Morgan Stanley (MS) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Jun. 30, 2023
Entity File Number	1-11758
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1585 Broadway
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
Entity Tax Identification Number	36-3145972
City Area Code	(212)
Local Phone Number	761-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,656,966,580
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000895421
Current Fiscal Year End Date	--12-31
Entity Registrant Name	MORGAN STANLEY
Document Quarterly Report	true
Document Transition Report	false
Common Stock, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MS
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series A, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series A, $0.01 par value
Trading Symbol	MS/PA
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series E, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series E, $0.01 par value
Trading Symbol	MS/PE
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series F, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series F, $0.01 par value
Trading Symbol	MS/PF
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series I, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series I, $0.01 par value
Trading Symbol	MS/PI
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series K, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series K, $0.01 par value
Trading Symbol	MS/PK
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series L, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series L, $0.01 par value
Trading Symbol	MS/PL
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series O, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series O, $0.01 par value
Trading Symbol	MS/PO
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series P, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series P, $0.01 par value
Trading Symbol	MS/PP
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Trading Symbol	MS/26C
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Trading Symbol	MS/29
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Investment banking	$ 1,155	$ 1,150	$ 2,485	$ 2,908
Trading	3,802	3,597	8,279	7,580
Investments	95	23	240	98
Commissions and fees	1,090	1,220	2,329	2,636
Asset management	4,817	4,912	9,545	10,031
Other	488	(52)	740	182
Total non-interest revenues	11,447	10,850	23,618	23,435
Interest income	12,048	3,612	22,918	6,262
Interest expense	10,038	1,330	18,562	1,764
Net interest	2,010	2,282	4,356	4,498
Net revenues	13,457	13,132	27,974	27,933
Provision for credit losses	161	101	395	158
Non-interest expenses
Compensation and benefits	6,262	5,550	12,672	11,824
Brokerage, clearing and exchange fees	875	878	1,756	1,760
Information processing and communications	926	857	1,841	1,686
Professional services	767	757	1,477	1,462
Occupancy and equipment	471	430	911	857
Marketing and business development	236	220	483	395
Other	947	1,020	1,867	1,884
Total non-interest expenses	10,484	9,712	21,007	19,868
Income before provision for income taxes	2,812	3,319	6,572	7,907
Provision for income taxes	591	783	1,318	1,656
Net income	2,221	2,536	5,254	6,251
Net income applicable to noncontrolling interests	39	41	92	90
Net income applicable to Morgan Stanley	2,182	2,495	5,162	6,161
Preferred stock dividends	133	104	277	228
Earnings applicable to Morgan Stanley common shareholders	$ 2,049	$ 2,391	$ 4,885	$ 5,933
Earnings per common share
Basic (USD per share)	$ 1.25	$ 1.40	$ 2.98	$ 3.45
Diluted (USD per share)	$ 1.24	$ 1.39	$ 2.95	$ 3.41
Average common shares outstanding
Basic (shares)	1,635	1,704	1,640	1,718
Diluted (shares)	1,651	1,723	1,657	1,739

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 2,221	$ 2,536	$ 5,254	$ 6,251
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(111)	(288)	(91)	(393)
Change in net unrealized gains (losses) on available-for-sale securities	(21)	(1,076)	491	(3,471)
Pension and other	(1)	3	(2)	8
Change in net debt valuation adjustment	(531)	1,152	(546)	1,812
Net change in cash flow hedges	(20)	0	(13)	0
Total other comprehensive income (loss)	(684)	(209)	(161)	(2,044)
Comprehensive income	1,537	2,327	5,093	4,207
Net income applicable to noncontrolling interests	39	41	92	90
Other comprehensive income (loss) applicable to noncontrolling interests	(95)	(90)	(114)	(125)
Comprehensive income applicable to Morgan Stanley	$ 1,593	$ 2,376	$ 5,115	$ 4,242

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 104,994	$ 128,127
Trading assets at fair value ($123,705 and $124,411 were pledged to various parties)	328,454	301,315
Available-for-sale at fair value (amortized cost of $84,401 and $89,772)	79,567	84,297
Held-to-maturity (fair value of $61,962 and $65,006)	72,225	75,634
Securities purchased under agreements to resell (includes $9 and $8 at fair value)	97,914	113,907
Securities borrowed	139,126	133,374
Customer and other receivables	75,964	78,540
Loans:
Held for investment (net of allowance for credit losses of $1,081 and $839)	200,528	198,997
Held for sale	15,284	14,788
Goodwill	16,652	16,652
Intangible assets (net of accumulated amortization of $4,554 and $4,253)	7,322	7,618
Other assets	26,881	26,982
Total assets	1,164,911	1,180,231
Liabilities
Deposits (includes $5,981 and $4,796 at fair value)	348,511	356,646
Trading liabilities at fair value	147,043	154,438
Securities sold under agreements to repurchase (includes $1,129 and $864 at fair value)	56,363	62,534
Securities loaned	13,369	15,679
Other secured financings (includes $5,538 and $4,550 at fair value)	8,294	8,158
Customer and other payables	216,820	216,134
Other liabilities and accrued expenses	25,177	27,353
Borrowings (includes $87,825 and $78,720 at fair value)	247,973	238,058
Total liabilities	1,063,550	1,079,000
Commitments and contingent liabilities (see Note 13)
Equity
Preferred stock	8,750	8,750
Common stock	20	20
Additional paid-in capital	29,245	29,339
Retained earnings	97,151	94,862
Employee stock trusts	5,258	4,881
Accumulated other comprehensive income (loss)	(6,300)	(6,253)
Common stock held in treasury at cost, $0.01 par value (380,160,846 and 363,406,570 shares)	(28,480)	(26,577)
Common stock issued to employee stock trusts	(5,258)	(4,881)
Total Morgan Stanley shareholders’ equity	100,386	100,141
Noncontrolling interests	975	1,090
Total equity	101,361	101,231
Total liabilities and equity	$ 1,164,911	$ 1,180,231

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets
Trading assets pledged to various parties	$ 123,705	$ 124,411
Available-for-sale, amortized cost	84,401	89,772
Held-to-maturity, fair value	61,962	65,006
Fair value of securities purchased under agreement to resell	9	8
ACL	1,081	839
Intangible assets, accumulated amortization	4,554	4,253
Liabilities
Deposits at fair value	5,981	4,796
Fair value of securities sold under agreement to repurchase	1,129	864
Fair value of other secured financings	5,538	4,550
Fair value of borrowings	$ 87,825	$ 78,720
Equity
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	3,500,000,000	3,500,000,000
Common stock issued (shares)	2,038,893,979	2,038,893,979
Common stock outstanding (shares)	1,658,733,133	1,675,487,409
Common stock held in treasury (shares)	380,160,846	363,406,570

Consolidated Statement of Chang

Consolidated Statement of Changes in Total Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings		Employee Stock Trusts	Accumulated Other Comprehensive Income (Loss)	Common Stock Held in Treasury at Cost	Common Stock Issued to Employee Stock Trusts	Noncontrolling Interests
Beginning and ending balance at Dec. 31, 2021		$ 7,750	$ 20	$ 28,841	$ 89,432		$ 3,955	$ (3,102)	$ (17,500)	$ (3,955)	$ 1,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(448)			945		1,582	(945)
Other net increases (decreases)				1	(3)						(56)
Net income applicable to Morgan Stanley	$ 6,161				6,161
Preferred stock dividends	(228)				(228)	[1]
Common stock dividends	(2,473)				(2,473)	[1]
Net change in Accumulated other comprehensive income (loss)	(2,044)							(1,919)			(125)
Repurchases of common stock and employee tax withholdings									(6,518)
Net income applicable to noncontrolling interests	90										90
Ending balance at Jun. 30, 2022	102,662		20	28,394	92,889		4,900	(5,021)	(22,436)	(4,900)	1,066
Beginning and ending balance at Mar. 31, 2022		7,750	20	28,007	91,722		4,975	(4,902)	(19,696)	(4,975)	1,174
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				386			(75)		97	75
Other net increases (decreases)				1	(3)						(59)
Net income applicable to Morgan Stanley	2,495				2,495
Preferred stock dividends	(104)				(104)	[1]
Common stock dividends	(1,221)				(1,221)	[1]
Net change in Accumulated other comprehensive income (loss)	(209)							(119)			(90)
Repurchases of common stock and employee tax withholdings									(2,837)
Net income applicable to noncontrolling interests	41										41
Ending balance at Jun. 30, 2022	102,662		20	28,394	92,889		4,900	(5,021)	(22,436)	(4,900)	1,066
Beginning and ending balance at Dec. 31, 2022	101,231	8,750	20	29,339	94,862		4,881	(6,253)	(26,577)	(4,881)	1,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(94)			377		1,402	(377)
Other net increases (decreases)				0	1						(93)
Net income applicable to Morgan Stanley	5,162				5,162
Preferred stock dividends	(277)				(277)	[1]
Common stock dividends	(2,597)				(2,597)	[1]
Net change in Accumulated other comprehensive income (loss)	(161)							(47)			(114)
Repurchases of common stock and employee tax withholdings									(3,305)
Net income applicable to noncontrolling interests	92										92
Ending balance at Jun. 30, 2023	101,361		20	29,245	97,151		5,258	(6,300)	(28,480)	(5,258)	975
Beginning and ending balance at Mar. 31, 2023		$ 8,750	20	28,856	96,392		5,343	(5,711)	(27,481)	(5,343)	1,128
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				389			(85)		98	85
Other net increases (decreases)				0	2						(97)
Net income applicable to Morgan Stanley	2,182				2,182
Preferred stock dividends	(133)				(133)	[1]
Common stock dividends	(1,292)				(1,292)	[1]
Net change in Accumulated other comprehensive income (loss)	(684)							(589)			(95)
Repurchases of common stock and employee tax withholdings									(1,097)
Net income applicable to noncontrolling interests	39										39
Ending balance at Jun. 30, 2023	$ 101,361		$ 20	$ 29,245	$ 97,151		$ 5,258	$ (6,300)	$ (28,480)	$ (5,258)	$ 975
[1]See Note 16 for information regarding dividends per share for each class of stock.

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 5,254	$ 6,251
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Stock-based compensation expense	981	849
Depreciation and amortization	1,862	1,863
Provision for credit losses	395	158
Other operating adjustments	116	356
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	(31,849)	(15,183)
Securities borrowed	(5,752)	(8,795)
Securities loaned	(2,310)	1,486
Customer and other receivables and other assets	3,032	13,193
Customer and other payables and other liabilities	(1,082)	11,719
Securities purchased under agreements to resell	15,993	(736)
Securities sold under agreements to repurchase	(6,171)	3,991
Net cash provided by (used for) operating activities	(19,531)	15,152
Proceeds from (payments for):
Other assets—Premises, equipment and software	(1,570)	(1,451)
Changes in loans, net	(1,654)	(18,525)
AFS securities:
Purchases	(6,413)	(18,623)
Proceeds from sales	4,739	21,368
Proceeds from paydowns and maturities	6,890	8,444
HTM securities:
Purchases	0	(4,910)
Proceeds from paydowns and maturities	3,386	5,662
Other investing activities	(178)	(334)
Net cash provided by (used for) investing activities	5,200	(8,369)
Net proceeds from (payments for):
Other secured financings	(138)	(1,859)
Deposits	(8,134)	(7,807)
Proceeds from issuance of Borrowings	40,061	39,773
Payments for:
Borrowings	(34,259)	(19,514)
Repurchases of common stock and employee tax withholdings	(3,294)	(6,518)
Cash dividends	(2,785)	(2,618)
Other financing activities	(232)	(151)
Net cash provided by (used for) financing activities	(8,781)	1,306
Effect of exchange rate changes on cash and cash equivalents	(21)	(4,528)
Net increase (decrease) in cash and cash equivalents	(23,133)	3,561
Cash and cash equivalents, at beginning of period	128,127	127,725
Cash and cash equivalents, at end of period	104,994	131,286
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	19,162	1,407
Cash payments for income taxes, net of refunds	$ 978	$ 1,988

Introduction and Basis of Prese

Introduction and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Introduction and Basis of Presentation The Firm Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments—Institutional Securities, Wealth Management and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Unless the context otherwise requires, the terms “Morgan Stanley” or the “Firm” mean Morgan Stanley (the “Parent Company”) together with its consolidated subsidiaries. See the “Glossary of Common Terms and Acronyms” for the definition of certain terms and acronyms used throughout this Form 10-Q. A description of the clients and principal products and services of each of the Firm’s business segments is as follows: Institutional Securities provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Investment Banking services consist of capital raising and financial advisory services, including the underwriting of debt, equity securities and other products, as well as advice on mergers and acquisitions, restructurings and project finance. Our Equity and Fixed Income businesses include sales, financing, prime brokerage, market-making, Asia wealth management services and certain business-related investments. Lending activities include originating corporate loans and commercial real estate loans, providing secured lending facilities, and extending securities-based and other financing to customers. Other activities include research. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage, custody, administrative and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services. Investment Management provides a broad range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Strategies and products, which are offered through a variety of investment vehicles, include equity, fixed income, alternatives and solutions, and liquidity and overlay services. Institutional clients include defined benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors and corporations. Individual clients are generally served through intermediaries, including affiliated and non-affiliated distributors. Basis of Financial Information The financial statements are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the valuations of goodwill and intangible assets, the outcome of legal and tax matters, deferred tax assets, ACL, and other matters that affect its financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. The Notes are an integral part of the Firm’s financial statements. The Firm has evaluated subsequent events for adjustment to or disclosure in these financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2022 Form 10-K. Certain footnote disclosures included in the 2022 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year. Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 14). Intercompany balances and transactions have been eliminated. For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as Noncontrolling interests. The net income attributable to Noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the income statement. The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as Noncontrolling interests, a component of Total equity, in the balance sheet. For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2022 Form 10-K.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting PoliciesFor a detailed discussion about the Firm’s significant accounting policies and for further information on accounting updates adopted in the prior year, see Note 2 to the financial statements in the 2022 Form 10-K. During the six months ended June 30, 2023 there were no significant updates to the Firm’s significant accounting policies, other than for the accounting update adopted. Accounting Update Adopted in 2023 Financial Instruments - Credit Losses The Firm adopted the Financial Instruments-Credit Losses accounting update on January 1, 2023, with no impact on the Firm’s financial condition or results of operations upon adoption. This accounting update eliminates the accounting guidance for troubled debt restructurings (“TDRs”) and requires new disclosures regarding certain modifications of financing receivables ( i.e ., principal forgiveness, interest rate reductions, other-than-insignificant payment delays and term extensions) to borrowers experiencing financial difficulty. The update also requires disclosure of current period gross charge-offs by year of origination for financing receivables measured at amortized cost. Refer to Note 9, Loans, Lending Commitments and Related Allowance for Credit Losses, for the new disclosures.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents $ in millions At At Cash and due from banks $ 5,690 $ 5,409 Interest bearing deposits with banks 99,304 122,718 Total Cash and cash equivalents $ 104,994 $ 128,127 Restricted cash $ 32,785 $ 35,380 For additional information on cash and cash equivalents, including restricted cash, see Note 2 to the financial statements in the 2022 Form 10-K.

Fair Values

Fair Values	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Values	Fair Values Recurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis At June 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 51,900 $ 31,554 $ — $ — $ 83,454 Other sovereign government obligations 31,906 8,050 128 — 40,084 State and municipal securities — 1,638 40 — 1,678 MABS — 2,286 486 — 2,772 Loans and lending commitments 2 — 6,064 2,400 — 8,464 Corporate and other debt — 30,505 2,223 — 32,728 Corporate equities 3 104,831 934 166 — 105,931 Derivative and other contracts: Interest rate 3,851 197,854 650 — 202,355 Credit — 9,710 403 — 10,113 Foreign exchange 46 93,501 191 — 93,738 Equity 2,118 50,969 367 — 53,454 Commodity and other 2,893 12,309 3,102 — 18,304 Netting 1 (6,794) (288,327) (1,030) (38,909) (335,060) Total derivative and other contracts 2,114 76,016 3,683 (38,909) 42,904 Investments 4 697 742 968 — 2,407 Physical commodities — 2,504 — — 2,504 Total trading assets 4 191,448 160,293 10,094 (38,909) 322,926 Investment securities—AFS 47,973 31,594 — — 79,567 Securities purchased under agreements to resell — 9 — — 9 Total assets at fair value $ 239,421 $ 191,896 $ 10,094 $ (38,909) $ 402,502 At June 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 5,945 $ 36 $ — $ 5,981 Trading liabilities: U.S. Treasury and agency securities 18,163 35 — — 18,198 Other sovereign government obligations 29,309 2,878 4 — 32,191 Corporate and other debt — 11,120 42 — 11,162 Corporate equities 3 54,266 419 43 — 54,728 Derivative and other contracts: Interest rate 3,067 191,901 601 — 195,569 Credit — 10,124 307 — 10,431 Foreign exchange 40 88,388 163 — 88,591 Equity 2,601 57,894 1,142 — 61,637 Commodity and other 3,496 11,481 1,686 — 16,663 Netting 1 (6,794) (288,327) (1,030) (45,977) (342,128) Total derivative and other contracts 2,410 71,461 2,869 (45,977) 30,763 Total trading liabilities 104,148 85,913 2,958 (45,977) 147,042 Securities sold under agreements to repurchase — 675 454 — 1,129 Other secured financings — 5,448 90 — 5,538 Borrowings — 86,038 1,787 — 87,825 Total liabilities at fair value $ 104,148 $ 184,019 $ 5,325 $ (45,977) $ 247,515 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,462 $ 42,263 $ 17 $ — $ 80,742 Other sovereign government obligations 24,644 4,769 169 — 29,582 State and municipal securities — 1,503 145 — 1,648 MABS — 1,774 416 — 2,190 Loans and lending commitments 2 — 6,380 2,017 — 8,397 Corporate and other debt — 23,351 2,096 — 25,447 Corporate equities 3 97,869 1,019 116 — 99,004 Derivative and other contracts: Interest rate 4,481 166,392 517 — 171,390 Credit — 7,876 425 — 8,301 Foreign exchange 49 115,766 183 — 115,998 Equity 2,778 40,171 406 — 43,355 Commodity and other 5,609 21,152 3,701 — 30,462 Netting 1 (9,618) (258,821) (1,078) (55,777) (325,294) Total derivative and other contracts 3,299 92,536 4,154 (55,777) 44,212 Investments 4 652 685 923 — 2,260 Physical commodities — 2,379 — — 2,379 Total trading assets 4 164,926 176,659 10,053 (55,777) 295,861 Investment securities—AFS 53,866 30,396 35 — 84,297 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 218,792 $ 207,063 $ 10,088 $ (55,777) $ 380,166 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 4,776 $ 20 $ — $ 4,796 Trading liabilities: U.S. Treasury and agency securities 20,776 228 — — 21,004 Other sovereign government obligations 23,235 2,688 3 — 25,926 Corporate and other debt — 8,786 29 — 8,815 Corporate equities 3 59,998 518 42 — 60,558 Derivative and other contracts: Interest rate 3,446 161,044 668 — 165,158 Credit — 7,987 315 — 8,302 Foreign exchange 89 113,383 117 — 113,589 Equity 3,266 46,923 1,142 — 51,331 Commodity and other 6,187 17,574 2,618 — 26,379 Netting 1 (9,618) (258,821) (1,078) (57,107) (326,624) Total derivative and other contracts 3,370 88,090 3,782 (57,107) 38,135 Total trading liabilities 107,379 100,310 3,856 (57,107) 154,438 Securities sold under agreements to repurchase — 352 512 — 864 Other secured financings — 4,459 91 — 4,550 Borrowings — 77,133 1,587 — 78,720 Total liabilities at fair value $ 107,379 $ 187,030 $ 6,066 $ (57,107) $ 243,368 MABS—Mortgage- and asset-backed securities 1. For positions with the same counterparty that cross over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within that level. For further information on derivative instruments and hedging activities, see Note 6. 2. For a further breakdown by type, see the following Detail of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes. 4. Amounts exclude certain investments that are measured based on NAV per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Net Asset Value Measurements” herein. Detail of Loans and Lending Commitments at Fair Value $ in millions At At Secured lending facilities $ — $ 6 Commercial Real Estate 917 528 Residential Real Estate 2,447 2,020 Securities-based lending and Other loans 5,100 5,843 Total $ 8,464 $ 8,397 Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 1,492 $ 1,219 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables. For a description of the valuation techniques applied to the Firm’s major categories of assets and liabilities measured at fair value on a recurring basis, see Note 5 to the financial statements in the 2022 Form 10-K. During the current quarter, there were no significant revisions made to the Firm’s valuation techniques. Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ 1 $ 8 $ 17 $ 2 Purchases — 4 — 4 Sales (1) (3) (17) (2) Net transfers — — — 5 Ending balance $ — $ 9 $ — $ 9 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 196 $ 188 $ 169 $ 211 Realized and unrealized gains (losses) 3 — 6 — Purchases 6 20 29 44 Sales (44) (45) (73) (104) Net transfers (33) (2) (3) 10 Ending balance $ 128 $ 161 $ 128 $ 161 Unrealized gains (losses) $ — $ — $ 4 $ — State and municipal securities Beginning balance $ 3 $ — $ 145 $ 13 Realized and unrealized gains (losses) 1 — 3 — Purchases 45 — 50 — Sales (100) — (130) — Net transfers 91 29 (28) 16 Ending balance $ 40 $ 29 $ 40 $ 29 Unrealized gains (losses) $ 1 $ — $ 3 $ — MABS Beginning balance $ 454 $ 351 $ 416 $ 344 Realized and unrealized gains (losses) 7 (1) 15 (2) Purchases 42 45 177 82 Sales (44) (62) (160) (149) Net transfers 27 6 38 64 Ending balance $ 486 $ 339 $ 486 $ 339 Unrealized gains (losses) $ 7 $ (2) $ 14 $ (2) Loans and lending commitments Beginning balance $ 2,057 $ 3,141 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (34) 11 (70) 37 Purchases and originations 656 367 924 677 Sales (256) (382) (290) (618) Settlements (177) (660) (236) (981) Net transfers 154 30 55 (414) Ending balance $ 2,400 $ 2,507 $ 2,400 $ 2,507 Unrealized gains (losses) $ (57) $ 6 $ (86) $ 21 Corporate and other debt Beginning balance $ 2,243 $ 1,753 $ 2,096 $ 1,973 Realized and unrealized gains (losses) (43) 5 41 15 Purchases and originations 134 267 330 595 Sales (239) (360) (401) (548) Settlements — (16) — (130) Net transfers 128 464 157 208 Ending balance $ 2,223 $ 2,113 $ 2,223 $ 2,113 Unrealized gains (losses) $ (31) $ 7 $ 77 $ 11 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Corporate equities Beginning balance $ 144 $ 239 $ 116 $ 115 Realized and unrealized gains (losses) (24) — (24) (1) Purchases 18 51 35 78 Sales (22) (87) (30) (72) Net transfers 50 43 69 126 Ending balance $ 166 $ 246 $ 166 $ 246 Unrealized gains (losses) $ (21) $ — $ (17) $ — Investments Beginning balance $ 955 $ 1,120 $ 923 $ 1,125 Realized and unrealized gains (losses) (11) (111) 8 (135) Purchases 100 27 147 46 Sales (84) (11) (107) (14) Net transfers 8 2 (3) 5 Ending balance $ 968 $ 1,027 $ 968 $ 1,027 Unrealized gains (losses) $ (16) $ (106) $ (2) $ (131) Investment securities—AFS Beginning balance $ — $ — $ 35 $ — Realized and unrealized gains (losses) — (2) 1 (2) Net transfers — 40 (36) 40 Ending balance $ — $ 38 $ — $ 38 Unrealized gains (losses) $ — $ (2) $ — $ (2) Net derivatives: Interest rate Beginning balance $ (217) $ 634 $ (151) $ 708 Realized and unrealized gains (losses) 116 (275) (174) (533) Purchases 2 2 8 — Issuances (6) (3) (4) — Settlements 32 (173) 282 (131) Net transfers 122 (287) 88 (146) Ending balance $ 49 $ (102) $ 49 $ (102) Unrealized gains (losses) $ (30) $ (266) $ 8 $ (372) Net derivatives: Credit Beginning balance $ 48 $ 93 $ 110 $ 98 Realized and unrealized gains (losses) 40 (21) 7 232 Purchases — 8 — — Issuances — (7) — (3) Settlements (6) 94 (19) (168) Net transfers 14 23 (2) 31 Ending balance $ 96 $ 190 $ 96 $ 190 Unrealized gains (losses) $ 47 $ (4) $ 11 $ 224 Net derivatives: Foreign exchange Beginning balance $ 66 $ (33) $ 66 $ 52 Realized and unrealized gains (losses) 18 124 (40) (13) Purchases — 4 — — Issuances — — (2) — Settlements 19 (148) 38 (46) Net transfers (75) (278) (34) (324) Ending balance $ 28 $ (331) $ 28 $ (331) Unrealized gains (losses) $ 25 $ 123 $ (32) $ 7 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Equity Beginning balance $ (777) $ (654) $ (736) $ (945) Realized and unrealized gains (losses) (100) 142 (50) 171 Purchases 57 28 99 28 Issuances (208) (69) (320) (52) Settlements 68 167 97 290 Net transfers 185 (144) 135 (22) Ending balance $ (775) $ (530) $ (775) $ (530) Unrealized gains (losses) $ (102) $ 113 $ (115) $ 289 Net derivatives: Commodity and other Beginning balance $ 1,599 $ 1,434 $ 1,083 $ 1,529 Realized and unrealized gains (losses) 195 359 604 187 Purchases 1 10 36 10 Issuances (7) (21) (27) (26) Settlements (126) (384) (205) (238) Net transfers (246) (54) (75) (118) Ending balance $ 1,416 $ 1,344 $ 1,416 $ 1,344 Unrealized gains (losses) $ 39 $ 219 $ 287 $ (174) Deposits Beginning balance $ 29 $ 26 $ 20 $ 67 Issuances 14 2 19 2 Settlements — (2) — (6) Net transfers (7) (7) (3) (44) Ending balance $ 36 $ 19 $ 36 $ 19 Unrealized losses (gains) $ — $ — $ — $ — Nonderivative trading liabilities Beginning balance $ 160 $ 48 $ 74 $ 61 Realized and unrealized losses (gains) — — (12) (4) Purchases (82) (43) (127) (48) Sales 24 37 120 29 Net transfers (13) 62 34 66 Ending balance $ 89 $ 104 $ 89 $ 104 Unrealized losses (gains) $ (1) $ — $ (12) $ (4) Securities sold under agreements to repurchase Beginning balance $ 514 $ 516 $ 512 $ 651 Realized and unrealized losses (gains) (3) (10) 7 (7) Issuances — 9 1 9 Settlements — (1) (9) (12) Net transfers (57) — (57) (127) Ending balance $ 454 $ 514 $ 454 $ 514 Unrealized losses (gains) $ (4) $ (10) $ 7 $ (7) Other secured financings Beginning balance $ 115 $ 120 $ 91 $ 403 Realized and unrealized losses (gains) 1 (4) 3 (6) Issuances 2 4 43 31 Settlements (28) (8) (47) (313) Net transfers — — — (3) Ending balance $ 90 $ 112 $ 90 $ 112 Unrealized losses (gains) $ 1 $ (4) $ 3 $ (6) Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Borrowings Beginning balance $ 1,649 $ 2,399 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 1 (312) 44 (476) Issuances 257 158 512 308 Settlements (52) (183) (181) (215) Net transfers (68) 263 (175) 551 Ending balance $ 1,787 $ 2,325 $ 1,787 $ 2,325 Unrealized losses (gains) $ (1) $ (306) $ 26 $ (479) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 11 (63) 22 (96) Level 3 instruments may be hedged with instruments classified in Level 1 and Level 2. The realized and unrealized gains or losses for assets and liabilities within the Level 3 category presented in the previous tables do not reflect the related realized and unrealized gains or losses on hedging instruments that have been classified by the Firm within the Level 1 and/or Level 2 categories. The unrealized gains (losses) during the period for assets and liabilities within the Level 3 category may include changes in fair value during the period that were attributable to both observable and unobservable inputs. Total realized and unrealized gains (losses) are primarily included in Trading revenues in the income statement. Additionally, in the previous tables, consolidations of VIEs are included in Purchases, and deconsolidations of VIEs are included in Settlements. Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 128 $ 169 Comparable pricing: Bond price 61 to 114 points (90 points) 57 to 124 points (89 points) State and municipal securities $ 40 $ 145 Comparable pricing: Bond price N/M 86 to 100 points (97 points) MABS $ 486 $ 416 Comparable pricing: Bond price 0 to 89 points (65 points) 0 to 95 points (68 points) Loans and lending commitments $ 2,400 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 89 to 104 points (98 points) 87 to 105 points (99 points) Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Corporate and other debt $ 2,223 $ 2,096 Comparable pricing: Bond price 51 to 138 points (89 points) 51 to 132 points (90 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 166 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 968 $ 923 Discounted cash flow: WACC 15% to 17% (16%) 15% to 17% (16%) Exit multiple 9 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 21 times 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (86%) 24% to 100% (89%) Net derivative and other contracts: Interest rate $ 49 $ (151) Option model: IR volatility skew 56% to 187% (81% / 84%) 105% to 130% (113% / 109%) IR curve correlation 56% to 99% (82% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 2% (1% / 1%) N/M Inflation volatility 22% to 70% (44% / 38%) 22% to 65% (43% / 38%) IR curve N/M 4% to 5% (5% / 5%) Credit $ 96 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 bps (48 points) 0 to 83 points (43 points) Credit spread 10 to 453 bps (98 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (58 bps) 18 to 590 bps (93 bps) Foreign exchange 2 $ 28 $ 66 Option model: IR curve 3% to 7% (5% / 6%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -1% to 13% (3% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (775) $ (736) Option model: Equity volatility 7% to 94% (21%) 5% to 96% (25%) Equity volatility skew -2% to 0% (-1%) -4% to 0% (-1%) Equity correlation 9% to 97% (67%) 10% to 93% (71%) FX correlation -79% to 65% (-27%) -79% to 65% (-26%) IR correlation 10% to 30% (14%) 10% to 30% (-14%) Commodity and other $ 1,416 $ 1,083 Option model: Forward power price $1 to $332 ($35) per MWh $1 to $292 ($43) per MWh Commodity volatility 12% to 180% (35%) 12% to 169% (34%) Cross-commodity correlation 57% to 100% (94%) 70% to 100% (94%) Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 454 $ 512 Discounted cash flow: Funding spread 81 to 129 bps (100 bps) 96 to 165 bps (131 bps) Other secured financings $ 90 $ 91 Comparable pricing: Loan price 23 to 100 points (78 points) 23 to 101 points (75 points) Borrowings $ 1,787 $ 1,587 Option model: Equity volatility 11% to 71% (22%) 7% to 86% (23%) Equity volatility skew -2% to 0% (0%) -2% to 0% (0%) Equity correlation 41% to 95% (77%) 39% to 98% (86%) Equity - FX correlation -60% to 6% (-28%) -50% to 0% (-21%) IR curve correlation 56% to 92% (72% / 71%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,177 $ 6,610 Corporate loan model: Credit spread 97 to 1236 bps (808 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 14 to 95 points (69 points) 36 to 80 points (65 points) Warehouse model: Credit spread 149 to 296 bps (249 bps) 110 to 319 bps (245 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products). The previous table provides information on the valuation techniques, significant unobservable inputs, and the ranges and averages for each major category of assets and liabilities measured at fair value on a recurring and nonrecurring basis with a significant Level 3 balance. The level of aggregation and breadth of products cause the range of inputs to be wide and not evenly distributed across the inventory of financial instruments. Further, the range of unobservable inputs may differ across firms in the financial services industry because of diversity in the types of products included in each firm’s inventory. Generally, there are no predictable relationships between multiple significant unobservable inputs attributable to a given valuation technique. For a description of the Firm’s significant unobservable inputs and qualitative information about the effect of hypothetical changes in the values of those inputs, see Note 5 to the financial statements in the 2022 Form 10-K. During the current quarter, there were no significant revisions made to the descriptions of the Firm’s significant unobservable inputs. Net Asset Value Measurements Fund Interests At June 30, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,533 $ 564 $ 2,622 $ 638 Real estate 2,797 260 2,642 239 Hedge 1 198 3 190 3 Total $ 5,528 $ 827 $ 5,454 $ 880 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. Amounts in the previous table represent the Firm’s carrying value of general and limited partnership interests in fund investments, as well as any related performance-based income in the form of carried interest. The carrying amounts are measured based on the NAV of the fund taking into account the distribution terms applicable to the interest held. This same measurement applies whether the fund investments are accounted for under the equity method or fair value. For a description of the Firm’s investments in private equity funds, real estate funds and hedge funds, which are measured based on NAV, see Note 5 to the financial statements in the 2022 Form 10-K. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. See Note 19 for information regarding unrealized carried interest at risk of reversal. Nonredeemable Funds by Contractual Maturity Carrying Value at June 30, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,176 $ 996 5-10 years 1,289 1,756 Over 10 years 68 45 Total $ 2,533 $ 2,797 Nonrecurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At June 30, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,447 $ 5,177 $ 9,624 Other assets—Other investments — 2 2 Other assets—ROU assets 11 — 11 Total $ 4,458 $ 5,179 $ 9,637 Liabilities Other liabilities and accrued expenses—Lending commitments $ 194 $ 71 $ 265 Total $ 194 $ 71 $ 265 At December 31, 2022 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,193 $ 6,610 $ 10,803 Other assets—Other investments — 7 7 Other assets—ROU assets 4 — 4 Total $ 4,197 $ 6,617 $ 10,814 Liabilities Other liabilities and accrued expenses—Lending commitments $ 275 $ 153 $ 428 Total $ 275 $ 153 $ 428 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Assets Loans 2 $ (87) $ (167) $ (116) $ (221) Other assets—Other investments 3 (1) (4) (1) (6) Other assets—Premises, equipment and software 4 (1) (1) (4) (2) Other assets—ROU assets 5 (10) (4) (10) (6) Total $ (99) $ (176) $ (131) $ (235) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 5 $ (191) $ 30 $ (210) Total $ 5 $ (191) $ 30 $ (210) 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise, they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments, which exclude the impact of related economic hedges, are calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable. 3. Losses related to Other assets—Other investments were determined using techniques that included discounted cash flow models, methodologies that incorporate multiples of certain comparable companies and recently executed transactions. 4. Losses related to Other assets—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets. 5. Losses related to Other Assets—ROU assets include impairments related to the discontinued leased properties. Financial Instruments Not Measured at Fair Value At June 30, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 104,994 $ 104,994 $ — $ — $ 104,994 Investment securities—HTM 72,225 25,127 35,806 1,029 61,962 Securities purchased under agreements to resell 97,905 — 95,212 2,655 97,867 Securities borrowed 139,126 — 139,126 — 139,126 Customer and other receivables 70,301 — 66,104 3,893 69,997 Loans 1 215,812 — 27,491 180,696 208,187 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 342,530 $ — $ 342,206 $ — $ 342,206 Securities sold under agreements to repurchase 55,234 — 55,191 — 55,191 Securities loaned 13,369 — 13,365 — 13,365 Other secured financings 2,756 — 2,756 — 2,756 Customer and other payables 216,761 — 216,761 — 216,761 Borrowings 160,148 — 160,345 4 160,349 Commitment Lending commitments 2 $ 145,143 $ — $ 1,724 $ 839 $ 2,563 At December 31, 2022 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 128,127 $ 128,127 $ — $ — $ 128,127 Investment securities—HTM 75,634 26,754 37,218 1,034 65,006 Securities purchased under agreements to resell 113,899 — 111,188 2,681 113,869 Securities borrowed 133,374 — 133,370 — 133,370 Customer and other receivables 73,248 — 69,268 3,664 72,932 Loans 1 213,785 — 24,153 181,561 205,714 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 351,850 $ — $ 351,721 $ — $ 351,721 Securities sold under agreements to repurchase 61,670 — 61,620 — 61,620 Securities loaned 15,679 — 15,673 — 15,673 Other secured financings 3,608 — 3,608 — 3,608 Customer and other payables 216,018 — 216,018 — 216,018 Borrowings 159,338 — 157,780 4 157,784 Commitment Lending commitments 2 $ 136,241 $ — $ 1,789 $ 1,077 $ 2,866 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13.

Fair Value Option

Fair Value Option	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option The Firm has elected the fair value option for certain eligible instruments that are risk managed on a fair value basis to mitigate income statement volatility caused by measurement basis differences between the elected instruments and their associated risk management transactions or to eliminate complexities of applying certain accounting models. Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 44,901 $ 38,945 Interest rates 28,097 26,077 Commodities 11,274 10,717 Credit 2,048 1,564 Foreign exchange 1,505 1,417 Total $ 87,825 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Trading revenues $ (513) $ 7,672 $ (4,891) $ 12,327 Interest expense 119 64 227 136 Net revenues 1 $ (632) $ 7,608 $ (5,118) $ 12,191 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (losses) from changes in fair value are recorded in Trading revenues and are mainly attributable to movements in the reference price or index, interest rates or foreign exchange rates. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended June 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (61) $ — $ (15) $ — Lending commitments — — (1) — Deposits — (76) — 21 Borrowings (3) (625) 1 1,499 Six Months Ended June 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (104) $ — $ 9 $ — Lending commitments 11 — (1) — Deposits — 17 — 14 Borrowings (9) (742) 1 2,377 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (1,182) $ (457) 1. Loans and other receivables-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other receivables 2 $ 11,267 $ 11,916 Nonaccrual loans 2 8,487 9,128 Borrowings 3 4,291 5,203 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other receivables relates to distressed debt positions purchased at amounts well below par. 3. Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. The previous tables exclude non-recourse debt from consolidated VIEs, liabilities related to transfers of financial assets treated as collateralized financings, pledged commodities and other liabilities that have specified assets attributable to them. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 433 $ 585 Nonaccrual loans 90 or more days past due 61 116

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Fair Values of Derivative Contracts Assets at June 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 31 $ — $ — $ 31 Foreign exchange 189 43 — 232 Total 220 43 — 263 Not designated as accounting hedges Economic hedges of loans Credit 2 55 — 57 Other derivatives Interest rate 135,418 65,667 1,239 202,324 Credit 6,792 3,264 — 10,056 Foreign exchange 90,937 2,515 54 93,506 Equity 20,461 — 32,993 53,454 Commodity and other 14,994 — 3,310 18,304 Total 268,604 71,501 37,596 377,701 Total gross derivatives $ 268,824 $ 71,544 $ 37,596 $ 377,964 Amounts offset Counterparty netting (192,033) (69,786) (35,352) (297,171) Cash collateral netting (36,648) (1,241) — (37,889) Total in Trading assets $ 40,143 $ 517 $ 2,244 $ 42,904 Amounts not offset 1 Financial instruments collateral (20,365) — — (20,365) Net amounts $ 19,778 $ 517 $ 2,244 $ 22,539 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,021 Liabilities at June 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 425 $ — $ — $ 425 Foreign exchange 101 40 — 141 Total 526 40 — 566 Not designated as accounting hedges Economic hedges of loans Credit 19 562 — 581 Other derivatives Interest rate 128,890 65,366 888 195,144 Credit 6,593 3,257 — 9,850 Foreign exchange 85,470 2,921 59 88,450 Equity 29,578 — 32,059 61,637 Commodity and other 12,706 — 3,957 16,663 Total 263,256 72,106 36,963 372,325 Total gross derivatives $ 263,782 $ 72,146 $ 36,963 $ 372,891 Amounts offset Counterparty netting (192,033) (69,786) (35,352) (297,171) Cash collateral netting (42,666) (2,291) — (44,957) Total in Trading liabilities $ 29,083 $ 69 $ 1,611 $ 30,763 Amounts not offset 1 Financial instruments collateral (3,181) (20) (14) (3,215) Net amounts $ 25,902 $ 49 $ 1,597 $ 27,548 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,911 Assets at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 62 $ 1 $ — $ 63 Foreign exchange 15 44 — 59 Total 77 45 — 122 Not designated as accounting hedges Economic hedges of loans Credit 2 59 — 61 Other derivatives Interest rate 141,291 29,007 1,029 171,327 Credit 5,888 2,352 — 8,240 Foreign exchange 113,540 2,337 62 115,939 Equity 16,505 — 26,850 43,355 Commodity and other 24,298 — 6,164 30,462 Total 301,524 33,755 34,105 369,384 Total gross derivatives $ 301,601 $ 33,800 $ 34,105 $ 369,506 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (44,711) (1,348) — (46,059) Total in Trading assets $ 42,117 $ 202 $ 1,893 $ 44,212 Amounts not offset 1 Financial instruments collateral (19,406) — — (19,406) Net amounts $ 22,711 $ 202 $ 1,893 $ 24,806 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,318 Liabilities at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 457 $ 4 $ — $ 461 Foreign exchange 550 101 — 651 Total 1,007 105 — 1,112 Not designated as accounting hedges Economic hedges of loans Credit 9 368 — 377 Other derivatives Interest rate 135,661 28,581 455 164,697 Credit 5,535 2,390 — 7,925 Foreign exchange 110,322 2,512 104 112,938 Equity 23,138 — 28,193 51,331 Commodity and other 19,631 — 6,748 26,379 Total 294,296 33,851 35,500 363,647 Total gross derivatives $ 295,303 $ 33,956 $ 35,500 $ 364,759 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (45,884) (1,505) — (47,389) Total in Trading liabilities $ 34,646 $ 201 $ 3,288 $ 38,135 Amounts not offset 1 Financial instruments collateral (2,545) — (1,139) (3,684) Net amounts $ 32,101 $ 201 $ 2,149 $ 34,451 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 6,430 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. See Note 4 for information related to the unsettled fair value of futures contracts not designated as accounting hedges, which are excluded from the previous tables. Notionals of Derivative Contracts Assets at June 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 113 $ — $ 113 Foreign exchange 10 2 — 12 Total 10 115 — 125 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 3,996 9,262 638 13,896 Credit 202 131 — 333 Foreign exchange 3,709 205 10 3,924 Equity 526 — 422 948 Commodity and other 137 — 69 206 Total 8,570 9,599 1,139 19,308 Total gross derivatives $ 8,580 $ 9,714 $ 1,139 $ 19,433 Liabilities at June 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 220 $ — $ 222 Foreign exchange 5 2 — 7 Total 7 222 — 229 Not designated as accounting hedges Economic hedges of loans Credit 1 19 — 20 Other derivatives Interest rate 4,000 9,048 383 13,431 Credit 208 127 — 335 Foreign exchange 3,697 159 24 3,880 Equity 585 — 574 1,159 Commodity and other 100 — 82 182 Total 8,591 9,353 1,063 19,007 Total gross derivatives $ 8,598 $ 9,575 $ 1,063 $ 19,236 Assets at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 2 $ 62 $ — $ 64 Foreign exchange 2 2 — 4 Total 4 64 — 68 Not designated as accounting hedges Economic hedges of loans Credit — 3 — 3 Other derivatives Interest rate 3,404 7,609 614 11,627 Credit 190 130 — 320 Foreign exchange 3,477 126 15 3,618 Equity 488 — 358 846 Commodity and other 141 — 59 200 Total 7,700 7,868 1,046 16,614 Total gross derivatives $ 7,704 $ 7,932 $ 1,046 $ 16,682 Liabilities at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 187 $ — $ 190 Foreign exchange 12 2 — 14 Total 15 189 — 204 Not designated as accounting hedges Economic hedges of loans Credit — 15 — 15 Other derivatives Interest rate 3,436 7,761 497 11,694 Credit 199 125 — 324 Foreign exchange 3,516 123 35 3,674 Equity 488 — 552 1,040 Commodity and other 101 — 79 180 Total 7,740 8,024 1,163 16,927 Total gross derivatives $ 7,755 $ 8,213 $ 1,163 $ 17,131 The notional amounts of derivative contracts generally overstate the Firm’s exposure. In most circumstances, notional amounts are used only as a reference point from which to calculate amounts owed between the parties to the contract. Furthermore, notional amounts do not reflect the benefit of legally enforceable netting arrangements or risk mitigating transactions. For a discussion of the Firm’s derivative instruments and hedging activities, see Note 7 to the financial statements in the 2022 Form 10-K. Gains (Losses) on Accounting Hedges Three Months Ended Six Months Ended June 30, June 30, $ in millions 2023 2022 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ 569 $ 396 $ 198 $ 1,191 Investment Securities—AFS (565) (373) (184) (1,124) Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,349) $ (4,017) $ (64) $ (10,250) Deposits 38 30 (16) 118 Borrowings 2,316 3,972 75 10,127 Net investment hedges—Foreign exchange contracts Recognized in OCI $ 95 $ 635 $ 6 $ 774 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 63 (36) 106 (77) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (25) $ — $ (18) $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (2) — (3) — Net change in cash flow hedges included within AOCI (23) — (15) — 1. For the current quarter ended June 30, 2023, there were no forecasted transactions that failed to occur. The net gains (losses) associated with cash flow hedges expected to be reclassified from AOCI within 12 months as of June 30, 2023 is approximately $(14) million. The maximum length of time over which forecasted cash flows are hedged is 2 years. Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Amortized cost basis currently or previously hedged $ 33,301 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,629) $ (1,628) Deposits Carrying amount currently or previously hedged $ 8,333 $ 3,735 Basis adjustments included in carrying amount 1 $ (103) $ (119) Borrowings Carrying amount currently or previously hedged $ 146,393 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (12,844) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (682) $ (715) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges. Gains (Losses) on Economic Hedges of Loans Three Months Ended Six Months Ended June 30, June 30, $ in millions 2023 2022 2023 2022 Recognized in Other revenues Credit contracts 1 $ (84) $ 153 $ (226) $ 204 1. Amounts related to hedges of certain held-for-investment and held-for-sale loans. Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,097 $ 20,287 Collateral posted 12,244 12,268 The previous table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Firm has posted collateral in the normal course of business. Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 504 Two-notch downgrade 350 Bilateral downgrade agreements included in the amounts above 1 $ 749 1. Amount represents arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrades. The additional collateral or termination payments that may be called in the event of a future credit rating downgrade vary by contract and can be based on ratings by either or both of Moody’s Investors Service, Inc. and S&P Global Ratings. The previous table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers. Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at June 30, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 31 $ 37 $ 10 $ 94 Non-investment grade 7 15 19 3 44 Total $ 23 $ 46 $ 56 $ 13 $ 138 Index and basket CDS Investment grade $ 3 $ 9 $ 11 $ — $ 23 Non-investment grade 11 20 114 22 167 Total $ 14 $ 29 $ 125 $ 22 $ 190 Total CDS sold $ 37 $ 75 $ 181 $ 35 $ 328 Other credit contracts — — — 3 3 Total credit protection sold $ 37 $ 75 $ 181 $ 38 $ 331 CDS protection sold with identical protection purchased $ 276 Years to Maturity at December 31, 2022 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 29 $ 29 $ 9 $ 79 Non-investment grade 5 13 16 2 36 Total $ 17 $ 42 $ 45 $ 11 $ 115 Index and basket CDS Investment grade $ 3 $ 13 $ 37 $ 3 $ 56 Non-investment grade 8 17 108 19 152 Total $ 11 $ 30 $ 145 $ 22 $ 208 Total CDS sold $ 28 $ 72 $ 190 $ 33 $ 323 Other credit contracts — — — — — Total credit protection sold $ 28 $ 72 $ 190 $ 33 $ 323 CDS protection sold with identical protection purchased $ 262 Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 1,446 $ 762 Non-investment grade (776) (808) Total $ 670 $ (46) Index and basket CDS Investment grade $ 1,008 $ 859 Non-investment grade (1,655) (1,812) Total $ (647) $ (953) Total CDS sold $ 23 $ (999) Other credit contracts 178 (1) Total credit protection sold $ 201 $ (1,000) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. Internal credit ratings serve as the CRM’s assessment of credit risk and the basis for a comprehensive credit limits framework used to control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor. Protection Purchased with CDS Notional $ in billions At At Single name $ 166 $ 140 Index and basket 163 173 Tranched index and basket 32 26 Total $ 361 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (1,011) $ (33) Index and basket 1,171 1,248 Tranched index and basket (651) (217) Total $ (491) $ 998 The Firm enters into credit derivatives, principally CDS, under which it receives or provides protection against the risk of default on a set of debt obligations issued by a specified reference entity or entities. A majority of the Firm’s counterparties for these derivatives are banks, broker-dealers, and insurance and other financial institutions. The fair value amounts as shown in the previous tables are prior to cash collateral or counterparty netting. For further information on credit derivatives and other credit contracts, see Note 7 to the financial statements in the 2022 Form 10-K.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	AFS and HTM Securities At June 30, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 49,615 $ 34 $ 1,676 $ 47,973 U.S. agency securities 2 26,778 1 2,733 24,046 Agency CMBS 5,859 2 467 5,394 State and municipal securities 1,099 43 9 1,133 FFELP student loan ABS 3 1,050 — 29 1,021 Total AFS securities 84,401 80 4,914 79,567 HTM securities U.S. Treasury securities 26,845 — 1,718 25,127 U.S. agency securities 2 42,494 — 8,225 34,269 Agency CMBS 1,692 — 155 1,537 Non-agency CMBS 1,194 — 165 1,029 Total HTM securities 72,225 — 10,263 61,962 Total investment securities $ 156,626 $ 80 $ 15,177 $ 141,529 At December 31, 2022 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 56,103 $ 17 $ 2,254 $ 53,866 U.S. agency securities 2 23,926 1 2,753 21,174 Agency CMBS 5,998 — 470 5,528 State and municipal securities 2,598 71 42 2,627 FFELP student loan ABS 3 1,147 — 45 1,102 Total AFS securities 89,772 89 5,564 84,297 HTM securities U.S. Treasury securities 28,599 — 1,845 26,754 U.S. agency securities 2 44,038 — 8,487 35,551 Agency CMBS 1,819 — 152 1,667 Non-agency CMBS 1,178 — 144 1,034 Total HTM securities 75,634 — 10,628 65,006 Total investment securities $ 165,406 $ 89 $ 16,192 $ 149,303 1. Amounts are net of any ACL. 2. U.S. agency securities consist mainly of agency mortgage pass-through pool securities, CMOs and agency-issued debt. 3. Underlying loans are backed by a guarantee, ultimately from the U.S. Department of Education, of at least 95% of the principal balance and interest outstanding. AFS Securities in an Unrealized Loss Position At At $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses U.S. Treasury securities Less than 12 months $ 18,829 $ 927 $ 42,144 $ 1,711 12 months or longer 21,602 749 11,454 543 Total 40,431 1,676 53,598 2,254 U.S. agency securities Less than 12 months 6,961 99 13,662 1,271 12 months or longer 16,638 2,634 7,060 1,482 Total 23,599 2,733 20,722 2,753 Agency CMBS Less than 12 months 4,207 227 5,343 448 12 months or longer 1,111 240 185 22 Total 5,318 467 5,528 470 State and municipal securities Less than 12 months 120 — 2,106 40 12 months or longer 393 9 65 2 Total 513 9 2,171 42 FFELP student loan ABS Less than 12 months 162 4 627 23 12 months or longer 859 25 476 22 Total 1,021 29 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 30,279 1,257 63,882 3,493 12 months or longer 40,603 3,657 19,240 2,071 Total $ 70,882 $ 4,914 $ 83,122 $ 5,564 For AFS securities, the Firm believes there are no securities in an unrealized loss position that have credit losses after performing the analysis described in Note 2 in the 2022 Form 10-K and the Firm expects to recover the amortized cost basis of these securities. Additionally, the Firm does not intend to sell these securities and is not likely to be required to sell these securities prior to recovery of the amortized cost basis. As of June 30, 2023 and December 31, 2022, the securities in an unrealized loss position are predominantly investment grade. The HTM securities net carrying amounts at June 30, 2023 and December 31, 2022 reflect an ACL of $39 million and $34 million, respectively, predominantly related to Non-agency CMBS. See Note 2 in the 2022 Form 10-K for a description of the ACL methodology used for HTM Securities. As of June 30, 2023 and December 31, 2022, Non-Agency CMBS HTM securities were predominantly on accrual status and investment grade. See Note 14 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS, and FFELP student loan ABS. Investment Securities by Contractual Maturity At June 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 15,210 $ 14,891 1.1 % After 1 year through 5 years 33,721 32,397 1.4 % After 5 years through 10 years 684 685 3.7 % Total 49,615 47,973 U.S. agency securities: Due within 1 year 23 22 (0.3) % After 1 year through 5 years 479 443 1.5 % After 5 years through 10 years 613 555 1.8 % After 10 years 25,663 23,026 3.4 % Total 26,778 24,046 Agency CMBS: After 1 year through 5 years 1,898 1,810 1.8 % After 5 years through 10 years 2,725 2,579 2.1 % After 10 years 1,236 1,005 1.3 % Total 5,859 5,394 State and municipal securities: Due within 1 year 3 3 5.0 % After 1 year through 5 years 24 24 2.4 % After 5 years through 10 years 19 21 4.3 % After 10 Years 1,053 1,085 3.9 % Total 1,099 1,133 FFELP student loan ABS: After 1 year through 5 years 106 102 5.8 % After 5 years through 10 years 109 105 5.7 % After 10 years 835 814 6.1 % Total 1,050 1,021 Total AFS securities 84,401 79,567 2.1 % At June 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 7,806 7,650 1.9 % After 1 year through 5 years 13,615 12,764 1.8 % After 5 years through 10 years 3,865 3,533 2.4 % After 10 years 1,559 1,180 2.3 % Total 26,845 25,127 U.S. agency securities: After 1 year through 5 years 7 7 1.8 % After 5 years through 10 years 331 302 2.1 % After 10 years 42,156 33,960 1.8 % Total 42,494 34,269 Agency CMBS: Due within 1 year 329 326 1.0 % After 1 year through 5 years 1,114 1,011 1.4 % After 5 years through 10 years 119 98 1.4 % After 10 years 130 102 1.6 % Total 1,692 1,537 Non-agency CMBS: Due within 1 year 192 185 4.0 % After 1 year through 5 years 282 253 4.3 % After 5 years through 10 years 686 561 3.7 % After 10 years 34 30 3.6 % Total 1,194 1,029 Total HTM securities 72,225 61,962 1.9 % Total investment securities 156,626 141,529 2.0 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At June 30, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.1% for AFS securities contractually maturing within 1 year and 2.9% for all AFS securities. Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Gross realized gains $ 7 $ 24 $ 51 $ 150 Gross realized (losses) (17) (6) (20) (88) Total 1 $ (10) $ 18 $ 31 $ 62 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions

Collateralized Transactions	6 Months Ended
	Jun. 30, 2023
Collateralized Agreements [Abstract]
Collateralized Transactions	Collateralized Transactions Offsetting of Certain Collateralized Transactions At June 30, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 209,804 $ (111,890) $ 97,914 $ (94,398) $ 3,516 Securities borrowed 156,774 (17,648) 139,126 (135,147) 3,979 Liabilities Securities sold under agreements to repurchase $ 168,253 $ (111,890) $ 56,363 $ (52,023) $ 4,340 Securities loaned 31,017 (17,648) 13,369 (13,261) 108 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,837 Securities borrowed 768 Securities sold under agreements to repurchase 3,027 Securities loaned 102 At December 31, 2022 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 240,355 $ (126,448) $ 113,907 $ (109,902) $ 4,005 Securities borrowed 145,340 (11,966) 133,374 (128,073) 5,301 Liabilities Securities sold under agreements to repurchase $ 188,982 $ (126,448) $ 62,534 $ (57,395) $ 5,139 Securities loaned 27,645 (11,966) 15,679 (15,199) 480 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,696 Securities borrowed 624 Securities sold under agreements to repurchase 3,861 Securities loaned 250 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. For further discussion of the Firm’s collateralized transactions, see Notes 2 and 9 to the financial statements in the 2022 Form 10-K. For information related to offsetting of derivatives, see Note 6. Gross Secured Financing Balances by Remaining Contractual Maturity At June 30, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 63,534 $ 51,535 $ 17,417 $ 35,767 $ 168,253 Securities loaned 18,844 39 932 11,202 31,017 Total included in the offsetting disclosure $ 82,378 $ 51,574 $ 18,349 $ 46,969 $ 199,270 Trading liabilities— 19,333 — — — 19,333 Total $ 101,711 $ 51,574 $ 18,349 $ 46,969 $ 218,603 At December 31, 2022 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 54,551 $ 77,359 $ 20,586 $ 36,486 $ 188,982 Securities loaned 15,150 882 1,984 9,629 27,645 Total included in the offsetting disclosure $ 69,701 $ 78,241 $ 22,570 $ 46,115 $ 216,627 Trading liabilities— 22,880 — — — 22,880 Total $ 92,581 $ 78,241 $ 22,570 $ 46,115 $ 239,507 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 47,604 $ 57,761 Other sovereign government obligations 87,987 98,839 Corporate equities 19,371 19,340 Other 13,291 13,042 Total $ 168,253 $ 188,982 Securities loaned Other sovereign government obligations $ 916 $ 862 Corporate equities 29,461 26,289 Other 640 494 Total $ 31,017 $ 27,645 Total included in the offsetting disclosure $ 199,270 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 19,287 $ 22,833 Other 46 47 Total $ 19,333 $ 22,880 Total $ 218,603 $ 239,507 Carrying Value of Assets Loaned or Pledged $ in millions At At Trading assets $ 30,663 $ 34,524 The Firm pledges certain of its trading assets to collateralize securities sold under agreements to repurchase, securities loaned, other secured financings and derivatives and to cover customer short sales. Counterparties may or may not have the right to sell or repledge the collateral. Pledged financial instruments that can be sold or repledged by the secured party are identified as Trading assets (pledged to various parties) in the balance sheet. Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell or repledge $ 674,314 $ 637,941 Collateral that was sold or repledged 1 515,526 486,820 1. Does not include securities used to meet federal regulations for the Firm’s U.S. broker-dealers. The Firm receives collateral in the form of securities in connection with securities purchased under agreements to resell, securities borrowed, securities-for-securities transactions, derivative transactions, customer margin loans and securities-based lending. In many cases, the Firm is permitted to sell or repledge this collateral to secure securities sold under agreements to repurchase, to enter into securities lending and derivative transactions or to deliver to counterparties to cover short positions. Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 22,938 $ 32,254 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheet. Customer Margin and Other Lending $ in millions At At Margin and other lending $ 41,975 $ 38,524 The Firm provides margin lending arrangements that allow customers to borrow against the value of qualifying securities. Receivables from these arrangements are included within Customer and other receivables in the balance sheet. Under these arrangements, the Firm receives collateral, which includes U.S. government and agency securities, other sovereign government obligations, corporate and other debt, and corporate equities. Margin loans are collateralized by customer-owned securities held by the Firm. The Firm monitors required margin levels and established credit terms daily and, pursuant to such guidelines, requires customers to deposit additional collateral, or reduce positions, when necessary. For a further discussion of the Firm’s margin lending activities, see Note 9 to the financial statements in the 2022 Form 10-K. Also included in the amounts in the previous table is non-purpose securities-based lending on non-bank entities in the Wealth Management business segment. Other Secured Financings The Firm has additional secured liabilities. For a further discussion of other secured financings, see Note 12.

Loans, Lending Commitments and

Loans, Lending Commitments and Related Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans, Lending Commitments and Related Allowance for Credit Losses	Loans, Lending Commitments and Related Allowance for Credit Losses Loans by Type At June 30, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,835 $ 11,226 $ 18,061 Secured lending facilities 37,795 3,597 41,392 Commercial real estate 8,674 436 9,110 Residential real estate 57,215 24 57,239 Securities-based lending and Other loans 91,090 1 91,091 Total loans 201,609 15,284 216,893 ACL (1,081) (1,081) Total loans, net $ 200,528 $ 15,284 $ 215,812 Loans to non-U.S. borrowers, net $ 25,839 At December 31, 2022 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,589 $ 10,634 $ 17,223 Secured lending facilities 35,606 3,176 38,782 Commercial real estate 8,515 926 9,441 Residential real estate 54,460 4 54,464 Securities-based lending and Other loans 94,666 48 94,714 Total loans 199,836 14,788 214,624 ACL (839) (839) Total loans, net $ 198,997 $ 14,788 $ 213,785 Loans to non-U.S. borrowers, net $ 23,651 For additional information on the Firm’s held-for-investment and held-for-sale loan portfolios, see Note 10 to the financial statements in the 2022 Form 10-K. Loans by Interest Rate Type At June 30, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,061 $ — $ 17,223 Secured lending facilities — 41,392 — 38,782 Commercial real estate 200 8,910 204 9,237 Residential real estate 26,942 30,297 24,903 29,561 Securities-based lending and Other loans 22,778 68,313 24,077 70,637 Total loans, before ACL $ 49,920 $ 166,973 $ 49,184 $ 165,440 See Note 4 for further information regarding Loans and lending commitments held at fair value. See Note 13 for details of current commitments to lend in the future. Loans Held for Investment before Allowance by Origination Year At June 30, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,621 $ 3,708 $ 6,329 $ 2,554 $ 3,456 $ 6,010 2023 8 — 8 2022 — 169 169 6 107 113 2021 15 103 118 — 139 139 2020 — 59 59 — 58 58 2019 — 152 152 — 154 154 Prior — — — 115 — 115 Total $ 2,644 $ 4,191 $ 6,835 $ 2,675 $ 3,914 $ 6,589 At June 30, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 11,300 $ 19,419 $ 30,719 $ 9,445 $ 21,243 $ 30,688 2023 1,548 551 2,099 2022 1,092 1,725 2,817 1,135 1,336 2,471 2021 264 202 466 254 208 462 2020 — 87 87 — 98 98 2019 60 379 439 60 486 546 Prior 207 961 1,168 215 1,126 1,341 Total $ 14,471 $ 23,324 $ 37,795 $ 11,109 $ 24,497 $ 35,606 At June 30, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 175 $ 175 $ — $ 204 $ 204 2023 — 526 526 2022 368 2,068 2,436 379 2,201 2,580 2021 227 1,660 1,887 239 1,609 1,848 2020 — 748 748 — 728 728 2019 399 1,294 1,693 659 1,152 1,811 Prior 104 1,105 1,209 211 1,133 1,344 Total $ 1,098 $ 7,576 $ 8,674 $ 1,488 $ 7,027 $ 8,515 At June 30, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 88 $ 30 $ 5 $ 123 $ — $ 123 2023 3,604 735 115 3,963 491 4,454 2022 11,195 2,472 396 12,945 1,118 14,063 2021 11,350 2,431 252 13,088 945 14,033 2020 7,098 1,474 106 8,235 443 8,678 2019 4,065 912 134 4,799 312 5,111 Prior 8,054 2,357 342 9,913 840 10,753 Total $ 45,454 $ 10,411 $ 1,350 $ 53,066 $ 4,149 $ 57,215 At December 31, 2022 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 90 $ 29 $ 5 $ 124 $ — $ 124 2022 11,481 2,533 411 13,276 1,149 14,425 2021 11,604 2,492 257 13,378 975 14,353 2020 7,292 1,501 115 8,452 456 8,908 2019 4,208 946 137 4,968 323 5,291 2018 1,635 447 52 1,965 169 2,134 Prior 6,853 2,072 300 8,492 733 9,225 Total $ 43,163 $ 10,020 $ 1,277 $ 50,655 $ 3,805 $ 54,460 At June 30, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 73,229 $ 5,689 $ 1,077 $ 79,995 2023 647 318 262 1,227 2022 1,537 909 701 3,147 2021 644 428 340 1,412 2020 — 517 387 904 2019 14 922 557 1,493 Prior 202 1,588 1,122 2,912 Total $ 76,273 $ 10,371 $ 4,446 $ 91,090 December 31, 2022 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 77,115 $ 5,760 $ 1,480 $ 84,355 2022 1,425 1,572 269 3,266 2021 725 525 223 1,473 2020 — 580 418 998 2019 16 913 644 1,573 2018 202 268 304 774 Prior — 1,581 646 2,227 Total $ 79,483 $ 11,199 $ 3,984 $ 94,666 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at June 30, 2023 and December 31, 2022, these loans are predominantly over-collateralized. For more information on the ACL methodology related to securities-based loans, see Note 2 to the financial statements in the 2022 Form 10-K. 2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment. Past Due Loans Held for Investment before Allowance 1 $ in millions At June 30, 2023 At December 31, 2022 Corporate $ 46 $ 112 Secured lending facilities — 85 Residential real estate 139 158 Securities-based lending and Other loans 2 1 Total $ 187 $ 356 1. The majority of the amounts are past due for a period of greater than 90 days. Nonaccrual Loans Held for Investment before Allowance $ in millions At June 30, 2023 At December 31, 2022 Corporate $ 121 $ 71 Secured lending facilities 8 94 Commercial real estate 348 209 Residential real estate 113 118 Securities-based lending and Other loans 58 10 Total 1 $ 648 $ 502 Nonaccrual loans without an ACL $ 135 $ 117 1. Includes all loans held for investment that are 90 days or more past due as of June 30, 2023 and December 31, 2022. See Note 2 to the financial statements in the 2022 Form 10-K for a description of the ACL calculated under the CECL methodology, including credit quality indicators, used for HFI loans. The Firm may modify the terms of certain loans for economic or legal reasons related to a borrower's financial difficulties, and these modifications include interest rate reductions, principal forgiveness, term extensions and other-than-insignificant payment delays or a combination of these aforementioned modifications. Modified loans are typically evaluated individually for allowance for credit losses. As of June 30, 2023, there were no loans held for investment modified in the current year period with subsequent default or past due. Modified Loans Held for Investment Modified during the three months ended June 30, 2023 1 At June 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 2 — % Secured lending facilities 83 0.2 % Commercial real estate 21 0.2 % Securities-based lending and Other loans 30 — % Total $ 136 Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % Modified during the six months ended June 30, 2023 1 At June 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 23 0.3 % Secured lending facilities 83 0.2 % Commercial real estate 21 0.2 % Residential real estate 1 — % Securities-based lending and Other loans 30 — % Total $ 158 Other-than-insignificant Payment Delay Commercial real estate $ 67 0.8 % Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $74 million and $661 million during the current quarter and current year period, respectively as of June 30, 2023. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 3. Combination - Multiple Modifications includes loans with Term extension and Other-than-insignificant payment delay. Financial Impact on Modified Loans Held for Investment Modified during the three months ended June 30, 2023 1 At June 30, 2023 Term Extension Corporate Added 4 years, 3 months to the life of the modified loan Secured lending facilities Added 3 months to the life of the modified loan Commercial real estate Added 1 month to the life of the modified loan Securities-based lending and Other loans Added 2 years, 2 months to the life of the modified loan Combination - Multiple Modification Commercial real estate Added 6 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan Modified during the six months ended June 30, 2023 1 At June 30, 2023 Term Extension Corporate Added a weighted-average 1 year, 2 months to the life of the modified loans Secured lending facilities Added 3 months to the life of the modified loan Commercial real estate Added 4 months to the life of the modified loan Residential real estate Added 4 months to the life of the modified loan Securities-based lending and Other loans Added 2 years, 2 months to the life of the modified loan Other-than-insignificant Payment Delay Commercial real estate Provided a forbearance period of 8 months to the borrower of the modified loan Combination - Multiple Modification Commercial real estate Added 7 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan 1. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Lending commitments — TDRs included modifications of interest rates, collateral requirements, other loan covenants and payment extensions. See Note 2 to the financial statements in the 2022 Form 10-K for further information on TDRs guidance. The accounting guidance for TDRs was eliminated for the Firm, beginning on January 1, 2023. See Note 2 for further information herein. Gross Charge-offs by Origination Year Three Months Ended June 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ 29 $ — $ — $ — $ — $ 29 2020 — — — — 1 1 Total $ 29 $ — $ — $ — $ 1 $ 30 Six Months Ended June 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ 30 $ — $ — $ — $ — $ 30 2020 — — — — 2 2 2019 — — 29 — — 29 Prior — — 40 — — 40 Total $ 30 $ — $ 69 $ — $ 2 $ 101 Provision for Credit Losses Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Loans $ 138 $ 92 $ 339 $ 131 Lending commitments 23 9 56 27 Allowance for Credit Losses Rollforward and Allocation—Loans $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (30) — (69) — (2) (101) Provision (release) 50 3 178 25 83 339 Other 2 — 1 — 1 4 June 30, 2023 $ 257 $ 156 $ 385 $ 112 $ 171 $ 1,081 Percent of loans to total loans 1 4 % 19 % 4 % 28 % 45 % 100 % $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 165 $ 163 $ 206 $ 60 $ 60 $ 654 Gross charge-offs — (3) (7) — (7) (17) Recoveries 4 — — — — 4 Net recoveries (charge-offs) 4 (3) (7) — (7) (13) Provision (release) 47 8 36 24 16 131 Other (4) (1) (6) — 1 (10) June 30, 2022 $ 212 $ 167 $ 229 $ 84 $ 70 $ 762 Percent of loans to total loans 1 3 % 17 % 4 % 26 % 50 % 100 % CRE—Commercial real estate SBL—Securities-based lending 1. Percent of loans to total loans represents loans held for investment by loan type to total loans held for investment. Allowance for Credit Losses Rollforward—Lending Commitments $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 35 10 7 1 3 56 Other 2 — — — — 2 June 30, 2023 $ 448 $ 61 $ 22 $ 5 $ 26 $ 562 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 356 $ 41 $ 20 $ 1 $ 26 $ 444 Provision (release) 24 7 (2) 1 (3) 27 Other (7) — — — — (7) June 30, 2022 $ 373 $ 48 $ 18 $ 2 $ 23 $ 464 The allowance for credit losses for loans and lending commitments increased in the current year period, primarily related to credit deterioration in Commercial real estate lending, mainly in the office sector, modest growth in certain loan portfolios and deterioration in the macroeconomic outlook. The base scenario used in our ACL models as of June 30, 2023 was generated using a combination of consensus economic forecasts, forward rates, and internally developed and validated models, and assumes weak economic growth in 2023, followed by a gradual recovery in 2024. Given the nature of our lending portfolio, the most sensitive model input is U.S. gross domestic product (“GDP”). For a further discussion of the Firm’s loans as well as the Firm’s allowance methodology, refer to Notes 2 and 10 to the financial statements in the 2022 Form 10-K. Selected Credit Ratios At At ACL for loans to total HFI loans 0.5 % 0.4 % Nonaccrual HFI loans to total HFI loans 1 0.3 % 0.3 % ACL for loans to nonaccrual HFI loans 166.8 % 167.1 % 1. These loans are on nonaccrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt. Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,237 $ 4,023 No longer employed by the Firm 2 99 97 Employee loans $ 4,336 $ 4,120 ACL (137) (139) Employee loans, net of ACL $ 4,199 $ 3,981 Remaining repayment term, weighted average in years 5.9 5.8 1. These loans are predominantly current. 2. These loans are predominantly past due for a period of 90 days or more. Employee loans are granted in conjunction with a program established primarily to recruit certain Wealth Management financial advisors, are full recourse and generally require periodic repayments, and are due in full upon termination of employment with the Firm. These loans are recorded in Customer and other receivables in the balance sheet. See Note 2 to the financial statements in the 2022 Form 10-K for a description of the CECL allowance methodology, including credit quality indicators, for employee loans.

Other Assets - Equity Method In

Other Assets - Equity Method Investments	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Other Assets - Equity Method Investments	Other Assets—Equity Method Investments Equity Method Investments $ in millions At At Investments $ 1,870 $ 1,927 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Income (loss) $ 61 $ 17 $ 86 $ 23 Equity method investments, other than investments in certain fund interests, are summarized above and are included in Other assets in the balance sheet with related income or loss included in Other revenues in the income statement. See “Net Asset Value Measurements—Fund Interests” in Note 4 for the carrying value of certain of the Firm’s fund interests, which are composed of general and limited partnership interests, as well as any related carried interest. Japanese Securities Joint Venture Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Income (loss) from investment in MUMSS $ 63 $ 14 $ 92 $ 18 For more information on MUMSS and other relationships with MUFG, see Note 12 to the financial statements in the 2022 Form 10-K.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
Deposits	Deposits Deposits $ in millions At At Savings and demand deposits $ 286,050 $ 319,948 Time deposits 62,461 36,698 Total $ 348,511 $ 356,646 Deposits subject to FDIC insurance $ 270,042 $ 260,420 Deposits not subject to FDIC insurance $ 78,469 $ 96,226 Time Deposit Maturities $ in millions At 2023 $ 18,234 2024 25,185 2025 8,321 2026 4,040 2027 3,187 Thereafter 3,494 Total $ 62,461

Borrowings and Other Secured Fi

Borrowings and Other Secured Financings	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings and Other Secured Financings	Borrowings and Other Secured Financings Borrowings $ in millions At At Original maturities of one year or less $ 4,153 $ 4,191 Original maturities greater than one year Senior $ 231,706 $ 221,667 Subordinated 12,114 12,200 Total $ 243,820 $ 233,867 Total borrowings $ 247,973 $ 238,058 Weighted average stated maturity, in years 1 6.8 6.7 1. Only includes borrowings with original maturities greater than one year. Other Secured Financings $ in millions At At Original maturities: One year or less $ 1,235 $ 944 Greater than one year 7,059 7,214 Total $ 8,294 $ 8,158 Transfers of assets accounted for as secured financings $ 1,936 $ 1,119 Other secured financings include the liabilities related to collateralized notes, transfers of financial assets that are accounted for as financings rather than sales and consolidated VIEs where the Firm is deemed to be the primary beneficiary. These liabilities are generally payable from the cash flows of the related assets accounted for as Trading assets. See Note 14 for further information on other secured financings related to VIEs and securitization activities. For transfers of assets that fail to meet accounting criteria for a sale, the Firm continues to record the assets and recognizes the associated liabilities in the balance sheet.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	Commitments, Guarantees and Contingencies Commitments Years to Maturity at June 30, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 15,330 $ 31,443 $ 56,269 $ 1,286 $ 104,328 Secured lending facilities 8,043 7,352 3,488 1,790 20,673 Commercial and Residential real estate 160 271 16 339 786 Securities-based lending and Other 14,527 4,824 323 429 20,103 Forward-starting secured financing receivables 1 61,949 — — — 61,949 Central counterparty 300 — — 8,464 8,764 Underwriting 394 — — — 394 Investment activities 1,739 194 110 289 2,332 Letters of credit and other financial guarantees 106 35 — 10 151 Total $ 102,548 $ 44,119 $ 60,206 $ 12,607 $ 219,480 Lending commitments participated to third parties $ 7,464 1. Forward-starting secured financing receivables are generally settled within three business days. Since commitments associated with these instruments may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements. For a further description of these commitments, refer to Note 15 to the financial statements in the 2022 Form 10-K. Guarantees At June 30, 2023 Maximum Potential Payout/Notional of Obligations by Years to Maturity Carrying Amount Asset (Liability) $ in millions Less than 1 1-3 3-5 Over 5 Non-credit derivatives 1 $ 1,310,340 $ 1,228,197 $ 321,208 $ 694,877 $ (56,713) Standby letters of credit and other financial guarantees issued 2 1,435 701 1,459 2,800 (16) Market value guarantees 1 — — — — Liquidity facilities 2,324 — — — — Whole loan sales guarantees — 58 29 23,079 — Securitization representations and warranties 3 — — — 78,650 (3) General partner guarantees 366 20 136 41 (89) Client clearing guarantees 237 — — — — 1. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 6. 2. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of June 30, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $79 million. 3. Related to commercial and residential mortgage securitizations. The Firm has obligations under certain guarantee arrangements, including contracts and indemnification agreements, that contingently require the Firm to make payments to the guaranteed party based on changes in an underlying measure (such as an interest or foreign exchange rate, security or commodity price, an index, or the occurrence or non-occurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. Also included as guarantees are contracts that contingently require the Firm to make payments to the guaranteed party based on another entity’s failure to perform under an agreement, as well as indirect guarantees of the indebtedness of others. For more information on the nature of the obligations and related business activities for our guarantees, see Note 15 to the financial statements in the 2022 Form 10-K. Other Guarantees and Indemnities In the normal course of business, the Firm provides guarantees and indemnifications in a variety of transactions. These provisions generally are standard contractual terms. Certain of these guarantees and indemnifications related to indemnities, exchange and clearinghouse member guarantees and merger and acquisition guarantees are described in Note 15 to the financial statements in the 2022 Form 10-K. In addition, in the ordinary course of business, the Firm guarantees the debt and/or certain trading obligations (including obligations associated with derivatives, foreign exchange contracts and the settlement of physical commodities) of certain subsidiaries. These guarantees generally are entity or product specific and are required by investors or trading counterparties. The activities of the Firm’s subsidiaries covered by these guarantees (including any related debt or trading obligations) are included in the financial statements. Finance Subsidiary The Parent Company fully and unconditionally guarantees the securities issued by Morgan Stanley Finance LLC, a wholly owned finance subsidiary. No other subsidiary of the Parent Company guarantees these securities. Contingencies Legal In addition to the matters described below, in the normal course of business, the Firm has been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with its activities as a global diversified financial services institution. Certain of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. In some cases, the entities that would otherwise be the primary defendants in such cases are bankrupt or are in financial distress. These actions have included, but are not limited to, antitrust claims, claims under various false claims act statutes, and matters arising from our sales and trading businesses, and our activities in the capital markets. The Firm is also involved, from time to time, in other reviews, investigations and proceedings (both formal and informal) by governmental and self-regulatory agencies regarding the Firm’s business, and involving, among other matters, sales, trading, financing, prime brokerage, market-making activities, investment banking advisory services, capital market activities, financial products or offerings sponsored, underwritten or sold by the Firm, wealth and investment management services, and accounting and operational matters, certain of which may result in adverse judgments, settlements, fines, penalties, injunctions, limitations on our ability to conduct certain business, or other relief. While the Firm has identified below any individual proceedings or investigations where the Firm believes a material loss to be reasonably possible and in some cases reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable. In many proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss, particularly for proceedings and investigations where the factual record is being developed or contested or where plaintiffs or government entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved before a loss or additional loss, or range of loss or additional range of loss, can be reasonably estimated for a proceeding or investigation, including through potentially lengthy discovery and determination of important factual matters, determination of issues related to class certification and the calculation of damages or other relief, and consideration of novel or unsettled legal questions relevant to the proceedings or investigations in question. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Legal expenses $ 45 $ 262 $ 196 $ 346 The Firm’s legal expenses can, and may in the future, fluctuate from period to period, given the current environment regarding government investigations and private litigation affecting global financial services firms, including the Firm. For certain other legal proceedings and investigations, the Firm can, in some instances, estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued (if any) but does not believe, based on current knowledge and after consultation with counsel, that such losses could have a material adverse effect on the Firm’s financial condition, other than the matter referred to in the following paragraph. Tax In matters styled Case number 15/3637 and Case number 15/4353 , the Dutch Tax Authority (“Dutch Authority”) is challenging in the Dutch courts the prior set-off by the Firm of approximately €124 million (approximately $135 million) plus accrued interest of withholding tax credits against the Firm’s corporation tax liabilities for the tax years 2007 to 2012. The Dutch Authority alleges that the Firm was not entitled to receive the withholding tax credits on the basis, inter alia, that a Firm subsidiary did not hold legal title to certain securities subject to withholding tax on the relevant dates. The Dutch Authority has also alleged that the Firm failed to provide certain information to the Dutch Authority and to keep adequate books and records. On April 26, 2018, the District Court in Amsterdam issued a decision dismissing the Dutch Authority’s claims with respect to certain of the tax years in dispute. On May 12, 2020, the Court of Appeal in Amsterdam granted the Dutch Authority’s appeal in matters re-styled Case number 18/00318 and Case number 18/00319 . On June 22, 2020, the Firm filed an appeal against the decision of the Court of Appeal in Amsterdam before the Dutch High Court. On January 29, 2021, the Advocate General of the Dutch High Court issued an advisory opinion on the Firm’s appeal, which rejected the Firm’s principal grounds of appeal. On February 11, 2021, the Firm and the Dutch Authority each responded to this opinion. On June 22, 2021, Dutch criminal authorities sought various documents in connection with an investigation of the Firm related to the civil claims asserted by the Dutch Authority concerning the accuracy of the Firm subsidiary’s tax returns and the maintenance of its books and records for 2007 to 2012. The Dutch criminal authorities have requested additional information, and the Firm is continuing to respond to them in connection with their ongoing investigation. For certain other legal proceedings and investigations, though the Firm believes a loss is reasonably possible or probable, the Firm cannot reasonably estimate such losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued (if any), but does not believe, based on current knowledge and after consultation with counsel, that such losses could have a material adverse effect on the Firm’s financial condition, other than the matter referred to in the following paragraph. Block Trading Matter The Firm has been responding to requests for information from the Enforcement Division of the U.S. Securities and Exchange Commission and the United States Attorney’s Office for the Southern District of New York in connection with their investigations into various aspects of the Firm's blocks business, certain related sales and trading practices, and applicable controls (the “Investigations”). The Investigations are focused on whether the Firm and/or its employees shared and/or used information regarding impending block transactions in violation of federal securities laws and regulations. The Firm continues to cooperate with, and remains engaged in discussions regarding potential resolution of, the Investigations. There can be no assurance that these discussions and continuing engagement will lead to resolution of either matter. The Firm also faces potential civil liability arising from claims that have been or may be asserted by, among others, block transaction participants who contend they were harmed or disadvantaged including, among other things, as a result of a share price decline allegedly caused by the activities of the Firm and/or its employees, or as a result of the Firm’s and/or its employees’ failure to adhere to applicable laws and regulations. In addition, the Firm has responded to demands from shareholders under Section 220 of the Delaware General Corporation Law for books and records concerning the Investigations. For certain other legal proceedings and investigations including the following matter, the Firm can estimate probable losses but does not believe, based on current knowledge and after consultation with counsel, that additional loss in excess of amounts accrued could have a material adverse effect on the Firm’s financial condition. Antitrust Related Matter In August of 2017, the Firm was named as a defendant in a purported antitrust class action in the United States District Court for the Southern District of New York styled Iowa Public Employees’ Retirement System et al. v. Bank of America Corporation et al. Plaintiffs allege, inter alia, that the Firm, together with a number of other financial institution defendants, violated U.S. antitrust laws and New York state law in connection with their alleged efforts to prevent the development of electronic exchange-based platforms for securities lending. The class action complaint was filed on behalf of a purported class of borrowers and lenders who entered into stock loan transactions with the defendants. The class action complaint seeks, among other relief, certification of the class of plaintiffs and treble damages. On September 27, 2018, the court denied the defendants’ motion to dismiss the class action complaint. Plaintiffs’ motion for class certification was referred by the District Court to a magistrate judge who, on June 30, 2022, issued a report and recommendation that the District Court certify a class. On May 20, 2023, the Firm reached an agreement in principle to settle the litigation.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	6 Months Ended
	Jun. 30, 2023
Variable Interest Entities and Securitization Activities [Abstract]
Variable Interest Entities and Securitization Activities	Variable Interest Entities and Securitization Activities Consolidated VIE Assets and Liabilities by Type of Activity At June 30, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 466 $ 156 $ 1,153 $ 520 Investment vehicles 2 883 504 638 272 MTOB 484 451 371 322 Other 527 201 519 199 Total $ 2,360 $ 1,312 $ 2,681 $ 1,313 MTOB—Municipal tender option bonds 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets and may be in loan or security form. The value of assets is determined based on the fair value of the liabilities and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Amounts include investment funds and CLOs. Consolidated VIE Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents $ 181 $ 142 Trading assets at fair value 1,574 2,066 Investment securities 396 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 7 16 Other assets 2 2 Total $ 2,360 $ 2,681 Liabilities Other secured financings $ 1,180 $ 1,185 Other liabilities and accrued expenses 128 124 Borrowings 4 4 Total $ 1,312 $ 1,313 Noncontrolling interests $ 76 $ 71 Consolidated VIE assets and liabilities are presented in the previous tables after intercompany eliminations. Generally, most assets owned by consolidated VIEs cannot be removed unilaterally by the Firm and are not available to the Firm while the related liabilities issued by consolidated VIEs are non-recourse to the Firm. However, in certain consolidated VIEs, the Firm either has the unilateral right to remove assets or provides additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. In general, the Firm’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE net assets recognized in its financial statements, net of amounts absorbed by third-party variable interest holders. Non-consolidated VIEs At June 30, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 137,116 $ 2,093 $ 3,343 $ 2,748 $ 50,750 Maximum exposure to loss 3 Debt and equity interests $ 18,229 $ 122 $ — $ 1,835 $ 11,411 Derivative and other contracts — — 2,324 — 4,291 Commitments, guarantees and other 2,345 — — — 1,122 Total $ 20,574 $ 122 $ 2,324 $ 1,835 $ 16,824 Carrying value of variable interests—Assets Debt and equity interests $ 18,229 $ 122 $ — $ 1,625 $ 11,411 Derivative and other contracts — — 2 — 1,708 Total $ 18,229 $ 122 $ 2 $ 1,625 $ 13,119 Additional VIE assets owned 4 $ 14,472 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 340 At December 31, 2022 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 123,601 $ 3,162 $ 4,632 $ 2,403 $ 50,178 Maximum exposure to loss 3 Debt and equity interests $ 13,104 $ 274 $ — $ 1,694 $ 11,596 Derivative and other contracts — — 3,200 — 5,211 Commitments, guarantees and other 674 — — — 1,410 Total $ 13,778 $ 274 $ 3,200 $ 1,694 $ 18,217 Carrying value of variable interests – Assets Debt and equity interests $ 13,104 $ 274 $ — $ 1,577 $ 11,596 Derivative and other contracts — — 3 — 1,564 Total $ 13,104 $ 274 $ 3 $ 1,577 $ 13,160 Additional VIE assets owned 4 $ 13,708 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 281 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets, and may be in loan or security form. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm. 4. Additional VIE assets owned represents the carrying value of total exposure to non-consolidated VIEs for which the maximum exposure to loss is less than specific thresholds, primarily interests issued by securitization SPEs. The Firm’s maximum exposure to loss generally equals the fair value of the assets owned. These assets are primarily included in Trading assets and Investment securities and are measured at fair value (see Note 4). The Firm does not provide additional support in these transactions through contractual facilities, guarantees or similar derivatives. The previous tables include VIEs sponsored by unrelated parties, as well as VIEs sponsored by the Firm; examples of the Firm’s involvement with these VIEs include its secondary market-making activities and the securities held in its Investment securities portfolio (see Note 7). The Firm’s maximum exposure to loss is dependent on the nature of the Firm’s variable interest in the VIE and is limited to the notional amounts of certain liquidity facilities and other credit support, total return swaps and written put options, as well as the fair value of certain other derivatives and investments the Firm has made in the VIE. The Firm’s maximum exposure to loss in the previous tables does not include the offsetting benefit of hedges or any reductions associated with the amount of collateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Liabilities issued by VIEs generally are non-recourse to the Firm. Detail of Mortgage- and Asset-Backed Securitization Assets At June 30, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 16,018 $ 2,515 $ 20,428 $ 2,570 Commercial mortgages 69,407 5,174 67,540 4,236 U.S. agency collateralized mortgage obligations 47,439 7,340 32,567 4,729 Other consumer or commercial loans 4,252 3,200 3,066 1,569 Total $ 137,116 $ 18,229 $ 123,601 $ 13,104 Transferred Assets with Continuing Involvement At June 30, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,083 $ 73,870 $ 7,087 $ 10,669 Retained interests Investment grade $ 136 $ 847 $ 373 $ — Non-investment grade 88 577 3 51 Total $ 224 $ 1,424 $ 376 $ 51 Interests purchased in the secondary market 3 Investment grade $ 43 $ 37 $ 12 $ — Non-investment grade 6 16 — — Total $ 49 $ 53 $ 12 $ — Derivative assets $ — $ — $ — $ 1,111 Derivative liabilities — — — 326 At December 31, 2022 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,732 $ 73,069 $ 6,448 $ 10,928 Retained interests Investment grade $ 137 $ 927 $ 367 $ — Non-investment grade 26 465 11 44 Total $ 163 $ 1,392 $ 378 $ 44 Interests purchased in the secondary market 3 Investment grade $ 82 $ 51 $ 10 $ — Non-investment grade 35 23 — — Total $ 117 $ 74 $ 10 $ — Derivative assets $ — $ — $ — $ 1,114 Derivative liabilities — — — 201 Fair Value At June 30, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 508 $ 12 $ 520 Non-investment grade 16 62 78 Total $ 524 $ 74 $ 598 Interests purchased in the secondary market 3 Investment grade $ 86 $ 6 $ 92 Non-investment grade 15 7 22 Total $ 101 $ 13 $ 114 Derivative assets $ 1,111 $ — $ 1,111 Derivative liabilities 326 — 326 Fair Value at December 31, 2022 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 489 $ — $ 489 Non-investment grade 25 16 41 Total $ 514 $ 16 $ 530 Interests purchased in the secondary market 3 Investment grade $ 140 $ 3 $ 143 Non-investment grade 42 16 58 Total $ 182 $ 19 $ 201 Derivative assets $ 1,114 $ — $ 1,114 Derivative liabilities 153 48 201 RML—Residential mortgage loans CML—Commercial mortgage loans 1. Amounts include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. 3. Amounts are only included for transactions where the Firm also holds retained interests as part of the transfer. The previous tables include transactions with SPEs in which the Firm, acting as principal, transferred financial assets with continuing involvement and received sales treatment. The transferred assets are carried at fair value prior to securitization, and any changes in fair value are recognized in the income statement. The Firm may act as underwriter of the beneficial interests issued by these securitization vehicles, for which Investment banking revenues are recognized. The Firm may retain interests in the securitized financial assets as one or more tranches of the securitization. Certain retained interests are carried at fair value in the balance sheet with changes in fair value recognized in the income statement. Fair value for these interests is measured using techniques that are consistent with the valuation techniques applied to the Firm’s major categories of assets and liabilities as described in Note 2 in the 2022 Form 10-K and Note 4 herein. Further, as permitted by applicable guidance, certain transfers of assets where the Firm’s only continuing involvement is a derivative are only reported in the following Assets Sold with Retained Exposure table. Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 New transactions 1 $ 3,605 $ 6,217 $ 6,126 $ 14,477 Retained interests 1,077 1,431 2,652 3,053 Sales of corporate loans to CLO SPEs 1, 2 — 12 — 16 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented. 2. Sponsored by non-affiliates. The Firm has provided, or otherwise agreed to be responsible for, representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Firm (see Note 13). Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 49,195 $ 49,059 Fair value Assets sold $ 50,939 $ 47,281 Derivative assets recognized in the balance sheet 1,832 116 Derivative liabilities recognized in the balance sheet 88 1,893 1. The carrying value of assets derecognized at the time of sale approximates gross cash proceeds. The Firm enters into transactions in which it sells securities, primarily equities, and contemporaneously enters into bilateral OTC derivatives with the purchasers of the securities, through which it retains exposure to the sold securities. For a discussion of the Firm’s VIEs, the determination and structure of VIEs and securitization activities, see Note 16 to the financial statements in the 2022 Form 10-K.

Regulatory Requirements

Regulatory Requirements	6 Months Ended
	Jun. 30, 2023
Broker-Dealer [Abstract]
Regulatory Requirements	Regulatory Requirements Regulatory Capital Framework and Requirements For a discussion of the Firm’s regulatory capital framework, see Note 17 to the financial statements in the 2022 Form 10-K. The Firm is required to maintain minimum risk-based and leverage-based capital ratios under regulatory capital requirements. A summary of the calculations of regulatory capital and RWA follows. Risk-Based Regulatory Capital. Risk-based capital ratio requirements apply to Common Equity Tier 1 capital, Tier 1 capital and Total capital (which includes Tier 2 capital), each as a percentage of RWA, and consist of regulatory minimum required ratios plus the Firm’s capital buffer requirement. Capital requirements require certain adjustments to, and deductions from, capital for purposes of determining these ratios. At June 30, 2023 and December 31, 2022, the differences between the actual and required ratios were lower under the Standardized Approach. CECL Deferral. Beginning on January 1, 2020, the Firm elected to defer the effect of the adoption of CECL on its risk-based and leverage-based capital amounts and ratios, as well as RWA, adjusted average assets and supplementary leverage exposure calculations, over a five-year transition period. The deferral impacts began to phase in at 25% per year from January 1, 2022 and are phased-in at 50% from January 1, 2023. The deferral impacts will become fully phased-in beginning on January 1, 2025. Capital Buffer Requirements At June 30, 2023 and December 31, 2022 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.8% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.8% 5.5% 1. The CCyB can be set up to 2.5%, but is currently set by the Federal Reserve at zero. The capital buffer requirement represents the amount of Common Equity Tier 1 capital the Firm must maintain above the minimum risk-based capital requirements in order to avoid restrictions on the Firm’s ability to make capital distributions, including the payment of dividends and the repurchase of stock, and to pay discretionary bonuses to executive officers. The Firm’s capital buffer requirement computed under the standardized approaches for calculating credit risk and market risk RWA (“Standardized Approach”) is equal to the sum of the SCB, G-SIB capital surcharge and CCyB, and the capital buffer requirement computed under the applicable advanced approaches for calculating credit risk, market risk and operational risk RWA (“Advanced Approach”) is equal to the 2.5% capital conservation buffer, G-SIB capital surcharge and CCyB. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At June 30, 2023 and December 31, 2022 Standardized Advanced Required ratios 1 Common Equity Tier 1 capital ratio 4.5 % 13.3% 10.0% Tier 1 capital ratio 6.0 % 14.8% 11.5% Total capital ratio 8.0 % 16.8% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios $ in millions Required 1 At June 30, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,884 $ 68,670 Tier 1 capital 78,429 77,191 Total capital 89,586 86,575 Total RWA 449,815 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.5 % 15.3 % Tier 1 capital ratio 14.8 % 17.4 % 17.2 % Total capital ratio 16.8 % 19.9 % 19.3 % $ in millions Required Ratio 1 At June 30, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,163,153 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.7 % 6.7 % Supplementary leverage exposure 3 $ 1,418,662 $ 1,399,403 SLR 5.0 % 5.5 % 5.5 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets for the quarters ending on the respective balance sheet dates, reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm’s own capital instruments, certain defined tax assets and other capital deductions. 3. Supplementary leverage exposure is the sum of Adjusted average assets used in the Tier 1 leverage ratio and other adjustments, primarily: (i) for derivatives, potential future exposure and the effective notional principal amount of sold credit protection, offset by qualifying purchased credit protection; (ii) the counterparty credit risk for repo-style transactions; and (iii) the credit equivalent amount for off-balance sheet exposures. U.S. Bank Subsidiaries’ Regulatory Capital and Capital Ratios The OCC establishes capital requirements for the U.S. Bank Subsidiaries, and evaluates their compliance with such capital requirements. Regulatory capital requirements for the U.S. Bank Subsidiaries are calculated in a similar manner to the Firm’s regulatory capital requirements, although G-SIB capital surcharge and SCB requirements do not apply to the U.S. Bank Subsidiaries. The OCC’s regulatory capital framework includes Prompt Corrective Action (“PCA”) standards, including “well-capitalized” PCA standards that are based on specified regulatory capital ratio minimums. For the Firm to remain an FHC, its U.S. Bank Subsidiaries must remain well-capitalized in accordance with the OCC’s PCA standards. In addition, failure by the U.S. Bank Subsidiaries to meet minimum capital requirements may result in certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the U.S. Bank Subsidiaries’ and the Firm’s financial statements. At June 30, 2023 and December 31, 2022, MSBNA and MSPBNA risk-based capital ratios are based on the Standardized Approach rules. Beginning on January 1, 2020, MSBNA and MSPBNA elected to defer the effect of the adoption of CECL on risk-based capital amounts and ratios, as well as RWA, adjusted average assets and supplementary leverage exposure calculations, over a five-year transition period. The deferral impacts began to phase in at 25% per year from January 1, 2022 and are phased-in at 50% from January 1, 2023. The deferral impacts will become fully phased-in beginning on January 1, 2025. MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At June 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 20,526 20.0 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 20,526 20.0 % 20,043 20.5 % Total capital 10.0 % 10.5 % 21,338 20.8 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 20,526 10.0 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 20,526 7.9 % 20,043 8.1 % MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At June 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 15,502 26.4 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 15,502 26.4 % 15,546 27.5 % Total capital 10.0 % 10.5 % 15,766 26.9 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 15,502 7.8 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 15,502 7.5 % 15,546 7.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Failure to maintain the buffers would result in restrictions on the ability to make capital distributions, including the payment of dividends. Additionally, MSBNA is conditionally registered with the SEC as a security-based swap dealer and is provisionally registered with the CFTC as a swap dealer. However, as MSBNA is prudentially regulated as a bank, its capital requirements continue to be determined by the OCC. Other Regulatory Capital Requirements MS&Co. Regulatory Capital $ in millions At June 30, At December 31, Net capital $ 17,449 $ 17,224 Excess net capital 13,027 12,861 MS&Co. is registered as a broker-dealer and a futures commission merchant with the SEC and the CFTC, respectively, and provisionally registered as a swap dealer with the CFTC. As an Alternative Net Capital broker-dealer, and in accordance with Securities Exchange Act of 1934 (“Exchange Act”) Rule 15c3-1, Appendix E, MS&Co. is subject to minimum net capital and tentative net capital requirements and operates with capital in excess of its regulatory capital requirements. As a futures commission merchant and provisionally-registered swap dealer, MS&Co. is subject to CFTC capital requirements. In addition, MS&Co. must notify the SEC if its tentative net capital falls below certain levels. At June 30, 2023 and December 31, 2022, MS&Co. exceeded its net capital requirement and had tentative net capital in excess of the minimum and notification requirements. Other Regulated Subsidiaries Certain subsidiaries are also subject to various regulatory capital requirements. Such subsidiaries include the following, each of which operated with capital in excess of their respective regulatory capital requirements as of June 30, 2023 and December 31, 2022, as applicable: • MSSB, • MSIP, • MSESE, • MSMS, • MSCS, • MSCG, and • E*TRADE Securities LLC. MSESE is subject to stand-alone capital requirements beginning on January 1, 2023. Previously, requirements were met at the consolidated level of the MSEHSE Group. See Note 17 to the financial statements in the 2022 Form 10-K for further information.

Total Equity

Total Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Total Equity	Total Equity Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 I 40,000 25,000 1,000 1,000 K 40,000 25,000 1,000 1,000 L 20,000 25,000 500 500 M 400,000 1,000 430 430 N 3,000 100,000 300 300 O 52,000 25,000 1,300 1,300 P 40,000 25,000 1,000 1,000 Total $ 8,750 $ 8,750 Shares authorized 30,000,000 1. Series C preferred stock is held by MUFG. For a description of Series A through Series P preferred stock, see Note 18 to the financial statements in the 2022 Form 10-K. The Firm’s preferred stock has a preference over its common stock upon liquidation. The Firm’s preferred stock qualifies as and is included in Tier 1 capital in accordance with regulatory capital requirements (see Note 15). Share Repurchases Three Months Ended June 30, Six Months Ended June 30, $ in millions 2023 2022 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,000 $ 2,738 $ 2,500 $ 5,610 On June 30, 2023, the Firm announced that its Board of Directors reauthorized a multi-year repurchase program of up to $20 billion of outstanding common stock, without a set expiration date, beginning in the third quarter of 2023, which will be exercised from time to time as conditions warrant. For more information on share repurchases, see Note 18 to the financial statements in the 2022 Form 10-K. Common Shares Outstanding for Basic and Diluted EPS Three Months Ended Six Months Ended in millions 2023 2022 2023 2022 Weighted average common shares outstanding, basic 1,635 1,704 1,640 1,718 Effect of dilutive RSUs and PSUs 16 19 17 20 Weighted average common shares outstanding and common stock equivalents, diluted 1,651 1,723 1,657 1,739 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) 5 8 4 7 Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 377 $ 17 $ 253 $ 11 C 25 13 25 13 E 445 16 445 15 F 430 15 430 14 I 398 16 398 16 K 366 14 366 15 L 305 6 305 6 N 3 2,051 6 — — O 266 14 266 14 P 406 16 — — Total Preferred stock $ 133 $ 104 Common stock $ 0.775 $ 1,292 $ 0.700 $ 1,221 $ in millions, except per Six Months Ended Six Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 720 $ 32 $ 494 $ 22 C 50 26 50 26 E 891 31 891 30 F 859 29 859 29 I 797 32 797 32 K 731 29 731 30 L 609 12 609 12 M 2 29 12 29 12 N 3 4,701 14 2,650 8 O 531 28 531 27 P 813 32 — — Total Preferred stock $ 277 $ 228 Common stock $ 1.550 $ 2,597 $ 1.400 $ 2,473 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly. Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) OCI during the period (27) (21) (1) (520) (20) (589) June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) March 31, 2022 $ (1,050) $ (2,150) $ (546) $ (1,156) $ — $ (4,902) OCI during the period (176) (1,076) 3 1,130 — (119) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 5 491 (2) (528) (13) (47) June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (224) (3,471) 8 1,768 — (1,919) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) 1. Amounts are net of tax and noncontrolling interests. Components of Period Changes in OCI Three Months Ended June 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (88) $ (23) $ (111) $ (84) $ (27) Reclassified to earnings — — — — — Net OCI $ (88) $ (23) $ (111) $ (84) $ (27) Change in net unrealized gains (losses) on AFS securities OCI activity $ (38) $ 10 $ (28) $ — $ (28) Reclassified to earnings 10 (3) 7 — 7 Net OCI $ (28) $ 7 $ (21) $ — $ (21) Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings — — — — — Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (704) $ 171 $ (533) $ (11) $ (522) Reclassified to earnings 3 (1) 2 — 2 Net OCI $ (701) $ 170 $ (531) $ (11) $ (520) Change in fair value of cash flow hedge derivatives OCI activity $ (25) $ 4 $ (21) $ — $ (21) Reclassified to earnings 2 (1) 1 — 1 Net OCI $ (23) $ 3 $ (20) $ — $ (20) Three Months Ended June 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (134) $ (213) $ (347) $ (112) $ (235) Reclassified to earnings — 59 59 — 59 Net OCI $ (134) $ (154) $ (288) $ (112) $ (176) Change in net unrealized gains (losses) on AFS securities OCI activity $ (1,387) $ 325 $ (1,062) $ — $ (1,062) Reclassified to earnings (18) 4 (14) — (14) Net OCI $ (1,405) $ 329 $ (1,076) $ — $ (1,076) Pension and other OCI activity $ (2) $ — $ (2) $ — $ (2) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ 4 $ (1) $ 3 $ — $ 3 Change in net DVA OCI activity $ 1,521 $ (368) $ 1,153 $ 22 $ 1,131 Reclassified to earnings (1) — (1) — (1) Net OCI $ 1,520 $ (368) $ 1,152 $ 22 $ 1,130 Six Months Ended June 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (98) $ 7 $ (91) $ (96) $ 5 Reclassified to earnings — — — — — Net OCI $ (98) $ 7 $ (91) $ (96) $ 5 Change in net unrealized gains (losses) on AFS securities OCI activity $ 672 $ (157) $ 515 $ — $ 515 Reclassified to earnings (31) 7 (24) — (24) Net OCI $ 641 $ (150) $ 491 $ — $ 491 Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings (1) — (1) — (1) Net OCI $ (2) $ — $ (2) $ — $ (2) Change in net DVA OCI activity $ (734) $ 181 $ (553) $ (18) $ (535) Reclassified to earnings 9 (2) 7 — 7 Net OCI $ (725) $ 179 $ (546) $ (18) $ (528) Change in fair value of cash flow hedge derivatives OCI activity $ (18) $ 3 $ (15) $ — $ (15) Reclassified to earnings 3 (1) 2 — 2 Net OCI $ (15) $ 2 $ (13) $ — $ (13) Six Months Ended June 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (194) $ (258) $ (452) $ (169) $ (283) Reclassified to earnings — 59 59 — 59 Net OCI $ (194) $ (199) $ (393) $ (169) $ (224) Change in net unrealized gains (losses) on AFS securities OCI activity $ (4,471) $ 1,047 $ (3,424) $ — $ (3,424) Reclassified to earnings (62) 15 (47) — (47) Net OCI $ (4,533) $ 1,062 $ (3,471) $ — $ (3,471) Pension and other OCI activity $ (2) $ — $ (2) $ — $ (2) Reclassified to earnings 11 (1) 10 — 10 Net OCI $ 9 $ (1) $ 8 $ — $ 8 Change in net DVA OCI activity $ 2,392 $ (579) $ 1,813 $ 44 $ 1,769 Reclassified to earnings (1) — (1) — (1) Net OCI $ 2,391 $ (579) $ 1,812 $ 44 $ 1,768

Interest Income and Interest Ex

Interest Income and Interest Expense	6 Months Ended
	Jun. 30, 2023
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Interest income Investment securities $ 850 $ 741 $ 1,868 $ 1,518 Loans 3,045 1,402 5,855 2,559 Securities purchased under agreements to resell 1 1,829 193 3,306 206 Securities borrowed 2 1,370 (70) 2,541 (287) Trading assets, net of Trading liabilities 934 562 1,851 1,087 Customer receivables and Other 3 4,020 784 7,497 1,179 Total interest income $ 12,048 $ 3,612 $ 22,918 $ 6,262 Interest expense Deposits $ 1,946 $ 135 $ 3,521 $ 209 Borrowings 2,770 934 5,274 1,619 Securities sold under agreements to repurchase 4 1,452 174 2,669 222 Securities loaned 5 203 111 367 205 Customer payables and Other 6 3,667 (24) 6,731 (491) Total interest expense $ 10,038 $ 1,330 $ 18,562 $ 1,764 Net interest $ 2,010 $ 2,282 $ 4,356 $ 4,498 1. Includes interest paid on Securities purchased under agreements to resell. 2. Includes fees paid on Securities borrowed. 3. Includes interest from Cash and cash equivalents. 4. Includes interest received on Securities sold under agreements to repurchase. 5. Includes fees received on Securities loaned. 6. Includes fees received from Equity Financing customers related to their short transactions, which can be under either margin or securities lending arrangements. Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense. Accrued Interest $ in millions At June 30, At December 31, Customer and other receivables $ 4,026 $ 4,139 Customer and other payables 4,173 4,273

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Firm is routinely under examination by the IRS and other tax authorities in certain countries, such as Japan and the U.K., and in states and localities in which it has significant business operations, such as New York. The Firm believes that the resolution of these tax examinations will not have a material effect on the annual financial statements, although a resolution could have a material impact in the income statement and on the effective tax rate for any period in which such resolutions occur. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur within the next 12 months. At this time, however, it is not possible to reasonably estimate the expected change to the total amount

Segment, Geographic and Revenue

Segment, Geographic and Revenue Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment, Geographic and Revenue Information	Segment, Geographic and Revenue Information Selected Financial Information by Business Segment Three Months Ended June 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,075 $ 109 $ — $ (29) $ 1,155 Trading 3,594 208 (10) 10 3,802 Investments 23 22 50 — 95 Commissions and fees 1 605 552 — (67) 1,090 Asset management 1,2 150 3,452 1,268 (53) 4,817 Other 325 161 5 (3) 488 Total non-interest revenues 5,772 4,504 1,313 (142) 11,447 Interest income 8,816 3,700 29 (497) 12,048 Interest expense 8,934 1,544 61 (501) 10,038 Net interest (118) 2,156 (32) 4 2,010 Net revenues $ 5,654 $ 6,660 $ 1,281 $ (138) $ 13,457 Provision for credit losses $ 97 $ 64 $ — $ — $ 161 Compensation and benefits 2,215 3,503 544 — 6,262 Non-compensation expenses 2,365 1,412 567 (122) 4,222 Total non-interest expenses $ 4,580 $ 4,915 $ 1,111 $ (122) $ 10,484 Income before provision for income taxes $ 977 $ 1,681 $ 170 $ (16) $ 2,812 Provision for income taxes 176 373 46 (4) 591 Net income 801 1,308 124 (12) 2,221 Net income applicable to noncontrolling interests 42 — (3) — 39 Net income applicable to Morgan Stanley $ 759 $ 1,308 $ 127 $ (12) $ 2,182 Three Months Ended June 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,072 $ 97 $ — $ (19) $ 1,150 Trading 3,976 (409) 15 15 3,597 Investments (95) 15 103 — 23 Commissions and fees 1 688 603 — (71) 1,220 Asset management 1,2 155 3,510 1,304 (57) 4,912 Other (223) 173 1 (3) (52) Total non-interest revenues 5,573 3,989 1,423 (135) 10,850 Interest income 1,846 1,945 9 (188) 3,612 Interest expense 1,300 198 21 (189) 1,330 Net interest 546 1,747 (12) 1 2,282 Net revenues $ 6,119 $ 5,736 $ 1,411 $ (134) $ 13,132 Provision for credit losses $ 82 $ 19 $ — $ — $ 101 Compensation and benefits 2,050 2,895 605 — 5,550 Non-compensation expenses 2,433 1,301 557 (129) 4,162 Total non-interest expenses $ 4,483 $ 4,196 $ 1,162 $ (129) $ 9,712 Income before provision for income taxes $ 1,554 $ 1,521 $ 249 $ (5) $ 3,319 Provision for income taxes 395 331 58 (1) 783 Net income 1,159 1,190 191 (4) 2,536 Net income applicable to noncontrolling interests 38 — 3 — 41 Net income applicable to Morgan Stanley $ 1,121 $ 1,190 $ 188 $ (4) $ 2,495 Six Months Ended June 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 2,322 $ 213 $ — $ (50) $ 2,485 Trading 7,851 435 (26) 19 8,279 Investments 51 38 151 — 240 Commissions and fees 1 1,319 1,142 — (132) 2,329 Asset management 1,2 298 6,834 2,516 (103) 9,545 Other 505 243 (1) (7) 740 Total non-interest revenues 12,346 8,905 2,640 (273) 23,618 Interest income 16,574 7,327 58 (1,041) 22,918 Interest expense 16,469 3,013 128 (1,048) 18,562 Net interest 105 4,314 (70) 7 4,356 Net revenues $ 12,451 $ 13,219 $ 2,570 $ (266) $ 27,974 Provision for credit losses $ 286 $ 109 $ — $ — $ 395 Compensation and benefits 4,580 6,980 1,112 — 12,672 Non-compensation expenses 4,716 2,737 1,122 (240) 8,335 Total non-interest expenses $ 9,296 $ 9,717 $ 2,234 $ (240) $ 21,007 Income before provision for income taxes $ 2,869 $ 3,393 $ 336 $ (26) $ 6,572 Provision for income taxes 539 709 76 (6) 1,318 Net income 2,330 2,684 260 (20) 5,254 Net income applicable to noncontrolling interests 93 — (1) — 92 Net income applicable to Morgan Stanley $ 2,237 $ 2,684 $ 261 $ (20) $ 5,162 Six Months Ended June 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 2,706 $ 240 $ — $ (38) $ 2,908 Trading 8,181 (640) 6 33 7,580 Investments 4 27 67 — 98 Commissions and fees 1 1,462 1,326 — (152) 2,636 Asset management 1,2 302 7,136 2,692 (99) 10,031 Other (106) 295 (1) (6) 182 Total non-interest revenues 12,549 8,384 2,764 (262) 23,435 Interest income 2,908 3,582 16 (244) 6,262 Interest expense 1,681 295 34 (246) 1,764 Net interest 1,227 3,287 (18) 2 4,498 Net revenues $ 13,776 $ 11,671 $ 2,746 $ (260) $ 27,933 Provision for credit losses $ 126 $ 32 $ — $ — $ 158 Compensation and benefits 4,654 6,020 1,150 — 11,824 Non-compensation expenses 4,655 2,525 1,119 (255) 8,044 Total non-interest expenses $ 9,309 $ 8,545 $ 2,269 $ (255) $ 19,868 Income before provision for income taxes $ 4,341 $ 3,094 $ 477 $ (5) $ 7,907 Provision for income taxes 930 632 95 (1) 1,656 Net income 3,411 2,462 382 (4) 6,251 Net income applicable to noncontrolling interests 99 — (9) — 90 Net income applicable to Morgan Stanley $ 3,312 $ 2,462 $ 391 $ (4) $ 6,161 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods. For a discussion about the Firm’s business segments, see Note 23 to the financial statements in the 2022 Form 10-K. Detail of Investment Banking Revenues Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Institutional Securities Advisory $ 455 $ 598 $ 1,093 $ 1,542 Institutional Securities Underwriting 620 474 1,229 1,164 Firm Investment banking revenues from contracts with customers 92 % 88 % 91 % 89 % Trading Revenues by Product Type Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Interest rate $ 1,209 $ 469 $ 2,577 $ 860 Foreign exchange 126 475 388 1,123 Equity 1 2,403 1,990 4,615 3,997 Commodity and other 335 484 874 1,009 Credit (271) 179 (175) 591 Total $ 3,802 $ 3,597 $ 8,279 $ 7,580 1. Dividend income is included within equity contracts. The previous table summarizes realized and unrealized gains and losses primarily related to the Firm’s Trading assets and liabilities, from derivative and non-derivative financial instruments, included in Trading revenues in the income statement. The Firm generally utilizes financial instruments across a variety of product types in connection with its market-making and related risk management strategies. The trading revenues presented in the table are not representative of the manner in which the Firm manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Investment Management Investments Revenues—Net Cumulative Unrealized Carried Interest $ in millions At At Net cumulative unrealized performance-based fees at risk of reversing $ 772 $ 819 The Firm’s portion of net cumulative performance-based fees in the form of unrealized carried interest, for which the Firm is not obligated to pay compensation, is at risk of reversing when the return in certain funds fall below specified performance targets. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Fee waivers $ 28 $ 41 $ 46 $ 165 The Firm waives a portion of its fees in the Investment Management business segment from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. Certain Other Fee Waivers Separately, the Firm’s employees, including its senior officers, may participate on the same terms and conditions as other investors in certain funds that the Firm sponsors primarily for client investment, and the Firm may waive or lower applicable fees and charges for its employees. Other Expenses—Transaction Taxes Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Transaction taxes $ 247 $ 228 $ 461 $ 486 Transaction taxes are composed of securities transaction taxes and stamp duties, which are levied on the sale or purchase of securities listed on recognized stock exchanges in certain markets. These taxes are imposed mainly on trades of equity securities in Asia and EMEA. Similar transaction taxes are levied on trades of listed derivative instruments in certain countries. Net Revenues by Region Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Americas $ 10,394 $ 9,662 $ 21,185 $ 20,126 EMEA 1,500 1,678 3,237 3,989 Asia 1,563 1,792 3,552 3,818 Total $ 13,457 $ 13,132 $ 27,974 $ 27,933 For a discussion about the Firm’s geographic net revenues, see Note 23 to the financial statements in the 2022 Form 10-K. Revenues Recognized from Prior Services Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Non-interest revenues $ 469 $ 613 $ 1,060 $ 1,551 The previous table includes revenues from contracts with customers recognized where some or all services were performed in prior periods. These revenues primarily include investment banking advisory fees. Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,264 $ 2,577 Receivables from contracts with customers, which are included within Customer and other receivables in the balance sheet, arise when the Firm has both recorded revenues and the right per the contract to bill the customer. Assets by Business Segment $ in millions At At Institutional Securities $ 784,785 $ 789,837 Wealth Management 362,627 373,305 Investment Management 17,499 17,089 Total 1 $ 1,164,911 $ 1,180,231

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Financial Information	Basis of Financial Information The financial statements are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the valuations of goodwill and intangible assets, the outcome of legal and tax matters, deferred tax assets, ACL, and other matters that affect its financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. The Notes are an integral part of the Firm’s financial statements. The Firm has evaluated subsequent events for adjustment to or disclosure in these financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2022 Form 10-K. Certain footnote disclosures included in the 2022 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year.
Consolidation	Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 14). Intercompany balances and transactions have been eliminated. For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as Noncontrolling interests. The net income attributable to Noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the income statement. The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as Noncontrolling interests, a component of Total equity, in the balance sheet. For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2022 Form 10-K.
Financial Instruments - Credit Losses	Financial Instruments - Credit Losses The Firm adopted the Financial Instruments-Credit Losses accounting update on January 1, 2023, with no impact on the Firm’s financial condition or results of operations upon adoption. This accounting update eliminates the accounting guidance for troubled debt restructurings (“TDRs”) and requires new disclosures regarding certain modifications of financing receivables ( i.e ., principal forgiveness, interest rate reductions, other-than-insignificant payment delays and term extensions) to borrowers experiencing financial difficulty. The update also requires disclosure of current period gross charge-offs by year of origination for financing receivables measured at amortized cost. Refer to Note 9, Loans, Lending Commitments and Related Allowance for Credit Losses, for the new disclosures.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	$ in millions At At Cash and due from banks $ 5,690 $ 5,409 Interest bearing deposits with banks 99,304 122,718 Total Cash and cash equivalents $ 104,994 $ 128,127 Restricted cash $ 32,785 $ 35,380

Fair Values (Tables)

Fair Values (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis At June 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 51,900 $ 31,554 $ — $ — $ 83,454 Other sovereign government obligations 31,906 8,050 128 — 40,084 State and municipal securities — 1,638 40 — 1,678 MABS — 2,286 486 — 2,772 Loans and lending commitments 2 — 6,064 2,400 — 8,464 Corporate and other debt — 30,505 2,223 — 32,728 Corporate equities 3 104,831 934 166 — 105,931 Derivative and other contracts: Interest rate 3,851 197,854 650 — 202,355 Credit — 9,710 403 — 10,113 Foreign exchange 46 93,501 191 — 93,738 Equity 2,118 50,969 367 — 53,454 Commodity and other 2,893 12,309 3,102 — 18,304 Netting 1 (6,794) (288,327) (1,030) (38,909) (335,060) Total derivative and other contracts 2,114 76,016 3,683 (38,909) 42,904 Investments 4 697 742 968 — 2,407 Physical commodities — 2,504 — — 2,504 Total trading assets 4 191,448 160,293 10,094 (38,909) 322,926 Investment securities—AFS 47,973 31,594 — — 79,567 Securities purchased under agreements to resell — 9 — — 9 Total assets at fair value $ 239,421 $ 191,896 $ 10,094 $ (38,909) $ 402,502 At June 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 5,945 $ 36 $ — $ 5,981 Trading liabilities: U.S. Treasury and agency securities 18,163 35 — — 18,198 Other sovereign government obligations 29,309 2,878 4 — 32,191 Corporate and other debt — 11,120 42 — 11,162 Corporate equities 3 54,266 419 43 — 54,728 Derivative and other contracts: Interest rate 3,067 191,901 601 — 195,569 Credit — 10,124 307 — 10,431 Foreign exchange 40 88,388 163 — 88,591 Equity 2,601 57,894 1,142 — 61,637 Commodity and other 3,496 11,481 1,686 — 16,663 Netting 1 (6,794) (288,327) (1,030) (45,977) (342,128) Total derivative and other contracts 2,410 71,461 2,869 (45,977) 30,763 Total trading liabilities 104,148 85,913 2,958 (45,977) 147,042 Securities sold under agreements to repurchase — 675 454 — 1,129 Other secured financings — 5,448 90 — 5,538 Borrowings — 86,038 1,787 — 87,825 Total liabilities at fair value $ 104,148 $ 184,019 $ 5,325 $ (45,977) $ 247,515 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,462 $ 42,263 $ 17 $ — $ 80,742 Other sovereign government obligations 24,644 4,769 169 — 29,582 State and municipal securities — 1,503 145 — 1,648 MABS — 1,774 416 — 2,190 Loans and lending commitments 2 — 6,380 2,017 — 8,397 Corporate and other debt — 23,351 2,096 — 25,447 Corporate equities 3 97,869 1,019 116 — 99,004 Derivative and other contracts: Interest rate 4,481 166,392 517 — 171,390 Credit — 7,876 425 — 8,301 Foreign exchange 49 115,766 183 — 115,998 Equity 2,778 40,171 406 — 43,355 Commodity and other 5,609 21,152 3,701 — 30,462 Netting 1 (9,618) (258,821) (1,078) (55,777) (325,294) Total derivative and other contracts 3,299 92,536 4,154 (55,777) 44,212 Investments 4 652 685 923 — 2,260 Physical commodities — 2,379 — — 2,379 Total trading assets 4 164,926 176,659 10,053 (55,777) 295,861 Investment securities—AFS 53,866 30,396 35 — 84,297 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 218,792 $ 207,063 $ 10,088 $ (55,777) $ 380,166 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 4,776 $ 20 $ — $ 4,796 Trading liabilities: U.S. Treasury and agency securities 20,776 228 — — 21,004 Other sovereign government obligations 23,235 2,688 3 — 25,926 Corporate and other debt — 8,786 29 — 8,815 Corporate equities 3 59,998 518 42 — 60,558 Derivative and other contracts: Interest rate 3,446 161,044 668 — 165,158 Credit — 7,987 315 — 8,302 Foreign exchange 89 113,383 117 — 113,589 Equity 3,266 46,923 1,142 — 51,331 Commodity and other 6,187 17,574 2,618 — 26,379 Netting 1 (9,618) (258,821) (1,078) (57,107) (326,624) Total derivative and other contracts 3,370 88,090 3,782 (57,107) 38,135 Total trading liabilities 107,379 100,310 3,856 (57,107) 154,438 Securities sold under agreements to repurchase — 352 512 — 864 Other secured financings — 4,459 91 — 4,550 Borrowings — 77,133 1,587 — 78,720 Total liabilities at fair value $ 107,379 $ 187,030 $ 6,066 $ (57,107) $ 243,368 MABS—Mortgage- and asset-backed securities 1. For positions with the same counterparty that cross over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within that level. For further information on derivative instruments and hedging activities, see Note 6. 2. For a further breakdown by type, see the following Detail of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes.
Schedule of Details of Loans and Lending Commitments at Fair Value	Detail of Loans and Lending Commitments at Fair Value $ in millions At At Secured lending facilities $ — $ 6 Commercial Real Estate 917 528 Residential Real Estate 2,447 2,020 Securities-based lending and Other loans 5,100 5,843 Total $ 8,464 $ 8,397
Schedule of Unsettled Fair Value of Futures Contracts	Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 1,492 $ 1,219 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables.
Schedule of Rollforward of Level 3 Assets Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ 1 $ 8 $ 17 $ 2 Purchases — 4 — 4 Sales (1) (3) (17) (2) Net transfers — — — 5 Ending balance $ — $ 9 $ — $ 9 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 196 $ 188 $ 169 $ 211 Realized and unrealized gains (losses) 3 — 6 — Purchases 6 20 29 44 Sales (44) (45) (73) (104) Net transfers (33) (2) (3) 10 Ending balance $ 128 $ 161 $ 128 $ 161 Unrealized gains (losses) $ — $ — $ 4 $ — State and municipal securities Beginning balance $ 3 $ — $ 145 $ 13 Realized and unrealized gains (losses) 1 — 3 — Purchases 45 — 50 — Sales (100) — (130) — Net transfers 91 29 (28) 16 Ending balance $ 40 $ 29 $ 40 $ 29 Unrealized gains (losses) $ 1 $ — $ 3 $ — MABS Beginning balance $ 454 $ 351 $ 416 $ 344 Realized and unrealized gains (losses) 7 (1) 15 (2) Purchases 42 45 177 82 Sales (44) (62) (160) (149) Net transfers 27 6 38 64 Ending balance $ 486 $ 339 $ 486 $ 339 Unrealized gains (losses) $ 7 $ (2) $ 14 $ (2) Loans and lending commitments Beginning balance $ 2,057 $ 3,141 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (34) 11 (70) 37 Purchases and originations 656 367 924 677 Sales (256) (382) (290) (618) Settlements (177) (660) (236) (981) Net transfers 154 30 55 (414) Ending balance $ 2,400 $ 2,507 $ 2,400 $ 2,507 Unrealized gains (losses) $ (57) $ 6 $ (86) $ 21 Corporate and other debt Beginning balance $ 2,243 $ 1,753 $ 2,096 $ 1,973 Realized and unrealized gains (losses) (43) 5 41 15 Purchases and originations 134 267 330 595 Sales (239) (360) (401) (548) Settlements — (16) — (130) Net transfers 128 464 157 208 Ending balance $ 2,223 $ 2,113 $ 2,223 $ 2,113 Unrealized gains (losses) $ (31) $ 7 $ 77 $ 11 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Corporate equities Beginning balance $ 144 $ 239 $ 116 $ 115 Realized and unrealized gains (losses) (24) — (24) (1) Purchases 18 51 35 78 Sales (22) (87) (30) (72) Net transfers 50 43 69 126 Ending balance $ 166 $ 246 $ 166 $ 246 Unrealized gains (losses) $ (21) $ — $ (17) $ — Investments Beginning balance $ 955 $ 1,120 $ 923 $ 1,125 Realized and unrealized gains (losses) (11) (111) 8 (135) Purchases 100 27 147 46 Sales (84) (11) (107) (14) Net transfers 8 2 (3) 5 Ending balance $ 968 $ 1,027 $ 968 $ 1,027 Unrealized gains (losses) $ (16) $ (106) $ (2) $ (131) Investment securities—AFS Beginning balance $ — $ — $ 35 $ — Realized and unrealized gains (losses) — (2) 1 (2) Net transfers — 40 (36) 40 Ending balance $ — $ 38 $ — $ 38 Unrealized gains (losses) $ — $ (2) $ — $ (2) Net derivatives: Interest rate Beginning balance $ (217) $ 634 $ (151) $ 708 Realized and unrealized gains (losses) 116 (275) (174) (533) Purchases 2 2 8 — Issuances (6) (3) (4) — Settlements 32 (173) 282 (131) Net transfers 122 (287) 88 (146) Ending balance $ 49 $ (102) $ 49 $ (102) Unrealized gains (losses) $ (30) $ (266) $ 8 $ (372) Net derivatives: Credit Beginning balance $ 48 $ 93 $ 110 $ 98 Realized and unrealized gains (losses) 40 (21) 7 232 Purchases — 8 — — Issuances — (7) — (3) Settlements (6) 94 (19) (168) Net transfers 14 23 (2) 31 Ending balance $ 96 $ 190 $ 96 $ 190 Unrealized gains (losses) $ 47 $ (4) $ 11 $ 224 Net derivatives: Foreign exchange Beginning balance $ 66 $ (33) $ 66 $ 52 Realized and unrealized gains (losses) 18 124 (40) (13) Purchases — 4 — — Issuances — — (2) — Settlements 19 (148) 38 (46) Net transfers (75) (278) (34) (324) Ending balance $ 28 $ (331) $ 28 $ (331) Unrealized gains (losses) $ 25 $ 123 $ (32) $ 7 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Equity Beginning balance $ (777) $ (654) $ (736) $ (945) Realized and unrealized gains (losses) (100) 142 (50) 171 Purchases 57 28 99 28 Issuances (208) (69) (320) (52) Settlements 68 167 97 290 Net transfers 185 (144) 135 (22) Ending balance $ (775) $ (530) $ (775) $ (530) Unrealized gains (losses) $ (102) $ 113 $ (115) $ 289 Net derivatives: Commodity and other Beginning balance $ 1,599 $ 1,434 $ 1,083 $ 1,529 Realized and unrealized gains (losses) 195 359 604 187 Purchases 1 10 36 10 Issuances (7) (21) (27) (26) Settlements (126) (384) (205) (238) Net transfers (246) (54) (75) (118) Ending balance $ 1,416 $ 1,344 $ 1,416 $ 1,344 Unrealized gains (losses) $ 39 $ 219 $ 287 $ (174) Deposits Beginning balance $ 29 $ 26 $ 20 $ 67 Issuances 14 2 19 2 Settlements — (2) — (6) Net transfers (7) (7) (3) (44) Ending balance $ 36 $ 19 $ 36 $ 19 Unrealized losses (gains) $ — $ — $ — $ — Nonderivative trading liabilities Beginning balance $ 160 $ 48 $ 74 $ 61 Realized and unrealized losses (gains) — — (12) (4) Purchases (82) (43) (127) (48) Sales 24 37 120 29 Net transfers (13) 62 34 66 Ending balance $ 89 $ 104 $ 89 $ 104 Unrealized losses (gains) $ (1) $ — $ (12) $ (4) Securities sold under agreements to repurchase Beginning balance $ 514 $ 516 $ 512 $ 651 Realized and unrealized losses (gains) (3) (10) 7 (7) Issuances — 9 1 9 Settlements — (1) (9) (12) Net transfers (57) — (57) (127) Ending balance $ 454 $ 514 $ 454 $ 514 Unrealized losses (gains) $ (4) $ (10) $ 7 $ (7) Other secured financings Beginning balance $ 115 $ 120 $ 91 $ 403 Realized and unrealized losses (gains) 1 (4) 3 (6) Issuances 2 4 43 31 Settlements (28) (8) (47) (313) Net transfers — — — (3) Ending balance $ 90 $ 112 $ 90 $ 112 Unrealized losses (gains) $ 1 $ (4) $ 3 $ (6) Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Borrowings Beginning balance $ 1,649 $ 2,399 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 1 (312) 44 (476) Issuances 257 158 512 308 Settlements (52) (183) (181) (215) Net transfers (68) 263 (175) 551 Ending balance $ 1,787 $ 2,325 $ 1,787 $ 2,325 Unrealized losses (gains) $ (1) $ (306) $ 26 $ (479) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 11 (63) 22 (96)
Schedule of Rollforward of Level 3 Liabilities Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ 1 $ 8 $ 17 $ 2 Purchases — 4 — 4 Sales (1) (3) (17) (2) Net transfers — — — 5 Ending balance $ — $ 9 $ — $ 9 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 196 $ 188 $ 169 $ 211 Realized and unrealized gains (losses) 3 — 6 — Purchases 6 20 29 44 Sales (44) (45) (73) (104) Net transfers (33) (2) (3) 10 Ending balance $ 128 $ 161 $ 128 $ 161 Unrealized gains (losses) $ — $ — $ 4 $ — State and municipal securities Beginning balance $ 3 $ — $ 145 $ 13 Realized and unrealized gains (losses) 1 — 3 — Purchases 45 — 50 — Sales (100) — (130) — Net transfers 91 29 (28) 16 Ending balance $ 40 $ 29 $ 40 $ 29 Unrealized gains (losses) $ 1 $ — $ 3 $ — MABS Beginning balance $ 454 $ 351 $ 416 $ 344 Realized and unrealized gains (losses) 7 (1) 15 (2) Purchases 42 45 177 82 Sales (44) (62) (160) (149) Net transfers 27 6 38 64 Ending balance $ 486 $ 339 $ 486 $ 339 Unrealized gains (losses) $ 7 $ (2) $ 14 $ (2) Loans and lending commitments Beginning balance $ 2,057 $ 3,141 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (34) 11 (70) 37 Purchases and originations 656 367 924 677 Sales (256) (382) (290) (618) Settlements (177) (660) (236) (981) Net transfers 154 30 55 (414) Ending balance $ 2,400 $ 2,507 $ 2,400 $ 2,507 Unrealized gains (losses) $ (57) $ 6 $ (86) $ 21 Corporate and other debt Beginning balance $ 2,243 $ 1,753 $ 2,096 $ 1,973 Realized and unrealized gains (losses) (43) 5 41 15 Purchases and originations 134 267 330 595 Sales (239) (360) (401) (548) Settlements — (16) — (130) Net transfers 128 464 157 208 Ending balance $ 2,223 $ 2,113 $ 2,223 $ 2,113 Unrealized gains (losses) $ (31) $ 7 $ 77 $ 11 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Corporate equities Beginning balance $ 144 $ 239 $ 116 $ 115 Realized and unrealized gains (losses) (24) — (24) (1) Purchases 18 51 35 78 Sales (22) (87) (30) (72) Net transfers 50 43 69 126 Ending balance $ 166 $ 246 $ 166 $ 246 Unrealized gains (losses) $ (21) $ — $ (17) $ — Investments Beginning balance $ 955 $ 1,120 $ 923 $ 1,125 Realized and unrealized gains (losses) (11) (111) 8 (135) Purchases 100 27 147 46 Sales (84) (11) (107) (14) Net transfers 8 2 (3) 5 Ending balance $ 968 $ 1,027 $ 968 $ 1,027 Unrealized gains (losses) $ (16) $ (106) $ (2) $ (131) Investment securities—AFS Beginning balance $ — $ — $ 35 $ — Realized and unrealized gains (losses) — (2) 1 (2) Net transfers — 40 (36) 40 Ending balance $ — $ 38 $ — $ 38 Unrealized gains (losses) $ — $ (2) $ — $ (2) Net derivatives: Interest rate Beginning balance $ (217) $ 634 $ (151) $ 708 Realized and unrealized gains (losses) 116 (275) (174) (533) Purchases 2 2 8 — Issuances (6) (3) (4) — Settlements 32 (173) 282 (131) Net transfers 122 (287) 88 (146) Ending balance $ 49 $ (102) $ 49 $ (102) Unrealized gains (losses) $ (30) $ (266) $ 8 $ (372) Net derivatives: Credit Beginning balance $ 48 $ 93 $ 110 $ 98 Realized and unrealized gains (losses) 40 (21) 7 232 Purchases — 8 — — Issuances — (7) — (3) Settlements (6) 94 (19) (168) Net transfers 14 23 (2) 31 Ending balance $ 96 $ 190 $ 96 $ 190 Unrealized gains (losses) $ 47 $ (4) $ 11 $ 224 Net derivatives: Foreign exchange Beginning balance $ 66 $ (33) $ 66 $ 52 Realized and unrealized gains (losses) 18 124 (40) (13) Purchases — 4 — — Issuances — — (2) — Settlements 19 (148) 38 (46) Net transfers (75) (278) (34) (324) Ending balance $ 28 $ (331) $ 28 $ (331) Unrealized gains (losses) $ 25 $ 123 $ (32) $ 7 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Equity Beginning balance $ (777) $ (654) $ (736) $ (945) Realized and unrealized gains (losses) (100) 142 (50) 171 Purchases 57 28 99 28 Issuances (208) (69) (320) (52) Settlements 68 167 97 290 Net transfers 185 (144) 135 (22) Ending balance $ (775) $ (530) $ (775) $ (530) Unrealized gains (losses) $ (102) $ 113 $ (115) $ 289 Net derivatives: Commodity and other Beginning balance $ 1,599 $ 1,434 $ 1,083 $ 1,529 Realized and unrealized gains (losses) 195 359 604 187 Purchases 1 10 36 10 Issuances (7) (21) (27) (26) Settlements (126) (384) (205) (238) Net transfers (246) (54) (75) (118) Ending balance $ 1,416 $ 1,344 $ 1,416 $ 1,344 Unrealized gains (losses) $ 39 $ 219 $ 287 $ (174) Deposits Beginning balance $ 29 $ 26 $ 20 $ 67 Issuances 14 2 19 2 Settlements — (2) — (6) Net transfers (7) (7) (3) (44) Ending balance $ 36 $ 19 $ 36 $ 19 Unrealized losses (gains) $ — $ — $ — $ — Nonderivative trading liabilities Beginning balance $ 160 $ 48 $ 74 $ 61 Realized and unrealized losses (gains) — — (12) (4) Purchases (82) (43) (127) (48) Sales 24 37 120 29 Net transfers (13) 62 34 66 Ending balance $ 89 $ 104 $ 89 $ 104 Unrealized losses (gains) $ (1) $ — $ (12) $ (4) Securities sold under agreements to repurchase Beginning balance $ 514 $ 516 $ 512 $ 651 Realized and unrealized losses (gains) (3) (10) 7 (7) Issuances — 9 1 9 Settlements — (1) (9) (12) Net transfers (57) — (57) (127) Ending balance $ 454 $ 514 $ 454 $ 514 Unrealized losses (gains) $ (4) $ (10) $ 7 $ (7) Other secured financings Beginning balance $ 115 $ 120 $ 91 $ 403 Realized and unrealized losses (gains) 1 (4) 3 (6) Issuances 2 4 43 31 Settlements (28) (8) (47) (313) Net transfers — — — (3) Ending balance $ 90 $ 112 $ 90 $ 112 Unrealized losses (gains) $ 1 $ (4) $ 3 $ (6) Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Borrowings Beginning balance $ 1,649 $ 2,399 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 1 (312) 44 (476) Issuances 257 158 512 308 Settlements (52) (183) (181) (215) Net transfers (68) 263 (175) 551 Ending balance $ 1,787 $ 2,325 $ 1,787 $ 2,325 Unrealized losses (gains) $ (1) $ (306) $ 26 $ (479) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 11 (63) 22 (96)
Schedule of Valuation Techniques and Unobservable Inputs	Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 128 $ 169 Comparable pricing: Bond price 61 to 114 points (90 points) 57 to 124 points (89 points) State and municipal securities $ 40 $ 145 Comparable pricing: Bond price N/M 86 to 100 points (97 points) MABS $ 486 $ 416 Comparable pricing: Bond price 0 to 89 points (65 points) 0 to 95 points (68 points) Loans and lending commitments $ 2,400 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 89 to 104 points (98 points) 87 to 105 points (99 points) Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Corporate and other debt $ 2,223 $ 2,096 Comparable pricing: Bond price 51 to 138 points (89 points) 51 to 132 points (90 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 166 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 968 $ 923 Discounted cash flow: WACC 15% to 17% (16%) 15% to 17% (16%) Exit multiple 9 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 21 times 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (86%) 24% to 100% (89%) Net derivative and other contracts: Interest rate $ 49 $ (151) Option model: IR volatility skew 56% to 187% (81% / 84%) 105% to 130% (113% / 109%) IR curve correlation 56% to 99% (82% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 2% (1% / 1%) N/M Inflation volatility 22% to 70% (44% / 38%) 22% to 65% (43% / 38%) IR curve N/M 4% to 5% (5% / 5%) Credit $ 96 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 bps (48 points) 0 to 83 points (43 points) Credit spread 10 to 453 bps (98 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (58 bps) 18 to 590 bps (93 bps) Foreign exchange 2 $ 28 $ 66 Option model: IR curve 3% to 7% (5% / 6%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -1% to 13% (3% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (775) $ (736) Option model: Equity volatility 7% to 94% (21%) 5% to 96% (25%) Equity volatility skew -2% to 0% (-1%) -4% to 0% (-1%) Equity correlation 9% to 97% (67%) 10% to 93% (71%) FX correlation -79% to 65% (-27%) -79% to 65% (-26%) IR correlation 10% to 30% (14%) 10% to 30% (-14%) Commodity and other $ 1,416 $ 1,083 Option model: Forward power price $1 to $332 ($35) per MWh $1 to $292 ($43) per MWh Commodity volatility 12% to 180% (35%) 12% to 169% (34%) Cross-commodity correlation 57% to 100% (94%) 70% to 100% (94%) Balance / Range (Average 1 ) $ in millions, except inputs At June 30, 2023 At December 31, 2022 Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 454 $ 512 Discounted cash flow: Funding spread 81 to 129 bps (100 bps) 96 to 165 bps (131 bps) Other secured financings $ 90 $ 91 Comparable pricing: Loan price 23 to 100 points (78 points) 23 to 101 points (75 points) Borrowings $ 1,787 $ 1,587 Option model: Equity volatility 11% to 71% (22%) 7% to 86% (23%) Equity volatility skew -2% to 0% (0%) -2% to 0% (0%) Equity correlation 41% to 95% (77%) 39% to 98% (86%) Equity - FX correlation -60% to 6% (-28%) -50% to 0% (-21%) IR curve correlation 56% to 92% (72% / 71%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,177 $ 6,610 Corporate loan model: Credit spread 97 to 1236 bps (808 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 14 to 95 points (69 points) 36 to 80 points (65 points) Warehouse model: Credit spread 149 to 296 bps (249 bps) 110 to 319 bps (245 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products).
Schedule of Net Asset Value Measurements	Fund Interests At June 30, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,533 $ 564 $ 2,622 $ 638 Real estate 2,797 260 2,642 239 Hedge 1 198 3 190 3 Total $ 5,528 $ 827 $ 5,454 $ 880 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. Nonredeemable Funds by Contractual Maturity Carrying Value at June 30, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,176 $ 996 5-10 years 1,289 1,756 Over 10 years 68 45 Total $ 2,533 $ 2,797
Schedule of Nonrecurring Fair Value Measurements	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At June 30, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,447 $ 5,177 $ 9,624 Other assets—Other investments — 2 2 Other assets—ROU assets 11 — 11 Total $ 4,458 $ 5,179 $ 9,637 Liabilities Other liabilities and accrued expenses—Lending commitments $ 194 $ 71 $ 265 Total $ 194 $ 71 $ 265 At December 31, 2022 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,193 $ 6,610 $ 10,803 Other assets—Other investments — 7 7 Other assets—ROU assets 4 — 4 Total $ 4,197 $ 6,617 $ 10,814 Liabilities Other liabilities and accrued expenses—Lending commitments $ 275 $ 153 $ 428 Total $ 275 $ 153 $ 428 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Assets Loans 2 $ (87) $ (167) $ (116) $ (221) Other assets—Other investments 3 (1) (4) (1) (6) Other assets—Premises, equipment and software 4 (1) (1) (4) (2) Other assets—ROU assets 5 (10) (4) (10) (6) Total $ (99) $ (176) $ (131) $ (235) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 5 $ (191) $ 30 $ (210) Total $ 5 $ (191) $ 30 $ (210) 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise, they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments, which exclude the impact of related economic hedges, are calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable. 3. Losses related to Other assets—Other investments were determined using techniques that included discounted cash flow models, methodologies that incorporate multiples of certain comparable companies and recently executed transactions. 4. Losses related to Other assets—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets.
Schedule of Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value At June 30, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 104,994 $ 104,994 $ — $ — $ 104,994 Investment securities—HTM 72,225 25,127 35,806 1,029 61,962 Securities purchased under agreements to resell 97,905 — 95,212 2,655 97,867 Securities borrowed 139,126 — 139,126 — 139,126 Customer and other receivables 70,301 — 66,104 3,893 69,997 Loans 1 215,812 — 27,491 180,696 208,187 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 342,530 $ — $ 342,206 $ — $ 342,206 Securities sold under agreements to repurchase 55,234 — 55,191 — 55,191 Securities loaned 13,369 — 13,365 — 13,365 Other secured financings 2,756 — 2,756 — 2,756 Customer and other payables 216,761 — 216,761 — 216,761 Borrowings 160,148 — 160,345 4 160,349 Commitment Lending commitments 2 $ 145,143 $ — $ 1,724 $ 839 $ 2,563 At December 31, 2022 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 128,127 $ 128,127 $ — $ — $ 128,127 Investment securities—HTM 75,634 26,754 37,218 1,034 65,006 Securities purchased under agreements to resell 113,899 — 111,188 2,681 113,869 Securities borrowed 133,374 — 133,370 — 133,370 Customer and other receivables 73,248 — 69,268 3,664 72,932 Loans 1 213,785 — 24,153 181,561 205,714 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 351,850 $ — $ 351,721 $ — $ 351,721 Securities sold under agreements to repurchase 61,670 — 61,620 — 61,620 Securities loaned 15,679 — 15,673 — 15,673 Other secured financings 3,608 — 3,608 — 3,608 Customer and other payables 216,018 — 216,018 — 216,018 Borrowings 159,338 — 157,780 4 157,784 Commitment Lending commitments 2 $ 136,241 $ — $ 1,789 $ 1,077 $ 2,866 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13.

Fair Value Option (Tables)

Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Option	Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 44,901 $ 38,945 Interest rates 28,097 26,077 Commodities 11,274 10,717 Credit 2,048 1,564 Foreign exchange 1,505 1,417 Total $ 87,825 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Trading revenues $ (513) $ 7,672 $ (4,891) $ 12,327 Interest expense 119 64 227 136 Net revenues 1 $ (632) $ 7,608 $ (5,118) $ 12,191 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended June 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (61) $ — $ (15) $ — Lending commitments — — (1) — Deposits — (76) — 21 Borrowings (3) (625) 1 1,499 Six Months Ended June 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (104) $ — $ 9 $ — Lending commitments 11 — (1) — Deposits — 17 — 14 Borrowings (9) (742) 1 2,377 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (1,182) $ (457) 1. Loans and other receivables-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other receivables 2 $ 11,267 $ 11,916 Nonaccrual loans 2 8,487 9,128 Borrowings 3 4,291 5,203 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other receivables relates to distressed debt positions purchased at amounts well below par. 3. Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 433 $ 585 Nonaccrual loans 90 or more days past due 61 116

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Asset Contracts	Fair Values of Derivative Contracts Assets at June 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 31 $ — $ — $ 31 Foreign exchange 189 43 — 232 Total 220 43 — 263 Not designated as accounting hedges Economic hedges of loans Credit 2 55 — 57 Other derivatives Interest rate 135,418 65,667 1,239 202,324 Credit 6,792 3,264 — 10,056 Foreign exchange 90,937 2,515 54 93,506 Equity 20,461 — 32,993 53,454 Commodity and other 14,994 — 3,310 18,304 Total 268,604 71,501 37,596 377,701 Total gross derivatives $ 268,824 $ 71,544 $ 37,596 $ 377,964 Amounts offset Counterparty netting (192,033) (69,786) (35,352) (297,171) Cash collateral netting (36,648) (1,241) — (37,889) Total in Trading assets $ 40,143 $ 517 $ 2,244 $ 42,904 Amounts not offset 1 Financial instruments collateral (20,365) — — (20,365) Net amounts $ 19,778 $ 517 $ 2,244 $ 22,539 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,021 Assets at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 62 $ 1 $ — $ 63 Foreign exchange 15 44 — 59 Total 77 45 — 122 Not designated as accounting hedges Economic hedges of loans Credit 2 59 — 61 Other derivatives Interest rate 141,291 29,007 1,029 171,327 Credit 5,888 2,352 — 8,240 Foreign exchange 113,540 2,337 62 115,939 Equity 16,505 — 26,850 43,355 Commodity and other 24,298 — 6,164 30,462 Total 301,524 33,755 34,105 369,384 Total gross derivatives $ 301,601 $ 33,800 $ 34,105 $ 369,506 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (44,711) (1,348) — (46,059) Total in Trading assets $ 42,117 $ 202 $ 1,893 $ 44,212 Amounts not offset 1 Financial instruments collateral (19,406) — — (19,406) Net amounts $ 22,711 $ 202 $ 1,893 $ 24,806 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,318
Schedule of Fair Values of Derivative Liability Contracts	Liabilities at June 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 425 $ — $ — $ 425 Foreign exchange 101 40 — 141 Total 526 40 — 566 Not designated as accounting hedges Economic hedges of loans Credit 19 562 — 581 Other derivatives Interest rate 128,890 65,366 888 195,144 Credit 6,593 3,257 — 9,850 Foreign exchange 85,470 2,921 59 88,450 Equity 29,578 — 32,059 61,637 Commodity and other 12,706 — 3,957 16,663 Total 263,256 72,106 36,963 372,325 Total gross derivatives $ 263,782 $ 72,146 $ 36,963 $ 372,891 Amounts offset Counterparty netting (192,033) (69,786) (35,352) (297,171) Cash collateral netting (42,666) (2,291) — (44,957) Total in Trading liabilities $ 29,083 $ 69 $ 1,611 $ 30,763 Amounts not offset 1 Financial instruments collateral (3,181) (20) (14) (3,215) Net amounts $ 25,902 $ 49 $ 1,597 $ 27,548 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,911 Liabilities at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 457 $ 4 $ — $ 461 Foreign exchange 550 101 — 651 Total 1,007 105 — 1,112 Not designated as accounting hedges Economic hedges of loans Credit 9 368 — 377 Other derivatives Interest rate 135,661 28,581 455 164,697 Credit 5,535 2,390 — 7,925 Foreign exchange 110,322 2,512 104 112,938 Equity 23,138 — 28,193 51,331 Commodity and other 19,631 — 6,748 26,379 Total 294,296 33,851 35,500 363,647 Total gross derivatives $ 295,303 $ 33,956 $ 35,500 $ 364,759 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (45,884) (1,505) — (47,389) Total in Trading liabilities $ 34,646 $ 201 $ 3,288 $ 38,135 Amounts not offset 1 Financial instruments collateral (2,545) — (1,139) (3,684) Net amounts $ 32,101 $ 201 $ 2,149 $ 34,451 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 6,430 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Notionals of Derivative Contracts	Notionals of Derivative Contracts Assets at June 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 113 $ — $ 113 Foreign exchange 10 2 — 12 Total 10 115 — 125 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 3,996 9,262 638 13,896 Credit 202 131 — 333 Foreign exchange 3,709 205 10 3,924 Equity 526 — 422 948 Commodity and other 137 — 69 206 Total 8,570 9,599 1,139 19,308 Total gross derivatives $ 8,580 $ 9,714 $ 1,139 $ 19,433 Liabilities at June 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 220 $ — $ 222 Foreign exchange 5 2 — 7 Total 7 222 — 229 Not designated as accounting hedges Economic hedges of loans Credit 1 19 — 20 Other derivatives Interest rate 4,000 9,048 383 13,431 Credit 208 127 — 335 Foreign exchange 3,697 159 24 3,880 Equity 585 — 574 1,159 Commodity and other 100 — 82 182 Total 8,591 9,353 1,063 19,007 Total gross derivatives $ 8,598 $ 9,575 $ 1,063 $ 19,236 Assets at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 2 $ 62 $ — $ 64 Foreign exchange 2 2 — 4 Total 4 64 — 68 Not designated as accounting hedges Economic hedges of loans Credit — 3 — 3 Other derivatives Interest rate 3,404 7,609 614 11,627 Credit 190 130 — 320 Foreign exchange 3,477 126 15 3,618 Equity 488 — 358 846 Commodity and other 141 — 59 200 Total 7,700 7,868 1,046 16,614 Total gross derivatives $ 7,704 $ 7,932 $ 1,046 $ 16,682 Liabilities at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 187 $ — $ 190 Foreign exchange 12 2 — 14 Total 15 189 — 204 Not designated as accounting hedges Economic hedges of loans Credit — 15 — 15 Other derivatives Interest rate 3,436 7,761 497 11,694 Credit 199 125 — 324 Foreign exchange 3,516 123 35 3,674 Equity 488 — 552 1,040 Commodity and other 101 — 79 180 Total 7,740 8,024 1,163 16,927 Total gross derivatives $ 7,755 $ 8,213 $ 1,163 $ 17,131
Schedule of Gains (Losses) on Accounting Hedges	Gains (Losses) on Accounting Hedges Three Months Ended Six Months Ended June 30, June 30, $ in millions 2023 2022 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ 569 $ 396 $ 198 $ 1,191 Investment Securities—AFS (565) (373) (184) (1,124) Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,349) $ (4,017) $ (64) $ (10,250) Deposits 38 30 (16) 118 Borrowings 2,316 3,972 75 10,127 Net investment hedges—Foreign exchange contracts Recognized in OCI $ 95 $ 635 $ 6 $ 774 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 63 (36) 106 (77) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (25) $ — $ (18) $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (2) — (3) — Net change in cash flow hedges included within AOCI (23) — (15) —
Schedule of Fair Value Hedges - Hedged Items	Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Amortized cost basis currently or previously hedged $ 33,301 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,629) $ (1,628) Deposits Carrying amount currently or previously hedged $ 8,333 $ 3,735 Basis adjustments included in carrying amount 1 $ (103) $ (119) Borrowings Carrying amount currently or previously hedged $ 146,393 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (12,844) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (682) $ (715) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges.
Schedule of Gains (Losses) on Economic Loan Hedges	Gains (Losses) on Economic Hedges of Loans Three Months Ended Six Months Ended June 30, June 30, $ in millions 2023 2022 2023 2022 Recognized in Other revenues Credit contracts 1 $ (84) $ 153 $ (226) $ 204
Schedule of Net Derivative Liabilities and Collateral Posted	Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,097 $ 20,287 Collateral posted 12,244 12,268
Schedule of Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade	Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 504 Two-notch downgrade 350 Bilateral downgrade agreements included in the amounts above 1 $ 749
Schedule of Maximum Potential Payout/Notional of Credit Protection Sold	Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at June 30, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 31 $ 37 $ 10 $ 94 Non-investment grade 7 15 19 3 44 Total $ 23 $ 46 $ 56 $ 13 $ 138 Index and basket CDS Investment grade $ 3 $ 9 $ 11 $ — $ 23 Non-investment grade 11 20 114 22 167 Total $ 14 $ 29 $ 125 $ 22 $ 190 Total CDS sold $ 37 $ 75 $ 181 $ 35 $ 328 Other credit contracts — — — 3 3 Total credit protection sold $ 37 $ 75 $ 181 $ 38 $ 331 CDS protection sold with identical protection purchased $ 276 Years to Maturity at December 31, 2022 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 29 $ 29 $ 9 $ 79 Non-investment grade 5 13 16 2 36 Total $ 17 $ 42 $ 45 $ 11 $ 115 Index and basket CDS Investment grade $ 3 $ 13 $ 37 $ 3 $ 56 Non-investment grade 8 17 108 19 152 Total $ 11 $ 30 $ 145 $ 22 $ 208 Total CDS sold $ 28 $ 72 $ 190 $ 33 $ 323 Other credit contracts — — — — — Total credit protection sold $ 28 $ 72 $ 190 $ 33 $ 323 CDS protection sold with identical protection purchased $ 262
Schedule of Fair Value Asset (Liability) of Credit Protection Sold	Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 1,446 $ 762 Non-investment grade (776) (808) Total $ 670 $ (46) Index and basket CDS Investment grade $ 1,008 $ 859 Non-investment grade (1,655) (1,812) Total $ (647) $ (953) Total CDS sold $ 23 $ (999) Other credit contracts 178 (1) Total credit protection sold $ 201 $ (1,000) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. Internal credit ratings serve as the CRM’s assessment of credit risk and the basis for a comprehensive credit limits framework used to control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor.
Schedule of Protection Purchased with CDS	Protection Purchased with CDS Notional $ in billions At At Single name $ 166 $ 140 Index and basket 163 173 Tranched index and basket 32 26 Total $ 361 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (1,011) $ (33) Index and basket 1,171 1,248 Tranched index and basket (651) (217) Total $ (491) $ 998

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of AFS and HTM Securities	AFS and HTM Securities At June 30, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 49,615 $ 34 $ 1,676 $ 47,973 U.S. agency securities 2 26,778 1 2,733 24,046 Agency CMBS 5,859 2 467 5,394 State and municipal securities 1,099 43 9 1,133 FFELP student loan ABS 3 1,050 — 29 1,021 Total AFS securities 84,401 80 4,914 79,567 HTM securities U.S. Treasury securities 26,845 — 1,718 25,127 U.S. agency securities 2 42,494 — 8,225 34,269 Agency CMBS 1,692 — 155 1,537 Non-agency CMBS 1,194 — 165 1,029 Total HTM securities 72,225 — 10,263 61,962 Total investment securities $ 156,626 $ 80 $ 15,177 $ 141,529 At December 31, 2022 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 56,103 $ 17 $ 2,254 $ 53,866 U.S. agency securities 2 23,926 1 2,753 21,174 Agency CMBS 5,998 — 470 5,528 State and municipal securities 2,598 71 42 2,627 FFELP student loan ABS 3 1,147 — 45 1,102 Total AFS securities 89,772 89 5,564 84,297 HTM securities U.S. Treasury securities 28,599 — 1,845 26,754 U.S. agency securities 2 44,038 — 8,487 35,551 Agency CMBS 1,819 — 152 1,667 Non-agency CMBS 1,178 — 144 1,034 Total HTM securities 75,634 — 10,628 65,006 Total investment securities $ 165,406 $ 89 $ 16,192 $ 149,303 1. Amounts are net of any ACL. 2. U.S. agency securities consist mainly of agency mortgage pass-through pool securities, CMOs and agency-issued debt.
Schedule of AFS Securities in an Unrealized Loss Position	AFS Securities in an Unrealized Loss Position At At $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses U.S. Treasury securities Less than 12 months $ 18,829 $ 927 $ 42,144 $ 1,711 12 months or longer 21,602 749 11,454 543 Total 40,431 1,676 53,598 2,254 U.S. agency securities Less than 12 months 6,961 99 13,662 1,271 12 months or longer 16,638 2,634 7,060 1,482 Total 23,599 2,733 20,722 2,753 Agency CMBS Less than 12 months 4,207 227 5,343 448 12 months or longer 1,111 240 185 22 Total 5,318 467 5,528 470 State and municipal securities Less than 12 months 120 — 2,106 40 12 months or longer 393 9 65 2 Total 513 9 2,171 42 FFELP student loan ABS Less than 12 months 162 4 627 23 12 months or longer 859 25 476 22 Total 1,021 29 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 30,279 1,257 63,882 3,493 12 months or longer 40,603 3,657 19,240 2,071 Total $ 70,882 $ 4,914 $ 83,122 $ 5,564
Schedule of Investment Securities by Contractual Maturity	Investment Securities by Contractual Maturity At June 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 15,210 $ 14,891 1.1 % After 1 year through 5 years 33,721 32,397 1.4 % After 5 years through 10 years 684 685 3.7 % Total 49,615 47,973 U.S. agency securities: Due within 1 year 23 22 (0.3) % After 1 year through 5 years 479 443 1.5 % After 5 years through 10 years 613 555 1.8 % After 10 years 25,663 23,026 3.4 % Total 26,778 24,046 Agency CMBS: After 1 year through 5 years 1,898 1,810 1.8 % After 5 years through 10 years 2,725 2,579 2.1 % After 10 years 1,236 1,005 1.3 % Total 5,859 5,394 State and municipal securities: Due within 1 year 3 3 5.0 % After 1 year through 5 years 24 24 2.4 % After 5 years through 10 years 19 21 4.3 % After 10 Years 1,053 1,085 3.9 % Total 1,099 1,133 FFELP student loan ABS: After 1 year through 5 years 106 102 5.8 % After 5 years through 10 years 109 105 5.7 % After 10 years 835 814 6.1 % Total 1,050 1,021 Total AFS securities 84,401 79,567 2.1 % At June 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 7,806 7,650 1.9 % After 1 year through 5 years 13,615 12,764 1.8 % After 5 years through 10 years 3,865 3,533 2.4 % After 10 years 1,559 1,180 2.3 % Total 26,845 25,127 U.S. agency securities: After 1 year through 5 years 7 7 1.8 % After 5 years through 10 years 331 302 2.1 % After 10 years 42,156 33,960 1.8 % Total 42,494 34,269 Agency CMBS: Due within 1 year 329 326 1.0 % After 1 year through 5 years 1,114 1,011 1.4 % After 5 years through 10 years 119 98 1.4 % After 10 years 130 102 1.6 % Total 1,692 1,537 Non-agency CMBS: Due within 1 year 192 185 4.0 % After 1 year through 5 years 282 253 4.3 % After 5 years through 10 years 686 561 3.7 % After 10 years 34 30 3.6 % Total 1,194 1,029 Total HTM securities 72,225 61,962 1.9 % Total investment securities 156,626 141,529 2.0 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At June 30, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.1% for AFS securities contractually maturing within 1 year and 2.9% for all AFS securities.
Schedule of Gross Realized Gains (Losses) on Sales of AFS Securities	Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Gross realized gains $ 7 $ 24 $ 51 $ 150 Gross realized (losses) (17) (6) (20) (88) Total 1 $ (10) $ 18 $ 31 $ 62 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Collateralized Agreements [Abstract]
Schedule of Offsetting of Certain Collateralized Transactions	Offsetting of Certain Collateralized Transactions At June 30, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 209,804 $ (111,890) $ 97,914 $ (94,398) $ 3,516 Securities borrowed 156,774 (17,648) 139,126 (135,147) 3,979 Liabilities Securities sold under agreements to repurchase $ 168,253 $ (111,890) $ 56,363 $ (52,023) $ 4,340 Securities loaned 31,017 (17,648) 13,369 (13,261) 108 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,837 Securities borrowed 768 Securities sold under agreements to repurchase 3,027 Securities loaned 102 At December 31, 2022 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 240,355 $ (126,448) $ 113,907 $ (109,902) $ 4,005 Securities borrowed 145,340 (11,966) 133,374 (128,073) 5,301 Liabilities Securities sold under agreements to repurchase $ 188,982 $ (126,448) $ 62,534 $ (57,395) $ 5,139 Securities loaned 27,645 (11,966) 15,679 (15,199) 480 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,696 Securities borrowed 624 Securities sold under agreements to repurchase 3,861 Securities loaned 250 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Gross Secured Financing Balances	Gross Secured Financing Balances by Remaining Contractual Maturity At June 30, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 63,534 $ 51,535 $ 17,417 $ 35,767 $ 168,253 Securities loaned 18,844 39 932 11,202 31,017 Total included in the offsetting disclosure $ 82,378 $ 51,574 $ 18,349 $ 46,969 $ 199,270 Trading liabilities— 19,333 — — — 19,333 Total $ 101,711 $ 51,574 $ 18,349 $ 46,969 $ 218,603 At December 31, 2022 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 54,551 $ 77,359 $ 20,586 $ 36,486 $ 188,982 Securities loaned 15,150 882 1,984 9,629 27,645 Total included in the offsetting disclosure $ 69,701 $ 78,241 $ 22,570 $ 46,115 $ 216,627 Trading liabilities— 22,880 — — — 22,880 Total $ 92,581 $ 78,241 $ 22,570 $ 46,115 $ 239,507 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 47,604 $ 57,761 Other sovereign government obligations 87,987 98,839 Corporate equities 19,371 19,340 Other 13,291 13,042 Total $ 168,253 $ 188,982 Securities loaned Other sovereign government obligations $ 916 $ 862 Corporate equities 29,461 26,289 Other 640 494 Total $ 31,017 $ 27,645 Total included in the offsetting disclosure $ 199,270 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 19,287 $ 22,833 Other 46 47 Total $ 19,333 $ 22,880 Total $ 218,603 $ 239,507
Schedule of Carrying Value of Assets Loaned or Pledged Without Counterparty Right to Sell or Repledge	Carrying Value of Assets Loaned or Pledged $ in millions At At Trading assets $ 30,663 $ 34,524
Schedule of Fair Value of Collateral Received with Right to Sell or Repledge	Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell or repledge $ 674,314 $ 637,941 Collateral that was sold or repledged 1 515,526 486,820
Schedule of Securities Segregated for Regulatory Purposes	Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 22,938 $ 32,254 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheet.
Schedule of Customer Margin Lending	Customer Margin and Other Lending $ in millions At At Margin and other lending $ 41,975 $ 38,524

Loans, Lending Commitments an_2

Loans, Lending Commitments and Related Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Loans by Type	Loans by Type At June 30, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,835 $ 11,226 $ 18,061 Secured lending facilities 37,795 3,597 41,392 Commercial real estate 8,674 436 9,110 Residential real estate 57,215 24 57,239 Securities-based lending and Other loans 91,090 1 91,091 Total loans 201,609 15,284 216,893 ACL (1,081) (1,081) Total loans, net $ 200,528 $ 15,284 $ 215,812 Loans to non-U.S. borrowers, net $ 25,839 At December 31, 2022 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,589 $ 10,634 $ 17,223 Secured lending facilities 35,606 3,176 38,782 Commercial real estate 8,515 926 9,441 Residential real estate 54,460 4 54,464 Securities-based lending and Other loans 94,666 48 94,714 Total loans 199,836 14,788 214,624 ACL (839) (839) Total loans, net $ 198,997 $ 14,788 $ 213,785 Loans to non-U.S. borrowers, net $ 23,651
Schedule of Loans by Interest Rate Type	Loans by Interest Rate Type At June 30, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,061 $ — $ 17,223 Secured lending facilities — 41,392 — 38,782 Commercial real estate 200 8,910 204 9,237 Residential real estate 26,942 30,297 24,903 29,561 Securities-based lending and Other loans 22,778 68,313 24,077 70,637 Total loans, before ACL $ 49,920 $ 166,973 $ 49,184 $ 165,440
Schedule of Loans Held for Investment	Loans Held for Investment before Allowance by Origination Year At June 30, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,621 $ 3,708 $ 6,329 $ 2,554 $ 3,456 $ 6,010 2023 8 — 8 2022 — 169 169 6 107 113 2021 15 103 118 — 139 139 2020 — 59 59 — 58 58 2019 — 152 152 — 154 154 Prior — — — 115 — 115 Total $ 2,644 $ 4,191 $ 6,835 $ 2,675 $ 3,914 $ 6,589 At June 30, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 11,300 $ 19,419 $ 30,719 $ 9,445 $ 21,243 $ 30,688 2023 1,548 551 2,099 2022 1,092 1,725 2,817 1,135 1,336 2,471 2021 264 202 466 254 208 462 2020 — 87 87 — 98 98 2019 60 379 439 60 486 546 Prior 207 961 1,168 215 1,126 1,341 Total $ 14,471 $ 23,324 $ 37,795 $ 11,109 $ 24,497 $ 35,606 At June 30, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 175 $ 175 $ — $ 204 $ 204 2023 — 526 526 2022 368 2,068 2,436 379 2,201 2,580 2021 227 1,660 1,887 239 1,609 1,848 2020 — 748 748 — 728 728 2019 399 1,294 1,693 659 1,152 1,811 Prior 104 1,105 1,209 211 1,133 1,344 Total $ 1,098 $ 7,576 $ 8,674 $ 1,488 $ 7,027 $ 8,515 At June 30, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 88 $ 30 $ 5 $ 123 $ — $ 123 2023 3,604 735 115 3,963 491 4,454 2022 11,195 2,472 396 12,945 1,118 14,063 2021 11,350 2,431 252 13,088 945 14,033 2020 7,098 1,474 106 8,235 443 8,678 2019 4,065 912 134 4,799 312 5,111 Prior 8,054 2,357 342 9,913 840 10,753 Total $ 45,454 $ 10,411 $ 1,350 $ 53,066 $ 4,149 $ 57,215 At December 31, 2022 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 90 $ 29 $ 5 $ 124 $ — $ 124 2022 11,481 2,533 411 13,276 1,149 14,425 2021 11,604 2,492 257 13,378 975 14,353 2020 7,292 1,501 115 8,452 456 8,908 2019 4,208 946 137 4,968 323 5,291 2018 1,635 447 52 1,965 169 2,134 Prior 6,853 2,072 300 8,492 733 9,225 Total $ 43,163 $ 10,020 $ 1,277 $ 50,655 $ 3,805 $ 54,460 At June 30, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 73,229 $ 5,689 $ 1,077 $ 79,995 2023 647 318 262 1,227 2022 1,537 909 701 3,147 2021 644 428 340 1,412 2020 — 517 387 904 2019 14 922 557 1,493 Prior 202 1,588 1,122 2,912 Total $ 76,273 $ 10,371 $ 4,446 $ 91,090 December 31, 2022 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 77,115 $ 5,760 $ 1,480 $ 84,355 2022 1,425 1,572 269 3,266 2021 725 525 223 1,473 2020 — 580 418 998 2019 16 913 644 1,573 2018 202 268 304 774 Prior — 1,581 646 2,227 Total $ 79,483 $ 11,199 $ 3,984 $ 94,666 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at June 30, 2023 and December 31, 2022, these loans are predominantly over-collateralized. For more information on the ACL methodology related to securities-based loans, see Note 2 to the financial statements in the 2022 Form 10-K. 2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment. Past Due Loans Held for Investment before Allowance 1 $ in millions At June 30, 2023 At December 31, 2022 Corporate $ 46 $ 112 Secured lending facilities — 85 Residential real estate 139 158 Securities-based lending and Other loans 2 1 Total $ 187 $ 356 1. The majority of the amounts are past due for a period of greater than 90 days. Nonaccrual Loans Held for Investment before Allowance $ in millions At June 30, 2023 At December 31, 2022 Corporate $ 121 $ 71 Secured lending facilities 8 94 Commercial real estate 348 209 Residential real estate 113 118 Securities-based lending and Other loans 58 10 Total 1 $ 648 $ 502 Nonaccrual loans without an ACL $ 135 $ 117 1. Includes all loans held for investment that are 90 days or more past due as of June 30, 2023 and December 31, 2022.
Schedule of Modified Loans and Troubled Debt Restructurings	Modified Loans Held for Investment Modified during the three months ended June 30, 2023 1 At June 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 2 — % Secured lending facilities 83 0.2 % Commercial real estate 21 0.2 % Securities-based lending and Other loans 30 — % Total $ 136 Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % Modified during the six months ended June 30, 2023 1 At June 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 23 0.3 % Secured lending facilities 83 0.2 % Commercial real estate 21 0.2 % Residential real estate 1 — % Securities-based lending and Other loans 30 — % Total $ 158 Other-than-insignificant Payment Delay Commercial real estate $ 67 0.8 % Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $74 million and $661 million during the current quarter and current year period, respectively as of June 30, 2023. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 3. Combination - Multiple Modifications includes loans with Term extension and Other-than-insignificant payment delay. Financial Impact on Modified Loans Held for Investment Modified during the three months ended June 30, 2023 1 At June 30, 2023 Term Extension Corporate Added 4 years, 3 months to the life of the modified loan Secured lending facilities Added 3 months to the life of the modified loan Commercial real estate Added 1 month to the life of the modified loan Securities-based lending and Other loans Added 2 years, 2 months to the life of the modified loan Combination - Multiple Modification Commercial real estate Added 6 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan Modified during the six months ended June 30, 2023 1 At June 30, 2023 Term Extension Corporate Added a weighted-average 1 year, 2 months to the life of the modified loans Secured lending facilities Added 3 months to the life of the modified loan Commercial real estate Added 4 months to the life of the modified loan Residential real estate Added 4 months to the life of the modified loan Securities-based lending and Other loans Added 2 years, 2 months to the life of the modified loan Other-than-insignificant Payment Delay Commercial real estate Provided a forbearance period of 8 months to the borrower of the modified loan Combination - Multiple Modification Commercial real estate Added 7 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan 1. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Lending commitments —
Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments	Gross Charge-offs by Origination Year Three Months Ended June 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ 29 $ — $ — $ — $ — $ 29 2020 — — — — 1 1 Total $ 29 $ — $ — $ — $ 1 $ 30 Six Months Ended June 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ 30 $ — $ — $ — $ — $ 30 2020 — — — — 2 2 2019 — — 29 — — 29 Prior — — 40 — — 40 Total $ 30 $ — $ 69 $ — $ 2 $ 101 Provision for Credit Losses Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Loans $ 138 $ 92 $ 339 $ 131 Lending commitments 23 9 56 27 Allowance for Credit Losses Rollforward and Allocation—Loans $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (30) — (69) — (2) (101) Provision (release) 50 3 178 25 83 339 Other 2 — 1 — 1 4 June 30, 2023 $ 257 $ 156 $ 385 $ 112 $ 171 $ 1,081 Percent of loans to total loans 1 4 % 19 % 4 % 28 % 45 % 100 % $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 165 $ 163 $ 206 $ 60 $ 60 $ 654 Gross charge-offs — (3) (7) — (7) (17) Recoveries 4 — — — — 4 Net recoveries (charge-offs) 4 (3) (7) — (7) (13) Provision (release) 47 8 36 24 16 131 Other (4) (1) (6) — 1 (10) June 30, 2022 $ 212 $ 167 $ 229 $ 84 $ 70 $ 762 Percent of loans to total loans 1 3 % 17 % 4 % 26 % 50 % 100 % CRE—Commercial real estate SBL—Securities-based lending 1. Percent of loans to total loans represents loans held for investment by loan type to total loans held for investment. Allowance for Credit Losses Rollforward—Lending Commitments $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 35 10 7 1 3 56 Other 2 — — — — 2 June 30, 2023 $ 448 $ 61 $ 22 $ 5 $ 26 $ 562 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 356 $ 41 $ 20 $ 1 $ 26 $ 444 Provision (release) 24 7 (2) 1 (3) 27 Other (7) — — — — (7) June 30, 2022 $ 373 $ 48 $ 18 $ 2 $ 23 $ 464
Schedule of Selected Credit Ratios	Selected Credit Ratios At At ACL for loans to total HFI loans 0.5 % 0.4 % Nonaccrual HFI loans to total HFI loans 1 0.3 % 0.3 % ACL for loans to nonaccrual HFI loans 166.8 % 167.1 % 1. These loans are on nonaccrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt.
Schedule of Employee Loans	Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,237 $ 4,023 No longer employed by the Firm 2 99 97 Employee loans $ 4,336 $ 4,120 ACL (137) (139) Employee loans, net of ACL $ 4,199 $ 3,981 Remaining repayment term, weighted average in years 5.9 5.8 1. These loans are predominantly current. 2. These loans are predominantly past due for a period of 90 days or more.

Other Assets - Equity Method _2

Other Assets - Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity Method Investments $ in millions At At Investments $ 1,870 $ 1,927 Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Income (loss) $ 61 $ 17 $ 86 $ 23
Schedule of Joint Ventures	Japanese Securities Joint Venture Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Income (loss) from investment in MUMSS $ 63 $ 14 $ 92 $ 18

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
Schedule of Deposits	Deposits $ in millions At At Savings and demand deposits $ 286,050 $ 319,948 Time deposits 62,461 36,698 Total $ 348,511 $ 356,646 Deposits subject to FDIC insurance $ 270,042 $ 260,420 Deposits not subject to FDIC insurance $ 78,469 $ 96,226
Schedule of Time Deposit Maturities	Time Deposit Maturities $ in millions At 2023 $ 18,234 2024 25,185 2025 8,321 2026 4,040 2027 3,187 Thereafter 3,494 Total $ 62,461

Borrowings and Other Secured _2

Borrowings and Other Secured Financings (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings $ in millions At At Original maturities of one year or less $ 4,153 $ 4,191 Original maturities greater than one year Senior $ 231,706 $ 221,667 Subordinated 12,114 12,200 Total $ 243,820 $ 233,867 Total borrowings $ 247,973 $ 238,058 Weighted average stated maturity, in years 1 6.8 6.7 1. Only includes borrowings with original maturities greater than one year.
Schedule of Other Secured Financings	Other Secured Financings $ in millions At At Original maturities: One year or less $ 1,235 $ 944 Greater than one year 7,059 7,214 Total $ 8,294 $ 8,158 Transfers of assets accounted for as secured financings $ 1,936 $ 1,119

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	Commitments Years to Maturity at June 30, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 15,330 $ 31,443 $ 56,269 $ 1,286 $ 104,328 Secured lending facilities 8,043 7,352 3,488 1,790 20,673 Commercial and Residential real estate 160 271 16 339 786 Securities-based lending and Other 14,527 4,824 323 429 20,103 Forward-starting secured financing receivables 1 61,949 — — — 61,949 Central counterparty 300 — — 8,464 8,764 Underwriting 394 — — — 394 Investment activities 1,739 194 110 289 2,332 Letters of credit and other financial guarantees 106 35 — 10 151 Total $ 102,548 $ 44,119 $ 60,206 $ 12,607 $ 219,480 Lending commitments participated to third parties $ 7,464 1. Forward-starting secured financing receivables are generally settled within three business days.
Schedule of Obligations under Guarantee Arrangements	Guarantees At June 30, 2023 Maximum Potential Payout/Notional of Obligations by Years to Maturity Carrying Amount Asset (Liability) $ in millions Less than 1 1-3 3-5 Over 5 Non-credit derivatives 1 $ 1,310,340 $ 1,228,197 $ 321,208 $ 694,877 $ (56,713) Standby letters of credit and other financial guarantees issued 2 1,435 701 1,459 2,800 (16) Market value guarantees 1 — — — — Liquidity facilities 2,324 — — — — Whole loan sales guarantees — 58 29 23,079 — Securitization representations and warranties 3 — — — 78,650 (3) General partner guarantees 366 20 136 41 (89) Client clearing guarantees 237 — — — — 1. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 6. 2. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of June 30, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $79 million. 3. Related to commercial and residential mortgage securitizations.
Schedule of Litigation Expenses	While the Firm has identified below any individual proceedings or investigations where the Firm believes a material loss to be reasonably possible and in some cases reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable. In many proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss, particularly for proceedings and investigations where the factual record is being developed or contested or where plaintiffs or government entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved before a loss or additional loss, or range of loss or additional range of loss, can be reasonably estimated for a proceeding or investigation, including through potentially lengthy discovery and determination of important factual matters, determination of issues related to class certification and the calculation of damages or other relief, and consideration of novel or unsettled legal questions relevant to the proceedings or investigations in question. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Legal expenses $ 45 $ 262 $ 196 $ 346

Variable Interest Entities an_2

Variable Interest Entities and Securitization Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Variable Interest Entities and Securitization Activities [Abstract]
Schedule of Consolidated VIEs	Consolidated VIE Assets and Liabilities by Type of Activity At June 30, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 466 $ 156 $ 1,153 $ 520 Investment vehicles 2 883 504 638 272 MTOB 484 451 371 322 Other 527 201 519 199 Total $ 2,360 $ 1,312 $ 2,681 $ 1,313 MTOB—Municipal tender option bonds 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets and may be in loan or security form. The value of assets is determined based on the fair value of the liabilities and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Amounts include investment funds and CLOs. Consolidated VIE Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents $ 181 $ 142 Trading assets at fair value 1,574 2,066 Investment securities 396 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 7 16 Other assets 2 2 Total $ 2,360 $ 2,681 Liabilities Other secured financings $ 1,180 $ 1,185 Other liabilities and accrued expenses 128 124 Borrowings 4 4 Total $ 1,312 $ 1,313 Noncontrolling interests $ 76 $ 71
Schedule of Non-Consolidated VIEs	Non-consolidated VIEs At June 30, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 137,116 $ 2,093 $ 3,343 $ 2,748 $ 50,750 Maximum exposure to loss 3 Debt and equity interests $ 18,229 $ 122 $ — $ 1,835 $ 11,411 Derivative and other contracts — — 2,324 — 4,291 Commitments, guarantees and other 2,345 — — — 1,122 Total $ 20,574 $ 122 $ 2,324 $ 1,835 $ 16,824 Carrying value of variable interests—Assets Debt and equity interests $ 18,229 $ 122 $ — $ 1,625 $ 11,411 Derivative and other contracts — — 2 — 1,708 Total $ 18,229 $ 122 $ 2 $ 1,625 $ 13,119 Additional VIE assets owned 4 $ 14,472 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 340 At December 31, 2022 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 123,601 $ 3,162 $ 4,632 $ 2,403 $ 50,178 Maximum exposure to loss 3 Debt and equity interests $ 13,104 $ 274 $ — $ 1,694 $ 11,596 Derivative and other contracts — — 3,200 — 5,211 Commitments, guarantees and other 674 — — — 1,410 Total $ 13,778 $ 274 $ 3,200 $ 1,694 $ 18,217 Carrying value of variable interests – Assets Debt and equity interests $ 13,104 $ 274 $ — $ 1,577 $ 11,596 Derivative and other contracts — — 3 — 1,564 Total $ 13,104 $ 274 $ 3 $ 1,577 $ 13,160 Additional VIE assets owned 4 $ 13,708 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 281 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets, and may be in loan or security form. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm.
Schedule of Mortgage- and Asset-Backed Securitization Assets	Detail of Mortgage- and Asset-Backed Securitization Assets At June 30, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 16,018 $ 2,515 $ 20,428 $ 2,570 Commercial mortgages 69,407 5,174 67,540 4,236 U.S. agency collateralized mortgage obligations 47,439 7,340 32,567 4,729 Other consumer or commercial loans 4,252 3,200 3,066 1,569 Total $ 137,116 $ 18,229 $ 123,601 $ 13,104
Schedule of Transferred Assets with Continuing Involvement	Transferred Assets with Continuing Involvement At June 30, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,083 $ 73,870 $ 7,087 $ 10,669 Retained interests Investment grade $ 136 $ 847 $ 373 $ — Non-investment grade 88 577 3 51 Total $ 224 $ 1,424 $ 376 $ 51 Interests purchased in the secondary market 3 Investment grade $ 43 $ 37 $ 12 $ — Non-investment grade 6 16 — — Total $ 49 $ 53 $ 12 $ — Derivative assets $ — $ — $ — $ 1,111 Derivative liabilities — — — 326 At December 31, 2022 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,732 $ 73,069 $ 6,448 $ 10,928 Retained interests Investment grade $ 137 $ 927 $ 367 $ — Non-investment grade 26 465 11 44 Total $ 163 $ 1,392 $ 378 $ 44 Interests purchased in the secondary market 3 Investment grade $ 82 $ 51 $ 10 $ — Non-investment grade 35 23 — — Total $ 117 $ 74 $ 10 $ — Derivative assets $ — $ — $ — $ 1,114 Derivative liabilities — — — 201 Fair Value At June 30, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 508 $ 12 $ 520 Non-investment grade 16 62 78 Total $ 524 $ 74 $ 598 Interests purchased in the secondary market 3 Investment grade $ 86 $ 6 $ 92 Non-investment grade 15 7 22 Total $ 101 $ 13 $ 114 Derivative assets $ 1,111 $ — $ 1,111 Derivative liabilities 326 — 326 Fair Value at December 31, 2022 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 489 $ — $ 489 Non-investment grade 25 16 41 Total $ 514 $ 16 $ 530 Interests purchased in the secondary market 3 Investment grade $ 140 $ 3 $ 143 Non-investment grade 42 16 58 Total $ 182 $ 19 $ 201 Derivative assets $ 1,114 $ — $ 1,114 Derivative liabilities 153 48 201 RML—Residential mortgage loans CML—Commercial mortgage loans 1. Amounts include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. 3. Amounts are only included for transactions where the Firm also holds retained interests as part of the transfer.
Schedule of Proceeds from New Securitization Transactions and Sales of Loans	Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 New transactions 1 $ 3,605 $ 6,217 $ 6,126 $ 14,477 Retained interests 1,077 1,431 2,652 3,053 Sales of corporate loans to CLO SPEs 1, 2 — 12 — 16 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented.
Schedule of Assets Sold with Retained Exposure	Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 49,195 $ 49,059 Fair value Assets sold $ 50,939 $ 47,281 Derivative assets recognized in the balance sheet 1,832 116 Derivative liabilities recognized in the balance sheet 88 1,893

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	6 Months Ended
	Jun. 30, 2023
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	Capital Buffer Requirements At June 30, 2023 and December 31, 2022 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.8% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.8% 5.5% 1. The CCyB can be set up to 2.5%, but is currently set by the Federal Reserve at zero. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At June 30, 2023 and December 31, 2022 Standardized Advanced Required ratios 1 Common Equity Tier 1 capital ratio 4.5 % 13.3% 10.0% Tier 1 capital ratio 6.0 % 14.8% 11.5% Total capital ratio 8.0 % 16.8% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios $ in millions Required 1 At June 30, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,884 $ 68,670 Tier 1 capital 78,429 77,191 Total capital 89,586 86,575 Total RWA 449,815 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.5 % 15.3 % Tier 1 capital ratio 14.8 % 17.4 % 17.2 % Total capital ratio 16.8 % 19.9 % 19.3 % $ in millions Required Ratio 1 At June 30, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,163,153 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.7 % 6.7 % Supplementary leverage exposure 3 $ 1,418,662 $ 1,399,403 SLR 5.0 % 5.5 % 5.5 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets for the quarters ending on the respective balance sheet dates, reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm’s own capital instruments, certain defined tax assets and other capital deductions.
MSBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At June 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 20,526 20.0 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 20,526 20.0 % 20,043 20.5 % Total capital 10.0 % 10.5 % 21,338 20.8 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 20,526 10.0 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 20,526 7.9 % 20,043 8.1 %
MSPBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At June 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 15,502 26.4 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 15,502 26.4 % 15,546 27.5 % Total capital 10.0 % 10.5 % 15,766 26.9 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 15,502 7.8 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 15,502 7.5 % 15,546 7.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Failure to maintain the buffers would result in restrictions on the ability to make capital distributions, including the payment of dividends.
MS&Co.
Regulatory Requirements
Schedule of Broker-Dealer Regulatory Capital Requirements	MS&Co. Regulatory Capital $ in millions At June 30, At December 31, Net capital $ 17,449 $ 17,224 Excess net capital 13,027 12,861

Total Equity (Tables)

Total Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Preferred Stock Outstanding and Preferred Stock Dividends	Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 I 40,000 25,000 1,000 1,000 K 40,000 25,000 1,000 1,000 L 20,000 25,000 500 500 M 400,000 1,000 430 430 N 3,000 100,000 300 300 O 52,000 25,000 1,300 1,300 P 40,000 25,000 1,000 1,000 Total $ 8,750 $ 8,750 Shares authorized 30,000,000 1. Series C preferred stock is held by MUFG. Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 377 $ 17 $ 253 $ 11 C 25 13 25 13 E 445 16 445 15 F 430 15 430 14 I 398 16 398 16 K 366 14 366 15 L 305 6 305 6 N 3 2,051 6 — — O 266 14 266 14 P 406 16 — — Total Preferred stock $ 133 $ 104 Common stock $ 0.775 $ 1,292 $ 0.700 $ 1,221 $ in millions, except per Six Months Ended Six Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 720 $ 32 $ 494 $ 22 C 50 26 50 26 E 891 31 891 30 F 859 29 859 29 I 797 32 797 32 K 731 29 731 30 L 609 12 609 12 M 2 29 12 29 12 N 3 4,701 14 2,650 8 O 531 28 531 27 P 813 32 — — Total Preferred stock $ 277 $ 228 Common stock $ 1.550 $ 2,597 $ 1.400 $ 2,473 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Share Repurchases	Share Repurchases Three Months Ended June 30, Six Months Ended June 30, $ in millions 2023 2022 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,000 $ 2,738 $ 2,500 $ 5,610
Schedule of Common Shares Outstanding for Basic and Diluted EPS	Common Shares Outstanding for Basic and Diluted EPS Three Months Ended Six Months Ended in millions 2023 2022 2023 2022 Weighted average common shares outstanding, basic 1,635 1,704 1,640 1,718 Effect of dilutive RSUs and PSUs 16 19 17 20 Weighted average common shares outstanding and common stock equivalents, diluted 1,651 1,723 1,657 1,739 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) 5 8 4 7
Schedule of Common Stock Dividends Per Share	Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 377 $ 17 $ 253 $ 11 C 25 13 25 13 E 445 16 445 15 F 430 15 430 14 I 398 16 398 16 K 366 14 366 15 L 305 6 305 6 N 3 2,051 6 — — O 266 14 266 14 P 406 16 — — Total Preferred stock $ 133 $ 104 Common stock $ 0.775 $ 1,292 $ 0.700 $ 1,221 $ in millions, except per Six Months Ended Six Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 720 $ 32 $ 494 $ 22 C 50 26 50 26 E 891 31 891 30 F 859 29 859 29 I 797 32 797 32 K 731 29 731 30 L 609 12 609 12 M 2 29 12 29 12 N 3 4,701 14 2,650 8 O 531 28 531 27 P 813 32 — — Total Preferred stock $ 277 $ 228 Common stock $ 1.550 $ 2,597 $ 1.400 $ 2,473 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) OCI during the period (27) (21) (1) (520) (20) (589) June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) March 31, 2022 $ (1,050) $ (2,150) $ (546) $ (1,156) $ — $ (4,902) OCI during the period (176) (1,076) 3 1,130 — (119) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 5 491 (2) (528) (13) (47) June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (224) (3,471) 8 1,768 — (1,919) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) 1. Amounts are net of tax and noncontrolling interests.
Schedule of Components of Period Changes in OCI	Components of Period Changes in OCI Three Months Ended June 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (88) $ (23) $ (111) $ (84) $ (27) Reclassified to earnings — — — — — Net OCI $ (88) $ (23) $ (111) $ (84) $ (27) Change in net unrealized gains (losses) on AFS securities OCI activity $ (38) $ 10 $ (28) $ — $ (28) Reclassified to earnings 10 (3) 7 — 7 Net OCI $ (28) $ 7 $ (21) $ — $ (21) Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings — — — — — Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (704) $ 171 $ (533) $ (11) $ (522) Reclassified to earnings 3 (1) 2 — 2 Net OCI $ (701) $ 170 $ (531) $ (11) $ (520) Change in fair value of cash flow hedge derivatives OCI activity $ (25) $ 4 $ (21) $ — $ (21) Reclassified to earnings 2 (1) 1 — 1 Net OCI $ (23) $ 3 $ (20) $ — $ (20) Three Months Ended June 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (134) $ (213) $ (347) $ (112) $ (235) Reclassified to earnings — 59 59 — 59 Net OCI $ (134) $ (154) $ (288) $ (112) $ (176) Change in net unrealized gains (losses) on AFS securities OCI activity $ (1,387) $ 325 $ (1,062) $ — $ (1,062) Reclassified to earnings (18) 4 (14) — (14) Net OCI $ (1,405) $ 329 $ (1,076) $ — $ (1,076) Pension and other OCI activity $ (2) $ — $ (2) $ — $ (2) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ 4 $ (1) $ 3 $ — $ 3 Change in net DVA OCI activity $ 1,521 $ (368) $ 1,153 $ 22 $ 1,131 Reclassified to earnings (1) — (1) — (1) Net OCI $ 1,520 $ (368) $ 1,152 $ 22 $ 1,130 Six Months Ended June 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (98) $ 7 $ (91) $ (96) $ 5 Reclassified to earnings — — — — — Net OCI $ (98) $ 7 $ (91) $ (96) $ 5 Change in net unrealized gains (losses) on AFS securities OCI activity $ 672 $ (157) $ 515 $ — $ 515 Reclassified to earnings (31) 7 (24) — (24) Net OCI $ 641 $ (150) $ 491 $ — $ 491 Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings (1) — (1) — (1) Net OCI $ (2) $ — $ (2) $ — $ (2) Change in net DVA OCI activity $ (734) $ 181 $ (553) $ (18) $ (535) Reclassified to earnings 9 (2) 7 — 7 Net OCI $ (725) $ 179 $ (546) $ (18) $ (528) Change in fair value of cash flow hedge derivatives OCI activity $ (18) $ 3 $ (15) $ — $ (15) Reclassified to earnings 3 (1) 2 — 2 Net OCI $ (15) $ 2 $ (13) $ — $ (13) Six Months Ended June 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (194) $ (258) $ (452) $ (169) $ (283) Reclassified to earnings — 59 59 — 59 Net OCI $ (194) $ (199) $ (393) $ (169) $ (224) Change in net unrealized gains (losses) on AFS securities OCI activity $ (4,471) $ 1,047 $ (3,424) $ — $ (3,424) Reclassified to earnings (62) 15 (47) — (47) Net OCI $ (4,533) $ 1,062 $ (3,471) $ — $ (3,471) Pension and other OCI activity $ (2) $ — $ (2) $ — $ (2) Reclassified to earnings 11 (1) 10 — 10 Net OCI $ 9 $ (1) $ 8 $ — $ 8 Change in net DVA OCI activity $ 2,392 $ (579) $ 1,813 $ 44 $ 1,769 Reclassified to earnings (1) — (1) — (1) Net OCI $ 2,391 $ (579) $ 1,812 $ 44 $ 1,768

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2023
Interest Income (Expense), Net [Abstract]
Schedule of Details of Interest Income and Interest Expense	Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Interest income Investment securities $ 850 $ 741 $ 1,868 $ 1,518 Loans 3,045 1,402 5,855 2,559 Securities purchased under agreements to resell 1 1,829 193 3,306 206 Securities borrowed 2 1,370 (70) 2,541 (287) Trading assets, net of Trading liabilities 934 562 1,851 1,087 Customer receivables and Other 3 4,020 784 7,497 1,179 Total interest income $ 12,048 $ 3,612 $ 22,918 $ 6,262 Interest expense Deposits $ 1,946 $ 135 $ 3,521 $ 209 Borrowings 2,770 934 5,274 1,619 Securities sold under agreements to repurchase 4 1,452 174 2,669 222 Securities loaned 5 203 111 367 205 Customer payables and Other 6 3,667 (24) 6,731 (491) Total interest expense $ 10,038 $ 1,330 $ 18,562 $ 1,764 Net interest $ 2,010 $ 2,282 $ 4,356 $ 4,498 1. Includes interest paid on Securities purchased under agreements to resell. 2. Includes fees paid on Securities borrowed. 3. Includes interest from Cash and cash equivalents. 4. Includes interest received on Securities sold under agreements to repurchase. 5. Includes fees received on Securities loaned.
Schedule of Accrued Interest	Accrued Interest $ in millions At June 30, At December 31, Customer and other receivables $ 4,026 $ 4,139 Customer and other payables 4,173 4,273

Segment, Geographic and Reven_2

Segment, Geographic and Revenue Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Selected Financial Information by Business Segment	Selected Financial Information by Business Segment Three Months Ended June 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,075 $ 109 $ — $ (29) $ 1,155 Trading 3,594 208 (10) 10 3,802 Investments 23 22 50 — 95 Commissions and fees 1 605 552 — (67) 1,090 Asset management 1,2 150 3,452 1,268 (53) 4,817 Other 325 161 5 (3) 488 Total non-interest revenues 5,772 4,504 1,313 (142) 11,447 Interest income 8,816 3,700 29 (497) 12,048 Interest expense 8,934 1,544 61 (501) 10,038 Net interest (118) 2,156 (32) 4 2,010 Net revenues $ 5,654 $ 6,660 $ 1,281 $ (138) $ 13,457 Provision for credit losses $ 97 $ 64 $ — $ — $ 161 Compensation and benefits 2,215 3,503 544 — 6,262 Non-compensation expenses 2,365 1,412 567 (122) 4,222 Total non-interest expenses $ 4,580 $ 4,915 $ 1,111 $ (122) $ 10,484 Income before provision for income taxes $ 977 $ 1,681 $ 170 $ (16) $ 2,812 Provision for income taxes 176 373 46 (4) 591 Net income 801 1,308 124 (12) 2,221 Net income applicable to noncontrolling interests 42 — (3) — 39 Net income applicable to Morgan Stanley $ 759 $ 1,308 $ 127 $ (12) $ 2,182 Three Months Ended June 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,072 $ 97 $ — $ (19) $ 1,150 Trading 3,976 (409) 15 15 3,597 Investments (95) 15 103 — 23 Commissions and fees 1 688 603 — (71) 1,220 Asset management 1,2 155 3,510 1,304 (57) 4,912 Other (223) 173 1 (3) (52) Total non-interest revenues 5,573 3,989 1,423 (135) 10,850 Interest income 1,846 1,945 9 (188) 3,612 Interest expense 1,300 198 21 (189) 1,330 Net interest 546 1,747 (12) 1 2,282 Net revenues $ 6,119 $ 5,736 $ 1,411 $ (134) $ 13,132 Provision for credit losses $ 82 $ 19 $ — $ — $ 101 Compensation and benefits 2,050 2,895 605 — 5,550 Non-compensation expenses 2,433 1,301 557 (129) 4,162 Total non-interest expenses $ 4,483 $ 4,196 $ 1,162 $ (129) $ 9,712 Income before provision for income taxes $ 1,554 $ 1,521 $ 249 $ (5) $ 3,319 Provision for income taxes 395 331 58 (1) 783 Net income 1,159 1,190 191 (4) 2,536 Net income applicable to noncontrolling interests 38 — 3 — 41 Net income applicable to Morgan Stanley $ 1,121 $ 1,190 $ 188 $ (4) $ 2,495 Six Months Ended June 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 2,322 $ 213 $ — $ (50) $ 2,485 Trading 7,851 435 (26) 19 8,279 Investments 51 38 151 — 240 Commissions and fees 1 1,319 1,142 — (132) 2,329 Asset management 1,2 298 6,834 2,516 (103) 9,545 Other 505 243 (1) (7) 740 Total non-interest revenues 12,346 8,905 2,640 (273) 23,618 Interest income 16,574 7,327 58 (1,041) 22,918 Interest expense 16,469 3,013 128 (1,048) 18,562 Net interest 105 4,314 (70) 7 4,356 Net revenues $ 12,451 $ 13,219 $ 2,570 $ (266) $ 27,974 Provision for credit losses $ 286 $ 109 $ — $ — $ 395 Compensation and benefits 4,580 6,980 1,112 — 12,672 Non-compensation expenses 4,716 2,737 1,122 (240) 8,335 Total non-interest expenses $ 9,296 $ 9,717 $ 2,234 $ (240) $ 21,007 Income before provision for income taxes $ 2,869 $ 3,393 $ 336 $ (26) $ 6,572 Provision for income taxes 539 709 76 (6) 1,318 Net income 2,330 2,684 260 (20) 5,254 Net income applicable to noncontrolling interests 93 — (1) — 92 Net income applicable to Morgan Stanley $ 2,237 $ 2,684 $ 261 $ (20) $ 5,162 Six Months Ended June 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 2,706 $ 240 $ — $ (38) $ 2,908 Trading 8,181 (640) 6 33 7,580 Investments 4 27 67 — 98 Commissions and fees 1 1,462 1,326 — (152) 2,636 Asset management 1,2 302 7,136 2,692 (99) 10,031 Other (106) 295 (1) (6) 182 Total non-interest revenues 12,549 8,384 2,764 (262) 23,435 Interest income 2,908 3,582 16 (244) 6,262 Interest expense 1,681 295 34 (246) 1,764 Net interest 1,227 3,287 (18) 2 4,498 Net revenues $ 13,776 $ 11,671 $ 2,746 $ (260) $ 27,933 Provision for credit losses $ 126 $ 32 $ — $ — $ 158 Compensation and benefits 4,654 6,020 1,150 — 11,824 Non-compensation expenses 4,655 2,525 1,119 (255) 8,044 Total non-interest expenses $ 9,309 $ 8,545 $ 2,269 $ (255) $ 19,868 Income before provision for income taxes $ 4,341 $ 3,094 $ 477 $ (5) $ 7,907 Provision for income taxes 930 632 95 (1) 1,656 Net income 3,411 2,462 382 (4) 6,251 Net income applicable to noncontrolling interests 99 — (9) — 90 Net income applicable to Morgan Stanley $ 3,312 $ 2,462 $ 391 $ (4) $ 6,161 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods.
Schedule of Investment Banking Revenues	Detail of Investment Banking Revenues Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Institutional Securities Advisory $ 455 $ 598 $ 1,093 $ 1,542 Institutional Securities Underwriting 620 474 1,229 1,164 Firm Investment banking revenues from contracts with customers 92 % 88 % 91 % 89 %
Schedule of Trading Revenues by Product Type	Trading Revenues by Product Type Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Interest rate $ 1,209 $ 469 $ 2,577 $ 860 Foreign exchange 126 475 388 1,123 Equity 1 2,403 1,990 4,615 3,997 Commodity and other 335 484 874 1,009 Credit (271) 179 (175) 591 Total $ 3,802 $ 3,597 $ 8,279 $ 7,580
Schedule of Net Unrealized Carried Interest and Reduction of Fees due to Fee Waivers	Investment Management Investments Revenues—Net Cumulative Unrealized Carried Interest $ in millions At At Net cumulative unrealized performance-based fees at risk of reversing $ 772 $ 819 Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Fee waivers $ 28 $ 41 $ 46 $ 165
Schedule of Other Expenses - Transaction Taxes	Other Expenses—Transaction Taxes Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Transaction taxes $ 247 $ 228 $ 461 $ 486
Schedule of Net Revenues by Region	Net Revenues by Region Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Americas $ 10,394 $ 9,662 $ 21,185 $ 20,126 EMEA 1,500 1,678 3,237 3,989 Asia 1,563 1,792 3,552 3,818 Total $ 13,457 $ 13,132 $ 27,974 $ 27,933
Schedule of Revenue Recognized from Prior Services	Revenues Recognized from Prior Services Three Months Ended Six Months Ended $ in millions 2023 2022 2023 2022 Non-interest revenues $ 469 $ 613 $ 1,060 $ 1,551
Schedule of Receivables from Contracts with Customers	Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,264 $ 2,577
Schedule of Assets by Business Segment	Assets by Business Segment $ in millions At At Institutional Securities $ 784,785 $ 789,837 Wealth Management 362,627 373,305 Investment Management 17,499 17,089 Total 1 $ 1,164,911 $ 1,180,231

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and due from banks	$ 5,690	$ 5,409
Interest bearing deposits with banks	99,304	122,718
Total Cash and cash equivalents	104,994	128,127
Restricted cash	$ 32,785	$ 35,380

Fair Values - Assets and Liabil

Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets at fair value
Derivative and other contracts	$ 42,904	$ 44,212
Investment securities	141,529	149,303
Total trading assets	328,454	301,315
Investment securities—AFS	79,567	84,297
Securities purchased under agreements to resell	9	8
Liabilities at fair value
Deposits	5,981	4,796
Derivative and other contracts	30,763	38,135
Securities sold under agreements to repurchase	1,129	864
Other secured financings	5,538	4,550
Borrowings	87,825	78,720
State and municipal securities
Assets at fair value
Investment securities—AFS	1,133	2,627
Recurring
Assets at fair value
Netting	(38,909)	(55,777)
Liabilities at fair value
Netting	(45,977)	(57,107)
Borrowings	87,825	78,720
Recurring | Interest rate
Liabilities at fair value
Borrowings	28,097	26,077
Recurring | Credit
Liabilities at fair value
Borrowings	2,048	1,564
Recurring | Foreign exchange
Liabilities at fair value
Borrowings	1,505	1,417
Recurring | Equity
Liabilities at fair value
Borrowings	44,901	38,945
Recurring | Commodity and other
Liabilities at fair value
Borrowings	11,274	10,717
Recurring | Loans and lending commitments
Assets at fair value
Trading assets	8,464	8,397
Recurring | Total
Assets at fair value
Derivative and other contracts	42,904	44,212
Netting	(335,060)	(325,294)
Investment securities	2,407	2,260
Physical commodities	2,504	2,379
Total trading assets	322,926	295,861
Investment securities—AFS	79,567	84,297
Securities purchased under agreements to resell	9	8
Total assets at fair value	402,502	380,166
Liabilities at fair value
Deposits	5,981	4,796
Trading liabilities	147,042	154,438
Derivative and other contracts	30,763	38,135
Netting	(342,128)	(326,624)
Securities sold under agreements to repurchase	1,129	864
Other secured financings	5,538	4,550
Borrowings	87,825	78,720
Total liabilities at fair value	247,515	243,368
Recurring | Total | Interest rate
Assets at fair value
Derivative and other contracts	202,355	171,390
Liabilities at fair value
Derivative and other contracts	195,569	165,158
Recurring | Total | Credit
Assets at fair value
Derivative and other contracts	10,113	8,301
Liabilities at fair value
Derivative and other contracts	10,431	8,302
Recurring | Total | Foreign exchange
Assets at fair value
Derivative and other contracts	93,738	115,998
Liabilities at fair value
Derivative and other contracts	88,591	113,589
Recurring | Total | Equity
Assets at fair value
Derivative and other contracts	53,454	43,355
Liabilities at fair value
Derivative and other contracts	61,637	51,331
Recurring | Total | Commodity and other
Assets at fair value
Derivative and other contracts	18,304	30,462
Liabilities at fair value
Derivative and other contracts	16,663	26,379
Recurring | Total | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	18,198	21,004
Recurring | Total | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	32,191	25,926
Recurring | Total | Corporate and other debt
Liabilities at fair value
Trading liabilities	11,162	8,815
Recurring | Total | Corporate equities
Liabilities at fair value
Trading liabilities	54,728	60,558
Recurring | Total | U.S. Treasury and agency securities
Assets at fair value
Trading assets	83,454	80,742
Recurring | Total | Other sovereign government obligations
Assets at fair value
Trading assets	40,084	29,582
Recurring | Total | State and municipal securities
Assets at fair value
Trading assets	1,678	1,648
Recurring | Total | MABS
Assets at fair value
Trading assets	2,772	2,190
Recurring | Total | Loans and lending commitments
Assets at fair value
Trading assets	8,464	8,397
Recurring | Total | Corporate and other debt
Assets at fair value
Trading assets	32,728	25,447
Recurring | Total | Corporate equities
Assets at fair value
Equity securities	105,931	99,004
Recurring | Level 1
Assets at fair value
Derivative and other contracts	2,114	3,299
Netting	(6,794)	(9,618)
Investment securities	697	652
Physical commodities	0	0
Total trading assets	191,448	164,926
Investment securities—AFS	47,973	53,866
Securities purchased under agreements to resell	0	0
Total assets at fair value	239,421	218,792
Liabilities at fair value
Deposits	0	0
Trading liabilities	104,148	107,379
Derivative and other contracts	2,410	3,370
Netting	(6,794)	(9,618)
Securities sold under agreements to repurchase	0	0
Other secured financings	0	0
Borrowings	0	0
Total liabilities at fair value	104,148	107,379
Recurring | Level 1 | Interest rate
Assets at fair value
Derivative and other contracts	3,851	4,481
Liabilities at fair value
Derivative and other contracts	3,067	3,446
Recurring | Level 1 | Credit
Assets at fair value
Derivative and other contracts	0	0
Liabilities at fair value
Derivative and other contracts	0	0
Recurring | Level 1 | Foreign exchange
Assets at fair value
Derivative and other contracts	46	49
Liabilities at fair value
Derivative and other contracts	40	89
Recurring | Level 1 | Equity
Assets at fair value
Derivative and other contracts	2,118	2,778
Liabilities at fair value
Derivative and other contracts	2,601	3,266
Recurring | Level 1 | Commodity and other
Assets at fair value
Derivative and other contracts	2,893	5,609
Liabilities at fair value
Derivative and other contracts	3,496	6,187
Recurring | Level 1 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	18,163	20,776
Recurring | Level 1 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	29,309	23,235
Recurring | Level 1 | Corporate and other debt
Liabilities at fair value
Trading liabilities	0	0
Recurring | Level 1 | Corporate equities
Liabilities at fair value
Trading liabilities	54,266	59,998
Recurring | Level 1 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	51,900	38,462
Recurring | Level 1 | Other sovereign government obligations
Assets at fair value
Trading assets	31,906	24,644
Recurring | Level 1 | State and municipal securities
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | MABS
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Loans and lending commitments
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Corporate and other debt
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Corporate equities
Assets at fair value
Equity securities	104,831	97,869
Recurring | Level 2
Assets at fair value
Derivative and other contracts	76,016	92,536
Netting	(288,327)	(258,821)
Investment securities	742	685
Physical commodities	2,504	2,379
Total trading assets	160,293	176,659
Investment securities—AFS	31,594	30,396
Securities purchased under agreements to resell	9	8
Total assets at fair value	191,896	207,063
Liabilities at fair value
Deposits	5,945	4,776
Trading liabilities	85,913	100,310
Derivative and other contracts	71,461	88,090
Netting	(288,327)	(258,821)
Securities sold under agreements to repurchase	675	352
Other secured financings	5,448	4,459
Borrowings	86,038	77,133
Total liabilities at fair value	184,019	187,030
Recurring | Level 2 | Interest rate
Assets at fair value
Derivative and other contracts	197,854	166,392
Liabilities at fair value
Derivative and other contracts	191,901	161,044
Recurring | Level 2 | Credit
Assets at fair value
Derivative and other contracts	9,710	7,876
Liabilities at fair value
Derivative and other contracts	10,124	7,987
Recurring | Level 2 | Foreign exchange
Assets at fair value
Derivative and other contracts	93,501	115,766
Liabilities at fair value
Derivative and other contracts	88,388	113,383
Recurring | Level 2 | Equity
Assets at fair value
Derivative and other contracts	50,969	40,171
Liabilities at fair value
Derivative and other contracts	57,894	46,923
Recurring | Level 2 | Commodity and other
Assets at fair value
Derivative and other contracts	12,309	21,152
Liabilities at fair value
Derivative and other contracts	11,481	17,574
Recurring | Level 2 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	35	228
Recurring | Level 2 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	2,878	2,688
Recurring | Level 2 | Corporate and other debt
Liabilities at fair value
Trading liabilities	11,120	8,786
Recurring | Level 2 | Corporate equities
Liabilities at fair value
Trading liabilities	419	518
Recurring | Level 2 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	31,554	42,263
Recurring | Level 2 | Other sovereign government obligations
Assets at fair value
Trading assets	8,050	4,769
Recurring | Level 2 | State and municipal securities
Assets at fair value
Trading assets	1,638	1,503
Recurring | Level 2 | MABS
Assets at fair value
Trading assets	2,286	1,774
Recurring | Level 2 | Loans and lending commitments
Assets at fair value
Trading assets	6,064	6,380
Recurring | Level 2 | Corporate and other debt
Assets at fair value
Trading assets	30,505	23,351
Recurring | Level 2 | Corporate equities
Assets at fair value
Equity securities	934	1,019
Recurring | Level 3
Assets at fair value
Equity securities	166	116
Derivative and other contracts	3,683	4,154
Netting	(1,030)	(1,078)
Investment securities	968	923
Physical commodities	0	0
Total trading assets	10,094	10,053
Investment securities—AFS	0	35
Securities purchased under agreements to resell	0	0
Total assets at fair value	10,094	10,088
Liabilities at fair value
Deposits	36	20
Trading liabilities	2,958	3,856
Derivative and other contracts	2,869	3,782
Netting	(1,030)	(1,078)
Securities sold under agreements to repurchase	454	512
Other secured financings	90	91
Borrowings	1,787	1,587
Total liabilities at fair value	5,325	6,066
Recurring | Level 3 | Interest rate
Assets at fair value
Derivative and other contracts	650	517
Liabilities at fair value
Derivative and other contracts	601	668
Recurring | Level 3 | Credit
Assets at fair value
Derivative and other contracts	403	425
Liabilities at fair value
Derivative and other contracts	307	315
Recurring | Level 3 | Foreign exchange
Assets at fair value
Derivative and other contracts	191	183
Liabilities at fair value
Derivative and other contracts	163	117
Recurring | Level 3 | Equity
Assets at fair value
Derivative and other contracts	367	406
Liabilities at fair value
Derivative and other contracts	1,142	1,142
Recurring | Level 3 | Commodity and other
Assets at fair value
Derivative and other contracts	3,102	3,701
Liabilities at fair value
Derivative and other contracts	1,686	2,618
Recurring | Level 3 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	0	0
Recurring | Level 3 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	4	3
Recurring | Level 3 | Corporate and other debt
Liabilities at fair value
Trading liabilities	42	29
Recurring | Level 3 | Corporate equities
Liabilities at fair value
Trading liabilities	43	42
Recurring | Level 3 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	0	17
Recurring | Level 3 | Other sovereign government obligations
Assets at fair value
Trading assets	128	169
Recurring | Level 3 | State and municipal securities
Assets at fair value
Trading assets	40	145
Recurring | Level 3 | MABS
Assets at fair value
Trading assets	486	416
Recurring | Level 3 | Loans and lending commitments
Assets at fair value
Trading assets	2,400	2,017
Recurring | Level 3 | Corporate and other debt
Assets at fair value
Trading assets	2,223	2,096
Recurring | Level 3 | Corporate equities
Assets at fair value
Equity securities	$ 166	$ 116

Fair Values - Detail of Loans a

Fair Values - Detail of Loans and Lending Commitments at Fair Value (Details) - Loans and lending commitments - Recurring - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurements
Trading assets	$ 8,464	$ 8,397
Secured lending facilities
Fair Value Measurements
Trading assets	0	6
Commercial real estate
Fair Value Measurements
Trading assets	917	528
Residential real estate
Fair Value Measurements
Trading assets	2,447	2,020
Securities-based lending and Other loans
Fair Value Measurements
Trading assets	$ 5,100	$ 5,843

Fair Values - Detail of Unsettl

Fair Values - Detail of Unsettled Fair Value of Futures Contracts (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Futures Contracts | Customer and other receivables (payables), net | Recurring
Fair Value Measurements
Derivative assets, unsettled fair value	$ 1,492	$ 1,219

Fair Values - Activity of Level

Fair Values - Activity of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Liabilities at Fair Value
Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA	$ 11	$ (63)	$ 22	$ (96)
Deposits
Liabilities at Fair Value
Beginning balance	29	26	20	67
Issuances	14	2	19	2
Settlements	0	(2)	0	(6)
Net transfers	(7)	(7)	(3)	(44)
Ending balance	36	19	36	19
Unrealized losses (gains)	0	0	0	0
Nonderivative trading liabilities
Liabilities at Fair Value
Beginning balance	160	48	74	61
Realized and unrealized losses (gains)	0	0	(12)	(4)
Purchases	(82)	(43)	(127)	(48)
Net transfers	(13)	62	34	66
Sales	24	37	120	29
Ending balance	89	104	89	104
Unrealized losses (gains)	(1)	0	(12)	(4)
Securities sold under agreements to repurchase
Liabilities at Fair Value
Beginning balance	514	516	512	651
Realized and unrealized losses (gains)	(3)	(10)	7	(7)
Issuances	0	9	1	9
Settlements	0	(1)	(9)	(12)
Net transfers	(57)	0	(57)	(127)
Ending balance	454	514	454	514
Unrealized losses (gains)	(4)	(10)	7	(7)
Other secured financings
Liabilities at Fair Value
Beginning balance	115	120	91	403
Realized and unrealized losses (gains)	1	(4)	3	(6)
Issuances	2	4	43	31
Settlements	(28)	(8)	(47)	(313)
Net transfers	0	0	0	(3)
Ending balance	90	112	90	112
Unrealized losses (gains)	1	(4)	3	(6)
Borrowings
Liabilities at Fair Value
Beginning balance	1,649	2,399	1,587	2,157
Realized and unrealized losses (gains)	1	(312)	44	(476)
Issuances	257	158	512	308
Settlements	(52)	(183)	(181)	(215)
Net transfers	(68)	263	(175)	551
Ending balance	1,787	2,325	1,787	2,325
Unrealized losses (gains)	(1)	(306)	26	(479)
Net derivatives: Interest rate
Assets at Fair value
Beginning balance	(217)	634	(151)	708
Realized and unrealized gains (losses)	116	(275)	(174)	(533)
Purchases	2	2	8	0
Settlements	32	(173)	282	(131)
Net transfers	122	(287)	88	(146)
Issuances	(6)	(3)	(4)	0
Ending balance	49	(102)	49	(102)
Unrealized gains (losses)	(30)	(266)	8	(372)
Net derivatives: Credit
Assets at Fair value
Beginning balance	48	93	110	98
Realized and unrealized gains (losses)	40	(21)	7	232
Purchases	0	8	0	0
Settlements	(6)	94	(19)	(168)
Net transfers	14	23	(2)	31
Issuances	0	(7)	0	(3)
Ending balance	96	190	96	190
Unrealized gains (losses)	47	(4)	11	224
Net derivatives: Foreign exchange
Assets at Fair value
Beginning balance	66	(33)	66	52
Realized and unrealized gains (losses)	18	124	(40)	(13)
Purchases	0	4	0	0
Settlements	19	(148)	38	(46)
Net transfers	(75)	(278)	(34)	(324)
Issuances	0	0	(2)	0
Ending balance	28	(331)	28	(331)
Unrealized gains (losses)	25	123	(32)	7
Net derivatives: Equity
Assets at Fair value
Beginning balance	(777)	(654)	(736)	(945)
Realized and unrealized gains (losses)	(100)	142	(50)	171
Purchases	57	28	99	28
Settlements	68	167	97	290
Net transfers	185	(144)	135	(22)
Issuances	(208)	(69)	(320)	(52)
Ending balance	(775)	(530)	(775)	(530)
Unrealized gains (losses)	(102)	113	(115)	289
Net derivatives: Commodity and other
Assets at Fair value
Beginning balance	1,599	1,434	1,083	1,529
Realized and unrealized gains (losses)	195	359	604	187
Purchases	1	10	36	10
Settlements	(126)	(384)	(205)	(238)
Net transfers	(246)	(54)	(75)	(118)
Issuances	(7)	(21)	(27)	(26)
Ending balance	1,416	1,344	1,416	1,344
Unrealized gains (losses)	39	219	287	(174)
U.S. Treasury and agency securities
Assets at Fair value
Beginning balance	1	8	17	2
Purchases	0	4	0	4
Sales	(1)	(3)	(17)	(2)
Net transfers	0	0	0	5
Ending balance	0	9	0	9
Unrealized gains (losses)	0	0	0	0
Other sovereign government obligations
Assets at Fair value
Beginning balance	196	188	169	211
Realized and unrealized gains (losses)	3	0	6	0
Purchases	6	20	29	44
Sales	(44)	(45)	(73)	(104)
Net transfers	(33)	(2)	(3)	10
Ending balance	128	161	128	161
Unrealized gains (losses)	0	0	4	0
State and municipal securities
Assets at Fair value
Beginning balance	3	0	145	13
Realized and unrealized gains (losses)	1	0	3	0
Purchases	45	0	50	0
Sales	(100)	0	(130)	0
Net transfers	91	29	(28)	16
Ending balance	40	29	40	29
Unrealized gains (losses)	1	0	3	0
MABS
Assets at Fair value
Beginning balance	454	351	416	344
Realized and unrealized gains (losses)	7	(1)	15	(2)
Purchases	42	45	177	82
Sales	(44)	(62)	(160)	(149)
Net transfers	27	6	38	64
Ending balance	486	339	486	339
Unrealized gains (losses)	7	(2)	14	(2)
Loans and lending commitments
Assets at Fair value
Beginning balance	2,057	3,141	2,017	3,806
Realized and unrealized gains (losses)	(34)	11	(70)	37
Sales	(256)	(382)	(290)	(618)
Settlements	(177)	(660)	(236)	(981)
Net transfers	154	30	55	(414)
Purchases and originations	656	367	924	677
Ending balance	2,400	2,507	2,400	2,507
Unrealized gains (losses)	(57)	6	(86)	21
Corporate and other debt
Assets at Fair value
Beginning balance	2,243	1,753	2,096	1,973
Realized and unrealized gains (losses)	(43)	5	41	15
Sales	(239)	(360)	(401)	(548)
Settlements	0	(16)	0	(130)
Net transfers	128	464	157	208
Purchases and originations	134	267	330	595
Ending balance	2,223	2,113	2,223	2,113
Unrealized gains (losses)	(31)	7	77	11
Corporate equities
Assets at Fair value
Beginning balance	144	239	116	115
Realized and unrealized gains (losses)	(24)	0	(24)	(1)
Purchases	18	51	35	78
Sales	(22)	(87)	(30)	(72)
Net transfers	50	43	69	126
Ending balance	166	246	166	246
Unrealized gains (losses)	(21)	0	(17)	0
Investments
Assets at Fair value
Beginning balance	955	1,120	923	1,125
Realized and unrealized gains (losses)	(11)	(111)	8	(135)
Purchases	100	27	147	46
Sales	(84)	(11)	(107)	(14)
Net transfers	8	2	(3)	5
Ending balance	968	1,027	968	1,027
Unrealized gains (losses)	(16)	(106)	(2)	(131)
Investment securities—AFS
Assets at Fair value
Beginning balance	0	0	35	0
Realized and unrealized gains (losses)	0	(2)	1	(2)
Net transfers	0	40	(36)	40
Ending balance	0	38	0	38
Unrealized gains (losses)	$ 0	$ (2)	$ 0	$ (2)

Fair Values - Valuation Techniq

Fair Values - Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements (Details) $ in Millions	Jun. 30, 2023 USD ($) $ / MWh	Dec. 31, 2022 USD ($) $ / MWh
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 42,904	$ 44,212
Securities sold under agreements to repurchase	1,129	864
Other secured financings	8,294	8,158
Borrowings	87,825	78,720
Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings	87,825	78,720
Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	8,464	8,397
Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	9,624	10,803
Level 3 | Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities	166	116
Investments	968	923
Derivative assets	3,683	4,154
Securities sold under agreements to repurchase	454	512
Other secured financings	90	91
Borrowings	$ 1,787	$ 1,587
Level 3 | Recurring | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities, measurement input value	1	1
Level 3 | Recurring | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	21
Level 3 | Recurring | Other sovereign government obligations
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	$ 128	$ 169
Level 3 | Recurring | State and municipal securities
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	40	145
Level 3 | Recurring | MABS
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	486	416
Level 3 | Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	2,400	2,017
Level 3 | Recurring | Corporate and other debt
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	2,223	2,096
Level 3 | Recurring | Interest rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	49	(151)
Level 3 | Recurring | Credit
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 96	$ 110
Level 3 | Recurring | Credit | Credit Default Swap Model | Cash-Synthetic Basis
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.07	0.07
Level 3 | Recurring | Foreign exchange
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 28	$ 66
Level 3 | Recurring | Equity
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(775)	(736)
Level 3 | Recurring | Commodity and other
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 1,416	$ 1,083
Level 3 | Recurring | Minimum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0023	0.23
Loans, measurement input value	0.0014	0.36
Level 3 | Recurring | Minimum | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.24	0.24
Level 3 | Recurring | Minimum | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.15	0.15
Level 3 | Recurring | Minimum | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	9	7
Level 3 | Recurring | Minimum | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0081	0.0096
Level 3 | Recurring | Minimum | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value		7
Level 3 | Recurring | Minimum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.11	0.07
Level 3 | Recurring | Minimum | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.47
Level 3 | Recurring | Minimum | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.56
Level 3 | Recurring | Minimum | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.02)	(0.02)
Level 3 | Recurring | Minimum | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.41	0.39
Level 3 | Recurring | Minimum | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.60)	(0.50)
Level 3 | Recurring | Minimum | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.61	0.57
Level 3 | Recurring | Minimum | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.86
Level 3 | Recurring | Minimum | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0	0
Level 3 | Recurring | Minimum | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.89	0.87
Level 3 | Recurring | Minimum | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.02	0.02
Level 3 | Recurring | Minimum | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.51	0.51
Level 3 | Recurring | Minimum | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.54	0.54
Borrowings, measurement input value	0.54	0.54
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.56	1.05
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.56	0.47
Level 3 | Recurring | Minimum | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Minimum | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.22	0.22
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value		0.04
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0010	0.0010
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0018	0.0018
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.03	(0.02)
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.01)	0.10
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.07	0.05
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.02)	(0.04)
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.09	0.10
Level 3 | Recurring | Minimum | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.79)	(0.79)
Level 3 | Recurring | Minimum | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.10	0.10
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	1	1
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.12	0.12
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.57	0.70
Level 3 | Recurring | Maximum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0100	1.01
Loans, measurement input value	0.0095	0.80
Level 3 | Recurring | Maximum | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	1	1
Level 3 | Recurring | Maximum | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.17	0.17
Level 3 | Recurring | Maximum | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	17	17
Level 3 | Recurring | Maximum | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0129	0.0165
Level 3 | Recurring | Maximum | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value		21
Level 3 | Recurring | Maximum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.71	0.86
Level 3 | Recurring | Maximum | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		1.36
Level 3 | Recurring | Maximum | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.92
Level 3 | Recurring | Maximum | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Level 3 | Recurring | Maximum | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.95	0.98
Level 3 | Recurring | Maximum | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.06	0
Level 3 | Recurring | Maximum | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.14	1.24
Level 3 | Recurring | Maximum | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		1
Level 3 | Recurring | Maximum | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.89	0.95
Level 3 | Recurring | Maximum | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.04	1.05
Level 3 | Recurring | Maximum | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.04	0.04
Level 3 | Recurring | Maximum | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.38	1.32
Level 3 | Recurring | Maximum | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.84	0.84
Borrowings, measurement input value	0.84	0.84
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.87	1.30
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.99	1
Level 3 | Recurring | Maximum | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.02
Level 3 | Recurring | Maximum | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.70	0.65
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value		0.05
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0092	0.83
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0453	0.0528
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0590	0.0590
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.07	0.38
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.13	0.10
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.94	0.96
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.97	0.93
Level 3 | Recurring | Maximum | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.65	0.65
Level 3 | Recurring | Maximum | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.30	0.30
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	332	292
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.80	1.69
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1	1
Level 3 | Recurring | Weighted Average | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0078	0.75
Loans, measurement input value	0.0069	0.65
Level 3 | Recurring | Weighted Average | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.86	0.89
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.16	0.16
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	14	14
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0100	0.0131
Level 3 | Recurring | Weighted Average | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value		11
Level 3 | Recurring | Weighted Average | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.22	0.23
Level 3 | Recurring | Weighted Average | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Level 3 | Recurring | Weighted Average | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.77	0.86
Level 3 | Recurring | Weighted Average | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.28)	(0.21)
Level 3 | Recurring | Weighted Average | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.90	0.89
Level 3 | Recurring | Weighted Average | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.97
Level 3 | Recurring | Weighted Average | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.65	0.68
Level 3 | Recurring | Weighted Average | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.98	0.99
Level 3 | Recurring | Weighted Average | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.03	0.03
Level 3 | Recurring | Weighted Average | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.89	0.90
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0048	0.43
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0098	0.0115
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0058	0.0093
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.21	0.25
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.01)	(0.01)
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.67	0.71
Level 3 | Recurring | Weighted Average | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.27)	(0.26)
Level 3 | Recurring | Weighted Average | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.14
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	35	43
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.35	0.34
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.94	0.94
Level 3 | Recurring | Average | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.74
Level 3 | Recurring | Average | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.72
Level 3 | Recurring | Average | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.62	0.62
Borrowings, measurement input value	0.62	0.62
Level 3 | Recurring | Average | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.81	1.13
Level 3 | Recurring | Average | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.82	0.80
Level 3 | Recurring | Average | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Average | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.44	0.43
Level 3 | Recurring | Average | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value		0.05
Level 3 | Recurring | Average | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.05	0.08
Level 3 | Recurring | Average | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.03	0.10
Level 3 | Recurring | Average | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Average | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value		(0.14)
Level 3 | Recurring | Median | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.59
Level 3 | Recurring | Median | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.71
Level 3 | Recurring | Median | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.54	0.54
Borrowings, measurement input value	0.54	0.54
Level 3 | Recurring | Median | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.84	1.09
Level 3 | Recurring | Median | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.86	0.84
Level 3 | Recurring | Median | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Median | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.38	0.38
Level 3 | Recurring | Median | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value		0.05
Level 3 | Recurring | Median | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.04
Level 3 | Recurring | Median | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0.10
Level 3 | Recurring | Median | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	$ 5,177	$ 6,610
Level 3 | Nonrecurring | Minimum | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0097	0.0091
Level 3 | Nonrecurring | Minimum | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0149	0.0110
Level 3 | Nonrecurring | Maximum | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.1236	0.1276
Level 3 | Nonrecurring | Maximum | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0296	0.0319
Level 3 | Nonrecurring | Weighted Average | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0808	0.0776
Level 3 | Nonrecurring | Weighted Average | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0249	0.0245

Fair Values - Fund Interests Me

Fair Values - Fund Interests Measured Based on Net Asset Value (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Measured Based on Net Asset Value
Carrying Value	$ 5,528	$ 5,454
Commitment	827	880
Private equity
Measured Based on Net Asset Value
Carrying Value	2,533	2,622
Commitment	564	638
Real estate
Measured Based on Net Asset Value
Carrying Value	2,797	2,642
Commitment	260	239
Hedge
Measured Based on Net Asset Value
Carrying Value	198	190
Commitment	$ 3	$ 3

Fair Values - Nonredeemable Fun

Fair Values - Nonredeemable Funds by Contractual Maturity (Details) $ in Millions	Jun. 30, 2023 USD ($)
Private equity
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	$ 1,176
5-10 years	1,289
Over 10 years	68
Total	2,533
Real estate
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	996
5-10 years	1,756
Over 10 years	45
Total	$ 2,797

Fair Values - Assets and Liab_2

Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Assets at fair value
Loans	$ 9,624		$ 9,624		$ 10,803
Other assets—Other investments	2		2		7
Other assets—ROU assets	11		11		4
Total	9,637		9,637		10,814
Liabilities
Other liabilities and accrued expenses—Lending commitments	265		265		428
Total	265		265		428
Assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(99)	$ (176)	(131)	$ (235)
Loans
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(87)	(167)	(116)	(221)
Other assets—Other investments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(1)	(4)	(1)	(6)
Other assets - Premises, equipement and software
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(1)	(1)	(4)	(2)
Other assets - ROU assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(10)	(4)	(10)	(6)
Liabilities
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	5	(191)	30	(210)
Other liabilities and accrued expenses—Lending commitments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	5	$ (191)	30	$ (210)
Level 2
Assets at fair value
Loans	4,447		4,447		4,193
Other assets—Other investments	0		0		0
Other assets—ROU assets	11		11		4
Total	4,458		4,458		4,197
Liabilities
Other liabilities and accrued expenses—Lending commitments	194		194		275
Total	194		194		275
Level 3
Assets at fair value
Loans	5,177		5,177		6,610
Other assets—Other investments	2		2		7
Other assets—ROU assets	0		0		0
Total	5,179		5,179		6,617
Liabilities
Other liabilities and accrued expenses—Lending commitments	71		71		153
Total	$ 71		$ 71		$ 153

Fair Values - Financial Instrum

Fair Values - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Financial assets
Securities borrowed	$ 139,126	$ 133,374
Customer and other receivables	75,964	78,540
Loans	200,528	198,997
Financial liabilities
Deposits	348,511	356,646
Securities sold under agreements to repurchase	56,363	62,534
Securities loaned	13,369	15,679
Other secured financings	8,294	8,158
Customer and other payables	216,820	216,134
Borrowings	247,973	238,058
Carrying Value
Financial assets
Cash and cash equivalents	104,994	128,127
Investment securities—HTM	72,225	75,634
Securities purchased under agreements to resell	97,905	113,899
Securities borrowed	139,126	133,374
Customer and other receivables	70,301	73,248
Loans	215,812	213,785
Other assets	704	704
Financial liabilities
Deposits	342,530	351,850
Securities sold under agreements to repurchase	55,234	61,670
Securities loaned	13,369	15,679
Other secured financings	2,756	3,608
Customer and other payables	216,761	216,018
Borrowings	160,148	159,338
Additional Disclosures
Lending commitments	145,143	136,241
Fair Value
Financial assets
Cash and cash equivalents	104,994	128,127
Investment securities—HTM	61,962	65,006
Securities purchased under agreements to resell	97,867	113,869
Securities borrowed	139,126	133,370
Customer and other receivables	69,997	72,932
Loans	208,187	205,714
Other assets	704	704
Financial liabilities
Deposits	342,206	351,721
Securities sold under agreements to repurchase	55,191	61,620
Securities loaned	13,365	15,673
Other secured financings	2,756	3,608
Customer and other payables	216,761	216,018
Borrowings	160,349	157,784
Additional Disclosures
Lending commitments	2,563	2,866
Fair Value | Level 1
Financial assets
Cash and cash equivalents	104,994	128,127
Investment securities—HTM	25,127	26,754
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Loans	0	0
Other assets	0	0
Financial liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Borrowings	0	0
Additional Disclosures
Lending commitments	0	0
Fair Value | Level 2
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	35,806	37,218
Securities purchased under agreements to resell	95,212	111,188
Securities borrowed	139,126	133,370
Customer and other receivables	66,104	69,268
Loans	27,491	24,153
Other assets	704	704
Financial liabilities
Deposits	342,206	351,721
Securities sold under agreements to repurchase	55,191	61,620
Securities loaned	13,365	15,673
Other secured financings	2,756	3,608
Customer and other payables	216,761	216,018
Borrowings	160,345	157,780
Additional Disclosures
Lending commitments	1,724	1,789
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	1,029	1,034
Securities purchased under agreements to resell	2,655	2,681
Securities borrowed	0	0
Customer and other receivables	3,893	3,664
Loans	180,696	181,561
Other assets	0	0
Financial liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Borrowings	4	4
Additional Disclosures
Lending commitments	$ 839	$ 1,077

Fair Value Option - Borrowings

Fair Value Option - Borrowings Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurements
Borrowings at fair value	$ 87,825	$ 78,720
Recurring
Fair Value Measurements
Borrowings at fair value	87,825	78,720
Recurring | Equity
Fair Value Measurements
Borrowings at fair value	44,901	38,945
Recurring | Interest rates
Fair Value Measurements
Borrowings at fair value	28,097	26,077
Recurring | Commodities
Fair Value Measurements
Borrowings at fair value	11,274	10,717
Recurring | Credit
Fair Value Measurements
Borrowings at fair value	2,048	1,564
Recurring | Foreign exchange
Fair Value Measurements
Borrowings at fair value	$ 1,505	$ 1,417

Fair Value Option - Net Revenue

Fair Value Option - Net Revenues from Borrowings under the Fair Value Option (Details) - Borrowings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Fair Value Option Quantitative Disclosures
Net revenues	$ (632)	$ 7,608	$ (5,118)	$ 12,191
Trading revenues
Fair Value Option Quantitative Disclosures
Net revenues	(513)	7,672	(4,891)	12,327
Interest expense
Fair Value Option Quantitative Disclosures
Net revenues	$ 119	$ 64	$ 227	$ 136

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Due to Changes in Instrument-Specific Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value disclosure
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$ (1,182)		$ (1,182)		$ (457)
Loans and other receivables | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(61)	$ (15)	(104)	$ 9
Loans and other receivables | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Lending commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	(1)	11	(1)
Lending commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Deposits | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Deposits | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(76)	21	17	14
Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(3)	1	(9)	1
Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	$ (625)	$ 1,499	$ (742)	$ 2,377

Fair Value Option - Difference

Fair Value Option - Difference Between Contractual Principal and Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Loans and other receivables	$ 11,267	$ 11,916
Nonaccrual loans	8,487	9,128
Borrowings	$ 4,291	$ 5,203

Fair Value Option - Fair Value

Fair Value Option - Fair Value Loans on Nonaccrual Status (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Nonaccrual loans	$ 433	$ 585
Nonaccrual loans 90 or more days past due	$ 61	$ 116

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Values of Derivative Contracts (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative Assets
Total gross derivatives	$ 377,964	$ 369,506
Counterparty netting	(297,171)	(279,235)
Cash collateral netting	(37,889)	(46,059)
Total in Trading assets	42,904	44,212
Financial instruments collateral	(20,365)	(19,406)
Net amounts	22,539	24,806
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	4,021	4,318
Derivative Liabilities
Total gross derivatives	372,891	364,759
Amounts offset against counterparty netting	(297,171)	(279,235)
Amounts offset against cash collateral netting	(44,957)	(47,389)
Total in Trading liabilities	30,763	38,135
Amounts not offset against financial instruments collateral	(3,215)	(3,684)
Net amounts	27,548	34,451
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	4,911	6,430
Designated as accounting hedges
Derivative Assets
Total gross derivatives	263	122
Derivative Liabilities
Total gross derivatives	566	1,112
Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	31	63
Derivative Liabilities
Total gross derivatives	425	461
Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	232	59
Derivative Liabilities
Total gross derivatives	141	651
Not designated as accounting hedges
Derivative Assets
Total gross derivatives	377,701	369,384
Derivative Liabilities
Total gross derivatives	372,325	363,647
Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	57	61
Derivative Liabilities
Total gross derivatives	581	377
Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	202,324	171,327
Derivative Liabilities
Total gross derivatives	195,144	164,697
Other derivatives | Credit
Derivative Assets
Total gross derivatives	10,056	8,240
Derivative Liabilities
Total gross derivatives	9,850	7,925
Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	93,506	115,939
Derivative Liabilities
Total gross derivatives	88,450	112,938
Other derivatives | Equity
Derivative Assets
Total gross derivatives	53,454	43,355
Derivative Liabilities
Total gross derivatives	61,637	51,331
Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	18,304	30,462
Derivative Liabilities
Total gross derivatives	16,663	26,379
Bilateral OTC
Derivative Assets
Total gross derivatives	268,824	301,601
Counterparty netting	(192,033)	(214,773)
Cash collateral netting	(36,648)	(44,711)
Total in Trading assets	40,143	42,117
Financial instruments collateral	(20,365)	(19,406)
Net amounts	19,778	22,711
Derivative Liabilities
Total gross derivatives	263,782	295,303
Amounts offset against counterparty netting	(192,033)	(214,773)
Amounts offset against cash collateral netting	(42,666)	(45,884)
Total in Trading liabilities	29,083	34,646
Amounts not offset against financial instruments collateral	(3,181)	(2,545)
Net amounts	25,902	32,101
Bilateral OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	220	77
Derivative Liabilities
Total gross derivatives	526	1,007
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	31	62
Derivative Liabilities
Total gross derivatives	425	457
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	189	15
Derivative Liabilities
Total gross derivatives	101	550
Bilateral OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	268,604	301,524
Derivative Liabilities
Total gross derivatives	263,256	294,296
Bilateral OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	2	2
Derivative Liabilities
Total gross derivatives	19	9
Bilateral OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	135,418	141,291
Derivative Liabilities
Total gross derivatives	128,890	135,661
Bilateral OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	6,792	5,888
Derivative Liabilities
Total gross derivatives	6,593	5,535
Bilateral OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	90,937	113,540
Derivative Liabilities
Total gross derivatives	85,470	110,322
Bilateral OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	20,461	16,505
Derivative Liabilities
Total gross derivatives	29,578	23,138
Bilateral OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	14,994	24,298
Derivative Liabilities
Total gross derivatives	12,706	19,631
Cleared OTC
Derivative Assets
Total gross derivatives	71,544	33,800
Counterparty netting	(69,786)	(32,250)
Cash collateral netting	(1,241)	(1,348)
Total in Trading assets	517	202
Financial instruments collateral	0	0
Net amounts	517	202
Derivative Liabilities
Total gross derivatives	72,146	33,956
Amounts offset against counterparty netting	(69,786)	(32,250)
Amounts offset against cash collateral netting	(2,291)	(1,505)
Total in Trading liabilities	69	201
Amounts not offset against financial instruments collateral	(20)	0
Net amounts	49	201
Cleared OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	43	45
Derivative Liabilities
Total gross derivatives	40	105
Cleared OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	0	1
Derivative Liabilities
Total gross derivatives	0	4
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	43	44
Derivative Liabilities
Total gross derivatives	40	101
Cleared OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	71,501	33,755
Derivative Liabilities
Total gross derivatives	72,106	33,851
Cleared OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	55	59
Derivative Liabilities
Total gross derivatives	562	368
Cleared OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	65,667	29,007
Derivative Liabilities
Total gross derivatives	65,366	28,581
Cleared OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	3,264	2,352
Derivative Liabilities
Total gross derivatives	3,257	2,390
Cleared OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	2,515	2,337
Derivative Liabilities
Total gross derivatives	2,921	2,512
Cleared OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Cleared OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded
Derivative Assets
Total gross derivatives	37,596	34,105
Counterparty netting	(35,352)	(32,212)
Cash collateral netting	0	0
Total in Trading assets	2,244	1,893
Financial instruments collateral	0	0
Net amounts	2,244	1,893
Derivative Liabilities
Total gross derivatives	36,963	35,500
Amounts offset against counterparty netting	(35,352)	(32,212)
Amounts offset against cash collateral netting	0	0
Total in Trading liabilities	1,611	3,288
Amounts not offset against financial instruments collateral	(14)	(1,139)
Net amounts	1,597	2,149
Exchange- Traded | Designated as accounting hedges
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	37,596	34,105
Derivative Liabilities
Total gross derivatives	36,963	35,500
Exchange- Traded | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	1,239	1,029
Derivative Liabilities
Total gross derivatives	888	455
Exchange- Traded | Other derivatives | Credit
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	54	62
Derivative Liabilities
Total gross derivatives	59	104
Exchange- Traded | Other derivatives | Equity
Derivative Assets
Total gross derivatives	32,993	26,850
Derivative Liabilities
Total gross derivatives	32,059	28,193
Exchange- Traded | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	3,310	6,164
Derivative Liabilities
Total gross derivatives	$ 3,957	$ 6,748

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notionals of Derivative Contracts (Details) - USD ($) $ in Billions	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Notional Amount
Derivative assets	$ 19,433	$ 16,682
Derivative liabilities	19,236	17,131
Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	125	68
Derivative liabilities	229	204
Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	113	64
Derivative liabilities	222	190
Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	12	4
Derivative liabilities	7	14
Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	19,308	16,614
Derivative liabilities	19,007	16,927
Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	1	3
Derivative liabilities	20	15
Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	13,896	11,627
Derivative liabilities	13,431	11,694
Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	333	320
Derivative liabilities	335	324
Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,924	3,618
Derivative liabilities	3,880	3,674
Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	948	846
Derivative liabilities	1,159	1,040
Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	206	200
Derivative liabilities	182	180
Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,580	7,704
Derivative liabilities	8,598	7,755
Bilateral OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	10	4
Derivative liabilities	7	15
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	0	2
Derivative liabilities	2	3
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	10	2
Derivative liabilities	5	12
Bilateral OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,570	7,700
Derivative liabilities	8,591	7,740
Bilateral OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	1	0
Bilateral OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	3,996	3,404
Derivative liabilities	4,000	3,436
Bilateral OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	202	190
Derivative liabilities	208	199
Bilateral OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,709	3,477
Derivative liabilities	3,697	3,516
Bilateral OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	526	488
Derivative liabilities	585	488
Bilateral OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	137	141
Derivative liabilities	100	101
Cleared OTC
Derivatives, Notional Amount
Derivative assets	9,714	7,932
Derivative liabilities	9,575	8,213
Cleared OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	115	64
Derivative liabilities	222	189
Cleared OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	113	62
Derivative liabilities	220	187
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	2	2
Derivative liabilities	2	2
Cleared OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	9,599	7,868
Derivative liabilities	9,353	8,024
Cleared OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	1	3
Derivative liabilities	19	15
Cleared OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	9,262	7,609
Derivative liabilities	9,048	7,761
Cleared OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	131	130
Derivative liabilities	127	125
Cleared OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	205	126
Derivative liabilities	159	123
Cleared OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Cleared OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded
Derivatives, Notional Amount
Derivative assets	1,139	1,046
Derivative liabilities	1,063	1,163
Exchange- Traded | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	1,139	1,046
Derivative liabilities	1,063	1,163
Exchange- Traded | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	638	614
Derivative liabilities	383	497
Exchange- Traded | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	10	15
Derivative liabilities	24	35
Exchange- Traded | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	422	358
Derivative liabilities	574	552
Exchange- Traded | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	69	59
Derivative liabilities	$ 82	$ 79

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Gains (Losses) on Accounting Hedges and Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Cash flow hedges - Interest rate contracts
Recognized in OCI	$ (25)	$ 0	$ (18)	$ 0
Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income	(2)	0	(3)	0
Net change in cash flow hedges included within AOCI	(23)	0	(15)	0
Cash flow hedges expected to be reclassified from AOCI			$ (14)
Maximum length of time over which forecasted cash flows are hedged			2 years
Investment securities—AFS
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	33,301		$ 33,301		$ 34,073
Basis adjustments included in carrying amount	(1,629)		(1,629)		(1,628)
Deposits
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	8,333		8,333		3,735
Basis adjustments included in carrying amount	(103)		(103)		(119)
Borrowings
Borrowings
Carrying amount currently or previously hedged	146,393		146,393		146,025
Basis adjustments included in carrying amount—Outstanding hedges	(12,844)		(12,844)		(12,748)
Basis adjustments included in carrying amount—Terminated hedges	(682)		(682)		$ (715)
Fair Value Hedges | Interest Income | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	569	396	198	1,191
Fair Value Hedges | Interest Income | Investment securities—AFS
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(565)	(373)	(184)	(1,124)
Fair Value Hedges | Interest expense | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(2,349)	(4,017)	(64)	(10,250)
Fair Value Hedges | Interest expense | Deposits
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	38	30	(16)	118
Fair Value Hedges | Interest expense | Borrowings
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	2,316	3,972	75	10,127
Net Investment Hedges | Foreign exchange
Net investment hedges—Foreign exchange contracts
Recognized in OCI	95	635	6	774
Forward points excluded from hedge effectiveness testing—Recognized in Interest income	$ 63	$ (36)	$ 106	$ (77)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Economic Loan Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Credit | Economic hedges of loans
Derivative [Line Items]
Gain (loss) on derivative recognized in other revenues	$ (84)	$ 153	$ (226)	$ 204

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Net Derivative Liabilities and Collateral Posted (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative liabilities with credit risk-related contingent features	$ 18,097	$ 20,287
Collateral posted	$ 12,244	$ 12,268

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade (Details) $ in Millions	Jun. 30, 2023 USD ($)
Bilateral Downgrade Agreement
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 749
One-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	504
Two-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 350

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities - Maximum Potential Payout/Notional of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Billions	Jun. 30, 2023	Dec. 31, 2022
Credit Derivatives
Maximum potential payout/notional	$ 331	$ 323
CDS
Credit Derivatives
Maximum potential payout/notional	328	323
CDS protection sold with identical protection purchased	276	262
Single-name CDS
Credit Derivatives
Maximum potential payout/notional	138	115
Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	94	79
Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	44	36
Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	190	208
Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	23	56
Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	167	152
Other credit contracts
Credit Derivatives
Maximum potential payout/notional	3	0
Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	37	28
Less Than 1 (Year) | CDS
Credit Derivatives
Maximum potential payout/notional	37	28
Less Than 1 (Year) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	23	17
Less Than 1 (Year) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	16	12
Less Than 1 (Year) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	7	5
Less Than 1 (Year) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	14	11
Less Than 1 (Year) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	3	3
Less Than 1 (Year) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	11	8
Less Than 1 (Year) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	75	72
1 - 3 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	75	72
1 - 3 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	46	42
1 - 3 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	31	29
1 - 3 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	15	13
1 - 3 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	29	30
1 - 3 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	9	13
1 - 3 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	20	17
1 - 3 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	181	190
3 - 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	181	190
3 - 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	56	45
3 - 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	37	29
3 - 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	19	16
3 - 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	125	145
3 - 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	11	37
3 - 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	114	108
3 - 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	38	33
Over 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	35	33
Over 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	13	11
Over 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	10	9
Over 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	3	2
Over 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	22	22
Over 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	0	3
Over 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	22	19
Over 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	$ 3	$ 0

Derivative Instruments and H_10

Derivative Instruments and Hedging Activities - Fair Value Asset/(Liability) of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Credit Derivatives
Fair Value Asset (Liability)	$ 201	$ (1,000)
CDS
Credit Derivatives
Fair Value Asset (Liability)	23	(999)
Single-name CDS
Credit Derivatives
Fair Value Asset (Liability)	670	(46)
Single-name CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,446	762
Single-name CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(776)	(808)
Index and basket CDS
Credit Derivatives
Fair Value Asset (Liability)	(647)	(953)
Index and basket CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,008	859
Index and basket CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(1,655)	(1,812)
Other credit contracts
Credit Derivatives
Fair Value Asset (Liability)	$ 178	$ (1)

Derivative Instruments and H_11

Derivative Instruments and Hedging Activities - Protection Purchased with CDS (Details) - Protection Purchased - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Credit Derivatives
Notional	$ 361,000	$ 339,000
CDS
Credit Derivatives
Fair Value Asset (Liability)	(491)	998
Single name
Credit Derivatives
Notional	166,000	140,000
Fair Value Asset (Liability)	(1,011)	(33)
Index and basket
Credit Derivatives
Notional	163,000	173,000
Fair Value Asset (Liability)	1,171	1,248
Tranched index and basket
Credit Derivatives
Notional	32,000	26,000
Fair Value Asset (Liability)	$ (651)	$ (217)

Investment Securities - AFS and

Investment Securities - AFS and HTM Securities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
AFS securities
Amortized cost	$ 84,401	$ 89,772
Gross Unrealized Gains	80	89
Gross Unrealized Losses	4,914	5,564
Fair Value	79,567	84,297
HTM securities
Amortized Cost	72,225	75,634
Gross Unrealized Gains	0	0
Gross Unrealized Losses	10,263	10,628
Fair Value	61,962	65,006
Amortized cost	156,626	165,406
Gross Unrealized Gains	80	89
Gross Unrealized Losses	15,177	16,192
Fair Value	141,529	149,303
U.S. Treasury securities
AFS securities
Amortized cost	49,615	56,103
Gross Unrealized Gains	34	17
Gross Unrealized Losses	1,676	2,254
Fair Value	47,973	53,866
HTM securities
Amortized Cost	26,845	28,599
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,718	1,845
Fair Value	25,127	26,754
U.S. agency securities
AFS securities
Amortized cost	26,778	23,926
Gross Unrealized Gains	1	1
Gross Unrealized Losses	2,733	2,753
Fair Value	24,046	21,174
HTM securities
Amortized Cost	42,494	44,038
Gross Unrealized Gains	0	0
Gross Unrealized Losses	8,225	8,487
Fair Value	34,269	35,551
Agency CMBS
AFS securities
Amortized cost	5,859	5,998
Gross Unrealized Gains	2	0
Gross Unrealized Losses	467	470
Fair Value	5,394	5,528
HTM securities
Amortized Cost	1,692	1,819
Gross Unrealized Gains	0	0
Gross Unrealized Losses	155	152
Fair Value	1,537	1,667
State and municipal securities
AFS securities
Amortized cost	1,099	2,598
Gross Unrealized Gains	43	71
Gross Unrealized Losses	9	42
Fair Value	1,133	2,627
FFELP student loan ABS:
AFS securities
Amortized cost	1,050	1,147
Gross Unrealized Gains	0	0
Gross Unrealized Losses	29	45
Fair Value	$ 1,021	$ 1,102
HTM securities
Third party guarantees (as a percent)	95%	95%
Non-agency CMBS
HTM securities
Amortized Cost	$ 1,194	$ 1,178
Gross Unrealized Gains	0	0
Gross Unrealized Losses	165	144
Fair Value	$ 1,029	$ 1,034

Investment Securities - AFS Sec

Investment Securities - AFS Securities in an Unrealized Loss Position (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
AFS securities
AFS: Fair value, less than 12 months	$ 30,279	$ 63,882
AFS: Fair value, 12 months or longer	40,603	19,240
AFS: Fair value, total	70,882	83,122
AFS: Gross unrealized losses, less than 12 months	1,257	3,493
AFS: Gross unrealized losses, 12 months or longer	3,657	2,071
AFS: Gross unrealized losses, total	4,914	5,564
U.S. Treasury securities
AFS securities
AFS: Fair value, less than 12 months	18,829	42,144
AFS: Fair value, 12 months or longer	21,602	11,454
AFS: Fair value, total	40,431	53,598
AFS: Gross unrealized losses, less than 12 months	927	1,711
AFS: Gross unrealized losses, 12 months or longer	749	543
AFS: Gross unrealized losses, total	1,676	2,254
U.S. agency securities
AFS securities
AFS: Fair value, less than 12 months	6,961	13,662
AFS: Fair value, 12 months or longer	16,638	7,060
AFS: Fair value, total	23,599	20,722
AFS: Gross unrealized losses, less than 12 months	99	1,271
AFS: Gross unrealized losses, 12 months or longer	2,634	1,482
AFS: Gross unrealized losses, total	2,733	2,753
Agency CMBS
AFS securities
AFS: Fair value, less than 12 months	4,207	5,343
AFS: Fair value, 12 months or longer	1,111	185
AFS: Fair value, total	5,318	5,528
AFS: Gross unrealized losses, less than 12 months	227	448
AFS: Gross unrealized losses, 12 months or longer	240	22
AFS: Gross unrealized losses, total	467	470
State and municipal securities
AFS securities
AFS: Fair value, less than 12 months	120	2,106
AFS: Fair value, 12 months or longer	393	65
AFS: Fair value, total	513	2,171
AFS: Gross unrealized losses, less than 12 months	0	40
AFS: Gross unrealized losses, 12 months or longer	9	2
AFS: Gross unrealized losses, total	9	42
FFELP student loan ABS:
AFS securities
AFS: Fair value, less than 12 months	162	627
AFS: Fair value, 12 months or longer	859	476
AFS: Fair value, total	1,021	1,103
AFS: Gross unrealized losses, less than 12 months	4	23
AFS: Gross unrealized losses, 12 months or longer	25	22
AFS: Gross unrealized losses, total	$ 29	$ 45

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Non-agency CMBS
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit loss related to held-to-maturity securities	$ 39	$ 34

Investment Securities - Investm

Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
AFS securities: Amortized cost, total	$ 84,401	$ 89,772
HTM securities: Net carrying amount, total	72,225
Investment securities: amortized cost, total	156,626	165,406
Fair Value
AFS securities: Fair value, total	79,567	84,297
HTM securities: Fair value, total	61,962	65,006
Investment securities: fair value, total	$ 141,529	149,303
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.10%
HTM securities: Annualized average yield, total (as a percent)	1.90%
Investment securities: Annualized average yield, total (as a percent)	2%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedges, due within 1 year (as a percent)	1.10%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedge (as a percent)	2.90%
U.S. Treasury securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 15,210
AFS securities: Amortized cost, after 1 year through 5 years	33,721
AFS securities: Amortized cost, after 5 years through 10 years	684
AFS securities: Amortized cost, total	49,615	56,103
HTM securities: Net carrying amount, due within 1 year	7,806
HTM securities: Net carrying amount, after 1 year through 5 years	13,615
HTM securities: Net carrying amount, after 5 year through 10 years	3,865
HTM securities: Net carrying amount, after 10 years	1,559
HTM securities: Net carrying amount, total	26,845
Fair Value
AFS securities: Fair value, due within 1 year	14,891
AFS securities: Fair value, after 1 year through 5 years	32,397
AFS securities: Fair value, after 5 years through 10 years	685
AFS securities: Fair value, total	47,973	53,866
HTM securities: Fair value, due within 1 year	7,650
HTM securities: Fair value, after 1 year through 5 years	12,764
HTM securities: Fair value, after 5 years through 10 years	3,533
HTM securities: Fair value, after 10 years	1,180
HTM securities: Fair value, total	$ 25,127	26,754
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	1.10%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.40%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.70%
HTM securities: Annualized average yield, due within 1 year (as a percent)	1.90%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.80%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.40%
HTM securities: Annualized average yield, after 10 year (as a percent)	2.30%
U.S. agency securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 23
AFS securities: Amortized cost, after 1 year through 5 years	479
AFS securities: Amortized cost, after 5 years through 10 years	613
AFS securities: Amortized cost, after 10 years	25,663
AFS securities: Amortized cost, total	26,778	23,926
HTM securities: Net carrying amount, after 1 year through 5 years	7
HTM securities: Net carrying amount, after 5 year through 10 years	331
HTM securities: Net carrying amount, after 10 years	42,156
HTM securities: Net carrying amount, total	42,494
Fair Value
AFS securities: Fair value, due within 1 year	22
AFS securities: Fair value, after 1 year through 5 years	443
AFS securities: Fair value, after 5 years through 10 years	555
AFS securities: Fair value, after 10 years	23,026
AFS securities: Fair value, total	24,046	21,174
HTM securities: Fair value, after 1 year through 5 years	7
HTM securities: Fair value, after 5 years through 10 years	302
HTM securities: Fair value, after 10 years	33,960
HTM securities: Fair value, total	$ 34,269	35,551
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	(0.30%)
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.50%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	3.40%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.80%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.10%
HTM securities: Annualized average yield, after 10 year (as a percent)	1.80%
Agency CMBS
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 1,898
AFS securities: Amortized cost, after 5 years through 10 years	2,725
AFS securities: Amortized cost, after 10 years	1,236
AFS securities: Amortized cost, total	5,859	5,998
HTM securities: Net carrying amount, due within 1 year	329
HTM securities: Net carrying amount, after 1 year through 5 years	1,114
HTM securities: Net carrying amount, after 5 year through 10 years	119
HTM securities: Net carrying amount, after 10 years	130
HTM securities: Net carrying amount, total	1,692
Fair Value
AFS securities: Fair value, after 1 year through 5 years	1,810
AFS securities: Fair value, after 5 years through 10 years	2,579
AFS securities: Fair value, after 10 years	1,005
AFS securities: Fair value, total	5,394	5,528
HTM securities: Fair value, due within 1 year	326
HTM securities: Fair value, after 1 year through 5 years	1,011
HTM securities: Fair value, after 5 years through 10 years	98
HTM securities: Fair value, after 10 years	102
HTM securities: Fair value, total	$ 1,537	1,667
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.10%
AFS securities: Annualized average yield, after 10 years (as a percent)	1.30%
HTM securities: Annualized average yield, due within 1 year (as a percent)	1%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.40%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.40%
HTM securities: Annualized average yield, after 10 year (as a percent)	1.60%
State and municipal securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 3
AFS securities: Amortized cost, after 1 year through 5 years	24
AFS securities: Amortized cost, after 5 years through 10 years	19
AFS securities: Amortized cost, after 10 years	1,053
AFS securities: Amortized cost, total	1,099	2,598
Fair Value
AFS securities: Fair value, due within 1 year	3
AFS securities: Fair value, after 1 year through 5 years	24
AFS securities: Fair value, after 5 years through 10 years	21
AFS securities: Fair value, after 10 years	1,085
AFS securities: Fair value, total	$ 1,133	2,627
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	5%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	2.40%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	4.30%
AFS securities: Annualized average yield, after 10 years (as a percent)	3.90%
FFELP student loan ABS:
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 106
AFS securities: Amortized cost, after 5 years through 10 years	109
AFS securities: Amortized cost, after 10 years	835
AFS securities: Amortized cost, total	1,050	1,147
Fair Value
AFS securities: Fair value, after 1 year through 5 years	102
AFS securities: Fair value, after 5 years through 10 years	105
AFS securities: Fair value, after 10 years	814
AFS securities: Fair value, total	$ 1,021	1,102
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	5.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	5.70%
AFS securities: Annualized average yield, after 10 years (as a percent)	6.10%
Non-agency CMBS
Amortized Cost
HTM securities: Net carrying amount, due within 1 year	$ 192
HTM securities: Net carrying amount, after 1 year through 5 years	282
HTM securities: Net carrying amount, after 5 year through 10 years	686
HTM securities: Net carrying amount, after 10 years	34
HTM securities: Net carrying amount, total	1,194
Fair Value
HTM securities: Fair value, due within 1 year	185
HTM securities: Fair value, after 1 year through 5 years	253
HTM securities: Fair value, after 5 years through 10 years	561
HTM securities: Fair value, after 10 years	30
HTM securities: Fair value, total	$ 1,029	$ 1,034
Annualized Average Yield
HTM securities: Annualized average yield, due within 1 year (as a percent)	4%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	4.30%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.70%
HTM securities: Annualized average yield, after 10 year (as a percent)	3.60%

Investment Securities - Gross R

Investment Securities - Gross Realized Gains (Losses) on Sales of AFS Securities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AFS securities
Gross realized gains	$ 7	$ 24	$ 51	$ 150
Gross realized (losses)	(17)	(6)	(20)	(88)
Total	$ (10)	$ 18	$ 31	$ 62

Collateralized Transactions - O

Collateralized Transactions - Offsetting of Certain Collateralized Transactions (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Securities purchased under agreements to resell
Gross Amounts	$ 209,804	$ 240,355
Amounts Offset	(111,890)	(126,448)
Balance Sheet Net Amounts	97,914	113,907
Amounts not offset	(94,398)	(109,902)
Net Amounts	3,516	4,005
Securities borrowed
Gross Amounts	156,774	145,340
Amounts Offset	(17,648)	(11,966)
Balance Sheet Net Amounts	139,126	133,374
Amounts not offset	(135,147)	(128,073)
Net Amounts	3,979	5,301
Securities sold under agreements to repurchase
Gross Amounts	168,253	188,982
Amounts Offset	(111,890)	(126,448)
Balance Sheet Net Amounts	56,363	62,534
Amounts not offset	(52,023)	(57,395)
Net Amounts	4,340	5,139
Securities loaned
Gross Amounts	31,017	27,645
Amounts Offset	(17,648)	(11,966)
Balance Sheet Net Amounts	13,369	15,679
Amounts not offset	(13,261)	(15,199)
Net Amounts	108	480
Net amounts for which master netting agreements are not in place or may not be legally enforceable
Securities purchased under agreements to resell	2,837	1,696
Securities borrowed	768	624
Securities sold under agreements to repurchase	3,027	3,861
Securities loaned	$ 102	$ 250

Collateralized Transactions - G

Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Gross Secured Financing Balances
Securities sold under agreements to repurchase	$ 168,253	$ 188,982
Securities loaned	31,017	27,645
Total included in the offsetting disclosure	199,270	216,627
Trading liabilities— Obligation to return securities received as collateral	19,333	22,880
Total	218,603	239,507
U.S. Treasury and agency securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	47,604	57,761
Other sovereign government obligations
Gross Secured Financing Balances
Securities sold under agreements to repurchase	87,987	98,839
Securities loaned	916	862
Corporate equities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	19,371	19,340
Securities loaned	29,461	26,289
Trading liabilities— Obligation to return securities received as collateral	19,287	22,833
Other
Gross Secured Financing Balances
Securities sold under agreements to repurchase	13,291	13,042
Securities loaned	640	494
Trading liabilities— Obligation to return securities received as collateral	46	47
Overnight and Open
Gross Secured Financing Balances
Securities sold under agreements to repurchase	63,534	54,551
Securities loaned	18,844	15,150
Total included in the offsetting disclosure	82,378	69,701
Trading liabilities— Obligation to return securities received as collateral	19,333	22,880
Total	101,711	92,581
Less than 30 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	51,535	77,359
Securities loaned	39	882
Total included in the offsetting disclosure	51,574	78,241
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	51,574	78,241
30-90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	17,417	20,586
Securities loaned	932	1,984
Total included in the offsetting disclosure	18,349	22,570
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	18,349	22,570
Over 90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	35,767	36,486
Securities loaned	11,202	9,629
Total included in the offsetting disclosure	46,969	46,115
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	$ 46,969	$ 46,115

Collateralized Transactions - A

Collateralized Transactions - Assets Loaned or Pledged (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]
Trading assets	$ 30,663	$ 34,524

Collateralized Transactions - C

Collateralized Transactions - Collateral Received (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Collateral received with right to sell or repledge	$ 674,314	$ 637,941
Collateral that was sold or repledged	$ 515,526	$ 486,820

Collateralized Transactions - S

Collateralized Transactions - Securities Segregated for Regulatory Purposes (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Segregated securities	$ 22,938	$ 32,254

Collateralized Transactions -_2

Collateralized Transactions - Customer Margin Lending (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Margin and other lending	$ 41,975	$ 38,524

Loans, Lending Commitments an_3

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Type (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
HFI Loans
Total loans	$ 201,609	$ 199,836
ACL	1,081	839	$ 762	$ 654
Total loans, net	200,528	198,997
HFS Loans
Total loans	15,284	14,788
Total loans, net	15,284	14,788
Total Loans
Total loans	216,893	214,624
ACL	1,081	839	762	654
Total loans, net	215,812	213,785
Loans to non-U.S. borrowers, net	25,839	23,651
Corporate
HFI Loans
Total loans	6,835	6,589
ACL	257	235	212	165
HFS Loans
Total loans	11,226	10,634
Total Loans
Total loans	18,061	17,223
ACL	257	235	212	165
Secured lending facilities
HFI Loans
Total loans	37,795	35,606
ACL	156	153	167	163
HFS Loans
Total loans	3,597	3,176
Total Loans
Total loans	41,392	38,782
ACL	156	153	167	163
Commercial real estate
HFI Loans
Total loans	8,674	8,515
ACL	385	275	229	206
HFS Loans
Total loans	436	926
Total Loans
Total loans	9,110	9,441
ACL	385	275	229	206
Residential real estate
HFI Loans
Total loans	57,215	54,460
ACL	112	87	84	60
HFS Loans
Total loans	24	4
Total Loans
Total loans	57,239	54,464
ACL	112	87	84	60
Securities-based lending and Other loans
HFI Loans
Total loans	91,090	94,666
ACL	171	89	70	60
HFS Loans
Total loans	1	48
Total Loans
Total loans	91,091	94,714
ACL	$ 171	$ 89	$ 70	$ 60

Loans, Lending Commitments an_4

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Interest Rate Type (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	$ 49,920	$ 49,184
Floating or Adjustable Rate	166,973	165,440
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	18,061	17,223
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	41,392	38,782
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	200	204
Floating or Adjustable Rate	8,910	9,237
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	26,942	24,903
Floating or Adjustable Rate	30,297	29,561
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	22,778	24,077
Floating or Adjustable Rate	$ 68,313	$ 70,637

Loans, Lending Commitments an_5

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans Held for Investment before Allowance by Origination Year (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 201,609	$ 199,836
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	6,329	6,010
Current Fiscal Year	8	113
One Year Ago	169	139
Two Years Ago	118	58
Three Years Ago	59	154
Four Years Ago	152
Prior	0	115
Total	6,835	6,589
Corporate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	2,621	2,554
Current Fiscal Year	8	6
One Year Ago	0	0
Two Years Ago	15	0
Three Years Ago	0	0
Four Years Ago	0
Prior	0	115
Total	2,644	2,675
Corporate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	3,708	3,456
Current Fiscal Year	0	107
One Year Ago	169	139
Two Years Ago	103	58
Three Years Ago	59	154
Four Years Ago	152
Prior	0	0
Total	4,191	3,914
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	30,719	30,688
Current Fiscal Year	2,099	2,471
One Year Ago	2,817	462
Two Years Ago	466	98
Three Years Ago	87	546
Four Years Ago	439
Prior	1,168	1,341
Total	37,795	35,606
Secured lending facilities | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	11,300	9,445
Current Fiscal Year	1,548	1,135
One Year Ago	1,092	254
Two Years Ago	264	0
Three Years Ago	0	60
Four Years Ago	60
Prior	207	215
Total	14,471	11,109
Secured lending facilities | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	19,419	21,243
Current Fiscal Year	551	1,336
One Year Ago	1,725	208
Two Years Ago	202	98
Three Years Ago	87	486
Four Years Ago	379
Prior	961	1,126
Total	23,324	24,497
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	175	204
Current Fiscal Year	526	2,580
One Year Ago	2,436	1,848
Two Years Ago	1,887	728
Three Years Ago	748	1,811
Four Years Ago	1,693
Prior	1,209	1,344
Total	8,674	8,515
Commercial real estate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	0	379
One Year Ago	368	239
Two Years Ago	227	0
Three Years Ago	0	659
Four Years Ago	399
Prior	104	211
Total	1,098	1,488
Commercial real estate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	175	204
Current Fiscal Year	526	2,201
One Year Ago	2,068	1,609
Two Years Ago	1,660	728
Three Years Ago	748	1,152
Four Years Ago	1,294
Prior	1,105	1,133
Total	7,576	7,027
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	123	124
Current Fiscal Year	4,454	14,425
One Year Ago	14,063	14,353
Two Years Ago	14,033	8,908
Three Years Ago	8,678	5,291
Four Years Ago	5,111	2,134
Prior	10,753	9,225
Total	57,215	54,460
Residential real estate | Less than or equal to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	123	124
Current Fiscal Year	3,963	13,276
One Year Ago	12,945	13,378
Two Years Ago	13,088	8,452
Three Years Ago	8,235	4,968
Four Years Ago	4,799	1,965
Prior	9,913	8,492
Total	53,066	50,655
Residential real estate | Greater than 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	491	1,149
One Year Ago	1,118	975
Two Years Ago	945	456
Three Years Ago	443	323
Four Years Ago	312	169
Prior	840	733
Total	4,149	3,805
Residential real estate | Greater than or equal to 740
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	88	90
Current Fiscal Year	3,604	11,481
One Year Ago	11,195	11,604
Two Years Ago	11,350	7,292
Three Years Ago	7,098	4,208
Four Years Ago	4,065	1,635
Prior	8,054	6,853
Total	45,454	43,163
Residential real estate | 680-739
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	30	29
Current Fiscal Year	735	2,533
One Year Ago	2,472	2,492
Two Years Ago	2,431	1,501
Three Years Ago	1,474	946
Four Years Ago	912	447
Prior	2,357	2,072
Total	10,411	10,020
Residential real estate | Less than or equal to 679
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	5	5
Current Fiscal Year	115	411
One Year Ago	396	257
Two Years Ago	252	115
Three Years Ago	106	137
Four Years Ago	134	52
Prior	342	300
Total	1,350	1,277
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	79,995	84,355
Current Fiscal Year	1,227	3,266
One Year Ago	3,147	1,473
Two Years Ago	1,412	998
Three Years Ago	904	1,573
Four Years Ago	1,493	774
Prior	2,912	2,227
Total	91,090	94,666
Securities-based lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	73,229	77,115
Current Fiscal Year	647	1,425
One Year Ago	1,537	725
Two Years Ago	644	0
Three Years Ago	0	16
Four Years Ago	14	202
Prior	202	0
Total	76,273	79,483
Other | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	5,689	5,760
Current Fiscal Year	318	1,572
One Year Ago	909	525
Two Years Ago	428	580
Three Years Ago	517	913
Four Years Ago	922	268
Prior	1,588	1,581
Total	10,371	11,199
Other | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1,077	1,480
Current Fiscal Year	262	269
One Year Ago	701	223
Two Years Ago	340	418
Three Years Ago	387	644
Four Years Ago	557	304
Prior	1,122	646
Total	$ 4,446	$ 3,984

Loans, Lending Commitments an_6

Loans, Lending Commitments and Related Allowance for Credit Losses - Past Due Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 201,609	$ 199,836
Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	187	356
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,835	6,589
Corporate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	46	112
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	37,795	35,606
Secured lending facilities | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	0	85
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	57,215	54,460
Residential real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	139	158
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	91,090	94,666
Securities-based lending and Other loans | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 2	$ 1

Loans, Lending Commitments an_7

Loans, Lending Commitments and Related Allowance for Credit Losses - Nonaccrual Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 648	$ 502
Nonaccrual loans without an ACL	135	117
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	121	71
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8	94
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	348	209
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	113	118
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 58	$ 10

Loans, Lending Commitments an_8

Loans, Lending Commitments and Related Allowance for Credit Losses - Modified Loans Held for Investment (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 74	$ 661
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	136	158
Corporate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 2	$ 23
Percent of total loans	0%	0.30%
Weighted average term increase from modification	4 years 3 months	1 year 2 months
Secured lending facilities | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 83	$ 83
Percent of total loans	0.20%	0.20%
Weighted average term increase from modification	3 months	3 months
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 21	$ 21
Percent of total loans	0.20%	0.20%
Weighted average term increase from modification	1 month	4 months
Commercial real estate | Combination - Multiple Modification
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 40	$ 40
Percent of total loans	0.50%	0.50%
Commercial real estate | Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 67
Percent of total loans		0.80%
Weighted average term increase from modification		8 months
Commercial real estate | Multiple Modification, Term Exension
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	6 months	7 months
Commercial real estate | Multiple Modification, Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	6 months	6 months
Residential real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 1
Percent of total loans		0%
Weighted average term increase from modification		4 months
Securities-based lending and Other loans | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 30	$ 30
Percent of total loans	0%	0%
Weighted average term increase from modification	2 years 2 months	2 years 2 months

Loans, Lending Commitments an_9

Loans, Lending Commitments and Related Allowance for Credit Losses - Troubled Debt Restructurings (Details) $ in Millions	Dec. 31, 2022 USD ($)
Receivables [Abstract]
Loans, before ACL	$ 29
Lending commitments	$ 0

Loans, Lending Commitments a_10

Loans, Lending Commitments and Related Allowance for Credit Losses - Gross Charge-offs by Origination Year (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Financing Receivable and Allowance for Credit Losses
Revolving	$ 29	$ 30
2020	1	2
2019		29
Prior		40
Total	30	101
Corporate
Financing Receivable and Allowance for Credit Losses
Revolving	29	30
2020	0	0
2019		0
Prior		0
Total	29	30
Secured lending facilities
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019		0
Prior		0
Total	0	0
Commercial real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019		29
Prior		40
Total	0	69
Residential real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019		0
Prior		0
Total	0	0
Securities-based lending and Other loans
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	1	2
2019		0
Prior		0
Total	$ 1	$ 2

Loans, Lending Commitments a_11

Loans, Lending Commitments and Related Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Loans	$ 138	$ 92	$ 339	$ 131
Lending commitments	$ 23	$ 9	$ 56	$ 27

Loans, Lending Commitments a_12

Loans, Lending Commitments and Related Allowance for Credit Losses - Allowance for Credit Losses Rollforward - Loans and Lending Commitments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for loan losses rollforward
Beginning balance			$ 839	$ 654
Gross charge-offs			(101)	(17)
Recoveries				4
Net (charge-offs) recoveries				(13)
Provision (release)	$ 138	$ 92	339	131
Other			4	(10)
Ending balance	$ 1,081	$ 762	$ 1,081	$ 762
Percent of loans to total loans	100%	100%	100%	100%
Allowance for lending commitments rollforward
Beginning balance			$ 504	$ 444
Provision (release)	$ 23	$ 9	56	27
Other			2	(7)
Ending balance	562	464	562	464
Corporate
Allowance for loan losses rollforward
Beginning balance			235	165
Gross charge-offs			(30)	0
Recoveries				4
Net (charge-offs) recoveries				4
Provision (release)			50	47
Other			2	(4)
Ending balance	$ 257	$ 212	$ 257	$ 212
Percent of loans to total loans	4%	3%	4%	3%
Allowance for lending commitments rollforward
Beginning balance			$ 411	$ 356
Provision (release)			35	24
Other			2	(7)
Ending balance	$ 448	$ 373	448	373
Secured lending facilities
Allowance for loan losses rollforward
Beginning balance			153	163
Gross charge-offs			0	(3)
Recoveries				0
Net (charge-offs) recoveries				(3)
Provision (release)			3	8
Other			0	(1)
Ending balance	$ 156	$ 167	$ 156	$ 167
Percent of loans to total loans	19%	17%	19%	17%
Allowance for lending commitments rollforward
Beginning balance			$ 51	$ 41
Provision (release)			10	7
Other			0	0
Ending balance	$ 61	$ 48	61	48
Commercial real estate
Allowance for loan losses rollforward
Beginning balance			275	206
Gross charge-offs			(69)	(7)
Recoveries				0
Net (charge-offs) recoveries				(7)
Provision (release)			178	36
Other			1	(6)
Ending balance	$ 385	$ 229	$ 385	$ 229
Percent of loans to total loans	4%	4%	4%	4%
Allowance for lending commitments rollforward
Beginning balance			$ 15	$ 20
Provision (release)			7	(2)
Other			0	0
Ending balance	$ 22	$ 18	22	18
Residential real estate
Allowance for loan losses rollforward
Beginning balance			87	60
Gross charge-offs			0	0
Recoveries				0
Net (charge-offs) recoveries				0
Provision (release)			25	24
Other			0	0
Ending balance	$ 112	$ 84	$ 112	$ 84
Percent of loans to total loans	28%	26%	28%	26%
Allowance for lending commitments rollforward
Beginning balance			$ 4	$ 1
Provision (release)			1	1
Other			0	0
Ending balance	$ 5	$ 2	5	2
SBL and Other
Allowance for loan losses rollforward
Beginning balance			89	60
Gross charge-offs			(2)	(7)
Recoveries				0
Net (charge-offs) recoveries				(7)
Provision (release)			83	16
Other			1	1
Ending balance	$ 171	$ 70	$ 171	$ 70
Percent of loans to total loans	45%	50%	45%	50%
Allowance for lending commitments rollforward
Beginning balance			$ 23	$ 26
Provision (release)			3	(3)
Other			0	0
Ending balance	$ 26	$ 23	$ 26	$ 23

Loans, Lending Commitments a_13

Loans, Lending Commitments and Related Allowance for Credit Losses - Schedule of Selected Credit Ratios (Details)	Jun. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
ACL for loans to total HFI loans	0.50%	0.40%
Nonaccrual HFI loans to total HFI loans	0.30%	0.30%
ACL for loans to nonaccrual HFI loans	166.80%	167.10%

Loans, Lending Commitments a_14

Loans, Lending Commitments and Related Allowance for Credit Losses - Employee Loans (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Employee Loans [Line Items]
Other receivables	$ 75,964	$ 78,540
Employee loans	4,336	4,120
ACL	(137)	(139)
Employee loans, net of ACL	$ 4,199	$ 3,981
Remaining repayment term, weighted average in years	5 years 10 months 24 days	5 years 9 months 18 days
Currently employed by the Firm | Related Party
Employee Loans [Line Items]
Other receivables	$ 4,237	$ 4,023
No longer employed by the Firm | Related Party
Employee Loans [Line Items]
Other receivables	$ 99	$ 97

Other Assets - Equity Method _3

Other Assets - Equity Method Investments - Balances (Details) - Investment Management - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Equity Method Investments
Investments	$ 1,870		$ 1,870		$ 1,927
Income (loss)	$ 61	$ 17	$ 86	$ 23

Other Assets - Equity Method _4

Other Assets - Equity Method Investments - Joint Ventures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
MUMSS
Equity Method Investments
Income (loss) from investment in MUMSS	$ 63	$ 14	$ 92	$ 18

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Deposits [Abstract]
Savings and demand deposits	$ 286,050	$ 319,948
Time deposits	62,461	36,698
Total	348,511	356,646
Deposits subject to FDIC insurance	270,042	260,420
Deposits not subject to FDIC insurance	$ 78,469	$ 96,226

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Time Deposit Maturities
2023	$ 18,234
2024	25,185
2025	8,321
2026	4,040
2027	3,187
Thereafter	3,494
Total	$ 62,461	$ 36,698

Borrowings and Other Secured _3

Borrowings and Other Secured Financings - Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Borrowings
Original maturities of one year or less	$ 4,153	$ 4,191
Original maturities greater than one year
Senior	231,706	221,667
Subordinated	12,114	12,200
Total	243,820	233,867
Total borrowings	$ 247,973	$ 238,058
Weighted average stated maturity, in years	6 years 9 months 18 days	6 years 8 months 12 days

Borrowings and Other Secured _4

Borrowings and Other Secured Financings - Other Secured Financings (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Original maturities:
One year or less	$ 1,235	$ 944
Greater than one year	7,059	7,214
Total	8,294	8,158
Transfers of assets accounted for as secured financings	$ 1,936	$ 1,119

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies - Commitments (Details) $ in Millions	Jun. 30, 2023 USD ($)
Commitment, Fiscal Year Maturity
Less than 1 (year)	$ 102,548
1-3 (years)	44,119
3-5 (years)	60,206
Over 5 (years)	12,607
Total	219,480
Forward-starting secured financing receivables
Commitment, Fiscal Year Maturity
Less than 1 (year)	61,949
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	61,949
Central counterparty
Commitment, Fiscal Year Maturity
Less than 1 (year)	300
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	8,464
Total	8,764
Underwriting
Commitment, Fiscal Year Maturity
Less than 1 (year)	394
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	394
Investment activities
Commitment, Fiscal Year Maturity
Less than 1 (year)	1,739
1-3 (years)	194
3-5 (years)	110
Over 5 (years)	289
Total	2,332
Letters of credit and other financial guarantees
Commitment, Fiscal Year Maturity
Less than 1 (year)	106
1-3 (years)	35
3-5 (years)	0
Over 5 (years)	10
Total	151
Corporate
Commitment, Fiscal Year Maturity
Less than 1 (year)	15,330
1-3 (years)	31,443
3-5 (years)	56,269
Over 5 (years)	1,286
Total	104,328
Lending commitments participated to third parties	7,464
Secured lending facilities
Commitment, Fiscal Year Maturity
Less than 1 (year)	8,043
1-3 (years)	7,352
3-5 (years)	3,488
Over 5 (years)	1,790
Total	20,673
Commercial and Residential real estate
Commitment, Fiscal Year Maturity
Less than 1 (year)	160
1-3 (years)	271
3-5 (years)	16
Over 5 (years)	339
Total	786
Securities-based lending and Other
Commitment, Fiscal Year Maturity
Less than 1 (year)	14,527
1-3 (years)	4,824
3-5 (years)	323
Over 5 (years)	429
Total	$ 20,103

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies - Obligations under Guarantee Arrangements (Details) $ in Millions	Jun. 30, 2023 USD ($)
Non-credit derivatives
Guarantees
Carrying amount: liability	$ (56,713)
Non-credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,310,340
Non-credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,228,197
Non-credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	321,208
Non-credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	694,877
Standby letters of credit and other financial guarantees issued
Guarantees
Carrying amount: liability	(16)
Standby letters of credit	700
Allowance for credit loss	79
Standby letters of credit and other financial guarantees issued | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,435
Standby letters of credit and other financial guarantees issued | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	701
Standby letters of credit and other financial guarantees issued | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1,459
Standby letters of credit and other financial guarantees issued | Over 5 (Years)
Guarantees
Maximum potential payout/notional	2,800
Market value guarantees
Guarantees
Market value guarantees	0
Market value guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1
Market value guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Market value guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Market value guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities
Guarantees
Carrying amount: liability	0
Liquidity facilities | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2,324
Liquidity facilities | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees
Guarantees
Carrying amount: liability	0
Whole loan sales guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	58
Whole loan sales guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	29
Whole loan sales guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	23,079
Securitization representations and warranties
Guarantees
Carrying amount: liability	(3)
Securitization representations and warranties | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | Over 5 (Years)
Guarantees
Maximum potential payout/notional	78,650
General partner guarantees
Guarantees
Carrying amount: liability	(89)
General partner guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	366
General partner guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	20
General partner guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	136
General partner guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	41
Client clearing guarantees
Guarantees
Carrying amount: liability	0
Client clearing guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	237
Client clearing guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	$ 0

Commitments, Guarantees and C_5

Commitments, Guarantees and Contingencies - Legal Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal expenses	$ 45	$ 262	$ 196	$ 346

Commitments, Guarantees and C_6

Commitments, Guarantees and Contingencies - Narrative (Details) - Jun. 30, 2023 € in Millions, $ in Millions	EUR (€)	USD ($)
Case Number 15/3637 and Case Number 15/4353 | Pending Litigation
Loss Contingencies
Withholding tax credit set-off	€ 124	$ 135

Variable Interest Entities an_3

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Type of Activity (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,164,911	$ 1,180,231
VIE Liabilities	1,063,550	1,079,000
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity
VIE Assets	2,360	2,681
VIE Liabilities	1,312	1,313
Variable Interest Entity, Primary Beneficiary | MABS
Variable Interest Entity
VIE Assets	466	1,153
VIE Liabilities	156	520
Variable Interest Entity, Primary Beneficiary | Investment vehicles
Variable Interest Entity
VIE Assets	883	638
VIE Liabilities	504	272
Variable Interest Entity, Primary Beneficiary | MTOB
Variable Interest Entity
VIE Assets	484	371
VIE Liabilities	451	322
Variable Interest Entity, Primary Beneficiary | Other
Variable Interest Entity
VIE Assets	527	519
VIE Liabilities	$ 201	$ 199

Variable Interest Entities an_4

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Balance Sheet Caption (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 104,994	$ 128,127
Trading assets at fair value	328,454	301,315
Investment securities	141,529	149,303
Securities purchased under agreements to resell	97,914	113,907
Customer and other receivables	75,964	78,540
Other assets	26,881	26,982
Total assets	1,164,911	1,180,231
Liabilities
Other secured financings	8,294	8,158
Other liabilities and accrued expenses	25,177	27,353
Borrowings	247,973	238,058
Total liabilities	1,063,550	1,079,000
Noncontrolling interests	975	1,090
Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	181	142
Trading assets at fair value	1,574	2,066
Investment securities	396	255
Securities purchased under agreements to resell	200	200
Customer and other receivables	7	16
Other assets	2	2
Total assets	2,360	2,681
Liabilities
Other secured financings	1,180	1,185
Other liabilities and accrued expenses	128	124
Borrowings	4	4
Total liabilities	1,312	1,313
Noncontrolling interests	$ 76	$ 71

Variable Interest Entities an_5

Variable Interest Entities and Securitization Activities - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,164,911	$ 1,180,231
Additional VIE assets owned	14,472	13,708
VIE Liabilities	1,063,550	1,079,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE assets (UPB)	137,116	123,601
MABS
Variable Interest Entity
VIE assets (UPB)	137,116	123,601
Maximum exposure to loss	20,574	13,778
MABS | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	18,229	13,104
MABS | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	18,229	13,104
MABS | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	18,229	13,104
MABS | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
MABS | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
MABS | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	2,345	674
MABS | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
CDO
Variable Interest Entity
VIE assets (UPB)	2,093	3,162
Maximum exposure to loss	122	274
CDO | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	122	274
CDO | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	122	274
CDO | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	122	274
CDO | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
CDO | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
CDO | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
CDO | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
MTOB
Variable Interest Entity
VIE assets (UPB)	3,343	4,632
Maximum exposure to loss	2,324	3,200
MTOB | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	3
MTOB | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
MTOB | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	2,324	3,200
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	3
MTOB | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	3	3
OSF
Variable Interest Entity
VIE assets (UPB)	2,748	2,403
Maximum exposure to loss	1,835	1,694
OSF | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,625	1,577
OSF | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	1,835	1,694
OSF | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,625	1,577
OSF | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
OSF | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
OSF | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
OSF | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
Other
Variable Interest Entity
VIE assets (UPB)	50,750	50,178
Maximum exposure to loss	16,824	18,217
Other | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	13,119	13,160
Other | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	11,411	11,596
Other | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	11,411	11,596
Other | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	4,291	5,211
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,708	1,564
Other | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	1,122	1,410
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	$ 340	$ 281

Variable Interest Entities an_6

Variable Interest Entities and Securitization Activities - Mortgage and Asset Backed Securitization Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Debt and Equity Interests	$ 1,164,911	$ 1,180,231
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
UPB	137,116	123,601
Variable Interest Entity, Not Primary Beneficiary | Residential mortgages
Variable Interest Entity
UPB	16,018	20,428
Variable Interest Entity, Not Primary Beneficiary | Commercial mortgages
Variable Interest Entity
UPB	69,407	67,540
Variable Interest Entity, Not Primary Beneficiary | U.S. agency collateralized mortgage obligations
Variable Interest Entity
UPB	47,439	32,567
Variable Interest Entity, Not Primary Beneficiary | Other consumer or commercial loans
Variable Interest Entity
UPB	4,252	3,066
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests
Variable Interest Entity
Debt and Equity Interests	18,229	13,104
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Residential mortgages
Variable Interest Entity
Debt and Equity Interests	2,515	2,570
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Commercial mortgages
Variable Interest Entity
Debt and Equity Interests	5,174	4,236
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | U.S. agency collateralized mortgage obligations
Variable Interest Entity
Debt and Equity Interests	7,340	4,729
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Other consumer or commercial loans
Variable Interest Entity
Debt and Equity Interests	$ 3,200	$ 1,569

Variable Interest Entities an_7

Variable Interest Entities and Securitization Activities - Transferred Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 42,904	$ 44,212
Derivative liabilities	30,763	38,135
SPE
Variable Interest Entity
Interests purchased in the secondary market	114	201
Derivative assets	1,111	1,114
Derivative liabilities	326	201
SPE | Investment grade
Variable Interest Entity
Interests purchased in the secondary market	92	143
SPE | Non-investment grade
Variable Interest Entity
Interests purchased in the secondary market	22	58
SPE | RML
Variable Interest Entity
SPE assets (UPB)	4,083	3,732
Retained interests	224	163
Interests purchased in the secondary market	49	117
Derivative assets	0	0
Derivative liabilities	0	0
SPE | RML | Investment grade
Variable Interest Entity
Retained interests	136	137
Interests purchased in the secondary market	43	82
SPE | RML | Non-investment grade
Variable Interest Entity
Retained interests	88	26
Interests purchased in the secondary market	6	35
SPE | CML
Variable Interest Entity
SPE assets (UPB)	73,870	73,069
Retained interests	1,424	1,392
Interests purchased in the secondary market	53	74
Derivative assets	0	0
Derivative liabilities	0	0
SPE | CML | Investment grade
Variable Interest Entity
Retained interests	847	927
Interests purchased in the secondary market	37	51
SPE | CML | Non-investment grade
Variable Interest Entity
Retained interests	577	465
Interests purchased in the secondary market	16	23
SPE | U.S. Agency CMO
Variable Interest Entity
SPE assets (UPB)	7,087	6,448
Retained interests	376	378
Interests purchased in the secondary market	12	10
Derivative assets	0	0
Derivative liabilities	0	0
SPE | U.S. Agency CMO | Investment grade
Variable Interest Entity
Retained interests	373	367
Interests purchased in the secondary market	12	10
SPE | U.S. Agency CMO | Non-investment grade
Variable Interest Entity
Retained interests	3	11
Interests purchased in the secondary market	0	0
SPE | CLN and Other
Variable Interest Entity
SPE assets (UPB)	10,669	10,928
Retained interests	51	44
Interests purchased in the secondary market	0	0
Derivative assets	1,111	1,114
Derivative liabilities	326	201
SPE | CLN and Other | Investment grade
Variable Interest Entity
Retained interests	0	0
Interests purchased in the secondary market	0	0
SPE | CLN and Other | Non-investment grade
Variable Interest Entity
Retained interests	51	44
Interests purchased in the secondary market	$ 0	$ 0

Variable Interest Entities an_8

Variable Interest Entities and Securitization Activities - Fair Value of Transfers of Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 42,904	$ 44,212
Derivative liabilities	30,763	38,135
SPE
Variable Interest Entity
Retained interests	598	530
Interests purchased in the secondary market	114	201
Derivative assets	1,111	1,114
Derivative liabilities	326	201
SPE | Investment grade
Variable Interest Entity
Retained interests	520	489
Interests purchased in the secondary market	92	143
SPE | Non-investment grade
Variable Interest Entity
Retained interests	78	41
Interests purchased in the secondary market	22	58
SPE | Level 2
Variable Interest Entity
Retained interests	524	514
Interests purchased in the secondary market	101	182
Derivative assets	1,111	1,114
Derivative liabilities	326	153
SPE | Level 2 | Investment grade
Variable Interest Entity
Retained interests	508	489
Interests purchased in the secondary market	86	140
SPE | Level 2 | Non-investment grade
Variable Interest Entity
Retained interests	16	25
Interests purchased in the secondary market	15	42
SPE | Level 3
Variable Interest Entity
Retained interests	74	16
Interests purchased in the secondary market	13	19
Derivative assets	0	0
Derivative liabilities	0	48
SPE | Level 3 | Investment grade
Variable Interest Entity
Retained interests	12	0
Interests purchased in the secondary market	6	3
SPE | Level 3 | Non-investment grade
Variable Interest Entity
Retained interests	62	16
Interests purchased in the secondary market	$ 7	$ 16

Variable Interest Entities an_9

Variable Interest Entities and Securitization Activities - Proceeds from New Securitization Transactions and Sales of Loans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Transfer of Financial Assets Accounted for as Sales
New transactions	$ 3,605	$ 6,217	$ 6,126	$ 14,477
Retained interests	1,077	1,431	2,652	3,053
CLO SPEs | Corporate Loans
Transfer of Financial Assets Accounted for as Sales
Sales of corporate loans to CLO SPEs	$ 0	$ 12	$ 0	$ 16

Variable Interest Entities a_10

Variable Interest Entities and Securitization Activities - Assets Sold with Retained Exposure (Details) - Bilateral OTC - Equity - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Transfer of Financial Assets Accounted for as Sales
Gross cash proceeds from sale of assets	$ 49,195	$ 49,059
Fair value
Assets sold	50,939	47,281
Derivative assets recognized in the balance sheet	1,832	116
Derivative liabilities recognized in the balance sheet	$ 88	$ 1,893

Regulatory Requirements - Capit

Regulatory Requirements - Capital Buffer Requirements (Details)	Jun. 30, 2023	Dec. 31, 2022
Capital conservation buffer
Advanced (as a percent)	0.025	0.025
SCB
Standardized (as a percent)	0.058	0.058
G-SIB capital surcharge
Standardized (as a percent)	0.030	0.030
Advanced (as a percent)	0.030	0.030
CCyB
Standardized (as a percent)	0	0
Advanced (as a percent)	0	0
Capital buffer requirement
Standardized (as a percent)	0.088	0.088
Advanced (as a percent)	0.055	0.055
Maximum
CCyB
Standardized (as a percent)	0.025	0.025

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details)	Jun. 30, 2023	Dec. 31, 2022
Regulatory Requirements
Standardized (as a percent)	0	0
Maximum
Regulatory Requirements
Standardized (as a percent)	0.025	0.025

Regulatory Requirements - Risk-

Regulatory Requirements - Risk-Based Regulatory Capital Ratio Requirements (Details)	Jun. 30, 2023	Dec. 31, 2022
Common Equity Tier 1 capital ratio
Regulatory Minimum (as a percent)	0.045
Standardized (as a percent)	13.30%	13.30%
Advanced (as a percent)	0.100	0.100
Tier 1 capital ratio
Regulatory Minimum (as a percent)	0.060
Standardized (as a percent)	0.148	0.148
Advanced (as a percent)	0.115	0.115
Total capital ratio
Regulatory Minimum (as a percent)	0.080
Standardized (as a percent)	0.168	0.168
Advanced (as a percent)	0.135	0.135

Regulatory Requirements - The F

Regulatory Requirements - The Firm's Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Required Ratio
Common Equity Tier 1 capital (as a percent)	13.30%	13.30%
Tier 1 capital (as a percent)	0.148	0.148
Total capital (as a percent)	0.168	0.168
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	5%
Amount
Common Equity Tier 1 capital	$ 69,884	$ 68,670
Tier 1 capital	78,429	77,191
Total capital	89,586	86,575
Total RWA	449,815	447,849
Adjusted average assets	1,163,153	1,150,772
Supplementary leverage exposure	$ 1,418,662	$ 1,399,403
Ratio
Common Equity Tier 1 capital (as a percent)	0.155	0.153
Tier 1 capital (as a percent)	0.174	0.172
Total capital (as a percent)	0.199	0.193
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.055	0.055

Regulatory Requirements - U.S.

Regulatory Requirements - U.S. Bank Subsidiaries' Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Required Ratio
Common Equity Tier 1 capital (as a percent)	13.30%	13.30%
Tier 1 capital (as a percent)	0.148	0.148
Total capital (as a percent)	0.168	0.168
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	5%
Amount
Common Equity Tier 1 capital	$ 69,884	$ 68,670
Tier 1 capital	78,429	77,191
Total capital	$ 89,586	$ 86,575
Ratio
Common Equity Tier 1 capital (as a percent)	0.155	0.153
Tier 1 capital (as a percent)	0.174	0.172
Total capital (as a percent)	0.199	0.193
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.055	0.055
MSBNA
Well-Capitalized Requirement Ratio [Abstract]
Common Equity Tier 1 capital (as a percent)	6.50%
Tier 1 capital (as a percent)	8%
Total capital (as a percent)	0.100
Tier 1 leverage (as a percent)	0.050
SLR (as a percent)	6%
Required Ratio
Common Equity Tier 1 capital (as a percent)	7%
Tier 1 capital (as a percent)	0.085
Total capital (as a percent)	0.105
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	3%
Amount
Common Equity Tier 1 capital	$ 20,526	$ 20,043
Tier 1 capital	20,526	20,043
Total capital	21,338	20,694
Tier 1 leverage	20,526	20,043
SLR	$ 20,526	$ 20,043
Ratio
Common Equity Tier 1 capital (as a percent)	0.200	0.205
Tier 1 capital (as a percent)	0.200	0.205
Total capital (as a percent)	0.208	0.211
Tier 1 leverage (as a percent)	0.100	0.101
SLR (as a percent)	0.079	0.081
MSPBNA
Well-Capitalized Requirement Ratio [Abstract]
Common Equity Tier 1 capital (as a percent)	6.50%
Tier 1 capital (as a percent)	8%
Total capital (as a percent)	0.100
Tier 1 leverage (as a percent)	0.050
SLR (as a percent)	6%
Required Ratio
Common Equity Tier 1 capital (as a percent)	7%
Tier 1 capital (as a percent)	0.085
Total capital (as a percent)	0.105
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	3%
Amount
Common Equity Tier 1 capital	$ 15,502	$ 15,546
Tier 1 capital	15,502	15,546
Total capital	15,766	15,695
Tier 1 leverage	15,502	15,546
SLR	$ 15,502	$ 15,546
Ratio
Common Equity Tier 1 capital (as a percent)	0.264	0.275
Tier 1 capital (as a percent)	0.264	0.275
Total capital (as a percent)	0.269	0.278
Tier 1 leverage (as a percent)	0.078	0.076
SLR (as a percent)	0.075	0.074

Regulatory Requirements - U.S_2

Regulatory Requirements - U.S. Broker-Dealer Regulatory Capital Requirements (Details) - MS&Co. - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Regulatory Requirements
Net capital	$ 17,449	$ 17,224
Excess net capital	$ 13,027	$ 12,861

Total Equity - Preferred Stock

Total Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Class of Stock
Preferred stock carrying value	$ 8,750	$ 8,750
Preferred stock shares authorized (shares)	30,000,000	30,000,000
Series A
Class of Stock
Preferred stock shares outstanding (shares)	44,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,100	$ 1,100
Series C
Class of Stock
Preferred stock shares outstanding (shares)	519,882
Liquidation preference per share (USD per share)	$ 1,000
Preferred stock carrying value	$ 408	408
Series E
Class of Stock
Preferred stock shares outstanding (shares)	34,500
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 862	862
Series F
Class of Stock
Preferred stock shares outstanding (shares)	34,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 850	850
Series I
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series K
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series L
Class of Stock
Preferred stock shares outstanding (shares)	20,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 500	500
Series M
Class of Stock
Preferred stock shares outstanding (shares)	400,000
Liquidation preference per share (USD per share)	$ 1,000
Preferred stock carrying value	$ 430	430
Series N
Class of Stock
Preferred stock shares outstanding (shares)	3,000
Liquidation preference per share (USD per share)	$ 100,000
Preferred stock carrying value	$ 300	300
Series O
Class of Stock
Preferred stock shares outstanding (shares)	52,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,300	1,300
Series P
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	$ 1,000

Total Equity - Common Stock Rep

Total Equity - Common Stock Repurchases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Repurchases of common stock under the Firm’s Share Repurchase Authorization	$ 1,000	$ 2,738	$ 2,500	$ 5,610

Total Equity - Narrative (Detai

Total Equity - Narrative (Details) $ in Billions	Jun. 30, 2023 USD ($)
Equity [Abstract]
Authorized repurchase amount of outstanding common stock	$ 20

Total Equity - Common Shares Ou

Total Equity - Common Shares Outstanding for Basic and Diluted EPS (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Weighted average common shares outstanding, basic (shares)	1,635	1,704	1,640	1,718
Effect of dilutive RSUs and PSUs (shares)	16	19	17	20
Weighted average common shares outstanding and common stock equivalents, diluted (shares)	1,651	1,723	1,657	1,739
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) (shares)	5	8	4	7

Total Equity - Dividends (Detai

Total Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Preferred Stock Dividends
Preferred stock dividends declared	$ 133	$ 104	$ 277	$ 228
Dividends declared per common share (USD per share)	$ 0.775	$ 0.700	$ 1.550	$ 1.400
Common stock dividends	$ 1,292	$ 1,221	$ 2,597	$ 2,473
Series A
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 377	$ 253	$ 720	$ 494
Preferred stock dividends declared	$ 17	$ 11	$ 32	$ 22
Series C
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 25	$ 25	$ 50	$ 50
Preferred stock dividends declared	$ 13	$ 13	$ 26	$ 26
Series E
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 445	$ 445	$ 891	$ 891
Preferred stock dividends declared	$ 16	$ 15	$ 31	$ 30
Series F
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 430	$ 430	$ 859	$ 859
Preferred stock dividends declared	$ 15	$ 14	$ 29	$ 29
Series I
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 398	$ 398	$ 797	$ 797
Preferred stock dividends declared	$ 16	$ 16	$ 32	$ 32
Series K
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 366	$ 366	$ 731	$ 731
Preferred stock dividends declared	$ 14	$ 15	$ 29	$ 30
Series L
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 305	$ 305	$ 609	$ 609
Preferred stock dividends declared	$ 6	$ 6	$ 12	$ 12
Series M
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)			$ 29	$ 29
Preferred stock dividends declared			$ 12	$ 12
Series N
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 2,051	$ 0	$ 4,701	$ 2,650
Preferred stock dividends declared	$ 6	$ 0	$ 14	$ 8
Series O
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 266	$ 266	$ 531	$ 531
Preferred stock dividends declared	$ 14	$ 14	$ 28	$ 27
Series P
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 406	$ 0	$ 813	$ 0
Preferred stock dividends declared	$ 16	$ 0	$ 32	$ 0

Total Equity - Accumulated Othe

Total Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance			$ 101,231
Ending balance	$ 101,361	$ 102,662	101,361	$ 102,662
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(5,711)	(4,902)	(6,253)	(3,102)
OCI during the period	(589)	(119)	(47)	(1,919)
Ending balance	(6,300)	(5,021)	(6,300)	(5,021)
CTA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(1,172)	(1,050)	(1,204)	(1,002)
OCI during the period			5	(224)
Ending balance	(1,199)	(1,226)	(1,199)	(1,226)
AFS Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(3,680)	(2,150)	(4,192)	245
OCI during the period			491	(3,471)
Ending balance	(3,701)	(3,226)	(3,701)	(3,226)
Pension and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(509)	(546)	(508)	(551)
OCI during the period			(2)	8
Ending balance	(510)	(543)	(510)	(543)
DVA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(353)	(1,156)	(345)	(1,794)
OCI during the period			(528)	1,768
Ending balance	(873)	(26)	(873)	(26)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	3	0	(4)	0
OCI during the period	(20)	0	(13)	0
Ending balance	$ (17)	$ 0	$ (17)	$ 0

Total Equity - Components of Pe

Total Equity - Components of Period Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
After-tax Gain (Loss)
Net OCI	$ (684)	$ (209)	$ (161)	$ (2,044)
Foreign Currency Translation Adjustment Attributable to Parent
After-tax Gain (Loss)
OCI activity	(27)	(235)	5	(283)
Reclassified to earnings	0	59	0	59
Net OCI	(27)	(176)	5	(224)
Foreign Currency Translation Adjustment Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(88)	(134)	(98)	(194)
Reclassified to earnings	0	0	0	0
Net OCI	(88)	(134)	(98)	(194)
Income Tax Benefit (Provision)
OCI activity	(23)	(213)	7	(258)
Reclassified to earnings	0	59	0	59
Net OCI	(23)	(154)	7	(199)
After-tax Gain (Loss)
OCI activity	(111)	(347)	(91)	(452)
Reclassified to earnings	0	59	0	59
Net OCI	(111)	(288)	(91)	(393)
Foreign Currency Translation Adjustment Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(84)	(112)	(96)	(169)
Reclassified to earnings	0	0	0	0
Net OCI	(84)	(112)	(96)	(169)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Parent
After-tax Gain (Loss)
OCI activity	(28)	(1,062)	515	(3,424)
Reclassified to earnings	7	(14)	(24)	(47)
Net OCI	(21)	(1,076)	491	(3,471)
Change in Net Unrealized Gains (Losses) on AFS Securities Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(38)	(1,387)	672	(4,471)
Reclassified to earnings	10	(18)	(31)	(62)
Net OCI	(28)	(1,405)	641	(4,533)
Income Tax Benefit (Provision)
OCI activity	10	325	(157)	1,047
Reclassified to earnings	(3)	4	7	15
Net OCI	7	329	(150)	1,062
After-tax Gain (Loss)
OCI activity	(28)	(1,062)	515	(3,424)
Reclassified to earnings	7	(14)	(24)	(47)
Net OCI	(21)	(1,076)	491	(3,471)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Pension and Other Attributable to Parent
After-tax Gain (Loss)
OCI activity	(1)	(2)	(1)	(2)
Reclassified to earnings	0	5	(1)	10
Net OCI	(1)	3	(2)	8
Pension and Other Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(1)	(2)	(1)	(2)
Reclassified to earnings	0	6	(1)	11
Net OCI	(1)	4	(2)	9
Income Tax Benefit (Provision)
OCI activity	0	0	0	0
Reclassified to earnings	0	(1)	0	(1)
Net OCI	0	(1)	0	(1)
After-tax Gain (Loss)
OCI activity	(1)	(2)	(1)	(2)
Reclassified to earnings	0	5	(1)	10
Net OCI	(1)	3	(2)	8
Pension and Other Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Change in Net DVA Attributable to Parent
After-tax Gain (Loss)
OCI activity	(522)	1,131	(535)	1,769
Reclassified to earnings	2	(1)	7	(1)
Net OCI	(520)	1,130	(528)	1,768
Change in Net DVA Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(704)	1,521	(734)	2,392
Reclassified to earnings	3	(1)	9	(1)
Net OCI	(701)	1,520	(725)	2,391
Income Tax Benefit (Provision)
OCI activity	171	(368)	181	(579)
Reclassified to earnings	(1)	0	(2)	0
Net OCI	170	(368)	179	(579)
After-tax Gain (Loss)
OCI activity	(533)	1,153	(553)	1,813
Reclassified to earnings	2	(1)	7	(1)
Net OCI	(531)	1,152	(546)	1,812
Change in Net DVA Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(11)	22	(18)	44
Reclassified to earnings	0	0	0	0
Net OCI	(11)	$ 22	(18)	$ 44
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Parent
After-tax Gain (Loss)
OCI activity	(21)		(15)
Reclassified to earnings	1		2
Net OCI	(20)		(13)
Change in Fair Value of Cash Flow Hedge Derivatives Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(25)		(18)
Reclassified to earnings	2		3
Net OCI	(23)		(15)
Income Tax Benefit (Provision)
OCI activity	4		3
Reclassified to earnings	(1)		(1)
Net OCI	3		2
After-tax Gain (Loss)
OCI activity	(21)		(15)
Reclassified to earnings	1		2
Net OCI	(20)		(13)
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Non Controlling Interest
After-tax Gain (Loss)
OCI activity	0		0
Reclassified to earnings	0		0
Net OCI	$ 0		$ 0

Interest Income and Interest _3

Interest Income and Interest Expense - Summary (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income
Investment securities	$ 850	$ 741	$ 1,868	$ 1,518
Loans	3,045	1,402	5,855	2,559
Securities purchased under agreements to resell	1,829	193	3,306	206
Securities borrowed	1,370	(70)	2,541	(287)
Trading assets, net of Trading liabilities	934	562	1,851	1,087
Customer receivables and Other	4,020	784	7,497	1,179
Total interest income	12,048	3,612	22,918	6,262
Interest expense
Deposits	1,946	135	3,521	209
Borrowings	2,770	934	5,274	1,619
Securities sold under agreements to repurchase	1,452	174	2,669	222
Securities loaned	203	111	367	205
Customer payables and Other	3,667	(24)	6,731	(491)
Total interest expense	10,038	1,330	18,562	1,764
Net interest	$ 2,010	$ 2,282	$ 4,356	$ 4,498

Interest Income and Interest _4

Interest Income and Interest Expense - Accrued Interest (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Interest Income (Expense), Net [Abstract]
Customer and other receivables	$ 4,026	$ 4,139
Customer and other payables	$ 4,173	$ 4,273

Segment, Geographic and Reven_3

Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information
Investment banking	$ 1,155	$ 1,150	$ 2,485	$ 2,908
Trading	3,802	3,597	8,279	7,580
Investments	95	23	240	98
Commissions and fees	1,090	1,220	2,329	2,636
Asset management	4,817	4,912	9,545	10,031
Other	488	(52)	740	182
Total non-interest revenues	11,447	10,850	23,618	23,435
Interest income	12,048	3,612	22,918	6,262
Interest expense	10,038	1,330	18,562	1,764
Net interest	2,010	2,282	4,356	4,498
Net revenues	13,457	13,132	27,974	27,933
Provision for credit losses	161	101	395	158
Compensation and benefits	6,262	5,550	12,672	11,824
Non-compensation expenses	4,222	4,162	8,335	8,044
Total non-interest expenses	10,484	9,712	21,007	19,868
Income before provision for income taxes	2,812	3,319	6,572	7,907
Provision for income taxes	591	783	1,318	1,656
Net income	2,221	2,536	5,254	6,251
Net income (loss) applicable to noncontrolling interests	39	41	92	90
Net income applicable to Morgan Stanley	2,182	2,495	5,162	6,161
I/E
Segment Reporting Information
Investment banking	(29)	(19)	(50)	(38)
Trading	10	15	19	33
Investments	0	0	0	0
Commissions and fees	(67)	(71)	(132)	(152)
Asset management	(53)	(57)	(103)	(99)
Other	(3)	(3)	(7)	(6)
Total non-interest revenues	(142)	(135)	(273)	(262)
Interest income	(497)	(188)	(1,041)	(244)
Interest expense	(501)	(189)	(1,048)	(246)
Net interest	4	1	7	2
Net revenues	(138)	(134)	(266)	(260)
Provision for credit losses	0	0	0	0
Compensation and benefits	0	0	0	0
Non-compensation expenses	(122)	(129)	(240)	(255)
Total non-interest expenses	(122)	(129)	(240)	(255)
Income before provision for income taxes	(16)	(5)	(26)	(5)
Provision for income taxes	(4)	(1)	(6)	(1)
Net income	(12)	(4)	(20)	(4)
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	(12)	(4)	(20)	(4)
IS | Operating Segments
Segment Reporting Information
Investment banking	1,075	1,072	2,322	2,706
Trading	3,594	3,976	7,851	8,181
Investments	23	(95)	51	4
Commissions and fees	605	688	1,319	1,462
Asset management	150	155	298	302
Other	325	(223)	505	(106)
Total non-interest revenues	5,772	5,573	12,346	12,549
Interest income	8,816	1,846	16,574	2,908
Interest expense	8,934	1,300	16,469	1,681
Net interest	(118)	546	105	1,227
Net revenues	5,654	6,119	12,451	13,776
Provision for credit losses	97	82	286	126
Compensation and benefits	2,215	2,050	4,580	4,654
Non-compensation expenses	2,365	2,433	4,716	4,655
Total non-interest expenses	4,580	4,483	9,296	9,309
Income before provision for income taxes	977	1,554	2,869	4,341
Provision for income taxes	176	395	539	930
Net income	801	1,159	2,330	3,411
Net income (loss) applicable to noncontrolling interests	42	38	93	99
Net income applicable to Morgan Stanley	759	1,121	2,237	3,312
WM | Operating Segments
Segment Reporting Information
Investment banking	109	97	213	240
Trading	208	(409)	435	(640)
Investments	22	15	38	27
Commissions and fees	552	603	1,142	1,326
Asset management	3,452	3,510	6,834	7,136
Other	161	173	243	295
Total non-interest revenues	4,504	3,989	8,905	8,384
Interest income	3,700	1,945	7,327	3,582
Interest expense	1,544	198	3,013	295
Net interest	2,156	1,747	4,314	3,287
Net revenues	6,660	5,736	13,219	11,671
Provision for credit losses	64	19	109	32
Compensation and benefits	3,503	2,895	6,980	6,020
Non-compensation expenses	1,412	1,301	2,737	2,525
Total non-interest expenses	4,915	4,196	9,717	8,545
Income before provision for income taxes	1,681	1,521	3,393	3,094
Provision for income taxes	373	331	709	632
Net income	1,308	1,190	2,684	2,462
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	1,308	1,190	2,684	2,462
IM | Operating Segments
Segment Reporting Information
Investment banking	0	0	0	0
Trading	(10)	15	(26)	6
Investments	50	103	151	67
Commissions and fees	0	0	0	0
Asset management	1,268	1,304	2,516	2,692
Other	5	1	(1)	(1)
Total non-interest revenues	1,313	1,423	2,640	2,764
Interest income	29	9	58	16
Interest expense	61	21	128	34
Net interest	(32)	(12)	(70)	(18)
Net revenues	1,281	1,411	2,570	2,746
Provision for credit losses	0	0	0	0
Compensation and benefits	544	605	1,112	1,150
Non-compensation expenses	567	557	1,122	1,119
Total non-interest expenses	1,111	1,162	2,234	2,269
Income before provision for income taxes	170	249	336	477
Provision for income taxes	46	58	76	95
Net income	124	191	260	382
Net income (loss) applicable to noncontrolling interests	(3)	3	(1)	(9)
Net income applicable to Morgan Stanley	$ 127	$ 188	$ 261	$ 391

Segment, Geographic and Reven_4

Segment, Geographic and Revenue Information - Institutional Securities - Investment Banking Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from External Customer [Line Items]
Investment banking	$ 1,155	$ 1,150	$ 2,485	$ 2,908
Firm Investment banking revenues from contracts with customers (as a percent)	92%	88%	91%	89%
Institutional Securities | Operating Segments
Revenue from External Customer [Line Items]
Investment banking	$ 1,075	$ 1,072	$ 2,322	$ 2,706
Institutional Securities | Operating Segments | Institutional Securities Advisory
Revenue from External Customer [Line Items]
Investment banking	455	598	1,093	1,542
Institutional Securities | Operating Segments | Institutional Securities Underwriting
Revenue from External Customer [Line Items]
Investment banking	$ 620	$ 474	$ 1,229	$ 1,164

Segment, Geographic and Reven_5

Segment, Geographic and Revenue Information - Trading Revenues by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue
Trading revenues	$ 3,802	$ 3,597	$ 8,279	$ 7,580
Interest rate
Disaggregation of Revenue
Trading revenues	1,209	469	2,577	860
Foreign exchange
Disaggregation of Revenue
Trading revenues	126	475	388	1,123
Equity
Disaggregation of Revenue
Trading revenues	2,403	1,990	4,615	3,997
Commodity and other
Disaggregation of Revenue
Trading revenues	335	484	874	1,009
Credit
Disaggregation of Revenue
Trading revenues	$ (271)	$ 179	$ (175)	$ 591

Segment, Geographic and Reven_6

Segment, Geographic and Revenue Information - Investment Management Investments Revenues - Net Unrealized Carried Interest (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Net cumulative unrealized performance-based fees at risk of reversing	$ 772	$ 819

Segment, Geographic and Reven_7

Segment, Geographic and Revenue Information - Investment Management Asset Management Revenues - Reduction of Fees due to Fee Waivers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Fee waivers	$ 28	$ 41	$ 46	$ 165

Segment, Geographic and Reven_8

Segment, Geographic and Revenue Information - Other Expenses - Transaction Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Transaction taxes	$ 247	$ 228	$ 461	$ 486

Segment, Geographic and Reven_9

Segment, Geographic and Revenue Information - Net Revenues by Region (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information
Net revenues	$ 13,457	$ 13,132	$ 27,974	$ 27,933
Americas
Segment Reporting Information
Net revenues	10,394	9,662	21,185	20,126
EMEA
Segment Reporting Information
Net revenues	1,500	1,678	3,237	3,989
Asia
Segment Reporting Information
Net revenues	$ 1,563	$ 1,792	$ 3,552	$ 3,818

Segment, Geographic and Reve_10

Segment, Geographic and Revenue Information - Revenue Recognized from Prior Services (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Non-interest revenues	$ 469	$ 613	$ 1,060	$ 1,551

Segment, Geographic and Reve_11

Segment, Geographic and Revenue Information - Receivables from Contracts with Customers (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Customer and other receivables	$ 2,264	$ 2,577

Segment, Geographic and Reve_12

Segment, Geographic and Revenue Information - Assets by Business Segment (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information
Assets	$ 1,164,911	$ 1,180,231
Institutional Securities
Segment Reporting Information
Assets	784,785	789,837
Wealth Management
Segment Reporting Information
Assets	362,627	373,305
Investment Management
Segment Reporting Information
Assets	$ 17,499	$ 17,089