2	$ 6.50	$ 4.50

Shareholders' Equity - Summar_3

Shareholders' Equity - Summary of Perpetual Preferred Stock Issued and Outstanding (Detail) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Class of Stock [Line Items]
Shares Authorized (in shares)	472,700
Shares Issued (in shares)	400,282
Shares Outstanding (in shares)	400,280
Redemption Value ($ in millions) | $	$ 10,703
Series A Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	50,000
Shares Issued (in shares)	30,000
Shares Outstanding (in shares)	29,999
Depositary Shares Per Share (in shares)	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 750
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series C Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	25,000
Shares Issued (in shares)	8,000
Shares Outstanding (in shares)	8,000
Depositary Shares Per Share (in shares)	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 200
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series D Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	60,000
Shares Issued (in shares)	54,000
Shares Outstanding (in shares)	53,999
Depositary Shares Per Share (in shares)	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 1,350
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series E Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	17,500
Shares Issued (in shares)	7,667
Shares Outstanding (in shares)	7,667
Earliest Redemption Date	Currently redeemable
Liquidation Preference (in dollars per share) | $ / shares	$ 100,000
Redemption Value ($ in millions) | $	$ 767
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series F Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	5,000
Shares Issued (in shares)	1,615
Shares Outstanding (in shares)	1,615
Earliest Redemption Date	Currently redeemable
Liquidation Preference (in dollars per share) | $ / shares	$ 100,000
Redemption Value ($ in millions) | $	$ 161
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series J Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	46,000
Shares Issued (in shares)	40,000
Shares Outstanding (in shares)	40,000
Depositary Shares Per Share (in shares)	1,000
Earliest Redemption Date	May 10, 2023
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 1,000
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series K Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	32,200
Shares Issued (in shares)	28,000
Shares Outstanding (in shares)	28,000
Depositary Shares Per Share (in shares)	1,000
Earliest Redemption Date	May 10, 2024
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 700
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series O Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	26,000
Shares Issued (in shares)	26,000
Shares Outstanding (in shares)	26,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Nov. 10, 2026
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 650
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series P Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	66,000
Shares Issued (in shares)	60,000
Shares Outstanding (in shares)	60,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Nov. 10, 2022
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 1,500
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series Q Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	20,000
Shares Issued (in shares)	20,000
Shares Outstanding (in shares)	20,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Aug. 10, 2024
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 500
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series R Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	24,000
Shares Issued (in shares)	24,000
Shares Outstanding (in shares)	24,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Feb. 10, 2025
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 600
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series S Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	14,000
Shares Issued (in shares)	14,000
Shares Outstanding (in shares)	14,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Feb. 10, 2025
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 350
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series T Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	27,000
Shares Issued (in shares)	27,000
Shares Outstanding (in shares)	27,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	May 10, 2026
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 675
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series U Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	30,000
Shares Issued (in shares)	30,000
Shares Outstanding (in shares)	30,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Aug. 10, 2026
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 750
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01
Series V Preferred Stock
Class of Stock [Line Items]
Shares Authorized (in shares)	30,000
Shares Issued (in shares)	30,000
Shares Outstanding (in shares)	30,000
Depositary Shares Per Share (in shares)	25
Earliest Redemption Date	Nov. 10, 2026
Liquidation Preference (in dollars per share) | $ / shares	$ 25,000
Redemption Value ($ in millions) | $	$ 750
Par value on preferred stock (in dollars per share) | $ / shares	$ 0.01

Shareholders' Equity - Summar_4

Shareholders' Equity - Summary of Dividend Rates of Perpetual Preferred Stock Issued and Outstanding (Detail)	9 Months Ended
	Sep. 30, 2022
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3 month LIBOR + 0.75%, with floor of 3.75%, payable quarterly
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3 month LIBOR + 0.75%, with floor of 4.00%, payable quarterly
Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3 month LIBOR + 0.67%, with floor of 4.00%, payable quarterly
Series E Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3 month LIBOR + 0.7675%, with floor of 4.00%, payable quarterly
Series F Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3 month LIBOR + 0.77%, with floor of 4.00%, payable quarterly
Series J Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	5.50% to, but excluding, May 10, 2023; 3 month LIBOR + 3.64% thereafter, payable quarterly
Series K Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	6.375% to, but excluding, May 10, 2024; 3 month LIBOR + 3.55% thereafter, payable quarterly
Series O Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	5.30%, payable semi-annually, from issuance date to, but excluding,November 10, 2026; 3 month LIBOR + 3.834%, payable quarterly, thereafter
Series P Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	5.00%, payable semi-annually, from issuance date to, but excluding,November 10, 2022; 3 month LIBOR + 2.874%, payable quarterly, thereafter
Series Q Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	5.50%, payable semi-annually, from issuance date to, but excluding, August 10, 2024; 5 year treasury rate + 3.623%, payable semi-annually, thereafter
Series R Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	4.95%, payable semi-annually, from issuance date to, but excluding, February 10, 2025; 5 year treasury rate + 3.224%, payable semi-annually, thereafter
Series S Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	4.40%, payable semi-annually, from issuance date to, but excluding,February 10, 2025; 5 year treasury rate + 2.85%, payable semi-annually thereafter
Series T Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3.80%, payable semi-annually, from issuance date to, but excluding, May 10, 2026; 5 year treasury rate + 2.969%, payable semi-annually, thereafter
Series U Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	3.65%, payable semi-annually, from issuance date to, but excluding, August 10, 2026; 5 year treasury rate + 2.915%, payable semi-annually, thereafter
Series V Preferred Stock
Class of Stock [Line Items]
Preferred stock dividend rate	4.125%, payable semi-annually, from issuance date to, but excluding, November 10, 2026; 5 year treasury rate + 2.949%, payable semi-annually, thereafter

Shareholders' Equity - Summar_5

Shareholders' Equity - Summary of Preferred Dividends Declared on Preferred Stock Issued (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Class of Stock [Line Items]
Total preferred stock dividends declared	$ 107	$ 94	$ 356	$ 317
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 239.58	$ 239.58	$ 710.93	$ 710.93
Total preferred stock dividends declared	$ 7	$ 7	$ 21	$ 21
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 255.56	$ 255.56	$ 758.34	$ 758.34
Total preferred stock dividends declared	$ 2	$ 2	$ 6	$ 6
Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 255.56	$ 255.56	$ 758.34	$ 758.34
Total preferred stock dividends declared	$ 14	$ 14	$ 41	$ 41
Series E Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 1,022.22	$ 1,022.22	$ 3,044.44	$ 3,044.44
Total preferred stock dividends declared	$ 7	$ 8	$ 23	$ 23
Series F Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 1,022.22	$ 1,022.22	$ 3,044.44	$ 3,044.44
Total preferred stock dividends declared	$ 2	$ 2	$ 5	$ 5
Series J Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 343.75	$ 343.75	$ 1,031.25	$ 1,031.25
Total preferred stock dividends declared	$ 13	$ 14	$ 41	$ 41
Series K Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 398.44	$ 398.44	$ 1,195.32	$ 1,195.32
Total preferred stock dividends declared	$ 11	$ 11	$ 33	$ 33
Series N Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)			$ 0	$ 787.50
Total preferred stock dividends declared			$ 0	$ 19
Series O Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)			$ 662.50	$ 662.50
Total preferred stock dividends declared			$ 17	$ 17
Series P Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)			$ 625	$ 625
Total preferred stock dividends declared			$ 38	$ 38
Series Q Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 687.50	$ 687.50	$ 1,375	$ 1,375
Total preferred stock dividends declared	$ 14	$ 14	$ 28	$ 28
Series R Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 618.75	$ 618.75	$ 1,237.5	$ 1,237.5
Total preferred stock dividends declared	$ 15	$ 15	$ 30	$ 30
Series S Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 550	$ 550	$ 1,100	$ 1,100
Total preferred stock dividends declared	$ 8	$ 7	$ 16	$ 15
Series T Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)			$ 475	$ 0
Total preferred stock dividends declared			$ 13	$ 0
Series U Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 456.25	$ 0	$ 942.92	$ 0
Total preferred stock dividends declared	$ 14	$ 0	$ 28	$ 0
Series V Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared (in dollars per share)			$ 547.14	$ 0
Total preferred stock dividends declared			$ 16	$ 0

Shareholders' Equity - Accumula

Shareholders' Equity - Accumulated Other Comprehensive Income/(Loss), Net of Tax (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 109,926
Other comprehensive income/(loss) adjustments, net of tax	$ 82	$ (67)	196	$ (522)
Ending balance	119,290	106,297	119,290	106,297
Currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(769)	(712)	(738)	(696)
Other comprehensive income/(loss) adjustments, net of tax	26	(20)	(5)	(36)
Ending balance	(743)	(732)	(743)	(732)
Debt valuation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,417	(735)	(511)	(833)
Other comprehensive income/(loss) adjustments, net of tax	673	67	2,601	165
Ending balance	2,090	(668)	2,090	(668)
Pension and postretirement liabilities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(315)	(361)	(327)	(368)
Other comprehensive income/(loss) adjustments, net of tax	(2)	0	10	7
Ending balance	(317)	(361)	(317)	(361)
Available-for-sale securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(2,287)	(81)	(492)	463
Other comprehensive income/(loss) adjustments, net of tax	(615)	(114)	(2,410)	(658)
Ending balance	(2,902)	(195)	(2,902)	(195)
Accumulated other comprehensive income/(loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,954)	(1,889)	(2,068)	(1,434)
Other comprehensive income/(loss) adjustments, net of tax	82	(67)	196	(522)
Ending balance	$ (1,872)	$ (1,956)	$ (1,872)	$ (1,956)

Regulation and Capital Adequa_3

Regulation and Capital Adequacy - Risk-based Capital and Leverage Requirements (Detail)	Sep. 30, 2022	Dec. 31, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum required CET1 ratio applicable to advanced approach banking institutions	4.50%
Minimum required Tier 1 capital ratio applicable to advanced approach banking institutions	6%
Minimum required Total capital ratio applicable to advanced approach banking institutions	8%
Global Systemically Important Bank (G-SIB) surcharge	2.50%
Counter-cyclical capital buffer	0%
Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital ratio	13.40%	13.40%
Tier 1 capital ratio	0.149	0.149
Total capital ratio	0.169	0.169
Standardized risk based ratios stress capital buffer	6.40%
Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital ratio	9.50%	9.50%
Tier 1 capital ratio	0.110	0.110
Total capital ratio	0.130	0.130
Capital conservation buffer	2.50%

Regulation and Capital Adequa_4

Regulation and Capital Adequacy - Risk-based Capital Ratios (Detail) $ in Millions	12 Months Ended	24 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2020 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percent of increase in allowance for credit losses under FRBCECL transition relief	25%
Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 96,254	$ 96,254	$ 98,707	$ 81,641
Tier 1 capital	106,766	106,766	109,214	92,730
Tier 2 capital	14,636	14,636	15,599	15,424
Total capital	121,402	121,402	124,813
RWAs	$ 676,863	$ 676,863	$ 688,566	554,162
CET1 capital ratio	0.142	0.142	0.143
Tier 1 capital ratio	0.158	0.158	0.159
Total capital ratio	0.179	0.179	0.181
Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 96,254	$ 96,254	$ 98,707	81,641
Tier 1 capital	106,766	106,766	109,214	92,730
Tier 2 capital	12,051	12,051	12,555	13,279
Total capital	118,817	118,817	121,769
RWAs	$ 647,921	$ 647,921	$ 675,075	$ 609,750
CET1 capital ratio	0.149	0.149	0.146
Tier 1 capital ratio	0.165	0.165	0.162
Total capital ratio	0.183	0.183	0.180
GS Bank USA
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percent of increase in allowance for credit losses under FRBCECL transition relief		25%
GS Bank USA | Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 42,535	$ 42,535	$ 45,578
Tier 1 capital	42,535	42,535	45,578
Tier 2 capital	6,430	6,430	7,728
Total capital	48,965	48,965	53,306
RWAs	$ 312,601	$ 312,601	$ 343,781
CET1 capital ratio	0.136	0.136	0.133
Tier 1 capital ratio	0.136	0.136	0.133
Total capital ratio	0.157	0.157	0.155
GS Bank USA | Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 42,535	$ 42,535	$ 45,578
Tier 1 capital	42,535	42,535	45,578
Tier 2 capital	4,646	4,646	5,312
Total capital	47,181	47,181	50,890
RWAs	$ 222,607	$ 222,607	$ 261,371
CET1 capital ratio	0.191	0.191	0.174
Tier 1 capital ratio	0.191	0.191	0.174
Total capital ratio	0.212	0.212	0.195

Regulation and Capital Adequa_5

Regulation and Capital Adequacy - Leverage Ratios (Detail) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage ratio	0.040	0.040
SLR	5%	5%
Minimum supplementary leverage ratio	3%	3%
Minimum supplementary leverage ratio buffer	2%	2%
Tier 1 capital	$ 109,214	$ 106,766
Average total assets	1,581,084	1,466,770
Deductions from Tier 1 capital	(8,333)	(4,583)
Average adjusted total assets	1,572,751	1,462,187
Off-balance sheet and other exposures	382,549	448,334
Total leverage exposure	$ 1,955,300	$ 1,910,521
Tier 1 leverage ratio	6.90%	7.30%
SLR	0.056	0.056
GS Bank USA
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital	$ 45,578	$ 42,535
Average adjusted total assets	506,003	409,739
Total leverage exposure	$ 670,832	$ 627,799
Tier 1 leverage ratio	9%	10.40%
SLR	0.068	0.068
GSBE
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage ratio requirement	3%	3%
Leverage ratio	7.80%	7.60%
Profits contributed to leverage ratios	33

Regulation and Capital Adequa_6

Regulation and Capital Adequacy - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Oct. 01, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Confidence level for risk management VaR	95%	95%
Confidence level for regulatory VaR	99%
Time horizon for regulatory VaR (in days)	10 days	10 days
Time horizon for risk management VaR (in days)	1 day	1 day
Equity investment in subsidiaries	$ 131,990	$ 118,900
Minimum equity capital that is required to be maintained in regulated subsidiaries	$ 84,630	77,220
GS Bank USA
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital ratio	7%
Capital conservation buffer	2.50%
Amount deposited by GS Bank USA held at the Federal Reserve Bank of New York	$ 161,280	122,010
GSIB | UK Financial Services Compensation Scheme
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Amount deposited by GSIB held at the Bank Of England related to minimum reserve requirements	146	172
Amount deposited by GSIB held at the Bank Of England	710	2,200
GSBE | German Statutory Deposit Protection Scheme And A Voluntary Scheme
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Amount deposited by GSBE held at Central Bank Related to minimum reserve requirements	150	189
Amount deposited by GSBE held at Central Banks	$ 21,560	$ 20,360
Maximum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Confidence level for regulatory VaR	99%	99%
Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Standardized risk based ratios stress capital buffer	6.40%
CET1 capital ratio	13.40%	13.40%
Tier 1 capital ratio	0.149	0.149
Total capital ratio	0.169	0.169
Change in Credit RWAs	$ 1,714	$ 114,916
Change in Market RWAs	9,989	7,785
Change in Operational RWAs	$ 0	$ 0
Standardized | Forecast
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Standardized risk based ratios stress capital buffer			6.30%
Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital ratio	9.50%	9.50%
Tier 1 capital ratio	0.110	0.110
Total capital ratio	0.130	0.130
Change in Credit RWAs	$ 15,453	$ 25,786
Change in Market RWAs	9,989	7,785
Change in Operational RWAs	$ 1,712	$ 4,600
Capital conservation buffer	2.50%

Regulation and Capital Adequa_7

Regulation and Capital Adequacy - Risk-based Capital (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Jan. 01, 2022	Dec. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Impact of CECL transition		$ 1,110
Preferred stock	$ 10,703	$ 10,703
Phase in of reduction to regulatory capital due to CECL adoption	25%
Phased in amount of reduction to regulatory capital due to CECL adoption			$ 276
Percent of increase in allowance for credit losses under FRBCECL transition relief		25%
Deferred tax liabilities associated with goodwill	$ 682	$ 675
Deferred tax liabilities associated with identifiable intangible assets	$ 246	$ 17
Subordinated debt maturity period	5 years
Jr subordinated debt included in Tier 2 capital		10%
Jr subordinated debt phased out of regulatory capital		90%
Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common shareholders’ equity	$ 108,587	$ 99,223
Impact of CECL transition	829	1,105
Deduction for goodwill	(5,606)	(3,610)
Deduction for identifiable intangible assets	(1,717)	(401)
Other adjustments	(3,386)	(63)
CET1 capital	98,707	96,254		$ 81,641
Preferred stock	10,703	10,703
Deduction for investments in covered funds	(193)	(189)
Other adjustments	(3)	(2)
Tier 1 capital	109,214	106,766		92,730
Qualifying subordinated debt	11,011	11,554
Junior subordinated debt	0	94
Allowance for credit losses	4,598	3,034
Other adjustments	(10)	(46)
Tier 2 capital	15,599	14,636		15,424
Total capital	124,813	121,402
Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	98,707	96,254		81,641
Tier 1 capital	109,214	106,766		92,730
Standardized Tier 2 capital	15,599	14,636
Allowance for credit losses	(4,598)	(3,034)
Other adjustments	1,554	449
Tier 2 capital	12,555	12,051		$ 13,279
Total capital	$ 121,769	$ 118,817

Regulation and Capital Adequa_8

Regulation and Capital Adequacy - CET1, Tier 1 Capital and Tier 2 Capital (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Tier 2 capital
Allowance for credit losses	$ (318)	$ (72)	$ (1,240)	$ 266
Standardized
CET1 capital
Beginning balance			96,254	81,641	$ 81,641
Common shareholders’ equity			9,364		14,494
Impact of CECL transition			(276)		(21)
Deduction for goodwill			(1,996)		42
Deduction for identifiable intangible assets			(1,316)		200
Other adjustments			(3,323)		(102)
Ending balance	98,707		98,707		96,254
Tier 1 capital
Beginning balance			106,766	92,730	92,730
CET1 capital			2,453		14,613
Deduction for investments in covered funds			(4)		(83)
Preferred stock					(500)
Other adjustments			(1)		6
Ending balance	109,214		109,214		106,766
Tier 2 capital
Beginning balance			14,636	15,424	15,424
Qualifying subordinated debt			(543)		(642)
Junior subordinated debt			(94)		(94)
Allowance for credit losses			1,564		(61)
Other adjustments			36		9
Ending balance	15,599		15,599		14,636
Total capital	124,813		124,813		121,402
Advanced
CET1 capital
Beginning balance			96,254	81,641	81,641
Common shareholders’ equity			9,364		14,494
Impact of CECL transition			(276)		(21)
Deduction for goodwill			(1,996)		42
Deduction for identifiable intangible assets			(1,316)		200
Other adjustments			(3,323)		(102)
Ending balance	98,707		98,707		96,254
Tier 1 capital
Beginning balance			106,766	92,730	92,730
CET1 capital			2,453		14,613
Deduction for investments in covered funds			(4)		(83)
Preferred stock					(500)
Other adjustments			(1)		6
Ending balance	109,214		109,214		106,766
Tier 2 capital
Beginning balance			12,051	$ 13,279	13,279
Qualifying subordinated debt			(543)		(642)
Junior subordinated debt			(94)		(94)
Allowance for credit losses			0		0
Other adjustments			1,141		(492)
Ending balance	12,555		12,555		12,051
Total capital	$ 121,769		$ 121,769		$ 118,817

Regulation and Capital Adequa_9

Regulation and Capital Adequacy - Risk-weighted Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Standardized
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	$ 602,068	$ 600,354
Total Market RWAs	86,498	76,509
Total Operational RWAs	0	0
Total RWAs	688,566	676,863	$ 554,162
Standardized | Regulatory VaR
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	22,156	13,510
Standardized | Stressed VaR
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	36,208	38,922
Standardized | Incremental risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	9,324	6,867
Standardized | Comprehensive risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	3,485	2,521
Standardized | Specific risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	15,325	14,689
Standardized | Derivatives
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	168,177	175,628
Standardized | Commitments, guarantees and loans
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	242,565	233,639
Standardized | Securities financing transactions
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	77,807	76,346
Standardized | Equity investments
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	31,527	43,256
Standardized | Other
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	81,992	71,485
Advanced
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	453,952	438,499
Total Market RWAs	86,498	76,509
Total Operational RWAs	134,625	132,913
Total RWAs	675,075	647,921	$ 609,750
Advanced | Regulatory VaR
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	22,156	13,510
Advanced | Stressed VaR
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	36,208	38,922
Advanced | Incremental risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	9,324	6,867
Advanced | Comprehensive risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	3,485	2,521
Advanced | Specific risk
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Market RWAs	15,325	14,689
Advanced | Derivatives
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	122,589	109,532
Advanced | Commitments, guarantees and loans
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	179,657	182,210
Advanced | Securities financing transactions
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	22,339	14,407
Advanced | Equity investments
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	33,165	45,582
Advanced | Other
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Credit RWAs	$ 96,202	$ 86,768

Regulation and Capital Adequ_10

Regulation and Capital Adequacy - Changes in Risk-weighted Assets (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Standardized
Changes in RWAs [Roll Forward]
Beginning balance	$ 676,863	$ 554,162
Change in Credit RWAs	1,714	114,916
Change in Market RWAs	9,989	7,785
Change in Operational RWAs	0	0
Ending balance	688,566	676,863
Standardized | Regulatory VaR
Changes in RWAs [Roll Forward]
Change in Market RWAs	8,646	(1,403)
Standardized | Stressed VaR
Changes in RWAs [Roll Forward]
Change in Market RWAs	(2,714)	6,944
Standardized | Incremental risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	2,457	(1,015)
Standardized | Comprehensive risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	964	763
Standardized | Specific risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	636	2,496
Standardized | Derivatives
Changes in RWAs [Roll Forward]
Change in Credit RWAs	(7,451)	55,336
Standardized | Commitments, guarantees and loans
Changes in RWAs [Roll Forward]
Change in Credit RWAs	8,926	57,138
Standardized | Securities financing transactions
Changes in RWAs [Roll Forward]
Change in Credit RWAs	1,461	4,919
Standardized | Equity investments
Changes in RWAs [Roll Forward]
Change in Credit RWAs	(11,729)	(3,688)
Standardized | Other
Changes in RWAs [Roll Forward]
Change in Credit RWAs	10,507	1,211
Advanced
Changes in RWAs [Roll Forward]
Beginning balance	647,921	609,750
Change in Credit RWAs	15,453	25,786
Change in Market RWAs	9,989	7,785
Change in Operational RWAs	1,712	4,600
Ending balance	675,075	647,921
Advanced | Regulatory VaR
Changes in RWAs [Roll Forward]
Change in Market RWAs	8,646	(1,403)
Advanced | Stressed VaR
Changes in RWAs [Roll Forward]
Change in Market RWAs	(2,714)	6,944
Advanced | Incremental risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	2,457	(1,015)
Advanced | Comprehensive risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	964	763
Advanced | Specific risk
Changes in RWAs [Roll Forward]
Change in Market RWAs	636	2,496
Advanced | Derivatives
Changes in RWAs [Roll Forward]
Change in Credit RWAs	13,057	(2,159)
Advanced | Commitments, guarantees and loans
Changes in RWAs [Roll Forward]
Change in Credit RWAs	(2,553)	30,623
Advanced | Securities financing transactions
Changes in RWAs [Roll Forward]
Change in Credit RWAs	7,932	(2,161)
Advanced | Equity investments
Changes in RWAs [Roll Forward]
Change in Credit RWAs	(12,417)	(3,686)
Advanced | Other
Changes in RWAs [Roll Forward]
Change in Credit RWAs	$ 9,434	$ 3,169

Regulation and Capital Adequ_11

Regulation and Capital Adequacy - Risk-based Capital and Leverage Ratios and "Well-capitalized" Requirements (Detail)	Sep. 30, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum required CET1 ratio applicable to advanced approach banking institutions	4.50%
Minimum required Tier 1 capital ratio applicable to advanced approach banking institutions	6%
Minimum required Total capital ratio applicable to advanced approach banking institutions	8%
Counter-cyclical capital buffer	0%
GS Bank USA
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Requirements, CET 1 capital ratio	7%
Requirements, Tier 1 capital ratio	8.50%
Requirements, Total capital ratio	10.50%
Requirements, Tier 1 leverage ratio	4%
Requirements, SLR	3%
"Well-capitalized" Requirements, CET1 capital ratio	6.50%
"Well-capitalized" Requirements, Tier 1 capital ratio	0.080
"Well-capitalized" Requirements, Total capital ratio	0.100
"Well-capitalized" Requirements, Tier 1 leverage ratio	0.050
"Well-capitalized" Requirements, SLR	6%
Minimum required CET1 ratio applicable to advanced approach banking institutions	4.50%
Minimum required Tier 1 capital ratio applicable to advanced approach banking institutions	6%
Minimum required Total capital ratio applicable to advanced approach banking institutions	8%
Capital conservation buffer	2.50%
Counter-cyclical capital buffer	0%

Regulation and Capital Adequ_12

Regulation and Capital Adequacy - Risk Based Capital Requirements (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
GSIB
Risk-based capital requirements
CET1 capital ratio	9.30%	8.50%
Tier 1 capital ratio	11.50%	10.50%
Total capital ratio	14.50%	13.20%
Risk-based capital ratios
Profits contributed to risk based capital ratios	160
GSIB | Prudential Regulation Authority and Financial Conduct Authority
Risk-based capital and risk-weighted assets
CET1 capital	$ 3,329	$ 3,408
Tier 1 capital	3,329	3,408
Tier 2 capital	826	826
Total capital	4,155	4,234
RWAs	$ 15,542	$ 17,196
Risk-based capital ratios
CET1 capital ratio	0.214	0.198
Tier 1 capital ratio	0.214	0.198
Total capital ratio	0.267	0.246
GSBE
Risk-based capital requirements
CET1 capital ratio	9%	8.70%
Tier 1 capital ratio, UK	11.10%	10.80%
Total capital ratio, UK	13.80%	13.50%
Risk-based capital ratios
Profits contributed to risk based capital ratios	116
GSBE | Amended E.U. Capital Requirements Directive and E.U. Capital Requirements Regulation
Risk-based capital and risk-weighted assets
CET1 capital	$ 8,587	$ 6,527
Tier 1 capital	8,587	6,527
Tier 2 capital	20	23
Total capital	8,607	6,550
RWAs	$ 31,440	$ 28,924
Risk-based capital ratios
CET1 capital ratio	0.273	0.226
Tier 1 capital ratio	0.273	0.226
Total capital ratio	0.274	0.226

Earnings Per Common Share - Ear

Earnings Per Common Share - Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net earnings to common	$ 2,962	$ 5,284	$ 9,579	$ 17,342
Weighted average basic shares (in shares)	352.8	348.3	353	351.8
Effect of dilutive RSUs (in shares)	6.4	5.6	5.6	5.1
Weighted average diluted shares (in shares)	359.2	353.9	358.6	356.9
Basic EPS (in dollars per share)	$ 8.35	$ 15.14	$ 27.03	$ 49.23
Diluted EPS (in dollars per share)	$ 8.25	$ 14.93	$ 26.71	$ 48.59

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic [Abstract]
Reduction per common share due to impact of applying the amended principles to basic earnings per common share	$ 0.05	$ 0.03	$ 0.11	$ 0.07
Number of antidilutive RSUs	0.5	0.1	0.5	0.2

Transactions with Affiliated _3

Transactions with Affiliated Funds - Fees Earned from Affiliated Funds (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transactions With Affiliated Funds [Abstract]
Fees earned from funds	$ 1,172	$ 1,046	$ 3,422	$ 2,647

Transactions with Affiliated _4

Transactions with Affiliated Funds - Fees Receivable from Affiliated Funds and the Aggregate Carrying Value of the Firm's Interests in these Funds (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Transactions With Affiliated Funds [Abstract]
Fees receivable from funds	$ 1,187	$ 873
Aggregate carrying value of interests in funds	$ 3,784	$ 4,321

Transactions with Affiliated _5

Transactions with Affiliated Funds - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transactions With Affiliated Funds [Abstract]
Management fees waived	$ 11	$ 156	$ 110	$ 422

Interest Income and Interest _3

Interest Income and Interest Expense - Sources of Interest Income and Interest Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income and expense
Deposits with banks	$ 1,107	$ (13)	$ 1,392	$ (9)
Collateralized agreements	1,542	(220)	1,712	(651)
Trading assets	1,334	1,230	3,551	3,553
Investments	578	358	1,433	1,243
Loans	2,487	1,363	5,937	3,878
Other interest	1,502	399	2,588	1,096
Total interest income	8,550	3,117	16,613	9,110
Deposits	1,811	319	2,975	978
Collateralized financings	990	33	1,308	41
Trading liabilities	513	495	1,427	1,240
Short-term borrowings	152	115	333	433
Long-term borrowings	1,503	843	3,433	2,477
Other interest	1,538	(252)	1,533	(734)
Total interest expense	6,507	1,553	11,009	4,435
Net interest income	$ 2,043	$ 1,564	$ 5,604	$ 4,675

Income Taxes - Earliest Tax Yea

Income Taxes - Earliest Tax Years Subject to Examination by Major Jurisdiction (Detail)	9 Months Ended
	Sep. 30, 2022
U.S. Federal
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2011
New York State and City
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2015
United Kingdom | Foreign Tax Authority
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2017
Japan | Foreign Tax Authority
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2016
Hong Kong | Foreign Tax Authority
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2016

Business Segments - Segment Ope

Business Segments - Segment Operating Results (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Segment	Sep. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of business segments | Segment			4
Segment Reporting Information [Line Items]
Non-interest revenues	$ 9,932	$ 12,044	$ 31,168	$ 42,025
Net interest income	2,043	1,564	5,604	4,675
Total net revenues	11,975	13,608	36,772	46,700
Provision for credit losses	515	175	1,743	13
Operating expenses	7,704	6,591	23,073	24,668
Pre-tax earnings	3,756	6,842	11,956	22,019
Net earnings	3,069	5,378	9,935	17,700
Net earnings to common	2,962	5,284	9,579	17,342
Average common equity	$ 107,310	$ 93,833	$ 104,715	$ 90,037
Return on average common equity	11%	22.50%	12.20%	25.70%
Investment Banking
Segment Reporting Information [Line Items]
Non-interest revenues	$ 1,373	$ 3,599	$ 5,661	$ 10,755
Net interest income	203	101	463	325
Total net revenues	1,576	3,700	6,124	11,080
Provision for credit losses	78	41	325	(229)
Operating expenses	1,038	1,343	3,391	5,161
Pre-tax earnings	460	2,316	2,408	6,148
Net earnings	370	1,831	2,001	4,942
Net earnings to common	355	1,818	1,950	4,890
Average common equity	$ 9,720	$ 10,346	$ 10,649	$ 10,201
Return on average common equity	14.60%	70.30%	24.40%	63.90%
Global Markets
Segment Reporting Information [Line Items]
Non-interest revenues	$ 5,648	$ 4,943	$ 18,770	$ 16,121
Net interest income	553	668	1,770	1,971
Total net revenues	6,201	5,611	20,540	18,092
Provision for credit losses	(43)	(24)	190	(30)
Operating expenses	3,213	2,794	10,340	10,352
Pre-tax earnings	3,031	2,841	10,010	7,770
Net earnings	2,474	2,244	8,318	6,246
Net earnings to common	2,408	2,190	8,102	6,041
Average common equity	$ 57,078	$ 46,959	$ 54,842	$ 44,067
Return on average common equity	16.90%	18.70%	19.70%	18.30%
Asset Management
Segment Reporting Information [Line Items]
Non-interest revenues	$ 1,742	$ 2,174	$ 3,107	$ 11,619
Net interest income	79	105	344	406
Total net revenues	1,821	2,279	3,451	12,025
Provision for credit losses	29	10	129	(2)
Operating expenses	1,565	823	4,121	4,656
Pre-tax earnings	227	1,446	(799)	7,371
Net earnings	195	1,115	(664)	5,925
Net earnings to common	181	1,096	(717)	5,853
Average common equity	$ 24,587	$ 25,788	$ 24,358	$ 25,294
Return on average common equity	2.90%	17%	(3.90%)	30.90%
Consumer & Wealth Management
Segment Reporting Information [Line Items]
Non-interest revenues	$ 1,169	$ 1,328	$ 3,630	$ 3,530
Net interest income	1,208	690	3,027	1,973
Total net revenues	2,377	2,018	6,657	5,503
Provision for credit losses	451	148	1,099	274
Operating expenses	1,888	1,631	5,221	4,499
Pre-tax earnings	38	239	337	730
Net earnings	30	188	280	587
Net earnings to common	18	180	244	558
Average common equity	$ 15,925	$ 10,740	$ 14,866	$ 10,475
Return on average common equity	0.50%	6.70%	2.20%	7.10%

Business Segments - Depreciatio

Business Segments - Depreciation and Amortization (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total	$ 666	$ 509	$ 1,728	$ 1,527
Investment Banking
Segment Reporting Information [Line Items]
Total	49	50	142	144
Global Markets
Segment Reporting Information [Line Items]
Total	221	209	665	571
Asset Management
Segment Reporting Information [Line Items]
Total	259	153	557	539
Consumer & Wealth Management
Segment Reporting Information [Line Items]
Total	$ 137	$ 97	$ 364	$ 273

Business Segments - Assets by S

Business Segments - Assets by Segment (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total	$ 1,555,994	$ 1,601,224	$ 1,463,988
Investment Banking
Segment Reporting Information [Line Items]
Total	145,563		144,157
Global Markets
Segment Reporting Information [Line Items]
Total	1,163,721		1,082,378
Asset Management
Segment Reporting Information [Line Items]
Total	85,814		91,115
Consumer & Wealth Management
Segment Reporting Information [Line Items]
Total	$ 160,896		$ 146,338

Business Segments - Total Net R

Business Segments - Total Net Revenues and Pre-Tax Earnings By Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total net revenues	$ 11,975	$ 13,608	$ 36,772	$ 46,700
Percentage of total net revenues	100%	100%	100%	100%
Total pre-tax earnings	$ 3,756	$ 6,842	$ 11,956	$ 22,019
Percentage of total pre-tax earnings	100%	100%	100%	100%
Americas
Segment Reporting Information [Line Items]
Total net revenues	$ 7,542	$ 8,169	$ 21,975	$ 28,951
Percentage of total net revenues	63%	60%	60%	62%
Total pre-tax earnings	$ 2,280	$ 4,004	$ 6,424	$ 13,484
Percentage of total pre-tax earnings	61%	59%	54%	61%
EMEA
Segment Reporting Information [Line Items]
Total net revenues	$ 3,094	$ 3,394	$ 10,344	$ 11,585
Percentage of total net revenues	26%	25%	28%	25%
Total pre-tax earnings	$ 1,235	$ 1,922	$ 4,399	$ 6,012
Percentage of total pre-tax earnings	33%	28%	37%	27%
Asia
Segment Reporting Information [Line Items]
Total net revenues	$ 1,339	$ 2,045	$ 4,453	$ 6,164
Percentage of total net revenues	11%	15%	12%	13%
Total pre-tax earnings	$ 241	$ 916	$ 1,133	$ 2,523
Percentage of total pre-tax earnings	6%	13%	9%	12%

Credit Concentrations - Credit

Credit Concentrations - Credit Concentrations Included in Trading Cash Instruments and Investments (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
U.S. government and agency obligations
Concentration Risk [Line Items]
Concentration risk, credit risk, financial instrument, maximum exposure	$ 185,061	$ 141,191
Concentration risk, credit risk, financial instrument, maximum exposure, as a percentage of total assets	11.90%	9.60%
Non-U.S. government and agency obligations
Concentration Risk [Line Items]
Concentration risk, credit risk, financial instrument, maximum exposure	$ 71,787	$ 51,426
Concentration risk, credit risk, financial instrument, maximum exposure, as a percentage of total assets	4.60%	3.50%

Credit Concentrations - Additio

Credit Concentrations - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Cash deposits held at central banks	$ 245,630	$ 222,200
Percentage of credit exposure to any other counterparty	2%	2%
GS Bank USA
Concentration Risk [Line Items]
Cash deposits held at the Federal Reserve Bank of New York	$ 161,280	$ 122,010

Credit Concentrations - U.S. Go

Credit Concentrations - U.S. Government and Agency Obligations and Non-U.S. Government and Agency Obligations that Collateralize Resale Agreements and Securities Borrowed Transactions (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
U.S. government and agency obligations
Concentration Risk [Line Items]
Concentration risk, credit risk, financial instrument, maximum exposure	$ 94,016	$ 86,274
Non-U.S. government and agency obligations
Concentration Risk [Line Items]
Concentration risk, credit risk, financial instrument, maximum exposure	$ 108,677	$ 141,588

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail) - USD ($) $ in Millions			9 Months Ended
	Sep. 27, 2022	Aug. 18, 2020	Sep. 30, 2022	Sep. 16, 2022
Other Commitments [Line Items]
Estimated aggregate amount of reasonably possible losses for legal proceedings			$ 2,300
Mortgage-Related Matters
Other Commitments [Line Items]
Face amount of securitizations claimed for repurchase			1,700
1Malaysia Development Berhad (1MDB)
Other Commitments [Line Items]
Amount to be paid to the firm by its insurers related to litigation settlement				$ 79.5
1Malaysia Development Berhad (1MDB) | Offerings of Debt Securities
Other Commitments [Line Items]
Amount of debt securities cited in connection with investigations, reviews and litigation			6,500
1Malaysia Development Berhad (1MDB) | Guarantee Obligations
Other Commitments [Line Items]
Agreement to extend a guarantee related to legal and regulatory proceedings		$ 1,400
Banco Espirito Santo S.A. and Oak Finance | Transfer of Facility Agreement
Other Commitments [Line Items]
Loss contingency, amount received			50
Banco Espirito Santo S.A. and Oak Finance | Transfer of Facility Agreement | GSI
Other Commitments [Line Items]
Debt instrument, face amount			835
Loss contingency, amount received			54
Loss contingency, amount sought			104
Banco Espirito Santo S.A. and Oak Finance and Action in Lisbon Commercial Court
Other Commitments [Line Items]
Loss contingency, amount sought			222
Archegos-Related Matters | March 2021 Public Offering | Common stock
Other Commitments [Line Items]
Aggregate value of offering			$ 1,700
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			646,154
Aggregate value underwritten by GS&Co.			$ 55
Archegos-Related Matters | March 2021 Public Offering | Preferred stock
Other Commitments [Line Items]
Aggregate value of offering			$ 1,000
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			323,077
Aggregate value underwritten by GS&Co.			$ 32
Uber Technologies Inc.
Other Commitments [Line Items]
Aggregate value of offering			$ 8,100
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			35,864,408
Aggregate value underwritten by GS&Co.			$ 1,600
Venator Materials PLC | August 2017 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 522
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			6,351,347
Aggregate value underwritten by GS&Co.			$ 127
Venator Materials PLC | December 2017 Secondary Equity Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 534
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			5,625,768
Aggregate value underwritten by GS&Co.			$ 127
GoHealth, Inc.
Other Commitments [Line Items]
Aggregate value of offering			$ 914
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			11,540,550
Aggregate value underwritten by GS&Co.			$ 242
Array Technologies Inc.
Other Commitments [Line Items]
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			31,912,213
Aggregate value underwritten by GS&Co.			$ 877
Array Technologies Inc. | October 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			1,200
Array Technologies Inc. | December 2020 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			1,300
Array Technologies Inc. | March 2021 Offering
Other Commitments [Line Items]
Aggregate value of offering			993
Skillz Inc. | March 2021 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 883
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			8,832,000
Aggregate value underwritten by GS&Co.			$ 212
ContextLogic, Inc. | December 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 1,100
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			16,169,000
Aggregate value underwritten by GS&Co.			$ 388
Didi Global Inc. | June 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 4,400
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			104,554,000
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 1,500
Vroom Inc. | September 2020 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 589
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			3,886,819
Aggregate value underwritten by GS&Co.			$ 212
Zymergen Inc. | April 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 575
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			5,750,345
Aggregate value underwritten by GS&Co.			$ 178
Waterdrop Inc. | May 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 360
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			15,300,000
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 184
Sea Limited | September 2021 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 4,000
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			8,222,500
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 2,600
Sea Limited | September 2021 Public Offering | Convertible Senior Notes
Other Commitments [Line Items]
Aggregate value of offering			2,900
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			1,900
Rivian Automotive Inc. | November 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 13,700
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			44,733,050
Aggregate value underwritten by GS&Co.			$ 3,500
Natera Inc. | July 2021 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 585
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			1,449,000
Aggregate value underwritten by GS&Co.			$ 164
Robinhood Markets, Inc. | July 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 2,200
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			18,039,706
Aggregate value underwritten by GS&Co.			$ 686
ON24 Inc. | February 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 492
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			3,616,785
Aggregate value underwritten by GS&Co.			$ 181
Riskified Ltd. | July 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 423
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			6,981,128
Aggregate value underwritten by GS&Co.			$ 147
Oscar Health Inc. | March 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 1,400
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			12,760,633
Aggregate value underwritten by GS&Co.			$ 498
Oak Street Health, Inc. | August 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 377
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			4,157,103
Aggregate value underwritten by GS&Co.			$ 87
Oak Street Health, Inc. | December 2020 Secondary Equity Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 298
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			1,503,944
Aggregate value underwritten by GS&Co.			$ 69
Oak Street Health, Inc. | February 2021 Secondary Equity Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 691
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			3,083,098
Aggregate value underwritten by GS&Co.			$ 173
Oak Street Health, Inc. | May 2021 Secondary Equity Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 747
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			3,013,065
Aggregate value underwritten by GS&Co.			$ 187
Reata Pharmaceuticals, Inc. | December 2020 Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 282
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			1,000,000
Aggregate value underwritten by GS&Co.			$ 141
Bright Health Group, Inc. | June 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 924
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			11,297,000
Aggregate value underwritten by GS&Co.			$ 203
17 Education & Technology Group Inc. | December 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 331
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			12,604,000
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 132
LifeStance Health Group, Inc. | June 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 828
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			10,580,000
Aggregate value underwritten by GS&Co.			$ 190
MINISO Group Holding Limited | October 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 656
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			16,408,093
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 328
Coupang, Inc. | March 2021 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 4,600
Number of shares underwritten by GS&Co. in connection with the offering (in shares)			42,900,000
Aggregate value underwritten by GS&Co.			$ 1,500
Yatsen Holding Limited | November 2020 Initial Public Offering
Other Commitments [Line Items]
Aggregate value of offering			$ 617
Number of shares underwritten by Goldman Sachs (Asia) L.L.C. in connection with the offering (in shares)			22,912,500
Aggregate value underwritten by Goldman Sachs (Asia) L.L.C.			$ 241
Communications Recordkeeping Investigation and Review | Securities and Exchange Commission (SEC)
Other Commitments [Line Items]
Payments for legal settlements	$ 125
Communications Recordkeeping Investigation and Review | Commodity Futures Trading Commission (CFTC)
Other Commitments [Line Items]
Payments for legal settlements	$ 75