The Goldman Sachs Group, Inc. (GS) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Apr. 17, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Period End Date	Mar. 31, 2020
Entity Central Index Key	0000886982
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Registrant Name	GOLDMAN SACHS GROUP INC
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		343,886,589
Entity File Number	001-14965
Entity Tax Identification Number	13-4019460
Entity Current Reporting Status	Yes
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 Incorporation, State or Country Code	DE
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $.01 per share
Trading Symbol	GS
Security Exchange Name	NYSE
Series A Floating Rate Preferred Stock [Member]
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
Series C Floating Rate Preferred Stock [Member]
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
Series D Floating Rate Preferred Stock [Member]
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
Series J 5.50% Fixed-to-Floating Rate Preferred Stock [Member]
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
Series K 6.375% Fixed-to-Floating Rate Preferred Stock [Member]
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
Series N 6.30% Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/1,000th Interest in a Share
Trading Symbol	GS PrN
Security Exchange Name	NYSE
5.793% Fixed-to-Floating Rate Normal APEX [Member]
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 APEX [Member]
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
Series A Medium Term Notes Index-Linked Notes due 2037 of GS Finance Corp. [Member]
Document Information [Line Items]
Title of 12(b) Security	Medium-Term Notes
Trading Symbol	GCE
Security Exchange Name	NYSEArca
Series B Medium Term Notes Index-Linked Notes due 2037 [Member]
Document Information [Line Items]
Title of 12(b) Security	Medium-Term Notes
Trading Symbol	GSC
Security Exchange Name	NYSEArca
Series E Medium Term Notes Index-Linked Notes due 2028 of GS Finance Corp. [Member]
Document Information [Line Items]
Title of 12(b) Security	Medium-Term Notes
Trading Symbol	FRLG
Security Exchange Name	NYSEArca

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Investment banking	$ 1,742	$ 1,618
Investment management	1,768	1,436
Commissions and fees	1,020	745
Market making	3,682	2,723
Other principal transactions	(782)	1,067
Total non-interest revenues	7,430	7,589
Interest income	4,750	5,597
Interest expense	3,437	4,379
Net interest income	1,313	1,218
Total net revenues	8,743	8,807
Provision for credit losses	937	224
Operating expenses
Compensation and benefits	3,235	3,259
Brokerage, clearing, exchange and distribution fees	975	762
Market development	153	184
Communications and technology	321	286
Depreciation and amortization	437	368
Occupancy	238	225
Professional fees	347	298
Other expenses	752	482
Total operating expenses	6,458	5,864
Pre-tax earnings	1,348	2,719
Provision for taxes	135	468
Net earnings	1,213	2,251
Preferred stock dividends	90	69
Net earnings applicable to common shareholders	$ 1,123	$ 2,182
Earnings per common share
Basic	$ 3.12	$ 5.73
Diluted	$ 3.11	$ 5.71
Average common shares
Basic	358	379.8
Diluted	361.1	382.4

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 1,213	$ 2,251
Other comprehensive income/(loss) adjustments, net of tax:
Currency translation	(17)	4
Debt valuation adjustment	2,914	(1,417)
Pension and postretirement liabilities	7	(7)
Available-for-sale securities	517	114
Other comprehensive income/(loss)	3,421	(1,306)
Comprehensive income	$ 4,634	$ 945

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 105,489	$ 133,546
Collateralized agreements:
Securities purchased under agreements to resell (at fair value)	132,333	85,691
Securities borrowed (includes $29,771 and $26,279 at fair value)	121,670	136,071
Customer and other receivables (includes $53 and $53 at fair value)	120,927	74,605
Trading assets (at fair value and includes $59,128 and $66,605 pledged as collateral)	375,471	355,332
Investments (includes $62,655 and $57,827 at fair value, and $10,765 and $10,968 pledged as collateral)	68,694	63,937
Loans (net of allowance of $2,868 and $1,441, and includes $13,829 and $14,386 at fair value)	128,453	108,904
Other assets	36,719	34,882
Total assets	1,089,756	992,968
Liabilities and shareholders' equity
Deposits (includes $24,722 and $17,765 at fair value)	219,994	190,019
Collateralized financings:
Securities sold under agreements to repurchase (at fair value)	95,864	117,756
Securities loaned (includes $1,148 and $714 at fair value)	13,869	14,985
Other secured financings (includes $29,991 and $18,071 at fair value)	37,196	19,277
Customer and other payables	213,178	174,817
Trading liabilities (at fair value)	136,358	108,835
Unsecured short-term borrowings (includes $18,983 and $26,007 at fair value)	37,148	48,287
Unsecured long-term borrowings (includes $43,313 and $43,661 at fair value)	225,476	207,076
Other liabilities (includes $327 and $150 at fair value)	18,294	21,651
Total liabilities	997,377	902,703
Commitments, contingencies and guarantees
Shareholders' equity
Preferred stock; aggregate liquidation preference of $11,203 and $11,203	11,203	11,203
Common stock; 901,409,000 and 896,782,650 shares issued, and 343,856,654 and 347,343,184 shares outstanding	9	9
Share-based awards	3,037	3,195
Nonvoting common stock; no shares issued and outstanding	0	0
Additional paid-in capital	55,621	54,883
Retained earnings	106,501	106,465
Accumulated other comprehensive income/(loss)	1,937	(1,484)
Stock held in treasury, at cost; 557,552,348 and 549,439,468 shares	(85,929)	(84,006)
Total shareholders' equity	92,379	90,265
Total liabilities and shareholders' equity	$ 1,089,756	$ 992,968

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Securities borrowed at fair value	$ 29,771	$ 26,279
Customer and other receivables at fair value	53	53
Trading assets, at fair value pledged as collateral	59,128	66,605
Investment at fair value	62,655	57,827
Investment at pledged collateral	10,765	10,968
Net allowance of loan	2,868	1,441
Loans receivable at fair value	13,829	14,386
Deposits at fair value	24,722	17,765
Securities loaned at fair value	1,148	714
Other secured financings at fair value	29,991	18,071
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings, at fair value	18,983	26,007
Unsecured long-term borrowings at fair value	43,313	43,661
Other liabilities and accrued expenses at fair value	327	150
Preferred stock, liquidation preference	$ 11,203	$ 11,203
Common stock, shares issued	901,409,000	896,782,650
Common stock, shares outstanding	343,856,654	347,343,184
Treasury stock, shares	557,552,348	549,439,468

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Share-Based Awards [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Stock Held in Treasury, at Cost [Member]
Beginning balance at Dec. 31, 2018		$ 11,203	$ 9	$ 2,845	$ 54,005	$ 100,100	$ 693	$ (78,670)
Beginning balance (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2018						100,112
Issued		0	0
Redeemed		0
Issuance and amortization of share-based awards				1,506
Delivery of common stock underlying share-based awards				(1,596)	1,587
Forfeiture of share-based awards				(16)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(730)
Current expected credit losses, net of tax | Accounting Standards Update 2016-13 [Member]						0
Leases, net of tax | Accounting Standards Update 2016-02 [Member]						12
Other comprehensive income/(loss)	$ (1,306)						(1,306)
Repurchased	(1,250)							(1,250)
Reissued								11
Other								(6)
Net earnings	2,251					2,251
Dividends and dividend equivalents declared on common stock and share-based awards						(306)
Dividends declared on preferred stock	(69)					(69)
Preferred stock redemption premium						0
Ending balance at Mar. 31, 2019	90,273	11,203	9	2,739	54,862	101,988	(613)	(79,915)
Beginning balance at Dec. 31, 2018		11,203	9	2,845	54,005	100,100	693	(78,670)
Beginning balance (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2018						100,112
Ending balance at Dec. 31, 2019	90,265	11,203	9	3,195	54,883	106,465	(1,484)	(84,006)
Ending balance (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2019						105,827
Issued		350	0
Redeemed		(350)
Issuance and amortization of share-based awards				1,397
Delivery of common stock underlying share-based awards				(1,547)	1,541
Forfeiture of share-based awards				(8)
Cancellation of share-based awards in satisfaction of withholding tax requirements					(803)
Current expected credit losses, net of tax | Accounting Standards Update 2016-13 [Member]						(638)
Leases, net of tax | Accounting Standards Update 2016-02 [Member]						0
Other comprehensive income/(loss)	3,421						3,421
Repurchased	(1,928)							(1,928)
Reissued								10
Other								(5)
Net earnings	1,213					1,213
Dividends and dividend equivalents declared on common stock and share-based awards						(449)
Dividends declared on preferred stock	(89)					(89)
Preferred stock redemption premium						(1)
Ending balance at Mar. 31, 2020	$ 92,379	$ 11,203	$ 9	$ 3,037	$ 55,621	$ 106,501	$ 1,937	$ (85,929)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net earnings	$ 1,213	$ 2,251
Adjustments to reconcile net earnings to net cash used for operating activities:
Depreciation and amortization	437	368
Share-based compensation	1,395	1,503
Gain related to extinguishment of unsecured borrowings	(1)	0
Provision for credit losses	937	224
Changes in operating assets and liabilities:
Customer and other receivables and payables, net	(7,961)	3,991
Collateralized transactions (excluding other secured financings), net	(55,249)	(13,215)
Trading assets	(20,580)	(26,494)
Trading liabilities	27,523	(7,888)
Loans held for sale, net	2,624	652
Other, net	(3,369)	(5,760)
Net cash used for operating activities	(53,031)	(44,368)
Cash flows from investing activities
Purchase of property, leasehold improvements and equipment	(2,843)	(2,128)
Proceeds from sales of property, leasehold improvements and equipment	397	2,266
Purchase of investments	(10,214)	(6,848)
Proceeds from sales and paydowns of investments	3,889	6,207
Loans, net (excluding loans held for sale)	(23,565)	(1,636)
Net cash used for investing activities	(32,336)	(2,139)
Cash flows from financing activities
Unsecured short-term borrowings, net	2,915	381
Other secured financings (short-term), net	16,307	(2,690)
Proceeds from issuance of other secured financings (long-term)	2,969	1,442
Repayment of other secured financings (long-term), including the current portion	(445)	(525)
Purchase of Trust Preferred securities	(11)	0
Proceeds from issuance of unsecured long-term borrowings	26,506	6,253
Repayment of unsecured long-term borrowings, including the current portion	(16,175)	(7,251)
Derivative contracts with a financing element, net	134	2,586
Deposits, net	28,381	5,594
Preferred stock redemption	(350)	0
Common stock repurchased	(1,928)	(1,250)
Settlement of share-based awards in satisfaction of withholding tax requirements	(804)	(730)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards	(538)	(375)
Proceeds from issuance of preferred stock, net of issuance costs	349	0
Other financing, net	0	409
Net cash provided by financing activities	57,310	3,844
Net decrease in cash and cash equivalents	(28,057)	(42,663)
Cash and cash equivalents, beginning balance	133,546	130,547
Cash and cash equivalents, ending balance	105,489	87,884
Supplemental disclosures:
Cash payments for interest, net of capitalized interest	4,041	4,372
Cash payments/(refunds) for income taxes, net	$ 474	$ (109)

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Note 1. 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 investment banking, securities and investment management firm that provides a wide range of financial services to a substantial 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 the following 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 middle-market lending, relationship lending and acquisition financing. 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 repurchase agreements, as well as 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. Consumer & Wealth Management 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 and accepts deposits through its consumer banking digital platform, Marcus by Goldman Sachs

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 2. 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 10-K” 10-K 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. All references to March 2020 and March 2019 refer to the firm’s periods ended, or the dates, as the context requires, March 31, 2020 and March 31, 2019, respectively. All references to December 2019 refer to the date December 31, 2019. Any reference to a future year refers to a year ending on December 31 of that year. Beginning in the fourth quarter of 2019, the firm changed its business segments and balance sheet presentation to better reflect the nature of the firm’s activities. See Note 2 in Part II, Item 8 of the 2019 Form 10-K for further information. Reclassifications have been made to previously reported amounts to conform to the current presentation.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Note 3. 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. Variable Interest Entities. Equity-Method Investments. in-substance 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. 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 provisions for losses that may arise from tax audits. 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. Revenue from Contracts with Clients. , Revenues from these contracts with clients represent approximately 55% of total non-interest revenues (including approximately % of investment banking revenues, approximately % of investment management revenues and all commissions and fees) for the three months ended March 2020, and approximately % of total non-interest revenues (including approximately % of investment banking revenues, approximately % of investment management revenues and all commissions and fees) for the three months ended March 2019. See Note 25 for information about net revenues by business segment. Investment Banking Advisory. Non-refundable Expenses associated with financial advisory assignments are recognized when incurred and are included in other expenses. Client reimbursements for such expenses are included in investment banking revenues. Underwriting. 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 other expenses. 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 brokerage, clearing, exchange and distribution fees. Management Fees. month-end 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 brokerage, clearing, exchange and distribution fees. Incentive Fees. 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 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 March 2020, substantially all future net revenues associated with such remaining performance obligations will be recognized through 202 7 7 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 $11.70 billion as of March 2020 and $12.57 billion as of December 2019. Cash and cash equivalents also included interest-bearing deposits with banks of $93.79 billion as of March 2020 and $120.98 billion as of December 2019. The firm segregates cash for regulatory and other purposes related to client activity. Cash and cash equivalents segregated for regulatory and other purposes were $28.93 billion as of March 2020 and $22.78 billion as of December 2019. 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 $72.63 billion as of March 2020 and $50.90 billion as of December 2019, and receivables from brokers, dealers and clearing organizations of $48.30 billion as of March 2020 and $23.71 billion as of December 2019. 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 March 2020 and December 2019. 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 $2.31 billion as of March 2020 and $2.27 billion as of December 2019. As of both March 2020 and December 2019 contract assets were not material. Customer and Other Payables Customer and other payables included payables to customers and counterparties of $201.68 billion as of March 2020 and $170.21 billion as of December 2019, and payables to brokers, dealers and clearing organizations of $11.50 billion as of March 2020 and $4.61 billion as of December 2019. 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 March 2020 and December 2019. 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 non-defaulting Derivatives are reported on a net-by-counterparty net-by-counterparty 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 outstanding restricted stock units (RSUs) are 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 Foreign Currency Translation Assets and liabilities denominated in non-U.S. non-U.S. Recent Accounting Developments​​​​​​​ Leases (ASC 842). 2016-02, right-of-use right-of-use The firm adopted this ASU in January 2019 under a modified retrospective approach. Upon adoption, in accordance with the ASU, the firm elected to not reassess the lease classification or initial direct costs of existing leases, and to not reassess whether existing contracts contain a lease. In addition, the firm has elected to account for each contract’s lease and non-lease Measurement of Credit Losses on Financial Instruments (ASC 326). 2016-13, The firm adopted this ASU in January 2020 under a modified retrospective approach. As a result of adopting this ASU, the firm’s allowance for credit losses on financial assets and commitments that are measured at amortized cost reflects management’s estimate of credit losses over the remaining expected life of such assets. Expected credit losses for newly recognized financial assets and commitments, as well as changes to expected credit losses during the period, are recognized in earnings. These expected credit losses are measured based on historical experience, current conditions and forecasts that affect the collectability of the reported amount. The cumulative effect of measuring the allowance under CECL as a result of adopting this ASU as of January 1, 2020 was an increase in the allowance for credit losses of $848 million. The increase in the allowance is driven by the fact that the allowance under CECL covers expected credit losses over the full expected life of the loan portfolios and also takes into account forecasts of expected future economic conditions. In addition, in accordance with the ASU, the firm elected the fair value option for loans that were previously accounted for as Purchased Credit Impaired (PCI), which resulted in a decrease to the allowance for PCI loans of $169 million. The cumulative effect of adopting this ASU was a decrease to retained earnings of $638 million (net of tax). Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. 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. Level 2. Level 3. 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. non-U.S. Level 2. non-U.S. 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 firm) 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. 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 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 U.S. and non-U.S. • 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. 10-year 2-year • Credit. • Currency. • Commodity. • Equity. Liquidity is essential to 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 2. 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 firm) and the relationship of recent market activity to the prices provided from alternative pricing sources. Level 3. • 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). In addition, for level 3 interest rate derivatives, significant unobservable inputs include specific interest rate 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, recovery rates and certain correlations required to value credit derivatives (e.g., the likelihood of default of the underlying reference obligation relative to one another). • 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. mid-market 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 repurchase agreements and substantially all resale agreements; securities borrowed and loaned in Fixed Income, Currency and Commodities (FICC) financing; 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 and collateralized central bank financings; certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; and 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. Customer and Other Receivables. Deposits. Other Secured Financings. Unsecured Short- and Long-Term Borrowings. Other Liabilities. Financial Assets and Liabilities at Fair Value The table below presents financial assets and liabilities accounted for at fair value. As of $ in millions March 2020 December 2019 Total level 1 financial assets $ $242,562 Total level 2 financial assets 440,469 325,259 Total level 3 financial assets 30,776 23,068 Investments in funds at NAV 3,545 4,206 Counterparty and cash collateral netting (78,612 ) (55,527 ) Total financial assets at fair value $ $539,568 Total assets $1,089,756 $992,968 Total level 3 financial assets divided by: Total assets 2.8% 2.3% Total financial assets at fair value 5.0% 4.3% Total level 1 financial liabilities $ $ 54,790 Total level 2 financial liabilities 320,820 293,902 Total level 3 financial liabilities 27,565 25,938 Counterparty and cash collateral netting (60,796 ) (41,671 ) Total financial liabilities at fair value $ $332,959 Total level 3 financial liabilities divided by 7.9% 7.8% 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 of the fair value hierarchy. The table below presents a summary of level 3 financial assets. As of $ in millions March 2020 December 2019 Trading assets: Trading cash instruments $ $ 1,242 Derivatives 7,381 4,654 Investments 19,408 15,282 Loans 2,753 1,890 Total $ $ 23,068 Level 3 financial assets as of March 2020 increased compared with December 2019, primarily reflecting an increase in level 3 investments. See Notes 5 through 10 for further information about level 3 financial assets (including information about unrealized gains and losses related to level 3 financial assets and transfers in and out of level 3).

Trading Assets and Liabilities

Trading Assets and Liabilities	3 Months Ended
	Mar. 31, 2020
Trading Assets and Liabilities [Abstract]
Trading Assets and Liabilities	Note 5. 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 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 generally recognized in the consolidated statements of earnings. The table below presents a summary of trading assets and liabilities. $ in millions Trading Assets Trading Liabilities As of March 2020 Trading cash instruments $300,900 $ 74,319 Derivatives 74,571 62,039 Total $375,471 $136,358 As of December 2019 Trading cash instruments $310,080 $ 65,033 Derivatives 45,252 43,802 Total $355,332 $108,835 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 $ in millions 2020 2019 Interest rates $ $1,260 Credit 1,842 242 Currencies (735 ) 718 Equities 1,700 390 Commodities 138 113 Total $3,682 $2,723 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 and losses included in market making are primarily related to the firm’s trading assets and liabilities, including both derivative and non-derivative • 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	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Trading Cash Instruments	Note 6. 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 accounted for 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 March 2020 Assets Government and agency obligations: U.S. $ 89,564 $ 49,771 $ 11 $139,346 Non-U.S. 37,925 9,493 16 47,434 Loans and securities backed by: Commercial real estate – 2,411 130 2,541 Residential real estate – 6,906 251 7,157 Corporate debt instruments 683 24,804 719 26,206 State and municipal obligations – 347 – 347 Other debt obligations 328 3,206 34 3,568 Equity securities 70,795 1,191 73 72,059 Commodities – 2,242 – 2,242 Total $199,295 $100,371 $1,234 $300,900 Liabilities Government and agency obligations: U.S. $ ) $ ) $ – $ ) Non-U.S. (23,065 ) (2,445 ) (1 ) (25,511 ) Loans and securities backed by: Commercial real estate – (26 ) (1 ) (27 ) Residential real estate – (2 ) – (2 ) Corporate debt instruments (7 ) (8,160 ) (177 ) (8,344 ) Other debt obligations – (5 ) – (5 ) Equity securities (29,037 ) (379 ) (15 ) (29,431 ) Commodities – (29 ) – (29 ) Total $ ) $ ) $ ) $ ) As of December 2019 Assets Government and agency obligations: U.S. $108,200 $ 34,714 $ 21 $142,935 Non-U.S. 33,709 11,108 22 44,839 Loans and securities backed by: Commercial real estate – 2,031 191 2,222 Residential real estate – 5,794 231 6,025 Corporate debt instruments 1,313 26,768 692 28,773 State and municipal obligations – 680 – 680 Other debt obligations 409 1,074 10 1,493 Equity securities 78,782 489 75 79,346 Commodities – 3,767 – 3,767 Total $222,413 $ 86,425 $1,242 $310,080 Liabilities Government and agency obligations: U.S. $ ) $ ) $ $ ) Non-U.S. (21,213 ) (2,205 ) (6 ) (23,424 ) Loans and securities backed by: Commercial real estate – (31 ) (1 ) (32 ) Residential real estate – (2 ) – (2 ) Corporate debt instruments (115 ) (7,494 ) (253 ) (7,862 ) State and Municipal obligations – (2 ) – (2 ) Equity securities (23,519 ) (212 ) (13 ) (23,744 ) Commodities – (6 ) – (6 ) Total $ ) $ ) $ (273 ) $ ) 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. • Equity securities includes public equities and exchange-traded funds. • Other debt obligations includes other asset-backed securities and money market instruments. 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. 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. Level 3 Assets and Range of Significant $ in millions March 2020 December 2019 Loans and securities backed by commercial real estate Level 3 assets $130 $191 Yield 4.3% to 22.0% ( 15.5 ) 2.7% to 21.7% ( 13.5 ) Recovery rate 7.0% to 88.0% ( 59.9 ) 11.4% to 81.1% ( 55.6 ) Duration (years) 1.0 to 6.0 (3.3 ) 0.3 to 6.6 (2.8 ) Loans and securities backed by residential real estate Level 3 assets $251 $231 Yield 1.4% to 9.2% ( 4.4 ) 1.2% to 12.0% ( 5.8 ) Cumulative loss rate 4.0% to 33.0% ( 16.0 ) 5.4% to 30.4% ( 16.3 ) Duration (years) 2.1 to 14.3 (8.3 ) 2.3 to 12.4 (5.7 ) Corporate debt instruments Level 3 assets $719 $692 Yield 2.3% to 46.8% ( 15.6 ) 0.1% to 20.4% ( 7.2 ) Recovery rate 0.0% to 70.0% ( 55.8 ) 0.0% to 69.7% ( 54.9 ) Duration (years) 1.3 to 5.6 (3.4 ) 1.7 to 16.6 (5.1 ) Level 3 government and agency obligations, other debt obligations and equity securities were not material as of both March 2020 and December 2019, and therefore are not included in the table above. In the table above: • 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 would have resulted in a higher fair value measurement as of both March 2020 and December 2019. 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. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 trading cash instruments. Three Months $ in millions 2020 2019 Total trading cash instrument assets Beginning balance $1,242 $1,689 Net realized gains/(losses) 34 25 Net unrealized gains/(losses) (159 ) (11 ) Purchases 353 111 Sales (268 ) (289 ) Settlements (153 ) (83 ) Transfers into level 3 342 341 Transfers out of level 3 (157 ) (193 ) Ending balance $1,234 $1,590 Total trading cash instrument liabilities Beginning balance $ (273 ) $ (49 ) Net realized gains/(losses) – – Net unrealized gains/(losses) 91 (63 ) Purchases 26 18 Sales (32 ) (52 ) Settlements (2 ) 8 Transfers into level 3 (13 ) (24 ) Transfers out of level 3 9 3 Ending balance $ (194 ) $ (159 ) 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 $ in millions 2020 2019 Loans and securities backed by commercial real estate Beginning balance $ 191 $ 332 Net realized gains/(losses) 9 7 Net unrealized gains/(losses) (22 ) (6 ) Purchases 14 12 Sales (6 ) (29 ) Settlements (50 ) (21 ) Transfers into level 3 7 89 Transfers out of level 3 (13 ) (13 ) Ending balance $ 130 $ 371 Loans and securities backed by residential real estate Beginning balance $ 231 $ 348 Net realized gains/(losses) 1 3 Net unrealized gains/(losses) 7 7 Purchases 80 18 Sales (23 ) (110 ) Settlements (13 ) (11 ) Transfers into level 3 61 22 Transfers out of level 3 (93 ) (14 ) Ending balance $ 251 $ 263 Corporate debt instruments Beginning balance $ 692 $ 912 Net realized gains/(losses) 22 13 Net unrealized gains/(losses) (132 ) (11 ) Purchases 238 60 Sales (214 ) (135 ) Settlements (80 ) (45 ) Transfers into level 3 242 151 Transfers out of level 3 (49 ) (156 ) Ending balance $ 719 $ 789 Other Beginning balance $ 128 $ 97 Net realized gains/(losses) 2 2 Net unrealized gains/(losses) (12 ) (1 ) Purchases 21 21 Sales (25 ) (15 ) Settlements (10 ) (6 ) Transfers into level 3 32 79 Transfers out of level 3 (2 ) (10 ) Ending balance $ 134 $ 167 In the table above, other includes U.S. and non-U.S. Level 3 Rollforward Commentary Three Months Ended March 2020. The net unrealized losses on level 3 trading cash instrument assets for the three months ended March 2020 primarily reflected losses on certain corporate debt instruments, principally driven by weak corporate performance. Transfers into level 3 trading cash instrument assets during the three months ended March 2020 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. The drivers of transfers out of level 3 trading cash instrument assets during the three months ended March 2020 were not material. Three Months Ended March 2019. The drivers of net unrealized losses on level 3 trading cash instrument assets for the three months ended March 2019 were not material. Transfers into level 3 trading cash instrument assets during the three months ended March 2019 primarily reflected transfers of certain corporate debt instruments and loans and securities backed by commercial real estate 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 March 2019 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.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 7. 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), Market Making. Risk Management. instrument-by-instrument non-U.S. The firm enters into various types of derivatives, including: • Futures and Forwards. • Swaps. • Options. Derivatives are reported on a net-by-counterparty 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 March 2020 As of December 2019 $ in millions Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Not accounted for as hedges Exchange-traded $ 1,233 $ 1,815 $ 476 $ 856 OTC-cleared 16,091 13,947 9,958 8,618 Bilateral OTC 355,084 323,742 266,387 242,046 Total interest rates 372,408 339,504 276,821 251,520 OTC-cleared 1,937 1,735 6,551 6,929 Bilateral OTC 22,215 20,639 14,178 13,860 Total credit 24,152 22,374 20,729 20,789 Exchange-traded 78 27 35 10 OTC-cleared 1,114 1,229 411 391 Bilateral OTC 130,426 130,093 79,887 81,613 Total currencies 131,618 131,349 80,333 82,014 Exchange-traded 6,926 6,489 2,390 2,272 OTC-cleared 172 201 180 243 Bilateral OTC 18,434 23,466 8,568 13,034 Total commodities 25,532 30,156 11,138 15,549 Exchange-traded 33,169 35,127 13,499 16,976 Bilateral OTC 54,380 54,276 36,162 39,531 Total equities 87,549 89,403 49,661 56,507 Subtotal 641,259 612,786 438,682 426,379 Accounted for as hedges OTC-cleared 4 – – – Bilateral OTC 1,544 – 3,182 1 Total interest rates 1,548 – 3,182 1 OTC-cleared 272 23 16 57 Bilateral OTC 177 99 16 153 Total currencies 449 122 32 210 Subtotal 1,997 122 3,214 211 Total gross fair value $ 643,256 $ 612,908 $ 441,896 $ 426,590 Offset in the consolidated balance sheets Exchange-traded $ (35,739 ) $ (35,739 ) $ (14,159 ) $ (14,159 ) OTC-cleared (16,855 ) (16,855 ) (15,565 ) (15,565 ) Bilateral OTC (438,292 ) (438,292 ) (310,920 ) (310,920 ) Counterparty netting (490,886 ) (490,886 ) (340,644 ) (340,644 ) OTC-cleared (1,639 ) (49 ) (1,302 ) (526 ) Bilateral OTC (76,160 ) (59,934 ) (54,698 ) (41,618 ) Cash collateral netting (77,799 ) (59,983 ) (56,000 ) (42,144 ) Total amounts offset $(568,685 ) $(550,869 ) $(396,644 ) $(382,788 ) Included in the consolidated balance sheets Exchange-traded $ 5,667 $ 7,719 $ 2,241 $ 5,955 OTC-cleared 1,096 231 249 147 Bilateral OTC 67,808 54,089 42,762 37,700 Total $ 74,571 $ 62,039 $ 45,252 $ 43,802 Not offset in the consolidated balance sheets Cash collateral $ (1,447 ) $ (2,971 ) $ (604 ) $ (1,603 ) Securities collateral (18,357 ) (11,940 ) (14,196 ) (9,252 ) Total $ 54,767 $ 47,128 $ 30,452 $ 32,947 Notional Amounts as of $ in millions March 2020 December 2019 Not accounted for as hedges Exchange-traded $ 3,881,459 $ 4,757,300 OTC-cleared 21,309,964 13,440,376 Bilateral OTC 11,550,666 11,668,171 Total interest rates 36,742,089 29,865,847 OTC-cleared 536,609 396,342 Bilateral OTC 825,708 707,935 Total credit 1,362,317 1,104,277 Exchange-traded 4,822 4,566 OTC-cleared 167,487 134,060 Bilateral OTC 6,952,771 5,926,602 Total currencies 7,125,080 6,065,228 Exchange-traded 239,892 230,018 OTC-cleared 2,383 2,639 Bilateral OTC 241,849 243,228 Total commodities 484,124 475,885 Exchange-traded 1,071,077 910,099 Bilateral OTC 1,075,007 1,182,335 Total equities 2,146,084 2,092,434 Subtotal 47,859,694 39,603,671 Accounted for as hedges OTC-cleared 148,644 123,531 Bilateral OTC 6,741 9,714 Total interest rates 155,385 133,245 OTC-cleared 3,734 4,152 Bilateral OTC 8,882 9,247 Total currencies 12,616 13,399 Subtotal 168,001 146,644 Total notional amounts $48,027,695 $39,750,315 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 $17.15 billion as of March 2020 and $9.15 billion as of December 2019, and derivative liabilities of $20.35 billion as of March 2020 and $14.88 billion as of December 2019, 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. • During the first quarter of 2020, consistent with the rules of a clearing organization, the firm elected to consider its transactions with that clearing organization as settled each day. The impact of this change would have been a reduction in gross credit derivative assets of $3.97 billion and liabilities of $4.15 billion as of December 2019, and a corresponding decrease in counterparty and cash collateral netting, with no impact to the consolidated balance sheets. 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 March 2020 Assets Interest rates $ 18 $ 373,085 $ 853 $ 373,956 Credit – 19,560 4,592 24,152 Currencies – 131,624 443 132,067 Commodities – 24,784 748 25,532 Equities 13 85,247 2,289 87,549 Gross fair value 31 634,300 8,925 643,256 Counterparty netting in levels – (488,529 ) (1,544 ) (490,073 ) Subtotal $ 31 $ 145,771 $ 7,381 $ 153,183 Cross-level counterparty netting (813 ) Cash collateral netting (77,799 ) Net fair value $ 74,571 Liabilities Interest rates $(32 ) $(338,885 ) $ (587 ) $(339,504 ) Credit – (20,300 ) (2,074 ) (22,374 ) Currencies – (131,089 ) (382 ) (131,471 ) Commodities – (29,796 ) (360 ) (30,156 ) Equities (17 ) (85,524 ) (3,862 ) (89,403 ) Gross fair value (49 ) (605,594 ) (7,265 ) (612,908 ) Counterparty netting in levels – 488,529 1,544 490,073 Subtotal $(49 ) $(117,065 ) $(5,721 ) $(122,835 ) Cross-level counterparty netting 813 Cash collateral netting 59,983 Net fair value $ (62,039 ) As of December 2019 Assets Interest rates $ $ $ $ Credit – 17,204 3,525 20,729 Currencies – 80,178 187 80,365 Commodities – 10,648 490 11,138 Equities 21 48,953 687 49,661 Gross fair value 24 436,426 5,446 441,896 Counterparty netting in levels – (340,325 ) (792 ) (341,117 ) Subtotal $ $ $ $ Cross-level counterparty netting 473 Cash collateral netting (56,000 ) Net fair value $ Liabilities Interest rates $ ) $ ) $ ) $ ) Credit – (19,141 ) (1,648 ) (20,789 ) Currencies – (81,826 ) (398 ) (82,224 ) Commodities – (15,306 ) (243 ) (15,549 ) Equities (26 ) (53,817 ) (2,664 ) (56,507 ) Gross fair value (29 ) (421,140 ) (5,421 ) (426,590 ) Counterparty netting in levels – 340,325 792 341,117 Subtotal $ ) $ ) $ ) $ ) Cross-level counterparty netting (473 ) Cash collateral netting 42,144 Net fair value $ ) 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. Level 3 Assets (Liabilities) and Range of Significant $ in millions, except inputs March 2020 December 2019 Interest rates, net $266 $89 Correlation (42)% to 81% (52%/62%) (42)% to 81% (52%/60%) Volatility (bps) 31 to 150 (70/61) 31 to 150 (70/61) Credit, net $2,518 $1,877 Credit spreads (bps) 2 to 872 (154/95) 1 to 559 (96/53) Upfront credit points 1 to 95 (32/25) 2 to 90 (38/32) Recovery rates 1% to 70% (35%/38%) 10% to 60% (31%/25%) Currencies, net $61 $(211) Correlation 20% to 70% (39%/41%) 20% to 70% (37%/36%) Commodities, net $388 $247 Volatility 15% to 187% (45%/42%) 9% to 57% (26%/25%) Natural gas spread $(1.31) to $1.50 ($(0.15)/$(0.09)) $(1.93) to $1.69 ($(0.16)/$(0.17)) Oil spread $(4.71) to $18.31 ($3.92/$1.26) $(4.86) to $19.77 ($9.82/$11.15) Equities, net $(1,573) $(1,977) Correlation (70)% to 99% (53%/62%) (70)% to 99% (42%/45%) Volatility 2% to 129% (27%/20%) 2% to 72% (14%/7%) 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 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 flows 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. 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. • Volatility. • Credit spreads, upfront credit points and recovery rates. • Commodity prices and spreads. 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. • Volatility. • Credit spreads, upfront credit points and recovery rates. • Commodity prices and spreads. 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 Ended March $ in millions 2020 2019 Total level 3 derivatives, net Beginning balance $ 25 $ 590 Net realized gains/(losses) 137 49 Net unrealized gains/(losses) 2,305 (91 ) Purchases 223 110 Sales (413 ) (1,574 ) Settlements 41 384 Transfers into level 3 (801 ) (34 ) Transfers out of level 3 143 (122 ) Ending balance $1,660 $ (688 ) 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 Ended March $ in millions 2020 2019 Interest rates, net Beginning balance $ 89 $ (109 ) Net realized gains/(losses) 7 – Net unrealized gains/(losses) 132 111 Purchases 1 2 Sales (13 ) (4 ) Settlements 37 (17 ) Transfers into level 3 11 (11 ) Transfers out of level 3 2 9 Ending balance $ 266 $ (19 ) Credit, net Beginning balance $ 1,877 $ 1,672 Net realized gains/(losses) (20 ) 8 Net unrealized gains/(losses) 652 80 Purchases 53 42 Sales (27 ) (28 ) Settlements (55 ) (32 ) Transfers into level 3 11 55 Transfers out of level 3 27 77 Ending balance $ 2,518 $ 1,874 Currencies, net Beginning balance $ (211 ) $ 461 Net realized gains/(losses) (6 ) (12 ) Net unrealized gains/(losses) 185 (131 ) Purchases – 2 Sales (11 ) (16 ) Settlements 111 29 Transfers into level 3 (4 ) (1 ) Transfers out of level 3 (3 ) (303 ) Ending balance $ 61 $ 29 Commodities, net Beginning balance $ 247 $ 112 Net realized gains/(losses) 17 18 Net unrealized gains/(losses) 197 15 Purchases 22 3 Sales (69 ) (6 ) Settlements (7 ) (12 ) Transfers into level 3 (11 ) (8 ) Transfers out of level 3 (8 ) 23 Ending balance $ 388 $ 145 Equities, net Beginning balance $(1,977 ) $(1,546 ) Net realized gains/(losses) 139 35 Net unrealized gains/(losses) 1,139 (166 ) Purchases 147 61 Sales (293 ) (1,520 ) Settlements (45 ) 416 Transfers into level 3 (808 ) (69 ) Transfers out of level 3 125 72 Ending balance $(1,573 ) $(2,717 ) Level 3 Rollforward Commentary Three Months Ended March 2020. The net unrealized gains on level 3 derivatives for the three months ended March 2020 were primarily attributable to gains on certain equity derivatives (primarily reflecting the impact of a decrease in equity prices), gains on certain credit derivatives (primarily reflecting the impact of a decrease in interest rates and widening of certain credit spreads), gains on certain commodity derivatives (primarily reflecting the impact of a decrease in commodity prices), gains on certain currency derivatives (primarily reflecting the impact of changes in foreign exchange rates) and gains on certain interest rate derivatives (primarily reflecting a decrease in interest rates). Transfers into level 3 derivatives during the three months ended March 2020 primarily reflected transfers of certain equity derivative liabilities from level 2, principally due to increased significance of certain unobservable inputs used to value these derivatives. Transfers out of level 3 derivatives during the three months ended March 2020 primarily reflected 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 March 2019. The net unrealized losses on level 3 derivatives for the three months ended March 2019 were primarily attributable to losses on certain equity derivatives (primarily reflecting the impact of an increase in equity prices), losses on certain currency derivatives (primarily reflecting the impact of a decrease in interest rates), partially offset by gains on certain interest rate derivatives (primarily reflecting the impact of a decrease in interest rates and changes in foreign exchange rates). The drivers of transfers into level 3 derivatives during the three months ended March 2019 were not material. Transfers out of level 3 derivatives during the three months ended March 2019 primarily reflected transfers of certain currency derivative assets to level 2, principally due to certain unobservable inputs no longer being significant to the valuation of these derivatives, partially offset by transfers of certain credit derivative liabilities to level 2, principally due to certain unobservable credit spread inputs no longer being significant to the valuation of these derivatives, and transfers of certain equity derivative liabilities to level 2, principally due to increased transparency and reduced significance of volatility and correlation inputs used to value these derivatives. OTC Derivatives The table below presents OTC derivative assets and liabilities by tenor and major product type. $ in millions Less than 1 Year 1 - 5 Years Greater than 5 Years Total As of March 2020 Assets Interest rates $ 9,971 $21,382 $70,611 $101,964 Credit 1,776 4,342 4,306 10,424 Currencies 21,673 6,428 8,945 37,046 Commodities 6,741 2,486 512 9,739 Equities 11,562 7,238 3,169 21,969 Counterparty netting in tenors (4,734 ) (5,006 ) (3,722 ) (13,462 ) Subtotal $46,989 $36,870 $83,821 $167,680 Cross-tenor (20,977 ) Cash collateral netting (77,799 ) Total OTC derivative assets $ 68,904 Liabilities Interest rates $ 8,157 $12,908 $45,859 $ 66,924 Credit 1,817 4,433 2,399 8,649 Currencies 17,701 11,104 7,700 36,505 Commodities 7,790 2,711 4,299 14,800 Equities 9,567 7,999 4,298 21,864 Counterparty netting in tenors (4,734 ) (5,006 ) (3,722 ) (13,462 ) Subtotal $40,298 $34,149 $60,833 $135,280 Cross-tenor counterparty netting (20,977 ) Cash collateral netting (59,983 ) Total OTC derivative liabilities $ 54,320 As of December 2019 Assets Interest rates $ 5,521 $15,183 $57,394 $ 78,098 Credit 678 3,259 3,183 7,120 Currencies 10,236 5,063 6,245 21,544 Commodities 2,507 1,212 302 4,021 Equities 7,332 4,509 1,294 13,135 Counterparty netting in tenors (3,263 ) (3,673 ) (2,332 ) (9,268 ) Subtotal $23,011 $25,553 $66,086 $114,650 Cross-tenor counterparty netting (15,639 ) Cash collateral netting (56,000 ) Total OTC derivative assets $ 43,011 Liabilities Interest rates $ 3,654 $ 9,113 $36,470 $ 49,237 Credit 1,368 4,052 1,760 7,180 Currencies 12,486 6,906 4,036 23,428 Commodities 2,796 1,950 3,804 8,550 Equities 5,755 7,381 3,367 16,503 Counterparty netting in tenors (3,263 ) (3,673 ) (2,332 ) (9,268 ) Subtotal $22,796 $25,729 $47,105 $ 95,630 Cross-tenor counterparty netting (15,639 ) Cash collateral netting (42,144 ) Total OTC derivative liabilities $ 37,847 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. 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. • Credit Options. • Credit Indices, Baskets and Tranches. pro-rata • Total Return Swaps. The firm economically hedges its exposure to written credit derivatives primarily by entering into offsetting purchased credit derivatives with identical underliers. Substantially all of the firm’s purchased credit derivative transactions are with financial institutions and are subject to stringent collateral thresholds. In addition, upon the occurrence of a specified trigger event, the firm may take possession of the reference obligations underlying a particular written credit derivative, and consequently may, upon liquidation of the reference obligations, recover amounts on the underlying reference obligations in the event of default. As of March 2020, written credit derivatives had a total gross notional amount of $657.12 billion and purchased credit derivatives had a total gross notional amount of $705.20 billion, for total net notional purchased protection of $48.08 billion. As of December 2019, written credit derivatives had a total gross notional amount of $522.57 billion and purchased credit derivatives had a total gross notional amount of $581.76 billion, for total net notional purchased protection of $59.19 billion. The firm’s written and purchased credit derivatives primarily consist of credit default swaps. The table below presents information about credit derivatives. Credit Spread on Underlier (basis points) $ in millions 0 - 250 251 - 500 501 - 1,000 Greater than 1,000 Total As of March 2020 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $167,856 $ 3,283 $17,312 $ 4,882 $193,333 1 – 5 years 303,456 25,507 16,341 17,346 362,650 Greater than 5 years 91,017 5,570 3,038 1,509 101,134 Total $562,329 $34,360 $36,691 $23,737 $657,117 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $476,787 $29,983 $24,949 $21,639 $553,358 Other $127,244 $ 6,841 $12,957 $ 4,801 $151,843 Fair Value of Written Credit Derivatives Asset $ 3,833 $ 246 $ 30 $ 51 $ 4,160 Liability 4,333 1,939 3,304 8,237 17,813 Net asset/(liability) $ ) $ ) $ ) $ ) $ ) As of December 2019 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $143,566 $ 7,155 $ 759 $ 2,953 $154,433 1 – 5 years 292,444 10,125 5,482 8,735 316,786 Greater than 5 years 48,109 2,260 427 554 51,350 Total $484,119 $19,540 $ 6,668 $12,242 $522,569 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $395,127 $14,492 $ 5,938 $10,543 $426,100 Other $149,092 $ 2,617 $ 1,599 $ 2,354 $155,662 Fair Value of Written Credit Derivatives Asset $ 13,103 $ 446 $ 160 $ 202 $ 13,911 Liability 1,239 448 372 3,490 5,549 Net asset/(liability) $ 11,864 $ (2 ) $ (212 ) $ ) $ 8,362 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. Impact of Credit and Funding Spreads on Derivatives The firm realizes gains or losses on its derivative contracts. These gains or losses include credit valuation adjustments (CVA) relating to uncollateralized derivative assets and liabilities, which represents the gains or losses (including hedges) attributable to the impact of changes in credit exposure, counterparty credit spreads, liability funding spreads (which includes the firm’s own credit), probability of default and assumed recovery. These gains or losses also include funding valuation adjustments (FVA) relating to uncollateralized derivative assets, which represents the gains or losses (including hedges) attributable to the impact of changes in expected funding exposures and funding spreads. The table below presents information about CVA and FVA. Three Months Ended March $ in millions 2020 2019 CVA, net of hedges $ 271 $(163 ) FVA, net of hedges (759 ) 234 Total $(488 ) $ 71 Bifurcated Embedded Derivatives The table below presents the fair value and the notional amount of derivatives that have been bifurcated from their related borrowings. As of $ in millions March 2020 December 2019 Fair value of assets $ 1,361 $ 1,148 Fair value of liabilities 1,715 1,717 Net liability $ 354 $ 569 Notional amount $11,280 $11,003 In the table above, derivatives that have been bifurcated from their related borrowings are recorded at fair value and primarily consist of interest rate, equity and commodity products. These derivatives are included in unsecured short- and long-term borrowings with the related borrowings. Derivatives with Credit-Related Contingent Features Certain of the firm’s derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firm’s credit ratings. The firm assesses the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies. A downgrade by any one rating agency, depending on the agency’s relative ratings of the firm at the time of the downgrade, may have an impact which is comparable to the impact of a downgrade by all rating agencies. 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- two-notch As of $ in millions March 2020 December 2019 Net derivative liabilities under bilateral agreements $49,450 $32,800 Collateral posted $42,925 $28,510 Additional collateral or termination payments: One-notch $ $ 358 Two-notch $ $ 1,268 Hedge Accounting The firm applies hedge accounting for (i) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit and (ii) certain 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. 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 certain interest rate swaps as fair value hedges of certain fixed-rate unsecured long-term and short-term debt and fixed-rate certificates of deposit. These interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate (e.g., London Interbank Offered Rate (LIBOR) or Overnight Index Swap Rate), effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations. The firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value 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 fair value hedges, gains or losses on derivatives are included in interest expense. The change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value (hedging adjustment) and is also included in interest 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 to interest 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 borrowings and deposits, and total interest expense. Three Months Ended March $ in millions 2020 2019 Interest rate hedges $ 6,586 $ 1,256 Hedged borrowings and deposits $(6,679 ) $(1,351 ) Interest expense $ 3,437 $ 4,379 In the table above, the difference between gains/(losses) from interest rate hedges and hedged borrowings and deposits was primarily due to the amortization of prepaid credit spreads resulting from the passage of time. The table below presents the carrying value of the hedged items designated in a 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 March 2020 Deposits $ 19,660 $ Unsecured short-term borrowings $ 7,171 $ Unsecured long-term borrowings $103,057 $12,527 As of December 2019 Deposits $ 19,634 $ 200 Unsecured short-term borrowings $ 6,008 $ 28 Unsecured long-term borrowings $ 87,874 $ 7,292 In the table above, cumulative hedging adjustment included $3.81 billion as of March 2020 and $3.48 billion as of December 2019 of hedging adjustments from prior hedging relationships that were de-designated In addition, 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. The table below presents the gains/(losses) from net investment hedging. Three Months Ended March $ in millions 2020 2019 Hedges: Foreign currency forward contract $756 $14 Foreign currency-denominated debt $ ) $31 Gains or losses on individual net investments in non-U.S. non-U.S. The firm had designated $3.52 billion as of March 2020 and $3.05 billion as of December 2019 of foreign currency-denominated debt, included in unsecured long-term and short-term borrowings, as hedges of net investments in non-U.S.

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Investments, Fair Value Disclosure [Abstract]
Investments	Note 8. 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 held-to-maturity The table below presents information about investments. As of $ in millions March 2020 December 2019 Equity securities, at fair value $21,221 $22,163 Debt instruments, at fair value 23,145 16,570 Available-for-sale 18,289 19,094 Investments, at fair value 62,655 57,827 Held-to-maturity 5,756 5,825 Equity method investments 283 285 Total investments $68,694 $63,937 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 earnings. Equity Securities, at Fair Value. The table below presents information about equity securities, at fair value. As of $ in millions March 2020 December 2019 Equity securities, at fair value $21,221 $22,163 Equity Type Public equity 10% 11% Private equity 90% 89% Total 100% 100% Asset Class Corporate 77% 79% Real estate 23% 21% Total 100% 100% Region Americas 46% 50% EMEA 19% 17% Asia 35% 33% 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 $8.04 billion as of March 2020 and $8.23 billion as of December 2019. Gains recognized by the firm as a result of changes in the fair value of equity securities for which the fair value option was elected was $77 million for the three months ended March 2020 and $165 million for the three months ended March 2019. These gains are included in other principal transactions in the consolidated statements of earnings. • Equity securities, at fair value included $2.71 billion as of March 2020 and $3.22 billion as of December 2019 of investments in funds that are measured at NAV. • EMEA represents Europe, Middle East and Africa. Debt Instruments, at Fair Value. , The table below presents information about debt instruments, at fair value. As of $ in millions March 2020 December 2019 Corporate debt securities $ 9,923 $10,838 Securities backed by real estate 2,560 2,619 Money market instruments 9,332 1,681 Other 1,330 1,432 Total $23,145 $16,570 In the table above: • Money market instruments primarily includes commercial paper, certificates of deposit and time deposits. The increase in money market instruments from December 2019 to March 2020 was primarily related to the firm’s purchase of commercial paper and certificates of deposit from affiliated and non-affiliated money market funds. See Note 22 for further information about purchases by Goldman Sachs Bank USA (GS Bank USA) from two affiliated money market funds. • Other included $840 million as of March 2020 and $983 million as of December 2019 of investments in credit funds that are measured at NAV. Investments in Funds at Net Asset Value Per Share. 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 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 The firm also invests in hedge funds, primarily multi-disciplinary hedge funds that employ a fundamental bottom-up Private equity, hedge and real estate funds described above are primarily “covered funds” as defined in the Volcker Rule of the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Board of Governors of the Federal Reserve System (FRB) extended the conformance period to July 2022 for the firm’s investments in, and relationships with, certain legacy “illiquid funds” (as defined in the Volcker Rule) that were in place prior to December 2013. This extension is applicable to substantially all of the firm’s remaining investments in, and relationships with, such covered funds. Substantially all of the credit funds described above are not covered funds. 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 March 2020 Private equity funds $2,285 $ Credit funds 840 730 Hedge funds 106 – Real estate funds 314 194 Total $3,545 $1,677 As of December 2019 Private equity funds $2,767 $ 765 Credit funds 983 820 Hedge funds 125 – Real estate funds 331 196 Total $4,206 $1,781 Available-for-Sale Available-for-sale The table below presents information about available-for-sale $ in millions Amortized Cost Fair Value Weighted Average Yield As of March 2020 Less than 5 years $14,038 $14,472 1.53% Greater than 5 years 3,505 3,817 1.85% Total $17,543 $18,289 1.59% As of December 2019 Less than 5 years $14,063 $14,041 1.53% Greater than 5 years 4,974 5,053 2.10% Total $19,037 $19,094 1.68% In the table above: • Available-for-sale • The firm sold available-for-sale • The gross unrealized gains included in accumulated other comprehensive income/(loss) were $746 million as of March 2020 and $137 million as of December 2019. The gross unrealized losses included in accumulated other comprehensive income/(loss) were not material as of December 2019. • Beginning in January 2020, available-for-sale about 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 March 2020 Government and agency obligations: U.S. $18,289 $ – $ – $18,289 Non-U.S. – 23 – 23 Corporate debt securities 54 2,720 7,149 9,923 Securities backed by real estate – 1,785 775 2,560 Money market instruments 29 9,303 – 9,332 Other debt obligations – 39 428 467 Equity securities 236 7,224 11,056 18,516 Subtotal $18,608 $21,094 $19,408 $59,110 Investments in funds at NAV 3,545 Total investments $62,655 As of December 2019 Government and agency obligations: U.S. $19,094 $ $ $19,094 Non-U.S. – 36 – 36 Corporate debt securities 48 7,325 3,465 10,838 Securities backed by real estate – 2,024 595 2,619 Money market instruments 732 949 – 1,681 Other debt obligations – 94 319 413 Equity securities 251 7,786 10,903 18,940 Subtotal $20,125 $18,214 $15,282 $53,621 Investments in funds at NAV 4,206 Total investments $57,827 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. Level 3 Assets and Range of Significant Unobservable Inputs (Weighted Average) as of $ in millions March 2020 December 2019 Corporate debt securities Level 3 assets $7,149 $3,465 Yield 4.6% to 25.2% ( 11.8 ) 5.5% to 29.8% ( 12.0 ) Recovery rate 40.0% to 100.0% ( 65.8 ) 25.0% to 100.0% ( 68.5 ) Duration (years) 1.5 to 8.0 (4.0 ) 2.9 to 5.9 (5.0 ) Multiples 0.6x to 39.7x (7.4x ) 0.6x to 24.4x (7.0x ) Securities backed by real estate Level 3 assets $775 $595 Yield 10.0% to 20.3% ( 15.8 ) 9.4% to 20.3% ( 16.0 ) Recovery rate 25.0% to 35.0% ( 33.5 ) 33.1% to 34.4% ( 33.5 ) Duration (years) 0.4 to 3.7 (2.3 ) 0.4 to 3.0 (0.9 ) Other debt obligations Level 3 assets $428 $319 Yield 3.2% to 6.0% ( 4.2 ) 3.4% to 5.2% ( 4.5 ) Duration (years) 3.7 to 9.8 (6.8 ) 4.0 to 8.0 (6.7 ) Equity securities Level 3 assets $11,056 $10,903 Multiples 0.5x to 23.8x (8.0x ) 0.8x to 36.0x (8.0x ) Discount rate/yield 4.9% to 20.3% ( 14.0 ) 2.1% to 20.3% ( 13.4 ) Capitalization rate 3.7% to 16.0% ( 5.9 ) 3.6% to 15.1% ( 6.1 ) 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 March 2020 and December 2019. 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. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 investments. Three Months Ended March $ in millions 2020 2019 Beginning balance $15,282 $13,548 Net realized gains/(losses) 75 35 Net unrealized gains/(losses) (1,284 ) 239 Purchases 348 217 Sales (197 ) (37 ) Settlements (325 ) (232 ) Transfers into level 3 6,480 967 Transfers out of level 3 (971 ) (461 ) Ending balance $19,408 $14,276 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 Ended March $ in millions 2020 2019 Corporate debt securities Beginning balance $ 3,465 $ 2,540 Net realized gains/(losses) 50 11 Net unrealized gains/(losses) (465 ) 50 Purchases 69 86 Sales (174 ) – Settlements (166 ) (42 ) Transfers into level 3 4,394 260 Transfers out of level 3 (24 ) (214 ) Ending balance $ 7,149 $ 2,691 Securities backed by real estate Beginning balance $ $ 457 Net realized gains/(losses) 6 2 Net unrealized gains/(losses) (72 ) 7 Purchases 52 – Settlements (12 ) (33 ) Transfers into level 3 206 – Transfers out of level 3 – (22 ) Ending balance $ $ 411 Equity securities Beginning balance $10,903 $10,335 Net realized gains/(losses) 17 22 Net unrealized gains/(losses) (766 ) 182 Purchases 227 112 Sales (23 ) (36 ) Settlements (145 ) (157 ) Transfers into level 3 1,790 707 Transfers out of level 3 (947 ) (225 ) Ending balance $11,056 $10,940 Other debt obligations Beginning balance $ $ 216 Net realized gains/(losses) 2 – Net unrealized gains/(losses) 19 – Purchases – 19 Sales – (1 ) Settlements (2 ) – Transfers into level 3 90 – Ending balance $ $ 234 Level 3 Rollforward Commentary Three Months Ended March 2020. The net unrealized losses on level 3 investments for the three months ended March 2020 primarily reflected losses on certain private equity securities and corporate debt securities, principally driven by weak corporate performance. Transfers into level 3 investments during the three months ended March 2020 primarily reflected transfers of certain corporate debt securities and private equity securities from level 2, principally due to certain unobservable yield and duration inputs becoming significant to the valuation of these instruments and as a result of a lack of market evidence, including fewer transactions in these instruments. Transfers out of level 3 investments during the three months ended March 2020 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. Three Months Ended March 2019. The net unrealized gains on level 3 investments for the three months ended March 2019 primarily reflected gains on certain private equity securities, principally driven by company-specific events and corporate performance. Transfers into level 3 investments during the three months ended March 2019 primarily reflected transfers of certain private equity securities and corporate debt from level 2, principally due to reduced price transparency as a result of a lack of market evidence, including fewer transactions in these instruments. Transfers out of level 3 investments during the three months ended March 2019 primarily reflected transfers of certain private equity securities and corporate debt securities to level 2, principally due to increased price transparency as a result of market evidence, including market transactions in these instruments. Held-to-Maturity Held-to-maturity The table below presents information about held-to-maturity $ in millions Amortized Cost Fair Value Weighted Average Yield As of March 2020 Less than 5 years $3,531 $3,751 2.40% Greater than 5 years 1,524 1,680 2.25% Total U.S. government obligations 5,055 5,431 2.35% Less than 5 years 5 5 3.91% Greater than 5 years 696 688 1.62% Total securities backed by real estate 701 693 1.64% Total held-to-maturity $5,756 $6,124 2.27% As of December 2019 Less than 5 years $3,534 $3,613 2.40% Greater than 5 years 1,534 1,576 2.25% Total U.S. government obligations 5,068 5,189 2.35% Less than 5 years 6 6 4.16% Greater than 5 years 751 769 1.67% Total securities backed by real estate 757 775 1.69% Total held-to-maturity $5,825 $5,964 2.27% 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 substantially all securities backed by real estate would have been classified in level 2 of the fair value hierarchy as of both March 2020 and December 2019. • The gross unrealized gains were $395 million as of March 2020 and $141 million as of December 2019. The gross unrealized losses were not material as of both March 2020 and December 2019. • Beginning in January 2020, held-to-maturity

Loans

Loans	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans	Note 9. Loans Loans include (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 Cost Fair Value Held For Sale Total As of March 2020 Loan Type Corporate $ 63,697 $ 2,915 $1,918 $ 68,530 Wealth management 21,183 7,834 – 29,017 Commercial real estate 14,165 2,005 660 16,830 Residential real estate 3,911 474 28 4,413 Consumer: Installment 4,826 – – 4,826 Credit cards 2,081 – – 2,081 Other 4,472 601 551 5,624 Total loans, gross 114,335 13,829 3,157 131,321 Allowance for loan losses (2,868 ) – – (2,868 ) Total loans $111,467 $13,829 $3,157 $128,453 As of December 2019 Loan Type Corporate $ 41,129 $ 3,224 $1,954 $ 46,307 Wealth management 20,116 7,824 – 27,940 Commercial real estate 13,258 1,876 2,609 17,743 Residential real estate 6,132 792 34 6,958 Consumer: Installment 4,747 – – 4,747 Credit cards 1,858 – – 1,858 Other 3,396 670 726 4,792 Total loans, gross 90,636 14,386 5,323 110,345 Allowance for loan losses (1,441 ) – – (1,441 ) Total loans $ 89,195 $14,386 $5,323 $108,904 The following is a description of the loan types in the table above: • Corporate. • Wealth Management. • Commercial Real Estate. • Residential Real Estate. • Installment. • Credit Cards. • Other. Loans accounted for at amortized cost included PCI loans with a carrying value of $1.62 billion (outstanding principal balance of $3.23 billion and accretable yield of $220 million) as of December 2019, which were secured by commercial and residential real estate. In January 2020, the firm elected the fair value option for these PCI loans in accordance with ASU No. 2016-13. Credit Quality Risk Assessment. 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/ Unrated Total As of March 2020 Accounting Method Amortized cost $40,637 $64,397 $ 9,301 $114,335 Fair value 2,386 4,640 6,803 13,829 Held for sale 257 2,044 856 3,157 Total $43,280 $71,081 $16,960 $131,321 Loan Type Corporate $18,972 $49,050 $ $ 68,530 Wealth management 20,393 4,275 4,349 29,017 Real estate: Commercial 478 14,179 2,173 16,830 Residential 259 2,875 1,279 4,413 Consumer: Installment – – 4,826 4,826 Credit cards – – 2,081 2,081 Other 3,178 702 1,744 5,624 Total $43,280 $71,081 $16,960 $131,321 Secured 67% 90% 54% 78% Unsecured 33% 10% 46% 22% Total 100% 100% 100% 100% As of December 2019 Accounting Method Amortized cost $30,266 $51,222 $ 9,148 $ 90,636 Fair value 2,844 5,174 6,368 14,386 Held for sale 323 4,368 632 5,323 Total $33,433 $60,764 $16,148 $110,345 Loan Type Corporate $10,507 $35,509 $ 291 $ 46,307 Wealth management 20,001 3,576 4,363 27,940 Real estate: Commercial 306 15,997 1,440 17,743 Residential 244 4,600 2,114 6,958 Consumer: Installment – – 4,747 4,747 Credit cards – – 1,858 1,858 Other 2,375 1,082 1,335 4,792 Total $33,433 $60,764 $16,148 $110,345 Secured 83% 91% 54% 83% Unsecured 17% 9% 46% 17% Total 100% 100% 100% 100% In the table above: • Substantially all of the other/unrated wealth management loans consists of loans backed by residential real estate, and real estate and other loans primarily consists of purchased real estate - loan-to-value • Installment and credit card loans represent loans originated by the firm. An important credit-quality indicator for such loans is the FICO credit score, which measures a borrower’s creditworthiness by considering factors such as payment and credit history. FICO credit scores are refreshed by the firm to assess the updated creditworthiness of the borrower. The table below presents gross installment and credit card loans and the concentration by refreshed FICO credit score. As of $ in millions March 2020 December 2019 Installment, gross $4,826 $4,747 Credit cards, gross 2,081 1,858 Total $6,907 $6,605 Refreshed FICO credit score Greater than or equal to 660 82% 85% Less than 660 18% 15% Total 100% 100% In March 2020, in response to the global outbreak of the coronavirus (COVID-19) pandemic, the firm announced a customer assistance program providing borrowers of installment and credit card loans the flexibility to defer a payment for up to two months at no cost. The impact of this program was not material to the firm’s results for the three months ended March 2020. 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 91% of loans as of both March 2020 and December 2019 that were rated pass/non-criticized. Vintage. As of March 2020 $ in millions Investment- Grade Non-Investment- Grade Other/ Unrated Total 2020 $ 1,151 $ 2,522 $ – $ 3,673 2019 1,648 8,081 18 9,747 2018 2,383 4,277 – 6,660 2017 883 3,977 – 4,860 2016 165 1,626 – 1,791 2015 or earlier 435 2,648 – 3,083 Revolving 11,617 22,240 26 33,883 Corporate $18,282 $45,371 $ $ 63,697 2020 $ $ $ – $ 2019 532 398 – 930 2018 393 90 – 483 2017 400 75 – 475 2016 30 65 – 95 2015 or earlier 540 208 – 748 Revolving 16,663 1,557 15 18,235 Wealth management $18,730 $ 2,438 $ $ 21,183 2020 $ – $ $ $ 2019 57 1,870 27 1,954 2018 195 2,484 19 2,698 2017 18 1,718 25 1,761 2016 – 180 12 192 2015 or earlier – 589 691 1,280 Revolving – 5,584 – 5,584 Commercial real estate $ $13,057 $ $ 14,165 2020 $ – $ $ $ 2019 – 707 251 958 2018 – 169 316 485 2017 179 95 169 443 2016 – 524 – 524 2015 or earlier – – 70 70 Revolving 79 1,242 – 1,321 Residential real estate $ $ 2,829 $ $ 3,911 2020 $ – $ $ $ 2019 – 45 57 102 2018 – 53 13 66 2017 – 19 5 24 2016 – 1 – 1 Revolving 3,097 562 118 3,777 Other $ 3,097 $ $ $ 4,472 Total $40,637 $64,397 $2,394 $107,428 In the table above, revolving loans which converted to term loans were not material as of March 2020. The table below presents gross originated installment loans by origination year and credit card revolving loans. $ in millions As of March 2020 2020 $ 2019 2,043 2018 1,686 2017 355 2016 19 Revolving 2,081 Total $6,907 Credit Concentrations. $ in millions Carrying Value Americas EMEA Asia Total As of March 2020 Corporate $ 68,530 67% 26% 7% 100% Wealth management 29,017 88% 9% 3% 100% Commercial real estate 16,830 69% 21% 10% 100% Residential real estate 4,413 87% 11% 2% 100% Consumer: Installment 4,826 100% – – 100% Credit cards 2,081 100% – – 100% Other 5,624 87% 12% 1% 100% Total $131,321 75% 19% 6% 100% As of December 2019 Corporate $ 46,307 60% 31% 9% 100% Wealth management 27,940 88% 9% 3% 100% Commercial real estate 17,743 69% 21% 10% 100% Residential real estate 6,958 90% 9% 1% 100% Consumer: Installment 4,747 100% – – 100% Credit cards 1,858 100% – – 100% Other 4,792 87% 12% 1% 100% Total $110,345 73% 21% 6% 100% The table below presents the concentration of gross corporate loans by industry. As of $ in millions March 2020 December 2019 Corporate, gross $68,530 $46,307 Industry Consumer, Retail & Healthcare 17% 15% Diversified Industrials 22% 17% Financial Institutions 9% 10% Funds 6% 9% Natural Resources & Utilities 11% 12% Real Estate 8% 7% Technology, Media & Telecommunications 18% 17% Other (including Special Purpose Vehicles) 9% 13% Total 100% 100% The table below presents the firm’s credit exposure from originated installment and credit card loans and the concentration by the five most concentrated U.S. states. As of $ in millions March 2020 December 2019 Installment $4,826 $4,747 California 12% 12% Texas 9% 9% New York 7% 7% Florida 7% 7% Illinois 4% 4% Other 61% 61% Total 100% 100% Credit Cards $2,081 $1,858 California 20% 21% Texas 9% 9% New York 8% 8% Florida 8% 8% Illinois 4% 4% Other 51% 50% Total 100% 100% Nonaccrual and Past Due Loans. In certain circumstances, the firm may also modify the original terms of a loan agreement by granting a concession to a borrower experiencing financial difficulty. Such modifications are considered troubled debt restructurings and typically include interest rate reductions, payment extensions and modification of loan covenants. The table below presents information about past due loans. $ in millions 30-89 90 days or more Total As of March 2020 Corporate $ $172 $ Wealth management 20 16 36 Commercial real estate 127 91 218 Residential real estate 11 23 34 Consumer: Installment 65 23 88 Credit cards 35 39 74 Other 11 1 12 Total $ $ $ Past due loans divided by gross loans at amortized cost 0.6% As of December 2019 Corporate $197 $ 42 $239 Wealth management 13 15 28 Commercial real estate 54 123 177 Residential real estate 19 18 37 Consumer: Installment 71 29 100 Credit cards 35 4 39 Other 6 1 7 Total $395 $232 $627 Past due loans divided by gross loans at amortized cost 0.7% The table below presents information about nonaccrual loans. As of $ in millions March 2020 December 2019 Corporate $1,622 $1,122 Wealth management 53 52 Commercial real estate 155 175 Residential real estate 156 143 Installment 35 38 Total $2,021 $1,530 Nonaccrual loans divided by gross loans at amortized cost 1.8% 1.7% In the table above: • Nonaccrual loans included $502 million as of March 2020 and $429 million as of December 2019 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 March 2020 and December 2019. • Nonaccrual loans included $302 million as of March 2020 and $251 million as of December 2019 of corporate loans that were modified in a troubled debt restructuring. The firm’s lending commitments related to these loans were not material as of both March 2020 and December 2019. Installment loans that were modified in a troubled debt restructuring were not material as of both March 2020 and December 2019. 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. The firm adopted ASU No. 2016-13 in January 2020, which replaced the incurred credit loss model for recognizing credit losses with the CECL model. As a result, the firm’s allowance for credit losses effective January 2020 reflects management’s estimate of credit losses over the remaining expected life of such loans and also considers forecasts of future economic conditions. Prior to January 2020, the allowance for credit losses reflected probable incurred credit losses. See Note 3 for further information about the adoption of CECL. 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. Prior to January 2020, the firm also had PCI loans which were classified as a separate portfolio. 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 asset-specific basis for loans that do not share similar risk characteristics. Under CECL, the allowance for loan losses takes into account the weighted average of a range of forecasts of future economic conditions over the expected life of the loan. These forecasts include baseline, favorable and adverse economic scenarios. The allowance for loan losses also includes qualitative components which allow management to reflect the uncertain nature of economic forecasting and account for model imprecision. Management’s estimate of loan losses entails judgment about loan collectability at the reporting dates, and there are uncertainties inherent in those judgments. 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 March 2020 December 2019 $ in millions Loans Lending Commitments Loans Lending Commitments Wholesale Corporate $ 63,697 $107,403 $41,129 $127,226 Wealth management 21,183 2,441 20,116 2,198 Commercial real estate 14,165 2,886 12,803 3,207 Residential real estate 3,911 1,293 4,965 759 Other 4,472 3,021 3,396 3,029 Consumer Installment 4,826 10 4,747 12 Credit cards 2,081 16,447 1,858 13,669 PCI – – 1,622 – Total $114,335 $133,501 $90,636 $150,100 In the table above, wholesale loans included $1.99 billion as of March 2020 and $1.49 billion as of December 2019 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 $327 million as of March 2020 and $207 million as of December 2019. These loans included $543 million as of March 2020 and $754 million as of December 2019 of loans which did not require a reserve as the loan was deemed to be recoverable. 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 loan losses for wholesale loans that do not share similar risk characteristics, such as nonaccrual loans or loans in a troubled debt restructuring, is measured on an asset-specific basis and 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 in a troubled debt restructuring 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. 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. The table below presents information about the allowance for credit losses. $ in millions Wholesale Consumer PCI Total Three Months Ended March 2020 Allowance for loan losses Beginning balance, reported $ $ $ 169 $1,441 Impact of CECL adoption 452 444 (169 ) 727 Beginning balance, adjusted 1,331 837 – 2,168 Net charge-offs (50 ) (81 ) – (131 ) Provision 746 169 – 915 Other (84 ) – – (84 ) Ending balance $1,943 $ $ $2,868 Allowance for losses on lending commitments Beginning balance, reported $ $ $ $ Impact of CECL adoption (48 ) – – (48 ) Beginning balance, adjusted 313 – – 313 Provision 22 – – 22 Ending balance $ $ $ $ Year Ended December 2019 Allowance for loan losses Beginning balance $ 658 $ 292 $ $1,066 Net charge-offs (121 ) (317 ) (52 ) (490 ) Provision 469 418 103 990 Other (127 ) – 2 (125 ) Ending balance $ 879 $ 393 $ $1,441 Allowance for losses on lending commitments Beginning balance $ 286 $ $ $ 286 Provision 75 – – 75 Ending balance $ 361 $ $ $ 361 In the table above: • The impact of CECL adoption for wholesale and consumer loans is driven by the fact that the allowance under CECL covers expected credit losses over the full expected life of the loan portfolios and also considers forecasts of expected future economic conditions. The impact of CECL adoption for PCI loans was as a result of the firm electing to apply the fair value option for such loans. • Net charge-offs for wholesale loans were primarily related to corporate loans for both the three months ended March 2020 and the year ended December 2019. Net charge-offs for consumer loans were substantially all related to installment loans for both the three months ended March 2020 and the year ended December 2019. • The provision for credit losses for the three months ended March 2020 on wholesale loans was primarily related to corporate loans and was driven by growth in the firm’s wholesale loan portfolio, asset-specific provisions relating to borrowers in the oil and gas sector and the impact of the COVID-19 pandemic on the broader economic outlook. The provision for credit losses for wholesale loans was substantially all related to corporate loans for the year ended December 2019. • The provision for credit losses for the three months ended March 2020 on consumer loans was primarily related to seasoning of credit card loans. The provision for credit losses related to consumer loans was primarily related to installment loans for the year ended December 2019. • Other represents the reduction to the allowance related to loans and lending commitments transferred to held for sale. • The allowance The allowance • The net charge-off The net charge-off ratio for consumer loans accounted for at amortized cost was 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 March 2020 Loan Type Corporate $ – $ 1,871 $1,044 $ 2,915 Wealth management – 7,773 61 7,834 Commercial real estate – 942 1,063 2,005 Residential real estate – 214 260 474 Other – 276 325 601 Total $ – $11,076 $2,753 $13,829 As of December 2019 Loan Type Corporate $ – $ 2,472 $ 752 $ 3,224 Wealth management – 7,764 60 7,824 Commercial real estate – 1,285 591 1,876 Residential real estate – 571 221 792 Other – 404 266 670 Total $ – $12,496 $1,890 $14,386 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 $(27) million for the three months ended March 2020 and $102 million for the three months ended March 2019. These gains/(losses) were included in other principal transactions. 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 loans. 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. Level 3 Assets and Range of Significant Unobservable $ in millions March 2020 December 2019 Corporate Level 3 assets $1,044 $752 Yield 3.1% to 26.3% ( 12.5 1.9% to 26.3% ( 9.5 Recovery rate 15.1% to 85.4% ( 40.6 13.5% to 78.0% ( 44.4 Duration (years) 1.7 to 4.3 (3.2) 3.7 to 5.8 (3.9) Commercial real estate Level 3 assets $1,063 $591 Yield 7.0% to 26.3% ( 11.2 7.0% to 16.0% (9.3 Recovery rate 6.7% to 65.0% ( 29.5 5.9% to 85.2% ( 48.6 Duration (years) 0.3 to 5.9 (3.3) 0.2 to 5.3 (3.5) Residential real estate Level 3 assets $260 $221 Yield 1.6% to 14.0% ( 11.9 1.1% to 14.0% ( 11.5 Duration (years) 1.0 to 5.2 (3.8) 1.1 to 4.8 (4.0) Wealth management and other Level 3 assets $386 $326 Yield 2.7% to 11.5% ( 9.6 3.9% to 16.0% ( 9.9 Duration (years) 1.5 to 5.1 (3.2) 1.6 to 6.7 (3.7) 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 March 2020 and December 2019. Due to the distinctive nature of each level 3 loan, the interrelationship of inputs is not necessarily uniform within each product type. • Loans are valued using discounted cash flows. Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 loans. Three Months Ended March $ in millions 2020 2019 Beginning balance $1,890 $1,990 Net realized gains/(losses) 27 26 Net unrealized gains/(losses) (54 ) 1 Purchases 473 44 Sales (12 ) (3 ) Settlements (221 ) (124 ) Transfers into level 3 653 170 Transfers out of level 3 (3 ) (35 ) Ending balance $2,753 $2,069 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 Ended March $ in millions 2020 2019 Corporate Beginning balance $ $659 Net realized gains/(losses) 10 2 Net unrealized gains/(losses) (11 ) (14 ) Purchases 156 34 Sales (7 ) – Settlements (40 ) (4 ) Transfers into level 3 187 81 Transfers out of level 3 (3 ) (32 ) Ending balance $1,044 $726 Commercial real estate Beginning balance $ $677 Net realized gains/(losses) 17 7 Net unrealized gains/(losses) 7 7 Purchases 236 1 Sales (5 ) (2 ) Settlements (115 ) (47 ) Transfers into level 3 332 – Transfers out of level 3 – (3 ) Ending balance $1,063 $640 Residential real estate Beginning balance $ $290 Net realized gains/(losses) – 8 Net unrealized gains/(losses) (17 ) (2 ) Purchases 42 9 Sales – (1 ) Settlements (27 ) (30 ) Transfers into level 3 41 – Ending balance $ $274 Wealth management and other Beginning balance $ $364 Net realized gains/(losses) – 9 Net unrealized gains/(losses) (33 ) 10 Purchases 39 – Settlements (39 ) (43 ) Transfers into level 3 93 89 Ending balance $ $429 Level 3 Rollforward Commentary Three Months Ended March 2020. The drivers of the net unrealized losses on level 3 loans for the three months ended March 2020 were not material. Transfers into level 3 loans during the three months ended March 2020 primarily reflected transfer of certain commercial real estate loans and corporate loans 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. The drivers of transfers out of level 3 loans during the three months ended March 2020 were not material. Three Months Ended March 2019. The drivers of the net unrealized gains on level 3 loans for the three months ended March 2019 were not material. The drivers of transfers into and out of level 3 loans during the three months ended March 2019 were not material. Estimated 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. $ in millions Carrying Value Estimated Fair Value Level 2 Level 3 Total As of March 2020 Amortized cost $111,467 $54,658 $53,979 $108,637 Held for sale $ 3,157 $ 1,646 $ 1,564 $ 3,210 As of December 2019 Amortized cost $ 89,195 $52,091 $37,095 $ 89,186 Held for sale $ 5,323 $ 4,157 $ 1,252 $ 5,409

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Option	Note 10. 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: • Repurchase agreements and substantially all resale agreements; • Securities borrowed and loaned in FICC financing; • Most other secured financings, including transfers of assets accounted for as financings and collateralized central bank financings ; • Certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; • Certain customer and other receivables, including certain margin loans; and • 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. 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 March 2020 Assets Resale agreements $ – $ 132,333 $ – $ 132,333 Securities borrowed – 29,771 – 29,771 Customer and other receivables – 53 – 53 Total $ – $ 162,157 $ – $ 162,157 Liabilities Deposits $ – $ (20,726 ) $ (3,996 ) $ (24,722 ) Repurchase agreements – (95,852 ) (12 ) (95,864 ) Securities loaned – (1,148 ) – (1,148 ) Other secured financings – (28,761 ) (1,230 ) (29,991 ) Unsecured borrowings: Short-term – (13,572 ) (5,411 ) (18,983 ) Long-term – (32,637 ) (10,676 ) (43,313 ) Other liabilities – (2 ) (325 ) (327 ) Total $ – $(192,698 ) $(21,650 ) $(214,348 ) As of December 2019 Assets Resale agreements $ – $ $ $ Securities borrowed – 26,279 – 26,279 Customer and other receivables – 53 – 53 Total $ – $ $ $ Liabilities Deposits $ – $ ) $ ) $ ) Repurchase agreements – (117,726 ) (30 ) (117,756 ) Securities loaned – (714 ) – (714 ) Other secured financings – (17,685 ) (386 ) (18,071 ) Unsecured borrowings: Short-term – (20,300 ) (5,707 ) (26,007 ) Long-term – (32,920 ) (10,741 ) (43,661 ) Other liabilities – (1 ) (149 ) (150 ) Total $ – $ ) $ ) $ ) 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 assets and liabilities at fair value as of both March 2020 and December 2019. Other Secured Financings. As of March 2020: • Yield: 2.2% to 4.2% (weighted average: 2.6%) • Duration: 0.4 to 3.8 years (weighted average: 3.3 years) As of December 2019: • Yield: 3.3% to 4.2% (weighted average: 3.5%) • Duration: 0.6 to 2.1 years (weighted average: 1.0 year) 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. Repurchase Agreements. 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 Ended March $ in millions 2020 2019 Beginning balance $(21,036 ) $(19,397 ) Net realized gains/(losses) (130 ) (79 ) Net unrealized gains/(losses) 3,160 (1,494 ) Issuances (7,643 ) (3,036 ) Settlements 5,157 3,307 Transfers into level 3 (1,596 ) (571 ) Transfers out of level 3 438 351 Ending balance $(21,650 ) $(20,919 ) 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 Ended March $ in millions 2020 2019 Deposits Beginning balance $ (4,023 ) $ (3,168 ) Net realized gains/(losses) (11 ) (1 ) Net unrealized gains/(losses) 117 (142 ) Issuances (335 ) (197 ) Settlements 309 111 Transfers into level 3 (121 ) (16 ) Transfers out of level 3 68 62 Ending balance $ (3,996 ) $ (3,351 ) Repurchase agreements Beginning balance $ ) $ (29 ) Net unrealized gains/(losses) 3 (4 ) Settlements 15 4 Ending balance $ ) $ (29 ) Other secured financings Beginning balance $ ) $ (170 ) Net realized gains/(losses) (44 ) 11 Net unrealized gains/(losses) 107 (10 ) Issuances (14 ) (11 ) Settlements 92 8 Transfers into level 3 (985 ) (20 ) Ending balance $ (1,230 ) $ (192 ) Unsecured short-term borrowings Beginning balance $ (5,707 ) $ (4,076 ) Net realized gains/(losses) (11 ) 7 Net unrealized gains/(losses) 1,538 (425 ) Issuances (3,954 ) (2,155 ) Settlements 2,718 1,344 Transfers into level 3 (270 ) (338 ) Transfers out of level 3 275 130 Ending balance $ (5,411 ) $ (5,513 ) Unsecured long-term borrowings Beginning balance $(10,741 ) $(11,823 ) Net realized gains/(losses) (72 ) (103 ) Net unrealized gains/(losses) 1,571 (912 ) Issuances (3,332 ) (666 ) Settlements 2,023 1,840 Transfers into level 3 (220 ) (197 ) Transfers out of level 3 95 159 Ending balance $(10,676 ) $(11,702 ) Other liabilities Beginning balance $ ) $ (131 ) Net realized gains/(losses) 8 7 Net unrealized gains/(losses) (176 ) (1 ) Issuances (8 ) (7 ) Ending balance $ ) $ (132 ) Level 3 Rollforward Commentary Three Months Ended March 2020. and million reported in other principal transactions in the consolidated statements of earnings, and The unrealized gains on level 3 other financial liabilities for the three months ended March 2020 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. Transfers into level 3 other financial liabilities during the three months ended March 2020 primarily reflected transfers of certain other secured financings and 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 March 2020 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. Three Months Ended March 2019. The net unrealized losses on level 3 other financial liabilities for the three months ended March 2019 primarily reflected losses on certain hybrid financial instruments included in unsecured long-term and short-term borrowings, principally due to an increase in global equity prices. Transfers into level 3 other financial liabilities during the three months ended March 2019 primarily reflected transfers of certain hybrid financial instruments included in unsecured short-term and long-term borrowings from level 2, principally due to reduced 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 March 2019 primarily reflected transfers of certain hybrid financial instruments included in unsecured long-term and short-term borrowings to level 2, principally due to increased transparency of certain volatility and correlation 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 Ended March $ in millions 2020 2019 Unsecured short-term borrowings $4,481 $(1,616 ) Unsecured long-term borrowings 992 (2,229 ) Other 398 (476 ) Total $5,871 $(4,321 ) 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 both the three months ended March 2020 and March 2019. 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 customer and other receivables, 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 $546 million as of March 2020. The difference between the aggregate contractual principal amount and the related fair value of long-term other secured financings for which the fair value option was elected was not material as of December 2019. The aggregate contractual principal amount of unsecured long-term borrowings for which the fair value option was elected exceeded the related fair value by $823 million as of March 2020, and the fair value exceeded the aggregate contractual principal amount by $199 million as of December 2019. The amounts above include both principal-protected and non-principal-protected 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 Ended March $ in millions 2020 2019 DVA (pre-tax) $3,871 $(1,889 ) DVA (net of tax) $2,914 $(1,417 ) In the table above: • DVA (net of tax) is included in debt valuation adjustment in the consolidated statements of comprehensive income. • The gains/(losses) reclassified to earnings from accumulated other comprehensive income/(loss) upon extinguishment of such financial liabilities were not material for both the three months ended March 2020 and March 2019. 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 on the consolidated balance sheets) for which the fair value option was elected. As of $ in millions March 2020 December 2019 Performing loans Aggregate contractual principal in excess of fair value $ $ 809 Loans on nonaccrual status and/or more than 90 days past due Aggregate contractual principal in excess of fair value $8,591 $6,703 Aggregate fair value $3,472 $2,776 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 $6 million as of March 2020 and $24 million as of December 2019, and the related total contractual amount of these lending commitments was $2.33 billion as of March 2020 and $1.55 billion as of December 2019. See Note 18 for further information about lending commitments. Impact of Credit Spreads on Loans and Lending Commitments The estimated net gain/(loss) attributable to changes in instrument-specific credit spreads on loans and lending commitments for which the fair value option was elected was $(194) million for the three months ended March 2020 and $77 million for the three months ended March 2019. The firm generally calculates the fair value of loans and lending commitments for which the fair value option is elected by discounting future cash flows at a rate which incorporates the instrument-specific credit spreads. For floating-rate loans and lending commitments, substantially all changes in fair value are attributable to changes in instrument-specific credit spreads, whereas for fixed-rate loans and lending commitments, changes in fair value are also attributable to changes in interest rates.

Collateralized Agreements and F

Collateralized Agreements and Financings	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Collateralized Agreements and Financings	Note 11. 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 The table below presents the carrying value of resale and repurchase agreements and securities borrowed and loaned transactions. As of $ in millions March 2020 December 2019 Resale agreements $132,333 $ 85,691 Securities borrowed $121,670 $136,071 Repurchase agreements $ 95,864 $117,756 Securities loaned $ 13,869 $ 14,985 In the table above: • Substantially all resale agreements and all 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 of $29.77 billion as of March 2020 and $26.28 billion as of December 2019, and securities loaned of $1.15 billion as of March 2020 and $714 million as of December 2019 were at fair value. 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”) 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 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. Securities borrowed and loaned within Equities financing are recorded based on the amount of cash collateral advanced or received plus accrued interest. 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 March 2020 and December 2019. 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 March 2020 Included in the consolidated balance sheets Gross carrying value $ 199,157 $ 125,340 $ $ Counterparty netting (66,824 ) (3,670 ) (66,824 ) (3,670 ) Total 132,333 121,670 95,864 13,869 Amounts not offset Counterparty netting (7,393 ) (4,043 ) (7,393 ) (4,043 ) Collateral (121,885 ) (110,661 ) (87,681 ) (9,826 ) Total $ 3,055 $ 6,966 $ $ As of December 2019 Included in the consolidated balance sheets Gross carrying value $ $ $ 185,047 $ 19,591 Counterparty netting (67,291 ) (4,606 ) (67,291 ) (4,606 ) Total 85,691 136,071 117,756 14,985 Amounts not offset Counterparty netting (3,058 ) (2,211 ) (3,058 ) (2,211 ) Collateral (78,528 ) (127,901 ) (114,065 ) (12,614 ) Total $ $ $ 633 $ 160 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. 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 Securities As of March 2020 Money market instruments $ $ U.S. government and agency obligations 81,270 – Non-U.S. 61,443 1,032 Securities backed by commercial real estate 60 – Securities backed by residential real estate 450 – Corporate debt securities 6,875 74 State and municipal obligations 222 – Other debt obligations 1,061 – Equity securities 10,588 16,433 Total $162,688 $17,539 As of December 2019 Money market instruments $ 158 $ U.S. government and agency obligations 112,903 – Non-U.S. 55,575 1,051 Securities backed by commercial real estate 210 – Securities backed by residential real estate 1,079 – Corporate debt securities 6,857 122 State and municipal obligations 242 – Other debt obligations 196 – Equity securities 7,827 18,418 Total $185,047 $19,591 The table below presents the gross carrying value of repurchase agreements and securities loaned by maturity. As of March 2020 $ in millions Repurchase agreements Securities loaned No stated maturity and overnight $ 42,764 $13,522 2 - 30 days 68,223 – 31 - 90 days 29,421 972 91 days - 1 year 20,504 3,045 Greater than 1 year 1,776 – Total $162,688 $17,539 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 consist of: • Liabilities of consolidated VIEs; • Transfers of assets accounted for as financings rather than sales (e.g., pledged commodities, bank loans and mortgage whole loans); • Other structured financing arrangements; and • Collateralized central bank financings. Other secured financings included nonrecourse arrangements. Nonrecourse other secured financings were $18.02 billion as of March 2020 and $10.91 billion as of December 2019. 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 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, they would have been primarily classified in level 2 as of both March 2020 and December 2019. The table below presents information about other secured financings. $ in millions U.S. Dollar Non-U.S. Total As of March 2020 Other secured financings (short-term): At fair value $13,248 $ 4,725 $17,973 At amortized cost 6,123 – 6,123 Other secured financings (long-term): At fair value 6,665 5,353 12,018 At amortized cost 396 686 1,082 Total other secured financings $26,432 $10,764 $37,196 Other secured financings collateralized by: Financial instruments $19,694 $ 8,629 $28,323 Other assets $ 6,738 $ 2,135 $ 8,873 As of December 2019 Other secured financings (short-term): At fair value $ 2,754 $ 4,441 $ 7,195 At amortized cost 129 – 129 Other secured financings (long-term): At fair value 7,402 3,474 10,876 At amortized cost 397 680 1,077 Total other secured financings $10,682 $ 8,595 $19,277 Other secured financings collateralized by: Financial instruments $ 4,826 $ 7,189 $12,015 Other assets $ 5,856 $ 1,406 $ 7,262 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 0.32% as of March 2020 and 4.32% as of December 2019. These rates include the effect of hedging activities. • U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 2.79% as of both March 2020 and December 2019. These rates include the effect of hedging activities. • Total other secured financings included $1.48 billion as of March 2020 and $2.16 billion as of December 2019 related to transfers of financial assets accounted for as financings rather than sales. Such financings were collateralized by financial assets of $1.38 billion as of March 2020 and $2.21 billion as of December 2019, both primarily included in trading assets. • Other secured financings collateralized by financial instruments included $24.62 billion as of March 2020 and $9.09 billion as of December 2019 of other secured financings collateralized by trading assets and loans, and included $3.70 billion as of March 2020 and $2.93 billion as of December 2019 of other secured financings collateralized by financial instruments received as collateral and repledged. The table below presents other secured financings by maturity. $ in millions As of March 2020 Other secured financings (short-term) $24,096 Other secured financings (long-term): 2021 3,460 2022 2,589 2023 1,606 2024 1,490 2025 492 2026 - thereafter 3,463 Total other secured financings (long-term) 13,100 Total other secured financings $37,196 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 $ in millions March 2020 December 2019 Collateral available to be delivered or repledged $689,662 $661,490 Collateral that was delivered or repledged $557,726 $558,634 In the table above, collateral available to be delivered or repledged excluded $14.65 billion as of March 2020 and $6.15 billion as of December 2019 of securities received under resale agreements and securities borrowed transactions that contractually had the right to be delivered or repledged, but were segregated for regulatory and other purposes. The table below presents information about assets pledged. As of $ in millions March 2020 December 2019 Pledged to counterparties that had the right to deliver or repledge Trading assets $59,128 $ 66,605 Investments $10,765 $ 10,968 Pledged to counterparties that did not have the right to deliver or repledge Trading assets $92,201 $101,578 Investments $ 8,098 $ 849 Loans $34,933 $ 6,628 Other assets $14,573 $ 12,337 The firm also segregated securities included in trading assets and investments of $39.32 billion as of March 2020 and $20.61 billion as of December 2019 for regulatory and other purposes. See Note 3 for information about segregated cash.

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Note 12. Other Assets The table below presents other assets by type. As of $ in millions March 2020 December 2019 Property, leasehold improvements and equipment $23,620 $21,886 Goodwill and identifiable intangible assets 4,810 4,837 Operating lease right-of-use 2,284 2,360 Income tax-related 1,804 2,068 Miscellaneous receivables and other 4,201 3,731 Total $36,719 $34,882 Property, Leasehold Improvements and Equipment Property, leasehold improvements and equipment is net of accumulated depreciation and amortization of $9.23 billion as of March 2020 and $9.95 billion as of December 2019. Property, leasehold improvements and equipment included $6.23 billion as of March 2020 and $6.16 billion as of December 2019 that the firm uses in connection with its operations, and $484 million as of March 2020 and $521 million as of December 2019 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 whenever 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 both the three months ended March 2020 and March 2019. Goodwill and Identifiable Intangible Assets Goodwill. The table below presents the carrying value of goodwill by reporting unit. As of $ in millions March 2020 December 2019 Investment Banking $ $ 281 Global Markets: FICC 269 269 Equities 2,508 2,508 Asset Management 390 390 Consumer & Wealth Management: Consumer banking 48 48 Wealth management 700 700 Total $4,196 $4,196 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 2019, goodwill was tested for impairment using a quantitative test. The estimated fair value of each of the reporting units exceeded its respective net carrying value, and therefore goodwill was not impaired. During the first quarter of 2020, the outbreak of the COVID-19 pandemic broadly impacted the operating environment, notably in March, causing a sharp contraction in global economic activity and increased market volatility, affecting both equity and credit markets. Due to the significance of this event in relation to the firm’s businesses, the firm performed a qualitative assessment of the goodwill in each of its reporting units for impairment. Multiple factors, including performance indicators, firm and industry events, macroeconomic indicators 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 these reporting units was less than its estimated carrying value. The qualitative assessment also considered changes since the quantitative test performed in the fourth quarter of 2019. Despite challenges to the firm’s operating environment, net revenues for the first quarter of 2020 were strong across three of the firm’s four business segments and their respective reporting units. Asset Management recorded a net loss for the quarter, due to the impact of market declines on the firm’s investments, which was a reflection of the broader market and not due to a firm-specific issue, which As a result of investor uncertainty and the economic outlook, fair value indicators in the market were negatively impacted, as global equity prices significantly declined and credit spreads widened. This similarly affected fair value indicators for the firm and publicly traded participants in its industry. In response to the macroeconomic concerns, central banks and governments intervened with monetary and fiscal measures aimed at mitigating the extent of the contraction in economic activity, as well as market concerns, and providing liquidity to the financial markets. There were no other events, entity-specific or otherwise, that would have had a significant negative impact on the valuation of the firm’s reporting units. Based on the qualitative assessment, 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, and that the impact of the COVID-19 pandemic through the end of the first quarter of 2020 was not a triggering event to perform a quantitative test. Identifiable Intangible Assets. As of $ in millions March 2020 December 2019 By Reporting Unit Global Markets: FICC $ $ 3 Asset Management 257 265 Consumer & Wealth Management: Consumer banking 6 7 Wealth management 349 366 Total $ $ 641 By Type Customer lists Gross carrying value $ 1,427 $ 1,427 Accumulated amortization (1,055 ) (1,044 ) Net carrying value 372 383 Acquired leases and other Gross carrying value 792 790 Accumulated amortization (550 ) (532 ) Net carrying value 242 258 Total gross carrying value 2,219 2,217 Total accumulated amortization (1,605 ) (1,576 ) Total net carrying value $ $ 641 The firm acquired $34 million of intangible assets during the three months ended March 2020, primarily related to acquired leases, with a weighted average amortization period of 8 years. The firm acquired $515 million of intangible assets during 2019, primarily related to customer lists, with a weighted average amortization period of 10 years. 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 Ended March $ in millions 2020 2019 Amortization $41 $43 $ in millions As of March 2020 Estimated future amortization Remainder of 2020 $84 2021 $89 2022 $78 2023 $72 2024 $61 2025 $42 The firm tests intangible assets for impairment whenever 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 months ended March 2020 and March 2019. Operating Lease Right-of-Use 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 An operating lease right-of-use and $ million (primarily related to the firm’s new European headquarters in London) for the three months ended March 2019 of right-of-use assets and operating lease liabilities in non-cash transactions for leases entered into or assumed. 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 Miscellaneous Receivables and Other Miscellaneous receivables and other included: • Investments in qualified affordable housing projects of $671 million as of March 2020 and $606 million as of December 2019. • Assets classified as held for sale of $632 million as of March 2020 and $470 million as of December 2019 related to the firm’s consolidated investments within the Asset Management segment, substantially all of which consisted of property and equipment.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2020
Banking and Thrift [Abstract]
Deposits	Note 13. Deposits The table below presents the types and sources of deposits. $ in millions Savings and Demand Time Total As of March 2020 Private bank deposits $ 56,437 $ 2,292 $ 58,729 Consumer deposits 49,843 21,784 71,627 Brokered certificates of deposit – 38,905 38,905 Deposit sweep programs 19,082 – 19,082 Transaction banking 6,920 2,260 9,180 Other deposits – 22,471 22,471 Total $132,282 $87,712 $219,994 As of December 2019 Private bank deposits $ 53,726 $ 2,087 $ 55,813 Consumer deposits 44,973 15,023 59,996 Brokered certificates of deposit – 39,449 39,449 Deposit sweep programs 17,760 – 17,760 Transaction banking 2,291 235 2,526 Other deposits – 14,475 14,475 Total $118,750 $71,269 $190,019 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 $24.72 billion as of March 2020 and $17.77 billion as of December 2019 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 1.5 years as of March 2020 and 1.7 years as of December 2019. • Deposit sweep programs represent long-term contractual agreements with U.S. broker-dealers who sweep client cash to FDIC-insured deposits. As of March 2020, the firm had 12 such deposit sweep program agreements. • Other deposits represent deposits from institutional clients. • Deposits insured by the FDIC were $111.92 billion as of March 2020 and $103.98 billion as of December 2019. • Deposits insured by the U.K.’s Financial Services Compensation Scheme were $18.99 billion as of March 2020 and $15.86 billion as of December 2019. The table below presents the location of deposits. As of $ in millions March 2020 December 2019 U.S. offices $168,992 $150,759 Non-U.S. 51,002 39,260 Total $219,994 $190,019 In the table above, U.S. deposits were held at GS Bank USA and substantially all non-U.S. The table below presents maturities of time deposits held in U.S. and non-U.S. As of March 2020 $ in millions U.S. Non-U.S. Total Remainder of 2020 $25,358 $17,200 $ 2021 18,487 1,356 19,843 2022 8,857 80 8,937 2023 6,498 112 6,610 2024 4,393 115 4,508 2025 2,155 226 2,381 2026 - thereafter 2,072 803 2,875 Total $67,820 $19,892 $87,712 As of March 2020, deposits in U.S. offices included non-U.S. billion of time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance. The firm’s savings and demand deposits are recorded based on the amount of cash received plus accrued interest, which approximates fair value. In addition, the firm designates certain derivatives as fair value hedges to convert a portion of its time deposits not accounted for at fair value from fixed-rate obligations into floating-rate obligations. The carrying value of time deposits not accounted for at fair value approximated fair value as of both March 2020 and December 2019. As these savings and demand deposits and time deposits 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 deposits been included in the firm’s fair value hierarchy, they would have been classified in level 2 as of both March 2020 and December 2019.

Unsecured Borrowings

Unsecured Borrowings	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Unsecured Borrowings	Note 14. Unsecured Borrowings The table below presents information about unsecured borrowings. As of $ in millions March 2020 December 2019 Unsecured short-term borrowings $ 37,148 $ 48,287 Unsecured long-term borrowings 225,476 207,076 Total $262,624 $255,363 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 March 2020 and December 2019. The table below presents information about unsecured short-term borrowings. As of $ in millions March 2020 December 2019 Current portion of unsecured long-term borrowings $22,532 $ 30,636 Hybrid financial instruments 12,635 15,814 Other unsecured short-term borrowings 1,981 1,837 Total unsecured short-term borrowings $37,148 $ 48,287 Weighted average interest rate 2.22% 2.71% 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. Dollar Total As of March 2020 Fixed-rate obligations $107,774 $39,008 $146,782 Floating-rate obligations 47,041 31,653 78,694 Total $154,815 $70,661 $225,476 As of December 2019 Fixed-rate obligations $ 92,846 $36,185 $129,031 Floating-rate obligations 47,850 30,195 78,045 Total $140,696 $66,380 $207,076 In the table above: • Unsecured long-term borrowings consists principally of senior borrowings, which have maturities extending through 2067 • Floating-rate obligations includes equity-linked and indexed instruments. Floating interest rates are generally based on LIBOR or Euro Interbank Offered Rate. • U.S. dollar-denominated debt had interest rates ranging from 2.00% to 10.04% (with a weighted average rate of 4.22%) as of March 2020 and 2.00% to 10.04% (with a weighted average rate of 3.82%) as of December 2019. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option. • Non-U.S. The table below presents unsecured long-term borrowings by maturity. $ in millions As of March 2020 2021 $ 24,653 2022 25,114 2023 28,607 2024 19,162 2025 23,720 2026 - thereafter 104,220 Total $225,476 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 $13.76 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: $288 million in 2021, $(26) million in 2022, $273 million in 2023, $762 million in 2024, $915 million in 2025 and $11.55 billion in 2026 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 $ in millions March 2020 December 2019 Fixed-rate obligations: At fair value $ 1,385 $ 725 At amortized cost 50,062 47,577 Floating-rate obligations: At fair value 41,928 42,936 At amortized cost 132,101 115,838 Total $225,476 $207,076 In the table above, the aggregate amounts of unsecured long-term borrowings had weighted average interest rates of 2.59% (3.82% related to fixed-rate obligations and 2.08% related to floating-rate obligations) as of March 2020 and 2.87% (3.77% related to fixed-rate obligations and 2.48% related to floating-rate obligations) as of December 2019. These rates exclude unsecured long-term borrowings accounted for at fair value under the fair value option. As of both March 2020 and December 2019, the carrying value of unsecured long-term borrowings for which the firm did not elect the fair value option approximated fair value. 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 March 2020 and December 2019. Subordinated Borrowings Unsecured long-term borrowings includes subordinated debt and junior subordinated debt. Junior subordinated debt is junior in right of payment to other subordinated borrowings, which are junior to senior borrowings. Subordinated debt had maturities ranging from 2021 2045 The table below presents information about subordinated borrowings. $ in millions Par Amount Carrying Value Rate As of March 2020 Subordinated debt $13,797 $19,199 3.30% Junior subordinated debt 968 1,499 2.71% Total $14,765 $20,698 3.26% As of December 2019 Subordinated debt $14,041 $16,980 3.46% Junior subordinated debt 976 1,328 2.85% Total $15,017 $18,308 3.42% 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 (Trust), a Delaware statutory trust. The Trust 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 March 2020, the outstanding par amount of junior subordinated debt held by the Trust was $968 million and the outstanding par amount of Trust Preferred securities and common beneficial interests issued by the Trust was $939 million and $29 million, respectively. As of December 2019, the outstanding par amount of junior subordinated debt held by the Trust was $976 million and the outstanding par amount of Trust Preferred securities and common beneficial interests issued by the Trust was $947 million and $29 million, respectively. During the three months ended March 2020, the firm purchased Trust Preferred securities with a par amount and a carrying value of $7.9 million and $11.0 million and delivered these securities, along with $0.2 million of common beneficial interests, to the Trust in a non-cash The firm pays interest semi-annually on the junior subordinated debt at an annual rate of 6.345% and the debt matures on February 15, 2034. The coupon rate and the payment dates applicable to the beneficial interests are the same as the interest rate and payment dates for the junior subordinated debt. The firm has the right, from time to time, to defer payment of interest on the junior subordinated debt, and therefore cause payment on the Trust’s preferred beneficial interests to be deferred, in each case up to ten consecutive semi-annual periods. During any such deferral period, the firm will not be permitted to, among other things, pay dividends on or make certain repurchases of its common stock. The Trust is not permitted to pay any distributions on the common beneficial interests held by Group Inc. unless all dividends payable on the preferred beneficial interests have been paid in full. The firm has covenanted in favor of the holders of Group Inc.’s 6.345% junior subordinated debt due February 15, 2034, that, subject to certain exceptions, the firm will not redeem or purchase the capital securities issued by Goldman Sachs Capital II and Goldman Sachs Capital III (APEX Trusts) or shares of Group Inc.’s Perpetual Non-Cumulative Non-Cumulative Non-Cumulative The APEX Trusts hold Group Inc.’s Series E Preferred Stock and Series F Preferred Stock. 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.

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2020
Other Liabilities Disclosure [Abstract]
Other Liabilities	Note 15. Other Liabilities The table below presents other liabilities by type. As of $ in millions March 2020 December 2019 Compensation and benefits $ 3,281 $ 6,889 Income tax-related 3,172 2,947 Operating lease liabilities 2,289 2,385 Noncontrolling interests 1,122 1,713 Employee interests in consolidated funds 71 81 Accrued expenses and other 8,359 7,636 Total $18,294 $21,651 In the table above, accrued expenses and other includes contract liabilities, which represent consideration received by the firm in connection with its contracts with clients, prior to providing the service. As of both March 2020 and December 2019, the firm’s contract liabilities were not material. Operating Lease Liabilities For leases longer than one year, the firm recognizes a right-of-use right-of-use The table below presents information about operating lease liabilities. $ in millions Operating lease liabilities As of March 2020 Remainder of 2020 $ 2021 307 2022 266 2023 233 2024 218 2025 192 2026 - thereafter 2,365 Total undiscounted lease payments 3,828 Imputed interest (1,539 ) Total operating lease liabilities $ 2,289 Weighted average remaining lease term 18 years Weighted average discount rate 5.07% As of December 2019 2020 $ 2021 308 2022 268 2023 235 2024 219 2025 - thereafter 2,566 Total undiscounted lease payments 3,980 Imputed interest (1,595 ) Total operating lease liabilities $ Weighted average remaining lease term 18 years Weighted average discount rate 5.02% 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 Operating lease costs were $113 million for the three months ended March 2020 and $117 million for the three months ended March 2019. Variable lease costs, which are included in operating lease costs, were not material for both the three months ended March 2020 and March 2019. Operating lease liabilities include obligations for office space held in excess of current requirements. Operating lease costs relating to space held for growth is included in occupancy expenses. Total occupancy expenses for space held in excess of the firm’s current requirements were not material for both the three months ended March 2020 and March 2019. Lease payments relating to operating lease arrangements that were signed, but had not yet commenced as of March 2020, were not material.

Securitization Activities

Securitization Activities	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Securitization Activities	Note 16. 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 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 Ended March $ in millions 2020 2019 Residential mortgages $3,107 $3,489 Commercial mortgages 4,996 671 Other financial assets 540 172 Total financial assets securitized $8,643 $4,332 Retained interests cash flows $ $ 93 In the table above, financial assets securitized included assets of $174 million during the three months ended March 2020 and $104 million during the three months ended March 2019, which were securitized in a non-cash held-to-maturity 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 Principal Amount Retained Interests Purchased Interests As of March 2020 U.S. government agency-issued CMOs $14,309 $ $14 Other residential mortgage-backed 23,121 1,047 25 Other commercial mortgage-backed 29,350 708 19 Corporate debt and other asset-backed 3,851 156 4 Total $70,631 $2,846 $62 As of December 2019 U.S. government agency-issued CMOs $14,328 $1,530 $ 3 Other residential mortgage-backed 24,166 1,078 24 Other commercial mortgage-backed 25,588 615 6 Corporate debt and other asset-backed 3,612 149 – Total $67,694 $3,372 $33 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 2014 and thereafter. • The fair value of retained interests was $2.84 billion as of March 2020 and $3.35 billion as of December 2019. 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 $94 million as of March 2020 and $57 million as of December 2019, and the notional amount of these derivatives and commitments was $1.44 billion as of March 2020 and $1.20 billion as of December 2019. 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 $ in millions March 2020 December 2019 Fair value of retained interests $ $ Weighted average life (years) 5.2 6.0 Constant prepayment rate 14.9% 12.9% Impact of 10% adverse change $ ) $ ) Impact of 20% adverse change $ ) $ ) Discount rate 5.8% 4.7% Impact of 10% adverse change $ ) $ ) Impact of 20% adverse change $ ) $ ) 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. The firm has other retained interests not reflected in the table above with a fair value of $156 million and a weighted average life of 2.9 years as of March 2020, and a fair value of $149 million and a weighted average life of 3.3 years as of December 2019. Due to the nature and fair value of certain of these retained interests, the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both March 2020 and December 2019. The firm’s maximum exposure to adverse changes in the value of these interests is the carrying value of $156 million as of March 2020 and $149 million as of December 2019.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Note 17. 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. Real Estate, Credit- and Power-Related and Other Investing VIEs. Corporate Debt and Other Asset-Backed VIEs. Principal-Protected Note VIEs. Investments in Funds. Nonconsolidated VIEs The table below presents a summary of the nonconsolidated VIEs in which the firm holds variable interests. As of $ in millions March 2020 December 2019 Total nonconsolidated VIEs Assets in VIEs $128,603 $128,069 Carrying value of variable interests — assets $ 10,390 $ 9,526 Carrying value of variable interests — liabilities $ $ 619 Maximum exposure to loss: Retained interests $ 2,846 $ 3,372 Purchased interests 2,418 901 Commitments and guarantees 2,329 2,697 Derivatives 8,689 9,010 Debt and equity 4,719 4,806 Total maximum exposure to loss $ 21,001 $ 20,786 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 $ in millions March 2020 December 2019 Mortgage-backed Assets in VIEs $77,153 $75,354 Carrying value of variable interests — assets $ 3,323 $ 3,830 Maximum exposure to loss: Retained interests $ 2,690 $ 3,223 Purchased interests 631 607 Commitments and guarantees 43 50 Derivatives 402 66 Total maximum exposure to loss $ 3,766 $ 3,946 Real estate, credit- and power-related and other investing Assets in VIEs $19,442 $19,602 Carrying value of variable interests — assets $ 3,066 $ 3,243 Carrying value of variable interests — liabilities $ $ 7 Maximum exposure to loss: Commitments and guarantees $ $ 1,213 Derivatives 83 92 Debt and equity 3,066 3,238 Total maximum exposure to loss $ 4,093 $ 4,543 Corporate debt and other asset-backed Assets in VIEs $17,141 $16,248 Carrying value of variable interests — assets $ 3,598 $ 2,040 Carrying value of variable interests — liabilities $ $ 612 Maximum exposure to loss: Retained interests $ $ 149 Purchased interests 1,787 294 Commitments and guarantees 1,294 1,374 Derivatives 8,201 8,849 Debt and equity 1,250 1,155 Total maximum exposure to loss $12,688 $11,821 Investments in funds Assets in VIEs $14,867 $16,865 Carrying value of variable interests — assets $ $ 413 Maximum exposure to loss: Commitments and guarantees $ $ 60 Derivatives 3 3 Debt and equity 403 413 Total maximum exposure to loss $ $ 476 As of both March 2020 and December 2019, the carrying values of the firm’s variable interests in nonconsolidated VIEs are included in the consolidated balance sheets as follows: • Mortgage-backed: Assets were primarily included in trading assets and loans. • Real estate, credit- and power-related and other investing: Assets were primarily included in loans and investments and liabilities were included in trading liabilities and other liabilities. • Corporate debt and other asset-backed: Assets were included in trading assets and loans and liabilities were included in trading liabilities. • Investments in funds: Assets were 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 $ in millions March 2020 December 2019 Total consolidated VIEs Assets Cash and cash equivalents $ $ 112 Trading assets 1 27 Investments 144 835 Loans 2,082 2,392 Other assets 1,100 1,084 Total $3,475 $4,450 Liabilities Other secured financings $1,088 $1,163 Customer and other payables 9 9 Trading liabilities 9 10 Unsecured short-term borrowings 46 48 Unsecured long-term borrowings 207 214 Other liabilities 312 959 Total $1,671 $2,403 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 $ in millions March 2020 December 2019 Real estate, credit-related and other investing Assets Cash and cash equivalents $ $ 112 Trading assets – 26 Investments 144 835 Loans 2,082 2,392 Other assets 1,100 1,084 Total $3,474 $4,449 Liabilities Other secured financings $ $ 684 Customer and other payables 9 9 Trading liabilities 9 10 Other liabilities 312 959 Total $ $1,662 Principal-protected notes Assets Trading assets $ $ 1 Total $ $ 1 Liabilities Other secured financings $ $ 479 Unsecured short-term borrowings 46 48 Unsecured long-term borrowings 207 214 Total $ $ 741 In the table above: • The majority of the assets in principal-protected notes VIEs are intercompany and are eliminated in consolidation. • Creditors and beneficial interest holders of real estate, credit-related and other investing VIEs do not have recourse to the general credit of the firm.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Guarantees	Note 18. Commitments, Contingencies and Guarantees Commitments The table below presents commitments by type. As of $ in millions March 2020 December 2019 Commitment Type Commercial lending: Investment-grade $ 76,791 $ 89,276 Non-investment-grade 51,208 58,718 Warehouse financing 7,519 5,581 Credit cards 16,447 13,669 Total lending 151,965 167,244 Collateralized agreement 64,243 62,093 Collateralized financing 18,845 10,193 Letters of credit 374 456 Investment 5,812 7,879 Other 9,027 6,135 Total commitments $250,266 $254,000 The table below presents commitments by expiration. As of March 2020 $ in millions Remainder of 2020 2021 - 2022 2023 - 2024 2025 - Thereafter Commitment Type Commercial lending: Investment-grade $ 8,002 $27,196 $35,485 $ 6,108 Non-investment-grade 3,337 16,676 20,843 10,352 Warehouse financing 927 5,103 1,295 194 Credit cards 16,447 – – – Total lending 28,713 48,975 57,623 16,654 Collateralized agreement 63,747 496 – – Collateralized financing 18,845 – – – Letters of credit 299 35 – 40 Investment 1,657 1,422 1,059 1,674 Other 8,909 118 – – Total commitments $122,170 $51,046 $58,682 $18,368 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 all or substantial 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. The table below presents information about lending commitments. As of $ in millions March 2020 December 2019 Held for investment $133,501 $150,100 Held for sale 15,419 15,245 At fair value 3,045 1,899 Total $151,965 $167,244 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 $460 million (including allowance for losses of $335 million) as of March 2020 and $527 million (including allowance for losses of $361 million) as of December 2019. The estimated fair value of such lending commitments was a liability of $5.89 billion as of March 2020 and $3.05 billion as of December 2019. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $3.29 billion as of March 2020 and $1.78 billion as of December 2019 would have been classified in level 2, and $2.60 billion as of March 2020 and $1.27 billion as of December 2019 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 $196 million as of March 2020 and $60 million as of December 2019. 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 2 as of both March 2020 and December 2019. • 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. Sumitomo Mitsui Financial Group, Inc. (SMFG) provides the firm with credit loss protection on certain approved loan commitments (primarily investment-grade commercial lending commitments). The notional amount of such loan commitments was $4.05 billion as of March 2020 and $5.74 billion as of December 2019. The credit loss protection on loan commitments provided by SMFG is generally limited to 95% of the first loss the firm realizes on such commitments, up to a maximum of approximately $950 million. In addition, subject to the satisfaction of certain conditions, upon the firm’s request, SMFG will provide protection for 70% of additional losses on such commitments, up to a maximum of $750 million, of which no protection had been provided as of March 2020 and December 2019. The firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by SMFG. These instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity, or credit default swaps that reference a credit index. Warehouse Financing. Credit Cards. 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. Letters of Credit The firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements. 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 $2.00 billion as of March 2020 and $2.06 billion as of December 2019, 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. Contingencies Legal Proceedings. Certain Mortgage-Related Contingencies. Based on the large number of defaults in residential mortgages, including those sold or securitized by the firm, there is a potential for repurchase claims. However, the firm is not in a position to make a meaningful estimate of that exposure at this time. The firm’s exposure to claims for repurchase of residential mortgage loans based on alleged breaches of representations will depend on a number of factors, such as the extent to which these claims are made within the statute of limitations, taking into consideration the agreements to toll the statute of limitations the firm entered into with trustees representing certain trusts. Other Contingencies. In connection with the settlement agreement with the Residential Mortgage-Backed Securities Working Group of the U.S. Financial Fraud Enforcement Task Force, the firm agreed to provide $1.80 billion in consumer relief by January 2021. As of March 2020, approximately $1.55 billion of such relief was provided. This relief was provided in the form of principal forgiveness for underwater homeowners and distressed borrowers; financing for construction, rehabilitation and preservation of affordable housing; and support for debt restructuring, foreclosure prevention and housing quality improvement programs, as well as land banks. Guarantees The table below presents derivatives that meet the definition of a guarantee, securities lending indemnifications and certain other financial guarantees. $ in millions Derivatives Securities lending indemnifications Other financial guarantees As of March 2020 Carrying Value of Net Liability $ 7,973 $ $ Maximum Payout/Notional Amount by Period of Expiration Remainder of 2020 $ 65,570 $16,978 $1,648 2021 - 2022 72,282 – 1,930 2023 - 2024 22,395 – 2,853 2025 - thereafter 35,303 – 192 Total $195,550 $16,978 $6,623 As of December 2019 Carrying Value of Net Liability $ 3,817 $ $ 27 Maximum Payout/Notional Amount by Period of Expiration 2020 $ 91,814 $17,891 $2,044 2021 - 2022 76,693 – 1,714 2023 - 2024 19,377 – 2,219 2025 - thereafter 36,317 – 149 Total $224,201 $17,891 $6,126 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 $1.67 billion as of March 2020 and $1.56 billion as of December 2019, and derivative liabilities of $9.64 billion as of March 2020 and $5.38 billion as of December 2019. Derivative Guarantees. 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 Indemnifications. Other Financial Guarantees. Guarantees of Securities Issued by 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. 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. 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 In connection with the firm’s prime brokerage and clearing businesses, the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms. The firm’s obligations in respect of such transactions are secured by the assets in the client’s account, as well as any 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 certain 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 March 2020 and December 2019. Other Representations, Warranties and Indemnifications. 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. 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 March 2020 and December 2019. Guarantees of Subsidiaries. Group Inc. guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by-transaction

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Shareholders' Equity	Note 19. Shareholders’ Equity Common Equity As of both March 2020 and December 2019, 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. 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 The table below presents information about common stock repurchases. Three Months Ended March in millions, except per share amounts 2020 2019 Common share repurchases 8.2 6.3 Average cost per share $236.35 $197.08 Total cost of common share repurchases $ 1,928 $ 1,250 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 three months ended March 2020, 3,476 shares were remitted with a total value of $0.9 million and the firm cancelled 3.3 million share-based awards with a total value of $803 million. The table below presents common stock dividends declared. Three Months 2020 2019 Dividends declared per common share $1.25 $0.80 On April 14, 2020 , the Board of Directors of Group Inc. declared a dividend of $1.25 per common share to be paid on June 29, 2020 to common shareholders of record on June 1, 2020. Preferred Equity The tables below present information about the perpetual preferred stock issued and outstanding as of March Series Shares Authorized Shares Issued Shares Outstanding Depositary Shares Per Share A 50,000 30,000 29,999 1,000 C 25,000 8,000 8,000 1,000 D 60,000 54,000 53,999 1,000 E 17,500 7,667 7,667 N/A F 5,000 1,615 1,615 N/A J 46,000 40,000 40,000 1,000 K 32,200 28,000 28,000 1,000 M 80,000 80,000 80,000 25 N 31,050 27,000 27,000 1,000 O 26,000 26,000 26,000 25 P 66,000 60,000 60,000 25 Q 20,000 20,000 20,000 25 R 24,000 24,000 24,000 25 S 14,000 14,000 14,000 25 Total 496,750 420,282 420,280 Series Earliest Redemption Date Liquidation Preference Redemption Value ($ 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 M May 10, 2020 $ 25,000 2,000 N May 10, 2021 $ 25,000 675 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 Total $11,203 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 • Prior to redeeming preferred stock, the firm must receive confirmation that the FRB does not object to such action. • In January 2020, the firm issued 14,000 shares of Series S 4.40% Fixed-Rate Reset Non-Cumulative • The redemption price per share for Series A through F and Series Q through S 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. Each share of Series E and Series F Preferred Stock is redeemable at the firm’s option, subject to certain covenant restrictions governing the firm’s ability to redeem the preferred stock without issuing common stock or other instruments with equity-like characteristics. See Note 14 for information about the replacement capital covenants applicable to the Series E and Series F Preferred Stock. • 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. In the first quarter of 2020, the firm redeemed the remaining 14,000 outstanding shares of its Series L 5.70% Non-Cumulative In 2019, the firm redeemed 38,000 shares of its outstanding Series L Preferred Stock with a redemption value of $950 million ($25,000 per share), plus accrued and unpaid dividends. In addition, in 2019, the firm redeemed the remaining 6,000 outstanding shares of its Series B 6.20% Non-Cumulative The table below presents the dividend rates of perpetual preferred stock as of March 2020 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; M 5.375%, payable semi-annually, from issuance date to, but excluding, N 6.30%, payable quarterly O 5.30%, payable semi-annually, from issuance date to, but excluding, P 5.00%, payable semi-annually, from issuance date to, but excluding, Q 5.50%, payable semi-annually, from issuance date to, but excluding, R 4.95%, payable semi-annually, from issuance date to, but excluding, S 4.40%, payable semi-annually, from issuance date to, but excluding, 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. 2020 2019 Series per share $ in millions per share $ in millions Three Months Ended March A $ $ 7 $234.38 $ 7 B $ – $387.50 2 C $ 2 $250.00 2 D $ 13 $250.00 13 E $1,011.11 7 $977.78 7 F $1,011.11 2 $977.78 2 J $ 14 $343.75 14 K $ 11 $398.44 11 L $ 4 $ – N $ 11 $393.75 11 Q $ 18 $ – Total $89 $69 On April 6, 2020, Group Inc. declared dividends of $236.98 per share of Series A Preferred Stock, $252.78 per share of Series C Preferred Stock, $252.78 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, $671.88 per share of Series M Preferred Stock, $393.75 per share of Series N Preferred Stock, $662.50 per share of Series O Preferred Stock and $625.00 per share of Series P Preferred Stock to be paid on May 11, 2020 to preferred shareholders of record on April 26, 2020. In addition, the firm declared dividends of $1,011.11 per share of Series E Preferred Stock and Series F Preferred Stock to be paid on June 1, 2020 to preferred shareholders of record on May 16, 2020. Accumulated Other Comprehensive Income/(Loss) The table below presents changes in the accumulated other comprehensive income/(loss), net of tax, by type. $ in millions Beginning balance Other comprehensive income/(loss) adjustments, net of tax Ending balance Three Months Ended March 2020 Currency translation $ (616 ) $ ) $ ) Debt valuation adjustment (572 ) 2,914 2,342 Pension and postretirement liabilities (342 ) 7 (335 ) Available-for-sale 46 517 563 Total $(1,484 ) $ $1,937 Three Months Ended March 2019 Currency translation $ ) $ 4 $ (617 ) Debt valuation adjustment 1,507 (1,417 ) 90 Pension and postretirement liabilities (81 ) (7 ) (88 ) Available-for-sale (112 ) 114 2 Total $ $(1,306 ) $ (613 )

Regulation and Capital Adequacy

Regulation and Capital Adequacy	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Regulation and Capital Adequacy	Note 20. Regulation and Capital Adequacy The FRB is the primary regulator of Group Inc., a bank holding company (BHC) 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 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 approach” banking organization and has been designated as a global systemically important bank (G-SIB). The capital requirements calculated in accordance with the Capital Framework include the minimum risk-based capital and leverage ratios. In addition, the risk-based capital requirements include the capital conservation buffer, countercyclical capital buffer and the G-SIB The firm calculates its CET1 capital, Tier 1 capital and Total capital ratios in accordance with (i) the Standardized approach and market risk rules set out in the Capital Framework (together, the Standardized Capital Rules) and (ii) the Advanced approach and market risk rules set out in the Capital Framework (together, the Advanced Capital Rules). The lower of each risk-based capital ratio calculated in (i) and (ii) is the ratio against which the firm’s compliance with its risk-based capital requirements is assessed. 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 Risk-Based Capital and Leverage Ratios The table below presents the risk-based capital and leverage requirements. Requirements Risk-based capital requirements CET1 capital ratio 9.5% Tier 1 capital ratio 11.0% Total capital ratio 13.0% Leverage requirements Tier 1 leverage ratio 4.0% SLR 5.0% 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%. The requirements also include the capital conservation buffer of 2.5%, the G-SIB • The G-SIB G-SIB G-SIB. • The Tier 1 leverage ratio requirement is a minimum of 4%. The SLR requirement of 5% includes a minimum of 3% and a 2% buffer applicable to G-SIBs. The table below presents information about risk-based capital ratios. $ in millions Standardized Advanced As of March 2020 CET1 capital $ 74,550 $ 74,550 Tier 1 capital $ 85,589 $ 85,589 Tier 2 capital $ 15,131 $ 13,470 Total capital $100,720 $ 99,059 RWAs $594,484 $605,926 CET1 capital ratio 12.5% 12.3% Tier 1 capital ratio 14.4% 14.1% Total capital ratio 16.9% 16.3% As of December 2019 CET1 capital $ 74,850 $ 74,850 Tier 1 capital $ 85,440 $ 85,440 Tier 2 capital $ 14,925 $ 13,473 Total capital $100,365 $ 98,913 RWAs $563,575 $544,653 CET1 capital ratio 13.3% 13.7% Tier 1 capital ratio 15.2% 15.7% Total capital ratio 17.8% 18.2% In the table above: • The lower of the Standardized or Advanced ratio is the ratio against which the firm’s compliance with the capital requirements is assessed under the risk-based Capital Rules, and therefore, the Advanced ratios applied to the firm as of March 2020 and the Standardized ratios applied to the firm as of December 2019. • As permitted by the FRB, the firm has elected to temporarily delay the estimated effects of adopting CECL on regulatory capital until January 2022 and to subsequently phase-in the effects through January 2025. In addition, during 2020 and 2021, the firm has elected to increase regulatory capital by 25% of the increase in the allowance for credit losses since January 1, 2020, as permitted by the rules issued by the FRB. The impact of this increase will also be phased in over the three-year transition period. Reflecting the full impact of CECL as of March 2020 would not have had a material impact on the firm’s Advanced risk-based capital ratios. • The FRB permits banking organizations to exclude assets acquired in connection with their participation in the Federal Reserve’s Money Market Mutual Fund Liquidity Facility (MMLF) from their calculation of risk-based capital and leverage ratios. The firm has opted to exclude such assets from the calculations of these ratios as of March 2020. The table below presents information about leverage ratios. For the Three Months Ended or as of $ in millions March 2020 December 2019 Tier 1 capital $ 85,589 $ 85,440 Average total assets $1,048,847 $ 983,909 Deductions from Tier 1 capital (4,887 ) (5,275 ) Average adjusted total assets 1,043,960 978,634 Average off-balance 394,906 396,833 Total leverage exposure $1,438,866 $1,375,467 Tier 1 leverage ratio 8.2% 8.7% SLR 5.9% 6.2% In the table above: • Average total assets represents the average daily assets for the quarter adjusted for the impact of CECL transition and exclusion of assets acquired in connection with the firm’s participation in the Federal Reserve’s • Average off-balance • 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. As of $ in millions March 2020 December 2019 Common shareholders’ equity $ 81,176 $ 79,062 Impact of CECL transition 819 – Deduction for goodwill (3,528 ) (3,529 ) Deduction for identifiable intangible assets (584 ) (604 ) Other adjustments (3,333 ) (79 ) CET1 capital 74,550 74,850 Preferred stock 11,203 11,203 Deduction for investments in covered funds (157 ) (610 ) Other adjustments (7 ) (3 ) Tier 1 capital $ 85,589 $ 85,440 Standardized Tier 2 and Total capital Tier 1 capital $ 85,589 $ 85,440 Qualifying subordinated debt 12,820 12,847 Junior subordinated debt 188 284 Allowance for credit losses 2,174 1,802 Other adjustments (51 ) (8 ) Standardized Tier 2 capital 15,131 14,925 Standardized Total capital $100,720 $100,365 Advanced Tier 2 and Total capital Tier 1 capital $ 85,589 $ 85,440 Standardized Tier 2 capital 15,131 14,925 Allowance for credit losses (2,174 ) (1,802 ) Other adjustments 513 350 Advanced Tier 2 capital 13,470 13,473 Advanced Total capital $ 99,059 $ 98,913 In the table above: • Impact of CECL transition represents the impact of adoption as of January 1, 2020 and the impact of increasing regulatory capital by 25% of the increase in allowance for credit losses since January 1, 2020. The allowance for credit losses within Standardized and Advanced Tier 2 capital also reflects the impact of these adjustments. • Deduction for goodwill was net of deferred tax liabilities of $668 million as of March 2020 and $667 million as of December 2019. • Deduction for identifiable intangible assets was net of deferred tax liabilities of $30 million as of March 2020 and $37 million as of December 2019. • Deduction for investments in covered funds represents the firm’s aggregate investments in applicable covered funds, excluding investments that are 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. As of March 2020, 20% of this debt was included in Tier 2 capital and 80% was phased out of regulatory capital. As of December 2019, 30% of this debt was included in Tier 2 capital and 70% was phased out of regulatory capital. Junior subordinated debt is reduced by the amount of Trust Preferred securities purchased by the firm and will be fully phased out of Tier 2 capital by 2022 at a rate of 10% per year. 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 Three Months Ended March 2020 CET1 capital Beginning balance $ 74,850 $74,850 Change in: Common shareholders’ equity 2,114 2,114 Impact of CECL transition 819 819 Deduction for goodwill 1 1 Deduction for identifiable intangible assets 20 20 Other adjustments (3,254 ) (3,254 ) Ending balance $ 74,550 $74,550 Tier 1 capital Beginning balance $ 85,440 $85,440 Change in: CET1 capital (300 ) (300 ) Deduction for investments in covered funds 453 453 Other adjustments (4 ) (4 ) Ending balance 85,589 85,589 Tier 2 capital Beginning balance 14,925 13,473 Change in: Qualifying subordinated debt (27 ) (27 ) Junior subordinated debt (96 ) (96 ) Allowance for credit losses 372 – Other adjustments (43 ) 120 Ending balance 15,131 13,470 Total capital $100,720 $99,059 Year Ended December 2019 CET1 capital Beginning balance $ 73,116 $73,116 Change in: Common shareholders’ equity 80 80 Deduction for goodwill (432 ) (432 ) Deduction for identifiable intangible assets (307 ) (307 ) Other adjustments 2,393 2,393 Ending balance $ 74,850 $74,850 Tier 1 capital Beginning balance $ 83,702 $83,702 Change in: CET1 capital 1,734 1,734 Deduction for investments in covered funds 5 5 Other adjustments (1 ) (1 ) Ending balance 85,440 85,440 Tier 2 capital Beginning balance 14,926 13,743 Change in: Qualifying subordinated debt (300 ) (300 ) Junior subordinated debt (158 ) (158 ) Allowance for credit losses 449 – Other adjustments 8 188 Ending balance 14,925 13,473 Total capital $100,365 $98,913 RWAs. 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 measure 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 For both risk management purposes and regulatory capital calculations , (10-day one The firm’s positional losses observed on a single day exceeded its 99% one-day one-day • 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 one-year • 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 March 2020 Credit RWAs Derivatives $134,778 $104,638 Commitments, guarantees and loans 189,300 148,986 Securities financing transactions 59,729 12,515 Equity investments 50,881 52,999 Other 74,574 82,753 Total Credit RWAs 509,262 401,891 Market RWAs Regulatory VaR 13,465 13,465 Stressed VaR 45,608 45,608 Incremental risk 5,088 5,088 Comprehensive risk 2,186 2,186 Specific risk 18,875 18,875 Total Market RWAs 85,222 85,222 Total Operational RWAs – 118,813 Total RWAs $594,484 $605,926 As of December 2019 Credit RWAs Derivatives $120,906 $ 72,631 Commitments, guarantees and loans 179,740 134,456 Securities financing transactions 65,867 13,834 Equity investments 56,814 61,892 Other 75,660 78,266 Total Credit RWAs 498,987 361,079 Market RWAs Regulatory VaR 8,933 8,933 Stressed VaR 30,911 30,911 Incremental risk 4,308 4,308 Comprehensive risk 1,393 1,191 Specific risk 19,043 19,043 Total Market RWAs 64,588 64,386 Total Operational RWAs – 119,188 Total RWAs $563,575 $544,653 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 Three Months Ended March 2020 RWAs Beginning balance $563,575 $544,653 Credit RWAs Change in: Derivatives 13,872 32,007 Commitments, guarantees and loans 9,560 14,530 Securities financing transactions (6,138 ) (1,319 ) Equity investments (5,933 ) (8,893 ) Other (1,086 ) 4,487 Change in Credit RWAs 10,275 40,812 Market RWAs Change in: Regulatory VaR 4,532 4,532 Stressed VaR 14,697 14,697 Incremental risk 780 780 Comprehensive risk 793 995 Specific risk (168 ) (168 ) Change in Market RWAs 20,634 20,836 Change in Operational RWAs – (375 ) Ending balance $594,484 $605,926 Year Ended December 2019 RWAs Beginning balance $547,910 $558,111 Credit RWAs Change in: Derivatives (1,605 ) (9,670 ) Commitments, guarantees and loans 19,435 (8,900 ) Securities financing transactions (496 ) (4,425 ) Equity investments 3,251 6,738 Other 5,064 8,585 Change in Credit RWAs 25,649 (7,672 ) Market RWAs Change in: Regulatory VaR 1,151 1,151 Stressed VaR 2,959 2,959 Incremental risk (6,161 ) (6,161 ) Comprehensive risk (1,377 ) (1,579 ) Specific risk (6,556 ) (6,556 ) Change in Market RWAs (9,984 ) (10,186 ) Change in Operational RWAs – 4,400 Ending balance $563,575 $544,653 RWAs Rollforward Commentary Three Months Ended March 2020. billion compared with December 2019, primarily reflecting an increase in derivatives, principally due to increased exposure, and an increase in commitments, guarantees and loans, principally due to increased lending activity. This increase was partially offset by decreased securities financing transactions and equity investments, primarily due to reduced exposures. Standardized Market RWAs as of March 2020 increased by billion compared with December 2019, primarily reflecting an increase in stressed VaR, principally due to increased risk exposures, and an increase in regulatory VaR, principally due to market volatility. Advanced Credit RWAs as of March 2020 increased by $40.81 billion compared with December 2019, primarily reflecting an increase in derivatives, principally due to increased exposure including the impact of higher levels of volatility and counterparty credit risk, and an increase in commitments, guarantees and loans, principally due to increased lending activity. This increase was partially offset by decreased equity investments, primarily due to reduced exposures. Advanced Market RWAs as of March 2020 increased by $20.84 billion compared with December 2019, primarily reflecting an increase in stressed VaR, principally due to increased risk exposures, and an increase in regulatory VaR, principally due to market volatility. Advanced Operational RWAs as of March 2020 were essentially unchanged compared with December 2019. Year Ended December 2019. right-of-use 2016-02 Advanced Credit RWAs as of December 2019 decreased by $7.67 billion compared with December 2018. Beginning in the fourth quarter of 2019, the firm made changes to the calculation of the loss given default for certain wholesale exposures which resulted in a decrease in credit RWAs, primarily in commitments, guarantees and loans and derivatives. This decrease was partially offset by an increase in other credit RWAs, principally due to the recognition of operating lease right-of-use 2016-02 Regulatory Capital Ratios. Under the regulatory framework for prompt corrective action applicable to GS Bank USA, in order to meet the quantitative requirements for being 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 these capital requirements, including a breach of the buffers described above, could result in restrictions being imposed by GS Bank USA’s regulators. Similar to the firm, GS Bank USA is required to calculate each of 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 calculated in accordance with the Standardized and Advanced Capital Rules is the ratio against which GS Bank USA’s compliance with its risk-based capital requirements is assessed. 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%. The requirements also include the capital conservation buffer of 2.5% 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 March 2020 CET1 capital $ 29,760 $ 29,760 Tier 1 capital $ 29,760 $ 29,760 Tier 2 capital $ 5,710 $ 4,644 Total capital $ 35,470 $ 34,404 RWAs $272,752 $164,238 CET1 capital ratio 10.9% 18.1% Tier 1 capital ratio 10.9% 18.1% Total capital ratio 13.0% 20.9% As of December 2019 CET1 capital $ 29,176 $ 29,176 Tier 1 capital $ 29,176 $ 29,176 Tier 2 capital $ 5,293 $ 4,486 Total capital $ 34,469 $ 33,662 RWAs $258,541 $135,596 CET1 capital ratio 11.3% 21.5% Tier 1 capital ratio 11.3% 21.5% Total capital ratio 13.3% 24.8% 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 March 2020 and December 2019. • As permitted by the FRB, GS Bank USA has elected to temporarily delay the estimated effects of adopting CECL on regulatory capital until January 2022 and to subsequently phase-in the effects through January 2025. In addition, during 2020 and 2021, GS Bank USA has elected to increase regulatory capital by 25% of the increase in the allowance for credit losses since January 1, 2020, as permitted by the rules issued by the FRB. The impact of this increase will also be phased in over the three-year transition period. Reflecting the full impact of CECL as of March 2020 would not have had a material impact on GS Bank USA’s Standardized risk-based capital ratios. • The Standardized risk-based capital ratios and the Advanced risk-based capital ratios both decreased from December 2019 to March 2020, primarily due to an increase in Credit RWAs and Market RWAs. The table below presents information about GS Bank USA’s leverage ratios. For the Three Months Ended or as of $ in millions March 2020 December 2019 Tier 1 capital $ 29,760 $ 29,176 Average adjusted total assets $243,007 $220,974 Total leverage exposure $425,724 $413,852 Tier 1 leverage ratio 12.2% 13.2% SLR 7.0% 7.0% In the table above: • 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 firm’s principal non-U.S. Other. 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 (e.g., 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) even if the relevant subsidiary would satisfy the equity capital requirements applicable to it after giving effect to the dividend. For example, the FRB, the FDIC and the New York State Department of Financial Services have authority to prohibit or to limit the payment of dividends by the banking organizations they supervise (including GS Bank USA) if, in the regulator’s opinion, payment of a dividend would constitute an unsafe or unsound practice in light of the financial condition of the banking organization. In addition, Group Inc.’s equity investment in subsidiaries was $95.59 billion as of March 2020 and $95.68 billion as of December 2019, of which Group Inc. was required to maintain $63.09 billion as of March 2020 and $57.58 billion as of December 2019, of minimum equity capital in its regulated subsidiaries in order to satisfy the regulatory requirements of such subsidiaries. Group Inc.’s capital invested in certain non-U.S. non-U.S.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 21. 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 or performance 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 or performance conditions. The table below presents information about basic and diluted EPS. Three Months Ended March in millions, except per share amounts 2020 2019 Net earnings to common $1,123 $2,182 Weighted average basic shares 358.0 379.8 Effect of dilutive RSUs 3.1 2.6 Weighted average diluted shares 361.1 382.4 Basic EPS $ 3.12 $ 5.73 Diluted EPS $ 3.11 $ 5.71 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 two-class • Diluted EPS does not include antidilutive RSUs of 0.1 million for the three months ended March 2020 and 0.2 million for the three months ended March 2019.

Transactions with Affiliated Fu

Transactions with Affiliated Funds	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Transactions with Affiliated Funds	Note 22. 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 Ended March $ in millions 2020 2019 Fees earned from funds $ 921 $ 706 As of $ in millions March 2020 December 2019 Fees receivable from funds $ 877 $ 780 Aggregate carrying value of interests in funds $4,031 $5,490 The firm may periodically determine to waive certain management fees on selected money market funds. Management fees waived were $12 million for the three months ended March 2020 and $10 million for the three months ended March 2019. The Volcker Rule restricts the firm from providing financial support to covered funds (as defined in the rule) after the expiration of the conformance period. As a general matter, in the ordinary course of business, the firm does not expect to provide additional voluntary financial support to any covered funds, but may choose to do so with respect to funds that are not subject to the Volcker Rule. However, any such support is not expected to be material to the results of operations of the firm. In March 2020, GS Bank USA and unaffiliated entities purchased certificates of deposit and commercial paper from two money market funds managed by the firm. These funds are not covered funds under the Volcker Rule. GS Bank USA’s purchase price of $1.84 billion represented the fair value of these securities, which also closely approximated their face values. These purchases were made to promote liquidity in the short-term credit markets and to increase the funds’ weekly liquid assets. These securities are included within investments in the consolidated balance sheets. Group Inc. has provided a guarantee to GS Bank USA in connection with these securities. See Note 18 for information about guarantees provided by Group Inc. to subsidiaries. In addition, the firm had an outstanding guarantee, as permitted under the Volcker Rule, on behalf of its funds of $87 million as of both March 2020 and December 2019. The firm has voluntarily provided this guarantee in connection with a financing agreement with a third-party lender executed by one of the firm’s real estate funds that is not covered by the Volcker Rule. As of and during March 2020 and December 2019, except as noted above, the firm has not provided any additional financial support to its affiliated funds. In addition, in the ordinary course of business, the firm may also engage in other activities with its affiliated funds, including, among others, securities lending, trade execution, market-making, custody, and acquisition and bridge financing. See Note 18 for information about the firm’s investment commitments related to these funds.

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2020
Banking and Thrift, Interest [Abstract]
Interest Income and Interest Expense	Note 23. 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 Ended March $ in millions 2020 2019 Deposits with banks $ 205 $ 377 Collateralized agreements 534 1,304 Trading assets 1,573 1,388 Investments 471 395 Loans 1,316 1,319 Other interest 651 814 Total interest income 4,750 5,597 Deposits 818 857 Collateralized financings 448 669 Trading liabilities 314 366 Short-term borrowings 141 142 Long-term borrowings 1,105 1,384 Other interest 611 961 Total interest expense 3,437 4,379 Net interest income $1,313 $1,218 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. • Other interest expense includes rebates received on other interest-bearing liabilities and interest expense on customer credit balances.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 24. 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. Jurisdiction As of March 2020 U.S. Federal 2011 New York State and City 2011 United Kingdom 2017 Japan 2014 Hong Kong 2013 U.S. Federal examinations of 2011 and 2012 began in 2013. The firm has been accepted into the Compliance Assurance Process program by the IRS for each of the tax years from 2013 through 2020. 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. The 2013 through 2018 tax years remain subject to post-filing review. New York State and City examinations (excluding GS Bank USA) of 2011 through 2014 began in 2017. New York State and City examinations for GS Bank USA have been completed through 2014. 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	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segments	Note 25. Business Segments The firm reports its activities in the following four business segments: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management. See Note 1 for information about the firm’s business segments. 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 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 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 Ended March $ in millions 2020 2019 Investment Banking Non-interest $ $ 1,627 Net interest income 138 119 Total net revenues 2,184 1,746 Provision for credit losses 622 86 Operating expenses 1,169 1,005 Pre-tax $ $ 655 Net earnings $ $ 543 Net earnings to common $ $ 535 Average common equity $ $11,496 Return on average common equity 12.1% 18.6% Global Markets Non-interest $ $ 3,483 Net interest income 511 557 Total net revenues 5,163 4,040 Provision for credit losses 68 3 Operating expenses 2,847 2,748 Pre-tax $ $ 1,289 Net earnings $ $ 1,068 Net earnings to common $ $ 1,020 Average common equity $ $40,705 Return on average common equity 19.7% 10.0% Asset Management Non-interest $ ) $ 1,646 Net interest income 171 147 Total net revenues (96 ) 1,793 Provision for credit losses 79 13 Operating expenses 1,198 1,103 Pre-tax $ ) $ 677 Net earnings/(loss) $ ) $ 559 Net earnings/(loss) to common $ ) $ 549 Average common equity $ $20,365 Return on average common equity (23.6)% 10.8% Consumer & Wealth Management Non-interest $ $ 833 Net interest income 493 395 Total net revenues 1,492 1,228 Provision for credit losses 168 122 Operating expenses 1,244 1,008 Pre-tax $ $ 98 Net earnings $ $ 81 Net earnings to common $ $ 78 Average common equity $ $ 5,859 Return on average common equity 3.8% 5.3% Total Non-interest $ $ 7,589 Net interest income 1,313 1,218 Total net revenues 8,743 8,807 Provision for credit losses 937 224 Operating expenses 6,458 5,864 Pre-tax $ $ 2,719 Net earnings $ $ 2,251 Net earnings to common $ $ 2,182 Average common equity $ $78,425 Return on average common equity 5.7% 11.1% In the table above: • Revenues and expenses directly associated with each segment are included in determining pre-tax • 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 table below presents depreciation and amortization expense by segment. Three Months Ended March $ in millions 2020 2019 Investment Banking $ 39 $ 29 Global Markets 133 147 Asset Management 170 137 Consumer & Wealth Management 95 55 Total $437 $368 Segment Assets The table below presents assets by segment. As of $ in millions March 2020 December 2019 Investment Banking $ 105,059 $ 92,009 Global Markets 800,476 725,060 Asset Management 92,636 92,102 Consumer & Wealth Management 91,585 83,797 Total $1,089,756 $992,968 The table below presents gross loans by segment and loan type. As of $ in millions March 2020 December 2019 Corporate $ 48,121 $ 27,035 Investment Banking 48,121 27,035 Corporate 12,881 11,852 Real estate 12,787 15,671 Other 4,873 3,756 Global Markets 30,541 31,279 Corporate 7,528 7,420 Real estate 8,456 9,030 Other 751 1,036 Asset Management 16,735 17,486 Wealth management 29,017 27,940 Installment 4,826 4,747 Credit cards 2,081 1,858 Consumer & Wealth Management 35,924 34,545 Total $ 131,321 $110,345 The table below presents the allowance for loan losses by segment. As of $ in millions March 2020 December 2019 Investment Banking $1,174 $ 470 Global Markets 269 168 Asset Management 489 385 Consumer & Wealth Management 936 418 Total $2,868 $1,441 See Note 9 for further information about loans. 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 $ in millions 2020 2019 Three Months Ended March Americas $5,171 59% $5,245 60% EMEA 2,108 24% 2,459 28% Asia 1,464 17% 1,103 12% Total net revenues $8,743 100% $8,807 100% Americas $ 551 41% $1,488 55% EMEA 436 32% 911 33% Asia 361 27% 320 12% Total pre-tax $1,348 100% $2,719 100% In the table above: • Results in Americas were primarily attributable to the U.S. • Asia includes Australia and New Zealand.

Credit Concentrations

Credit Concentrations	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Credit Concentrations	Note 26. 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 $ in millions March 2020 December 2019 U.S. government and agency obligations $162,690 $167,097 Percentage of total assets 14.9% 16.8% Non-U.S. $ 47,457 $ 44,875 Percentage of total assets 4.4% 4.5% In addition, the firm had $64.10 billion as of March 2020 and $96.97 billion as of December 2019 of cash deposits held at central banks (included in cash and cash equivalents), of which $34.16 billion as of March 2020 and $50.55 billion as of December 2019 was held at the Federal Reserve Bank of New York. As of both March 2020 and December 2019, 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. The table below presents U.S. government and agency obligations and non-U.S. As of $ in millions March 2020 December 2019 U.S. government and agency obligations $80,136 $49,396 Non-U.S. $72,573 $55,889 In the table above: • Non-U.S. • Given that the firm’s primary credit exposure on such transactions is to the counterparty to the transaction, the firm would be exposed to the collateral issuer only in the event of counterparty default.

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Note 27. 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 as being equal to (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 March 2020 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 $3.2 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. See Note 18 for further information about mortgage-related contingencies. 1Malaysia Development Berhad (1MDB)-Related Matters The firm has received subpoenas and requests for documents and information from various governmental and regulatory bodies and self-regulatory organizations as part of investigations and reviews relating to financing transactions and other matters involving 1MDB, a sovereign wealth fund in Malaysia. 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, and Low Taek Jho. Leissner pleaded guilty to a two-count co-conspirator, On December 17, 2018, the Attorney General of Malaysia filed criminal charges in Malaysia against GSI, as the arranger of three offerings of debt securities of 1MDB, aggregating approximately $6.5 billion in principal amount, for alleged disclosure deficiencies in the offering documents relating to, among other things, the use of proceeds for the debt securities, as well as against Goldman Sachs (Asia) LLC (GS Asia) and Goldman Sachs (Singapore) PTE (GS Singapore). Criminal charges have also been filed against Leissner, Low, Ng and Jasmine Loo Ai Swan. In a related press release, the Attorney General of Malaysia indicated that prosecutors in Malaysia will seek criminal fines against the accused in excess of $2.7 billion plus the $600 million of fees received in connection with the debt offerings. On August 9, 2019, the Attorney General of Malaysia announced that criminal charges had also been filed against seventeen current and former directors of GSI, GS Asia and GS Singapore. The Malaysia Securities Commission issued notices to show cause against Goldman Sachs (Malaysia) Sdn Bhd (GS Malaysia) in December 2018 and March 2019 that (i) allege possible violations of Malaysian securities laws and (ii) indicate that the Malaysia Securities Commission is considering whether to revoke GS Malaysia’s license to conduct corporate finance and fund management activities in Malaysia. 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 December 13, 2019, an alleged shareholder filed a lawsuit in the Court of Chancery of the State of Delaware seeking books and records relating to, among other things, the firm’s involvement with 1MDB and the firm’s compliance procedures. The parties have agreed to stay proceedings pending resolution of the books and records demand. 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 amended complaint filed on July 12, 2019, which seeks unspecified damages, disgorgement and injunctive relief, 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. Defendants moved to dismiss this action on September 12, 2019. Beginning in March 2019, the firm has also received demands from alleged shareholders to investigate and pursue claims against certain current and former directors and executive officers based on their oversight and public disclosures regarding 1MDB and related internal controls. On November 21, 2018, a summons with notice was filed in New York Supreme Court, County of New York, by International Petroleum Investment Company, which guaranteed certain debt securities issued by 1MDB, and its subsidiary Aabar Investments PJS. The summons with notice makes unspecified claims relating to 1MDB and seeks unspecified compensatory and punitive damages and other relief against Group Inc., GSI, GS Asia, GS Singapore, GS Malaysia, Leissner, Ng, and Vella, as well as individuals (who are not current or former employees of the firm) previously associated with the plaintiffs. 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 concerning 1MDB and seeking unspecified damages. The plaintiffs filed the second amended complaint on October 28, 2019, which the defendants moved to dismiss on January 9, 2020. The firm is cooperating with the DOJ and all other governmental and regulatory investigations relating to 1MDB. The firm is also engaged in discussions with certain governmental and regulatory authorities with respect to potential resolution of their investigations and proceedings. There can be no assurance that the discussions will lead to resolution of any of those matters. Any such resolution, as well as proceedings by the DOJ or other governmental or regulatory authorities, could result in the imposition of significant fines, penalties and other sanctions against the firm, including restrictions on the firm’s activities. 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 names 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 unspecified damages. The defendants have moved for summary judgment. On April 7, 2020, the Second Circuit Court of Appeals affirmed the district court’s August 14, 2018 grant of class certification. Beginning on February 15, 2019, a summons with notice and a complaint were filed 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, and the cases are pending in the U.S. District Court for the Southern District of New York. The summons with notice and complaint 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. Defendants moved to dismiss the complaint on September 23, 2019. The firm continues to receive requests for information, including from certain regulators, relating to mortgage-related activities. Director Compensation-Related Litigation On May 9, 2017, Group Inc. and certain of its current and former directors were named as defendants in a purported direct and derivative shareholder action in the Court of Chancery of the State of Delaware (a similar purported derivative action, filed in June 2015, alleging excessive director compensation over the period 2012 to 2014 was voluntarily dismissed without prejudice in December 2016). The complaint alleges that excessive compensation has been paid to the non-employee non-employee Currencies-Related Litigation GS&Co. and Group Inc. are among the defendants named in putative class actions filed in the U.S. District Court for the Southern District of New York beginning in September 2016 on behalf of putative indirect purchasers of foreign exchange instruments. On August 5, 2019, the plaintiffs filed a third consolidated amended complaint generally alleging a conspiracy to manipulate the foreign currency exchange markets, asserting claims under various state antitrust laws and state consumer protection laws and seeking treble damages in an unspecified amount. In February 2020, the parties reached a settlement in principle, subject to documentation and court approval. The firm has reserved the full amount of its proposed contribution to the settlement. 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 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 second amended complaint, filed on June 11, 2019, 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. Defendants moved to dismiss on July 25, 2019. 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. 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. Certain of these proceedings involve additional allegations. Adeptus Health Inc. SunEdison, Inc. , S unEdison filed for Chapter 11 bankruptcy. The pending cases were transferred to the U.S. District Court for the Southern District of New York and on March 17, 2017, plaintiffs in the putative class action filed a consolidated amended complaint. GS&Co., as underwriter, sold shares of SunEdison convertible preferred stock in the offering, representing an aggregate offering price of approximately $ million. On April 10, 2018 and April 17, 2018, certain plaintiffs in the individual actions filed amended complaints. The defendants have reached a settlement with certain plaintiffs in the individual actions and a settlement of the class action, which the court approved on October 25, 2019. The firm has paid the full amount of its contribution to the settlement. Defendants moved to dismiss the remaining individual actions on December 18, 2019. Valeant Pharmaceuticals International, Inc. non-U.S. GS&Co. and GS Canada, as sole underwriters, sold 5,334,897 shares of common stock in the June 2013 offering to non-U.S. non-U.S. Snap Inc. , Sea Limited. Altice USA, Inc. , Camping World Holdings, Inc. the Illinois state court action on April 19, 2019 and the Illinois district court action on May 17, 2019. The Illinois state court action has been stayed pending resolution of the motions to dismiss in the Illinois district court action. On April 7, 2020, the Illinois district court preliminarily approved a settlement among the parties to the Illinois district court action, which would resolve this action without any contribution by GS&Co. On April 22, 2020, the New York state court granted in part and denied in part the underwriter defendants’ motion to dismiss with leave to amend. Alnylam Pharmaceuticals, Inc. Uber Technologies, Inc. Venator Materials PLC. XP Inc. Investment Management Services Group Inc. and certain of its affiliates are parties to various civil litigation and arbitration proceedings and other disputes with clients relating to losses allegedly sustained as a result of the firm’s investment management services. These claims generally seek, among other things, restitution or other compensatory damages and, in some cases, punitive damages. Securities Lending Antitrust Litigation Group Inc. and GS&Co. are among the defendants named in a putative antitrust class action and three individual actions relating to securities lending practices filed in the U.S. District Court for the Southern District of New York beginning in August 2017. The complaints generally assert claims under federal and state antitrust law and state common law in connection with an alleged conspiracy among the defendants to preclude the development of electronic platforms for securities lending transactions. The individual complaints also assert claims for tortious interference with business relations and under state trade practices law and, in the second and third individual actions, unjust enrichment under state common law. The complaints seek declaratory and injunctive relief, as well as unspecified amounts of compensatory, treble, punitive and other damages. Group Inc. was voluntarily dismissed from the putative class action on January 26, 2018. Defendants’ motion to dismiss the class action complaint was denied on September 27, 2018. Defendants moved to dismiss the second individual action on December 21, 2018. Defendants’ motion to dismiss the first individual action was granted on August 7, 2019. Interest Rate Swap Antitrust Litigation Group Inc., GS&Co., GSI, GS Bank USA and Goldman Sachs Financial Markets, L.P. (GSFM) are among the defendants named in a putative antitrust class action relating to the trading of interest rate swaps, filed in November 2015 and consolidated in the U.S. District Court for the Southern District of New York. The same Goldman Sachs entities also are among the defendants named in two antitrust actions relating to the trading of interest rate swaps, commenced in April 2016 and June 2018, respectively, in the U.S. District Court for the Southern District of New York by three operators of swap execution facilities and certain of their affiliates. These actions have been consolidated for pretrial proceedings. The complaints generally assert claims under federal antitrust law and state common law in connection with an alleged conspiracy among the defendants to preclude exchange trading of interest rate swaps. The complaints in the individual actions also assert claims under state antitrust law. The complaints seek declaratory and injunctive relief, as well as treble damages in an unspecified amount. Defendants moved to dismiss the class and the first individual action and the district court dismissed the state common law claims asserted by the plaintiffs in the first individual action and otherwise limited the state common law claim in the putative class action and the antitrust claims in both actions to the period from 2013 to 2016. On November 20, 2018, the court granted in part and denied in part the defendants’ motion to dismiss the second individual action, dismissing the state common law claims for unjust enrichment and tortious interference, but denying dismissal of the federal and state antitrust claims. On March 13, 2019, the court denied the plaintiffs’ motion in the putative class action to amend their complaint to add allegations related to 2008-2012 conduct, but granted the motion to add limited allegations from 2013-2016, which the plaintiffs added in a fourth consolidated amended complaint filed on March 22, 2019. The plaintiffs in the putative class action moved for class certification on March 7, 2019. GSE Bonds Antitrust Litigation GS&Co. is among the dealers named as defendants in numerous putative antitrust class actions relating to debt securities issued by Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Farm Credit Banks Funding Corporation and Federal Home Loan Banks (collectively, the GSEs), filed beginning in February 2019 and consolidated in the U.S. District Court for the Southern District of New York. The third consolidated amended complaint, filed on September 10, 2019, asserts claims under federal antitrust law in connection with an alleged conspiracy among the defendants to manipulate the secondary market for debt securities issued by the GSEs. The complaint seeks declaratory and injunctive relief, as well as treble damages in unspecified amounts. On December 12, 2019, the court preliminarily approved a settlement between the firm and class plaintiffs. The firm has reserved the full amount of its contribution to the settlement. Beginning in September 2019, the State of Louisiana and the City of Baton Rouge filed complaints in the U.S. District Court for the Middle District of Louisiana against the class defendants and a number of dealers alleging the same claims as in the class action. In January 2020, the State of Louisiana and City of Baton Rouge voluntarily dismissed their actions with prejudice against GS&Co. in favor of participating in the class settlement. Variable Rate Demand Obligations Antitrust Litigation GS&Co. is among the defendants named in a putative class action relating to variable rate demand obligations (VRDOs), filed beginning in February 2019 under separate complaints and consolidated in the U.S. District Court for the Southern District of New York. The consolidated amended complaint, filed on May 31, 2019, generally asserts claims under federal antitrust law and state common law in connection with an alleged conspiracy among the defendants to manipulate the market for VRDOs. The complaint seeks declaratory and injunctive relief, as well as unspecified amounts of compensatory, treble and other damages. Defendants moved to dismiss on July 30, 2019. Commodities-Related Litigation GSI is among the defendants named in putative class actions relating to trading in platinum and palladium, filed beginning on November 25, 2014 and most recently amended on May 15, 2017, in the U.S. District Court for the Southern District of New York. The amended complaint generally alleges that the defendants violated federal antitrust laws and the Commodity Exchange Act in connection with an alleged conspiracy to manipulate a benchmark for physical platinum and palladium prices and seek declaratory and injunctive relief, as well as treble damages in an unspecified amount. On March 29, 2020, the court granted the defendants’ motions to dismiss and for reconsideration, resulting in the dismissal of all claims. Plaintiffs have been granted leave to replead. GS&Co., GSI, J. Aron & Company and Metro, a previously consolidated subsidiary of Group Inc. that was sold in the fourth quarter of 2014, are among the defendants in a number of putative class and individual actions filed beginning on August 1, 2013 and consolidated in the U.S. District Court for the Southern District of New York. The complaints generally allege violations of federal antitrust laws and state laws in connection with the storage of aluminum and aluminum trading. The complaints seek declaratory, injunctive and other equitable relief, as well as unspecified monetary damages, including treble damages. In December 2016, the district court granted defendants’ motions to dismiss as to all remaining claims. Certain plaintiffs subsequently appealed in December 2016. On August 27, 2019, the Second Circuit vacated the district court’s dismissals and remanded the case to district court for further proceedings. Group Inc., GS&Co., GSI, J. Aron & Company and Metro are among the defendants in an action filed on February 27, 2020 in the High Court of Justice, Business and Property Courts of England and Wales. The particulars of claim seeks unspecified compensatory and exemplary damages based on alleged violations of U.K. and E.U. competition laws in connection with the storage and trading of aluminum. U.S. Treasury Securities Litigation GS&Co. is among the primary dealers named as defendants in several putative class actions relating to the market for U.S. Treasury securities, filed beginning in July 2015 and consolidated in the U.S. District Court for the Southern District of New York. GS&Co. is also among the primary dealers named as defendants in a similar individual action filed in the U.S. District Court for the Southern District of New York on August 25, 2017. The consolidated class action complaint, filed on December 29, 2017, generally alleges that the defendants violated antitrust laws in connection with an alleged conspiracy to manipulate the when-issued market and auctions for U.S. Treasury securities and that certain defendants, including GS&Co., colluded to preclude trading of U.S. Treasury securities on electronic trading platforms in order to impede competition in the bidding process. The individual action alleges a similar conspiracy regarding manipulation of the when-issued market and auctions, as well as related futures and options in violation of the Commodity Exchange Act. The complaints seek declaratory and injunctive relief, treble damages in an unspecified amount and restitution. Defendants moved to dismiss on February 23, 2018. Corporate Bonds Antitrust Litigation Group Inc. and GS&Co. are among the dealers named as defendants in a putative class action relating to the secondary market for odd-lot corporate bonds, filed on April 21, 2020 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under federal antitrust law in connection with alleged anti-competitive conduct by the defendants in the secondary market for odd-lots of corporate bonds, and seeks declaratory and injunctive relief, as well as unspecified monetary damages, including treble and punitive damages and restitution. Employment-Related Matters On September 15, 2010, a putative class action was filed in the U.S. District Court for the Southern District of New York by three female former employees. The complaint, as subsequently amended, alleges that Group Inc. and GS&Co. have systematically discriminated against female employees in respect of compensation, promotion and performance evaluations. The complaint alleges a class consisting of all female employees employed at specified levels in specified areas by Group Inc. and GS&Co. since July 2002, and asserts claims under federal and New York City discrimination laws. The complaint seeks class action status, injunctive relief and unspecified amounts of compensatory, punitive and other damages. On March 30, 2018, the district court certified a damages class as to the plaintiffs’ disparate impact and treatment claims. On September 4, 2018, the Second Circuit Court of Appeals denied defendants’ petition for interlocutory review of the district court’s class certification decision and subsequently denied defendants’ petition for rehearing. On September 27, 2018, plaintiffs advised the district court that they would not seek to certify a class for injunctive and declaratory relief. On March 26, 2020, the Magistrate Judge in the district court granted in part a motion to compel arbitration as to class members who are parties to certain agreements with Group Inc. and/or GS&Co. in which they agreed to arbitrate employment-related disputes. On April 16, 2020, plaintiffs submitted objections to the Magistrate Judge’s order and defendants submitted conditional objections in the event that the district judge overturns any portion of the Magistrate Judge’s order. Regulatory Investigations and Reviews and Related Litigation Group Inc. and certain of its affiliates are subject to a number of other investigations and reviews by, and in some cases have received subpoenas and requests for documents and information from, various governmental and regulatory bodies and self-regulatory organizations and litigation and shareholder requests relating to various matters relating to the firm’s businesses and operations, including: • The public offering process; • The firm’s investment management and financial advisory services; • Conflicts of interest; • Research practices, including research independence and interactions between research analysts and other firm personnel, including investment banking personnel, as well as third parties; • Transactions involving government-related financings and other matters, municipal securities, including wall-cross procedures and conflict of interest disclosure with respect to state and municipal clients, the trading and structuring of municipal derivative instruments in connection with municipal offerings, political contribution rules, municipal advisory services and the possible impact of credit default swap transactions on municipal issuers; • Credit cards, unsecured installment and residential mortgage lending and servicing, and compliance with related consumer laws; • The offering, auction, sales, trading and clearance of corporate and government securities, currencies, commodities and other financial products and related sales and other communications and activities, as well as the firm’s supervision and controls relating to such activities, including compliance with applicable short sale rules, algorithmic, high-frequency and quantitative trading, the firm’s U.S. alternative trading system (dark pool), futures trading, options trading, when-issued trading, transaction reporting, technology systems and controls, securities lending practices, trading and clearance of credit derivative instruments and interest rate swaps, commodities activities and metals storage, private placement practices, allocations of and trading in securities, and trading activities and communications in connection with the establishment of benchmark rates, such as currency rates; • Compliance with the FCPA; • The firm’s hiring and compensation practices; • The firm’s system of risk management and controls; and • Insider trading, the potential misuse and dissemination of material nonpublic information regarding corporate and governmental developments and the effectiveness of the firm’s insider trading controls and information barriers. The firm is cooperating with all such governmental and regulatory investigations and reviews.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
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.
Consolidation, Policy	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. Variable Interest Entities. Equity-Method Investments. in-substance 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.
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 provisions for losses that may arise from tax audits. These estimates and assumptions are based on the best available information but actual results could be materially different.
Revenue Recognition, Policy	Revenue Recognition Financial Assets and Liabilities at Fair Value. Revenue from Contracts with Clients. , Revenues from these contracts with clients represent approximately 55% of total non-interest revenues (including approximately % of investment banking revenues, approximately % of investment management revenues and all commissions and fees) for the three months ended March 2020, and approximately % of total non-interest revenues (including approximately % of investment banking revenues, approximately % of investment management revenues and all commissions and fees) for the three months ended March 2019. See Note 25 for information about net revenues by business segment. Investment Banking Advisory. Non-refundable Expenses associated with financial advisory assignments are recognized when incurred and are included in other expenses. Client reimbursements for such expenses are included in investment banking revenues. Underwriting. 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 other expenses. 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 brokerage, clearing, exchange and distribution fees. Management Fees. month-end 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 brokerage, clearing, exchange and distribution fees. Incentive Fees. 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 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 March 2020, substantially all future net revenues associated with such remaining performance obligations will be recognized through 202 7 7
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, Policy	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 $11.70 billion as of March 2020 and $12.57 billion as of December 2019. Cash and cash equivalents also included interest-bearing deposits with banks of $93.79 billion as of March 2020 and $120.98 billion as of December 2019. The firm segregates cash for regulatory and other purposes related to client activity. Cash and cash equivalents segregated for regulatory and other purposes were $28.93 billion as of March 2020 and $22.78 billion as of December 2019. 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, Policy	Customer and Other Receivables Customer and other receivables included receivables from customers and counterparties of $72.63 billion as of March 2020 and $50.90 billion as of December 2019, and receivables from brokers, dealers and clearing organizations of $48.30 billion as of March 2020 and $23.71 billion as of December 2019. 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 March 2020 and December 2019. 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 $2.31 billion as of March 2020 and $2.27 billion as of December 2019. As of both March 2020 and December 2019 contract assets were not material.
Customer and Other Payables, Policy	Customer and Other Payables Customer and other payables included payables to customers and counterparties of $201.68 billion as of March 2020 and $170.21 billion as of December 2019, and payables to brokers, dealers and clearing organizations of $11.50 billion as of March 2020 and $4.61 billion as of December 2019. 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 March 2020 and December 2019. Interest on customer and other payables is recognized over the life of the transaction and included in interest expense.
Offsetting Assets and Liabilities, Policy	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 non-defaulting Derivatives are reported on a net-by-counterparty net-by-counterparty 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, Policies	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 outstanding restricted stock units (RSUs) are 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
Foreign Currency Translation, Policy	Foreign Currency Translation Assets and liabilities denominated in non-U.S. non-U.S.
Recent Accounting Developments	Recent Accounting Developments​​​​​​​ Leases (ASC 842). 2016-02, right-of-use right-of-use The firm adopted this ASU in January 2019 under a modified retrospective approach. Upon adoption, in accordance with the ASU, the firm elected to not reassess the lease classification or initial direct costs of existing leases, and to not reassess whether existing contracts contain a lease. In addition, the firm has elected to account for each contract’s lease and non-lease Measurement of Credit Losses on Financial Instruments (ASC 326). 2016-13, The firm adopted this ASU in January 2020 under a modified retrospective approach. As a result of adopting this ASU, the firm’s allowance for credit losses on financial assets and commitments that are measured at amortized cost reflects management’s estimate of credit losses over the remaining expected life of such assets. Expected credit losses for newly recognized financial assets and commitments, as well as changes to expected credit losses during the period, are recognized in earnings. These expected credit losses are measured based on historical experience, current conditions and forecasts that affect the collectability of the reported amount. The cumulative effect of measuring the allowance under CECL as a result of adopting this ASU as of January 1, 2020 was an increase in the allowance for credit losses of $848 million. The increase in the allowance is driven by the fact that the allowance under CECL covers expected credit losses over the full expected life of the loan portfolios and also takes into account forecasts of expected future economic conditions. In addition, in accordance with the ASU, the firm elected the fair value option for loans that were previously accounted for as Purchased Credit Impaired (PCI), which resulted in a decrease to the allowance for PCI loans of $169 million. The cumulative effect of adopting this ASU was a decrease to retained earnings of $638 million (net of tax). Facilitation of the Effects of Reference Rate Reform on Financial Reporting
Fair Value Measurements, Policy	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. Level 2. Level 3. 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. non-U.S. Level 2. non-U.S. 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 firm) 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. 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 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 U.S. and non-U.S. • 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. 10-year 2-year • Credit. • Currency. • Commodity. • Equity. Liquidity is essential to 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 2. 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 firm) and the relationship of recent market activity to the prices provided from alternative pricing sources. Level 3. • 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). In addition, for level 3 interest rate derivatives, significant unobservable inputs include specific interest rate 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, recovery rates and certain correlations required to value credit derivatives (e.g., the likelihood of default of the underlying reference obligation relative to one another). • 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. mid-market 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 repurchase agreements and substantially all resale agreements; securities borrowed and loaned in Fixed Income, Currency and Commodities (FICC) financing; 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 and collateralized central bank financings; certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; and 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. Customer and Other Receivables. Deposits. Other Secured Financings. Unsecured Short- and Long-Term Borrowings. Other Liabilities.
Hedge Accounting, Policy	Hedge Accounting The firm applies hedge accounting for (i) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit and (ii) certain 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. 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 certain interest rate swaps as fair value hedges of certain fixed-rate unsecured long-term and short-term debt and fixed-rate certificates of deposit. These interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate (e.g., London Interbank Offered Rate (LIBOR) or Overnight Index Swap Rate), effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations. The firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value 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%. 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.
Fair Value Option, Policy	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: • Repurchase agreements and substantially all resale agreements; • Securities borrowed and loaned in FICC financing; • Most other secured financings, including transfers of assets accounted for as financings and collateralized central bank financings ; • Certain unsecured short- and long-term borrowings, substantially all of which are hybrid financial instruments; • Certain customer and other receivables, including certain margin loans; and • 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.
Loans, Policy	Loans include (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. Loans accounted for at amortized cost included PCI loans with a carrying value of $1.62 billion (outstanding principal balance of $3.23 billion and accretable yield of $220 million) as of December 2019, which were secured by commercial and residential real estate. In January 2020, the firm elected the fair value option for these PCI loans in accordance with ASU No. 2016-13. 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. The firm adopted ASU No. 2016-13 in January 2020, which replaced the incurred credit loss model for recognizing credit losses with the CECL model. As a result, the firm’s allowance for credit losses effective January 2020 reflects management’s estimate of credit losses over the remaining expected life of such loans and also considers forecasts of future economic conditions. Prior to January 2020, the allowance for credit losses reflected probable incurred credit losses. See Note 3 for further information about the adoption of CECL. 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. Prior to January 2020, the firm also had PCI loans which were classified as a separate portfolio. 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 asset-specific basis for loans that do not share similar risk characteristics. Under CECL, the allowance for loan losses takes into account the weighted average of a range of forecasts of future economic conditions over the expected life of the loan. These forecasts include baseline, favorable and adverse economic scenarios. The allowance for loan losses also includes qualitative components which allow management to reflect the uncertain nature of economic forecasting and account for model imprecision. Management’s estimate of loan losses entails judgment about loan collectability at the reporting dates, and there are uncertainties inherent in those judgments. 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.
Collateralized Agreements and Financings, Policy	Collateralized agreements and financings are presented on a net-by-counterparty Even though repurchase and resale agreements (including “repos- and reverses-to-maturity”) 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 • 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 0.32% as of March 2020 and 4.32% as of December 2019. These rates include the effect of hedging activities. • U.S. dollar-denominated long-term other secured financings at amortized cost had a weighted average interest rate of 2.79% as of both March 2020 and December 2019. These rates include the effect of hedging activities. • Total other secured financings included $1.48 billion as of March 2020 and $2.16 billion as of December 2019 related to transfers of financial assets accounted for as financings rather than sales. Such financings were collateralized by financial assets of $1.38 billion as of March 2020 and $2.21 billion as of December 2019, both primarily included in trading assets. • Other secured financings collateralized by financial instruments included $24.62 billion as of March 2020 and $9.09 billion as of December 2019 of other secured financings collateralized by trading assets and loans, and included $3.70 billion as of March 2020 and $2.93 billion as of December 2019 of other secured financings collateralized by financial instruments received as collateral and repledged.
Securitization Activities, Policy	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.
Consolidation, Variable Interest Entity, Policy	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.
Property, Plant and Equipment, Policy	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.
Goodwill and Intangible Assets, Policy	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.
Impairments, Policy	The firm tests property, leasehold improvements and equipment for impairment whenever 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.
Property, Plant and Equipment, Operating Lease Policy	Operating lease liabilities include obligations for office space held in excess of current requirements. Operating lease costs relating to space held for growth is included in occupancy expenses.
Deposits, Policy	The firm’s savings and demand deposits are recorded based on the amount of cash received plus accrued interest
Debt, Policy	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 March 2020 and December 2019.
Commitments to Extend Credit, Policy	• Held for investment lending commitments are accounted for at amortized cost. The carrying value of lending commitments was a liability of $460 million (including allowance for losses of $335 million) as of March 2020 and $527 million (including allowance for losses of $361 million) as of December 2019. The estimated fair value of such lending commitments was a liability of $5.89 billion as of March 2020 and $3.05 billion as of December 2019. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $3.29 billion as of March 2020 and $1.78 billion as of December 2019 would have been classified in level 2, and $2.60 billion as of March 2020 and $1.27 billion as of December 2019 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 $196 million as of March 2020 and $60 million as of December 2019. 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 2 as of both March 2020 and December 2019. • Gains or losses related to lending commitments at fair value, if any, are generally recorded net of any fees in other principal transactions.
Derivative Guarantees, Policy	Derivative Guarantees.
Earnings Per Share Policy	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 or performance 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 or performance conditions.
Interest Income and Interest Expense, Policy	Interest is recorded over the life of the instrument on an accrual basis based on contractual interest rates.
Income Tax, Policy	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.
Business Segments, Policy	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.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.
Trading Assets and Liabilities, Policy	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 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 generally recognized in the consolidated statements of earnings.
Trading Cash Instruments, Policy	Trading cash instruments consists of instruments held in connection with the firm’s market-making or risk management activities. These instruments are accounted for at fair value and the related fair value gains and losses are recognized in the consolidated statements of earnings.
Investments, Policy	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 held-to-maturity 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 earnings. Equity Securities, at Fair Value. Held-to-Maturity Held-to-maturity
Held to Maturity Securities, Policy	held-to-maturity

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Financial Assets Liabilities Summary	The table below presents financial assets and liabilities accounted for at fair value. As of $ in millions March 2020 December 2019 Total level 1 financial assets $ $242,562 Total level 2 financial assets 440,469 325,259 Total level 3 financial assets 30,776 23,068 Investments in funds at NAV 3,545 4,206 Counterparty and cash collateral netting (78,612 ) (55,527 ) Total financial assets at fair value $ $539,568 Total assets $1,089,756 $992,968 Total level 3 financial assets divided by: Total assets 2.8% 2.3% Total financial assets at fair value 5.0% 4.3% Total level 1 financial liabilities $ $ 54,790 Total level 2 financial liabilities 320,820 293,902 Total level 3 financial liabilities 27,565 25,938 Counterparty and cash collateral netting (60,796 ) (41,671 ) Total financial liabilities at fair value $ $332,959 Total level 3 financial liabilities divided by 7.9% 7.8% 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 of the fair value hierarchy.
Total Level 3 Financial Assets	The table below presents a summary of level 3 financial assets. As of $ in millions March 2020 December 2019 Trading assets: Trading cash instruments $ $ 1,242 Derivatives 7,381 4,654 Investments 19,408 15,282 Loans 2,753 1,890 Total $ $ 23,068

Trading Assets and Liabilities

Trading Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Trading Assets and Liabilities [Abstract]
Summary of Trading Assets and Liabilities	The table below presents a summary of trading assets and liabilities. $ in millions Trading Assets Trading Liabilities As of March 2020 Trading cash instruments $300,900 $ 74,319 Derivatives 74,571 62,039 Total $375,471 $136,358 As of December 2019 Trading cash instruments $310,080 $ 65,033 Derivatives 45,252 43,802 Total $355,332 $108,835
Gains and Losses from Market Making	The table below presents market making revenues by major product type. Three Months $ in millions 2020 2019 Interest rates $ $1,260 Credit 1,842 242 Currencies (735 ) 718 Equities 1,700 390 Commodities 138 113 Total $3,682 $2,723

Trading Cash Instruments (Table

Trading Cash Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
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 March 2020 Assets Government and agency obligations: U.S. $ 89,564 $ 49,771 $ 11 $139,346 Non-U.S. 37,925 9,493 16 47,434 Loans and securities backed by: Commercial real estate – 2,411 130 2,541 Residential real estate – 6,906 251 7,157 Corporate debt instruments 683 24,804 719 26,206 State and municipal obligations – 347 – 347 Other debt obligations 328 3,206 34 3,568 Equity securities 70,795 1,191 73 72,059 Commodities – 2,242 – 2,242 Total $199,295 $100,371 $1,234 $300,900 Liabilities Government and agency obligations: U.S. $ ) $ ) $ – $ ) Non-U.S. (23,065 ) (2,445 ) (1 ) (25,511 ) Loans and securities backed by: Commercial real estate – (26 ) (1 ) (27 ) Residential real estate – (2 ) – (2 ) Corporate debt instruments (7 ) (8,160 ) (177 ) (8,344 ) Other debt obligations – (5 ) – (5 ) Equity securities (29,037 ) (379 ) (15 ) (29,431 ) Commodities – (29 ) – (29 ) Total $ ) $ ) $ ) $ ) As of December 2019 Assets Government and agency obligations: U.S. $108,200 $ 34,714 $ 21 $142,935 Non-U.S. 33,709 11,108 22 44,839 Loans and securities backed by: Commercial real estate – 2,031 191 2,222 Residential real estate – 5,794 231 6,025 Corporate debt instruments 1,313 26,768 692 28,773 State and municipal obligations – 680 – 680 Other debt obligations 409 1,074 10 1,493 Equity securities 78,782 489 75 79,346 Commodities – 3,767 – 3,767 Total $222,413 $ 86,425 $1,242 $310,080 Liabilities Government and agency obligations: U.S. $ ) $ ) $ $ ) Non-U.S. (21,213 ) (2,205 ) (6 ) (23,424 ) Loans and securities backed by: Commercial real estate – (31 ) (1 ) (32 ) Residential real estate – (2 ) – (2 ) Corporate debt instruments (115 ) (7,494 ) (253 ) (7,862 ) State and Municipal obligations – (2 ) – (2 ) Equity securities (23,519 ) (212 ) (13 ) (23,744 ) Commodities – (6 ) – (6 ) Total $ ) $ ) $ (273 ) $ ) 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. • Equity securities includes public equities and exchange-traded funds. • Other debt obligations includes other asset-backed securities and money market instruments. 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.
Fair Value, Cash Instruments, Measurement Inputs, Disclosure	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. Level 3 Assets and Range of Significant $ in millions March 2020 December 2019 Loans and securities backed by commercial real estate Level 3 assets $130 $191 Yield 4.3% to 22.0% ( 15.5 ) 2.7% to 21.7% ( 13.5 ) Recovery rate 7.0% to 88.0% ( 59.9 ) 11.4% to 81.1% ( 55.6 ) Duration (years) 1.0 to 6.0 (3.3 ) 0.3 to 6.6 (2.8 ) Loans and securities backed by residential real estate Level 3 assets $251 $231 Yield 1.4% to 9.2% ( 4.4 ) 1.2% to 12.0% ( 5.8 ) Cumulative loss rate 4.0% to 33.0% ( 16.0 ) 5.4% to 30.4% ( 16.3 ) Duration (years) 2.1 to 14.3 (8.3 ) 2.3 to 12.4 (5.7 ) Corporate debt instruments Level 3 assets $719 $692 Yield 2.3% to 46.8% ( 15.6 ) 0.1% to 20.4% ( 7.2 ) Recovery rate 0.0% to 70.0% ( 55.8 ) 0.0% to 69.7% ( 54.9 ) Duration (years) 1.3 to 5.6 (3.4 ) 1.7 to 16.6 (5.1 ) In the table above: • 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 would have resulted in a higher fair value measurement as of both March 2020 and December 2019. 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.
Cash Instruments, Level 3 Rollforward	The table below presents a summary of the changes in fair value for level 3 trading cash instruments. Three Months $ in millions 2020 2019 Total trading cash instrument assets Beginning balance $1,242 $1,689 Net realized gains/(losses) 34 25 Net unrealized gains/(losses) (159 ) (11 ) Purchases 353 111 Sales (268 ) (289 ) Settlements (153 ) (83 ) Transfers into level 3 342 341 Transfers out of level 3 (157 ) (193 ) Ending balance $1,234 $1,590 Total trading cash instrument liabilities Beginning balance $ (273 ) $ (49 ) Net realized gains/(losses) – – Net unrealized gains/(losses) 91 (63 ) Purchases 26 18 Sales (32 ) (52 ) Settlements (2 ) 8 Transfers into level 3 (13 ) (24 ) Transfers out of level 3 9 3 Ending balance $ (194 ) $ (159 ) 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 $ in millions 2020 2019 Loans and securities backed by commercial real estate Beginning balance $ 191 $ 332 Net realized gains/(losses) 9 7 Net unrealized gains/(losses) (22 ) (6 ) Purchases 14 12 Sales (6 ) (29 ) Settlements (50 ) (21 ) Transfers into level 3 7 89 Transfers out of level 3 (13 ) (13 ) Ending balance $ 130 $ 371 Loans and securities backed by residential real estate Beginning balance $ 231 $ 348 Net realized gains/(losses) 1 3 Net unrealized gains/(losses) 7 7 Purchases 80 18 Sales (23 ) (110 ) Settlements (13 ) (11 ) Transfers into level 3 61 22 Transfers out of level 3 (93 ) (14 ) Ending balance $ 251 $ 263 Corporate debt instruments Beginning balance $ 692 $ 912 Net realized gains/(losses) 22 13 Net unrealized gains/(losses) (132 ) (11 ) Purchases 238 60 Sales (214 ) (135 ) Settlements (80 ) (45 ) Transfers into level 3 242 151 Transfers out of level 3 (49 ) (156 ) Ending balance $ 719 $ 789 Other Beginning balance $ 128 $ 97 Net realized gains/(losses) 2 2 Net unrealized gains/(losses) (12 ) (1 ) Purchases 21 21 Sales (25 ) (15 ) Settlements (10 ) (6 ) Transfers into level 3 32 79 Transfers out of level 3 (2 ) (10 ) Ending balance $ 134 $ 167

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 2020 As of December 2019 $ in millions Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Not accounted for as hedges Exchange-traded $ 1,233 $ 1,815 $ 476 $ 856 OTC-cleared 16,091 13,947 9,958 8,618 Bilateral OTC 355,084 323,742 266,387 242,046 Total interest rates 372,408 339,504 276,821 251,520 OTC-cleared 1,937 1,735 6,551 6,929 Bilateral OTC 22,215 20,639 14,178 13,860 Total credit 24,152 22,374 20,729 20,789 Exchange-traded 78 27 35 10 OTC-cleared 1,114 1,229 411 391 Bilateral OTC 130,426 130,093 79,887 81,613 Total currencies 131,618 131,349 80,333 82,014 Exchange-traded 6,926 6,489 2,390 2,272 OTC-cleared 172 201 180 243 Bilateral OTC 18,434 23,466 8,568 13,034 Total commodities 25,532 30,156 11,138 15,549 Exchange-traded 33,169 35,127 13,499 16,976 Bilateral OTC 54,380 54,276 36,162 39,531 Total equities 87,549 89,403 49,661 56,507 Subtotal 641,259 612,786 438,682 426,379 Accounted for as hedges OTC-cleared 4 – – – Bilateral OTC 1,544 – 3,182 1 Total interest rates 1,548 – 3,182 1 OTC-cleared 272 23 16 57 Bilateral OTC 177 99 16 153 Total currencies 449 122 32 210 Subtotal 1,997 122 3,214 211 Total gross fair value $ 643,256 $ 612,908 $ 441,896 $ 426,590 Offset in the consolidated balance sheets Exchange-traded $ (35,739 ) $ (35,739 ) $ (14,159 ) $ (14,159 ) OTC-cleared (16,855 ) (16,855 ) (15,565 ) (15,565 ) Bilateral OTC (438,292 ) (438,292 ) (310,920 ) (310,920 ) Counterparty netting (490,886 ) (490,886 ) (340,644 ) (340,644 ) OTC-cleared (1,639 ) (49 ) (1,302 ) (526 ) Bilateral OTC (76,160 ) (59,934 ) (54,698 ) (41,618 ) Cash collateral netting (77,799 ) (59,983 ) (56,000 ) (42,144 ) Total amounts offset $(568,685 ) $(550,869 ) $(396,644 ) $(382,788 ) Included in the consolidated balance sheets Exchange-traded $ 5,667 $ 7,719 $ 2,241 $ 5,955 OTC-cleared 1,096 231 249 147 Bilateral OTC 67,808 54,089 42,762 37,700 Total $ 74,571 $ 62,039 $ 45,252 $ 43,802 Not offset in the consolidated balance sheets Cash collateral $ (1,447 ) $ (2,971 ) $ (604 ) $ (1,603 ) Securities collateral (18,357 ) (11,940 ) (14,196 ) (9,252 ) Total $ 54,767 $ 47,128 $ 30,452 $ 32,947 Notional Amounts as of $ in millions March 2020 December 2019 Not accounted for as hedges Exchange-traded $ 3,881,459 $ 4,757,300 OTC-cleared 21,309,964 13,440,376 Bilateral OTC 11,550,666 11,668,171 Total interest rates 36,742,089 29,865,847 OTC-cleared 536,609 396,342 Bilateral OTC 825,708 707,935 Total credit 1,362,317 1,104,277 Exchange-traded 4,822 4,566 OTC-cleared 167,487 134,060 Bilateral OTC 6,952,771 5,926,602 Total currencies 7,125,080 6,065,228 Exchange-traded 239,892 230,018 OTC-cleared 2,383 2,639 Bilateral OTC 241,849 243,228 Total commodities 484,124 475,885 Exchange-traded 1,071,077 910,099 Bilateral OTC 1,075,007 1,182,335 Total equities 2,146,084 2,092,434 Subtotal 47,859,694 39,603,671 Accounted for as hedges OTC-cleared 148,644 123,531 Bilateral OTC 6,741 9,714 Total interest rates 155,385 133,245 OTC-cleared 3,734 4,152 Bilateral OTC 8,882 9,247 Total currencies 12,616 13,399 Subtotal 168,001 146,644 Total notional amounts $48,027,695 $39,750,315 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 $17.15 billion as of March 2020 and $9.15 billion as of December 2019, and derivative liabilities of $20.35 billion as of March 2020 and $14.88 billion as of December 2019, 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. • During the first quarter of 2020, consistent with the rules of a clearing organization, the firm elected to consider its transactions with that clearing organization as settled each day. The impact of this change would have been a reduction in gross credit derivative assets of $3.97 billion and liabilities of $4.15 billion as of December 2019, and a corresponding decrease in counterparty and cash collateral netting, with no impact to the consolidated balance sheets.
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 March 2020 Assets Interest rates $ 18 $ 373,085 $ 853 $ 373,956 Credit – 19,560 4,592 24,152 Currencies – 131,624 443 132,067 Commodities – 24,784 748 25,532 Equities 13 85,247 2,289 87,549 Gross fair value 31 634,300 8,925 643,256 Counterparty netting in levels – (488,529 ) (1,544 ) (490,073 ) Subtotal $ 31 $ 145,771 $ 7,381 $ 153,183 Cross-level counterparty netting (813 ) Cash collateral netting (77,799 ) Net fair value $ 74,571 Liabilities Interest rates $(32 ) $(338,885 ) $ (587 ) $(339,504 ) Credit – (20,300 ) (2,074 ) (22,374 ) Currencies – (131,089 ) (382 ) (131,471 ) Commodities – (29,796 ) (360 ) (30,156 ) Equities (17 ) (85,524 ) (3,862 ) (89,403 ) Gross fair value (49 ) (605,594 ) (7,265 ) (612,908 ) Counterparty netting in levels – 488,529 1,544 490,073 Subtotal $(49 ) $(117,065 ) $(5,721 ) $(122,835 ) Cross-level counterparty netting 813 Cash collateral netting 59,983 Net fair value $ (62,039 ) As of December 2019 Assets Interest rates $ $ $ $ Credit – 17,204 3,525 20,729 Currencies – 80,178 187 80,365 Commodities – 10,648 490 11,138 Equities 21 48,953 687 49,661 Gross fair value 24 436,426 5,446 441,896 Counterparty netting in levels – (340,325 ) (792 ) (341,117 ) Subtotal $ $ $ $ Cross-level counterparty netting 473 Cash collateral netting (56,000 ) Net fair value $ Liabilities Interest rates $ ) $ ) $ ) $ ) Credit – (19,141 ) (1,648 ) (20,789 ) Currencies – (81,826 ) (398 ) (82,224 ) Commodities – (15,306 ) (243 ) (15,549 ) Equities (26 ) (53,817 ) (2,664 ) (56,507 ) Gross fair value (29 ) (421,140 ) (5,421 ) (426,590 ) Counterparty netting in levels – 340,325 792 341,117 Subtotal $ ) $ ) $ ) $ ) Cross-level counterparty netting (473 ) Cash collateral netting 42,144 Net fair value $ )
Fair Value, Derivatives, Measurement Inputs, Disclosure	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. Level 3 Assets (Liabilities) and Range of Significant $ in millions, except inputs March 2020 December 2019 Interest rates, net $266 $89 Correlation (42)% to 81% (52%/62%) (42)% to 81% (52%/60%) Volatility (bps) 31 to 150 (70/61) 31 to 150 (70/61) Credit, net $2,518 $1,877 Credit spreads (bps) 2 to 872 (154/95) 1 to 559 (96/53) Upfront credit points 1 to 95 (32/25) 2 to 90 (38/32) Recovery rates 1% to 70% (35%/38%) 10% to 60% (31%/25%) Currencies, net $61 $(211) Correlation 20% to 70% (39%/41%) 20% to 70% (37%/36%) Commodities, net $388 $247 Volatility 15% to 187% (45%/42%) 9% to 57% (26%/25%) Natural gas spread $(1.31) to $1.50 ($(0.15)/$(0.09)) $(1.93) to $1.69 ($(0.16)/$(0.17)) Oil spread $(4.71) to $18.31 ($3.92/$1.26) $(4.86) to $19.77 ($9.82/$11.15) Equities, net $(1,573) $(1,977) Correlation (70)% to 99% (53%/62%) (70)% to 99% (42%/45%) Volatility 2% to 129% (27%/20%) 2% to 72% (14%/7%)
Fair Value of Derivatives, Level 3 Rollforward	The table below presents a summary of the changes in fair value for level 3 derivatives. Three Months Ended March $ in millions 2020 2019 Total level 3 derivatives, net Beginning balance $ 25 $ 590 Net realized gains/(losses) 137 49 Net unrealized gains/(losses) 2,305 (91 ) Purchases 223 110 Sales (413 ) (1,574 ) Settlements 41 384 Transfers into level 3 (801 ) (34 ) Transfers out of level 3 143 (122 ) Ending balance $1,660 $ (688 ) The table below presents information, by product type, for derivatives included in the summary table above. Three Months Ended March $ in millions 2020 2019 Interest rates, net Beginning balance $ 89 $ (109 ) Net realized gains/(losses) 7 – Net unrealized gains/(losses) 132 111 Purchases 1 2 Sales (13 ) (4 ) Settlements 37 (17 ) Transfers into level 3 11 (11 ) Transfers out of level 3 2 9 Ending balance $ 266 $ (19 ) Credit, net Beginning balance $ 1,877 $ 1,672 Net realized gains/(losses) (20 ) 8 Net unrealized gains/(losses) 652 80 Purchases 53 42 Sales (27 ) (28 ) Settlements (55 ) (32 ) Transfers into level 3 11 55 Transfers out of level 3 27 77 Ending balance $ 2,518 $ 1,874 Currencies, net Beginning balance $ (211 ) $ 461 Net realized gains/(losses) (6 ) (12 ) Net unrealized gains/(losses) 185 (131 ) Purchases – 2 Sales (11 ) (16 ) Settlements 111 29 Transfers into level 3 (4 ) (1 ) Transfers out of level 3 (3 ) (303 ) Ending balance $ 61 $ 29 Commodities, net Beginning balance $ 247 $ 112 Net realized gains/(losses) 17 18 Net unrealized gains/(losses) 197 15 Purchases 22 3 Sales (69 ) (6 ) Settlements (7 ) (12 ) Transfers into level 3 (11 ) (8 ) Transfers out of level 3 (8 ) 23 Ending balance $ 388 $ 145 Equities, net Beginning balance $(1,977 ) $(1,546 ) Net realized gains/(losses) 139 35 Net unrealized gains/(losses) 1,139 (166 ) Purchases 147 61 Sales (293 ) (1,520 ) Settlements (45 ) 416 Transfers into level 3 (808 ) (69 ) Transfers out of level 3 125 72 Ending balance $(1,573 ) $(2,717 )
OTC Derivatives by Product Type and Tenor	The table below presents OTC derivative assets and liabilities by tenor and major product type. $ in millions Less than 1 Year 1 - 5 Years Greater than 5 Years Total As of March 2020 Assets Interest rates $ 9,971 $21,382 $70,611 $101,964 Credit 1,776 4,342 4,306 10,424 Currencies 21,673 6,428 8,945 37,046 Commodities 6,741 2,486 512 9,739 Equities 11,562 7,238 3,169 21,969 Counterparty netting in tenors (4,734 ) (5,006 ) (3,722 ) (13,462 ) Subtotal $46,989 $36,870 $83,821 $167,680 Cross-tenor (20,977 ) Cash collateral netting (77,799 ) Total OTC derivative assets $ 68,904 Liabilities Interest rates $ 8,157 $12,908 $45,859 $ 66,924 Credit 1,817 4,433 2,399 8,649 Currencies 17,701 11,104 7,700 36,505 Commodities 7,790 2,711 4,299 14,800 Equities 9,567 7,999 4,298 21,864 Counterparty netting in tenors (4,734 ) (5,006 ) (3,722 ) (13,462 ) Subtotal $40,298 $34,149 $60,833 $135,280 Cross-tenor counterparty netting (20,977 ) Cash collateral netting (59,983 ) Total OTC derivative liabilities $ 54,320 As of December 2019 Assets Interest rates $ 5,521 $15,183 $57,394 $ 78,098 Credit 678 3,259 3,183 7,120 Currencies 10,236 5,063 6,245 21,544 Commodities 2,507 1,212 302 4,021 Equities 7,332 4,509 1,294 13,135 Counterparty netting in tenors (3,263 ) (3,673 ) (2,332 ) (9,268 ) Subtotal $23,011 $25,553 $66,086 $114,650 Cross-tenor counterparty netting (15,639 ) Cash collateral netting (56,000 ) Total OTC derivative assets $ 43,011 Liabilities Interest rates $ 3,654 $ 9,113 $36,470 $ 49,237 Credit 1,368 4,052 1,760 7,180 Currencies 12,486 6,906 4,036 23,428 Commodities 2,796 1,950 3,804 8,550 Equities 5,755 7,381 3,367 16,503 Counterparty netting in tenors (3,263 ) (3,673 ) (2,332 ) (9,268 ) Subtotal $22,796 $25,729 $47,105 $ 95,630 Cross-tenor counterparty netting (15,639 ) Cash collateral netting (42,144 ) Total OTC derivative liabilities $ 37,847
Credit Derivatives	The table below presents information about credit derivatives. Credit Spread on Underlier (basis points) $ in millions 0 - 250 251 - 500 501 - 1,000 Greater than 1,000 Total As of March 2020 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $167,856 $ 3,283 $17,312 $ 4,882 $193,333 1 – 5 years 303,456 25,507 16,341 17,346 362,650 Greater than 5 years 91,017 5,570 3,038 1,509 101,134 Total $562,329 $34,360 $36,691 $23,737 $657,117 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $476,787 $29,983 $24,949 $21,639 $553,358 Other $127,244 $ 6,841 $12,957 $ 4,801 $151,843 Fair Value of Written Credit Derivatives Asset $ 3,833 $ 246 $ 30 $ 51 $ 4,160 Liability 4,333 1,939 3,304 8,237 17,813 Net asset/(liability) $ ) $ ) $ ) $ ) $ ) As of December 2019 Maximum Payout/Notional Amount of Written Credit Derivatives by Tenor Less than 1 year $143,566 $ 7,155 $ 759 $ 2,953 $154,433 1 – 5 years 292,444 10,125 5,482 8,735 316,786 Greater than 5 years 48,109 2,260 427 554 51,350 Total $484,119 $19,540 $ 6,668 $12,242 $522,569 Maximum Payout/Notional Amount of Purchased Credit Derivatives Offsetting $395,127 $14,492 $ 5,938 $10,543 $426,100 Other $149,092 $ 2,617 $ 1,599 $ 2,354 $155,662 Fair Value of Written Credit Derivatives Asset $ 13,103 $ 446 $ 160 $ 202 $ 13,911 Liability 1,239 448 372 3,490 5,549 Net asset/(liability) $ 11,864 $ (2 ) $ (212 ) $ ) $ 8,362
Summary of information about CVA and FVA	The table below presents information about CVA and FVA. Three Months Ended March $ in millions 2020 2019 CVA, net of hedges $ 271 $(163 ) FVA, net of hedges (759 ) 234 Total $(488 ) $ 71
Bifurcated Embedded Derivatives	The table below presents the fair value and the notional amount of derivatives that have been bifurcated from their related borrowings. As of $ in millions March 2020 December 2019 Fair value of assets $ 1,361 $ 1,148 Fair value of liabilities 1,715 1,717 Net liability $ 354 $ 569 Notional amount $11,280 $11,003
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- two-notch As of $ in millions March 2020 December 2019 Net derivative liabilities under bilateral agreements $49,450 $32,800 Collateral posted $42,925 $28,510 Additional collateral or termination payments: One-notch $ $ 358 Two-notch $ $ 1,268
Gain (Loss) from Interest Rate Hedges and Related Hedged Borrowings and Deposits	The table below presents the gains/(losses) from interest rate derivatives accounted for as hedges and the related hedged borrowings and deposits, and total interest expense. Three Months Ended March $ in millions 2020 2019 Interest rate hedges $ 6,586 $ 1,256 Hedged borrowings and deposits $(6,679 ) $(1,351 ) Interest expense $ 3,437 $ 4,379
Summary of Carrying Amount of Hedged Items	The table below presents the carrying value of the hedged items designated in a 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 March 2020 Deposits $ 19,660 $ Unsecured short-term borrowings $ 7,171 $ Unsecured long-term borrowings $103,057 $12,527 As of December 2019 Deposits $ 19,634 $ 200 Unsecured short-term borrowings $ 6,008 $ 28 Unsecured long-term borrowings $ 87,874 $ 7,292 The table below presents the gains/(losses) from net investment hedging. Three Months Ended March $ in millions 2020 2019 Hedges: Foreign currency forward contract $756 $14 Foreign currency-denominated debt $ ) $31

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value of Investments by Accounting Type	The table below presents information about investments. As of $ in millions March 2020 December 2019 Equity securities, at fair value $21,221 $22,163 Debt instruments, at fair value 23,145 16,570 Available-for-sale 18,289 19,094 Investments, at fair value 62,655 57,827 Held-to-maturity 5,756 5,825 Equity method investments 283 285 Total investments $68,694 $63,937
Disclosure Of Equity Securities At Fair Value	The table below presents information about equity securities, at fair value. As of $ in millions March 2020 December 2019 Equity securities, at fair value $21,221 $22,163 Equity Type Public equity 10% 11% Private equity 90% 89% Total 100% 100% Asset Class Corporate 77% 79% Real estate 23% 21% Total 100% 100% Region Americas 46% 50% EMEA 19% 17% Asia 35% 33% Total 100% 100%
Disclosure Of Debt Securities At Fair Value	The table below presents information about debt instruments, at fair value. As of $ in millions March 2020 December 2019 Corporate debt securities $ 9,923 $10,838 Securities backed by real estate 2,560 2,619 Money market instruments 9,332 1,681 Other 1,330 1,432 Total $23,145 $16,570
Investments in Funds that are Calculated Using Net Asset Value Per Share	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 March 2020 Private equity funds $2,285 $ Credit funds 840 730 Hedge funds 106 – Real estate funds 314 194 Total $3,545 $1,677 As of December 2019 Private equity funds $2,767 $ 765 Credit funds 983 820 Hedge funds 125 – Real estate funds 331 196 Total $4,206 $1,781
Summary of Securities Accounted for Available-for-Sale	The table below presents information about available-for-sale $ in millions Amortized Cost Fair Value Weighted Average Yield As of March 2020 Less than 5 years $14,038 $14,472 1.53% Greater than 5 years 3,505 3,817 1.85% Total $17,543 $18,289 1.59% As of December 2019 Less than 5 years $14,063 $14,041 1.53% Greater than 5 years 4,974 5,053 2.10% Total $19,037 $19,094 1.68% In the table above: • Available-for-sale • The firm sold available-for-sale • The gross unrealized gains included in accumulated other comprehensive income/(loss) were $746 million as of March 2020 and $137 million as of December 2019. The gross unrealized losses included in accumulated other comprehensive income/(loss) were not material as of December 2019. • Beginning in January 2020, available-for-sale about
Debt Securities, Held-to-maturity	The table below presents information about held-to-maturity $ in millions Amortized Cost Fair Value Weighted Average Yield As of March 2020 Less than 5 years $3,531 $3,751 2.40% Greater than 5 years 1,524 1,680 2.25% Total U.S. government obligations 5,055 5,431 2.35% Less than 5 years 5 5 3.91% Greater than 5 years 696 688 1.62% Total securities backed by real estate 701 693 1.64% Total held-to-maturity $5,756 $6,124 2.27% As of December 2019 Less than 5 years $3,534 $3,613 2.40% Greater than 5 years 1,534 1,576 2.25% Total U.S. government obligations 5,068 5,189 2.35% Less than 5 years 6 6 4.16% Greater than 5 years 751 769 1.67% Total securities backed by real estate 757 775 1.69% Total held-to-maturity $5,825 $5,964 2.27%
Fair Value, Investments, Measurement Inputs, Disclosure	The table below presents a summary of level 3 financial assets. As of $ in millions March 2020 December 2019 Trading assets: Trading cash instruments $ $ 1,242 Derivatives 7,381 4,654 Investments 19,408 15,282 Loans 2,753 1,890 Total $ $ 23,068
Investments, Level 3 Rollforward	The table below presents a summary of the changes in fair value for level 3 loans. Three Months Ended March $ in millions 2020 2019 Beginning balance $1,890 $1,990 Net realized gains/(losses) 27 26 Net unrealized gains/(losses) (54 ) 1 Purchases 473 44 Sales (12 ) (3 ) Settlements (221 ) (124 ) Transfers into level 3 653 170 Transfers out of level 3 (3 ) (35 ) Ending balance $2,753 $2,069 The table below presents information, by loan type, for loans included in the summary table above. Three Months Ended March $ in millions 2020 2019 Corporate Beginning balance $ $659 Net realized gains/(losses) 10 2 Net unrealized gains/(losses) (11 ) (14 ) Purchases 156 34 Sales (7 ) – Settlements (40 ) (4 ) Transfers into level 3 187 81 Transfers out of level 3 (3 ) (32 ) Ending balance $1,044 $726 Commercial real estate Beginning balance $ $677 Net realized gains/(losses) 17 7 Net unrealized gains/(losses) 7 7 Purchases 236 1 Sales (5 ) (2 ) Settlements (115 ) (47 ) Transfers into level 3 332 – Transfers out of level 3 – (3 ) Ending balance $1,063 $640 Residential real estate Beginning balance $ $290 Net realized gains/(losses) – 8 Net unrealized gains/(losses) (17 ) (2 ) Purchases 42 9 Sales – (1 ) Settlements (27 ) (30 ) Transfers into level 3 41 – Ending balance $ $274 Wealth management and other Beginning balance $ $364 Net realized gains/(losses) – 9 Net unrealized gains/(losses) (33 ) 10 Purchases 39 – Settlements (39 ) (43 ) Transfers into level 3 93 89 Ending balance $ $429
Investments [Member]
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 March 2020 Government and agency obligations: U.S. $18,289 $ – $ – $18,289 Non-U.S. – 23 – 23 Corporate debt securities 54 2,720 7,149 9,923 Securities backed by real estate – 1,785 775 2,560 Money market instruments 29 9,303 – 9,332 Other debt obligations – 39 428 467 Equity securities 236 7,224 11,056 18,516 Subtotal $18,608 $21,094 $19,408 $59,110 Investments in funds at NAV 3,545 Total investments $62,655 As of December 2019 Government and agency obligations: U.S. $19,094 $ $ $19,094 Non-U.S. – 36 – 36 Corporate debt securities 48 7,325 3,465 10,838 Securities backed by real estate – 2,024 595 2,619 Money market instruments 732 949 – 1,681 Other debt obligations – 94 319 413 Equity securities 251 7,786 10,903 18,940 Subtotal $20,125 $18,214 $15,282 $53,621 Investments in funds at NAV 4,206 Total investments $57,827
Fair Value, Investments, Measurement Inputs, Disclosure	The table below presents the amount of level 3 investments, and ranges and weighted averages of significant unobservable inputs used to value such investments. Level 3 Assets and Range of Significant Unobservable Inputs (Weighted Average) as of $ in millions March 2020 December 2019 Corporate debt securities Level 3 assets $7,149 $3,465 Yield 4.6% to 25.2% ( 11.8 ) 5.5% to 29.8% ( 12.0 ) Recovery rate 40.0% to 100.0% ( 65.8 ) 25.0% to 100.0% ( 68.5 ) Duration (years) 1.5 to 8.0 (4.0 ) 2.9 to 5.9 (5.0 ) Multiples 0.6x to 39.7x (7.4x ) 0.6x to 24.4x (7.0x ) Securities backed by real estate Level 3 assets $775 $595 Yield 10.0% to 20.3% ( 15.8 ) 9.4% to 20.3% ( 16.0 ) Recovery rate 25.0% to 35.0% ( 33.5 ) 33.1% to 34.4% ( 33.5 ) Duration (years) 0.4 to 3.7 (2.3 ) 0.4 to 3.0 (0.9 ) Other debt obligations Level 3 assets $428 $319 Yield 3.2% to 6.0% ( 4.2 ) 3.4% to 5.2% ( 4.5 ) Duration (years) 3.7 to 9.8 (6.8 ) 4.0 to 8.0 (6.7 ) Equity securities Level 3 assets $11,056 $10,903 Multiples 0.5x to 23.8x (8.0x ) 0.8x to 36.0x (8.0x ) Discount rate/yield 4.9% to 20.3% ( 14.0 ) 2.1% to 20.3% ( 13.4 ) Capitalization rate 3.7% to 16.0% ( 5.9 ) 3.6% to 15.1% ( 6.1 ) 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 March 2020 and December 2019. 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.
Investments, Level 3 Rollforward	The table below presents a summary of the changes in fair value for level 3 investments. Three Months Ended March $ in millions 2020 2019 Beginning balance $15,282 $13,548 Net realized gains/(losses) 75 35 Net unrealized gains/(losses) (1,284 ) 239 Purchases 348 217 Sales (197 ) (37 ) Settlements (325 ) (232 ) Transfers into level 3 6,480 967 Transfers out of level 3 (971 ) (461 ) Ending balance $19,408 $14,276 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 Ended March $ in millions 2020 2019 Corporate debt securities Beginning balance $ 3,465 $ 2,540 Net realized gains/(losses) 50 11 Net unrealized gains/(losses) (465 ) 50 Purchases 69 86 Sales (174 ) – Settlements (166 ) (42 ) Transfers into level 3 4,394 260 Transfers out of level 3 (24 ) (214 ) Ending balance $ 7,149 $ 2,691 Securities backed by real estate Beginning balance $ $ 457 Net realized gains/(losses) 6 2 Net unrealized gains/(losses) (72 ) 7 Purchases 52 – Settlements (12 ) (33 ) Transfers into level 3 206 – Transfers out of level 3 – (22 ) Ending balance $ $ 411 Equity securities Beginning balance $10,903 $10,335 Net realized gains/(losses) 17 22 Net unrealized gains/(losses) (766 ) 182 Purchases 227 112 Sales (23 ) (36 ) Settlements (145 ) (157 ) Transfers into level 3 1,790 707 Transfers out of level 3 (947 ) (225 ) Ending balance $11,056 $10,940 Other debt obligations Beginning balance $ $ 216 Net realized gains/(losses) 2 – Net unrealized gains/(losses) 19 – Purchases – 19 Sales – (1 ) Settlements (2 ) – Transfers into level 3 90 – Ending balance $ $ 234

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2020
Summary of Loans	The table below presents information about loans. $ in millions Amortized Cost Fair Value Held For Sale Total As of March 2020 Loan Type Corporate $ 63,697 $ 2,915 $1,918 $ 68,530 Wealth management 21,183 7,834 – 29,017 Commercial real estate 14,165 2,005 660 16,830 Residential real estate 3,911 474 28 4,413 Consumer: Installment 4,826 – – 4,826 Credit cards 2,081 – – 2,081 Other 4,472 601 551 5,624 Total loans, gross 114,335 13,829 3,157 131,321 Allowance for loan losses (2,868 ) – – (2,868 ) Total loans $111,467 $13,829 $3,157 $128,453 As of December 2019 Loan Type Corporate $ 41,129 $ 3,224 $1,954 $ 46,307 Wealth management 20,116 7,824 – 27,940 Commercial real estate 13,258 1,876 2,609 17,743 Residential real estate 6,132 792 34 6,958 Consumer: Installment 4,747 – – 4,747 Credit cards 1,858 – – 1,858 Other 3,396 670 726 4,792 Total loans, gross 90,636 14,386 5,323 110,345 Allowance for loan losses (1,441 ) – – (1,441 ) Total loans $ 89,195 $14,386 $5,323 $108,904
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/ Unrated Total As of March 2020 Accounting Method Amortized cost $40,637 $64,397 $ 9,301 $114,335 Fair value 2,386 4,640 6,803 13,829 Held for sale 257 2,044 856 3,157 Total $43,280 $71,081 $16,960 $131,321 Loan Type Corporate $18,972 $49,050 $ $ 68,530 Wealth management 20,393 4,275 4,349 29,017 Real estate: Commercial 478 14,179 2,173 16,830 Residential 259 2,875 1,279 4,413 Consumer: Installment – – 4,826 4,826 Credit cards – – 2,081 2,081 Other 3,178 702 1,744 5,624 Total $43,280 $71,081 $16,960 $131,321 Secured 67% 90% 54% 78% Unsecured 33% 10% 46% 22% Total 100% 100% 100% 100% As of December 2019 Accounting Method Amortized cost $30,266 $51,222 $ 9,148 $ 90,636 Fair value 2,844 5,174 6,368 14,386 Held for sale 323 4,368 632 5,323 Total $33,433 $60,764 $16,148 $110,345 Loan Type Corporate $10,507 $35,509 $ 291 $ 46,307 Wealth management 20,001 3,576 4,363 27,940 Real estate: Commercial 306 15,997 1,440 17,743 Residential 244 4,600 2,114 6,958 Consumer: Installment – – 4,747 4,747 Credit cards – – 1,858 1,858 Other 2,375 1,082 1,335 4,792 Total $33,433 $60,764 $16,148 $110,345 Secured 83% 91% 54% 83% Unsecured 17% 9% 46% 17% Total 100% 100% 100% 100%
Summary of Consumer Loans by Refreshed FICO Credit Score	The table below presents gross installment and credit card loans and the concentration by refreshed FICO credit score. As of $ in millions March 2020 December 2019 Installment, gross $4,826 $4,747 Credit cards, gross 2,081 1,858 Total $6,907 $6,605 Refreshed FICO credit score Greater than or equal to 660 82% 85% Less than 660 18% 15% Total 100% 100%
Schedule of Credit Quality Indicators for Term Loans by Origination Year	The table below presents gross loans accounted for at amortized cost (excluding originated installment and credit card loans) by an internally determined public rating agency equivalent or other credit metrics and by origination year for term loans. As of March 2020 $ in millions Investment- Grade Non-Investment- Grade Other/ Unrated Total 2020 $ 1,151 $ 2,522 $ – $ 3,673 2019 1,648 8,081 18 9,747 2018 2,383 4,277 – 6,660 2017 883 3,977 – 4,860 2016 165 1,626 – 1,791 2015 or earlier 435 2,648 – 3,083 Revolving 11,617 22,240 26 33,883 Corporate $18,282 $45,371 $ $ 63,697 2020 $ $ $ – $ 2019 532 398 – 930 2018 393 90 – 483 2017 400 75 – 475 2016 30 65 – 95 2015 or earlier 540 208 – 748 Revolving 16,663 1,557 15 18,235 Wealth management $18,730 $ 2,438 $ $ 21,183 2020 $ – $ $ $ 2019 57 1,870 27 1,954 2018 195 2,484 19 2,698 2017 18 1,718 25 1,761 2016 – 180 12 192 2015 or earlier – 589 691 1,280 Revolving – 5,584 – 5,584 Commercial real estate $ $13,057 $ $ 14,165 2020 $ – $ $ $ 2019 – 707 251 958 2018 – 169 316 485 2017 179 95 169 443 2016 – 524 – 524 2015 or earlier – – 70 70 Revolving 79 1,242 – 1,321 Residential real estate $ $ 2,829 $ $ 3,911 2020 $ – $ $ $ 2019 – 45 57 102 2018 – 53 13 66 2017 – 19 5 24 2016 – 1 – 1 Revolving 3,097 562 118 3,777 Other $ 3,097 $ $ $ 4,472 Total $40,637 $64,397 $2,394 $107,428 The table below presents gross originated installment loans by origination year and credit card revolving loans. $ in millions As of March 2020 2020 $ 2019 2,043 2018 1,686 2017 355 2016 19 Revolving 2,081 Total $6,907
Summary of Past Due Loans	The table below presents information about past due loans. $ in millions 30-89 90 days or more Total As of March 2020 Corporate $ $172 $ Wealth management 20 16 36 Commercial real estate 127 91 218 Residential real estate 11 23 34 Consumer: Installment 65 23 88 Credit cards 35 39 74 Other 11 1 12 Total $ $ $ Past due loans divided by gross loans at amortized cost 0.6% As of December 2019 Corporate $197 $ 42 $239 Wealth management 13 15 28 Commercial real estate 54 123 177 Residential real estate 19 18 37 Consumer: Installment 71 29 100 Credit cards 35 4 39 Other 6 1 7 Total $395 $232 $627 Past due loans divided by gross loans at amortized cost 0.7%
Summary of Nonaccrual Loans	The table below presents information about nonaccrual loans. As of $ in millions March 2020 December 2019 Corporate $1,622 $1,122 Wealth management 53 52 Commercial real estate 155 175 Residential real estate 156 143 Installment 35 38 Total $2,021 $1,530 Nonaccrual loans divided by gross loans at amortized cost 1.8% 1.7%
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 March 2020 December 2019 $ in millions Loans Lending Commitments Loans Lending Commitments Wholesale Corporate $ 63,697 $107,403 $41,129 $127,226 Wealth management 21,183 2,441 20,116 2,198 Commercial real estate 14,165 2,886 12,803 3,207 Residential real estate 3,911 1,293 4,965 759 Other 4,472 3,021 3,396 3,029 Consumer Installment 4,826 10 4,747 12 Credit cards 2,081 16,447 1,858 13,669 PCI – – 1,622 – Total $114,335 $133,501 $90,636 $150,100
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 PCI Total Three Months Ended March 2020 Allowance for loan losses Beginning balance, reported $ $ $ 169 $1,441 Impact of CECL adoption 452 444 (169 ) 727 Beginning balance, adjusted 1,331 837 – 2,168 Net charge-offs (50 ) (81 ) – (131 ) Provision 746 169 – 915 Other (84 ) – – (84 ) Ending balance $1,943 $ $ $2,868 Allowance for losses on lending commitments Beginning balance, reported $ $ $ $ Impact of CECL adoption (48 ) – – (48 ) Beginning balance, adjusted 313 – – 313 Provision 22 – – 22 Ending balance $ $ $ $ Year Ended December 2019 Allowance for loan losses Beginning balance $ 658 $ 292 $ $1,066 Net charge-offs (121 ) (317 ) (52 ) (490 ) Provision 469 418 103 990 Other (127 ) – 2 (125 ) Ending balance $ 879 $ 393 $ $1,441 Allowance for losses on lending commitments Beginning balance $ 286 $ $ $ 286 Provision 75 – – 75 Ending balance $ 361 $ $ $ 361
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 March 2020 Loan Type Corporate $ – $ 1,871 $1,044 $ 2,915 Wealth management – 7,773 61 7,834 Commercial real estate – 942 1,063 2,005 Residential real estate – 214 260 474 Other – 276 325 601 Total $ – $11,076 $2,753 $13,829 As of December 2019 Loan Type Corporate $ – $ 2,472 $ 752 $ 3,224 Wealth management – 7,764 60 7,824 Commercial real estate – 1,285 591 1,876 Residential real estate – 571 221 792 Other – 404 266 670 Total $ – $12,496 $1,890 $14,386
Fair value, loans receivable, measurement inputs, disclosure	The table below presents the amount of level 3 loans, and ranges and weighted averages of significant unobservable inputs used to value such loans. Level 3 Assets and Range of Significant Unobservable $ in millions March 2020 December 2019 Corporate Level 3 assets $1,044 $752 Yield 3.1% to 26.3% ( 12.5 1.9% to 26.3% ( 9.5 Recovery rate 15.1% to 85.4% ( 40.6 13.5% to 78.0% ( 44.4 Duration (years) 1.7 to 4.3 (3.2) 3.7 to 5.8 (3.9) Commercial real estate Level 3 assets $1,063 $591 Yield 7.0% to 26.3% ( 11.2 7.0% to 16.0% (9.3 Recovery rate 6.7% to 65.0% ( 29.5 5.9% to 85.2% ( 48.6 Duration (years) 0.3 to 5.9 (3.3) 0.2 to 5.3 (3.5) Residential real estate Level 3 assets $260 $221 Yield 1.6% to 14.0% ( 11.9 1.1% to 14.0% ( 11.5 Duration (years) 1.0 to 5.2 (3.8) 1.1 to 4.8 (4.0) Wealth management and other Level 3 assets $386 $326 Yield 2.7% to 11.5% ( 9.6 3.9% to 16.0% ( 9.9 Duration (years) 1.5 to 5.1 (3.2) 1.6 to 6.7 (3.7)
Reconciliation 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 Ended March $ in millions 2020 2019 Beginning balance $1,890 $1,990 Net realized gains/(losses) 27 26 Net unrealized gains/(losses) (54 ) 1 Purchases 473 44 Sales (12 ) (3 ) Settlements (221 ) (124 ) Transfers into level 3 653 170 Transfers out of level 3 (3 ) (35 ) Ending balance $2,753 $2,069 The table below presents information, by loan type, for loans included in the summary table above. Three Months Ended March $ in millions 2020 2019 Corporate Beginning balance $ $659 Net realized gains/(losses) 10 2 Net unrealized gains/(losses) (11 ) (14 ) Purchases 156 34 Sales (7 ) – Settlements (40 ) (4 ) Transfers into level 3 187 81 Transfers out of level 3 (3 ) (32 ) Ending balance $1,044 $726 Commercial real estate Beginning balance $ $677 Net realized gains/(losses) 17 7 Net unrealized gains/(losses) 7 7 Purchases 236 1 Sales (5 ) (2 ) Settlements (115 ) (47 ) Transfers into level 3 332 – Transfers out of level 3 – (3 ) Ending balance $1,063 $640 Residential real estate Beginning balance $ $290 Net realized gains/(losses) – 8 Net unrealized gains/(losses) (17 ) (2 ) Purchases 42 9 Sales – (1 ) Settlements (27 ) (30 ) Transfers into level 3 41 – Ending balance $ $274 Wealth management and other Beginning balance $ $364 Net realized gains/(losses) – 9 Net unrealized gains/(losses) (33 ) 10 Purchases 39 – Settlements (39 ) (43 ) Transfers into level 3 93 89 Ending balance $ $429
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. $ in millions Carrying Value Estimated Fair Value Level 2 Level 3 Total As of March 2020 Amortized cost $111,467 $54,658 $53,979 $108,637 Held for sale $ 3,157 $ 1,646 $ 1,564 $ 3,210 As of December 2019 Amortized cost $ 89,195 $52,091 $37,095 $ 89,186 Held for sale $ 5,323 $ 4,157 $ 1,252 $ 5,409
Geographic Concentration Risk [Member]
Summary of detailed information about concentration of our loans by region of borrowers	The table below presents the concentration of gross loans by region. $ in millions Carrying Value Americas EMEA Asia Total As of March 2020 Corporate $ 68,530 67% 26% 7% 100% Wealth management 29,017 88% 9% 3% 100% Commercial real estate 16,830 69% 21% 10% 100% Residential real estate 4,413 87% 11% 2% 100% Consumer: Installment 4,826 100% – – 100% Credit cards 2,081 100% – – 100% Other 5,624 87% 12% 1% 100% Total $131,321 75% 19% 6% 100% As of December 2019 Corporate $ 46,307 60% 31% 9% 100% Wealth management 27,940 88% 9% 3% 100% Commercial real estate 17,743 69% 21% 10% 100% Residential real estate 6,958 90% 9% 1% 100% Consumer: Installment 4,747 100% – – 100% Credit cards 1,858 100% – – 100% Other 4,792 87% 12% 1% 100% Total $110,345 73% 21% 6% 100% The table below presents the firm’s credit exposure from originated installment and credit card loans and the concentration by the five most concentrated U.S. states. As of $ in millions March 2020 December 2019 Installment $4,826 $4,747 California 12% 12% Texas 9% 9% New York 7% 7% Florida 7% 7% Illinois 4% 4% Other 61% 61% Total 100% 100% Credit Cards $2,081 $1,858 California 20% 21% Texas 9% 9% New York 8% 8% Florida 8% 8% Illinois 4% 4% Other 51% 50% Total 100% 100%
Industry Concentration Risk [Member]
Summary of detailed information about concentration of our loans by region of borrowers	The table below presents the concentration of gross corporate loans by industry. As of $ in millions March 2020 December 2019 Corporate, gross $68,530 $46,307 Industry Consumer, Retail & Healthcare 17% 15% Diversified Industrials 22% 17% Financial Institutions 9% 10% Funds 6% 9% Natural Resources & Utilities 11% 12% Real Estate 8% 7% Technology, Media & Telecommunications 18% 17% Other (including Special Purpose Vehicles) 9% 13% Total 100% 100%

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 2020 Assets Resale agreements $ – $ 132,333 $ – $ 132,333 Securities borrowed – 29,771 – 29,771 Customer and other receivables – 53 – 53 Total $ – $ 162,157 $ – $ 162,157 Liabilities Deposits $ – $ (20,726 ) $ (3,996 ) $ (24,722 ) Repurchase agreements – (95,852 ) (12 ) (95,864 ) Securities loaned – (1,148 ) – (1,148 ) Other secured financings – (28,761 ) (1,230 ) (29,991 ) Unsecured borrowings: Short-term – (13,572 ) (5,411 ) (18,983 ) Long-term – (32,637 ) (10,676 ) (43,313 ) Other liabilities – (2 ) (325 ) (327 ) Total $ – $(192,698 ) $(21,650 ) $(214,348 ) As of December 2019 Assets Resale agreements $ – $ $ $ Securities borrowed – 26,279 – 26,279 Customer and other receivables – 53 – 53 Total $ – $ $ $ Liabilities Deposits $ – $ ) $ ) $ ) Repurchase agreements – (117,726 ) (30 ) (117,756 ) Securities loaned – (714 ) – (714 ) Other secured financings – (17,685 ) (386 ) (18,071 ) Unsecured borrowings: Short-term – (20,300 ) (5,707 ) (26,007 ) Long-term – (32,920 ) (10,741 ) (43,661 ) Other liabilities – (1 ) (149 ) (150 ) Total $ – $ ) $ ) $ )
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 Ended March $ in millions 2020 2019 Beginning balance $(21,036 ) $(19,397 ) Net realized gains/(losses) (130 ) (79 ) Net unrealized gains/(losses) 3,160 (1,494 ) Issuances (7,643 ) (3,036 ) Settlements 5,157 3,307 Transfers into level 3 (1,596 ) (571 ) Transfers out of level 3 438 351 Ending balance $(21,650 ) $(20,919 ) The table below presents information, by the consolidated balance sheet line items, for liabilities included in the summary table above. Three Months Ended March $ in millions 2020 2019 Deposits Beginning balance $ (4,023 ) $ (3,168 ) Net realized gains/(losses) (11 ) (1 ) Net unrealized gains/(losses) 117 (142 ) Issuances (335 ) (197 ) Settlements 309 111 Transfers into level 3 (121 ) (16 ) Transfers out of level 3 68 62 Ending balance $ (3,996 ) $ (3,351 ) Repurchase agreements Beginning balance $ ) $ (29 ) Net unrealized gains/(losses) 3 (4 ) Settlements 15 4 Ending balance $ ) $ (29 ) Other secured financings Beginning balance $ ) $ (170 ) Net realized gains/(losses) (44 ) 11 Net unrealized gains/(losses) 107 (10 ) Issuances (14 ) (11 ) Settlements 92 8 Transfers into level 3 (985 ) (20 ) Ending balance $ (1,230 ) $ (192 ) Unsecured short-term borrowings Beginning balance $ (5,707 ) $ (4,076 ) Net realized gains/(losses) (11 ) 7 Net unrealized gains/(losses) 1,538 (425 ) Issuances (3,954 ) (2,155 ) Settlements 2,718 1,344 Transfers into level 3 (270 ) (338 ) Transfers out of level 3 275 130 Ending balance $ (5,411 ) $ (5,513 ) Unsecured long-term borrowings Beginning balance $(10,741 ) $(11,823 ) Net realized gains/(losses) (72 ) (103 ) Net unrealized gains/(losses) 1,571 (912 ) Issuances (3,332 ) (666 ) Settlements 2,023 1,840 Transfers into level 3 (220 ) (197 ) Transfers out of level 3 95 159 Ending balance $(10,676 ) $(11,702 ) Other liabilities Beginning balance $ ) $ (131 ) Net realized gains/(losses) 8 7 Net unrealized gains/(losses) (176 ) (1 ) Issuances (8 ) (7 ) Ending balance $ ) $ (132 )
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 Ended March $ in millions 2020 2019 Unsecured short-term borrowings $4,481 $(1,616 ) Unsecured long-term borrowings 992 (2,229 ) Other 398 (476 ) Total $5,871 $(4,321 )
Summary of DVA 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 Ended March $ in millions 2020 2019 DVA (pre-tax) $3,871 $(1,889 ) DVA (net of tax) $2,914 $(1,417 ) In the table above: • DVA (net of tax) is included in debt valuation adjustment in the consolidated statements of comprehensive income. • The gains/(losses) reclassified to earnings from accumulated other comprehensive income/(loss) upon extinguishment of such financial liabilities were not material for both the three months ended March 2020 and March 2019.
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 on the consolidated balance sheets) for which the fair value option was elected. As of $ in millions March 2020 December 2019 Performing loans Aggregate contractual principal in excess of fair value $ $ 809 Loans on nonaccrual status and/or more than 90 days past due Aggregate contractual principal in excess of fair value $8,591 $6,703 Aggregate fair value $3,472 $2,776

Collateralized Agreements and_2

Collateralized Agreements and Financings (Tables)	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Resale and Repurchase Agreements and Securities Borrowed and Loaned Transactions	The table below presents the carrying value of resale and repurchase agreements and securities borrowed and loaned transactions. As of $ in millions March 2020 December 2019 Resale agreements $132,333 $ 85,691 Securities borrowed $121,670 $136,071 Repurchase agreements $ 95,864 $117,756 Securities loaned $ 13,869 $ 14,985
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 March 2020 Included in the consolidated balance sheets Gross carrying value $ 199,157 $ 125,340 $ $ Counterparty netting (66,824 ) (3,670 ) (66,824 ) (3,670 ) Total 132,333 121,670 95,864 13,869 Amounts not offset Counterparty netting (7,393 ) (4,043 ) (7,393 ) (4,043 ) Collateral (121,885 ) (110,661 ) (87,681 ) (9,826 ) Total $ 3,055 $ 6,966 $ $ As of December 2019 Included in the consolidated balance sheets Gross carrying value $ $ $ 185,047 $ 19,591 Counterparty netting (67,291 ) (4,606 ) (67,291 ) (4,606 ) Total 85,691 136,071 117,756 14,985 Amounts not offset Counterparty netting (3,058 ) (2,211 ) (3,058 ) (2,211 ) Collateral (78,528 ) (127,901 ) (114,065 ) (12,614 ) Total $ $ $ 633 $ 160
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 Securities As of March 2020 Money market instruments $ $ U.S. government and agency obligations 81,270 – Non-U.S. 61,443 1,032 Securities backed by commercial real estate 60 – Securities backed by residential real estate 450 – Corporate debt securities 6,875 74 State and municipal obligations 222 – Other debt obligations 1,061 – Equity securities 10,588 16,433 Total $162,688 $17,539 As of December 2019 Money market instruments $ 158 $ U.S. government and agency obligations 112,903 – Non-U.S. 55,575 1,051 Securities backed by commercial real estate 210 – Securities backed by residential real estate 1,079 – Corporate debt securities 6,857 122 State and municipal obligations 242 – Other debt obligations 196 – Equity securities 7,827 18,418 Total $185,047 $19,591
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 March 2020 $ in millions Repurchase agreements Securities loaned No stated maturity and overnight $ 42,764 $13,522 2 - 30 days 68,223 – 31 - 90 days 29,421 972 91 days - 1 year 20,504 3,045 Greater than 1 year 1,776 – Total $162,688 $17,539
Other Secured Financings	The table below presents information about other secured financings. $ in millions U.S. Dollar Non-U.S. Total As of March 2020 Other secured financings (short-term): At fair value $13,248 $ 4,725 $17,973 At amortized cost 6,123 – 6,123 Other secured financings (long-term): At fair value 6,665 5,353 12,018 At amortized cost 396 686 1,082 Total other secured financings $26,432 $10,764 $37,196 Other secured financings collateralized by: Financial instruments $19,694 $ 8,629 $28,323 Other assets $ 6,738 $ 2,135 $ 8,873 As of December 2019 Other secured financings (short-term): At fair value $ 2,754 $ 4,441 $ 7,195 At amortized cost 129 – 129 Other secured financings (long-term): At fair value 7,402 3,474 10,876 At amortized cost 397 680 1,077 Total other secured financings $10,682 $ 8,595 $19,277 Other secured financings collateralized by: Financial instruments $ 4,826 $ 7,189 $12,015 Other assets $ 5,856 $ 1,406 $ 7,262
Other Secured Financings by Maturity Date	The table below presents other secured financings by maturity. $ in millions As of March 2020 Other secured financings (short-term) $24,096 Other secured financings (long-term): 2021 3,460 2022 2,589 2023 1,606 2024 1,490 2025 492 2026 - thereafter 3,463 Total other secured financings (long-term) 13,100 Total other secured financings $37,196
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 $ in millions March 2020 December 2019 Collateral available to be delivered or repledged $689,662 $661,490 Collateral that was delivered or repledged $557,726 $558,634
Financial Instruments Owned, at Fair Value and Other Assets Pledged as Collateral	The table below presents information about assets pledged. As of $ in millions March 2020 December 2019 Pledged to counterparties that had the right to deliver or repledge Trading assets $59,128 $ 66,605 Investments $10,765 $ 10,968 Pledged to counterparties that did not have the right to deliver or repledge Trading assets $92,201 $101,578 Investments $ 8,098 $ 849 Loans $34,933 $ 6,628 Other assets $14,573 $ 12,337

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	The table below presents other assets by type. As of $ in millions March 2020 December 2019 Property, leasehold improvements and equipment $23,620 $21,886 Goodwill and identifiable intangible assets 4,810 4,837 Operating lease right-of-use 2,284 2,360 Income tax-related 1,804 2,068 Miscellaneous receivables and other 4,201 3,731 Total $36,719 $34,882
Carrying Value of Goodwill	The table below presents the carrying value of goodwill by reporting unit. As of $ in millions March 2020 December 2019 Investment Banking $ $ 281 Global Markets: FICC 269 269 Equities 2,508 2,508 Asset Management 390 390 Consumer & Wealth Management: Consumer banking 48 48 Wealth management 700 700 Total $4,196 $4,196
Identifiable Intangible Assets by Segment and Type	The table below presents identifiable intangible assets by reporting unit and type. As of $ in millions March 2020 December 2019 By Reporting Unit Global Markets: FICC $ $ 3 Asset Management 257 265 Consumer & Wealth Management: Consumer banking 6 7 Wealth management 349 366 Total $ $ 641 By Type Customer lists Gross carrying value $ 1,427 $ 1,427 Accumulated amortization (1,055 ) (1,044 ) Net carrying value 372 383 Acquired leases and other Gross carrying value 792 790 Accumulated amortization (550 ) (532 ) Net carrying value 242 258 Total gross carrying value 2,219 2,217 Total accumulated amortization (1,605 ) (1,576 ) Total net carrying value $ $ 641
Amortization Expense	The tables below present information about the amortization of identifiable intangible assets. Three Months Ended March $ in millions 2020 2019 Amortization $41 $43
Estimated Future Amortization	$ in millions As of March 2020 Estimated future amortization Remainder of 2020 $84 2021 $89 2022 $78 2023 $72 2024 $61 2025 $42

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2020
Banking and Thrift [Abstract]
Schedule of Types and Sources of Deposits	The table below presents the types and sources of deposits. $ in millions Savings and Demand Time Total As of March 2020 Private bank deposits $ 56,437 $ 2,292 $ 58,729 Consumer deposits 49,843 21,784 71,627 Brokered certificates of deposit – 38,905 38,905 Deposit sweep programs 19,082 – 19,082 Transaction banking 6,920 2,260 9,180 Other deposits – 22,471 22,471 Total $132,282 $87,712 $219,994 As of December 2019 Private bank deposits $ 53,726 $ 2,087 $ 55,813 Consumer deposits 44,973 15,023 59,996 Brokered certificates of deposit – 39,449 39,449 Deposit sweep programs 17,760 – 17,760 Transaction banking 2,291 235 2,526 Other deposits – 14,475 14,475 Total $118,750 $71,269 $190,019
Deposits	The table below presents the location of deposits. As of $ in millions March 2020 December 2019 U.S. offices $168,992 $150,759 Non-U.S. 51,002 39,260 Total $219,994 $190,019
Maturities of Time Deposits	The table below presents maturities of time deposits held in U.S. and non-U.S. As of March 2020 $ in millions U.S. Non-U.S. Total Remainder of 2020 $25,358 $17,200 $ 2021 18,487 1,356 19,843 2022 8,857 80 8,937 2023 6,498 112 6,610 2024 4,393 115 4,508 2025 2,155 226 2,381 2026 - thereafter 2,072 803 2,875 Total $67,820 $19,892 $87,712

Unsecured Borrowings (Tables)

Unsecured Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Unsecured Borrowings	The table below presents information about unsecured borrowings. As of $ in millions March 2020 December 2019 Unsecured short-term borrowings $ 37,148 $ 48,287 Unsecured long-term borrowings 225,476 207,076 Total $262,624 $255,363
Unsecured Short-Term Borrowings	The table below presents information about unsecured short-term borrowings. As of $ in millions March 2020 December 2019 Current portion of unsecured long-term borrowings $22,532 $ 30,636 Hybrid financial instruments 12,635 15,814 Other unsecured short-term borrowings 1,981 1,837 Total unsecured short-term borrowings $37,148 $ 48,287 Weighted average interest rate 2.22% 2.71%
Unsecured Long-Term Borrowings	The table below presents information about unsecured long-term borrowings. $ in millions U.S. Dollar Non-U.S. Dollar Total As of March 2020 Fixed-rate obligations $107,774 $39,008 $146,782 Floating-rate obligations 47,041 31,653 78,694 Total $154,815 $70,661 $225,476 As of December 2019 Fixed-rate obligations $ 92,846 $36,185 $129,031 Floating-rate obligations 47,850 30,195 78,045 Total $140,696 $66,380 $207,076
Unsecured Long-Term Borrowings by Maturity Date	The table below presents unsecured long-term borrowings by maturity. $ in millions As of March 2020 2021 $ 24,653 2022 25,114 2023 28,607 2024 19,162 2025 23,720 2026 - thereafter 104,220 Total $225,476
Unsecured Long-Term Borrowings after Hedging	The table below presents unsecured long-term borrowings, after giving effect to such hedging activities. As of $ in millions March 2020 December 2019 Fixed-rate obligations: At fair value $ 1,385 $ 725 At amortized cost 50,062 47,577 Floating-rate obligations: At fair value 41,928 42,936 At amortized cost 132,101 115,838 Total $225,476 $207,076
Subordinated Long-Term Borrowings	The table below presents information about subordinated borrowings. $ in millions Par Amount Carrying Value Rate As of March 2020 Subordinated debt $13,797 $19,199 3.30% Junior subordinated debt 968 1,499 2.71% Total $14,765 $20,698 3.26% As of December 2019 Subordinated debt $14,041 $16,980 3.46% Junior subordinated debt 976 1,328 2.85% Total $15,017 $18,308 3.42%

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Other Liabilities Disclosure [Abstract]
Other Liabilities	The table below presents other liabilities by type. As of $ in millions March 2020 December 2019 Compensation and benefits $ 3,281 $ 6,889 Income tax-related 3,172 2,947 Operating lease liabilities 2,289 2,385 Noncontrolling interests 1,122 1,713 Employee interests in consolidated funds 71 81 Accrued expenses and other 8,359 7,636 Total $18,294 $21,651
Information About Operating Lease Liabilities	The table below presents information about operating lease liabilities. $ in millions Operating lease liabilities As of March 2020 Remainder of 2020 $ 2021 307 2022 266 2023 233 2024 218 2025 192 2026 - thereafter 2,365 Total undiscounted lease payments 3,828 Imputed interest (1,539 ) Total operating lease liabilities $ 2,289 Weighted average remaining lease term 18 years Weighted average discount rate 5.07% As of December 2019 2020 $ 2021 308 2022 268 2023 235 2024 219 2025 - thereafter 2,566 Total undiscounted lease payments 3,980 Imputed interest (1,595 ) Total operating lease liabilities $ Weighted average remaining lease term 18 years Weighted average discount rate 5.02%

Securitization Activities (Tabl

Securitization Activities (Tables)	3 Months Ended
	Mar. 31, 2020
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 Ended March $ in millions 2020 2019 Residential mortgages $3,107 $3,489 Commercial mortgages 4,996 671 Other financial assets 540 172 Total financial assets securitized $8,643 $4,332 Retained interests cash flows $ $ 93
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 Principal Amount Retained Interests Purchased Interests As of March 2020 U.S. government agency-issued CMOs $14,309 $ $14 Other residential mortgage-backed 23,121 1,047 25 Other commercial mortgage-backed 29,350 708 19 Corporate debt and other asset-backed 3,851 156 4 Total $70,631 $2,846 $62 As of December 2019 U.S. government agency-issued CMOs $14,328 $1,530 $ 3 Other residential mortgage-backed 24,166 1,078 24 Other commercial mortgage-backed 25,588 615 6 Corporate debt and other asset-backed 3,612 149 – Total $67,694 $3,372 $33 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 2014 and thereafter. • The fair value of retained interests was $2.84 billion as of March 2020 and $3.35 billion as of December 2019.
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 $ in millions March 2020 December 2019 Fair value of retained interests $ $ Weighted average life (years) 5.2 6.0 Constant prepayment rate 14.9% 12.9% Impact of 10% adverse change $ ) $ ) Impact of 20% adverse change $ ) $ ) Discount rate 5.8% 4.7% Impact of 10% adverse change $ ) $ ) Impact of 20% adverse change $ ) $ ) 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 (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nonconsolidated Variable Interest Entities	The table below presents a summary of the nonconsolidated VIEs in which the firm holds variable interests. As of $ in millions March 2020 December 2019 Total nonconsolidated VIEs Assets in VIEs $128,603 $128,069 Carrying value of variable interests — assets $ 10,390 $ 9,526 Carrying value of variable interests — liabilities $ $ 619 Maximum exposure to loss: Retained interests $ 2,846 $ 3,372 Purchased interests 2,418 901 Commitments and guarantees 2,329 2,697 Derivatives 8,689 9,010 Debt and equity 4,719 4,806 Total maximum exposure to loss $ 21,001 $ 20,786 The table below presents information, by principal business activity, for nonconsolidated VIEs included in the summary table above. As of $ in millions March 2020 December 2019 Mortgage-backed Assets in VIEs $77,153 $75,354 Carrying value of variable interests — assets $ 3,323 $ 3,830 Maximum exposure to loss: Retained interests $ 2,690 $ 3,223 Purchased interests 631 607 Commitments and guarantees 43 50 Derivatives 402 66 Total maximum exposure to loss $ 3,766 $ 3,946 Real estate, credit- and power-related and other investing Assets in VIEs $19,442 $19,602 Carrying value of variable interests — assets $ 3,066 $ 3,243 Carrying value of variable interests — liabilities $ $ 7 Maximum exposure to loss: Commitments and guarantees $ $ 1,213 Derivatives 83 92 Debt and equity 3,066 3,238 Total maximum exposure to loss $ 4,093 $ 4,543 Corporate debt and other asset-backed Assets in VIEs $17,141 $16,248 Carrying value of variable interests — assets $ 3,598 $ 2,040 Carrying value of variable interests — liabilities $ $ 612 Maximum exposure to loss: Retained interests $ $ 149 Purchased interests 1,787 294 Commitments and guarantees 1,294 1,374 Derivatives 8,201 8,849 Debt and equity 1,250 1,155 Total maximum exposure to loss $12,688 $11,821 Investments in funds Assets in VIEs $14,867 $16,865 Carrying value of variable interests — assets $ $ 413 Maximum exposure to loss: Commitments and guarantees $ $ 60 Derivatives 3 3 Debt and equity 403 413 Total maximum exposure to loss $ $ 476
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 $ in millions March 2020 December 2019 Total consolidated VIEs Assets Cash and cash equivalents $ $ 112 Trading assets 1 27 Investments 144 835 Loans 2,082 2,392 Other assets 1,100 1,084 Total $3,475 $4,450 Liabilities Other secured financings $1,088 $1,163 Customer and other payables 9 9 Trading liabilities 9 10 Unsecured short-term borrowings 46 48 Unsecured long-term borrowings 207 214 Other liabilities 312 959 Total $1,671 $2,403 The table below presents information, by principal business activity, for consolidated VIEs included in the summary table above. As of $ in millions March 2020 December 2019 Real estate, credit-related and other investing Assets Cash and cash equivalents $ $ 112 Trading assets – 26 Investments 144 835 Loans 2,082 2,392 Other assets 1,100 1,084 Total $3,474 $4,449 Liabilities Other secured financings $ $ 684 Customer and other payables 9 9 Trading liabilities 9 10 Other liabilities 312 959 Total $ $1,662 Principal-protected notes Assets Trading assets $ $ 1 Total $ $ 1 Liabilities Other secured financings $ $ 479 Unsecured short-term borrowings 46 48 Unsecured long-term borrowings 207 214 Total $ $ 741

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments	The table below presents commitments by type. As of $ in millions March 2020 December 2019 Commitment Type Commercial lending: Investment-grade $ 76,791 $ 89,276 Non-investment-grade 51,208 58,718 Warehouse financing 7,519 5,581 Credit cards 16,447 13,669 Total lending 151,965 167,244 Collateralized agreement 64,243 62,093 Collateralized financing 18,845 10,193 Letters of credit 374 456 Investment 5,812 7,879 Other 9,027 6,135 Total commitments $250,266 $254,000 The table below presents commitments by expiration. As of March 2020 $ in millions Remainder of 2020 2021 - 2022 2023 - 2024 2025 - Thereafter Commitment Type Commercial lending: Investment-grade $ 8,002 $27,196 $35,485 $ 6,108 Non-investment-grade 3,337 16,676 20,843 10,352 Warehouse financing 927 5,103 1,295 194 Credit cards 16,447 – – – Total lending 28,713 48,975 57,623 16,654 Collateralized agreement 63,747 496 – – Collateralized financing 18,845 – – – Letters of credit 299 35 – 40 Investment 1,657 1,422 1,059 1,674 Other 8,909 118 – – Total commitments $122,170 $51,046 $58,682 $18,368
Lending Commitments	The table below presents information about lending commitments. As of $ in millions March 2020 December 2019 Held for investment $133,501 $150,100 Held for sale 15,419 15,245 At fair value 3,045 1,899 Total $151,965 $167,244 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 $460 million (including allowance for losses of $335 million) as of March 2020 and $527 million (including allowance for losses of $361 million) as of December 2019. The estimated fair value of such lending commitments was a liability of $5.89 billion as of March 2020 and $3.05 billion as of December 2019. Had these lending commitments been carried at fair value and included in the fair value hierarchy, $3.29 billion as of March 2020 and $1.78 billion as of December 2019 would have been classified in level 2, and $2.60 billion as of March 2020 and $1.27 billion as of December 2019 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 $196 million as of March 2020 and $60 million as of December 2019. 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 2 as of both March 2020 and December 2019. • Gains or losses related to lending commitments at fair value, if any, are generally recorded net of any fees in other principal transactions.
Guarantees	The table below presents derivatives that meet the definition of a guarantee, securities lending indemnifications and certain other financial guarantees. $ in millions Derivatives Securities lending indemnifications Other financial guarantees As of March 2020 Carrying Value of Net Liability $ 7,973 $ $ Maximum Payout/Notional Amount by Period of Expiration Remainder of 2020 $ 65,570 $16,978 $1,648 2021 - 2022 72,282 – 1,930 2023 - 2024 22,395 – 2,853 2025 - thereafter 35,303 – 192 Total $195,550 $16,978 $6,623 As of December 2019 Carrying Value of Net Liability $ 3,817 $ $ 27 Maximum Payout/Notional Amount by Period of Expiration 2020 $ 91,814 $17,891 $2,044 2021 - 2022 76,693 – 1,714 2023 - 2024 19,377 – 2,219 2025 - thereafter 36,317 – 149 Total $224,201 $17,891 $6,126 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 $1.67 billion as of March 2020 and $1.56 billion as of December 2019, and derivative liabilities of $9.64 billion as of March 2020 and $5.38 billion as of December 2019.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Summary of Amount of Common Stock Repurchased by the Firm	The table below presents information about common stock repurchases. Three Months Ended March in millions, except per share amounts 2020 2019 Common share repurchases 8.2 6.3 Average cost per share $236.35 $197.08 Total cost of common share repurchases $ 1,928 $ 1,250
Summary of Dividends Declared on Common Stock	The table below presents common stock dividends declared. Three Months 2020 2019 Dividends declared per common share $1.25 $0.80
Summary of Perpetual Preferred Stock Issued and Outstanding	The tables below present information about the perpetual preferred stock issued and outstanding as of March Series Shares Authorized Shares Issued Shares Outstanding Depositary Shares Per Share A 50,000 30,000 29,999 1,000 C 25,000 8,000 8,000 1,000 D 60,000 54,000 53,999 1,000 E 17,500 7,667 7,667 N/A F 5,000 1,615 1,615 N/A J 46,000 40,000 40,000 1,000 K 32,200 28,000 28,000 1,000 M 80,000 80,000 80,000 25 N 31,050 27,000 27,000 1,000 O 26,000 26,000 26,000 25 P 66,000 60,000 60,000 25 Q 20,000 20,000 20,000 25 R 24,000 24,000 24,000 25 S 14,000 14,000 14,000 25 Total 496,750 420,282 420,280 Series Earliest Redemption Date Liquidation Preference Redemption Value ($ 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 M May 10, 2020 $ 25,000 2,000 N May 10, 2021 $ 25,000 675 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 Total $11,203 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 • Prior to redeeming preferred stock, the firm must receive confirmation that the FRB does not object to such action. • In January 2020, the firm issued 14,000 shares of Series S 4.40% Fixed-Rate Reset Non-Cumulative • The redemption price per share for Series A through F and Series Q through S 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. Each share of Series E and Series F Preferred Stock is redeemable at the firm’s option, subject to certain covenant restrictions governing the firm’s ability to redeem the preferred stock without issuing common stock or other instruments with equity-like characteristics. See Note 14 for information about the replacement capital covenants applicable to the Series E and Series F Preferred Stock. • 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.
Summary of Dividend Rates of Perpetual Preferred Stock Issued and Outstanding	The table below presents the dividend rates of perpetual preferred stock as of March 2020 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; M 5.375%, payable semi-annually, from issuance date to, but excluding, N 6.30%, payable quarterly O 5.30%, payable semi-annually, from issuance date to, but excluding, P 5.00%, payable semi-annually, from issuance date to, but excluding, Q 5.50%, payable semi-annually, from issuance date to, but excluding, R 4.95%, payable semi-annually, from issuance date to, but excluding, S 4.40%, payable semi-annually, from issuance date to, but excluding,
Summary of Preferred Dividends Declared on Preferred Stock Issued	The table below presents preferred stock dividends declared. 2020 2019 Series per share $ in millions per share $ in millions Three Months Ended March A $ $ 7 $234.38 $ 7 B $ – $387.50 2 C $ 2 $250.00 2 D $ 13 $250.00 13 E $1,011.11 7 $977.78 7 F $1,011.11 2 $977.78 2 J $ 14 $343.75 14 K $ 11 $398.44 11 L $ 4 $ – N $ 11 $393.75 11 Q $ 18 $ – Total $89 $69
Accumulated Other Comprehensive Income/(Loss), Net of Tax	The table below presents changes in the accumulated other comprehensive income/(loss), net of tax, by type. $ in millions Beginning balance Other comprehensive income/(loss) adjustments, net of tax Ending balance Three Months Ended March 2020 Currency translation $ (616 ) $ ) $ ) Debt valuation adjustment (572 ) 2,914 2,342 Pension and postretirement liabilities (342 ) 7 (335 ) Available-for-sale 46 517 563 Total $(1,484 ) $ $1,937 Three Months Ended March 2019 Currency translation $ ) $ 4 $ (617 ) Debt valuation adjustment 1,507 (1,417 ) 90 Pension and postretirement liabilities (81 ) (7 ) (88 ) Available-for-sale (112 ) 114 2 Total $ $(1,306 ) $ (613 )

Regulation and Capital Adequa_2

Regulation and Capital Adequacy (Tables)	3 Months Ended
	Mar. 31, 2020
Risk-based Capital and Leverage Ratios	The table below presents the risk-based capital and leverage requirements. Requirements Risk-based capital requirements CET1 capital ratio 9.5% Tier 1 capital ratio 11.0% Total capital ratio 13.0% Leverage requirements Tier 1 leverage ratio 4.0% SLR 5.0% 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%. The requirements also include the capital conservation buffer of 2.5%, the G-SIB • The G-SIB G-SIB G-SIB. • The Tier 1 leverage ratio requirement is a minimum of 4%. The SLR requirement of 5% includes a minimum of 3% and a 2% buffer applicable to G-SIBs.
Risk-based Capital Ratios	The table below presents information about risk-based capital ratios. $ in millions Standardized Advanced As of March 2020 CET1 capital $ 74,550 $ 74,550 Tier 1 capital $ 85,589 $ 85,589 Tier 2 capital $ 15,131 $ 13,470 Total capital $100,720 $ 99,059 RWAs $594,484 $605,926 CET1 capital ratio 12.5% 12.3% Tier 1 capital ratio 14.4% 14.1% Total capital ratio 16.9% 16.3% As of December 2019 CET1 capital $ 74,850 $ 74,850 Tier 1 capital $ 85,440 $ 85,440 Tier 2 capital $ 14,925 $ 13,473 Total capital $100,365 $ 98,913 RWAs $563,575 $544,653 CET1 capital ratio 13.3% 13.7% Tier 1 capital ratio 15.2% 15.7% Total capital ratio 17.8% 18.2% In the table above: • The lower of the Standardized or Advanced ratio is the ratio against which the firm’s compliance with the capital requirements is assessed under the risk-based Capital Rules, and therefore, the Advanced ratios applied to the firm as of March 2020 and the Standardized ratios applied to the firm as of December 2019. • As permitted by the FRB, the firm has elected to temporarily delay the estimated effects of adopting CECL on regulatory capital until January 2022 and to subsequently phase-in the effects through January 2025. In addition, during 2020 and 2021, the firm has elected to increase regulatory capital by 25% of the increase in the allowance for credit losses since January 1, 2020, as permitted by the rules issued by the FRB. The impact of this increase will also be phased in over the three-year transition period. Reflecting the full impact of CECL as of March 2020 would not have had a material impact on the firm’s Advanced risk-based capital ratios. • The FRB permits banking organizations to exclude assets acquired in connection with their participation in the Federal Reserve’s Money Market Mutual Fund Liquidity Facility (MMLF) from their calculation of risk-based capital and leverage ratios. The firm has opted to exclude such assets from the calculations of these ratios as of March 2020.
Leverage Ratio	The table below presents information about leverage ratios. For the Three Months Ended or as of $ in millions March 2020 December 2019 Tier 1 capital $ 85,589 $ 85,440 Average total assets $1,048,847 $ 983,909 Deductions from Tier 1 capital (4,887 ) (5,275 ) Average adjusted total assets 1,043,960 978,634 Average off-balance 394,906 396,833 Total leverage exposure $1,438,866 $1,375,467 Tier 1 leverage ratio 8.2% 8.7% SLR 5.9% 6.2% In the table above: • Average total assets represents the average daily assets for the quarter adjusted for the impact of CECL transition and exclusion of assets acquired in connection with the firm’s participation in the Federal Reserve’s • Average off-balance • 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 Three Months Ended March 2020 CET1 capital Beginning balance $ 74,850 $74,850 Change in: Common shareholders’ equity 2,114 2,114 Impact of CECL transition 819 819 Deduction for goodwill 1 1 Deduction for identifiable intangible assets 20 20 Other adjustments (3,254 ) (3,254 ) Ending balance $ 74,550 $74,550 Tier 1 capital Beginning balance $ 85,440 $85,440 Change in: CET1 capital (300 ) (300 ) Deduction for investments in covered funds 453 453 Other adjustments (4 ) (4 ) Ending balance 85,589 85,589 Tier 2 capital Beginning balance 14,925 13,473 Change in: Qualifying subordinated debt (27 ) (27 ) Junior subordinated debt (96 ) (96 ) Allowance for credit losses 372 – Other adjustments (43 ) 120 Ending balance 15,131 13,470 Total capital $100,720 $99,059 Year Ended December 2019 CET1 capital Beginning balance $ 73,116 $73,116 Change in: Common shareholders’ equity 80 80 Deduction for goodwill (432 ) (432 ) Deduction for identifiable intangible assets (307 ) (307 ) Other adjustments 2,393 2,393 Ending balance $ 74,850 $74,850 Tier 1 capital Beginning balance $ 83,702 $83,702 Change in: CET1 capital 1,734 1,734 Deduction for investments in covered funds 5 5 Other adjustments (1 ) (1 ) Ending balance 85,440 85,440 Tier 2 capital Beginning balance 14,926 13,743 Change in: Qualifying subordinated debt (300 ) (300 ) Junior subordinated debt (158 ) (158 ) Allowance for credit losses 449 – Other adjustments 8 188 Ending balance 14,925 13,473 Total capital $100,365 $98,913
Minimum Risk-based Capital and 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%. The requirements also include the capital conservation buffer of 2.5% and the countercyclical capital buffer, which the FRB has set to zero percent. • The “well-capitalized” requirements are the binding requirements for leverage ratios.
Basel III Advanced Rules [Member]
Risk-based Capital	The table below presents information about risk-based capital. As of $ in millions March 2020 December 2019 Common shareholders’ equity $ 81,176 $ 79,062 Impact of CECL transition 819 – Deduction for goodwill (3,528 ) (3,529 ) Deduction for identifiable intangible assets (584 ) (604 ) Other adjustments (3,333 ) (79 ) CET1 capital 74,550 74,850 Preferred stock 11,203 11,203 Deduction for investments in covered funds (157 ) (610 ) Other adjustments (7 ) (3 ) Tier 1 capital $ 85,589 $ 85,440 Standardized Tier 2 and Total capital Tier 1 capital $ 85,589 $ 85,440 Qualifying subordinated debt 12,820 12,847 Junior subordinated debt 188 284 Allowance for credit losses 2,174 1,802 Other adjustments (51 ) (8 ) Standardized Tier 2 capital 15,131 14,925 Standardized Total capital $100,720 $100,365 Advanced Tier 2 and Total capital Tier 1 capital $ 85,589 $ 85,440 Standardized Tier 2 capital 15,131 14,925 Allowance for credit losses (2,174 ) (1,802 ) Other adjustments 513 350 Advanced Tier 2 capital 13,470 13,473 Advanced Total capital $ 99,059 $ 98,913 In the table above: • Impact of CECL transition represents the impact of adoption as of January 1, 2020 and the impact of increasing regulatory capital by 25% of the increase in allowance for credit losses since January 1, 2020. The allowance for credit losses within Standardized and Advanced Tier 2 capital also reflects the impact of these adjustments. • Deduction for goodwill was net of deferred tax liabilities of $668 million as of March 2020 and $667 million as of December 2019. • Deduction for identifiable intangible assets was net of deferred tax liabilities of $30 million as of March 2020 and $37 million as of December 2019. • Deduction for investments in covered funds represents the firm’s aggregate investments in applicable covered funds, excluding investments that are 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. As of March 2020, 20% of this debt was included in Tier 2 capital and 80% was phased out of regulatory capital. As of December 2019, 30% of this debt was included in Tier 2 capital and 70% was phased out of regulatory capital. Junior subordinated debt is reduced by the amount of Trust Preferred securities purchased by the firm and will be fully phased out of Tier 2 capital by 2022 at a rate of 10% per year. See Note 14 for further information about the firm’s junior subordinated debt and Trust Preferred securities.
Risk-weighted Assets	The table below presents information about RWAs. $ in millions Standardized Advanced As of March 2020 Credit RWAs Derivatives $134,778 $104,638 Commitments, guarantees and loans 189,300 148,986 Securities financing transactions 59,729 12,515 Equity investments 50,881 52,999 Other 74,574 82,753 Total Credit RWAs 509,262 401,891 Market RWAs Regulatory VaR 13,465 13,465 Stressed VaR 45,608 45,608 Incremental risk 5,088 5,088 Comprehensive risk 2,186 2,186 Specific risk 18,875 18,875 Total Market RWAs 85,222 85,222 Total Operational RWAs – 118,813 Total RWAs $594,484 $605,926 As of December 2019 Credit RWAs Derivatives $120,906 $ 72,631 Commitments, guarantees and loans 179,740 134,456 Securities financing transactions 65,867 13,834 Equity investments 56,814 61,892 Other 75,660 78,266 Total Credit RWAs 498,987 361,079 Market RWAs Regulatory VaR 8,933 8,933 Stressed VaR 30,911 30,911 Incremental risk 4,308 4,308 Comprehensive risk 1,393 1,191 Specific risk 19,043 19,043 Total Market RWAs 64,588 64,386 Total Operational RWAs – 119,188 Total RWAs $563,575 $544,653
Changes in Risk-weighted Assets	The table below presents changes in RWAs. $ in millions Standardized Advanced Three Months Ended March 2020 RWAs Beginning balance $563,575 $544,653 Credit RWAs Change in: Derivatives 13,872 32,007 Commitments, guarantees and loans 9,560 14,530 Securities financing transactions (6,138 ) (1,319 ) Equity investments (5,933 ) (8,893 ) Other (1,086 ) 4,487 Change in Credit RWAs 10,275 40,812 Market RWAs Change in: Regulatory VaR 4,532 4,532 Stressed VaR 14,697 14,697 Incremental risk 780 780 Comprehensive risk 793 995 Specific risk (168 ) (168 ) Change in Market RWAs 20,634 20,836 Change in Operational RWAs – (375 ) Ending balance $594,484 $605,926 Year Ended December 2019 RWAs Beginning balance $547,910 $558,111 Credit RWAs Change in: Derivatives (1,605 ) (9,670 ) Commitments, guarantees and loans 19,435 (8,900 ) Securities financing transactions (496 ) (4,425 ) Equity investments 3,251 6,738 Other 5,064 8,585 Change in Credit RWAs 25,649 (7,672 ) Market RWAs Change in: Regulatory VaR 1,151 1,151 Stressed VaR 2,959 2,959 Incremental risk (6,161 ) (6,161 ) Comprehensive risk (1,377 ) (1,579 ) Specific risk (6,556 ) (6,556 ) Change in Market RWAs (9,984 ) (10,186 ) Change in Operational RWAs – 4,400 Ending balance $563,575 $544,653
Hybrid Capital Rules [Member]
Risk-based Capital	The table below presents information about GS Bank USA’s risk-based capital ratios. $ in millions Standardized Advanced As of March 2020 CET1 capital $ 29,760 $ 29,760 Tier 1 capital $ 29,760 $ 29,760 Tier 2 capital $ 5,710 $ 4,644 Total capital $ 35,470 $ 34,404 RWAs $272,752 $164,238 CET1 capital ratio 10.9% 18.1% Tier 1 capital ratio 10.9% 18.1% Total capital ratio 13.0% 20.9% As of December 2019 CET1 capital $ 29,176 $ 29,176 Tier 1 capital $ 29,176 $ 29,176 Tier 2 capital $ 5,293 $ 4,486 Total capital $ 34,469 $ 33,662 RWAs $258,541 $135,596 CET1 capital ratio 11.3% 21.5% Tier 1 capital ratio 11.3% 21.5% Total capital ratio 13.3% 24.8%
GS Bank USA [Member]
Leverage Ratio	The table below presents information about GS Bank USA’s leverage ratios. For the Three Months Ended or as of $ in millions March 2020 December 2019 Tier 1 capital $ 29,760 $ 29,176 Average adjusted total assets $243,007 $220,974 Total leverage exposure $425,724 $413,852 Tier 1 leverage ratio 12.2% 13.2% SLR 7.0% 7.0% In the table above: • 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.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	The table below presents information about basic and diluted EPS. Three Months Ended March in millions, except per share amounts 2020 2019 Net earnings to common $1,123 $2,182 Weighted average basic shares 358.0 379.8 Effect of dilutive RSUs 3.1 2.6 Weighted average diluted shares 361.1 382.4 Basic EPS $ 3.12 $ 5.73 Diluted EPS $ 3.11 $ 5.71

Transactions with Affiliated _2

Transactions with Affiliated Funds (Tables)	3 Months Ended
	Mar. 31, 2020
Text Block [Abstract]
Fees Earned from Affiliated Funds	The tables below present information about affiliated funds. Three Months Ended March $ in millions 2020 2019 Fees earned from funds $ 921 $ 706
Fees Receivable from Affiliated Funds and the Aggregate Carrying Value of the Firm's Interests in these Funds	As of $ in millions March 2020 December 2019 Fees receivable from funds $ 877 $ 780 Aggregate carrying value of interests in funds $4,031 $5,490

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2020
Banking and Thrift, Interest [Abstract]
Interest Income and Interest Expense	The table below presents sources of interest income and interest expense. Three Months Ended March $ in millions 2020 2019 Deposits with banks $ 205 $ 377 Collateralized agreements 534 1,304 Trading assets 1,573 1,388 Investments 471 395 Loans 1,316 1,319 Other interest 651 814 Total interest income 4,750 5,597 Deposits 818 857 Collateralized financings 448 669 Trading liabilities 314 366 Short-term borrowings 141 142 Long-term borrowings 1,105 1,384 Other interest 611 961 Total interest expense 3,437 4,379 Net interest income $1,313 $1,218

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2020
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. Jurisdiction As of March 2020 U.S. Federal 2011 New York State and City 2011 United Kingdom 2017 Japan 2014 Hong Kong 2013

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Operating Results and Assets By Segment	The table below presents a summary of the firm’s segment results. Three Months Ended March $ in millions 2020 2019 Investment Banking Non-interest $ $ 1,627 Net interest income 138 119 Total net revenues 2,184 1,746 Provision for credit losses 622 86 Operating expenses 1,169 1,005 Pre-tax $ $ 655 Net earnings $ $ 543 Net earnings to common $ $ 535 Average common equity $ $11,496 Return on average common equity 12.1% 18.6% Global Markets Non-interest $ $ 3,483 Net interest income 511 557 Total net revenues 5,163 4,040 Provision for credit losses 68 3 Operating expenses 2,847 2,748 Pre-tax $ $ 1,289 Net earnings $ $ 1,068 Net earnings to common $ $ 1,020 Average common equity $ $40,705 Return on average common equity 19.7% 10.0% Asset Management Non-interest $ ) $ 1,646 Net interest income 171 147 Total net revenues (96 ) 1,793 Provision for credit losses 79 13 Operating expenses 1,198 1,103 Pre-tax $ ) $ 677 Net earnings/(loss) $ ) $ 559 Net earnings/(loss) to common $ ) $ 549 Average common equity $ $20,365 Return on average common equity (23.6)% 10.8% Consumer & Wealth Management Non-interest $ $ 833 Net interest income 493 395 Total net revenues 1,492 1,228 Provision for credit losses 168 122 Operating expenses 1,244 1,008 Pre-tax $ $ 98 Net earnings $ $ 81 Net earnings to common $ $ 78 Average common equity $ $ 5,859 Return on average common equity 3.8% 5.3% Total Non-interest $ $ 7,589 Net interest income 1,313 1,218 Total net revenues 8,743 8,807 Provision for credit losses 937 224 Operating expenses 6,458 5,864 Pre-tax $ $ 2,719 Net earnings $ $ 2,251 Net earnings to common $ $ 2,182 Average common equity $ $78,425 Return on average common equity 5.7% 11.1% The table below presents depreciation and amortization expense by segment. Three Months Ended March $ in millions 2020 2019 Investment Banking $ 39 $ 29 Global Markets 133 147 Asset Management 170 137 Consumer & Wealth Management 95 55 Total $437 $368
Depreciation and Amortization	The table below presents assets by segment. As of $ in millions March 2020 December 2019 Investment Banking $ 105,059 $ 92,009 Global Markets 800,476 725,060 Asset Management 92,636 92,102 Consumer & Wealth Management 91,585 83,797 Total $1,089,756 $992,968
Summary of Gross Loans by Segment and Loan	The table below presents gross loans by segment and loan type. As of $ in millions March 2020 December 2019 Corporate $ 48,121 $ 27,035 Investment Banking 48,121 27,035 Corporate 12,881 11,852 Real estate 12,787 15,671 Other 4,873 3,756 Global Markets 30,541 31,279 Corporate 7,528 7,420 Real estate 8,456 9,030 Other 751 1,036 Asset Management 16,735 17,486 Wealth management 29,017 27,940 Installment 4,826 4,747 Credit cards 2,081 1,858 Consumer & Wealth Management 35,924 34,545 Total $ 131,321 $110,345
Summary of Allowance for Loan Losses	The table below presents the allowance for loan losses by segment. As of $ in millions March 2020 December 2019 Investment Banking $1,174 $ 470 Global Markets 269 168 Asset Management 489 385 Consumer & Wealth Management 936 418 Total $2,868 $1,441
Total Net Revenues, Pre-tax Earnings and Net Earnings (Excluding Corporate) for Each Geographic Region	The table below presents total net revenues and pre-tax $ in millions 2020 2019 Three Months Ended March Americas $5,171 59% $5,245 60% EMEA 2,108 24% 2,459 28% Asia 1,464 17% 1,103 12% Total net revenues $8,743 100% $8,807 100% Americas $ 551 41% $1,488 55% EMEA 436 32% 911 33% Asia 361 27% 320 12% Total pre-tax $1,348 100% $2,719 100%

Credit Concentrations (Tables)

Credit Concentrations (Tables)	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Credit Concentration, Government and Federal Agency Obligations	The table below presents the credit concentrations included in trading cash instruments and investments. As of $ in millions March 2020 December 2019 U.S. government and agency obligations $162,690 $167,097 Percentage of total assets 14.9% 16.8% Non-U.S. $ 47,457 $ 44,875 Percentage of total assets 4.4% 4.5%
Credit Concentration, Resale Agreements and Securities Borrowed	The table below presents U.S. government and agency obligations and non-U.S. As of $ in millions March 2020 December 2019 U.S. government and agency obligations $80,136 $49,396 Non-U.S. $72,573 $55,889 In the table above: • Non-U.S. • Given that the firm’s primary credit exposure on such transactions is to the counterparty to the transaction, the firm would be exposed to the collateral issuer only in the event of counterparty default.

Description of Business - Addit

Description of Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments	4

Significant Accounting Polici_2

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	Jan. 01, 2020	Jan. 01, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of Accounting and Financial Policies [Line Items]
Firm's revenues from contracts with clients subject to ASU 2014-09 as a percentage of firm's total non-interest revenues			55.00%	50.00%
Investment Banking revenues from contracts with clients subject to ASU 2014-09 as a percentage of firm's investment banking revenues			85.00%	90.00%
Investment management revenues from contracts with clients subject to ASU 2014-09 as a percentage of firm's investment management revenue			95.00%	95.00%
Cash and due from banks			$ 11,700		$ 12,570
Interest-bearing deposits with banks			93,790		120,980
Cash segregated for regulatory and other purposes			28,930		22,780
Receivable from customers and counterparties			72,630		50,900
Receivables from brokers, dealers and clearing organizations			48,300		23,710
Firm's receivables from contracts with clients			2,310		2,270
Payables to customers and counterparties			201,680		170,210
Payables to brokers, dealers and clearing organizations			11,500		4,610
Lease liabilities			2,289		$ 2,385
Maximum [Member]
Summary of Accounting and Financial Policies [Line Items]
Annual average revenues associated with known remaining performance obligations			$ 250
Accounting Standards Update 2016-02 [Member]
Summary of Accounting and Financial Policies [Line Items]
Lease liabilities		$ 1,770
New accounting standards impact on retained earnings		$ 12
Accounting Standards Update 2016-13 [Member]
Summary of Accounting and Financial Policies [Line Items]
New accounting standards impact on retained earnings	$ (638)
Accounting Standards Update 2016-13 [Member] | Maximum [Member]
Summary of Accounting and Financial Policies [Line Items]
Allowance for credit losses	848
Accounting Standards Update 2016-13 [Member] | Minimum [Member]
Summary of Accounting and Financial Policies [Line Items]
Allowance for credit losses	$ 169

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets Liabilities Summary (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ 614,112	$ 539,568
Total assets	$ 1,089,756	$ 992,968
Total level 3 financial assets divided by total assets	2.80%	2.30%
Total level 3 financial assets divided by total financial assets at fair value	5.00%	4.30%
Total financial liabilities at fair value	$ 350,706	$ 332,959
Total level 3 financial liabilities divided by total financial liabilities at fair value	7.90%	7.80%
Counterparty and Cash Collateral Netting [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ (78,612)	$ (55,527)
Total financial liabilities at fair value	(60,796)	(41,671)
Investments in funds at NAV [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	3,545	4,206
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	217,934	242,562
Total financial liabilities at fair value	63,117	54,790
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	440,469	325,259
Total financial liabilities at fair value	320,820	293,902
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	30,776	23,068
Total financial liabilities at fair value	$ 27,565	$ 25,938

Fair Value Measurements - Total

Fair Value Measurements - Total Level 3 Financial Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	$ 614,112	$ 539,568
Investment at fair value	62,655	57,827
Loans receivable at fair value	13,829	14,386
Financial assets fair value disclosure	162,157	112,023
Derivatives [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	153,183	100,779
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	30,776	23,068
Loans receivable at fair value	2,753	1,890
Financial assets fair value disclosure	30,776	23,068
Level 3 [Member] | Trading cash instruments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Trading cash instrument at fair value	1,234	1,242
Level 3 [Member] | Derivatives [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	7,381	4,654
Level 3 [Member] | Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment at fair value	19,408	15,282
Level 3 [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable at fair value	$ 2,753	$ 1,890

Trading Assets and Liabilitie_2

Trading Assets and Liabilities - Summary of Trading Assets and Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Trading Assets	$ 375,471	$ 355,332
Trading Liabilities	136,358	108,835
Trading Cash Instruments [Member]
Trading Cash Instruments	300,900	310,080
Trading Liabilities	74,319	65,033
Derivatives [Member]
Trading Assets at Fair Value	74,571	45,252
Trading Liabilities	$ 62,039	$ 43,802

Trading Assets and Liabilitie_3

Trading Assets and Liabilities - Gains and Losses from Market Making (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Trading activity, gains and losses, net [Line Items]
Market making	$ 3,682	$ 2,723
Interest Rates [Member]
Trading activity, gains and losses, net [Line Items]
Market making	737	1,260
Credit [Member]
Trading activity, gains and losses, net [Line Items]
Market making	1,842	242
Currencies [Member]
Trading activity, gains and losses, net [Line Items]
Market making	(735)	718
Equities [Member]
Trading activity, gains and losses, net [Line Items]
Market making	1,700	390
Commodities [Member]
Trading activity, gains and losses, net [Line Items]
Market making	$ 138	$ 113

Trading Cash Instruments - Cash

Trading Cash Instruments - Cash Instruments by Level (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Trading Cash Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Trading Assets	$ 300,900	$ 310,080
Trading cash instruments assets | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	199,295	222,413
Trading cash instruments assets | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	100,371	86,425
Trading cash instruments assets | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	1,234	1,242
Trading cash instruments assets | U.S. Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	139,346	142,935
Trading cash instruments assets | U.S. Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	89,564	108,200
Trading cash instruments assets | U.S. Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	49,771	34,714
Trading cash instruments assets | U.S. Government and Agency Obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	11	21
Trading cash instruments assets | Non-U.S. Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	47,434	44,839
Trading cash instruments assets | Non-U.S. Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	37,925	33,709
Trading cash instruments assets | Non-U.S. Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	9,493	11,108
Trading cash instruments assets | Non-U.S. Government and Agency Obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	16	22
Trading cash instruments assets | Loans and Securities Backed by Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	2,541	2,222
Trading cash instruments assets | Loans and Securities Backed by Commercial Real Estate [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	2,411	2,031
Trading cash instruments assets | Loans and Securities Backed by Commercial Real Estate [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	130	191
Trading cash instruments assets | Loans and Securities Backed by Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	7,157	6,025
Trading cash instruments assets | Loans and Securities Backed by Residential Real Estate [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	6,906	5,794
Trading cash instruments assets | Loans and Securities Backed by Residential Real Estate [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	251	231
Trading cash instruments assets | Corporate debt instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	26,206	28,773
Trading cash instruments assets | Corporate debt instruments [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	683	1,313
Trading cash instruments assets | Corporate debt instruments [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	24,804	26,768
Trading cash instruments assets | Corporate debt instruments [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	719	692
Trading cash instruments assets | State and Municipal Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	347	680
Trading cash instruments assets | State and Municipal Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	347	680
Trading cash instruments assets | Other debt obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	3,568	1,493
Trading cash instruments assets | Other debt obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	328	409
Trading cash instruments assets | Other debt obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	3,206	1,074
Trading cash instruments assets | Other debt obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	34	10
Trading cash instruments assets | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	72,059	79,346
Trading cash instruments assets | Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	70,795	78,782
Trading cash instruments assets | Equity Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	1,191	489
Trading cash instruments assets | Equity Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	73	75
Trading cash instruments assets | Commodities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	2,242	3,767
Trading cash instruments assets | Commodities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Assets at Fair Value	2,242	3,767
Cash Instruments Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(74,319)	(65,033)
Cash Instruments Liabilities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(63,068)	(54,761)
Cash Instruments Liabilities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(11,057)	(9,999)
Cash Instruments Liabilities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(194)	(273)
Cash Instruments Liabilities [Member] | U.S. Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(10,970)	(9,961)
Cash Instruments Liabilities [Member] | U.S. Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(10,959)	(9,914)
Cash Instruments Liabilities [Member] | U.S. Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(11)	(47)
Cash Instruments Liabilities [Member] | Non-U.S. Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(25,511)	(23,424)
Cash Instruments Liabilities [Member] | Non-U.S. Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(23,065)	(21,213)
Cash Instruments Liabilities [Member] | Non-U.S. Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(2,445)	(2,205)
Cash Instruments Liabilities [Member] | Non-U.S. Government and Agency Obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(1)	(6)
Cash Instruments Liabilities [Member] | Loans and Securities Backed by Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(27)	(32)
Cash Instruments Liabilities [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(26)	(31)
Cash Instruments Liabilities [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(1)	(1)
Cash Instruments Liabilities [Member] | Loans and Securities Backed by Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(2)	(2)
Cash Instruments Liabilities [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(2)	(2)
Cash Instruments Liabilities [Member] | Corporate debt instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(8,344)	(7,862)
Cash Instruments Liabilities [Member] | Corporate debt instruments [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(7)	(115)
Cash Instruments Liabilities [Member] | Corporate debt instruments [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(8,160)	(7,494)
Cash Instruments Liabilities [Member] | Corporate debt instruments [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(177)	(253)
Cash Instruments Liabilities [Member] | State and Municipal Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value		(2)
Cash Instruments Liabilities [Member] | State and Municipal Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value		(2)
Cash Instruments Liabilities [Member] | Other debt obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(5)
Cash Instruments Liabilities [Member] | Other debt obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(5)
Cash Instruments Liabilities [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(29,431)	(23,744)
Cash Instruments Liabilities [Member] | Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(29,037)	(23,519)
Cash Instruments Liabilities [Member] | Equity Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(379)	(212)
Cash Instruments Liabilities [Member] | Equity Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(15)	(13)
Cash Instruments Liabilities [Member] | Commodities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	(29)	(6)
Cash Instruments Liabilities [Member] | Commodities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Cash Instruments Liabilities at Fair Value	$ (29)	$ (6)

Trading Cash Instruments - Fair

Trading Cash Instruments - Fair Value, Cash Instruments, Measurement Inputs, Disclosure (Detail) $ in Millions	Mar. 31, 2020USD ($)yr	Dec. 31, 2019USD ($)yr
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 614,112	$ 539,568
Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	30,776	23,068
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 130	$ 191
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.043	0.027
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.070	0.114
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	1	0.3
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.220	0.217
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.880	0.811
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	6	6.6
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.155	0.135
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.599	0.556
Level 3 [Member] | Loans and Securities Backed by Commercial Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	3.3	2.8
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 251	$ 231
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.014	0.012
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Cumulative Loss Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.040	0.054
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	2.1	2.3
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.092	0.120
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Cumulative Loss Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.330	0.304
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	14.3	12.4
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.044	0.058
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Cumulative Loss Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.160	0.163
Level 3 [Member] | Loans and Securities Backed by Residential Real Estate [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	8.3	5.7
Level 3 [Member] | Corporate debt instruments [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total financial assets at fair value | $	$ 719	$ 692
Level 3 [Member] | Corporate debt instruments [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.023	0.001
Level 3 [Member] | Corporate debt instruments [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0	0
Level 3 [Member] | Corporate debt instruments [Member] | Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	1.3	1.7
Level 3 [Member] | Corporate debt instruments [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.468	0.204
Level 3 [Member] | Corporate debt instruments [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.700	0.697
Level 3 [Member] | Corporate debt instruments [Member] | Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	5.6	16.6
Level 3 [Member] | Corporate debt instruments [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.156	0.072
Level 3 [Member] | Corporate debt instruments [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	0.558	0.549
Level 3 [Member] | Corporate debt instruments [Member] | Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Unobservable Inputs, Asset	3.4	5.1

Trading Cash Instruments - Ca_2

Trading Cash Instruments - Cash Instruments, Level 3 Rollforward (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Trading Cash Instruments Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	$ 1,242	$ 1,689
Net realized gains / (losses)	34	25
Net unrealized gains / (losses)	(159)	(11)
Purchases	353	111
Sales	(268)	(289)
Settlements	(153)	(83)
Transfers into level 3	342	341
Transfers out of level 3	(157)	(193)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	1,234	1,590
Trading Cash Instruments Assets [Member] | Loans and Securities Backed by Commercial Real Estate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	191	332
Net realized gains / (losses)	9	7
Net unrealized gains / (losses)	(22)	(6)
Purchases	14	12
Sales	(6)	(29)
Settlements	(50)	(21)
Transfers into level 3	7	89
Transfers out of level 3	(13)	(13)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	130	371
Trading Cash Instruments Assets [Member] | Loans and Securities Backed by Residential Real Estate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	231	348
Net realized gains / (losses)	1	3
Net unrealized gains / (losses)	7	7
Purchases	80	18
Sales	(23)	(110)
Settlements	(13)	(11)
Transfers into level 3	61	22
Transfers out of level 3	(93)	(14)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	251	263
Trading Cash Instruments Assets [Member] | Corporate debt instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	692	912
Net realized gains / (losses)	22	13
Net unrealized gains / (losses)	(132)	(11)
Purchases	238	60
Sales	(214)	(135)
Settlements	(80)	(45)
Transfers into level 3	242	151
Transfers out of level 3	(49)	(156)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	719	789
Trading Cash Instruments Assets [Member] | Other Cash Instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	128	97
Net realized gains / (losses)	2	2
Net unrealized gains / (losses)	(12)	(1)
Purchases	21	21
Sales	(25)	(15)
Settlements	(10)	(6)
Transfers into level 3	32	79
Transfers out of level 3	(2)	(10)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	134	167
Trading Cash Instruments Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(273)	(49)
Net realized gains / (losses)		0
Net unrealized gains / (losses)	91	(63)
Purchases	26	18
Sales	(32)	(52)
Settlements	(2)	8
Transfers into level 3	(13)	(24)
Transfers out of level 3	9	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	$ (194)	$ (159)

Trading Cash Instruments - Addi

Trading Cash Instruments - Additional Information (Detail) - Trading Cash Instruments Assets Fair Value Disclosure [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net gains / (losses) on assets	$ 125	$ 14
Net realized gains / (losses) on assets	34	25
Net unrealized gains / (losses) on assets relating to instruments still held at the reporting date	159	11
Market making [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net gains / (losses) on assets	(158)	(26)
Interest Income [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net gains / (losses) on assets	37	$ 40
Investment Banking [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net gains / (losses) on assets	$ (4)

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Fair Value of Derivatives on a Gross Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	$ 643,256	$ 441,896
Total Gross Fair Value of Derivative Liability Contracts	612,908	426,590
Derivative Assets	74,571	45,252
Derivative Liabilities	62,039	43,802
Cash collateral received	(1,447)	(604)
Cash collateral posted	(2,971)	(1,603)
Securities collateral received	(18,357)	(14,196)
Securities collateral posted	(11,940)	(9,252)
Total	54,767	30,452
Total	47,128	32,947
Notional amount	48,027,695	39,750,315
Counterparty Netting [Member]
Derivative [Line Items]
Offset amounts	(490,886)	(340,644)
Offset amounts	(490,886)	(340,644)
Cash Collateral Netting [Member]
Derivative [Line Items]
Offset amounts	(77,799)	(56,000)
Offset amounts	(59,983)	(42,144)
Counterparty and Cash Collateral Netting [Member]
Derivative [Line Items]
Offset amounts	(568,685)	(396,644)
Offset amounts	(550,869)	(382,788)
Derivative Contract not Designated as Hedges [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	641,259	438,682
Total Gross Fair Value of Derivative Liability Contracts	612,786	426,379
Notional amount	47,859,694	39,603,671
Derivative Contract not Designated as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	372,408	276,821
Total Gross Fair Value of Derivative Liability Contracts	339,504	251,520
Notional amount	36,742,089	29,865,847
Derivative Contract not Designated as Hedges [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	24,152	20,729
Total Gross Fair Value of Derivative Liability Contracts	22,374	20,789
Notional amount	1,362,317	1,104,277
Derivative Contract not Designated as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	131,618	80,333
Total Gross Fair Value of Derivative Liability Contracts	131,349	82,014
Notional amount	7,125,080	6,065,228
Derivative Contract not Designated as Hedges [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	25,532	11,138
Total Gross Fair Value of Derivative Liability Contracts	30,156	15,549
Notional amount	484,124	475,885
Derivative Contract not Designated as Hedges [Member] | Equity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	87,549	49,661
Total Gross Fair Value of Derivative Liability Contracts	89,403	56,507
Notional amount	2,146,084	2,092,434
Derivative Contracts Accounted for as Hedges [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,997	3,214
Total Gross Fair Value of Derivative Liability Contracts	122	211
Notional amount	168,001	146,644
Derivative Contracts Accounted for as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,548	3,182
Total Gross Fair Value of Derivative Liability Contracts		1
Notional amount	155,385	133,245
Derivative Contracts Accounted for as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	449	32
Total Gross Fair Value of Derivative Liability Contracts	122	210
Notional amount	12,616	13,399
Exchange-Traded [Member]
Derivative [Line Items]
Derivative Assets	5,667	2,241
Derivative Liabilities	7,719	5,955
Exchange-Traded [Member] | Counterparty Netting [Member]
Derivative [Line Items]
Offset amounts	(35,739)	(14,159)
Offset amounts	(35,739)	(14,159)
Exchange-Traded [Member] | Derivative Contract not Designated as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,233	476
Total Gross Fair Value of Derivative Liability Contracts	1,815	856
Notional amount	3,881,459	4,757,300
Exchange-Traded [Member] | Derivative Contract not Designated as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	78	35
Total Gross Fair Value of Derivative Liability Contracts	27	10
Notional amount	4,822	4,566
Exchange-Traded [Member] | Derivative Contract not Designated as Hedges [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	6,926	2,390
Total Gross Fair Value of Derivative Liability Contracts	6,489	2,272
Notional amount	239,892	230,018
Exchange-Traded [Member] | Derivative Contract not Designated as Hedges [Member] | Equity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	33,169	13,499
Total Gross Fair Value of Derivative Liability Contracts	35,127	16,976
Notional amount	1,071,077	910,099
OTC-Cleared [Member]
Derivative [Line Items]
Derivative Assets	1,096	249
Derivative Liabilities	231	147
OTC-Cleared [Member] | Counterparty Netting [Member]
Derivative [Line Items]
Offset amounts	(16,855)	(15,565)
Offset amounts	(16,855)	(15,565)
OTC-Cleared [Member] | Cash Collateral Netting [Member]
Derivative [Line Items]
Offset amounts	(1,639)	(1,302)
Offset amounts	(49)	(526)
OTC-Cleared [Member] | Derivative Contract not Designated as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	16,091	9,958
Total Gross Fair Value of Derivative Liability Contracts	13,947	8,618
Notional amount	21,309,964	13,440,376
OTC-Cleared [Member] | Derivative Contract not Designated as Hedges [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,937	6,551
Total Gross Fair Value of Derivative Liability Contracts	1,735	6,929
Notional amount	536,609	396,342
OTC-Cleared [Member] | Derivative Contract not Designated as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,114	411
Total Gross Fair Value of Derivative Liability Contracts	1,229	391
Notional amount	167,487	134,060
OTC-Cleared [Member] | Derivative Contract not Designated as Hedges [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	172	180
Total Gross Fair Value of Derivative Liability Contracts	201	243
Notional amount	2,383	2,639
OTC-Cleared [Member] | Derivative Contracts Accounted for as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	4
Notional amount	148,644	123,531
OTC-Cleared [Member] | Derivative Contracts Accounted for as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	272	16
Total Gross Fair Value of Derivative Liability Contracts	23	57
Notional amount	3,734	4,152
Bilateral OTC [Member]
Derivative [Line Items]
Derivative Assets	67,808	42,762
Derivative Liabilities	54,089	37,700
Bilateral OTC [Member] | Counterparty Netting [Member]
Derivative [Line Items]
Offset amounts	(438,292)	(310,920)
Offset amounts	(438,292)	(310,920)
Bilateral OTC [Member] | Cash Collateral Netting [Member]
Derivative [Line Items]
Offset amounts	(76,160)	(54,698)
Offset amounts	(59,934)	(41,618)
Bilateral OTC [Member] | Derivative Contract not Designated as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	355,084	266,387
Total Gross Fair Value of Derivative Liability Contracts	323,742	242,046
Notional amount	11,550,666	11,668,171
Bilateral OTC [Member] | Derivative Contract not Designated as Hedges [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	22,215	14,178
Total Gross Fair Value of Derivative Liability Contracts	20,639	13,860
Notional amount	825,708	707,935
Bilateral OTC [Member] | Derivative Contract not Designated as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	130,426	79,887
Total Gross Fair Value of Derivative Liability Contracts	130,093	81,613
Notional amount	6,952,771	5,926,602
Bilateral OTC [Member] | Derivative Contract not Designated as Hedges [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	18,434	8,568
Total Gross Fair Value of Derivative Liability Contracts	23,466	13,034
Notional amount	241,849	243,228
Bilateral OTC [Member] | Derivative Contract not Designated as Hedges [Member] | Equity Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	54,380	36,162
Total Gross Fair Value of Derivative Liability Contracts	54,276	39,531
Notional amount	1,075,007	1,182,335
Bilateral OTC [Member] | Derivative Contracts Accounted for as Hedges [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	1,544	3,182
Total Gross Fair Value of Derivative Liability Contracts		1
Notional amount	6,741	9,714
Bilateral OTC [Member] | Derivative Contracts Accounted for as Hedges [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total Gross Fair Value of Derivative Asset Contracts	177	16
Total Gross Fair Value of Derivative Liability Contracts	99	153
Notional amount	$ 8,882	$ 9,247

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Derivative [Line Items]
Gross Fair Value of Derivative Asset Contracts Not Enforceable	$ 17,150		$ 9,150
Gross Fair Value of Derivative Liability Contracts Not Enforceable	20,350		14,880
Net Gains / (Losses) on Derivative assets and liabilities	2,440
Net Realized Gains / (Losses) on Derivative assets and liabilities	137	$ 49
Net Unrealized Gains / (Losses) on Derivative assets and liabilities	2,305	$ (91)
Maximum Payout/Notional Amount of Written Credit Derivative	657,117		522,569
Maximum Payout/Notional Amount of Purchased Credit Derivatives	705,200		581,760
Net purchased protection notional value of credit derivatives	48,080		59,190
Foreign Currency Denominated Debt Designated As Foreign Currency Hedge	3,520		3,050
Expected Reduction in Gross Credit Derivative Assets Due to Each Day Settlement			3,970
Expected Reduction in Gross Credit Derivative Liabilities Due to Each Day Settlement			$ 4,150
Market making [Member]
Derivative [Line Items]
Net Gains / (Losses) on Derivative assets and liabilities	2,420
Other Principal Transactions [Member]
Derivative [Line Items]
Net Gains / (Losses) on Derivative assets and liabilities	$ 23

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Fair Value of Derivatives by Level (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Total financial assets at fair value	$ 614,112	$ 539,568
Total financial liabilities at fair value	(350,706)	(332,959)
Fair value included in financial instruments	(136,358)	(108,835)
Level 1 [Member]
Derivative [Line Items]
Total financial assets at fair value	217,934	242,562
Total financial liabilities at fair value	(63,117)	(54,790)
Level 2 [Member]
Derivative [Line Items]
Total financial assets at fair value	440,469	325,259
Total financial liabilities at fair value	(320,820)	(293,902)
Level 3 [Member]
Derivative [Line Items]
Total financial assets at fair value	30,776	23,068
Total financial liabilities at fair value	(27,565)	(25,938)
Derivatives [Member]
Derivative [Line Items]
Total financial assets at fair value	153,183	100,779
Total financial liabilities at fair value	(122,835)	(85,473)
Fair value included in financial instruments	74,571	45,252
Fair value included in financial instruments	(62,039)	(43,802)
Derivatives [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	373,956	280,003
Total financial liabilities at fair value	(339,504)	(251,521)
Derivatives [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	24,152	20,729
Total financial liabilities at fair value	(22,374)	(20,789)
Derivatives [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	132,067	80,365
Total financial liabilities at fair value	(131,471)	(82,224)
Derivatives [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	25,532	11,138
Total financial liabilities at fair value	(30,156)	(15,549)
Derivatives [Member] | Equity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	87,549	49,661
Total financial liabilities at fair value	(89,403)	(56,507)
Derivatives [Member] | Gross Fair Value Of Derivative [Member]
Derivative [Line Items]
Total financial assets at fair value	643,256	441,896
Total financial liabilities at fair value	(612,908)	(426,590)
Derivatives [Member] | Counterparty Netting in Levels [Member]
Derivative [Line Items]
Total financial assets at fair value	(490,073)	(341,117)
Total financial liabilities at fair value	490,073	341,117
Derivatives [Member] | Cross Level Counterparty Netting Adjustment [Member]
Derivative [Line Items]
Total financial assets at fair value	(813)	473
Total financial liabilities at fair value	813	(473)
Derivatives [Member] | Cash Collateral Netting [Member]
Derivative [Line Items]
Cash collateral netting	(77,799)	(56,000)
Cash collateral netting	59,983	42,144
Derivatives [Member] | Level 1 [Member]
Derivative [Line Items]
Total financial assets at fair value	31	24
Total financial liabilities at fair value	(49)	(29)
Derivatives [Member] | Level 1 [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	18	3
Total financial liabilities at fair value	(32)	(3)
Derivatives [Member] | Level 1 [Member] | Equity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	13	21
Total financial liabilities at fair value	(17)	(26)
Derivatives [Member] | Level 1 [Member] | Gross Fair Value Of Derivative [Member]
Derivative [Line Items]
Total financial assets at fair value	31	24
Total financial liabilities at fair value	(49)	(29)
Derivatives [Member] | Level 2 [Member]
Derivative [Line Items]
Total financial assets at fair value	145,771	96,101
Total financial liabilities at fair value	(117,065)	(80,815)
Derivatives [Member] | Level 2 [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	373,085	279,443
Total financial liabilities at fair value	(338,885)	(251,050)
Derivatives [Member] | Level 2 [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	19,560	17,204
Total financial liabilities at fair value	(20,300)	(19,141)
Derivatives [Member] | Level 2 [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	131,624	80,178
Total financial liabilities at fair value	(131,089)	(81,826)
Derivatives [Member] | Level 2 [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	24,784	10,648
Total financial liabilities at fair value	(29,796)	(15,306)
Derivatives [Member] | Level 2 [Member] | Equity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	85,247	48,953
Total financial liabilities at fair value	(85,524)	(53,817)
Derivatives [Member] | Level 2 [Member] | Gross Fair Value Of Derivative [Member]
Derivative [Line Items]
Total financial assets at fair value	634,300	436,426
Total financial liabilities at fair value	(605,594)	(421,140)
Derivatives [Member] | Level 2 [Member] | Counterparty Netting in Levels [Member]
Derivative [Line Items]
Total financial assets at fair value	(488,529)	(340,325)
Total financial liabilities at fair value	488,529	340,325
Derivatives [Member] | Level 3 [Member]
Derivative [Line Items]
Total financial assets at fair value	7,381	4,654
Total financial liabilities at fair value	(5,721)	(4,629)
Derivatives [Member] | Level 3 [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	853	557
Total financial liabilities at fair value	(587)	(468)
Derivatives [Member] | Level 3 [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	4,592	3,525
Total financial liabilities at fair value	(2,074)	(1,648)
Derivatives [Member] | Level 3 [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	443	187
Total financial liabilities at fair value	(382)	(398)
Derivatives [Member] | Level 3 [Member] | Commodity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	748	490
Total financial liabilities at fair value	(360)	(243)
Derivatives [Member] | Level 3 [Member] | Equity Contract [Member]
Derivative [Line Items]
Total financial assets at fair value	2,289	687
Total financial liabilities at fair value	(3,862)	(2,664)
Derivatives [Member] | Level 3 [Member] | Gross Fair Value Of Derivative [Member]
Derivative [Line Items]
Total financial assets at fair value	8,925	5,446
Total financial liabilities at fair value	(7,265)	(5,421)
Derivatives [Member] | Level 3 [Member] | Counterparty Netting in Levels [Member]
Derivative [Line Items]
Total financial assets at fair value	(1,544)	(792)
Total financial liabilities at fair value	$ 1,544	$ 792

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Fair Value, Derivatives, Measurement Inputs, Disclosure (Detail) $ in Millions	Mar. 31, 2020USD ($)MMBTU$ / bbl	Dec. 31, 2019USD ($)MMBTU$ / bbl	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ 1,660	$ 25	$ (688)	$ 590
Interest Rate Contract [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ 266	$ 89	(19)	(109)
Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.52	0.52
Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Median Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.62	0.60
Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Average Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.70	0.70
Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Median Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.61	0.61
Credit Risk Contract [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ 2,518	$ 1,877	1,874	1,672
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Average Credit Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	1.54	0.96
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Median Credit Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.95	0.53
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, , Average Upfront Credit Points [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.32	0.38
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, , Median Upfront Credit Points [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.25	0.32
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Average Recovery Rate [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.35	0.31
Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Median Recovery Rate [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.38	0.25
Foreign Exchange Contract [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ 61	$ (211)	29	461
Foreign Exchange Contract [Member] | Level 3 [Member] | Measurement Input, Average Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.39	0.37
Foreign Exchange Contract [Member] | Level 3 [Member] | Measurement Input, Median Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.41	0.36
Commodity Contract [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ 388	$ 247	145	112
Commodity Contract [Member] | Level 3 [Member] | Measurement Input, Average Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.45	0.26
Commodity Contract [Member] | Level 3 [Member] | Measurement Input, Median Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.42	0.25
Commodity Contract [Member] | Natural Gas [Member] | Level 3 [Member] | Measurement Input, Average Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | MMBTU	0.15	0.16
Commodity Contract [Member] | Natural Gas [Member] | Level 3 [Member] | Measurement Input, Median Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | MMBTU	0.09	0.17
Commodity Contract [Member] | Oil [Member] | Level 3 [Member] | Measurement Input, Average Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | $ / bbl	3.92	9.82
Commodity Contract [Member] | Oil [Member] | Level 3 [Member] | Measurement Input, Median Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | $ / bbl	1.26	11.15
Equity Contract [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance | $	$ (1,573)	$ (1,977)	$ (2,717)	$ (1,546)
Equity Contract [Member] | Level 3 [Member] | Measurement Input, Average Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	(0.53)	(0.42)
Equity Contract [Member] | Level 3 [Member] | Measurement Input, Median Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.62	0.45
Equity Contract [Member] | Level 3 [Member] | Measurement Input, Average Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.27	0.14
Equity Contract [Member] | Level 3 [Member] | Measurement Input, Median Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.20	0.07
Minimum [Member] | Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	(0.42)	(0.42)
Minimum [Member] | Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.31	0.31
Minimum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Credit Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.02	0.01
Minimum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Upfront Credit Points [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.01	0.02
Minimum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Recovery Rate [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.01	0.10
Minimum [Member] | Foreign Exchange Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.20	0.20
Minimum [Member] | Commodity Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.15	0.09
Minimum [Member] | Commodity Contract [Member] | Natural Gas [Member] | Level 3 [Member] | Measurement Input, Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | MMBTU	1.31	1.93
Minimum [Member] | Commodity Contract [Member] | Oil [Member] | Level 3 [Member] | Measurement Input, Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | $ / bbl	4.71	4.86
Minimum [Member] | Equity Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	(0.70)	(0.70)
Minimum [Member] | Equity Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.02	0.02
Maximum [Member] | Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.81	0.81
Maximum [Member] | Interest Rate Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	1.50	1.50
Maximum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Credit Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	8.72	5.59
Maximum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Upfront Credit Points [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.95	0.90
Maximum [Member] | Credit Risk Contract [Member] | Level 3 [Member] | Measurement Input, Recovery Rate [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.70	0.60
Maximum [Member] | Foreign Exchange Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.70	0.70
Maximum [Member] | Commodity Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	1.87	0.57
Maximum [Member] | Commodity Contract [Member] | Natural Gas [Member] | Level 3 [Member] | Measurement Input, Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | MMBTU	1.50	1.69
Maximum [Member] | Commodity Contract [Member] | Oil [Member] | Level 3 [Member] | Measurement Input, Spread [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs | $ / bbl	18.31	19.77
Maximum [Member] | Equity Contract [Member] | Level 3 [Member] | Measurement Input, Correlation [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	0.99	0.99
Maximum [Member] | Equity Contract [Member] | Level 3 [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs Disclosure [Line Items]
Assets (Liabilities) significant unobservable Inputs	1.29	0.72

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Fair Value of Derivatives, Level 3 Rollforward (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	$ 25	$ 590
Net Realized Gains / (Losses)	137	49
Net Unrealized Gains / (Losses)	2,305	(91)
Purchases	223	110
Sales	(413)	(1,574)
Settlements	41	384
Transfers Into Level 3	(801)	(34)
Transfers Out Of Level 3	143	(122)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	1,660	(688)
Interest Rate Contract [Member]
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	89	(109)
Net Realized Gains / (Losses)	7
Net Unrealized Gains / (Losses)	132	111
Purchases	1	2
Sales	(13)	(4)
Settlements	37	(17)
Transfers Into Level 3	11	(11)
Transfers Out Of Level 3	2	9
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	266	(19)
Credit Risk Contract [Member]
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	1,877	1,672
Net Realized Gains / (Losses)	(20)	8
Net Unrealized Gains / (Losses)	652	80
Purchases	53	42
Sales	(27)	(28)
Settlements	(55)	(32)
Transfers Into Level 3	11	55
Transfers Out Of Level 3	27	77
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	2,518	1,874
Foreign Exchange Contract [Member]
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	(211)	461
Net Realized Gains / (Losses)	(6)	(12)
Net Unrealized Gains / (Losses)	185	(131)
Purchases		2
Sales	(11)	(16)
Settlements	111	29
Transfers Into Level 3	(4)	(1)
Transfers Out Of Level 3	(3)	(303)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	61	29
Commodity Contract [Member]
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	247	112
Net Realized Gains / (Losses)	17	18
Net Unrealized Gains / (Losses)	197	15
Purchases	22	3
Sales	(69)	(6)
Settlements	(7)	(12)
Transfers Into Level 3	(11)	(8)
Transfers Out Of Level 3	(8)	23
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	388	145
Equity Contract [Member]
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance	(1,977)	(1,546)
Net Realized Gains / (Losses)	139	35
Net Unrealized Gains / (Losses)	1,139	(166)
Purchases	147	61
Sales	(293)	(1,520)
Settlements	(45)	416
Transfers Into Level 3	(808)	(69)
Transfers Out Of Level 3	125	72
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance	$ (1,573)	$ (2,717)

Derivatives and Hedging Activ_8

Derivatives and Hedging Activities - OTC Derivatives by Product Type and Tenor (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative Assets	$ 74,571	$ 45,252
Derivative Liabilities	62,039	43,802
OTC [Member]
Derivative [Line Items]
Derivative Assets	167,680	114,650
Derivative Liabilities	135,280	95,630
OTC [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets	101,964	78,098
Derivative Liabilities	66,924	49,237
OTC [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Derivative Assets	10,424	7,120
Derivative Liabilities	8,649	7,180
OTC [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Assets	37,046	21,544
Derivative Liabilities	36,505	23,428
OTC [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Assets	9,739	4,021
Derivative Liabilities	14,800	8,550
OTC [Member] | Equity Contract [Member]
Derivative [Line Items]
Derivative Assets	21,969	13,135
Derivative Liabilities	21,864	16,503
OTC [Member] | Counterparty Netting in Tenors [Member]
Derivative [Line Items]
Derivative Assets	(13,462)	(9,268)
Derivative Liabilities	(13,462)	(9,268)
OTC [Member] | Cross Tenor Counterparty Netting [Member]
Derivative [Line Items]
Derivative Assets	(20,977)	(15,639)
Derivative Liabilities	(20,977)	(15,639)
OTC [Member] | Cash Collateral Netting [Member]
Derivative [Line Items]
Cash collateral netting	(77,799)	(56,000)
Cash collateral netting	(59,983)	(42,144)
OTC [Member] | Counterparty and Cash Collateral Netting [Member]
Derivative [Line Items]
Derivative Assets	68,904	43,011
Derivative Liabilities	54,320	37,847
Less than 1 Year [Member] | OTC [Member]
Derivative [Line Items]
Derivative Assets	46,989	23,011
Derivative Liabilities	40,298	22,796
Less than 1 Year [Member] | OTC [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets	9,971	5,521
Derivative Liabilities	8,157	3,654
Less than 1 Year [Member] | OTC [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Derivative Assets	1,776	678
Derivative Liabilities	1,817	1,368
Less than 1 Year [Member] | OTC [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Assets	21,673	10,236
Derivative Liabilities	17,701	12,486
Less than 1 Year [Member] | OTC [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Assets	6,741	2,507
Derivative Liabilities	7,790	2,796
Less than 1 Year [Member] | OTC [Member] | Equity Contract [Member]
Derivative [Line Items]
Derivative Assets	11,562	7,332
Derivative Liabilities	9,567	5,755
Less than 1 Year [Member] | OTC [Member] | Counterparty Netting in Tenors [Member]
Derivative [Line Items]
Derivative Assets	(4,734)	(3,263)
Derivative Liabilities	(4,734)	(3,263)
1 - 5 Years [Member] | OTC [Member]
Derivative [Line Items]
Derivative Assets	36,870	25,553
Derivative Liabilities	34,149	25,729
1 - 5 Years [Member] | OTC [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets	21,382	15,183
Derivative Liabilities	12,908	9,113
1 - 5 Years [Member] | OTC [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Derivative Assets	4,342	3,259
Derivative Liabilities	4,433	4,052
1 - 5 Years [Member] | OTC [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Assets	6,428	5,063
Derivative Liabilities	11,104	6,906
1 - 5 Years [Member] | OTC [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Assets	2,486	1,212
Derivative Liabilities	2,711	1,950
1 - 5 Years [Member] | OTC [Member] | Equity Contract [Member]
Derivative [Line Items]
Derivative Assets	7,238	4,509
Derivative Liabilities	7,999	7,381
1 - 5 Years [Member] | OTC [Member] | Counterparty Netting in Tenors [Member]
Derivative [Line Items]
Derivative Assets	(5,006)	(3,673)
Derivative Liabilities	(5,006)	(3,673)
Greater than 5 Years [Member] | OTC [Member]
Derivative [Line Items]
Derivative Assets	83,821	66,086
Derivative Liabilities	60,833	47,105
Greater than 5 Years [Member] | OTC [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets	70,611	57,394
Derivative Liabilities	45,859	36,470
Greater than 5 Years [Member] | OTC [Member] | Credit Risk Contract [Member]
Derivative [Line Items]
Derivative Assets	4,306	3,183
Derivative Liabilities	2,399	1,760
Greater than 5 Years [Member] | OTC [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Assets	8,945	6,245
Derivative Liabilities	7,700	4,036
Greater than 5 Years [Member] | OTC [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Assets	512	302
Derivative Liabilities	4,299	3,804
Greater than 5 Years [Member] | OTC [Member] | Equity Contract [Member]
Derivative [Line Items]
Derivative Assets	3,169	1,294
Derivative Liabilities	4,298	3,367
Greater than 5 Years [Member] | OTC [Member] | Counterparty Netting in Tenors [Member]
Derivative [Line Items]
Derivative Assets	(3,722)	(2,332)
Derivative Liabilities	$ (3,722)	$ (2,332)

Derivatives and Hedging Activ_9

Derivatives and Hedging Activities - Credit Derivatives (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	$ 657,117	$ 522,569
Maximum Payout/Notional Amount of Purchased Credit Derivatives	705,200	581,760
Offsetting Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	553,358	426,100
Other Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	151,843	155,662
Less than 1 Year [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	193,333	154,433
1 - 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	362,650	316,786
Greater than 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	101,134	51,350
Written Credit Derivative [Member]
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	4,160	13,911
Fair Value Liability of Written Credit Derivatives	17,813	5,549
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(13,653)	8,362
0 - 250 [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	562,329	484,119
0 - 250 [Member] | Offsetting Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	476,787	395,127
0 - 250 [Member] | Other Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	127,244	149,092
0 - 250 [Member] | Less than 1 Year [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	167,856	143,566
0 - 250 [Member] | 1 - 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	303,456	292,444
0 - 250 [Member] | Greater than 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	91,017	48,109
0 - 250 [Member] | Written Credit Derivative [Member]
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	3,833	13,103
Fair Value Liability of Written Credit Derivatives	4,333	1,239
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(500)	11,864
251 - 500 [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	34,360	19,540
251 - 500 [Member] | Offsetting Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	29,983	14,492
251 - 500 [Member] | Other Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	6,841	2,617
251 - 500 [Member] | Less than 1 Year [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	3,283	7,155
251 - 500 [Member] | 1 - 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	25,507	10,125
251 - 500 [Member] | Greater than 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	5,570	2,260
251 - 500 [Member] | Written Credit Derivative [Member]
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	246	446
Fair Value Liability of Written Credit Derivatives	1,939	448
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(1,693)	(2)
501 - 1000 [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	36,691	6,668
501 - 1000 [Member] | Offsetting Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	24,949	5,938
501 - 1000 [Member] | Other Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	12,957	1,599
501 - 1000 [Member] | Less than 1 Year [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	17,312	759
501 - 1000 [Member] | 1 - 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	16,341	5,482
501 - 1000 [Member] | Greater than 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	3,038	427
501 - 1000 [Member] | Written Credit Derivative [Member]
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	30	160
Fair Value Liability of Written Credit Derivatives	3,304	372
Fair Value Net Asset/(Liability) of Written Credit Derivatives	(3,274)	(212)
Greater than 1000 [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	23,737	12,242
Greater than 1000 [Member] | Offsetting Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	21,639	10,543
Greater than 1000 [Member] | Other Purchased Credit Derivatives [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Purchased Credit Derivatives	4,801	2,354
Greater than 1000 [Member] | Less than 1 Year [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	4,882	2,953
Greater than 1000 [Member] | 1 - 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	17,346	8,735
Greater than 1000 [Member] | Greater than 5 Years [Member]
Derivative [Line Items]
Maximum Payout/Notional Amount of Written Credit Derivative	1,509	554
Greater than 1000 [Member] | Written Credit Derivative [Member]
Derivative [Line Items]
Fair Value Asset of Written Credit Derivatives	51	202
Fair Value Liability of Written Credit Derivatives	8,237	3,490
Fair Value Net Asset/(Liability) of Written Credit Derivatives	$ (8,186)	$ (3,288)

Derivatives and Hedging Acti_10

Derivatives and Hedging Activities - Summary of Information About CVA and FVA (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
CVA, net of hedges	$ 271	$ (163)
FVA, net of hedges	(759)	234
Total	$ (488)	$ 71

Derivatives and Hedging Acti_11

Derivatives and Hedging Activities - Bifurcated Embedded Derivatives (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset	$ 1,361	$ 1,148
Embedded Derivative, Fair Value of Embedded Derivative Liability	1,715	1,717
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability	354	569
Notional amount	48,027,695	39,750,315
Embedded Derivatives Classified In Debt [Member]
Derivative [Line Items]
Notional amount	$ 11,280	$ 11,003

Derivatives and Hedging Acti_12

Derivatives and Hedging Activities - Derivatives with Credit-Related Contingent Features (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Aggregate fair value of derivative contracts which are in net liability position	$ 49,450	$ 32,800
Aggregate fair value of assets as a collateral for derivative contracts	42,925	28,510
One-Notch Reduction [Member]
Derivative [Line Items]
Additional collateral or termination payments pursuant to bilateral agreements with certain counterparties which could have been called by counterparties in the event of a reduction in the firm's long-term credit ratings	364	358
Two-Notch Reduction [Member]
Derivative [Line Items]
Additional collateral or termination payments pursuant to bilateral agreements with certain counterparties which could have been called by counterparties in the event of a reduction in the firm's long-term credit ratings	$ 922	$ 1,268

Derivatives and Hedging Acti_13

Derivatives and Hedging Activities - Gain (Loss) from Interest Rate Hedges and Related Hedged Borrowings and Deposits (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Interest expense	$ 3,437	$ 4,379
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Derivative Contracts Accounted for as Hedges [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	6,586	1,256
Gain (Loss) Recognized On Hedged Borrowings and Deposits	$ (6,679)	$ (1,351)

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) - Derivative Contracts Accounted for as Hedges [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Deposits at Fair Value [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount	$ 19,660	$ 19,634
Cumulative Hedging Adjustment	783	200
Unsecured short-term borrowings [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount	7,171	6,008
Cumulative Hedging Adjustment	61	28
Unsecured long-term borrowings [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount	103,057	87,874
Cumulative Hedging Adjustment	$ 12,527	$ 7,292

Derivatives and Hedging Acti_15

Derivatives and Hedging Activities - Carrying Amount of Hedged Items Currently Designated in a Hedging Relationship and Related Cumulative Hedging Adjustment (Parenthetical) (Detail) - Unsecured long-term borrowings [Member] - Derivative Contracts Accounted for as Hedges [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative hedging adjustment	$ 3,810	$ 3,480
Addition Cumulative Hedging adjustments	$ 1,250	$ 425

Derivatives and Hedging Acti_16

Derivatives and Hedging Activities - Gains and Losses on Net Investment Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Gain (Loss) Recognized On Foreign Currency Denominated Debt Designated As Foreign Currency Hedge	$ (21)	$ 31
Foreign Exchange Contract [Member] | Net Investment Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	$ 756	$ 14

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Investment at fair value	$ 62,655		$ 57,827
Level 3 [Member]
Net gains / (losses) on assets	27	$ 27
Level 3 [Member] | Interest Income [Member]
Net gains / (losses) on assets	17	14
Investments [Member]
Investments in funds at NAV	3,545		4,206
Investment at fair value	59,110		53,621
Net gains / (losses) on assets	75	35
Net unrealized gains / (losses) on assets relating to instruments still held at the reporting date	(1,284)	239
Investments [Member] | Operating income (loss) [Member]
Net gains / (losses) on assets	(1,290)	227
Investments [Member] | Interest Income [Member]
Net gains / (losses) on assets	77	47
Investments [Member] | Level 3 [Member]
Investment at fair value	19,408		15,282
Net gains / (losses) on assets	(1,210)	274
Equity Securities [Member]
Equity method investment	8,040		8,230
Equity Securities [Member] | Investments [Member]
Investment at fair value	18,516		18,940
Net gains / (losses) on assets	17	22
Net unrealized gains / (losses) on assets relating to instruments still held at the reporting date	(766)	182
Equity Securities [Member] | Investments [Member] | Level 3 [Member]
Investment at fair value	11,056		10,903
Fair Value Option [Member]
Gains/(losses) recognized on equity securities	77	$ 165
Investments in funds at NAV [Member]
Investments in funds at NAV	2,710		3,220
Investment at fair value	$ 840		$ 983

Investments - Fair Value of Inv

Investments - Fair Value of Investments by Accounting Type (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Investments, Fair Value Disclosure [Abstract]
Equity securities, at fair value	$ 21,221	$ 22,163
Debt instruments, at fair value	23,145	16,570
Available-for-sale securities, at fair value	18,289	19,094
Investments, at fair value	62,655	57,827
Held-to-maturity securities	5,756	5,825
Equity method investments	283	285
Total investments	$ 68,694	$ 63,937

Investments - Equity Securities

Investments - Equity Securities At Fair Value (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Equity securities, at fair value	$ 21,221	$ 22,163
Public Equity [Member]
Percentage of investment in equity securities	10.00%	11.00%
Private Equity [Member]
Percentage of investment in equity securities	90.00%	89.00%
Public And Private Equity [Member]
Percentage of investment in equity securities	100.00%	100.00%
Corporate [Member]
Percentage of investment in equity securities	77.00%	79.00%
Real Estate [Member]
Percentage of investment in equity securities	23.00%	21.00%
Corporate And Real Estate [Member]
Percentage of investment in equity securities	100.00%	100.00%
Americas [Member]
Percentage of investment in equity securities	46.00%	50.00%
Europe Middle East And Africa [Member]
Percentage of investment in equity securities	19.00%	17.00%
Asia [Member]
Percentage of investment in equity securities	35.00%	33.00%
Americas Europe And Asia [Member]
Percentage of investment in equity securities	100.00%	100.00%

Investments - Debt Securities A

Investments - Debt Securities At Fair Value (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt securities, at fair value	$ 23,145	$ 16,570
Corporate debt securities [Member]
Debt securities, at fair value	9,923	10,838
Securities backed by real estate [Member]
Debt securities, at fair value	2,560	2,619
Money market instruments [Member]
Debt securities, at fair value	9,332	1,681
Other [Member]
Debt securities, at fair value	$ 1,330	$ 1,432

Investments - Investments in Fu

Investments - Investments in Funds that are Calculated Using Net Asset Value Per Share (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Cash Instruments Assets [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	$ 3,545	$ 4,206
Cash Instruments Liabilities [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	1,677	1,781
Private Equity Funds [Member] | Cash Instruments Assets [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	2,285	2,767
Private Equity Funds [Member] | Cash Instruments Liabilities [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	753	765
Credit Funds [Member] | Cash Instruments Assets [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	840	983
Credit Funds [Member] | Cash Instruments Liabilities [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	730	820
Hedge Funds [Member] | Cash Instruments Assets [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	106	125
Real Estate Funds [Member] | Cash Instruments Assets [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Fair Value of Investments	314	331
Real Estate Funds [Member] | Cash Instruments Liabilities [Member]
Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items]
Unfunded Commitments	$ 194	$ 196

Investments - Securities Accoun

Investments - Securities Accounted for As Available-for-Sale Included in Investments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 17,543	$ 19,037
Fair Value	$ 18,289	$ 19,094
Weighted Average Yield	1.59%	1.68%
Less than 5 years [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 14,038	$ 14,063
Fair Value	$ 14,472	$ 14,041
Weighted Average Yield	1.53%	1.53%
Greater than 5 years [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 3,505	$ 4,974
Fair Value	$ 3,817	$ 5,053
Weighted Average Yield	1.85%	2.10%

Investments - Securities Acco_2

Investments - Securities Accounted for As Available-for-Sale Included in Investments (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Gross unrealized gain included in accumulated other comprehensive gain/(loss)	$ 746		$ 137
Available-for-sale securities sold	1,450	$ 4,960
Realized gains on sales of available-for-sale securities	$ 265	$ 36

Investments - Cash Instruments

Investments - Cash Instruments by Level (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	$ 62,655	$ 57,827
Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in funds at NAV	3,545	4,206
Investment at fair value	59,110	53,621
Level 1 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	18,608	20,125
Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	21,094	18,214
Level 3 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	19,408	15,282
U.S. [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	18,289	19,094
U.S. [Member] | Level 1 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	18,289	19,094
Non-U.S. [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	23	36
Non-U.S. [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	23	36
Corporate debt securities [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	9,923	10,838
Corporate debt securities [Member] | Level 1 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	54	48
Corporate debt securities [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	2,720	7,325
Corporate debt securities [Member] | Level 3 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	7,149	3,465
Securities backed by real estate [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	2,560	2,619
Securities backed by real estate [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	1,785	2,024
Securities backed by real estate [Member] | Level 3 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	775	595
Money market instruments [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	9,332	1,681
Money market instruments [Member] | Level 1 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	29	732
Money market instruments [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	9,303	949
Other debt obligations [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	467	413
Other debt obligations [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	39	94
Other debt obligations [Member] | Level 3 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	428	319
Equity Securities [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	18,516	18,940
Equity Securities [Member] | Level 1 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	236	251
Equity Securities [Member] | Level 2 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	7,224	7,786
Equity Securities [Member] | Level 3 [Member] | Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value	$ 11,056	$ 10,903

Investments - Fair Value Measur

Investments - Fair Value Measurement Inputs (Detail) $ in Millions	Mar. 31, 2020USD ($)yr	Dec. 31, 2019USD ($)yr
Level 3 assets | $	$ 614,112	$ 539,568
Level 3 assets [Member]
Level 3 assets | $	30,776	23,068
Corporate debt securities [Member] | Level 3 assets [Member] | Investments [Member]
Level 3 assets | $	$ 7,149	$ 3,465
Corporate debt securities [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.252	0.298
Corporate debt securities [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.046	0.055
Corporate debt securities [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.118	0.12
Corporate debt securities [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	1	1
Corporate debt securities [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.400	0.250
Corporate debt securities [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.658	0.685
Corporate debt securities [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	8	5.9
Corporate debt securities [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	1.5	2.9
Corporate debt securities [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	4	5
Corporate debt securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	39.7	24.4
Corporate debt securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.6	0.6
Corporate debt securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	7.4	7
Securities backed by real estate [Member] | Level 3 assets [Member] | Investments [Member]
Level 3 assets | $	$ 775	$ 595
Securities backed by real estate [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.203	0.203
Securities backed by real estate [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.100	0.094
Securities backed by real estate [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.158	0.16
Securities backed by real estate [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.350	0.344
Securities backed by real estate [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.250	0.331
Securities backed by real estate [Member] | Level 3 assets [Member] | Recovery rate [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.335	0.335
Securities backed by real estate [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	3.7	3
Securities backed by real estate [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.4	0.4
Securities backed by real estate [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	2.3	0.9
Equity Securities [Member] | Level 3 assets [Member] | Investments [Member]
Level 3 assets | $	$ 11,056	$ 10,903
Equity Securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	23.8	36
Equity Securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.5	0.8
Equity Securities [Member] | Level 3 assets [Member] | Multiples [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	8	8
Equity Securities [Member] | Level 3 assets [Member] | Discount rate/yield [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.203	0.203
Equity Securities [Member] | Level 3 assets [Member] | Discount rate/yield [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.049	0.021
Equity Securities [Member] | Level 3 assets [Member] | Discount rate/yield [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.14	0.134
Equity Securities [Member] | Level 3 assets [Member] | Capitalization rate [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.160	0.151
Equity Securities [Member] | Level 3 assets [Member] | Capitalization rate [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.037	0.036
Equity Securities [Member] | Level 3 assets [Member] | Capitalization rate [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.059	0.61
Other debt obligations [Member] | Level 3 assets [Member] | Investments [Member]
Level 3 assets | $	$ 428	$ 319
Other debt obligations [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	0.060	0.052
Other debt obligations [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	0.032	0.034
Other debt obligations [Member] | Level 3 assets [Member] | Yield [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	0.042	0.045
Other debt obligations [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Maximum [Member]
Investments measurement input	9.8	8
Other debt obligations [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Minimum [Member]
Investments measurement input	3.7	4
Other debt obligations [Member] | Level 3 assets [Member] | Duration [Member] | Investments [Member] | Weighted Average [Member]
Investments measurement input	6.8	6.7

Investments - Investments, Leve

Investments - Investments, Level 3 Rollforward (Detail) - Investments [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	$ 15,282	$ 13,548
Net realized gains/(losses)	75	35
Net unrealized gains/(losses)	(1,284)	239
Purchases	348	217
Sales	(197)	(37)
Settlements	(325)	(232)
Transfers into level 3	6,480	967
Transfers out of level 3	(971)	(461)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	19,408	14,276
Corporate debt securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	3,465	2,540
Net realized gains/(losses)	50	11
Net unrealized gains/(losses)	(465)	50
Purchases	69	86
Sales	(174)
Settlements	(166)	(42)
Transfers into level 3	4,394	260
Transfers out of level 3	(24)	(214)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	7,149	2,691
Securities backed by real estate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	595	457
Net realized gains/(losses)	6	2
Net unrealized gains/(losses)	(72)	7
Purchases	52
Settlements	(12)	(33)
Transfers into level 3	206
Transfers out of level 3		(22)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	775	411
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	10,903	10,335
Net realized gains/(losses)	17	22
Net unrealized gains/(losses)	(766)	182
Purchases	227	112
Sales	(23)	(36)
Settlements	(145)	(157)
Transfers into level 3	1,790	707
Transfers out of level 3	(947)	(225)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	11,056	10,940
Other debt obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	319	216
Net realized gains/(losses)	2
Net unrealized gains/(losses)	19
Purchases		19
Sales		(1)
Settlements	(2)
Transfers into level 3	90
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$ 428	$ 234

Investments - Held-to-Maturity

Investments - Held-to-Maturity Securities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,756	$ 5,825
Fair Value	$ 6,124	$ 5,964
Weighted Average Yield	2.27%	2.27%
U.S. government obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,055	$ 5,068
Fair Value	$ 5,431	$ 5,189
Weighted Average Yield	2.35%	2.35%
U.S. government obligations [Member] | Less than 5 years [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 3,531	$ 3,534
Fair Value	$ 3,751	$ 3,613
Weighted Average Yield	2.40%	2.40%
U.S. government obligations [Member] | Greater than 5 years [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 1,524	$ 1,534
Fair Value	$ 1,680	$ 1,576
Weighted Average Yield	2.25%	2.25%
Securities backed by real estate [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 701	$ 757
Fair Value	$ 693	$ 775
Weighted Average Yield	1.64%	1.69%
Securities backed by real estate [Member] | Less than 5 years [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5	$ 6
Fair Value	$ 5	$ 6
Weighted Average Yield	3.91%	4.16%
Securities backed by real estate [Member] | Greater than 5 years [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 696	$ 751
Fair Value	$ 688	$ 769
Weighted Average Yield	1.62%	1.67%

Investments - Held-to-Maturit_2

Investments - Held-to-Maturity Securities (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Maturity [Abstract]
Held-to-maturity securities, gross unrealized gains	$ 395	$ 141
Held-to-maturity securities, gross unrealized losses	$ 0	$ 0

Loans - Summary of Loans (Detai

Loans - Summary of Loans (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans Receivable [Line Items]
Subtotal	$ 131,321	$ 110,345
Allowance for loan losses	(2,868)	(1,441)	$ (1,066)
Total loans receivable	128,453	108,904
Subtotal	13,829	14,386
Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	114,335	90,636
Allowance for loan losses	(2,868)	(1,441)
Total loans receivable	111,467	89,195
Subtotal	108,637	89,186
Fair Value [Member]
Loans Receivable [Line Items]
Total loans receivable	13,829	14,386
Subtotal	13,829	14,386
Held for sale [Member]
Loans Receivable [Line Items]
Total loans receivable	3,157	5,323
Subtotal	3,210	5,409
Subtotal	3,157	5,323
Corporate [Member]
Loans Receivable [Line Items]
Subtotal	68,530	46,307
Subtotal	2,915	3,224
Corporate [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	63,697	41,129
Corporate [Member] | Fair Value [Member]
Loans Receivable [Line Items]
Subtotal	2,915	3,224
Corporate [Member] | Held for sale [Member]
Loans Receivable [Line Items]
Subtotal	1,918	1,954
Wealth management [Member]
Loans Receivable [Line Items]
Subtotal	29,017	27,940
Subtotal	7,834	7,824
Wealth management [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	21,183	20,116
Wealth management [Member] | Fair Value [Member]
Loans Receivable [Line Items]
Subtotal	7,834	7,824
Commercial real estate [Member]
Loans Receivable [Line Items]
Subtotal	16,830	17,743
Subtotal	2,005	1,876
Commercial real estate [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	14,165	13,258
Commercial real estate [Member] | Fair Value [Member]
Loans Receivable [Line Items]
Subtotal	2,005	1,876
Commercial real estate [Member] | Held for sale [Member]
Loans Receivable [Line Items]
Subtotal	660	2,609
Residential real estate [Member]
Loans Receivable [Line Items]
Subtotal	4,413	6,958
Subtotal	474	792
Residential real estate [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	3,911	6,132
Residential real estate [Member] | Fair Value [Member]
Loans Receivable [Line Items]
Subtotal	474	792
Residential real estate [Member] | Held for sale [Member]
Loans Receivable [Line Items]
Subtotal	28	34
Installment [Member]
Loans Receivable [Line Items]
Subtotal	4,826	4,747
Installment [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	4,826	4,747
Credit cards [Member]
Loans Receivable [Line Items]
Subtotal	2,081	1,858
Credit cards [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	2,081	1,858
Other Loans [Member]
Loans Receivable [Line Items]
Subtotal	5,624	4,792
Subtotal	601	670
Other Loans [Member] | Amortized cost [Member]
Loans Receivable [Line Items]
Subtotal	4,472	3,396
Other Loans [Member] | Fair Value [Member]
Loans Receivable [Line Items]
Subtotal	601	670
Other Loans [Member] | Held for sale [Member]
Loans Receivable [Line Items]
Subtotal	$ 551	$ 726

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Loans Receivable [Line Items]
Gains/(Losses) as a result of changes in the fair value	$ 5,871	$ (4,321)
Impaired loans receivable (excluding PCI loans) on non-accrual status	$ 2,021		$ 1,530
Percentage of loans that were rated pass/non-criticized	91.00%		91.00%
PCI Loans [Member]
Loans Receivable [Line Items]
Loans accounted for at amortized cost included PCI loans, carrying value			$ 1,620
Loans accounted for at amortized cost included PCI loans, outstanding principal balance			3,230
Loans accounted for at amortized cost included PCI loans, accretable yield			220
Financial Asset, Equal to or Greater than 30 Days Past Due [Member]
Loans Receivable [Line Items]
Impaired loans receivable (excluding PCI loans) on non-accrual status	$ 502		$ 429
Wholesale [Member]
Loans Receivable [Line Items]
Allowance for loan losses as a percentage of total gross loans receivable	1.80%		1.10%
Annualized net charge-offs as a percentage of average total gross loans receivable	0.20%		0.20%
Nonaccrual loans, for which allowance for credit losses was measured	$ 1,990		$ 1,490
Nonaccrual loans, allowance for credit losses	327		207
Nonaccrual loans, for which no allowance for credit losses required	$ 543		$ 754
Consumer [Member]
Loans Receivable [Line Items]
Allowance for loan losses as a percentage of total gross loans receivable	13.40%		6.00%
Annualized net charge-offs as a percentage of average total gross loans receivable	4.80%		6.20%
Other Principal Transactions [Member]
Loans Receivable [Line Items]
Gains/(Losses) as a result of changes in the fair value	$ (27)	102
Corporate [Member]
Loans Receivable [Line Items]
Net unrealized gains / (losses) on assets	(11)	(14)
Impaired loans receivable (excluding PCI loans) on non-accrual status	1,622		$ 1,122
Net realized gains / (losses) on assets	10	2
Loans modified in troubled debt restructuring	302		$ 251
Level 3 [Member]
Loans Receivable [Line Items]
Net gains / (losses) on assets	27	27
Level 3 [Member] | Interest Income [Member]
Loans Receivable [Line Items]
Net gains / (losses) on assets	17	14
Level 3 [Member] | Loans Non Trading [Member]
Loans Receivable [Line Items]
Net unrealized gains / (losses) on assets	54	1
Net realized gains / (losses) on assets	27	26
Level 3 [Member] | Other Principal Transactions [Member]
Loans Receivable [Line Items]
Net gains / (losses) on assets	$ (44)	$ 13

Loans - Summary of Concentratio

Loans - Summary of Concentration of Secured and Unsecured Loans (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 131,321	$ 110,345
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 13,829	$ 14,386
Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 68,530	$ 46,307
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 2,915	$ 3,224
Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 29,017	$ 27,940
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 7,834	$ 7,824
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 16,830	$ 17,743
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 2,005	$ 1,876
Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 4,413	$ 6,958
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 474	$ 792
Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 4,826	$ 4,747
Concentration Risk,Percentage	100.00%	100.00%
Credit Card Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 2,081	$ 1,858
Concentration Risk,Percentage	100.00%	100.00%
Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 5,624	$ 4,792
Concentration Risk,Percentage	100.00%	100.00%
Loans receivable at fair value	$ 601	$ 670
Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 131,321	$ 110,345
Concentration Risk,Percentage	100.00%	100.00%
Internally rated loans [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 68,530	$ 46,307
Internally rated loans [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	29,017	27,940
Internally rated loans [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,830	17,743
Internally rated loans [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,413	6,958
Internally rated loans [Member] | Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,826	4,747
Internally rated loans [Member] | Credit Card Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,081	1,858
Internally rated loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 5,624	$ 4,792
Secured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	78.00%	83.00%
Unsecured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	22.00%	17.00%
Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 114,335	$ 90,636
Loans receivable at fair value	108,637	89,186
Amortized cost [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	63,697	41,129
Amortized cost [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	21,183	20,116
Amortized cost [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	14,165	13,258
Amortized cost [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	3,911	6,132
Amortized cost [Member] | Credit Card Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,081	1,858
Amortized cost [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,472	3,396
Fair Value [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	13,829	14,386
Fair Value [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	2,915	3,224
Fair Value [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	7,834	7,824
Fair Value [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	2,005	1,876
Fair Value [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	474	792
Fair Value [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	601	670
Fair Value [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	13,829	14,386
Held for sale [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	3,157	5,323
Loans receivable at fair value	3,210	5,409
Held for sale [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	1,918	1,954
Held for sale [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	660	2,609
Held for sale [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	28	34
Held for sale [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	551	726
Held for sale [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	3,157	5,323
Loans Receivable [Member] | Amortized cost [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,335	90,636
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 43,280	$ 33,433
Concentration Risk,Percentage	100.00%	100.00%
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 18,972	$ 10,507
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	20,393	20,001
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	478	306
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	259	244
Loans Receivable [Member] | Investment-Grade [Member] | Internally rated loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 3,178	$ 2,375
Loans Receivable [Member] | Investment-Grade [Member] | Secured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	67.00%	83.00%
Loans Receivable [Member] | Investment-Grade [Member] | Unsecured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	33.00%	17.00%
Loans Receivable [Member] | Investment-Grade [Member] | Amortized cost [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 40,637	$ 30,266
Loans Receivable [Member] | Investment-Grade [Member] | Fair Value [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	2,386	2,844
Loans Receivable [Member] | Investment-Grade [Member] | Held for sale [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	257	323
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 71,081	$ 60,764
Concentration Risk,Percentage	100.00%	100.00%
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 49,050	$ 35,509
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,275	3,576
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	14,179	15,997
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,875	4,600
Loans Receivable [Member] | Non-Investment-Grade [Member] | Internally rated loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 702	$ 1,082
Loans Receivable [Member] | Non-Investment-Grade [Member] | Secured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	90.00%	91.00%
Loans Receivable [Member] | Non-Investment-Grade [Member] | Unsecured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	10.00%	9.00%
Loans Receivable [Member] | Non-Investment-Grade [Member] | Amortized cost [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 64,397	$ 51,222
Loans Receivable [Member] | Non-Investment-Grade [Member] | Fair Value [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	4,640	5,174
Loans Receivable [Member] | Non-Investment-Grade [Member] | Held for sale [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	2,044	4,368
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 16,960	$ 16,148
Concentration Risk,Percentage	100.00%	100.00%
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 508	$ 291
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Wealth management [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,349	4,363
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,173	1,440
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,279	2,114
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,826	4,747
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Credit Card Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,081	1,858
Loans Receivable [Member] | Unrated/Other [Member] | Internally rated loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 1,744	$ 1,335
Loans Receivable [Member] | Unrated/Other [Member] | Secured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	54.00%	54.00%
Loans Receivable [Member] | Unrated/Other [Member] | Unsecured Loans [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Concentration Risk,Percentage	46.00%	46.00%
Loans Receivable [Member] | Unrated/Other [Member] | Amortized cost [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 9,301	$ 9,148
Loans Receivable [Member] | Unrated/Other [Member] | Fair Value [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable at fair value	6,803	6,368
Loans Receivable [Member] | Unrated/Other [Member] | Held for sale [Member] | Internally rated loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable Held-for-sale, Amount	$ 856	$ 632

Loans - Summary of Consumer Loa

Loans - Summary of Consumer Loans by Refreshed FICO Credit Score (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 131,321	$ 110,345
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100.00%	100.00%
FICO [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 6,907	$ 6,605
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100.00%	100.00%
Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 4,826	$ 4,747
Installment [Member] | FICO [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	4,826	4,747
Credit cards [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 2,081	$ 1,858
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	100.00%	100.00%
Credit cards [Member] | FICO [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, gross	$ 2,081	$ 1,858
Greater than or equal to 660 [Member] | FICO [Member]
Financing Receivable, Recorded Investment [Line Items]
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	82.00%	85.00%
Less than 660 [Member] | FICO [Member]
Financing Receivable, Recorded Investment [Line Items]
Percentage concentration of gross installment and credit card loans by refreshed FICO credit score	18.00%	15.00%

Loans - Schedule of Credit Qual

Loans - Schedule of Credit Quality Indicators for Term Loans by Origination Year (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	$ 131,321	$ 110,345
Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	114,335	90,636
Amortized cost [Member] | All Classes Except Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	107,428
Investment-Grade [Member] | All Classes Except Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	40,637
Non-Investment-Grade [Member] | All Classes Except Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	64,397
Other/Unrated [Member] | All Classes Except Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	2,394
Corporate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	68,530	$ 46,307
Corporate [Member] | Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	3,673
2019	9,747
2018	6,660
2017	4,860
2016	1,791
2015 or earlier	3,083
Revolving	33,883
Loans, gross	63,697
Corporate [Member] | Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	1,151
2019	1,648
2018	2,383
2017	883
2016	165
2015 or earlier	435
Revolving	11,617
Loans, gross	18,282
Corporate [Member] | Non-Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	2,522
2019	8,081
2018	4,277
2017	3,977
2016	1,626
2015 or earlier	2,648
Revolving	22,240
Loans, gross	45,371
Corporate [Member] | Other/Unrated [Member]
Financing Receivable, Recorded Investment [Line Items]
2019	18
Revolving	26
Loans, gross	44
Wealth management [Member] | Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	217
2019	930
2018	483
2017	475
2016	95
2015 or earlier	748
Revolving	18,235
Loans, gross	21,183
Wealth management [Member] | Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	172
2019	532
2018	393
2017	400
2016	30
2015 or earlier	540
Revolving	16,663
Loans, gross	18,730
Wealth management [Member] | Non-Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	45
2019	398
2018	90
2017	75
2016	65
2015 or earlier	208
Revolving	1,557
Loans, gross	2,438
Wealth management [Member] | Other/Unrated [Member]
Financing Receivable, Recorded Investment [Line Items]
Revolving	15
Loans, gross	15
Commercial real estate [Member] | Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	696
2019	1,954
2018	2,698
2017	1,761
2016	192
2015 or earlier	1,280
Revolving	5,584
Loans, gross	14,165
Commercial real estate [Member] | Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2019	57
2018	195
2017	18
Loans, gross	270
Commercial real estate [Member] | Non-Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	632
2019	1,870
2018	2,484
2017	1,718
2016	180
2015 or earlier	589
Revolving	5,584
Loans, gross	13,057
Commercial real estate [Member] | Other/Unrated [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	64
2019	27
2018	19
2017	25
2016	12
2015 or earlier	691
Loans, gross	838
Residential real estate [Member] | Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	110
2019	958
2018	485
2017	443
2016	524
2015 or earlier	70
Revolving	1,321
Loans, gross	3,911
Residential real estate [Member] | Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2017	179
Revolving	79
Loans, gross	258
Residential real estate [Member] | Non-Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	92
2019	707
2018	169
2017	95
2016	524
Revolving	1,242
Loans, gross	2,829
Residential real estate [Member] | Other/Unrated [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	18
2019	251
2018	316
2017	169
2015 or earlier	70
Loans, gross	824
Installment and Credit Cards [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	723
2019	2,043
2018	1,686
2017	355
2016	19
Revolving	2,081
Loans, gross	6,907
Other [Member] | Amortized cost [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	502
2019	102
2018	66
2017	24
2016	1
2015 or earlier	3,777
Loans, gross	4,472
Other [Member] | Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2015 or earlier	3,097
Loans, gross	3,097
Other [Member] | Non-Investment-Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	22
2019	45
2018	53
2017	19
2016	1
2015 or earlier	562
Loans, gross	702
Other [Member] | Other/Unrated [Member]
Financing Receivable, Recorded Investment [Line Items]
2020	480
2019	57
2018	13
2017	5
2015 or earlier	118
Loans, gross	$ 673

Loans - Summary of Credit Conce

Loans - Summary of Credit Concentration by Region (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 131,321	$ 110,345
Concentration Risk,Percentage	100.00%	100.00%
Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	75.00%	73.00%
Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	19.00%	21.00%
Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	6.00%	6.00%
Corporate [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 68,530	$ 46,307
Concentration Risk,Percentage	100.00%	100.00%
Corporate [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	67.00%	60.00%
Corporate [Member] | Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	26.00%	31.00%
Corporate [Member] | Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	7.00%	9.00%
Wealth management [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 29,017	$ 27,940
Concentration Risk,Percentage	100.00%	100.00%
Wealth management [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	88.00%	88.00%
Wealth management [Member] | Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	9.00%	9.00%
Wealth management [Member] | Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	3.00%	3.00%
Commercial real estate [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 16,830	$ 17,743
Concentration Risk,Percentage	100.00%	100.00%
Commercial real estate [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	69.00%	69.00%
Commercial real estate [Member] | Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	21.00%	21.00%
Commercial real estate [Member] | Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	10.00%	10.00%
Residential real estate [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 4,413	$ 6,958
Concentration Risk,Percentage	100.00%	100.00%
Residential real estate [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	87.00%	90.00%
Residential real estate [Member] | Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	11.00%	9.00%
Residential real estate [Member] | Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	2.00%	1.00%
Installment [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 4,826	$ 4,747
Concentration Risk,Percentage	100.00%	100.00%
Installment [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	100.00%	100.00%
Credit cards [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 2,081	$ 1,858
Concentration Risk,Percentage	100.00%	100.00%
Credit cards [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	100.00%	100.00%
Other [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 5,624	$ 4,792
Concentration Risk,Percentage	100.00%	100.00%
Other [Member] | Americas [Member]
Product Information [Line Items]
Concentration Risk,Percentage	87.00%	87.00%
Other [Member] | Europe, Middle East and Africa [Member]
Product Information [Line Items]
Concentration Risk,Percentage	12.00%	12.00%
Other [Member] | Asia [Member]
Product Information [Line Items]
Concentration Risk,Percentage	1.00%	1.00%

Loans - Summary of Concentrat_2

Loans - Summary of Concentration of Corporate Loans (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 131,321	$ 110,345
Concentration Risk,Percentage	100.00%	100.00%
Corporate Loans [Member]
Product Information [Line Items]
Loans and Leases Receivable, Gross	$ 68,530	$ 46,307
Consumer, Retail & Healthcare [Member]
Product Information [Line Items]
Concentration Risk,Percentage	17.00%	15.00%
Diversified Industrials [Member]
Product Information [Line Items]
Concentration Risk,Percentage	22.00%	17.00%
Financial Institutions [Member]
Product Information [Line Items]
Concentration Risk,Percentage	9.00%	10.00%
Funds [Member]
Product Information [Line Items]
Concentration Risk,Percentage	6.00%	9.00%
Natural Resources & Utilities [Member]
Product Information [Line Items]
Concentration Risk,Percentage	11.00%	12.00%
Real Estate [Member]
Product Information [Line Items]
Concentration Risk,Percentage	8.00%	7.00%
Technology, Media & Telecommunications [Member]
Product Information [Line Items]
Concentration Risk,Percentage	18.00%	17.00%
Other [Member]
Product Information [Line Items]
Concentration Risk,Percentage	9.00%	13.00%

Loans - Summary of Credit Con_2

Loans - Summary of Credit Concentration by Region US States (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Product Information [Line Items]
Loans	$ 131,321	$ 110,345
Percentage concentration of gross loans by U.S. State	100.00%	100.00%
Installment [Member]
Product Information [Line Items]
Loans	$ 4,826	$ 4,747
Percentage concentration of gross loans by U.S. State	100.00%	100.00%
Installment [Member] | California [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	12.00%	12.00%
Installment [Member] | Texas [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	9.00%	9.00%
Installment [Member] | New York [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	7.00%	7.00%
Installment [Member] | Florida [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	7.00%	7.00%
Installment [Member] | Illinois [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	4.00%	4.00%
Installment [Member] | Other [member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	61.00%	61.00%
Credit cards [Member]
Product Information [Line Items]
Loans	$ 2,081	$ 1,858
Percentage concentration of gross loans by U.S. State	100.00%	100.00%
Credit cards [Member] | California [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	20.00%	21.00%
Credit cards [Member] | Texas [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	9.00%	9.00%
Credit cards [Member] | New York [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	8.00%	8.00%
Credit cards [Member] | Florida [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	8.00%	8.00%
Credit cards [Member] | Illinois [Member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	4.00%	4.00%
Credit cards [Member] | Other [member]
Product Information [Line Items]
Percentage concentration of gross loans by U.S. State	51.00%	50.00%

Loans - Summary of Financing re

Loans - Summary of Financing receivable, past due (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 700	$ 627
Past due loans divided by gross loans at amortized cost	0.60%	0.70%
Corporate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 238	$ 239
Wealth management [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	36	28
Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	218	177
Residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	34	37
Installment [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	88	100
Credit Card Receivable [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	74	39
Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	12	7
30-89 days [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	335	395
30-89 days [Member] | Corporate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	66	197
30-89 days [Member] | Wealth management [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	20	13
30-89 days [Member] | Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	127	54
30-89 days [Member] | Residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	11	19
30-89 days [Member] | Installment [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	65	71
30-89 days [Member] | Credit Card Receivable [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	35	35
30-89 days [Member] | Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	11	6
90 days or more [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	365	232
90 days or more [Member] | Corporate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	172	42
90 days or more [Member] | Wealth management [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	16	15
90 days or more [Member] | Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	91	123
90 days or more [Member] | Residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	23	18
90 days or more [Member] | Installment [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	23	29
90 days or more [Member] | Credit Card Receivable [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	39	4
90 days or more [Member] | Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 1	$ 1

Loans - Impaired Financing Rece

Loans - Impaired Financing Receivables (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	$ 2,021	$ 1,530
Nonaccrual loans divided by gross loans at amortized cost	1.80%	1.70%
Corporate [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	$ 1,622	$ 1,122
Wealth management [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	53	52
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	155	175
Residential real estate [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	156	143
Installment [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual loans	$ 35	$ 38

Loans - Summary of Loans and Le

Loans - Summary of Loans and Lending Commitments Accounted for at Amortized Cost by Portfolio (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 131,321	$ 110,345
Lending commitments	133,501	150,100
Corporate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	68,530	46,307
Wealth management [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	29,017	27,940
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,830	17,743
Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,413	6,958
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,624	4,792
Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,826	4,747
Credit cards [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,081	1,858
PCI [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,622
Wholesale Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	114,335	90,636
Lending commitments	133,501	150,100
Wholesale Portfolio Segment [Member] | Corporate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	63,697	41,129
Lending commitments	107,403	127,226
Wholesale Portfolio Segment [Member] | Wealth management [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	21,183	20,116
Lending commitments	2,441	2,198
Wholesale Portfolio Segment [Member] | Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14,165	12,803
Lending commitments	2,886	3,207
Wholesale Portfolio Segment [Member] | Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,911	4,965
Lending commitments	1,293	759
Wholesale Portfolio Segment [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,472	3,396
Lending commitments	3,021	3,029
Consumer Portfolio Segment [Member] | Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,826	4,747
Lending commitments	10	12
Consumer Portfolio Segment [Member] | Credit cards [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,081	1,858
Lending commitments	$ 16,447	$ 13,669

Loans - Summary of Changes in A

Loans - Summary of Changes in Allowance for Credit Losses (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Allowance for loan losses
Balance, beginning of period	$ 1,441	$ 1,066
Impact of CECL adoption	727
Beginning balance, adjusted	2,168
Net charge-offs	(131)	(490)
Provision	915	990
Other	(84)	(125)
Balance, end of period	2,868	1,441
Allowance for losses on lending commitments
Balance, beginning of period	361	286
Impact of CECL adoption	(48)
Beginning balance, adjusted	313
Provision	22	75
Balance, end of period	335	361
Wholesale [Member]
Allowance for loan losses
Balance, beginning of period	879	658
Impact of CECL adoption	452
Beginning balance, adjusted	1,331
Net charge-offs	(50)	(121)
Provision	746	469
Other	(84)	(127)
Balance, end of period	1,943	879
Allowance for losses on lending commitments
Balance, beginning of period	361	286
Impact of CECL adoption	(48)
Beginning balance, adjusted	313
Provision	22	75
Balance, end of period	335	361
Consumer [Member]
Allowance for loan losses
Balance, beginning of period	393	292
Impact of CECL adoption	444
Beginning balance, adjusted	837
Net charge-offs	(81)	(317)
Provision	169	418
Balance, end of period	925	393
PCI [Member]
Allowance for loan losses
Balance, beginning of period	169	116
Impact of CECL adoption	$ (169)
Net charge-offs		(52)
Provision		103
Other		2
Balance, end of period		$ 169

Loans - Fair value of loans hel

Loans - Fair value of loans held for investment by level (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	$ 13,829	$ 14,386
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	11,076	12,496
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	2,753	1,890
Corporate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	2,915	3,224
Corporate [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,871	2,472
Corporate [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,044	752
Wealth management [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	7,834	7,824
Wealth management [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	7,773	7,764
Wealth management [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	61	60
Commercial real estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	2,005	1,876
Commercial real estate [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	942	1,285
Commercial real estate [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,063	591
Residential real estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	474	792
Residential real estate [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	214	571
Residential real estate [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	260	221
Other Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	601	670
Other Loans [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	276	404
Other Loans [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	$ 325	$ 266

Loans - Summary of Weighted Ave

Loans - Summary of Weighted Average of Significant Unobservable Inputs (Detail) $ in Millions	Mar. 31, 2020USD ($)yr	Dec. 31, 2019USD ($)yr
Loans receivable at fair value | $	$ 13,829	$ 14,386
Level 3 [Member]
Loans receivable at fair value | $	2,753	1,890
Corporate [Member]
Loans receivable at fair value | $	2,915	3,224
Corporate [Member] | Level 3 [Member]
Loans receivable at fair value | $	1,044	752
Commercial real estate [Member]
Loans receivable at fair value | $	2,005	1,876
Commercial real estate [Member] | Level 3 [Member]
Loans receivable at fair value | $	1,063	591
Residential real estate [Member]
Loans receivable at fair value | $	474	792
Residential real estate [Member] | Level 3 [Member]
Loans receivable at fair value | $	260	221
Wealth management and other [Member] | Level 3 [Member]
Loans receivable at fair value | $	$ 386	$ 326
Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.031	0.019
Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.070	0.070
Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.016	0.011
Minimum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.027	0.039
Minimum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.151	0.135
Minimum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.067	0.059
Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	1.7	3.7
Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.3	0.2
Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	1	1.1
Minimum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	1.5	1.6
Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.263	0.263
Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.263	0.160
Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.140	0.140
Maximum [Member] | Fair Value Unobservable Inputs, Yield [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.115	0.160
Maximum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.854	0.780
Maximum [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.650	0.852
Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	4.3	5.8
Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	5.9	5.3
Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	5.2	4.8
Maximum [Member] | Fair Value Unobservable Inputs, Duration [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	5.1	6.7
Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.125	0.095
Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.112	0.093
Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.119	0.115
Weighted Average [Member] | Fair Value Unobservable Inputs, Yield [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.096	0.099
Weighted Average [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.406	0.444
Weighted Average [Member] | Fair Value Unobservable Inputs, Recovery Rate [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	0.295	0.486
Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member] | Corporate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	3.2	3.9
Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member] | Commercial real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	3.3	3.5
Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member] | Residential real estate [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	3.8	4
Weighted Average [Member] | Fair Value Unobservable Inputs, Duration [Member] | Wealth management and other [Member] | Level 3 [Member]
Loans Receivable, Measurement Input	3.2	3.7

Loans - Loans, Level 3 Rollforw

Loans - Loans, Level 3 Rollforward (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loans Receivable [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	$ 1,890	$ 1,990
Net realized gains / (losses)	27	26
Net unrealized gains/(losses)	(54)	1
Purchases	473	44
Sales	(12)	(3)
Settlements	(221)	(124)
Transfers into level 3	653	170
Transfers out of level 3	(3)	(35)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	2,753	2,069
Corporate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	752	659
Net realized gains / (losses)	10	2
Net unrealized gains/(losses)	(11)	(14)
Purchases	156	34
Sales	(7)
Settlements	(40)	(4)
Transfers into level 3	187	81
Transfers out of level 3	(3)	(32)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	1,044	726
Commercial real estate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	591	677
Net realized gains / (losses)	17	7
Net unrealized gains/(losses)	7	7
Purchases	236	1
Sales	(5)	(2)
Settlements	(115)	(47)
Transfers into level 3	332
Transfers out of level 3		(3)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	1,063	640
Residential real estate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	221	290
Net realized gains / (losses)		8
Net unrealized gains/(losses)	(17)	(2)
Purchases	42	9
Sales		(1)
Settlements	(27)	(30)
Transfers into level 3	41
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	260	274
Wealth management and other [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	326	364
Net realized gains / (losses)		9
Net unrealized gains/(losses)	(33)	10
Purchases	39
Settlements	(39)	(43)
Transfers into level 3	93	89
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$ 386	$ 429

Loans - Summary of estimated fa

Loans - Summary of estimated fair value of loans and lending commitments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Carrying Value	$ 128,453	$ 108,904
Loans, Estimated Fair Value	13,829	14,386
Level 2 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	11,076	12,496
Level 3 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	2,753	1,890
Amortized cost [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Carrying Value	111,467	89,195
Loans, Estimated Fair Value	108,637	89,186
Amortized cost [Member] | Level 2 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	54,658	52,091
Amortized cost [Member] | Level 3 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	53,979	37,095
Held for sale [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Carrying Value	3,157	5,323
Loans Receivable Held-for-sale, Amount	3,157	5,323
Loans, Estimated Fair Value	3,210	5,409
Held for sale [Member] | Level 2 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	1,646	4,157
Held for sale [Member] | Level 3 [Member]
Schedule Of Estimated Fair Value Of Loans And Lending Commitments That Are Not Accounted For At Fair Value [Line Items]
Loans, Estimated Fair Value	$ 1,564	$ 1,252

Fair Value Option - Financial A

Fair Value Option - Financial Assets and Financial Liabilities by Level (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	$ 132,333	$ 85,691
Securities borrowed	29,771	26,279
Customer and other receivables	53	53
Total financial assets at fair value	162,157	112,023
Deposits	(24,722)	(17,765)
Repurchase agreements	(95,864)	(117,756)
Securities loaned	(1,148)	(714)
Other secured financings	(29,991)	(18,071)
Unsecured borrowings Short-term	(18,983)	(26,007)
Unsecured borrowings Long-term	(43,313)	(43,661)
Other liabilities	(327)	(150)
Total financial liabilities at fair value	(214,348)	(224,124)
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Resale agreements	132,333	85,691
Securities borrowed	29,771	26,279
Customer and other receivables	53	53
Total financial assets at fair value	162,157	112,023
Deposits	(20,726)	(13,742)
Repurchase agreements	(95,852)	(117,726)
Securities loaned	(1,148)	(714)
Other secured financings	(28,761)	(17,685)
Unsecured borrowings Short-term	(13,572)	(20,300)
Unsecured borrowings Long-term	(32,637)	(32,920)
Other liabilities	(2)	(1)
Total financial liabilities at fair value	(192,698)	(203,088)
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets at fair value	30,776	23,068
Deposits	(3,996)	(4,023)
Repurchase agreements	(12)	(30)
Other secured financings	(1,230)	(386)
Unsecured borrowings Short-term	(5,411)	(5,707)
Unsecured borrowings Long-term	(10,676)	(10,741)
Other liabilities	(325)	(149)
Total financial liabilities at fair value	$ (21,650)	$ (21,036)

Fair Value Option - Level 3 Rol

Fair Value Option - Level 3 Rollforward (Detail) - Other Financial Liabilities [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	$ (21,036)	$ (19,397)
Net realized gains / (losses)	(130)	(79)
Net unrealized gains/(losses)	3,160	(1,494)
Issuances	(7,643)	(3,036)
Settlements	5,157	3,307
Transfers into level 3	(1,596)	(571)
Transfers out of level 3	438	351
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(21,650)	(20,919)
Deposits at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(4,023)	(3,168)
Net realized gains / (losses)	(11)	(1)
Net unrealized gains/(losses)	117	(142)
Issuances	(335)	(197)
Settlements	309	111
Transfers into level 3	(121)	(16)
Transfers out of level 3	68	62
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(3,996)	(3,351)
Repurchase Agreements at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(30)	(29)
Net unrealized gains/(losses)	3	(4)
Settlements	15	4
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(12)	(29)
Other Secured Financings at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(386)	(170)
Net realized gains / (losses)	(44)	11
Net unrealized gains/(losses)	107	(10)
Issuances	(14)	(11)
Settlements	92	8
Transfers into level 3	(985)	(20)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(1,230)	(192)
Unsecured Short-Term Borrowings Including Current Portion of Unsecured Long-Term Borrowings at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(5,707)	(4,076)
Net realized gains / (losses)	(11)	7
Net unrealized gains/(losses)	1,538	(425)
Issuances	(3,954)	(2,155)
Settlements	2,718	1,344
Transfers into level 3	(270)	(338)
Transfers out of level 3	275	130
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(5,411)	(5,513)
Unsecured Long-Term Borrowings at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(10,741)	(11,823)
Net realized gains / (losses)	(72)	(103)
Net unrealized gains/(losses)	1,571	(912)
Issuances	(3,332)	(666)
Settlements	2,023	1,840
Transfers into level 3	(220)	(197)
Transfers out of level 3	95	159
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	(10,676)	(11,702)
Other Liabilities at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	(149)	(131)
Net realized gains / (losses)	8	7
Net unrealized gains/(losses)	(176)	(1)
Issuances	(8)	(7)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	$ (325)	$ (132)

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Fair Value [Line Items]
Total contractual amount of unfunded commitments for which the fair value option was elected	$ 2,330		$ 1,550
Difference between aggregate contractual principal amount of long-term debt instruments for which the fair value option was elected and related fair value	546
Net Gains (Losses) Attributable to the Impact of Changes in Instrument-Specific Credit Spreads on Loans and Lending Commitments For Which the Fair Value Option Was Elected	(194)	$ 77
Unsecured Long-Term Borrowings at Fair Value [Member]
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	$ 823		$ 199
Minimum [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value [Line Items]
Other secured financing measurement input	2.2
Minimum [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value [Line Items]
Other secured financing measurement input			3.3
Minimum [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value [Line Items]
Other secured financing measurement input	0.4		0.6
Maximum [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value [Line Items]
Other secured financing measurement input	4.2		4.2
Maximum [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value [Line Items]
Other secured financing measurement input	3.8		2.1
Weighted Average [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Yield [Member]
Fair Value [Line Items]
Other secured financing measurement input	2.6		3.5
Weighted Average [Member] | Other Secured Financings at Fair Value [Member] | Level 3 [Member] | Fair Value Unobservable Inputs, Duration [Member]
Fair Value [Line Items]
Other secured financing measurement input	3.3		1
Other Financial Liabilities [Member]
Fair Value [Line Items]
Gains/(Losses) on liabilities	$ 3,030	1,570
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of earnings	(130)	(79)
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of comprehensive income	3,160	(1,494)
Other Financial Liabilities [Member] | Unsecured Long-Term Borrowings at Fair Value [Member]
Fair Value [Line Items]
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of earnings	(72)	(103)
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of comprehensive income	1,571	(912)
Other Financial Liabilities [Member] | Other Secured Financings at Fair Value [Member]
Fair Value [Line Items]
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of earnings	(44)	11
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of comprehensive income	107	(10)
Other Financial Liabilities [Member] | Debt Valuation Adjustment [Member]
Fair Value [Line Items]
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of comprehensive income	974	350
Other Financial Liabilities [Member] | Market making [Member]
Fair Value [Line Items]
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of earnings	1,990	1,220
Other Financial Liabilities [Member] | Other Principal Transactions [Member]
Fair Value [Line Items]
Fair Value, Measured on Recurring Basis, Gains/(Losses) Included in condensed consolidated statements of earnings	64	$ 1
Written Loan Commitment, Fair Value Option [Member]
Fair Value [Line Items]
Fair value of unfunded commitments for which the fair value option was elected	$ 6		$ 24

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
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Option Gains/(Losses)	$ 5,871	$ (4,321)
Unsecured Short-Term Borrowings Including Current Portion of Unsecured Long-Term Borrowings at Fair Value [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Option Gains/(Losses)	4,481	(1,616)
Unsecured Long-Term Borrowings at Fair Value [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Option Gains/(Losses)	992	(2,229)
Fair Value Option Other [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Option Gains/(Losses)	$ 398	$ (476)

Fair Value Option - Loans and L

Fair Value Option - Loans and Lending Commitments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Aggregate contractual principal amount of performing loans and long-term receivables in excess of fair value	$ 719	$ 809
Loans on nonaccrual status and/or more than 90 days past due Aggregate contractual principal in excess of fair value	8,591	6,703
Aggregate fair value	$ 3,472	$ 2,776

Fair Value Option - Summary of

Fair Value Option - Summary of DVA Losses on Financial Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Option, Quantitative Disclosures [Line Items]
DVA (net of tax)	$ 2,914	$ (1,417)
Other Financial Liabilities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
DVA (pre-tax)	3,871	(1,889)
DVA (net of tax)	$ 2,914	$ (1,417)

Collateralized Agreements and_3

Collateralized Agreements and Financings - Resale and Repurchase Agreements and Securities Borrowed and Loaned Transactions (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Resale agreements	$ 132,333	$ 85,691
Securities borrowed	121,670	136,071
Repurchase agreements	95,864	117,756
Securities loaned	$ 13,869	$ 14,985

Collateralized Agreements and_4

Collateralized Agreements and Financings - Resale and Repurchase Agreements and Securities Borrowed and Loaned Transactions (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Securities borrowed at fair value	$ 29,771	$ 26,279
Securities loaned at fair value	$ 1,148	$ 714

Collateralized Agreements and_5

Collateralized Agreements and Financings - Offsetting Arrangements (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Resale agreements, Gross carrying value	$ 199,157	$ 152,982
Resale agreements, Counterparty Netting	(66,824)	(67,291)
Resale agreements	132,333	85,691
Resale agreements, Counterparty Netting	(7,393)	(3,058)
Resale agreements, Collateral	(121,885)	(78,528)
Resale agreements	3,055	4,105
Securities borrowed, Gross carrying value	125,340	140,677
Securities borrowed, Counterparty Netting	(3,670)	(4,606)
Securities borrowed	121,670	136,071
Securities borrowed, Counterparty Netting	(4,043)	(2,211)
Securities borrowed, Collateral	(110,661)	(127,901)
Securities borrowed	6,966	5,959
Repurchase agreements, Gross carrying value	162,688	185,047
Repurchase agreements, Counterparty Netting	(66,824)	(67,291)
Repurchase agreements	95,864	117,756
Repurchase agreements, Counterparty Netting	(7,393)	(3,058)
Repurchase agreements, Collateral	(87,681)	(114,065)
Repurchase agreements	790	633
Securities loaned, Gross carrying value	17,539	19,591
Securities loaned, Counterparty Netting	(3,670)	(4,606)
Securities loaned	13,869	14,985
Securities loaned, Counterparty Netting	(4,043)	(2,211)
Securities loaned, Collateral	$ (9,826)	(12,614)
Securities loaned		$ 160

Collateralized Agreements and_6

Collateralized Agreements and Financings - Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting Liabilities [Line Items]
Repurchase agreements	$ 162,688	$ 185,047
Securities loaned	17,539	19,591
Money market instruments [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	719	158
U.S. Government and Agency Obligations [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	81,270	112,903
Securities loaned	0
Non-U.S. Government and Agency Obligations [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	61,443	55,575
Securities loaned	1,032	1,051
Securities Backed By Commercial Real Estate [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	60	210
Securities loaned	0
Securities Backed By Residential Real Estate [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	450	1,079
Corporate debt securities [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	6,875	6,857
Securities loaned	74	122
State and Municipal Obligations [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	222	242
Other debt obligations [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	1,061	196
Equity Securities [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	10,588	7,827
Securities loaned	$ 16,433	$ 18,418

Collateralized Agreements and_7

Collateralized Agreements and Financings - Schedule of Repurchase Agreements and Securities Loaned (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting Liabilities [Line Items]
Repurchase agreements	$ 162,688	$ 185,047
Securities loaned	17,539	$ 19,591
No Stated Maturity and Overnight [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	42,764
Securities loaned	13,522
2 - 30 Days [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	68,223
Securities loaned	0
31 - 90 Days [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	29,421
Securities loaned	972
91 Days - 1 Year [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	20,504
Securities loaned	3,045
Greater than 1 Year [Member]
Offsetting Liabilities [Line Items]
Repurchase agreements	1,776
Securities loaned	$ 0

Collateralized Agreements and_8

Collateralized Agreements and Financings - Other Secured Financings (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Secured Financings [Line Items]
Other Secured Financings Short Term At Fair Value	$ 17,973	$ 7,195
Other Secured Financings Short Term At Amortized Cost	6,123	129
Other Secured Financings Long Term At Fair Value	12,018	10,876
Other Secured Financings Long Term At Amortized Cost	1,082	1,077
Total other secured financings	37,196	19,277
Other secured financings collateralized by financial instruments	28,323	12,015
Other secured financings collateralized by other assets	8,873	7,262
U.S. Dollar [Member]
Other Secured Financings [Line Items]
Other Secured Financings Short Term At Fair Value	13,248	2,754
Other Secured Financings Short Term At Amortized Cost	6,123	129
Other Secured Financings Long Term At Fair Value	6,665	7,402
Other Secured Financings Long Term At Amortized Cost	396	397
Total other secured financings	26,432	10,682
Other secured financings collateralized by financial instruments	19,694	4,826
Other secured financings collateralized by other assets	6,738	5,856
Non-U.S. Dollar [Member]
Other Secured Financings [Line Items]
Other Secured Financings Short Term At Fair Value	4,725	4,441
Other Secured Financings Short Term At Amortized Cost	0
Other Secured Financings Long Term At Fair Value	5,353	3,474
Other Secured Financings Long Term At Amortized Cost	686	680
Total other secured financings	10,764	8,595
Other secured financings collateralized by financial instruments	8,629	7,189
Other secured financings collateralized by other assets	$ 2,135	$ 1,406

Collateralized Agreements and_9

Collateralized Agreements and Financings - Other Secured Financings (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Secured Financings [Line Items]
Nonrecourse obligations included in other secured financings	$ 18,020	$ 10,910
Transfers of financial assets accounted for as financings included in other secured financings	1,480	2,160
Financial assets collateralizing other secured financings related to failed sales	1,380	2,210
Other secured financings collateralized by financial instruments owned	24,620	9,090
Other secured financings collateralized by financial instruments received as collateral and repledged	$ 3,700	$ 2,930
U.S. Dollar [Member]
Other Secured Financings [Line Items]
Weighted average interest rates	2.79%	2.79%
Weighted average interest rates	0.32%	4.32%

Collateralized Agreements an_10

Collateralized Agreements and Financings - Other Secured Financings by Maturity Date (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Secured Financings By Maturity Period [Line Items]
Other secured financings (short-term)	$ 24,096
Total other secured financings (long-term)	13,100
Total other secured financings	37,196	$ 19,277
Other secured financings (long-term) [Member]
Other Secured Financings By Maturity Period [Line Items]
2021	3,460
2022	2,589
2023	1,606
2024	1,490
2025	492
2026 - thereafter	$ 3,463

Collateralized Agreements an_11

Collateralized Agreements and Financings - Financial Instruments Received as Collateral and Repledged (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Financial instruments at fair value received as collateral by the firm that it was permitted to deliver or repledge	$ 689,662	$ 661,490
Financial instruments at fair value received as collateral which the firm delivered or repledged	$ 557,726	$ 558,634

Collateralized Agreements an_12

Collateralized Agreements and Financings - Financial Instruments Received as Collateral and Repledged (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Securities received under resale agreements and securities borrowed transactions segregated to satisfy certain regulatory requirements	$ 14,650	$ 6,150
Securities segregated for regulatory and other purposes	$ 39,320	$ 20,610

Collateralized Agreements an_13

Collateralized Agreements and Financings - Assets pledged as collateral (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Collateralized Agreements And Financings [Abstract]
Trading assets owned pledged in connection with repurchase agreements, securities lending agreements and other secured financings to counterparties that had the right to deliver or repledge	$ 59,128	$ 66,605
Investments pledged to counterparties that Had the right to deliver or repledge	10,765	10,968
Trading assets owned pledged in connection with repurchase agreements, securities lending agreements and other secured financings to counterparties that did not have right to deliver or repledge	92,201	101,578
Investments pledged to counterparties that did not have the right to deliver or repledge	8,098	849
Loans pledged to counterparties that do not have the right to deliver or repledge	34,933	6,628
Other assets (substantially all real estate and cash) owned and pledged in connection with other secured financings to counterparties that did not have the right to deliver or repledge	$ 14,573	$ 12,337

Other Assets - Other Assets (De

Other Assets - Other Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Assets [Abstract]
Property, leasehold improvements and equipment	$ 23,620	$ 21,886
Goodwill and identifiable intangible assets	4,810	4,837
Operating lease right-of-use assets	2,284	2,360
Income tax-related assets	1,804	2,068
Miscellaneous receivables and other	4,201	3,731
Total	$ 36,719	$ 34,882

Other Assets - Other Assets (Pa

Other Assets - Other Assets (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Other Assets [Line Items]
Accumulated depreciation and amortization	$ 9,230	$ 9,950
Property, leasehold improvements and equipment used for operation	6,230	6,160
Foreclosed real estate included in property, leasehold improvements and equipment	$ 484	$ 521
Amortization period - Capitalized costs of software developed or obtained for internal use	3 years	3 years
Operating lease right-of-use assets	$ 2,284	$ 2,360
Investments in qualified affordable housing projects	671	606
Asset Management [Member]
Schedule Of Other Assets [Line Items]
Assets classified as held for sale	632	470
European headquarters in London [Member]
Schedule Of Other Assets [Line Items]
Operating lease right-of-use assets	$ 51	$ 712

Other Assets - Goodwill and Int

Other Assets - Goodwill and Intangible Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 4,196	$ 4,196
Identifiable Intangible Assets	614	641
Investment Banking [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	281	281
Global Markets - Fixed Income, Currency and Commodities [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	269	269
Identifiable Intangible Assets	2	3
Global Markets - Equities [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	2,508	2,508
Asset Management [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	390	390
Identifiable Intangible Assets	257	265
Consumer banking [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	48	48
Identifiable Intangible Assets	6	7
Wealth management [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	700	700
Identifiable Intangible Assets	$ 349	$ 366

Other Assets - Intangible Asset

Other Assets - Intangible Assets Disclosure (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 2,219	$ 2,217
Accumulated amortization	(1,605)	(1,576)
Net carrying value	614	641
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	1,427	1,427
Accumulated amortization	(1,055)	(1,044)
Net carrying value	372	383
Acquired leases and other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	792	790
Accumulated amortization	(550)	(532)
Net carrying value	$ 242	$ 258

Other Assets - Intangible Ass_2

Other Assets - Intangible Assets Disclosure - Additional Information (Detail) - Other [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Identifiable intangible assets	$ 34	$ 515
Identifiable intangible assets approximate weighted average remaining life in years	8 years	10 years

Other Assets - Amortization Exp

Other Assets - Amortization Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization related to identifiable intangible assets	$ 41	$ 43

Other Assets - Estimated Future

Other Assets - Estimated Future Amortization for Existing Identifiable Intangible Assets Through 2024 (Detail) $ in Millions	Mar. 31, 2020USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2020	$ 84
2021	89
2022	78
2023	72
2024	61
2025	$ 42

Deposits - Types and Sources of

Deposits - Types and Sources of the Firm's Deposits (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Deposits [Line Items]
Savings and demand	$ 132,282	$ 118,750
Time	87,712	71,269
Total	219,994	190,019
Private Bank Deposits [Member]
Deposits [Line Items]
Savings and demand	56,437	53,726
Time	2,292	2,087
Total	58,729	55,813
Consumer Deposits [Member]
Deposits [Line Items]
Savings and demand	49,843	44,973
Time	21,784	15,023
Total	71,627	59,996
Brokered Certificates Of Deposit [Member]
Deposits [Line Items]
Time	38,905	39,449
Total	38,905	39,449
Deposit Sweep Programs [Member]
Deposits [Line Items]
Savings and demand	19,082	17,760
Total	19,082	17,760
Transaction Banking [Member]
Deposits [Line Items]
Savings and demand	6,920	2,291
Time	2,260	235
Total	9,180	2,526
Other Deposits [Member]
Deposits [Line Items]
Time	22,471	14,475
Total	$ 22,471	$ 14,475

Deposits - Types and Sources _2

Deposits - Types and Sources of the Firm's Deposits (Parenthetical) (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)Arrangements	Dec. 31, 2019USD ($)
Deposits [Abstract]
Deposits at fair value	$ 24,722	$ 17,765
Weighted average maturity of time deposits	1 year 6 months	1 year 8 months 12 days
Number of deposit sweep program contractual arrangements | Arrangements	12
Deposits insured by the FDIC	$ 111,920	$ 103,980
Deposits insured by the U.K.'s Financial Services Compensation Scheme	$ 18,990	$ 15,860

Deposits - Deposits (Detail)

Deposits - Deposits (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
U.S. offices	$ 168,992	$ 150,759
Non-U.S. offices	51,002	39,260
Total	$ 219,994	$ 190,019

Deposits - Maturities of Time D

Deposits - Maturities of Time Deposits (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Time Deposits By Maturity [Line Items]
Remainder of 2020	$ 42,558
2021	19,843
2022	8,937
2023	6,610
2024	4,508
2025	2,381
2026 - thereafter	2,875
Total	87,712	$ 71,269
U.S. [Member]
Time Deposits By Maturity [Line Items]
Remainder of 2020	25,358
2021	18,487
2022	8,857
2023	6,498
2024	4,393
2025	2,155
2026 - thereafter	2,072
Total	67,820
Non-U.S. [Member]
Time Deposits By Maturity [Line Items]
Remainder of 2020	17,200
2021	1,356
2022	80
2023	112
2024	115
2025	226
2026 - thereafter	803
Total	$ 19,892

Deposits - Maturities of Time_2

Deposits - Maturities of Time Deposits (Parenthetical) (Detail) $ in Millions	Mar. 31, 2020USD ($)
Deposits [Abstract]
Total domestic time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance	$ 14,350
Total foreign time deposits in denominations that met or exceeded the applicable insurance limits, or were otherwise not covered by insurance	$ 19,520

Unsecured Borrowings - Schedule

Unsecured Borrowings - Schedule of Short Term and Long Term Unsecured Borrowings (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Short-term
Unsecured short-term borrowings	$ 37,148	$ 48,287
Long-term
Unsecured borrowings	225,476	207,076
Total	$ 262,624	$ 255,363

Unsecured Borrowings - Unsecure

Unsecured Borrowings - Unsecured Short-Term Borrowings (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Current portion of unsecured long-term borrowings	$ 22,532	$ 30,636
Hybrid financial instruments	12,635	15,814
Other unsecured short-term borrowings	1,981	1,837
Total unsecured short-term borrowings	$ 37,148	$ 48,287
Weighted average interest rate	2.22%	2.71%

Unsecured Borrowings - Unsecu_2

Unsecured Borrowings - Unsecured Long-Term Borrowings (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Fixed-rate obligations	$ 146,782	$ 129,031
Floating-rate obligations	78,694	78,045
Total	225,476	207,076
U.S. Dollar [Member]
Debt Instrument [Line Items]
Fixed-rate obligations	107,774	92,846
Floating-rate obligations	47,041	47,850
Total	154,815	140,696
Non-U.S. Dollar [Member]
Debt Instrument [Line Items]
Fixed-rate obligations	39,008	36,185
Floating-rate obligations	31,653	30,195
Total	$ 70,661	$ 66,380

Unsecured Borrowings - Unsecu_3

Unsecured Borrowings - Unsecured Long-Term Borrowings (Parenthetical) (Detail) - Unsecured Debt [Member]	Mar. 31, 2020	Dec. 31, 2019
U.S. Dollar [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	2.00%	2.00%
U.S. Dollar [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	10.04%	10.04%
U.S. Dollar [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	4.22%	3.82%
Non-U.S. Dollar [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	0.13%	0.13%
Non-U.S. Dollar [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	13.00%	13.00%
Non-U.S. Dollar [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Fixed interest rate debt obligations interest rates range	2.30%	2.33%

Unsecured Borrowings - Unsecu_4

Unsecured Borrowings - Unsecured Long-Term Borrowings by Maturity Date (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total	$ 225,476	$ 207,076
Unsecured Debt [Member]
Debt Instrument [Line Items]
2021	24,653
2022	25,114
2023	28,607
2024	19,162
2025	23,720
2026 - thereafter	104,220
Total	$ 225,476

Unsecured Borrowings - Unsecu_5

Unsecured Borrowings - Unsecured Long-Term Borrowings by Maturity Date (Parenthetical) (Detail) $ in Millions	Mar. 31, 2020USD ($)
Debt Disclosure [Abstract]
2021	$ 288
2022	(26)
2023	273
2024	762
2025	915
2026 and thereafter	11,550
Amount related to interest rate hedges on certain unsecured long-term borrowings	$ 13,760

Unsecured Borrowings - Addition

Unsecured Borrowings - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated debt maturities, range, end	Dec. 31, 2067
Minimum redemption or purchase price required	$ 253
Debt Instrument, Maturity Date Range, End	Dec. 31, 2067
Subordinated Debt [Member]
Debt Instrument [Line Items]
Subordinated debt maturities, range, start	Dec. 31, 2021	Dec. 31, 2021
Subordinated debt maturities, range, end	Dec. 31, 2045	Dec. 31, 2045
Trust Preferred Securities purchased, par amount	$ 8.1
Trust Preferred Securities purchased, carrying value	$ 12.5
Debt Instrument, Maturity Date Range, End	Dec. 31, 2045	Dec. 31, 2045
Goldman Sachs Capital I [Member]
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	976
Trust Preferred Securities, outstanding par amount	939	947
Common beneficial interests, outstanding par amount	29	$ 29
Trust Preferred Securities purchased, par amount	7.9
Trust Preferred Securities purchased, carrying value	11
Common beneficial interests delivered to the Trust	$ 0.2
Interest Rate of Junior Subordinated Debentures held by certain third parties	6.345%
Maturity date of Junior Subordinated Debentures held by certain third parties	Feb. 15, 2034
Interest Rate of Junior Subordinated Debentures issued to Trust, Fixed	6.345%
Maturity date of Junior Subordinated Debentures issued to Trust	Feb. 15, 2034

Unsecured Borrowings - Unsecu_6

Unsecured Borrowings - Unsecured Long-Term Borrowings after Hedging (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Fixed-rate obligations: At fair value	$ 1,385	$ 725
Fixed rate obligations at amortized cost	50,062	47,577
Floating-rate obligations: At fair value	41,928	42,936
Floating rate obligations at amortized cost	132,101	115,838
Total	$ 225,476	$ 207,076

Unsecured Borrowings - Unsecu_7

Unsecured Borrowings - Unsecured Long-Term Borrowings after Hedging (Parenthetical) (Detail)	Mar. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Effective weighted average interest rates for unsecured long-term borrowings, after hedging - total	2.59%	2.87%
Effective weighted average interest rates for unsecured long-term borrowings, after hedging fixed rate obligations	3.82%	3.77%
Effective weighted average interest rates for unsecured long-term borrowings, after hedging - floating rate obligations	2.08%	2.48%

Unsecured Borrowings - Subordin

Unsecured Borrowings - Subordinated Long-Term Borrowings (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total subordinated Long-term Borrowings, par amount	$ 14,765	$ 15,017
Total subordinated Long-term Borrowings	$ 20,698	$ 18,308
Effective weighted average interest rate on long-term subordinated borrowings, after hedging	3.26%	3.42%
Subordinated Debt [Member]
Debt Instrument [Line Items]
Long-term debt, par amount	$ 13,797	$ 14,041
Long-term subordinated debt outstanding	$ 19,199	$ 16,980
Effective weighted average interest rate of long-term subordinated debt, after hedging	3.30%	3.46%
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Long-term debt, par amount	$ 968	$ 976
Long-term junior subordinated debt	$ 1,499	$ 1,328
Effective weighted average interest rate of long-term junior subordinated debt, after hedging	2.71%	2.85%

Other Liabilities - Other Liabi

Other Liabilities - Other Liabilities by Type (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Compensation and benefits	$ 3,281	$ 6,889
Income tax-related liabilities	3,172	2,947
Operating lease liabilities	2,289	2,385
Noncontrolling interests	1,122	1,713
Employee interests in consolidated funds	71	81
Accrued expenses and other	8,359	7,636
Total	$ 18,294	$ 21,651

Other Liabilities - Information

Other Liabilities - Information About Operating Lease Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Remainder of 2020	$ 247
2020		$ 384
2021	307	308
2022	266	268
2023	233	235
2024	218	219
2025	192
2025 - thereafter		2,566
2026 - thereafter	2,365
Total undiscounted lease payments	3,828	3,980
Imputed interest	(1,539)	(1,595)
Total operating lease liabilities	$ 2,289	$ 2,385
Weighted average remaining lease term	18 years	18 years
Weighted average discount rate	5.07%	5.02%

Other Liabilities - Additional

Other Liabilities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
Operating lease costs	$ 113	$ 117

Securitization Activities - Amo

Securitization Activities - Amount of Financial Assets Securitized and Cash Flows Received on Retained Interests (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Transfers and Servicing of Financial Assets [Abstract]
Securitization of residential mortgages	$ 3,107	$ 3,489
Securitization of commercial mortgages	4,996	671
Securitization of other financial assets	540	172
Securitization of Financial Assets	8,643	4,332
Retained interests cash flows	$ 94	$ 93

Securitization Activities - Add

Securitization Activities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Assets securitized in a non-cash exchange for loans receivable and held-to-maturity securities	$ 174	$ 104
Net Asset related to Other Continuing Involvement	94		$ 57
Notional amount related to Other Continuing Involvement	1,440		1,200
Fair Value of Retained Interests	2,840		3,350
Other Retained Interests [Member]
Fair Value of Retained Interests	$ 156		$ 149
Weighted average life (years)	2 years 10 months 24 days		3 years 3 months 18 days
Maximum Exposure to Adverse Changes in the value of Other retained interests	$ 156		$ 149

Securitization Activities - Fir

Securitization Activities - Firms Continuing Involvement in Securitization Entities to Which Firm Sold Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding principal amount	$ 70,631	$ 67,694
Retained interests	2,846	3,372
Purchased interests	62	33
U.S. government agency-issued CMOs [Member]
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding principal amount	14,309	14,328
Retained interests	935	1,530
Purchased interests	14	3
Other Residential Mortgage-backed [Member]
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding principal amount	23,121	24,166
Retained interests	1,047	1,078
Purchased interests	25	24
Other Commercial Mortgage-backed [Member]
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding principal amount	29,350	25,588
Retained interests	708	615
Purchased interests	19	6
Corporate debt and other asset-backed [Member]
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Outstanding principal amount	3,851	3,612
Retained interests	156	$ 149
Purchased interests	$ 4

Securitization Activities - F_2

Securitization Activities - Firms Continuing Involvement in Securitization Entities to Which Firm Sold Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Transfers and Servicing of Financial Assets [Abstract]
Fair Value of Retained Interests	$ 2,840	$ 3,350

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	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
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	$ 2,840	$ 3,350
Mortgage-Backed [Member]
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	$ 2,681	$ 3,198
Weighted average life (years)	5 years 2 months 12 days	6 years
Constant prepayment rate	14.90%	12.90%
Impact of 10% adverse change	$ (23)	$ (22)
Impact of 20% adverse change	$ (44)	$ (42)
Discount rate	5.80%	4.70%
Impact of 10% adverse change	$ (50)	$ (59)
Impact of 20% adverse change	$ (97)	$ (117)

Variable Interest Entities - No

Variable Interest Entities - Nonconsolidated Variable Interest Entities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Assets in VIE	$ 128,603	$ 128,069
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets	10,390	9,526
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Liabilities	877	619
Maximum Exposure to Loss in Nonconsolidated VIEs	21,001	20,786
Retained Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	2,846	3,372
Purchased Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	2,418	901
Commitments and Guarantees, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	2,329	2,697
Derivatives, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	8,689	9,010
Debt and equity, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	4,719	4,806
Mortgage-Backed [Member]
Variable Interest Entity [Line Items]
Assets in VIE	77,153	75,354
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets	3,323	3,830
Maximum Exposure to Loss in Nonconsolidated VIEs	3,766	3,946
Mortgage-Backed [Member] | Retained Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	2,690	3,223
Mortgage-Backed [Member] | Purchased Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	631	607
Mortgage-Backed [Member] | Commitments and Guarantees, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	43	50
Mortgage-Backed [Member] | Derivatives, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	402	66
Corporate debt and other asset-backed [Member]
Variable Interest Entity [Line Items]
Assets in VIE	17,141	16,248
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets	3,598	2,040
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Liabilities	874	612
Maximum Exposure to Loss in Nonconsolidated VIEs	12,688	11,821
Corporate debt and other asset-backed [Member] | Retained Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	156	149
Corporate debt and other asset-backed [Member] | Purchased Interests, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	1,787	294
Corporate debt and other asset-backed [Member] | Commitments and Guarantees, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	1,294	1,374
Corporate debt and other asset-backed [Member] | Derivatives, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	8,201	8,849
Corporate debt and other asset-backed [Member] | Debt and equity, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	1,250	1,155
Real estate, credit- and power-related and other investing [Member]
Variable Interest Entity [Line Items]
Assets in VIE	19,442	19,602
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets	3,066	3,243
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Liabilities	3	7
Maximum Exposure to Loss in Nonconsolidated VIEs	4,093	4,543
Real estate, credit- and power-related and other investing [Member] | Commitments and Guarantees, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	944	1,213
Real estate, credit- and power-related and other investing [Member] | Derivatives, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	83	92
Real estate, credit- and power-related and other investing [Member] | Debt and equity, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	3,066	3,238
Investment In Funds [Member]
Variable Interest Entity [Line Items]
Assets in VIE	14,867	16,865
Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets	403	413
Maximum Exposure to Loss in Nonconsolidated VIEs	454	476
Investment In Funds [Member] | Commitments and Guarantees, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	48	60
Investment In Funds [Member] | Derivatives, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	3	3
Investment In Funds [Member] | Debt and equity, Maximum Exposure to Loss [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss in Nonconsolidated VIEs	$ 403	$ 413

Variable Interest Entities - Co

Variable Interest Entities - Consolidated Variable Interest Entities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 105,489	$ 133,546	$ 87,884	$ 130,547
Trading assets	375,471	355,332
Investments	68,694	63,937
Loans	128,453	108,904
Other assets	36,719	34,882
Total assets	1,089,756	992,968
Liabilities
Other secured financings	37,196	19,277
Customer and other payables	213,178	174,817
Trading liabilities	136,358	108,835
Unsecured short-term borrowings	37,148	48,287
Unsecured long-term borrowings	225,476	207,076
Other liabilities	18,294	21,651
Total liabilities	997,377	902,703
Real Estate, Credit-Related and Other Investing [Member]
Assets
Cash and cash equivalents	148	112
Trading assets	0	26
Investments	144	835
Loans	2,082	2,392
Other assets	1,100	1,084
Liabilities
Other secured financings	612	684
Customer and other payables	9	9
Trading liabilities	9	10
Other liabilities	312	959
Principal-Protected Notes [Member]
Assets
Trading assets	1	1
Liabilities
Other secured financings	476	479
Unsecured short-term borrowings	46	48
Unsecured long-term borrowings	207	214
Consolidated Variable Interest Entity, Total Carrying Amount [Member]
Assets
Cash and cash equivalents	148	112
Trading assets	1	27
Investments	144	835
Loans	2,082	2,392
Other assets	1,100	1,084
Liabilities
Other secured financings	1,088	1,163
Customer and other payables	9	9
Trading liabilities	9	10
Unsecured short-term borrowings	46	48
Unsecured long-term borrowings	207	214
Other liabilities	312	959
Real Estate, Credit-Related and Other Investing [Member]
Assets
Total assets	3,474	4,449
Liabilities
Total liabilities	942	1,662
Principal-Protected Notes [Member]
Assets
Total assets	1	1
Liabilities
Total liabilities	729	741
Consolidated Variable Interest Entity, Total Carrying Amount [Member]
Assets
Total assets	3,475	4,450
Liabilities
Total liabilities	$ 1,671	$ 2,403

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees - Commitments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitment Liabilities [Line Items]
Total lending	$ 151,965	$ 167,244
Collateralized agreement	64,243	62,093
Collateralized financing	18,845	10,193
Letters of credit	374	456
Investment	5,812	7,879
Other	9,027	6,135
Total commitments	250,266	254,000
Maturities, Remainder of Year 1 [Member]
Commitment Liabilities [Line Items]
Total lending	28,713
Collateralized agreement	63,747
Collateralized financing	18,845
Letters of credit	299
Investment	1,657
Other	8,909
Total commitments	122,170
Maturities, Year 2 and Year 3 [Member]
Commitment Liabilities [Line Items]
Total lending	48,975
Collateralized agreement	496
Collateralized financing	0
Letters of credit	35
Investment	1,422
Other	118
Total commitments	51,046
Maturities, Year 3 and Year 4 [Member]
Commitment Liabilities [Line Items]
Total lending	57,623
Collateralized agreement	0
Collateralized financing	0
Letters of credit	0
Investment	1,059
Other	0
Total commitments	58,682
Maturities, Year 5 and Thereafter [Member]
Commitment Liabilities [Line Items]
Total lending	16,654
Collateralized agreement	0
Collateralized financing	0
Letters of credit	40
Investment	1,674
Other	0
Total commitments	18,368
Investment Grade Commercial Lending [Member]
Commitment Liabilities [Line Items]
Total lending	76,791	89,276
Investment Grade Commercial Lending [Member] | Maturities, Remainder of Year 1 [Member]
Commitment Liabilities [Line Items]
Total lending	8,002
Investment Grade Commercial Lending [Member] | Maturities, Year 2 and Year 3 [Member]
Commitment Liabilities [Line Items]
Total lending	27,196
Investment Grade Commercial Lending [Member] | Maturities, Year 3 and Year 4 [Member]
Commitment Liabilities [Line Items]
Total lending	35,485
Investment Grade Commercial Lending [Member] | Maturities, Year 5 and Thereafter [Member]
Commitment Liabilities [Line Items]
Total lending	6,108
Non Investment Grade Commercial Lending [Member]
Commitment Liabilities [Line Items]
Total lending	51,208	58,718
Non Investment Grade Commercial Lending [Member] | Maturities, Remainder of Year 1 [Member]
Commitment Liabilities [Line Items]
Total lending	3,337
Non Investment Grade Commercial Lending [Member] | Maturities, Year 2 and Year 3 [Member]
Commitment Liabilities [Line Items]
Total lending	16,676
Non Investment Grade Commercial Lending [Member] | Maturities, Year 3 and Year 4 [Member]
Commitment Liabilities [Line Items]
Total lending	20,843
Non Investment Grade Commercial Lending [Member] | Maturities, Year 5 and Thereafter [Member]
Commitment Liabilities [Line Items]
Total lending	10,352
Warehouse Financing [Member]
Commitment Liabilities [Line Items]
Total lending	7,519	5,581
Warehouse Financing [Member] | Maturities, Remainder of Year 1 [Member]
Commitment Liabilities [Line Items]
Total lending	927
Warehouse Financing [Member] | Maturities, Year 2 and Year 3 [Member]
Commitment Liabilities [Line Items]
Total lending	5,103
Warehouse Financing [Member] | Maturities, Year 3 and Year 4 [Member]
Commitment Liabilities [Line Items]
Total lending	1,295
Warehouse Financing [Member] | Maturities, Year 5 and Thereafter [Member]
Commitment Liabilities [Line Items]
Total lending	194
Credit cards [Member]
Commitment Liabilities [Line Items]
Total lending	16,447	$ 13,669
Credit cards [Member] | Maturities, Remainder of Year 1 [Member]
Commitment Liabilities [Line Items]
Total lending	16,447
Credit cards [Member] | Maturities, Year 2 and Year 3 [Member]
Commitment Liabilities [Line Items]
Total lending	0
Credit cards [Member] | Maturities, Year 3 and Year 4 [Member]
Commitment Liabilities [Line Items]
Total lending	0
Credit cards [Member] | Maturities, Year 5 and Thereafter [Member]
Commitment Liabilities [Line Items]
Total lending	$ 0

Commitments, Contingencies an_4

Commitments, Contingencies and Guarantees - Lending Commitments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Held for investment	$ 133,501	$ 150,100
Held for sale	15,419	15,245
At fair value	3,045	1,899
Total	$ 151,965	$ 167,244

Commitments, Contingencies an_5

Commitments, Contingencies and Guarantees - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary Of Commitments And Contingent Liabilities [Line Items]
Lending commitments	$ 151,965,000,000	$ 167,244,000,000
Notional amount of loan commitments which are protected by SMFG against credit loss	$ 4,050,000,000	$ 5,740,000,000
Credit loss protection percentage of first loss on loan commitments provided by SMFG	95.00%	95.00%
Approximate amount of maximum protection of first loss on loan commitments provided by SMFG	$ 950,000,000	$ 950,000,000
SMFG credit loss protection for additional losses percentage	70.00%	70.00%
Maximum protection on additional losses on loan commitments provided by SMFG	$ 750,000,000	$ 0
Commitments to invest in funds managed by the firm	2,000,000,000	2,060,000,000
Collateral held by lenders in connection with securities lending indemnifications	17,560,000,000	19,140,000,000
Lending Commitments Allowance	335,000,000	361,000,000	$ 286,000,000
Amortized cost [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Carrying value of lending commitments liabilities	460,000,000	527,000,000
Lending Commitments Allowance	335,000,000	361,000,000
Estimated fair value of lending commitments liabilities	5,890,000,000	3,050,000,000
Amortized cost [Member] | Level 2 [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Estimated fair value of lending commitments liabilities	3,290,000,000	1,780,000,000
Amortized cost [Member] | Level 3 [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Estimated fair value of lending commitments liabilities	2,600,000,000	1,270,000,000
Held for sale [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Carrying value of lending commitments liabilities	196,000,000	60,000,000
Investment Grade Commercial Lending, Relationship Lending Activities [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Lending commitments	88,610,000,000	102,500,000,000
Investment Grade Commercial Lending, Other Investment Banking Activities Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Lending commitments	26,690,000,000	$ 33,470,000,000
Residential Mortgage Backed Securities Working Group [Member]
Summary Of Commitments And Contingent Liabilities [Line Items]
Settlement agreement amount	1,800,000,000
Litigation settlement liability	$ 1,550,000,000

Commitments, Contingencies an_6

Commitments, Contingencies and Guarantees - Guarantees (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Guarantee [Member]
Guarantor Obligations [Line Items]
Carrying Value of Net Liability	$ 7,973	$ 3,817
Maximum Payout/Notional Amount by Period of Expiration	195,550	224,201
Derivative Guarantee [Member] | Maturities, Remainder of Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	65,570
Derivative Guarantee [Member] | Maturities, Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration		91,814
Derivative Guarantee [Member] | Maturities, Year 2 and Year 3 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	72,282	76,693
Derivative Guarantee [Member] | Maturities, Year 4 and Year 5 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	22,395	19,377
Derivative Guarantee [Member] | Maturities, Year 6 and Thereafter [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	35,303	36,317
Securities Lending Indemnification [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	16,978	17,891
Securities Lending Indemnification [Member] | Maturities, Remainder of Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	16,978
Securities Lending Indemnification [Member] | Maturities, Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration		17,891
Securities Lending Indemnification [Member] | Maturities, Year 2 and Year 3 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0
Securities Lending Indemnification [Member] | Maturities, Year 4 and Year 5 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0
Securities Lending Indemnification [Member] | Maturities, Year 6 and Thereafter [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	0
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Carrying Value of Net Liability	58	27
Maximum Payout/Notional Amount by Period of Expiration	6,623	6,126
Financial Guarantee [Member] | Maturities, Remainder of Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	1,648
Financial Guarantee [Member] | Maturities, Year 1 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration		2,044
Financial Guarantee [Member] | Maturities, Year 2 and Year 3 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	1,930	1,714
Financial Guarantee [Member] | Maturities, Year 4 and Year 5 [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	2,853	2,219
Financial Guarantee [Member] | Maturities, Year 6 and Thereafter [Member]
Guarantor Obligations [Line Items]
Maximum Payout/Notional Amount by Period of Expiration	$ 192	$ 149

Commitments, Contingencies an_7

Commitments, Contingencies and Guarantees - Guarantees (Parenthetical) (Detail) - Derivative Guarantee [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Guarantor Obligations [Line Items]
Carrying value of derivatives included derivative assets	$ 1,670	$ 1,560
Carrying value of derivatives included derivative liabilities	$ 9,640	$ 5,380

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Apr. 14, 2020	Apr. 06, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Equity [Line Items]
Common stock, shares authorized			4,000,000,000		4,000,000,000
Nonvoting common stock, shares authorized			200,000,000		200,000,000
Nonvoting common stock, par value			$ 0.01		$ 0.01
Shares remitted by employees to satisfy minimum statutory employee tax withholding			3,476
Remitted Shares, Total			$ 0.9
Amount of share-based awards cancelled to satisfy minimum statutory employee tax withholding requirements			3,300,000
Value of share-based awards cancelled to satisfy minimum statutory employee tax withholding requirements			$ 803
Dividends declared per common share	$ 1.25		$ 1.25	$ 0.80
Dividends payable date declared	Apr. 14, 2020
Dividends payable date to be paid	Jun. 29, 2020
Dividends payable date of record	Jun. 1, 2020
Series B Preferred Stock [Member]
Equity [Line Items]
Number of shares redeemed					6,000
Dividend rate					6.20%
Amount of redeemed					$ 150
Preferred Stock, Redemption Price Per Share					$ 25,000
Difference between the redemption value of Preferred Stock and the net carrying value at the time of redemption					$ 9
Preferred stock dividends declared				387.50
Series A Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			234.38	234.38
Series A Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		$ 236.98
Series C Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			250	250
Series C Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		252.78
Series D Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			250	250
Series D Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		252.78
Series J Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			343.75	343.75
Series J Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		343.75
Series K Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			$ 398.44	398.44
Series K Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		398.44
Series L Preferred Stock [Member]
Equity [Line Items]
Number of shares redeemed			14,000		38,000
Dividend rate			5.70%
Amount of redeemed			$ 350		$ 950
Preferred Stock, Redemption Price Per Share			$ 25,000		$ 25,000
Difference between the redemption value of Preferred Stock and the net carrying value at the time of redemption			$ 1
Preferred stock dividends declared			$ 361.54
Series M Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		671.88
Series N Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			393.75	393.75
Series N Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		393.75
Series O Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		662.50
Series P Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		625
Series E Preferred Stock [Member]
Equity [Line Items]
Preferred stock dividends declared			$ 1,011.11	$ 977.78
Series E Preferred Stock [Member] | Group Inc. [Member]
Equity [Line Items]
Preferred stock dividends declared		$ 1,011.11
Series S Preferred Stock [Member]
Equity [Line Items]
Dividend rate			4.40%
Preferred stock shares issued			14,000

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
	Mar. 31, 2020	Mar. 31, 2019
Equity [Abstract]
Common share repurchases	8.2	6.3
Average cost per share	$ 236.35	$ 197.08
Total cost of common share repurchases	$ 1,928	$ 1,250

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends Declared on Common Stock (Detail) - $ / shares	Apr. 14, 2020	Mar. 31, 2020	Mar. 31, 2019
Equity [Abstract]
Dividends declared per common share	$ 1.25	$ 1.25	$ 0.80

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Perpetual Preferred Stock Issued and Outstanding (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Class of Stock [Line Items]
Shares Authorized	496,750
Shares Issued	420,282
Shares Outstanding	420,280
Redemption Value | $	$ 11,203
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	50,000
Shares Issued	30,000
Shares Outstanding	29,999
Depositary Shares Per Share	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 750
Dividend rate	3 month LIBOR + 0.75%, with floor of 3.75%, payable quarterly
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	25,000
Shares Issued	8,000
Shares Outstanding	8,000
Depositary Shares Per Share	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 200
Dividend rate	3 month LIBOR + 0.75%, with floor of 4.00%, payable quarterly
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	60,000
Shares Issued	54,000
Shares Outstanding	53,999
Depositary Shares Per Share	1,000
Earliest Redemption Date	Currently redeemable
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 1,350
Dividend rate	3 month LIBOR + 0.67%, with floor of 4.00%, payable quarterly
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	17,500
Shares Issued	7,667
Shares Outstanding	7,667
Earliest Redemption Date	Currently redeemable
Liquidation Preference | $ / shares	$ 100,000
Redemption Value | $	$ 767
Dividend rate	3 month LIBOR + 0.7675%, with floor of 4.00%, payable quarterly
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	5,000
Shares Issued	1,615
Shares Outstanding	1,615
Earliest Redemption Date	Currently redeemable
Liquidation Preference | $ / shares	$ 100,000
Redemption Value | $	$ 161
Dividend rate	3 month LIBOR + 0.77%, with floor of 4.00%, payable quarterly
Series J Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	46,000
Shares Issued	40,000
Shares Outstanding	40,000
Depositary Shares Per Share	1,000
Earliest Redemption Date	May 10, 2023
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 1,000
Dividend rate	5.50% to, but excluding, May 10, 2023;3 month LIBOR + 3.64% thereafter, payable quarterly
Series K Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	32,200
Shares Issued	28,000
Shares Outstanding	28,000
Depositary Shares Per Share	1,000
Earliest Redemption Date	May 10, 2024
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 700
Dividend rate	6.375% to, but excluding, May 10, 2024;3 month LIBOR + 3.55% thereafter, payable quarterly
Series M Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	80,000
Shares Issued	80,000
Shares Outstanding	80,000
Depositary Shares Per Share	25
Earliest Redemption Date	May 10, 2020
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 2,000
Dividend rate	5.375%, payable semi-annually, from issuance date to, but excluding,May 10, 2020; 3 month LIBOR + 3.922%, payable quarterly, thereafter
Series N Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	31,050
Shares Issued	27,000
Shares Outstanding	27,000
Depositary Shares Per Share	1,000
Earliest Redemption Date	May 10, 2021
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 675
Dividend rate	6.30%, payable quarterly
Series O Preferred Stock [Member]
Class of Stock [Line Items]
Shares Authorized	26,000
Shares Issued	26,000
Shares Outstanding	26,000
Depositary Shares Per Share	25
Earliest Redemption Date	Nov. 10, 2026
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 650
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 [Member]
Class of Stock [Line Items]
Shares Authorized	66,000
Shares Issued	60,000
Shares Outstanding	60,000
Depositary Shares Per Share	25
Earliest Redemption Date	Nov. 10, 2022
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 1,500
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 [Member]
Class of Stock [Line Items]
Shares Authorized	20,000
Shares Issued	20,000
Shares Outstanding	20,000
Depositary Shares Per Share	25
Earliest Redemption Date	Aug. 10, 2024
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 500
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 [Member]
Class of Stock [Line Items]
Shares Authorized	24,000
Shares Issued	24,000
Shares Outstanding	24,000
Depositary Shares Per Share	25
Earliest Redemption Date	Feb. 10, 2025
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 600
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 [Member]
Class of Stock [Line Items]
Shares Authorized	14,000
Shares Issued	14,000
Shares Outstanding	14,000
Depositary Shares Per Share	25
Earliest Redemption Date	Feb. 10, 2025
Liquidation Preference | $ / shares	$ 25,000
Redemption Value | $	$ 350
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

Shareholders' Equity - Summar_3

Shareholders' Equity - Summary of Perpetual Preferred Stock Issued and Outstanding (Parenthetical) (Detail)	Mar. 31, 2020$ / shares
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	$ 0.01
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series J Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series K Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series M Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series N Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series O Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series P Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series Q Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series R Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	0.01
Series S Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	$ 0.01

Shareholders' Equity - Summar_4

Shareholders' Equity - Summary of Preferred Dividends Declared on Preferred Stock Issued (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Class of Stock [Line Items]
Total preferred stock dividends declared	$ 89	$ 69
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 234.38	$ 234.38
Total preferred stock dividends declared	$ 7	$ 7
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared		$ 387.50
Total preferred stock dividends declared		$ 2
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 250	$ 250
Total preferred stock dividends declared	$ 2	$ 2
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 250	$ 250
Total preferred stock dividends declared	$ 13	$ 13
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 1,011.11	$ 977.78
Total preferred stock dividends declared	$ 7	$ 7
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 1,011.11	$ 977.78
Total preferred stock dividends declared	$ 2	$ 2
Series J Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 343.75	$ 343.75
Total preferred stock dividends declared	$ 14	$ 14
Series K Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 398.44	$ 398.44
Total preferred stock dividends declared	$ 11	$ 11
Series L Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 361.54
Total preferred stock dividends declared	$ 4
Series N Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 393.75	$ 393.75
Total preferred stock dividends declared	$ 11	$ 11
Series Q Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 889.93
Total preferred stock dividends declared	$ 18

Shareholders' Equity - Accumula

Shareholders' Equity - Accumulated Other Comprehensive Income/(Loss), Net of Tax (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 90,265
Other comprehensive income/(loss) adjustments, net of tax	3,421	$ (1,306)
Ending balance	92,379	90,273
Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(616)	(621)
Other comprehensive income/(loss) adjustments, net of tax	(17)	4
Ending balance	(633)	(617)
Debt Valuation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(572)	1,507
Other comprehensive income/(loss) adjustments, net of tax	2,914	(1,417)
Ending balance	2,342	90
Pension and Postretirement Liabilities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(342)	(81)
Other comprehensive income/(loss) adjustments, net of tax	7	(7)
Ending balance	(335)	(88)
Available-for-sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	46	(112)
Other comprehensive income/(loss) adjustments, net of tax	517	114
Ending balance	563	2
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,484)	693
Other comprehensive income/(loss) adjustments, net of tax	3,421	(1,306)
Ending balance	$ 1,937	$ (613)

Regulation and Capital Adequa_3

Regulation and Capital Adequacy - Risk-based Capital and Leverage Requirements (Detail)	Mar. 31, 2020
Regulation And Capital Adequacy [Abstract]
CET1 capital ratio	9.50%
Tier 1 capital ratio	11.00%
Total capital ratio	13.00%
Tier 1 leverage ratio	4.00%
SLR	5.00%

Regulation and Capital Adequa_4

Regulation and Capital Adequacy - Risk-based Capital Ratios (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 74,550	$ 74,850	$ 73,116
Tier 1 capital	85,589	85,440	83,702
Tier 2 capital	15,131	14,925	14,926
Total capital	100,720	100,365
RWAs	$ 594,484	$ 563,575	547,910
CET1 capital ratio	12.50%	13.30%
Tier 1 capital ratio	14.40%	15.20%
Total capital ratio	16.90%	17.80%
Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 74,550	$ 74,850	73,116
Tier 1 capital	85,589	85,440	83,702
Tier 2 capital	13,470	13,473	13,743
Total capital	99,059	98,913
RWAs	$ 605,926	$ 544,653	$ 558,111
CET1 capital ratio	12.30%	13.70%
Tier 1 capital ratio	14.10%	15.70%
Total capital ratio	16.30%	18.20%
GS Bank USA [Member] | Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 29,760	$ 29,176
Tier 1 capital	29,760	29,176
Tier 2 capital	5,710	5,293
Total capital	35,470	34,469
RWAs	$ 272,752	$ 258,541
CET1 capital ratio	10.90%	11.30%
Tier 1 capital ratio	10.90%	11.30%
Total capital ratio	13.00%	13.30%
GS Bank USA [Member] | Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	$ 29,760	$ 29,176
Tier 1 capital	29,760	29,176
Tier 2 capital	4,644	4,486
Total capital	34,404	33,662
RWAs	$ 164,238	$ 135,596
CET1 capital ratio	18.10%	21.50%
Tier 1 capital ratio	18.10%	21.50%
Total capital ratio	20.90%	24.80%

Regulation and Capital Adequa_5

Regulation and Capital Adequacy - Leverage Ratios (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital	$ 85,589	$ 85,440
Average total assets	1,048,847	983,909
Deductions from Tier 1 capital	(4,887)	(5,275)
Average adjusted total assets	1,043,960	978,634
Average off-balance-sheet exposures	394,906	396,833
Total leverage exposure	$ 1,438,866	$ 1,375,467
Tier 1 leverage ratio	8.20%	8.70%
SLR	5.90%	6.20%
GS Bank USA [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital	$ 29,760	$ 29,176
Average adjusted total assets	243,007	220,974
Total leverage exposure	$ 425,724	$ 413,852
Tier 1 leverage ratio	12.20%	13.20%
SLR	7.00%	7.00%

Regulation and Capital Adequa_6

Regulation and Capital Adequacy - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum required CET1 ratio applicable to advanced approach banking institutions	4.50%	4.50%
Minimum required Tier 1 capital ratio applicable to advanced approach banking institutions	6.00%	6.00%
Minimum required Total capital ratio applicable to advanced approach banking institutions	8.00%	8.00%
Capital conservation buffer	2.50%
Global Systemically Important Bank (G-SIB) surcharge	2.50%
Counter-cyclical capital buffer	0.00%
Tier 1 leverage ratio	4.00%
SLR	5.00%
Minimum supplementary leverage ratio buffer	2.00%
Minimum supplementary leverage ratio	3.00%
Confidence level for regulatory VaR	99.00%
Confidence level for risk management VaR	95.00%
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	$ 95,590	$ 95,680
Minimum equity capital that is required to be maintained in regulated subsidiaries	$ 63,090	57,580
CECL adoption, percentage of increase in regulatory capital to increase in allowance for credit loss	25.00%
Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	$ 10,275	25,649
Change in Market RWAs	20,634	(9,984)
Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	40,812	(7,672)
Change in Market RWAs	20,836	(10,186)
Change in operational risk	$ (375)	$ 4,400
GS Bank USA [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum required CET1 ratio applicable to advanced approach banking institutions	4.50%	4.50%
Minimum required Tier 1 capital ratio applicable to advanced approach banking institutions	6.00%	6.00%
Minimum required Total capital ratio applicable to advanced approach banking institutions	8.00%	8.00%
Capital conservation buffer	2.50%
Counter-cyclical capital buffer	0.00%
Amount deposited by GS Bank USA held at the Federal Reserve Bank of New York	$ 34,160	$ 50,550
Excess amount deposited by GS Bank USA held at the Federal Reserve Bank of New York	$ 34,160	$ 50,290

Regulation and Capital Adequa_7

Regulation and Capital Adequacy - Risk-based Capital (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Preferred stock	$ 11,203	$ 11,203
Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common shareholders' equity	81,176	79,062
Impact of CECL transition	819
Deduction for goodwill	(3,528)	(3,529)
Deduction for identifiable intangible assets	(584)	(604)
Other adjustments	(3,333)	(79)
CET1 capital	74,550	74,850	$ 73,116
Preferred stock	11,203	11,203
Deduction for investments in covered funds	(157)	(610)
Other adjustments	(7)	(3)
Tier 1 capital	85,589	85,440	83,702
Qualifying subordinated debt	12,820	12,847
Junior subordinated debt	188	284
Allowance for credit losses	2,174	1,802
Other adjustments	(51)	(8)
Tier 2 capital	15,131	14,925	14,926
Total capital	100,720	100,365
Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital	74,550	74,850	73,116
Tier 1 capital	85,589	85,440	83,702
Standardized Tier 2 capital	15,131	14,925
Allowance for credit losses	(2,174)	(1,802)
Other adjustments	513	350
Tier 2 capital	13,470	13,473	$ 13,743
Total capital	$ 99,059	$ 98,913

Regulation and Capital Adequa_8

Regulation and Capital Adequacy - Risk-based Capital (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Regulation And Capital Adequacy [Abstract]
CECL adoption, percentage of increase in regulatory capital to increase in allowance for credit loss	25.00%
Deferred tax liabilities associated with goodwill	$ 668	$ 667
Deferred tax liabilities associated with identifiable intangible assets	$ 30	$ 37
Subordinated debt maturity period	5 years

Regulation and Capital Adequa_9

Regulation and Capital Adequacy - CET1, Tier 1 Capital and Tier 2 Capital (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET 1, Beginning balance	$ 74,850	$ 73,116
Change in common shareholders' equity	2,114	80
Change in Impact of CECL transition	819
Change in deduction for goodwill	1	(432)
Change in deduction for identifiable intangible assets	20	(307)
Change in other adjustments	(3,254)	2,393
CET 1, Ending balance	74,550	74,850
Tier 1 Capital, Beginning balance	85,440	83,702
Change in CET1	(300)	1,734
Change in deduction for investments in covered funds	453	5
Change in other adjustments	(4)	(1)
Tier 1 Capital, Ending balance	85,589	85,440
Tier 2 capital, Beginning balance	14,925	14,926
Change in qualifying subordinated debt	(27)	(300)
Change in junior subordinated debt	(96)	(158)
Change in allowance for credit losses	372	449
Change in other adjustments	(43)	8
Tier 2 Capital, Ending balance	15,131	14,925
Total capital	100,720	100,365
Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET 1, Beginning balance	74,850	73,116
Change in common shareholders' equity	2,114	80
Change in Impact of CECL transition	819
Change in deduction for goodwill	1	(432)
Change in deduction for identifiable intangible assets	20	(307)
Change in other adjustments	(3,254)	2,393
CET 1, Ending balance	74,550	74,850
Tier 1 Capital, Beginning balance	85,440	83,702
Change in CET1	(300)	1,734
Change in deduction for investments in covered funds	453	5
Change in other adjustments	(4)	(1)
Tier 1 Capital, Ending balance	85,589	85,440
Tier 2 capital, Beginning balance	13,473	13,743
Change in qualifying subordinated debt	(27)	(300)
Change in junior subordinated debt	(96)	(158)
Change in allowance for credit losses	0
Change in other adjustments	120	188
Tier 2 Capital, Ending balance	13,470	13,473
Total capital	$ 99,059	$ 98,913

Regulation and Capital Adequ_10

Regulation and Capital Adequacy - Risk-weighted Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Standardized [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	$ 509,262	$ 498,987
Market RWAs	85,222	64,588
Total RWAs	594,484	563,575	$ 547,910
Standardized [Member] | Derivatives [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	134,778	120,906
Standardized [Member] | Commitments Guarantees and Loans [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	189,300	179,740
Standardized [Member] | Securities Financing Transactions [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	59,729	65,867
Standardized [Member] | Equity Investments [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	50,881	56,814
Standardized [Member] | Other [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	74,574	75,660
Standardized [Member] | Regulatory VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	13,465	8,933
Standardized [Member] | Stressed VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	45,608	30,911
Standardized [Member] | Incremental Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	5,088	4,308
Standardized [Member] | Comprehensive Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	2,186	1,393
Standardized [Member] | Specific Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	18,875	19,043
Advanced [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	401,891	361,079
Market RWAs	85,222	64,386
Total Operational RWAs	118,813	119,188
Total RWAs	605,926	544,653	$ 558,111
Advanced [Member] | Derivatives [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	104,638	72,631
Advanced [Member] | Commitments Guarantees and Loans [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	148,986	134,456
Advanced [Member] | Securities Financing Transactions [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	12,515	13,834
Advanced [Member] | Equity Investments [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	52,999	61,892
Advanced [Member] | Other [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Credit RWAs	82,753	78,266
Advanced [Member] | Regulatory VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	13,465	8,933
Advanced [Member] | Stressed VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	45,608	30,911
Advanced [Member] | Incremental Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	5,088	4,308
Advanced [Member] | Comprehensive Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	2,186	1,191
Advanced [Member] | Specific Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Market RWAs	$ 18,875	$ 19,043

Regulation and Capital Adequ_11

Regulation and Capital Adequacy - Changes in Risk-weighted Assets (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Standardized Capital Rules [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-Weighted Assets, Beginning balance	$ 563,575	$ 547,910
Change in Credit RWAs	10,275	25,649
Change in Market RWAs	20,634	(9,984)
Risk-Weighted Assets, end of period	594,484	563,575
Standardized Capital Rules [Member] | Derivatives [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	13,872	(1,605)
Standardized Capital Rules [Member] | Commitments Guarantees and Loans [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	9,560	19,435
Standardized Capital Rules [Member] | Securities Financing Transactions [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	(6,138)	(496)
Standardized Capital Rules [Member] | Equity Investments [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	(5,933)	3,251
Standardized Capital Rules [Member] | Other [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	(1,086)	5,064
Standardized Capital Rules [Member] | Regulatory VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	4,532	1,151
Standardized Capital Rules [Member] | Stressed VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	14,697	2,959
Standardized Capital Rules [Member] | Incremental Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	780	(6,161)
Standardized Capital Rules [Member] | Comprehensive Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	793	(1,377)
Standardized Capital Rules [Member] | Specific Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	(168)	(6,556)
Advanced Capital [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-Weighted Assets, Beginning balance	544,653	558,111
Change in Credit RWAs	40,812	(7,672)
Change in Market RWAs	20,836	(10,186)
Change in operational risk	(375)	4,400
Risk-Weighted Assets, end of period	605,926	544,653
Advanced Capital [Member] | Derivatives [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	32,007	(9,670)
Advanced Capital [Member] | Commitments Guarantees and Loans [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	14,530	(8,900)
Advanced Capital [Member] | Securities Financing Transactions [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	(1,319)	(4,425)
Advanced Capital [Member] | Equity Investments [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	(8,893)	6,738
Advanced Capital [Member] | Other [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Credit RWAs	4,487	8,585
Advanced Capital [Member] | Regulatory VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	4,532	1,151
Advanced Capital [Member] | Stressed VaR [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	14,697	2,959
Advanced Capital [Member] | Incremental Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	780	(6,161)
Advanced Capital [Member] | Comprehensive Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	995	(1,579)
Advanced Capital [Member] | Specific Risk [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Change in Market RWAs	$ (168)	$ (6,556)

Regulation and Capital Adequ_12

Regulation and Capital Adequacy - Risk-based Capital and Leverage Ratios and "Well-capitalized" Requirements (Detail)	Mar. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Required CET1 ratio applicable to advanced approach banking institutions	9.50%
GS Bank USA [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Required CET1 ratio applicable to advanced approach banking institutions	7.00%
Required Tier 1 capital ratio applicable to advanced approach banking institutions	8.50%
Required Total capital ratio applicable to advanced approach banking institutions	10.50%
Required Tier 1 leverage ratio applicable to advanced approach banking institutions	4.00%
SLR	3.00%
Well-capitalized minimum CET1 ratio	6.50%
Well-capitalized minimum Tier 1 capital ratio	8.00%
Well-capitalized minimum total capital ratio	10.00%
Well-capitalized minimum Tier 1 leverage ratio	5.00%
Well-capitalized minimum SLR	6.00%

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
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net earnings to common	$ 1,123	$ 2,182
Weighted average basic shares	358	379.8
Effect of dilutive:
RSUs	3.1	2.6
Weighted average diluted shares	361.1	382.4
Basic EPS	$ 3.12	$ 5.73
Diluted EPS	$ 3.11	$ 5.71

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings per common share
Reduction per common share due to impact of applying the amended principles to basic earnings per common share	$ 0.02	$ 0.02
Number of antidilutive RSUs	0.1	0.2

Transactions with Affiliated _3

Transactions with Affiliated Funds - Fees Earned from Affiliated Funds (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Transactions With Affiliated Funds [Abstract]
Fees earned from funds	$ 921	$ 706

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	Mar. 31, 2020	Dec. 31, 2019
Transactions With Affiliated Funds [Abstract]
Fees receivable from funds	$ 877	$ 780
Aggregate carrying value of interests in funds	$ 4,031	$ 5,490

Transactions with Affiliated _5

Transactions with Affiliated Funds - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Transactions With Affiliated Funds [Abstract]
Management fees waived	$ 12	$ 10
Outstanding guarantees on behalf of certain nonconsolidated investment funds	87		$ 87
Fair value of certificates of deposit and commercial paper purchased	$ 1,840

Interest Income and Interest _3

Interest Income and Interest Expense - Interest Income and Interest Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income and expense
Deposits with banks	$ 205	$ 377
Collateralized agreements	534	1,304
Trading assets	1,573	1,388
Investments	471	395
Loans	1,316	1,319
Other interest	651	814
Total interest income	4,750	5,597
Deposits	818	857
Collateralized financings	448	669
Trading liabilities	314	366
Short-term borrowings	141	142
Long-term borrowings	1,105	1,384
Other interest	611	961
Total interest expense	3,437	4,379
Net interest income	$ 1,313	$ 1,218

Income Taxes - Earliest Tax Yea

Income Taxes - Earliest Tax Years Subject to Examination by Major Jurisdiction (Detail)	3 Months Ended
	Mar. 31, 2020
U.S. Federal [Member]
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2011
New York State and City [Member]
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2011
United Kingdom [Member] | Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2017
Japan [Member] | Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2014
Hong Kong [Member] | Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax years by major tax jurisdiction	2013

Business Segments - Segment Ope

Business Segments - Segment Operating Results (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Non-interest revenues	$ 7,430	$ 7,589
Net interest income	1,313	1,218
Total net revenues	8,743	8,807
Provision for credit losses	937	224
Operating expenses	6,458	5,864
Pre-tax earnings/(loss)	1,348	2,719
Net earnings/(loss)	1,213	2,251
Net earnings/(loss) to common	1,123	2,182
Average common equity	$ 79,263	$ 78,425
Return on average common equity	5.70%	11.10%
Investment Banking [Member]
Segment Reporting Information [Line Items]
Non-interest revenues	$ 2,046	$ 1,627
Net interest income	138	119
Total net revenues	2,184	1,746
Provision for credit losses	622	86
Operating expenses	1,169	1,005
Pre-tax earnings/(loss)	393	655
Net earnings/(loss)	354	543
Net earnings/(loss) to common	343	535
Average common equity	$ 11,308	$ 11,496
Return on average common equity	12.10%	18.60%
Global Markets [Member]
Segment Reporting Information [Line Items]
Non-interest revenues	$ 4,652	$ 3,483
Net interest income	511	557
Total net revenues	5,163	4,040
Provision for credit losses	68	3
Operating expenses	2,847	2,748
Pre-tax earnings/(loss)	2,248	1,289
Net earnings/(loss)	2,023	1,068
Net earnings/(loss) to common	1,964	1,020
Average common equity	$ 39,797	$ 40,705
Return on average common equity	19.70%	10.00%
Asset Management [Member]
Segment Reporting Information [Line Items]
Non-interest revenues	$ (267)	$ 1,646
Net interest income	171	147
Total net revenues	(96)	1,793
Provision for credit losses	79	13
Operating expenses	1,198	1,103
Pre-tax earnings/(loss)	(1,373)	677
Net earnings/(loss)	(1,236)	559
Net earnings/(loss) to common	(1,250)	549
Average common equity	$ 21,156	$ 20,365
Return on average common equity	(23.60%)	10.80%
Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Non-interest revenues	$ 999	$ 833
Net interest income	493	395
Total net revenues	1,492	1,228
Provision for credit losses	168	122
Operating expenses	1,244	1,008
Pre-tax earnings/(loss)	80	98
Net earnings/(loss)	72	81
Net earnings/(loss) to common	66	78
Average common equity	$ 7,002	$ 5,859
Return on average common equity	3.80%	5.30%

Business Segments - Depreciatio

Business Segments - Depreciation and Amortization (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total	$ 437	$ 368
Investment Banking [Member]
Segment Reporting Information [Line Items]
Total	39	29
Global Markets [Member]
Segment Reporting Information [Line Items]
Total	133	147
Asset Management [Member]
Segment Reporting Information [Line Items]
Total	170	137
Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Total	$ 95	$ 55

Business Segments - Assets by S

Business Segments - Assets by Segment (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total	$ 1,089,756	$ 992,968
Investment Banking [Member]
Segment Reporting Information [Line Items]
Total	105,059	92,009
Global Markets [Member]
Segment Reporting Information [Line Items]
Total	800,476	725,060
Asset Management [Member]
Segment Reporting Information [Line Items]
Total	92,636	92,102
Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Total	$ 91,585	$ 83,797

Business Segments - Summary of

Business Segments - Summary of Gross Loans by Segment and Loan (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Loans	$ 131,321	$ 110,345
Investment Banking [Member]
Segment Reporting Information [Line Items]
Loans	48,121	27,035
Global Markets [Member]
Segment Reporting Information [Line Items]
Loans	30,541	31,279
Asset Management [Member]
Segment Reporting Information [Line Items]
Loans	16,735	17,486
Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Loans	35,924	34,545
Corporate [Member]
Segment Reporting Information [Line Items]
Loans	68,530	46,307
Corporate [Member] | Investment Banking [Member]
Segment Reporting Information [Line Items]
Loans	48,121	27,035
Corporate [Member] | Global Markets [Member]
Segment Reporting Information [Line Items]
Loans	12,881	11,852
Corporate [Member] | Asset Management [Member]
Segment Reporting Information [Line Items]
Loans	7,528	7,420
Real Estate [Member] | Global Markets [Member]
Segment Reporting Information [Line Items]
Loans	12,787	15,671
Real Estate [Member] | Asset Management [Member]
Segment Reporting Information [Line Items]
Loans	8,456	9,030
Other Loans [Member]
Segment Reporting Information [Line Items]
Loans	5,624	4,792
Other Loans [Member] | Global Markets [Member]
Segment Reporting Information [Line Items]
Loans	4,873	3,756
Other Loans [Member] | Asset Management [Member]
Segment Reporting Information [Line Items]
Loans	751	1,036
Wealth Management [Member] | Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Loans	29,017	27,940
Installment [Member]
Segment Reporting Information [Line Items]
Loans	4,826	4,747
Installment [Member] | Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Loans	4,826	4,747
Credit Card Receivable [Member]
Segment Reporting Information [Line Items]
Loans	2,081	1,858
Credit Card Receivable [Member] | Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Loans	$ 2,081	$ 1,858

Business Segments - Summary o_2

Business Segments - Summary of Allowance for Loan Losses (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Allowance for loan losses by segments	$ 2,868	$ 1,441	$ 1,066
Investment Banking [Member]
Segment Reporting Information [Line Items]
Allowance for loan losses by segments	1,174	470
Global Markets [Member]
Segment Reporting Information [Line Items]
Allowance for loan losses by segments	269	168
Asset Management [Member]
Segment Reporting Information [Line Items]
Allowance for loan losses by segments	489	385
Consumer & Wealth Management [Member]
Segment Reporting Information [Line Items]
Allowance for loan losses by segments	$ 936	$ 418

Business Segments - Total Net R

Business Segments - Total Net Revenues and Pre-Tax Earnings By Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 8,743	$ 8,807
Pre-tax earnings	$ 1,348	$ 2,719
Percentage of total net revenues	100.00%	100.00%
Percentage of total pre-tax earnings	100.00%	100.00%
Americas [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 5,171	$ 5,245
Pre-tax earnings	$ 551	$ 1,488
Percentage of total net revenues	59.00%	60.00%
Percentage of total pre-tax earnings	41.00%	55.00%
Europe, Middle East and Africa [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 2,108	$ 2,459
Pre-tax earnings	$ 436	$ 911
Percentage of total net revenues	24.00%	28.00%
Percentage of total pre-tax earnings	32.00%	33.00%
Asia [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 1,464	$ 1,103
Pre-tax earnings	$ 361	$ 320
Percentage of total net revenues	17.00%	12.00%
Percentage of total pre-tax earnings	27.00%	12.00%

Credit Concentrations - Credit

Credit Concentrations - Credit Concentration, Government and Federal Agency Obligations (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
U.S. Government and Agency Obligations Held By The Firm [Member]
Concentration Risk [Line Items]
Concentration risk, Credit risk, Financial instrument, Maximum exposure	$ 162,690	$ 167,097
Concentration risk, Credit risk, Financial instrument, Maximum exposure, As a percentage of total Assets	14.90%	16.80%
Non-U.S. Government and Agency Obligations Held By The Firm [Member]
Concentration Risk [Line Items]
Concentration risk, Credit risk, Financial instrument, Maximum exposure	$ 47,457	$ 44,875
Concentration risk, Credit risk, Financial instrument, Maximum exposure, As a percentage of total Assets	4.40%	4.50%

Credit Concentrations - Additio

Credit Concentrations - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Cash deposits held at central banks	$ 64,100	$ 96,970
GS Bank USA [Member]
Concentration Risk [Line Items]
Cash deposits held at the Federal Reserve Bank of New York	$ 34,160	$ 50,550

Credit Concentrations - Credi_2

Credit Concentrations - Credit Concentration, Resale Agreements and Securities Borrowed (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
U.S. Government and Agency Obligations that Collateralize Securities Purchased Under Agreements to Resell and Securities Borrowed [Member]
Concentration Risk [Line Items]
Concentration risk, Credit risk, Financial instrument, Maximum exposure	$ 80,136	$ 49,396
Non-U.S. Government and Agency Obligations that Collateralize Securities Purchased Under Agreements to Resell and Securities Borrowed [Member]
Concentration Risk [Line Items]
Concentration risk, Credit risk, Financial instrument, Maximum exposure	$ 72,573	$ 55,889

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail) - 3 months ended Mar. 31, 2020 $ in Millions, $ in Millions	USD ($)	CAD ($)shares	USD ($)shares
Other Commitments [Line Items]
Estimated aggregate amount of reasonably possible losses for legal proceedings			$ 3,200
Mortgage Related Matters [Member]
Other Commitments [Line Items]
Face amount of securitizations claimed for repurchase			1,700
Valeant Pharmaceuticals International Securities Litigation [Member] | June 2013 Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 2,300
Number of shares underwritten by GS&Co. and GS Canada in connection with the offering | shares		5,334,897	5,334,897
Aggregate value underwritten by GS&Co. and GS Canada			$ 453
Valeant Pharmaceuticals International Securities Litigation [Member] | June 2013 Senior Notes Offering [Member]
Other Commitments [Line Items]
Aggregate principal amount of notes			3,200
Valeant Pharmaceuticals International Securities Litigation [Member] | November 2013 Senior Notes Offering [Member]
Other Commitments [Line Items]
Aggregate principal amount of notes			900
Valeant Pharmaceuticals International Securities Litigation [Member] | June 2013 and November 2013 Senior Notes Offerings [Member] | Non-US [Member]
Other Commitments [Line Items]
Approximate principal amount of notes sold by GS&Co. and GS Canada		$ 14.2
Adeptus Health Securities Litigation [Member] | June 2014 initial public offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 124
Number of shares underwritten by GS&Co. in connection with the offering | shares		1,690,000	1,690,000
Aggregate value underwritten by GS&Co.			$ 37
Adeptus Health Securities Litigation [Member] | May 2015 Secondary Equity Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 154
Number of shares underwritten by GS&Co. in connection with the offering | shares		962,378	962,378
Aggregate value underwritten by GS&Co.			$ 61
Adeptus Health Securities Litigation [Member] | July 2015 secondary equity offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 411
Number of shares underwritten by GS&Co. in connection with the offering | shares		1,760,000	1,760,000
Aggregate value underwritten by GS&Co.			$ 185
Adeptus Health Securities Litigation [Member] | June 2016 secondary equity offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			175
Aggregate value underwritten by GS&Co.			175
SunEdison Securities Litigation [Member] | Convertible Preferred Stock Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 650
Number of shares underwritten by GS&Co. in connection with the offering | shares		138,890	138,890
Aggregate value underwritten by GS&Co.			$ 139
Snap Inc. [Member] | March 2017 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 3,910
Number of shares underwritten by GS&Co. in connection with the offering | shares		57,040,000	57,040,000
Aggregate value underwritten by GS&Co.			$ 970
1Malaysia Development Berhad (1MDB) [Member] | Offerings of Debt Securities [Member]
Other Commitments [Line Items]
Amount of debt securities cited in connection with investigations, reviews and litigation			6,500
The amount of criminal fines sought against the accused	$ 2,700
1Malaysia Development Berhad (1MDB) [Member] | Offerings of Debt Securities [Member] | Fees Received [Member]
Other Commitments [Line Items]
The amount of criminal fines sought against the accused	$ 600
Sea Limited [Member] | October 2017 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 989
American depository shares underwritten by GS Asia | shares		28,026,721	28,026,721
Aggregate value underwritten by GS Asia			$ 420
Altice USA Inc [Member] | June 2017 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 2,150
Number of shares underwritten by GS&Co. in connection with the offering | shares		12,280,042	12,280,042
Aggregate value underwritten by GS&Co.			$ 368
Camping World Holdings Inc Litigation [Member] | October 2016 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 261
Number of shares underwritten by GS&Co. in connection with the offering | shares		4,267,214	4,267,214
Aggregate value underwritten by GS&Co.			$ 94
Camping World Holdings Inc Litigation [Member] | May 2017 Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 303
Number of shares underwritten by GS&Co. in connection with the offering | shares		4,557,286	4,557,286
Aggregate value underwritten by GS&Co.			$ 126
Camping World Holdings Inc Litigation [Member] | October 2017 Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 310
Number of shares underwritten by GS&Co. in connection with the offering | shares		3,525,348	3,525,348
Aggregate value underwritten by GS&Co.			$ 143
Alnylam Pharmaceuticals Inc [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 805
Number of shares underwritten by GS&Co. in connection with the offering | shares		2,576,000	2,576,000
Aggregate value underwritten by GS&Co.			$ 322
Uber Technologies Inc [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 8,100
Number of shares underwritten by GS&Co. in connection with the offering | shares		35,864,408	35,864,408
Aggregate value underwritten by GS&Co.			$ 1,600
Venator Materials PLC Litigation [Member] | August 2017 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 522
Number of shares underwritten by GS&Co. in connection with the offering | shares		6,351,347	6,351,347
Aggregate value underwritten by GS&Co.			$ 127
Venator Materials PLC Litigation [Member] | December 2017 Secondary Equity Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 534
Number of shares underwritten by GS&Co. in connection with the offering | shares		5,625,768	5,625,768
Aggregate value underwritten by GS&Co.			$ 127
XP Inc Litigation [Member] | December 2019 Initial Public Offering [Member]
Other Commitments [Line Items]
Aggregate value of offering			$ 2,300
Number of shares underwritten by GS&Co. in connection with the offering | shares		19,326,218	19,326,218
Aggregate value underwritten by GS&Co.			$ 522