Morgan Stanley (MS) 10-Q 4 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	MS
Entity Registrant Name	MORGAN STANLEY
Entity Central Index Key	895,421
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,953,385,490

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks ($10 and $45 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	$ 19,145	$ 21,381
Interest bearing deposits with banks	27,214	25,603
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements ($165 and $149 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	33,652	40,607
Trading assets, at fair value ($127,737 and $127,342 were pledged to various parties at June 30, 2015 and December 31, 2014, respectively) ($625 and $966 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	250,279	256,801
Investment securities (includes $63,709 and $69,216 at fair value at June 30, 2015 and December 31, 2014, respectively)	66,132	69,316
Securities received as collateral, at fair value	15,492	21,316
Securities purchased under agreements to resell (includes $810 and $1,113 at fair value at June 30, 2015 and December 31, 2014, respectively)	106,760	83,288
Securities borrowed	143,969	136,708
Customer and other receivables	57,115	48,961
Loans
Held for investment (net of allowances of $169 and $149 at June 30, 2015 and December 31, 2014, respectively)	66,424	57,119
Held for sale	9,469	9,458
Other investments ($387 and $467 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	4,172	4,355
Premises, equipment and software costs (net of accumulated depreciation of $6,660 and $6,219 at June 30, 2015 and December 31, 2014, respectively) ($187 and $191 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	6,182	6,108
Goodwill	6,594	6,588
Intangible assets (net of accumulated amortization of $1,969 and $1,824 at June 30, 2015 and December 31, 2014, respectively) (includes $6 at fair value at June 30, 2015 and December 31, 2014, respectively)	3,151	3,159
Other assets ($50 and $59 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company)	10,005	10,742
Total assets	825,755	801,510
Liabilities
Deposits	139,203	133,544
Short-term borrowings (includes $2,825 and $1,765 at fair value at June 30, 2015 and December 31, 2014, respectively)	3,122	2,261
Trading liabilities, at fair value (includes $0 and $1 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally non-recourse to the Company)	125,152	107,381
Obligation to return securities received as collateral, at fair value	23,250	25,685
Securities sold under agreements to repurchase (includes $594 and $612 at fair value at June 30, 2015 and December 31, 2014, respectively)	65,619	69,949
Securities loaned	23,151	25,219
Other secured financings (includes $4,074 and $4,504 at fair value at June 30, 2015 and December 31, 2014, respectively) ($299 and $348 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally non-recourse to the Company)	11,688	12,085
Customer and other payables	181,494	181,069
Other liabilities and accrued expenses ($3 and $72 at June 30, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally non-recourse to the Company)	18,920	19,441
Long-term borrowings (includes $32,994 and $31,774 at fair value at June 30, 2015 and December 31, 2014, respectively)	158,089	152,772
Total liabilities	$ 749,688	$ 729,406
Commitments and contingent liabilities
Morgan Stanley shareholders' equity:
Preferred stock	$ 7,520	$ 6,020
Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at June 30, 2015 and December 31, 2014; Shares issued: 2,038,893,979 at June 30, 2015 and December 31, 2014; Shares outstanding: 1,955,655,320 and 1,950,980,142 at June 30, 2015 and December 31, 2014, respectively	20	20
Additional Paid-in capital	23,655	24,249
Retained earnings	48,106	44,625
Employee stock trusts	2,441	2,127
Accumulated other comprehensive loss	(1,447)	(1,248)
Common stock held in treasury, at cost, $0.01 par value: Shares outstanding: 83,238,659 and 87,913,837 at June 30, 2015 and December 31, 2014, respectively	(2,816)	(2,766)
Common stock issued to employee trusts	(2,441)	(2,127)
Total Morgan Stanley shareholders' equity	75,038	70,900
Nonredeemable noncontrolling interests	1,029	1,204
Total equity	76,067	72,104
Total liabilities and equity	$ 825,755	$ 801,510

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Cash and due from banks	$ 19,145	$ 21,381
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	33,652	40,607
Trading assets pledged to various parties	127,737	127,342
Trading assets, fair value	250,279	256,801
Total AFS securities, Fair value	63,709	69,216
Federal funds sold and securities purchased under agreement to resell, fair value	810	1,113
Other investments	4,172	4,355
Allowances, loans	169	149
Premises, equipment and software costs, accumulated depreciation	6,660	6,219
Premises, equipment and software costs	6,182	6,108
Intangible assets, accumulated amortization	1,969	1,824
Intangible assets, fair value	6	6
Other assets	10,005	10,742
Commercial paper and other short-term borrowings, fair value	2,825	1,765
Securities sold under agreement to repurchase, fair value	594	612
Other secured financings, fair value	4,074	4,504
Other secured financings	11,688	12,085
Trading liabilities, at fair value	125,152	107,381
Other liabilities and accrued expenses	18,920	19,441
Long-term borrowings, fair value	$ 32,994	$ 31,774
Common stock par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	0	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common stock held in treasury, shares	0	0
Consolidated VIEs
Cash and due from banks	$ 10	$ 45
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	165	149
Trading assets, fair value	625	966
Other investments	387	467
Premises, equipment and software costs	187	191
Other assets	50	59
Other secured financings	299	348
Trading liabilities, at fair value	0	1
Other liabilities and accrued expenses	$ 3	$ 72

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Investment banking	$ 1,614	$ 1,633	$ 2,971	$ 2,941
Trading	2,973	2,516	6,623	5,478
Investments	261	227	527	586
Commissions and fees	1,158	1,138	2,344	2,354
Asset management, distribution and administration fees	2,742	2,621	5,423	5,170
Other	297	206	468	500
Total non-interest revenues	9,045	8,341	18,356	17,029
Interest income	1,386	1,250	2,870	2,593
Interest expense	688	983	1,576	2,018
Net interest	698	267	1,294	575
Net revenues	9,743	8,608	19,650	17,604
Non-interest expenses:
Compensation and benefits	4,405	4,200	8,929	8,506
Occupancy and equipment	351	358	693	719
Brokerage, clearing and exchange fees	487	458	950	901
Information processing and communications	438	411	853	835
Marketing and business development	179	165	329	312
Professional services	598	531	1,084	984
Other	558	553	1,230	1,045
Total non-interest expenses	7,016	6,676	14,068	13,302
Income from continuing operations before income taxes	2,727	1,932	5,582	4,302
Provision for income taxes	894	15	1,281	800
Income from continuing operations	1,833	1,917	4,301	3,502
Discontinued operations:
Income (loss) from discontinued operations before income taxes	(2)	(1)	(10)	(3)
Provision for (benefit from) income taxes	0	(1)	(3)	(2)
Income (loss) from discontinued operations	(2)	0	(7)	(1)
Net income	1,831	1,917	4,294	3,501
Net income applicable to nonredeemable noncontrolling interests	24	18	93	97
Net income applicable to Morgan Stanley	1,807	1,899	4,201	3,404
Preferred stock dividends and other	142	79	222	135
Earnings applicable to Morgan Stanley common shareholders	$ 1,665	$ 1,820	$ 3,979	$ 3,269
Earnings per basic common share:
Income from continuing operations	$ 0.87	$ 0.94	$ 2.07	$ 1.7
Income (loss) from discontinued operations	0	0	0	0
Earnings per basic common share	0.87	0.94	2.07	1.7
Earnings per diluted common share:
Income from continuing operations	0.85	0.92	2.03	1.66
Income (loss) from discontinued operations	0	0	0	0
Earnings per diluted common share	0.85	0.92	2.03	1.66
Dividends declared per common share	$ 0.15	$ 0.1	$ 0.25	$ 0.15
Average common shares outstanding:
Basic	1,919,087,127	1,928,250,328	1,921,604,663	1,926,260,244
Diluted	1,960,355,702	1,969,698,239	1,961,676,071	1,969,675,518

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements of Comprehensive Income
Net income		$ 1,831	$ 1,917	$ 4,294	$ 3,501
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	[1]	34	86	(188)	152
Amortization of cash flow hedges	[2]	0	1	1	2
Change in net unrealized gains (losses) on available for sale securities	[3]	(228)	162	(28)	236
Pension, postretirement and other related adjustments	[4]	(3)	4	(2)	6
Total other comprehensive income (loss)		(197)	253	(217)	396
Comprehensive income		1,634	2,170	4,077	3,897
Net income applicable to nonredeemable noncontrolling interests		24	18	93	97
Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests		(16)	18	(18)	36
Comprehensive income applicable to Morgan Stanley		1,626	2,134	4,002	3,764
Parenthetical Disclosures
Foreign currency translation adjustments, provision for (benefit from) income taxes		(54)	(56)	120	(112)
Amortization of cash flow hedges, provision for (benefit from) income taxes		1		1	1
Change in net unrealized gains (losses) on available for sale securities, provision for (benefit from) income taxes		(137)	112	(16)	162
Pension, postretirement and other related adjustments, provision for (benefit from) income taxes		$ (1)	$ 1	$ (1)	$ 2
[1]	Amounts include provision for (benefit from) income taxes of $ (54) million and $ (56) million for the quarters ended June 30, 2015 and 2014 , respectively, and $ 120 million and $( 112 ) million for the six months ended June 30, 2015 and 2014 , respectively.
[2]	Amounts include provision for income taxes of $ 1 million for the quarter ended June 30, 2015 and $ 1 million and $ 1 million for the six months ended June 30, 2015 and 2014 , respectively.
[3]	Amounts include provision for (benefit from ) income taxes of $ (137) million and $ 112 million for the quarters ended June 30, 2015 and 2014 , respectively, and $ (16) million and $ 162 million for the six months ended June 30, 2015 and 2014 , respectively.
[4]	Amounts include provision for (benefit from) income taxes of $ (1) million and $ 1 million for the quarters ended June 30, 2015 and 2014 , respectively, and $ (1) million and $ 2 million for the six months ended June 30, 2015 and 2014 , respectively.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 4,294	$ 3,501
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Income from equity method investments	(83)	(76)
Compensation payable in common stock and options	611	629
Depreciation and amortization	654	612
Net gain on sale of available for sale securities	(55)	(16)
Impairment charges	83	77
Provision (release) for credit losses on lending activities	38	15
Other operating activities	37	(131)
Changes in assets and liabilities:
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	6,955	(5,510)
Trading assets, net of Trading liabilities	25,115	26,647
Securities borrowed	(7,261)	(17,759)
Securities loaned	(2,068)	(1,991)
Customer and other receivables and other assets	(7,556)	2,904
Customer and other payables and other liabilities	(1,482)	21,972
Securities purchased under agreements to resell	(23,472)	9,174
Securities sold under agreements to repurchase	(4,263)	(34,221)
Net cash provided by (used for) operating activities	(8,453)	5,827
Proceeds from (payments for):
Premises, equipment and software, net	(620)	(413)
Business dispositions, net of cash disposed	0	167
Loans
Purchases, net of proceeds from sales	(221)	(679)
Originations, net of repayments	8,861	11,119
Investment securities:
Purchases	(26,832)	(19,329)
Proceeds from sales	26,501	5,499
Proceeds from paydowns and maturities	2,796	2,153
Other investing activities	(97)	(388)
Net cash provided by (used for) investing activities	(7,334)	(24,109)
Net proceeds from (payments for):
Short-term borrowings	861	(359)
Nonredeemable noncontrolling interests	(60)	(189)
Other secured financings	(280)	194
Deposits	5,659	5,316
Proceeds from:
Excess tax benefits associated with stock-based awards	176	85
Derivatives financing activities	312	360
Issuance of preferred stock, net of issuance costs	1,493	1,788
Issuance of long-term borrowings	22,909	14,825
Payments for:
Long-term borrowings	(12,963)	(21,342)
Derivatives financing activities	(257)	(170)
Repurchases of common stock and employee tax withholdings	1,473	(964)
Cash dividends	(673)	(387)
Net cash provided by (used for) financing activities	15,704	(843)
Effect of exchange rate changes on cash and cash equivalents	(542)	127
Net decrease in cash and cash equivalents	(625)	(18,998)
Cash and cash equivalents, at beginning of period	46,984	59,883
Cash and cash equivalents, at end of period	46,359	40,885
Cash and cash equivalents include:
Cash and due from banks	19,145	18,863
Interest bearing deposits with banks	27,214	22,022
Cash and cash equivalents, at end of period	46,359	40,885
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	1,027	1,162
Cash payments for income taxes	$ 342	$ 374

Consolidated Statements of Chan

Consolidated Statements 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	Non-Redeemable Non-controlling Interests
BALANCE AT at Dec. 31, 2013	$ 69,030	$ 3,220	$ 20	$ 24,570	$ 42,172	$ 1,718	$ (1,093)	$ (2,968)	$ (1,718)	$ 3,109
Net income applicable to Morgan Stanley	3,404				3,404
Net income applicable to nonredeemable noncontrolling interest	97									97
Dividends	(431)				(431)
Shares issued under employee plans and related tax effects	677			(950)		429		1,627	(429)
Repurchases of common stock and employee tax withholdings	(964)							(964)
Net change in Accumulated other comprehensive income	396						360			36
Issuance of preferred stock	1,788	1,800		(12)
Deconsolidation of certain legal entities associated with a real estate fund	(1,606)									(1,606)
Other net increases (decreases)	(190)									(190)
BALANCE AT at Jun. 30, 2014	72,201	5,020	20	23,608	45,145	2,147	(733)	(2,305)	(2,147)	1,446
BALANCE AT at Dec. 31, 2014	72,104	6,020	20	24,249	44,625	2,127	(1,248)	(2,766)	(2,127)	1,204
Net income applicable to Morgan Stanley	4,201				4,201
Net income applicable to nonredeemable noncontrolling interest	93									93
Dividends	(720)				(720)
Shares issued under employee plans and related tax effects	846			(577)		314		1,423	(314)
Repurchases of common stock and employee tax withholdings	1,473							(1,473)
Net change in Accumulated other comprehensive income	(217)						(199)			(18)
Issuance of preferred stock	1,493	1,500		(7)
Deconsolidation of certain legal entities associated with a real estate fund	(191)									(191)
Other net increases (decreases)	(69)			(10)						(59)
BALANCE AT at Jun. 30, 2015	$ 76,067	$ 7,520	$ 20	$ 23,655	$ 48,106	$ 2,441	$ (1,447)	$ (2,816)	$ (2,441)	$ 1,029

Introduction and Basis of Prese

Introduction and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Introduction and Basis of Presentation [Abstract]
Introduction And Basis Of Presentation	1. Introduction and Basis of Presentation. The Company. Morgan Stanley, a financial holding company, 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 “Company” mean Morgan Stanley (the “Parent”) together with its consolidated subsidiaries. For a summary of the activities of each of the Company’s bus iness segments, see Note 1 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”). Global Oil Merchanting Business. As a result of entering into a definitive agre ement to sell the global oil merchanting unit of the commodities division to Castleton Commodities International LLC, on May 11, 2015, the Company recognized an impairment charge of $ 59 million in Other revenues during the quarter and six months ended June 30, 2015, to reduce the carrying amount of the unit to its estimated fair value less costs to sell. The transaction does not meet the criteria for discontinued operations and is not expected to have a material impact on the Company’s financial results. Th e Company expects to close the transaction during the second half of 2015 (see Note 3). CanTerm . On March 27, 2014, the Company completed the sale of Canterm Canadian Terminals Inc. (“ CanTerm ”), a public storage terminal operator for refined products w ith two distribution terminals in Canada. As a result of the Company’s level of continuing involvement with CanTerm , the results of CanTerm are reported as a component of continuing operations within the Company’s Institutional Securities business segment for all periods presented. The gain on sale was approximately $ 45 million and is included in the condensed consolidated statement of income for the six months ended June 30, 2014. Basis of Financial Information. The Company’s condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) , which require the Company to make estimates and assumptions regarding the valuations of certain financial instruments, the valuation of goodwill and intangible assets, compensation, deferred tax assets, the outcome of legal and tax matters, allowance for credit losses and other matters tha t affect its condensed consolidated financial statements and related disclosures. The Company believes that the estimates utilized in the preparation of its condensed consolidated financial statements are prudent and reasonable. Actual results could differ materially from these estimates. Intercompany balances and transactions have been eliminated. The condensed consolidated financial statements do not include all of the information and notes required by U.S. GAAP for complete financial statements and sho uld be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the 2014 Form 10-K. The condensed consolidated 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 condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and other entities in which the Company has a controlling financial interest, including certain variable interest entities (“VIE”) (see Note 6). For consolidated subsidiaries that are less than 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 (loss) applicable to nonred eemable noncontrolling interests in the Company’s condensed consolidated statements of income. The portion of shareholders’ equity of such subsidiaries that is attributable to noncontrolling interests for such subsidiaries is presented as Nonredeemable non controlling interests, a component of total equity, in the Company’s condensed consolidated statements of financial condition. For a discussion of the Company’s VIEs and its significant regulated U.S. and international subsidiaries, see Note 1 to the co nsolidated financial statements in the 2014 Form 10-K. Income Statement Presentation. The Company, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, inc luding corporations, governments , financial institutions and individuals . In connection with the delivery of the various products and services to clients, the Company manages its revenues and related expenses in the aggregate. As such, when assessing the p erformance of its businesses, primarily in its Institutional Securities business segment, the Company considers its trading, investment banking, commissions and fees , and interest income, along with the associated interest expense, as one integrated activi ty.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies. For a detailed discussion about the Company’s significant accounting policies, see Note 2 to the consolidated financial statements in the 2014 Form 10-K. During the quarter and six months ended June 30, 2015 , other than the following, there were no significant updates made to the Company’s significant accounting policies. Accounting Standards Adopted. Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In June 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting update requiring repurchase-to-maturity transactions be accounted for as secured borrowings consistent with the accounting for other repurchase agreements. This accounting update also requires s eparate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty (a repurchase financing), which will result in secured borrowing accounting for the repurchase agreement. This guidance became effective for the Company beginning January 1, 2015. In addition, new disclosures are required for sales of financial assets where the Company retains substantially all the exposure throughout the term and for the collateral pledged and remaining m aturity of repurchase and securities lending agreements, which were effective January 1, 2015, and April 1, 2015, respectively. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. For f urther information on the adoption of this guidance, see Notes 5 and 6. Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). In May 2015, the FASB issued an accounting update that removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured at net asset value (“NAV”) per share, or its equivalent using the practical expedient . The Company adopted this guidance retrospectively during the second quart er of 2015, as early adoption is permitted. For further information on the adoption of this guidance, see Note 3. Condensed Consolidated Statements of Cash Flows. In the second quarter of 2015, the Company deconsolidated approximately $ 191 million in net assets previously attributable to nonredeemable noncontrolling interests that were related to a real estate fund sponsored by the Company. The deconsolidation resulted in a non-cash reduction of assets of $ 169 million. In the second quarter of 2014, th e Company deconsolidated approximately $ 1.6 billion in net assets previously attributable to nonredeemable noncontrolling interests related to certain legal entities associated with another real estate fund sponsored by the Company. The deconsolidation res ulted in a non-cash reduction of assets of $ 1.3 billion.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures
Fair Value Disclosures	3. Fair Value Disclosures. Fair Value Measurements. For a description of the valuation techniques applied to the Company’s major categories of assets and liabilities measured at fair value on a recurring basis , see Note 4 to the consolidated financial statements in the 2014 Form 10-K. The following fair value hierarchy tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014 . Assets and Liabilities Measured at Fair Value on a Recurring Basis at June 30, 2015. Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 16,664 $ — $ — $ — $ 16,664 U.S. agency securities 1,331 16,793 3 — 18,127 Total U.S. government and agency securities 17,995 16,793 3 — 34,791 Other sovereign government obligations 17,317 9,023 12 — 26,352 Corporate and other debt: State and municipal securities — 1,987 7 — 1,994 Residential mortgage-backed securities — 2,118 378 — 2,496 Commercial mortgage-backed securities — 1,319 84 — 1,403 Asset-backed securities — 839 19 — 858 Corporate bonds — 14,321 479 — 14,800 Collateralized debt and loan obligations — 362 660 — 1,022 Loans and lending commitments — 6,595 5,512 — 12,107 Other debt — 2,168 564 — 2,732 Total corporate and other debt — 29,709 7,703 — 37,412 Corporate equities(1) 109,680 1,045 486 — 111,211 Derivative and other contracts: Interest rate contracts 827 352,457 2,211 — 355,495 Credit contracts — 24,053 886 — 24,939 Foreign exchange contracts 60 63,005 492 — 63,557 Equity contracts 633 47,745 1,121 — 49,499 Commodity contracts 3,380 11,427 3,145 — 17,952 Other — 145 — — 145 Netting(2) (4,515) (416,622) (4,211) (53,700) (479,048) Total derivative and other contracts 385 82,210 3,644 (53,700) 32,539 Investments: Investments measured at NAV(3) 4,534 Principal investments 57 25 581 — 663 Other 193 222 300 — 715 Total investments 250 247 881 — 5,912 Physical commodities — 2,062 — — 2,062 Total trading assets 145,627 141,089 12,729 (53,700) 250,279 AFS securities 28,478 35,231 — — 63,709 Securities received as collateral 15,480 9 3 — 15,492 Securities purchased under agreements to resell — 810 — — 810 Intangible assets(4) — — 6 — 6 Total assets measured at fair value $ 189,585 $ 177,139 $ 12,738 $ (53,700) $ 330,296 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at June 30, 2015 (dollars in millions) Liabilities at Fair Value Short-term borrowings $ — $ 2,825 $ — $ — $ 2,825 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 15,679 — — — 15,679 U.S. agency securities 1,111 179 — — 1,290 Total U.S. government and agency securities 16,790 179 — — 16,969 Other sovereign government obligations 18,040 2,353 — — 20,393 Corporate and other debt: State and municipal securities — 2 — — 2 Corporate bonds — 5,906 15 — 5,921 Unfunded lending commitments — 6 — — 6 Other debt — 4 4 — 8 Total corporate and other debt — 5,918 19 — 5,937 Corporate equities(1) 42,192 1,577 112 — 43,881 Derivative and other contracts: Interest rate contracts 766 330,343 2,447 — 333,556 Credit contracts — 23,178 1,875 — 25,053 Foreign exchange contracts 12 66,247 46 — 66,305 Equity contracts 490 54,568 3,223 — 58,281 Commodity contracts 3,811 11,448 1,940 — 17,199 Other — 169 — — 169 Netting(2) (4,515) (416,622) (4,211) (37,243) (462,591) Total derivative and other contracts 564 69,331 5,320 (37,243) 37,972 Total trading liabilities 77,586 79,358 5,451 (37,243) 125,152 Obligation to return securities received as collateral 23,237 10 3 — 23,250 Securities sold under agreements to repurchase — 440 154 — 594 Other secured financings — 3,906 168 — 4,074 Long-term borrowings — 30,773 2,221 — 32,994 Total liabilities measured at fair value $ 100,823 $ 117,312 $ 7,997 $ (37,243) $ 188,889 _____________ AFS—available for sale (1) The Company holds or sells short for trading purposes equity securities issued by entities in diverse industries and of varying size. (2) 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 “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the s ame level is included within that level. For further information on derivative instruments and hedging activities, see Note 10. (3) Certain investments that are measured at fair value using the NAV per share , or its equivalent , are not classified in th e fair value hierarchy. For additional disclosure about such investments, see “Fair Value of Investments that are Measured at Net Asset Value” herein. (4) Amount represents mortgage servicing rights (“MSRs”) accounted for at fair value. Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at December 31, 2014 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 16,961 $ — $ — $ — $ 16,961 U.S. agency securities 850 18,193 — — 19,043 Total U.S. government and agency securities 17,811 18,193 — — 36,004 Other sovereign government obligations 15,149 7,888 41 — 23,078 Corporate and other debt: State and municipal securities — 2,049 — — 2,049 Residential mortgage-backed securities — 1,991 175 — 2,166 Commercial mortgage-backed securities — 1,484 96 — 1,580 Asset-backed securities — 583 76 — 659 Corporate bonds — 15,800 386 — 16,186 Collateralized debt and loan obligations — 741 1,152 — 1,893 Loans and lending commitments — 6,088 5,874 — 11,962 Other debt — 2,167 285 — 2,452 Total corporate and other debt — 30,903 8,044 — 38,947 Corporate equities(1) 112,490 1,357 272 — 114,119 Derivative and other contracts: Interest rate contracts 663 495,026 2,484 — 498,173 Credit contracts — 30,813 1,369 — 32,182 Foreign exchange contracts 83 72,769 249 — 73,101 Equity contracts(2) 571 45,967 1,586 — 48,124 Commodity contracts 4,105 18,042 2,268 — 24,415 Other — 376 — — 376 Netting(3) (4,910) (564,127) (4,220) (66,720) (639,977) Total derivative and other contracts 512 98,866 3,736 (66,720) 36,394 Investments: Investments measured at NAV(4) 5,009 Principal investments 58 3 835 — 896 Other 225 198 323 — 746 Total investments 283 201 1,158 — 6,651 Physical commodities — 1,608 — — 1,608 Total trading assets 146,245 159,016 13,251 (66,720) 256,801 AFS securities 37,200 32,016 — — 69,216 Securities received as collateral 21,265 51 — — 21,316 Securities purchased under agreements to resell — 1,113 — — 1,113 Intangible assets(5) — — 6 — 6 Total assets measured at fair value $ 204,710 $ 192,196 $ 13,257 $ (66,720) $ 348,452 Liabilities at Fair Value Short-term borrowings $ — 1,765 $ — $ — $ 1,765 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 14,199 — — — 14,199 U.S. agency securities 1,274 85 — — 1,359 Total U.S. government and agency securities 15,473 85 — — 15,558 Other sovereign government obligations 11,653 2,109 — — 13,762 Corporate and other debt: State and municipal securities — 1 — — 1 Corporate bonds — 5,943 78 — 6,021 Unfunded lending commitments — 10 5 — 15 Other debt — 63 38 — 101 Total corporate and other debt — 6,017 121 — 6,138 Corporate equities(1) 31,340 326 45 — 31,711 Derivative and other contracts: Interest rate contracts 602 469,319 2,657 — 472,578 Credit contracts — 29,997 2,112 — 32,109 Foreign exchange contracts 21 72,233 98 — 72,352 Equity contracts(2) 416 51,405 3,751 — 55,572 Commodity contracts 4,817 15,584 1,122 — 21,523 Other — 172 — — 172 Netting(3) (4,910) (564,127) (4,220) (40,837) (614,094) Total derivative and other contracts 946 74,583 5,520 (40,837) 40,212 Total trading liabilities 59,412 83,120 5,686 (40,837) 107,381 Obligation to return securities received as collateral 25,629 56 — — 25,685 Securities sold under agreements to repurchase — 459 153 — 612 Other secured financings — 4,355 149 — 4,504 Long-term borrowings — 29,840 1,934 — 31,774 Total liabilities measured at fair value $ 85,041 $ 119,595 $ 7,922 $ (40,837) $ 171,721 _____________ (1 ) The Company holds or sells short for trading purposes equity securities issued by entities in diverse industries and of varying size. (2) Level 3 asset derivative equity contracts increased by $ 57 million with a corresponding decrease in the balance of Level 2 asset derivative equity contracts, and the balance of Level 3 liability derivative equity contracts increased by $ 842 million with a corresponding decrease in the balance of Level 2 liability derivative equity contracts to correct the fair value level assigned to these contracts at December 31, 2014. The total amount of asset and liability derivative equity contracts remained unchanged. (3) 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 “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the same level is included within that level. For further information on derivative instruments and hedging activities, see Note 10. (4) Certain investments that are measured at fair value using the NAV per share, or its equivalent , are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Fair Value of Investments that are Measured at Net Asset Value” herein. (5) Amount represents MSRs accounted for at fair value. Level 3 Assets and Li abilities Measured at Fair Value on a Recurring Basis. The following tables present additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters and six months ended June 30, 2015 and 2014 , respec tively . Level 3 instruments may be hedged with instruments classified in Level 1 and Level 2. As a result, the realized and unrealized gains (losses) for assets and liabilities within the Level 3 category presented in the tables below do not reflect the re lated realized and unrealized gains (losses) on hedging instruments that have been classified by the Company within the Level 1 and/or Level 2 categories. Additionally, both observable and unobservable inputs may be used to determine the fair value of po sitions that the Company has classified within the Level 3 category. As a result, the unrealized gains (losses) during the period for assets and liabilities within the Level 3 category presented in the tables below may include changes in fair value during the period that were attributable to both observable ( e.g. , changes in market interest rates) and unobservable ( e.g. , changes in unobservable long-dated volatilities) inputs. For assets and liabilities that were transferred into Level 3 during the period, gains (losses) are presented as if the assets or liabilities had been transferred into Level 3 at the beginning of the period; similarly, for assets and liabilities that were transferred out of Level 3 during the period, gains (losses) are presented as if the assets or liabilities had been transferred out at the beginning of the period. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Quarter Ended June 30, 2015 Beginning Balance at March 31, 2015 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015(2) (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ — $ (3) $ — $ — $ 6 $ 3 $ — Other sovereign government obligations 11 — 5 (1) — — (3) 12 — Corporate and other debt: State and municipal securities — 1 4 (9) — — 11 7 1 Residential mortgage-backed securities 296 2 138 (32) — — (26) 378 2 Commercial mortgage-backed securities 180 (4) 5 (9) — — (88) 84 (5) Asset-backed securities 67 5 11 (64) — — — 19 1 Corporate bonds 424 (4) 228 (150) — (2) (17) 479 (16) Collateralized debt and loan obligations 822 68 300 (439) — (78) (13) 660 (10) Loans and lending commitments 4,789 31 1,615 (351) — (491) (81) 5,512 26 Other debt 486 (1) 130 (51) — — — 564 (1) Total corporate and other debt 7,064 98 2,431 (1,105) — (571) (214) 7,703 (2) Corporate equities 230 38 266 (92) — — 44 486 26 Net derivative and other contracts(3): Interest rate contracts (496) 95 4 — (13) 14 160 (236) 135 Credit contracts (984) (24) 4 — (24) 23 16 (989) (29) Foreign exchange contracts 297 57 — — (1) 43 50 446 82 Equity contracts (2,472) (23) 39 — (54) 206 202 (2,102) (161) Commodity contracts 1,345 4 2 — (112) (34) — 1,205 (27) Total net derivative and other contracts (2,310) 109 49 — (204) 252 428 (1,676) — Investments: Principal investments 829 (21) 5 (12) — (205) (15) 581 (21) Other 391 (4) — — — — (87) 300 — Securities received as collateral 33 — — (30) — — — 3 — Intangible assets 5 1 — — — — — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 23 $ — $ (21) $ 15 $ — $ — $ (2) $ 15 $ — Other debt 23 — — 10 — (29) — 4 — Total corporate and other debt 46 — (21) 25 — (29) (2) 19 — Corporate equities 50 240 (49) 2 — — 349 112 240 Obligation to return securities received as collateral 33 — (30) — — — — 3 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 133 2 — — 37 — — 168 2 Long-term borrowings 1,738 51 — — 549 (88) 73 2,221 51 ___________________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the condensed consolidated statements of income except for $ (25) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2015 related to assets and liabilities still outstanding at June 30, 2015 . (3) Net derivative and other contracts repres ent Trading assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Six Months Ended June 30, 2015 Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015(2) (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ — $ — $ — $ — $ 3 $ — Other sovereign government obligations 41 1 6 (32) — — (4) 12 1 Corporate and other debt: State and municipal securities — 1 4 — — — 2 7 1 Residential mortgage-backed securities 175 21 163 (51) — — 70 378 12 Commercial mortgage-backed securities 96 (6) 16 (22) — — — 84 (9) Asset-backed securities 76 (4) 11 (29) — — (35) 19 2 Corporate bonds 386 10 213 (126) — (1) (3) 479 9 Collateralized debt and loan obligations 1,152 145 404 (682) — (331) (28) 660 (6) Loans and lending commitments 5,874 35 2,082 (209) — (2,078) (192) 5,512 30 Other debt 285 (8) 12 — — (1) 276 564 6 Total corporate and other debt 8,044 194 2,905 (1,119) — (2,411) 90 7,703 45 Corporate equities 272 64 260 (147) — — 37 486 49 Net derivative and other contracts(3): Interest rate contracts (173) 188 9 — (20) 124 (364) (236) 197 Credit contracts (743) (276) 17 — (54) 31 36 (989) (284) Foreign exchange contracts 151 121 — — (1) 144 31 446 120 Equity contracts(4) (2,165) (73) 69 — (225) 156 136 (2,102) (160) Commodity contracts 1,146 299 3 — (112) (72) (59) 1,205 234 Total net derivative and other contracts (1,784) 259 98 — (412) 383 (220) (1,676) 107 Investments: Principal investments 835 (4) 15 (46) — (205) (14) 581 (26) Other 323 (16) 2 (6) — — (3) 300 (12) Securities received as collateral — — 3 — — — — 3 — Intangible assets 6 1 — — — (1) — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (2) $ (12) $ 14 $ — $ — $ (67) $ 15 $ (2) Unfunded lending commitments 5 5 — — — — — — 5 Other debt 38 — — 6 — (39) (1) 4 — Total corporate and other debt 121 3 (12) 20 — (39) (68) 19 3 Corporate equities 45 19 (75) 25 — — 136 112 20 Obligation to return securities received as collateral — — — 3 — — — 3 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (6) — — 37 (24) — 168 2 Long-term borrowings 1,934 65 — — 612 (300) 40 2,221 59 ___________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the Company’s condensed consolidated statements of income except for $ (20) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2015 related to assets and liabilities still outstanding at June 30, 2015 . (3) Net derivative and other contracts repres ent Trading assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. (4 ) Net liability Level 3 derivative equity contrac ts increased by $ 785 million to correct the fair value level assigned to these contracts at December 31, 2014. The total amount of derivative equity contracts remained unchanged at December 31, 2014. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Quarter Ended June 30, 2014 Beginning Balance at March 31, 2014 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2014 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2014(2) (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 8 $ — $ 7 $ (2) $ — $ — $ 1 $ 14 $ — Corporate and other debt: State and municipal securities — — 4 — — — — 4 — Residential mortgage-backed securities 51 10 1 (7) — — — 55 8 Commercial mortgage-backed securities 80 5 14 (52) — — — 47 (1) Asset-backed securities 146 — 28 (115) — — 6 65 — Corporate bonds 538 64 100 (223) — — 31 510 42 Collateralized debt obligations 1,293 79 497 (534) — (27) 24 1,332 32 Loans and lending commitments 4,988 146 1,505 (423) — (304) (83) 5,829 188 Other debt 31 2 8 (17) — (2) — 22 2 Total corporate and other debt 7,127 306 2,157 (1,371) — (333) (22) 7,864 271 Corporate equities 263 16 68 (29) — — (75) 243 11 Net derivative and other contracts(3): Interest rate contracts (121) (64) 1 — — 77 (2) (109) (25) Credit contracts (231) (362) 8 — (8) (157) 40 (710) (357) Foreign exchange contracts 52 21 3 (1) — 30 4 109 21 Equity contracts (1,099) 3 29 (1) (32) (102) 105 (1,097) (25) Commodity contracts 1,074 (43) 108 — — (7) — 1,132 (55) Other (1) (1) — — — (1) — (3) (1) Total net derivative and other contracts (326) (446) 149 (2) (40) (160) 147 (678) (442) Investments: Principal investments 2,193 (14) 16 (72) — (1,234) (6) 883 65 Other 521 2 2 (10) — — (135) 380 9 Securities received as collateral 3 — — — — (3) — — — Intangible assets 7 (1) — — — — — 6 (1) Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 3 $ (1) $ (4) $ 13 $ — $ — $ 1 $ 14 $ — Unfunded lending commitments 6 (5) — 1 — — — 12 (5) Other debt 68 11 — 5 — (20) — 42 2 Total corporate and other debt 77 5 (4) 19 — (20) 1 68 (3) Corporate equities 10 (1) (21) 17 — — (1) 6 — Obligation to return securities received as collateral 3 — — — — — (3) — — Securities sold under agreements to repurchase 154 (1) — — — — — 155 (1) Other secured financings 275 (5) — — 17 (178) 16 135 (4) Long-term borrowings 1,878 (50) — — 160 (89) (220) 1,779 (50) ___________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the condensed consolidated statements of income except for $ (12) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2014 related to assets and liabilities still outstanding at June 30, 2014 . (3) Net derivative and other contracts represent Trad ing assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Six Months Ended June 30, 2014 Beginning Balance at December 31, 2013 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2014 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2014(2) (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 27 $ — $ 8 $ (21) $ — $ — $ — $ 14 $ — Corporate and other debt: State and municipal securities — — 4 — — — — 4 — Residential mortgage-backed securities 47 13 1 (5) — — (1) 55 9 Commercial mortgage-backed securities 108 13 23 (97) — — — 47 (1) Asset-backed securities 103 (4) 30 (88) — — 24 65 — Corporate bonds 522 96 169 (304) — — 27 510 68 Collateralized debt and loan obligations 1,468 134 658 (886) — (72) 30 1,332 52 Loans and lending commitments 5,129 (137) 1,770 (343) — (634) 44 5,829 (117) Other debt 27 2 8 (18) — — 3 22 1 Total corporate and other debt 7,404 117 2,663 (1,741) — (706) 127 7,864 12 Corporate equities 190 18 79 (38) — — (6) 243 14 Net derivative and other contracts(3): Interest rate contracts 113 (141) 1 — — (46) (36) (109) (130) Credit contracts (147) (576) 45 — (62) 47 (17) (710) (582) Foreign exchange contracts 68 14 4 (1) — 38 (14) 109 15 Equity contracts (831) (15) 175 (2) (218) (280) 74 (1,097) (58) Commodity contracts 880 121 164 — — (33) — 1,132 98 Other (4) (3) — — — 4 — (3) (3) Total net derivative and other contracts 79 (600) 389 (3) (280) (270) 7 (678) (660) Investments: Principal investments 2,160 47 16 (84) — (1,234) (22) 883 128 Other 538 (10) 13 (21) — — (140) 380 (3) Intangible assets 8 (1) — — — (1) — 6 (1) Liabilities at Fair Value Short-term borrowings $ 1 $ — $ — $ — $ — $ (1) $ — $ — $ — Trading liabilities: Corporate and other debt: Corporate bonds 22 1 (50) 47 — — (4) 14 — Unfunded lending commitments 2 (9) — 1 — — — 12 (9) Other debt 48 10 — — — 3 1 42 1 Total corporate and other debt 72 2 (50) 48 — 3 (3) 68 (8) Corporate equities 8 (1) (22) 15 — — 4 6 (1) Securities sold under agreements to repurchase 154 (1) — — — — — 155 (1) Other secured financings 278 (9) — — 18 (186) 16 135 (5) Long-term borrowings 1,887 (80) — — 359 (233) (314) 1,779 (81) __________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the Company’s condensed consolidated statements of income except for $ 37 million related to Trading assets—I nvestments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2014 related to assets and liabilities still outstanding at June 30, 2014 . (3) Net derivative and other cont racts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. Quantitative Information about and Sensitivity of Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements at June 30, 2015 and December 31, 2014 . The disclosures below provide information on the valuation techniques, significant unobservable inputs , and their ranges and averages for each major category of assets and liabilities measured at fair value on a recurring basis with a significant Level 3 balance. The level of aggregation and breadth of products cause the rang e of inputs to be wide and not evenly distributed across the inventory. 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. Th e following disclosures also include qualitative info rmation on the sensitivity of the fair value measurements to changes in the significant unobservable inputs . Balance at June 30, 2015 Valuations Technique(s) / Significant Unobservable Input(s) / Sensitivity of the Fair Value to Changes in the Unobservable Inputs Range(1) Averages(2) (dollars in millions) Assets Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 378 Comparable pricing: Comparable bond price / (A) 0 to 82 points 41 points Commercial mortgage-backed securities 84 Comparable pricing: Comparable bond price / (A) 0 to 10 points 1 points Corporate bonds 479 Comparable pricing: Comparable bond price / (A) 3 to 125 points 61 points Collateralized debt and loan obligations 660 Comparable pricing(3): Comparable bond price / (A) 55 to 104 points 82 points Correlation model: Credit correlation / (B) 42% to 61% 53% Loans and lending commitments 5,512 Corporate loan model: Credit spread / (C) 127 to 706 basis points 464 basis points Margin loan model: Credit spread / (C)(D) 82 to 513 basis points 157 basis points Volatility skew / (C)(D) 18% to 57% 25% Discount rate / (C)(D) 2% to 3% 3% Option model: Volatility skew / (C) 0% 0% Comparable pricing(3): Comparable loan price / (A) 39 to 104 points 89 points Other debt 564 Comparable pricing: Comparable loan price / (A) 3 to 81 points 64 points Comparable pricing: Comparable bond price / (A) 11 points 11 points Option model: At the money volatility / (A) 15% to 54% 16% Margin loan model(3): Discount rate / (C) 0% to 5% 2% Corporate equities 486 Net asset value: Discount to net asset value / (C) 0% to 71% 36% Comparable pricing: Comparable price / (A) 7% to 91% 79% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A)(D) 8 to 10 times 9 times Price / Book ratio / (A)(D) 0 times 0 times Net derivative and other contracts(4): Interest rate contracts (236) Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 43% (5) Interest rate volatility skew / (A)(D) 32% to 106% 49% / 52% (5) Interest rate quanto correlation / (A)(D) -14% to 35% 2% / -8% (5) Interest rate curve correlation / (C)(D) 12% to 95% 60% / 73% (5) Inflation volatility / (A)(D) 61% 61% / 61% (5) Interest rate - Inflation correlation / (A)(D) -40% to -39% -39% / -39% (5) Credit contracts (989) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 9 points Comparable bond price / (C)(D) 0 to 65 points 20 points Correlation model(3): Credit correlation / (B) 41% to 99% 63% Foreign exchange contracts(6) 446 Option model: Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 43% (5) Interest rate volatility skew / (A)(D) 32% to 106% 49% / 52% (5) Interest rate curve / (A)(D) 0% to 1% 0% / 0% (5) Equity contracts(6) (2,102) Option model: At the money volatility / (A)(D) 6% to 54% 31% Volatility skew / (A)(D) -3% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 99% 69% Equity - Foreign exchange correlation / (C)(D) -50% to 10% -24% Equity - Interest rate correlation / (C)(D) -22% to 71% 19% / 4% (5) Commodity contracts 1,205 Option model: Forward power price / (C)(D) $6 to $101 per $35 per Megawatt hour Megawatt hour Commodity volatility / (A)(D) 10% to 75% 18% Cross commodity correlation / (C)(D) 33% to 100% 93% Investments: Principal investments 581 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 12% 12% Exit multiple / (A)(D) 10 times 10 times Capitalization rate / (C)(D) 5 to 10 % 6% Equity discount rate / (C)(D) 18% to 35% 21% Market approach(3): EBITDA multiple / (A)(D) 8 to 15 times 11 times Price / Earnings ratio / (A)(D) 30 times 30 times Forward capacity price / (A)(D) $5 to $7 $7 Comparable pricing: Comparable equity price / (A) 100% 100% Other 300 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 10% 10% Exit multiple / (A)(D) 11 times 11 times Market approach: EBITDA multiple / (A)(D) 8 to 13 times 10 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities Trading liabilities: Corporate equities $ 112 Comparable pricing: Comparable equity price / (A) 55 % 55% Securities sold under agreements to repurchase 154 Discounted cash flow: Funding spread / (A) 75 to 98 basis points 89 basis points Other secured financings 168 Comparable pricing: Comparable bond price / (A) 100 points 100 points Comparable pricing: Comparable bond price / (C) 0 to 15 points 8 points Discounted cash flow: Discount rate / (C) 16 % 16% Discounted cash flow(3): Funding spread / (A) 88 to 109 basis points 98 basis points Long-term borrowings 2,221 Option model(3): At the money volatility / (C)(D) 20% to 35% 29% Volatility skew / (C)(D) -1% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 90% 66% Equity - Foreign exchange correlation / (C)(D) -70% to 35% -34% Option model: Equity alpha / (A) 33% to 85% 73% Correlation model: Credit correlation / (B) 44% to 60% 45% Valuation Technique(s) / Balance at Significant Unobservable Input(s) / December 31, Sensitivity of the Fair Value to Changes 2014 in the Unobservable Inputs Range(1) Averages(2) Assets (dollars in millions) Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 175 Comparable pricing: Comparable bond price / (A) 3 to 90 points 15 points Commercial mortgage-backed securities 96 Comparable pricing: Comparable bond price / (A) 0 to 7 points 1 points Asset-backed securities 76 Comparable pricing: Comparable bond price / (A) 0 to 62 points 23 points Corporate bonds 386 Comparable pricing: Comparable bond price / (A) 1 to 160 points 90 points Collateralized debt and loan obligations 1,152 Comparable pricing(3): Comparable bond price / (A) 20 to 100 points 66 points Correlation model: Credit correlation / (B) 47% to 65% 56% Loans and lending commitments 5,874 Corporate loan model: Credit spread / (C) 36 to 753 basis points 373 basis points Margin loan model: Credit spread / (C)(D) 150 to 451 basis points 216 basis points Volatility skew / (C)(D) 3% to 37% 21% Discount rate / (C)(D) 2% to 3% 3% Option model: Volatility skew / (C) -1% -1% Comparable pricing(3): Comparable loan price / (A) 15 to 105 points 89 points Other debt 285 Comparable pricing(3): Comparable loan price / (A) 0 to 75 points 39 points Comparable pricing: Comparable bond price / (A) 15 points 15 points Option model: At the money volatility / (A) 15% to 54% 15% Corporate equities 272 Net asset value: Discount to net asset value / (C) 0% to 71% 36% Comparable pricing: Comparable price / (A) 83% to 96% 85% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A)(D) 6 to 9 times 8 times Price / Book ratio / (A)(D) 0 times 0 times Net derivative and other contracts(4): Interest rate contracts (173) Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 42%(5) Interest rate volatility skew / (A)(D) 38% to 104% 86% / 60%(5) Interest rate quanto correlation / (A)(D) -9% to 35% 6% / -6%(5) Interest rate curve correlation / (A)(D) 44% to 87% 73% / 80%(5) Inflation volatility / (A)(D) 69% to 71% 70% / 71%(5) Interest rate - Inflation correlation / (A)(D) -44% to -40% -42% / -43%(5) Credit contracts (743) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 13 points 9 points Comparable bond price / (C)(D) 0 to 55 points 18 points Correlation model(3): Credit correlation / (B) 42% to 95% 63% Foreign exchange contracts(6) 151 Option model: Interest rate quanto correlation / (A)(D) -9% to 35% 6% / -6%(5) Interest rate - Credit spread correlation / (A)(D) -54% to -

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2015
Investment securities:
Investment Securities	4. Investment Securities. The following tables present information about the Company’s AFS securities, which are carried at fair value, and HTM securities, which are carried at amortized cost. The net unrealized gains or losses on AFS securities are reported on an after-tax basis as a component of Accumulated other comprehensive income (loss) (“AOCI”). At June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Other-than-Temporary Impairment Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 26,093 $ 71 $ 62 $ — $ 26,102 U.S. agency securities(1) 22,040 72 160 — 21,952 Total U.S. government and agency securities 48,133 143 222 — 48,054 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,102 2 61 — 2,043 Non-agency 2,163 12 10 — 2,165 Auto loan asset-backed securities 2,707 1 2 — 2,706 Corporate bonds 3,798 9 18 — 3,789 Collateralized loan obligations 962 — 12 — 950 FFELP student loan asset-backed securities(2) 3,994 13 16 — 3,991 Total corporate and other debt 15,726 37 119 — 15,644 Total AFS debt securities 63,859 180 341 — 63,698 AFS equity securities 15 — 4 — 11 Total AFS securities 63,874 180 345 — 63,709 HTM securities: U.S. government securities: U.S. Treasury securities 702 1 — — 703 U.S. agency securities(1) 1,721 — 27 — 1,694 Total HTM securities 2,423 1 27 — 2,397 Total Investment securities $ 66,297 $ 181 $ 372 $ — $ 66,106 At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Other-than-Temporary Impairment Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 35,855 $ 42 $ 67 $ — $ 35,830 U.S. agency securities(1) 18,030 77 72 — 18,035 Total U.S. government and agency securities 53,885 119 139 — 53,865 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,288 1 76 — 2,213 Non-agency 1,820 11 6 — 1,825 Auto loan asset-backed securities 2,433 — 5 — 2,428 Corporate bonds 3,640 10 22 — 3,628 Collateralized loan obligations 1,087 — 20 — 1,067 FFELP student loan asset-backed securities(2) 4,169 18 8 — 4,179 Total corporate and other debt 15,437 40 137 — 15,340 Total AFS debt securities 69,322 159 276 — 69,205 AFS equity securities 15 — 4 — 11 Total AFS securities 69,337 159 280 — 69,216 HTM securities: U.S. government securities: U.S. Treasury securities 100 — — — 100 Total HTM securities 100 — — — 100 Total Investment securities $ 69,437 $ 159 $ 280 $ — $ 69,316 ___ ___________ U .S. agency securities are compo sed of three main categories consisting of agency-issued debt, agency mortgage pass-through pool securities and collateralized mortgage obligations . FFELP—Federal Family Education Loan Program. Amounts are backed by a guarantee from the U.S. Department of Education of at least 95 % of the principal balance and interest on such loans. The table s below present the fair val ue of I nvestment s ecurities that are in an unrealized loss position: Less than 12 Months 12 Months or Longer Total At June 30, 2015 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 10,668 $ 62 $ — $ — $ 10,668 $ 62 U.S. agency securities 9,517 110 1,989 50 11,506 160 Total U.S. government and agency securities 20,185 172 1,989 50 22,174 222 Corporate and other debt: Commercial mortgage-backed securities: Agency 42 — 1,437 61 1,479 61 Non-agency 867 9 253 1 1,120 10 Auto loan asset-backed securities 1,237 2 162 — 1,399 2 Corporate bonds 1,624 12 481 6 2,105 18 Collateralized loan obligations — — 951 12 951 12 FFELP student loan asset-backed securities 2,290 12 468 4 2,758 16 Total corporate and other debt 6,060 35 3,752 84 9,812 119 Total AFS debt securities 26,245 207 5,741 134 31,986 341 AFS equity securities 11 4 — — 11 4 Total AFS securities 26,256 211 5,741 134 31,997 345 HTM securities: U.S. government and agency securities: U.S. agency securities 1,694 27 — — 1,694 27 Total HTM securities 1,694 27 — — 1,694 27 Total Investment securities $ 27,950 $ 238 $ 5,741 $ 134 $ 33,691 $ 372 Less than 12 Months 12 Months or Longer Total At December 31, 2014 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 11,410 $ 14 $ 5,924 $ 53 $ 17,334 $ 67 U.S. agency securities 2,739 6 4,133 66 6,872 72 Total U.S. government and agency securities 14,149 20 10,057 119 24,206 139 Corporate and other debt: Commercial mortgage-backed securities: Agency 42 — 1,822 76 1,864 76 Non-agency 706 3 346 3 1,052 6 Auto loan asset-backed securities 2,034 5 — — 2,034 5 Corporate bonds 905 6 1,299 16 2,204 22 Collateralized loan obligations — — 1,067 20 1,067 20 FFELP student loan asset-backed securities 1,523 6 393 2 1,916 8 Total corporate and other debt 5,210 20 4,927 117 10,137 137 Total AFS debt securities 19,359 40 14,984 236 34,343 276 AFS equity securities 11 4 — — 11 4 Total Investment securities $ 19,370 $ 44 $ 14,984 $ 236 $ 34,354 $ 280 As discussed in Note 2 to the Company’s consolidated financial statements in the 2014 Form 10-K, AFS and HTM securities with a current fair value less than their amortized cost are analyzed as part of the Company’s ongoing assessment of temporary versus other-than-temporarily impaired at the individual security level. The net unrealized losses on AFS debt securities report ed in the table above are primarily due to higher interest rates since those securities were purchased . T he risk of credit loss on securities in an unrealized loss position is considered minimal because all of the Company’s agency securities as well as the Company’s asset-backed securities , commercial mortgage-backed s ecurities (“CMBS”) and collateralized loan obligations (“CLOs”) are highly rated and because the Company’s corporate bonds are all investment grade. The Company does not intend to sell and is not likely to be required to sell its AFS debt securities prior to recovery of its amortized cost basis. The Company does not expect to experience a credit loss on its AFS debt securities or HTM securities based on consideration of the relevant information (as discussed in Note 2 to the Company’s consolidated financial statements in the 2014 Form 10-K), including for U.S. government and agency securities, the existence of an explicit and implicit guarantee provided by the U.S. government. The Company b elieves t hat its AFS debt securities in an unrealized loss position were not other-than-temporarily impaired at June 30, 2015 and December 31, 2014. For AFS equity securities in an unrealized loss position, the Company does not intend to sell these securities or expect to be required to sell these securities prior to the recovery of the cost basis and the Company believes that these securities were not other-than-temporarily impaired at June 30, 2015 and December 31, 2014. The foll owing table presents the amortized cost, fair value and annualized average yield of Investment securities by contractual maturity dates at June 30, 2015 : At June 30, 2015 Amortized Cost Fair Value Annualized Average Yield (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities: After 1 year through 5 years $ 24,714 $ 24,736 1.1% After 5 years through 10 years 1,379 1,366 1.6% Total 26,093 26,102 U.S. agency securities: After 1 year through 5 years 2,108 2,113 0.7% After 5 years through 10 years 1,967 1,968 1.5% After 10 years 17,965 17,871 1.8% Total 22,040 21,952 Total U.S. government and agency securities 48,133 48,054 1.4% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 19 20 0.5% After 1 year through 5 years 720 721 0.9% After 5 years through 10 years 222 220 1.5% After 10 years 1,141 1,082 1.5% Total 2,102 2,043 Non-agency: After 10 years 2,163 2,165 1.8% Total 2,163 2,165 Auto loan asset-backed securities: Due within 1 year 21 21 0.8% After 1 year through 5 years 2,381 2,381 1.0% After 5 years through 10 years 305 304 1.4% Total 2,707 2,706 Corporate bonds: Due within 1 year 301 302 0.9% After 1 year through 5 years 2,777 2,772 1.5% After 5 years through 10 years 720 715 2.6% Total 3,798 3,789 Collateralized loan obligations: After 5 years through 10 years 962 950 1.4% Total 962 950 FFELP student loan asset-backed securities: After 1 year through 5 years 109 109 0.7% After 5 years through 10 years 779 779 0.9% After 10 years 3,106 3,103 0.9% Total 3,994 3,991 Total corporate and other debt 15,726 15,644 1.3% Total AFS debt securities 63,859 63,698 1.4% AFS equity securities 15 11 ― % Total AFS securities 63,874 63,709 1.4% HTM securities: U.S. government securities: U.S. Treasury securities: After 1 year through 5 years 702 703 1.1% Total 702 703 U.S. agency securities: After 10 years 1,721 1,694 2.5% Total 1,721 1,694 Total HTM securities 2,423 2,397 2.1% Total Investment securities $ 66,297 $ 66,106 1.4% See Note 6 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS , auto l oan asset-backed securities, CLO and FFELP student loan asset-backed securities. The following table presents inf ormation pertaining to gross realized gains and losses on sales of AFS s ecurities within the Company’s Investment securities portfolio during the quarter s and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (dollars in millions) Gross realized gains $ 40 $ 10 $ 69 $ 17 Gross realized losses $ 10 $ — $ 14 $ 1 Gross realized gains and losses are recognized in Other revenues in the Company’s condensed consolidated state ment s of income.

Collateralized Transactions

Collateralized Transactions	6 Months Ended
	Jun. 30, 2015
Collateralized Transactions
Collateralized Transactions	5. Collateralized Transactions. The Company enters into reverse repurchase agreements, repurchase agreements, securities borrowed and securities loaned transactions to, among other things, acquire securities to cover short positions and settle other securities obligations, to accommodate customers’ needs and to finance the Company’s inventory positions. The Company manages credit exposure arising from such transactions by, in appropriate circumstances, entering into master netting agree ments and collateral agreements with counterparties that provide the Company, in the event of a counterparty default (such as bankruptcy or a counterparty’s failure to pay or perform), with the right to net a counterparty’s rights and obligations under suc h agreement and liquidate and set off collateral held by the Company against the net amount owed by the counterparty. The Company’s policy is generally to take possession of securities purchased under agreements to resell and securities borrowed, and to receive securities and cash posted as collateral (with rights of rehypothecation ) . I n certain cases, the Company may agree for such collateral to be posted to a third-party custodian under a tri-party arrangement that enables the Company to take c ontrol of such collateral in the event of a counterparty default. The Company also monitors the fair value of the underlying securities as compared with the related receivable or payable, including accrued interest, and, as necessary, requests additional c ollateral as provided under the applicable agreement to ensure such transactions are adequately collateralized. The risk related to a decline in the market value of collateral (pledged or received) is managed by setting appropriate market-based haircuts. I ncreases in collateral margin calls on secured financing due to market value declines may be mitigated by increases in collateral margin calls on reverse repurchase agreements and securities borrowed transactions with similar quality collateral. Additional ly, the Company may replace lower quality collateral pledged with higher quality collateral through collateral substitution rights in the underlying agreements. The Company actively manages its secured financing in a manner that reduces the potential ref inancing risk of secured financing for less liquid assets. The Company considers the quality of collateral when negotiating collateral eligibility with counterparties, as defined by the Company’s fundability criteria. The Company utilizes shorter-term secu red financing for highly liquid assets and has established longer tenor limits for less liquid assets, for which funding may be at risk in the event of a market disruption. Offsetting of Certain Collateralized Transactions. The following tables present information about the offsetting of these instruments and related collateral amounts. For information related to offsetting of derivatives , see Note 10. At June 30, 2015 Gross Amounts(1) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 169,644 $ (62,884) $ 106,760 $ (100,650) $ 6,110 Securities borrowed 152,717 (8,748) 143,969 (135,853) 8,116 Liabilities Securities sold under agreements to repurchase $ 128,503 $ (62,884) $ 65,619 $ (52,383) $ 13,236 Securities loaned 31,899 (8,748) 23,151 (22,438) 713 At December 31, 2014 Gross Amounts(3) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 148,234 $ (64,946) $ 83,288 $ (79,343) $ 3,945 Securities borrowed 145,556 (8,848) 136,708 (128,282) 8,426 Liabilities Securities sold under agreements to repurchase $ 134,895 $ (64,946) $ 69,949 $ (56,454) $ 13,495 Securities loaned 34,067 (8,848) 25,219 (24,252) 967 _____________ (1) Amounts include $ 4.7 billion of Securities purchased under agreements to resell, $ 4.2 billion of Securities borrowed, $ 14.2 billion of Securities sold under agreements to repurchase and $ 0.5 billion of Securities loaned, which are either not subject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. (2) Amounts relate to master netting agreements, which have been determined by the Company to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guid ance. (3) Amounts include $3.9 billion of Securities purchased under agreements to resell, $4.2 billion of Securities borrowed, $15.6 billion of Securities sold under agreements to repurchase and $0.7 billion of Securities loaned, which are either not sub ject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable . Secured Financing Transactions—Maturities and Collateral Pledged. The following tables present gross oblig ations for repurchase agreements, securities loaned transactions and obligations to return securities received as collateral by remaining contractual maturity and class of collateral pledged. At June 30, 2015 Remaining Contractual Maturity Overnight and Open Less than 30 days 30-90 days Over 90 days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 44,067 $ 26,060 $ 13,693 $ 44,683 $ 128,503 Securities loaned(1) 16,061 2,021 1,989 11,828 31,899 Gross amount of secured financing included in the above offsetting disclosure $ 60,128 $ 28,081 $ 15,682 $ 56,511 $ 160,402 Obligation to return securities received as collateral 23,250 — — — 23,250 Total $ 83,378 $ 28,081 $ 15,682 $ 56,511 $ 183,652 Secured Financing by the Class of Collateral Pledged At June 30, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 62,574 State and municipal securities 2,245 Other sovereign government obligations 34,051 Asset-backed securities 593 Corporate and other debt 6,940 Corporate equities 21,379 Other 721 Total securities sold under agreements to repurchase $ 128,503 Securities loaned(1) Other sovereign government obligations $ 8,798 Corporate and other debt 188 Corporate equities 22,853 Other 60 Total securities loaned $ 31,899 Gross amount of secured financing included in the above offsetting disclosure $ 160,402 Obligation to return securities received as collateral Other sovereign government obligations $ 10 Corporate equities 22,944 Other 296 Total obligation to return securities received as collateral $ 23,250 Total $ 183,652 _____________ (1) Amounts presented on a gross basis, prior to netting as shown on the Company’s condensed consolidated statements of financial condition. Trading Assets Pledged . The Company pledges its trading assets to collateralize repurchase agreements and othe r secured financings. Pledged financial instruments that can be sold or repledged by the secured party are identified as Trading assets (pledged to various parties) in the Company’s condensed consolidated statements of financial condition. At June 30, 2015 and December 31, 2014 , the carrying value of Trading assets by the Company that have been loaned or pledged to counterparties where those counterparties do not have the right to sell or repledge the collateral were $ 45.5 billion and $ 31.3 billion, respectively. Collateral Received. The Company receives collateral in the form of securities in connection with reverse repurchase agreements, securities borrowed and derivative transactions, customer margin loans and securities-based lending. In many cases, the Company is permitted to sell or repledge these securities held as collateral and use the securities to secure repurchase agreements, to enter into securities lending and derivative transactions or for delivery to counterparties to cover short positions. Th e Company additionally receives securities as collateral in connection with certain securities-for-securities transactions in which the Company is the lender. In instances where the Company is permitted to sell or repledge these securities, the Company rep orts the fair value of the collateral received and the related obligation to return the collateral in its condensed consolidated statements of financial condition. At June 30, 2015 and December 31, 2014, the total fair value of financial instruments receiv ed as collateral where the Company is permitted to sell or repledge the securities was $ 605 billion and $ 546 billion, respectively, and the fair value of the portion that had been sold or repledged was $ 461 billion and $ 403 billion, respectively. Other . The Company also engages in margin lending to clients that allows the client to borrow against the value of qualifying securities and is included within Customer and other receivables in the Company’s condensed consolidated statements of financial conditi on. For a further discussion of the Company’s margin lending activities, see Note 6 to the consolidated financial statements in the 2014 Form 10-K. At June 30, 2015 and December 31, 2014, there were approximately $ 30.8 billion and $ 29.0 billion, resp ectively, of customer margin loans outstanding. Other secured financings include the liabilities related to transfers of financial assets that are accounted for as financings rather than sales, consolidated VIEs where the Company is deemed to be the prima ry beneficiary, and certain equity-linked notes and other secured borrowings. These liabilities are generally payable from the cash flows of the related assets accounted for as Trading assets (see Notes 6 and 9 ). At June 30, 2015 and Decemb er 31, 2014 , cash and securities deposited with clearing organizations or segregated under federal and other regulations or requirements were as follows: At June 30, 2015 At December 31, 2014 (dollars in millions) Cash deposited with clearing organizations or segregated under federal and other regulations or requirements(1) $ 33,652 $ 40,607 Securities(2) 16,646 14,630 Total $ 50,298 $ 55,237 _____________ During the second quarter of 2015, the Company made amendments to certain arrangements by which it acts in the capacity of a clearing member to clear derivatives on behalf of customers. These amendments resulted in approximately $ 3.8 billion related to cash initial margin received from customers and remitted to clearing organizations or third- party custodian banks no longer qualifying for recognition in the Company’s condensed consolidated statements of financial condition. Securities deposit ed with clearing organizations or segregated under federal and other regulations or requirements are sourced from Securities purchased under agreements to resell and Trading assets in the Company’s condensed consolidated statements of financial condition.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	6 Months Ended
	Jun. 30, 2015
Securitization Activities and Variable Interest Entities [Abstract]
Variable Interest Entity Disclosures	6. Variable Interest Entities and Securitization Activities. The Company is involved with various special purpose entities (“SPE”) in the normal course of business. In most cases, these entities are deemed to be VIEs. The Company’s transactions with VIEs primarily include securitizations, municipal tender option bond trusts, credit protection purchased through CLNs, other structured financings, collateralized loan and debt obligations, equity-linked notes, managed real estate partnerships and asset management investment funds. The Company’s continuing involvement in VIEs that it does not consolidate can include ownership of retained interests in Company-sponsored transactions, interests purchased in the secondary market (both for Company-sponsored transactions and transactions sponsored by third parties), derivatives with securitization SPEs (primarily interest rate derivatives in commercial mortgage and residential mortgage securitizations and credit derivatives in which the Company has purchased protection in synthetic CDOs). For a further discussion on the Company’s VIEs, the determination and structure of VIEs and securitization activities, see Note 7 to the Company’s consolidated financial statements in the 2014 Form 10-K. Consolidated VIEs. Except for consolidated VIEs included in other structured financings and managed real estate partnerships in the tables below, the Company accounts for the assets held by the entities primarily in Trading assets and the liabilities of the entities as Other secured financings in its condensed consolidated statements of financial condition. For consolidated VIEs included in other structured financings, the Company accounts for the assets held by the entities primarily in Premises, equipm ent and software costs, and Other assets in its condensed consolidated statements of financial condition. For consolidated VIEs included in managed real estate partnerships, the Company accounts for the assets held by the entities primarily in Trading asse ts in its condensed consolidated statements of financial condition. Except for consolidated VIEs included in other structured financings, the assets and liabilities are measured at fair value, with changes in fair value reflected in earnings. The assets owned by many consolidated VIEs cannot be removed unilaterally by the Company and are not generally available to the Company. The related liabilities issued by many consolidated VIEs are non-recourse to the Company. In certain other consolidated VIEs, the Company either has the unilateral right to remove assets or provide additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. The following table presents information at June 30, 2015 and December 31, 2014 about VIEs that the Company consolidates. Consolidated VIE assets and liabilities are presented after intercompany eliminations and include assets financed on a non-recourse basis: At June 30, 2015 At December 31, 2014 VIE assets VIE liabilities VIE assets VIE liabilities (dollars in millions) Mortgage- and asset-backed securitizations $ 478 $ 290 $ 563 $ 337 Managed real estate partnerships(1) 57 — 288 4 Other structured financings 846 12 928 80 Other 1,417 — 1,199 — _________ During the second quarter of 2015, the Company deconsolidated approximately $191 million in net assets previously attributable to nonredeemable noncontrolling interests that were related to a real estate fund sponsored by the Company. In general, the Company’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE’s assets recognized in its financial statements, net of losses absorbed by third-party holders of the VIE’s liabilities. At June 30, 2015 and Decem ber 31, 2014 , managed real estate partnerships reflected nonredeemable noncontrol ling interests in the Company’s condensed consoli dated financial statements of $ 57 million and $ 240 million, respectively. The Company also had addition al maximum exposure to losses of approximately $ 68 million and $ 105 million at June 30, 2015 and December 31, 2014 , respectively , primarily related to certain derivatives, commitments, guarantees and other forms of invo lvement . Non-Consolidated VIEs. The following tables present information about certain non-consolidated VIEs in which the Company had variable interests at June 30, 2015 and December 31, 2014 . The tables include all VIEs in which the Company h as determined that its maximum exposure to loss is greater than specific thresholds or meets certain other criteria. Most of the VIEs included in the tables below are sponsored by unrelated parties; the Company’s involvement generally is the result of the Company’s secondary market-making activities and securities held in its Investment securities portfolio (see Note 4): At June 30, 2015 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Company does not consolidate (unpaid principal balance)(1) $ 164,184 $ 19,654 $ 4,374 $ 1,866 $ 19,654 Maximum exposure to loss: Debt and equity interests(2) $ 16,122 $ 1,974 $ 12 $ 1,084 $ 3,671 Derivative and other contracts 10 2 2,638 — 68 Commitments, guarantees and other 768 1,808 — 609 467 Total maximum exposure to loss $ 16,900 $ 3,784 $ 2,650 $ 1,693 $ 4,206 Carrying value of exposure to loss—Assets: Debt and equity interests(2) $ 16,122 $ 1,974 $ 12 $ 657 $ 3,671 Derivative and other contracts 10 2 5 — 13 Total carrying value of exposure to loss—Assets $ 16,132 $ 1,976 $ 17 $ 657 $ 3,684 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 5 Commitments, guarantees and other — — — 5 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 5 $ 5 At December 31, 2014 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Company does not consolidate (unpaid principal balance)(3) $ 174,548 $ 26,567 $ 3,449 $ 2,040 $ 19,237 Maximum exposure to loss: Debt and equity interests(4) $ 15,028 $ 3,062 $ 13 $ 1,158 $ 3,884 Derivative and other contracts 15 2 2,212 — 164 Commitments, guarantees and other 1,054 432 — 617 429 Total maximum exposure to loss $ 16,097 $ 3,496 $ 2,225 $ 1,775 $ 4,477 Carrying value of exposure to loss—Assets: Debt and equity interests(4) $ 15,028 $ 3,062 $ 13 $ 741 $ 3,884 Derivative and other contracts 15 2 4 — 74 Total carrying value of exposure to loss—Assets $ 15,043 $ 3,064 $ 17 $ 741 $ 3,958 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 57 Commitments, guarantees and other — — — 5 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 5 $ 57 (1) Mortgage- and asset-backed securitizations include VIE assets as follows: $ 28.4 billion of residential mortgages; $ 64.3 billion of commercial mortgages; $ 14.3 billion of U.S. agency collateralized mortgage obligations; and $ 57.2 billion of other consumer or commercial loans. (2) Mortgage- and asset-backed secur itizations include VIE debt and equity interests as follows: $ 2.0 billion of residential mortgages; $ 3.0 billion of commercial mortgages; $ 3.6 billion of U.S. agency collateralized mortgage obligations; and $ 7.5 billion of other consumer or commercial loans. (3) Mortgage- and asset-backed securitizations include VIE assets as follows: $ 30.8 billion of residential mortgages; $ 71.9 billion of commercial mortgages; $ 20.6 billion of U.S. agency collateralized mortg age obligations; and $ 51.2 billion of other consumer or commercial loans. (4) Mortgage- and ass et-backed securitizations include VIE debt and equity interests as follows: $ 1.9 billion of residential mortgages; $ 2.4 billion of commercial mortgages; $ 4.0 billion of U.S. agency collateralized mortgage obligations; and $ 6.8 billion of other consumer or commercial loans. The Company’s maximum exposure to loss often differs from the carrying value of the variable interests held by the Company. The maximum exposure to loss is dependent on the nature of the Company’s variable interest in the VIEs and is li mited to the notional amounts of certain liquidity facilities, other credit support, total return swaps, written put options, and the fair value of certain other derivatives and investments the Company has made in the VIEs. Liabilities issued by VIEs gener ally are non-recourse to the Company. Where notional amounts are utilized in quantifying maximum exposure related to derivatives, such amounts do not reflect fair value write-downs already recorded by the Company. The Company’s maximum exposure to loss d oes not include the offsetting benefit of any financial instruments that the Company may utilize to hedge these risks associated with the Company’s variable interests. In addition, the Company’s maximum exposure to loss is not reduced by the amount of coll ateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Securitization transactions generally involve VIEs. Primarily as a result of its secondary market-making activities, the Company owned additional securities issued by securitization SPEs for which the maximum exposure to loss is less than specific thresholds. These additional securities totaled $13.4 billion and $14.0 billion at June 30, 2015 , and December 31, 2014 , respectively. These securities were either retained in connection with transfers of assets by the Company, acquired in connect ion with secondary market-making activities or held in the Company’s AFS securities within its Investment securities portfolio (see Note 4). At June 30, 2015 , and December 31, 2014 , these securities consisted of securities backed by residentia l mortgage loans, commercial mortgage loans or other consumer loans, such as credit card receivables, automobile loans and student loans, and CDOs or CLOs. The Company’s primary risk exposure is to the securities issued by the SPE owned by the Company, wit h the risk highest on the most subordinate class of beneficial interests. These securities generally are included in Trading assets—Corporate and other debt or AFS securities within the Company’s Investment securities portfolio and are measured at fair val ue (see Note 3). T he Company does not provide additional support in these transactions through contractual facilities, such as liquidity facilities, guarantees or similar derivatives. The Company’s maximum exposure to loss generally equals the fair valu e of the securities owned. Transfers of Assets with Continuing Involvement. The following tables present information at June 30, 2015 , and December 31, 2014 , respectively, regarding transactions with SPEs in which the Company, acting as princi pal, transferred financial assets with continuing involvement and received sales treatment: At June 30, 2015 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other(1) (dollars in millions) SPE assets (unpaid principal balance)(2) $ 25,110 $ 59,078 $ 16,756 $ 18,874 Retained interests (fair value): Investment grade $ 1 $ 160 $ 948 $ — Non-investment grade 170 80 — 1,193 Total retained interests (fair value) $ 171 $ 240 $ 948 $ 1,193 Interests purchased in the secondary market (fair value): Investment grade $ 1 $ 174 $ 41 $ 40 Non-investment grade 81 65 — 42 Total interests purchased in the secondary market (fair value) $ 82 $ 239 $ 41 $ 82 Derivative assets (fair value) $ — $ 430 $ — $ 102 Derivative liabilities (fair value) — — — 531 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. ( 2 ) Amounts include assets transferred by unrelated transferors. At June 30, 2015 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 1,104 $ 5 $ 1,109 Non-investment grade — 24 1,419 1,443 Total retained interests (fair value) $ — $ 1,128 $ 1,424 $ 2,552 Interests purchased in the secondary market (fair value): Investment grade $ — $ 254 $ 2 $ 256 Non-investment grade — 147 41 188 Total interests purchased in the secondary market (fair value) $ — $ 401 $ 43 $ 444 Derivative assets (fair value) $ — $ 483 $ 49 $ 532 Derivative liabilities (fair value) — 211 320 531 At December 31, 2014 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other(1) (dollars in millions) SPE assets (unpaid principal balance)(2) $ 26,549 $ 58,660 $ 20,826 $ 24,011 Retained interests (fair value): Investment grade $ 10 $ 117 $ 1,019 $ 57 Non-investment grade 98 120 — 1,264 Total retained interests (fair value) $ 108 $ 237 $ 1,019 $ 1,321 Interests purchased in the secondary market (fair value): Investment grade $ 32 $ 129 $ 61 $ 423 Non-investment grade 32 72 — 59 Total interests purchased in the secondary market (fair value) $ 64 $ 201 $ 61 $ 482 Derivative assets (fair value) $ — $ 495 $ — $ 138 Derivative liabilities (fair value) — — — 86 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. (2) Amounts include assets transferred by unrelated transferors. At December 31, 2014 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 1,166 $ 37 $ 1,203 Non-investment grade — 123 1,359 1,482 Total retained interests (fair value) $ — $ 1,289 $ 1,396 $ 2,685 Interests purchased in the secondary market (fair value): Investment grade $ — $ 644 $ 1 $ 645 Non-investment grade — 129 34 163 Total interests purchased in the secondary market (fair value) $ — $ 773 $ 35 $ 808 Derivative assets (fair value) $ — $ 559 $ 74 $ 633 Derivative liabilities (fair value) — 82 4 86 Transferred assets are carried at fair value prior to securitization, and any changes in fair value are recognized in the Company’s condensed consolidated statements of income. The Company may act as underwriter of the beneficial interests issued by these securitization vehicles. Investment banking underwriting net revenues are recognized in connection with these transactions. The Company may retain interests in the securitized financial assets as one or more tranches of the securitization. These retained interests are included in the Company’s condensed consolidated statements of financial condition at fair value. Any changes in the fair value of such retained interests are recognized in the Company’s condensed consolidated statements of income. Net gai ns on sale of assets in securitization transactions at the time of the sale were not material in the quarters and six months ended June 30, 2015 and 2014 . During the quarters and six months ended June 30, 2015 and 2014 , the Company recei ved proceeds from new securitization transactions and proceeds from cash flows from retained interests in securitization transactions as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Proceeds received from new securitization transactions $ 6,273 $ 3,634 $ 11,164 $ 9,647 Proceeds from cash flows from retained interests in securitization transactions 658 870 1,606 1,472 The Company has provided, or otherwise agreed to be responsible for, representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Company (see Note 11 ). I n connection with its underwriting of CLO transactions for unaffiliated sponsors, the Company received proceeds from sale of corporate loans sold to those SPEs as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ 621 $ 697 $ 966 $ 1,125 Net gains on sale of corporate loans to CLO transactions at the time of sale were not material for the quarters and six months ended June 30, 2015 and 2014 . The Company also enters into transactions in which it sells equity securities and contemporaneously enters into bilateral OTC equity derivatives with the purchasers of the securities, through which derivatives it retains the exposure to the securities. For transactions where the derivatives were outstanding at June 30, 2015, the carr ying value of assets derecognized at the time of sale and the gross cash proceeds were $ 12.8 billion. In addition, the fair value at June 30, 2015 of the assets sold was $ 12.5 billion while the fair value of derivative assets and derivative liabiliti es recognized in the Company’s condensed consolidated statement of financial condition at June 30, 2015 was $ 5.2 million and $ 325 million, respectively (see Note 10). Failed Sales. In order to be treated as a sale of assets for accounting purposes , a transaction must meet all of the criteria stipulated in the accounting guidance for the transfer of financial assets. A transfer that fails to meet these criteria, is treated as a failed sale. In such cases, the Company continues to recognize the asset s in Trading assets, and the Company recognizes the associated liabilities in Other secured financings in its condensed consolidated statements of financial condition (see Note 9 ). The assets transferred to unconsolidated VIEs in transactions accounte d for as failed sales cannot be removed unilaterally by the Company and are not generally available to the Company. The related liabilities are also non-recourse to the Company. In certain other failed sale transactions, the Company has the right to remove assets or provide additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. The following table presents information about the carrying value (equal to fair value) of assets and liabilities resulting f rom transfers of financial assets treated by the Company as secured financings : At June 30, 2015 At December 31, 2014 Carrying Value of Carrying Value of Assets Liabilities Assets Liabilities (dollars in millions) Failes sales $ 351 $ 351 $ 352 $ 344

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables and Allowance for Credit Losses	7. Loans and Allowance for Loan Losses. Loans. The Company’s loans held for investment are recorded at amortized cost, and its loans held for sale are recorded at lower of cost or fair value in the Company’s condensed consolidated statements of financial condition. The Company’s outstanding loans at June 30, 2015 and December 31, 2014 included the following: At June 30, 2015 At December 31, 2014 Loans by Product Type Loans Held for Investment Loans Held for Sale Total Loans(1)(2) Loans Held for Investment Loans Held for Sale Total Loans(1)(3) (dollars in millions) Corporate loans $ 22,500 $ 8,490 $ 30,990 $ 19,659 $ 8,200 $ 27,859 Consumer loans 19,464 — 19,464 16,576 — 16,576 Residential real estate loans 18,241 167 18,408 15,735 114 15,849 Wholesale real estate loans 6,388 812 7,200 5,298 1,144 6,442 Total loans, gross of allowance for loan losses 66,593 9,469 76,062 57,268 9,458 66,726 Allowance for loan losses (169) — (169) (149) — (149) Total loans, net of allowance for loan losses $ 66,424 $ 9,469 $ 75,893 $ 57,119 $ 9,458 $ 66,577 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 7,773 million and $ 7 , 017 million at June 30, 2015 and December 31, 2014 , respectively. At June 30, 2015 , loans at fixed interest rates and floating or adjustable interest rates were $ 7,314 million and $ 68,579 million, respectively. At December 31, 2014 , loans at fixed interest rates and floating or adjustable interest rates were $ 6,663 million and $ 59 , 914 million, respectively. The above table does not includ e Loans and lending commitments held at fair value of $ 12,107 million and $ 11,962 million that were recorded as Trading assets in the Company’s condensed consolidated statement of financial condition at June 30, 2015 and December 31, 2014 , respect ively. At June 30, 2015 , Loans and lending commitments held at fair value consisted of $ 6,991 million of corporate loans, $ 1,939 million of residential real estate loans and $ 3,177 million of wholesale real estate loans. At December 31, 2014 , Loan s and lending commitments held at fair value consisted of $ 7,093 million of corporate loans, $ 1,682 million of residential real estate loans and $ 3,187 million of wholesale real estate loans. See Note 3 for further information regarding Loans and lendin g commitments held at fair value. Credit Quality. For a discussion about the Company’s evaluation of credit transactions and monitoring, see Note 8 to the Company’s consolidated financial statements in the 2014 Form 10-K. The Company utilizes the following credit quality indicators which are consistent with U.S. banking regulators’ definitions of criticized exposures, in its credit monitoring process for loans held for investment. • Pass . A credit exposure rated pass has a continued expectation of timely repayment, all obligations of the borrower are current, and the obligor complies with material terms and conditions of the lending agreement. • Special Mention . Extensions of cre dit that have potential weakness that deserve management’s close attention, and if left uncorrected may, at some future date, result in the deterioration of the repayment prospects or collateral position. • Substandard . Obligor has a well-defined wea kness that jeopardizes the repayment of the debt and has a high probability of payment default with the distinct possibility that the Company will sustain some loss if noted deficiencies are not corrected. • Doubtful . Inherent weakness in the exposur e makes the collection or repayment in full, based on existing facts, conditions and circumstances, highly improbable, and the amount of loss is uncertain. • Loss . Extensions of credit classified as loss are considered uncollectible and are charged o ff. Loans considered as doubtful or loss are considered impaired. Substandard loans are regularly reviewed for impairment. When a loan is impaired the impairment is measured based on the present value of expected future cash flows discounted at the loan’ s effective interest rate or as a practical expedient the observable market price of the loan or the fair value of the collateral if the loan is collateral dependent. For further information, see Note 2 to the Company’s consolidated financial statements in the 2014 Form 10-K. T he following tables present credit quality indicators for the Company’s loans held for investment, gross of allowance for loan losses, by product type, at June 30, 2015 and December 31, 2014 . At June 30, 2015 Loans by Credit Quality Indicators Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 21,032 $ 19,464 $ 18,194 $ 6,388 $ 65,078 Special mention 763 — — — 763 Substandard 684 — 47 — 731 Doubtful 21 — — — 21 Total loans $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 At December 31, 2014 Loans by Credit Quality Indicators Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 17,847 $ 16,576 $ 15,688 $ 5,298 $ 55,409 Special mention 1,683 — — — 1,683 Substandard 127 — 47 — 174 Doubtful 2 — — — 2 Total loans $ 19,659 $ 16,576 $ 15,735 $ 5,298 $ 57,268 Allowance for Loan Losses and Impaired Loans. For factors considered by the Company in determining the allowance for loan losses and impairments, see Notes 2 and 8 to the Company’s consolidated financial statements in the 2014 Form 10-K. The tables below provide detail s on impaired loans , past due loans and allowances for the C ompany’s held for investment loans : At June 30, 2015 At December 31, 2014 Loans by Product Type Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 19 $ — $ 19 $ — $ — $ — Impaired loans without allowance(1) 2 27 29 2 17 19 Impaired loans unpaid principal balance 21 27 48 2 17 19 Past due 90 days loans and on nonaccrual 2 34 36 2 25 27 At June 30, 2015 At December 31, 2014 Loans by Region Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 29 $ 19 $ — $ 48 $ 19 $ — $ — $ 19 Past due 90 days loans and on nonaccrual 36 — — 36 27 — — 27 Allowance for loan losses 132 32 5 169 121 20 8 149 EMEA—Europe, Middle East and Africa. (1) At June 30, 2015 and December 31, 2014 , no allowance was outstanding for these loans as the fair value of the collateral held exceeded or equaled the carrying value . The table below summarize s information about the allowance for loan losses , loans by impairment methodology, the allowance for lending-related commitments and lending-related commitments by impairment methodology. Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for loan losses: Balance at December 31, 2014 $ 118 $ 2 $ 8 $ 21 $ 149 Gross charge-offs — — (1) — (1) Gross recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — (1) — — Provision (release) for loan losses(1) 26 — 2 2 30 Other(2) (10) — — — (10) Balance at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Allowance for loan losses by impairment methodology: Inherent $ 130 $ 2 $ 9 $ 23 $ 164 Specific 5 — — — 5 Total allowance for loan losses at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Loans evaluated by impairment methodology(3): Inherent $ 22,479 $ 19,464 $ 18,214 $ 6,388 $ 66,545 Specific 21 — 27 — 48 Total loans evaluated at June 30, 2015 $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 Allowance for lending-related commitments: Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending-related commitments(4) 6 — — 2 8 Balance at June 30,2015 $ 153 $ — $ — $ 4 $ 157 Allowance for lending-related commitments by impairment methodology: Inherent $ 153 $ — $ — $ 4 $ 157 Specific — — — — — Total allowance for lending-related commitments at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Lending-related commitments evaluated by impairment methodology(3): Inherent $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Specific — — — — — Total lending-related commitments evaluated at June 30, 2015 $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for loan losses: Balance at December 31, 2013 $ 137 $ 1 $ 4 $ 14 $ 156 Gross charge-offs — — — (3) (3) Gross recoveries — — — — — Net charge-offs — — — (3) (3) Provision (release) for loan losses(1) (20) 1 2 2 (15) Balance at June 30, 2014 $ 117 $ 2 $ 6 $ 13 $ 138 Allowance for loan losses by impairment methodology: Inherent $ 115 $ 2 $ 6 $ 13 $ 136 Specific 2 — — — 2 Total allowance for loan losses at June 30, 2014 $ 117 $ 2 $ 6 $ 13 $ 138 Loans evaluated by impairment methodology(3): Inherent $ 18,766 $ 14,306 $ 12,614 $ 3,061 $ 48,747 Specific 11 — 10 — 21 Total loan evaluated at June 30, 2014 $ 18,777 $ 14,306 $ 12,624 $ 3,061 $ 48,768 Allowance for lending-related commitments: Balance at December 31, 2013 $ 125 $ — $ — $ 2 $ 127 Provision for lending-related commitments(4) 30 — — — 30 Balance at June 30, 2014 $ 155 $ — $ — $ 2 $ 157 Allowance for lending-related commitments by impairment methodology: Inherent $ 155 $ — $ — $ 2 $ 157 Specific — — — — — Total allowance for lending-related commitments at June 30, 2014 $ 155 $ — $ — $ 2 $ 157 Lending-related commitments evaluated by impairment methodology(3): Inherent $ 69,331 $ 3,274 $ 249 $ 252 $ 73,106 Specific — — — — — Total lending-related commitments evaluated at June 30, 2014 $ 69,331 $ 3,274 $ 249 $ 252 $ 73,106 _______________ (1) The Company recorded a provision of $ 26 million and $ 4 million for loan losses within Other revenues for the quarters ended March 31, 2015 and June 30, 2015 , respectively. The Company recorded a release of $ 29 million and a provision of $ 14 million for loan losses within Other revenues for the quarters ended March 31, 2014 and June 30, 2014, respectively. (2) Amount includes the impact related to the tra nsfer to loans held for sale and foreign currency translation adjustments. (3) Loan balances are gross of the allowance for loan losses and lending-related commitments are gross of credit losses. (4) The Company recorded a provision of $ 37 million an d a release of $ 29 million for lending-related commitments within Other non-interest expenses for the quarters ended March 31, 2015 and June 30, 2015, respectively. The Company recorded a provision of $ 19 million and $ 11 million for lending-related commitm ents within Other non-interest expenses for the quarters ended March 31, 2014 and June 30, 2014, respectively. Employee Loans. Employee loans are granted primarily in conjunction with a program established in the Company’s Wealth Management business s egment to retain and recruit certain employees. These loans are recorded in Customer and other receivables in the Company’s condensed consolidated statements of financial condition. These loans are full recourse, generally require periodic payments and hav e repayment terms ranging from one to twelve years. The Company establishes an allowance for loan amounts it does not consider recoverable, which is recorded in Compensation and benefits expense. At June 30, 2015 , the Company had $ 4,854 million of em ployee loans, net of an allowance of approximately $ 121 million. At December 31, 2014 , the Company had $ 5,130 million of employee loans, net of an allowance of approximately $ 116 million.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2015
Deposits [Abstract]
Deposits	8. Deposits. Deposits were as follows: At June 30, 2015(1) At December 31, 2014(1) (dollars in millions) Savings and demand deposits $ 136,546 $ 132,159 Time deposits 2,657 1,385 Total $ 139,203 $ 133,544 (1) Total deposits subject to the Federal Deposit Insurance Corporation (the “FDIC”) insurance at June 30, 2015 and December 31, 2014 were $ 103 billion and $ 99 billion, respectively. Interest-bearing deposits at June 30, 2015 includes $ 136,538 million of saving deposits payable upon demand, and $ 2,605 million of time deposits maturing in 2015, $ 19 million of time deposits maturing in 2016 and $ 33 million of time deposits maturing in 2017. The vast majority of deposits in the Company’s U.S. Subsidiary Banks are sourced from the Company’s retail brokerage accounts. Concurrent with the acquisition of the remaining 35 % stake in the purchase of the retail securities joint venture between the Company and Citigroup Inc. (“Citi”) (the “Wealth Manag ement JV”) in 2013, the deposit sweep agreement between Citi and the Company was terminated ( see Note 3 to the consolidated financial statements in the 2014 Form 10-K ). During the quarter and six months ended June 30, 2015 , $ 4.3 billion and $ 8.7 billio n, respectively, of deposits held by Citi relating to the Company’s customer accounts were transferred to the Company’s depository institutions. At June 30, 2015, the transfer of deposits from Citi to the Company was completed.

Long-Term Borrowings and Other

Long-Term Borrowings and Other Secured Financings	6 Months Ended
	Jun. 30, 2015
Borrowings and Other Secured Financings
Long-Term Borrowings and Other Secured Financings	9. Long-Term B orrowings and Other Secured Financings. The Company’s long-term borrowings included the following components : At June 30, 2015 At December 31, 2014 (dollars in millions) Senior debt $ 145,071 $ 139,565 Subordinated debt 10,155 8,339 Junior subordinated debentures 2,863 4,868 Total $ 158,089 $ 152,772 During the six months ended June 30, 2015 and 2014 , the Company issued notes with a principal amount of approximately $ 22.9 billion and $ 14.8 billion, respectively, and approximately $ 13.0 billion and $ 21.3 billion, respectively, in aggregate long-term borrowings matured or were retired. The weighted average maturity of the Company’s long-term borrowings, based upon stated maturity dates , w as approximately 5.9 years for both June 30, 2015 and December 31, 2014 . During May of 2015, Morgan Stanley Capital Trusts VI and VII redeemed all of their issued and outstanding 6.60 % Capital Securities. Other Secured Financings. Other secured financings include the liabilities related to transfers of fin ancial assets that are accounted for as financings rather than sales, consolidated VIEs where the Company is deemed to be the primary beneficiary, pledged commodities, certain equity-linked notes and other secured borrowings. See Note 6 for further inf ormation on Other secured financings related to VIEs and securitization activities. The Company’s Other secured financings consisted of the following: At June 30, 2015 At December 31, 2014 (dollars in millions) Secured financings with original maturities greater than one year $ 9,447 $ 10,346 Secured financings with original maturities one year or less 1,890 1,395 Failed sales(1) 351 344 Total(2) $ 11,688 $ 12,085 ___________ (1) For more information on failed sales, see Note 6. (2) Amounts include $ 4,074 million and $ 4,504 million at fair value at June 30, 2015 and December 31, 2014 , respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure
Derivative Instruments and Hedging Activities	10. Derivative Instruments and Hedging Activities. The Company trades and makes markets globally in listed futures, OTC swaps, forwards, options and other derivatives referencing, among other things, interest rates, currencies, investment grade and non-investment grade corporate credits, loans, bonds, U.S. and other sovereign securities, emerging market bonds and loans, credit indices, asset-backed security indices, property indices, mortgage-related and other asset-backed securities, and real es tate loan products. The Company uses these instruments for trading, foreign currency exposure management, and asset and liability management. The Company manages its trading positions by employing a variety of risk mitigation strategies. These strategies include diversification of risk exposures and hedging. Hedging activities consist of the purchase or sale of positions in related securities and financial instruments, including a variety of derivative products ( e.g. , futures, forwards, swaps and options) . The Company manages the market risk associated with its trading activities on a Company-wide basis, on a worldwide trading division level and on an individual product basis. In connection with its derivative activities, the Company generally enters int o master netting a greements and collateral a greements with its counterparties. For a further discussion of these agreements, see Note 12 to the consolidated financial statements in the 2014 Form 10-K. The following tables present information about the offs etting of derivative instruments and related collateral amounts. See information related to offsetting of certain collateralized transactions in Note 5 . At June 30, 2015 Gross Amounts(1) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Amounts Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure Financial Instruments Collateral Other Cash Collateral (dollars in millions) Derivative assets Bilateral OTC $ 353,817 $ (326,043) $ 27,774 $ (9,244) $ (43) $ 18,487 Cleared OTC(3) 126,985 (126,119) 866 (6) — 860 Exchange traded 30,785 (26,886) 3,899 — — 3,899 Total derivative assets $ 511,587 $ (479,048) $ 32,539 $ (9,250) $ (43) $ 23,246 Derivative liabilities Bilateral OTC $ 343,921 $ (310,714) $ 33,207 $ (7,983) $ — $ 25,224 Cleared OTC(3) 125,263 (124,991) 272 — (1) 271 Exchange traded 31,379 (26,886) 4,493 (295) — 4,198 Total derivative liabilities $ 500,563 $ (462,591) $ 37,972 $ (8,278) $ (1) $ 29,693 At December 31, 2014 Gross Amounts(4) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Amounts Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure Financial Instruments Collateral Other Cash Collateral (dollars in millions) Derivative assets Bilateral OTC $ 427,079 $ (396,582) $ 30,497 $ (9,844) $ (19) $ 20,634 Cleared OTC(3) 217,169 (215,576) 1,593 — — 1,593 Exchange traded 32,123 (27,819) 4,304 — — 4,304 Total derivative assets $ 676,371 $ (639,977) $ 36,394 $ (9,844) $ (19) $ 26,531 Derivative liabilities Bilateral OTC $ 410,003 $ (375,095) $ 34,908 $ (11,192) $ (179) $ 23,537 Cleared OTC(3) 211,695 (211,180) 515 — (6) 509 Exchange traded 32,608 (27,819) 4,789 (726) — 4,063 Total derivative liabilities $ 654,306 $ (614,094) $ 40,212 $ (11,918) $ (185) $ 28,109 (1) Amounts include $ 7.3 billion of derivative assets and $ 8.8 billion of derivative liabilities, which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. See also “Fair Value and Notional of Derivative Instruments” herein, for additional disclosure about gross fair values and notionals for derivative instruments by risk type. (2 ) Amounts relate to master netting a greements and collateral a greements, which have been determined by the Company to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offse tting accounting guidance. (3 ) Amounts include OTC derivatives that are centrally cleared in accordance with certain regulatory requirements. (4 ) Amounts include $ 6.5 billion of derivative assets and $ 6.9 billion of derivative liabilities, which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. See also “ Fair Value and Notional of Derivative Instruments ” herein, for addit ional disclosure about gross fair values and notionals for derivative instruments by risk type. The Company incurs credit risk as a dealer in OTC derivatives. Credit risk with respect to derivative instruments arises from the failure of a counterparty to perform according to the terms of the contract. The Company’s exposure to credit risk at any point in time is represented by the fair value of the derivative contracts reported as assets. The fair value of a derivative represents the amount at which the d erivative could be exchanged in an orderly transaction between market participants and is further described in Note 2 to the consolidated financial statements in the 2014 Form 10-K and Note 3. The tables below present a summary by counterparty credit r ating and remaining contract maturity of the fair value of OTC derivatives in a gain position at June 30, 2015 and December 31, 2014 . Fair value is presented in the final column, net of collateral received (principally cash and U.S. government and agency securities): OTC Derivative Products—Trading Assets at June 30, 2015 (1) Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral Credit Rating(2) Less than 1 1 - 3 3 - 5 Over 5 (dollars in millions) AAA $ 188 $ 672 $ 913 $ 3,591 $ (4,509) $ 855 $ 743 AA 2,436 2,810 1,949 12,265 (12,966) 6,494 3,502 A 8,706 9,049 5,545 19,087 (33,257) 9,130 6,299 BBB 3,934 3,845 1,967 12,668 (14,733) 7,681 5,696 Non-investment grade 3,898 2,388 1,781 2,990 (6,620) 4,437 3,107 Total $ 19,162 $ 18,764 $ 12,155 $ 50,601 $ (72,085) $ 28,597 $ 19,347 OTC Derivative Products—Trading Assets at December 31, 2014 (1) Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral Credit Rating(2) Less than 1 1-3 3-5 Over 5 (dollars in millions) AAA $ 499 $ 246 $ 1,313 $ 4,281 $ (5,009) $ 1,330 $ 1,035 AA 2,679 2,811 2,704 14,137 (15,415) 6,916 4,719 A 11,733 10,833 7,585 23,968 (43,644) 10,475 6,520 BBB 5,119 3,753 2,592 13,132 (15,844) 8,752 6,035 Non-investment grade 3,196 3,089 1,541 2,499 (5,727) 4,598 3,918 Total $ 23,226 $ 20,732 $ 15,735 $ 58,017 $ (85,639) $ 32,071 $ 22,227 _____________ (1) Fair values shown represent the Company’s net exposure to counterparties related to the Company’s OTC derivative products. Amounts include centrally cleared OTC derivatives. The tables do not include exchange-traded derivatives and the effect of any related hedges utilized by the Company. (2) Obligor credit ratings are determined by the Company’s Credit Risk Management Department. (3) Amounts represent the netting of receivable balances with payable balances for th e same counterparty across maturity categories. Receivable and payable balances with the same counterparty in the same maturity category are netted within such maturity category, where appropriate. Cash collateral received is netted on a counterparty basis , provided legal right of offset exists. For a discussion of hedge accounting, fair value hedges—interest rate risk and net investment hedges, see Note 12 to the consolidated financial statements in the 2014 Form 10-K. Fair Value and Notional of Deri vative Instruments. The following tables summarize the fair value of derivative instruments designated as accounting hedges and the fair value of derivative instruments not designated as accounting hedges by type of derivative contract and the platform on which these instruments are traded or cleared on a gross basis. Fair values of derivative contracts in an asset position are included in Trading assets, and fair values of derivative contracts in a liability position are reflected in Trading liabilities in the Company’s condensed consolidated statements of financial condition (see Note 3): Derivative Assets at June 30, 2015 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,392 $ 918 $ — $ 4,310 $ 37,244 $ 29,394 $ — $ 66,638 Foreign exchange contracts 159 1 — 160 4,405 129 — 4,534 Total derivatives designated as accounting hedges 3,551 919 — 4,470 41,649 29,523 — 71,172 Derivatives not designated as accounting hedges(2): Interest rate contracts 228,535 122,135 515 351,185 4,672,995 7,086,992 1,474,052 13,234,039 Credit contracts 21,160 3,779 — 24,939 716,408 162,629 — 879,037 Foreign exchange contracts 63,185 152 60 63,397 1,959,862 11,722 8,184 1,979,768 Equity contracts 23,779 — 25,720 49,499 350,378 — 296,080 646,458 Commodity contracts 13,462 — 4,490 17,952 99,117 — 110,067 209,184 Other 145 — — 145 5,485 — — 5,485 Total derivatives not designated as accounting hedges 350,266 126,066 30,785 507,117 7,804,245 7,261,343 1,888,383 16,953,971 Total derivatives $ 353,817 $ 126,985 $ 30,785 $ 511,587 $ 7,845,894 $ 7,290,866 $ 1,888,383 $ 17,025,143 Cash collateral netting (46,085) (3,239) — (49,324) — — — — Counterparty netting (279,958) (122,880) (26,886) (429,724) — — — — Total derivative assets $ 27,774 $ 866 $ 3,899 $ 32,539 $ 7,845,894 $ 7,290,866 $ 1,888,383 $ 17,025,143 Derivative Liabilities at June 30, 2015 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 206 $ 524 $ — $ 730 $ 3,524 $ 15,389 $ — $ 18,913 Foreign exchange contracts 99 3 — 102 6,001 277 — 6,278 Total derivatives designated as . accounting hedges 305 527 — 832 9,525 15,666 — 25,191 Derivatives not designated as accounting hedges(2): Interest rate contracts 211,241 121,130 455 332,826 4,332,481 6,836,336 1,152,490 12,321,307 Credit contracts 21,584 3,469 — 25,053 610,523 142,542 — 753,065 Foreign exchange contracts 66,054 137 12 66,203 2,018,091 11,332 3,613 2,033,036 Equity contracts 32,171 — 26,110 58,281 389,209 — 291,951 681,160 Commodity contracts 12,397 — 4,802 17,199 84,479 — 91,586 176,065 Other 169 — — 169 9,182 — — 9,182 Total derivatives not designated as accounting hedges 343,616 124,736 31,379 499,731 7,443,965 6,990,210 1,539,640 15,973,815 Total derivatives $ 343,921 $ 125,263 $ 31,379 $ 500,563 $ 7,453,490 $ 7,005,876 $ 1,539,640 $ 15,999,006 Cash collateral netting (30,756) (2,111) — (32,867) — — — — Counterparty netting (279,958) (122,880) (26,886) (429,724) — — — — Total derivative liabilities $ 33,207 $ 272 $ 4,493 $ 37,972 $ 7,453,490 $ 7,005,876 $ 1,539,640 $ 15,999,006 Derivative Assets at December 31, 2014 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,947 $ 1,053 $ — $ 5,000 $ 44,324 $ 27,692 $ — $ 72,016 Foreign exchange contracts 498 6 — 504 9,362 261 — 9,623 Total derivatives designated as accounting hedges 4,445 1,059 — 5,504 53,686 27,953 — 81,639 Derivatives not designated as accounting hedges(3): Interest rate contracts 281,214 211,552 407 493,173 4,854,953 9,187,454 1,467,056 15,509,463 Credit contracts 27,776 4,406 — 32,182 806,441 167,390 — 973,831 Foreign exchange contracts 72,362 152 83 72,597 1,955,343 11,538 9,663 1,976,544 Equity contracts 23,208 — 24,916 48,124 299,363 — 271,164 570,527 Commodity contracts 17,698 — 6,717 24,415 115,792 — 156,440 272,232 Other 376 — — 376 5,179 — — 5,179 Total derivatives not designated as accounting hedges 422,634 216,110 32,123 670,867 8,037,071 9,366,382 1,904,323 19,307,776 Total derivatives $ 427,079 $ 217,169 $ 32,123 $ 676,371 $ 8,090,757 $ 9,394,335 $ 1,904,323 $ 19,389,415 Cash collateral netting (58,541) (4,654) — (63,195) — — — — Counterparty netting (338,041) (210,922) (27,819) (576,782) — — — — Total derivative assets $ 30,497 $ 1,593 $ 4,304 $ 36,394 $ 8,090,757 $ 9,394,335 $ 1,904,323 $ 19,389,415 Derivative Liabilities at December 31, 2014 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 125 $ 99 $ — $ 224 $ 2,024 $ 7,588 $ — $ 9,612 Foreign exchange contracts 5 1 — 6 1,491 121 — 1,612 Total derivatives designated as accounting hedges 130 100 — 230 3,515 7,709 — 11,224 Derivatives not designated as accounting hedges(3): Interest rate contracts 264,579 207,482 293 472,354 4,615,886 9,138,417 1,714,021 15,468,324 Credit contracts 28,165 3,944 — 32,109 714,181 154,054 — 868,235 Foreign exchange contracts 72,156 169 21 72,346 1,947,178 11,477 1,761 1,960,416 Equity contracts 30,061 — 25,511 55,572 339,884 — 302,205 642,089 Commodity contracts 14,740 — 6,783 21,523 93,019 — 132,136 225,155 Other 172 — — 172 5,478 — — 5,478 Total derivatives not designated as accounting hedges 409,873 211,595 32,608 654,076 7,715,626 9,303,948 2,150,123 19,169,697 Total derivatives $ 410,003 $ 211,695 $ 32,608 $ 654,306 $ 7,719,141 $ 9,311,657 $ 2,150,123 $ 19,180,921 Cash collateral netting (37,054) (258) — (37,312) — — — — Counterparty netting (338,041) (210,922) (27,819) (576,782) — — — — Total derivative liabilities $ 34,908 $ 515 $ 4,789 $ 40,212 $ 7,719,141 $ 9,311,657 $ 2,150,123 $ 19,180,921 _____________ (1) Amounts include OTC derivatives that are centrally cleared in accordance with certain regulatory requirements. (2) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,029 billion and $ 876 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 336 million and $ 103 million is included in Customer and other receivables and Custom er and other payables, respectively, in the Company’s condensed consolidated statements of financial condition. (3) Notional amounts include gross notionals related to open long and short futures contracts of $ 685 billion and $ 1,122 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 472 million and $ 21 million is included in Customer and other receivables and Customer and other payables, respectively, in the Company’s condensed consolidated statem ents of financial condition. At June 30, 2015 and December 31, 2014 , the amount of payables associated with cash collateral received that was netted against derivative assets was $ 49.3 billion and $ 63.2 billion, respectively, and the amount of receivables in respect of cash collateral paid that was netted against derivative liabilities was $ 32.9 billion and $ 37.3 billion, respectively. A t June 30, 2015 , c ash collateral payables of $ 3 million and at December 31, 2014 , cash collateral receivables and payables of $ 21 million and $ 30 million, respectively, were not offset against certain contracts that did not meet the definition of a derivative. The Company had no cash collateral re ceivable at June 30, 2015 that was not offset against certain contracts that did not meet the definition of a derivative. Derivatives Designated as Fair Value Hedges. The following table presents gains (losses) reported on interest rate derivative inst ruments designated and qualifying as accounting hedges and the related hedged item as well as the hedge ineffectiveness included in Interest expense in the Company’s condensed consolidated statements of income: Gains (Losses) Recognized Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Derivatives $ (1,899) $ 621 $ (1,141) $ 931 Borrowings 2,213 (320) 1,720 (328) Total $ 314 $ 301 $ 579 $ 603 Derivatives Designated as Net Investment Hedges The following table presents gains (losses) reported on derivative instruments designated and qualifying as accounting hedges: Gains (Losses) Recognized in OCI (effective portion) Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Foreign exchange contracts(1) $ (81) $ (109) $ 181 $ (176) Total $ (81) $ (109) $ 181 $ (176) ____________ (1) Losses of $ 36 million and $ 80 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in interest income during the quarter and six months ended June 30, 2015 , respectively. Losses of $ 52 million and $ 97 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in interest income during the quarter and six months ended June 30, 2014 , res pectively. The following table summarizes gains (losses) on derivative instruments not designated as accounting hedges: Gains (Losses) Recognized in Income(1) Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Interest rate contracts $ 2,194 $ (679) $ 477 $ (2,033) Credit contracts 36 (354) (209) (197) Foreign exchange contracts (5,895) 567 (4,795) 1,591 Equity contracts (953) (1,918) (2,020) (2,077) Commodity contracts 51 (53) 649 472 Other contracts 17 49 (65) 145 Total derivative instruments $ (4,550) $ (2,388) $ (5,963) $ (2,099) ____________ (1) Gains (losses) on derivative contracts not designated as hedges are primarily included in Trading revenues in the Company’s condensed consolidated statements of income. Gains (losses) associated with certain derivative contracts that have physically settled are excluded from the table above. Gains (losses) on these contracts are reflected with the associated cash instruments, which are also included in Trading revenues in the Company’s condensed consolidated statements of income. The Company also has certain embedded derivatives that have been bifurcated from the related structured borrowings. Such derivatives are classified in Long-term borrowings and had a net fair value of $ 25 million and $ 10 million at June 30, 2015 and December 31, 2014 , respectively, and a notional value of $ 2,069 million at both June 30, 2015 and December 31, 2014 . The Company recognized gains of $ 21 million and $ 16 million related to changes in the fair value of its bifurcated embedded derivatives for the quarter and six months ended June 30, 2015 , respectively. The Company recognized losses of $ 18 million and $ 28 million related to changes in the fair value of its bifurcated embedded derivatives for the quarter and six months ended June 30, 2014 , respectively. Credit Risk-Related Contingencies. In connection with certain OTC trading agreements, the Company may be required to provide additional collateral or immediately settle any outstanding liability bala nces with certain counterparties in the event of a credit rating downgrade of the Company. The following table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liabilit y position for which the Company has posted collateral in the normal course of business. At June 30, 2015 (dollars in millions) Net derivative liabilities $ 28,962 Collateral posted 24,288 The additional collateral or termination payments which 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. (“ Moody’s”) and Standard & Poor’s Ratings Services (“ S&P”) . At June 30, 2015 , for such OTC trading agreements, 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 on e-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers were as follows: At June 30, 2015 (dollars in millions) Incremental collateral or terminating payments upon future rating downgrade(1): One-notch downgrade $ 1,269 Two-notch downgrade 1,232 ________ (1) Amounts include $ 2,027 million related to bilateral arrangements between the Company 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 a risk management tool used extensively by the Company as credit exposures are reduced if counterparties are downgraded. Credit Derivatives and Other Credit Contracts. The Company enters into credit derivatives, pri ncipally through credit default swaps, 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 Company’s counterparties are banks, broker- dealers, insurance and other financial institutions, and monoline insurers. The tables below summarize the notional and fair value of protection sold and protection purchased through credit default swaps at June 30, 2015 and December 31, 2014 : At June 30, 2015 Maximum Potential Payout/Notional Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 477,216 $ (2,449) $ 453,603 $ 1,910 Index and basket credit default swaps 243,574 (1,074) 210,171 710 Tranched index and basket credit default swaps 73,570 (2,039) 173,968 3,056 Total $ 794,360 $ (5,562) $ 837,742 $ 5,676 At December 31, 2014 Maximum Potential Payout/Notional Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 535,415 $ (2,479) $ 509,872 $ 1,641 Index and basket credit default swaps 276,465 (1,777) 229,789 1,563 Tranched index and basket credit default swaps 96,182 (2,355) 194,343 3,334 Total $ 908,062 $ (6,611) $ 934,004 $ 6,538 The table s below summarize the credit ratings of the reference obligation and maturities of protection sold through credit default swaps and other credit contracts at June 30, 2015 and December 31, 2014 : At June 30, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1)(2) Years to Maturity Credit Ratings of the Reference Obligation Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: AAA $ 3,675 $ 13,347 $ 6,408 $ 1,673 $ 25,103 $ (266) AA 8,146 18,305 9,425 1,717 37,593 (437) A 18,796 42,445 14,333 2,081 77,655 (1,184) BBB 41,406 101,019 46,196 11,627 200,248 (1,636) Non-investment grade 33,044 69,325 29,777 4,471 136,617 1,074 Total 105,067 244,441 106,139 21,569 477,216 (2,449) Index and basket credit default swaps: AAA 13,998 41,873 1,521 — 57,392 (1,145) A 4,207 5,513 6,219 12 15,951 (207) BBB 7,591 22,028 27,477 4,167 61,263 (866) Non-investment grade 27,268 88,883 49,553 16,834 182,538 (895) Total 53,064 158,297 84,770 21,013 317,144 (3,113) Total credit default swaps sold $ 158,131 $ 402,738 $ 190,909 $ 42,582 $ 794,360 $ (5,562) Other credit contracts(3) $ — $ 501 $ 346 $ 67 $ 914 $ (761) Total credit derivatives and other credit contracts $ 158,131 $ 403,239 $ 191,255 $ 42,649 $ 795,274 $ (6,323) At December 31, 2014 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1)(2) Years to Maturity Credit Ratings of the Reference Obligation Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: AAA $ 2,385 $ 9,400 $ 6,147 $ 692 $ 18,624 $ (113) AA 9,080 23,701 14,769 3,318 50,868 (688) A 22,861 52,291 22,083 2,944 100,179 (1,962) BBB 48,547 114,384 60,629 13,536 237,096 (1,489) Non-investment grade 29,857 66,066 29,011 3,714 128,648 1,773 Total 112,730 265,842 132,639 24,204 535,415 (2,479) Index and basket credit default swaps: AAA 17,625 31,124 7,265 1,883 57,897 (985) AA 704 6,512 716 2,864 10,796 (270) A 1,283 6,841 10,154 30 18,308 (465) BBB 30,265 40,575 60,141 7,730 138,711 (2,904) Non-investment grade 25,750 88,105 22,971 10,109 146,935 492 Total 75,627 173,157 101,247 22,616 372,647 (4,132) Total credit default swaps sold $ 188,357 $ 438,999 $ 233,886 $ 46,820 $ 908,062 $ (6,611) Other credit contracts(3) $ 51 $ 539 $ 1 $ 620 $ 1,211 $ (500) Total credit derivatives and other credit contracts $ 188,408 $ 439,538 $ 233,887 $ 47,440 $ 909,273 $ (7,111) _____________ (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting. (2) Fair value amounts of certain credit default swaps where the Company sold protection have an asset carrying value because credit spreads of the underlying reference entity or entities tightened during the term of the contracts. (3) Other credit contracts include CLNs, CDOs and credit default swaps that are considered hybrid instruments. Fair value amount s shown represent the fair value of the hybrid instruments. Single Name Credit Default Swaps. A credit default swap protects the buyer against the los s of principal on a bond or loan in case of a default by the issuer. The protection buyer pays a periodic premium (generally quarterly) over the life of the contract and is protected for the period. The Company in turn will have to perform under a credit d efault swap if a credit event as defined under the contract occurs. Typical credit events include bankruptcy, dissolution or insolvency of the referenced entity, failure to pay and restructuring of the obligations of the referenced entity. In order to prov ide an indication of the current payment status or performance risk of the credit default swaps, a breakdown by credit ratings is provided. Agency ratings, if available, are used for this purpose; otherwise the Company’s internal ratings are used . Index and Basket Credit Default Swaps. Index and basket credit default swaps are products where credit protection is provided on a portfolio of single name credit default swaps. Generally, in the event of a default on one of the underlying names, the Company will have to pay a pro rata portion of the total notional amount of the credit default swap. The Company also enters into tranched index and basket credit default swaps where credit protection is provided on a particular portion of the portfolio loss dis tribution. The most junior tranches cover initial defaults, and once losses exceed the notional of the tranche, they are passed on to the next most senior tranche in the capital structure. In order to provide an indication of the current payment status o r performance risk of the credit default swaps, a breakdown by the Company’s internal credit ratings is provided. Effective January 1, 2015, the Company utilized its internal credit ratings as compared with December 31, 2014 where external agency ratings, if available, were utilized. The change in the rating methodology did not have a significant impact on investment grade versus non-investment grade classifications or the fair values of tranched and non- tranched index and basket products in the above table . Credit Protection Sold through CLNs and CDOs. The Company has invested in CLNs and CDOs, which are hybrid instruments containing embedded derivatives, in which credit protection has been sold to the issuer of the note. If there is a credit event of a reference entity underlying the instrument, the principal balance of the note may not be repaid in full to the Company. Purchased Credit Protection with Identical Underlying Reference Obligations . For single name credit default swaps and non- tranched index and basket credit default swaps, the Company has purchased protection with a not ional amount of approximately $ 661 billion and $ 731 billion at June 30, 2015 and December 31, 2014 , respectively, compared with a not ional amount of approximately $ 719 billion and $ 805 billion at June 30, 2015 and December 31, 2014 , respectively, of credit protection sold with identical un derlying reference obligations. In order to identify purchased protection with the same underlying reference obligations, the notional amount for individual reference obligations within non- tranched indices and baskets was determined on a pro rata basis and matched off against single name and non- tranched index and basket credit default swaps where credit protection was sold with identical underlying reference obligations. The purchase of credit protection does not represent the sole manner in which the Company risk manages its exposure to credit derivatives. The Company manages its exposure to these derivative contracts through a variety of risk mitigation strategies, which include managing the credit and correlation risk across single name, non- tranched indices and baskets, tranched indices and baskets, and cash positions. Aggr egate market risk limits have been established for credit derivatives, and market risk measures are routinely monitored against these limits. The Company may also recover amounts on the underlying reference obligation delivered to the Company under credit default swaps where credit protection was sold.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments, Guarantees and Contingencies [Abstract]
Commitments, Guarantees and Contingencies	11. Commitments, Guarantees and Contingencies. Commitments. The Company’s commitments associated with outstanding letters of credit and other financial guarantees obtained to satisfy collateral requirements, investment activities, corporate lending and financing arrangements , and mortgage lending at June 30, 2015 are summarized below by period of expiration. Since commitments associated with these instruments may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements: Years to Maturity Less Total at than 1 1-3 3-5 Over 5 June 30, 2015 (dollars in millions) Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 337 $ — $ 108 $ — $ 445 Investment activities 497 73 20 488 1,078 Primary lending commitments—investment grade(1) 8,501 15,644 35,655 1,051 60,851 Primary lending commitments—non-investment grade(1) 1,300 5,957 15,007 2,641 24,905 Secondary lending commitments 22 23 82 169 296 Commitments for secured lending transactions 1,890 740 568 — 3,198 Forward starting reverse repurchase agreements and securities borrowing agreements(2)(3) 54,109 — — — 54,109 Commercial and residential mortgage-related commitments 12 333 62 2,005 2,412 Underwriting commitments 2,660 — — — 2,660 Other lending commitments 4,890 925 340 239 6,394 Total $ 74,218 $ 23,695 $ 51,842 $ 6,593 $ 156,348 (1) These amounts include certain commitments participated to third parties totaling $ 1.4 billion of investment grade and $ 2.8 billion of non-investment grade , due to the nature of the Company’s obligations under the commitments . ( 2 ) The Company enters into forward starting reverse repurchase and securities borrowing agreements (agreements that have a trade date at or prior to June 30, 2015 and settle subsequent to period-end) that are primarily secured by collateral from U.S. go vernment agency securities and other sovereign government obligations. These agreements primarily settle within three business days of the trade date, and of the total amount at June 30, 2015 , $ 47.5 billion settled within t hree business days. (3) The Company also has a contingent obligation to provide financing to a clearinghouse through which it clears certain transactions. The financing is required only upon the default of a clearinghouse member. The financing takes the f orm of a reverse repurchase facility, with a maximum amount of approximately $ 1.3 billion. For a further description of these commitments, refer to Note 13 to the Company’s consolidated financial statements in the 2014 Form 10-K . The Company sponsors several non-consolidated investment funds for third-party investors where the Company typically acts as general partner of, and investment advisor to, these funds and typically commits to invest a minority of the capital of such funds, wi th subscribing third-party investors contributing the majority. The Company’s employees, including its senior officers, as well as the Company’s Directors, may participate on the same terms and conditions as other investors in certain of these funds that t he Company forms primarily for client investment, except that the Company may waive or lower applicable fees and charges for its employees. The Company has contractual capital commitments, guarantees, lending facilities and counterparty arrangements with r espect to these investment funds. Guarantees. The table below summarizes certain information regarding the Company’s obligations under guarantee arrangements at June 30, 2015 : Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity Type of Guarantee Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Credit derivative contracts(1) $ 158,131 $ 402,738 $ 190,909 $ 42,582 $ 794,360 $ (5,562) $ — Other credit contracts — 501 346 67 914 (761) — Non-credit derivative contracts(1) 1,139,484 784,721 284,645 539,407 2,748,257 64,290 — Standby letters of credit and other financial guarantees issued(2) 1,447 911 1,332 6,574 10,264 (212) 8,230 Market value guarantees 28 395 219 36 678 4 103 Liquidity facilities 2,744 — — 139 2,883 (4) 4,391 Whole loan sales guarantees — — — 23,517 23,517 9 — Securitization representations and warranties — — — 65,138 65,138 99 — General partner guarantees 61 47 123 283 514 71 — _____________ (1) Carrying amounts of derivative contracts are shown on a gross basis prior to cash collateral or counterparty netting. For further information on derivative contracts, see Note 10. (2) The se amounts include certain standby letters of credit participated to third parties totaling $ 0.5 billion due to the nature of the Company’s obligations under these arrangements. For a further description of these guarantees, refer to Note 13 to the Company’s consolidated financia l statements in the 2014 Form 10-K. The Company has obligations under certain guarantee arrangements, including contracts and indemnification agreements , that contingently require a guarantor to make payments to the guaranteed party based on changes in a n 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 g uarantees are contracts that contingently require the guarantor 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. The Company’s use of gua rantees is described below by type of guarantee: Other Guarantees and Indemnities. In the normal course of business, the Company provides guarantees and indemnifications in a variety of commercial transactions. These provisions generally are standard c ontractual terms. Certain of these guarantees and indemnifications related to trust preferred securities, indemnities, exchange/clearinghouse member guarantees and merger and acquisition guarantees are described in Note 13 to the Company’s consolidated fin ancial statements in the 2014 Form 10-K. In the ordinary course of business, the Company 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 Company’s subsidiaries covered by these guarantees (including any related debt or trading obligations) are included in the Company’s condensed consolidated financial statements . Contingencies. Legal . In the normal course of business, the Company 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 fin ancial 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 prima ry defendants in such cases are bankrupt or are in financial distress. These actions have included, but are not limited to, residential mortgage and credit crisis related matters. Over the last several years, the level of litigation and investigatory activ ity (both formal and informal) by governmental and self-regulatory agencies has increased materially in the financial services industry. As a result, the Company expects that it may become the subject of increased claims for damages and other relief and, w hile the Company has identified below any individual proceedings where the Company believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not ye t been asserted or are not yet determined to be probable or possible and reasonably estimable losses. The Company contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is pro bable a liability had been incurred at the date of the consolidated financial statements and the Company can reasonably estimate the amount of that loss, the Company accrues the estimated loss by a charge to income. The Company expects future litigation ac cruals in general to continue to be elevated and the changes in accruals from period to period may fluctuate significantly, given the current environment regarding government investigations and private litigation affecting global financial services firms, including the Company. 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 exposur e 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. For certain legal proceedings and inve stigations, the Company cannot reasonably estimate such losses, particularly for proceedings and investigations where the factual record is being developed or contested or where plaintiffs or governmental entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved, 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 by addressing novel or unsettled legal questions relevant to the proceedings or investigations in question, before a loss or additional loss or range of loss or additional loss can be reasonably estimated for a proceeding or in vestigation. For certain other legal proceedings and investigations, the Company can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but does not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on the Company’s consolidated financial statements as a whole, other than the matters referred to in the following paragraphs. On July 15, 2010, China De velopment Industrial Bank (“CDIB”) filed a complaint against the Company, styled China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al ., which is pending in the Supreme Court of the State of New York, New York County (“Supreme Court of NY”). The complaint relates to a $275 million credit default swap referencing the super senior portion of the STACK 2006-1 CDO. The complaint asserts claims for common law fraud, fraudulent inducement and fraudulent concealment and alleges that the Comp any misrepresented the risks of the STACK 2006-1 CDO to CDIB, and that the Company knew that the assets backing the CDO were of poor quality when it entered into the credit default swap with CDIB. The complaint seeks compensatory damages related to the app roximately $228 million that CDIB alleges it has already lost under the credit default swap, rescission of CDIB’s obligation to pay an additional $12 million, punitive damages, equitable relief, fees and costs. On February 28, 2011, the court denied the Co mpany’s motion to dismiss the complaint. Based on currently available information, the Company believes it could incur a loss of up to approximately $240 million plus pre- and post-judgment interest, fees and costs. On April 25, 2012, The Prudential Ins urance Company of America and certain affiliates filed a complaint against the Company and certain affiliates in the Superior Court of the State of New Jersey, styled The Prudential Insurance Company of America, et al. v. Morgan Stanley, et al. On October 16, 2012, plaintiffs filed an amended complaint which alleges that defendants made untrue statements and material omissions in connection with the sale to plaintiffs of certain mortgage pass-through certificates backed by securitization trusts containing r esidential mortgage loans. The total amount of certificates allegedly sponsored, underwritten and/or sold by the Company was approximately $1.073 billion. The amended complaint raises claims under the New Jersey Uniform Securities Law, as well as common la w claims of negligent misrepresentation, fraud, fraudulent inducement, equitable fraud, aiding and abetting fraud, and violations of the New Jersey RICO statute, and includes a claim for treble damages. On April 26, 2013, the defendants filed an answer to the amended complaint. On January 2, 2015, the court denied defendants’ renewed motion to dismiss the amended complaint. At June 25, 2015, the current unpaid balance of the mortgage pass-through certificates at issue in this action was approximately $590 m illion, and the certificates had not yet incurred actual losses. Based on currently available information, the Company believes it could incur a loss in this action up to the difference between the $590 million unpaid balance of these certificates (plus an y losses incurred) and their fair market value at the time of a judgment against the Company, or upon sale, plus pre- and post-judgment interest, fees and costs. The Company may be entitled to be indemnified for some of these losses and to an offset for in terest received by the plaintiff prior to a judgment. On August 7, 2012, U.S. Bank, in its capacity as Trustee, filed a complaint on behalf of Morgan Stanley Mortgage Loan Trust 2006-4SL and Mortgage Pass-Through Certificates, Series 2006-4SL (together, the “Trust”) against the Company. The matter is styled Morgan Stanley Mortgage Loan Trust 2006-4SL, et al. v. Morgan Stanley Mortgage Capital Inc. and is pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $303 million, breached various representations and warranties. The complaint seeks, among other relief, rescission of the mortgage loan purchase agree ment underlying the transaction, specific performance and unspecified damages and interest. On August 8, 2014, the court granted in part and denied in part the Company’s motion to dismiss. On September 3, 2014, the Company filed its answer to the complaint . Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $149 million, plus pre- and post-judgment interest, fees and costs. On August 8, 2012, U.S. Bank, in its capacity as Truste e, filed a complaint on behalf of Morgan Stanley Mortgage Loan Trust 2006-14SL, Mortgage Pass-Through Certificates, Series 2006-14SL, Morgan Stanley Mortgage Loan Trust 2007-4SL and Mortgage Pass-Through Certificates, Series 2007-4SL against the Company. T he complaint is styled Morgan Stanley Mortgage Loan Trust 2006-14SL, et al. v. Morgan Stanley Mortgage Capital Holdings LLC, as successor in interest to Morgan Stanley Mortgage Capital Inc . and is pending in the Supreme Court of NY. The complaint asserts c laims for breach of contract and alleges, among other things, that the loans in the trusts, which had original principal balances of approximately $354 million and $305 million respectively, breached various representations and warranties. On August 16, 20 13, the court granted in part and denied in part the Company’s motion to dismiss the complaint. On September 17, 2013, the Company filed its answer to the complaint. On September 26, 2013, and October 7, 2013, the Company and the plaintiff, respectively, f iled notices of appeal with respect to the court’s August 16, 2013 decision. The plaintiff is seeking, among other relief, rescission of the mortgage loan purchase agreements underlying the transactions, specific performance and unspecified damages and int erest. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $527 million, plus pre- and post-interest, fees and costs. On September 28, 2012, U.S. Bank, in its capacity as Trust ee, filed a complaint on behalf of Morgan Stanley Mortgage Loan Trust 2006-13ARX against the Company styled Morgan Stanley Mortgage Loan Trust 2006-13ARX v. Morgan Stanley Mortgage Capital Holdings LLC, as successor in interest to Morgan Stanley Mortgage C apital Inc., pending in the Supreme Court of NY. U.S. Bank filed an amended complaint on January 17, 2013, which asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $609 million, breached various representations and warranties. The amended complaint seeks, among other relief, declaratory judgment relief, specific performance and unspecified damages and interest. On September 25, 2014, the court granted i n part and denied in part the Company’s motion to dismiss. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $173 million, plus pre- and post-judgment interest, fees and costs. On January 10, 2013, U.S. Bank, in its capacity as Trustee, filed a complaint on behalf of Morgan Stanley Mortgage Loan Trust 2006-10SL and Mortgage Pass-Through Certificates, Series 2006-10SL against the Company. The complaint is styled Morgan Stanley M ortgage Loan Trust 2006-10SL, et al. v. Morgan Stanley Mortgage Capital Holdings LLC, as successor in interest to Morgan Stanley Mortgage Capital Inc. and is pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and allege s, among other things, that the loans in the trust, which had an original principal balance of approximately $300 million, breached various representations and warranties. The complaint seeks, among other relief, an order requiring the Company to comply wi th the loan breach remedy procedures in the transaction documents, unspecified damages, and interest. On August 8, 2014, the court granted in part and denied in part the Company’s motion to dismiss. On September 3, 2014, the Company filed its answer to the complaint. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $197 million, plus pre- and post-judgment interest, fees and costs. On May 3, 2013, plaintiffs in Deutsche Zentral-Genossenschaftsbank AG et al. v. Morgan Stanley et al. filed a complaint against the Company, certain affiliates, and other defendants in the Supreme Court of NY. The complaint alleges that defendants made material misrepresentations and omissions in the sale to plaintiffs of certain mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans. The total amount of certificates allegedly sponsored, underwritten and/or sold by the Company to plaintiff curren tly at issue in this action was approximately $644 million. The complaint alleges causes of action against the Company for common law fraud, fraudulent concealment, aiding and abetting fraud, negligent misrepresentation, and rescission and seeks, among oth er things, compensatory and punitive damages. On September 12, 2014, the Company filed a notice of appeal from the June 10, 2014 denial of the defendants’ motion to dismiss. On January 12, 2015, the Company filed an amended answer to the complaint. At Jun e 25, 2015, the current unpaid balance of the mortgage pass-through certificates at issue in this action was approximately $283 million, and the certificates had incurred actual losses of approximately $80 million. Based on currently available information, the Company believes it could incur a loss in this action up to the difference between the $283 million unpaid balance of these certificates (plus any losses incurred) and their fair market value at the time of a judgment against the Company, or upon sale , plus pre- and post-judgment interest, fees and costs. The Company may be entitled to be indemnified for some of these losses. On September 23, 2013, the plaintiff in National Credit Union Administration Board v. Morgan Stanley & Co. Inc., et al. filed a complaint against the Company and certain affiliates in the United States District Court for the Southern District of New York (“SDNY”). The complaint alleges that defendants made untrue statements of material fact or omitted to state material facts in the sale to the plaintiff of certain mortgage pass-through certificates issued by securitization trusts containing residential mortgage loans. The total amount of certificates allegedly sponsored, underwritten and/or sold by the Company to plaintiffs was a pproximately $417 million. The amended complaint, filed November 17, 2014, alleges causes of action against the Company for violations of the Texas Securities Act and the Illinois Securities Law of 1953 and seeks, among other things, rescissory and compens atory damages. On December 15, 2014, defendants answered the amended complaint. At June 25, 2015, the current unpaid balance of the mortgage pass-through certificates at issue in this action was approximately $200 million, and the certificates had incurred actual losses of $28 million. Based on currently available information, the Company believes it could incur a loss in this action up to the difference between the $200 million unpaid balance of these certificates (plus any losses incurred) and their fair market value at the time of a judgment against the Company, or upon sale, plus pre- and post-judgment interest, fees and costs. The Company may be entitled to be indemnified for some of these losses and to an offset for interest received by the plaintiff p rior to a judgment. On April 28, 2014, Deutsche Bank National Trust Company, in its capacity as trustee for Morgan Stanley Structured Trust I 2007-1, filed a complaint against the Company. The matter is styled Deutsche Bank National Trust Company v. Morgan Stanley Mortgage Capital Holdings LLC and is pending in the SDNY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $735 millio n, breached various representations and warranties. The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, unspecified compensatory and/or rescissory damages, interest and costs. O n April 3, 2015, the court granted in part and denied in part the Company’s motion to dismiss. On April 17, 2015, the Company filed its answer to the complaint. Based on currently available information, the Company believes that it could incur a loss in th is action of up to approximately $292 million, plus pre- and post-judgment interest, fees and costs.

Regulatory Requirements

Regulatory Requirements	6 Months Ended
	Jun. 30, 2015
Regulatory Requirements
Regulatory Requirements	12. Regulatory Requirements. Regulatory Capital Framework . For a discussion of the Company’s regulatory capital framework, see Note 14 to the consolidated financial statements in the 2014 Form 10-K. Calculation of Risk-B ased Capital Ratios. The Company is required to calculate and hold capital against cred it, market and operational risk- weighted assets (“RWAs”). For a further discussion of the Company’s RWAs, see Note 14 to the consolidated financial statements in the 2014 Form 10-K. As a U.S. Basel III Advanced Approach banking organization, the Company is subject to a permanent “capital floor” based on the lower of the risk-based capital ratios calculated using ( i ) standardized approaches for calculating credit risk RWAs and market risk RWAs (the “Standardized Approach”); and (ii) an advanced internal ratings-based approach for calculating credit risk RWAs, an advanced measurement approach for calculating operational risk RWAs, and an advan ced approach for calculating market risk RWAs (the “Advanced Approach”) under the U.S. revised risk-based and leverage capital framework, referred to herein as “U.S. Basel III.” The capital floor applies to the calculation of the minimum risk-based capital requirements and, when in effect, the capital conservation buffer, the countercyclical capital buffer (if deployed by banking regulators), and the global systemically important bank (“G-SIB”) capital buffer. The methods for calculating each of the Comp any’s risk-based capital ratios will change through January 1, 2022 as aspects of U.S. Basel III are phased in. These ongoing methodological changes may result in differences in the Company’s reported capital ratios from one reporting period to the next that are independent of changes to the Company’s capital base, asset composition, off-balance sheet exposures or risk profile. The Company’s Regulatory Capital and Capital Ratios. Beginning on January 1, 2015, the risk-based capital ratios for regulatory purposes of the Company and its U.S. ban k operating subsidiaries , Morgan Stanley Bank, N.A. (“MSBNA”) and Morgan Stanley Private Bank, National Association (“MS PBNA”) (collectively, “ U.S. Subsidiary Banks”), are the lower of each ratio calculate d using RWAs under the Advanced Approach or the Standardized Approach under U.S. Basel III, in both cases subject to transitional provisions. In 2014, the Company’s binding risk-based capital ratios were the lower of its ratios computed under the Advanced Approach or U.S. banking regulators’ U.S. Basel I-based rules (“U.S. Basel I”) as supplemented by rules that implemented the Basel Committee’s market risk capital framework amendment, commonly referred to as “Basel 2.5”. At June 30, 2015, the Company’s ris k-based capital ratios were lower under the Advanced Approach transitional rules; however, the risk-based capital ratios for its U.S. Subsidiary Banks were lower under the Standardized Approach transitional rules. The following table presents the Company’ s capital measures under the U.S. Basel III Advanced Approach transitional rules and the minimum regulatory capital ratios. At June 30, 2015 At December 31, 2014 Amount Ratio Minimum Regulatory Capital Ratio(1) Amount Ratio Minimum Regulatory Capital Ratio(1) (dollars in millions) Regulatory capital and capital ratios: Common Equity Tier 1 capital $ 58,666 14.0% 4.5% $ 57,324 12.6% 4.0% Tier 1 capital 65,770 15.7% 6.0% 64,182 14.1% 5.5% Total capital 78,031 18.7% 8.0% 74,972 16.4% 8.0% Tier 1 leverage — 7.9% 4.0% — 7.9% 4.0% Assets: RWAs $ 417,707 N/A N/A $ 456,008 N/A N/A Adjusted average assets(2) 836,607 N/A N/A 810,524 N/A N/A __________ N/A—Not Applicable. (1) Percentages represent minimum regulatory capital ratios under U.S. Basel III transitional rules. (2) Beginning with the first quarter of 2015, i n accordance with U.S. Basel III, adjusted average assets represent the denominator of the Tier 1 leverage ratio and were composed of the average daily balance of consolidated on-balance sheet assets under U.S. GAAP during the calendar quarter, adjusted fo r disallowed goodwill, transitional intangible assets, certain deferred tax assets, certain investments in the capital instruments of unconsolidated financial institutions and other adjustments. The Company’s U.S. Subsidiary Banks. The Company’s U.S . Subsidiary Banks are subject to similar regulatory capital requirements as the Company. Failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s U.S. Subsidiary Banks’ financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, each of the Company’s U.S. Subsidiary Banks must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The following table sets forth the capital information for MSBNA: At June 30, 2015 At December 31, 2014 U.S. Basel III Transitional/ Standardized Approach Required Capital Ratio(1) U.S. Basel III Transitional/ Basel I + Basel 2.5 Approach Required Capital Ratio(1) Amount Ratio Amount Ratio (dollars in millions) Common Equity Tier 1 capital $ 12,480 14.2% 6.5% $ 12,355 12.2% 6.5% Tier 1 capital 12,480 14.2% 8.0% 12,355 12.2% 8.0% Total capital 14,190 16.1% 10.0% 14,040 13.9% 10.0% Tier 1 leverage 12,480 9.9% 5.0% 12,355 10.2% 5.0% The following table sets forth the capital information for MSPB NA: At June 30, 2015 At December 31, 2014 U.S. Basel III Transitional/ Standardized Approach Required Capital Ratio(1) U.S. Basel III Transitional/ Basel I + Basel 2.5 Approach Required Capital Ratio(1) Amount Ratio Amount Ratio (dollars in millions) Common Equity Tier 1 capital $ 3,379 25.2% 6.5% $ 2,468 20.3% 6.5% Tier 1 capital 3,379 25.2% 8.0% 2,468 20.3% 8.0% Total capital 3,392 25.3% 10.0% 2,480 20.4% 10.0% Tier 1 leverage 3,379 11.4% 5.0% 2,468 9.4% 5.0% _______ (1) Capital ratios required to be considered well-capitalized for U.S. regulatory purposes. Under regulatory capital requirements adopted by the U.S. federal banking agencies, U.S. depository institutions, in order to be considered well-capitalized, must maintain certain minimum capital ratios. Each U.S. depository institution subsidiary of the C ompany must be well-capitalized in order for the Company to continue to qualify as a financial holding company and to continue to engage in the broadest range of financial activities permitted for financial holding companies. At June 30, 2015 and Dec ember 31, 2014, the Company’s U.S. Subsidiary Banks maintained capital at levels in excess of the universally mandated well-capitalized requirements. The Company’s U.S. Subsidiary Banks maintained capital at levels sufficiently in excess of these “well cap italized” requirements to address any additional capital needs and requirements identified by the U.S. federal banking regulators. MS&Co. and Other Broker-Dealers. Morgan Stanley & Co. LLC (“MS&Co.”) is a registered broker-dealer and registered futures commission merchant and, accordingly, is subject to the minimum net capital requirements of the SEC and the U.S. Commod ity Futures Trading Commission (“CFTC”). MS&Co. has consistently operated with capital in excess of its regulatory capital requirements. MS&Co.’s net capital totaled $ 9,084 million and $ 6,593 million at June 30, 2015 and December 31, 2014 , respectively, which exceeded the amount required by $ 7,292 million and $ 4,928 million, respectively . MS&Co. is required to hold tentative net c apital in excess of $ 1 billion and net capital in excess of $ 500 million in accordance with the market and credit risk standards of Appendix E of SEC Rule 15c3-1. MS&Co. is also required to notify the SEC in the event that its tentative net capital is less than $ 5 billion. At June 30, 2015 and December 31, 2014, MS&Co. had tentative net capital in excess of the minimum and the notification requirements. Morgan Stanley Smith Barney LLC (“MSSB LLC”) is a registered broker- dealer and introducing broker for the futures business and, accordingly, is subject to the minimum net capital requirements of the SEC and the CFTC . MSSB LLC has consistently operated with capital in excess of its regulatory capital requirements. MSSB LLC’s net capital totaled $ 5,031 million and $ 4,620 million at June 30, 2015 and December 31, 2014 , respectively, which exceeded the amount required by $ 4,868 million and $ 4,460 million, respectively. Morgan Stanley & Co. International plc (“MSIP”), a London-based broker-dealer subsidiary, is subject to the capital requirements of the Prudential Regulation Authority, and Morgan Stanley MUFG Securities Co., Ltd. (“MSMS”), a Tokyo-based broker-dealer subsidiary, is subject to the capital requirements of the Financial Services Agency. MSIP and MSMS have consistently operated with capital in excess of their respective regulatory capital requirements. Other Regulated Subsidiaries. Certain other U.S. and non-U.S. subsidiaries of the Company are subject to various sec urities, commodities and banking regulations, and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries have consistently operated with capital in excess of their loc al capital adequacy requirements. Morgan Stanley Derivative Products Inc. (“MSDP”), a derivative products subsidiary rated A 1 by Moody’s and AA - by S&P, maintains certain operating restrictions that have been reviewed by Moody’s and S&P. MSDP is operate d such that creditors of the Company should not expect to have any claims on the assets of MSDP, unless and until the obligations to its own creditors are satisfied in full. Creditors of MSDP should not expect to have any claims on the assets of the Compan y or any of its affiliates, other tha n the respective assets of MSDP .

Total Equity

Total Equity	6 Months Ended
	Jun. 30, 2015
Total Equity
Total Equity	13. Total Equity Morgan Stanley Shareholders’ Equity. In March 2015, the Company received no objection from the Board of Governors of the Federal Reserve System (the “ Federal Reserve ”) to its 2015 capital plan. The capital plan included a share repurchase of up to $ 3.1 billion of the Company’s outstanding common stock that began in the second quarter of 2015 through the end of the second quarter of 2016. Additionally, the capital plan included an increase in the Company’s quarterly common stock dividend to $ 0.15 per share from $ 0.10 per share, that began with the dividend declared on April 20, 2015. During the quarter and six months ended June 30, 2015 , the Company repurchased approximately $ 625 million and $ 875 million, respectively . D uring the quarter and six months ended June 30, 2014 , the Company repurchased approximately $ 284 million and $ 434 million, respectively, of the Company’s outstanding common stock as part of its share repurchase program. The Company has sufficient authorization for the proposed share repurchases pursuant t o the capital plan under its existing share repurchase program for capital management purposes . Pursuant to the share repurchase program, the Company considers, among other things, business segment capital needs as well as equity-based compensation and ben efit plan requirements. Share repurchases under the Company’s program will be exercised from time to time at prices the Company deems appropriate subject to various factors, including the Company’s capital position and market conditions. The share repurcha ses may be effected through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans, and may be suspended at any time. Share repurchases by the Company are subject to regulatory approval. Preferred Stock. Series J Preferred Stock. On March 1 9 , 2015, the Company issued 1,500,000 Depositary Shares, for an aggregate price of $1,500 million. Each Depositary Share represents a 1/25th interest in a share of perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J, $0.01 par value (“Series J Preferred Stock”). The Series J Preferred Stock is redeemable at the Company’s option, ( i ) in whole or in part, from time to time, on any dividend payment date on o r after July 15, 2020 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event (as described in the terms of that series), in each case at a redemption price of $25,000 per share (equivalent to $1,000 per D epositary Share), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption, without accumulation of any undeclared dividends. The Series J Preferred Stock also has a preference over the Company’s common stock upon liquidation . The Series J Preferred Stock offering (net of related issuance costs) resulted in proceeds of approximately $1,493 million. For a description of preferred stock issuances, Series A through Series I, see Note 15 to the consolidated financial statements in the 2014 Form 10-K. The Company is authorized to issue 30 million shares of preferred stock, and the Company’s preferred stock outstanding consisted of the following (dollars in millions, except per share data): Shares Outstanding at June 30, 2015 Liquidation Preference per Share Carrying Value Series At June 30, 2015 At December 31, 2014 A 44,000 $ 25,000 $ 1,100 $ 1,100 C 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 G 20,000 25,000 500 500 H 52,000 25,000 1,300 1,300 I 40,000 25,000 1,000 1,000 J 60,000 25,000 1,500 — Total $ 7,520 $ 6,020 The Company’s preferred stock qualifies as Tier 1 capital in accordance with regulatory c apital requirements (see Note 12 ). During the quarters ended June 30, 2015 and 2014 , dividends declared on the Company’s outstanding preferred stock were $ 141 million and $ 76 million, respectively. During the six months ended June 30, 2015 and 2014 dividends declared on the Company’s outstanding preferred stock were $ 219 million and $ 130 million, respectively. Accumulated Other Comprehensive Income (Loss). The f ollowing tables present changes in AOCI by component, net of noncontrolling interests, during the quarters ended June 30, 2015 and 2014 : Foreign Currency Translation Adjustments Net Change in Cash Flow Hedges Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Related Adjustments Total (dollars in millions) Balance at March 31, 2015 $ (883) $ 4 $ 127 $ (514) $ (1,266) Other comprehensive income (loss) before reclassifications 50 — (208) (4) (162) Amounts reclassified from AOCI — — (20) 1 (19) Net other comprehensive income (loss) during the period 50 — (228) (3) (181) Balance at June 30, 2015 $ (833) $ 4 $ (101) $ (517) $ (1,447) Balance at March 31, 2014 $ (218) $ — $ (208) $ (542) $ (968) Other comprehensive income before reclassifications 68 — 168 2 238 Amounts reclassified from AOCI — 1 (6) 2 (3) Net other comprehensive income during the period 68 1 162 4 235 Balance at June 30, 2014 $ (150) $ 1 $ (46) $ (538) $ (733) The Company had no significant reclassifications out of AOCI during the quarters ended June 30, 2015 and 2014 . The following table presents changes in AOCI by component, net of noncontrolling interests, during the six months ended June 30, 2015 and 2014 : Foreign Currency Translation Adjustments Net Change in Cash Flow Hedges Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Related Adjustments Total (dollars in millions) Balance at December 31, 2014 $ (663) $ 3 $ (73) $ (515) $ (1,248) Other comprehensive income (loss) before reclassifications (170) — 7 (4) (167) Amounts reclassified from AOCI — 1 (35) 2 (32) Net other comprehensive income (loss) during the period (170) 1 (28) (2) (199) Balance at June 30, 2015 $ (833) $ 4 $ (101) $ (517) $ (1,447) Balance at December 31, 2013 $ (266) $ (1) $ (282) $ (544) $ (1,093) Other comprehensive income before reclassifications 116 — 246 2 364 Amounts reclassified from AOCI — 2 (10) 4 (4) Net other comprehensive income during the period 116 2 236 6 360 Balance at June 30, 2014 $ (150) $ 1 $ (46) $ (538) $ (733) The Company had no significant reclassifications out of AOCI during the six months ended June 30, 2015 and 2014 . Nonredeemable N oncontrolling Interests. Nonredeemable noncontrolling interests were $ 1,029 million and $ 1,204 million at June 30, 2015 and December 31, 2014 , respectively. The reduction in nonredeemable noncontrolling interests was primarily due to the deconsolidation in the second quarter of 2015 of $191 million of net assets previously attributable to nonredeemable noncontrolling interests that were related to a real estate fund sponsored by the Company .

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share
Earnings Per Common Share	14. Earnings per Common Share. Basic earnings per common share (“EPS”) is computed by dividing earnings applicable to Morgan Stanley common shareholders by the weighted average number of common shares outstanding for the period. Common shares outstanding include common stock and vested restricted stock units (“ RSUs”) where recipients have satisfied either the explicit vesting terms or retirement eligibility requirements. Diluted EPS reflects the assumed conversion of all dilutive securities. The Company calculates EPS using the two-class method, which allocates a portion of the Company’s earnings to instruments granted in share-based payment transactions that are considered participating securities (see Note 2 to the consolidated financial statements in the 2014 Form 10-K). The following table presents the calculation of basic and diluted EPS (in millions, except for per share data): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Basic EPS: Income from continuing operations $ 1,833 $ 1,917 $ 4,301 $ 3,502 Income (loss) from discontinued operations (2) — (7) (1) Net income 1,831 1,917 4,294 3,501 Net income applicable to nonredeemable noncontrolling interests 24 18 93 97 Net income applicable to Morgan Stanley 1,807 1,899 4,201 3,404 Less: Preferred dividends (141) (76) (219) (130) Less: Allocation of (earnings) loss to participating RSUs(1): From continuing operations (1) (3) (3) (5) Earnings applicable to Morgan Stanley common shareholders $ 1,665 $ 1,820 $ 3,979 $ 3,269 Weighted average common shares outstanding 1,919 1,928 1,922 1,926 Earnings per basic common share: Income from continuing operations $ 0.87 $ 0.94 $ 2.07 $ 1.70 Income (loss) from discontinued operations — — — — Earnings per basic common share $ 0.87 $ 0.94 $ 2.07 $ 1.70 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,665 $ 1,820 $ 3,979 $ 3,269 Weighted average common shares outstanding 1,919 1,928 1,922 1,926 Effect of dilutive securities: Stock options and RSUs(1) 41 41 40 43 Weighted average common shares outstanding and common stock equivalents 1,960 1,969 1,962 1,969 Earnings per diluted common share: Income from continuing operations $ 0.85 $ 0.92 $ 2.03 $ 1.66 Income (loss) from discontinued operations — — — — Earnings per diluted common share $ 0.85 $ 0.92 $ 2.03 $ 1.66 _____________ ( 1 ) RSUs that are considered participating securities participate in all of the earnings of the Company in the computation of basic EPS, and , therefore, such RSUs are not included as incremental shares in the dilute d calculation. The following securities were considered antidilutive and, therefore, were excluded from the computation of diluted EPS: Three Months Ended Six Months Ended June 30, June 30, Number of Antidilutive Securities Outstanding at End of Period: 2015 2014 2015 2014 (shares in millions) Stock options 11 13 11 13 RSUs and performance-based stock units 1 3 1 3 Total 12 16 12 16

Interest Income and Interest Ex

Interest Income and Interest Expense	6 Months Ended
	Jun. 30, 2015
Interest Income And Interest Expense
Interest Income And Interest Expense	15. Interest Income and Interest Expense. Details of Interest income and Interest expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Interest income(1): Trading assets(2) $ 555 $ 528 $ 1,149 $ 1,029 Investment securities 238 150 438 288 Loans 529 358 1,004 730 Interest bearing deposits with banks 22 24 45 59 Securities purchased under agreements to resell and Securities borrowed(3) (200) (127) (305) (136) Customer receivables and Other(4) 242 317 539 623 Total interest income $ 1,386 $ 1,250 $ 2,870 $ 2,593 Interest expense(1): Deposits $ 17 $ 17 $ 35 $ 30 Short-term borrowings 5 2 9 2 Long-term borrowings 915 930 1,841 1,865 Securities sold under agreements to repurchase and Securities loaned(5) 235 303 543 629 Customer payables and Other(6) (484) (269) (852) (508) Total interest expense $ 688 $ 983 $ 1,576 $ 2,018 Net interest $ 698 $ 267 $ 1,294 $ 575 _____________ (1) Interest income and expense are recorded within the Company’s condensed consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is 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. (2) Interest expense on Trading liabilities is reported as a reduction to Interest income on Trading assets. (3) Includes fees paid on Securities borrowed. (4) Includes interest from Customer receivables and Other interest earning assets. (5) Includes fees received on Securities loaned. (6) Includes fees received from prime brokerage custo mers for stock loan transactions incurred to cover customers’ short positions.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Employee Benefit Plans
Employee Benefit Plans	16. Employee Benefit Plans. The Company sponsors various pension plans for the majority of its U.S. and non-U.S. employees. The Company provides certain other postretirement benefits, primarily health care and life insurance, to eligible U.S. employees. The Company also provides certain postemployment benefits to certain former employees or inactive employees prior to retirement. The components of the Company’s net periodic benefit expense for its pension and postretirement plans were as fol lows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (dollars in millions) Service cost, benefits earned during the period $ 5 $ 6 $ 10 $ 12 Interest cost on projected benefit obligation 38 40 77 80 Expected return on plan assets (29) (27) (59) (55) Net amortization of prior service cost (credit) (5) (3) (10) (6) Net amortization of actuarial loss 7 6 13 12 Net periodic benefit expense $ 16 $ 22 $ 31 $ 43

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes
Income Taxes	17. Income Taxes. The Company is under continuous examination by the Internal Revenue Service (the “IRS”) and other tax authorities in certain countries, such as Japan and the United Kingdom (“U.K.”), and in states in which the Company has significant business operations, such as New York. The Company is currently at various levels of field examina tion with respect to audits by the IRS, as well as New York State and Ne w York City, for tax years 2009–2012 and 2007– 2009, respectively. The Company is currently under review by the IRS Appeals Office for the remaining issues covering tax years 1999– 2005 and has substantially completed the IRS field examination fo r the audit of tax years 2006– 2008. During 2015, the Company expects to reach a conclusion with the U.K. tax authorities on substantially all issues through tax year 2010, the resolution of which is not expected to have a material impact on the effective tax rate on the Company’s condensed consolida ted financial statements. The Com pany believes that the resolution of these tax matters will not have a material effect on the Company’s condensed consolidated statements of financial condition, although a resolution could have a material impact on the Company’s condensed consolidated sta tements of income for a particular future period and on the Company’s effective income tax rate for any period in which such resolution occurs. The Company has established a liability for unrecognized tax benefits that the Company believes is adequate in r elation to the potential for additional assessments. Once established, the Company adjusts unrecognized tax benefits only when more information is available or when an event occurs necessitating a change. It is reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months related to certain tax authority examinations referred to above. At this time, however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and impact on the Company’s effective tax rate over the next 12 months. The Company’s effective tax rate from contin uing operations for the six months ende d June 30 , 2015 included a net discre te tax benefit of $ 564 million. T his net discrete tax benefit was primarily associated with the repatriation of non-U.S. earnings at a cost lower than originally estimated due to an internal restructuring to simplify the Company’s legal entity organization in the U.K. The Company’s effective tax rate from continuing operations for the quarter and six months ended June 30, 2014 included a net discrete tax benefit of $ 609 million principally associated with remeasurement of reserves and related interest due to new information regarding the status of the IRS field exami nation referred to above .

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting
Segment And Geographic Information	18 . Segment and Geographic Information. Segment Information. For a discussion about the Company’s business segments, see Note 21 to the consolidated financial statements in the 2014 Form 10-K. Selected financial information for the Company’s business segments is presented below: Three Months Ended June 30, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 5,205 $ 3,138 $ 757 $ (55) $ 9,045 Interest income 723 782 — (119) 1,386 Interest expense 756 45 6 (119) 688 Net interest (33) 737 (6) — 698 Net revenues $ 5,172 $ 3,875 $ 751 $ (55) $ 9,743 Income from continuing operations before income taxes $ 1,622 $ 885 $ 220 $ — $ 2,727 Provision for income taxes 511 324 59 — 894 Income from continuing operations 1,111 561 161 — 1,833 Discontinued operations: Income (loss) from discontinued operations before income taxes (2) — — — (2) Provision for income taxes — — — — — Income (loss) from discontinued operations (2) — — — (2) Net income 1,109 561 161 — 1,831 Net income applicable to nonredeemable noncontrolling interests 22 — 2 — 24 Net income applicable to Morgan Stanley $ 1,087 $ 561 $ 159 $ — $ 1,807 Three Months Ended June 30, 2014 Institutional Securities Wealth Management(3) Investment Management(3) Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 4,554 $ 3,125 $ 712 $ (50) $ 8,341 Interest income 758 616 1 (125) 1,250 Interest expense 1,064 39 8 (128) 983 Net interest (306) 577 (7) 3 267 Net revenues $ 4,248 $ 3,702 $ 705 $ (47) $ 8,608 Income from continuing operations before income taxes $ 960 $ 763 $ 209 $ — $ 1,932 Provision for (benefit from) income taxes(2) (344) 296 63 — 15 Income from continuing operations 1,304 467 146 — 1,917 Discontinued operations: Income (loss) from discontinued operations before income taxes (6) — 5 — (1) Provision for (benefit from) income taxes (3) — 2 — (1) Income (loss) from discontinued operations (3) — 3 — — Net income 1,301 467 149 — 1,917 Net income applicable to nonredeemable noncontrolling interests 11 — 7 — 18 Net income applicable to Morgan Stanley $ 1,290 $ 467 $ 142 $ — $ 1,899 Six Months Ended June 30, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 10,751 $ 6,283 $ 1,431 $ (109) $ 18,356 Interest income 1,593 1,519 1 (243) 2,870 Interest expense 1,714 93 12 (243) 1,576 Net interest (121) 1,426 (11) — 1,294 Net revenues $ 10,630 $ 7,709 $ 1,420 $ (109) $ 19,650 Income from continuing operations before income taxes $ 3,435 $ 1,740 $ 407 $ — $ 5,582 Provision for income taxes(2) 517 644 120 — 1,281 Income from continuing operations 2,918 1,096 287 — 4,301 Discontinued operations: Income (loss) from discontinued operations before income taxes (10) — — — (10) Provision for (benefit from) income taxes (3) — — — (3) Income (loss) from discontinued operations (7) — — — (7) Net income 2,911 1,096 287 — 4,294 Net income applicable to nonredeemable noncontrolling interests 74 — 19 — 93 Net income applicable to Morgan Stanley $ 2,837 $ 1,096 $ 268 $ — $ 4,201 Six Months Ended June 30, 2014 Institutional Securities Wealth Management(3) Investment Management(3) Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 9,456 $ 6,196 $ 1,468 $ (91) $ 17,029 Interest income 1,639 1,197 2 (245) 2,593 Interest expense 2,170 82 13 (247) 2,018 Net interest (531) 1,115 (11) 2 575 Net revenues $ 8,925 $ 7,311 $ 1,457 $ (89) $ 17,604 Income from continuing operations before income taxes $ 2,376 $ 1,449 $ 477 $ — $ 4,302 Provision for income taxes(2) 82 561 157 — 800 Income from continuing operations 2,294 888 320 — 3,502 Discontinued operations: Income (loss) from discontinued operations before income taxes (9) — 6 — (3) Provision for (benefit from) income taxes (4) — 2 — (2) Income (loss) from discontinued operations (5) — 4 — (1) Net income 2,289 888 324 — 3,501 Net income applicable to nonredeemable noncontrolling interests 36 — 61 — 97 Net income applicable to Morgan Stanley $ 2,253 $ 888 $ 263 $ — $ 3,404 (1) In certain management fee arrangements, the Company is entitled to receive performance-based fees (also referred to as incentive fees) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenue is accrued (or reversed) quarterly based on measuring account fund performance to date versus the performance benchmark stated in the investment management agreement. The amount of cumulative performance-based fee rev enue at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 618 million at June 30, 2015 and approximately $ 634 million at December 31, 201 4 (see Note 2 to the Company’s consolid ated financial statements in the 2014 Form 10-K ). (2) The Company’s effective tax rate from continuing operations for the six months ended June 30, 2015 included a net discrete tax benefit of $ 564 million (within the Company’s Institutional Securitie s business segment). The Company’s effective tax rate from continuing operations for the quarter and six months ended June 30, 2014 included a net discrete tax benefit of $ 6 09 million (primarily within the Company’s Institutional Securities business segment) ( see Note 17). (3) On October 1, 2014, the Managed Futures business was transferred from the Company’s Wealth Management business segment to the Company’s Investment Management business segment. All prior-period amounts have been recast to conform to t he current year’s presentation . Total Assets(1) Institutional Securities(2) Wealth Management Investment Management Total (dollars in millions) At June 30, 2015 $ 656,529 $ 163,943 $ 5,283 $ 825,755 At December 31, 2014 $ 630,341 $ 165,147 $ 6,022 $ 801,510 (1) Corporate assets have been fully allocated to the Company’s business segments. (2) Includes a $ 159 million net increase in Intangible assets in the second quarter of 2015. Sa les of intangible assets resulted in a gain of $ 78 million recorded in Other revenues in the Company’s condensed consolidated statements of income. Geographic Information. For a discussion about the Company’s geographic net revenues, see Note 21 to the consolidated financial statements in the 2014 Form 10-K. Three Months Ended Six Months Ended June 30, June 30, Net Revenues 2015 2014 2015 2014 (dollars in millions) Americas $ 6,777 $ 6,132 $ 13,707 $ 12,714 EMEA 1,436 1,498 3,198 2,920 Asia-Pacific 1,530 978 2,745 1,970 Net revenues $ 9,743 $ 8,608 $ 19,650 $ 17,604

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2015
Wealth Management JV
Equity Method Investments	19. Equity Method Investments. The Company has investments accounted for under the equity method of accounting (see Note 1 to the consolidated financial statements in the 2014 Form 10-K ) of $ 3,147 million and $ 3,332 million at June 30, 2015 and December 31, 2014, respectively, included in Other investments in the Company’s condensed consolidated statements of financial condition. Income from equity method investments was $ 45 million and $ 20 million for the quarters ended June 30, 2015 and 2014 , respectively, and $83 million and $76 million for t he six months ended June 30, 2015 and 2014 , respectively, and is included in Other revenues in the Company’s condensed consolidated statements of income. Income from the Company’s equity method investments for the quarters and six months ended June 30, 2015 and 2014 was primarily related to the Company’s 40 % stake in Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”), as described below. Japanese Securities Joint Venture. The Company holds a 40% voting interest and Mitsubishi UFJ Financial Group, Inc. holds a 60 % voting interest in MUMSS. The Company accounts for its interest in MUMSS as an equity method investment within the Company’s Institutional Securities business segment. During the quarters ended June 30, 2015 and 2014 , the Company recorded income of $ 71 million and $ 34 million, respectively, and income of $ 140 million and $ 91 million in the six months ended June 30, 2015 and 2014 , respectively, within Other revenues in the Company’s condensed consolidated statements of income, arising from the Company’s 40% stake in MUMSS. In June 2015 and 2014 , MUMSS paid a dividend of approximately $ 291 million and $ 594 million, respect ively, of which the Company received approximately $ 116 million and $ 238 million, respectively, for its proportionate share of MUMSS.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events
Subsequent Events	20 . Subsequent Events. The Company has evaluated subsequent events for adjustment to or disclosure in its condensed consolidated financial statements through the date of this report, and has not identified any recordable or disclosable events, not otherwise reported in these condensed consolidated financial statements or the notes thereto, except for the following: C ommon Stock Dividend. On July 20, 2015, the Company announced that its Board of Directors declared a quarterly dividend per common share of $0.15. The dividend is payable on August 14, 2015 to common shareholders of record on July 31, 2015 (see Note 13 ). Long-Term Borrowing s . Subsequent to June 3 0 , 201 5 and through July 31 , 201 5 , the Company’s long-term borrowings increased by approximately $1.8 billion, net of repayments and maturities. This amount includes the Company’s issuance of $3.0 billion in senior debt on July 23, 2015.

Significant Accounting Polici28

Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Consolidated Statements of Cash Flows	Condensed Consolidated Statements of Cash Flows. In the second quarter of 2015, the Company deconsolidated approximately $ 191 million in net assets previously attributable to nonredeemable noncontrolling interests that were related to a real estate fund sponsored by the Company. The deconsolidation resulted in a non-cash reduction of assets of $ 169 million. In the second quarter of 2014, th e Company deconsolidated approximately $ 1.6 billion in net assets previously attributable to nonredeemable noncontrolling interests related to certain legal entities associated with another real estate fund sponsored by the Company. The deconsolidation res ulted in a non-cash reduction of assets of $ 1.3 billion.
Accounting Standards Adopted	Accounting Standards Adopted. Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In June 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting update requiring repurchase-to-maturity transactions be accounted for as secured borrowings consistent with the accounting for other repurchase agreements. This accounting update also requires s eparate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty (a repurchase financing), which will result in secured borrowing accounting for the repurchase agreement. This guidance became effective for the Company beginning January 1, 2015. In addition, new disclosures are required for sales of financial assets where the Company retains substantially all the exposure throughout the term and for the collateral pledged and remaining m aturity of repurchase and securities lending agreements, which were effective January 1, 2015, and April 1, 2015, respectively. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. For f urther information on the adoption of this guidance, see Notes 5 and 6. Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). In May 2015, the FASB issued an accounting update that removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured at net asset value (“NAV”) per share, or its equivalent using the practical expedient . The Company adopted this guidance retrospectively during the second quart er of 2015, as early adoption is permitted. For further information on the adoption of this guidance, see Note 3.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured 2015 . Assets and Liabilities Measured at Fair Value on a Recurring Basis at June 30, 2015. Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 16,664 $ — $ — $ — $ 16,664 U.S. agency securities 1,331 16,793 3 — 18,127 Total U.S. government and agency securities 17,995 16,793 3 — 34,791 Other sovereign government obligations 17,317 9,023 12 — 26,352 Corporate and other debt: State and municipal securities — 1,987 7 — 1,994 Residential mortgage-backed securities — 2,118 378 — 2,496 Commercial mortgage-backed securities — 1,319 84 — 1,403 Asset-backed securities — 839 19 — 858 Corporate bonds — 14,321 479 — 14,800 Collateralized debt and loan obligations — 362 660 — 1,022 Loans and lending commitments — 6,595 5,512 — 12,107 Other debt — 2,168 564 — 2,732 Total corporate and other debt — 29,709 7,703 — 37,412 Corporate equities(1) 109,680 1,045 486 — 111,211 Derivative and other contracts: Interest rate contracts 827 352,457 2,211 — 355,495 Credit contracts — 24,053 886 — 24,939 Foreign exchange contracts 60 63,005 492 — 63,557 Equity contracts 633 47,745 1,121 — 49,499 Commodity contracts 3,380 11,427 3,145 — 17,952 Other — 145 — — 145 Netting(2) (4,515) (416,622) (4,211) (53,700) (479,048) Total derivative and other contracts 385 82,210 3,644 (53,700) 32,539 Investments: Investments measured at NAV(3) 4,534 Principal investments 57 25 581 — 663 Other 193 222 300 — 715 Total investments 250 247 881 — 5,912 Physical commodities — 2,062 — — 2,062 Total trading assets 145,627 141,089 12,729 (53,700) 250,279 AFS securities 28,478 35,231 — — 63,709 Securities received as collateral 15,480 9 3 — 15,492 Securities purchased under agreements to resell — 810 — — 810 Intangible assets(4) — — 6 — 6 Total assets measured at fair value $ 189,585 $ 177,139 $ 12,738 $ (53,700) $ 330,296 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at June 30, 2015 (dollars in millions) Liabilities at Fair Value Short-term borrowings $ — $ 2,825 $ — $ — $ 2,825 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 15,679 — — — 15,679 U.S. agency securities 1,111 179 — — 1,290 Total U.S. government and agency securities 16,790 179 — — 16,969 Other sovereign government obligations 18,040 2,353 — — 20,393 Corporate and other debt: State and municipal securities — 2 — — 2 Corporate bonds — 5,906 15 — 5,921 Unfunded lending commitments — 6 — — 6 Other debt — 4 4 — 8 Total corporate and other debt — 5,918 19 — 5,937 Corporate equities(1) 42,192 1,577 112 — 43,881 Derivative and other contracts: Interest rate contracts 766 330,343 2,447 — 333,556 Credit contracts — 23,178 1,875 — 25,053 Foreign exchange contracts 12 66,247 46 — 66,305 Equity contracts 490 54,568 3,223 — 58,281 Commodity contracts 3,811 11,448 1,940 — 17,199 Other — 169 — — 169 Netting(2) (4,515) (416,622) (4,211) (37,243) (462,591) Total derivative and other contracts 564 69,331 5,320 (37,243) 37,972 Total trading liabilities 77,586 79,358 5,451 (37,243) 125,152 Obligation to return securities received as collateral 23,237 10 3 — 23,250 Securities sold under agreements to repurchase — 440 154 — 594 Other secured financings — 3,906 168 — 4,074 Long-term borrowings — 30,773 2,221 — 32,994 Total liabilities measured at fair value $ 100,823 $ 117,312 $ 7,997 $ (37,243) $ 188,889 _____________ AFS—available for sale (1) The Company holds or sells short for trading purposes equity securities issued by entities in diverse industries and of varying size. (2) 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 “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the s ame level is included within that level. For further information on derivative instruments and hedging activities, see Note 10. (3) Certain investments that are measured at fair value using the NAV per share , or its equivalent , are not classified in th e fair value hierarchy. For additional disclosure about such investments, see “Fair Value of Investments that are Measured at Net Asset Value” herein. (4) Amount represents mortgage servicing rights (“MSRs”) accounted for at fair value. Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Counterparty and Cash Collateral Netting Balance at December 31, 2014 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 16,961 $ — $ — $ — $ 16,961 U.S. agency securities 850 18,193 — — 19,043 Total U.S. government and agency securities 17,811 18,193 — — 36,004 Other sovereign government obligations 15,149 7,888 41 — 23,078 Corporate and other debt: State and municipal securities — 2,049 — — 2,049 Residential mortgage-backed securities — 1,991 175 — 2,166 Commercial mortgage-backed securities — 1,484 96 — 1,580 Asset-backed securities — 583 76 — 659 Corporate bonds — 15,800 386 — 16,186 Collateralized debt and loan obligations — 741 1,152 — 1,893 Loans and lending commitments — 6,088 5,874 — 11,962 Other debt — 2,167 285 — 2,452 Total corporate and other debt — 30,903 8,044 — 38,947 Corporate equities(1) 112,490 1,357 272 — 114,119 Derivative and other contracts: Interest rate contracts 663 495,026 2,484 — 498,173 Credit contracts — 30,813 1,369 — 32,182 Foreign exchange contracts 83 72,769 249 — 73,101 Equity contracts(2) 571 45,967 1,586 — 48,124 Commodity contracts 4,105 18,042 2,268 — 24,415 Other — 376 — — 376 Netting(3) (4,910) (564,127) (4,220) (66,720) (639,977) Total derivative and other contracts 512 98,866 3,736 (66,720) 36,394 Investments: Investments measured at NAV(4) 5,009 Principal investments 58 3 835 — 896 Other 225 198 323 — 746 Total investments 283 201 1,158 — 6,651 Physical commodities — 1,608 — — 1,608 Total trading assets 146,245 159,016 13,251 (66,720) 256,801 AFS securities 37,200 32,016 — — 69,216 Securities received as collateral 21,265 51 — — 21,316 Securities purchased under agreements to resell — 1,113 — — 1,113 Intangible assets(5) — — 6 — 6 Total assets measured at fair value $ 204,710 $ 192,196 $ 13,257 $ (66,720) $ 348,452 Liabilities at Fair Value Short-term borrowings $ — 1,765 $ — $ — $ 1,765 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 14,199 — — — 14,199 U.S. agency securities 1,274 85 — — 1,359 Total U.S. government and agency securities 15,473 85 — — 15,558 Other sovereign government obligations 11,653 2,109 — — 13,762 Corporate and other debt: State and municipal securities — 1 — — 1 Corporate bonds — 5,943 78 — 6,021 Unfunded lending commitments — 10 5 — 15 Other debt — 63 38 — 101 Total corporate and other debt — 6,017 121 — 6,138 Corporate equities(1) 31,340 326 45 — 31,711 Derivative and other contracts: Interest rate contracts 602 469,319 2,657 — 472,578 Credit contracts — 29,997 2,112 — 32,109 Foreign exchange contracts 21 72,233 98 — 72,352 Equity contracts(2) 416 51,405 3,751 — 55,572 Commodity contracts 4,817 15,584 1,122 — 21,523 Other — 172 — — 172 Netting(3) (4,910) (564,127) (4,220) (40,837) (614,094) Total derivative and other contracts 946 74,583 5,520 (40,837) 40,212 Total trading liabilities 59,412 83,120 5,686 (40,837) 107,381 Obligation to return securities received as collateral 25,629 56 — — 25,685 Securities sold under agreements to repurchase — 459 153 — 612 Other secured financings — 4,355 149 — 4,504 Long-term borrowings — 29,840 1,934 — 31,774 Total liabilities measured at fair value $ 85,041 $ 119,595 $ 7,922 $ (40,837) $ 171,721 _____________ (1 ) The Company holds or sells short for trading purposes equity securities issued by entities in diverse industries and of varying size. (2) Level 3 asset derivative equity contracts increased by $ 57 million with a corresponding decrease in the balance of Level 2 asset derivative equity contracts, and the balance of Level 3 liability derivative equity contracts increased by $ 842 million with a corresponding decrease in the balance of Level 2 liability derivative equity contracts to correct the fair value level assigned to these contracts at December 31, 2014. The total amount of asset and liability derivative equity contracts remained unchanged. (3) 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 “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the same level is included within that level. For further information on derivative instruments and hedging activities, see Note 10. (4) Certain investments that are measured at fair value using the NAV per share, or its equivalent , are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Fair Value of Investments that are Measured at Net Asset Value” herein. (5) Amount represents MSRs accounted for at fair value.
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis	Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Quarter Ended June 30, 2015 Beginning Balance at March 31, 2015 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015(2) (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ — $ (3) $ — $ — $ 6 $ 3 $ — Other sovereign government obligations 11 — 5 (1) — — (3) 12 — Corporate and other debt: State and municipal securities — 1 4 (9) — — 11 7 1 Residential mortgage-backed securities 296 2 138 (32) — — (26) 378 2 Commercial mortgage-backed securities 180 (4) 5 (9) — — (88) 84 (5) Asset-backed securities 67 5 11 (64) — — — 19 1 Corporate bonds 424 (4) 228 (150) — (2) (17) 479 (16) Collateralized debt and loan obligations 822 68 300 (439) — (78) (13) 660 (10) Loans and lending commitments 4,789 31 1,615 (351) — (491) (81) 5,512 26 Other debt 486 (1) 130 (51) — — — 564 (1) Total corporate and other debt 7,064 98 2,431 (1,105) — (571) (214) 7,703 (2) Corporate equities 230 38 266 (92) — — 44 486 26 Net derivative and other contracts(3): Interest rate contracts (496) 95 4 — (13) 14 160 (236) 135 Credit contracts (984) (24) 4 — (24) 23 16 (989) (29) Foreign exchange contracts 297 57 — — (1) 43 50 446 82 Equity contracts (2,472) (23) 39 — (54) 206 202 (2,102) (161) Commodity contracts 1,345 4 2 — (112) (34) — 1,205 (27) Total net derivative and other contracts (2,310) 109 49 — (204) 252 428 (1,676) — Investments: Principal investments 829 (21) 5 (12) — (205) (15) 581 (21) Other 391 (4) — — — — (87) 300 — Securities received as collateral 33 — — (30) — — — 3 — Intangible assets 5 1 — — — — — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 23 $ — $ (21) $ 15 $ — $ — $ (2) $ 15 $ — Other debt 23 — — 10 — (29) — 4 — Total corporate and other debt 46 — (21) 25 — (29) (2) 19 — Corporate equities 50 240 (49) 2 — — 349 112 240 Obligation to return securities received as collateral 33 — (30) — — — — 3 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 133 2 — — 37 — — 168 2 Long-term borrowings 1,738 51 — — 549 (88) 73 2,221 51 ___________________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the condensed consolidated statements of income except for $ (25) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2015 related to assets and liabilities still outstanding at June 30, 2015 . (3) Net derivative and other contracts repres ent Trading assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Six Months Ended June 30, 2015 Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015(2) (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ — $ — $ — $ — $ 3 $ — Other sovereign government obligations 41 1 6 (32) — — (4) 12 1 Corporate and other debt: State and municipal securities — 1 4 — — — 2 7 1 Residential mortgage-backed securities 175 21 163 (51) — — 70 378 12 Commercial mortgage-backed securities 96 (6) 16 (22) — — — 84 (9) Asset-backed securities 76 (4) 11 (29) — — (35) 19 2 Corporate bonds 386 10 213 (126) — (1) (3) 479 9 Collateralized debt and loan obligations 1,152 145 404 (682) — (331) (28) 660 (6) Loans and lending commitments 5,874 35 2,082 (209) — (2,078) (192) 5,512 30 Other debt 285 (8) 12 — — (1) 276 564 6 Total corporate and other debt 8,044 194 2,905 (1,119) — (2,411) 90 7,703 45 Corporate equities 272 64 260 (147) — — 37 486 49 Net derivative and other contracts(3): Interest rate contracts (173) 188 9 — (20) 124 (364) (236) 197 Credit contracts (743) (276) 17 — (54) 31 36 (989) (284) Foreign exchange contracts 151 121 — — (1) 144 31 446 120 Equity contracts(4) (2,165) (73) 69 — (225) 156 136 (2,102) (160) Commodity contracts 1,146 299 3 — (112) (72) (59) 1,205 234 Total net derivative and other contracts (1,784) 259 98 — (412) 383 (220) (1,676) 107 Investments: Principal investments 835 (4) 15 (46) — (205) (14) 581 (26) Other 323 (16) 2 (6) — — (3) 300 (12) Securities received as collateral — — 3 — — — — 3 — Intangible assets 6 1 — — — (1) — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (2) $ (12) $ 14 $ — $ — $ (67) $ 15 $ (2) Unfunded lending commitments 5 5 — — — — — — 5 Other debt 38 — — 6 — (39) (1) 4 — Total corporate and other debt 121 3 (12) 20 — (39) (68) 19 3 Corporate equities 45 19 (75) 25 — — 136 112 20 Obligation to return securities received as collateral — — — 3 — — — 3 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (6) — — 37 (24) — 168 2 Long-term borrowings 1,934 65 — — 612 (300) 40 2,221 59 ___________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the Company’s condensed consolidated statements of income except for $ (20) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2015 related to assets and liabilities still outstanding at June 30, 2015 . (3) Net derivative and other contracts repres ent Trading assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. (4 ) Net liability Level 3 derivative equity contrac ts increased by $ 785 million to correct the fair value level assigned to these contracts at December 31, 2014. The total amount of derivative equity contracts remained unchanged at December 31, 2014. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Quarter Ended June 30, 2014 Beginning Balance at March 31, 2014 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2014 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2014(2) (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 8 $ — $ 7 $ (2) $ — $ — $ 1 $ 14 $ — Corporate and other debt: State and municipal securities — — 4 — — — — 4 — Residential mortgage-backed securities 51 10 1 (7) — — — 55 8 Commercial mortgage-backed securities 80 5 14 (52) — — — 47 (1) Asset-backed securities 146 — 28 (115) — — 6 65 — Corporate bonds 538 64 100 (223) — — 31 510 42 Collateralized debt obligations 1,293 79 497 (534) — (27) 24 1,332 32 Loans and lending commitments 4,988 146 1,505 (423) — (304) (83) 5,829 188 Other debt 31 2 8 (17) — (2) — 22 2 Total corporate and other debt 7,127 306 2,157 (1,371) — (333) (22) 7,864 271 Corporate equities 263 16 68 (29) — — (75) 243 11 Net derivative and other contracts(3): Interest rate contracts (121) (64) 1 — — 77 (2) (109) (25) Credit contracts (231) (362) 8 — (8) (157) 40 (710) (357) Foreign exchange contracts 52 21 3 (1) — 30 4 109 21 Equity contracts (1,099) 3 29 (1) (32) (102) 105 (1,097) (25) Commodity contracts 1,074 (43) 108 — — (7) — 1,132 (55) Other (1) (1) — — — (1) — (3) (1) Total net derivative and other contracts (326) (446) 149 (2) (40) (160) 147 (678) (442) Investments: Principal investments 2,193 (14) 16 (72) — (1,234) (6) 883 65 Other 521 2 2 (10) — — (135) 380 9 Securities received as collateral 3 — — — — (3) — — — Intangible assets 7 (1) — — — — — 6 (1) Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 3 $ (1) $ (4) $ 13 $ — $ — $ 1 $ 14 $ — Unfunded lending commitments 6 (5) — 1 — — — 12 (5) Other debt 68 11 — 5 — (20) — 42 2 Total corporate and other debt 77 5 (4) 19 — (20) 1 68 (3) Corporate equities 10 (1) (21) 17 — — (1) 6 — Obligation to return securities received as collateral 3 — — — — — (3) — — Securities sold under agreements to repurchase 154 (1) — — — — — 155 (1) Other secured financings 275 (5) — — 17 (178) 16 135 (4) Long-term borrowings 1,878 (50) — — 160 (89) (220) 1,779 (50) ___________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the condensed consolidated statements of income except for $ (12) million related to Trading assets—Investments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2014 related to assets and liabilities still outstanding at June 30, 2014 . (3) Net derivative and other contracts represent Trad ing assets—Derivative and other contracts net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Six Months Ended June 30, 2014 Beginning Balance at December 31, 2013 Total Realized and Unrealized Gains (Losses)(1) Purchases Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2014 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2014(2) (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 27 $ — $ 8 $ (21) $ — $ — $ — $ 14 $ — Corporate and other debt: State and municipal securities — — 4 — — — — 4 — Residential mortgage-backed securities 47 13 1 (5) — — (1) 55 9 Commercial mortgage-backed securities 108 13 23 (97) — — — 47 (1) Asset-backed securities 103 (4) 30 (88) — — 24 65 — Corporate bonds 522 96 169 (304) — — 27 510 68 Collateralized debt and loan obligations 1,468 134 658 (886) — (72) 30 1,332 52 Loans and lending commitments 5,129 (137) 1,770 (343) — (634) 44 5,829 (117) Other debt 27 2 8 (18) — — 3 22 1 Total corporate and other debt 7,404 117 2,663 (1,741) — (706) 127 7,864 12 Corporate equities 190 18 79 (38) — — (6) 243 14 Net derivative and other contracts(3): Interest rate contracts 113 (141) 1 — — (46) (36) (109) (130) Credit contracts (147) (576) 45 — (62) 47 (17) (710) (582) Foreign exchange contracts 68 14 4 (1) — 38 (14) 109 15 Equity contracts (831) (15) 175 (2) (218) (280) 74 (1,097) (58) Commodity contracts 880 121 164 — — (33) — 1,132 98 Other (4) (3) — — — 4 — (3) (3) Total net derivative and other contracts 79 (600) 389 (3) (280) (270) 7 (678) (660) Investments: Principal investments 2,160 47 16 (84) — (1,234) (22) 883 128 Other 538 (10) 13 (21) — — (140) 380 (3) Intangible assets 8 (1) — — — (1) — 6 (1) Liabilities at Fair Value Short-term borrowings $ 1 $ — $ — $ — $ — $ (1) $ — $ — $ — Trading liabilities: Corporate and other debt: Corporate bonds 22 1 (50) 47 — — (4) 14 — Unfunded lending commitments 2 (9) — 1 — — — 12 (9) Other debt 48 10 — — — 3 1 42 1 Total corporate and other debt 72 2 (50) 48 — 3 (3) 68 (8) Corporate equities 8 (1) (22) 15 — — 4 6 (1) Securities sold under agreements to repurchase 154 (1) — — — — — 155 (1) Other secured financings 278 (9) — — 18 (186) 16 135 (5) Long-term borrowings 1,887 (80) — — 359 (233) (314) 1,779 (81) __________ (1) Total realized and unrealized gains (losses) are primarily included in Trading revenues in the Company’s condensed consolidated statements of income except for $ 37 million related to Trading assets—I nvestments, which is included in Investments revenues. (2) Amounts represent unrealized gains (losses) for the quarter ended June 30, 2014 related to assets and liabilities still outstanding at June 30, 2014 . (3) Net derivative and other cont racts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative and other contracts. For further information on derivative instruments and hedging activities, see Note 10.
Quantitative Information about and Sensitivity of Significant Unobservable Inputs used in Recurring Level 3 Fair Value Measurements	Balance at June 30, 2015 Valuations Technique(s) / Significant Unobservable Input(s) / Sensitivity of the Fair Value to Changes in the Unobservable Inputs Range(1) Averages(2) (dollars in millions) Assets Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 378 Comparable pricing: Comparable bond price / (A) 0 to 82 points 41 points Commercial mortgage-backed securities 84 Comparable pricing: Comparable bond price / (A) 0 to 10 points 1 points Corporate bonds 479 Comparable pricing: Comparable bond price / (A) 3 to 125 points 61 points Collateralized debt and loan obligations 660 Comparable pricing(3): Comparable bond price / (A) 55 to 104 points 82 points Correlation model: Credit correlation / (B) 42% to 61% 53% Loans and lending commitments 5,512 Corporate loan model: Credit spread / (C) 127 to 706 basis points 464 basis points Margin loan model: Credit spread / (C)(D) 82 to 513 basis points 157 basis points Volatility skew / (C)(D) 18% to 57% 25% Discount rate / (C)(D) 2% to 3% 3% Option model: Volatility skew / (C) 0% 0% Comparable pricing(3): Comparable loan price / (A) 39 to 104 points 89 points Other debt 564 Comparable pricing: Comparable loan price / (A) 3 to 81 points 64 points Comparable pricing: Comparable bond price / (A) 11 points 11 points Option model: At the money volatility / (A) 15% to 54% 16% Margin loan model(3): Discount rate / (C) 0% to 5% 2% Corporate equities 486 Net asset value: Discount to net asset value / (C) 0% to 71% 36% Comparable pricing: Comparable price / (A) 7% to 91% 79% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A)(D) 8 to 10 times 9 times Price / Book ratio / (A)(D) 0 times 0 times Net derivative and other contracts(4): Interest rate contracts (236) Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 43% (5) Interest rate volatility skew / (A)(D) 32% to 106% 49% / 52% (5) Interest rate quanto correlation / (A)(D) -14% to 35% 2% / -8% (5) Interest rate curve correlation / (C)(D) 12% to 95% 60% / 73% (5) Inflation volatility / (A)(D) 61% 61% / 61% (5) Interest rate - Inflation correlation / (A)(D) -40% to -39% -39% / -39% (5) Credit contracts (989) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 9 points Comparable bond price / (C)(D) 0 to 65 points 20 points Correlation model(3): Credit correlation / (B) 41% to 99% 63% Foreign exchange contracts(6) 446 Option model: Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 43% (5) Interest rate volatility skew / (A)(D) 32% to 106% 49% / 52% (5) Interest rate curve / (A)(D) 0% to 1% 0% / 0% (5) Equity contracts(6) (2,102) Option model: At the money volatility / (A)(D) 6% to 54% 31% Volatility skew / (A)(D) -3% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 99% 69% Equity - Foreign exchange correlation / (C)(D) -50% to 10% -24% Equity - Interest rate correlation / (C)(D) -22% to 71% 19% / 4% (5) Commodity contracts 1,205 Option model: Forward power price / (C)(D) $6 to $101 per $35 per Megawatt hour Megawatt hour Commodity volatility / (A)(D) 10% to 75% 18% Cross commodity correlation / (C)(D) 33% to 100% 93% Investments: Principal investments 581 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 12% 12% Exit multiple / (A)(D) 10 times 10 times Capitalization rate / (C)(D) 5 to 10 % 6% Equity discount rate / (C)(D) 18% to 35% 21% Market approach(3): EBITDA multiple / (A)(D) 8 to 15 times 11 times Price / Earnings ratio / (A)(D) 30 times 30 times Forward capacity price / (A)(D) $5 to $7 $7 Comparable pricing: Comparable equity price / (A) 100% 100% Other 300 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 10% 10% Exit multiple / (A)(D) 11 times 11 times Market approach: EBITDA multiple / (A)(D) 8 to 13 times 10 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities Trading liabilities: Corporate equities $ 112 Comparable pricing: Comparable equity price / (A) 55 % 55% Securities sold under agreements to repurchase 154 Discounted cash flow: Funding spread / (A) 75 to 98 basis points 89 basis points Other secured financings 168 Comparable pricing: Comparable bond price / (A) 100 points 100 points Comparable pricing: Comparable bond price / (C) 0 to 15 points 8 points Discounted cash flow: Discount rate / (C) 16 % 16% Discounted cash flow(3): Funding spread / (A) 88 to 109 basis points 98 basis points Long-term borrowings 2,221 Option model(3): At the money volatility / (C)(D) 20% to 35% 29% Volatility skew / (C)(D) -1% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 90% 66% Equity - Foreign exchange correlation / (C)(D) -70% to 35% -34% Option model: Equity alpha / (A) 33% to 85% 73% Correlation model: Credit correlation / (B) 44% to 60% 45% Valuation Technique(s) / Balance at Significant Unobservable Input(s) / December 31, Sensitivity of the Fair Value to Changes 2014 in the Unobservable Inputs Range(1) Averages(2) Assets (dollars in millions) Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 175 Comparable pricing: Comparable bond price / (A) 3 to 90 points 15 points Commercial mortgage-backed securities 96 Comparable pricing: Comparable bond price / (A) 0 to 7 points 1 points Asset-backed securities 76 Comparable pricing: Comparable bond price / (A) 0 to 62 points 23 points Corporate bonds 386 Comparable pricing: Comparable bond price / (A) 1 to 160 points 90 points Collateralized debt and loan obligations 1,152 Comparable pricing(3): Comparable bond price / (A) 20 to 100 points 66 points Correlation model: Credit correlation / (B) 47% to 65% 56% Loans and lending commitments 5,874 Corporate loan model: Credit spread / (C) 36 to 753 basis points 373 basis points Margin loan model: Credit spread / (C)(D) 150 to 451 basis points 216 basis points Volatility skew / (C)(D) 3% to 37% 21% Discount rate / (C)(D) 2% to 3% 3% Option model: Volatility skew / (C) -1% -1% Comparable pricing(3): Comparable loan price / (A) 15 to 105 points 89 points Other debt 285 Comparable pricing(3): Comparable loan price / (A) 0 to 75 points 39 points Comparable pricing: Comparable bond price / (A) 15 points 15 points Option model: At the money volatility / (A) 15% to 54% 15% Corporate equities 272 Net asset value: Discount to net asset value / (C) 0% to 71% 36% Comparable pricing: Comparable price / (A) 83% to 96% 85% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A)(D) 6 to 9 times 8 times Price / Book ratio / (A)(D) 0 times 0 times Net derivative and other contracts(4): Interest rate contracts (173) Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 42%(5) Interest rate volatility skew / (A)(D) 38% to 104% 86% / 60%(5) Interest rate quanto correlation / (A)(D) -9% to 35% 6% / -6%(5) Interest rate curve correlation / (A)(D) 44% to 87% 73% / 80%(5) Inflation volatility / (A)(D) 69% to 71% 70% / 71%(5) Interest rate - Inflation correlation / (A)(D) -44% to -40% -42% / -43%(5) Credit contracts (743) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 13 points 9 points Comparable bond price / (C)(D) 0 to 55 points 18 points Correlation model(3): Credit correlation / (B) 42% to 95% 63% Foreign exchange contracts(6) 151 Option model: Interest rate quanto correlation / (A)(D) -9% to 35% 6% / -6%(5) Interest rate - Credit spread correlation / (A)(D) -54% to -2% -17% / -11%(5) Interest rate curve correlation / (A)(D) 44% to 87% 73% / 80%(5) Interest rate - Foreign exchange correlation / (A)(D) 28% to 62% 44% / 42%(5) Interest rate curve / (A)(D) 0% to 2% 1% / 1%(5) Equity contracts(6)(7) (2,165) Option model: At the money volatility / (A)(D) 14% to 51% 29% Volatility skew / (A)(D) -2% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 99% 72% Equity - Foreign exchange correlation / (C)(D) -50% to 10% -16% Equity - Interest rate correlation / (C)(D) -18% to 81% 26% / 11%(5) Commodity contracts 1,146 Option model: Forward power price / (C)(D) $5 to $106 per $38 per Megawatt hour Megawatt hour Commodity volatility / (A)(D) 11% to 90% 19% Cross commodity correlation / (C)(D) 33% to 100% 93% Investments: Principal investments 835 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 11% 11% Exit multiple / (A)(D) 10 times 10 times Discounted cash flow: Equity discount rate / (C) 25% 25% Market approach(3): EBITDA multiple / (A)(D) 4 to 14 times 10 times Price / Earnings ratio / (A)(D) 23 times 23 times Forward capacity price / (A)(D) $5 to $7 $7 Comparable pricing: Comparable equity price / (A) 64% to 100% 95% Other 323 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 10% to 13% 11% Exit multiple / (A)(D) 6 to 9 times 9 times Market approach: EBITDA multiple / (A)(D) 9 to 13 times 10 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities Trading liabilities: Corporate and other debt: Corporate bonds $ 78 Option model: Volatility skew / (C)(D) -1% -1% At the money volatility / (C)(D) 10% 10% Securities sold under agreements to repurchase 153 Discounted cash flow: Funding spread / (A) 75 to 91 basis points 86 basis points Other secured financings 149 Comparable pricing: Comparable bond price / (A) 99 to 101 points 100 points Discounted cash flow(3): Funding spread / (A) 82 to 98 basis points 95 basis points Long-term borrowings 1,934 Option model(3): At the money volatility / (C)(D) 18% to 32% 27% Volatility skew / (A)(D) -1% to 0% 0% Equity - Equity correlation / (A)(D) 40% to 90% 68% Equity - Foreign exchange correlation / (C)(D) -73% to 30% -32% Option model: Equity alpha / (A) 0% to 94% 67% Correlation model: Credit correlation / (B) 48% to 65% 51% ________________ EBITDA— Earnings before interest, taxes, depreciation and amortization (1) The ranges of significant unobservable inputs are represented in points, percentages, basis points, times or megawatt hours. Points are a percentage of par; for example, 82 points would be 82 % of par. A basis point equals 1/100th of 1%; for example, 706 basis points would equal 7.06 %. (2) Amounts represent weighted averages except where simple average s and the median of the inputs are provided (see footnote 5 below). Weighted averages are calculated by weighting each input by the fair value of the respective financial instruments except for collateralized debt and loan obligations, principal investment s, other debt, corporate bonds, long-term borrowings and derivative instruments where some or all inputs are weighted by risk. (3) This is the predominant valuation technique for this major asset or liability class. (4) Credit Valuation Adjustment (“CVA”) and Funding Valuation Adjustments (“FVA”) are included in the balance, but excluded from the Valuation Technique(s) and Significant Unobservable Input(s) in the table above. CVA is a Level 3 input when the underlying counterparty credit curve is unobservab le. FVA is a Level 3 input in its entirety given the lack of observability of funding spreads in the principal market. (5) The data structure of the significant unobservable inputs used in valuing interest rate contracts, foreign exchange contracts and cer tain equity contracts may be in a multi-dimensional form, such as a curve or surface, with risk distributed across the structure. Therefore, a simple average and median, together with the range of data inputs, may be more appropriate measurements than a s ingle point weighted average. (6) Includes derivative contracts with multiple risks ( i.e., hybrid products). (7) Net liability Level 3 derivative equity contracts increased by $ 785 million to correct the fair value level assigned to these contracts a t December 31, 2014. This correction did not result in a change to the Valuation Technique ( s ) , Significant Unobservable Inputs, Ranges or Averages. Sensitivity of the fair value to changes in the unobservable inputs: (A) Significant increase (decrease ) in the unobservable input in isolation would result in a significantly higher (lower) fair value measurement. (B) Significant changes in credit correlation may result in a significantly higher or lower fair value measurement. Increasing (decreasing) cor relation drives a redistribution of risk within the capital structure such that junior tranches become less (more) risky and senior tranches become more (less) risky. (C) Significant increase (decrease) in the unobservable input in isolation would result in a significantly lower (higher) fair value measurement. (D) There are no predictable relationships between the significant unobservable inputs.
Fair Value of Investments that Calculate Net Asset Value	At June 30, 2015 At December 31, 2014 Unfunded Unfunded Fair Value Commitment Fair Value Commitment (dollars in millions) Private equity funds $ 2,155 $ 618 $ 2,569 $ 613 Real estate funds 1,683 111 1,753 112 Hedge funds(1): Long-short equity hedge funds 448 ─ 433 ─ Fixed income/credit-related hedge funds 75 ─ 76 ─ Event-driven hedge funds 39 ─ 39 ─ Multi-strategy hedge funds 134 4 139 3 Total $ 4,534 $ 733 $ 5,009 $ 728 (1 ) Fixed income/credit-related hedge funds, event-driven hedge funds and multi-strategy hedge funds are redeemable at least on a three-month period basis, primarily with a notice period of 90 days or less . At June 30, 2015 , approximately 30 % of the fair value amount of long-short equity hedge funds was redeemable at least quarterly, 48 % is redeemable every six months and 22 % of these funds have a redemption frequency of greater than six months. At December 31, 2014 , approximately 36 % of the fair value amount of long-short equity hedge funds was redeemable at least quarterly, 47 % is redeemable every six months and 17 % of these funds have a redemption frequency of greater than six months. The notice period for long-short equity hedge funds at June 30, 2015 and December 31, 2014 was primarily greater than six months. At June 30, 2015 Fair Value of the Funds Estimated to be Liquidated Fund Type Less than 5 years 5-10 years Over 10 years Total (dollars in millions) Private equity funds $ 158 $ 1,200 $ 797 $ 2,155 Real estate funds 191 901 591 1,683 At June 30, 2015 Hedge Fund Restrictions Hedge Fund Type Fair Value Lock-up Restrictions Gate Restrictions (dollars in millions) Long-short equity(1)(2) $ 448 1% 12% Fixed income/credit-related(1) 75 13% N/A Event-driven(3) 39 N/A N/A Multi-strategy(1)(2) 134 35% 25% N/A—Not Applicable. (1) The remaining restriction period subject to lock-up restrictions was primarily over three years at June 30, 2015. (2) The restriction period for these investments subject to an exit restriction was indefinite at June 30, 2015. (3) There were no restrictions on redemption at June 30, 2015.
Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election	Interest Gains (Losses) Trading Income Included in Revenues (Expense) Net Revenues (dollars in millions) Three Months Ended June 30, 2015 Securities purchased under agreements to resell $ (2) $ 5 $ 3 Short-term borrowings(1) (2) ─ (2) Securities sold under agreements to repurchase 6 (2) 4 Long-term borrowings(1) 152 (138) 14 Six Months Ended June 30, 2015 Securities purchased under agreements to resell $ (3) $ 5 $ 2 Short-term borrowings(1) (42) ─ (42) Securities sold under agreements to repurchase 4 (3) 1 Long-term borrowings(1) 1,089 (270) 819 Three Months Ended June 30, 2014 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Short-term borrowings(2) (14) ─ (14) Securities sold under agreements to repurchase (5) (1) (6) Long-term borrowings(2) (678) (174) (852) Six Months Ended June 30, 2014 Securities purchased under agreements to resell $ (2) $ 4 $ 2 Short-term borrowings(2) (37) ─ (37) Securities sold under agreements to repurchase (5) (2) (7) Long-term borrowings(2) (948) (346) (1,294) Of the total gains (losses) recorded in Trading revenues for short-term and long-term borrowings for the quarter and six months ended June 30, 2015 , $ 182 million and $ 307 million, respectively, are attributable to changes in the credit quality of the Company and other credit factors, and the respective remainder is attributable to changes in foreign currency rates or interest rates or movements in the reference price or index for structured notes before the impact o f related hedges. Of the total gains (losses) recorded in Trading revenues for short-term and long-term borrowings for the quarter and six months ended June 30, 2014 , $ 87 million and $ 213 million, respectively, are attributable to changes in the credit quality of the Company and other credit factors, and the respective remainder is attributable to changes in foreign currency rates or interest rates or movements in the reference price or index for structured notes before the impact of related hedges.
Breakdown of Outstanding Short-term and Long-term Borrowings	Short-Term and Long-Term Borrowings Business Unit At June 30, 2015 At December 31, 2014 (dollars in millions) Equity $ 18,684 $ 17,253 Interest rates 14,002 13,545 Credit and foreign exchange 2,547 2,105 Commodities 586 636 Total $ 35,819 $ 33,539
Gains (Losses) Due to Changes in Instrument Specific Credit Risk	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (dollars in millions) Short-term and long-term borrowings(1) $ 182 $ 87 $ 307 $ 213 Loans and other debt(2) (6) 126 71 128 Unfunded lending commitments(3) (1) 13 8 27 _____________ (1) The change in the fair value of short-term and long-term borrowings (primarily structured notes ) includes an adjustment to reflect the change in credit quality of the Company based upon observations of the Company’s secondary bond market spreads and changes in other credit factors . (2) Loans and other debt i nstrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses, such as those due to changes in interest rates. (3) Gains (l osses ) on unfunded lending commitments were generally determined based on the differential between estimated expected client yields and contractual yields at each respective period - end.
Net Difference between Contractual Principal Amount and Fair Value	Contractual Principal Amount Exceeds Fair Value At June 30, 2015 At December 31, 2014 (dollars in millions) Short-term and long-term borrowings(1) $ (229) $ (670) Loans and other debt(2) 14,597 14,990 Loans 90 or more days past due and/or on nonaccrual status(2)(3) 12,559 12,916 _____________ (1) Short-term and long-term borrowings do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in the reference price or index. (2) The majority of the difference between principal and fair value amounts for loans and other debt emanates from the Company’s distressed debt trading business, which purchases distressed debt at amounts well below par. (3) The aggregate fair value of loans that were in nonac crual status, which includes all loans 90 or more days past due, was $ 1,562 million and $ 1,367 million at June 30, 2015 and December 31, 2014 , respectively. The aggregate fair value of loans that were 90 or more days past d ue was $ 836 million and $ 643 million at June 30, 2015 and December 31, 2014 , respectively.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	Three Months and Six Months Ended June 30, 2015 . Fair Value Measurements Using: Quoted Prices Total Total in Active Gains (Losses) Gains (Losses) Carrying Markets for Significant Significant for the for the Value at Identical Observable Unobservable Three Months Ended Six Months Ended June 30, Assets Inputs Inputs June 30, June 30, 2015(1) (Level 1) (Level 2) (Level 3) 2015(2) 2015(2) (dollars in millions) Assets: Loans(3) $ 3,244 $ ─ $ 2,458 $ 786 $ 47 $ 8 Other investments(4) ─ ─ ─ ─ ─ (2) Premises, equipment and software costs(5) ─ ─ ─ ─ (2) (22) Total assets $ 3,244 $ ─ $ 2,458 $ 786 $ 45 $ (16) Liabilities: Other liabilities and accrued expenses(3) $ (283) $ ─ $ (244) $ (39) (45) $ (48) Total liabilities $ (283) $ ─ $ (244) $ (39) (45) $ (48) Three Months and Six Months Ended June 30, 2014 . Fair Value Measurements Using: Quoted Prices Total Total in Active Gains (Losses) Gains (Losses) Carrying Markets for Significant Significant for the for the Value at Identical Observable Unobservable Three Months Ended Six Months Ended June 30, Assets Inputs Inputs June 30, June 30, 2014(1) (Level 1) (Level 2) (Level 3) 2014(2) 2014(2) (dollars in millions) Loans(3) $ 2,390 $ ─ $ 1,999 $ 391 $ (21) $ (7) Other investments(4) 47 ─ ─ 47 (3) (25) Premises, equipment and software costs(5) ─ ─ ─ ─ (41) (41) Intangible assets(4) ─ ─ ─ ─ ─ (2) Other assets(5) ─ ─ ─ ─ ─ (9) Total $ 2,437 $ ─ $ 1,999 $ 438 $ (65) $ (84) _____________ (1) Carrying values relate only to those assets that had fair value adjustments during the quarter ended June 30, 2015 and 2014 . These amounts do not include assets that had fair value adjustments during the six months ended June 30, 2015 and 2014 , unless the assets also had a fair value adjustment during the quarter ended June 30, 2015 and 2014 . (2) Changes in the f air value of Loans and losses related to Other investments are recorded within Other revenues in the Company’s condensed consol idated statements of income. L osses related to Premises, equipment and software costs , Intangible assets and Other assets are recorded within Other expenses if not held for sale and within Other revenues if held for sale . Losses related to Other liabilitie s and accrued expenses are recorded within Other revenues related to a non-recurring fair value adjustment for certain unfunded lending commitments designated as held for sale. (3) Non-recurring changes in the fair value of loans and unfunded lending commi tments held for investment or held for sale were calculated using recently executed transactions; market price quotations; valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and credit default swap spread levels adjusted for any basis difference between cash and derivative instruments; or default recovery analysis where such transactions and quotations are unobservable . (4) Losses related to Other investments and Intangible assets were d etermined primarily using discounted cash flow models and methodologies that incorporate multiples of certain comparable companies. (5) Losses related to Premises, equipment and software costs and Other assets were determined primarily using a default recovery analysis .
Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value at June 30, 2015 and December 31, 2014 At June 30, 2015 At June 30, 2015 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in millions) Financial Assets: Cash and due from banks $ 19,145 $ 19,145 $ 19,145 $ — $ — Interest bearing deposits with banks 27,214 27,214 27,214 — — Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 33,652 33,652 33,652 — — Investment securities—HTM securities 2,423 2,397 703 1,694 — Securities purchased under agreements to resell 105,950 105,937 — 105,605 332 Securities borrowed 143,969 143,960 — 143,956 4 Customer and other receivables(1) 52,940 52,814 — 48,068 4,746 Loans(2) 75,893 76,654 — 19,628 57,026 Financial Liabilities: Deposits $ 139,203 $ 139,226 $ — $ 139,226 $ — Short-term borrowings 297 297 — 297 — Securities sold under agreements to repurchase 65,025 65,078 — 62,974 2,104 Securities loaned 23,151 23,182 — 23,013 169 Other secured financings 7,614 7,638 — 5,833 1,805 Customer and other payables(1) 178,125 178,125 — 178,125 — Long-term borrowings 125,095 128,385 — 128,087 298 At December 31, 2014 At December 31, 2014 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in millions) Financial Assets: Cash and due from banks $ 21,381 $ 21,381 $ 21,381 $ — $ — Interest bearing deposits with banks 25,603 25,603 25,603 — — Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 40,607 40,607 40,607 — — Investment securities—HTM securities 100 100 100 — — Securities purchased under agreements to resell 82,175 82,165 — 81,981 184 Securities borrowed 136,708 136,708 — 136,696 12 Customer and other receivables(1) 45,116 45,028 — 39,945 5,083 Loans(2) 66,577 67,800 — 18,212 49,588 Financial Liabilities: Deposits $ 133,544 $ 133,572 $ — $ 133,572 $ — Short-term borrowings 496 496 — 496 — Securities sold under agreements to repurchase 69,337 69,433 — 63,921 5,512 Securities loaned 25,219 25,244 — 24,740 504 Other secured financings 7,581 7,881 — 5,465 2,416 Customer and other payables(1) 178,373 178,373 — 178,373 — Long-term borrowings 120,998 124,961 — 124,150 811 ___________________ HTM—held to maturity (1) Accrued interest, fees, and dividend receivables and payables where carrying value approximates fair value have been excluded. (2) Amounts include all loans measured at fair value on a non-recurring basis.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investment securities:
Schedule of Available for Sale Securities	At June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Other-than-Temporary Impairment Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 26,093 $ 71 $ 62 $ — $ 26,102 U.S. agency securities(1) 22,040 72 160 — 21,952 Total U.S. government and agency securities 48,133 143 222 — 48,054 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,102 2 61 — 2,043 Non-agency 2,163 12 10 — 2,165 Auto loan asset-backed securities 2,707 1 2 — 2,706 Corporate bonds 3,798 9 18 — 3,789 Collateralized loan obligations 962 — 12 — 950 FFELP student loan asset-backed securities(2) 3,994 13 16 — 3,991 Total corporate and other debt 15,726 37 119 — 15,644 Total AFS debt securities 63,859 180 341 — 63,698 AFS equity securities 15 — 4 — 11 Total AFS securities 63,874 180 345 — 63,709 HTM securities: U.S. government securities: U.S. Treasury securities 702 1 — — 703 U.S. agency securities(1) 1,721 — 27 — 1,694 Total HTM securities 2,423 1 27 — 2,397 Total Investment securities $ 66,297 $ 181 $ 372 $ — $ 66,106 At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Other-than-Temporary Impairment Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 35,855 $ 42 $ 67 $ — $ 35,830 U.S. agency securities(1) 18,030 77 72 — 18,035 Total U.S. government and agency securities 53,885 119 139 — 53,865 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,288 1 76 — 2,213 Non-agency 1,820 11 6 — 1,825 Auto loan asset-backed securities 2,433 — 5 — 2,428 Corporate bonds 3,640 10 22 — 3,628 Collateralized loan obligations 1,087 — 20 — 1,067 FFELP student loan asset-backed securities(2) 4,169 18 8 — 4,179 Total corporate and other debt 15,437 40 137 — 15,340 Total AFS debt securities 69,322 159 276 — 69,205 AFS equity securities 15 — 4 — 11 Total AFS securities 69,337 159 280 — 69,216 HTM securities: U.S. government securities: U.S. Treasury securities 100 — — — 100 Total HTM securities 100 — — — 100 Total Investment securities $ 69,437 $ 159 $ 280 $ — $ 69,316 ___ ___________ U .S. agency securities are compo sed of three main categories consisting of agency-issued debt, agency mortgage pass-through pool securities and collateralized mortgage obligations . FFELP—Federal Family Education Loan Program. Amounts are backed by a guarantee from the U.S. Department of Education of at least 95 % of the principal balance and interest on such loans.
Schedule of Investment Securities in an Unrealized Loss Position	Less than 12 Months 12 Months or Longer Total At June 30, 2015 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 10,668 $ 62 $ — $ — $ 10,668 $ 62 U.S. agency securities 9,517 110 1,989 50 11,506 160 Total U.S. government and agency securities 20,185 172 1,989 50 22,174 222 Corporate and other debt: Commercial mortgage-backed securities: Agency 42 — 1,437 61 1,479 61 Non-agency 867 9 253 1 1,120 10 Auto loan asset-backed securities 1,237 2 162 — 1,399 2 Corporate bonds 1,624 12 481 6 2,105 18 Collateralized loan obligations — — 951 12 951 12 FFELP student loan asset-backed securities 2,290 12 468 4 2,758 16 Total corporate and other debt 6,060 35 3,752 84 9,812 119 Total AFS debt securities 26,245 207 5,741 134 31,986 341 AFS equity securities 11 4 — — 11 4 Total AFS securities 26,256 211 5,741 134 31,997 345 HTM securities: U.S. government and agency securities: U.S. agency securities 1,694 27 — — 1,694 27 Total HTM securities 1,694 27 — — 1,694 27 Total Investment securities $ 27,950 $ 238 $ 5,741 $ 134 $ 33,691 $ 372 Less than 12 Months 12 Months or Longer Total At December 31, 2014 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 11,410 $ 14 $ 5,924 $ 53 $ 17,334 $ 67 U.S. agency securities 2,739 6 4,133 66 6,872 72 Total U.S. government and agency securities 14,149 20 10,057 119 24,206 139 Corporate and other debt: Commercial mortgage-backed securities: Agency 42 — 1,822 76 1,864 76 Non-agency 706 3 346 3 1,052 6 Auto loan asset-backed securities 2,034 5 — — 2,034 5 Corporate bonds 905 6 1,299 16 2,204 22 Collateralized loan obligations — — 1,067 20 1,067 20 FFELP student loan asset-backed securities 1,523 6 393 2 1,916 8 Total corporate and other debt 5,210 20 4,927 117 10,137 137 Total AFS debt securities 19,359 40 14,984 236 34,343 276 AFS equity securities 11 4 — — 11 4 Total Investment securities $ 19,370 $ 44 $ 14,984 $ 236 $ 34,354 $ 280
Schedule of Amortized Cost and Fair Value of Investment Securities by Contractual Date	At June 30, 2015 Amortized Cost Fair Value Annualized Average Yield (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities: After 1 year through 5 years $ 24,714 $ 24,736 1.1% After 5 years through 10 years 1,379 1,366 1.6% Total 26,093 26,102 U.S. agency securities: After 1 year through 5 years 2,108 2,113 0.7% After 5 years through 10 years 1,967 1,968 1.5% After 10 years 17,965 17,871 1.8% Total 22,040 21,952 Total U.S. government and agency securities 48,133 48,054 1.4% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 19 20 0.5% After 1 year through 5 years 720 721 0.9% After 5 years through 10 years 222 220 1.5% After 10 years 1,141 1,082 1.5% Total 2,102 2,043 Non-agency: After 10 years 2,163 2,165 1.8% Total 2,163 2,165 Auto loan asset-backed securities: Due within 1 year 21 21 0.8% After 1 year through 5 years 2,381 2,381 1.0% After 5 years through 10 years 305 304 1.4% Total 2,707 2,706 Corporate bonds: Due within 1 year 301 302 0.9% After 1 year through 5 years 2,777 2,772 1.5% After 5 years through 10 years 720 715 2.6% Total 3,798 3,789 Collateralized loan obligations: After 5 years through 10 years 962 950 1.4% Total 962 950 FFELP student loan asset-backed securities: After 1 year through 5 years 109 109 0.7% After 5 years through 10 years 779 779 0.9% After 10 years 3,106 3,103 0.9% Total 3,994 3,991 Total corporate and other debt 15,726 15,644 1.3% Total AFS debt securities 63,859 63,698 1.4% AFS equity securities 15 11 ― % Total AFS securities 63,874 63,709 1.4% HTM securities: U.S. government securities: U.S. Treasury securities: After 1 year through 5 years 702 703 1.1% Total 702 703 U.S. agency securities: After 10 years 1,721 1,694 2.5% Total 1,721 1,694 Total HTM securities 2,423 2,397 2.1% Total Investment securities $ 66,297 $ 66,106 1.4%
Schedule of Proceeds of Sale of Securities Available for Sale	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (dollars in millions) Gross realized gains $ 40 $ 10 $ 69 $ 17 Gross realized losses $ 10 $ — $ 14 $ 1

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	6 Months Ended
	Jun. 30, 2015
Collateralized Transactions
Information of Offsetting of Assets and Liabilities	At June 30, 2015 Gross Amounts(1) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 169,644 $ (62,884) $ 106,760 $ (100,650) $ 6,110 Securities borrowed 152,717 (8,748) 143,969 (135,853) 8,116 Liabilities Securities sold under agreements to repurchase $ 128,503 $ (62,884) $ 65,619 $ (52,383) $ 13,236 Securities loaned 31,899 (8,748) 23,151 (22,438) 713 At December 31, 2014 Gross Amounts(3) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Financial Instruments Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 148,234 $ (64,946) $ 83,288 $ (79,343) $ 3,945 Securities borrowed 145,556 (8,848) 136,708 (128,282) 8,426 Liabilities Securities sold under agreements to repurchase $ 134,895 $ (64,946) $ 69,949 $ (56,454) $ 13,495 Securities loaned 34,067 (8,848) 25,219 (24,252) 967 _____________ (1) Amounts include $ 4.7 billion of Securities purchased under agreements to resell, $ 4.2 billion of Securities borrowed, $ 14.2 billion of Securities sold under agreements to repurchase and $ 0.5 billion of Securities loaned, which are either not subject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. (2) Amounts relate to master netting agreements, which have been determined by the Company to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guid ance. (3) Amounts include $3.9 billion of Securities purchased under agreements to resell, $4.2 billion of Securities borrowed, $15.6 billion of Securities sold under agreements to repurchase and $0.7 billion of Securities loaned, which are either not sub ject to master netting agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable .
Schedule Of Securities Financing Transactions	At June 30, 2015 Remaining Contractual Maturity Overnight and Open Less than 30 days 30-90 days Over 90 days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 44,067 $ 26,060 $ 13,693 $ 44,683 $ 128,503 Securities loaned(1) 16,061 2,021 1,989 11,828 31,899 Gross amount of secured financing included in the above offsetting disclosure $ 60,128 $ 28,081 $ 15,682 $ 56,511 $ 160,402 Obligation to return securities received as collateral 23,250 — — — 23,250 Total $ 83,378 $ 28,081 $ 15,682 $ 56,511 $ 183,652 Secured Financing by the Class of Collateral Pledged At June 30, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 62,574 State and municipal securities 2,245 Other sovereign government obligations 34,051 Asset-backed securities 593 Corporate and other debt 6,940 Corporate equities 21,379 Other 721 Total securities sold under agreements to repurchase $ 128,503 Securities loaned(1) Other sovereign government obligations $ 8,798 Corporate and other debt 188 Corporate equities 22,853 Other 60 Total securities loaned $ 31,899 Gross amount of secured financing included in the above offsetting disclosure $ 160,402 Obligation to return securities received as collateral Other sovereign government obligations $ 10 Corporate equities 22,944 Other 296 Total obligation to return securities received as collateral $ 23,250 Total $ 183,652 _____________ (1) Amounts presented on a gross basis, prior to netting as shown on the Company’s condensed consolidated statements of financial condition.
Schedule of Cash and Securities Segregated under Federal and Other Regulations	At June 30, 2015 At December 31, 2014 (dollars in millions) Cash deposited with clearing organizations or segregated under federal and other regulations or requirements(1) $ 33,652 $ 40,607 Securities(2) 16,646 14,630 Total $ 50,298 $ 55,237 _____________ During the second quarter of 2015, the Company made amendments to certain arrangements by which it acts in the capacity of a clearing member to clear derivatives on behalf of customers. These amendments resulted in approximately $ 3.8 billion related to cash initial margin received from customers and remitted to clearing organizations or third- party custodian banks no longer qualifying for recognition in the Company’s condensed consolidated statements of financial condition. Securities deposit ed with clearing organizations or segregated under federal and other regulations or requirements are sourced from Securities purchased under agreements to resell and Trading assets in the Company’s condensed consolidated statements of financial condition.

Variable Interest Entities an32

Variable Interest Entities and Securitization Activities (Tables)	6 Months Ended
	Jun. 30, 2015
Securitization Activities and Variable Interest Entities [Abstract]
Consolidated VIEs	At June 30, 2015 At December 31, 2014 VIE assets VIE liabilities VIE assets VIE liabilities (dollars in millions) Mortgage- and asset-backed securitizations $ 478 $ 290 $ 563 $ 337 Managed real estate partnerships(1) 57 — 288 4 Other structured financings 846 12 928 80 Other 1,417 — 1,199 — _________ During the second quarter of 2015, the Company deconsolidated approximately $191 million in net assets previously attributable to nonredeemable noncontrolling interests that were related to a real estate fund sponsored by the Company.
Non-Consolidated VIEs	At June 30, 2015 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Company does not consolidate (unpaid principal balance)(1) $ 164,184 $ 19,654 $ 4,374 $ 1,866 $ 19,654 Maximum exposure to loss: Debt and equity interests(2) $ 16,122 $ 1,974 $ 12 $ 1,084 $ 3,671 Derivative and other contracts 10 2 2,638 — 68 Commitments, guarantees and other 768 1,808 — 609 467 Total maximum exposure to loss $ 16,900 $ 3,784 $ 2,650 $ 1,693 $ 4,206 Carrying value of exposure to loss—Assets: Debt and equity interests(2) $ 16,122 $ 1,974 $ 12 $ 657 $ 3,671 Derivative and other contracts 10 2 5 — 13 Total carrying value of exposure to loss—Assets $ 16,132 $ 1,976 $ 17 $ 657 $ 3,684 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 5 Commitments, guarantees and other — — — 5 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 5 $ 5 At December 31, 2014 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Company does not consolidate (unpaid principal balance)(3) $ 174,548 $ 26,567 $ 3,449 $ 2,040 $ 19,237 Maximum exposure to loss: Debt and equity interests(4) $ 15,028 $ 3,062 $ 13 $ 1,158 $ 3,884 Derivative and other contracts 15 2 2,212 — 164 Commitments, guarantees and other 1,054 432 — 617 429 Total maximum exposure to loss $ 16,097 $ 3,496 $ 2,225 $ 1,775 $ 4,477 Carrying value of exposure to loss—Assets: Debt and equity interests(4) $ 15,028 $ 3,062 $ 13 $ 741 $ 3,884 Derivative and other contracts 15 2 4 — 74 Total carrying value of exposure to loss—Assets $ 15,043 $ 3,064 $ 17 $ 741 $ 3,958 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 57 Commitments, guarantees and other — — — 5 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 5 $ 57 (1) Mortgage- and asset-backed securitizations include VIE assets as follows: $ 28.4 billion of residential mortgages; $ 64.3 billion of commercial mortgages; $ 14.3 billion of U.S. agency collateralized mortgage obligations; and $ 57.2 billion of other consumer or commercial loans. (2) Mortgage- and asset-backed secur itizations include VIE debt and equity interests as follows: $ 2.0 billion of residential mortgages; $ 3.0 billion of commercial mortgages; $ 3.6 billion of U.S. agency collateralized mortgage obligations; and $ 7.5 billion of other consumer or commercial loans. (3) Mortgage- and asset-backed securitizations include VIE assets as follows: $ 30.8 billion of residential mortgages; $ 71.9 billion of commercial mortgages; $ 20.6 billion of U.S. agency collateralized mortg age obligations; and $ 51.2 billion of other consumer or commercial loans. (4) Mortgage- and ass et-backed securitizations include VIE debt and equity interests as follows: $ 1.9 billion of residential mortgages; $ 2.4 billion of commercial mortgages; $ 4.0 billion of U.S. agency collateralized mortgage obligations; and $ 6.8 billion of other consumer or commercial loans.
Information Regarding SPEs	At June 30, 2015 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other(1) (dollars in millions) SPE assets (unpaid principal balance)(2) $ 25,110 $ 59,078 $ 16,756 $ 18,874 Retained interests (fair value): Investment grade $ 1 $ 160 $ 948 $ — Non-investment grade 170 80 — 1,193 Total retained interests (fair value) $ 171 $ 240 $ 948 $ 1,193 Interests purchased in the secondary market (fair value): Investment grade $ 1 $ 174 $ 41 $ 40 Non-investment grade 81 65 — 42 Total interests purchased in the secondary market (fair value) $ 82 $ 239 $ 41 $ 82 Derivative assets (fair value) $ — $ 430 $ — $ 102 Derivative liabilities (fair value) — — — 531 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. ( 2 ) Amounts include assets transferred by unrelated transferors. At June 30, 2015 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 1,104 $ 5 $ 1,109 Non-investment grade — 24 1,419 1,443 Total retained interests (fair value) $ — $ 1,128 $ 1,424 $ 2,552 Interests purchased in the secondary market (fair value): Investment grade $ — $ 254 $ 2 $ 256 Non-investment grade — 147 41 188 Total interests purchased in the secondary market (fair value) $ — $ 401 $ 43 $ 444 Derivative assets (fair value) $ — $ 483 $ 49 $ 532 Derivative liabilities (fair value) — 211 320 531 At December 31, 2014 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other(1) (dollars in millions) SPE assets (unpaid principal balance)(2) $ 26,549 $ 58,660 $ 20,826 $ 24,011 Retained interests (fair value): Investment grade $ 10 $ 117 $ 1,019 $ 57 Non-investment grade 98 120 — 1,264 Total retained interests (fair value) $ 108 $ 237 $ 1,019 $ 1,321 Interests purchased in the secondary market (fair value): Investment grade $ 32 $ 129 $ 61 $ 423 Non-investment grade 32 72 — 59 Total interests purchased in the secondary market (fair value) $ 64 $ 201 $ 61 $ 482 Derivative assets (fair value) $ — $ 495 $ — $ 138 Derivative liabilities (fair value) — — — 86 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. (2) Amounts include assets transferred by unrelated transferors. At December 31, 2014 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 1,166 $ 37 $ 1,203 Non-investment grade — 123 1,359 1,482 Total retained interests (fair value) $ — $ 1,289 $ 1,396 $ 2,685 Interests purchased in the secondary market (fair value): Investment grade $ — $ 644 $ 1 $ 645 Non-investment grade — 129 34 163 Total interests purchased in the secondary market (fair value) $ — $ 773 $ 35 $ 808 Derivative assets (fair value) $ — $ 559 $ 74 $ 633 Derivative liabilities (fair value) — 82 4 86
Schedule of proceeds from securitization transactions	For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Proceeds received from new securitization transactions $ 6,273 $ 3,634 $ 11,164 $ 9,647 Proceeds from cash flows from retained interests in securitization transactions 658 870 1,606 1,472 For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ 621 $ 697 $ 966 $ 1,125
Transfers of Assets Treated as Secured Financings	At June 30, 2015 At December 31, 2014 Carrying Value of Carrying Value of Assets Liabilities Assets Liabilities (dollars in millions) Failes sales $ 351 $ 351 $ 352 $ 344

Loans and Allowance for Loan 33

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Table of Loans Outstanding	At June 30, 2015 At December 31, 2014 Loans by Product Type Loans Held for Investment Loans Held for Sale Total Loans(1)(2) Loans Held for Investment Loans Held for Sale Total Loans(1)(3) (dollars in millions) Corporate loans $ 22,500 $ 8,490 $ 30,990 $ 19,659 $ 8,200 $ 27,859 Consumer loans 19,464 — 19,464 16,576 — 16,576 Residential real estate loans 18,241 167 18,408 15,735 114 15,849 Wholesale real estate loans 6,388 812 7,200 5,298 1,144 6,442 Total loans, gross of allowance for loan losses 66,593 9,469 76,062 57,268 9,458 66,726 Allowance for loan losses (169) — (169) (149) — (149) Total loans, net of allowance for loan losses $ 66,424 $ 9,469 $ 75,893 $ 57,119 $ 9,458 $ 66,577 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 7,773 million and $ 7 , 017 million at June 30, 2015 and December 31, 2014 , respectively. At June 30, 2015 , loans at fixed interest rates and floating or adjustable interest rates were $ 7,314 million and $ 68,579 million, respectively. At December 31, 2014 , loans at fixed interest rates and floating or adjustable interest rates were $ 6,663 million and $ 59 , 914 million, respectively.
Table of Credit Quality Indicators for Gross Loans Held-for-investment by Product Type	At June 30, 2015 Loans by Credit Quality Indicators Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 21,032 $ 19,464 $ 18,194 $ 6,388 $ 65,078 Special mention 763 — — — 763 Substandard 684 — 47 — 731 Doubtful 21 — — — 21 Total loans $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 At December 31, 2014 Loans by Credit Quality Indicators Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 17,847 $ 16,576 $ 15,688 $ 5,298 $ 55,409 Special mention 1,683 — — — 1,683 Substandard 127 — 47 — 174 Doubtful 2 — — — 2 Total loans $ 19,659 $ 16,576 $ 15,735 $ 5,298 $ 57,268
Table of Impaired Loans, Past Due Loans and Allowance for Held-for-investment Loans	At June 30, 2015 At December 31, 2014 Loans by Product Type Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 19 $ — $ 19 $ — $ — $ — Impaired loans without allowance(1) 2 27 29 2 17 19 Impaired loans unpaid principal balance 21 27 48 2 17 19 Past due 90 days loans and on nonaccrual 2 34 36 2 25 27 At June 30, 2015 At December 31, 2014 Loans by Region Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 29 $ 19 $ — $ 48 $ 19 $ — $ — $ 19 Past due 90 days loans and on nonaccrual 36 — — 36 27 — — 27 Allowance for loan losses 132 32 5 169 121 20 8 149 EMEA—Europe, Middle East and Africa. (1) At June 30, 2015 and December 31, 2014 , no allowance was outstanding for these loans as the fair value of the collateral held exceeded or equaled the carrying value .
Loan and Lending-related Commitments by Impairment Methodology, and Their Respective Allowances	Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for loan losses: Balance at December 31, 2014 $ 118 $ 2 $ 8 $ 21 $ 149 Gross charge-offs — — (1) — (1) Gross recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — (1) — — Provision (release) for loan losses(1) 26 — 2 2 30 Other(2) (10) — — — (10) Balance at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Allowance for loan losses by impairment methodology: Inherent $ 130 $ 2 $ 9 $ 23 $ 164 Specific 5 — — — 5 Total allowance for loan losses at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Loans evaluated by impairment methodology(3): Inherent $ 22,479 $ 19,464 $ 18,214 $ 6,388 $ 66,545 Specific 21 — 27 — 48 Total loans evaluated at June 30, 2015 $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 Allowance for lending-related commitments: Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending-related commitments(4) 6 — — 2 8 Balance at June 30,2015 $ 153 $ — $ — $ 4 $ 157 Allowance for lending-related commitments by impairment methodology: Inherent $ 153 $ — $ — $ 4 $ 157 Specific — — — — — Total allowance for lending-related commitments at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Lending-related commitments evaluated by impairment methodology(3): Inherent $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Specific — — — — — Total lending-related commitments evaluated at June 30, 2015 $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for loan losses: Balance at December 31, 2013 $ 137 $ 1 $ 4 $ 14 $ 156 Gross charge-offs — — — (3) (3) Gross recoveries — — — — — Net charge-offs — — — (3) (3) Provision (release) for loan losses(1) (20) 1 2 2 (15) Balance at June 30, 2014 $ 117 $ 2 $ 6 $ 13 $ 138 Allowance for loan losses by impairment methodology: Inherent $ 115 $ 2 $ 6 $ 13 $ 136 Specific 2 — — — 2 Total allowance for loan losses at June 30, 2014 $ 117 $ 2 $ 6 $ 13 $ 138 Loans evaluated by impairment methodology(3): Inherent $ 18,766 $ 14,306 $ 12,614 $ 3,061 $ 48,747 Specific 11 — 10 — 21 Total loan evaluated at June 30, 2014 $ 18,777 $ 14,306 $ 12,624 $ 3,061 $ 48,768 Allowance for lending-related commitments: Balance at December 31, 2013 $ 125 $ — $ — $ 2 $ 127 Provision for lending-related commitments(4) 30 — — — 30 Balance at June 30, 2014 $ 155 $ — $ — $ 2 $ 157 Allowance for lending-related commitments by impairment methodology: Inherent $ 155 $ — $ — $ 2 $ 157 Specific — — — — — Total allowance for lending-related commitments at June 30, 2014 $ 155 $ — $ — $ 2 $ 157 Lending-related commitments evaluated by impairment methodology(3): Inherent $ 69,331 $ 3,274 $ 249 $ 252 $ 73,106 Specific — — — — — Total lending-related commitments evaluated at June 30, 2014 $ 69,331 $ 3,274 $ 249 $ 252 $ 73,106 _______________ (1) The Company recorded a provision of $ 26 million and $ 4 million for loan losses within Other revenues for the quarters ended March 31, 2015 and June 30, 2015 , respectively. The Company recorded a release of $ 29 million and a provision of $ 14 million for loan losses within Other revenues for the quarters ended March 31, 2014 and June 30, 2014, respectively. (2) Amount includes the impact related to the tra nsfer to loans held for sale and foreign currency translation adjustments. (3) Loan balances are gross of the allowance for loan losses and lending-related commitments are gross of credit losses. (4) The Company recorded a provision of $ 37 million an d a release of $ 29 million for lending-related commitments within Other non-interest expenses for the quarters ended March 31, 2015 and June 30, 2015, respectively. The Company recorded a provision of $ 19 million and $ 11 million for lending-related commitm ents within Other non-interest expenses for the quarters ended March 31, 2014 and June 30, 2014, respectively.

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2015
Deposits [Abstract]
Deposits	At June 30, 2015(1) At December 31, 2014(1) (dollars in millions) Savings and demand deposits $ 136,546 $ 132,159 Time deposits 2,657 1,385 Total $ 139,203 $ 133,544 (1) Total deposits subject to the Federal Deposit Insurance Corporation (the “FDIC”) insurance at June 30, 2015 and December 31, 2014 were $ 103 billion and $ 99 billion, respectively.

Long-Term Borrowings and Othe35

Long-Term Borrowings and Other Secured Financings (Tables)	6 Months Ended
	Jun. 30, 2015
Borrowings and Other Secured Financings
Components of Long-term Borrowings	At June 30, 2015 At December 31, 2014 (dollars in millions) Senior debt $ 145,071 $ 139,565 Subordinated debt 10,155 8,339 Junior subordinated debentures 2,863 4,868 Total $ 158,089 $ 152,772
Other Secured Financings	At June 30, 2015 At December 31, 2014 (dollars in millions) Secured financings with original maturities greater than one year $ 9,447 $ 10,346 Secured financings with original maturities one year or less 1,890 1,395 Failed sales(1) 351 344 Total(2) $ 11,688 $ 12,085 ___________ (1) For more information on failed sales, see Note 6. (2) Amounts include $ 4,074 million and $ 4,504 million at fair value at June 30, 2015 and December 31, 2014 , respectively.

Derivative Instruments and He36

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure
Offsetting of Derivative Instruments and Related Collateral Amounts	At June 30, 2015 Gross Amounts(1) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Amounts Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure Financial Instruments Collateral Other Cash Collateral (dollars in millions) Derivative assets Bilateral OTC $ 353,817 $ (326,043) $ 27,774 $ (9,244) $ (43) $ 18,487 Cleared OTC(3) 126,985 (126,119) 866 (6) — 860 Exchange traded 30,785 (26,886) 3,899 — — 3,899 Total derivative assets $ 511,587 $ (479,048) $ 32,539 $ (9,250) $ (43) $ 23,246 Derivative liabilities Bilateral OTC $ 343,921 $ (310,714) $ 33,207 $ (7,983) $ — $ 25,224 Cleared OTC(3) 125,263 (124,991) 272 — (1) 271 Exchange traded 31,379 (26,886) 4,493 (295) — 4,198 Total derivative liabilities $ 500,563 $ (462,591) $ 37,972 $ (8,278) $ (1) $ 29,693 At December 31, 2014 Gross Amounts(4) Amounts Offset in the Condensed Consolidated Statements of Financial Condition Net Amounts Presented in the Condensed Consolidated Statements of Financial Condition Amounts Not Offset in the Condensed Consolidated Statements of Financial Condition(2) Net Exposure Financial Instruments Collateral Other Cash Collateral (dollars in millions) Derivative assets Bilateral OTC $ 427,079 $ (396,582) $ 30,497 $ (9,844) $ (19) $ 20,634 Cleared OTC(3) 217,169 (215,576) 1,593 — — 1,593 Exchange traded 32,123 (27,819) 4,304 — — 4,304 Total derivative assets $ 676,371 $ (639,977) $ 36,394 $ (9,844) $ (19) $ 26,531 Derivative liabilities Bilateral OTC $ 410,003 $ (375,095) $ 34,908 $ (11,192) $ (179) $ 23,537 Cleared OTC(3) 211,695 (211,180) 515 — (6) 509 Exchange traded 32,608 (27,819) 4,789 (726) — 4,063 Total derivative liabilities $ 654,306 $ (614,094) $ 40,212 $ (11,918) $ (185) $ 28,109 (1) Amounts include $ 7.3 billion of derivative assets and $ 8.8 billion of derivative liabilities, which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. See also “Fair Value and Notional of Derivative Instruments” herein, for additional disclosure about gross fair values and notionals for derivative instruments by risk type. (2 ) Amounts relate to master netting a greements and collateral a greements, which have been determined by the Company to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offse tting accounting guidance. (3 ) Amounts include OTC derivatives that are centrally cleared in accordance with certain regulatory requirements. (4 ) Amounts include $ 6.5 billion of derivative assets and $ 6.9 billion of derivative liabilities, which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Company has not determined the agreements to be legally enforceable. See also “ Fair Value and Notional of Derivative Instruments ” herein, for addit ional disclosure about gross fair values and notionals for derivative instruments by risk type.
Summary by Counterparty Credit Rating and Remaining Contract Maturity of the Fair Value of OTC Derivatives in a Gain Position	OTC Derivative Products—Trading Assets at June 30, 2015 (1) Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral Credit Rating(2) Less than 1 1 - 3 3 - 5 Over 5 (dollars in millions) AAA $ 188 $ 672 $ 913 $ 3,591 $ (4,509) $ 855 $ 743 AA 2,436 2,810 1,949 12,265 (12,966) 6,494 3,502 A 8,706 9,049 5,545 19,087 (33,257) 9,130 6,299 BBB 3,934 3,845 1,967 12,668 (14,733) 7,681 5,696 Non-investment grade 3,898 2,388 1,781 2,990 (6,620) 4,437 3,107 Total $ 19,162 $ 18,764 $ 12,155 $ 50,601 $ (72,085) $ 28,597 $ 19,347 OTC Derivative Products—Trading Assets at December 31, 2014 (1) Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral Credit Rating(2) Less than 1 1-3 3-5 Over 5 (dollars in millions) AAA $ 499 $ 246 $ 1,313 $ 4,281 $ (5,009) $ 1,330 $ 1,035 AA 2,679 2,811 2,704 14,137 (15,415) 6,916 4,719 A 11,733 10,833 7,585 23,968 (43,644) 10,475 6,520 BBB 5,119 3,753 2,592 13,132 (15,844) 8,752 6,035 Non-investment grade 3,196 3,089 1,541 2,499 (5,727) 4,598 3,918 Total $ 23,226 $ 20,732 $ 15,735 $ 58,017 $ (85,639) $ 32,071 $ 22,227 _____________ (1) Fair values shown represent the Company’s net exposure to counterparties related to the Company’s OTC derivative products. Amounts include centrally cleared OTC derivatives. The tables do not include exchange-traded derivatives and the effect of any related hedges utilized by the Company. (2) Obligor credit ratings are determined by the Company’s Credit Risk Management Department. (3) Amounts represent the netting of receivable balances with payable balances for th e same counterparty across maturity categories. Receivable and payable balances with the same counterparty in the same maturity category are netted within such maturity category, where appropriate. Cash collateral received is netted on a counterparty basis , provided legal right of offset exists.
Fair Value of Derivative Instruments Designated and Not Designated as Accounting Hedges by Type of Derivative Contract on a Gross Basis	Derivative Assets at June 30, 2015 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,392 $ 918 $ — $ 4,310 $ 37,244 $ 29,394 $ — $ 66,638 Foreign exchange contracts 159 1 — 160 4,405 129 — 4,534 Total derivatives designated as accounting hedges 3,551 919 — 4,470 41,649 29,523 — 71,172 Derivatives not designated as accounting hedges(2): Interest rate contracts 228,535 122,135 515 351,185 4,672,995 7,086,992 1,474,052 13,234,039 Credit contracts 21,160 3,779 — 24,939 716,408 162,629 — 879,037 Foreign exchange contracts 63,185 152 60 63,397 1,959,862 11,722 8,184 1,979,768 Equity contracts 23,779 — 25,720 49,499 350,378 — 296,080 646,458 Commodity contracts 13,462 — 4,490 17,952 99,117 — 110,067 209,184 Other 145 — — 145 5,485 — — 5,485 Total derivatives not designated as accounting hedges 350,266 126,066 30,785 507,117 7,804,245 7,261,343 1,888,383 16,953,971 Total derivatives $ 353,817 $ 126,985 $ 30,785 $ 511,587 $ 7,845,894 $ 7,290,866 $ 1,888,383 $ 17,025,143 Cash collateral netting (46,085) (3,239) — (49,324) — — — — Counterparty netting (279,958) (122,880) (26,886) (429,724) — — — — Total derivative assets $ 27,774 $ 866 $ 3,899 $ 32,539 $ 7,845,894 $ 7,290,866 $ 1,888,383 $ 17,025,143 Derivative Liabilities at June 30, 2015 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 206 $ 524 $ — $ 730 $ 3,524 $ 15,389 $ — $ 18,913 Foreign exchange contracts 99 3 — 102 6,001 277 — 6,278 Total derivatives designated as . accounting hedges 305 527 — 832 9,525 15,666 — 25,191 Derivatives not designated as accounting hedges(2): Interest rate contracts 211,241 121,130 455 332,826 4,332,481 6,836,336 1,152,490 12,321,307 Credit contracts 21,584 3,469 — 25,053 610,523 142,542 — 753,065 Foreign exchange contracts 66,054 137 12 66,203 2,018,091 11,332 3,613 2,033,036 Equity contracts 32,171 — 26,110 58,281 389,209 — 291,951 681,160 Commodity contracts 12,397 — 4,802 17,199 84,479 — 91,586 176,065 Other 169 — — 169 9,182 — — 9,182 Total derivatives not designated as accounting hedges 343,616 124,736 31,379 499,731 7,443,965 6,990,210 1,539,640 15,973,815 Total derivatives $ 343,921 $ 125,263 $ 31,379 $ 500,563 $ 7,453,490 $ 7,005,876 $ 1,539,640 $ 15,999,006 Cash collateral netting (30,756) (2,111) — (32,867) — — — — Counterparty netting (279,958) (122,880) (26,886) (429,724) — — — — Total derivative liabilities $ 33,207 $ 272 $ 4,493 $ 37,972 $ 7,453,490 $ 7,005,876 $ 1,539,640 $ 15,999,006 Derivative Assets at December 31, 2014 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,947 $ 1,053 $ — $ 5,000 $ 44,324 $ 27,692 $ — $ 72,016 Foreign exchange contracts 498 6 — 504 9,362 261 — 9,623 Total derivatives designated as accounting hedges 4,445 1,059 — 5,504 53,686 27,953 — 81,639 Derivatives not designated as accounting hedges(3): Interest rate contracts 281,214 211,552 407 493,173 4,854,953 9,187,454 1,467,056 15,509,463 Credit contracts 27,776 4,406 — 32,182 806,441 167,390 — 973,831 Foreign exchange contracts 72,362 152 83 72,597 1,955,343 11,538 9,663 1,976,544 Equity contracts 23,208 — 24,916 48,124 299,363 — 271,164 570,527 Commodity contracts 17,698 — 6,717 24,415 115,792 — 156,440 272,232 Other 376 — — 376 5,179 — — 5,179 Total derivatives not designated as accounting hedges 422,634 216,110 32,123 670,867 8,037,071 9,366,382 1,904,323 19,307,776 Total derivatives $ 427,079 $ 217,169 $ 32,123 $ 676,371 $ 8,090,757 $ 9,394,335 $ 1,904,323 $ 19,389,415 Cash collateral netting (58,541) (4,654) — (63,195) — — — — Counterparty netting (338,041) (210,922) (27,819) (576,782) — — — — Total derivative assets $ 30,497 $ 1,593 $ 4,304 $ 36,394 $ 8,090,757 $ 9,394,335 $ 1,904,323 $ 19,389,415 Derivative Liabilities at December 31, 2014 Fair Value Notional Bilateral OTC Cleared OTC(1) Exchange Traded Total Bilateral OTC Cleared OTC(1) Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 125 $ 99 $ — $ 224 $ 2,024 $ 7,588 $ — $ 9,612 Foreign exchange contracts 5 1 — 6 1,491 121 — 1,612 Total derivatives designated as accounting hedges 130 100 — 230 3,515 7,709 — 11,224 Derivatives not designated as accounting hedges(3): Interest rate contracts 264,579 207,482 293 472,354 4,615,886 9,138,417 1,714,021 15,468,324 Credit contracts 28,165 3,944 — 32,109 714,181 154,054 — 868,235 Foreign exchange contracts 72,156 169 21 72,346 1,947,178 11,477 1,761 1,960,416 Equity contracts 30,061 — 25,511 55,572 339,884 — 302,205 642,089 Commodity contracts 14,740 — 6,783 21,523 93,019 — 132,136 225,155 Other 172 — — 172 5,478 — — 5,478 Total derivatives not designated as accounting hedges 409,873 211,595 32,608 654,076 7,715,626 9,303,948 2,150,123 19,169,697 Total derivatives $ 410,003 $ 211,695 $ 32,608 $ 654,306 $ 7,719,141 $ 9,311,657 $ 2,150,123 $ 19,180,921 Cash collateral netting (37,054) (258) — (37,312) — — — — Counterparty netting (338,041) (210,922) (27,819) (576,782) — — — — Total derivative liabilities $ 34,908 $ 515 $ 4,789 $ 40,212 $ 7,719,141 $ 9,311,657 $ 2,150,123 $ 19,180,921 _____________ (1) Amounts include OTC derivatives that are centrally cleared in accordance with certain regulatory requirements. (2) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,029 billion and $ 876 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 336 million and $ 103 million is included in Customer and other receivables and Custom er and other payables, respectively, in the Company’s condensed consolidated statements of financial condition. (3) Notional amounts include gross notionals related to open long and short futures contracts of $ 685 billion and $ 1,122 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 472 million and $ 21 million is included in Customer and other receivables and Customer and other payables, respectively, in the Company’s condensed consolidated statem ents of financial condition.
Summary of Gains or Losses Reported on Derivative Instruments Designated and Not Designated as Accounting Hedges	Derivatives Designated as Fair Value Hedges. The following table presents gains (losses) reported on interest rate derivative inst ruments designated and qualifying as accounting hedges and the related hedged item as well as the hedge ineffectiveness included in Interest expense in the Company’s condensed consolidated statements of income: Gains (Losses) Recognized Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Derivatives $ (1,899) $ 621 $ (1,141) $ 931 Borrowings 2,213 (320) 1,720 (328) Total $ 314 $ 301 $ 579 $ 603 Derivatives Designated as Net Investment Hedges The following table presents gains (losses) reported on derivative instruments designated and qualifying as accounting hedges: Gains (Losses) Recognized in OCI (effective portion) Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Foreign exchange contracts(1) $ (81) $ (109) $ 181 $ (176) Total $ (81) $ (109) $ 181 $ (176) ____________ (1) Losses of $ 36 million and $ 80 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in interest income during the quarter and six months ended June 30, 2015 , respectively. Losses of $ 52 million and $ 97 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in interest income during the quarter and six months ended June 30, 2014 , res pectively. The following table summarizes gains (losses) on derivative instruments not designated as accounting hedges: Gains (Losses) Recognized in Income(1) Three Months Ended Six Months Ended June 30, June 30, Product Type 2015 2014 2015 2014 (dollars in millions) Interest rate contracts $ 2,194 $ (679) $ 477 $ (2,033) Credit contracts 36 (354) (209) (197) Foreign exchange contracts (5,895) 567 (4,795) 1,591 Equity contracts (953) (1,918) (2,020) (2,077) Commodity contracts 51 (53) 649 472 Other contracts 17 49 (65) 145 Total derivative instruments $ (4,550) $ (2,388) $ (5,963) $ (2,099) ____________ (1) Gains (losses) on derivative contracts not designated as hedges are primarily included in Trading revenues in the Company’s condensed consolidated statements of income. Gains (losses) associated with certain derivative contracts that have physically settled are excluded from the table above. Gains (losses) on these contracts are reflected with the associated cash instruments, which are also included in Trading revenues in the Company’s condensed consolidated statements of income.
Credit Risk-Related Contingencies	At June 30, 2015 (dollars in millions) Net derivative liabilities $ 28,962 Collateral posted 24,288 At June 30, 2015 (dollars in millions) Incremental collateral or terminating payments upon future rating downgrade(1): One-notch downgrade $ 1,269 Two-notch downgrade 1,232 ________ (1) Amounts include $ 2,027 million related to bilateral arrangements between the Company 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 a risk management tool used extensively by the Company as credit exposures are reduced if counterparties are downgraded.
Disclosure of Credit Derivatives	At June 30, 2015 Maximum Potential Payout/Notional Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 477,216 $ (2,449) $ 453,603 $ 1,910 Index and basket credit default swaps 243,574 (1,074) 210,171 710 Tranched index and basket credit default swaps 73,570 (2,039) 173,968 3,056 Total $ 794,360 $ (5,562) $ 837,742 $ 5,676 At December 31, 2014 Maximum Potential Payout/Notional Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 535,415 $ (2,479) $ 509,872 $ 1,641 Index and basket credit default swaps 276,465 (1,777) 229,789 1,563 Tranched index and basket credit default swaps 96,182 (2,355) 194,343 3,334 Total $ 908,062 $ (6,611) $ 934,004 $ 6,538 The table s below summarize the credit ratings of the reference obligation and maturities of protection sold through credit default swaps and other credit contracts at June 30, 2015 and December 31, 2014 : At June 30, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1)(2) Years to Maturity Credit Ratings of the Reference Obligation Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: AAA $ 3,675 $ 13,347 $ 6,408 $ 1,673 $ 25,103 $ (266) AA 8,146 18,305 9,425 1,717 37,593 (437) A 18,796 42,445 14,333 2,081 77,655 (1,184) BBB 41,406 101,019 46,196 11,627 200,248 (1,636) Non-investment grade 33,044 69,325 29,777 4,471 136,617 1,074 Total 105,067 244,441 106,139 21,569 477,216 (2,449) Index and basket credit default swaps: AAA 13,998 41,873 1,521 — 57,392 (1,145) A 4,207 5,513 6,219 12 15,951 (207) BBB 7,591 22,028 27,477 4,167 61,263 (866) Non-investment grade 27,268 88,883 49,553 16,834 182,538 (895) Total 53,064 158,297 84,770 21,013 317,144 (3,113) Total credit default swaps sold $ 158,131 $ 402,738 $ 190,909 $ 42,582 $ 794,360 $ (5,562) Other credit contracts(3) $ — $ 501 $ 346 $ 67 $ 914 $ (761) Total credit derivatives and other credit contracts $ 158,131 $ 403,239 $ 191,255 $ 42,649 $ 795,274 $ (6,323) At December 31, 2014 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1)(2) Years to Maturity Credit Ratings of the Reference Obligation Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: AAA $ 2,385 $ 9,400 $ 6,147 $ 692 $ 18,624 $ (113) AA 9,080 23,701 14,769 3,318 50,868 (688) A 22,861 52,291 22,083 2,944 100,179 (1,962) BBB 48,547 114,384 60,629 13,536 237,096 (1,489) Non-investment grade 29,857 66,066 29,011 3,714 128,648 1,773 Total 112,730 265,842 132,639 24,204 535,415 (2,479) Index and basket credit default swaps: AAA 17,625 31,124 7,265 1,883 57,897 (985) AA 704 6,512 716 2,864 10,796 (270) A 1,283 6,841 10,154 30 18,308 (465) BBB 30,265 40,575 60,141 7,730 138,711 (2,904) Non-investment grade 25,750 88,105 22,971 10,109 146,935 492 Total 75,627 173,157 101,247 22,616 372,647 (4,132) Total credit default swaps sold $ 188,357 $ 438,999 $ 233,886 $ 46,820 $ 908,062 $ (6,611) Other credit contracts(3) $ 51 $ 539 $ 1 $ 620 $ 1,211 $ (500) Total credit derivatives and other credit contracts $ 188,408 $ 439,538 $ 233,887 $ 47,440 $ 909,273 $ (7,111) _____________ (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting. (2) Fair value amounts of certain credit default swaps where the Company sold protection have an asset carrying value because credit spreads of the underlying reference entity or entities tightened during the term of the contracts. (3) Other credit contracts include CLNs, CDOs and credit default swaps that are considered hybrid instruments. Fair value amount s shown represent the fair value of the hybrid instruments.

Commitments, Guarantees and C37

Commitments, Guarantees and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments, Guarantees and Contingencies [Abstract]
Commitments by Period of Expiration	Years to Maturity Less Total at than 1 1-3 3-5 Over 5 June 30, 2015 (dollars in millions) Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 337 $ — $ 108 $ — $ 445 Investment activities 497 73 20 488 1,078 Primary lending commitments—investment grade(1) 8,501 15,644 35,655 1,051 60,851 Primary lending commitments—non-investment grade(1) 1,300 5,957 15,007 2,641 24,905 Secondary lending commitments 22 23 82 169 296 Commitments for secured lending transactions 1,890 740 568 — 3,198 Forward starting reverse repurchase agreements and securities borrowing agreements(2)(3) 54,109 — — — 54,109 Commercial and residential mortgage-related commitments 12 333 62 2,005 2,412 Underwriting commitments 2,660 — — — 2,660 Other lending commitments 4,890 925 340 239 6,394 Total $ 74,218 $ 23,695 $ 51,842 $ 6,593 $ 156,348 (1) These amounts include certain commitments participated to third parties totaling $ 1.4 billion of investment grade and $ 2.8 billion of non-investment grade , due to the nature of the Company’s obligations under the commitments . ( 2 ) The Company enters into forward starting reverse repurchase and securities borrowing agreements (agreements that have a trade date at or prior to June 30, 2015 and settle subsequent to period-end) that are primarily secured by collateral from U.S. go vernment agency securities and other sovereign government obligations. These agreements primarily settle within three business days of the trade date, and of the total amount at June 30, 2015 , $ 47.5 billion settled within t hree business days. (3) The Company also has a contingent obligation to provide financing to a clearinghouse through which it clears certain transactions. The financing is required only upon the default of a clearinghouse member. The financing takes the f orm of a reverse repurchase facility, with a maximum amount of approximately $ 1.3 billion.
Obligations under Guarantee Arrangements	Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity Type of Guarantee Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Credit derivative contracts(1) $ 158,131 $ 402,738 $ 190,909 $ 42,582 $ 794,360 $ (5,562) $ — Other credit contracts — 501 346 67 914 (761) — Non-credit derivative contracts(1) 1,139,484 784,721 284,645 539,407 2,748,257 64,290 — Standby letters of credit and other financial guarantees issued(2) 1,447 911 1,332 6,574 10,264 (212) 8,230 Market value guarantees 28 395 219 36 678 4 103 Liquidity facilities 2,744 — — 139 2,883 (4) 4,391 Whole loan sales guarantees — — — 23,517 23,517 9 — Securitization representations and warranties — — — 65,138 65,138 99 — General partner guarantees 61 47 123 283 514 71 — (1) Carrying amounts of derivative contracts are shown on a gross basis prior to cash collateral or counterparty netting. For further information on derivative contracts, see Note 10. (2) The se amounts include certain standby letters of credit participated to third parties totaling $ 0.5 billion due to the nature of the Company’s obligations under these arrangements.

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	6 Months Ended
	Jun. 30, 2015
Regulatory Requirements
Capital Measures	The following table presents the Company’ s capital measures under the U.S. Basel III Advanced Approach transitional rules and the minimum regulatory capital ratios. At June 30, 2015 At December 31, 2014 Amount Ratio Minimum Regulatory Capital Ratio(1) Amount Ratio Minimum Regulatory Capital Ratio(1) (dollars in millions) Regulatory capital and capital ratios: Common Equity Tier 1 capital $ 58,666 14.0% 4.5% $ 57,324 12.6% 4.0% Tier 1 capital 65,770 15.7% 6.0% 64,182 14.1% 5.5% Total capital 78,031 18.7% 8.0% 74,972 16.4% 8.0% Tier 1 leverage — 7.9% 4.0% — 7.9% 4.0% Assets: RWAs $ 417,707 N/A N/A $ 456,008 N/A N/A Adjusted average assets(2) 836,607 N/A N/A 810,524 N/A N/A __________ N/A—Not Applicable. (1) Percentages represent minimum regulatory capital ratios under U.S. Basel III transitional rules. (2) Beginning with the first quarter of 2015, i n accordance with U.S. Basel III, adjusted average assets represent the denominator of the Tier 1 leverage ratio and were composed of the average daily balance of consolidated on-balance sheet assets under U.S. GAAP during the calendar quarter, adjusted fo r disallowed goodwill, transitional intangible assets, certain deferred tax assets, certain investments in the capital instruments of unconsolidated financial institutions and other adjustments. The following table sets forth the capital information for MSBNA: At June 30, 2015 At December 31, 2014 U.S. Basel III Transitional/ Standardized Approach Required Capital Ratio(1) U.S. Basel III Transitional/ Basel I + Basel 2.5 Approach Required Capital Ratio(1) Amount Ratio Amount Ratio (dollars in millions) Common Equity Tier 1 capital $ 12,480 14.2% 6.5% $ 12,355 12.2% 6.5% Tier 1 capital 12,480 14.2% 8.0% 12,355 12.2% 8.0% Total capital 14,190 16.1% 10.0% 14,040 13.9% 10.0% Tier 1 leverage 12,480 9.9% 5.0% 12,355 10.2% 5.0% The following table sets forth the capital information for MSPB NA: At June 30, 2015 At December 31, 2014 U.S. Basel III Transitional/ Standardized Approach Required Capital Ratio(1) U.S. Basel III Transitional/ Basel I + Basel 2.5 Approach Required Capital Ratio(1) Amount Ratio Amount Ratio (dollars in millions) Common Equity Tier 1 capital $ 3,379 25.2% 6.5% $ 2,468 20.3% 6.5% Tier 1 capital 3,379 25.2% 8.0% 2,468 20.3% 8.0% Total capital 3,392 25.3% 10.0% 2,480 20.4% 10.0% Tier 1 leverage 3,379 11.4% 5.0% 2,468 9.4% 5.0% (1) Capital ratios required to be considered well-capitalized for U.S. regulatory purposes.

Total Equity (Tables)

Total Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Total Equity
Preferred Stock Outstanding	Shares Outstanding at June 30, 2015 Liquidation Preference per Share Carrying Value Series At June 30, 2015 At December 31, 2014 A 44,000 $ 25,000 $ 1,100 $ 1,100 C 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 G 20,000 25,000 500 500 H 52,000 25,000 1,300 1,300 I 40,000 25,000 1,000 1,000 J 60,000 25,000 1,500 — Total $ 7,520 $ 6,020
Changes in Accumulated Other Comprehensive Income (Loss) by Component	Foreign Currency Translation Adjustments Net Change in Cash Flow Hedges Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Related Adjustments Total (dollars in millions) Balance at March 31, 2015 $ (883) $ 4 $ 127 $ (514) $ (1,266) Other comprehensive income (loss) before reclassifications 50 — (208) (4) (162) Amounts reclassified from AOCI — — (20) 1 (19) Net other comprehensive income (loss) during the period 50 — (228) (3) (181) Balance at June 30, 2015 $ (833) $ 4 $ (101) $ (517) $ (1,447) Balance at March 31, 2014 $ (218) $ — $ (208) $ (542) $ (968) Other comprehensive income before reclassifications 68 — 168 2 238 Amounts reclassified from AOCI — 1 (6) 2 (3) Net other comprehensive income during the period 68 1 162 4 235 Balance at June 30, 2014 $ (150) $ 1 $ (46) $ (538) $ (733) Foreign Currency Translation Adjustments Net Change in Cash Flow Hedges Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Related Adjustments Total (dollars in millions) Balance at December 31, 2014 $ (663) $ 3 $ (73) $ (515) $ (1,248) Other comprehensive income (loss) before reclassifications (170) — 7 (4) (167) Amounts reclassified from AOCI — 1 (35) 2 (32) Net other comprehensive income (loss) during the period (170) 1 (28) (2) (199) Balance at June 30, 2015 $ (833) $ 4 $ (101) $ (517) $ (1,447) Balance at December 31, 2013 $ (266) $ (1) $ (282) $ (544) $ (1,093) Other comprehensive income before reclassifications 116 — 246 2 364 Amounts reclassified from AOCI — 2 (10) 4 (4) Net other comprehensive income during the period 116 2 236 6 360 Balance at June 30, 2014 $ (150) $ 1 $ (46) $ (538) $ (733)

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share
Calculation of Basic and Diluted EPS	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Basic EPS: Income from continuing operations $ 1,833 $ 1,917 $ 4,301 $ 3,502 Income (loss) from discontinued operations (2) — (7) (1) Net income 1,831 1,917 4,294 3,501 Net income applicable to nonredeemable noncontrolling interests 24 18 93 97 Net income applicable to Morgan Stanley 1,807 1,899 4,201 3,404 Less: Preferred dividends (141) (76) (219) (130) Less: Allocation of (earnings) loss to participating RSUs(1): From continuing operations (1) (3) (3) (5) Earnings applicable to Morgan Stanley common shareholders $ 1,665 $ 1,820 $ 3,979 $ 3,269 Weighted average common shares outstanding 1,919 1,928 1,922 1,926 Earnings per basic common share: Income from continuing operations $ 0.87 $ 0.94 $ 2.07 $ 1.70 Income (loss) from discontinued operations — — — — Earnings per basic common share $ 0.87 $ 0.94 $ 2.07 $ 1.70 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,665 $ 1,820 $ 3,979 $ 3,269 Weighted average common shares outstanding 1,919 1,928 1,922 1,926 Effect of dilutive securities: Stock options and RSUs(1) 41 41 40 43 Weighted average common shares outstanding and common stock equivalents 1,960 1,969 1,962 1,969 Earnings per diluted common share: Income from continuing operations $ 0.85 $ 0.92 $ 2.03 $ 1.66 Income (loss) from discontinued operations — — — — Earnings per diluted common share $ 0.85 $ 0.92 $ 2.03 $ 1.66 _____________ ( 1 ) RSUs that are considered participating securities participate in all of the earnings of the Company in the computation of basic EPS, and , therefore, such RSUs are not included as incremental shares in the dilute d calculation.
Antidilutive Securities Excluded From The Computation Of Diluted EPS	Three Months Ended Six Months Ended June 30, June 30, Number of Antidilutive Securities Outstanding at End of Period: 2015 2014 2015 2014 (shares in millions) Stock options 11 13 11 13 RSUs and performance-based stock units 1 3 1 3 Total 12 16 12 16

Interest Income and Interest 41

Interest Income and Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2015
Interest Income And Interest Expense
Schedule of Details of Interest Income and Interest Expense	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (dollars in millions) Interest income(1): Trading assets(2) $ 555 $ 528 $ 1,149 $ 1,029 Investment securities 238 150 438 288 Loans 529 358 1,004 730 Interest bearing deposits with banks 22 24 45 59 Securities purchased under agreements to resell and Securities borrowed(3) (200) (127) (305) (136) Customer receivables and Other(4) 242 317 539 623 Total interest income $ 1,386 $ 1,250 $ 2,870 $ 2,593 Interest expense(1): Deposits $ 17 $ 17 $ 35 $ 30 Short-term borrowings 5 2 9 2 Long-term borrowings 915 930 1,841 1,865 Securities sold under agreements to repurchase and Securities loaned(5) 235 303 543 629 Customer payables and Other(6) (484) (269) (852) (508) Total interest expense $ 688 $ 983 $ 1,576 $ 2,018 Net interest $ 698 $ 267 $ 1,294 $ 575 _____________ (1) Interest income and expense are recorded within the Company’s condensed consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is 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. (2) Interest expense on Trading liabilities is reported as a reduction to Interest income on Trading assets. (3) Includes fees paid on Securities borrowed. (4) Includes interest from Customer receivables and Other interest earning assets. (5) Includes fees received on Securities loaned. (6) Includes fees received from prime brokerage custo mers for stock loan transactions incurred to cover customers’ short positions.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Employee Benefit Plans
Components of Net Periodic Benefit Expense	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (dollars in millions) Service cost, benefits earned during the period $ 5 $ 6 $ 10 $ 12 Interest cost on projected benefit obligation 38 40 77 80 Expected return on plan assets (29) (27) (59) (55) Net amortization of prior service cost (credit) (5) (3) (10) (6) Net amortization of actuarial loss 7 6 13 12 Net periodic benefit expense $ 16 $ 22 $ 31 $ 43

Segment and Geographic Inform43

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting
Selected Financial Information by Segments	Three Months Ended June 30, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 5,205 $ 3,138 $ 757 $ (55) $ 9,045 Interest income 723 782 — (119) 1,386 Interest expense 756 45 6 (119) 688 Net interest (33) 737 (6) — 698 Net revenues $ 5,172 $ 3,875 $ 751 $ (55) $ 9,743 Income from continuing operations before income taxes $ 1,622 $ 885 $ 220 $ — $ 2,727 Provision for income taxes 511 324 59 — 894 Income from continuing operations 1,111 561 161 — 1,833 Discontinued operations: Income (loss) from discontinued operations before income taxes (2) — — — (2) Provision for income taxes — — — — — Income (loss) from discontinued operations (2) — — — (2) Net income 1,109 561 161 — 1,831 Net income applicable to nonredeemable noncontrolling interests 22 — 2 — 24 Net income applicable to Morgan Stanley $ 1,087 $ 561 $ 159 $ — $ 1,807 Three Months Ended June 30, 2014 Institutional Securities Wealth Management(3) Investment Management(3) Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 4,554 $ 3,125 $ 712 $ (50) $ 8,341 Interest income 758 616 1 (125) 1,250 Interest expense 1,064 39 8 (128) 983 Net interest (306) 577 (7) 3 267 Net revenues $ 4,248 $ 3,702 $ 705 $ (47) $ 8,608 Income from continuing operations before income taxes $ 960 $ 763 $ 209 $ — $ 1,932 Provision for (benefit from) income taxes(2) (344) 296 63 — 15 Income from continuing operations 1,304 467 146 — 1,917 Discontinued operations: Income (loss) from discontinued operations before income taxes (6) — 5 — (1) Provision for (benefit from) income taxes (3) — 2 — (1) Income (loss) from discontinued operations (3) — 3 — — Net income 1,301 467 149 — 1,917 Net income applicable to nonredeemable noncontrolling interests 11 — 7 — 18 Net income applicable to Morgan Stanley $ 1,290 $ 467 $ 142 $ — $ 1,899 Six Months Ended June 30, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 10,751 $ 6,283 $ 1,431 $ (109) $ 18,356 Interest income 1,593 1,519 1 (243) 2,870 Interest expense 1,714 93 12 (243) 1,576 Net interest (121) 1,426 (11) — 1,294 Net revenues $ 10,630 $ 7,709 $ 1,420 $ (109) $ 19,650 Income from continuing operations before income taxes $ 3,435 $ 1,740 $ 407 $ — $ 5,582 Provision for income taxes(2) 517 644 120 — 1,281 Income from continuing operations 2,918 1,096 287 — 4,301 Discontinued operations: Income (loss) from discontinued operations before income taxes (10) — — — (10) Provision for (benefit from) income taxes (3) — — — (3) Income (loss) from discontinued operations (7) — — — (7) Net income 2,911 1,096 287 — 4,294 Net income applicable to nonredeemable noncontrolling interests 74 — 19 — 93 Net income applicable to Morgan Stanley $ 2,837 $ 1,096 $ 268 $ — $ 4,201 Six Months Ended June 30, 2014 Institutional Securities Wealth Management(3) Investment Management(3) Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(1) $ 9,456 $ 6,196 $ 1,468 $ (91) $ 17,029 Interest income 1,639 1,197 2 (245) 2,593 Interest expense 2,170 82 13 (247) 2,018 Net interest (531) 1,115 (11) 2 575 Net revenues $ 8,925 $ 7,311 $ 1,457 $ (89) $ 17,604 Income from continuing operations before income taxes $ 2,376 $ 1,449 $ 477 $ — $ 4,302 Provision for income taxes(2) 82 561 157 — 800 Income from continuing operations 2,294 888 320 — 3,502 Discontinued operations: Income (loss) from discontinued operations before income taxes (9) — 6 — (3) Provision for (benefit from) income taxes (4) — 2 — (2) Income (loss) from discontinued operations (5) — 4 — (1) Net income 2,289 888 324 — 3,501 Net income applicable to nonredeemable noncontrolling interests 36 — 61 — 97 Net income applicable to Morgan Stanley $ 2,253 $ 888 $ 263 $ — $ 3,404 (1) In certain management fee arrangements, the Company is entitled to receive performance-based fees (also referred to as incentive fees) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenue is accrued (or reversed) quarterly based on measuring account fund performance to date versus the performance benchmark stated in the investment management agreement. The amount of cumulative performance-based fee rev enue at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 618 million at June 30, 2015 and approximately $ 634 million at December 31, 201 4 (see Note 2 to the Company’s consolid ated financial statements in the 2014 Form 10-K ). (2) The Company’s effective tax rate from continuing operations for the six months ended June 30, 2015 included a net discrete tax benefit of $ 564 million (within the Company’s Institutional Securitie s business segment). The Company’s effective tax rate from continuing operations for the quarter and six months ended June 30, 2014 included a net discrete tax benefit of $ 6 09 million (primarily within the Company’s Institutional Securities business segment) ( see Note 17). (3) On October 1, 2014, the Managed Futures business was transferred from the Company’s Wealth Management business segment to the Company’s Investment Management business segment. All prior-period amounts have been recast to conform to t he current year’s presentation .
Assets by Segments	Total Assets(1) Institutional Securities(2) Wealth Management Investment Management Total (dollars in millions) At June 30, 2015 $ 656,529 $ 163,943 $ 5,283 $ 825,755 At December 31, 2014 $ 630,341 $ 165,147 $ 6,022 $ 801,510 (1) Corporate assets have been fully allocated to the Company’s business segments. (2) Includes a $ 159 million net increase in Intangible assets in the second quarter of 2015. Sa les of intangible assets resulted in a gain of $ 78 million recorded in Other revenues in the Company’s condensed consolidated statements of income.
Net Revenues by Geographic Area	Three Months Ended Six Months Ended June 30, June 30, Net Revenues 2015 2014 2015 2014 (dollars in millions) Americas $ 6,777 $ 6,132 $ 13,707 $ 12,714 EMEA 1,436 1,498 3,198 2,920 Asia-Pacific 1,530 978 2,745 1,970 Net revenues $ 9,743 $ 8,608 $ 19,650 $ 17,604

Introduction and Basis of Pre44

Introduction and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Global Oil Merchanting Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges recognized in Other revenues	$ 59	$ 59
Canadian Terminal Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on business dispositions included in continuing operations			$ 45

Significant Accounting Polici45

Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements of Cash Flows
Reduction in nonredeemable noncontrolling interests related to deconsolidation of certain legal entities associated with a real estate fund			$ 191	$ 1,606
Real Estate Funds
Consolidated Statements of Cash Flows
Reduction in nonredeemable noncontrolling interests related to deconsolidation of certain legal entities associated with a real estate fund	$ 191
Noncash reduction in Assets	$ (169)
Another Real Estate Funds
Consolidated Statements of Cash Flows
Reduction in nonredeemable noncontrolling interests related to deconsolidation of certain legal entities associated with a real estate fund		$ 1,600
Noncash reduction in Assets		$ (1,300)

Fair Value Disclosures (Assets

Fair Value Disclosures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2015
Assets at Fair Value
Netting	$ (639,977)	$ (479,048)
Investments	6,651	5,912
Trading assets, fair value	256,801	250,279
AFS securities	69,216	63,709
Marketable Securities	69,316	66,132
Securities received as collateral	21,316	15,492
Securities purchased under agreement to resell	1,113	810
Intangible assets	6	6
Liabilities at Fair Value
Short-term borrowings	1,765	2,825
Netting	(614,094)	(462,591)
Total trading liabilities	107,381	125,152
Obligation to return securities received as collateral	25,685	23,250
Securities sold under agreement to repurchase	612	594
Other secured financings	4,504	4,074
Long-term borrowings	31,774	32,994
AFS securities
Assets at Fair Value
AFS securities	69,216	63,709
Recurring
Assets at Fair Value
U.S. government and agency securities	36,004	34,791
Other sovereign government obligations	23,078	26,352
Corporate and other debt	38,947	37,412
Corporate equities	114,119	111,211
Derivative and other contracts	36,394	32,539
Netting	(639,977)	(479,048)
Investments	6,651	5,912
Physical commodities	1,608	2,062
Trading assets, fair value	256,801	250,279
Securities received as collateral	21,316	15,492
Securities purchased under agreement to resell	1,113	810
Intangible assets	6	6
Total assets measured at fair value	348,452	330,296
Liabilities at Fair Value
Short-term borrowings	1,765	2,825
U.S. government and agency securities	15,558	16,969
Other sovereign government obligations	13,762	20,393
Corporate and other debt	6,138	5,937
Corporate equities	31,711	43,881
Derivative and other contracts	40,212	37,972
Netting	(614,094)	(462,591)
Total trading liabilities	107,381	125,152
Obligation to return securities received as collateral	25,685	23,250
Securities sold under agreement to repurchase	612	594
Other secured financings	4,504	4,074
Long-term borrowings	31,774	32,994
Total liabilities measure at fair value	171,721	188,889
Recurring | Net Asset Value
Assets at Fair Value
Investments	5,009	4,534
Recurring | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	16,961	16,664
Liabilities at Fair Value
U.S. government and agency securities	14,199	15,679
Recurring | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	19,043	18,127
Liabilities at Fair Value
U.S. government and agency securities	1,359	1,290
Recurring | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	2,049	1,994
Liabilities at Fair Value
Corporate and other debt	1	2
Recurring | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	2,166	2,496
Recurring | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,580	1,403
Recurring | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	659	858
Recurring | Corporate Bonds
Assets at Fair Value
Corporate and other debt	16,186	14,800
Liabilities at Fair Value
Corporate and other debt	6,021	5,921
Recurring | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	1,893	1,022
Recurring | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	11,962	12,107
Recurring | Unfunded Lending Commitments
Liabilities at Fair Value
Corporate and other debt	15	6
Recurring | Other Debt
Assets at Fair Value
Corporate and other debt	2,452	2,732
Liabilities at Fair Value
Corporate and other debt	101	8
Recurring | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	498,173	355,495
Liabilities at Fair Value
Derivative and other contracts	472,578	333,556
Recurring | Credit Contracts
Assets at Fair Value
Derivative and other contracts	32,182	24,939
Liabilities at Fair Value
Derivative and other contracts	32,109	25,053
Recurring | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	73,101	63,557
Liabilities at Fair Value
Derivative and other contracts	72,352	66,305
Recurring | Equity Contracts
Assets at Fair Value
Derivative and other contracts	48,124	49,499
Liabilities at Fair Value
Derivative and other contracts	55,572	58,281
Recurring | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	24,415	17,952
Liabilities at Fair Value
Derivative and other contracts	21,523	17,199
Recurring | Other Contracts
Assets at Fair Value
Derivative and other contracts	376	145
Liabilities at Fair Value
Derivative and other contracts	172	169
Recurring | Principal Investments
Assets at Fair Value
Investments	896	663
Recurring | Other Investments
Assets at Fair Value
Investments	746	715
Recurring | AFS securities
Assets at Fair Value
AFS securities	69,216	63,709
Recurring | Level 1
Assets at Fair Value
U.S. government and agency securities	17,811	17,995
Other sovereign government obligations	15,149	17,317
Corporate and other debt	0	0
Corporate equities	112,490	109,680
Derivative and other contracts	512	385
Netting	(4,910)	(4,515)
Investments	283	250
Physical commodities	0	0
Trading assets, fair value	146,245	145,627
Securities received as collateral	21,265	15,480
Securities purchased under agreement to resell	0	0
Intangible assets	0	0
Total assets measured at fair value	204,710	189,585
Liabilities at Fair Value
Short-term borrowings	0	0
U.S. government and agency securities	15,473	16,790
Other sovereign government obligations	11,653	18,040
Corporate and other debt	0	0
Corporate equities	31,340	42,192
Derivative and other contracts	946	564
Netting	(4,910)	(4,515)
Total trading liabilities	59,412	77,586
Obligation to return securities received as collateral	25,629	23,237
Securities sold under agreement to repurchase	0	0
Other secured financings	0	0
Long-term borrowings	0	0
Total liabilities measure at fair value	85,041	100,823
Recurring | Level 1 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	16,961	16,664
Liabilities at Fair Value
U.S. government and agency securities	14,199	15,679
Recurring | Level 1 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	850	1,331
Liabilities at Fair Value
U.S. government and agency securities	1,274	1,111
Recurring | Level 1 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	0	0
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	0	0
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Unfunded Lending Commitments
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Other Debt
Assets at Fair Value
Corporate and other debt	0	0
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 1 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	663	827
Liabilities at Fair Value
Derivative and other contracts	602	766
Recurring | Level 1 | Credit Contracts
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 Contracts
Assets at Fair Value
Derivative and other contracts	83	60
Liabilities at Fair Value
Derivative and other contracts	21	12
Recurring | Level 1 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	571	633
Liabilities at Fair Value
Derivative and other contracts	416	490
Recurring | Level 1 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	4,105	3,380
Liabilities at Fair Value
Derivative and other contracts	4,817	3,811
Recurring | Level 1 | Other Contracts
Assets at Fair Value
Derivative and other contracts	0	0
Liabilities at Fair Value
Derivative and other contracts	0	0
Recurring | Level 1 | Principal Investments
Assets at Fair Value
Investments	58	57
Recurring | Level 1 | Other Investments
Assets at Fair Value
Investments	225	193
Recurring | Level 1 | AFS securities
Assets at Fair Value
AFS securities	37,200	28,478
Recurring | Level 2
Assets at Fair Value
U.S. government and agency securities	18,193	16,793
Other sovereign government obligations	7,888	9,023
Corporate and other debt	30,903	29,709
Corporate equities	1,357	1,045
Derivative and other contracts	98,866	82,210
Netting	(564,127)	(416,622)
Investments	201	247
Physical commodities	1,608	2,062
Trading assets, fair value	159,016	141,089
Securities received as collateral	51	9
Securities purchased under agreement to resell	1,113	810
Intangible assets	0	0
Total assets measured at fair value	192,196	177,139
Liabilities at Fair Value
Short-term borrowings	1,765	2,825
U.S. government and agency securities	85	179
Other sovereign government obligations	2,109	2,353
Corporate and other debt	6,017	5,918
Corporate equities	326	1,577
Derivative and other contracts	74,583	69,331
Netting	(564,127)	(416,622)
Total trading liabilities	83,120	79,358
Obligation to return securities received as collateral	56	10
Securities sold under agreement to repurchase	459	440
Other secured financings	4,355	3,906
Long-term borrowings	29,840	30,773
Total liabilities measure at fair value	119,595	117,312
Recurring | Level 2 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	0	0
Liabilities at Fair Value
U.S. government and agency securities	0	0
Recurring | Level 2 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	18,193	16,793
Liabilities at Fair Value
U.S. government and agency securities	85	179
Recurring | Level 2 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	2,049	1,987
Liabilities at Fair Value
Corporate and other debt	1	2
Recurring | Level 2 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,991	2,118
Recurring | Level 2 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,484	1,319
Recurring | Level 2 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	583	839
Recurring | Level 2 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	15,800	14,321
Liabilities at Fair Value
Corporate and other debt	5,943	5,906
Recurring | Level 2 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	741	362
Recurring | Level 2 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	6,088	6,595
Recurring | Level 2 | Unfunded Lending Commitments
Liabilities at Fair Value
Corporate and other debt	10	6
Recurring | Level 2 | Other Debt
Assets at Fair Value
Corporate and other debt	2,167	2,168
Liabilities at Fair Value
Corporate and other debt	63	4
Recurring | Level 2 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	495,026	352,457
Liabilities at Fair Value
Derivative and other contracts	469,319	330,343
Recurring | Level 2 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	30,813	24,053
Liabilities at Fair Value
Derivative and other contracts	29,997	23,178
Recurring | Level 2 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	72,769	63,005
Liabilities at Fair Value
Derivative and other contracts	72,233	66,247
Recurring | Level 2 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	45,967	47,745
Liabilities at Fair Value
Derivative and other contracts	51,405	54,568
Recurring | Level 2 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	18,042	11,427
Liabilities at Fair Value
Derivative and other contracts	15,584	11,448
Recurring | Level 2 | Other Contracts
Assets at Fair Value
Derivative and other contracts	376	145
Liabilities at Fair Value
Derivative and other contracts	172	169
Recurring | Level 2 | Principal Investments
Assets at Fair Value
Investments	3	25
Recurring | Level 2 | Other Investments
Assets at Fair Value
Investments	198	222
Recurring | Level 2 | AFS securities
Assets at Fair Value
AFS securities	32,016	35,231
Recurring | Level 3
Assets at Fair Value
U.S. government and agency securities	0	3
Other sovereign government obligations	41	12
Corporate and other debt	8,044	7,703
Corporate equities	272	486
Derivative and other contracts	3,736	3,644
Netting	(4,220)	(4,211)
Investments	1,158	881
Physical commodities	0	0
Trading assets, fair value	13,251	12,729
Securities received as collateral	0	3
Securities purchased under agreement to resell	0	0
Intangible assets	6	6
Total assets measured at fair value	13,257	12,738
Liabilities at Fair Value
Short-term borrowings	0	0
U.S. government and agency securities	0	0
Other sovereign government obligations	0	0
Corporate and other debt	121	19
Corporate equities	45	112
Derivative and other contracts	5,520	5,320
Netting	(4,220)	(4,211)
Total trading liabilities	5,686	5,451
Obligation to return securities received as collateral	0	3
Securities sold under agreement to repurchase	153	154
Other secured financings	149	168
Long-term borrowings	1,934	2,221
Total liabilities measure at fair value	7,922	7,997
Recurring | Level 3 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	0	0
Liabilities at Fair Value
U.S. government and agency securities	0	0
Recurring | Level 3 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	0	3
Liabilities at Fair Value
U.S. government and agency securities	0	0
Recurring | Level 3 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	0	7
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 3 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	175	378
Recurring | Level 3 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	96	84
Recurring | Level 3 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	76	19
Recurring | Level 3 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	386	479
Liabilities at Fair Value
Corporate and other debt	78	15
Recurring | Level 3 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	1,152	660
Recurring | Level 3 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	5,874	5,512
Recurring | Level 3 | Unfunded Lending Commitments
Liabilities at Fair Value
Corporate and other debt	5	0
Recurring | Level 3 | Other Debt
Assets at Fair Value
Corporate and other debt	285	564
Liabilities at Fair Value
Corporate and other debt	38	4
Recurring | Level 3 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	2,484	2,211
Liabilities at Fair Value
Derivative and other contracts	2,657	2,447
Recurring | Level 3 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	1,369	886
Liabilities at Fair Value
Derivative and other contracts	2,112	1,875
Recurring | Level 3 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	249	492
Liabilities at Fair Value
Derivative and other contracts	98	46
Recurring | Level 3 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	1,586	1,121
Asset derivative equity contract increased by	57
Liabilities at Fair Value
Derivative and other contracts	3,751	3,223
Liabilities derivative equity contract increased by	842
Recurring | Level 3 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	2,268	3,145
Liabilities at Fair Value
Derivative and other contracts	1,122	1,940
Recurring | Level 3 | Other Contracts
Assets at Fair Value
Derivative and other contracts	0	0
Liabilities at Fair Value
Derivative and other contracts	0	0
Recurring | Level 3 | Principal Investments
Assets at Fair Value
Investments	835	581
Recurring | Level 3 | Other Investments
Assets at Fair Value
Investments	323	300
Recurring | Level 3 | AFS securities
Assets at Fair Value
AFS securities	0	0
Recurring | Counterparty and Cash Collateral Netting
Assets at Fair Value
Derivative and other contracts	(66,720)	(53,700)
Netting	(66,720)	(53,700)
Trading assets, fair value	(66,720)	(53,700)
Total assets measured at fair value	(66,720)	(53,700)
Liabilities at Fair Value
Derivative and other contracts	(40,837)	(37,243)
Netting	(40,837)	(37,243)
Total trading liabilities	(40,837)	(37,243)
Total liabilities measure at fair value	$ (40,837)	$ (37,243)

Fair Value Disclosures (Changes

Fair Value Disclosures (Changes in 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		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Securities Received as Collateral
Assets
Beginning balance	$ 33	$ 3	$ 0
Realized and Unrealized Gains (Losses)	0	0	0
Purchases	0	0	3
Sales	(30)	0	0
Issuances	0	0	0
Settlements	0	(3)	0
Net Transfers	0	0	0
Ending balance	3	0	3	$ 0	$ 0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	0
Intangible Assets
Assets
Beginning balance	5	7	6	8	8
Realized and Unrealized Gains (Losses)	1	(1)	1	(1)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	(1)	(1)
Net Transfers	0	0	0	0
Ending balance	6	6	6	6	6
Unrealized Gains (Losses) for Level 3 Assets Outstanding	1	(1)	1	(1)
Short-term Borrowings
Liabilities
Beginning balance				1	1
Realized and Unrealized Gains (Losses)				0
Purchases				0
Sales				0
Issuances				0
Settlements				(1)
Net Transfers				0
Ending balance		0		0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding				0
Obligation to Return Securities Received as Collateral
Liabilities
Beginning balance	33	3	0
Realized and Unrealized Gains (Losses)	0	0	0
Purchases	(30)	0	0
Sales	0	0	3
Issuances	0	0	0
Settlements	0	0	0
Net Transfers	0	(3)	0
Ending balance	3	0	3	0	0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	0	0
Securities Sold under Agreements to Repurchase
Liabilities
Beginning balance	154	154	153	154	154
Realized and Unrealized Gains (Losses)	0	(1)	(1)	(1)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	0	0	0
Ending balance	154	155	154	155	153
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	(1)	(1)	(1)
Other Secured Financings
Liabilities
Beginning balance	133	275	149	278	278
Realized and Unrealized Gains (Losses)	2	(5)	(6)	(9)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	37	17	37	18
Settlements	0	(178)	(24)	(186)
Net Transfers	0	16	0	16
Ending balance	168	135	168	135	149
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	2	(4)	2	(5)
Long-term Borrowings
Liabilities
Beginning balance	1,738	1,878	1,934	1,887	1,887
Realized and Unrealized Gains (Losses)	51	(50)	65	(80)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	549	160	612	359
Settlements	(88)	(89)	(300)	(233)
Net Transfers	73	(220)	40	(314)
Ending balance	2,221	1,779	2,221	1,779	1,934
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	51	(50)	59	(81)
Trading Assets | U.S. Agency Securities
Assets
Beginning balance	0		0
Realized and Unrealized Gains (Losses)	0		0
Purchases	0		3
Sales	(3)		0
Issuances	0		0
Settlements	0		0
Net Transfers	6		0
Ending balance	3		3		0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0		0
Trading Assets | Other Sovereign Government Obligations
Assets
Beginning balance	11	8	41	27	27
Realized and Unrealized Gains (Losses)	0	0	1	0
Purchases	5	7	6	8
Sales	(1)	(2)	(32)	(21)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(3)	1	(4)	0
Ending balance	12	14	12	14	41
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	1	0
Trading Assets | Corporate and Other Debt
Assets
Beginning balance	7,064	7,127	8,044	7,404	7,404
Realized and Unrealized Gains (Losses)	98	306	194	117
Purchases	2,431	2,157	2,905	2,663
Sales	(1,105)	(1,371)	(1,119)	(1,741)
Issuances	0	0	0	0
Settlements	(571)	(333)	(2,411)	(706)
Net Transfers	(214)	(22)	90	127
Ending balance	7,703	7,864	7,703	7,864	8,044
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(2)	271	45	12
Trading Assets | Corporate and Other Debt | State and Municipal Securities
Assets
Beginning balance	0	0	0	0	0
Realized and Unrealized Gains (Losses)	1	0	1	0
Purchases	4	4	4	4
Sales	(9)	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	11	0	2	0
Ending balance	7	4	7	4	0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	1	0	1	0
Trading Assets | Corporate and Other Debt | Residential Mortgage-backed Securities
Assets
Beginning balance	296	51	175	47	47
Realized and Unrealized Gains (Losses)	2	10	21	13
Purchases	138	1	163	1
Sales	(32)	(7)	(51)	(5)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(26)	0	70	(1)
Ending balance	378	55	378	55	175
Unrealized Gains (Losses) for Level 3 Assets Outstanding	2	8	12	9
Trading Assets | Corporate and Other Debt | Commercial Mortgage-backed Securities
Assets
Beginning balance	180	80	96	108	108
Realized and Unrealized Gains (Losses)	(4)	5	(6)	13
Purchases	5	14	16	23
Sales	(9)	(52)	(22)	(97)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(88)	0	0	0
Ending balance	84	47	84	47	96
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(5)	(1)	(9)	(1)
Trading Assets | Corporate and Other Debt | Asset-backed Securities
Assets
Beginning balance	67	146	76	103	103
Realized and Unrealized Gains (Losses)	5	0	(4)	(4)
Purchases	11	28	11	30
Sales	(64)	(115)	(29)	(88)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	6	(35)	24
Ending balance	19	65	19	65	76
Unrealized Gains (Losses) for Level 3 Assets Outstanding	1	0	2	0
Trading Assets | Corporate and Other Debt | Corporate Bonds
Assets
Beginning balance	424	538	386	522	522
Realized and Unrealized Gains (Losses)	(4)	64	10	96
Purchases	228	100	213	169
Sales	(150)	(223)	(126)	(304)
Issuances	0	0	0	0
Settlements	(2)	0	(1)	0
Net Transfers	(17)	31	(3)	27
Ending balance	479	510	479	510	386
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(16)	42	9	68
Trading Assets | Corporate and Other Debt | Collateralized Debt and Loan Obligations
Assets
Beginning balance	822	1,293	1,152	1,468	1,468
Realized and Unrealized Gains (Losses)	68	79	145	134
Purchases	300	497	404	658
Sales	(439)	(534)	(682)	(886)
Issuances	0	0	0	0
Settlements	(78)	(27)	(331)	(72)
Net Transfers	(13)	24	(28)	30
Ending balance	660	1,332	660	1,332	1,152
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(10)	32	(6)	52
Trading Assets | Corporate and Other Debt | Loans and Lending Commitments
Assets
Beginning balance	4,789	4,988	5,874	5,129	5,129
Realized and Unrealized Gains (Losses)	31	146	35	(137)
Purchases	1,615	1,505	2,082	1,770
Sales	(351)	(423)	(209)	(343)
Issuances	0	0	0	0
Settlements	(491)	(304)	(2,078)	(634)
Net Transfers	(81)	(83)	(192)	44
Ending balance	5,512	5,829	5,512	5,829	5,874
Unrealized Gains (Losses) for Level 3 Assets Outstanding	26	188	30	(117)
Trading Assets | Corporate and Other Debt | Other Debt
Assets
Beginning balance	486	31	285	27	27
Realized and Unrealized Gains (Losses)	(1)	2	(8)	2
Purchases	130	8	12	8
Sales	(51)	(17)	0	(18)
Issuances	0	0	0	0
Settlements	0	(2)	(1)	0
Net Transfers	0	0	276	3
Ending balance	564	22	564	22	285
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(1)	2	6	1
Trading Assets | Corporate Equities
Assets
Beginning balance	230	263	272	190	190
Realized and Unrealized Gains (Losses)	38	16	64	18
Purchases	266	68	260	79
Sales	(92)	(29)	(147)	(38)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	44	(75)	37	(6)
Ending balance	486	243	486	243	272
Unrealized Gains (Losses) for Level 3 Assets Outstanding	26	11	49	14
Trading Assets | Net Derivative and Other Contracts
Assets
Beginning balance	(2,310)	(326)	(1,784)	79	79
Realized and Unrealized Gains (Losses)	109	(446)	259	(600)
Purchases	49	149	98	389
Sales	0	(2)	0	(3)
Issuances	(204)	(40)	(412)	(280)
Settlements	252	(160)	383	(270)
Net Transfers	428	147	(220)	7
Ending balance	(1,676)	(678)	(1,676)	(678)	(1,784)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	(442)	107	(660)
Trading Assets | Net Derivative and Other Contracts | Interest Rate Contracts
Assets
Beginning balance	(496)	(121)	(173)	113	113
Realized and Unrealized Gains (Losses)	95	(64)	188	(141)
Purchases	4	1	9	1
Sales	0	0	0	0
Issuances	(13)	0	(20)	0
Settlements	14	77	124	(46)
Net Transfers	160	(2)	(364)	(36)
Ending balance	(236)	(109)	(236)	(109)	(173)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	135	(25)	197	(130)
Trading Assets | Net Derivative and Other Contracts | Credit Contracts
Assets
Beginning balance	(984)	(231)	(743)	(147)	(147)
Realized and Unrealized Gains (Losses)	(24)	(362)	(276)	(576)
Purchases	4	8	17	45
Sales	0	0	0	0
Issuances	(24)	(8)	(54)	(62)
Settlements	23	(157)	31	47
Net Transfers	16	40	36	(17)
Ending balance	(989)	(710)	(989)	(710)	(743)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(29)	(357)	(284)	(582)
Trading Assets | Net Derivative and Other Contracts | Foreign Exchange Contracts
Assets
Beginning balance	297	52	151	68	68
Realized and Unrealized Gains (Losses)	57	21	121	14
Purchases	0	3	0	4
Sales	0	(1)	0	(1)
Issuances	(1)	0	(1)	0
Settlements	43	30	144	38
Net Transfers	50	4	31	(14)
Ending balance	446	109	446	109	151
Unrealized Gains (Losses) for Level 3 Assets Outstanding	82	21	120	15
Trading Assets | Net Derivative and Other Contracts | Equity Contracts
Assets
Beginning balance	(2,472)	(1,099)	(2,165)	(831)	(831)
Realized and Unrealized Gains (Losses)	(23)	3	(73)	(15)
Purchases	39	29	69	175
Sales	0	(1)	0	(2)
Issuances	(54)	(32)	(225)	(218)
Settlements	206	(102)	156	(280)
Net Transfers	202	105	136	74
Ending balance	(2,102)	(1,097)	(2,102)	(1,097)	(2,165)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(161)	(25)	(160)	(58)
Trading Assets | Net Derivative and Other Contracts | Commodity Contracts
Assets
Beginning balance	1,345	1,074	1,146	880	880
Realized and Unrealized Gains (Losses)	4	(43)	299	121
Purchases	2	108	3	164
Sales	0	0	0	0
Issuances	(112)	0	(112)	0
Settlements	(34)	(7)	(72)	(33)
Net Transfers	0	0	(59)	0
Ending balance	1,205	1,132	1,205	1,132	1,146
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(27)	(55)	234	98
Trading Assets | Net Derivative and Other Contracts | Other Contracts
Assets
Beginning balance		(1)		(4)	(4)
Realized and Unrealized Gains (Losses)		(1)		(3)
Purchases		0		0
Sales		0		0
Issuances		0		0
Settlements		(1)		4
Net Transfers		0		0
Ending balance		(3)		(3)
Unrealized Gains (Losses) for Level 3 Assets Outstanding		(1)		(3)
Trading Assets | Investments
Liabilities
Realized and Unrealized Gains (Losses)	(25)	(12)	(20)	37
Trading Assets | Investments | Principal Investments
Assets
Beginning balance	829	2,193	835	2,160	2,160
Realized and Unrealized Gains (Losses)	(21)	(14)	(4)	47
Purchases	5	16	15	16
Sales	(12)	(72)	(46)	(84)
Issuances	0	0	0	0
Settlements	(205)	(1,234)	(205)	(1,234)
Net Transfers	(15)	(6)	(14)	(22)
Ending balance	581	883	581	883	835
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(21)	65	(26)	128
Trading Assets | Investments | Other Investments
Assets
Beginning balance	391	521	323	538	538
Realized and Unrealized Gains (Losses)	(4)	2	(16)	(10)
Purchases	0	2	2	13
Sales	0	(10)	(6)	(21)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(87)	(135)	(3)	(140)
Ending balance	300	380	300	380	323
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	9	(12)	$ (3)
Trading Liabilities | Equity Contracts
Liabilities
Liabilities derivative equity contract increased by					$ 785
Trading Liabilities | Other Sovereign Government Obligations
Liabilities
Beginning balance
Trading Liabilities | Corporate and Other Debt
Liabilities
Beginning balance	46	77	121	$ 72	$ 72
Realized and Unrealized Gains (Losses)	0	5	3	2
Purchases	(21)	(4)	(12)	(50)
Sales	25	19	20	48
Issuances	0	0	0	0
Settlements	(29)	(20)	(39)	3
Net Transfers	(2)	1	(68)	(3)
Ending balance	19	68	19	68	121
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	(3)	3	(8)
Trading Liabilities | Corporate and Other Debt | Corporate Bonds
Liabilities
Beginning balance	23	3	78	22	22
Realized and Unrealized Gains (Losses)	0	(1)	(2)	1
Purchases	(21)	(4)	(12)	(50)
Sales	15	13	14	47
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(2)	1	(67)	(4)
Ending balance	15	14	15	14	78
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	0	(2)	0
Trading Liabilities | Corporate and Other Debt | Unfunded Lending Commitments
Liabilities
Beginning balance		6	5	2	2
Realized and Unrealized Gains (Losses)		(5)	5	(9)
Purchases		0	0	0
Sales		1	0	1
Issuances		0	0	0
Settlements		0	0	0
Net Transfers		0	0	0
Ending balance		12		12	5
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding		(5)	5	(9)
Trading Liabilities | Corporate and Other Debt | Other Debt
Liabilities
Beginning balance	23	68	38	48	48
Realized and Unrealized Gains (Losses)	0	11	0	10
Purchases	0	0	0	0
Sales	10	5	6	0
Issuances	0	0	0	0
Settlements	(29)	(20)	(39)	3
Net Transfers	0	0	(1)	1
Ending balance	4	42	4	42	38
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	2	0	1
Trading Liabilities | Corporate Equities
Liabilities
Beginning balance	50	10	45	8	8
Realized and Unrealized Gains (Losses)	240	(1)	19	(1)
Purchases	(49)	(21)	(75)	(22)
Sales	2	17	25	15
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	349	(1)	136	4
Ending balance	112	6	112	6	$ 45
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	$ 240	$ 0	$ 20	$ (1)

Fair Value Disclosures (Quantit

Fair Value Disclosures (Quantitative Information about and Sensitivity of Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements) (Details) - Recurring - Level 3 $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)$ / MWh$ / PowerCapacityUnit	Dec. 31, 2014USD ($)$ / MWh$ / PowerCapacityUnit
Residential Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 378	$ 175
Residential Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)	0.00%	3.00%
Residential Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)	82.00%	90.00%
Residential Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	41.00%	15.00%
Commercial Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 84	$ 96
Commercial Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)	0.00%	0.00%
Commercial Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)	10.00%	7.00%
Commercial Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	1.00%	1.00%
Asset-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 76
Asset-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)		0.00%
Asset-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)		62.00%
Asset-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)		23.00%
Corporate Bonds
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 479	$ 386
Liabilities		$ 78
Corporate Bonds | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)	3.00%	1.00%
Corporate Bonds | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)	125.00%	160.00%
Corporate Bonds | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	61.00%	90.00%
Corporate Bonds | Option Model
Fair Value Inputs
At the Money Volatility		10.00%
Volatility Skew		(1.00%)
Corporate Bonds | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility		10.00%
Volatility Skew		(1.00%)
Collateralized Debt and Loan Obligations
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 660	$ 1,152
Collateralized Debt and Loan Obligations | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)	55.00%	20.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)	104.00%	100.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	82.00%	66.00%
Collateralized Debt and Loan Obligations | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	42.00%	47.00%
Collateralized Debt and Loan Obligations | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	61.00%	65.00%
Collateralized Debt and Loan Obligations | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	53.00%	56.00%
Loans and Lending Commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 5,512	$ 5,874
Loans and Lending Commitments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Loan Price	39.00%	15.00%
Loans and Lending Commitments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Loan Price	104.00%	105.00%
Loans and Lending Commitments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Loan Price	89.00%	89.00%
Loans and Lending Commitments | Corporate Loan Model | Minimum
Fair Value Inputs
Credit Spread	1.27%	0.36%
Loans and Lending Commitments | Corporate Loan Model | Maximum
Fair Value Inputs
Credit Spread	7.06%	7.53%
Loans and Lending Commitments | Corporate Loan Model | Weighted Average
Fair Value Inputs
Credit Spread	4.64%	3.73%
Loans and Lending Commitments | Margin Loan Model | Minimum
Fair Value Inputs
Discount Rate	2.00%	2.00%
Credit Spread	0.82%	1.50%
Volatility Skew	18.00%	3.00%
Loans and Lending Commitments | Margin Loan Model | Maximum
Fair Value Inputs
Discount Rate	3.00%	3.00%
Credit Spread	5.13%	4.51%
Volatility Skew	57.00%	37.00%
Loans and Lending Commitments | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount Rate	3.00%	3.00%
Credit Spread	1.57%	2.16%
Volatility Skew	25.00%	21.00%
Loans and Lending Commitments | Option Model
Fair Value Inputs
Volatility Skew	0.00%	(1.00%)
Loans and Lending Commitments | Option Model | Weighted Average
Fair Value Inputs
Volatility Skew	0.00%	(1.00%)
Other Debt
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 564	$ 285
Other Debt | Comparable Pricing
Fair Value Inputs
Comparable Bond Price - higher (lower)	11.00%	15.00%
Other Debt | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Loan Price	3.00%	0.00%
Other Debt | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Loan Price	81.00%	75.00%
Other Debt | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	11.00%	15.00%
Comparable Loan Price	64.00%	39.00%
Other Debt | Margin Loan Model | Minimum
Fair Value Inputs
Discount Rate	0.00%
Other Debt | Margin Loan Model | Maximum
Fair Value Inputs
Discount Rate	5.00%
Other Debt | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount Rate	2.00%
Other Debt | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	15.00%	15.00%
Other Debt | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	54.00%	54.00%
Other Debt | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	16.00%	15.00%
Corporate Equities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 486	$ 272
Corporate Equities | Comparable Pricing
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 112
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Comparable Equity Price (Liabilities)	55.00%
Corporate Equities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Price	7.00%	83.00%
Corporate Equities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Price	91.00%	96.00%
Corporate Equities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Comparable Equity Price (Liabilities)	55.00%
Comparable Price	79.00%	85.00%
Corporate Equities | Net Asset Value | Minimum
Fair Value Inputs
Discount to Net Asset Value	0.00%	0.00%
Corporate Equities | Net Asset Value | Maximum
Fair Value Inputs
Discount to Net Asset Value	71.00%	71.00%
Corporate Equities | Net Asset Value | Weighted Average
Fair Value Inputs
Discount to Net Asset Value	36.00%	36.00%
Corporate Equities | Market Approach
Fair Value Inputs
Price/Book ratio	0	0
Corporate Equities | Market Approach | Minimum
Fair Value Inputs
EBITDA Multiple	8	6
Corporate Equities | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	10	9
Corporate Equities | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	9	8
Price/Book ratio	0	0
Interest Rate Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (236)	$ (173)
Interest Rate Contracts | Option Model | Minimum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple	0	0
Interest Rate Volatility Skew	32.00%	38.00%
Interest Rate Quanto Correlation	(14.00%)	(9.00%)
Interest Rate - Foreign Exchange Correlation	28.00%	28.00%
Interest Rate - Inflation Correlation	(40.00%)	(44.00%)
Inflation Volatility	61.00%	69.00%
Interest Rate Curve Correlation	12.00%	44.00%
Interest Rate Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple	3	3
Interest Rate Volatility Skew	106.00%	104.00%
Interest Rate Quanto Correlation	35.00%	35.00%
Interest Rate - Foreign Exchange Correlation	62.00%	62.00%
Interest Rate - Inflation Correlation	(39.00%)	(40.00%)
Inflation Volatility	61.00%	71.00%
Interest Rate Curve Correlation	95.00%	87.00%
Interest Rate Contracts | Option Model | Weighted Average
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple	2	2
Interest Rate Contracts | Option Model | Simple Average
Fair Value Inputs
Interest Rate Volatility Skew	49.00%	86.00%
Interest Rate Quanto Correlation	2.00%	6.00%
Interest Rate - Foreign Exchange Correlation	44.00%	44.00%
Interest Rate - Inflation Correlation	(39.00%)	(42.00%)
Inflation Volatility	61.00%	70.00%
Interest Rate Curve Correlation	60.00%	73.00%
Interest Rate Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	52.00%	60.00%
Interest Rate Quanto Correlation	(8.00%)	(6.00%)
Interest Rate - Foreign Exchange Correlation	43.00%	42.00%
Interest Rate - Inflation Correlation	(39.00%)	(43.00%)
Inflation Volatility	61.00%	71.00%
Interest Rate Curve Correlation	73.00%	80.00%
Credit Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (989)	$ (743)
Credit Contracts | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)	0.00%	0.00%
Cash Synthetic Basis	5.00%	5.00%
Credit Contracts | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)	65.00%	55.00%
Cash Synthetic Basis	12.00%	13.00%
Credit Contracts | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	20.00%	18.00%
Cash Synthetic Basis	9.00%	9.00%
Credit Contracts | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	41.00%	42.00%
Credit Contracts | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	99.00%	95.00%
Credit Contracts | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	63.00%	63.00%
Foreign Exchange Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 446	$ 151
Foreign Exchange Contracts | Option Model | Minimum
Fair Value Inputs
Interest Rate Volatility Skew	32.00%
Interest rate curve	0.00%	0.00%
Interest Rate Quanto Correlation		(9.00%)
Interest Rate - Credit Spread Correlation		(54.00%)
Interest Rate - Foreign Exchange Correlation	28.00%	28.00%
Interest Rate Curve Correlation		44.00%
Foreign Exchange Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Skew	106.00%
Interest rate curve	1.00%	2.00%
Interest Rate Quanto Correlation		35.00%
Interest Rate - Credit Spread Correlation		(2.00%)
Interest Rate - Foreign Exchange Correlation	62.00%	62.00%
Interest Rate Curve Correlation		87.00%
Foreign Exchange Contracts | Option Model | Simple Average
Fair Value Inputs
Interest Rate Volatility Skew	49.00%
Interest rate curve	0.00%	1.00%
Interest Rate Quanto Correlation		6.00%
Interest Rate - Credit Spread Correlation		(17.00%)
Interest Rate - Foreign Exchange Correlation	44.00%	44.00%
Interest Rate Curve Correlation		73.00%
Foreign Exchange Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	52.00%
Interest rate curve	0.00%	1.00%
Interest Rate Quanto Correlation		(6.00%)
Interest Rate - Credit Spread Correlation		(11.00%)
Interest Rate - Foreign Exchange Correlation	43.00%	42.00%
Interest Rate Curve Correlation		80.00%
Equity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (2,102)	$ (2,165)
Liabilities derivative equity contract increased by		$ 785
Equity Contracts | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	6.00%	14.00%
Volatility Skew	(3.00%)	(2.00%)
Equity - Equity Correlation	40.00%	40.00%
Equity - Foreign Exchange Correlation	(50.00%)	(50.00%)
Equity - Interest Rate Correlation	(22.00%)	(18.00%)
Equity Contracts | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	54.00%	51.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	99.00%	99.00%
Equity - Foreign Exchange Correlation	10.00%	10.00%
Equity - Interest Rate Correlation	71.00%	81.00%
Equity Contracts | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	31.00%	29.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	69.00%	72.00%
Equity - Foreign Exchange Correlation	(24.00%)	(16.00%)
Equity Contracts | Option Model | Simple Average
Fair Value Inputs
Equity - Interest Rate Correlation	19.00%	26.00%
Equity Contracts | Option Model | Median
Fair Value Inputs
Equity - Interest Rate Correlation	4.00%	11.00%
Commodity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 1,205	$ 1,146
Commodity Contracts | Option Model | Minimum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	6	5
Commodity Volatility	10.00%	11.00%
Cross Commodity Correlation	33.00%	33.00%
Commodity Contracts | Option Model | Maximum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	101	106
Commodity Volatility	75.00%	90.00%
Cross Commodity Correlation	100.00%	100.00%
Commodity Contracts | Option Model | Weighted Average
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	35	38
Commodity Volatility	18.00%	19.00%
Cross Commodity Correlation	93.00%	93.00%
Principal Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 581	$ 835
Principal Investments | Comparable Pricing
Fair Value Inputs
Comparable Equity Price	100.00%
Principal Investments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Equity Price		64.00%
Principal Investments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Equity Price		100.00%
Principal Investments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	95.00%
Principal Investments | Discounted Cash Flow
Fair Value Inputs
Implied Weighted Average Cost of Capital	12.00%	11.00%
Exit Multiple	10	10
Equity Discount Rate		25.00%
Principal Investments | Discounted Cash Flow | Minimum
Fair Value Inputs
Capitalization Rate	5.00%
Equity Discount Rate	18.00%
Principal Investments | Discounted Cash Flow | Maximum
Fair Value Inputs
Capitalization Rate	10.00%
Equity Discount Rate	35.00%
Principal Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied Weighted Average Cost of Capital	12.00%	11.00%
Exit Multiple	10	10
Capitalization Rate	6.00%
Equity Discount Rate	21.00%	25.00%
Principal Investments | Market Approach
Fair Value Inputs
Price / Earnings ratio	30	23
Principal Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA Multiple	8	4
Forward capacity price | $ / PowerCapacityUnit	5	5
Principal Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	15	14
Forward capacity price | $ / PowerCapacityUnit	7	7
Principal Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	11	10
Price / Earnings ratio	30	23
Forward capacity price | $ / PowerCapacityUnit	7	7
Other Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 300	$ 323
Other Investments | Comparable Pricing
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Other Investments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Other Investments | Discounted Cash Flow
Fair Value Inputs
Implied Weighted Average Cost of Capital	10.00%
Exit Multiple	11
Other Investments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied Weighted Average Cost of Capital		10.00%
Exit Multiple		6
Other Investments | Discounted Cash Flow | Maximum
Fair Value Inputs
Implied Weighted Average Cost of Capital		13.00%
Exit Multiple		9
Other Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied Weighted Average Cost of Capital	10.00%	11.00%
Exit Multiple	11	9
Other Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA Multiple	8	9
Other Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	13	13
Other Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	10	10
Securities Sold under Agreements to Repurchase
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 154	$ 153
Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Minimum
Fair Value Inputs
Funding Spread	0.75%	0.75%
Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Maximum
Fair Value Inputs
Funding Spread	0.98%	0.91%
Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Funding Spread	0.89%	0.86%
Other Secured Financings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 168	$ 149
Other Secured Financings | Comparable Pricing
Fair Value Inputs
Comparable Bond Price - higher (lower)	100.00%
Other Secured Financings | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price - higher (lower)		99.00%
Comparable Bond Price - lower (higher)	0.00%
Other Secured Financings | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price - higher (lower)		101.00%
Comparable Bond Price - lower (higher)	15.00%
Other Secured Financings | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price - higher (lower)	100.00%	100.00%
Comparable Bond Price - lower (higher)	8.00%
Other Secured Financings | Discounted Cash Flow
Fair Value Inputs
Discount Rate	16.00%
Other Secured Financings | Discounted Cash Flow | Minimum
Fair Value Inputs
Funding Spread	0.88%	0.82%
Other Secured Financings | Discounted Cash Flow | Maximum
Fair Value Inputs
Funding Spread	1.09%	0.98%
Other Secured Financings | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount Rate	16.00%
Funding Spread	0.98%	0.95%
Long-term Borrowings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 2,221	$ 1,934
Long-term Borrowings | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	44.00%	48.00%
Long-term Borrowings | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	60.00%	65.00%
Long-term Borrowings | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	45.00%	51.00%
Long-term Borrowings | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	20.00%	18.00%
Equity Alpha	33.00%	0.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	40.00%	40.00%
Equity - Foreign Exchange Correlation	(70.00%)	(73.00%)
Long-term Borrowings | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	35.00%	32.00%
Equity Alpha	85.00%	94.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	90.00%	90.00%
Equity - Foreign Exchange Correlation	35.00%	30.00%
Long-term Borrowings | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	29.00%	27.00%
Equity Alpha	73.00%	67.00%
Volatility Skew	(1.00%)	0.00%
Equity - Equity Correlation	66.00%	68.00%
Equity - Foreign Exchange Correlation	(34.00%)	(32.00%)

Fair Value Disclosures (Fair Va

Fair Value Disclosures (Fair Value of Investments that Calculate Net Asset Value) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value of Investments that Calculate Net Asset Value
Investments	$ 5,912	$ 6,651
Fair Value	4,534	5,009
Unfunded Commitment	733	728
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	2,155	2,569
Unfunded Commitment	618	613
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,683	1,753
Unfunded Commitment	111	112
Long-short Equity Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	448	433
Unfunded Commitment	$ 0	$ 0
Percent of investments redeemable at least quarterly	30.00%	36.00%
Percent of investments redeemable every six months	48.00%	47.00%
Percent of investments redeemable greater than six months	22.00%	17.00%
Fixed Income/Credit-Related Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	$ 75	$ 76
Unfunded Commitment	0	0
Event Driven Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	39	39
Unfunded Commitment	0	0
Multi-strategy Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	134	139
Unfunded Commitment	$ 4	$ 3

Fair Value Disclosures (Fair 50

Fair Value Disclosures (Fair Value of Equity Fund and Hedge Fund) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 4,534	$ 5,009
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of investment to be liquidated (less than 5 years)	158
Fair value of investment to be liquidated (5-10 years)	1,200
Fair value of investment to be liquidated (Over 10 years)	797
Fair Value, Investments	2,155	2,569
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of investment to be liquidated (less than 5 years)	191
Fair value of investment to be liquidated (5-10 years)	901
Fair value of investment to be liquidated (Over 10 years)	591
Fair Value, Investments	1,683	1,753
Long-short Equity Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 448	433
Long-short Equity Hedge Funds | Initial Period Lock-up Restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	1.00%
Long-short Equity Hedge Funds | Gate restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	12.00%
Fixed Income Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 75	76
Fixed Income Funds | Initial Period Lock-up Restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	13.00%
Event Driven Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 39	39
Multi-strategy Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 134	$ 139
Multi-strategy Hedge Funds | Initial Period Lock-up Restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	35.00%
Multi-strategy Hedge Funds | Gate restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	25.00%

Fair Value Disclosures (Net Gai

Fair Value Disclosures (Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ 3	$ 1	$ 2	$ 2
Short-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)	(14)	(42)	(37)
Securities Sold under Agreements to Repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	4	(6)	1	(7)
Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	14	(852)	819	(1,294)
Trading
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value attributable to changes in the credit quality of the Company	182	87	307	213
Trading | Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)	(1)	(3)	(2)
Trading | Short-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)	(14)	(42)	(37)
Trading | Securities Sold under Agreements to Repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	6	(5)	4	(5)
Trading | Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	152	(678)	1,089	(948)
Interest Income (Expense) | Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	5	2	5	4
Interest Income (Expense) | Short-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	0	0	0	0
Interest Income (Expense) | Securities Sold under Agreements to Repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)	(1)	(3)	(2)
Interest Income (Expense) | Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ (138)	$ (174)	$ (270)	$ (346)

Fair Value Disclosures (Short-t

Fair Value Disclosures (Short-term and Long-term Borrowings) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Balance Sheet Captions
Short-term and long-term borrowing, fair value	$ 35,819	$ 33,539
Equity
Balance Sheet Captions
Short-term and long-term borrowing, fair value	18,684	17,253
Interest Rates
Balance Sheet Captions
Short-term and long-term borrowing, fair value	14,002	13,545
Credit and Foreign Exchange Contracts
Balance Sheet Captions
Short-term and long-term borrowing, fair value	2,547	2,105
Commodities
Balance Sheet Captions
Short-term and long-term borrowing, fair value	$ 586	$ 636

Fair Value Disclosures (Gains (

Fair Value Disclosures (Gains (Losses) Due to Changes in Instrument Specific Credit Risk) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Short-term and Long-term Borrowings
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ 182	$ 87	$ 307	$ 213
Loans and other debt
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	(6)	126	71	128
Unfunded Lending Commitments
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ (1)	$ 13	$ 8	$ 27

Fair Value Disclosures (Net Dif

Fair Value Disclosures (Net Difference between Contractual Principal Amount and Fair Value) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures
Short-term and long-term debt borrowings	$ (229)	$ (670)
Loans and other debt	14,597	14,990
Loans 90 or more days past due and/or on non-accrual status	12,559	12,916
Aggregate fair value of loans in non-accrual status including all loans 90 or more days past due	1,562	1,367
Amounts past due 90 days or greater (unpaid principal balance)	$ 836	$ 643

Fair Value Disclosures (Asset55

Fair Value Disclosures (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) - Fair Value, Disclosure Item Amounts [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Assets
Loans	$ 66,424		$ 66,424		$ 57,119
Other investments	4,172		4,172		4,355
Premises, equipment and software costs	6,182		6,182		6,108
Intangible assets	3,151		3,151		3,159
Goodwill	6,594		6,594		6,588
Other assets	10,005		10,005		10,742
Liabilities
Other liabilities and accrued expenses	(18,920)		(18,920)		(19,441)
Total liabilities	(749,688)		(749,688)		(729,406)
Fair Value
Loans	12,107		12,107		11,962
Other investments	66,106		66,106		69,316
Intangible assets	6		6		$ 6
Global Oil Merchanting Business
Additional Disclosures
Impairment charges recognized in Other revenues	59		59
Nonrecurring
Assets
Loans	3,244	$ 2,390	3,244	$ 2,390
Other investments	0	47	0	47
Premises, equipment and software costs	0	0	0	0
Intangible assets		0		0
Other assets		0		0
Total carrying value	3,244	2,437	3,244	2,437
Liabilities
Other liabilities and accrued expenses	(283)		(283)
Total liabilities	(283)		(283)
Nonrecurring | Other Assets
Fair Value
Gains (losses) in fair value adjustment - Assets		0		(9)
Nonrecurring | Loans
Fair Value
Gains (losses) in fair value adjustment - Assets	47	(21)	8	(7)
Nonrecurring | Other Investments
Fair Value
Gains (losses) in fair value adjustment - Assets	0	(3)	(2)	(25)
Nonrecurring | Premises, Equipment and Software Costs
Fair Value
Gains (losses) in fair value adjustment - Assets	(2)	(41)	(22)	(41)
Nonrecurring | Intangible Assets
Fair Value
Gains (losses) in fair value adjustment - Assets		0		(2)
Nonrecurring | Total assets
Fair Value
Gains (losses) in fair value adjustment - Assets	45	(65)	(16)	(84)
Nonrecurring | Other Liabilities and accrued expenses
Fair Value
Gains (losses) in fair value adjustment - Liabilities	(45)		(48)
Nonrecurring | Total liabilities
Fair Value
Gains (losses) in fair value adjustment - Liabilities	(45)		(48)
Nonrecurring | Level 1
Fair Value
Loans	0	0	0	0
Other investments	0	0	0	0
Premises, equipment and software costs	0	0	0	0
Intangible assets		0		0
Other assets		0		0
Total assets measured at fair value	0	0	0	0
Other liabilities and accrued expenses	0		0
Total Liabilities, Fair value	0		0
Nonrecurring | Level 2
Fair Value
Loans	2,458	1,999	2,458	1,999
Other investments	0	0	0	0
Premises, equipment and software costs	0	0	0	0
Intangible assets		0		0
Other assets		0		0
Total assets measured at fair value	2,458	1,999	2,458	1,999
Other liabilities and accrued expenses	(244)		(244)
Total Liabilities, Fair value	(244)		(244)
Nonrecurring | Level 3
Fair Value
Loans	786	391	786	391
Other investments	0	47	0	47
Premises, equipment and software costs	0	0	0	0
Intangible assets		0		0
Other assets		0		0
Total assets measured at fair value	786	$ 438	786	$ 438
Other liabilities and accrued expenses	(39)		(39)
Total Liabilities, Fair value	$ (39)		$ (39)

Fair Value Disclosures (Financi

Fair Value Disclosures (Financial Instruments Not Measured at FV) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Financial Assets:
Cash and due from banks	$ 19,145	$ 21,381	$ 18,863
Interest bearing deposits with banks	27,214	25,603	$ 22,022
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	33,652	40,607
Securities purchased under agreements to resell	106,760	83,288
Securities borrowed	143,969	136,708
Customer and other receivables	57,115	48,961
Loans	66,424	57,119
Financial Liabilities
Deposits	139,203	133,544
Short-term borrowings	3,122	2,261
Securities sold under agreement to repurchase	65,619	69,949
Securities loaned	23,151	25,219
Other secured financings	11,688	12,085
Customer and other payables	181,494	181,069
Long-term borrowings	158,089	152,772
Carrying Value
Financial Assets:
Cash and due from banks	19,145	21,381
Interest bearing deposits with banks	27,214	25,603
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	33,652	40,607
Investment securities - HTM securities	2,423	100
Securities purchased under agreements to resell	105,950	82,175
Securities borrowed	143,969	136,708
Customer and other receivables	52,940	45,116
Loans	75,893	66,577
Financial Liabilities
Deposits	139,203	133,544
Short-term borrowings	297	496
Securities sold under agreement to repurchase	65,025	69,337
Securities loaned	23,151	25,219
Other secured financings	7,614	7,581
Customer and other payables	178,125	178,373
Long-term borrowings	125,095	120,998
Additional Disclosures
Lending commitments if fully funded	94,100	86,800
Fair Value
Financial Assets:
Cash and due from banks	19,145	21,381
Interest bearing deposits with banks	27,214	25,603
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	33,652	40,607
Investment securities - HTM securities	2,397	100
Securities purchased under agreements to resell	105,937	82,165
Securities borrowed	143,960	136,708
Customer and other receivables	52,814	45,028
Loans	76,654	67,800
Financial Liabilities
Deposits	139,226	133,572
Short-term borrowings	297	496
Securities sold under agreement to repurchase	65,078	69,433
Securities loaned	23,182	25,244
Other secured financings	7,638	7,881
Customer and other payables	178,125	178,373
Long-term borrowings	128,385	124,961
Additional Disclosures
Unfunded lending commitments	1,245	1,178
Fair Value | Level 1
Financial Assets:
Cash and due from banks	19,145	21,381
Interest bearing deposits with banks	27,214	25,603
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	33,652	40,607
Investment securities - HTM securities	703	100
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Loans	0	0
Financial Liabilities
Deposits	0	0
Short-term borrowings	0	0
Securities sold under agreement to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Long-term borrowings	0	0
Fair Value | Level 2
Financial Assets:
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Investment securities - HTM securities	1,694	0
Securities purchased under agreements to resell	105,605	81,981
Securities borrowed	143,956	136,696
Customer and other receivables	48,068	39,945
Loans	19,628	18,212
Financial Liabilities
Deposits	139,226	133,572
Short-term borrowings	297	496
Securities sold under agreement to repurchase	62,974	63,921
Securities loaned	23,013	24,740
Other secured financings	5,833	5,465
Customer and other payables	178,125	178,373
Long-term borrowings	128,087	124,150
Additional Disclosures
Unfunded lending commitments	1,031	928
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Investment securities - HTM securities	0	0
Securities purchased under agreements to resell	332	184
Securities borrowed	4	12
Customer and other receivables	4,746	5,083
Loans	57,026	49,588
Financial Liabilities
Deposits	0	0
Short-term borrowings	0	0
Securities sold under agreement to repurchase	2,104	5,512
Securities loaned	169	504
Other secured financings	1,805	2,416
Customer and other payables	0	0
Long-term borrowings	298	811
Additional Disclosures
Unfunded lending commitments	$ 214	$ 250

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Investment Securities
Total Investment securities, Amortized cost	$ 66,297	$ 69,437
Total Investment securities, Gross unrealized gains	181	159
Total Investment securities, Gross unrealized losses	372	280
Total Investment Securities, Other-than-Temporary Impairment	0	0
Total Investment securities, Fair value	66,106	69,316
AFS securities
Total AFS securities, Fair value	$ 63,709	$ 69,216
FFELP Student Loan Asset-backed Securities
Investment Securities
Percent of principal balance and interest guaranteed by the U.S. Department of Education	95.00%	95.00%
AFS securities
AFS securities
Total AFS securities, Amortized cost	$ 63,874	$ 69,337
Total AFS securities, Gross unrealized gains	180	159
Total AFS securities, Gross unrealized loss	345	280
Total AFS securities, Other-than-Temporary impairment	0	0
Total AFS securities, Fair value	63,709	69,216
AFS Debt Securities
AFS securities
AFS debt securities, Amortized cost	63,859	69,322
AFS debt securities, Gross unrealized gains	180	159
AFS debt securities, Gross unrealized losses	341	276
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	63,698	69,205
AFS Debt Securities | U.S. Government and Agency Securities
AFS securities
AFS debt securities, Amortized cost	48,133	53,885
AFS debt securities, Gross unrealized gains	143	119
AFS debt securities, Gross unrealized losses	222	139
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	48,054	53,865
AFS Debt Securities | U.S. Treasury Securities
AFS securities
AFS debt securities, Amortized cost	26,093	35,855
AFS debt securities, Gross unrealized gains	71	42
AFS debt securities, Gross unrealized losses	62	67
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	26,102	35,830
AFS Debt Securities | U.S. Agency Securities
AFS securities
AFS debt securities, Amortized cost	22,040	18,030
AFS debt securities, Gross unrealized gains	72	77
AFS debt securities, Gross unrealized losses	160	72
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	21,952	18,035
AFS Debt Securities | Corporate and Other Debt
AFS securities
AFS debt securities, Amortized cost	15,726	15,437
AFS debt securities, Gross unrealized gains	37	40
AFS debt securities, Gross unrealized losses	119	137
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	15,644	15,340
AFS Debt Securities | Agency
AFS securities
AFS debt securities, Amortized cost	2,102	2,288
AFS debt securities, Gross unrealized gains	2	1
AFS debt securities, Gross unrealized losses	61	76
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	2,043	2,213
AFS Debt Securities | Non-Agency
AFS securities
AFS debt securities, Amortized cost	2,163	1,820
AFS debt securities, Gross unrealized gains	12	11
AFS debt securities, Gross unrealized losses	10	6
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	2,165	1,825
AFS Debt Securities | Auto Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized cost	2,707	2,433
AFS debt securities, Gross unrealized gains	1	0
AFS debt securities, Gross unrealized losses	2	5
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	2,706	2,428
AFS Debt Securities | Corporate Bonds
AFS securities
AFS debt securities, Amortized cost	3,798	3,640
AFS debt securities, Gross unrealized gains	9	10
AFS debt securities, Gross unrealized losses	18	22
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	3,789	3,628
AFS Debt Securities | Collateralized Loan Obligations
AFS securities
AFS debt securities, Amortized cost	962	1,087
AFS debt securities, Gross unrealized gains	0	0
AFS debt securities, Gross unrealized losses	12	20
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	950	1,067
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized cost	3,994	4,169
AFS debt securities, Gross unrealized gains	13	18
AFS debt securities, Gross unrealized losses	16	8
AFS debt securities, Other-than-Temporary Impairment	0	0
AFS debt securities, Fair value	3,991	4,179
AFS Equity Securities
AFS securities
AFS equity securities, Amortized cost	15	15
AFS equity securities, Gross unrealized gains	0	0
AFS equity securities, Gross unrealized losses	4	4
AFS equity securities, Other-than-Temporary Impairment	0	0
AFS equity securities, Fair value	11	11
HTM securities
HTM securities:
HTM - Amortized Cost	2,423	100
HTM - Gross Unrealized Gains	1	0
HTM - Gross Unrealized Losses	27	0
HTM - Other-than-Temporary Impairment	0	0
HTM - Fair Value	2,397	100
HTM securities | U.S. Treasury Securities
HTM securities:
HTM - Amortized Cost	702	100
HTM - Gross Unrealized Gains	1	0
HTM - Gross Unrealized Losses	0	0
HTM - Other-than-Temporary Impairment	0	0
HTM - Fair Value	703	$ 100
HTM securities | U.S. Agency Securities
HTM securities:
HTM - Amortized Cost	1,721
HTM - Gross Unrealized Gains	0
HTM - Gross Unrealized Losses	27
HTM - Other-than-Temporary Impairment	0
HTM - Fair Value	$ 1,694

Investment Securities (Schedu58

Investment Securities (Schedule of Investment Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
HTM securities:
HTM - Fair Value, Less than 12 Months	$ 1,694
HTM - Fair Value, 12 Months or Longer	0
HTM - Fair Value, Total	1,694
HTM - Gross Unrealized Losses, Less than 12 Months	27
HTM - Gross Unrealized Losses, 12 Months or Longer	0
HTM - Gross Unrealized Losses, Total	27
Investment securities - Fair Value, Less than 12 Months	27,950	$ 19,370
Investment securities - Fair Value, 12 Months or Longer	5,741	14,984
Investment securities - Fair Value	33,691	34,354
Investment securities - Gross Unrealized Loss, Less than 12 Months	238	44
Investment securities - Gross Unrealized Loss, 12 Months or Longer	134	236
Investment securities - Gross Unrealized Loss	372	280
U.S. Agency Securities
HTM securities:
HTM - Fair Value, Less than 12 Months	1,694
HTM - Fair Value, 12 Months or Longer	0
HTM - Fair Value, Total	1,694
HTM - Gross Unrealized Losses, Less than 12 Months	27
HTM - Gross Unrealized Losses, 12 Months or Longer	0
HTM - Gross Unrealized Losses, Total	27
AFS securities
Investment Securities
AFS - Fair Value, Less than 12 Months	26,256
AFS - Fair Value, 12 Months or Longer	5,741
AFS - Fair Value, Total	31,997
AFS - Gross Unrealized Losses, Less than 12 Months	211
AFS - Gross Unrealized Losses, 12 Months or Longer	134
AFS - Gross Unrealized Losses, Total	345
AFS Debt Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	26,245	19,359
AFS - Fair Value, 12 Months or Longer	5,741	14,984
AFS - Fair Value, Total	31,986	34,343
AFS - Gross Unrealized Losses, Less than 12 Months	207	40
AFS - Gross Unrealized Losses, 12 Months or Longer	134	236
AFS - Gross Unrealized Losses, Total	341	276
AFS Debt Securities | U.S. Government and Agency Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	20,185	14,149
AFS - Fair Value, 12 Months or Longer	1,989	10,057
AFS - Fair Value, Total	22,174	24,206
AFS - Gross Unrealized Losses, Less than 12 Months	172	20
AFS - Gross Unrealized Losses, 12 Months or Longer	50	119
AFS - Gross Unrealized Losses, Total	222	139
AFS Debt Securities | U.S. Treasury Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	10,668	11,410
AFS - Fair Value, 12 Months or Longer	0	5,924
AFS - Fair Value, Total	10,668	17,334
AFS - Gross Unrealized Losses, Less than 12 Months	62	14
AFS - Gross Unrealized Losses, 12 Months or Longer	0	53
AFS - Gross Unrealized Losses, Total	62	67
AFS Debt Securities | U.S. Agency Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	9,517	2,739
AFS - Fair Value, 12 Months or Longer	1,989	4,133
AFS - Fair Value, Total	11,506	6,872
AFS - Gross Unrealized Losses, Less than 12 Months	110	6
AFS - Gross Unrealized Losses, 12 Months or Longer	50	66
AFS - Gross Unrealized Losses, Total	160	72
AFS Debt Securities | Corporate and Other Debt
Investment Securities
AFS - Fair Value, Less than 12 Months	6,060	5,210
AFS - Fair Value, 12 Months or Longer	3,752	4,927
AFS - Fair Value, Total	9,812	10,137
AFS - Gross Unrealized Losses, Less than 12 Months	35	20
AFS - Gross Unrealized Losses, 12 Months or Longer	84	117
AFS - Gross Unrealized Losses, Total	119	137
AFS Debt Securities | Agency
Investment Securities
AFS - Fair Value, Less than 12 Months	42	42
AFS - Fair Value, 12 Months or Longer	1,437	1,822
AFS - Fair Value, Total	1,479	1,864
AFS - Gross Unrealized Losses, Less than 12 Months	0	0
AFS - Gross Unrealized Losses, 12 Months or Longer	61	76
AFS - Gross Unrealized Losses, Total	61	76
AFS Debt Securities | Non-Agency
Investment Securities
AFS - Fair Value, Less than 12 Months	867	706
AFS - Fair Value, 12 Months or Longer	253	346
AFS - Fair Value, Total	1,120	1,052
AFS - Gross Unrealized Losses, Less than 12 Months	9	3
AFS - Gross Unrealized Losses, 12 Months or Longer	1	3
AFS - Gross Unrealized Losses, Total	10	6
AFS Debt Securities | Auto Loan Asset-backed Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	1,237	2,034
AFS - Fair Value, 12 Months or Longer	162	0
AFS - Fair Value, Total	1,399	2,034
AFS - Gross Unrealized Losses, Less than 12 Months	2	5
AFS - Gross Unrealized Losses, 12 Months or Longer	0	0
AFS - Gross Unrealized Losses, Total	2	5
AFS Debt Securities | Corporate Bonds
Investment Securities
AFS - Fair Value, Less than 12 Months	1,624	905
AFS - Fair Value, 12 Months or Longer	481	1,299
AFS - Fair Value, Total	2,105	2,204
AFS - Gross Unrealized Losses, Less than 12 Months	12	6
AFS - Gross Unrealized Losses, 12 Months or Longer	6	16
AFS - Gross Unrealized Losses, Total	18	22
AFS Debt Securities | Collateralized Loan Obligations
Investment Securities
AFS - Fair Value, Less than 12 Months	0	0
AFS - Fair Value, 12 Months or Longer	951	1,067
AFS - Fair Value, Total	951	1,067
AFS - Gross Unrealized Losses, Less than 12 Months	0	0
AFS - Gross Unrealized Losses, 12 Months or Longer	12	20
AFS - Gross Unrealized Losses, Total	12	20
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	2,290	1,523
AFS - Fair Value, 12 Months or Longer	468	393
AFS - Fair Value, Total	2,758	1,916
AFS - Gross Unrealized Losses, Less than 12 Months	12	6
AFS - Gross Unrealized Losses, 12 Months or Longer	4	2
AFS - Gross Unrealized Losses, Total	16	8
AFS Equity Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	11	11
AFS - Fair Value, 12 Months or Longer	0	0
AFS - Fair Value, Total	11	11
AFS - Gross Unrealized Losses, Less than 12 Months	4	4
AFS - Gross Unrealized Losses, 12 Months or Longer	0	0
AFS - Gross Unrealized Losses, Total	$ 4	$ 4

Investment Securities (Schedu59

Investment Securities (Schedule of Amortized Cost and Fair Value of Investment Securities by Contractual Date) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Amortized Cost
Total Investment securities - Amortized Cost	$ 66,297	$ 69,437
Fair Value
Available-for-sale Securities, Fair value, total	63,709	69,216
Investment securities, fair value	$ 66,106	69,316
Annualized Average Yield
Total Investment securities, Annualized average yield	1.40%
AFS securities
Amortized Cost
Available-for-sale Securities, amortized Cost, Total	$ 63,874	69,337
Fair Value
Available-for-sale Securities, Fair value, total	$ 63,709	69,216
Annualized Average Yield
Annualized average yield, total	1.40%
AFS Debt Securities
Amortized Cost
AFS debt securities, amortized cost, total	$ 63,859	69,322
Fair Value
AFS debt securities, Fair value, total	$ 63,698	69,205
Annualized Average Yield
Annualized average yield, total	1.40%
AFS Debt Securities | U.S. Government and Agency Securities
Amortized Cost
AFS debt securities, amortized cost, total	$ 48,133	53,885
Fair Value
AFS debt securities, Fair value, total	$ 48,054	53,865
Annualized Average Yield
Annualized average yield, total	1.40%
AFS Debt Securities | U.S. Treasury Securities
Amortized Cost
AFS debt securities, amortized cost, after 1 year through 5 years	$ 24,714
AFS debt securities, amortized cost, after 5 years through 10 years	1,379
AFS debt securities, amortized cost, total	26,093	35,855
Fair Value
AFS debt securities, after 1 year through 5 years	24,736
AFS debt securities, after 5 years through 10 years	1,366
AFS debt securities, Fair value, total	$ 26,102	35,830
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	1.10%
Annualized average yield, after 5 years through 10 years	1.60%
AFS Debt Securities | U.S. Agency Securities
Amortized Cost
AFS debt securities, amortized cost, after 1 year through 5 years	$ 2,108
AFS debt securities, amortized cost, after 5 years through 10 years	1,967
AFS debt securities, amortized cost, after 10 years	17,965
AFS debt securities, amortized cost, total	22,040	18,030
Fair Value
AFS debt securities, after 1 year through 5 years	2,113
AFS debt securities, after 5 years through 10 years	1,968
AFS debt securities, after 10 years	17,871
AFS debt securities, Fair value, total	$ 21,952	18,035
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.70%
Annualized average yield, after 5 years through 10 years	1.50%
Annualized average yield, after 10 years	1.80%
AFS Debt Securities | Corporate and Other Debt
Amortized Cost
AFS debt securities, amortized cost, total	$ 15,726	15,437
Fair Value
AFS debt securities, Fair value, total	$ 15,644	15,340
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities | Agency
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 19
AFS debt securities, amortized cost, after 1 year through 5 years	720
AFS debt securities, amortized cost, after 5 years through 10 years	222
AFS debt securities, amortized cost, after 10 years	1,141
AFS debt securities, amortized cost, total	2,102	2,288
Fair Value
AFS debt securities, due within 1 year	20
AFS debt securities, after 1 year through 5 years	721
AFS debt securities, after 5 years through 10 years	220
AFS debt securities, after 10 years	1,082
AFS debt securities, Fair value, total	$ 2,043	2,213
Annualized Average Yield
Annualized average yield, due within 1 year	0.50%
Annualized average yield, after 1 year through 5 years	0.90%
Annualized average yield, after 5 years through 10 years	1.50%
Annualized average yield, after 10 years	1.50%
AFS Debt Securities | Non-Agency
Amortized Cost
AFS debt securities, amortized cost, after 10 years	$ 2,163
AFS debt securities, amortized cost, total	2,163	1,820
Fair Value
AFS debt securities, after 10 years	2,165
AFS debt securities, Fair value, total	$ 2,165	1,825
Annualized Average Yield
Annualized average yield, after 10 years	1.80%
AFS Debt Securities | Auto Loan Asset-backed Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 21
AFS debt securities, amortized cost, after 1 year through 5 years	2,381
AFS debt securities, amortized cost, after 5 years through 10 years	305
AFS debt securities, amortized cost, total	2,707	2,433
Fair Value
AFS debt securities, due within 1 year	21
AFS debt securities, after 1 year through 5 years	2,381
AFS debt securities, after 5 years through 10 years	304
AFS debt securities, Fair value, total	$ 2,706	2,428
Annualized Average Yield
Annualized average yield, due within 1 year	0.80%
Annualized average yield, after 1 year through 5 years	1.00%
Annualized average yield, after 5 years through 10 years	1.40%
AFS Debt Securities | Corporate Bonds
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 301
AFS debt securities, amortized cost, after 1 year through 5 years	2,777
AFS debt securities, amortized cost, after 5 years through 10 years	720
AFS debt securities, amortized cost, total	3,798	3,640
Fair Value
AFS debt securities, due within 1 year	302
AFS debt securities, after 1 year through 5 years	2,772
AFS debt securities, after 5 years through 10 years	715
AFS debt securities, Fair value, total	$ 3,789	3,628
Annualized Average Yield
Annualized average yield, due within 1 year	0.90%
Annualized average yield, after 1 year through 5 years	1.50%
Annualized average yield, after 5 years through 10 years	2.60%
AFS Debt Securities | Collateralized Loan Obligations
Amortized Cost
AFS debt securities, amortized cost, after 5 years through 10 years	$ 962
AFS debt securities, amortized cost, total	962	1,087
Fair Value
AFS debt securities, after 5 years through 10 years	950
AFS debt securities, Fair value, total	$ 950	1,067
Annualized Average Yield
Annualized average yield, after 5 years through 10 years	1.40%
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Amortized Cost
AFS debt securities, amortized cost, after 1 year through 5 years	$ 109
AFS debt securities, amortized cost, after 5 years through 10 years	779
AFS debt securities, amortized cost, after 10 years	3,106
AFS debt securities, amortized cost, total	3,994	4,169
Fair Value
AFS debt securities, after 1 year through 5 years	109
AFS debt securities, after 5 years through 10 years	779
AFS debt securities, after 10 years	3,103
AFS debt securities, Fair value, total	$ 3,991	4,179
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.70%
Annualized average yield, after 5 years through 10 years	0.90%
Annualized average yield, after 10 years	0.90%
AFS Equity Securities
Amortized Cost
AFS equity securities, Amortized cost	$ 15	15
Fair Value
AFS equity securities, Fair value	$ 11	$ 11
Annualized Average Yield
Annualized average yield, total	0.00%
HTM securities
Amortized Cost
HTM securities: amortized cost, total	$ 2,423
Fair Value
HTM securities, Fair value, total	$ 2,397
Annualized Average Yield
HTM securities: Annualized average yield, total	2.10%
HTM securities | U.S. Treasury Securities
Amortized Cost
HTM securities: amortized cost, after 1 year through 5 years	$ 702
HTM securities: amortized cost, total	702
Fair Value
HTM securities: after 1 year through 5 years	703
HTM securities, Fair value, total	$ 703
Annualized Average Yield
HTM securities: Annualized average yield, after 1 years through 5 years	1.10%
HTM securities | U.S. Agency Securities
Amortized Cost
HTM securities: amortized cost, after 10 years	$ 1,721
HTM securities: amortized cost, total	1,721
Fair Value
HTM securities: after 10 years	1,694
HTM securities, Fair value, total	$ 1,694
Annualized Average Yield
HTM securities: Annualized average yield, after 10 year	2.50%

Investment Securities (Schedu60

Investment Securities (Schedule of Proceeds of Sale of Securities Available for Sale) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Investment securities:
Gross realized gains	$ 40	$ 10	$ 69	$ 17
Gross realized losses	$ 10	$ 0	$ 14	$ 1

Collateralized Transactions (Na

Collateralized Transactions (Narrative) (Details) - USD ($) $ in Billions	Jun. 30, 2015	Dec. 31, 2014
Collateralized Agreements
Customer margin loans outstanding	$ 30.8	$ 29
Fair value of financial instruments received as collateral where the Company is permitted to sell or repledge the securities	605	546
Fair value of financial instruments received as collateral where the Company has sold or repledged	461	403
Trading assets	$ 45.5	$ 31.3

Collateralized Transactions (Ba

Collateralized Transactions (Balance Sheet Offsetting) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Securities Purchased under Agreements to Resell
Gross amount	$ 169,644	$ 148,234
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(62,884)	(64,946)
Net amount presented in the Condensed Consolidated Statements of Financial Condition	106,760	83,288
Financial instruments not offset in the Condensed Consolidated Statements of Financial Condition	(100,650)	(79,343)
Net exposure	6,110	3,945
Securities Borrowed
Gross amount	152,717	145,556
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(8,748)	(8,848)
Net amount presented in the Condensed Consolidated Statements of Financial Condition	143,969	136,708
Financial instruments not offset in the Condensed Consolidated Statements of Financial Condition	(135,853)	(128,282)
Net exposure	8,116	8,426
Securities Sold under Agreements to Repurchase
Gross amount	128,503	134,895
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(62,884)	(64,946)
Net amount presented in the Condensed Consolidated Statements of Financial Condition	65,619	69,949
Financial instruments not offset in the Condensed Consolidated Statements of Financial Condition	(14,200)	(15,600)
Net exposure	13,236	13,495
Securities Loaned
Gross amount	31,899	34,067
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(8,748)	(8,848)
Net amount presented in the Condensed Consolidated Statements of Financial Condition	23,151	25,219
Financial instruments not offset in the Condensed Consolidated Statements of Financial Condition	(22,438)	(24,252)
Net exposure	713	967
Securities purchased under agreements to resell, which are either not subject to master netting agreements or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	4,700	3,900
Securities borrowed, which are either not subject to master netting agreements or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	4,200	4,200
Securities sold under agreements to repurchase, which are either not subject to master netting agreements or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	14,200	15,600
Securities loaned, which are either not subject to master netting agreements or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	$ 500	$ 700

Collateralized Transactions (Se

Collateralized Transactions (Secured Financing Transactions) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Securities Financing Transaction
Securities sold under agreements to repurchase	$ 128,503	$ 134,895
Securities loaned	31,899	34,067
Gross amount of secured financing included in the above offseting disclosure	160,402
Obligation to return securities received as collateral	23,250	$ 25,685
Total	183,652
U.S. Government and Agency Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	62,574
State And Municipal Securities [Member]
Securities Financing Transaction
Securities sold under agreements to repurchase	2,245
Other Sovereign Government Obligations
Securities Financing Transaction
Securities sold under agreements to repurchase	34,051
Securities loaned	8,798
Obligation to return securities received as collateral	10
Asset-backed Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	593
Corporate and Other Debt
Securities Financing Transaction
Securities sold under agreements to repurchase	6,940
Securities loaned	188
Corporate Equities
Securities Financing Transaction
Securities sold under agreements to repurchase	21,379
Securities loaned	22,853
Obligation to return securities received as collateral	22,944
Other
Securities Financing Transaction
Securities sold under agreements to repurchase	721
Securities loaned	60
Obligation to return securities received as collateral	296
Overnight and Open
Securities Financing Transaction
Securities sold under agreements to repurchase	44,067
Securities loaned	16,061
Gross amount of secured financing included in the above offseting disclosure	60,128
Obligation to return securities received as collateral	23,250
Total	83,378
Less than 30 days
Securities Financing Transaction
Securities sold under agreements to repurchase	26,060
Securities loaned	2,021
Gross amount of secured financing included in the above offseting disclosure	28,081
Obligation to return securities received as collateral	0
Total	28,081
30-90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	13,693
Securities loaned	1,989
Gross amount of secured financing included in the above offseting disclosure	15,682
Obligation to return securities received as collateral	0
Total	15,682
Over 90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	44,683
Securities loaned	11,828
Gross amount of secured financing included in the above offseting disclosure	56,511
Obligation to return securities received as collateral	0
Total	$ 56,511

Collateralized Transactions (Ca

Collateralized Transactions (Cash And Securities Deposited With Clearing Organizations Or Segregated Under Federal And Other Regulations Or Requirements) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Collateralized Transactions
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	$ 33,652	$ 40,607
Securities	16,646	14,630
Total	50,298	$ 55,237
Cash Initial Margin Received from Customers and remitted to clearing organizations	$ 3,800

Variable Interest Entities an65

Variable Interest Entities and Securitization Activities (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity
Nonredeemable noncontrolling interests	$ 1,029	$ 1,204
Additional maximum exposure to losses	68	105
Securities issued by SPEs	13,400	14,000
Managed Real Estate Partnerships
Variable Interest Entity
Nonredeemable noncontrolling interests	$ 57	$ 240

Variable Interest Entities an66

Variable Interest Entities and Securitization Activities (Consolidated VIEs) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Mortgage and Asset-Backed Securitizations
Variable Interest Entity
VIE assets	$ 478	$ 563
VIE liabilities	290	337
Managed Real Estate Partnerships
Variable Interest Entity
VIE assets	57	288
VIE liabilities	0	4
Other Structured Financings
Variable Interest Entity
VIE assets	846	928
VIE liabilities	12	80
Other
Variable Interest Entity
VIE assets	1,417	1,199
VIE liabilities	$ 0	$ 0

Variable Interest Entities an67

Variable Interest Entities and Securitization Activities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Mortgage and Asset-Backed Securities
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	$ 164,184	$ 174,548
Maximum exposure to loss	16,900	16,097
Mortgage and Asset-Backed Securities | Assets
Variable Interest Entity
Carrying value of exposure to loss	16,132	15,043
Mortgage and Asset-Backed Securities | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	16,122	15,028
Carrying value of exposure to loss	16,122	15,028
Mortgage and Asset-Backed Securities | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	10	15
Carrying value of exposure to loss	10	15
Mortgage and Asset-Backed Securities | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Mortgage and Asset-Backed Securities | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	768	1,054
Carrying value of exposure to loss	0	0
Mortgage and Asset-Backed Securities | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Residential Mortgage
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	28,400	30,800
Residential Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	2,000	1,900
Commercial Mortgage
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	64,300	71,900
Commercial Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	3,000	2,400
U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	14,300	20,600
U.S. Agency Collateralized Mortgage Obligations | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	3,600	4,000
Other Consumer or Commercial Loans
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	57,200	51,200
Other Consumer or Commercial Loans | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	7,500	6,800
Collateralized Debt Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	19,654	26,567
Maximum exposure to loss	3,784	3,496
Collateralized Debt Obligations | Assets
Variable Interest Entity
Carrying value of exposure to loss	1,976	3,064
Collateralized Debt Obligations | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	1,974	3,062
Carrying value of exposure to loss	1,974	3,062
Collateralized Debt Obligations | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	2	2
Carrying value of exposure to loss	2	2
Collateralized Debt Obligations | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Collateralized Debt Obligations | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	1,808	432
Carrying value of exposure to loss	0	0
Collateralized Debt Obligations | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Municipal Tender Option Bonds
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	4,374	3,449
Maximum exposure to loss	2,650	2,225
Municipal Tender Option Bonds | Assets
Variable Interest Entity
Carrying value of exposure to loss	17	17
Municipal Tender Option Bonds | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	12	13
Carrying value of exposure to loss	12	13
Municipal Tender Option Bonds | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	2,638	2,212
Carrying value of exposure to loss	5	4
Municipal Tender Option Bonds | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Municipal Tender Option Bonds | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss	0	0
Municipal Tender Option Bonds | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Other Structured Financings
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	1,866	2,040
Maximum exposure to loss	1,693	1,775
Other Structured Financings | Assets
Variable Interest Entity
Carrying value of exposure to loss	657	741
Other Structured Financings | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	1,084	1,158
Carrying value of exposure to loss	657	741
Other Structured Financings | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss	0	0
Other Structured Financings | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	5	5
Other Structured Financings | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	609	617
Carrying value of exposure to loss	5	5
Other Structured Financings | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	0	0
Other
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	19,654	19,237
Maximum exposure to loss	4,206	4,477
Other | Assets
Variable Interest Entity
Carrying value of exposure to loss	3,684	3,958
Other | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	3,671	3,884
Carrying value of exposure to loss	3,671	3,884
Other | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	68	164
Carrying value of exposure to loss	13	74
Other | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	5	57
Other | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	467	429
Carrying value of exposure to loss	0	0
Other | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	$ 5	$ 57

Variable Interest Entities an68

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 1) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity
Derivative assets (fair value)	$ 32,539	$ 36,394
Derivative liabilities (fair value)	37,972	40,212
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	2,552	2,685
Interests purchased in the secondary market (fair value)	444	808
Derivative assets (fair value)	532	633
Derivative liabilities (fair value)	531	86
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	1,109	1,203
Interests purchased in the secondary market (fair value)	256	645
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,443	1,482
Interests purchased in the secondary market (fair value)	188	163
Special Purpose Entities | Residential Mortgage
Variable Interest Entity
SPE assets (unpaid principal balance)	25,110	26,549
Retained interests (fair value)	171	108
Interests purchased in the secondary market (fair value)	82	64
Derivative assets (fair value)	0	0
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Residential Mortgage | Investment Grade
Variable Interest Entity
Retained interests (fair value)	1	10
Interests purchased in the secondary market (fair value)	1	32
Special Purpose Entities | Residential Mortgage | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	170	98
Interests purchased in the secondary market (fair value)	81	32
Special Purpose Entities | Commercial Mortgage Loans
Variable Interest Entity
SPE assets (unpaid principal balance)	59,078	58,660
Retained interests (fair value)	240	237
Interests purchased in the secondary market (fair value)	239	201
Derivative assets (fair value)	430	495
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Commercial Mortgage Loans | Investment Grade
Variable Interest Entity
Retained interests (fair value)	160	117
Interests purchased in the secondary market (fair value)	174	129
Special Purpose Entities | Commercial Mortgage Loans | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	80	120
Interests purchased in the secondary market (fair value)	65	72
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
SPE assets (unpaid principal balance)	16,756	20,826
Retained interests (fair value)	948	1,019
Interests purchased in the secondary market (fair value)	41	61
Derivative assets (fair value)	0	0
Derivative liabilities (fair value)	0	0
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations | Investment Grade
Variable Interest Entity
Retained interests (fair value)	948	1,019
Interests purchased in the secondary market (fair value)	41	61
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	0	0
Interests purchased in the secondary market (fair value)	0	0
Special Purpose Entities | Credit-Linked Notes and Other
Variable Interest Entity
SPE assets (unpaid principal balance)	18,874	24,011
Retained interests (fair value)	1,193	1,321
Interests purchased in the secondary market (fair value)	82	482
Derivative assets (fair value)	102	138
Derivative liabilities (fair value)	531	86
Special Purpose Entities | Credit-Linked Notes and Other | Investment Grade
Variable Interest Entity
Retained interests (fair value)	0	57
Interests purchased in the secondary market (fair value)	40	423
Special Purpose Entities | Credit-Linked Notes and Other | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,193	1,264
Interests purchased in the secondary market (fair value)	$ 42	$ 59

Variable Interest Entities an69

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 2) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity
Derivative assets (fair value)	$ 32,539	$ 36,394
Derivative liabilities (fair value)	37,972	40,212
Equity Securites Transaction with bilateral OTC equity contracts
Variable Interest Entity
Proceeds from sale of equity	12,800
Fair value of assets sold	12,500
Derivative assets (fair value)	5.2
Derivative liabilities (fair value)	325
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	2,552	2,685
Interests purchased in the secondary market (fair value)	444	808
Derivative assets (fair value)	532	633
Derivative liabilities (fair value)	531	86
Special Purpose Entities | Level 1
Variable Interest Entity
Retained interests (fair value)	0	0
Interests purchased in the secondary market (fair value)	0	0
Derivative assets (fair value)	0	0
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Level 2
Variable Interest Entity
Retained interests (fair value)	1,128	1,289
Interests purchased in the secondary market (fair value)	401	773
Derivative assets (fair value)	483	559
Derivative liabilities (fair value)	211	82
Special Purpose Entities | Level 3
Variable Interest Entity
Retained interests (fair value)	1,424	1,396
Interests purchased in the secondary market (fair value)	43	35
Derivative assets (fair value)	49	74
Derivative liabilities (fair value)	320	4
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	1,109	1,203
Interests purchased in the secondary market (fair value)	256	645
Special Purpose Entities | Investment Grade | Level 1
Variable Interest Entity
Retained interests (fair value)	0	0
Interests purchased in the secondary market (fair value)	0	0
Special Purpose Entities | Investment Grade | Level 2
Variable Interest Entity
Retained interests (fair value)	1,104	1,166
Interests purchased in the secondary market (fair value)	254	644
Special Purpose Entities | Investment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	5	37
Interests purchased in the secondary market (fair value)	2	1
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,443	1,482
Interests purchased in the secondary market (fair value)	188	163
Special Purpose Entities | Noninvestment Grade | Level 1
Variable Interest Entity
Retained interests (fair value)	0	0
Interests purchased in the secondary market (fair value)	0	0
Special Purpose Entities | Noninvestment Grade | Level 2
Variable Interest Entity
Retained interests (fair value)	24	123
Interests purchased in the secondary market (fair value)	147	129
Special Purpose Entities | Noninvestment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	1,419	1,359
Interests purchased in the secondary market (fair value)	$ 41	$ 34

Variable Interest Entities an70

Variable Interest Entities and Securitization Activities (Proceeds from securitization transactions) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Securitization Activities and Variable Interest Entities [Abstract]
Proceeds from new securitization transactions	$ 6,273	$ 3,634	$ 11,164	$ 9,647
Proceeds from cash flows from retained interests in securitization transactions	658	870	1,606	1,472
CLOs | Special Purpose Entities
Variable Interest Entity [Line Items]
Proceeds from Sale of Loans Receivable	$ 621	$ 697	$ 966	$ 1,125

Variable Interest Entities an71

Variable Interest Entities and Securitization Activities (Failed Sales) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity
Assets, carrying value	$ 351	$ 352
Liabilities, carrying value	$ 351	$ 344

Loans and Allowance for Loan 72

Loans and Allowance for Loan Losses (Outstanding Loans and Credit Quality) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Loans Held for Investments
Loans held for investments, gross	$ 66,593	$ 57,268	$ 48,768
Allowance for loan losses	(169)	(149)	(138)	$ (156)
Loans held for investment, net	66,424	57,119
Loans Held for Sale
Loans held for sale, gross	9,469	9,458
Loans held for sale, net	9,469	9,458
Total Loans
Total loans, gross	76,062	66,726
Allowance for loan losses	(169)	(149)
Total loans, net	75,893	66,577
Total loans, net of allowance, made to foreign borrowers	7,773	7,017
Loans held at fair value	12,107	11,962
Loans at fixed interest rate	7,314	6,663
Loans at floating or adjustable interest rate	68,579	59,914
Pass
Loans Held for Investments
Loans held for investments, gross	65,078	55,409
Special Mention
Loans Held for Investments
Loans held for investments, gross	763	1,683
Substandard
Loans Held for Investments
Loans held for investments, gross	731	174
Doubtful
Loans Held for Investments
Loans held for investments, gross	21	2
Corporate
Loans Held for Investments
Loans held for investments, gross	22,500	19,659	18,777
Allowance for loan losses	(135)	(118)	(117)	(137)
Loans Held for Sale
Loans held for sale, gross	8,490	8,200
Total Loans
Total loans, gross	30,990	27,859
Loans held at fair value	6,991	7,093
Corporate | Pass
Loans Held for Investments
Loans held for investments, gross	21,032	17,847
Corporate | Special Mention
Loans Held for Investments
Loans held for investments, gross	763	1,683
Corporate | Substandard
Loans Held for Investments
Loans held for investments, gross	684	127
Corporate | Doubtful
Loans Held for Investments
Loans held for investments, gross	21	2
Consumer
Loans Held for Investments
Loans held for investments, gross	19,464	16,576	14,306
Allowance for loan losses	(2)	(2)	(2)	(1)
Loans Held for Sale
Loans held for sale, gross	0	0
Total Loans
Total loans, gross	19,464	16,576
Consumer | Pass
Loans Held for Investments
Loans held for investments, gross	19,464	16,576
Consumer | Special Mention
Loans Held for Investments
Loans held for investments, gross	0	0
Consumer | Substandard
Loans Held for Investments
Loans held for investments, gross	0	0
Consumer | Doubtful
Loans Held for Investments
Loans held for investments, gross	0	0
Residential Real Estate
Loans Held for Investments
Loans held for investments, gross	18,241	15,735	12,624
Allowance for loan losses	(9)	(8)	(6)	(4)
Loans Held for Sale
Loans held for sale, gross	167	114
Total Loans
Total loans, gross	18,408	15,849
Loans held at fair value	1,939	1,682
Residential Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	18,194	15,688
Residential Real Estate | Special Mention
Loans Held for Investments
Loans held for investments, gross	0	0
Residential Real Estate | Substandard
Loans Held for Investments
Loans held for investments, gross	47	47
Residential Real Estate | Doubtful
Loans Held for Investments
Loans held for investments, gross	0	0
Wholesale Real Estate
Loans Held for Investments
Loans held for investments, gross	6,388	5,298	3,061
Allowance for loan losses	(23)	(21)	$ (13)	$ (14)
Loans Held for Sale
Loans held for sale, gross	812	1,144
Total Loans
Total loans, gross	7,200	6,442
Loans held at fair value	3,177	3,187
Wholesale Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	6,388	5,298
Wholesale Real Estate | Special Mention
Loans Held for Investments
Loans held for investments, gross	0	0
Wholesale Real Estate | Substandard
Loans Held for Investments
Loans held for investments, gross	0	0
Wholesale Real Estate | Doubtful
Loans Held for Investments
Loans held for investments, gross	$ 0	$ 0

Loans and Allowance for Loan 73

Loans and Allowance for Loan Losses (Impaired Loans) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Impaired Loans
Impaired loans with allowance	$ 19	$ 0
Impaired loans without allowance	29	19
Impaired loans unpaid principal balance	48	19
Past due 90 days loans and on nonaccrual	36	27
Allowance	169	149	$ 138	$ 156
Americas
Impaired Loans
Impaired loans unpaid principal balance	29	19
Past due 90 days loans and on nonaccrual	36	27
Allowance	132	121
EMEA
Impaired Loans
Impaired loans unpaid principal balance	19	0
Past due 90 days loans and on nonaccrual	0	0
Allowance	32	20
Asia-Pacific
Impaired Loans
Impaired loans unpaid principal balance	0	0
Past due 90 days loans and on nonaccrual	0	0
Allowance	5	8
Corporate
Impaired Loans
Impaired loans with allowance	19	0
Impaired loans without allowance	2	2
Impaired loans unpaid principal balance	21	2
Past due 90 days loans and on nonaccrual	2	2
Allowance	135	118	117	137
Consumer
Impaired Loans
Allowance	2	2	2	1
Residential Real Estate
Impaired Loans
Impaired loans with allowance	0	0
Impaired loans without allowance	27	17
Impaired loans unpaid principal balance	27	17
Past due 90 days loans and on nonaccrual	34	25
Allowance	9	8	6	4
Wholesale Real Estate
Impaired Loans
Allowance	$ 23	$ 21	$ 13	$ 14

Loans and Allowance for Loan 74

Loans and Allowance for Loan Losses (Loans and Lending-related Commitments) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Allowance for loan losses rollforward
Beginning balance		$ 149		$ 156	$ 149	$ 156
Gross charge-offs					(1)	(3)
Gross recoveries					1	0
Net charge-offs					0	(3)
Provision for loan losses					30	(15)
Other					(10)
Ending balance	$ 169		$ 138		169	138
Loans, additional information
Allowance, inherent	164		136		164	136
Allowance, specific	5		2		5	2
Loans, inherent	66,545		48,747		66,545	48,747
Loans, specific	48		21		48	21
Total Loans	66,593		48,768		66,593	48,768	$ 57,268
Allowance for lending-related commitments rollforward
Beginning balance		149		127	149	127
Provision for lending-related commitments					8	30
Ending balance	157		157		157	157
Lending-related commitments, additional information
Allowance, inherent	157		157		157	157
Allowance, specific	0		0		0	0
Lending-related commitments, inherent	70,330		73,106		70,330	73,106
Lending-related commitments, specific	0		0		0	0
Total lending-related commitments evaluated for impairment	70,330		73,106		70,330	73,106
Other Revenues
Allowance for loan losses rollforward
Provision for loan losses	4	26	14	(29)
Other Non-interest Expenses
Allowance for lending-related commitments rollforward
Provision for lending-related commitments	(29)	37	11	19
Corporate
Allowance for loan losses rollforward
Beginning balance		118		137	118	137
Gross charge-offs					0	0
Gross recoveries					1	0
Net charge-offs					1	0
Provision for loan losses					26	(20)
Other					(10)
Ending balance	135		117		135	117
Loans, additional information
Allowance, inherent	130		115		130	115
Allowance, specific	5		2		5	2
Loans, inherent	22,479		18,766		22,479	18,766
Loans, specific	21		11		21	11
Total Loans	22,500		18,777		22,500	18,777	19,659
Allowance for lending-related commitments rollforward
Beginning balance		147		125	147	125
Provision for lending-related commitments					6	30
Ending balance	153		155		153	155
Lending-related commitments, additional information
Allowance, inherent	153		155		153	155
Allowance, specific	0		0		0	0
Lending-related commitments, inherent	65,183		69,331		65,183	69,331
Lending-related commitments, specific	0		0		0	0
Total lending-related commitments evaluated for impairment	65,183		69,331		65,183	69,331
Consumer
Allowance for loan losses rollforward
Beginning balance		2		1	2	1
Gross charge-offs					0	0
Gross recoveries					0	0
Net charge-offs					0	0
Provision for loan losses					0	1
Other					0
Ending balance	2		2		2	2
Loans, additional information
Allowance, inherent	2		2		2	2
Allowance, specific	0		0		0	0
Loans, inherent	19,464		14,306		19,464	14,306
Loans, specific	0		0		0	0
Total Loans	19,464		14,306		19,464	14,306	16,576
Allowance for lending-related commitments rollforward
Beginning balance		0		0	0	0
Provision for lending-related commitments					0	0
Ending balance	0		0		0	0
Lending-related commitments, additional information
Allowance, inherent	0		0		0	0
Allowance, specific	0		0		0	0
Lending-related commitments, inherent	4,235		3,274		4,235	3,274
Lending-related commitments, specific	0		0		0	0
Total lending-related commitments evaluated for impairment	4,235		3,274		4,235	3,274
Residential Real Estate
Allowance for loan losses rollforward
Beginning balance		8		4	8	4
Gross charge-offs					(1)	0
Gross recoveries					0	0
Net charge-offs					(1)	0
Provision for loan losses					2	2
Other					0
Ending balance	9		6		9	6
Loans, additional information
Allowance, inherent	9		6		9	6
Allowance, specific	0		0		0	0
Loans, inherent	18,214		12,614		18,214	12,614
Loans, specific	27		10		27	10
Total Loans	18,241		12,624		18,241	12,624	15,735
Allowance for lending-related commitments rollforward
Beginning balance		0		0	0	0
Provision for lending-related commitments					0	0
Ending balance	0		0		0	0
Lending-related commitments, additional information
Allowance, inherent	0		0		0	0
Allowance, specific	0		0		0	0
Lending-related commitments, inherent	289		249		289	249
Lending-related commitments, specific	0		0		0	0
Total lending-related commitments evaluated for impairment	289		249		289	249
Wholesale Real Estate
Allowance for loan losses rollforward
Beginning balance		21		14	21	14
Gross charge-offs					0	(3)
Gross recoveries					0	0
Net charge-offs					0	(3)
Provision for loan losses					2	2
Other					0
Ending balance	23		13		23	13
Loans, additional information
Allowance, inherent	23		13		23	13
Allowance, specific	0		0		0	0
Loans, inherent	6,388		3,061		6,388	3,061
Loans, specific	0		0		0	0
Total Loans	6,388		3,061		6,388	3,061	$ 5,298
Allowance for lending-related commitments rollforward
Beginning balance		$ 2		$ 2	2	2
Provision for lending-related commitments					2	0
Ending balance	4		2		4	2
Lending-related commitments, additional information
Allowance, inherent	4		2		4	2
Allowance, specific	0		0		0	0
Lending-related commitments, inherent	623		252		623	252
Lending-related commitments, specific	0		0		0	0
Total lending-related commitments evaluated for impairment	$ 623		$ 252		$ 623	$ 252

Loans and Allowance for Loan 75

Loans and Allowance for Loan Losses (Employee Loans) (Details) - Employee Retainment and Recruitment Program - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Employee Loans
Employee loans outstanding	$ 4,854	$ 5,130
Allowance for employee loans	$ 121	$ 116
Minimum
Employee Loans
Employee loan repayment terms	1 year
Maximum
Employee Loans
Employee loan repayment terms	12 years

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 28, 2013	Dec. 31, 2014
Deposits [Abstract]
Savings and demand deposits	$ 136,546	$ 136,546		$ 132,159
Time deposits	2,657	2,657		1,385
Total	139,203	139,203		133,544
Interest-bearing Deposits
Time deposits maturing in 2015	2,605	2,605
Time deposits maturing in 2016	19	19
Time deposits maturing in 2017	33	33
Interest-bearing savings deposits payable on demand	136,538	136,538
Deposits subject to FDIC	103,000	103,000		$ 99,000
Wealth Management JV
Noncontrolling Interest [Line Items]
Purchase of noncontrolling interests, percent			35.00%
Wealth Management JV | Citi
Noncontrolling Interest [Line Items]
Transfer of deposits from joint venture partners	$ 4,300	$ 8,700

Long-Term Borrowings and Othe77

Long-Term Borrowings and Other Secured Financings (Other Narratives) (Details) - USD ($) $ in Billions	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Long-term Borrowings
Notes issued, principal amount	$ 22.9	$ 14.8
Notes matured or retired	$ 13	$ 21.3
Weighted average maturity of long-term borrowings	5 years 11 months		5 years 11 months

Long-Term Borrowings and Othe78

Long-Term Borrowings and Other Secured Financings (Long-term Borrowings) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Components of Long-term Borrowings
Senior debt	$ 145,071	$ 139,565
Subordinated debt	10,155	8,339
Junior subordinated debentures	2,863	4,868
Total	$ 158,089	$ 152,772

Long-Term Borrowings and Othe79

Long-Term Borrowings and Other Secured Financings (Other Secured Financings) (Details) $ in Millions	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Long-term Borrowings
Secured financings with original maturities greater than one year	$ 9,447	$ 10,346
Secured financings with original maturities one year or less	1,890	1,395
Failed sales	351	344
Total other secured financings	11,688	12,085
Other secured financings, fair value	$ 4,074	$ 4,504
Morgan Stanley Capital Trust VI
Capital Securities Redemption
Stated Interest Rate	0.066

Derivative Instruments and He80

Derivative Instruments and Hedging Activities (Other Disclosures) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivatives
Embedded derivatives, net fair value	$ 25		$ 25		$ 10
Embedded Derivative notional amount	2,069		2,069		2,069
Recognized gains (losses) related to changes in the fair value of bifurcated embedded derivatives	21	$ (18)	16	$ (28)
Amount of payables associated with cash collateral received that was netted against derivative assets	49,300		49,300		63,200
Amount of receivables in respect of cash collateral paid that was netted against derivative liabilities	32,900		32,900		37,300
Cash Collateral Receivables					21
Cash collateral payables	$ 3		$ 3		$ 30

Derivative Instruments and He81

Derivative Instruments and Hedging Activities (Components of Derivative Products) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative Assets
Gross amounts	$ 511,587	$ 676,371
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(479,048)	(639,977)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	32,539	36,394
Amounts not offset against financial instruments collateral	(9,250)	(9,844)
Amounts not offset against other cash collateral	(43)	(19)
Net exposure	23,246	26,531
Derivative assets, which are either not subject to master netting agreements or collateral agreements, or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	7,300	6,500
Derivative Liabilities
Gross amounts	500,563	654,306
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(462,591)	(614,094)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	37,972	40,212
Amounts not offset against financial instruments collateral	(8,278)	(11,918)
Amounts not offset against other cash collateral		(185)
Net exposure	29,693	28,109
Derivative liabilities, which are either not subject to master netting agreements or collateral agreements, or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	8,800	6,900
Bilateral OTC
Derivative Assets
Gross amounts	353,817	427,079
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(326,043)	(396,582)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	27,774	30,497
Amounts not offset against financial instruments collateral	(9,244)	(9,844)
Amounts not offset against other cash collateral	(43)	(19)
Net exposure	18,487	20,634
Derivative Liabilities
Gross amounts	343,921	410,003
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(310,714)	(375,095)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	33,207	34,908
Amounts not offset against financial instruments collateral	(7,983)	(11,192)
Amounts not offset against other cash collateral	0	(179)
Net exposure	25,224	23,537
Cleared OTC
Derivative Assets
Gross amounts	126,985	217,169
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(126,119)	(215,576)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	866	1,593
Amounts not offset against financial instruments collateral	(6)	0
Amounts not offset against other cash collateral	0	0
Net exposure	860	1,593
Derivative Liabilities
Gross amounts	125,263	211,695
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(124,991)	(211,180)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	272	515
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	(1)	(6)
Net exposure	271	509
Exchange Traded
Derivative Assets
Gross amounts	30,785	32,123
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(26,886)	(27,819)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	3,899	4,304
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	3,899	4,304
Derivative Liabilities
Gross amounts	31,379	32,608
Amounts offset in the Condensed Consolidated Statements of Financial Condition	(26,886)	(27,819)
Net amounts presented in the Condensed Consolidated Statements of Financial Condition	4,493	4,789
Amounts not offset against financial instruments collateral	(295)	(726)
Amounts not offset against other cash collateral	0	0
Net exposure	$ 4,198	$ 4,063

Derivative Instruments and He82

Derivative Instruments and Hedging Activities (Fair Value of OTC Derivatives in a Gain Position) (Details) - OTC - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Credit Derivatives
Years to maturity, less than 1	$ 19,162	$ 23,226
Years to maturity, 1 - 3	18,764	20,732
Years to maturity, 3 - 5	12,155	15,735
Years to maturity, over 5	50,601	58,017
Cross-maturity and cash collateral netting	(72,085)	(85,639)
Net exposure post-cash collateral	28,597	32,071
Net exposure post-collateral	19,347	22,227
AAA
Credit Derivatives
Years to maturity, less than 1	188	499
Years to maturity, 1 - 3	672	246
Years to maturity, 3 - 5	913	1,313
Years to maturity, over 5	3,591	4,281
Cross-maturity and cash collateral netting	(4,509)	(5,009)
Net exposure post-cash collateral	855	1,330
Net exposure post-collateral	743	1,035
AA
Credit Derivatives
Years to maturity, less than 1	2,436	2,679
Years to maturity, 1 - 3	2,810	2,811
Years to maturity, 3 - 5	1,949	2,704
Years to maturity, over 5	12,265	14,137
Cross-maturity and cash collateral netting	(12,966)	(15,415)
Net exposure post-cash collateral	6,494	6,916
Net exposure post-collateral	3,502	4,719
A
Credit Derivatives
Years to maturity, less than 1	8,706	11,733
Years to maturity, 1 - 3	9,049	10,833
Years to maturity, 3 - 5	5,545	7,585
Years to maturity, over 5	19,087	23,968
Cross-maturity and cash collateral netting	(33,257)	(43,644)
Net exposure post-cash collateral	9,130	10,475
Net exposure post-collateral	6,299	6,520
BBB
Credit Derivatives
Years to maturity, less than 1	3,934	5,119
Years to maturity, 1 - 3	3,845	3,753
Years to maturity, 3 - 5	1,967	2,592
Years to maturity, over 5	12,668	13,132
Cross-maturity and cash collateral netting	(14,733)	(15,844)
Net exposure post-cash collateral	7,681	8,752
Net exposure post-collateral	5,696	6,035
Non-investment Grade
Credit Derivatives
Years to maturity, less than 1	3,898	3,196
Years to maturity, 1 - 3	2,388	3,089
Years to maturity, 3 - 5	1,781	1,541
Years to maturity, over 5	2,990	2,499
Cross-maturity and cash collateral netting	(6,620)	(5,727)
Net exposure post-cash collateral	4,437	4,598
Net exposure post-collateral	$ 3,107	$ 3,918

Derivative Instruments and He83

Derivative Instruments and Hedging Activities (Fair Value of Derivative Instruments Designated and Not Designated as Accounting Hedges by Type of Derivative Contract on a Gross Basis) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative Assets
Total derivatives	$ 511,587	$ 676,371
Cash collateral netting	(49,324)	(63,195)
Counterparty netting	(429,724)	(576,782)
Total derivative assets	32,539	36,394
Derivative Liabilities
Total derivatives	500,563	654,306
Cash collateral netting	(32,867)	(37,312)
Counterparty netting	(429,724)	(576,782)
Total derivative liabilities	37,972	40,212
Derivatives, Notional Amount
Derivative assets	17,025,143	19,389,415
Derivative liabilities	15,999,006	19,180,921
Bilateral OTC
Derivative Assets
Total derivatives	353,817	427,079
Cash collateral netting	(46,085)	(58,541)
Counterparty netting	(279,958)	(338,041)
Total derivative assets	27,774	30,497
Derivative Liabilities
Total derivatives	343,921	410,003
Cash collateral netting	(30,756)	(37,054)
Counterparty netting	(279,958)	(338,041)
Total derivative liabilities	33,207	34,908
Derivatives, Notional Amount
Derivative assets	7,845,894	8,090,757
Derivative liabilities	7,453,490	7,719,141
Cleared OTC
Derivative Assets
Total derivatives	126,985	217,169
Cash collateral netting	(3,239)	(4,654)
Counterparty netting	(122,880)	(210,922)
Total derivative assets	866	1,593
Derivative Liabilities
Total derivatives	125,263	211,695
Cash collateral netting	(2,111)	(258)
Counterparty netting	(122,880)	(210,922)
Total derivative liabilities	272	515
Derivatives, Notional Amount
Derivative assets	7,290,866	9,394,335
Derivative liabilities	7,005,876	9,311,657
Exchange Traded
Derivative Assets
Total derivatives	30,785	32,123
Cash collateral netting	0	0
Counterparty netting	(26,886)	(27,819)
Total derivative assets	3,899	4,304
Derivative Liabilities
Total derivatives	31,379	32,608
Cash collateral netting	0	0
Counterparty netting	(26,886)	(27,819)
Total derivative liabilities	4,493	4,789
Derivatives, Notional Amount
Derivative assets	1,888,383	1,904,323
Derivative liabilities	1,539,640	2,150,123
Designated as Accounting Hedges
Derivative Assets
Total derivatives	4,470	5,504
Derivative Liabilities
Total derivatives	832	230
Derivatives, Notional Amount
Derivative assets	71,172	81,639
Derivative liabilities	25,191	11,224
Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	3,551	4,445
Derivative Liabilities
Total derivatives	305	130
Derivatives, Notional Amount
Derivative assets	41,649	53,686
Derivative liabilities	9,525	3,515
Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	919	1,059
Derivative Liabilities
Total derivatives	527	100
Derivatives, Notional Amount
Derivative assets	29,523	27,953
Derivative liabilities	15,666	7,709
Designated as Accounting Hedges | Exchange Traded
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Designated as Accounting Hedges | Interest Rate Contracts
Derivative Assets
Total derivatives	4,310	5,000
Derivative Liabilities
Total derivatives	730	224
Derivatives, Notional Amount
Derivative assets	66,638	72,016
Derivative liabilities	18,913	9,612
Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	3,392	3,947
Derivative Liabilities
Total derivatives	206	125
Derivatives, Notional Amount
Derivative assets	37,244	44,324
Derivative liabilities	3,524	2,024
Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	918	1,053
Derivative Liabilities
Total derivatives	524	99
Derivatives, Notional Amount
Derivative assets	29,394	27,692
Derivative liabilities	15,389	7,588
Designated as Accounting Hedges | Interest Rate Contracts | Exchange Traded
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Designated as Accounting Hedges | Foreign Exchange Contracts
Derivative Assets
Total derivatives	160	504
Derivative Liabilities
Total derivatives	102	6
Derivatives, Notional Amount
Derivative assets	4,534	9,623
Derivative liabilities	6,278	1,612
Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	159	498
Derivative Liabilities
Total derivatives	99	5
Derivatives, Notional Amount
Derivative assets	4,405	9,362
Derivative liabilities	6,001	1,491
Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	1	6
Derivative Liabilities
Total derivatives	3	1
Derivatives, Notional Amount
Derivative assets	129	261
Derivative liabilities	277	121
Designated as Accounting Hedges | Foreign Exchange Contracts | Exchange Traded
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges
Derivative Assets
Total derivatives	507,117	670,867
Derivative Liabilities
Total derivatives	499,731	654,076
Derivatives, Notional Amount
Derivative assets	16,953,971	19,307,776
Derivative liabilities	15,973,815	19,169,697
Not Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	350,266	422,634
Derivative Liabilities
Total derivatives	343,616	409,873
Derivatives, Notional Amount
Derivative assets	7,804,245	8,037,071
Derivative liabilities	7,443,965	7,715,626
Not Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	126,066	216,110
Derivative Liabilities
Total derivatives	124,736	211,595
Derivatives, Notional Amount
Derivative assets	7,261,343	9,366,382
Derivative liabilities	6,990,210	9,303,948
Not Designated as Accounting Hedges | Exchange Traded
Derivative Assets
Total derivatives	30,785	32,123
Derivative Liabilities
Total derivatives	31,379	32,608
Derivatives, Notional Amount
Derivative assets	1,888,383	1,904,323
Derivative liabilities	1,539,640	2,150,123
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivative Assets
Total derivatives	351,185	493,173
Derivative Liabilities
Total derivatives	332,826	472,354
Derivatives, Notional Amount
Derivative assets	13,234,039	15,509,463
Derivative liabilities	12,321,307	15,468,324
Not Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	228,535	281,214
Derivative Liabilities
Total derivatives	211,241	264,579
Derivatives, Notional Amount
Derivative assets	4,672,995	4,854,953
Derivative liabilities	4,332,481	4,615,886
Not Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	122,135	211,552
Derivative Liabilities
Total derivatives	121,130	207,482
Derivatives, Notional Amount
Derivative assets	7,086,992	9,187,454
Derivative liabilities	6,836,336	9,138,417
Not Designated as Accounting Hedges | Interest Rate Contracts | Exchange Traded
Derivative Assets
Total derivatives	515	407
Derivative Liabilities
Total derivatives	455	293
Derivatives, Notional Amount
Derivative assets	1,474,052	1,467,056
Derivative liabilities	1,152,490	1,714,021
Not Designated as Accounting Hedges | Credit Contracts
Derivative Assets
Total derivatives	24,939	32,182
Derivative Liabilities
Total derivatives	25,053	32,109
Derivatives, Notional Amount
Derivative assets	879,037	973,831
Derivative liabilities	753,065	868,235
Not Designated as Accounting Hedges | Credit Contracts | Bilateral OTC
Derivative Assets
Total derivatives	21,160	27,776
Derivative Liabilities
Total derivatives	21,584	28,165
Derivatives, Notional Amount
Derivative assets	716,408	806,441
Derivative liabilities	610,523	714,181
Not Designated as Accounting Hedges | Credit Contracts | Cleared OTC
Derivative Assets
Total derivatives	3,779	4,406
Derivative Liabilities
Total derivatives	3,469	3,944
Derivatives, Notional Amount
Derivative assets	162,629	167,390
Derivative liabilities	142,542	154,054
Not Designated as Accounting Hedges | Credit Contracts | Exchange Traded
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges | Foreign Exchange Contracts
Derivative Assets
Total derivatives	63,397	72,597
Derivative Liabilities
Total derivatives	66,203	72,346
Derivatives, Notional Amount
Derivative assets	1,979,768	1,976,544
Derivative liabilities	2,033,036	1,960,416
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	63,185	72,362
Derivative Liabilities
Total derivatives	66,054	72,156
Derivatives, Notional Amount
Derivative assets	1,959,862	1,955,343
Derivative liabilities	2,018,091	1,947,178
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	152	152
Derivative Liabilities
Total derivatives	137	169
Derivatives, Notional Amount
Derivative assets	11,722	11,538
Derivative liabilities	11,332	11,477
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Exchange Traded
Derivative Assets
Total derivatives	60	83
Derivative Liabilities
Total derivatives	12	21
Derivatives, Notional Amount
Derivative assets	8,184	9,663
Derivative liabilities	3,613	1,761
Not Designated as Accounting Hedges | Equity Contracts
Derivative Assets
Total derivatives	49,499	48,124
Derivative Liabilities
Total derivatives	58,281	55,572
Derivatives, Notional Amount
Derivative assets	646,458	570,527
Derivative liabilities	681,160	642,089
Not Designated as Accounting Hedges | Equity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	23,779	23,208
Derivative Liabilities
Total derivatives	32,171	30,061
Derivatives, Notional Amount
Derivative assets	350,378	299,363
Derivative liabilities	389,209	339,884
Not Designated as Accounting Hedges | Equity Contracts | Cleared OTC
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges | Equity Contracts | Exchange Traded
Derivative Assets
Total derivatives	25,720	24,916
Derivative Liabilities
Total derivatives	26,110	25,511
Derivatives, Notional Amount
Derivative assets	296,080	271,164
Derivative liabilities	291,951	302,205
Not Designated as Accounting Hedges | Commodity Contracts
Derivative Assets
Total derivatives	17,952	24,415
Derivative Liabilities
Total derivatives	17,199	21,523
Derivatives, Notional Amount
Derivative assets	209,184	272,232
Derivative liabilities	176,065	225,155
Not Designated as Accounting Hedges | Commodity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	13,462	17,698
Derivative Liabilities
Total derivatives	12,397	14,740
Derivatives, Notional Amount
Derivative assets	99,117	115,792
Derivative liabilities	84,479	93,019
Not Designated as Accounting Hedges | Commodity Contracts | Cleared OTC
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges | Commodity Contracts | Exchange Traded
Derivative Assets
Total derivatives	4,490	6,717
Derivative Liabilities
Total derivatives	4,802	6,783
Derivatives, Notional Amount
Derivative assets	110,067	156,440
Derivative liabilities	91,586	132,136
Not Designated as Accounting Hedges | Other Contracts
Derivative Assets
Total derivatives	145	376
Derivative Liabilities
Total derivatives	169	172
Derivatives, Notional Amount
Derivative assets	5,485	5,179
Derivative liabilities	9,182	5,478
Not Designated as Accounting Hedges | Other Contracts | Bilateral OTC
Derivative Assets
Total derivatives	145	376
Derivative Liabilities
Total derivatives	169	172
Derivatives, Notional Amount
Derivative assets	5,485	5,179
Derivative liabilities	9,182	5,478
Not Designated as Accounting Hedges | Other Contracts | Cleared OTC
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges | Other Contracts | Exchange Traded
Derivative Assets
Total derivatives	0	0
Derivative Liabilities
Total derivatives	0	0
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Accounting Hedges | Future Contracts | Long
Derivatives, Notional Amount
Derivative notional amount	1,029,000	685,000
Not Designated as Accounting Hedges | Future Contracts | Short
Derivatives, Notional Amount
Derivative notional amount	876,000	1,122,000
Not Designated as Accounting Hedges | Future Contracts | Customer and Other Receivables
Derivatives, Notional Amount
Derivative assets, unsettled fair value	336	472
Not Designated as Accounting Hedges | Future Contracts | Customer and Other Payables
Derivatives, Notional Amount
Derivative liabilities, unsettled fair value	$ 103	$ 21

Derivative Instruments and He84

Derivative Instruments and Hedging Activities (Gains or Losses on Derivative Instruments, Related Hedge Items and Hedge Ineffectiveness) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Designated as Accounting Hedges | Interest Expense
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	$ 314	$ 301	$ 579	$ 603
Designated as Accounting Hedges | Interest Expense | Derivatives
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	(1,899)	621	(1,141)	931
Designated as Accounting Hedges | Interest Expense | Borrowings
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	2,213	(320)	1,720	(328)
Not Designated as Accounting Hedges
Derivatives
Gains (Losses) Recognized in Income	(4,550)	(2,388)	(5,963)	(2,099)
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivatives
Gains (Losses) Recognized in Income	2,194	(679)	477	(2,033)
Not Designated as Accounting Hedges | Credit Contracts
Derivatives
Gains (Losses) Recognized in Income	36	(354)	(209)	(197)
Not Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gains (Losses) Recognized in Income	(5,895)	567	(4,795)	1,591
Not Designated as Accounting Hedges | Equity Contracts
Derivatives
Gains (Losses) Recognized in Income	(953)	(1,918)	(2,020)	(2,077)
Not Designated as Accounting Hedges | Commodity Contracts
Derivatives
Gains (Losses) Recognized in Income	51	(53)	649	472
Not Designated as Accounting Hedges | Other Contracts
Derivatives
Gains (Losses) Recognized in Income	17	49	(65)	145
Net Investment Hedges | Designated as Accounting Hedges
Derivatives
Gain (Losses) Recognized in OCI (effective portion)	(81)	(109)	181	(176)
Net Investment Hedges | Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gain (Losses) Recognized in OCI (effective portion)	(81)	(109)	181	(176)
Gain (loss) recognized in income related to amounts excluded from hedge effectiveness testing	$ (36)	$ (52)	$ (80)	$ (97)

Derivative Instruments and He85

Derivative Instruments and Hedging Activities (Credit Risk Related Contingencies) (Details) $ in Millions	Jun. 30, 2015USD ($)
Derivatives
Aggregate fair value of derivative contracts that contain credit-risk-related contingent features that are in a net liability position	$ 28,962
Posted collateral	24,288
Bilateral arrangement
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	2,027
One-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	1,269
Two-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	$ 1,232

Derivative Instruments and He86

Derivative Instruments and Hedging Activities (Notional and Fair Value of Protection Sold and Purchased through Credit Default Swaps) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Protection Sold
Credit Derivatives
Derivative notional amount	$ 795,274	$ 909,273
Credit risk derivative assets, fair value	(6,323)	(7,111)
Protection Sold | Less than 1 Year
Credit Derivatives
Derivative notional amount	158,131	188,408
Protection Sold | 1 - 3 Years
Credit Derivatives
Derivative notional amount	403,239	439,538
Protection Sold | 3 - 5 Years
Credit Derivatives
Derivative notional amount	191,255	233,887
Protection Sold | Over 5 Years
Credit Derivatives
Derivative notional amount	42,649	47,440
Protection Sold | Credit Default Swaps
Credit Derivatives
Derivative notional amount	794,360	908,062
Credit risk derivative assets, fair value	(5,562)	(6,611)
Protection Sold | Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	158,131	188,357
Protection Sold | Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	402,738	438,999
Protection Sold | Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	190,909	233,886
Protection Sold | Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	42,582	46,820
Protection Sold | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	477,216	535,415
Credit risk derivative assets, fair value	(2,449)	(2,479)
Protection Sold | Single Name Credit Default Swaps | AAA
Credit Derivatives
Derivative notional amount	25,103	18,624
Credit risk derivative assets, fair value	(266)	(113)
Protection Sold | Single Name Credit Default Swaps | AA
Credit Derivatives
Derivative notional amount	37,593	50,868
Credit risk derivative assets, fair value	(437)	(688)
Protection Sold | Single Name Credit Default Swaps | A
Credit Derivatives
Derivative notional amount	77,655	100,179
Credit risk derivative assets, fair value	(1,184)	(1,962)
Protection Sold | Single Name Credit Default Swaps | BBB
Credit Derivatives
Derivative notional amount	200,248	237,096
Credit risk derivative assets, fair value	(1,636)	(1,489)
Protection Sold | Single Name Credit Default Swaps | Non-investment Grade
Credit Derivatives
Derivative notional amount	136,617	128,648
Credit risk derivative assets, fair value	1,074	1,773
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	105,067	112,730
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | AAA
Credit Derivatives
Derivative notional amount	3,675	2,385
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | AA
Credit Derivatives
Derivative notional amount	8,146	9,080
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | A
Credit Derivatives
Derivative notional amount	18,796	22,861
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | BBB
Credit Derivatives
Derivative notional amount	41,406	48,547
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Non-investment Grade
Credit Derivatives
Derivative notional amount	33,044	29,857
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	244,441	265,842
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | AAA
Credit Derivatives
Derivative notional amount	13,347	9,400
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | AA
Credit Derivatives
Derivative notional amount	18,305	23,701
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | A
Credit Derivatives
Derivative notional amount	42,445	52,291
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | BBB
Credit Derivatives
Derivative notional amount	101,019	114,384
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	69,325	66,066
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	106,139	132,639
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | AAA
Credit Derivatives
Derivative notional amount	6,408	6,147
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | AA
Credit Derivatives
Derivative notional amount	9,425	14,769
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | A
Credit Derivatives
Derivative notional amount	14,333	22,083
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | BBB
Credit Derivatives
Derivative notional amount	46,196	60,629
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	29,777	29,011
Protection Sold | Single Name Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	21,569	24,204
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | AAA
Credit Derivatives
Derivative notional amount	1,673	692
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | AA
Credit Derivatives
Derivative notional amount	1,717	3,318
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | A
Credit Derivatives
Derivative notional amount	2,081	2,944
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | BBB
Credit Derivatives
Derivative notional amount	11,627	13,536
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	4,471	3,714
Protection Sold | Total Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	317,144	372,647
Credit risk derivative assets, fair value	(3,113)	(4,132)
Protection Sold | Total Index and Basket Credit Default Swaps | AAA
Credit Derivatives
Derivative notional amount	57,392	57,897
Credit risk derivative assets, fair value	(1,145)	(985)
Protection Sold | Total Index and Basket Credit Default Swaps | AA
Credit Derivatives
Derivative notional amount		10,796
Credit risk derivative assets, fair value		(270)
Protection Sold | Total Index and Basket Credit Default Swaps | A
Credit Derivatives
Derivative notional amount	15,951	18,308
Credit risk derivative assets, fair value	(207)	(465)
Protection Sold | Total Index and Basket Credit Default Swaps | BBB
Credit Derivatives
Derivative notional amount	61,263	138,711
Credit risk derivative assets, fair value	(866)	(2,904)
Protection Sold | Total Index and Basket Credit Default Swaps | Non-investment Grade
Credit Derivatives
Derivative notional amount	182,538	146,935
Credit risk derivative assets, fair value	(895)	492
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	53,064	75,627
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | AAA
Credit Derivatives
Derivative notional amount	13,998	17,625
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | AA
Credit Derivatives
Derivative notional amount		704
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | A
Credit Derivatives
Derivative notional amount	4,207	1,283
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | BBB
Credit Derivatives
Derivative notional amount	7,591	30,265
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Non-investment Grade
Credit Derivatives
Derivative notional amount	27,268	25,750
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	158,297	173,157
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | AAA
Credit Derivatives
Derivative notional amount	41,873	31,124
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | AA
Credit Derivatives
Derivative notional amount		6,512
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | A
Credit Derivatives
Derivative notional amount	5,513	6,841
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | BBB
Credit Derivatives
Derivative notional amount	22,028	40,575
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	88,883	88,105
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	84,770	101,247
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | AAA
Credit Derivatives
Derivative notional amount	1,521	7,265
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | AA
Credit Derivatives
Derivative notional amount		716
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | A
Credit Derivatives
Derivative notional amount	6,219	10,154
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | BBB
Credit Derivatives
Derivative notional amount	27,477	60,141
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	49,553	22,971
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	21,013	22,616
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | AAA
Credit Derivatives
Derivative notional amount	0	1,883
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | AA
Credit Derivatives
Derivative notional amount		2,864
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | A
Credit Derivatives
Derivative notional amount	12	30
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | BBB
Credit Derivatives
Derivative notional amount	4,167	7,730
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	16,834	10,109
Protection Sold | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	243,574	276,465
Credit risk derivative assets, fair value	(1,074)	(1,777)
Protection Sold | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	73,570	96,182
Credit risk derivative assets, fair value	(2,039)	(2,355)
Protection Sold | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	719,000	805,000
Protection Sold | Other Credit Contracts
Credit Derivatives
Derivative notional amount	914	1,211
Credit risk derivative assets, fair value	(761)	(500)
Protection Sold | Other Credit Contracts | Less than 1 Year
Credit Derivatives
Derivative notional amount	0	51
Protection Sold | Other Credit Contracts | 1 - 3 Years
Credit Derivatives
Derivative notional amount	501	539
Protection Sold | Other Credit Contracts | 3 - 5 Years
Credit Derivatives
Derivative notional amount	346	1
Protection Sold | Other Credit Contracts | Over 5 Years
Credit Derivatives
Derivative notional amount	67	620
Protection Purchased | Credit Default Swaps
Credit Derivatives
Derivative notional amount	837,742	934,004
Credit risk derivative liabilities, fair value	5,676	6,538
Protection Purchased | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	453,603	509,872
Credit risk derivative liabilities, fair value	1,910	1,641
Protection Purchased | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	210,171	229,789
Credit risk derivative liabilities, fair value	710	1,563
Protection Purchased | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	173,968	194,343
Credit risk derivative liabilities, fair value	3,056	3,334
Protection Purchased | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	$ 661,000	$ 731,000

Commitments, Guarantees and C87

Commitments, Guarantees and Contingencies (Narrative - Contingencies) (Details) - Underlying Asset Class [Domain] - USD ($) $ in Millions	Jun. 25, 2015	Jul. 15, 2010	Jun. 30, 2015	Apr. 28, 2014	Sep. 23, 2013	May. 03, 2013	Jan. 10, 2013	Oct. 16, 2012	Sep. 28, 2012	Aug. 08, 2012	Aug. 07, 2012
China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al.
Contingencies
Damages sought		$ 228
Estimate of possible loss, maximum			$ 240
Credit default swap asset		275
Loss in period		$ 12
The Prudential Insurance Company of America, et al. v. Morgan Stanley, et al.
Contingencies
Estimate of possible loss, minimum			590
Mortgage pass through certificate backed by securitization trusts original amount								$ 1,073
Mortgage pass through certificate backed by securitization trusts unpaid amount	$ 590
Morgan Stanley Mortgage Loan Trusts v Morgan Stanley Mortgage Capital Holdings LLC
Contingencies
Estimate of possible loss, maximum			527
Morgan Stanley Mortgage Loan Trust 2006-4SL v. Morgan Stanley Mortgage Capital Inc.
Contingencies
Estimate of possible loss, maximum			149
Original principal balance of loans in trust											$ 303
Morgan Stanley Mortgage Loan Trust 2006-14SL v Morgan Stanley Mortgage Capital Holdings LLC
Contingencies
Original principal balance of loans in trust										$ 354
Morgan Stanley Mortgage Loan Trust 2007-4SL v Morgan Stanley Mortgage Capital Holdings LLC
Contingencies
Original principal balance of loans in trust										$ 305
Morgan Stanley Mortgage Loan Trust 2006-13ARX v. Morgan Stanley Mortgage Capital Holdings LLC
Contingencies
Estimate of possible loss, maximum			173
Original principal balance of loans in trust									$ 609
Morgan Stanley Mortgage Loan Trust 2006-10SL v. Morgan Stanley Mortgage Capital Holdings LLC
Contingencies
Estimate of possible loss, maximum			197
Original principal balance of loans in trust							$ 300
National Credit Union Administration Board v Morgan Stanley & Co. Inc., et al.
Contingencies
Estimate of possible loss, minimum			200
Mortgage pass through certificate backed by securitization trusts original amount					$ 417
Mortgage pass through certificate backed by securitization trusts unpaid amount	200
Mortgage pass through certificate incurred losses	28
Deutsche Zentral-Genossenschaftsbank AG et al. v. Morgan Stanley et al.
Contingencies
Estimate of possible loss, minimum			283
Mortgage pass through certificate backed by securitization trusts original amount						$ 644
Mortgage pass through certificate backed by securitization trusts unpaid amount	283
Mortgage pass through certificate incurred losses	$ 80
Deutsche Bank National Trust Company v. Morgan Stanley Mortgage Capital Holdings Llc
Contingencies
Estimate of possible loss, maximum			$ 292
Mortgage pass through certificate backed by securitization trusts original amount				$ 735

Commitments, Guarantees and C88

Commitments, Guarantees and Contingencies (Commitments) (Details) $ in Millions	Jun. 30, 2015USD ($)
Commitment, Fiscal Year Maturity
Less than 1	$ 74,218
1-3 years	23,695
3-5 years	51,842
Over 5 years	6,593
Total	156,348
Letters of Credit and Other Financial Guarantees Obtained to Satisfy Collateral Requirements
Commitment, Fiscal Year Maturity
Less than 1	337
1-3 years	0
3-5 years	108
Over 5 years	0
Total	445
Investment Activities
Commitment, Fiscal Year Maturity
Less than 1	497
1-3 years	73
3-5 years	20
Over 5 years	488
Total	1,078
Primary Lending Commitments - Investment Grade
Commitment, Fiscal Year Maturity
Less than 1	8,501
1-3 years	15,644
3-5 years	35,655
Over 5 years	1,051
Total	60,851
Unfunded commitments accounted for as held for investment	1,400
Primary Lending Commitments - Non-investment Grade
Commitment, Fiscal Year Maturity
Less than 1	1,300
1-3 years	5,957
3-5 years	15,007
Over 5 years	2,641
Total	24,905
Unfunded commitments accounted for as held for investment	2,800
Secondary Lending Commitments
Commitment, Fiscal Year Maturity
Less than 1	22
1-3 years	23
3-5 years	82
Over 5 years	169
Total	296
Commitments for Secured Lending Transactions
Commitment, Fiscal Year Maturity
Less than 1	1,890
1-3 years	740
3-5 years	568
Over 5 years	0
Total	3,198
Forward Starting Reverse Repurchase Agreements and Securities Borrowing Agreements
Commitment, Fiscal Year Maturity
Less than 1	54,109
1-3 years	0
3-5 years	0
Over 5 years	0
Total	54,109
Maximum commitment under reverse repurchase facility	1,300
Commitments due in the next three business days	47,500
Commercial and Residential Mortgage-related Commitments
Commitment, Fiscal Year Maturity
Less than 1	12
1-3 years	333
3-5 years	62
Over 5 years	2,005
Total	2,412
Underwriting Commitments
Commitment, Fiscal Year Maturity
Less than 1	2,660
1-3 years	0
3-5 years	0
Over 5 years	0
Total	2,660
Other Lending Commitments
Commitment, Fiscal Year Maturity
Less than 1	4,890
1-3 years	925
3-5 years	340
Over 5 years	239
Total	$ 6,394

Commitments, Guarantees and C89

Commitments, Guarantees and Contingencies (Obligations under Guarantee Arrangements) (Details) $ in Millions	Jun. 30, 2015USD ($)
Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	$ 794,360
Carrying Amount (Asset)/Liability	(5,562)
Collateral/Recourse	0
Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	914
Carrying Amount (Asset)/Liability	(761)
Collateral/Recourse	0
Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	2,748,257
Carrying Amount (Asset)/Liability	64,290
Collateral/Recourse	0
Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	10,264
Carrying Amount (Asset)/Liability	(212)
Collateral/Recourse	8,230
Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	678
Carrying Amount (Asset)/Liability	4
Collateral/Recourse	103
Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	2,883
Carrying Amount (Asset)/Liability	(4)
Collateral/Recourse	4,391
Whole Loan Sales Guarantees and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	23,517
Carrying Amount (Asset)/Liability	9
Collateral/Recourse	0
Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	65,138
Carrying Amount (Asset)/Liability	99
Collateral/Recourse	0
General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	514
Carrying Amount (Asset)/Liability	71
Collateral/Recourse	0
Less than 1 Year | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	158,131
Less than 1 Year | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	0
Less than 1 Year | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	1,139,484
Less than 1 Year | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,447
Less than 1 Year | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	28
Less than 1 Year | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	2,744
Less than 1 Year | Whole Loan Sales Guarantees and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
Less than 1 Year | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
Less than 1 Year | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	61
1 - 3 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	402,738
1 - 3 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	501
1 - 3 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	784,721
1 - 3 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	911
1 - 3 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	395
1 - 3 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | Whole Loan Sales Guarantees and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	47
3 - 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	190,909
3 - 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	346
3 - 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	284,645
3 - 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,332
3 - 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	219
3 - 5 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
3 - 5 Years | Whole Loan Sales Guarantees and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
3 - 5 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
3 - 5 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	123
Over 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	42,582
Over 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	67
Over 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	539,407
Over 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	6,574
Over 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	36
Over 5 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	139
Over 5 Years | Whole Loan Sales Guarantees and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	23,517
Over 5 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	65,138
Over 5 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	283
Primary and Secondary Lending Commitments
Guarantor Obligations
Standby letters of credit	$ 500

Regulatory Requirements (Narrat

Regulatory Requirements (Narrative) (Details) - Banking Regulations [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
MS&Co.
Regulatory Requirements
Net capital	$ 9,084	$ 6,593
Amount of capital that exceeds the minimum required	7,292	4,928
Net capital, minimum amount required to hold	1,000
Net capital, minimum amount required to hold in accordance with the market and credit risk standards	500
MS&Co. | Minimum
Regulatory Requirements
Amount by which if net capital falls below, the company is required to notify the SEC	5,000
MSSB LLC
Regulatory Requirements
Net capital	5,031	4,620
Amount of capital that exceeds the minimum required	$ 4,868	$ 4,460

Regulatory Requirements (Capita

Regulatory Requirements (Capital Measures) (Details) - U.S. Basel III - Transitional / Advanced Approach - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Balance
Common Equity Tier 1 capital, amount	$ 58,666	$ 57,324
Tier 1 capital, amount	65,770	64,182
Total capital, amount	78,031	74,972
Assets
RWAs	417,707	456,008
Adjusted average assets	$ 836,607	$ 810,524
Ratio
Common Equity Tier 1 capital ratio	14.00%	12.60%
Tier 1 capital ratio	15.70%	14.10%
Total capital ratio	18.70%	16.40%
Tier 1 leverage ratio	7.90%	7.90%
Minimum Regulatory Capital Ratio
Minimum Common Equity Tier 1 capital, required	4.50%	4.00%
Minimum Tier 1 capital ratio, required	6.00%	5.50%
Minimum total capital ratio, required	8.00%	8.00%
Minimum Teir 1 leverage ratio, required	4.00%	4.00%

Regulatory Requirements (Signif

Regulatory Requirements (Significant U.S. Bank Operating Subsidiaries' Capital) (Details) - U.S. Basel III - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Transitional / Advanced Approach
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 58,666	$ 57,324
Tier 1 capital, amount	65,770	64,182
Total capital, amount	$ 78,031	$ 74,972
Ratio
Common Equity Tier 1 capital ratio	14.00%	12.60%
Tier 1 capital ratio	15.70%	14.10%
Total capital ratio	18.70%	16.40%
Tier 1 leverage ratio	7.90%	7.90%
MSBNA
Required Capital Ratio
Common Equity Tier 1 capital ratio, required	6.50%	6.50%
Tier 1 capital ratio, required	8.00%	8.00%
Total capital ratio, required	10.00%	10.00%
Teir 1 leverage ratio, required	5.00%	5.00%
MSBNA | Transitional / Standardized Approach
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 12,480
Tier 1 capital, amount	12,480
Total capital, amount	14,190
Tier 1 leverage capital, amount	$ 12,480
Ratio
Common Equity Tier 1 capital ratio	14.20%
Tier 1 capital ratio	14.20%
Total capital ratio	16.10%
Tier 1 leverage ratio	9.90%
MSBNA | Transitional / U.S. Basel I And Basel 2.5 Approach
Regulatory Requirements
Common Equity Tier 1 capital, amount		$ 12,355
Tier 1 capital, amount		12,355
Total capital, amount		14,040
Tier 1 leverage capital, amount		$ 12,355
Ratio
Common Equity Tier 1 capital ratio		12.20%
Tier 1 capital ratio		12.20%
Total capital ratio		13.90%
Tier 1 leverage ratio		10.20%
MSPBNA
Required Capital Ratio
Common Equity Tier 1 capital ratio, required	6.50%	6.50%
Tier 1 capital ratio, required	8.00%	8.00%
Total capital ratio, required	10.00%	10.00%
Teir 1 leverage ratio, required	5.00%	5.00%
MSPBNA | Transitional / Standardized Approach
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 3,379
Tier 1 capital, amount	3,379
Total capital, amount	3,392
Tier 1 leverage capital, amount	$ 3,379
Ratio
Common Equity Tier 1 capital ratio	25.20%
Tier 1 capital ratio	25.20%
Total capital ratio	25.30%
Tier 1 leverage ratio	11.40%
MSPBNA | Transitional / U.S. Basel I And Basel 2.5 Approach
Regulatory Requirements
Common Equity Tier 1 capital, amount		$ 2,468
Tier 1 capital, amount		2,468
Total capital, amount		2,480
Tier 1 leverage capital, amount		$ 2,468
Ratio
Common Equity Tier 1 capital ratio		20.30%
Tier 1 capital ratio		20.30%
Total capital ratio		20.40%
Tier 1 leverage ratio		9.40%

Total Equity (Narrative) (Detai

Total Equity (Narrative) (Details) - Class of Stock [Domain] - USD ($) $ / shares in Units, $ in Millions	Apr. 20, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Treasury Shares
Authorized repurchase amount of outstanding common stock		$ 3,100		$ 3,100
Dividends declared per common share	$ 0.15	$ 0.15	$ 0.1	$ 0.25	$ 0.15
Common stock repurchased		$ 625	$ 284	$ 875	$ 434
Nonredeemable Noncontrolling Interests
Nonredeemable noncontrolling interests		$ 1,029		1,029		$ 1,204
Reduction in nonredeemable noncontrolling interests related to deconsolidation of certain legal entities associated with a real estate fund				$ 191	$ 1,606

Total Equity (Preferred Stock O

Total Equity (Preferred Stock Outstanding) (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Class of Stock
Preferred stock carrying value	$ 7,520	$ 6,020
Series A Preferred Stock
Class of Stock
Preferred stock shares outstanding	44,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,100	1,100
Series C Preferred Stock
Class of Stock
Preferred stock shares outstanding	519,882
Liquidation preference per share	$ 1,000
Preferred stock carrying value	$ 408	408
Series E Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,500
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 862	862
Series F Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 850	850
Series G Preferred Stock
Class of Stock
Preferred stock shares outstanding	20,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 500	500
Series H Preferred Stock
Class of Stock
Preferred stock shares outstanding	52,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,300	1,300
Series I Preferred Stock
Class of Stock
Preferred stock shares outstanding	40,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series J Preferred Stock
Class of Stock
Preferred stock shares outstanding	60,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,500	$ 0

Total Equity (Preferred Stock)

Total Equity (Preferred Stock) (Details) $ / shares in Units, $ in Millions	Mar. 19, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)
Preferred Stock
Issuance of preferred stock, net of issuance costs				$ 1,493	$ 1,788
Preferred stock shares authorized | shares		30,000,000		30,000,000
Dividends, Preferred Stock		$ 141	$ 76	$ 219	$ 130
Series J Preferred Stock
Preferred Stock
Preferred stock issuance date	Mar. 19, 2015
Depositary Shares issued (in shares) | shares	1,500,000
Depositary Shares issued	$ 1,500
Fraction of underlying stock that each Depositary Share represents	0.04
Preferred stock par value (per share) | $ / shares	$ 0.01
Preferred stock redemption price (per share) | $ / shares	25,000
Preferred stock redemption price per Depositary Share | $ / shares	$ 1,000
Issuance of preferred stock, net of issuance costs	$ 1,493
Preferred stock redemption terms	The Series J Preferred Stock is redeemable at the Company’s option, (i) in whole or in part, from time to time, on any dividend payment date on or after July 15, 2020 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event (as described in the terms of that series), in each case at a redemption price of $25,000 per share (equivalent to $1,000 per Depositary Share), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption, without accumulation of any undeclared dividends.

Total Equity (Components of Acc

Total Equity (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Beginning balance	$ (1,266)	$ (968)	$ (1,248)	$ (1,093)
Other comprehensive income (loss) before reclassifications	(162)	238	(167)	364
Amounts reclassified from AOCI	(19)	(3)	(32)	(4)
Net other comprehensive income (loss) during the period	(181)	235	(199)	360
Ending balance	(1,447)	(733)	(1,447)	(733)
Foreign Currency Translation Adjustments
Beginning balance	(883)	(218)	(663)	(266)
Other comprehensive income (loss) before reclassifications	50	68	(170)	116
Amounts reclassified from AOCI	0	0	0	0
Net other comprehensive income (loss) during the period	50	68	(170)	116
Ending balance	(833)	(150)	(833)	(150)
Net Change in Cash Flow Hedges
Beginning balance	4	0	3	(1)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	1	1	2
Net other comprehensive income (loss) during the period	0	1	1	2
Ending balance	4	1	4	1
Change in Net Unrealized Gains (Losses) on Securities Available for Sale
Beginning balance	127	(208)	(73)	(282)
Other comprehensive income (loss) before reclassifications	(208)	168	7	246
Amounts reclassified from AOCI	(20)	(6)	(35)	(10)
Net other comprehensive income (loss) during the period	(228)	162	(28)	236
Ending balance	(101)	(46)	(101)	(46)
Pension, Postretirement and Other Related Adjustments
Beginning balance	(514)	(542)	(515)	(544)
Other comprehensive income (loss) before reclassifications	(4)	2	(4)	2
Amounts reclassified from AOCI	1	2	2	4
Net other comprehensive income (loss) during the period	(3)	4	(2)	6
Ending balance	$ (517)	$ (538)	$ (517)	$ (538)

Earnings Per Common Share (Calc

Earnings Per Common Share (Calculation of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic EPS:
Income from continuing operations	$ 1,833	$ 1,917	$ 4,301	$ 3,502
Income (loss) from discontinued operations	(2)	0	(7)	(1)
Net income	1,831	1,917	4,294	3,501
Net income applicable to nonredeemable noncontrolling interests	24	18	93	97
Net income applicable to Morgan Stanley	1,807	1,899	4,201	3,404
Less: Preferred dividends	(141)	(76)	(219)	(130)
Less: Allocation of (earnings) loss to participating RSUs:
From continuing operations	(1)	(3)	(3)	(5)
Less: Allocation of undistributed (earnings) to Equity Units:
Earnings applicable to Morgan Stanley common shareholders	$ 1,665	$ 1,820	$ 3,979	$ 3,269
Weighted average common shares outstanding	1,919,087,127	1,928,250,328	1,921,604,663	1,926,260,244
Earnings per basic common share:
Income from continuing operations	$ 0.87	$ 0.94	$ 2.07	$ 1.7
Income (loss) from discontinued operations	0	0	0	0
Earnings per basic common share	$ 0.87	$ 0.94	$ 2.07	$ 1.7
Diluted EPS:
Earnings applicable to Morgan Stanley common shareholders	$ 1,665	$ 1,820	$ 3,979	$ 3,269
Weighted average common shares outstanding	1,919,087,127	1,928,250,328	1,921,604,663	1,926,260,244
Effect of dilutive securities:
Stock options and RSUs	41,000,000	41,000,000	40,000,000	43,000,000
Weighted average common shares outstanding and common stock equivalents	1,960,355,702	1,969,698,239	1,961,676,071	1,969,675,518
Earnings per diluted common share:
Income from continuing operations	$ 0.85	$ 0.92	$ 2.03	$ 1.66
Income (loss) from discontinued operations	0	0	0	0
Earnings per diluted common share	$ 0.85	$ 0.92	$ 2.03	$ 1.66

Earnings Per Common Share (Anti

Earnings Per Common Share (Antidilutive Securities Excluded from the Computation of Diluted EPS) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive securities outstanding	12	16	12	16
RSUs and Performance-based Stock Units
Antidilutive securities outstanding	1	3	1	3
Stock Options
Antidilutive securities outstanding	11	13	11	13

Interest Income and Interest 99

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Trading assets	$ 555	$ 528	$ 1,149	$ 1,029
AFS Securities	238	150	438	288
Loans	529	358	1,004	730
Interest bearing deposits with banks	22	24	45	59
Interest income securities purchased under agreements to resell and securities borrowed	(200)	(127)	(305)	(136)
Other	242	317	539	623
Total Interest income	1,386	1,250	2,870	2,593
Interest expense:
Deposits	17	17	35	30
Commercial paper and other short-term borrowings	5	2	9	2
Long-term debt	915	930	1,841	1,865
Securities sold under agreements to repurchase and Securities loaned	235	303	543	629
Other	(484)	(269)	(852)	(508)
Total Interest expense	688	983	1,576	2,018
Net interest	$ 698	$ 267	$ 1,294	$ 575

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Benefit Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Components of Net Periodic Benefit Expense (Income)
Service cost, benefits earned during the period	$ 5	$ 6	$ 10	$ 12
Interest cost on projected benefit obligation	38	40	77	80
Expected return on plan assets	(29)	(27)	(59)	(55)
Net amortization of prior service cost (credit)	(5)	(3)	(10)	(6)
Net amortization of actuarial loss	7	6	13	12
Net periodic benefit expense	$ 16	$ 22	$ 31	$ 43

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of the Provision for (Benefit from) Income Taxes and the U.S. Federal Statutory Income Tax Rate) (Details) - Segment [Domain] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Remeasurement of Reserves and Related Interest Associated with Either Expiration of Applicable Statute of Limitations or New Information Regarding Status of Certain Internal Revenue Service Examinations
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation
Aggregate net discrete tax expense (benefit) from continuing operations	$ (609)		$ (609)
Planned Repatriation of Non-U.S. Earnings at Cost Lower Than Originally Estimated
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation
Aggregate net discrete tax expense (benefit) from continuing operations		$ (564)

Segment and Geographic Infor102

Segment and Geographic Information (Selected Financial Information by Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information
Total non-interest revenues	$ 9,045	$ 8,341	$ 18,356	$ 17,029
Interest income	1,386	1,250	2,870	2,593
Interest expense	688	983	1,576	2,018
Net interest	698	267	1,294	575
Net revenues	9,743	8,608	19,650	17,604
Income from continuing operations before income taxes	2,727	1,932	5,582	4,302
Provision for income taxes	894	15	1,281	800
Income from continuing operations	1,833	1,917	4,301	3,502
Discontinued operations:
Income (loss) from discontinued operations before income taxes	(2)	(1)	(10)	(3)
Provision for (benefit from) income taxes	0	(1)	(3)	(2)
Income (loss) from discontinued operations	(2)	0	(7)	(1)
Net income	1,831	1,917	4,294	3,501
Net income applicable to nonredeemable noncontrolling interests	24	18	93	97
Net income applicable to Morgan Stanley	1,807	1,899	4,201	3,404
Segment Reporting Information, Additional Information
Performance-based fee revenue at risk	618		618		$ 634
Intersegment Eliminations
Segment Reporting Information
Total non-interest revenues	(55)	(50)	(109)	(91)
Interest income	(119)	(125)	(243)	(245)
Interest expense	(119)	(128)	(243)	(247)
Net interest	0	3	0	2
Net revenues	(55)	(47)	(109)	(89)
Income from continuing operations before income taxes	0	0	0	0
Provision for income taxes	0	0	0	0
Income from continuing operations	0	0	0	0
Discontinued operations:
Income (loss) from discontinued operations before income taxes	0	0	0	0
Provision for (benefit from) income taxes	0	0	0	0
Income (loss) from discontinued operations	0	0	0	0
Net income	0	0	0	0
Net income applicable to nonredeemable noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	0	0	0	0
Institutional Securities
Segment Reporting Information
Total non-interest revenues	5,205	4,554	10,751	9,456
Interest income	723	758	1,593	1,639
Interest expense	756	1,064	1,714	2,170
Net interest	(33)	(306)	(121)	(531)
Net revenues	5,172	4,248	10,630	8,925
Income from continuing operations before income taxes	1,622	960	3,435	2,376
Provision for income taxes	511	(344)	517	82
Income from continuing operations	1,111	1,304	2,918	2,294
Discontinued operations:
Income (loss) from discontinued operations before income taxes	(2)	(6)	(10)	(9)
Provision for (benefit from) income taxes	0	(3)	(3)	(4)
Income (loss) from discontinued operations	(2)	(3)	(7)	(5)
Net income	1,109	1,301	2,911	2,289
Net income applicable to nonredeemable noncontrolling interests	22	11	74	36
Net income applicable to Morgan Stanley	1,087	1,290	2,837	2,253
Segment Reporting Information, Additional Information
Aggregate net discrete tax expense (benefit) from continuing operations		(609)	(564)	(609)
Wealth Management
Segment Reporting Information
Total non-interest revenues	3,138	3,125	6,283	6,196
Interest income	782	616	1,519	1,197
Interest expense	45	39	93	82
Net interest	737	577	1,426	1,115
Net revenues	3,875	3,702	7,709	7,311
Income from continuing operations before income taxes	885	763	1,740	1,449
Provision for income taxes	324	296	644	561
Income from continuing operations	561	467	1,096	888
Discontinued operations:
Income (loss) from discontinued operations before income taxes	0	0	0	0
Provision for (benefit from) income taxes	0	0	0	0
Income (loss) from discontinued operations	0	0	0	0
Net income	561	467	1,096	888
Net income applicable to nonredeemable noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	561	467	1,096	888
Investment Management
Segment Reporting Information
Total non-interest revenues	757	712	1,431	1,468
Interest income	0	1	1	2
Interest expense	6	8	12	13
Net interest	(6)	(7)	(11)	(11)
Net revenues	751	705	1,420	1,457
Income from continuing operations before income taxes	220	209	407	477
Provision for income taxes	59	63	120	157
Income from continuing operations	161	146	287	320
Discontinued operations:
Income (loss) from discontinued operations before income taxes	0	5	0	6
Provision for (benefit from) income taxes	0	2	0	2
Income (loss) from discontinued operations	0	3	0	4
Net income	161	149	287	324
Net income applicable to nonredeemable noncontrolling interests	2	7	19	61
Net income applicable to Morgan Stanley	$ 159	$ 142	$ 268	$ 263

Segment and Geographic Infor103

Segment and Geographic Information (Assets by Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information
Assets	$ 825,755	$ 801,510
Net increase in Intangible assets	159
Gain (loss) on sale of Intangible assets	78
Institutional Securities
Segment Reporting Information
Assets	656,529	630,341
Wealth Management
Segment Reporting Information
Assets	163,943	165,147
Investment Management
Segment Reporting Information
Assets	$ 5,283	$ 6,022

Segment and Geographic Infor104

Segment and Geographic Information (Net Revenues by Geographic Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information
Net Revenues	$ 9,743	$ 8,608	$ 19,650	$ 17,604
Americas
Segment Reporting Information
Net Revenues	6,777	6,132	13,707	12,714
EMEA
Segment Reporting Information
Net Revenues	1,436	1,498	3,198	2,920
Asia-Pacific
Segment Reporting Information
Net Revenues	$ 1,530	$ 978	$ 2,745	$ 1,970

Equity Method Investments (Narr

Equity Method Investments (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity Method Investments
Income (loss) from equity method investments	$ 45	$ 20	$ 83	$ 76
MUMSS
Equity Method Investments
Income (loss) from equity method investments	$ 71	$ 34	140	91
Dividends declared and paid by Joint Venture			291	594
Dividends received from equity method investment			$ 116	$ 238
Voting interest in joint venture	40.00%		40.00%
MUMSS | MUFG
Equity Method Investments
Voting interest held by noncontrolling interest	60.00%		60.00%

Equity Method Investments (Inve

Equity Method Investments (Investees) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Equity Method Investments
Equity method investment	$ 3,147	$ 3,332

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Billions	Jul. 23, 2015USD ($)	Jul. 20, 2015$ / shares	Apr. 20, 2015$ / shares	Jul. 31, 2015USD ($)	Jun. 30, 2015$ / shares	Jun. 30, 2014$ / shares	Jun. 30, 2015$ / shares	Jun. 30, 2014$ / shares
Subsequent Event
Dividends declared per common share			$ 0.15		$ 0.15	$ 0.1	$ 0.25	$ 0.15
Morgan Stanley Capital Trust VI
Impact on EPS
Capital Securities Interest Rate, Stated Percentage					0.066		0.066
Subsequent Event
Subsequent Event
Dividends declared per common share		$ 0.15
Dividends declared date		Jul. 20, 2015
Dividend payable date		Aug. 14, 2015
Shareholders of record, date		Jul. 31, 2015
Increase in long-term borrowings | $				$ 1.8
Subsequent Event | Subordinated Debt
Subsequent Event
Senior debt issuances | $	$ 3