Morgan Stanley (MS) 10-Q 4 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
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		1,937,024,359

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Investment banking	$ 1,107	$ 1,357
Trading	2,065	3,650
Investments	(34)	266
Commissions and fees	1,055	1,186
Asset management, distribution and administration fees	2,620	2,681
Other	80	171
Total non-interest revenues	6,893	9,311
Interest income	1,747	1,484
Interest expense	848	888
Net interest	899	596
Net revenues	7,792	9,907
Non-interest expenses:
Compensation and benefits	3,683	4,524
Occupancy and equipment	329	342
Brokerage, clearing and exchange fees	465	463
Information processing and communications	442	415
Marketing and business development	134	150
Professional services	514	486
Other	487	672
Total non-interest expenses	6,054	7,052
Income from continuing operations before income taxes	1,738	2,855
Provision for (benefit from) income taxes	578	387
Income from continuing operations	1,160	2,468
Discontinued operations:
Income (loss) from discontinued operations before income taxes	(5)	(8)
Provision for (benefit from) income taxes	(2)	(3)
Income (loss) from discontinued operations	(3)	(5)
Net income	1,157	2,463
Net income applicable to noncontrolling interests	23	69
Net income applicable to Morgan Stanley	1,134	2,394
Preferred stock dividends and other	79	80
Earnings applicable to Morgan Stanley common shareholders	$ 1,055	$ 2,314
Earnings per basic common share:
Income from continuing operations	$ 0.56	$ 1.21
Income (loss) from discontinued operations	0	(0.01)
Earnings per basic common share	0.56	1.2
Earnings per diluted common share:
Income from continuing operations	0.55	1.18
Income (loss) from discontinued operations	0	0
Earnings per diluted common share	0.55	1.18
Dividends declared per common share	$ 0.15	$ 0.1
Average common shares outstanding:
Basic	1,883,141,468	1,924,122,199
Diluted	1,914,840,943	1,962,996,441

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Condensed Consolidated Statements of Comprehensive Income
Net income		$ 1,157	$ 2,463
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	[1]	186	(222)
Change in net unrealized gains (losses) on available for sale securities	[2]	395	200
Pension, postretirement and other		1	2
Change in net debt valuation adjustments	[3]	203	0
Total other comprehensive income (loss)		785	(20)
Comprehensive income		1,942	2,443
Net income applicable to noncontrolling interests		23	69
Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests		55	(2)
Comprehensive income applicable to Morgan Stanley		1,864	2,376
Parenthetical Disclosures
Foreign currency translation adjustments, provision for (benefit from) income taxes		(115)	174
Change in net unrealized gains (losses) on securities available for sale, provision for (benefit from) income taxes		$ 230	$ 121
[1]	Amounts include Provision for (benefit from) income taxes of $ (115) million and $ 174 million.
[2]	Amounts include Provision for (benefit from) income taxes of $ 230 million and $ 121 million.
[3]	Debt valuation adjustments (“DVA”) represent the change in the fair value resulting from fluctuations in the Company’s credit spreads and other credit factors related to liabilities carried at fair value, primarily certain Long-term and Short-term borrowings. Amounts include Provision for ( benefit from) income taxes of $120 million . See Notes 2 and 14 for further information.

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 22,797	$ 19,827
Interest bearing deposits with banks	30,841	34,256
Trading assets, at fair value ($130,582 and $127,627 were pledged to various parties)	234,150	228,280
Investment securities (includes $68,167 and $66,759 at fair value)	77,592	71,983
Securities received as collateral, at fair value	8,813	11,225
Securities purchased under agreements to resell (includes $555 and $806 at fair value)	98,774	87,657
Securities borrowed	140,413	142,416
Customer and other receivables	44,762	45,407
Loans
Held for investment (net of allowances of $330 and $225)	75,566	72,559
Held for sale	13,236	13,200
Goodwill	6,586	6,584
Intangible assets (net of accumulated amortization of $2,204 and $2,130) (includes $4 and $5 at fair value)	2,909	2,984
Other assets	51,058	51,087
Total assets	807,497	787,465
Liabilities
Deposits (includes $647 and $125 at fair value)	157,591	156,034
Short-term borrowings (includes $697 and $1,648 at fair value)	1,109	2,173
Trading liabilities, at fair value	115,766	109,139
Obligation to return securities received as collateral, at fair value	17,984	19,316
Securities sold under agreements to repurchase (includes $693 and $683 at fair value)	41,305	36,692
Securities loaned	17,140	19,358
Other secured financings (includes $2,623 and $2,854 at fair value)	9,316	9,464
Customer and other payables	194,003	186,626
Other liabilities and accrued expenses	13,304	18,711
Long-term borrowings (includes $36,008 and $33,045 at fair value)	162,804	153,768
Total liabilities	$ 730,322	$ 711,281
Commitments and contingent liabilities
Morgan Stanley shareholders' equity:
Preferred stock	$ 7,520	$ 7,520
Common stock, $0.01 par value: Shares authorized: 3,500,000,000; Shares issued: 2,038,893,979; Shares outstanding: 1,938,294,368 and 1,920,024,027	20	20
Additional Paid-in capital	22,526	24,153
Retained earnings	50,272	49,204
Employee stock trusts	2,861	2,409
Accumulated other comprehensive loss	(1,238)	(1,656)
Common stock held in treasury, at cost, $0.01 par value (100,599,611 and 118,869,952 shares)	(3,090)	(4,059)
Common stock issued to employee trusts	(2,861)	(2,409)
Total Morgan Stanley shareholders' equity	76,010	75,182
Noncontrolling interests	1,165	1,002
Total equity	77,175	76,184
Total liabilities and equity	$ 807,497	$ 787,465

Consolidated Statements of Fin5

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Condensed Consolidated Statements of Financial Condition
Trading assets pledged to various parties	$ 130,582	$ 127,627
Total AFS securities, fair value	68,167	66,759
Securities purchased under agreement to resell, fair value	555	806
Allowances, loans	330	225
Intangible assets, accumulated amortization	2,204	2,130
Intangible assets, fair value	4	5
Deposits, fair value	647	125
Short-term borrowings, fair value	697	1,648
Securities sold under agreement to repurchase, fair value	693	683
Other secured financings, fair value	2,623	2,854
Long-term borrowings, fair value	$ 36,008	$ 33,045
Common stock par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	3,500,000,000	3,500,000,000
Common stock, shares issued	2,038,893,979	2,038,893,979
Common stock, shares outstanding	1,938,294,368	1,920,024,027
Common stock held in treasury, shares	100,599,611	118,869,952

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-controlling Interests	Non-controlling InterestsPreviously accounting guidance
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		2,394				2,394
Net income applicable to noncontrolling interests		69									69
Dividends		(279)				(279)
Shares issued under employee plans and related tax effects		511			(887)		304		1,398	(304)
Repurchases of common stock and employee tax withholdings		(839)							(839)
Net change in Accumulated other comprehensive income (loss)		(20)						(18)			(2)
Issuance of preferred stock		1,493	1,500		(7)
Other net decreases		33									33
BALANCE AT at Mar. 31, 2015		75,466	7,520	20	23,355	46,740	2,431	(1,266)	(2,207)	(2,431)	1,304
BALANCE AT at Dec. 31, 2015		76,184	7,520	20	24,153	49,204	2,409	(1,656)	(4,059)	(2,409)	1,002
Cumulative adjustment for accounting change related to DVA | Accounting standard early adoption	[1]	0				312		(312)
Net adjustment for accounting change related to consolidation | Accounting standard early adoption	[2]	106										$ 106
Net income applicable to Morgan Stanley		1,134				1,134
Net income applicable to noncontrolling interests		23									23
Dividends		(378)				(378)
Shares issued under employee plans and related tax effects		318			(1,627)		452		1,945	(452)
Repurchases of common stock and employee tax withholdings		(976)							(976)
Net change in Accumulated other comprehensive income (loss)		785						730			55
Other net decreases		(21)									(21)
BALANCE AT at Mar. 31, 2016		$ 77,175	$ 7,520	$ 20	$ 22,526	$ 50,272	$ 2,861	$ (1,238)	$ (3,090)	$ (2,861)	$ 1,165
[1]	In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , a cumulative catch up adjustment was recorded as of January 1, 2016 to move the cumulative DVA amount, net of noncontrolling interest and tax, related to outstanding liabilities under the fair value option election from Retained earnings into Accumulated other comprehensive income (loss) (“AOCI”). See Notes 2 and 14 for further information.
[2]	In accordance with the accounting update Amendments to the Consolidation Analysis , a net adjustment was recorded as of January 1, 2016 to consolidate or dec onsolidate certain entities under the new guidance . See Note 2 for further information.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,157	$ 2,463
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from equity method investments	(15)	(38)
Compensation payable in common stock and options	217	295
Depreciation and amortization	415	321
Net gain on sale of available for sale securities	(12)	(25)
Impairment charges	8	21
Provision for credit losses on lending activities	128	63
Other operating adjustments	93	56
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	5,814	11,414
Securities borrowed	2,003	(13,657)
Securities loaned	(2,218)	308
Customer and other receivables and other assets	899	(5,990)
Customer and other payables and other liabilities	2,153	8,052
Securities purchased under agreements to resell	(11,117)	(7,944)
Securities sold under agreements to repurchase	4,613	(8,394)
Net cash provided by (used for) operating activities	4,138	(13,055)
Proceeds from (payments for):
Other assets - Premises, equipment and software net	(315)	(320)
Loans
Changes in loans, net	(3,505)	(2,666)
Investment securities:
Purchases	(15,211)	(15,067)
Proceeds from sales	8,515	13,810
Proceeds from paydowns and maturities	1,536	1,290
Other investing activities	(136)	48
Net cash used for investing activities	(9,116)	(2,905)
Net proceeds from (payments for):
Short-term borrowings	(1,064)	618
Noncontrolling interests	(5)	(2)
Other secured financings	(329)	399
Deposits	1,557	2,271
Proceeds from:
Excess tax benefits associated with stock-based awards	39	173
Derivatives financing activities	0	226
Proceeds from preferred stock offering	0	1,493
Issuance of long-term borrowings	13,183	11,339
Payments for:
Long-term borrowings	(7,961)	(5,334)
Derivatives financing activities	(120)	(83)
Repurchases of common stock and employee tax withholdings	(976)	(839)
Cash dividends	(436)	(310)
Net cash provided by (used for) financing activities	3,888	9,951
Effect of exchange rate changes on cash and cash equivalents	645	(682)
Net increase (decrease) in cash and cash equivalents	(445)	(6,691)
Cash and cash equivalents, at beginning of period	54,083	46,984
Cash and cash equivalents, at end of period	53,638	40,293
Cash and cash equivalents include:
Cash and due from banks	22,797	19,683
Interest bearing deposits with banks	30,841	20,610
Cash and cash equivalents, at end of period	53,638	40,293
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	613	580
Cash payments for income taxes, net of refunds	$ 122	$ 119

Introduction and Basis of Prese

Introduction and Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Introduction and Basis of Presentation
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 ot herwise requires, the terms “Morgan Stanley” or the “Company” mean Morgan Stanley (the “Parent”) together with its consolidated subsidiaries. For a description of the clients and principal products and services of each of the Company’s business 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, 2015 (the “2015 Form 10-K”). Basis of Financial Information. The 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 that affect its condensed consolidated financial statements and related disclosures. The Company believes that the est imates 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 accompanying c ondensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the 2015 Form 10-K. Certain footnote disclosures included in the 2015 Form 10-K have been condensed or omitted from the condensed consolidated financial statements as they are not required for interim reporting under U.S. GAAP. The condensed consolidated financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion o f 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 12). For consolidated subsidiarie s 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 nonco ntrolling interests in the 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 noncontrolling interests, a component of total equity, in the condensed consolidated balance sheet. For a discussion of the Company’s VIEs and its significant regulated U.S. and international subsidiaries, see Notes 1 and 2 to the consolidated financial statements in the 2015 Form 10-K. See also Note 2 herein. Condensed Consolidated Statements of Income Presentation. The Company, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients. In connection with the delivery of these various products and services, the Company manages its revenues and related expenses in the aggregate. As such, when assessing the performance of its businesses, primarily in the 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 activity. Condensed Consolidated Statements of Cash Flows Presentation. The adoption of the accounting update, Amendments to the Consolidation Analysis (see Note 2), resulted in a net noncash increase in total assets of $ 126 million.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Summary of Significant Accounting Policies
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 2015 Form 10-K. During the quarter ended March 31, 2016 , other than the following, there were no significant updates made to the Company’s significant accounting policies. Accounting Standards Adopted. The Company adopted the following accounting updates as of January 1, 2016 . Recognition and Measurement of Financial Assets and Financial Liabiliti es. In January 2016, the Financial Accounting Standards Board (the “FASB”) issued an accounting update that changes the requirements for the recognition and measurement of financial assets and financial liabilities. The Company early adopted the provision in this guidance relating to liabilities measured at fair value pursuant to a fair value option election that requires pres enting unrealized DVA in Other c omprehensive income (loss) (“OCI”), a change from the previous requirement to present DVA in net inc ome. Realized DVA amounts will be recycled from AOCI to Trading revenues. Prior period DVA amounts remain in Trading revenues as previously reported. A cumulative catch up adjustment, net of noncontrolling interests and tax, of $ 312 million was recorded as of January 1, 2016 to move the cumulative DVA loss amount from Retained earnings into AOCI. Other provisions of this rule may not be early adopted and will be e ffective January 1, 2018 , and are not expected to have a material impact on the condensed consolidated financial statements . Amendments to the Consolidation Analysis. In February 2015, the FASB issued an accounting update that provides a new consolidation model for certain entities, such as investment funds and limited partnerships. The ado ption on January 1, 2016, increased total assets by $ 131 million, reflecting consolidations of $ 206 million net of deconsolidations of $ 75 million. The consolidations resulted primarily from certain merchant banking funds in Investment Management where the Company acts as a general partner. Simplifying the Presentation of Debt Issuance Costs. In April 2015, the FASB issued an accounting update that requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. This guidance became effective for the Company beginning January 1, 2016 and did not have a material impact in the condensed consolidated financial statements. The Company adopted the following accounting updates as of January 1, 2016 , which did not have an impact in the condensed consolidated financial statements . Simplifying the Accounting for Measurement-Period Adjustments. Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. Measuring the Fina ncial Assets and Financial Liabilities of a Consolidated Collateralized Financing Entity. Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures
Fair Value Disclosures	3. Fair Value s. 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 3 to the consolidated financial statements in the 2015 Form 10-K. During the quarter ended March 31, 2016, there were no significant updates made to the Company’s valuation techniques. Assets and Liabilities Measured at Fair Value on a Recurring Basis. Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting Balance at March 31, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 23,545 $ — $ — $ — $ 23,545 U.S. agency securities 1,004 20,662 8 — 21,674 Total U.S. government and agency securities 24,549 20,662 8 — 45,219 Other sovereign government obligations 15,835 8,232 8 — 24,075 Corporate and other debt: State and municipal securities — 1,832 5 — 1,837 Residential mortgage-backed securities — 1,337 292 — 1,629 Commercial mortgage-backed securities — 1,029 59 — 1,088 Asset-backed securities — 335 4 — 339 Corporate bonds — 9,955 224 — 10,179 Collateralized debt and loan obligations — 295 348 — 643 Loans and lending commitments(1) — 3,640 6,185 — 9,825 Other debt — 1,358 527 — 1,885 Total corporate and other debt — 19,781 7,644 — 27,425 Corporate equities(2) 95,676 366 430 — 96,472 Derivative and other contracts: Interest rate contracts 507 424,488 1,170 — 426,165 Credit contracts — 19,563 738 — 20,301 Foreign exchange contracts 77 73,019 224 — 73,320 Equity contracts 768 43,027 735 — 44,530 Commodity contracts 2,925 10,648 4,045 — 17,618 Other — 19 — — 19 Netting(3) (3,517) (477,187) (3,606) (61,800) (546,110) Total derivative and other contracts 760 93,577 3,306 (61,800) 35,843 Investments(4): Principal investments 22 20 743 — 785 Other 166 324 179 — 669 Total investments 188 344 922 — 1,454 Physical commodities — 274 — — 274 Total trading assets(4) 137,008 143,236 12,318 (61,800) 230,762 AFS securities 32,731 35,436 — — 68,167 Securities received as collateral 8,811 2 — — 8,813 Securities purchased under agreements to resell — 555 — — 555 Intangible assets — — 4 — 4 Total assets measured at fair value $ 178,550 $ 179,229 $ 12,322 $ (61,800) $ 308,301 Liabilities at Fair Value Deposits $ — $ 624 $ 23 $ — $ 647 Short-term borrowings — 697 — — 697 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 10,553 — — — 10,553 U.S. agency securities 304 162 — — 466 Total U.S. government and agency securities 10,857 162 — — 11,019 Other sovereign government obligations 12,961 3,554 — — 16,515 Corporate and other debt: Corporate bonds — 6,517 6 — 6,523 Lending commitments — 2 1 — 3 Other debt — 31 4 — 35 Total corporate and other debt — 6,550 11 — 6,561 Corporate equities(2) 48,183 60 31 — 48,274 Derivative and other contracts: Interest rate contracts 655 397,394 1,001 — 399,050 Credit contracts — 19,806 1,461 — 21,267 Foreign exchange contracts 49 76,895 98 — 77,042 Equity contracts 487 44,825 2,567 — 47,879 Commodity contracts 2,493 9,401 2,845 — 14,739 Other — 116 — — 116 Netting(3) (3,517) (477,187) (3,606) (42,386) (526,696) Total derivative and other contracts 167 71,250 4,366 (42,386) 33,397 Total trading liabilities 72,168 81,576 4,408 (42,386) 115,766 Obligation to return securities received as collateral 17,980 3 1 — 17,984 Securities sold under agreements to repurchase — 542 151 — 693 Other secured financings — 2,169 454 — 2,623 Long-term borrowings — 34,210 1,798 — 36,008 Total liabilities measured at fair value $ 90,148 $ 119,821 $ 6,835 $ (42,386) $ 174,418 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting Balance at December 31, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 17,658 $ — $ — $ — $ 17,658 U.S. agency securities 797 17,886 — — 18,683 Total U.S. government and agency securities 18,455 17,886 — — 36,341 Other sovereign government obligations 13,559 7,400 4 — 20,963 Corporate and other debt: State and municipal securities — 1,651 19 — 1,670 Residential mortgage-backed securities — 1,456 341 — 1,797 Commercial mortgage-backed securities — 1,520 72 — 1,592 Asset-backed securities — 494 25 — 519 Corporate bonds — 9,959 267 — 10,226 Collateralized debt and loan obligations — 284 430 — 714 Loans and lending commitments(1) — 4,682 5,936 — 10,618 Other debt — 2,263 448 — 2,711 Total corporate and other debt — 22,309 7,538 — 29,847 Corporate equities(2) 106,296 379 433 — 107,108 Derivative and other contracts: Interest rate contracts 406 323,586 2,052 — 326,044 Credit contracts — 22,258 661 — 22,919 Foreign exchange contracts 55 64,608 292 — 64,955 Equity contracts 653 38,552 1,084 — 40,289 Commodity contracts 3,140 10,654 3,358 — 17,152 Other — 219 — — 219 Netting(3) (3,840) (380,443) (3,120) (55,562) (442,965) Total derivative and other contracts 414 79,434 4,327 (55,562) 28,613 Investments(4): Principal investments 20 44 486 — 550 Other 163 310 221 — 694 Total investments 183 354 707 — 1,244 Physical commodities — 321 — — 321 Total trading assets(4) 138,907 128,083 13,009 (55,562) 224,437 AFS securities 34,351 32,408 — — 66,759 Securities received as collateral 11,221 3 1 — 11,225 Securities purchased under agreements to resell — 806 — — 806 Intangible assets — — 5 — 5 Total assets measured at fair value $ 184,479 $ 161,300 $ 13,015 $ (55,562) $ 303,232 Liabilities at Fair Value Deposits $ — $ 106 $ 19 $ — $ 125 Short-term borrowings — 1,647 1 — 1,648 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 12,932 — — — 12,932 U.S. agency securities 854 127 — — 981 Total U.S. government and agency securities 13,786 127 — — 13,913 Other sovereign government obligations 10,970 2,558 — — 13,528 Corporate and other debt: Commercial mortgage-backed securities — 2 — — 2 Corporate bonds — 5,035 — — 5,035 Lending commitments — 3 — — 3 Other debt — 5 4 — 9 Total corporate and other debt — 5,045 4 — 5,049 Corporate equities(2) 47,123 35 17 — 47,175 Derivative and other contracts: Interest rate contracts 466 305,151 1,792 — 307,409 Credit contracts — 22,160 1,505 — 23,665 Foreign exchange contracts 22 65,177 151 — 65,350 Equity contracts 570 42,447 3,115 — 46,132 Commodity contracts 3,012 9,431 2,308 — 14,751 Other — 43 — — 43 Netting(3) (3,840) (380,443) (3,120) (40,473) (427,876) Total derivative and other contracts 230 63,966 5,751 (40,473) 29,474 Total trading liabilities 72,109 71,731 5,772 (40,473) 109,139 Obligation to return securities received as collateral 19,312 3 1 — 19,316 Securities sold under agreements to repurchase — 532 151 — 683 Other secured financings — 2,393 461 — 2,854 Long-term borrowings — 31,058 1,987 — 33,045 Total liabilities measured at fair value $ 91,421 $ 107,470 $ 8,392 $ (40,473) $ 166,810 _____________ AFS—Available for sale (1) At March 31, 2016 , Loans and lending commitments h eld at fair value consisted of $ 7,455 million of corporate loans, $ 1,727 million of res idential real estate loans and $ 643 million of wholesale real estate loans. At December 31, 2015, Loans and lending commitments held at fair value consisted of $ 7,286 million of corporate loans, $ 1,885 million of residential real estate loan s and $ 1,447 million of wholesale real estate loans. (2) For trading purposes, the Company holds or sells short equity securities issued by entities in diverse industries and of varying sizes. (3) For positions with the same counterparty that cross ov er 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 cl assified within the same level is included within that shared level. For further information on derivative instruments and hedging activities, see Note 4. (4 ) Amounts exclude c ertain investments that are measured at fair value using the net asset v alue (“NAV”) per share, which are not classified in the fair value hierarchy. At March 31, 2016 and December 31, 2015, the fair value of these investments was $ 3,388 million and $ 3,843 million, respectively. For additional disclosu re about such investments, see “Fair Value of Investments Measured at Net Asset Value” herein. Changes in Level 3 Assets and Liabilities 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 ended March 31, 2016 and 2015 , respectively . 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 b elow do not reflect the related 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 dete rmine the fair value of positions 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 cha nges in fair value during the period that were attributable to both observable and unobservable inputs. Roll-forward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis. Beginning Balance at December 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at March 31, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at March 31, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ 5 $ — $ — $ — $ — $ 3 $ 8 $ 5 Other sovereign government obligations 4 — — (2) — — 6 8 — Corporate and other debt: State and municipal securities 19 — — (15) — — 1 5 — Residential mortgage-backed securities 341 (24) 19 (67) — — 23 292 (17) Commercial mortgage-backed securities 72 (9) — (15) — — 11 59 (9) Asset-backed securities 25 (1) 1 (17) — — (4) 4 — Corporate bonds 267 44 17 (98) — — (6) 224 28 Collateralized debt and loan obligations 430 (14) 114 (113) — — (69) 348 (4) Loans and lending commitments 5,936 (60) 952 (319) — (351) 27 6,185 (64) Other debt 448 5 75 (9) — — 8 527 5 Total corporate and other debt 7,538 (59) 1,178 (653) — (351) (9) 7,644 (61) Corporate equities 433 11 78 (44) — — (48) 430 6 Net derivative and other contracts(2): Interest rate contracts 260 470 5 — (14) (30) (522) 169 411 Credit contracts (844) 28 — — — 67 26 (723) 24 Foreign exchange contracts 141 (61) — — — (105) 151 126 (38) Equity contracts(3) (2,031) (135) 137 — (128) 294 31 (1,832) (12) Commodity contracts 1,050 73 9 — (61) (57) 186 1,200 68 Total net derivative and other contracts (1,424) 375 151 — (203) 169 (128) (1,060) 453 Investments: Principal investments 486 (43) 365 (29) — (41) 5 743 (43) Other 221 12 — (25) — — (29) 179 12 Total investments 707 (31) 365 (54) — (41) (24) 922 (31) Securities received as collateral 1 — — (1) — — — — — Intangible assets 5 — — (1) — — — 4 (1) Liabilities at Fair Value Deposits $ 19 $ (2) $ — $ — $ 2 $ — $ — $ 23 $ (2) Short-term borrowings 1 — — — — (1) — — — Trading liabilities: Corporate and other debt: Corporate bonds — (4) (2) 9 — — (5) 6 (4) Lending commitments — (1) — — — — — 1 (1) Other debt 4 7 — 7 — — — 4 7 Total corporate and other debt 4 2 (2) 16 — — (5) 11 2 Corporate equities 17 (4) (15) 13 — — 12 31 (4) Obligation to return securities received as collateral 1 — — — — — — 1 — Securities sold under agreements to repurchase 151 — — — — — — 151 — Other secured financings 461 (18) — — 47 (22) (50) 454 (18) Long-term borrowings 1,987 (46) — — 72 (79) (228) 1,798 (45) Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at March 31, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at March 31, 2015 (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 41 $ 1 $ 2 $ (32) $ — $ — $ (1) $ 11 $ 1 Corporate and other debt: Residential mortgage-backed securities 175 17 58 (40) — — 86 296 12 Commercial mortgage-backed securities 96 (2) 96 (10) — — — 180 (2) Asset-backed securities 76 (2) 57 (29) — — (35) 67 3 Corporate bonds 386 38 129 (141) — — 12 424 38 Collateralized debt and loan obligations 1,152 79 241 (397) — (253) — 822 2 Loans and lending commitments 5,874 41 914 (213) — (1,807) (20) 4,789 40 Other debt 285 (10) 68 (1) — (5) 149 486 2 Total corporate and other debt 8,044 161 1,563 (831) — (2,065) 192 7,064 95 Corporate equities 272 19 30 (98) — — 7 230 12 Net derivative and other contracts(2): Interest rate contracts (173) 128 6 — (11) 65 (511) (496) 119 Credit contracts (743) (247) 14 — (30) 7 15 (984) (252) Foreign exchange contracts 151 62 — — — 97 (13) 297 62 Equity contracts(3) (2,165) (273) 33 — (176) (54) 163 (2,472) (324) Commodity contracts 1,146 295 — — — (37) (59) 1,345 262 Total net derivative and other contracts (1,784) (35) 53 — (217) 78 (405) (2,310) (133) Investments: Principal investments 835 17 11 (34) — — — 829 9 Other 323 (12) 2 (5) — — 83 391 (10) Total investments 1,158 5 13 (39) — — 83 1,220 (1) Securities received as collateral — — 33 — — — — 33 — Intangible assets 6 — — — — (1) — 5 — Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (4) $ (1) $ 8 $ — $ — $ (66) $ 23 $ (4) Lending commitments 5 5 — — — — — — 5 Other debt 38 6 (11) 5 — — (3) 23 6 Total corporate and other debt 121 7 (12) 13 — — (69) 46 7 Corporate equities 45 1 — 7 — — (1) 50 1 Obligation to return securities received as collateral — — — 33 — — — 33 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (8) — — — (24) — 133 1 Long-term borrowings 1,934 17 — — 115 (142) (152) 1,738 10 ___________ (1) Loan originations and consolidations of VIEs are included in purchases. (2) Net derivative and other contracts 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 4 . (3) Net liability Level 3 derivative equity contracts 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. Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements. The disclosures below provide information on the valuation techniques, significant unobservabl e 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 range 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. The following disclosures also include qualitative information on the sensitivity of the fair value measurements to changes in the significant unobservable inputs . Recurring Level 3 Fair Value Measurements Valuation Techniques and Sensitivity of Unobservable Inputs. Balance at March 31, 2016 Valuation 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 at Fair Value Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 292 Comparable pricing: Comparable bond price / (A) 0 to 79 points 27 points Commercial mortgage-backed securities 59 Comparable pricing: Comparable bond price / (A) 0 to 9 points 1 point Corporate bonds 224 Comparable pricing(3): Comparable bond price / (A) 3 to 118 points 63 points Comparable pricing: EBITDA multiple / (A) 5 to 10 times 7 times Collateralized debt and loan obligations 348 Comparable pricing(3): Comparable bond price / (A) 55 to 100 points 66 points Correlation model: Credit correlation / (B) 27% to 60% 37% Loans and lending commitments 6,185 Corporate loan model: Credit spread / (C) 323 to 989 bps 581 bps Margin loan model(3): Credit spread / (C)(D) 30 to 101 bps 74 bps Volatility skew / (C)(D) 19% to 53% 29% Discount rate / (C)(D) 1% to 9% 2% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 38 to 100 points 90 points Expected recovery: Asset coverage / (A) 48% to 100% 91% Discounted cash flow: Implied weighted average cost of capital / (C)(D) 6% to 7% 7% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 527 Comparable pricing: Comparable loan price / (A) 4 to 87 points 65 points Comparable pricing: Comparable bond price / (A) 7 points 7 points Option model: At the money volatility / (C) 16% to 53% 53% Margin loan model(3): Discount rate / (C) 1% to 2% 2% Corporate equities 430 Comparable pricing: Comparable price / (A) 46% to 59% 54% Comparable pricing(3): Comparable equity price / (A) 100% 100% Net derivative and other contracts(4): Interest rate contracts 169 Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 2 times 2 times Interest rate - Foreign exchange correlation / (C)(D) 25% to 56% 42% / 43% (5) Interest rate volatility skew / (A)(D) 31% to 116% 66% / 66% (5) Interest rate quanto correlation / (A)(D) -9% to 35% 5% / -7% (5) Interest rate curve correlation / (C)(D) 27% to 96% 69% / 75% (5) Inflation volatility / (A)(D) 58% to 60% 59% / 59% (5) Interest rate - Inflation correlation / (A)(D) -40% to 42% -41% / -41% (5) Credit contracts (723) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 10 points Comparable bond price / (C)(D) 0 to 75 points 24 points Correlation model(3): Credit correlation / (B) 29% to 90% 42% Foreign exchange contracts(6) 126 Option model: Interest rate - Foreign exchange correlation / (C)(D) 25% to 56% 42% / 43% (5) Foreign exchange volatility skew / (C)(D) -11% to 4% 0% / 0% (5) Interest rate volatility skew / (A)(D) 31% to 116% 66% / 66% (5) Interest rate curve / (A)(D) 0% 0% / 0% (5) Equity contracts(6) (1,832) Option model: At the money volatility / (A)(D) 7% to 86% 33% Volatility skew / (C)(D) -5% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 97% 78% Equity - Foreign exchange correlation / (C)(D) -60% to -21% -36% Equity - Interest rate correlation / (C)(D) -29% to 50% 17% / 8% (5) Commodity contracts 1,200 Option model: Forward power price / (C)(D) $1 to $93 per $31 per megawatt hour megawatt hour Commodity volatility / (A)(D) 7% to 55% 17% Cross commodity correlation / (C)(D) 43% to 99% 93% Investments: Principal investments 743 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 12% to 17% 14% Exit multiple / (A)(D) 8 to 14 times 8 times Market approach(3): EBITDA multiple / (A)(D) 6 to 26 times 11 times Forward capacity price / (A)(D) $5 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 81% Other 179 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 9% 9% Exit multiple / (A)(D) 13 times 13 times Market approach: EBITDA multiple / (A)(D) 6 to 14 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase 151 Discounted cash flow: Funding spread / (A) 104 to 130 bps 120 bps Other secured financings 454 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% to 14% 5% Discounted cash flow: Funding spread / (A) 94 to 130 bps 112 bps Long-term borrowings 1,798 Option model(3): At the money volatility / (C)(D) 6% to 55% 28% Volatility skew / (C)(D) -2% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 97% 73% Equity - Foreign exchange correlation / (A)(D) -60% to -13% -28% Option model: Interest rate volatility skew / (A)(D) 25% to 50% 38% Equity volatility discount / (C)(D) 10% to 20% 15% Option model: Interest rate - Foreign exchange correlation / (A)(D) 25% to 56% 42% / 43% (5) Correlation model: Credit correlation / (B) 29% to 60% 42% Comparable pricing: Comparable equity price / (A) 100% 100% Valuation Technique(s) / Significant Unobservable Input(s) / Balance at Sensitivity of the Fair Value to Changes December 31, 2015 in the Unobservable Inputs Range(1) Averages(2) (dollars in millions) Assets at Fair Value Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 341 Comparable pricing: Comparable bond price / (A) 0 to 75 points 32 points Commercial mortgage-backed securities 72 Comparable pricing: Comparable bond price / (A) 0 to 9 points 2 point Corporate bonds 267 Comparable pricing(3): Comparable bond price / (A) 3 to 119 points 90 points Comparable pricing: EBITDA multiple / (A) 7 to 9 times 8 times Structured bond model: Discount rate / (C) 15% 15% Collateralized debt and loan obligations 430 Comparable pricing(3): Comparable bond price / (A) 47 to 103 points 67 points Correlation model: Credit correlation / (B) 39% to 60% 49% Loans and lending commitments 5,936 Corporate loan model: Credit spread / (C) 250 to 866 bps 531 bps Margin loan model(3): Credit spread / (C)(D) 62 to 499 bps 145 bps Volatility skew / (C)(D) 14% to 70% 33% Discount rate / (C)(D) 1% to 4% 2% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 35 to 100 points 88 points Discounted cash flow: Implied weighted average cost of capital / (C)(D) 6% to 8% 7% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 448 Comparable pricing: Comparable loan price / (A) 4 to 84 points 59 points Comparable pricing: Comparable bond price / (A) 8 points 8 points Option model: At the money volatility / (C) 16% to 53% 53% Margin loan model(3): Discount rate / (C) 1% 1% Corporate equities 433 Comparable pricing: Comparable price / (A) 50% to 80% 72% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A) 9 times 9 times Net derivative and other contracts(4): Interest rate contracts 260 Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% 43% / 43%(5) Interest rate volatility skew / (A)(D) 29% to 82% 43% / 40%(5) Interest rate quanto correlation / (A)(D) -8% to 36% 5% / -6%(5) Interest rate curve correlation / (C)(D) 24% to 95% 60% / 69%(5) Inflation volatility / (A)(D) 58% 58% / 58%(5) Interest rate - Inflation correlation / (A)(D) -41% to -39% -41% / -41%(5) Credit contracts (844) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 9 points Comparable bond price / (C)(D) 0 to 75 points 24 points Correlation model(3): Credit correlation / (B) 39% to 97% 57% Foreign exchange contracts(6) 141 Option model: Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% 43% / 43%(5) Interest rate volatility skew / (A)(D) 29% to 82% 43% / 40 %(5) Interest rate curve / (A)(D) 0% 0% / 0%(5) Equity contracts(6) (2,031) Option model: At the money volatility / (A)(D) 16% to 65% 32% Volatility skew / (A)(D) -3% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 99% 71% Equity - Foreign exchange correlation / (A)(D) -60% to -11% -39% Equity - Interest rate correlation / (C)(D) -29% to 50% 16% / 8%(5) Commodity contracts 1,050 Option model: Forward power price / (C)(D) $3 to $91 per $32 per megawatt hour megawatt hour Commodity volatility / (A)(D) 10% to 92% 18% Cross commodity correlation / (C)(D) 43% to 99% 93% Investments: Principal investments 486 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 16% 16% Exit multiple / (A)(D) 8 to 14 times 9 times Capitalization rate / (C)(D) 5% to 9% 6% Equity discount rate / (C)(D) 20% to 35% 26% Market approach(3): EBITDA multiple / (A)(D) 8 to 20 times 11 times Forward capacity price / (A)(D) $5 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 81% Other 221 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 10% 10% Exit multiple / (A)(D) 13 times 13 times Market approach: EBITDA multiple / (A) 7 to 14 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase $ 151 Discounted cash flow: Funding spread / (A) 86 to 116 bps 105 bps Other secured financings 461 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% to 13% 4% Discounted cash flow: Funding spread / (A) 95 to 113 bps 104 bps Long-term borrowings 1,987 Option model(3): At the money volatility / (C)(D) 20% to 50% 29% Volatility skew / (A)(D) -1% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 97% 77% Equity - Foreign exchange correlation / (C)(D) -70% to -11% -39% Option model: Interest rate volatility skew / (A)(D) 50% 50% Equity volatility discount / (A)(D) 10% 10% Correlation model: Credit correlation / (B) 40% to 60% 52% Comparable pricing: Comparable equity price / (A) 100% 100% ________________ bps—Basis points. EBITDA— Earnings before interest, taxes, depreciation and amortization. (1) The range of significant unobservable inputs is represented in points, percentages, basis points, times or megawatt hours. Points are a percentage of par; for example, 79 points would be 79 % of par. A basis point equals 1/100th of 1%; for example, 989 bps would equal 9.89 % . (2) Amounts represent weighted averages except wh ere simple averages 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, pr incipal investments, 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 a djustments (“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 c urve is unobservable. 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 certain 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 mea surements than a single point weighted average. (6) Includes derivative contracts with multiple risks ( i.e., hybrid products). Sensitivity of the fair value to changes in the unobservable inputs: (A) Significant increase (decrease) in the unobserva ble 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) correlation 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. For a description of the Company’s significant unobservable inputs included in the March 31, 2016 and December 31, 2015 tables above for all major categories of assets and liabilities, see Note 3 to the consolidated financial statements in the 2015 Form 10-K. The following provides a description of an update to significant unobservable inputs included in the 2015 Form 10-K. Asset Coverage — t he ratio of a borrower’s underlying pledged assets less applicable costs relative to t heir outstand ing deb t (while considering the loan’s principal and the seniority and security of the loan commitment). During the quarter ended March 31, 2016 , there were no other significant updates made to the Company’s significant unobservable inputs. Fair Value of In vestments Measured at Net Asset Value. For a description of the Company’s investments in private equity funds, real estate funds and hedge funds measured at fair value based on NAV, see Note 3 to the consolidated financial statements in the 2015 Form 10-K. Investments in Certain Funds Measured at NAV per Share . At March 31, 2016 At December 31, 2015 Fair Value Commitment Fair Value Commitment (dollars in millions) Private equity funds $ 1,768 $ 467 $ 1,917 $ 538 Real estate funds 1,274 113 1,337 128 Hedge funds: Long-short equity hedge funds 193 ─ 422 ─ Fixed income/credit-related hedge funds 52 ─ 71 ─ Event-driven hedge funds 2 ─ 2 ─ Multi-strategy hedge funds 99 4 94 4 Total $ 3,388 $ 584 $ 3,843 $ 670 Private Equity Funds and Real Estate Funds. Investments in these funds generally are not redeemable due to the closed-ended nature of these funds. Instead, distributions from each fund will be received as the underlying investments of the funds are disposed and monetized. Fair Value of Certain Funds by Projected Liquidation Timing . At March 31, 2016 Fund Type Less than 5 years 5-10 years Over 10 years Total (dollars in millions) Private equity funds $ 141 $ 926 $ 701 $ 1,768 Real estate funds 97 708 469 1,274 Hedge Funds. Investments in hedge funds may be subject to initial period lock-up restrictions or gates. A hedge fund lock-up provision is a provision that provides that, during a certain initial period, an investor may not make a withdrawal from the fund. The purpose of a gate is to restrict the level of redemptions that an investor in a particular hedge fund can demand on any redemption date. Fixed income/credit-related hedge funds, event-driven hedge funds and multi-strategy hedge funds are redeem able at least on a three-month period basis , primarily with a notice period of 90 days or less . At March 31, 2016 , approximately 34 % of the fair value amount of long-short equity hedge funds was redeemable at least quarterly, 33 % is redeemable every six months and 33 % of these funds have a redemption frequency of greater than six months. At December 31, 2015 , approximately 3 4 % of the fair value amount of long-short equity hedge funds was redeemable at least quarterly, 51 % is redeemable every six months and 15 % of these funds have a redemption frequency of greater than six months. The notice period for long-short equity hedge funds at March 31, 2016 and December 31, 2015 was pri marily greater than six months. Lock-up Restrictions and Gates by Hedge Fund Type At March 31, 2016 Fair Value Gate Restrictions Remaining Exit Restriction Period (dollars in millions) Long-short equity $ 193 26% Indefinite Fixed income/credit-related 52 73% Indefinite Event-driven 2 N/A N/A Multi-strategy(1) 99 N/A N/A (1) A pproximately 21% of the fair value of multi-strategy investments is subject to lock-up restrictions, which have remaining periods primarily over three years at March 31, 2016 . Fair Value Option. The Company elected the fair value option for certain eligible instruments that are risk managed on a fair value basis to mitigate income statement volatility caused by measuremen t basis differences between the elected instruments and their associated risk management transactions or to eliminate complexities of applying certain accounting models. Impact on Earnings of Transactions Under the Fair Value Option Election . Interest Gains (Losses) Trading Income Included in Revenues (Expense) Net Revenues (dollars in millions) Three Months Ended March 31, 2016 Securities purchased under agreements to resell $ ─ $ 2 $ 2 Deposits(1) (2) ─ (2) Short-term borrowings(1) 45 ─ 45 Securities sold under agreements to repurchase(1) (9) (2) (11) Long-term borrowings(1) (965) (139) (1,104) Three Months Ended March 31, 2015 Securities purchased under agreements to resell $ (1) $ ─ $ (1) Short-term borrowin

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	4. Derivative Instruments and Hedging Activities. The Company trades and makes markets globally in listed futures, over-the-counter (“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, cr edit indices, asset-backed security indices, property indices, mortgage-related and other asset-backed securities, and real estate loan products. For a further discussion of the Company’s derivative instruments and hedging activities , see Note 4 to the con solidated financial statements in the 2015 Form 10-K. Fair Value, Notional and Offsetting of Derivative Instruments. Fair Value, Notional and Offsetting of Derivative Assets and Liabilities . Derivative Assets at March 31, 2016 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,209 $ 2,897 $ — $ 6,106 $ 34,259 $ 57,400 $ — $ 91,659 Foreign exchange contracts 27 — — 27 1,527 — — 1,527 Total derivatives designated as accounting hedges 3,236 2,897 — 6,133 35,786 57,400 — 93,186 Derivatives not designated as accounting hedges(1): Interest rate contracts 273,635 146,182 242 420,059 4,254,497 5,634,287 1,243,384 11,132,168 Credit contracts 16,774 3,527 — 20,301 535,066 157,290 — 692,356 Foreign exchange contracts 72,794 423 76 73,293 1,900,339 14,915 11,542 1,926,796 Equity contracts 21,174 — 23,356 44,530 288,517 — 259,466 547,983 Commodity contracts 13,786 — 3,832 17,618 67,085 — 82,933 150,018 Other 19 — — 19 2,111 — — 2,111 Total derivatives not designated as accounting hedges 398,182 150,132 27,506 575,820 7,047,615 5,806,492 1,597,325 14,451,432 Total gross derivatives(2) $ 401,418 $ 153,029 $ 27,506 $ 581,953 $ 7,083,401 $ 5,863,892 $ 1,597,325 $ 14,544,618 Amounts offset: Counterparty netting (314,379) (149,342) (24,456) (488,177) Cash collateral netting (55,371) (2,562) — (57,933) Total derivative assets at fair value included in Trading assets $ 31,668 $ 1,125 $ 3,050 $ 35,843 Amounts not offset(3): Financial instruments collateral (10,299) — — (10,299) Other cash collateral (13) — — (13) Net exposure $ 21,356 $ 1,125 $ 3,050 $ 25,531 Derivative Liabilities at March 31, 2016 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Foreign exchange contracts $ 364 $ 28 $ — $ 392 $ 8,267 $ 783 $ — $ 9,050 Total derivatives designated as . accounting hedges 364 28 — 392 8,267 783 — 9,050 Derivatives not designated as accounting hedges(1): Interest rate contracts 251,687 147,016 347 399,050 3,943,566 5,517,043 903,713 10,364,322 Credit contracts 17,616 3,651 — 21,267 569,403 144,845 — 714,248 Foreign exchange contracts 76,098 503 49 76,650 1,960,735 15,602 6,107 1,982,444 Equity contracts 23,973 — 23,906 47,879 331,715 — 252,398 584,113 Commodity contracts 11,240 — 3,499 14,739 62,976 — 65,323 128,299 Other 116 — — 116 4,858 — — 4,858 Total derivatives not designated as accounting hedges 380,730 151,170 27,801 559,701 6,873,253 5,677,490 1,227,541 13,778,284 Total gross derivatives(2) $ 381,094 $ 151,198 $ 27,801 $ 560,093 $ 6,881,520 $ 5,678,273 $ 1,227,541 $ 13,787,334 Amounts offset: Counterparty netting (314,379) (149,342) (24,456) (488,177) Cash collateral netting (36,868) (1,651) — (38,519) Total derivative liabilities at fair value included in Trading liabilities $ 29,847 $ 205 $ 3,345 $ 33,397 Amounts not offset(3): Financial instruments collateral (8,368) — (308) (8,676) Other cash collateral (4) (25) — (29) Net exposure $ 21,475 $ 180 $ 3,037 $ 24,692 Derivative Assets at December 31, 2015 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 2,825 $ 1,442 $ — $ 4,267 $ 36,999 $ 35,362 $ — $ 72,361 Foreign exchange contracts 166 1 — 167 5,996 167 — 6,163 Total derivatives designated as accounting hedges 2,991 1,443 — 4,434 42,995 35,529 — 78,524 Derivatives not designated as accounting hedges(4): Interest rate contracts 220,289 101,276 212 321,777 4,348,002 5,748,525 1,218,645 11,315,172 Credit contracts 19,310 3,609 — 22,919 585,731 139,301 — 725,032 Foreign exchange contracts 64,438 295 55 64,788 1,907,290 13,402 7,715 1,928,407 Equity contracts 20,212 — 20,077 40,289 316,770 — 229,859 546,629 Commodity contracts 13,114 — 4,038 17,152 67,449 — 82,313 149,762 Other 219 — — 219 5,684 — — 5,684 Total derivatives not designated as accounting hedges 337,582 105,180 24,382 467,144 7,230,926 5,901,228 1,538,532 14,670,686 Total gross derivatives(2) $ 340,573 $ 106,623 $ 24,382 $ 471,578 $ 7,273,921 $ 5,936,757 $ 1,538,532 $ 14,749,210 Amounts offset: Counterparty netting (265,707) (104,294) (21,592) (391,593) Cash collateral netting (50,335) (1,037) — (51,372) Total derivative assets at fair value included in Trading assets $ 24,531 $ 1,292 $ 2,790 $ 28,613 Amounts not offset(3): Financial instruments collateral (9,190) — — (9,190) Other cash collateral (9) — — (9) Net exposure $ 15,332 $ 1,292 $ 2,790 $ 19,414 Derivative Liabilities at December 31, 2015 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 20 $ 250 $ — $ 270 $ 3,560 $ 9,869 $ — $ 13,429 Foreign exchange contracts 56 6 — 62 4,604 455 — 5,059 Total derivatives designated as accounting hedges 76 256 — 332 8,164 10,324 — 18,488 Derivatives not designated as accounting hedges(4): Interest rate contracts 203,004 103,852 283 307,139 4,030,039 5,682,322 1,077,710 10,790,071 Credit contracts 19,942 3,723 — 23,665 562,027 131,388 — 693,415 Foreign exchange contracts 65,034 232 22 65,288 1,868,015 13,322 2,655 1,883,992 Equity contracts 25,708 — 20,424 46,132 332,734 — 229,266 562,000 Commodity contracts 10,864 — 3,887 14,751 59,169 — 62,974 122,143 Other 43 — — 43 4,114 — — 4,114 Total derivatives not designated as accounting hedges 324,595 107,807 24,616 457,018 6,856,098 5,827,032 1,372,605 14,055,735 Total gross derivatives(2) $ 324,671 $ 108,063 $ 24,616 $ 457,350 $ 6,864,262 $ 5,837,356 $ 1,372,605 $ 14,074,223 Amounts offset: Counterparty netting (265,707) (104,294) (21,592) (391,593) Cash collateral netting (33,332) (2,951) — (36,283) Total derivative liabilities at fair value included in Trading liabilities $ 25,632 $ 818 $ 3,024 $ 29,474 Amounts not offset(3): Financial instruments collateral (5,384) — (405) (5,789) Other cash collateral (5) — — (5) Net exposure $ 20,243 $ 818 $ 2,619 $ 23,680 _____________ (1) Notional amounts include gross notionals related to open long and short futures contracts of $ 967.4 billion and $ 399.2 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 895 million and $ 371 million is included in Customer and other receivables and Customer and other payables, res pectively, in the condensed consolidated balance sheet. (2) Amounts include $ 5.3 billion of derivative assets and $ 5.8 billion of derivative liabilities at March 31, 2016 and $ 4.2 billion of derivative assets and $ 5.2 billion of derivative liabilities at December 31, 2015 , 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 enforceabl e. (3) Amounts relate to master netting agreements and collateral agreements that 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 ac counting guidance. (4) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,009.5 billion and $ 653.0 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 1 ,145 million and $ 437 million is included in Customer and other receivables and Customer and other payables, respectively, in the condensed consolidated balance sheet. For information related to offsetting of certain collateralized transactions, see Not e 6. Gains (Losses) on Fair Value Hedges. Gains (Losses) Recognized in Interest Expense Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Derivatives $ 2,150 $ 758 Borrowings (2,289) (843) Total $ (139) $ (85) Gains (Losses) on Derivatives Designated as Net Investment Hedges. Gains (Losses) Recognized in OCI (effective portion) Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Foreign exchange contracts(1) $ (224) $ 262 ____________ (1) Losses of $ 20 million and $ 44 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the quarters ended March 31, 2016 and 2015 , respectively. Gains (Losses) on Trading Instruments. The table below summarizes gains and losses included in Trading revenues in the condensed consolidated statement s of income from trading activities. These activities include revenues related to d erivative and non-derivative financial instruments. The Company generally utilizes financial instruments across a variety of product types in connection with their market-making and related risk management strategies. Accordingly, the trading revenues pres ented below are not representative of the manner in which the Company manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Gains (Losses) Recognized in Trading Revenues Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Interest rate contracts $ 306 $ 570 Foreign exchange contracts 237 345 Equity security and index contracts(1) 1,330 1,595 Commodity and other contracts(2) (144) 676 Credit contracts 336 339 Subtotal $ 2,065 $ 3,525 Debt valuation adjustments(3) — 125 Total trading revenue $ 2,065 $ 3,650 ____________ (1) Dividend income is included within equity security and index contracts. (2) Other contracts represent contracts not reported as interest rate, foreign exchange, equity security and index or credit contracts. (3) In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , unrealized DVA gains (losses) in the quarter ended March 31, 2016 are recorded within OCI in the c ondensed consolidated statements of comprehensive income. In the quarter ended March 31, 2015, the DVA gains (losses) were recorded within Trading revenues in the condensed consolidated statements of income. See Notes 2 and 14 for further information. OTC Derivative Products—Trading Assets. Counterparty Credit Rating a nd Remaining Maturity of OTC Derivative Assets. Fair Value at March 31, 2016(1) Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral(4) Credit Rating(2) Less than 1 1 - 3 3 - 5 Over 5 (dollars in millions) AAA $ 182 $ 567 $ 1,344 $ 4,683 $ (5,272) $ 1,504 $ 1,425 AA 2,524 1,488 1,750 12,747 (13,148) 5,361 3,045 A 10,143 7,440 4,984 26,567 (38,249) 10,885 7,603 BBB 4,953 4,487 2,246 13,055 (16,119) 8,622 6,426 Non-investment grade 5,065 2,804 1,277 5,024 (7,762) 6,408 3,982 Total $ 22,867 $ 16,786 $ 11,601 $ 62,076 $ (80,550) $ 32,780 $ 22,481 Fair Value at December 31, 2015(1) Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral(4) Credit Rating(2) Less than 1 1-3 3-5 Over 5 (dollars in millions) AAA $ 203 $ 453 $ 827 $ 3,665 $ (4,319) $ 829 $ 715 AA 2,689 2,000 1,876 9,223 (10,981) 4,807 2,361 A 9,748 8,191 4,774 20,918 (34,916) 8,715 5,448 BBB 3,614 4,863 1,948 11,801 (15,086) 7,140 4,934 Non-investment grade 3,982 2,333 1,157 3,567 (6,716) 4,323 3,166 Total $ 20,236 $ 17,840 $ 10,582 $ 49,174 $ (72,018) $ 25,814 $ 16,624 _____________ (1) Fair values shown represent the Company’s net exposure to counterparties related to its OTC derivative products. (2) Obligor credit ratings are determined by the Credit Risk Management Department. (3) Amounts represent the netting of receivable balances with payable balances for the 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 colla teral received is netted on a counterparty basis, provided legal right of offset exists. (4) Fair value is shown, net of collateral received ( primarily cash and U.S. government and agency securities). Credit Risk-Related Contingencies. In connection wi th certain OTC trading agreements, the Company may be required to provide additional collateral or immediately settle any outstanding liability balances with certain counterparties in the event of a credit rating downgrade of the Company. Net Derivative Liabilities and Collateral Posted. The following table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Company has posted collateral in the normal course of business. At March 31, 2016 (dollars in millions) Net derivative liabilities $ 28,798 Collateral posted 24,146 The additional collateral or termination payments that may be called in the event of a future credit rating downgrade vary by contract and can be based on ratings by either or both of Moody’s Investors Service, Inc. (“ Moody’s”) and Standard & Poor’s Ratings Services (“ S&P”) . The table below shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scen arios based on the relevant contractual downgrade triggers. Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade. At March 31, 2016(1) (dollars in millions) One-notch downgrade $ 1,148 Two-notch downgrade 1,496 ________ (1) Amounts include $ 1,666 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 used by the Company to manage the risk of counterparty downgrade s . Credit Derivatives and Other Credit Contracts. The Company enters into credit derivatives, principally through cred it 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 and insurance and other financial institutions. N otional and F air V alue of P rotection S old and P rotection P urchased through C redit D efault S waps . At March 31, 2016 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 402,123 $ 1,055 $ 387,777 $ (1,100) Index and basket credit default swaps 214,815 (39) 181,184 (193) Tranched index and basket credit default swaps 68,229 (1,143) 152,476 2,386 Total $ 685,167 $ (127) $ 721,437 $ 1,093 At December 31, 2015 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 420,806 $ 1,980 $ 405,361 $ (2,079) Index and basket credit default swaps 199,688 (102) 173,936 (82) Tranched index and basket credit default swaps 69,025 (1,093) 149,631 2,122 Total $ 689,519 $ 785 $ 728,928 $ (39) Credit Ratings of Reference Obligation and Maturities of Credit Protection Sold . At March 31, 2016 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1) Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: Investment grade $ 87,072 $ 123,998 $ 57,920 $ 13,162 $ 282,152 $ (1,367) Non-investment grade 41,992 52,389 22,907 2,683 119,971 2,422 Total $ 129,064 $ 176,387 $ 80,827 $ 15,845 $ 402,123 $ 1,055 Index and basket credit default swaps: Investment grade $ 32,276 $ 59,013 $ 45,293 $ 19,020 $ 155,602 $ (1,802) Non-investment grade 53,291 44,154 12,657 17,340 127,442 620 Total $ 85,567 $ 103,167 $ 57,950 $ 36,360 $ 283,044 $ (1,182) Total credit default swaps sold $ 214,631 $ 279,554 $ 138,777 $ 52,205 $ 685,167 $ (127) Other credit contracts 27 44 5 323 399 (2) Total credit derivatives and other credit contracts $ 214,658 $ 279,598 $ 138,782 $ 52,528 $ 685,566 $ (129) At December 31, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1) Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: Investment grade $ 84,543 $ 138,467 $ 63,754 $ 12,906 $ 299,670 $ (1,831) Non-investment grade 38,054 56,261 24,432 2,389 121,136 3,811 Total $ 122,597 $ 194,728 $ 88,186 $ 15,295 $ 420,806 $ 1,980 Index and basket credit default swaps: Investment grade $ 33,507 $ 59,403 $ 45,505 $ 5,327 $ 143,742 $ (1,977) Non-investment grade 52,590 43,899 15,480 13,002 124,971 782 Total $ 86,097 $ 103,302 $ 60,985 $ 18,329 $ 268,713 $ (1,195) Total credit default swaps sold $ 208,694 $ 298,030 $ 149,171 $ 33,624 $ 689,519 $ 785 Other credit contracts 19 107 2 332 460 (24) Total credit derivatives and other credit contracts $ 208,713 $ 298,137 $ 149,173 $ 33,956 $ 689,979 $ 761 _____________ (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting. Purchased Credit Protection with Identical Underlying Reference Obligations. For single name and non-tranched index and basket credit default swaps, the Company has purchased protection with a not ional amount of approximately $ 566.4 billion and $ 577.7 billion at March 31, 2016 and December 31, 2015 , respectively, compared with a not ional amount of approximately $ 614.9 billion and $ 619.5 billion (included in the tables above) at March 31, 2016 and December 31, 2015 , respectively, of credit protection sold with identical un derlying reference obligations. For further information on credit derivatives and o ther credit contracts, see Note 4 to the consolidated financial statements in the 2015 Form 10-K .

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2016
Investment securities
Investment Securities	5. 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 AOC I. AFS and HTM Securities. At March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 31,808 $ 151 $ 1 $ 31,958 U.S. agency securities(1) 21,662 127 35 21,754 Total U.S. government and agency securities 53,470 278 36 53,712 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,154 4 38 2,120 Non-agency 2,164 23 14 2,173 Auto loan asset-backed securities 2,328 2 1 2,329 Corporate bonds 3,930 47 7 3,970 Collateralized loan obligations 502 — 10 492 FFELP student loan asset-backed securities(2) 3,489 — 127 3,362 Total corporate and other debt 14,567 76 197 14,446 Total AFS debt securities 68,037 354 233 68,158 AFS equity securities 15 — 6 9 Total AFS securities 68,052 354 239 68,167 HTM securities: U.S. government securities: U.S. Treasury securities 1,953 10 — 1,963 U.S. agency securities(1) 7,472 44 1 7,515 Total HTM securities 9,425 54 1 9,478 Total Investment securities $ 77,477 $ 408 $ 240 $ 77,645 At December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 31,555 $ 5 $ 143 $ 31,417 U.S. agency securities(1) 21,103 29 156 20,976 Total U.S. government and agency securities 52,658 34 299 52,393 Corporate and other debt: Commercial mortgage-backed securities: Agency 1,906 1 60 1,847 Non-agency 2,220 3 25 2,198 Auto loan asset-backed securities 2,556 — 9 2,547 Corporate bonds 3,780 5 30 3,755 Collateralized loan obligations 502 — 7 495 FFELP student loan asset-backed securities(2) 3,632 — 115 3,517 Total corporate and other debt 14,596 9 246 14,359 Total AFS debt securities 67,254 43 545 66,752 AFS equity securities 15 — 8 7 Total AFS securities 67,269 43 553 66,759 HTM securities: U.S. government securities: U.S. Treasury securities 1,001 — 3 998 U.S. agency securities(1) 4,223 1 34 4,190 Total HTM securities 5,224 1 37 5,188 Total Investment securities $ 72,493 $ 44 $ 590 $ 71,947 ______________ U.S. agency securities consist mainly 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. Investment Securities in an Unrealized Loss Position . At March 31, 2016 Less than 12 Months 12 Months or Longer Total 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 $ 1,812 $ 1 $ — $ — $ 1,812 $ 1 U.S. agency securities 5,385 12 2,518 23 7,903 35 Total U.S. government and agency securities 7,197 13 2,518 23 9,715 36 Corporate and other debt: Commercial mortgage-backed securities: Agency 328 1 1,206 37 1,534 38 Non-agency 440 1 656 13 1,096 14 Auto loan asset-backed securities 1,003 1 227 — 1,230 1 Corporate bonds 461 3 388 4 849 7 Collateralized loan obligations — — 492 10 492 10 FFELP student loan asset-backed securities 1,678 51 1,661 76 3,339 127 Total corporate and other debt 3,910 57 4,630 140 8,540 197 Total AFS debt securities 11,107 70 7,148 163 18,255 233 AFS equity securities 10 6 — — 10 6 Total AFS securities 11,117 76 7,148 163 18,265 239 HTM securities: U.S. government and agency securities: U.S. agency securities 777 1 393 — 1,170 1 Total HTM securities 777 1 393 — 1,170 1 Total Investment securities $ 11,894 $ 77 $ 7,541 $ 163 $ 19,435 $ 240 At December 31, 2015 Less than 12 Months 12 Months or Longer Total 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 $ 25,994 $ 126 $ 2,177 $ 17 $ 28,171 $ 143 U.S. agency securities 14,242 135 639 21 14,881 156 Total U.S. government and agency securities 40,236 261 2,816 38 43,052 299 Corporate and other debt: Commercial mortgage-backed securities: Agency 1,185 44 422 16 1,607 60 Non-agency 1,479 21 305 4 1,784 25 Auto loan asset-backed securities 1,644 7 881 2 2,525 9 Corporate bonds 2,149 19 525 11 2,674 30 Collateralized loan obligations 352 5 143 2 495 7 FFELP student loan asset-backed securities 2,558 79 929 36 3,487 115 Total corporate and other debt 9,367 175 3,205 71 12,572 246 Total AFS debt securities 49,603 436 6,021 109 55,624 545 AFS equity securities 7 8 — — 7 8 Total AFS securities 49,610 444 6,021 109 55,631 553 HTM securities: U.S. government and agency securities: U.S. Treasury securities 898 3 — — 898 3 U.S. agency securities 3,677 34 — — 3,677 34 Total HTM securities 4,575 37 — — 4,575 37 Total Investment securities $ 54,185 $ 481 $ 6,021 $ 109 $ 60,206 $ 590 As discussed in Note 2 to the consolidated financial statements in the 2015 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 Company believes there are no securities in an unrealized loss position that are other-than-temporarily-impaired at March 31, 2016 and December 31, 2015 for the reasons discussed below. For AFS debt securities, the Company does not intend to sell the se curities and is not likely to be required to sell the securities prior to recovery of amortized cost basis. For AFS and HTM debt securities, the securities have not experienced credit losses as the net unrealized losses reported in the table above are prim arily due to higher interest rates since those securities were purchased. Additionally, the Company does not expect to experience a credit loss based on consideration of the relevant information (as discussed in Note 2 to the consolidated financial st atements in the 2015 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 risk of credit loss on securities in an unrealized loss position is considered mi nimal because all of the Company’s agency securities as well as asset-backed securities (“ABS”), commercial mortgage-backed securities (“CMBS”) and collateralized loan obligations (“CLOs”) are highly rated and because corporate bonds are all investment gra de. For AFS equity securities, the Company has the intent and ability to hold these securities for a period of time sufficient to allow for any anticipated recovery in market value. Amortized C ost, Fair Value and Annualized Average Yield of Investm ent Securities by Contractual Maturity Dates. At March 31, 2016 Amortized Cost Fair Value Annualized Average Yield (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 5,194 $ 5,198 0.7% After 1 year through 5 years 25,757 25,885 1.0% After 5 years through 10 years 857 875 1.8% Total 31,808 31,958 U.S. agency securities: After 1 year through 5 years 2,774 2,775 0.5% After 5 years through 10 years 1,534 1,560 1.9% After 10 years 17,354 17,419 1.7% Total 21,662 21,754 Total U.S. government and agency securities 53,470 53,712 1.2% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 102 102 0.8% After 1 year through 5 years 461 461 0.9% After 5 years through 10 years 545 546 1.3% After 10 years 1,046 1,011 1.6% Total 2,154 2,120 Non-agency: After 10 years 2,164 2,173 1.9% Total 2,164 2,173 Auto loan asset-backed securities: Due within 1 year 24 24 0.8% After 1 year through 5 years 2,146 2,146 1.2% After 5 years through 10 years 158 159 1.5% Total 2,328 2,329 Corporate bonds: Due within 1 year 534 535 1.2% After 1 year through 5 years 2,660 2,678 1.7% After 5 years through 10 years 736 757 2.7% Total 3,930 3,970 Collateralized loan obligations: After 5 years through 10 years 502 492 1.5% Total 502 492 FFELP student loan asset-backed securities: After 1 year through 5 years 72 72 0.6% After 5 years through 10 years 756 737 0.9% After 10 years 2,661 2,553 0.9% Total 3,489 3,362 Total corporate and other debt 14,567 14,446 1.4% Total AFS debt securities 68,037 68,158 1.3% AFS equity securities 15 9 ― % Total AFS securities 68,052 68,167 1.3% HTM securities: U.S. government securities: U.S. Treasury securities: Due within 1 year 200 200 0.7% After 1 year through 5 years 1,408 1,418 1.1% After 5 years through 10 years 345 345 1.8% Total 1,953 1,963 U.S. agency securities: After 10 years 7,472 7,515 2.1% Total 7,472 7,515 Total HTM securities 9,425 9,478 1.9% Total Investment securities $ 77,477 $ 77,645 1.3% See Note 10 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS , auto loan ABS , CLO and FFELP student loan ABS . Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities. Three Months Ended March 31, 2016 2015 (dollars in millions) Gross realized gains $ 14 $ 29 Gross realized (losses) (2) (4) Total $ 12 $ 25 Gross realized gains and losses are recognized in Other revenues in the condensed consolidated statements of income.

Collateralized Transactions

Collateralized Transactions	3 Months Ended
	Mar. 31, 2016
Collateralized Transactions
Collateralized Transactions	6. 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 cust omers’ needs and to finance its inventory positions. For further discussion of the Company’s collateralized transactions, see Note 6 to the consolidated financial statements in the 2015 Form 10-K. O ffsetting of Certain Collateralized Transactions. At March 31, 2016 Gross Amounts(1) Amounts Offset Net Amounts Presented Amounts Not Offset(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 159,780 $ (61,006) $ 98,774 $ (96,204) $ 2,570 Securities borrowed 146,262 (5,849) 140,413 (131,872) 8,541 Liabilities Securities sold under agreements to repurchase $ 102,311 $ (61,006) $ 41,305 $ (34,928) $ 6,377 Securities loaned 22,989 (5,849) 17,140 (16,849) 291 At December 31, 2015 Gross Amounts(1) Amounts Offset Net Amounts Presented Amounts Not Offset(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 135,714 $ (48,057) $ 87,657 $ (84,752) $ 2,905 Securities borrowed 147,445 (5,029) 142,416 (134,250) 8,166 Liabilities Securities sold under agreements to repurchase $ 84,749 $ (48,057) $ 36,692 $ (31,604) $ 5,088 Securities loaned 24,387 (5,029) 19,358 (18,881) 477 _____________ (1) Amounts include $ 2.5 billion of Securities purchased under agreements to resell, $ 4.4 billion of Securities borrowed, $ 6.2 billion of Securities sold under agreements to repurchase and $ 0.1 billion of Securities loaned at March 31, 2016 and $2.6 billion of Securities purchased under agreements to resell, $3.0 billion of Securities borrowed and $4 .9 billion of Securities sold under agreements to repurchase at December 31, 2015 , 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 that 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 guidance. For infor mation related to offsetting of derivatives, see Note 4. Secured Financing Transactions—Maturities and Collateral Pledged. Gross Secured Financing Balances by Remaining Contractual Maturity. At March 31, 2016 Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 36,220 $ 18,088 $ 20,689 $ 27,314 $ 102,311 Securities loaned(1) 11,911 866 2,241 7,971 22,989 Gross amount of secured financing included in the above offsetting disclosure $ 48,131 $ 18,954 $ 22,930 $ 35,285 $ 125,300 Obligation to return securities received as collateral 17,984 — — — 17,984 Total $ 66,115 $ 18,954 $ 22,930 $ 35,285 $ 143,284 At December 31, 2015 Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 20,410 $ 25,245 $ 13,221 $ 25,873 $ 84,749 Securities loaned(1) 12,247 478 2,156 9,506 24,387 Gross amount of secured financing included in the above offsetting disclosure $ 32,657 $ 25,723 $ 15,377 $ 35,379 $ 109,136 Obligation to return securities received as collateral 19,316 — — — 19,316 Total $ 51,973 $ 25,723 $ 15,377 $ 35,379 $ 128,452 _____________ (1) Amounts are presented on a gross basis, prior to netting in the condensed consolidated balance sheet . Gross Secured Financing Balances by Class of Collateral Pledged. At March 31, 2016 At December 31, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 42,323 $ 36,609 State and municipal securities 1,151 173 Other sovereign government obligations 31,765 24,820 Asset-backed securities 356 441 Corporate and other debt 6,283 4,020 Corporate equities 19,740 18,473 Other 693 213 Total securities sold under agreements to repurchase $ 102,311 $ 84,749 Securities loaned(1) U.S. government and agency securities $ 34 $ — Other sovereign government obligations 5,907 7,336 Corporate and other debt 91 71 Corporate equities 16,935 16,972 Other 22 8 Total securities loaned $ 22,989 $ 24,387 Gross amount of secured financing included in the above offsetting disclosure $ 125,300 $ 109,136 Obligation to return securities received as collateral Corporate and other debt $ — $ 3 Corporate equities 17,981 19,313 Other 3 — Total obligation to return securities received as collateral $ 17,984 $ 19,316 Total $ 143,284 $ 128,452 _____________ (1) Amo unts are presented on a gross basis, prior to netting in the condensed consolidated balance sheet . Trading Assets Pledged. The Company pledges its trading assets to collateralize repurchase agreements and other 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 condensed consolidated balance sheet . At March 31, 2016 and December 31, 2015 , the carrying value of Trading assets that have been loaned or pledged to counterparties , where those counterparties do not have the right to sell or reple dge the collateral, were $ 41.9 billion and $ 3 5 . 0 billi on, 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 it is the lender. In instances where the Company is permitted to sell or repledge these securities, it reports the fair valu e of the collateral received and the related obligation to return the collateral in its condensed consolidated balance sheet . At March 31, 2016 and December 31, 2015 , the total fair value of financial instruments received as collateral where the Co mpany is permitted to sell or repledge the securities was $ 537.7 billion and $ 522.6 billion, respectively, and the fair value of the portion that had been sold or repledged was $ 415.9 billion and $ 398.1 billion, respectively. Other. The Company also eng ages 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 condensed consolidated balance sheet . Under these agreements and transactions, the Co mpany receives collateral, including U.S. government and agency securities, other sovereign government obligations, corporate and other debt, and corporate equities. Customer receivables generated from margin lending activities are collateralized by custom er-owned securities held by the Company. The Company monitors required margin levels and established credit terms daily and, pursuant to such guidelines, requires customers to deposit additional collateral, or reduce positions, when necessary. At March 31, 2016 and December 31, 2015 , the amounts related to margin lending were approximately $ 24.6 billion and $ 25.3 billion, respectively. For a further discussion of the Company’s margin lending activities, see Note 6 to the consolidate d financial statements in the 2015 Form 10-K. The Company has a dditional secured liabilities. F or further discussion of other secured financings , see Note 10. Cash and Securities Deposited with Clearing Organizations or Segregated. At March 31, 2016 At December 31, 2015 (dollars in millions) Securities(1) $ 18,909 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 31,808 31,469 Total $ 50,717 $ 45,859 _____________ Securities deposited 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 condensed consolidated balance sheet .

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables and Allowance for Credit Losses	7. Loans and Allowance for Credit Losses. Loans. The Company’s loans held for investment are recorded at amortized cost, and its loans held for sale are recorded at the lower of cost or fair value in the condensed consolidated balance sheet . For a further description of these loans, refer to Note 7 to the consolidated financial statements in the 2015 Form 10-K. Loans Held for Investment and Held for Sale. At March 31, 2016 At December 31, 2015 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)(2) (dollars in millions) Corporate loans $ 25,126 $ 12,000 $ 37,126 $ 23,554 $ 11,924 $ 35,478 Consumer loans 22,174 — 22,174 21,528 — 21,528 Residential real estate loans 21,780 99 21,879 20,863 104 20,967 Wholesale real estate loans 6,816 1,137 7,953 6,839 1,172 8,011 Total loans, gross of allowance for loan losses 75,896 13,236 89,132 72,784 13,200 85,984 Allowance for loan losses (330) — (330) (225) — (225) Total loans, net of allowance for loan losses $ 75,566 $ 13,236 $ 88,802 $ 72,559 $ 13,200 $ 85,759 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 9,470 million and $ 9 , 789 million at March 31, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 9,384 million and $ 79,418 million, respectively, at March 31, 2016 and $ 8 , 471 million and $ 77,288 million, respectively, at December 31, 2015 . See Note 3 for further information regarding Loans and lending commitments held at fair value. Cred it Quality. For a further discussion about the Company’s evaluation of credit transactions and monitoring and credit quality indicators , see Note 7 to the consolidated financial statements in the 2015 Form 10-K. Credit Quality Indicators for Loans Held for Investment, Gross of Allowance for Loan Losses, by Product Type. At March 31, 2016 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 23,129 $ 22,174 $ 21,745 $ 6,816 $ 73,864 Special mention 437 — — — 437 Substandard 1,454 — 35 — 1,489 Doubtful 106 — — — 106 Loss — — — — — Total loans $ 25,126 $ 22,174 $ 21,780 $ 6,816 $ 75,896 At December 31, 2015 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 22,040 $ 21,528 $ 20,828 $ 6,839 $ 71,235 Special mention 300 — — — 300 Substandard 1,202 — 35 — 1,237 Doubtful 12 — — — 12 Loss — — — — — Total loans $ 23,554 $ 21,528 $ 20,863 $ 6,839 $ 72,784 Allowance for Credit Losses and Impaired Loans. For factors considered by the Company in determining the allowance for loan losses and impairments, see Notes 2 and 7 to the consolidated financial statements in the 2015 Form 10-K. Impaired and Past Due Loans Held for Investment. At March 31, 2016 At December 31, 2015 Loans by Product Type Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 245 $ — $ 245 $ 39 $ — $ 39 Impaired loans without allowance(1) 382 18 400 89 17 106 Impaired loans unpaid principal balance 636 20 656 130 19 149 Past due 90 days loans and on nonaccrual 1 18 19 1 21 22 (1) At March 31, 2016 and December 31, 2015 , no allowance was outstanding for these loans as the present value of the expected future cash flows (or, alternatively, the observable market price of the loan or the fair value of the collateral held) equaled or exceeded the carrying value. At March 31, 2016 At December 31, 2015 Loans by Region Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 572 $ 23 $ 50 $ 645 $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 19 — — 19 22 — — 22 Allowance for loan losses 261 43 26 330 183 34 8 225 EMEA—Europe, Middle East and Africa. Troubled Debt Restructurings. At March 31, 2016 and December 31, 2015 , the impaired loans and lending commitments within held for investment include TDRs of $ 54.8 million and $ 44.0 million related to loans and $ 22.3 million and $ 34.8 million related to lending commitments, respectively, within corporate loans. At March 31, 2016 and December 31, 2015 , the Company recorded an allowance of $ 8.5 million and $ 5.1 million, respectively, a gainst these TDRs. These restructurings typically include modifications of interest rates, collateral requirements, other loan covenants, and payment extensions. Allowance for Credit Losses on Lending Activities. Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for Loan Losses. Balance at December 31, 2015 $ 166 $ 5 $ 17 $ 37 $ 225 Gross charge-offs — — — — — Gross recoveries — — — — — Net recoveries/(charge-offs) — — — — — Provision for (release of) loan losses(1) 109 (1) 2 2 112 Other(2) (7) — — — (7) Balance at March 31, 2016 $ 268 $ 4 $ 19 $ 39 $ 330 Allowance for Loan Losses by Impairment Methodology. Inherent $ 160 $ 4 $ 19 $ 39 $ 222 Specific 108 — — — 108 Total allowance for loan losses at March 31, 2016 $ 268 $ 4 $ 19 $ 39 $ 330 Loans Evaluated by Impairment Methodology(3). Inherent $ 24,499 $ 22,174 $ 21,762 $ 6,816 $ 75,251 Specific 627 — 18 — 645 Total loans evaluated at March 31, 2016 $ 25,126 $ 22,174 $ 21,780 $ 6,816 $ 75,896 Allowance for Lending Commitments. Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments(4) 15 — — 1 16 Balance at March 31, 2016 $ 195 $ 1 $ — $ 5 $ 201 Allowance for Lending Commitments by Impairment Methodology. Inherent $ 184 $ 1 $ — $ 5 $ 190 Specific 11 — — — 11 Total allowance for lending commitments at March 31, 2016 $ 195 $ 1 $ — $ 5 $ 201 Lending Commitments Evaluated by Impairment Methodology(3). Inherent $ 65,682 $ 5,066 $ 327 $ 380 $ 71,455 Specific 136 — — — 136 Total lending commitments evaluated at March 31, 2016 $ 65,818 $ 5,066 $ 327 $ 380 $ 71,591 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 recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — — — 1 Provision for loan losses(1) 25 — — 1 26 Other(2) (11) — — — (11) Balance at March 31, 2015 $ 133 $ 2 $ 8 $ 22 $ 165 Allowance for Loan Losses by Impairment Methodology. Inherent $ 128 $ 2 $ 8 $ 22 $ 160 Specific 5 — — — 5 Total allowance for loan losses at March 31, 2015 $ 133 $ 2 $ 8 $ 22 $ 165 Loans Evaluated by Impairment Methodology(3). Inherent $ 21,096 $ 17,372 $ 16,833 $ 5,265 $ 60,566 Specific 25 — 20 — 45 Total loan evaluated at March 31, 2015 $ 21,121 $ 17,372 $ 16,853 $ 5,265 $ 60,611 Allowance for Lending Commitments. Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments(4) 36 — — 1 37 Other (1) — — — (1) Balance at March 31, 2015 $ 182 $ — $ — $ 3 $ 185 Allowance for Lending Commitments by Impairment Methodology. Inherent $ 182 $ — $ — $ 3 $ 185 Specific — — — — — Total allowance for lending commitments at March 31, 2015 $ 182 $ — $ — $ 3 $ 185 Lending Commitments Evaluated by Impairment Methodology(3). Inherent $ 70,153 $ 3,875 $ 287 $ 376 $ 74,691 Specific 26 — — — 26 Total lending commitments evaluated at March 31, 2015 $ 70,179 $ 3,875 $ 287 $ 376 $ 74,717 _______________ (1) The Company recorded provisions of $112 million and $26 million for loan losses for the quarters ended March 31, 2016 and 2015, respectively. (2) Amount includes the impact related to the transfer to loans held for sale and foreign currency translation adjustments. (3) Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments. (4) The Company recorded provisions of $16 million and $37 million for commitments for the quarters ended March 31, 2016 and 2015, respectively. Employee Loans. Employee loans are granted primarily in conjunction with a program established in the Wealth Management business segment to retain and recruit certain employees. These loans are recorded in Customer and other receivables in the condensed consolidated balance sheet. These loans are full recourse, generally require periodic payments and have repayment terms ranging from 2 to 12 years. The Company establishes an allo wance for loan amounts it does not consider recoverable, which is recorded in Compensation and benefits expense. At March 31, 2016 , the Company had $ 4,708 million of employee loans, net of an allowance of approximately $ 103 million. At December 31, 2015 , the Company had $ 4,923 million of employee loans, net of an allowance of approximately $ 108 million.

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures
Equity Method Investments	8. Equity Method Investments. Overview . The Company has investments accounted for under the equity method of accounting (see Note 1 to the consolidated financial statements in the 2015 Form 10-K) of $ 3,257 million and $ 3,144 million at March 31, 2016 and December 31, 2015, respectively, included in Other assets—Other investments in the condensed consolidated balance sheet. Income from equity method investments was $ 15 million and $ 38 million for the quarters ended March 31, 2016 and 2015 , respectively, and is included in Other revenues in the condensed consolidated statements of income. Income from equity method investments for the quarters ended March 31, 2016 and 2015 was primarily related to the Company’s 40 % stake in Mitsubishi UFJ Mor gan Stanley Securities Co., Ltd. (“MUMSS”), as described below. Japanese Securities Joint Venture. The Company holds a 40% voting interest (“40% interest”) and Mitsubishi UFJ Financial Group, Inc. (“MUFG”) holds a 60 % voting interest in MUMSS . The Company accounts for its equity method investment in MUMSS within the Institutional Securities business segment. During the quarters ended March 31, 2016 and 2015 , the Company recorded income from its 40% interest in MUMSS of $ 34 million and $ 69 million, respectively, within Other revenues in the condensed co nsolidated st atements of income .

Deposits

Deposits	3 Months Ended
	Mar. 31, 2016
Deposits [Abstract]
Deposits	9. Deposits. Deposits. At March 31, 2016(1) At December 31, 2015(1) (dollars in millions) Savings and demand deposits $ 154,049 $ 153,346 Time deposits(2) 3,542 2,688 Total(3) $ 157,591 $ 156,034 (1 ) Total deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015 were $ 114 billion and $ 113 billion, respectively. Of the total time deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015 , $ 15 million and $ 14 million, respectively, met or exceeded the FDIC insurance limit. (2) Certain time deposit accounts are carried at fair value under the fair value option (see Note 3). (3) The Company’s deposits were primarily held in the U.S. I nterest bearing deposits at March 31, 2016 included $ 154,032 million of savings deposits payable upon demand and $ 3,044 million of time deposits maturing in 2016, $ 456 million of time deposits maturing in 2017 and $ 10 million of time deposits maturin g in 2018.

Long-Term Borrowings and Other

Long-Term Borrowings and Other Secured Financings	3 Months Ended
	Mar. 31, 2016
Components of Other Secured Financings
Long-Term Borrowings and Other Secured Financings	10. Long-Term Borrowings and Other Secured Financings. Long-Term Borrowings. Components of Long-term Borrowings. At March 31, 2016 At December 31, 2015 (dollars in millions) Senior debt $ 149,060 $ 140,494 Subordinated debt 10,895 10,404 Junior subordinated debentures 2,849 2,870 Total $ 162,804 $ 153,768 During the quarter ended March 31, 2016 and 2015 , the Company issued notes with a principal amount of approximately $ 13.2 billion and $ 11.3 billion, respectively, and approximately $ 8.0 billion and $ 5.3 billion, respectively, in aggregate long-term borrowings matured or were retired. The w eighted average maturity of long-term borrowings, based upon stated maturity dates , w as approximately 6.2 years and 6.1 years at March 31, 2016 and December 31, 2015 , respectively. Other Secured Financings. 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 prim ary beneficiary, pledged commodities, certain equity-linked notes and other secured borrowings. These liabilities are generally payable from the cash flows of the related assets accounted fo r as Trading assets . See Note 12 for further i nformation on Other secured financings related to VIEs and securitization activities. Components of Other Secured Financings. At March 31, 2016 At December 31, 2015 (dollars in millions) Secured financings with original maturities greater than one year $ 7,551 $ 7,629 Secured financings with original maturities one year or less 1,373 1,435 Failed sales(1) 392 400 Total $ 9,316 $ 9,464 ___________ (1) For more information on failed sales, see Note 12.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments, Guarantees and Contingencies [Abstract]
Commitments, Guarantees and Contingencies	11. Commitments, Guarantees and Contingencies. Commitments. The Company’s commitments are summarized below by years to maturity. Since commitments associated with these instruments may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements. Commitments. Years to Maturity at March 31, 2016 Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 114 $ — $ — $ 106 $ 220 Investment activities 550 107 16 302 975 Corporate lending commitments(1) 17,000 24,758 47,655 4,315 93,728 Consumer lending commitments 5,059 3 — 4 5,066 Residential real estate lending commitments 35 71 83 241 430 Wholesale real estate lending commitments 86 271 20 29 406 Forward-starting reverse repurchase agreements and securities borrowing agreements(2)(3) 48,472 — — — 48,472 Underwriting commitments 148 — — — 148 Total $ 71,464 $ 25,210 $ 47,774 $ 4,997 $ 149,445 (1) Due to the nature of the Company’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 4.1 billion. ( 2 ) The Company enters into forward - starting reverse repurchase and securities borrowing agreements that primarily settle within three business days of the trade date, and of the total amount at March 31, 2016 , $ 41.6 billion settled within three business days. (3) In addition, the Company 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 form of a reverse repurchase facility, with a maximum amount of approximately $ 2.2 billion. For a further description of these commitments, refer to Note 12 to the consolidated financial statements in the 2015 Form 10-K. The Company sponsors several non-consolidated investment funds for thir d-party investors where it 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, with subscribing third-party investors contributing the majority. The Company’s employees, including its senior officers as well as the Company’s Board of Directors, may participate on the same terms and conditions as other investors in certain of these funds that the Company forms primarily for client investment, except that the Com pany may waive or lower applicable fees and charges for its employees. The Company has contractual capital commitments, guarantees, lending facilities and counterparty arrangements with respect to these investment funds . Guarantees. Obligations Under Guarantee Arrangements at March 31, 2016 . Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Credit derivative contracts(1) $ 214,631 $ 279,554 $ 138,777 $ 52,205 $ 685,167 $ (127) $ — Other credit contracts 27 44 5 323 399 (2) — Non-credit derivative contracts(1) 1,186,070 699,114 298,000 533,692 2,716,876 74,940 — Standby letters of credit and other financial guarantees issued(2) 872 1,262 1,139 5,884 9,157 (111) 6,693 Market value guarantees 64 246 98 17 425 3 5 Liquidity facilities 3,154 — — — 3,154 (5) 5,029 Whole loan sales guarantees — — 2 23,426 23,428 9 — Securitization representations and warranties — — — 63,896 63,896 103 — General partner guarantees 31 36 48 311 426 74 — _____________ (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 4. (2) The se amounts include certain issued standby letters of credit participated to third parties totaling $ 0.7 billion due to the nature of the Company’s obligations under these arrangements. The Company has obligations under certain guarantee arrangements, inclu ding contracts and indemnification agreements , that contingently require the Company to make payments to the guaranteed party based on changes in an underlying measure (such as an interest or foreign exchange rate, secur ity or commodity price, an index, or the occurrence or non-occurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. Also included as guarantees are contracts that contingently require the Company to make payments to the guaranteed party based on another entity’s failure to perform under an agreement, as well as indirect guarantees of the indebtedness of others. For more information on the nature of the obligation and related business activity for market value guarantees, liquidity facilities, whole loan sale guarantees, and general partner guarantees related to private equity and real estate funds, as well as the other products in the above table, please see Note 12 to the consolidated financial statements in the 2015 Form 10-K. Other Gua rantees and Indemnities. In the normal course of business, the Company provides guarantees and indemnifications in a variety of transactions. These provisions generally are standard contractual terms. Certain of these guarantees and indemnifications rel ated to trust preferred securities, indemnities and exchange/clearinghouse member guarantees are described in Note 12 to the consolidated financial statements in the 2015 Form 10-K. In addition, i n 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 ar e 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 condensed consolidated financial statements . Trust Preferr ed Securities . The Company has established Morgan Stanley Capital Trusts for the limited purpose of issuing trust preferred securities to third parties and lending such proceeds to the Company in exchange for junior subordinated debentures. The Morgan Stanley Capital Trusts are SPEs, and only the Parent provides a guarantee for the trust preferred securities. The Company has directly guaranteed the repayment of the trust preferred securities to the holders in accordance with the terms thereof. See Note 11 to the consolidated financial statements in the 2015 Form 10-K for details on the Company’s junior subordinated debentures. Finance Subsidiary. The Parent Company fully and unconditionally guarantees the securities issued by Morgan Stanley Finance LLC, a 100%-owned finance subsidiary. 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 financial services institution. Certain of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of d amages. In some cases, the entities that would otherwise be the primary defendants in such cases are bankrupt or are in financial distress. These actions have included, but are not limited to, residential mortgage and credit crisis related matters. Over th e last several years, the level of litigation and investigatory activity (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 becom e the subject of increased claims for damages and other relief and, while 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 t hat material losses will not be incurred from claims that have not yet 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 probable 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’s future legal expenses may fluctuate from period to period, given the current environment regarding government investigations and private litigation affecting global financial services firms, including the Company. In m any proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal proceedings and investigations, 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 b y 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 range of loss can be reasonably estimated for a proceeding or investigation. For c ertain 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 Development 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 complai nt 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 Company misrepresented t he 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 approximately $228 mill ion 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 Company’s motion to di smiss the complaint. Based on currently available information, the Company believes it could incur a loss in this action of up to approximately $240 million plus pre- and post-judgment interest, fees and costs. On January 25, 2011, the Company was named as a defendant in The Bank of New York Mellon Trust, National Association v. Morgan Stanley Mortgage Capital, Inc. , a litigation pending in the United States District Court for the Southern District of New York (“SDNY”). The suit, brought by the trustee of a series of commercial mortgage pass-through certificates, alleges that the Company breached certain representations and warranties with respect to an $81 million commercial mortgage loan that was originated and transferred to the trust by the Company. Th e complaint seeks, among other things, to have the Company repurchase the loan and pay additional monetary damages. On June 16, 2014, the court granted the Company’s supplemental motion for summary judgment, which was appealed by plaintiff. On April 27, 20 16, the United States Court of Appeals for the Second Circuit vacated the judgment of the SDNY and remanded the case to the SDNY for further proceedings consistent with its opinion. Based on currently available information, the Company believes it could incur a loss in this action of up to approximately $81 million, plus pre-judgment interest, fees and costs. 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 P ass-Through Certificates, Series 2006-4SL 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 brea ch 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 agreement 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. Based on currently available informatio n, the Company believes that it could incur a loss in this action of up to approximately $149 million, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands that it did not repurchase, plus pre- and post- judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On August 8, 2012, U.S. Bank, in its capacity as trustee, filed a complaint on behalf of Morgan Stanley Mo rtgage 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 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 ., pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loan s in the trusts, which had original principal balances of approximately $354 million and $305 million respectively, breached various representations and warranties. The complaint seeks, among other relief, rescission of the mortgage loan purchase agreement s underlying the transactions, specific performance and unspecified damages and interest. On August 16, 2013, the court granted in part and denied in part the Company’s motion to dismiss the complaint. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $527 million, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands that it did not repurchase, plus pre- and post-judgment intere st, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On September 28, 2012, U.S. Bank, in its capacity as trustee, 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 Capital Inc. , pending in the Supreme Court of NY. The plaintiff f iled 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. By order dated September 30, 2014, the court granted in part and denied in part the Company’s motion t o dismiss the amended complaint. On July 13, 2015, the plaintiff perfected its appeal from the court’s September 30, 2014 decision. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximat ely $170 million, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands that it did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of l oans at issue and the possible range of loss could increase. 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 styled Morgan Stanley Mortgage Loan Trust 2006-10SL, et al. v. Morgan Stanley Mortgage Capital Holdings LLC, as successor in interest to Morgan Stanley Mortgage Capital Inc. , pending in the Supreme Court of NY. The complaint asserts cl aims for breach of contract and alleges, 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 or der requiring the Company to comply with 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 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, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands that it did n ot repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. 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 certa in 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 currently at issue in this action was ap proximately $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 other things, compensatory and puniti ve damages. On June 10, 2014, the court granted in part and denied in part the Company’s motion to dismiss the complaint. The Company perfected its appeal from that decision on June 12, 2015. At March 25, 2016, the current unpaid balance of the mortgage pa ss-through certificates at issue in this action was approximately $262 million, and the certificates had incurred actual losses of approximately $84 million. Based on currently available information, the Company believes it could incur a loss in this actio n up to the difference between the $262 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. T he Company may be entitled to be indemnified for some of these losses. On July 8, 2013, U.S. Bank National Association, in its capacity as trustee, filed a complaint against the Company styled U.S. Bank National Association, solely in its capacity as Tr ustee of the Morgan Stanley Mortgage Loan Trust 2007-2AX (MSM 2007-2AX) v. Morgan Stanley Mortgage Capital Holdings LLC, as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc. and Greenpoint Mortgage Fundin g, Inc. , pending in the Supreme Court of N Y. 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 $650 million, breached various representations and warranties. The complaint seeks , among other relief, specific performance of the loan breach remedy procedures in the transaction documents, unspecified damages and interest. On August 22, 2013, the Company filed a motion to dismiss the complaint, which was granted in part and denied in part on November 24, 2014. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $240 million, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands that it did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On April 28, 2014, Deutsche Bank Nationa l Trust Company, in its capacity as trustee for Morgan Stanley Structured Trust I 2007-1, filed a complaint against the Company styled Deutsche Bank National Trust Company v. Morgan Stanley Mortgage Capital Holdings LLC , 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 million, breached various representations and warranties. The complaint seeks, among other rel ief, specific performance of the loan breach remedy procedures in the transaction documents, unspecified compensatory and/or rescissory damages, interest and costs. On April 3, 2015, the court granted in part and denied in part the Company’s motion to dism iss the complaint. Based on currently available information, the Company believes that it could incur a loss in this action of up to approximately $292 million, the total original unpaid balance of the mortgage loans for which the Company received repurcha se demands that it did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On January 23, 2015, Deutsche Bank National Trust Company, in its capacity as trustee, filed a complaint against the Company styled Deutsche Bank National Trust Company solely in its capacity as Trustee of the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LL C as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc., and Morgan Stanley ABS Capital I Inc. , 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, w hich had an original principal balance of approximately $1.05 billion, breached various representations and warranties. The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, compens atory, consequential, rescissory , equitable and punitive damages, attorneys’ fees, costs and other related expenses, and interest. On October 20, 2015, the court granted in part and denied in part the Company’s motion to dismiss the complaint. Based on cur rently available information, the Company believes that it could incur a loss in this action of up to approximately $277 million, the total original unpaid balance of the mortgage loans for which the Company received repurchase demands from a certificate h older and a monoline insurer that the Company did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	3 Months Ended
	Mar. 31, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Variable Interest Entity Disclosures	12. Variable Interest Entities and Securitization Activities. Overview . 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 credit-linked notes, other structured financings, collateralized loan and debt obligations, equity-linked notes, p artnership investments 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 mark et (both for Company-sponsored transactions and transactions sponsored by third parties), and derivatives with securitization SPEs (primarily interest rate derivatives in commercial mortgage and residential mortgage securitizations and credit derivatives i n 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 13 to the consolidated financial statements in the 2015 Form 10-K. As a result of adopting the accounting update, Amendments to the Consolidation Analysis , in the quarter ended March 31, 2016, certain consolidated entities are now considered VIEs and are included in the balances at March 31, 2016. See Note 2 for further information. Consolidated VIEs. Assets and Liabilities by Type of Activity . At March 31, 2016 At December 31, 2015 VIE Assets VIE Liabilities VIE Assets VIE Liabilities (dollars in millions) Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 791 13 787 13 Asset-backed securitizations(1) 651 417 668 423 Other(2) 1,069 27 245 — Total $ 3,412 $ 457 $ 2,600 $ 436 _________ The value of assets is determined based on the fair value of the liabilities of and the interests owned by the Company in such VIEs, because the fair values for the liabilities and interests owned are more observable. Other primarily includes certain operating entities, investment funds and structured transactions . Assets and Liabilities by Balance Sheet Caption . At March 31, At December 31, 2016 2015 Assets (dollars in millions) Cash and due from banks $ 38 $ 14 Trading assets, at fair value 2,109 1,842 Customer and other receivables 13 3 Goodwill 18 — Intangible assets 143 — Other assets 1,091 741 Total assets $ 3,412 $ 2,600 Liabilities Other secured financings, at fair value $ 426 $ 431 Other liabilities and accrued expenses 31 5 Total liabilities $ 457 $ 436 Consolidated VIE assets and liabilities are presented in the above tables after intercompany eliminations. 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, g uarantees or other forms of involvement. As part of the Institutional Securities business segment’s securitization and related activities, the Company has provided, or otherwise agreed to be responsible for, representations and warranties regarding certa in assets transferred in securitization transactions sponsored by the Company (see Note 11 ). In general, the Company’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE’s net assets recognized in its financi al statements, net of amounts absorbed by third-party variable interest holders. At March 31, 2016 and December 31, 2015 , n oncontrol ling interests in the condensed c onsoli dated financial statements related to consolidated VIEs were $ 159 million and $ 37 million, respectively. The Company also had additional maximum exposure to losses of approximately $ 74 million and $ 72 million at March 31, 2016 and December 31, 2015 , respectively , primarily r elated to certain derivatives, commitments, guarantees and other forms of involvement . Non- c onsolidated VIEs. T he tables below include all VIEs in which the Company has 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 its secondary market-making activities, securities held in its Investment securities portf olio (see Note 5), and certain investments in funds. Non-Consolidated VIE Assets and Liabilities, Maximum and Carrying Value of Exposure to Loss . At March 31, 2016 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) $ 124,025 $ 10,058 $ 4,878 $ 5,023 $ 42,052 Maximum exposure to loss: Debt and equity interests $ 13,470 $ 1,319 $ 65 $ 1,756 $ 4,481 Derivative and other contracts — — 2,908 — 132 Commitments, guarantees and other 646 588 — 365 319 Total maximum exposure to loss $ 14,116 $ 1,907 $ 2,973 $ 2,121 $ 4,932 Carrying value of exposure to loss—Assets: Debt and equity interests $ 13,470 $ 1,319 $ 65 $ 1,370 $ 4,481 Derivative and other contracts — — 5 — 41 Total carrying value of exposure to loss—Assets $ 13,470 $ 1,319 $ 70 $ 1,370 $ 4,522 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 49 Commitments, guarantees and other — — — 3 11 Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 3 $ 60 At December 31, 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) $ 126,872 $ 8,805 $ 4,654 $ 2,201 $ 20,775 Maximum exposure to loss: Debt and equity interests $ 13,361 $ 1,259 $ 1 $ 1,129 $ 3,854 Derivative and other contracts — — 2,834 — 67 Commitments, guarantees and other 494 231 — 361 222 Total maximum exposure to loss $ 13,855 $ 1,490 $ 2,835 $ 1,490 $ 4,143 Carrying value of exposure to loss—Assets: Debt and equity interests $ 13,361 $ 1,259 $ 1 $ 685 $ 3,854 Derivative and other contracts — — 5 — 13 Total carrying value of exposure to loss—Assets $ 13,361 $ 1,259 $ 6 $ 685 $ 3,867 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 15 Commitments, guarantees and other — — — 3 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 3 $ 15 Non-Consolidated VIE Mortgage- and Asset-Backed Securitization Assets. At March 31, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests (dollars in millions) Residential mortgages $ 16,359 $ 1,006 $ 13,787 $ 1,012 Commercial mortgages 52,151 2,515 57,313 2,871 U.S. agency collateralized mortgage obligations 17,331 3,503 13,236 2,763 Other consumer or commercial loans 38,184 6,446 42,536 6,715 Total mortgage- and asset-backed securitization assets $ 124,025 $ 13,470 $ 126,872 $ 13,361 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 limited 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 generally 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 does not inclu de the offsetting benefit of any financial instruments that the Company may utilize to hedge these risks associated with its variable interests. In addition, the Company’s maximum exposure to loss is not reduced by the amount of collateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Securitization transactions generally involve VIEs. Primarily as a result of its secondary market-making activities, the Company owned additional VIE assets mainly i ssued by securitization SPEs for which the maximum exposure to loss is less than specific thresholds. These additional assets totaled $ 12.6 billion and $ 12.9 billion at March 31, 2016 and December 31, 2015 , respectively. Th ese assets were either retained in connection with transfers of assets by the Company, acquired in connection with secondary market-making activities or held as AFS securities in its Investment securities portfolio (see Note 5) or held as investments in funds . At March 31, 2016 and December 31, 2015 , these assets consisted of securities backed by residential mortgage loans, commercial mortgage loans or other consumer loans, such as credit card receivables, automobile loans and student loans, CDOs or CLOs, and investment funds . The Compa ny’s primary risk exposure is to the securities issued by the SPE owned by the Company, with the risk highest on the most subordinate class of beneficial interests. These assets generally are included in Trading assets—Corporate and other debt, Trading assets—Investments or AFS s ecurities within its Investment securities portfolio and are measured at fair value (see Note 3). The Company does not provide additional support in these transactions through contractual facilities, such as liquidity facilities, guarantees or similar d erivatives. The Company’s maximum exposure to loss generally equals the fair value of the assets owned. Transfers of Assets with Continuing Involvement . Transactions with SPEs in which the Company, acting as principal, transferred financial assets w ith continuing involvement and received sales treatment are shown below. At March 31, 2016 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) $ 21,705 $ 55,403 $ 14,631 $ 12,061 Retained interests (fair value): Investment grade $ — $ 85 $ 539 $ — Non-investment grade 82 96 — 1,137 Total retained interests (fair value) $ 82 $ 181 $ 539 $ 1,137 Interests purchased in the secondary market (fair value): Investment grade $ — $ 34 $ 63 $ — Non-investment grade 47 52 — 5 Total interests purchased in the secondary market (fair value) $ 47 $ 86 $ 63 $ 5 Derivative assets (fair value) $ — $ 316 $ — $ 231 Derivative liabilities (fair value) — — — 465 At December 31, 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) $ 22,440 $ 72,760 $ 17,978 $ 12,235 Retained interests (fair value): Investment grade $ — $ 238 $ 649 $ — Non-investment grade 160 63 — 1,136 Total retained interests (fair value) $ 160 $ 301 $ 649 $ 1,136 Interests purchased in the secondary market (fair value): Investment grade $ — $ 88 $ 99 $ — Non-investment grade 60 63 — 10 Total interests purchased in the secondary market (fair value) $ 60 $ 151 $ 99 $ 10 Derivative assets (fair value) $ — $ 343 $ — $ 151 Derivative liabilities (fair value) — — — 449 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. ( 2 ) Amounts include assets transferred by unrelated transferors. At March 31, 2016 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 624 $ — $ 624 Non-investment grade — 16 1,299 1,315 Total retained interests (fair value) $ — $ 640 $ 1,299 $ 1,939 Interests purchased in the secondary market (fair value): Investment grade $ — $ 97 $ — $ 97 Non-investment grade — 84 20 104 Total interests purchased in the secondary market (fair value) $ — $ 181 $ 20 $ 201 Derivative assets (fair value) $ — $ 508 $ 39 $ 547 Derivative liabilities (fair value) — 76 389 465 At December 31, 2015 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 886 $ 1 $ 887 Non-investment grade — 17 1,342 1,359 Total retained interests (fair value) $ — $ 903 $ 1,343 $ 2,246 Interests purchased in the secondary market (fair value): Investment grade $ — $ 187 $ — $ 187 Non-investment grade — 112 21 133 Total interests purchased in the secondary market (fair value) $ — $ 299 $ 21 $ 320 Derivative assets (fair value) $ — $ 466 $ 28 $ 494 Derivative liabilities (fair value) — 110 339 449 Transferred assets are carried at fair value prior to securitization, and any changes in fair value are recognized in the 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 condensed consolidated balance sheet at fair value. Any changes in the fair value of such retained interests are recognized in the condensed consolidated statements of income. Proceeds f rom New Securitization Transactions an d Retained Interests in Securitization Transactions . Three Months Ended March 31, 2016 2015 (dollars in millions) Proceeds received from new securitization transactions $ 2,713 $ 4,891 Proceeds from retained interests in securitization transactions 631 948 Net gains on sale of assets in securitization transactions at the time of the sale were not material in the first quarter of 2016 and 2015 . 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 ) . Proceeds from Sale s to CLO Entities Sponsored by Non-Affiliates . Three Months Ended March 31, 2016 2015 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ 31 $ 345 Net gains on sale of corporate loans to CLO transactions at the time of sale were not material in the first quarter of 2016 and 2015 . 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 it retains the exposure to the securities as shown in the following table. At March 31, 2016 At December 31, 2015 (dollars in millions) Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,020 $ 7,878 Fair value of assets sold 9,248 7,935 Fair value of derivative assets recognized in the condensed consolidated balance sheet 235 97 Fair value of derivative liabilities recognized in the condensed consolidated balance sheet 8 40 Failed Sales. For transfers that fail to meet the accounting criteria for a sale, the Company continues to recognize the assets in Trading assets at fair value, and the Company recognizes the associated liabilities in Other secured financings at fair value in the condensed consolidated balance sheet (see Note 10 ). The assets transferred to unconsolidated VIEs in transactions accounted for as failed sales cannot be removed unilaterally by the Company and are not generally available to the Company. T he 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 i nvolvement. Carrying Value of Assets and Liabilities Related to Failed Sales . At March 31, 2016 At December 31, 2015 Assets Liabilities Assets Liabilities (dollars in millions) Failed sales $ 392 $ 392 $ 400 $ 400

Regulatory Requirements

Regulatory Requirements	3 Months Ended
	Mar. 31, 2016
Regulatory Requirements
Regulatory Requirements	13. 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 2015 Form 10-K. Risk-Based Capital R equirement . The Company is required to maintain minimum risk-based and leverage capital ratios under the regulatory capital requirements. The Company’s binding risk-based capital ratios for regulatory purposes are the lower of the capital ratios computed under the ( i ) standardized approaches for calculating credit risk-weighted assets (“RWAs”) and market risk RWAs (the “Standardized Approach”); and (ii) applicable advanced approaches for calculating credit risk, market risk and oper ational risk RWAs (the “Advanced Approach”). In addition to the minimum risk-based capital ratio requirements, on a fully phased-in basis by 2019, the Company will be subject to: A greater than 2.5% Common Equity Tier 1 capital conservation buffer; The C ommon Equity Tier 1 global systemically important bank (“G-SIB”) capital surcharge, which the Federal Reserve calculated as 3% for the Company in July 2015; and Up to a 2.5% Common Equity Tier 1 countercyclical capital buffer, currently set by banking reg ulators at zero (collectively, the “buffers”). In 2016, the phase-in amount for each of the buffers is 25% of the fully phased-in buffer requirement. Failure to maintain the buffers will result in restrictions on the Com pany’s ability to make capital distributions, including the payment of dividends and the repurchase of stock, and to pay discretionary bonuses to executive officers. The methods for calculating each of the Company’s risk-based capital ratios will change t hrough January 1, 2022 as aspects of the capital rules are phased in. These 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 its capital base, asset composit ion, off-balance sheet exposures or risk profile. For a further discussion of the Company’s calculation of risk-based capital ratios, see Note 14 to the consolidated financial statements in the 2015 Form 10-K. The Company’s Regulatory Capital and Capital Ratios. At March 31, 2016 and December 31, 2015 , the Company’s binding ratios are based on the Advanced Approach transitional rules. Regulatory Capital Mea sures and Minimum Regulatory Capital Ratios. At March 31, 2016 At December 31, 2015 Amount Ratio Minimum Ratio(1) Amount Ratio Minimum Ratio(1) (dollars in millions) Regulatory capital and capital ratios: Common Equity Tier 1 capital $ 58,514 15.6% 5.9% $ 59,409 15.5% 4.5% Tier 1 capital 65,198 17.4% 7.4% 66,722 17.4% 6.0% Total capital 77,969 20.9% 9.4% 79,403 20.7% 8.0% Tier 1 leverage(2) — 8.2% 4.0% — 8.3% 4.0% Assets: Total RWAs $ 373,925 N/A N/A $ 384,162 N/A N/A Adjusted average assets(3) 792,268 N/A N/A 803,574 N/A N/A __________ N/A—Not Applicable. (1) Percentages represent minimum regulatory capital ratios under the transitional rules. These ratios include the following assumptions: ( i ) G-SIB capital surcharge for the Company remains at 3.0% as calculated by the Federal Reserve in July 2015; and (ii) countercyclical capital buffer remains at zero . (2) Tier 1 leverage ratios are calculated under Standardized Approach transitional rules. (3) Adjusted average assets represent the den ominator of the Tier 1 leverage ratio and are composed of the average daily balance of consolidated on-balance sheet assets under U.S. GAAP during the calendar quarter, adjusted for disallowed goodwill, transitional intangible assets, certain deferred tax assets, certain investments in the capital instruments of unconsolidated financial institutions and other adjustments. U.S. Bank Subsidiaries ’ Regulatory Capital and Capital Ratios . Morgan Stanley Bank, N.A. (“MSBNA”) and Morgan Stanley Private Bank , National Association (“MSPBNA”) (collectively, “U.S. Bank Subsidiaries”) are subject to similar regulatory capital requirements as the Company. Failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regul ators that, if undertaken, could have a direct material effect on the Company’s U.S. Bank Subsidiaries ’ financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, each of the Company’s U.S. Bank Subsi diaries 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. At March 31, 2016 and December 31, 2015 , the Comp any’s U.S. Bank Subsidiaries’ binding ratios are based on the Standardized Approach transitional rules. U.S. Bank Subsidiaries’ Regulatory Capital Measures and Required Capital Ratios. Morgan Stanley Bank, N.A. At March 31, 2016 At December 31, 2015 Amount Ratio Required Capital Ratio(1) Amount Ratio Required Capital Ratio(1) (dollars in millions) Common Equity Tier 1 capital $ 13,862 15.5% 6.5% $ 13,333 15.1% 6.5% Tier 1 capital 13,862 15.5% 8.0% 13,333 15.1% 8.0% Total capital 15,670 17.5% 10.0% 15,097 17.1% 10.0% Tier 1 leverage 13,862 10.1% 5.0% 13,333 10.2% 5.0% Morgan Stanley Private Bank, National Association At March 31, 2016 At December 31, 2015 Amount Ratio Required Capital Ratio(1) Amount Ratio Required Capital Ratio(1) (dollars in millions) Common Equity Tier 1 capital $ 4,660 27.0% 6.5% $ 4,197 26.5% 6.5% Tier 1 capital 4,660 27.0% 8.0% 4,197 26.5% 8.0% Total capital 4,692 27.2% 10.0% 4,225 26.7% 10.0% Tier 1 leverage 4,660 10.9% 5.0% 4,197 10.5% 5.0% _______ (1) Capital ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes. Under regulatory capital requirements a dopted 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 Company must be well-capitalized in orde r 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 March 31, 2016 and December 31, 2015 , the Company’s U.S. B ank Subsidiaries maintained capital at levels sufficiently in excess of the universally mandated well-capitalized requirements to address any additional capital needs and requirements identified by the U.S. federal banking regulators. Broker-Dealer Regula tory Capital Requirements . 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 U.S. Securities and Exchange Commission (“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 $ 10,411 million and $ 10,254 million at March 31, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 8,483 million and $ 8,458 million, respectively . MS&Co. is required to hold tentative net capital in excess of $ 1 billion and net capital in excess of $ 500 million in accordance wit h the market and credit risk standards of Appendix E of SEC Rule 15c3-1. In addition, MS&Co. is required to notify the SEC in the event that its tentative net capital is less than $ 5 billion. At March 31, 2016 and December 31, 2015 , MS&Co. had tent ative 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 $ 3,645 million and $ 3,613 million at March 31, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 3,491 million and $ 3,459 million, respectively. Morgan Stanley & Co. International plc (“MSIP”), a London-based broker-dealer subsidiary, is subject to the capital requirements of the Prudential Reg ulation 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 th eir respective regulatory capital requirements. Other Regulated Subsidiaries. Certain other U.S. and non-U.S. subsidiaries of the Company are subject to various securities, commodities and banking regulations, and capital adequacy requirements promu lgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries have consistently operated with capital in excess of their local capital adequacy requirements.

Total Equity

Total Equity	3 Months Ended
	Mar. 31, 2016
Redeemable Noncontrolling Interests and Total Equity
Total Equity	14. Total Equit y. Dividends and Share Repurchases. During the quarter s ended March 31, 2016 and 2015 , the Co mpany repurchased approximately $ 625 million and $ 250 million, respectively, of the Company’s outstanding common stock as part of its share repurchase program. For a description of the share repurchase program, see Note 15 to the consolidated financial s tatements in the 2015 Form 10-K. Preferred Stock. For a description of Series A through Series J preferred stock issuances, see Note 15 to the consolidated financial statements in the 2015 Form 10-K. During t he quarters ended March 31, 2016 and 2015 , dividends declared on the Company’s outs tanding preferr ed stock were $ 78 million. The Company is authorized to issue 30 million shares of preferred stock. The preferred stock has a preference over the common stock upon liquidation. Preferred Stock Outstanding . Shares Carrying Value Outstanding Liquidation At At At March 31, Preference March 31, December 31, Series 2016 per Share 2016 2015 (shares in millions) (dollars in millions) A 44,000 $ 25,000 $ 1,100 $ 1,100 C(1) 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 1,500 Total $ 7,520 $ 7,520 ____________ (1 ) Series C is compri sed of the issuance of 1,160,791 shares of Series C Preferred Stock to MUFG for an aggregate purchase price of $ 911 million, less the redemption of 640,909 shares of Series C Preferred Stock of $ 5 03 million, which were converted to common shares of approximately $ 705 million. The Company’s preferred stock qualifies as Tier 1 capital in accordance with regulatory capital requirements (see Note 13 ). Accumulated Other Comprehensive Income (Loss). Changes in AOCI by Component, Net of Tax and Noncontrolling Interests. Foreign Currency Translation Adjustments Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Debt Valuation Adjustment Total (dollars in millions) Balance at December 31, 2015 $ (963) $ (319) $ (374) $ — $ (1,656) Cumulative adjustment for accounting change related to DVA(1) — — — (312) (312) Change in OCI before reclassifications 132 402 2 228 764 Amounts reclassified from AOCI(2) — (7) (1) (26) (34) Net OCI during the period 132 395 1 202 730 Balance at March 31, 2016 $ (831) $ 76 $ (373) $ (110) $ (1,238) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (220) 215 — — (5) Amounts reclassified from AOCI — (15) 2 — (13) Net OCI during the period (220) 200 2 — (18) Balance at March 31, 2015 $ (883) $ 127 $ (510) $ — $ (1,266) ___________ In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , a cumulative catch up adjustment was recorded as of January 1, 2016 to move the cumulative DVA amount, net of noncontrolling interest and tax, related to outstanding liabilities under the fair value option election from Retained earnings into AOCI. See N ote 2 for further information. Amounts reclassified from AOCI in the quarter ended March 31, 2016 are principally due to the realization of DVA upon early retirement of the associated instruments and are recognized within Trading revenues in the condens ed consolidated statements of income. The associated tax impact in Provision for (benefit from) income taxes was $ (15) million. See No te 2 for further information. The Company had no significant reclassifications out of AOCI for the quarters ended March 31, 2016 and 2015 . Noncontrolling Interests. Noncontrolling interests were $ 1,165 million and $ 1,002 million at March 31, 2016 and December 31, 2015 , respectively. The increase in noncontrolling interests was primarily due to the consolidation of certain legal entities associated with merchant banking funds sponsored by the Company. See Note 2 for further information on the adoption of the accounting update Amendment s to the Consolidation Analysi s .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share	15. Earnings per Common Share. Calculation of Basic and D iluted Earnings Per Share (“ EPS”) . Three Months Ended March 31, 2016 2015 (in millions, except for per share data) Basic EPS: Income from continuing operations $ 1,160 $ 2,468 Income (loss) from discontinued operations (3) (5) Net income 1,157 2,463 Net income applicable to noncontrolling interests 23 69 Net income applicable to Morgan Stanley 1,134 2,394 Less: Preferred dividends (78) (78) Less: Allocation of (earnings) loss to participating RSUs(1) (1) (2) Earnings applicable to Morgan Stanley common shareholders $ 1,055 $ 2,314 Weighted average common shares outstanding 1,883 1,924 Earnings per basic common share: Income from continuing operations $ 0.56 $ 1.21 Income (loss) from discontinued operations — (0.01) Earnings per basic common share $ 0.56 $ 1.20 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,055 $ 2,314 Weighted average common shares outstanding 1,883 1,924 Effect of dilutive securities: Stock options and RSUs(1) 32 39 Weighted average common shares outstanding and common stock equivalents 1,915 1,963 Earnings per diluted common share: Income from continuing operations $ 0.55 $ 1.18 Income (loss) from discontinued operations — — Earnings per diluted common share $ 0.55 $ 1.18 _____________ (1) Restricted stock units (“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 diluted calculation. Antidilutive Securities. Securi ties that were considered antidilutive were excluded from the computation of diluted EPS. Outstanding Antidilutive Securities at Period-End . Three Months Ended March 31, 2016 2015 (shares in millions) Stock options 14 11 RSUs and performance-based stock units 1 1 Total 15 12

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2016
Interest Income And Interest Expense
Interest Income And Interest Expense	16. Interest Income and Interest Expense. Interest Income and Interest Expense . Three Months Ended March 31, 2016 2015 (dollars in millions) Interest income(1): Trading assets(2) $ 582 $ 594 Investment securities 236 201 Loans 647 474 Interest bearing deposits with banks 50 22 Securities purchased under agreements to resell and Securities borrowed(3) (78) (104) Customer receivables and Other(4) 310 297 Total interest income $ 1,747 $ 1,484 Interest expense(1): Deposits $ 22 $ 18 Short-term borrowings 6 4 Long-term borrowings 959 926 Securities sold under agreements to repurchase and Securities loaned(5) 264 308 Customer payables and Other(6) (403) (368) Total interest expense $ 848 $ 888 Net interest $ 899 $ 596 _____________ (1) Interest income and expense are recorded within the 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 custom ers for stock loan transactions incurred to cover customers’ short positions.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2016
Employee Benefit Plans
Employee Benefit Plans	17. Employee Benefit Plans. The Company sponsors various retirement 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. Components of Net Periodic Benefit Expense (Income) for Pension and Other P ostretirement P lans. Three Months Ended March 31, 2016 2015 (dollars in millions) Service cost, benefits earned during the period $ 4 $ 5 Interest cost on projected benefit obligation 38 39 Expected return on plan assets (30) (30) Net amortization of prior service credit (4) (5) Net amortization of actuarial loss 3 6 Net periodic benefit expense $ 11 $ 15

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes
Income Taxes	18. 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 it has significant business operations, such as New York. The Company is currently at various levels of field examination 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 IRS has substant ially completed the field examination for the audit of tax years 2006- 2008. The Company believes that the resolution of these tax matters w ill not have a material effect i n the condensed consolidated balance sheet , although a resolution could have a materi al impact i n the condensed consolidated statements of income for a particular future period and on the effective tax rate for any period in which such resolution occurs. In April 2016, the Company received a notification from the IRS that the Congressiona l Joint Committee on Taxation approved the final report of an Appeals Office review of matters from tax years 1999-2005. The Company has reserved the right to contest certain items, the resolution of which is not expected to have a material impact on the e ffective tax rate or the condensed consolidated financial statements. During 2016, 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 or the condensed consolidated financial statements. The Company has established a liability for unrecognized tax benefits that it believes is adequate in relation to the potential for additional assessments. Once established, the Company adjusts liabilities for unrecognized tax benefits only when more information is available or when an event occurs necessitating a change. It is reasonably possible that s ignificant changes in the balance of unrecognized tax benefi ts 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 the impact on the Company’s effective tax rate over the next 12 months. The Company’s effective tax rate from continuing operations for the quarter ended March 31, 2015 included a net discrete tax benefit of $ 564 million. This net discrete tax benefit was primarily asso ciated 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.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment And Geographic Information	19 . 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 2015 Form 10-K. Selected Financial Information. Three Months Ended March 31, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 3,645 $ 2,837 $ 478 $ (67) $ 6,893 Interest income 1,053 914 1 (221) 1,747 Interest expense 984 83 2 (221) 848 Net interest 69 831 (1) — 899 Net revenues $ 3,714 $ 3,668 $ 477 $ (67) $ 7,792 Income from continuing operations before income taxes $ 908 $ 786 $ 44 $ — $ 1,738 Provision for income taxes 275 293 10 — 578 Income from continuing operations 633 493 34 — 1,160 Discontinued operations: Income (loss) from discontinued operations before income taxes (5) — — — (5) Provision for (benefit from) income taxes (2) — — — (2) Income (loss) from discontinued operations (3) — — — (3) Net income 630 493 34 — 1,157 Net income (loss) applicable to noncontrolling interests 39 — (16) — 23 Net income applicable to Morgan Stanley $ 591 $ 493 $ 50 $ — $ 1,134 Three Months Ended March 31, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 5,546 $ 3,145 $ 674 $ (54) $ 9,311 Interest income 870 737 1 (124) 1,484 Interest expense 958 48 6 (124) 888 Net interest (88) 689 (5) — 596 Net revenues $ 5,458 $ 3,834 $ 669 $ (54) $ 9,907 Income from continuing operations before income taxes $ 1,813 $ 855 $ 187 $ — $ 2,855 Provision for income taxes(4) 6 320 61 — 387 Income from continuing operations 1,807 535 126 — 2,468 Discontinued operations: Income (loss) from discontinued operations before income taxes (8) — — — (8) Provision for (benefit from) income taxes (3) — — — (3) Income (loss) from discontinued operations (5) — — — (5) Net income 1,802 535 126 — 2,463 Net income applicable to noncontrolling interests 52 — 17 — 69 Net income applicable to Morgan Stanley $ 1,750 $ 535 $ 109 $ — $ 2,394 (1) In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , unrealized DVA gains (losses) in the quarter ended March 31, 2016 are recorded within OCI in the condensed consolidated statements of comprehensive income. See Notes 2 and 14 for further information. (2) In certain management fee arrangements, the Company is entitled to receive performance-based fees (also referred to as incentive fees and inclu des carried interest) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenues are accrued (or reversed) quarterly based on measuring account/fund performance to date versus the performance benchmark stated in the investment management agreement. The Company’s portion of unrealized cumulative amount of performance-based fee revenue (for which the Company is not obligated to pay compensation) at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 422 million at both March 31, 2016 and December 31, 2015. See Note 11 for information regarding general partner guarantees, which include potenti al obligations to return performance fee distributions previously received. (3) The Company waiv es a portion of its fees from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. The se fee waivers resulted in a reduction of fees of approximately $ 23 million and $ 50 million, respectively, for the quarters ended March 31, 2016 and 2015. (4 ) The Company’s effective tax rate from continuing operations for the quarter ended March 31, 20 15 include d a net discrete tax benefit of $ 564 million within Institutional Securities (see Note 18). Total Assets by Business Segment . Institutional Securities Wealth Management Investment Management Total(1) (dollars in millions) At March 31, 2016 $ 621,644 $ 181,087 $ 4,766 $ 807,497 At December 31, 2015 $ 602,714 $ 179,708 $ 5,043 $ 787,465 (1) Corporate assets have been fully allocated to the business segments. Geographic Information. For a discussion about the Company’s geographic net revenues, see Note 21 to the consolidated financial statements in the 2015 Form 10-K. Net Revenues by Region. Three Months Ended March 31, 2016 2015 (dollars in millions) Americas $ 5,752 $ 6,930 EMEA 1,129 1,762 Asia-Pacific 911 1,215 Net revenues $ 7,792 $ 9,907

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
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: Common Stock Dividend. On April 18, 2016, the Company announced that its Board of Directors declared a quarterly dividen d per common share of $0.15. The dividend is payable on May 13, 2016 to common shareholders of record on April 29, 2016. Long-Term Borrowings. Subsequent to March 3 1 , 201 6 and through April 29 , 201 6 , long-term borrowings decreased by approximately $ 1.2 billion, net of issuances. This amount includes the issuance of $ 3.5 billion of senior debt on April 21 , 2016.

Significant Accounting Polici28

Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2016
Summary of Significant Accounting Policies
Accounting Standard Adopted	Accounting Standards Adopted. The Company adopted the following accounting updates as of January 1, 2016 . Recognition and Measurement of Financial Assets and Financial Liabiliti es. In January 2016, the Financial Accounting Standards Board (the “FASB”) issued an accounting update that changes the requirements for the recognition and measurement of financial assets and financial liabilities. The Company early adopted the provision in this guidance relating to liabilities measured at fair value pursuant to a fair value option election that requires pres enting unrealized DVA in Other c omprehensive income (loss) (“OCI”), a change from the previous requirement to present DVA in net inc ome. Realized DVA amounts will be recycled from AOCI to Trading revenues. Prior period DVA amounts remain in Trading revenues as previously reported. A cumulative catch up adjustment, net of noncontrolling interests and tax, of $ 312 million was recorded as of January 1, 2016 to move the cumulative DVA loss amount from Retained earnings into AOCI. Other provisions of this rule may not be early adopted and will be e ffective January 1, 2018 , and are not expected to have a material impact on the condensed consolidated financial statements . Amendments to the Consolidation Analysis. In February 2015, the FASB issued an accounting update that provides a new consolidation model for certain entities, such as investment funds and limited partnerships. The ado ption on January 1, 2016, increased total assets by $ 131 million, reflecting consolidations of $ 206 million net of deconsolidations of $ 75 million. The consolidations resulted primarily from certain merchant banking funds in Investment Management where the Company acts as a general partner. Simplifying the Presentation of Debt Issuance Costs. In April 2015, the FASB issued an accounting update that requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. This guidance became effective for the Company beginning January 1, 2016 and did not have a material impact in the condensed consolidated financial statements. The Company adopted the following accounting updates as of January 1, 2016 , which did not have an impact in the condensed consolidated financial statements . Simplifying the Accounting for Measurement-Period Adjustments. Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. Measuring the Fina ncial Assets and Financial Liabilities of a Consolidated Collateralized Financing Entity. Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis. Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting Balance at March 31, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 23,545 $ — $ — $ — $ 23,545 U.S. agency securities 1,004 20,662 8 — 21,674 Total U.S. government and agency securities 24,549 20,662 8 — 45,219 Other sovereign government obligations 15,835 8,232 8 — 24,075 Corporate and other debt: State and municipal securities — 1,832 5 — 1,837 Residential mortgage-backed securities — 1,337 292 — 1,629 Commercial mortgage-backed securities — 1,029 59 — 1,088 Asset-backed securities — 335 4 — 339 Corporate bonds — 9,955 224 — 10,179 Collateralized debt and loan obligations — 295 348 — 643 Loans and lending commitments(1) — 3,640 6,185 — 9,825 Other debt — 1,358 527 — 1,885 Total corporate and other debt — 19,781 7,644 — 27,425 Corporate equities(2) 95,676 366 430 — 96,472 Derivative and other contracts: Interest rate contracts 507 424,488 1,170 — 426,165 Credit contracts — 19,563 738 — 20,301 Foreign exchange contracts 77 73,019 224 — 73,320 Equity contracts 768 43,027 735 — 44,530 Commodity contracts 2,925 10,648 4,045 — 17,618 Other — 19 — — 19 Netting(3) (3,517) (477,187) (3,606) (61,800) (546,110) Total derivative and other contracts 760 93,577 3,306 (61,800) 35,843 Investments(4): Principal investments 22 20 743 — 785 Other 166 324 179 — 669 Total investments 188 344 922 — 1,454 Physical commodities — 274 — — 274 Total trading assets(4) 137,008 143,236 12,318 (61,800) 230,762 AFS securities 32,731 35,436 — — 68,167 Securities received as collateral 8,811 2 — — 8,813 Securities purchased under agreements to resell — 555 — — 555 Intangible assets — — 4 — 4 Total assets measured at fair value $ 178,550 $ 179,229 $ 12,322 $ (61,800) $ 308,301 Liabilities at Fair Value Deposits $ — $ 624 $ 23 $ — $ 647 Short-term borrowings — 697 — — 697 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 10,553 — — — 10,553 U.S. agency securities 304 162 — — 466 Total U.S. government and agency securities 10,857 162 — — 11,019 Other sovereign government obligations 12,961 3,554 — — 16,515 Corporate and other debt: Corporate bonds — 6,517 6 — 6,523 Lending commitments — 2 1 — 3 Other debt — 31 4 — 35 Total corporate and other debt — 6,550 11 — 6,561 Corporate equities(2) 48,183 60 31 — 48,274 Derivative and other contracts: Interest rate contracts 655 397,394 1,001 — 399,050 Credit contracts — 19,806 1,461 — 21,267 Foreign exchange contracts 49 76,895 98 — 77,042 Equity contracts 487 44,825 2,567 — 47,879 Commodity contracts 2,493 9,401 2,845 — 14,739 Other — 116 — — 116 Netting(3) (3,517) (477,187) (3,606) (42,386) (526,696) Total derivative and other contracts 167 71,250 4,366 (42,386) 33,397 Total trading liabilities 72,168 81,576 4,408 (42,386) 115,766 Obligation to return securities received as collateral 17,980 3 1 — 17,984 Securities sold under agreements to repurchase — 542 151 — 693 Other secured financings — 2,169 454 — 2,623 Long-term borrowings — 34,210 1,798 — 36,008 Total liabilities measured at fair value $ 90,148 $ 119,821 $ 6,835 $ (42,386) $ 174,418 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting Balance at December 31, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 17,658 $ — $ — $ — $ 17,658 U.S. agency securities 797 17,886 — — 18,683 Total U.S. government and agency securities 18,455 17,886 — — 36,341 Other sovereign government obligations 13,559 7,400 4 — 20,963 Corporate and other debt: State and municipal securities — 1,651 19 — 1,670 Residential mortgage-backed securities — 1,456 341 — 1,797 Commercial mortgage-backed securities — 1,520 72 — 1,592 Asset-backed securities — 494 25 — 519 Corporate bonds — 9,959 267 — 10,226 Collateralized debt and loan obligations — 284 430 — 714 Loans and lending commitments(1) — 4,682 5,936 — 10,618 Other debt — 2,263 448 — 2,711 Total corporate and other debt — 22,309 7,538 — 29,847 Corporate equities(2) 106,296 379 433 — 107,108 Derivative and other contracts: Interest rate contracts 406 323,586 2,052 — 326,044 Credit contracts — 22,258 661 — 22,919 Foreign exchange contracts 55 64,608 292 — 64,955 Equity contracts 653 38,552 1,084 — 40,289 Commodity contracts 3,140 10,654 3,358 — 17,152 Other — 219 — — 219 Netting(3) (3,840) (380,443) (3,120) (55,562) (442,965) Total derivative and other contracts 414 79,434 4,327 (55,562) 28,613 Investments(4): Principal investments 20 44 486 — 550 Other 163 310 221 — 694 Total investments 183 354 707 — 1,244 Physical commodities — 321 — — 321 Total trading assets(4) 138,907 128,083 13,009 (55,562) 224,437 AFS securities 34,351 32,408 — — 66,759 Securities received as collateral 11,221 3 1 — 11,225 Securities purchased under agreements to resell — 806 — — 806 Intangible assets — — 5 — 5 Total assets measured at fair value $ 184,479 $ 161,300 $ 13,015 $ (55,562) $ 303,232 Liabilities at Fair Value Deposits $ — $ 106 $ 19 $ — $ 125 Short-term borrowings — 1,647 1 — 1,648 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 12,932 — — — 12,932 U.S. agency securities 854 127 — — 981 Total U.S. government and agency securities 13,786 127 — — 13,913 Other sovereign government obligations 10,970 2,558 — — 13,528 Corporate and other debt: Commercial mortgage-backed securities — 2 — — 2 Corporate bonds — 5,035 — — 5,035 Lending commitments — 3 — — 3 Other debt — 5 4 — 9 Total corporate and other debt — 5,045 4 — 5,049 Corporate equities(2) 47,123 35 17 — 47,175 Derivative and other contracts: Interest rate contracts 466 305,151 1,792 — 307,409 Credit contracts — 22,160 1,505 — 23,665 Foreign exchange contracts 22 65,177 151 — 65,350 Equity contracts 570 42,447 3,115 — 46,132 Commodity contracts 3,012 9,431 2,308 — 14,751 Other — 43 — — 43 Netting(3) (3,840) (380,443) (3,120) (40,473) (427,876) Total derivative and other contracts 230 63,966 5,751 (40,473) 29,474 Total trading liabilities 72,109 71,731 5,772 (40,473) 109,139 Obligation to return securities received as collateral 19,312 3 1 — 19,316 Securities sold under agreements to repurchase — 532 151 — 683 Other secured financings — 2,393 461 — 2,854 Long-term borrowings — 31,058 1,987 — 33,045 Total liabilities measured at fair value $ 91,421 $ 107,470 $ 8,392 $ (40,473) $ 166,810 _____________ AFS—Available for sale (1) At March 31, 2016 , Loans and lending commitments h eld at fair value consisted of $ 7,455 million of corporate loans, $ 1,727 million of res idential real estate loans and $ 643 million of wholesale real estate loans. At December 31, 2015, Loans and lending commitments held at fair value consisted of $ 7,286 million of corporate loans, $ 1,885 million of residential real estate loan s and $ 1,447 million of wholesale real estate loans. (2) For trading purposes, the Company holds or sells short equity securities issued by entities in diverse industries and of varying sizes. (3) For positions with the same counterparty that cross ov er 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 cl assified within the same level is included within that shared level. For further information on derivative instruments and hedging activities, see Note 4. (4 ) Amounts exclude c ertain investments that are measured at fair value using the net asset v alue (“NAV”) per share, which are not classified in the fair value hierarchy. At March 31, 2016 and December 31, 2015, the fair value of these investments was $ 3,388 million and $ 3,843 million, respectively. For additional disclosu re about such investments, see “Fair Value of Investments Measured at Net Asset Value” herein.
Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis	Roll-forward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis. Beginning Balance at December 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at March 31, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at March 31, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ 5 $ — $ — $ — $ — $ 3 $ 8 $ 5 Other sovereign government obligations 4 — — (2) — — 6 8 — Corporate and other debt: State and municipal securities 19 — — (15) — — 1 5 — Residential mortgage-backed securities 341 (24) 19 (67) — — 23 292 (17) Commercial mortgage-backed securities 72 (9) — (15) — — 11 59 (9) Asset-backed securities 25 (1) 1 (17) — — (4) 4 — Corporate bonds 267 44 17 (98) — — (6) 224 28 Collateralized debt and loan obligations 430 (14) 114 (113) — — (69) 348 (4) Loans and lending commitments 5,936 (60) 952 (319) — (351) 27 6,185 (64) Other debt 448 5 75 (9) — — 8 527 5 Total corporate and other debt 7,538 (59) 1,178 (653) — (351) (9) 7,644 (61) Corporate equities 433 11 78 (44) — — (48) 430 6 Net derivative and other contracts(2): Interest rate contracts 260 470 5 — (14) (30) (522) 169 411 Credit contracts (844) 28 — — — 67 26 (723) 24 Foreign exchange contracts 141 (61) — — — (105) 151 126 (38) Equity contracts(3) (2,031) (135) 137 — (128) 294 31 (1,832) (12) Commodity contracts 1,050 73 9 — (61) (57) 186 1,200 68 Total net derivative and other contracts (1,424) 375 151 — (203) 169 (128) (1,060) 453 Investments: Principal investments 486 (43) 365 (29) — (41) 5 743 (43) Other 221 12 — (25) — — (29) 179 12 Total investments 707 (31) 365 (54) — (41) (24) 922 (31) Securities received as collateral 1 — — (1) — — — — — Intangible assets 5 — — (1) — — — 4 (1) Liabilities at Fair Value Deposits $ 19 $ (2) $ — $ — $ 2 $ — $ — $ 23 $ (2) Short-term borrowings 1 — — — — (1) — — — Trading liabilities: Corporate and other debt: Corporate bonds — (4) (2) 9 — — (5) 6 (4) Lending commitments — (1) — — — — — 1 (1) Other debt 4 7 — 7 — — — 4 7 Total corporate and other debt 4 2 (2) 16 — — (5) 11 2 Corporate equities 17 (4) (15) 13 — — 12 31 (4) Obligation to return securities received as collateral 1 — — — — — — 1 — Securities sold under agreements to repurchase 151 — — — — — — 151 — Other secured financings 461 (18) — — 47 (22) (50) 454 (18) Long-term borrowings 1,987 (46) — — 72 (79) (228) 1,798 (45) Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at March 31, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at March 31, 2015 (dollars in millions) Assets at Fair Value Trading assets: Other sovereign government obligations $ 41 $ 1 $ 2 $ (32) $ — $ — $ (1) $ 11 $ 1 Corporate and other debt: Residential mortgage-backed securities 175 17 58 (40) — — 86 296 12 Commercial mortgage-backed securities 96 (2) 96 (10) — — — 180 (2) Asset-backed securities 76 (2) 57 (29) — — (35) 67 3 Corporate bonds 386 38 129 (141) — — 12 424 38 Collateralized debt and loan obligations 1,152 79 241 (397) — (253) — 822 2 Loans and lending commitments 5,874 41 914 (213) — (1,807) (20) 4,789 40 Other debt 285 (10) 68 (1) — (5) 149 486 2 Total corporate and other debt 8,044 161 1,563 (831) — (2,065) 192 7,064 95 Corporate equities 272 19 30 (98) — — 7 230 12 Net derivative and other contracts(2): Interest rate contracts (173) 128 6 — (11) 65 (511) (496) 119 Credit contracts (743) (247) 14 — (30) 7 15 (984) (252) Foreign exchange contracts 151 62 — — — 97 (13) 297 62 Equity contracts(3) (2,165) (273) 33 — (176) (54) 163 (2,472) (324) Commodity contracts 1,146 295 — — — (37) (59) 1,345 262 Total net derivative and other contracts (1,784) (35) 53 — (217) 78 (405) (2,310) (133) Investments: Principal investments 835 17 11 (34) — — — 829 9 Other 323 (12) 2 (5) — — 83 391 (10) Total investments 1,158 5 13 (39) — — 83 1,220 (1) Securities received as collateral — — 33 — — — — 33 — Intangible assets 6 — — — — (1) — 5 — Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (4) $ (1) $ 8 $ — $ — $ (66) $ 23 $ (4) Lending commitments 5 5 — — — — — — 5 Other debt 38 6 (11) 5 — — (3) 23 6 Total corporate and other debt 121 7 (12) 13 — — (69) 46 7 Corporate equities 45 1 — 7 — — (1) 50 1 Obligation to return securities received as collateral — — — 33 — — — 33 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (8) — — — (24) — 133 1 Long-term borrowings 1,934 17 — — 115 (142) (152) 1,738 10 ___________ (1) Loan originations and consolidations of VIEs are included in purchases. (2) Net derivative and other contracts 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 4 . (3) Net liability Level 3 derivative equity contracts 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.
Quantitative Information about and Sensitivity of Significant Unobservable Inputs used in Recurring Level 3 Fair Value Measurements	Recurring Level 3 Fair Value Measurements Valuation Techniques and Sensitivity of Unobservable Inputs. Balance at March 31, 2016 Valuation 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 at Fair Value Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 292 Comparable pricing: Comparable bond price / (A) 0 to 79 points 27 points Commercial mortgage-backed securities 59 Comparable pricing: Comparable bond price / (A) 0 to 9 points 1 point Corporate bonds 224 Comparable pricing(3): Comparable bond price / (A) 3 to 118 points 63 points Comparable pricing: EBITDA multiple / (A) 5 to 10 times 7 times Collateralized debt and loan obligations 348 Comparable pricing(3): Comparable bond price / (A) 55 to 100 points 66 points Correlation model: Credit correlation / (B) 27% to 60% 37% Loans and lending commitments 6,185 Corporate loan model: Credit spread / (C) 323 to 989 bps 581 bps Margin loan model(3): Credit spread / (C)(D) 30 to 101 bps 74 bps Volatility skew / (C)(D) 19% to 53% 29% Discount rate / (C)(D) 1% to 9% 2% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 38 to 100 points 90 points Expected recovery: Asset coverage / (A) 48% to 100% 91% Discounted cash flow: Implied weighted average cost of capital / (C)(D) 6% to 7% 7% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 527 Comparable pricing: Comparable loan price / (A) 4 to 87 points 65 points Comparable pricing: Comparable bond price / (A) 7 points 7 points Option model: At the money volatility / (C) 16% to 53% 53% Margin loan model(3): Discount rate / (C) 1% to 2% 2% Corporate equities 430 Comparable pricing: Comparable price / (A) 46% to 59% 54% Comparable pricing(3): Comparable equity price / (A) 100% 100% Net derivative and other contracts(4): Interest rate contracts 169 Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 2 times 2 times Interest rate - Foreign exchange correlation / (C)(D) 25% to 56% 42% / 43% (5) Interest rate volatility skew / (A)(D) 31% to 116% 66% / 66% (5) Interest rate quanto correlation / (A)(D) -9% to 35% 5% / -7% (5) Interest rate curve correlation / (C)(D) 27% to 96% 69% / 75% (5) Inflation volatility / (A)(D) 58% to 60% 59% / 59% (5) Interest rate - Inflation correlation / (A)(D) -40% to 42% -41% / -41% (5) Credit contracts (723) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 10 points Comparable bond price / (C)(D) 0 to 75 points 24 points Correlation model(3): Credit correlation / (B) 29% to 90% 42% Foreign exchange contracts(6) 126 Option model: Interest rate - Foreign exchange correlation / (C)(D) 25% to 56% 42% / 43% (5) Foreign exchange volatility skew / (C)(D) -11% to 4% 0% / 0% (5) Interest rate volatility skew / (A)(D) 31% to 116% 66% / 66% (5) Interest rate curve / (A)(D) 0% 0% / 0% (5) Equity contracts(6) (1,832) Option model: At the money volatility / (A)(D) 7% to 86% 33% Volatility skew / (C)(D) -5% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 97% 78% Equity - Foreign exchange correlation / (C)(D) -60% to -21% -36% Equity - Interest rate correlation / (C)(D) -29% to 50% 17% / 8% (5) Commodity contracts 1,200 Option model: Forward power price / (C)(D) $1 to $93 per $31 per megawatt hour megawatt hour Commodity volatility / (A)(D) 7% to 55% 17% Cross commodity correlation / (C)(D) 43% to 99% 93% Investments: Principal investments 743 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 12% to 17% 14% Exit multiple / (A)(D) 8 to 14 times 8 times Market approach(3): EBITDA multiple / (A)(D) 6 to 26 times 11 times Forward capacity price / (A)(D) $5 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 81% Other 179 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 9% 9% Exit multiple / (A)(D) 13 times 13 times Market approach: EBITDA multiple / (A)(D) 6 to 14 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase 151 Discounted cash flow: Funding spread / (A) 104 to 130 bps 120 bps Other secured financings 454 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% to 14% 5% Discounted cash flow: Funding spread / (A) 94 to 130 bps 112 bps Long-term borrowings 1,798 Option model(3): At the money volatility / (C)(D) 6% to 55% 28% Volatility skew / (C)(D) -2% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 97% 73% Equity - Foreign exchange correlation / (A)(D) -60% to -13% -28% Option model: Interest rate volatility skew / (A)(D) 25% to 50% 38% Equity volatility discount / (C)(D) 10% to 20% 15% Option model: Interest rate - Foreign exchange correlation / (A)(D) 25% to 56% 42% / 43% (5) Correlation model: Credit correlation / (B) 29% to 60% 42% Comparable pricing: Comparable equity price / (A) 100% 100% Valuation Technique(s) / Significant Unobservable Input(s) / Balance at Sensitivity of the Fair Value to Changes December 31, 2015 in the Unobservable Inputs Range(1) Averages(2) (dollars in millions) Assets at Fair Value Trading assets: Corporate and other debt: Residential mortgage-backed securities $ 341 Comparable pricing: Comparable bond price / (A) 0 to 75 points 32 points Commercial mortgage-backed securities 72 Comparable pricing: Comparable bond price / (A) 0 to 9 points 2 point Corporate bonds 267 Comparable pricing(3): Comparable bond price / (A) 3 to 119 points 90 points Comparable pricing: EBITDA multiple / (A) 7 to 9 times 8 times Structured bond model: Discount rate / (C) 15% 15% Collateralized debt and loan obligations 430 Comparable pricing(3): Comparable bond price / (A) 47 to 103 points 67 points Correlation model: Credit correlation / (B) 39% to 60% 49% Loans and lending commitments 5,936 Corporate loan model: Credit spread / (C) 250 to 866 bps 531 bps Margin loan model(3): Credit spread / (C)(D) 62 to 499 bps 145 bps Volatility skew / (C)(D) 14% to 70% 33% Discount rate / (C)(D) 1% to 4% 2% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 35 to 100 points 88 points Discounted cash flow: Implied weighted average cost of capital / (C)(D) 6% to 8% 7% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 448 Comparable pricing: Comparable loan price / (A) 4 to 84 points 59 points Comparable pricing: Comparable bond price / (A) 8 points 8 points Option model: At the money volatility / (C) 16% to 53% 53% Margin loan model(3): Discount rate / (C) 1% 1% Corporate equities 433 Comparable pricing: Comparable price / (A) 50% to 80% 72% Comparable pricing(3): Comparable equity price / (A) 100% 100% Market approach: EBITDA multiple / (A) 9 times 9 times Net derivative and other contracts(4): Interest rate contracts 260 Option model: Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times 2 times Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% 43% / 43%(5) Interest rate volatility skew / (A)(D) 29% to 82% 43% / 40%(5) Interest rate quanto correlation / (A)(D) -8% to 36% 5% / -6%(5) Interest rate curve correlation / (C)(D) 24% to 95% 60% / 69%(5) Inflation volatility / (A)(D) 58% 58% / 58%(5) Interest rate - Inflation correlation / (A)(D) -41% to -39% -41% / -41%(5) Credit contracts (844) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 9 points Comparable bond price / (C)(D) 0 to 75 points 24 points Correlation model(3): Credit correlation / (B) 39% to 97% 57% Foreign exchange contracts(6) 141 Option model: Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% 43% / 43%(5) Interest rate volatility skew / (A)(D) 29% to 82% 43% / 40 %(5) Interest rate curve / (A)(D) 0% 0% / 0%(5) Equity contracts(6) (2,031) Option model: At the money volatility / (A)(D) 16% to 65% 32% Volatility skew / (A)(D) -3% to 0% -1% Equity - Equity correlation / (C)(D) 40% to 99% 71% Equity - Foreign exchange correlation / (A)(D) -60% to -11% -39% Equity - Interest rate correlation / (C)(D) -29% to 50% 16% / 8%(5) Commodity contracts 1,050 Option model: Forward power price / (C)(D) $3 to $91 per $32 per megawatt hour megawatt hour Commodity volatility / (A)(D) 10% to 92% 18% Cross commodity correlation / (C)(D) 43% to 99% 93% Investments: Principal investments 486 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 16% 16% Exit multiple / (A)(D) 8 to 14 times 9 times Capitalization rate / (C)(D) 5% to 9% 6% Equity discount rate / (C)(D) 20% to 35% 26% Market approach(3): EBITDA multiple / (A)(D) 8 to 20 times 11 times Forward capacity price / (A)(D) $5 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 81% Other 221 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 10% 10% Exit multiple / (A)(D) 13 times 13 times Market approach: EBITDA multiple / (A) 7 to 14 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase $ 151 Discounted cash flow: Funding spread / (A) 86 to 116 bps 105 bps Other secured financings 461 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% to 13% 4% Discounted cash flow: Funding spread / (A) 95 to 113 bps 104 bps Long-term borrowings 1,987 Option model(3): At the money volatility / (C)(D) 20% to 50% 29% Volatility skew / (A)(D) -1% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 97% 77% Equity - Foreign exchange correlation / (C)(D) -70% to -11% -39% Option model: Interest rate volatility skew / (A)(D) 50% 50% Equity volatility discount / (A)(D) 10% 10% Correlation model: Credit correlation / (B) 40% to 60% 52% Comparable pricing: Comparable equity price / (A) 100% 100% ________________ bps—Basis points. EBITDA— Earnings before interest, taxes, depreciation and amortization. (1) The range of significant unobservable inputs is represented in points, percentages, basis points, times or megawatt hours. Points are a percentage of par; for example, 79 points would be 79 % of par. A basis point equals 1/100th of 1%; for example, 989 bps would equal 9.89 % . (2) Amounts represent weighted averages except wh ere simple averages 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, pr incipal investments, 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 a djustments (“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 c urve is unobservable. 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 certain 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 mea surements than a single point weighted average. (6) Includes derivative contracts with multiple risks ( i.e., hybrid products). Sensitivity of the fair value to changes in the unobservable inputs: (A) Significant increase (decrease) in the unobserva ble 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) correlation 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	Investments in Certain Funds Measured at NAV per Share . At March 31, 2016 At December 31, 2015 Fair Value Commitment Fair Value Commitment (dollars in millions) Private equity funds $ 1,768 $ 467 $ 1,917 $ 538 Real estate funds 1,274 113 1,337 128 Hedge funds: Long-short equity hedge funds 193 ─ 422 ─ Fixed income/credit-related hedge funds 52 ─ 71 ─ Event-driven hedge funds 2 ─ 2 ─ Multi-strategy hedge funds 99 4 94 4 Total $ 3,388 $ 584 $ 3,843 $ 670 At March 31, 2016 Fund Type Less than 5 years 5-10 years Over 10 years Total (dollars in millions) Private equity funds $ 141 $ 926 $ 701 $ 1,768 Real estate funds 97 708 469 1,274 At March 31, 2016 Fair Value Gate Restrictions Remaining Exit Restriction Period (dollars in millions) Long-short equity $ 193 26% Indefinite Fixed income/credit-related 52 73% Indefinite Event-driven 2 N/A N/A Multi-strategy(1) 99 N/A N/A (1) A pproximately 21% of the fair value of multi-strategy investments is subject to lock-up restrictions, which have remaining periods primarily over three years at March 31, 2016 .
Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election	Impact on Earnings of Transactions Under the Fair Value Option Election . Interest Gains (Losses) Trading Income Included in Revenues (Expense) Net Revenues (dollars in millions) Three Months Ended March 31, 2016 Securities purchased under agreements to resell $ ─ $ 2 $ 2 Deposits(1) (2) ─ (2) Short-term borrowings(1) 45 ─ 45 Securities sold under agreements to repurchase(1) (9) (2) (11) Long-term borrowings(1) (965) (139) (1,104) Three Months Ended March 31, 2015 Securities purchased under agreements to resell $ (1) $ ─ $ (1) Short-term borrowings(2) (40) ─ (40) Securities sold under agreements to repurchase(2) (2) (1) (3) Long-term borrowings(2) 937 (132) 805 G ains (losses) are mainly attributable to changes in foreign currency rates or interest rates or movements in t he reference price or index for short-term and long-term borrowings before the impact of related hedges. In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Fin ancial Liabilities , unrealized DVA gains of $ 323 million are recorded within OCI in the condensed consolidated statements of comprehensive income and not included in the above table for the quarter ended March 31, 2016. See Notes 2 and 14 for further infor mation. Gains (losses) recorded in Trading revenues for the quarter ended March 31, 2015 are attributable to DVA and the respective remainder is attributable to changes in foreign currency rates or interest rates or movements in the reference price or in dex for structured notes before the impact of related hedges.
Breakdown of Outstanding Short-term and Long-term Borrowings	Business Unit Responsible for Risk Management At March 31, 2016 At December 31, 2015 (dollars in millions) Equity $ 19,006 $ 17,789 Interest rates 15,657 14,255 Credit and foreign exchange 1,704 2,266 Commodities 338 383 Total $ 36,705 $ 34,693
Gains (Losses) Due to Changes in Instrument Specific Credit Risk	Gains (Losses) due to Changes in Instrument-Specific Credit Risk . Three Months Ended March 31, 2016 2015 Trading Revenues OCI Trading Revenues OCI (dollars in millions) Short-term and long-term borrowings(1) $ 41 $ 319 $ 125 $ ─ Securities sold under agreements to repurchase(1) ─ 4 ─ ─ Loans and other debt(2) (100) ─ 77 ─ Lending commitments(3) 1 ─ 9 ─ _____________ (1) In accordance with the early adoption of a provision of the accounting update, Recognition and Measurement of Financial Assets and Financial Liabilities , for the quarter ended March 31, 2016 DVA gains (losses) are recorded in OCI when unrealized and in T rading revenues when realized. In the quarter ended March 31, 2015, the realized and unrealized DVA gains (losses) are recorded in Trading revenues. Th e cumulative impact of changes in the Company’ s DVA and the pre-tax amount recognized in AOCI is a loss of $138 million at March 31, 2016. See Notes 2 and 14 for further information . (2) Loans and other debt instrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses, such as those due to ch anges in interest rates. (3) Gains (losses) on 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	Net Difference of Contractual Principal Amount Over Fair Value . At March 31, 2016 At December 31, 2015 (dollars in millions) Loans and other debt(1) $ 14,353 $ 14,095 Loans 90 or more days past due and/or on nonaccrual status(1)(2) 12,177 11,651 Short-term and long-term borrowings(3) 344 508 _____________ (1) The majority of the difference between principal and fair value amounts for loans and other debt emanates from the distressed debt trading business, which purchases distressed debt at amounts well below par. (2) The aggregate fair value of loans that were in nonaccrual status was $ 2,267 million and $ 1,853 million at March 31, 2016 and December 31, 2015 , respectively , which includes all loans 90 or more days past due of $ 887 million and $ 885 million at March 31, 2016 and December 31, 2015 , respectively. (3) Short-term and long-term borrowings do not include structured notes where the repayment of the i nitial principal amount fluctuates based on changes in the reference price or index.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis. Fair Value by Level Total Gains (Losses) Carrying for the Value at Three Months Ended March 31, March 31, 2016 Level 1 Level 2 Level 3 2016(1) (dollars in millions) Assets: Loans(2) $ 6,515 $ ─ $ 3,359 $ 3,156 $ (80) Other assets—Other investments(3) 27 ─ ─ 27 (3) Other assets—Premises, equipment and software costs(4) ─ ─ ─ ─ (5) Total assets $ 6,542 $ ─ $ 3,359 $ 3,183 $ (88) Liabilities: Other liabilities and accrued expenses(2) $ 459 $ ─ $ 379 $ 80 $ (20) Total liabilities $ 459 $ ─ $ 379 $ 80 $ (20) Fair Value by Level Total Gains (Losses) Carrying for the Value at Three Months Ended March 31, March 31, 2015 Level 1 Level 2 Level 3 2015(1) (dollars in millions) Assets: Loans(2) $ 3,346 $ ─ $ 2,521 $ 825 $ (24) Other assets—Other investments(3) 35 ─ ─ 35 (2) Other assets—Premises, equipment and software costs(4) software costs(5) ─ ─ ─ ─ (19) Total assets $ 3,381 $ ─ $ 2,521 $ 860 $ (45) Liabilities: Other liabilities and accrued expenses(2) $ 245 $ ─ $ 203 $ 42 $ (7) Total liabilities $ 245 $ ─ $ 203 $ 42 $ (7) ___________________ (1) C hanges in the fair value of Loans and losses related to Other assets—Other investments are recorded within Other revenues in the condensed consolidated statements of income. Losses related to Other assets—Premises, equipment and software costs are recorded within Other expenses if not held for sale and within O ther revenues if held for sale. Changes in the fair value of lending commitments reported in Other liabilities and accrued expenses that are designated as held for sale are recorded within Other revenues, whereas, changes in the fair value related to held for investment lending commitments are r ecorded within Other expenses. (2) Non- recurring changes in the fair value of loans and lending commitments held for investment were calculated using the value of the underlying collateral. Loans and lending commitments 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. (3) Losses related to Other assets— Other investments were determined primarily using discounted cash flow models and methodologies that incorporate multiples of certain comparable companies. (4) Losses related to Other assets— Premises, equipment and software costs were determined primarily using a default recovery analysis.
Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value. The tables below exclude certain financial instruments such as equity method investments and all non-financial assets and liabilities such as the value of the long-term relationships with our deposit customers. At March 31, 2016 Fair Value by Level Carrying Value Fair Value Level 1 Level 2 Level 3 (dollars in millions) Financial Assets: Cash and due from banks $ 22,797 $ 22,797 $ 22,797 $ — $ — Interest bearing deposits with banks 30,841 30,841 30,841 — — Investment securities—HTM securities 9,425 9,478 1,963 7,515 — Securities purchased under agreements to resell 98,219 98,246 — 97,727 519 Securities borrowed 140,413 140,416 — 140,314 102 Customer and other receivables(1) 40,935 40,823 — 36,227 4,596 Loans(2) 88,802 89,831 — 21,858 67,973 Other assets—Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 31,808 31,808 31,808 — — Financial Liabilities: Deposits $ 156,944 $ 158,238 $ — $ 158,238 $ — Short-term borrowings 412 412 — 412 — Securities sold under agreements to repurchase 40,612 40,684 — 38,701 1,983 Securities loaned 17,140 17,160 — 17,160 — Other secured financings 6,693 6,704 — 5,355 1,349 Customer and other payables(1) 191,137 191,137 — 191,137 — Long-term borrowings 126,796 128,520 — 128,520 — At December 31, 2015 Fair Value by Level Carrying Value Fair Value Level 1 Level 2 Level 3 (dollars in millions) Financial Assets: Cash and due from banks $ 19,827 $ 19,827 $ 19,827 $ — $ — Interest bearing deposits with banks 34,256 34,256 34,256 — — Investment securities—HTM securities 5,244 5,188 998 4,190 — Securities purchased under agreements to resell 86,851 86,837 — 86,186 651 Securities borrowed 142,416 142,414 — 142,266 148 Customer and other receivables(1) 41,676 41,576 — 36,752 4,824 Loans(2) 85,759 86,423 — 19,241 67,182 Other assets—Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 31,469 31,469 31,469 — — Financial Liabilities: Deposits $ 155,909 $ 156,163 $ — $ 156,163 $ — Short-term borrowings 525 525 — 525 — Securities sold under agreements to repurchase 36,009 36,060 — 34,150 1,910 Securities loaned 19,358 19,382 — 19,192 190 Other secured financings 6,610 6,610 — 5,333 1,277 Customer and other payables(1) 183,895 183,895 — 183,895 — Long-term borrowings 120,723 123,219 — 123,219 — ___________________ 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.

Derivative Instruments and He30

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value, Notional and Offsetting of Derivative Instruments Designated and Not Designated as Accounting Hedges by Type of Derivative Contract	Derivative Assets at March 31, 2016 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 3,209 $ 2,897 $ — $ 6,106 $ 34,259 $ 57,400 $ — $ 91,659 Foreign exchange contracts 27 — — 27 1,527 — — 1,527 Total derivatives designated as accounting hedges 3,236 2,897 — 6,133 35,786 57,400 — 93,186 Derivatives not designated as accounting hedges(1): Interest rate contracts 273,635 146,182 242 420,059 4,254,497 5,634,287 1,243,384 11,132,168 Credit contracts 16,774 3,527 — 20,301 535,066 157,290 — 692,356 Foreign exchange contracts 72,794 423 76 73,293 1,900,339 14,915 11,542 1,926,796 Equity contracts 21,174 — 23,356 44,530 288,517 — 259,466 547,983 Commodity contracts 13,786 — 3,832 17,618 67,085 — 82,933 150,018 Other 19 — — 19 2,111 — — 2,111 Total derivatives not designated as accounting hedges 398,182 150,132 27,506 575,820 7,047,615 5,806,492 1,597,325 14,451,432 Total gross derivatives(2) $ 401,418 $ 153,029 $ 27,506 $ 581,953 $ 7,083,401 $ 5,863,892 $ 1,597,325 $ 14,544,618 Amounts offset: Counterparty netting (314,379) (149,342) (24,456) (488,177) Cash collateral netting (55,371) (2,562) — (57,933) Total derivative assets at fair value included in Trading assets $ 31,668 $ 1,125 $ 3,050 $ 35,843 Amounts not offset(3): Financial instruments collateral (10,299) — — (10,299) Other cash collateral (13) — — (13) Net exposure $ 21,356 $ 1,125 $ 3,050 $ 25,531 Derivative Liabilities at March 31, 2016 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Foreign exchange contracts $ 364 $ 28 $ — $ 392 $ 8,267 $ 783 $ — $ 9,050 Total derivatives designated as . accounting hedges 364 28 — 392 8,267 783 — 9,050 Derivatives not designated as accounting hedges(1): Interest rate contracts 251,687 147,016 347 399,050 3,943,566 5,517,043 903,713 10,364,322 Credit contracts 17,616 3,651 — 21,267 569,403 144,845 — 714,248 Foreign exchange contracts 76,098 503 49 76,650 1,960,735 15,602 6,107 1,982,444 Equity contracts 23,973 — 23,906 47,879 331,715 — 252,398 584,113 Commodity contracts 11,240 — 3,499 14,739 62,976 — 65,323 128,299 Other 116 — — 116 4,858 — — 4,858 Total derivatives not designated as accounting hedges 380,730 151,170 27,801 559,701 6,873,253 5,677,490 1,227,541 13,778,284 Total gross derivatives(2) $ 381,094 $ 151,198 $ 27,801 $ 560,093 $ 6,881,520 $ 5,678,273 $ 1,227,541 $ 13,787,334 Amounts offset: Counterparty netting (314,379) (149,342) (24,456) (488,177) Cash collateral netting (36,868) (1,651) — (38,519) Total derivative liabilities at fair value included in Trading liabilities $ 29,847 $ 205 $ 3,345 $ 33,397 Amounts not offset(3): Financial instruments collateral (8,368) — (308) (8,676) Other cash collateral (4) (25) — (29) Net exposure $ 21,475 $ 180 $ 3,037 $ 24,692 Derivative Assets at December 31, 2015 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 2,825 $ 1,442 $ — $ 4,267 $ 36,999 $ 35,362 $ — $ 72,361 Foreign exchange contracts 166 1 — 167 5,996 167 — 6,163 Total derivatives designated as accounting hedges 2,991 1,443 — 4,434 42,995 35,529 — 78,524 Derivatives not designated as accounting hedges(4): Interest rate contracts 220,289 101,276 212 321,777 4,348,002 5,748,525 1,218,645 11,315,172 Credit contracts 19,310 3,609 — 22,919 585,731 139,301 — 725,032 Foreign exchange contracts 64,438 295 55 64,788 1,907,290 13,402 7,715 1,928,407 Equity contracts 20,212 — 20,077 40,289 316,770 — 229,859 546,629 Commodity contracts 13,114 — 4,038 17,152 67,449 — 82,313 149,762 Other 219 — — 219 5,684 — — 5,684 Total derivatives not designated as accounting hedges 337,582 105,180 24,382 467,144 7,230,926 5,901,228 1,538,532 14,670,686 Total gross derivatives(2) $ 340,573 $ 106,623 $ 24,382 $ 471,578 $ 7,273,921 $ 5,936,757 $ 1,538,532 $ 14,749,210 Amounts offset: Counterparty netting (265,707) (104,294) (21,592) (391,593) Cash collateral netting (50,335) (1,037) — (51,372) Total derivative assets at fair value included in Trading assets $ 24,531 $ 1,292 $ 2,790 $ 28,613 Amounts not offset(3): Financial instruments collateral (9,190) — — (9,190) Other cash collateral (9) — — (9) Net exposure $ 15,332 $ 1,292 $ 2,790 $ 19,414 Derivative Liabilities at December 31, 2015 Fair Value Notional Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total (dollars in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 20 $ 250 $ — $ 270 $ 3,560 $ 9,869 $ — $ 13,429 Foreign exchange contracts 56 6 — 62 4,604 455 — 5,059 Total derivatives designated as accounting hedges 76 256 — 332 8,164 10,324 — 18,488 Derivatives not designated as accounting hedges(4): Interest rate contracts 203,004 103,852 283 307,139 4,030,039 5,682,322 1,077,710 10,790,071 Credit contracts 19,942 3,723 — 23,665 562,027 131,388 — 693,415 Foreign exchange contracts 65,034 232 22 65,288 1,868,015 13,322 2,655 1,883,992 Equity contracts 25,708 — 20,424 46,132 332,734 — 229,266 562,000 Commodity contracts 10,864 — 3,887 14,751 59,169 — 62,974 122,143 Other 43 — — 43 4,114 — — 4,114 Total derivatives not designated as accounting hedges 324,595 107,807 24,616 457,018 6,856,098 5,827,032 1,372,605 14,055,735 Total gross derivatives(2) $ 324,671 $ 108,063 $ 24,616 $ 457,350 $ 6,864,262 $ 5,837,356 $ 1,372,605 $ 14,074,223 Amounts offset: Counterparty netting (265,707) (104,294) (21,592) (391,593) Cash collateral netting (33,332) (2,951) — (36,283) Total derivative liabilities at fair value included in Trading liabilities $ 25,632 $ 818 $ 3,024 $ 29,474 Amounts not offset(3): Financial instruments collateral (5,384) — (405) (5,789) Other cash collateral (5) — — (5) Net exposure $ 20,243 $ 818 $ 2,619 $ 23,680 _____________ (1) Notional amounts include gross notionals related to open long and short futures contracts of $ 967.4 billion and $ 399.2 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 895 million and $ 371 million is included in Customer and other receivables and Customer and other payables, res pectively, in the condensed consolidated balance sheet. (2) Amounts include $ 5.3 billion of derivative assets and $ 5.8 billion of derivative liabilities at March 31, 2016 and $ 4.2 billion of derivative assets and $ 5.2 billion of derivative liabilities at December 31, 2015 , 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 enforceabl e. (3) Amounts relate to master netting agreements and collateral agreements that 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 ac counting guidance. (4) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,009.5 billion and $ 653.0 billion, respectively. The unsettled fair value on these futures contracts (excluded from the table above) of $ 1 ,145 million and $ 437 million is included in Customer and other receivables and Customer and other payables, respectively, in the condensed consolidated balance sheet.
Summary of Gains or Losses Reported on Derivative Instruments Designated and Not Designated as Accounting Hedges	Gains (Losses) Recognized in Interest Expense Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Derivatives $ 2,150 $ 758 Borrowings (2,289) (843) Total $ (139) $ (85) Gains (Losses) on Derivatives Designated as Net Investment Hedges. Gains (Losses) Recognized in OCI (effective portion) Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Foreign exchange contracts(1) $ (224) $ 262 ____________ (1) Losses of $ 20 million and $ 44 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the quarters ended March 31, 2016 and 2015 , respectively. Gains (Losses) on Trading Instruments. The table below summarizes gains and losses included in Trading revenues in the condensed consolidated statement s of income from trading activities. These activities include revenues related to d erivative and non-derivative financial instruments. The Company generally utilizes financial instruments across a variety of product types in connection with their market-making and related risk management strategies. Accordingly, the trading revenues pres ented below are not representative of the manner in which the Company manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Gains (Losses) Recognized in Trading Revenues Three Months Ended March 31, Product Type 2016 2015 (dollars in millions) Interest rate contracts $ 306 $ 570 Foreign exchange contracts 237 345 Equity security and index contracts(1) 1,330 1,595 Commodity and other contracts(2) (144) 676 Credit contracts 336 339 Subtotal $ 2,065 $ 3,525 Debt valuation adjustments(3) — 125 Total trading revenue $ 2,065 $ 3,650 ____________ (1) Dividend income is included within equity security and index contracts. (2) Other contracts represent contracts not reported as interest rate, foreign exchange, equity security and index or credit contracts. (3) In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , unrealized DVA gains (losses) in the quarter ended March 31, 2016 are recorded within OCI in the c ondensed consolidated statements of comprehensive income. In the quarter ended March 31, 2015, the DVA gains (losses) were recorded within Trading revenues in the condensed consolidated statements of income. See Notes 2 and 14 for further information.
Summary by Counterparty Credit Rating and Remaining Contract Maturity of the Fair Value of OTC Derivatives in a Gain Position	Fair Value at March 31, 2016(1) Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral(4) Credit Rating(2) Less than 1 1 - 3 3 - 5 Over 5 (dollars in millions) AAA $ 182 $ 567 $ 1,344 $ 4,683 $ (5,272) $ 1,504 $ 1,425 AA 2,524 1,488 1,750 12,747 (13,148) 5,361 3,045 A 10,143 7,440 4,984 26,567 (38,249) 10,885 7,603 BBB 4,953 4,487 2,246 13,055 (16,119) 8,622 6,426 Non-investment grade 5,065 2,804 1,277 5,024 (7,762) 6,408 3,982 Total $ 22,867 $ 16,786 $ 11,601 $ 62,076 $ (80,550) $ 32,780 $ 22,481 Fair Value at December 31, 2015(1) Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting(3) Net Exposure Post-cash Collateral Net Exposure Post-collateral(4) Credit Rating(2) Less than 1 1-3 3-5 Over 5 (dollars in millions) AAA $ 203 $ 453 $ 827 $ 3,665 $ (4,319) $ 829 $ 715 AA 2,689 2,000 1,876 9,223 (10,981) 4,807 2,361 A 9,748 8,191 4,774 20,918 (34,916) 8,715 5,448 BBB 3,614 4,863 1,948 11,801 (15,086) 7,140 4,934 Non-investment grade 3,982 2,333 1,157 3,567 (6,716) 4,323 3,166 Total $ 20,236 $ 17,840 $ 10,582 $ 49,174 $ (72,018) $ 25,814 $ 16,624 _____________ (1) Fair values shown represent the Company’s net exposure to counterparties related to its OTC derivative products. (2) Obligor credit ratings are determined by the Credit Risk Management Department. (3) Amounts represent the netting of receivable balances with payable balances for the 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 colla teral received is netted on a counterparty basis, provided legal right of offset exists. (4) Fair value is shown, net of collateral received ( primarily cash and U.S. government and agency securities).
Credit Risk-Related Contingencies	Net Derivative Liabilities and Collateral Posted. The following table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Company has posted collateral in the normal course of business. At March 31, 2016 (dollars in millions) Net derivative liabilities $ 28,798 Collateral posted 24,146 Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade. At March 31, 2016(1) (dollars in millions) One-notch downgrade $ 1,148 Two-notch downgrade 1,496 ________ (1) Amounts include $ 1,666 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 used by the Company to manage the risk of counterparty downgrade s .
Disclosure of Credit Derivatives	At March 31, 2016 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 402,123 $ 1,055 $ 387,777 $ (1,100) Index and basket credit default swaps 214,815 (39) 181,184 (193) Tranched index and basket credit default swaps 68,229 (1,143) 152,476 2,386 Total $ 685,167 $ (127) $ 721,437 $ 1,093 At December 31, 2015 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 420,806 $ 1,980 $ 405,361 $ (2,079) Index and basket credit default swaps 199,688 (102) 173,936 (82) Tranched index and basket credit default swaps 69,025 (1,093) 149,631 2,122 Total $ 689,519 $ 785 $ 728,928 $ (39) Credit Ratings of Reference Obligation and Maturities of Credit Protection Sold . At March 31, 2016 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1) Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: Investment grade $ 87,072 $ 123,998 $ 57,920 $ 13,162 $ 282,152 $ (1,367) Non-investment grade 41,992 52,389 22,907 2,683 119,971 2,422 Total $ 129,064 $ 176,387 $ 80,827 $ 15,845 $ 402,123 $ 1,055 Index and basket credit default swaps: Investment grade $ 32,276 $ 59,013 $ 45,293 $ 19,020 $ 155,602 $ (1,802) Non-investment grade 53,291 44,154 12,657 17,340 127,442 620 Total $ 85,567 $ 103,167 $ 57,950 $ 36,360 $ 283,044 $ (1,182) Total credit default swaps sold $ 214,631 $ 279,554 $ 138,777 $ 52,205 $ 685,167 $ (127) Other credit contracts 27 44 5 323 399 (2) Total credit derivatives and other credit contracts $ 214,658 $ 279,598 $ 138,782 $ 52,528 $ 685,566 $ (129) At December 31, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability(1) Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Single name credit default swaps: Investment grade $ 84,543 $ 138,467 $ 63,754 $ 12,906 $ 299,670 $ (1,831) Non-investment grade 38,054 56,261 24,432 2,389 121,136 3,811 Total $ 122,597 $ 194,728 $ 88,186 $ 15,295 $ 420,806 $ 1,980 Index and basket credit default swaps: Investment grade $ 33,507 $ 59,403 $ 45,505 $ 5,327 $ 143,742 $ (1,977) Non-investment grade 52,590 43,899 15,480 13,002 124,971 782 Total $ 86,097 $ 103,302 $ 60,985 $ 18,329 $ 268,713 $ (1,195) Total credit default swaps sold $ 208,694 $ 298,030 $ 149,171 $ 33,624 $ 689,519 $ 785 Other credit contracts 19 107 2 332 460 (24) Total credit derivatives and other credit contracts $ 208,713 $ 298,137 $ 149,173 $ 33,956 $ 689,979 $ 761 _____________ (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investment securities
Schedule of Investment Securities	At March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 31,808 $ 151 $ 1 $ 31,958 U.S. agency securities(1) 21,662 127 35 21,754 Total U.S. government and agency securities 53,470 278 36 53,712 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,154 4 38 2,120 Non-agency 2,164 23 14 2,173 Auto loan asset-backed securities 2,328 2 1 2,329 Corporate bonds 3,930 47 7 3,970 Collateralized loan obligations 502 — 10 492 FFELP student loan asset-backed securities(2) 3,489 — 127 3,362 Total corporate and other debt 14,567 76 197 14,446 Total AFS debt securities 68,037 354 233 68,158 AFS equity securities 15 — 6 9 Total AFS securities 68,052 354 239 68,167 HTM securities: U.S. government securities: U.S. Treasury securities 1,953 10 — 1,963 U.S. agency securities(1) 7,472 44 1 7,515 Total HTM securities 9,425 54 1 9,478 Total Investment securities $ 77,477 $ 408 $ 240 $ 77,645 At December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities $ 31,555 $ 5 $ 143 $ 31,417 U.S. agency securities(1) 21,103 29 156 20,976 Total U.S. government and agency securities 52,658 34 299 52,393 Corporate and other debt: Commercial mortgage-backed securities: Agency 1,906 1 60 1,847 Non-agency 2,220 3 25 2,198 Auto loan asset-backed securities 2,556 — 9 2,547 Corporate bonds 3,780 5 30 3,755 Collateralized loan obligations 502 — 7 495 FFELP student loan asset-backed securities(2) 3,632 — 115 3,517 Total corporate and other debt 14,596 9 246 14,359 Total AFS debt securities 67,254 43 545 66,752 AFS equity securities 15 — 8 7 Total AFS securities 67,269 43 553 66,759 HTM securities: U.S. government securities: U.S. Treasury securities 1,001 — 3 998 U.S. agency securities(1) 4,223 1 34 4,190 Total HTM securities 5,224 1 37 5,188 Total Investment securities $ 72,493 $ 44 $ 590 $ 71,947 ______________ U.S. agency securities consist mainly 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	At March 31, 2016 Less than 12 Months 12 Months or Longer Total 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 $ 1,812 $ 1 $ — $ — $ 1,812 $ 1 U.S. agency securities 5,385 12 2,518 23 7,903 35 Total U.S. government and agency securities 7,197 13 2,518 23 9,715 36 Corporate and other debt: Commercial mortgage-backed securities: Agency 328 1 1,206 37 1,534 38 Non-agency 440 1 656 13 1,096 14 Auto loan asset-backed securities 1,003 1 227 — 1,230 1 Corporate bonds 461 3 388 4 849 7 Collateralized loan obligations — — 492 10 492 10 FFELP student loan asset-backed securities 1,678 51 1,661 76 3,339 127 Total corporate and other debt 3,910 57 4,630 140 8,540 197 Total AFS debt securities 11,107 70 7,148 163 18,255 233 AFS equity securities 10 6 — — 10 6 Total AFS securities 11,117 76 7,148 163 18,265 239 HTM securities: U.S. government and agency securities: U.S. agency securities 777 1 393 — 1,170 1 Total HTM securities 777 1 393 — 1,170 1 Total Investment securities $ 11,894 $ 77 $ 7,541 $ 163 $ 19,435 $ 240 At December 31, 2015 Less than 12 Months 12 Months or Longer Total 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 $ 25,994 $ 126 $ 2,177 $ 17 $ 28,171 $ 143 U.S. agency securities 14,242 135 639 21 14,881 156 Total U.S. government and agency securities 40,236 261 2,816 38 43,052 299 Corporate and other debt: Commercial mortgage-backed securities: Agency 1,185 44 422 16 1,607 60 Non-agency 1,479 21 305 4 1,784 25 Auto loan asset-backed securities 1,644 7 881 2 2,525 9 Corporate bonds 2,149 19 525 11 2,674 30 Collateralized loan obligations 352 5 143 2 495 7 FFELP student loan asset-backed securities 2,558 79 929 36 3,487 115 Total corporate and other debt 9,367 175 3,205 71 12,572 246 Total AFS debt securities 49,603 436 6,021 109 55,624 545 AFS equity securities 7 8 — — 7 8 Total AFS securities 49,610 444 6,021 109 55,631 553 HTM securities: U.S. government and agency securities: U.S. Treasury securities 898 3 — — 898 3 U.S. agency securities 3,677 34 — — 3,677 34 Total HTM securities 4,575 37 — — 4,575 37 Total Investment securities $ 54,185 $ 481 $ 6,021 $ 109 $ 60,206 $ 590
Schedule of Amortized Cost and Fair Valueof Investment Securities by Contractual Date	At March 31, 2016 Amortized Cost Fair Value Annualized Average Yield (dollars in millions) AFS debt securities: U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 5,194 $ 5,198 0.7% After 1 year through 5 years 25,757 25,885 1.0% After 5 years through 10 years 857 875 1.8% Total 31,808 31,958 U.S. agency securities: After 1 year through 5 years 2,774 2,775 0.5% After 5 years through 10 years 1,534 1,560 1.9% After 10 years 17,354 17,419 1.7% Total 21,662 21,754 Total U.S. government and agency securities 53,470 53,712 1.2% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 102 102 0.8% After 1 year through 5 years 461 461 0.9% After 5 years through 10 years 545 546 1.3% After 10 years 1,046 1,011 1.6% Total 2,154 2,120 Non-agency: After 10 years 2,164 2,173 1.9% Total 2,164 2,173 Auto loan asset-backed securities: Due within 1 year 24 24 0.8% After 1 year through 5 years 2,146 2,146 1.2% After 5 years through 10 years 158 159 1.5% Total 2,328 2,329 Corporate bonds: Due within 1 year 534 535 1.2% After 1 year through 5 years 2,660 2,678 1.7% After 5 years through 10 years 736 757 2.7% Total 3,930 3,970 Collateralized loan obligations: After 5 years through 10 years 502 492 1.5% Total 502 492 FFELP student loan asset-backed securities: After 1 year through 5 years 72 72 0.6% After 5 years through 10 years 756 737 0.9% After 10 years 2,661 2,553 0.9% Total 3,489 3,362 Total corporate and other debt 14,567 14,446 1.4% Total AFS debt securities 68,037 68,158 1.3% AFS equity securities 15 9 ― % Total AFS securities 68,052 68,167 1.3% HTM securities: U.S. government securities: U.S. Treasury securities: Due within 1 year 200 200 0.7% After 1 year through 5 years 1,408 1,418 1.1% After 5 years through 10 years 345 345 1.8% Total 1,953 1,963 U.S. agency securities: After 10 years 7,472 7,515 2.1% Total 7,472 7,515 Total HTM securities 9,425 9,478 1.9% Total Investment securities $ 77,477 $ 77,645 1.3%
Schedule of Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities	Three Months Ended March 31, 2016 2015 (dollars in millions) Gross realized gains $ 14 $ 29 Gross realized (losses) (2) (4) Total $ 12 $ 25

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Collateralized Transactions
Information of Offsetting of Assets and Liabilities	At March 31, 2016 Gross Amounts(1) Amounts Offset Net Amounts Presented Amounts Not Offset(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 159,780 $ (61,006) $ 98,774 $ (96,204) $ 2,570 Securities borrowed 146,262 (5,849) 140,413 (131,872) 8,541 Liabilities Securities sold under agreements to repurchase $ 102,311 $ (61,006) $ 41,305 $ (34,928) $ 6,377 Securities loaned 22,989 (5,849) 17,140 (16,849) 291 At December 31, 2015 Gross Amounts(1) Amounts Offset Net Amounts Presented Amounts Not Offset(2) Net Exposure (dollars in millions) Assets Securities purchased under agreements to resell $ 135,714 $ (48,057) $ 87,657 $ (84,752) $ 2,905 Securities borrowed 147,445 (5,029) 142,416 (134,250) 8,166 Liabilities Securities sold under agreements to repurchase $ 84,749 $ (48,057) $ 36,692 $ (31,604) $ 5,088 Securities loaned 24,387 (5,029) 19,358 (18,881) 477 _____________ (1) Amounts include $ 2.5 billion of Securities purchased under agreements to resell, $ 4.4 billion of Securities borrowed, $ 6.2 billion of Securities sold under agreements to repurchase and $ 0.1 billion of Securities loaned at March 31, 2016 and $2.6 billion of Securities purchased under agreements to resell, $3.0 billion of Securities borrowed and $4 .9 billion of Securities sold under agreements to repurchase at December 31, 2015 , 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 that 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 guidance.
Schedule Of SecuritiesF inancing Transactions	Gross Secured Financing Balances by Remaining Contractual Maturity. At March 31, 2016 Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 36,220 $ 18,088 $ 20,689 $ 27,314 $ 102,311 Securities loaned(1) 11,911 866 2,241 7,971 22,989 Gross amount of secured financing included in the above offsetting disclosure $ 48,131 $ 18,954 $ 22,930 $ 35,285 $ 125,300 Obligation to return securities received as collateral 17,984 — — — 17,984 Total $ 66,115 $ 18,954 $ 22,930 $ 35,285 $ 143,284 At December 31, 2015 Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total (dollars in millions) Securities sold under agreements to repurchase(1) $ 20,410 $ 25,245 $ 13,221 $ 25,873 $ 84,749 Securities loaned(1) 12,247 478 2,156 9,506 24,387 Gross amount of secured financing included in the above offsetting disclosure $ 32,657 $ 25,723 $ 15,377 $ 35,379 $ 109,136 Obligation to return securities received as collateral 19,316 — — — 19,316 Total $ 51,973 $ 25,723 $ 15,377 $ 35,379 $ 128,452 _____________ (1) Amounts are presented on a gross basis, prior to netting in the condensed consolidated balance sheet . Gross Secured Financing Balances by Class of Collateral Pledged. At March 31, 2016 At December 31, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 42,323 $ 36,609 State and municipal securities 1,151 173 Other sovereign government obligations 31,765 24,820 Asset-backed securities 356 441 Corporate and other debt 6,283 4,020 Corporate equities 19,740 18,473 Other 693 213 Total securities sold under agreements to repurchase $ 102,311 $ 84,749 Securities loaned(1) U.S. government and agency securities $ 34 $ — Other sovereign government obligations 5,907 7,336 Corporate and other debt 91 71 Corporate equities 16,935 16,972 Other 22 8 Total securities loaned $ 22,989 $ 24,387 Gross amount of secured financing included in the above offsetting disclosure $ 125,300 $ 109,136 Obligation to return securities received as collateral Corporate and other debt $ — $ 3 Corporate equities 17,981 19,313 Other 3 — Total obligation to return securities received as collateral $ 17,984 $ 19,316 Total $ 143,284 $ 128,452 _____________ (1) Amo unts are presented on a gross basis, prior to netting in the condensed consolidated balance sheet .
Schedule of Cash and Securities Segregated under Federal and Other Regulations	At March 31, 2016 At December 31, 2015 (dollars in millions) Securities(1) $ 18,909 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 31,808 31,469 Total $ 50,717 $ 45,859 _____________ Securities deposited 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 condensed consolidated balance sheet .

Loans and Allowance for Credi33

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Table of Loans Outstanding	Loans Held for Investment and Held for Sale. At March 31, 2016 At December 31, 2015 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)(2) (dollars in millions) Corporate loans $ 25,126 $ 12,000 $ 37,126 $ 23,554 $ 11,924 $ 35,478 Consumer loans 22,174 — 22,174 21,528 — 21,528 Residential real estate loans 21,780 99 21,879 20,863 104 20,967 Wholesale real estate loans 6,816 1,137 7,953 6,839 1,172 8,011 Total loans, gross of allowance for loan losses 75,896 13,236 89,132 72,784 13,200 85,984 Allowance for loan losses (330) — (330) (225) — (225) Total loans, net of allowance for loan losses $ 75,566 $ 13,236 $ 88,802 $ 72,559 $ 13,200 $ 85,759 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 9,470 million and $ 9 , 789 million at March 31, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 9,384 million and $ 79,418 million, respectively, at March 31, 2016 and $ 8 , 471 million and $ 77,288 million, respectively, at December 31, 2015 .
Table of Credit Quality Indicators for Gross Loans Held-for-investment by Product Type	Credit Quality Indicators for Loans Held for Investment, Gross of Allowance for Loan Losses, by Product Type. At March 31, 2016 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 23,129 $ 22,174 $ 21,745 $ 6,816 $ 73,864 Special mention 437 — — — 437 Substandard 1,454 — 35 — 1,489 Doubtful 106 — — — 106 Loss — — — — — Total loans $ 25,126 $ 22,174 $ 21,780 $ 6,816 $ 75,896 At December 31, 2015 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 22,040 $ 21,528 $ 20,828 $ 6,839 $ 71,235 Special mention 300 — — — 300 Substandard 1,202 — 35 — 1,237 Doubtful 12 — — — 12 Loss — — — — — Total loans $ 23,554 $ 21,528 $ 20,863 $ 6,839 $ 72,784
Table of Impaired Loans, Past Due Loans and Allowance for Held-for-investment Loans	Impaired and Past Due Loans Held for Investment. At March 31, 2016 At December 31, 2015 Loans by Product Type Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 245 $ — $ 245 $ 39 $ — $ 39 Impaired loans without allowance(1) 382 18 400 89 17 106 Impaired loans unpaid principal balance 636 20 656 130 19 149 Past due 90 days loans and on nonaccrual 1 18 19 1 21 22 (1) At March 31, 2016 and December 31, 2015 , no allowance was outstanding for these loans as the present value of the expected future cash flows (or, alternatively, the observable market price of the loan or the fair value of the collateral held) equaled or exceeded the carrying value. At March 31, 2016 At December 31, 2015 Loans by Region Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 572 $ 23 $ 50 $ 645 $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 19 — — 19 22 — — 22 Allowance for loan losses 261 43 26 330 183 34 8 225 EMEA—Europe, Middle East and Africa.
Loan and Lending-related Commitments by Impairment Methodology, and Their Respective Allowances	Allowance for Credit Losses on Lending Activities. Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for Loan Losses. Balance at December 31, 2015 $ 166 $ 5 $ 17 $ 37 $ 225 Gross charge-offs — — — — — Gross recoveries — — — — — Net recoveries/(charge-offs) — — — — — Provision for (release of) loan losses(1) 109 (1) 2 2 112 Other(2) (7) — — — (7) Balance at March 31, 2016 $ 268 $ 4 $ 19 $ 39 $ 330 Allowance for Loan Losses by Impairment Methodology. Inherent $ 160 $ 4 $ 19 $ 39 $ 222 Specific 108 — — — 108 Total allowance for loan losses at March 31, 2016 $ 268 $ 4 $ 19 $ 39 $ 330 Loans Evaluated by Impairment Methodology(3). Inherent $ 24,499 $ 22,174 $ 21,762 $ 6,816 $ 75,251 Specific 627 — 18 — 645 Total loans evaluated at March 31, 2016 $ 25,126 $ 22,174 $ 21,780 $ 6,816 $ 75,896 Allowance for Lending Commitments. Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments(4) 15 — — 1 16 Balance at March 31, 2016 $ 195 $ 1 $ — $ 5 $ 201 Allowance for Lending Commitments by Impairment Methodology. Inherent $ 184 $ 1 $ — $ 5 $ 190 Specific 11 — — — 11 Total allowance for lending commitments at March 31, 2016 $ 195 $ 1 $ — $ 5 $ 201 Lending Commitments Evaluated by Impairment Methodology(3). Inherent $ 65,682 $ 5,066 $ 327 $ 380 $ 71,455 Specific 136 — — — 136 Total lending commitments evaluated at March 31, 2016 $ 65,818 $ 5,066 $ 327 $ 380 $ 71,591 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 recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — — — 1 Provision for loan losses(1) 25 — — 1 26 Other(2) (11) — — — (11) Balance at March 31, 2015 $ 133 $ 2 $ 8 $ 22 $ 165 Allowance for Loan Losses by Impairment Methodology. Inherent $ 128 $ 2 $ 8 $ 22 $ 160 Specific 5 — — — 5 Total allowance for loan losses at March 31, 2015 $ 133 $ 2 $ 8 $ 22 $ 165 Loans Evaluated by Impairment Methodology(3). Inherent $ 21,096 $ 17,372 $ 16,833 $ 5,265 $ 60,566 Specific 25 — 20 — 45 Total loan evaluated at March 31, 2015 $ 21,121 $ 17,372 $ 16,853 $ 5,265 $ 60,611 Allowance for Lending Commitments. Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments(4) 36 — — 1 37 Other (1) — — — (1) Balance at March 31, 2015 $ 182 $ — $ — $ 3 $ 185 Allowance for Lending Commitments by Impairment Methodology. Inherent $ 182 $ — $ — $ 3 $ 185 Specific — — — — — Total allowance for lending commitments at March 31, 2015 $ 182 $ — $ — $ 3 $ 185 Lending Commitments Evaluated by Impairment Methodology(3). Inherent $ 70,153 $ 3,875 $ 287 $ 376 $ 74,691 Specific 26 — — — 26 Total lending commitments evaluated at March 31, 2015 $ 70,179 $ 3,875 $ 287 $ 376 $ 74,717 _______________ (1) The Company recorded provisions of $112 million and $26 million for loan losses for the quarters ended March 31, 2016 and 2015, respectively. (2) Amount includes the impact related to the transfer to loans held for sale and foreign currency translation adjustments. (3) Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments. (4) The Company recorded provisions of $16 million and $37 million for commitments for the quarters ended March 31, 2016 and 2015, respectively.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2016
Deposits [Abstract]
Deposits	At March 31, 2016(1) At December 31, 2015(1) (dollars in millions) Savings and demand deposits $ 154,049 $ 153,346 Time deposits(2) 3,542 2,688 Total(3) $ 157,591 $ 156,034 (1 ) Total deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015 were $ 114 billion and $ 113 billion, respectively. Of the total time deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015 , $ 15 million and $ 14 million, respectively, met or exceeded the FDIC insurance limit. (2) Certain time deposit accounts are carried at fair value under the fair value option (see Note 3). (3) The Company’s deposits were primarily held in the U.S.

Long-Term Borrowings and Othe35

Long-Term Borrowings and Other Secured Financings (Tables)	3 Months Ended
	Mar. 31, 2016
Components of Other Secured Financings
Components of Long-term Borrowings	At March 31, 2016 At December 31, 2015 (dollars in millions) Senior debt $ 149,060 $ 140,494 Subordinated debt 10,895 10,404 Junior subordinated debentures 2,849 2,870 Total $ 162,804 $ 153,768
Other Secured Financings	At March 31, 2016 At December 31, 2015 (dollars in millions) Secured financings with original maturities greater than one year $ 7,551 $ 7,629 Secured financings with original maturities one year or less 1,373 1,435 Failed sales(1) 392 400 Total $ 9,316 $ 9,464 ___________ (1) For more information on failed sales, see Note 12.

Commitments, Guarantees and C36

Commitments, Guarantees and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments, Guarantees and Contingencies [Abstract]
Commitments by Period of Expiration	Commitments. Years to Maturity at March 31, 2016 Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 114 $ — $ — $ 106 $ 220 Investment activities 550 107 16 302 975 Corporate lending commitments(1) 17,000 24,758 47,655 4,315 93,728 Consumer lending commitments 5,059 3 — 4 5,066 Residential real estate lending commitments 35 71 83 241 430 Wholesale real estate lending commitments 86 271 20 29 406 Forward-starting reverse repurchase agreements and securities borrowing agreements(2)(3) 48,472 — — — 48,472 Underwriting commitments 148 — — — 148 Total $ 71,464 $ 25,210 $ 47,774 $ 4,997 $ 149,445 (1) Due to the nature of the Company’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 4.1 billion. ( 2 ) The Company enters into forward - starting reverse repurchase and securities borrowing agreements that primarily settle within three business days of the trade date, and of the total amount at March 31, 2016 , $ 41.6 billion settled within three business days. (3) In addition, the Company 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 form of a reverse repurchase facility, with a maximum amount of approximately $ 2.2 billion.
Obligations under Guarantee Arrangements	Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity Less than 1 1-3 3-5 Over 5 Total (dollars in millions) Credit derivative contracts(1) $ 214,631 $ 279,554 $ 138,777 $ 52,205 $ 685,167 $ (127) $ — Other credit contracts 27 44 5 323 399 (2) — Non-credit derivative contracts(1) 1,186,070 699,114 298,000 533,692 2,716,876 74,940 — Standby letters of credit and other financial guarantees issued(2) 872 1,262 1,139 5,884 9,157 (111) 6,693 Market value guarantees 64 246 98 17 425 3 5 Liquidity facilities 3,154 — — — 3,154 (5) 5,029 Whole loan sales guarantees — — 2 23,426 23,428 9 — Securitization representations and warranties — — — 63,896 63,896 103 — General partner guarantees 31 36 48 311 426 74 — (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 4. (2) The se amounts include certain issued standby letters of credit participated to third parties totaling $ 0.7 billion due to the nature of the Company’s obligations under these arrangements.

Variable Interest Entities an37

Variable Interest Entities and Securitization Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Consolidated VIEs	At March 31, 2016 At December 31, 2015 VIE Assets VIE Liabilities VIE Assets VIE Liabilities (dollars in millions) Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 791 13 787 13 Asset-backed securitizations(1) 651 417 668 423 Other(2) 1,069 27 245 — Total $ 3,412 $ 457 $ 2,600 $ 436 _________ The value of assets is determined based on the fair value of the liabilities of and the interests owned by the Company in such VIEs, because the fair values for the liabilities and interests owned are more observable. Other primarily includes certain operating entities, investment funds and structured transactions . Assets and Liabilities by Balance Sheet Caption . At March 31, At December 31, 2016 2015 Assets (dollars in millions) Cash and due from banks $ 38 $ 14 Trading assets, at fair value 2,109 1,842 Customer and other receivables 13 3 Goodwill 18 — Intangible assets 143 — Other assets 1,091 741 Total assets $ 3,412 $ 2,600 Liabilities Other secured financings, at fair value $ 426 $ 431 Other liabilities and accrued expenses 31 5 Total liabilities $ 457 $ 436
Non-Consolidated VIEs	Non-Consolidated VIE Assets and Liabilities, Maximum and Carrying Value of Exposure to Loss . At March 31, 2016 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) $ 124,025 $ 10,058 $ 4,878 $ 5,023 $ 42,052 Maximum exposure to loss: Debt and equity interests $ 13,470 $ 1,319 $ 65 $ 1,756 $ 4,481 Derivative and other contracts — — 2,908 — 132 Commitments, guarantees and other 646 588 — 365 319 Total maximum exposure to loss $ 14,116 $ 1,907 $ 2,973 $ 2,121 $ 4,932 Carrying value of exposure to loss—Assets: Debt and equity interests $ 13,470 $ 1,319 $ 65 $ 1,370 $ 4,481 Derivative and other contracts — — 5 — 41 Total carrying value of exposure to loss—Assets $ 13,470 $ 1,319 $ 70 $ 1,370 $ 4,522 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 49 Commitments, guarantees and other — — — 3 11 Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 3 $ 60 At December 31, 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) $ 126,872 $ 8,805 $ 4,654 $ 2,201 $ 20,775 Maximum exposure to loss: Debt and equity interests $ 13,361 $ 1,259 $ 1 $ 1,129 $ 3,854 Derivative and other contracts — — 2,834 — 67 Commitments, guarantees and other 494 231 — 361 222 Total maximum exposure to loss $ 13,855 $ 1,490 $ 2,835 $ 1,490 $ 4,143 Carrying value of exposure to loss—Assets: Debt and equity interests $ 13,361 $ 1,259 $ 1 $ 685 $ 3,854 Derivative and other contracts — — 5 — 13 Total carrying value of exposure to loss—Assets $ 13,361 $ 1,259 $ 6 $ 685 $ 3,867 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 15 Commitments, guarantees and other — — — 3 — Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 3 $ 15 Non-Consolidated VIE Mortgage- and Asset-Backed Securitization Assets. At March 31, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests (dollars in millions) Residential mortgages $ 16,359 $ 1,006 $ 13,787 $ 1,012 Commercial mortgages 52,151 2,515 57,313 2,871 U.S. agency collateralized mortgage obligations 17,331 3,503 13,236 2,763 Other consumer or commercial loans 38,184 6,446 42,536 6,715 Total mortgage- and asset-backed securitization assets $ 124,025 $ 13,470 $ 126,872 $ 13,361
Information Regarding SPEs	At March 31, 2016 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) $ 21,705 $ 55,403 $ 14,631 $ 12,061 Retained interests (fair value): Investment grade $ — $ 85 $ 539 $ — Non-investment grade 82 96 — 1,137 Total retained interests (fair value) $ 82 $ 181 $ 539 $ 1,137 Interests purchased in the secondary market (fair value): Investment grade $ — $ 34 $ 63 $ — Non-investment grade 47 52 — 5 Total interests purchased in the secondary market (fair value) $ 47 $ 86 $ 63 $ 5 Derivative assets (fair value) $ — $ 316 $ — $ 231 Derivative liabilities (fair value) — — — 465 At December 31, 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) $ 22,440 $ 72,760 $ 17,978 $ 12,235 Retained interests (fair value): Investment grade $ — $ 238 $ 649 $ — Non-investment grade 160 63 — 1,136 Total retained interests (fair value) $ 160 $ 301 $ 649 $ 1,136 Interests purchased in the secondary market (fair value): Investment grade $ — $ 88 $ 99 $ — Non-investment grade 60 63 — 10 Total interests purchased in the secondary market (fair value) $ 60 $ 151 $ 99 $ 10 Derivative assets (fair value) $ — $ 343 $ — $ 151 Derivative liabilities (fair value) — — — 449 _____________ (1) Amounts i nclude CLO transactions managed by unrelated third parties. ( 2 ) Amounts include assets transferred by unrelated transferors. At March 31, 2016 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 624 $ — $ 624 Non-investment grade — 16 1,299 1,315 Total retained interests (fair value) $ — $ 640 $ 1,299 $ 1,939 Interests purchased in the secondary market (fair value): Investment grade $ — $ 97 $ — $ 97 Non-investment grade — 84 20 104 Total interests purchased in the secondary market (fair value) $ — $ 181 $ 20 $ 201 Derivative assets (fair value) $ — $ 508 $ 39 $ 547 Derivative liabilities (fair value) — 76 389 465 At December 31, 2015 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 886 $ 1 $ 887 Non-investment grade — 17 1,342 1,359 Total retained interests (fair value) $ — $ 903 $ 1,343 $ 2,246 Interests purchased in the secondary market (fair value): Investment grade $ — $ 187 $ — $ 187 Non-investment grade — 112 21 133 Total interests purchased in the secondary market (fair value) $ — $ 299 $ 21 $ 320 Derivative assets (fair value) $ — $ 466 $ 28 $ 494 Derivative liabilities (fair value) — 110 339 449
Schedule of proceeds from securitization transactions	Proceeds f rom New Securitization Transactions an d Retained Interests in Securitization Transactions . Three Months Ended March 31, 2016 2015 (dollars in millions) Proceeds received from new securitization transactions $ 2,713 $ 4,891 Proceeds from retained interests in securitization transactions 631 948 Proceeds from Sale s to CLO Entities Sponsored by Non-Affiliates . Three Months Ended March 31, 2016 2015 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ 31 $ 345
Schedule of exposure of securities enter into bilateral OTC equity derivatives	At March 31, 2016 At December 31, 2015 (dollars in millions) Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,020 $ 7,878 Fair value of assets sold 9,248 7,935 Fair value of derivative assets recognized in the condensed consolidated balance sheet 235 97 Fair value of derivative liabilities recognized in the condensed consolidated balance sheet 8 40
Transfers of Assets Treated as Secured Financings	At March 31, 2016 At December 31, 2015 Assets Liabilities Assets Liabilities (dollars in millions) Failed sales $ 392 $ 392 $ 400 $ 400

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2016
Regulatory Requirements
Capital Measures	Regulatory Capital Mea sures and Minimum Regulatory Capital Ratios. At March 31, 2016 At December 31, 2015 Amount Ratio Minimum Ratio(1) Amount Ratio Minimum Ratio(1) (dollars in millions) Regulatory capital and capital ratios: Common Equity Tier 1 capital $ 58,514 15.6% 5.9% $ 59,409 15.5% 4.5% Tier 1 capital 65,198 17.4% 7.4% 66,722 17.4% 6.0% Total capital 77,969 20.9% 9.4% 79,403 20.7% 8.0% Tier 1 leverage(2) — 8.2% 4.0% — 8.3% 4.0% Assets: Total RWAs $ 373,925 N/A N/A $ 384,162 N/A N/A Adjusted average assets(3) 792,268 N/A N/A 803,574 N/A N/A __________ N/A—Not Applicable. (1) Percentages represent minimum regulatory capital ratios under the transitional rules. These ratios include the following assumptions: ( i ) G-SIB capital surcharge for the Company remains at 3.0% as calculated by the Federal Reserve in July 2015; and (ii) countercyclical capital buffer remains at zero . (2) Tier 1 leverage ratios are calculated under Standardized Approach transitional rules. (3) Adjusted average assets represent the den ominator of the Tier 1 leverage ratio and are composed of the average daily balance of consolidated on-balance sheet assets under U.S. GAAP during the calendar quarter, adjusted for disallowed goodwill, transitional intangible assets, certain deferred tax assets, certain investments in the capital instruments of unconsolidated financial institutions and other adjustments. U.S. Bank Subsidiaries’ Regulatory Capital Measures and Required Capital Ratios. Morgan Stanley Bank, N.A. At March 31, 2016 At December 31, 2015 Amount Ratio Required Capital Ratio(1) Amount Ratio Required Capital Ratio(1) (dollars in millions) Common Equity Tier 1 capital $ 13,862 15.5% 6.5% $ 13,333 15.1% 6.5% Tier 1 capital 13,862 15.5% 8.0% 13,333 15.1% 8.0% Total capital 15,670 17.5% 10.0% 15,097 17.1% 10.0% Tier 1 leverage 13,862 10.1% 5.0% 13,333 10.2% 5.0% Morgan Stanley Private Bank, National Association At March 31, 2016 At December 31, 2015 Amount Ratio Required Capital Ratio(1) Amount Ratio Required Capital Ratio(1) (dollars in millions) Common Equity Tier 1 capital $ 4,660 27.0% 6.5% $ 4,197 26.5% 6.5% Tier 1 capital 4,660 27.0% 8.0% 4,197 26.5% 8.0% Total capital 4,692 27.2% 10.0% 4,225 26.7% 10.0% Tier 1 leverage 4,660 10.9% 5.0% 4,197 10.5% 5.0% (1) Capital ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes.

Total Equity (Tables)

Total Equity (Tables)	3 Months Ended
	Mar. 31, 2016
Redeemable Noncontrolling Interests and Total Equity
Preferred Stock Outstanding	Preferred Stock Outstanding . Shares Carrying Value Outstanding Liquidation At At At March 31, Preference March 31, December 31, Series 2016 per Share 2016 2015 (shares in millions) (dollars in millions) A 44,000 $ 25,000 $ 1,100 $ 1,100 C(1) 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 1,500 Total $ 7,520 $ 7,520 ____________ (1 ) Series C is compri sed of the issuance of 1,160,791 shares of Series C Preferred Stock to MUFG for an aggregate purchase price of $ 911 million, less the redemption of 640,909 shares of Series C Preferred Stock of $ 5 03 million, which were converted to common shares of approximately $ 705 million.
Changes in Accumulated Other Comprehensive Income (Loss) by Component	Changes in AOCI by Component, Net of Tax and Noncontrolling Interests. Foreign Currency Translation Adjustments Change in Net Unrealized Gains (Losses) on AFS Securities Pensions, Postretirement and Other Debt Valuation Adjustment Total (dollars in millions) Balance at December 31, 2015 $ (963) $ (319) $ (374) $ — $ (1,656) Cumulative adjustment for accounting change related to DVA(1) — — — (312) (312) Change in OCI before reclassifications 132 402 2 228 764 Amounts reclassified from AOCI(2) — (7) (1) (26) (34) Net OCI during the period 132 395 1 202 730 Balance at March 31, 2016 $ (831) $ 76 $ (373) $ (110) $ (1,238) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (220) 215 — — (5) Amounts reclassified from AOCI — (15) 2 — (13) Net OCI during the period (220) 200 2 — (18) Balance at March 31, 2015 $ (883) $ 127 $ (510) $ — $ (1,266) ___________ In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , a cumulative catch up adjustment was recorded as of January 1, 2016 to move the cumulative DVA amount, net of noncontrolling interest and tax, related to outstanding liabilities under the fair value option election from Retained earnings into AOCI. See N ote 2 for further information. Amounts reclassified from AOCI in the quarter ended March 31, 2016 are principally due to the realization of DVA upon early retirement of the associated instruments and are recognized within Trading revenues in the condens ed consolidated statements of income. The associated tax impact in Provision for (benefit from) income taxes was $ (15) million. See No te 2 for further information.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	Three Months Ended March 31, 2016 2015 (in millions, except for per share data) Basic EPS: Income from continuing operations $ 1,160 $ 2,468 Income (loss) from discontinued operations (3) (5) Net income 1,157 2,463 Net income applicable to noncontrolling interests 23 69 Net income applicable to Morgan Stanley 1,134 2,394 Less: Preferred dividends (78) (78) Less: Allocation of (earnings) loss to participating RSUs(1) (1) (2) Earnings applicable to Morgan Stanley common shareholders $ 1,055 $ 2,314 Weighted average common shares outstanding 1,883 1,924 Earnings per basic common share: Income from continuing operations $ 0.56 $ 1.21 Income (loss) from discontinued operations — (0.01) Earnings per basic common share $ 0.56 $ 1.20 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,055 $ 2,314 Weighted average common shares outstanding 1,883 1,924 Effect of dilutive securities: Stock options and RSUs(1) 32 39 Weighted average common shares outstanding and common stock equivalents 1,915 1,963 Earnings per diluted common share: Income from continuing operations $ 0.55 $ 1.18 Income (loss) from discontinued operations — — Earnings per diluted common share $ 0.55 $ 1.18 _____________ (1) Restricted stock units (“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 diluted calculation.
Antidilutive Securities Excluded From The Computation Of Diluted EPS	Three Months Ended March 31, 2016 2015 (shares in millions) Stock options 14 11 RSUs and performance-based stock units 1 1 Total 15 12

Interest Income and Interest 41

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2016
Interest Income And Interest Expense
Schedule of Details of Interest Income and Interest Expense	Three Months Ended March 31, 2016 2015 (dollars in millions) Interest income(1): Trading assets(2) $ 582 $ 594 Investment securities 236 201 Loans 647 474 Interest bearing deposits with banks 50 22 Securities purchased under agreements to resell and Securities borrowed(3) (78) (104) Customer receivables and Other(4) 310 297 Total interest income $ 1,747 $ 1,484 Interest expense(1): Deposits $ 22 $ 18 Short-term borrowings 6 4 Long-term borrowings 959 926 Securities sold under agreements to repurchase and Securities loaned(5) 264 308 Customer payables and Other(6) (403) (368) Total interest expense $ 848 $ 888 Net interest $ 899 $ 596 _____________ (1) Interest income and expense are recorded within the 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 custom ers for stock loan transactions incurred to cover customers’ short positions.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Employee Benefit Plans
Components of Net Periodic Benefit Expense (Income)	Three Months Ended March 31, 2016 2015 (dollars in millions) Service cost, benefits earned during the period $ 4 $ 5 Interest cost on projected benefit obligation 38 39 Expected return on plan assets (30) (30) Net amortization of prior service credit (4) (5) Net amortization of actuarial loss 3 6 Net periodic benefit expense $ 11 $ 15

Segment and Geographic Inform43

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Selected Financial Information by Segments	Three Months Ended March 31, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 3,645 $ 2,837 $ 478 $ (67) $ 6,893 Interest income 1,053 914 1 (221) 1,747 Interest expense 984 83 2 (221) 848 Net interest 69 831 (1) — 899 Net revenues $ 3,714 $ 3,668 $ 477 $ (67) $ 7,792 Income from continuing operations before income taxes $ 908 $ 786 $ 44 $ — $ 1,738 Provision for income taxes 275 293 10 — 578 Income from continuing operations 633 493 34 — 1,160 Discontinued operations: Income (loss) from discontinued operations before income taxes (5) — — — (5) Provision for (benefit from) income taxes (2) — — — (2) Income (loss) from discontinued operations (3) — — — (3) Net income 630 493 34 — 1,157 Net income (loss) applicable to noncontrolling interests 39 — (16) — 23 Net income applicable to Morgan Stanley $ 591 $ 493 $ 50 $ — $ 1,134 Three Months Ended March 31, 2015 Institutional Securities Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 5,546 $ 3,145 $ 674 $ (54) $ 9,311 Interest income 870 737 1 (124) 1,484 Interest expense 958 48 6 (124) 888 Net interest (88) 689 (5) — 596 Net revenues $ 5,458 $ 3,834 $ 669 $ (54) $ 9,907 Income from continuing operations before income taxes $ 1,813 $ 855 $ 187 $ — $ 2,855 Provision for income taxes(4) 6 320 61 — 387 Income from continuing operations 1,807 535 126 — 2,468 Discontinued operations: Income (loss) from discontinued operations before income taxes (8) — — — (8) Provision for (benefit from) income taxes (3) — — — (3) Income (loss) from discontinued operations (5) — — — (5) Net income 1,802 535 126 — 2,463 Net income applicable to noncontrolling interests 52 — 17 — 69 Net income applicable to Morgan Stanley $ 1,750 $ 535 $ 109 $ — $ 2,394 (1) In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities , unrealized DVA gains (losses) in the quarter ended March 31, 2016 are recorded within OCI in the condensed consolidated statements of comprehensive income. See Notes 2 and 14 for further information. (2) In certain management fee arrangements, the Company is entitled to receive performance-based fees (also referred to as incentive fees and inclu des carried interest) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenues are accrued (or reversed) quarterly based on measuring account/fund performance to date versus the performance benchmark stated in the investment management agreement. The Company’s portion of unrealized cumulative amount of performance-based fee revenue (for which the Company is not obligated to pay compensation) at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 422 million at both March 31, 2016 and December 31, 2015. See Note 11 for information regarding general partner guarantees, which include potenti al obligations to return performance fee distributions previously received. (3) The Company waiv es a portion of its fees from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. The se fee waivers resulted in a reduction of fees of approximately $ 23 million and $ 50 million, respectively, for the quarters ended March 31, 2016 and 2015. (4 ) The Company’s effective tax rate from continuing operations for the quarter ended March 31, 20 15 include d a net discrete tax benefit of $ 564 million within Institutional Securities (see Note 18).
Assets by Segments	Total Assets by Business Segment Institutional Securities Wealth Management Investment Management Total(1) (dollars in millions) At March 31, 2016 $ 621,644 $ 181,087 $ 4,766 $ 807,497 At December 31, 2015 $ 602,714 $ 179,708 $ 5,043 $ 787,465 (1) Corporate assets have been fully allocated to the business segments.
Net Revenues by Geographic Area	Three Months Ended March 31, 2016 2015 (dollars in millions) Americas $ 5,752 $ 6,930 EMEA 1,129 1,762 Asia-Pacific 911 1,215 Net revenues $ 7,792 $ 9,907

Introduction and Basis of Pre44

Introduction and Basis of Presentation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Accounting standard early adoption
New accounting pronouncement early adoption
Net noncash increase in total assets	$ 126

Significant Accounting Polici45

Significant Accounting Policies (Details) - Accounting standard early adoption $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
New accounting pronouncement early adoption
Consolidations related to certain merchant banking funds in Investment Management	$ 206
Deconsolidation of certain legal entities	(75)
Increase in assets related to certain merchant banking	$ 131

Fair Value Disclosures (Assets

Fair Value Disclosures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Assets at Fair Value
Total trading assets	$ 234,150	$ 228,280
Total AFS securities, fair value	68,167	66,759
Securities received as collateral	8,813	11,225
Securities purchased under agreement to resell	555	806
Intangible assets	4	5
Commitment	584	670
Investment measured at fair value using the NAV per share	3,388	3,843
Liabilities at Fair Value
Deposits	647	125
Short-term borrowings	697	1,648
Total trading liabilities	115,766	109,139
Obligation to return securities received as collateral	17,984	19,316
Securities sold under agreement to repurchase	693	683
Other secured financings	2,623	2,854
Long-term borrowings	36,008	33,045
Recurring
Assets at Fair Value
U.S. government and agency securities	45,219	36,341
Other sovereign government obligations	24,075	20,963
Corporate and other debt	27,425	29,847
Corporate equities	96,472	107,108
Derivative and other contracts	35,843	28,613
Netting	(546,110)	(442,965)
Investments	1,454	1,244
Physical commodities	274	321
Total trading assets	230,762	224,437
Total AFS securities, fair value	68,167	66,759
Securities received as collateral	8,813	11,225
Securities purchased under agreement to resell	555	806
Intangible assets	4	5
Total assets	308,301	303,232
Investment measured at fair value using the NAV per share	3,388	3,843
Liabilities at Fair Value
Deposits	647	125
Short-term borrowings	697	1,648
U.S. government and agency securities	11,019	13,913
Other sovereign government obligations	16,515	13,528
Corporate and other debt	6,561	5,049
Corporate equities	48,274	47,175
Derivative and other contracts	33,397	29,474
Netting	(526,696)	(427,876)
Total trading liabilities	115,766	109,139
Obligation to return securities received as collateral	17,984	19,316
Securities sold under agreement to repurchase	693	683
Other secured financings	2,623	2,854
Long-term borrowings	36,008	33,045
Total liabilities	174,418	166,810
Recurring | Corporate loans
Assets at Fair Value
Loan and lending commitment held at fair value	7,455	7,286
Recurring | Residential real estate
Assets at Fair Value
Loan and lending commitment held at fair value	1,727	1,885
Recurring | Wholesale real estate
Assets at Fair Value
Loan and lending commitment held at fair value	643	1,447
Recurring | Net Asset Value
Assets at Fair Value
Investments	3,388	3,843
Recurring | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	23,545	17,658
Liabilities at Fair Value
U.S. government and agency securities	10,553	12,932
Recurring | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	21,674	18,683
Liabilities at Fair Value
U.S. government and agency securities	466	981
Recurring | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	1,837	1,670
Recurring | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,629	1,797
Recurring | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,088	1,592
Liabilities at Fair Value
Corporate and other debt		2
Recurring | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	339	519
Recurring | Corporate Bonds
Assets at Fair Value
Corporate and other debt	10,179	10,226
Liabilities at Fair Value
Corporate and other debt	6,523	5,035
Recurring | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	643	714
Recurring | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	9,825	10,618
Recurring | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	3	3
Recurring | Other Debt
Assets at Fair Value
Corporate and other debt	1,885	2,711
Liabilities at Fair Value
Corporate and other debt	35	9
Recurring | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	426,165	326,044
Liabilities at Fair Value
Derivative and other contracts	399,050	307,409
Recurring | Credit Contracts
Assets at Fair Value
Derivative and other contracts	20,301	22,919
Liabilities at Fair Value
Derivative and other contracts	21,267	23,665
Recurring | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	73,320	64,955
Liabilities at Fair Value
Derivative and other contracts	77,042	65,350
Recurring | Equity Contracts
Assets at Fair Value
Derivative and other contracts	44,530	40,289
Liabilities at Fair Value
Derivative and other contracts	47,879	46,132
Recurring | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	17,618	17,152
Liabilities at Fair Value
Derivative and other contracts	14,739	14,751
Recurring | Other Contracts
Assets at Fair Value
Derivative and other contracts	19	219
Liabilities at Fair Value
Derivative and other contracts	116	43
Recurring | Principal Investments
Assets at Fair Value
Investments	785	550
Recurring | Other Investments
Assets at Fair Value
Investments	669	694
Recurring | Level 1
Assets at Fair Value
U.S. government and agency securities	24,549	18,455
Other sovereign government obligations	15,835	13,559
Corporate and other debt	0	0
Corporate equities	95,676	106,296
Derivative and other contracts	760	414
Netting	(3,517)	(3,840)
Investments	188	183
Physical commodities	0	0
Total trading assets	137,008	138,907
Total AFS securities, fair value	32,731	34,351
Securities received as collateral	8,811	11,221
Securities purchased under agreement to resell	0	0
Intangible assets	0	0
Total assets	178,550	184,479
Liabilities at Fair Value
Deposits	0	0
Short-term borrowings	0	0
U.S. government and agency securities	10,857	13,786
Other sovereign government obligations	12,961	10,970
Corporate and other debt	0	0
Corporate equities	48,183	47,123
Derivative and other contracts	167	230
Netting	(3,517)	(3,840)
Total trading liabilities	72,168	72,109
Obligation to return securities received as collateral	17,980	19,312
Securities sold under agreement to repurchase	0	0
Other secured financings	0	0
Long-term borrowings	0	0
Total liabilities	90,148	91,421
Recurring | Level 1 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	23,545	17,658
Liabilities at Fair Value
U.S. government and agency securities	10,553	12,932
Recurring | Level 1 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	1,004	797
Liabilities at Fair Value
U.S. government and agency securities	304	854
Recurring | Level 1 | State and Municipal Securities
Assets 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
Liabilities at Fair Value
Corporate and other debt		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 | 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	507	406
Liabilities at Fair Value
Derivative and other contracts	655	466
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	77	55
Liabilities at Fair Value
Derivative and other contracts	49	22
Recurring | Level 1 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	768	653
Liabilities at Fair Value
Derivative and other contracts	487	570
Recurring | Level 1 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	2,925	3,140
Liabilities at Fair Value
Derivative and other contracts	2,493	3,012
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	22	20
Recurring | Level 1 | Other Investments
Assets at Fair Value
Investments	166	163
Recurring | Level 2
Assets at Fair Value
U.S. government and agency securities	20,662	17,886
Other sovereign government obligations	8,232	7,400
Corporate and other debt	19,781	22,309
Corporate equities	366	379
Derivative and other contracts	93,577	79,434
Netting	(477,187)	(380,443)
Investments	344	354
Physical commodities	274	321
Total trading assets	143,236	128,083
Total AFS securities, fair value	35,436	32,408
Securities received as collateral	2	3
Securities purchased under agreement to resell	555	806
Intangible assets	0	0
Total assets	179,229	161,300
Liabilities at Fair Value
Deposits	624	106
Short-term borrowings	697	1,647
U.S. government and agency securities	162	127
Other sovereign government obligations	3,554	2,558
Corporate and other debt	6,550	5,045
Corporate equities	60	35
Derivative and other contracts	71,250	63,966
Netting	(477,187)	(380,443)
Total trading liabilities	81,576	71,731
Obligation to return securities received as collateral	3	3
Securities sold under agreement to repurchase	542	532
Other secured financings	2,169	2,393
Long-term borrowings	34,210	31,058
Total liabilities	119,821	107,470
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	20,662	17,886
Liabilities at Fair Value
U.S. government and agency securities	162	127
Recurring | Level 2 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	1,832	1,651
Recurring | Level 2 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,337	1,456
Recurring | Level 2 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,029	1,520
Liabilities at Fair Value
Corporate and other debt		2
Recurring | Level 2 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	335	494
Recurring | Level 2 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	9,955	9,959
Liabilities at Fair Value
Corporate and other debt	6,517	5,035
Recurring | Level 2 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	295	284
Recurring | Level 2 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	3,640	4,682
Recurring | Level 2 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	2	3
Recurring | Level 2 | Other Debt
Assets at Fair Value
Corporate and other debt	1,358	2,263
Liabilities at Fair Value
Corporate and other debt	31	5
Recurring | Level 2 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	424,488	323,586
Liabilities at Fair Value
Derivative and other contracts	397,394	305,151
Recurring | Level 2 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	19,563	22,258
Liabilities at Fair Value
Derivative and other contracts	19,806	22,160
Recurring | Level 2 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	73,019	64,608
Liabilities at Fair Value
Derivative and other contracts	76,895	65,177
Recurring | Level 2 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	43,027	38,552
Liabilities at Fair Value
Derivative and other contracts	44,825	42,447
Recurring | Level 2 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	10,648	10,654
Liabilities at Fair Value
Derivative and other contracts	9,401	9,431
Recurring | Level 2 | Other Contracts
Assets at Fair Value
Derivative and other contracts	19	219
Liabilities at Fair Value
Derivative and other contracts	116	43
Recurring | Level 2 | Principal Investments
Assets at Fair Value
Investments	20	44
Recurring | Level 2 | Other Investments
Assets at Fair Value
Investments	324	310
Recurring | Level 3
Assets at Fair Value
U.S. government and agency securities	8	0
Other sovereign government obligations	8	4
Corporate and other debt	7,644	7,538
Corporate equities	430	433
Derivative and other contracts	3,306	4,327
Netting	(3,606)	(3,120)
Investments	922	707
Physical commodities	0	0
Total trading assets	12,318	13,009
Total AFS securities, fair value	0	0
Securities received as collateral	0	1
Securities purchased under agreement to resell	0	0
Intangible assets	4	5
Total assets	12,322	13,015
Liabilities at Fair Value
Deposits	23	19
Short-term borrowings	0	1
U.S. government and agency securities	0	0
Other sovereign government obligations	0	0
Corporate and other debt	11	4
Corporate equities	31	17
Derivative and other contracts	4,366	5,751
Netting	(3,606)	(3,120)
Total trading liabilities	4,408	5,772
Obligation to return securities received as collateral	1	1
Securities sold under agreement to repurchase	151	151
Other secured financings	454	461
Long-term borrowings	1,798	1,987
Total liabilities	6,835	8,392
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	8	0
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	5	19
Recurring | Level 3 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	292	341
Recurring | Level 3 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	59	72
Liabilities at Fair Value
Corporate and other debt		0
Recurring | Level 3 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	4	25
Recurring | Level 3 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	224	267
Liabilities at Fair Value
Corporate and other debt	6	0
Recurring | Level 3 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	348	430
Recurring | Level 3 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	6,185	5,936
Recurring | Level 3 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	1	0
Recurring | Level 3 | Other Debt
Assets at Fair Value
Corporate and other debt	527	448
Liabilities at Fair Value
Corporate and other debt	4	4
Recurring | Level 3 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	1,170	2,052
Liabilities at Fair Value
Derivative and other contracts	1,001	1,792
Recurring | Level 3 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	738	661
Liabilities at Fair Value
Derivative and other contracts	1,461	1,505
Recurring | Level 3 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	224	292
Liabilities at Fair Value
Derivative and other contracts	98	151
Recurring | Level 3 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	735	1,084
Liabilities at Fair Value
Derivative and other contracts	2,567	3,115
Recurring | Level 3 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	4,045	3,358
Liabilities at Fair Value
Derivative and other contracts	2,845	2,308
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	743	486
Recurring | Level 3 | Other Investments
Assets at Fair Value
Investments	179	221
Recurring | Counterparty and Cash Collateral Netting
Assets at Fair Value
Derivative and other contracts	(61,800)	(55,562)
Netting	(61,800)	(55,562)
Total trading assets	(61,800)	(55,562)
Total assets	(61,800)	(55,562)
Liabilities at Fair Value
Derivative and other contracts	(42,386)	(40,473)
Netting	(42,386)	(40,473)
Total trading liabilities	(42,386)	(40,473)
Total liabilities	$ (42,386)	$ (40,473)

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		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Securities Received as Collateral
Assets
Beginning balance	$ 1	$ 0	$ 0
Realized and Unrealized Gains (Losses)	0	0
Purchases	0	33
Sales	(1)	0
Issuances	0	0
Settlements	0	0
Net Transfers	0	0
Ending balance	0	33	1	$ 0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0
Intangible Assets
Assets
Beginning balance	5	6	6
Realized and Unrealized Gains (Losses)	0	0
Purchases	0	0
Sales	(1)	0
Issuances	0	0
Settlements	0	(1)
Net Transfers	0	0
Ending balance	4	5	5	6
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(1)	0
Deposits
Liabilities
Beginning balance	19
Realized and Unrealized Gains (Losses)	2
Purchases	0
Sales	0
Issuances	2
Settlements	0
Net Transfers	0
Ending balance	23		19
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(2)
Short-term borrowings
Liabilities
Beginning balance	1
Realized and Unrealized Gains (Losses)	0
Purchases	0
Sales	0
Issuances	0
Settlements	(1)
Net Transfers	0
Ending balance	0		1
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0
Obligation to Return Securities Received as Collateral
Liabilities
Beginning balance	1	0	0
Realized and Unrealized Gains (Losses)	0	0
Purchases	0	0
Sales	0	33
Issuances	0	0
Settlements	0	0
Net Transfers	0	0
Ending balance	1	33	1	0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	0
Securities Sold under agreements to repurchase
Liabilities
Beginning balance	151	153	153
Realized and Unrealized Gains (Losses)	0	1
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Net Transfers	0	0
Ending balance	151	154	151	153
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	(1)
Other Secured Financings
Liabilities
Beginning balance	461	149	149
Realized and Unrealized Gains (Losses)	18	8
Purchases	0	0
Sales	0	0
Issuances	47	0
Settlements	(22)	(24)
Net Transfers	(50)	0
Ending balance	454	133	461	149
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(18)	1
Long-term borrowings
Liabilities
Beginning balance	1,987	1,934	1,934
Realized and Unrealized Gains (Losses)	46	(17)
Purchases	0	0
Sales	0	0
Issuances	72	115
Settlements	(79)	(142)
Net Transfers	(228)	(152)
Ending balance	1,798	1,738	1,987	1,934
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(45)	10
Trading Assets | U.S. Agency Securities
Assets
Beginning balance	0
Realized and Unrealized Gains (Losses)	5
Purchases	0
Sales	0
Issuances	0
Settlements	0
Net Transfers	3
Ending balance	8		0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	5
Trading Assets | Other Sovereign Government Obligations
Assets
Beginning balance	4	41	41
Realized and Unrealized Gains (Losses)	0	1
Purchases	0	2
Sales	(2)	(32)
Issuances	0	0
Settlements	0	0
Net Transfers	6	(1)
Ending balance	8	11	4	41
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	1
Trading Assets | Corporate and Other Debt
Assets
Beginning balance	7,538	8,044	8,044
Realized and Unrealized Gains (Losses)	(59)	161
Purchases	1,178	1,563
Sales	(653)	(831)
Issuances	0	0
Settlements	(351)	(2,065)
Net Transfers	(9)	192
Ending balance	7,644	7,064	7,538	8,044
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(61)	95
Trading Assets | Corporate and Other Debt | State and Municipal Securities
Assets
Beginning balance	19
Realized and Unrealized Gains (Losses)	0
Purchases	0
Sales	(15)
Issuances	0
Settlements	0
Net Transfers	1
Ending balance	5		19
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0
Trading Assets | Corporate and Other Debt | Residential Mortgage-backed Securities
Assets
Beginning balance	341	175	175
Realized and Unrealized Gains (Losses)	(24)	17
Purchases	19	58
Sales	(67)	(40)
Issuances	0	0
Settlements	0	0
Net Transfers	23	86
Ending balance	292	296	341	175
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(17)	12
Trading Assets | Corporate and Other Debt | Commercial Mortgage-backed Securities
Assets
Beginning balance	72	96	96
Realized and Unrealized Gains (Losses)	(9)	(2)
Purchases	0	96
Sales	(15)	(10)
Issuances	0	0
Settlements	0	0
Net Transfers	11	0
Ending balance	59	180	72	96
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(9)	(2)
Trading Assets | Corporate and Other Debt | Asset-backed Securities
Assets
Beginning balance	25	76	76
Realized and Unrealized Gains (Losses)	(1)	(2)
Purchases	1	57
Sales	(17)	(29)
Issuances	0	0
Settlements	0	0
Net Transfers	(4)	(35)
Ending balance	4	67	25	76
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	3
Trading Assets | Corporate and Other Debt | Corporate Bonds
Assets
Beginning balance	267	386	386
Realized and Unrealized Gains (Losses)	44	38
Purchases	17	129
Sales	(98)	(141)
Issuances	0	0
Settlements	0	0
Net Transfers	(6)	12
Ending balance	224	424	267	386
Unrealized Gains (Losses) for Level 3 Assets Outstanding	28	38
Trading Assets | Corporate and Other Debt | Collateralized Debt and Loan Obligations
Assets
Beginning balance	430	1,152	1,152
Realized and Unrealized Gains (Losses)	(14)	79
Purchases	114	241
Sales	(113)	(397)
Issuances	0	0
Settlements	0	(253)
Net Transfers	(69)	0
Ending balance	348	822	430	1,152
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(4)	2
Trading Assets | Corporate and Other Debt | Loans and Lending Commitments
Assets
Beginning balance	5,936	5,874	5,874
Realized and Unrealized Gains (Losses)	(60)	41
Purchases	952	914
Sales	(319)	(213)
Issuances	0	0
Settlements	(351)	(1,807)
Net Transfers	27	(20)
Ending balance	6,185	4,789	5,936	5,874
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(64)	40
Trading Assets | Corporate and Other Debt | Other Debt
Assets
Beginning balance	448	285	285
Realized and Unrealized Gains (Losses)	5	(10)
Purchases	75	68
Sales	(9)	(1)
Issuances	0	0
Settlements	0	(5)
Net Transfers	8	149
Ending balance	527	486	448	285
Unrealized Gains (Losses) for Level 3 Assets Outstanding	5	2
Trading Assets | Corporate and Other Debt | Equity Contracts
Assets
Increase (Decrease) In Derivative Assets				785
Trading Assets | Corporate Equities
Assets
Beginning balance	433	272	272
Realized and Unrealized Gains (Losses)	11	19
Purchases	78	30
Sales	(44)	(98)
Issuances	0	0
Settlements	0	0
Net Transfers	(48)	7
Ending balance	430	230	433	272
Unrealized Gains (Losses) for Level 3 Assets Outstanding	6	12
Trading Assets | Net Derivative and Other Contracts
Assets
Beginning balance	(1,424)	(1,784)	(1,784)
Realized and Unrealized Gains (Losses)	375	(35)
Purchases	151	53
Sales	0	0
Issuances	(203)	(217)
Settlements	169	78
Net Transfers	(128)	(405)
Ending balance	(1,060)	(2,310)	(1,424)	(1,784)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	453	(133)
Trading Assets | Net Derivative and Other Contracts | Interest Rate Contracts
Assets
Beginning balance	260	(173)	(173)
Realized and Unrealized Gains (Losses)	470	128
Purchases	5	6
Sales	0	0
Issuances	(14)	(11)
Settlements	(30)	65
Net Transfers	(522)	(511)
Ending balance	169	(496)	260	(173)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	411	119
Trading Assets | Net Derivative and Other Contracts | Credit Contracts
Assets
Beginning balance	(844)	(743)	(743)
Realized and Unrealized Gains (Losses)	28	(247)
Purchases	0	14
Sales	0	0
Issuances	0	(30)
Settlements	67	7
Net Transfers	26	15
Ending balance	(723)	(984)	(844)	(743)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	24	(252)
Trading Assets | Net Derivative and Other Contracts | Foreign Exchange Contracts
Assets
Beginning balance	141	151	151
Realized and Unrealized Gains (Losses)	(61)	62
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(105)	97
Net Transfers	151	(13)
Ending balance	126	297	141	151
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(38)	62
Trading Assets | Net Derivative and Other Contracts | Equity Contracts
Assets
Beginning balance	(2,031)	(2,165)	(2,165)
Realized and Unrealized Gains (Losses)	(135)	(273)
Purchases	137	33
Sales	0	0
Issuances	(128)	(176)
Settlements	294	(54)
Net Transfers	31	163
Ending balance	(1,832)	(2,472)	(2,031)	(2,165)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(12)	(324)
Trading Assets | Net Derivative and Other Contracts | Commodity Contracts
Assets
Beginning balance	1,050	1,146	1,146
Realized and Unrealized Gains (Losses)	73	295
Purchases	9	0
Sales	0	0
Issuances	(61)	0
Settlements	(57)	(37)
Net Transfers	186	(59)
Ending balance	1,200	1,345	1,050	1,146
Unrealized Gains (Losses) for Level 3 Assets Outstanding	68	262
Trading Assets | Investments
Assets
Beginning balance	707	1,158	1,158
Realized and Unrealized Gains (Losses)	(31)	5
Purchases	365	13
Sales	(54)	(39)
Issuances	0	0
Settlements	(41)	0
Net Transfers	(24)	83
Ending balance	922	1,220	707	1,158
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(31)	(1)
Trading Assets | Investments | Principal Investments
Assets
Beginning balance	486	835	835
Realized and Unrealized Gains (Losses)	(43)	17
Purchases	365	11
Sales	(29)	(34)
Issuances	0	0
Settlements	(41)	0
Net Transfers	5	0
Ending balance	743	829	486	835
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(43)	9
Trading Assets | Investments | Other Investments
Assets
Beginning balance	221	323	323
Realized and Unrealized Gains (Losses)	12	(12)
Purchases	0	2
Sales	(25)	(5)
Issuances	0	0
Settlements	0	0
Net Transfers	(29)	83
Ending balance	179	391	221	323
Unrealized Gains (Losses) for Level 3 Assets Outstanding	12	(10)
Trading Liabilities | Corporate and Other Debt
Liabilities
Beginning balance	4	121	121
Realized and Unrealized Gains (Losses)	(2)	(7)
Purchases	(2)	(12)
Sales	16	13
Issuances	0	0
Settlements	0	0
Net Transfers	(5)	(69)
Ending balance	11	46	4	121
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	2	7
Trading Liabilities | Corporate and Other Debt | Corporate Bonds
Liabilities
Beginning balance	0	78	78
Realized and Unrealized Gains (Losses)	4	4
Purchases	(2)	(1)
Sales	9	8
Issuances	0	0
Settlements	0	0
Net Transfers	(5)	(66)
Ending balance	6	23	0	78
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(4)	(4)
Trading Liabilities | Corporate and Other Debt | Lending Commitments
Liabilities
Beginning balance	0	5	5
Realized and Unrealized Gains (Losses)	1	(5)
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Net Transfers	0	0
Ending balance	1	0	0	5
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)	5
Trading Liabilities | Corporate and Other Debt | Other Debt
Liabilities
Beginning balance	4	38	38
Realized and Unrealized Gains (Losses)	(7)	(6)
Purchases	0	(11)
Sales	7	5
Issuances	0	0
Settlements	0	0
Net Transfers	0	(3)
Ending balance	4	23	4	38
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	7	6
Trading Liabilities | Corporate Equities
Liabilities
Beginning balance	17	45	45
Realized and Unrealized Gains (Losses)	4	(1)
Purchases	(15)	0
Sales	13	7
Issuances	0	0
Settlements	0	0
Net Transfers	12	(1)
Ending balance	31	50	$ 17	$ 45
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	$ (4)	$ 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	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)$ / MWh	Dec. 31, 2015USD ($)$ / MWh
Residential Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 292	$ 341
Residential Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	0.00%	0.00%
Residential Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	79.00%	75.00%
Residential Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	27.00%	32.00%
Commercial Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 59	$ 72
Commercial Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	0.00%	0.00%
Commercial Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	9.00%	9.00%
Commercial Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	1.00%	2.00%
Corporate Bonds
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 224	$ 267
Corporate Bonds | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	3.00%	3.00%
EBITDA Multiple	0.05	7
Corporate Bonds | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	118.00%	119.00%
EBITDA Multiple	0.1	9
Corporate Bonds | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	63.00%	90.00%
EBITDA Multiple	0.07	8
Corporate Bonds | Structured bond model
Fair Value Inputs
Discount Rate		15.00%
Corporate Bonds | Structured bond model | Weighted Average
Fair Value Inputs
Discount Rate		15.00%
Collateralized Debt and Loan Obligations
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 348	$ 430
Collateralized Debt and Loan Obligations | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	55.00%	47.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	100.00%	103.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	66.00%	67.00%
Collateralized Debt and Loan Obligations | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	27.00%	39.00%
Collateralized Debt and Loan Obligations | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	60.00%	60.00%
Collateralized Debt and Loan Obligations | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	37.00%	49.00%
Loans and Lending Commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 6,185	$ 5,936
Loans and Lending Commitments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Loan Price	38.00%	35.00%
Loans and Lending Commitments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Loan Price	100.00%	100.00%
Loans and Lending Commitments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Loan Price	90.00%	88.00%
Loans and Lending Commitments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied Weighted Average Cost of Capital	6.00%	6.00%
Capitalization Rate	4.00%	4.00%
Loans and Lending Commitments | Discounted Cash Flow | Maximum
Fair Value Inputs
Implied Weighted Average Cost of Capital	7.00%	8.00%
Capitalization Rate	10.00%	10.00%
Loans and Lending Commitments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied Weighted Average Cost of Capital	7.00%	7.00%
Capitalization Rate	4.00%	4.00%
Loans and Lending Commitments | Corporate Loan Model | Minimum
Fair Value Inputs
Credit Spread	3.23%	2.50%
Loans and Lending Commitments | Corporate Loan Model | Maximum
Fair Value Inputs
Credit Spread	9.89%	8.66%
Loans and Lending Commitments | Corporate Loan Model | Weighted Average
Fair Value Inputs
Credit Spread	5.81%	5.31%
Loans and Lending Commitments | Margin Loan Model | Minimum
Fair Value Inputs
Discount Rate	1.00%	1.00%
Credit Spread	0.30%	0.62%
Volatility Skew	19.00%	14.00%
Loans and Lending Commitments | Margin Loan Model | Maximum
Fair Value Inputs
Discount Rate	9.00%	4.00%
Credit Spread	1.01%	4.99%
Volatility Skew	53.00%	70.00%
Loans and Lending Commitments | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount Rate	2.00%	2.00%
Credit Spread	0.74%	1.45%
Volatility Skew	29.00%	33.00%
Loans and Lending Commitments | Option Model
Fair Value Inputs
Volatility Skew	(1.00%)	(1.00%)
Loans and Lending Commitments | Option Model | Weighted Average
Fair Value Inputs
Volatility Skew	(1.00%)	(1.00%)
Loans and Lending Commitments | Expected recovery | Minimum
Fair Value Inputs
Asset coverage	48.00%
Loans and Lending Commitments | Expected recovery | Maximum
Fair Value Inputs
Asset coverage	100.00%
Loans and Lending Commitments | Expected recovery | Weighted Average
Fair Value Inputs
Asset coverage	91.00%
Other Debt
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 527	$ 448
Other Debt | Comparable Pricing
Fair Value Inputs
Comparable Bond Price	7.00%	8.00%
Other Debt | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Loan Price	4.00%	4.00%
Other Debt | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Loan Price	87.00%	84.00%
Other Debt | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	7.00%	8.00%
Comparable Loan Price	65.00%	59.00%
Other Debt | Margin Loan Model
Fair Value Inputs
Discount Rate		1.00%
Other Debt | Margin Loan Model | Minimum
Fair Value Inputs
Discount Rate	1.00%
Other Debt | Margin Loan Model | Maximum
Fair Value Inputs
Discount Rate	2.00%
Other Debt | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount Rate	2.00%	1.00%
Other Debt | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	16.00%	16.00%
Other Debt | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	53.00%	53.00%
Other Debt | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	53.00%	53.00%
Corporate Equities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 433
Corporate Equities | Comparable Pricing
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Corporate Equities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Price	46.00%	50.00%
Corporate Equities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Price	59.00%	80.00%
Corporate Equities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Comparable Price	54.00%	72.00%
Corporate Equities | Market Approach
Fair Value Inputs
EBITDA Multiple		9
Corporate Equities | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple		9
Interest Rate Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 169	$ 260
Interest Rate Contracts | Option Model
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple	2
Inflation Volatility		58.00%
Interest Rate Contracts | Option Model | Minimum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple		0
Interest Rate Volatility Skew	31.00%	29.00%
Interest Rate Quanto Correlation	(9.00%)	(8.00%)
Interest Rate - Foreign Exchange Correlation	25.00%	25.00%
Interest Rate - Inflation Correlation	(40.00%)	(41.00%)
Inflation Volatility	58.00%
Interest Rate Curve Correlation	27.00%	24.00%
Interest Rate Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple		3
Interest Rate Volatility Skew	116.00%	82.00%
Interest Rate Quanto Correlation	35.00%	36.00%
Interest Rate - Foreign Exchange Correlation	56.00%	62.00%
Interest Rate - Inflation Correlation	42.00%	(39.00%)
Inflation Volatility	60.00%
Interest Rate Curve Correlation	96.00%	95.00%
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	66.00%	43.00%
Interest Rate Quanto Correlation	5.00%	5.00%
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Interest Rate - Inflation Correlation	(41.00%)	(41.00%)
Inflation Volatility	59.00%	58.00%
Interest Rate Curve Correlation	69.00%	60.00%
Interest Rate Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	66.00%	40.00%
Interest Rate Quanto Correlation	(7.00%)	(6.00%)
Interest Rate - Foreign Exchange Correlation	43.00%	43.00%
Interest Rate - Inflation Correlation	(41.00%)	(41.00%)
Inflation Volatility	59.00%	58.00%
Interest Rate Curve Correlation	75.00%	69.00%
Credit Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (723)	$ (844)
Credit Contracts | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price (Lower Higher)	0.00%	0.00%
Cash Synthetic Basis	5.00%	5.00%
Credit Contracts | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price (Lower Higher)	75.00%	75.00%
Cash Synthetic Basis	12.00%	12.00%
Credit Contracts | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price (Lower Higher)	24.00%	24.00%
Cash Synthetic Basis	10.00%	9.00%
Credit Contracts | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	29.00%	39.00%
Credit Contracts | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	90.00%	97.00%
Credit Contracts | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	42.00%	57.00%
Foreign Exchange Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 126	$ 141
Foreign Exchange Contracts | Option Model
Fair Value Inputs
Interest rate curve	0.00%	0.00%
Foreign Exchange Contracts | Option Model | Minimum
Fair Value Inputs
Interest Rate Volatility Skew	31.00%	29.00%
Interest Rate - Foreign Exchange Correlation	25.00%	25.00%
Foreign exchange volatility skew	(11.00%)
Foreign Exchange Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Skew	116.00%	82.00%
Interest Rate - Foreign Exchange Correlation	56.00%	62.00%
Foreign exchange volatility skew	4.00%
Foreign Exchange Contracts | Option Model | Simple Average
Fair Value Inputs
Interest Rate Volatility Skew	66.00%	43.00%
Interest rate curve	0.00%	0.00%
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Foreign exchange volatility skew	0.00%
Foreign Exchange Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	66.00%	40.00%
Interest rate curve	0.00%	0.00%
Interest Rate - Foreign Exchange Correlation	43.00%	43.00%
Foreign exchange volatility skew	0.00%
Equity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (1,832)	$ (2,031)
Equity Contracts | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	7.00%	16.00%
Volatility Skew	(5.00%)	(3.00%)
Equity - Equity Correlation	40.00%	40.00%
Equity - Foreign Exchange Correlation	(60.00%)	(60.00%)
Equity - Interest Rate Correlation	(29.00%)	(29.00%)
Equity Contracts | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	86.00%	65.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	97.00%	99.00%
Equity - Foreign Exchange Correlation	(21.00%)	(11.00%)
Equity - Interest Rate Correlation	50.00%	50.00%
Equity Contracts | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	33.00%	32.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	78.00%	71.00%
Equity - Foreign Exchange Correlation	(36.00%)	(39.00%)
Equity Contracts | Option Model | Simple Average
Fair Value Inputs
Equity - Interest Rate Correlation	17.00%	16.00%
Equity Contracts | Option Model | Median
Fair Value Inputs
Equity - Interest Rate Correlation	8.00%	8.00%
Commodity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 1,200	$ 1,050
Commodity Contracts | Option Model | Minimum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	1	3
Commodity Volatility	7.00%	10.00%
Cross Commodity Correlation	43.00%	43.00%
Commodity Contracts | Option Model | Maximum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	93	91
Commodity Volatility	55.00%	92.00%
Cross Commodity Correlation	99.00%	99.00%
Commodity Contracts | Option Model | Weighted Average
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	31	32
Commodity Volatility	17.00%	18.00%
Cross Commodity Correlation	93.00%	93.00%
Principal Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 743	$ 486
Principal Investments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Equity Price	43.00%	43.00%
Principal Investments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Principal Investments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	81.00%	81.00%
Principal Investments | Discounted Cash Flow
Fair Value Inputs
Implied Weighted Average Cost of Capital		16.00%
Principal Investments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied Weighted Average Cost of Capital	12.00%
Exit Multiple	8	8
Capitalization Rate		5.00%
Equity Discount Rate		20.00%
Principal Investments | Discounted Cash Flow | Maximum
Fair Value Inputs
Implied Weighted Average Cost of Capital	17.00%
Exit Multiple	14	14
Capitalization Rate		9.00%
Equity Discount Rate		35.00%
Principal Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied Weighted Average Cost of Capital	14.00%	16.00%
Exit Multiple	8	9
Capitalization Rate		6.00%
Equity Discount Rate		26.00%
Principal Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA Multiple	6	8
Forward capacity price | $ / MWh	5	5
Principal Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	26	20
Forward capacity price | $ / MWh	9	9
Principal Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	11	11
Forward capacity price | $ / MWh	7	7
Other Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 179	$ 221
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	9.00%	10.00%
Exit Multiple	13	13
Other Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied Weighted Average Cost of Capital	9.00%	10.00%
Exit Multiple	13	13
Other Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA Multiple	6	7
Other Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	14	14
Other Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	12	12
Securities Sold under agreements to repurchase
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 151	$ 151
Securities Sold under agreements to repurchase | Discounted Cash Flow | Minimum
Fair Value Inputs
Funding Spread	1.04%	0.86%
Securities Sold under agreements to repurchase | Discounted Cash Flow | Maximum
Fair Value Inputs
Funding Spread	1.30%	1.16%
Securities Sold under agreements to repurchase | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Funding Spread	1.20%	1.05%
Other Secured Financings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 454	$ 461
Other Secured Financings | Discounted Cash Flow | Minimum
Fair Value Inputs
Discount Rate	4.00%	4.00%
Funding Spread	0.94%	0.95%
Other Secured Financings | Discounted Cash Flow | Maximum
Fair Value Inputs
Discount Rate	14.00%	13.00%
Funding Spread	1.30%	1.13%
Other Secured Financings | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount Rate	5.00%	4.00%
Funding Spread	1.12%	1.04%
Other Secured Financings | Option Model
Fair Value Inputs
Volatility Skew	(1.00%)	(1.00%)
Other Secured Financings | Option Model | Weighted Average
Fair Value Inputs
Volatility Skew	(1.00%)	(1.00%)
Long-term borrowings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	$ 1,798	$ 1,987
Long-term borrowings | Comparable Pricing
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Long-term borrowings | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Long-term borrowings | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	29.00%	40.00%
Long-term borrowings | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	60.00%	60.00%
Long-term borrowings | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	42.00%	52.00%
Long-term borrowings | Option Model
Fair Value Inputs
Interest Rate Volatility Skew	38.00%	50.00%
Equity volatility discount rate	15.00%	10.00%
Long-term borrowings | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	6.00%	20.00%
Interest Rate Volatility Skew	25.00%
Interest Rate - Foreign Exchange Correlation	25.00%
Volatility Skew	(2.00%)	(1.00%)
Equity - Equity Correlation	40.00%	40.00%
Equity - Foreign Exchange Correlation	(60.00%)	(70.00%)
Equity volatility discount rate	10.00%
Long-term borrowings | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	55.00%	50.00%
Interest Rate Volatility Skew	50.00%
Interest Rate - Foreign Exchange Correlation	56.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	97.00%	97.00%
Equity - Foreign Exchange Correlation	(13.00%)	(11.00%)
Equity volatility discount rate	20.00%
Long-term borrowings | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	28.00%	29.00%
Interest Rate Volatility Skew	38.00%	50.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	73.00%	77.00%
Equity - Foreign Exchange Correlation	(28.00%)	(39.00%)
Equity volatility discount rate	15.00%	10.00%
Long-term borrowings | Option Model | Simple Average
Fair Value Inputs
Interest Rate - Foreign Exchange Correlation	42.00%
Long-term borrowings | Option Model | Median
Fair Value Inputs
Interest Rate - Foreign Exchange Correlation	43.00%

Fair Value Disclosures (Fair Va

Fair Value Disclosures (Fair Value of Investments Measured at Net Asset Value) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair Value	$ 3,388	$ 3,843
Commitment	584	670
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,768	1,917
Commitment	467	538
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,274	1,337
Commitment	113	128
Long-short Equity Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	193	422
Commitment	0	0
Fixed Income/Credit-Related Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	52	71
Commitment	0	0
Event Driven Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	2	2
Commitment	0	0
Multi-strategy Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	99	94
Commitment	$ 4	$ 4

Fair Value Disclosures (Fair 50

Fair Value Disclosures (Fair Value of Equity Fund and Hedge Fund) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 3,388	$ 3,843
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of investment to be liquidated (less than 5 years)	141
Fair value of investment to be liquidated (5-10 years)	926
Fair value of investment to be liquidated (Over 10 years)	701
Fair Value, Investments	1,768	1,917
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of investment to be liquidated (less than 5 years)	97
Fair value of investment to be liquidated (5-10 years)	708
Fair value of investment to be liquidated (Over 10 years)	469
Fair Value, Investments	1,274	1,337
Long-short Equity Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 193	$ 422
Percent of investments redeemable at least quarterly	34.00%	34.00%
Percent of investments redeemable every six months	33.00%	51.00%
Percent of investments redeemable greater than six months	33.00%	15.00%
Long-short Equity Hedge Funds | Gate restriction
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	26.00%
Fixed Income Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 52	$ 71
Redemption restriction period	90 days	90 days
Redemption frequency	three-month period basis	three-month period basis
Fixed Income Funds | Gate restriction
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	73.00%
Event Driven Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 2	$ 2
Redemption restriction period	90 days	90 days
Redemption frequency	three-month period basis	three-month period basis
Multi-strategy Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 99	$ 94
Redemption restriction period	90 days	90 days
Redemption frequency	three-month period basis	three-month period basis
Multi-strategy Hedge Funds | Lock up restrictions
Fair Value of Investments that Calculate Net Asset Value
Percent of investments that cannot be redeemed currently	21.00%
Multi-strategy Hedge Funds | Lock up restrictions | Minimum
Fair Value of Investments that Calculate Net Asset Value
Redemption restriction period	3 years

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
	Mar. 31, 2016	Mar. 31, 2015
Early adoption effect
Fair Value Option Quantitative Disclosures
Unrealized gain recognized in OCI	$ 323
Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	$ (1)
Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)
Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	45	(40)
Securities Sold under agreements to repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(11)	(3)
Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1,104)	805
Trading | Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	0	(1)
Trading | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)
Trading | Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	45	(40)
Trading | Securities Sold under agreements to repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(9)	(2)
Trading | Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(965)	937
Interest Income (Expense) | Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	0
Interest Income (Expense) | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	0
Interest Income (Expense) | Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	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)
Interest Income (Expense) | Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ (139)	$ (132)

Fair Value Disclosures (Short-t

Fair Value Disclosures (Short-term and Long-term Borrowings) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 36,705	$ 34,693
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	19,006	17,789
Interest Rates
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	15,657	14,255
Credit and Foreign Exchange Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	1,704	2,266
Commodities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 338	$ 383

Fair Value Disclosures (Gains (

Fair Value Disclosures (Gains (Losses) Due to Changes in Instrument Specific Credit Risk) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Short-term and Long-term Borrowings | Early adoption effect
Fair Value disclosure
Pre-tax amount recognized in AOCI	$ 138
Short-term and Long-term Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	41	$ 125
Short-term and Long-term Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	319	0
Securities sold under agreements to repurchase | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	0	0
Securities sold under agreements to repurchase | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	4	0
Loans and other debt | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	(100)	77
Loans and other debt | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	0	0
Lending Commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	1	9
Lending Commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ 0	$ 0

Fair Value Disclosures (Net Dif

Fair Value Disclosures (Net Difference between Contractual Principal Amount and Fair Value) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value Disclosures
Loans and other debt	$ 14,353	$ 14,095
Loans 90 or more days past due and/or on non-accrual status	12,177	11,651
Short-term and long-term debt borrowings	344	508
Aggregate fair value of loans in non-accrual status including all loans 90 or more days past due	2,267	1,853
Amounts past due 90 days or greater (unpaid principal balance)	$ 887	$ 885

Fair Value Disclosures (Asset55

Fair Value Disclosures (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Assets
Loans	$ 75,566		$ 72,559
Intangible assets	2,909		2,984
Other assets	51,058		51,087
Liabilities
Other liabilities and accrued expenses	13,304		18,711
Liabilities	730,322		711,281
Fair Value
Other assets - Other investments	77,645		71,947
Intangible assets	4		$ 5
Nonrecurring
Assets
Loans	6,515	$ 3,346
Other assets - Other investments	27	35
Other assets - Premises, equipment and software costs	0	0
Total carrying value	6,542	3,381
Liabilities
Other liabilities and accrued expenses	459	245
Liabilities	459	245
Nonrecurring | Loans
Fair Value
Gains (losses) in fair value adjustment	(80)	(24)
Nonrecurring | Other Investments
Fair Value
Gains (losses) in fair value adjustment	(3)	(2)
Nonrecurring | Premises, Equipment and Software Costs
Fair Value
Gains (losses) in fair value adjustment	(5)	(19)
Nonrecurring | Assets Total
Fair Value
Gains (losses) in fair value adjustment	(88)	(45)
Nonrecurring | Other liabilities and accrued expenses
Fair Value
Gains (losses) in fair value adjustment	(20)	(7)
Nonrecurring | Liabilities Total
Fair Value
Gains (losses) in fair value adjustment	(20)	(7)
Nonrecurring | Level 1
Fair Value
Loans	0	0
Other assets - Other investments	0	0
Other assets - Premises, equipment and software costs	0	0
Total assets	0	0
Other Liabilities and accrued expenses	0	0
Total liabilities	0	0
Nonrecurring | Level 2
Fair Value
Loans	3,359	2,521
Other assets - Other investments	0	0
Other assets - Premises, equipment and software costs	0	0
Total assets	3,359	2,521
Other Liabilities and accrued expenses	379	203
Total liabilities	379	203
Nonrecurring | Level 3
Fair Value
Loans	3,156	825
Other assets - Other investments	27	35
Other assets - Premises, equipment and software costs	0	0
Total assets	3,183	860
Other Liabilities and accrued expenses	80	42
Total liabilities	$ 80	$ 42

Fair Value Disclosures (Financi

Fair Value Disclosures (Financial Instruments Not Measured at FV) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Financial Assets:
Cash and due from banks	$ 22,797	$ 19,827	$ 19,683
Interest bearing deposits with banks	30,841	34,256	$ 20,610
Securities purchased under agreements to resell	98,774	87,657
Securities borrowed	140,413	142,416
Customer and other receivables	44,762	45,407
Loans	75,566	72,559
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	31,808	31,469
Financial Liabilities
Deposits	157,591	156,034
Short-term borrowings	1,109	2,173
Securities sold under agreement to repurchase	41,305	36,692
Securities loaned	17,140	19,358
Other secured financings	9,316	9,464
Customer and other payables	194,003	186,626
Long-term borrowings	162,804	153,768
Additional Disclosures
Lending commitment notional amount	98,100	99,500
lending commitment fair value liability	2,062	2,172
Carrying Value
Financial Assets:
Cash and due from banks	22,797	19,827
Interest bearing deposits with banks	30,841	34,256
Securities purchased under agreements to resell	98,219	86,851
Securities borrowed	140,413	142,416
Customer and other receivables	40,935	41,676
Loans	88,802	85,759
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	31,808	31,469
Financial Liabilities
Deposits	156,944	155,909
Short-term borrowings	412	525
Securities sold under agreement to repurchase	40,612	36,009
Securities loaned	17,140	19,358
Other secured financings	6,693	6,610
Customer and other payables	191,137	183,895
Long-term borrowings	126,796	120,723
Fair Value
Financial Assets:
Cash and due from banks	22,797	19,827
Interest bearing deposits with banks	30,841	34,256
Securities purchased under agreements to resell	98,246	86,837
Securities borrowed	140,416	142,414
Customer and other receivables	40,823	41,576
Loans	89,831	86,423
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	31,808	31,469
Financial Liabilities
Deposits	158,238	156,163
Short-term borrowings	412	525
Securities sold under agreement to repurchase	40,684	36,060
Securities loaned	17,160	19,382
Other secured financings	6,704	6,610
Customer and other payables	191,137	183,895
Long-term borrowings	128,520	123,219
Fair Value | Level 1
Financial Assets:
Cash and due from banks	22,797	19,827
Interest bearing deposits with banks	30,841	34,256
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Loans	0	0
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	31,808	31,469
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
Securities purchased under agreements to resell	97,727	86,186
Securities borrowed	140,314	142,266
Customer and other receivables	36,227	36,752
Loans	21,858	19,241
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Financial Liabilities
Deposits	158,238	156,163
Short-term borrowings	412	525
Securities sold under agreement to repurchase	38,701	34,150
Securities loaned	17,160	19,192
Other secured financings	5,355	5,333
Customer and other payables	191,137	183,895
Long-term borrowings	128,520	123,219
Additional Disclosures
lending commitment fair value liability	1,660	1,791
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Securities purchased under agreements to resell	519	651
Securities borrowed	102	148
Customer and other receivables	4,596	4,824
Loans	67,973	67,182
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Financial Liabilities
Deposits	0	0
Short-term borrowings	0	0
Securities sold under agreement to repurchase	1,983	1,910
Securities loaned	0	190
Other secured financings	1,349	1,277
Customer and other payables	0	0
Long-term borrowings	0	0
Additional Disclosures
lending commitment fair value liability	$ 402	$ 381

Derivative Instruments and He57

Derivative Instruments and Hedging Activities (Fair Value, Notional and Offsetting of Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Derivative Assets
Total derivatives	$ 581,953	$ 471,578
Cash collateral netting	(57,933)	(51,372)
Counterparty netting	(488,177)	(391,593)
Net amounts presented in the Consolidated Statements of Financial Condition	35,843	28,613
Amounts not offset against financial instruments collateral	(10,299)	(9,190)
Amounts not offset against other cash collateral	(13)	(9)
Net exposure	25,531	19,414
Derivative Liabilities
Total derivatives	560,093	457,350
Cash collateral netting	(38,519)	(36,283)
Counterparty netting	(488,177)	(391,593)
Net amounts presented in the Consolidated Statements of Financial Condition	33,397	29,474
Amounts not offset against financial instruments collateral	(8,676)	(5,789)
Amounts not offset against other cash collateral	(29)	(5)
Net exposure	24,692	23,680
Derivatives, Notional Amount
Derivative assets	14,544,618	14,749,210
Derivative liabilities	13,787,334	14,074,223
Bilateral OTC
Derivative Assets
Total derivatives	401,418	340,573
Cash collateral netting	(55,371)	(50,335)
Counterparty netting	(314,379)	(265,707)
Net amounts presented in the Consolidated Statements of Financial Condition	31,668	24,531
Amounts not offset against financial instruments collateral	(10,299)	(9,190)
Amounts not offset against other cash collateral	(13)	(9)
Net exposure	21,356	15,332
Derivative Liabilities
Total derivatives	381,094	324,671
Cash collateral netting	(36,868)	(33,332)
Counterparty netting	(314,379)	(265,707)
Net amounts presented in the Consolidated Statements of Financial Condition	29,847	25,632
Amounts not offset against financial instruments collateral	(8,368)	(5,384)
Amounts not offset against other cash collateral	(4)	(5)
Net exposure	21,475	20,243
Derivatives, Notional Amount
Derivative assets	7,083,401	7,273,921
Derivative liabilities	6,881,520	6,864,262
Cleared OTC
Derivative Assets
Total derivatives	153,029	106,623
Cash collateral netting	(2,562)	(1,037)
Counterparty netting	(149,342)	(104,294)
Net amounts presented in the Consolidated Statements of Financial Condition	1,125	1,292
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	1,125	1,292
Derivative Liabilities
Total derivatives	151,198	108,063
Cash collateral netting	(1,651)	(2,951)
Counterparty netting	(149,342)	(104,294)
Net amounts presented in the Consolidated Statements of Financial Condition	205	818
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	(25)	0
Net exposure	180	818
Derivatives, Notional Amount
Derivative assets	5,863,892	5,936,757
Derivative liabilities	5,678,273	5,837,356
Exchange Traded
Derivative Assets
Total derivatives	27,506	24,382
Cash collateral netting	0	0
Counterparty netting	(24,456)	(21,592)
Net amounts presented in the Consolidated Statements of Financial Condition	3,050	2,790
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	3,050	2,790
Derivative Liabilities
Total derivatives	27,801	24,616
Cash collateral netting	0	0
Counterparty netting	(24,456)	(21,592)
Net amounts presented in the Consolidated Statements of Financial Condition	3,345	3,024
Amounts not offset against financial instruments collateral	(308)	(405)
Amounts not offset against other cash collateral	0	0
Net exposure	3,037	2,619
Derivatives, Notional Amount
Derivative assets	1,597,325	1,538,532
Derivative liabilities	1,227,541	1,372,605
Designated as Accounting Hedges
Derivative Assets
Total derivatives	6,133	4,434
Derivative Liabilities
Total derivatives	392	332
Derivatives, Notional Amount
Derivative assets	93,186	78,524
Derivative liabilities	9,050	18,488
Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	3,236	2,991
Derivative Liabilities
Total derivatives	364	76
Derivatives, Notional Amount
Derivative assets	35,786	42,995
Derivative liabilities	8,267	8,164
Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	2,897	1,443
Derivative Liabilities
Total derivatives	28	256
Derivatives, Notional Amount
Derivative assets	57,400	35,529
Derivative liabilities	783	10,324
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	6,106	4,267
Derivative Liabilities
Total derivatives	0	270
Derivatives, Notional Amount
Derivative assets	91,659	72,361
Derivative liabilities	0	13,429
Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	3,209	2,825
Derivative Liabilities
Total derivatives	0	20
Derivatives, Notional Amount
Derivative assets	34,259	36,999
Derivative liabilities	0	3,560
Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	2,897	1,442
Derivative Liabilities
Total derivatives	0	250
Derivatives, Notional Amount
Derivative assets	57,400	35,362
Derivative liabilities	0	9,869
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	27	167
Derivative Liabilities
Total derivatives	392	62
Derivatives, Notional Amount
Derivative assets	1,527	6,163
Derivative liabilities	9,050	5,059
Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	27	166
Derivative Liabilities
Total derivatives	364	56
Derivatives, Notional Amount
Derivative assets	1,527	5,996
Derivative liabilities	8,267	4,604
Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	0	1
Derivative Liabilities
Total derivatives	28	6
Derivatives, Notional Amount
Derivative assets	0	167
Derivative liabilities	783	455
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	575,820	467,144
Derivative Liabilities
Total derivatives	559,701	457,018
Derivatives, Notional Amount
Derivative assets	14,451,432	14,670,686
Derivative liabilities	13,778,284	14,055,735
Not Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	398,182	337,582
Derivative Liabilities
Total derivatives	380,730	324,595
Derivatives, Notional Amount
Derivative assets	7,047,615	7,230,926
Derivative liabilities	6,873,253	6,856,098
Not Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	150,132	105,180
Derivative Liabilities
Total derivatives	151,170	107,807
Derivatives, Notional Amount
Derivative assets	5,806,492	5,901,228
Derivative liabilities	5,677,490	5,827,032
Not Designated as Accounting Hedges | Exchange Traded
Derivative Assets
Total derivatives	27,506	24,382
Derivative Liabilities
Total derivatives	27,801	24,616
Derivatives, Notional Amount
Derivative assets	1,597,325	1,538,532
Derivative liabilities	1,227,541	1,372,605
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivative Assets
Total derivatives	420,059	321,777
Derivative Liabilities
Total derivatives	399,050	307,139
Derivatives, Notional Amount
Derivative assets	11,132,168	11,315,172
Derivative liabilities	10,364,322	10,790,071
Not Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	273,635	220,289
Derivative Liabilities
Total derivatives	251,687	203,004
Derivatives, Notional Amount
Derivative assets	4,254,497	4,348,002
Derivative liabilities	3,943,566	4,030,039
Not Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	146,182	101,276
Derivative Liabilities
Total derivatives	147,016	103,852
Derivatives, Notional Amount
Derivative assets	5,634,287	5,748,525
Derivative liabilities	5,517,043	5,682,322
Not Designated as Accounting Hedges | Interest Rate Contracts | Exchange Traded
Derivative Assets
Total derivatives	242	212
Derivative Liabilities
Total derivatives	347	283
Derivatives, Notional Amount
Derivative assets	1,243,384	1,218,645
Derivative liabilities	903,713	1,077,710
Not Designated as Accounting Hedges | Credit Contracts
Derivative Assets
Total derivatives	20,301	22,919
Derivative Liabilities
Total derivatives	21,267	23,665
Derivatives, Notional Amount
Derivative assets	692,356	725,032
Derivative liabilities	714,248	693,415
Not Designated as Accounting Hedges | Credit Contracts | Bilateral OTC
Derivative Assets
Total derivatives	16,774	19,310
Derivative Liabilities
Total derivatives	17,616	19,942
Derivatives, Notional Amount
Derivative assets	535,066	585,731
Derivative liabilities	569,403	562,027
Not Designated as Accounting Hedges | Credit Contracts | Cleared OTC
Derivative Assets
Total derivatives	3,527	3,609
Derivative Liabilities
Total derivatives	3,651	3,723
Derivatives, Notional Amount
Derivative assets	157,290	139,301
Derivative liabilities	144,845	131,388
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	73,293	64,788
Derivative Liabilities
Total derivatives	76,650	65,288
Derivatives, Notional Amount
Derivative assets	1,926,796	1,928,407
Derivative liabilities	1,982,444	1,883,992
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	72,794	64,438
Derivative Liabilities
Total derivatives	76,098	65,034
Derivatives, Notional Amount
Derivative assets	1,900,339	1,907,290
Derivative liabilities	1,960,735	1,868,015
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	423	295
Derivative Liabilities
Total derivatives	503	232
Derivatives, Notional Amount
Derivative assets	14,915	13,402
Derivative liabilities	15,602	13,322
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Exchange Traded
Derivative Assets
Total derivatives	76	55
Derivative Liabilities
Total derivatives	49	22
Derivatives, Notional Amount
Derivative assets	11,542	7,715
Derivative liabilities	6,107	2,655
Not Designated as Accounting Hedges | Equity Contracts
Derivative Assets
Total derivatives	44,530	40,289
Derivative Liabilities
Total derivatives	47,879	46,132
Derivatives, Notional Amount
Derivative assets	547,983	546,629
Derivative liabilities	584,113	562,000
Not Designated as Accounting Hedges | Equity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	21,174	20,212
Derivative Liabilities
Total derivatives	23,973	25,708
Derivatives, Notional Amount
Derivative assets	288,517	316,770
Derivative liabilities	331,715	332,734
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	23,356	20,077
Derivative Liabilities
Total derivatives	23,906	20,424
Derivatives, Notional Amount
Derivative assets	259,466	229,859
Derivative liabilities	252,398	229,266
Not Designated as Accounting Hedges | Commodity Contracts
Derivative Assets
Total derivatives	17,618	17,152
Derivative Liabilities
Total derivatives	14,739	14,751
Derivatives, Notional Amount
Derivative assets	150,018	149,762
Derivative liabilities	128,299	122,143
Not Designated as Accounting Hedges | Commodity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	13,786	13,114
Derivative Liabilities
Total derivatives	11,240	10,864
Derivatives, Notional Amount
Derivative assets	67,085	67,449
Derivative liabilities	62,976	59,169
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	3,832	4,038
Derivative Liabilities
Total derivatives	3,499	3,887
Derivatives, Notional Amount
Derivative assets	82,933	82,313
Derivative liabilities	65,323	62,974
Not Designated as Accounting Hedges | Other Contracts
Derivative Assets
Total derivatives	19	219
Derivative Liabilities
Total derivatives	116	43
Derivatives, Notional Amount
Derivative assets	2,111	5,684
Derivative liabilities	4,858	4,114
Not Designated as Accounting Hedges | Other Contracts | Bilateral OTC
Derivative Assets
Total derivatives	19	219
Derivative Liabilities
Total derivatives	116	43
Derivatives, Notional Amount
Derivative assets	2,111	5,684
Derivative liabilities	4,858	4,114
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

Derivative Instruments and He58

Derivative Instruments and Hedging Activities (Gains or Losses on Derivative Instruments, Related Hedge Items and Hedge Ineffectiveness) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Designated as Accounting Hedges | Interest Expense
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	$ (139)	$ (85)
Designated as Accounting Hedges | Interest Expense | Derivatives
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	2,150	758
Designated as Accounting Hedges | Interest Expense | Borrowings
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	(2,289)	(843)
Not Designated as Accounting Hedges
Derivatives
Gains (Losses) Recognized in Income	2,065	3,525
Debt valuation adjustment	0	125
Total	2,065	3,650
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivatives
Gains (Losses) Recognized in Income	306	570
Not Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gains (Losses) Recognized in Income	237	345
Not Designated as Accounting Hedges | Equity security and index contracts
Derivatives
Gains (Losses) Recognized in Income	1,330	1,595
Not Designated as Accounting Hedges | Commodity and other contracts
Derivatives
Gains (Losses) Recognized in Income	(144)	676
Not Designated as Accounting Hedges | Credit Contracts
Derivatives
Gains (Losses) Recognized in Income	336	339
Net Investment Hedges | Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gain (Losses) Recognized in OCI (effective portion)	(224)	262
Gain (loss) recognized in interest income related to amounts excluded from hedge effectiveness testing	$ (20)	$ (44)

Derivative Instruments and He59

Derivative Instruments and Hedging Activities (Fair Value of OTC Derivatives in a Gain Position) (Details) - OTC - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Credit Derivatives
Years to maturity, less than 1	$ 22,867	$ 20,236
Years to maturity, 1 - 3	16,786	17,840
Years to maturity, 3 - 5	11,601	10,582
Years to maturity, over 5	62,076	49,174
Cross-maturity and cash collateral netting	(80,550)	(72,018)
Net exposure post-cash collateral	32,780	25,814
Net exposure post-collateral	22,481	16,624
AAA
Credit Derivatives
Years to maturity, less than 1	182	203
Years to maturity, 1 - 3	567	453
Years to maturity, 3 - 5	1,344	827
Years to maturity, over 5	4,683	3,665
Cross-maturity and cash collateral netting	(5,272)	(4,319)
Net exposure post-cash collateral	1,504	829
Net exposure post-collateral	1,425	715
AA
Credit Derivatives
Years to maturity, less than 1	2,524	2,689
Years to maturity, 1 - 3	1,488	2,000
Years to maturity, 3 - 5	1,750	1,876
Years to maturity, over 5	12,747	9,223
Cross-maturity and cash collateral netting	(13,148)	(10,981)
Net exposure post-cash collateral	5,361	4,807
Net exposure post-collateral	3,045	2,361
A
Credit Derivatives
Years to maturity, less than 1	10,143	9,748
Years to maturity, 1 - 3	7,440	8,191
Years to maturity, 3 - 5	4,984	4,774
Years to maturity, over 5	26,567	20,918
Cross-maturity and cash collateral netting	(38,249)	(34,916)
Net exposure post-cash collateral	10,885	8,715
Net exposure post-collateral	7,603	5,448
BBB
Credit Derivatives
Years to maturity, less than 1	4,953	3,614
Years to maturity, 1 - 3	4,487	4,863
Years to maturity, 3 - 5	2,246	1,948
Years to maturity, over 5	13,055	11,801
Cross-maturity and cash collateral netting	(16,119)	(15,086)
Net exposure post-cash collateral	8,622	7,140
Net exposure post-collateral	6,426	4,934
Non-investment grade
Credit Derivatives
Years to maturity, less than 1	5,065	3,982
Years to maturity, 1 - 3	2,804	2,333
Years to maturity, 3 - 5	1,277	1,157
Years to maturity, over 5	5,024	3,567
Cross-maturity and cash collateral netting	(7,762)	(6,716)
Net exposure post-cash collateral	6,408	4,323
Net exposure post-collateral	$ 3,982	$ 3,166

Derivative Instruments and He60

Derivative Instruments and Hedging Activities (Credit Risk Related Contingencies) (Details) $ in Millions	Mar. 31, 2016USD ($)
Derivatives
Aggregate fair value of derivative contracts that contain credit-risk-related contingent features that are in a net liability position	$ 28,798
Posted collateral	24,146
Bilateral arrangement
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	1,666
One-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	1,148
Two-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	$ 1,496

Derivative Instruments and He61

Derivative Instruments and Hedging Activities (Credit Derivatives and Other Credit Derivatives) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Protection Sold
Credit Derivatives
Derivative notional amount	$ 685,566	$ 689,979
Credit risk derivative (assets) / liability, fair value	(129)	761
Protection Sold | Less than 1 Year
Credit Derivatives
Derivative notional amount	214,658	208,713
Protection Sold | 1 - 3 Years
Credit Derivatives
Derivative notional amount	279,598	298,137
Protection Sold | 3 - 5 Years
Credit Derivatives
Derivative notional amount	138,782	149,173
Protection Sold | Over 5 Years
Credit Derivatives
Derivative notional amount	52,528	33,956
Protection Sold | Credit Default Swaps
Credit Derivatives
Derivative notional amount	685,167	689,519
Credit risk derivative (assets) / liability, fair value	(127)	785
Protection Sold | Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	214,631	208,694
Protection Sold | Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	279,554	298,030
Protection Sold | Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	138,777	149,171
Protection Sold | Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	52,205	33,624
Protection Sold | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	402,123	420,806
Credit risk derivative (assets) / liability, fair value	1,055	1,980
Protection Sold | Single Name Credit Default Swaps | Investment grade
Credit Derivatives
Derivative notional amount	282,152	299,670
Credit risk derivative (assets) / liability, fair value	(1,367)	(1,831)
Protection Sold | Single Name Credit Default Swaps | Non-investment grade
Credit Derivatives
Derivative notional amount	119,971	121,136
Credit risk derivative (assets) / liability, fair value	2,422	3,811
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	129,064	122,597
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Investment grade
Credit Derivatives
Derivative notional amount	87,072	84,543
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Non-investment grade
Credit Derivatives
Derivative notional amount	41,992	38,054
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	176,387	194,728
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Investment grade
Credit Derivatives
Derivative notional amount	123,998	138,467
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	52,389	56,261
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	80,827	88,186
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	57,920	63,754
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	22,907	24,432
Protection Sold | Single Name Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	15,845	15,295
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	13,162	12,906
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	2,683	2,389
Protection Sold | Total Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	283,044	268,713
Credit risk derivative (assets) / liability, fair value	(1,182)	(1,195)
Protection Sold | Total Index and Basket Credit Default Swaps | Investment grade
Credit Derivatives
Derivative notional amount	155,602	143,742
Credit risk derivative (assets) / liability, fair value	(1,802)	(1,977)
Protection Sold | Total Index and Basket Credit Default Swaps | Non-investment grade
Credit Derivatives
Derivative notional amount	127,442	124,971
Credit risk derivative (assets) / liability, fair value	620	782
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	85,567	86,097
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Investment grade
Credit Derivatives
Derivative notional amount	32,276	33,507
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Non-investment grade
Credit Derivatives
Derivative notional amount	53,291	52,590
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	103,167	103,302
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Investment grade
Credit Derivatives
Derivative notional amount	59,013	59,403
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	44,154	43,899
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	57,950	60,985
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	45,293	45,505
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	12,657	15,480
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	36,360	18,329
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	19,020	5,327
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	17,340	13,002
Protection Sold | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	214,815	199,688
Credit risk derivative (assets) / liability, fair value	(39)	(102)
Protection Sold | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	68,229	69,025
Credit risk derivative (assets) / liability, fair value	(1,143)	(1,093)
Protection Sold | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	614,900	619,500
Protection Sold | Other Credit Contracts
Credit Derivatives
Derivative notional amount	399	460
Credit risk derivative (assets) / liability, fair value	(2)	(24)
Protection Sold | Other Credit Contracts | Less than 1 Year
Credit Derivatives
Derivative notional amount	27	19
Protection Sold | Other Credit Contracts | 1 - 3 Years
Credit Derivatives
Derivative notional amount	44	107
Protection Sold | Other Credit Contracts | 3 - 5 Years
Credit Derivatives
Derivative notional amount	5	2
Protection Sold | Other Credit Contracts | Over 5 Years
Credit Derivatives
Derivative notional amount	323	332
Protection Purchased | Credit Default Swaps
Credit Derivatives
Derivative notional amount	721,437	728,928
Credit risk derivative (assets) / liability, fair value	1,093	(39)
Protection Purchased | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	387,777	405,361
Credit risk derivative (assets) / liability, fair value	(1,100)	(2,079)
Protection Purchased | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	181,184	173,936
Credit risk derivative (assets) / liability, fair value	(193)	(82)
Protection Purchased | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	152,476	149,631
Credit risk derivative (assets) / liability, fair value	2,386	2,122
Protection Purchased | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	$ 566,400	$ 577,700

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Investment securities
Total Investment securities, Amortized cost	$ 77,477	$ 72,493
Total Investment securities, Gross unrealized gains	408	44
Total Investment securities, Gross unrealized losses	240	590
Total Investment securities, fair value	77,645	71,947
AFS securities
Total AFS securities, fair value	$ 68,167	$ 66,759
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
AFS debt securities, Amortized cost	$ 68,052	$ 67,269
Total AFS securities, Gross unrealized gains	354	43
Total AFS securities, Gross unrealized loss	239	553
Total AFS securities, fair value	68,167	66,759
AFS Debt Securities
AFS securities
AFS debt securities, Amortized cost	68,037	67,254
AFS debt securities, Gross unrealized gains	354	43
AFS debt securities, Gross unrealized losses	233	545
AFS debt securities, Fair value	68,158	66,752
AFS Debt Securities | U.S. Government and Agency Securities
AFS securities
AFS debt securities, Amortized cost	53,470	52,658
AFS debt securities, Gross unrealized gains	278	34
AFS debt securities, Gross unrealized losses	36	299
AFS debt securities, Fair value	53,712	52,393
AFS Debt Securities | U.S. Treasury Securities
AFS securities
AFS debt securities, Amortized cost	31,808	31,555
AFS debt securities, Gross unrealized gains	151	5
AFS debt securities, Gross unrealized losses	1	143
AFS debt securities, Fair value	31,958	31,417
AFS Debt Securities | U.S. Agency Securities
AFS securities
AFS debt securities, Amortized cost	21,662	21,103
AFS debt securities, Gross unrealized gains	127	29
AFS debt securities, Gross unrealized losses	35	156
AFS debt securities, Fair value	21,754	20,976
AFS Debt Securities | Corporate and Other Debt
AFS securities
AFS debt securities, Amortized cost	14,567	14,596
AFS debt securities, Gross unrealized gains	76	9
AFS debt securities, Gross unrealized losses	197	246
AFS debt securities, Fair value	14,446	14,359
AFS Debt Securities | Agency
AFS securities
AFS debt securities, Amortized cost	2,154	1,906
AFS debt securities, Gross unrealized gains	4	1
AFS debt securities, Gross unrealized losses	38	60
AFS debt securities, Fair value	2,120	1,847
AFS Debt Securities | Non-Agency
AFS securities
AFS debt securities, Amortized cost	2,164	2,220
AFS debt securities, Gross unrealized gains	23	3
AFS debt securities, Gross unrealized losses	14	25
AFS debt securities, Fair value	2,173	2,198
AFS Debt Securities | Auto Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized cost	2,328	2,556
AFS debt securities, Gross unrealized gains	2	0
AFS debt securities, Gross unrealized losses	1	9
AFS debt securities, Fair value	2,329	2,547
AFS Debt Securities | Corporate Bonds
AFS securities
AFS debt securities, Amortized cost	3,930	3,780
AFS debt securities, Gross unrealized gains	47	5
AFS debt securities, Gross unrealized losses	7	30
AFS debt securities, Fair value	3,970	3,755
AFS Debt Securities | Collateralized Loan Obligations
AFS securities
AFS debt securities, Amortized cost	502	502
AFS debt securities, Gross unrealized gains	0	0
AFS debt securities, Gross unrealized losses	10	7
AFS debt securities, Fair value	492	495
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized cost	3,489	3,632
AFS debt securities, Gross unrealized gains	0	0
AFS debt securities, Gross unrealized losses	127	115
AFS debt securities, Fair value	3,362	3,517
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	6	8
AFS equity securities, Fair value	9	7
HTM securities
HTM securities:
HTM - Amortized Cost	9,425	5,224
HTM - Gross Unrealized Gains	54	1
HTM - Gross Unrealized Losses	1	37
HTM - Fair Value	9,478	5,188
HTM securities | U.S. Treasury Securities
HTM securities:
HTM - Amortized Cost	1,953	1,001
HTM - Gross Unrealized Gains	10	0
HTM - Gross Unrealized Losses	0	3
HTM - Fair Value	1,963	998
HTM securities | U.S. Agency Securities
HTM securities:
HTM - Amortized Cost	7,472	4,223
HTM - Gross Unrealized Gains	44	1
HTM - Gross Unrealized Losses	1	34
HTM - Fair Value	$ 7,515	$ 4,190

Investment Securities (Schedu63

Investment Securities (Schedule of Investment Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Available for Sale Securities
Investment securities - Fair Value, Less than 12 Months	$ 11,894	$ 54,185
Investment securities - Fair Value, 12 Months or Longer	7,541	6,021
Investment securities - Fair Value	19,435	60,206
Investment securities - Gross Unrealized Loss, Less than 12 Months	77	481
Investment Securities Continuous Unrealized Loss Position 12 Months Or Longer Aggregate Loss	163	109
Investment securities - Gross Unrealized Loss	240	590
AFS securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	11,117	49,610
AFS - Fair Value, 12 Months or Longer	7,148	6,021
AFS - Fair Value, Total	18,265	55,631
AFS - Gross Unrealized Losses, Less than 12 Months	76	444
AFS - Gross Unrealized Losses, 12 Months or Longer	163	109
AFS - Gross Unrealized Losses, Total	239	553
AFS Debt Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	11,107	49,603
AFS - Fair Value, 12 Months or Longer	7,148	6,021
AFS - Fair Value, Total	18,255	55,624
AFS - Gross Unrealized Losses, Less than 12 Months	70	436
AFS - Gross Unrealized Losses, 12 Months or Longer	163	109
AFS - Gross Unrealized Losses, Total	233	545
AFS Debt Securities | U.S. Government and Agency Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	7,197	40,236
AFS - Fair Value, 12 Months or Longer	2,518	2,816
AFS - Fair Value, Total	9,715	43,052
AFS - Gross Unrealized Losses, Less than 12 Months	13	261
AFS - Gross Unrealized Losses, 12 Months or Longer	23	38
AFS - Gross Unrealized Losses, Total	36	299
AFS Debt Securities | U.S. Treasury Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	1,812	25,994
AFS - Fair Value, 12 Months or Longer	0	2,177
AFS - Fair Value, Total	1,812	28,171
AFS - Gross Unrealized Losses, Less than 12 Months	1	126
AFS - Gross Unrealized Losses, 12 Months or Longer	0	17
AFS - Gross Unrealized Losses, Total	1	143
AFS Debt Securities | U.S. Agency Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	5,385	14,242
AFS - Fair Value, 12 Months or Longer	2,518	639
AFS - Fair Value, Total	7,903	14,881
AFS - Gross Unrealized Losses, Less than 12 Months	12	135
AFS - Gross Unrealized Losses, 12 Months or Longer	23	21
AFS - Gross Unrealized Losses, Total	35	156
AFS Debt Securities | Corporate and Other Debt
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	3,910	9,367
AFS - Fair Value, 12 Months or Longer	4,630	3,205
AFS - Fair Value, Total	8,540	12,572
AFS - Gross Unrealized Losses, Less than 12 Months	57	175
AFS - Gross Unrealized Losses, 12 Months or Longer	140	71
AFS - Gross Unrealized Losses, Total	197	246
AFS Debt Securities | Agency
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	328	1,185
AFS - Fair Value, 12 Months or Longer	1,206	422
AFS - Fair Value, Total	1,534	1,607
AFS - Gross Unrealized Losses, Less than 12 Months	1	44
AFS - Gross Unrealized Losses, 12 Months or Longer	37	16
AFS - Gross Unrealized Losses, Total	38	60
AFS Debt Securities | Non-Agency
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	440	1,479
AFS - Fair Value, 12 Months or Longer	656	305
AFS - Fair Value, Total	1,096	1,784
AFS - Gross Unrealized Losses, Less than 12 Months	1	21
AFS - Gross Unrealized Losses, 12 Months or Longer	13	4
AFS - Gross Unrealized Losses, Total	14	25
AFS Debt Securities | Auto Loan Asset-backed Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	1,003	1,644
AFS - Fair Value, 12 Months or Longer	227	881
AFS - Fair Value, Total	1,230	2,525
AFS - Gross Unrealized Losses, Less than 12 Months	1	7
AFS - Gross Unrealized Losses, 12 Months or Longer	0	2
AFS - Gross Unrealized Losses, Total	1	9
AFS Debt Securities | Corporate Bonds
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	461	2,149
AFS - Fair Value, 12 Months or Longer	388	525
AFS - Fair Value, Total	849	2,674
AFS - Gross Unrealized Losses, Less than 12 Months	3	19
AFS - Gross Unrealized Losses, 12 Months or Longer	4	11
AFS - Gross Unrealized Losses, Total	7	30
AFS Debt Securities | Collateralized Loan Obligations
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	0	352
AFS - Fair Value, 12 Months or Longer	492	143
AFS - Fair Value, Total	492	495
AFS - Gross Unrealized Losses, Less than 12 Months	0	5
AFS - Gross Unrealized Losses, 12 Months or Longer	10	2
AFS - Gross Unrealized Losses, Total	10	7
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	1,678	2,558
AFS - Fair Value, 12 Months or Longer	1,661	929
AFS - Fair Value, Total	3,339	3,487
AFS - Gross Unrealized Losses, Less than 12 Months	51	79
AFS - Gross Unrealized Losses, 12 Months or Longer	76	36
AFS - Gross Unrealized Losses, Total	127	115
AFS Equity Securities
Available for Sale Securities
AFS - Fair Value, Less than 12 Months	10	7
AFS - Fair Value, 12 Months or Longer	0	0
AFS - Fair Value, Total	10	7
AFS - Gross Unrealized Losses, Less than 12 Months	6	8
AFS - Gross Unrealized Losses, 12 Months or Longer	0	0
AFS - Gross Unrealized Losses, Total	6	8
HTM securities
Available for Sale Securities
HTM - Fair Value, Less than 12 Months	777	4,575
HTM - Fair Value, 12 Months or Longer	393	0
HTM - Fair Value, Total	1,170	4,575
HTM - Gross Unrealized Losses, Less than 12 Months	1	37
HTM - Gross Unrealized Losses, 12 Months or Longer	0	0
HTM - Gross Unrealized Losses, Total	1	37
HTM securities | U.S. Treasury Securities
Available for Sale Securities
HTM - Fair Value, Less than 12 Months	0	898
HTM - Fair Value, 12 Months or Longer	0	0
HTM - Fair Value, Total	0	898
HTM - Gross Unrealized Losses, Less than 12 Months	0	3
HTM - Gross Unrealized Losses, 12 Months or Longer	0	0
HTM - Gross Unrealized Losses, Total	0	3
HTM securities | U.S. Agency Securities
Available for Sale Securities
HTM - Fair Value, Less than 12 Months	777	3,677
HTM - Fair Value, 12 Months or Longer	393	0
HTM - Fair Value, Total	1,170	3,677
HTM - Gross Unrealized Losses, Less than 12 Months	1	34
HTM - Gross Unrealized Losses, 12 Months or Longer	0	0
HTM - Gross Unrealized Losses, Total	$ 1	$ 34

Investment Securities (Schedu64

Investment Securities (Schedule of Amortized Cost and Fair Value of Available for Sale Debt Securities by Contractual Date) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost
Total Investment securities - Amortized Cost	$ 77,477	$ 72,493
Fair Value
Available-for-sale Securities, Total	68,167	66,759
Investment securities, fair value	$ 77,645	71,947
Annualized Average Yield
Total Investment securities, Annualized average yield	1.30%
AFS securities
Amortized Cost
Available-for-sale Securities, Amortized Cost Basis, Total	$ 68,052	67,269
Fair Value
Available-for-sale Securities, Total	$ 68,167	66,759
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities
Amortized Cost
AFS debt securities, amortized cost, total	$ 68,037	67,254
Fair Value
AFS debt securities, Fair value, total	$ 68,158	66,752
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities | U.S. Government and Agency Securities
Amortized Cost
AFS debt securities, amortized cost, total	$ 53,470	52,658
Fair Value
AFS debt securities, Fair value, total	$ 53,712	52,393
Annualized Average Yield
Annualized average yield, total	1.20%
AFS Debt Securities | U.S. Treasury Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 5,194
AFS debt securities, amortized cost, after 1 year through 5 years	25,757
AFS debt securities, Amortized cost, after 5 years through 10 years	857
AFS debt securities, amortized cost, total	31,808	31,555
Fair Value
AFS debt securities, due within 1 year	5,198
AFS debt securities, after 1 year through 5 years	25,885
AFS debt securities, after 5 years through 10 years	875
AFS debt securities, Fair value, total	$ 31,958	31,417
Annualized Average Yield
Annualized average yield, due within 1 year	0.70%
Annualized average yield, after 1 year through 5 years	1.00%
Annualized average yield, after 5 years through 10 years	1.80%
AFS Debt Securities | U.S. Agency Securities
Amortized Cost
AFS debt securities, amortized cost, after 1 year through 5 years	$ 2,774
AFS debt securities, Amortized cost, after 5 years through 10 years	1,534
AFS debt securities, amortized cost, after 10 years	17,354
AFS debt securities, amortized cost, total	21,662	21,103
Fair Value
AFS debt securities, after 1 year through 5 years	2,775
AFS debt securities, after 5 years through 10 years	1,560
AFS debt securities, after 10 years	17,419
AFS debt securities, Fair value, total	$ 21,754	20,976
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.50%
Annualized average yield, after 5 years through 10 years	1.90%
Annualized average yield, after 10 years	1.70%
AFS Debt Securities | Corporate and Other Debt
Amortized Cost
AFS debt securities, amortized cost, total	$ 14,567	14,596
Fair Value
AFS debt securities, Fair value, total	$ 14,446	14,359
Annualized Average Yield
Annualized average yield, total	1.40%
AFS Debt Securities | Agency
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 102
AFS debt securities, amortized cost, after 1 year through 5 years	461
AFS debt securities, Amortized cost, after 5 years through 10 years	545
AFS debt securities, amortized cost, after 10 years	1,046
AFS debt securities, amortized cost, total	2,154	1,906
Fair Value
AFS debt securities, due within 1 year	102
AFS debt securities, after 1 year through 5 years	461
AFS debt securities, after 5 years through 10 years	546
AFS debt securities, after 10 years	1,011
AFS debt securities, Fair value, total	$ 2,120	1,847
Annualized Average Yield
Annualized average yield, due within 1 year	0.80%
Annualized average yield, after 1 year through 5 years	0.90%
Annualized average yield, after 5 years through 10 years	1.30%
Annualized average yield, after 10 years	1.60%
AFS Debt Securities | Non-Agency
Amortized Cost
AFS debt securities, amortized cost, after 10 years	$ 2,164
AFS debt securities, amortized cost, total	2,164	2,220
Fair Value
AFS debt securities, after 10 years	2,173
AFS debt securities, Fair value, total	$ 2,173	2,198
Annualized Average Yield
Annualized average yield, after 10 years	1.90%
AFS Debt Securities | Auto Loan Asset-backed Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 24
AFS debt securities, amortized cost, after 1 year through 5 years	2,146
AFS debt securities, Amortized cost, after 5 years through 10 years	158
AFS debt securities, amortized cost, total	2,328	2,556
Fair Value
AFS debt securities, due within 1 year	24
AFS debt securities, after 1 year through 5 years	2,146
AFS debt securities, after 5 years through 10 years	159
AFS debt securities, Fair value, total	$ 2,329	2,547
Annualized Average Yield
Annualized average yield, due within 1 year	0.80%
Annualized average yield, after 1 year through 5 years	1.20%
Annualized average yield, after 5 years through 10 years	1.50%
AFS Debt Securities | Corporate Bonds
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 534
AFS debt securities, amortized cost, after 1 year through 5 years	2,660
AFS debt securities, Amortized cost, after 5 years through 10 years	736
AFS debt securities, amortized cost, total	3,930	3,780
Fair Value
AFS debt securities, due within 1 year	535
AFS debt securities, after 1 year through 5 years	2,678
AFS debt securities, after 5 years through 10 years	757
AFS debt securities, Fair value, total	$ 3,970	3,755
Annualized Average Yield
Annualized average yield, due within 1 year	1.20%
Annualized average yield, after 1 year through 5 years	1.70%
Annualized average yield, after 5 years through 10 years	2.70%
AFS Debt Securities | Collateralized Loan Obligations
Amortized Cost
AFS debt securities, Amortized cost, after 5 years through 10 years	$ 502
AFS debt securities, amortized cost, total	502	502
Fair Value
AFS debt securities, after 5 years through 10 years	492
AFS debt securities, Fair value, total	$ 492	495
Annualized Average Yield
Annualized average yield, after 5 years through 10 years	1.50%
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Amortized Cost
AFS debt securities, amortized cost, after 1 year through 5 years	$ 72
AFS debt securities, Amortized cost, after 5 years through 10 years	756
AFS debt securities, amortized cost, after 10 years	2,661
AFS debt securities, amortized cost, total	3,489	3,632
Fair Value
AFS debt securities, after 1 year through 5 years	72
AFS debt securities, after 5 years through 10 years	737
AFS debt securities, after 10 years	2,553
AFS debt securities, Fair value, total	$ 3,362	3,517
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.60%
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	$ 9	7
Annualized Average Yield
Annualized average yield, total	0.00%
HTM securities
Amortized Cost
HTM securities, amortized cost, total	$ 9,425	5,224
Fair Value
HTM securities, Fair value, total	$ 9,478	5,188
Annualized Average Yield
HTM securities, Annualized average yield, total	1.90%
HTM securities | U.S. Treasury Securities
Amortized Cost
HTM securities, amortized cost, after 1 year through 5 years	$ 1,408
HTM securities, amortized cost, total	1,953	1,001
Fair Value
HTM securities, after 1 year through 5 years	1,418
HTM securities, Fair value, total	$ 1,963	998
Annualized Average Yield
HTM securities, Annualized average yield, after 1 years through 5 years	1.10%
HTM securities, Annualized average yield, after 5 years through 10 years	1.80%
HTM securities | U.S. Agency Securities
Amortized Cost
HTM securities, amortized cost, after 10 years	$ 7,472
HTM securities, amortized cost, total	7,472	4,223
Fair Value
HTM securities, after 10 years	7,515
HTM securities, Fair value, total	$ 7,515	$ 4,190
Annualized Average Yield
HTM securities, Annualized average yield, after 10 year	2.10%

Investment Securities (Schedu65

Investment Securities (Schedule of Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Available-for-sale Securities [Abstract]
Gross realized gains	$ 14	$ 29
Gross realized (losses)	(2)	(4)
Total	$ 12	$ 25

Collateralized Transactions (Na

Collateralized Transactions (Narrative) (Details) - USD ($) $ in Billions	Mar. 31, 2016	Dec. 31, 2015
Collateralized Agreements
Customer margin loans outstanding	$ 24.6	$ 25.3
Fair value of financial instruments received as collateral where the Company is permitted to sell or repledge the securities	537.7	522.6
Fair value of financial instruments received as collateral where the Company has sold or repledged	415.9	398.1
Trading assets	$ 41.9	$ 35

Collateralized Transactions (Ba

Collateralized Transactions (Balance Sheet Offsetting) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Securities Purchased under Agreements to Resell
Gross Amounts	$ 159,780	$ 135,714
Amounts Offset	(61,006)	(48,057)
Net Amounts Presented	98,774	87,657
Amounts Not Offset	(96,204)	(84,752)
Net Exposure	2,570	2,905
Securities Borrowed
Gross Amounts	146,262	147,445
Amounts Offset	(5,849)	(5,029)
Net Amounts Presented	140,413	142,416
Amounts Not Offset	(131,872)	(134,250)
Net Exposure	8,541	8,166
Securities Sold under Agreements to Repurchase
Gross Amounts	102,311	84,749
Amounts Offset	(61,006)	(48,057)
Net Amounts presented	41,305	36,692
Amounts Not Offset	(34,928)	(31,604)
Net Exposure	6,377	5,088
Securities Loaned
Gross Amounts	22,989	24,387
Amounts Offset	(5,849)	(5,029)
Net Amounts Presented	17,140	19,358
Amounts Not Offset	(16,849)	(18,881)
Net Exposure	291	477
Securities purchased under agreements to resell, 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	2,500	2,600
Securities borrowed, 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	4,400	3,000
Securities sold under agreements to repurchase, 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	6,200	$ 4,900
Securities loaned, 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	$ 100

Collateralized Transactions (Se

Collateralized Transactions (Secured Financing Transactions) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Securities Financing Transaction
Securities sold under agreements to repurchase	$ 102,311	$ 84,749
Securities loaned	22,989	24,387
Gross amount of secured financing included in the above offseting disclosure	125,300	109,136
Obligation to return securities received as collateral	17,984	19,316
Total	143,284	128,452
U.S. Government and Agency Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	42,323	36,609
Securities loaned	34	0
State And Municipal Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	1,151	173
Other Sovereign Government Obligations
Securities Financing Transaction
Securities sold under agreements to repurchase	31,765	24,820
Securities loaned	5,907	7,336
Asset-backed Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	356	441
Corporate and Other Debt
Securities Financing Transaction
Securities sold under agreements to repurchase	6,283	4,020
Securities loaned	91	71
Obligation to return securities received as collateral	0	3
Corporate Equities
Securities Financing Transaction
Securities sold under agreements to repurchase	19,740	18,473
Securities loaned	16,935	16,972
Obligation to return securities received as collateral	17,981	19,313
Other
Securities Financing Transaction
Securities sold under agreements to repurchase	693	213
Securities loaned	22	8
Obligation to return securities received as collateral	3	0
Overnight and Open
Securities Financing Transaction
Securities sold under agreements to repurchase	36,220	20,410
Securities loaned	11,911	12,247
Gross amount of secured financing included in the above offseting disclosure	48,131	32,657
Obligation to return securities received as collateral	17,984	19,316
Total	66,115	51,973
Less than 30 days
Securities Financing Transaction
Securities sold under agreements to repurchase	18,088	25,245
Securities loaned	866	478
Gross amount of secured financing included in the above offseting disclosure	18,954	25,723
Obligation to return securities received as collateral	0	0
Total	18,954	25,723
30-90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	20,689	13,221
Securities loaned	2,241	2,156
Gross amount of secured financing included in the above offseting disclosure	22,930	15,377
Obligation to return securities received as collateral	0	0
Total	22,930	15,377
Over 90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	27,314	25,873
Securities loaned	7,971	9,506
Gross amount of secured financing included in the above offseting disclosure	35,285	35,379
Obligation to return securities received as collateral	0	0
Total	$ 35,285	$ 35,379

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	Mar. 31, 2016	Dec. 31, 2015
Collateralized Transactions
Securities	$ 18,909	$ 14,390
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	31,808	31,469
Total	$ 50,717	$ 45,859

Loans and Allowance for Credi70

Loans and Allowance for Credit Losses (Outstanding Loans and Credit Quality) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Loans Held for Investments
Loans held for investments, gross	$ 75,896	$ 72,784	$ 60,611
Allowance for loan losses	(330)	(225)	(165)	$ (149)
Loans held for investment, net	75,566	72,559
Loans Held for Sale
Loans held for sale, gross	13,236	13,200
Loans held for sale, net	13,236	13,200
Total Loans
Total loans, gross	89,132	85,984
Allowance for loan losses	(330)	(225)
Total loans, net	88,802	85,759
Total loans, net of allowance, made to foreign borrowers	9,470	9,789
Loans at fixed interest rate	9,384	8,471
Loans at floating or adjustable interest rate	79,418	77,288
Pass
Loans Held for Investments
Loans held for investments, gross	73,864	71,235
Special Mention
Loans Held for Investments
Loans held for investments, gross	437	300
Substandard
Loans Held for Investments
Loans held for investments, gross	1,489	1,237
Doubtful
Loans Held for Investments
Loans held for investments, gross	106	12
Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Corporate
Loans Held for Investments
Loans held for investments, gross	25,126	23,554	21,121
Allowance for loan losses	(268)	(166)	(133)	(118)
Loans Held for Sale
Loans held for sale, gross	12,000	11,924
Total Loans
Total loans, gross	37,126	35,478
Corporate | Pass
Loans Held for Investments
Loans held for investments, gross	23,129	22,040
Corporate | Special Mention
Loans Held for Investments
Loans held for investments, gross	437	300
Corporate | Substandard
Loans Held for Investments
Loans held for investments, gross	1,454	1,202
Corporate | Doubtful
Loans Held for Investments
Loans held for investments, gross	106	12
Corporate | Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Consumer
Loans Held for Investments
Loans held for investments, gross	22,174	21,528	17,372
Allowance for loan losses	(4)	(5)	(2)	(2)
Loans Held for Sale
Loans held for sale, gross	0	0
Total Loans
Total loans, gross	22,174	21,528
Consumer | Pass
Loans Held for Investments
Loans held for investments, gross	22,174	21,528
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
Consumer | Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Residential Real Estate
Loans Held for Investments
Loans held for investments, gross	21,780	20,863	16,853
Allowance for loan losses	(19)	(17)	(8)	(8)
Loans Held for Sale
Loans held for sale, gross	99	104
Total Loans
Total loans, gross	21,879	20,967
Residential Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	21,745	20,828
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	35	35
Residential Real Estate | Doubtful
Loans Held for Investments
Loans held for investments, gross	0	0
Residential Real Estate | Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Wholesale Real Estate
Loans Held for Investments
Loans held for investments, gross	6,816	6,839	5,265
Allowance for loan losses	(39)	(37)	$ (22)	$ (21)
Loans Held for Sale
Loans held for sale, gross	1,137	1,172
Total Loans
Total loans, gross	7,953	8,011
Wholesale Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	6,816	6,839
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
Wholesale Real Estate | Loss
Loans Held for Investments
Loans held for investments, gross	$ 0	$ 0

Loans and Allowance for Credi71

Loans and Allowance for Credit Losses (Impaired Loans) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Impaired Loans
Impaired loans with allowance	$ 245	$ 39
Impaired loans without allowance	400	106
Impaired loans unpaid principal balance	656	149
Impaired loans	645	145
Past due 90 days loans and on nonaccrual	19	22
Allowance	330	225	$ 165	$ 149
Americas
Impaired Loans
Impaired loans	572	108
Past due 90 days loans and on nonaccrual	19	22
Allowance	261	183
EMEA
Impaired Loans
Impaired loans	23	12
Past due 90 days loans and on nonaccrual	0	0
Allowance	43	34
Asia-Pacific
Impaired Loans
Impaired loans	50	25
Past due 90 days loans and on nonaccrual	0	0
Allowance	26	8
Corporate
Impaired Loans
Impaired loans with allowance	245	39
Impaired loans without allowance	382	89
Impaired loans unpaid principal balance	636	130
Past due 90 days loans and on nonaccrual	1	1
Allowance	268	166	133	118
Troubled Debt Restructuring
Impaired loans include TDRs	54.8	44
Lending commitments include TDRs	22.3	34.8
Troubled debt restructurings allowance	8.5	5.1
Residential Real Estate
Impaired Loans
Impaired loans with allowance	0	0
Impaired loans without allowance	18	17
Impaired loans unpaid principal balance	20	19
Past due 90 days loans and on nonaccrual	18	21
Allowance	$ 19	$ 17	$ 8	$ 8

Loans and Allowance for Credi72

Loans and Allowance for Credit Losses (Loans and Lending-related Commitments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Allowance for loan losses rollforward
Beginning balance	$ 225	$ 149
Gross charge-offs	0
Gross recoveries	0	1
Net recoveries/ (charge-offs)	0	1
Provision for (release of) loan losses	112	26
Other	(7)	(11)
Ending balance	330	165
Loans, additional information
Allowance, inherent	222	160
Allowance, specific	108	5
Loans, inherent	75,251	60,566
Loans, specific	645	45
Total Loans	75,896	60,611	$ 72,784
Allowance for lending-related commitments rollforward
Beginning balance	185	149
Provision for lending-related commitments	16	37
Other		(1)
Ending balance	201	185
Lending-related commitments, additional information
Allowance, inherent	190	185
Allowance, specific	11	0
Lending-related commitments, inherent	71,455	74,691
Lending-related commitments, specific	136	26
Total lending-related commitments evaluated for impairment	71,591	74,717
Corporate
Allowance for loan losses rollforward
Beginning balance	166	118
Gross charge-offs	0
Gross recoveries	0	1
Net recoveries/ (charge-offs)	0	1
Provision for (release of) loan losses	109	25
Other	(7)	(11)
Ending balance	268	133
Loans, additional information
Allowance, inherent	160	128
Allowance, specific	108	5
Loans, inherent	24,499	21,096
Loans, specific	627	25
Total Loans	25,126	21,121	23,554
Allowance for lending-related commitments rollforward
Beginning balance	180	147
Provision for lending-related commitments	15	36
Other		(1)
Ending balance	195	182
Lending-related commitments, additional information
Allowance, inherent	184	182
Allowance, specific	11	0
Lending-related commitments, inherent	65,682	70,153
Lending-related commitments, specific	136	26
Total lending-related commitments evaluated for impairment	65,818	70,179
Consumer
Allowance for loan losses rollforward
Beginning balance	5	2
Gross charge-offs	0
Gross recoveries	0	0
Net recoveries/ (charge-offs)	0	0
Provision for (release of) loan losses	(1)	0
Other	0	0
Ending balance	4	2
Loans, additional information
Allowance, inherent	4	2
Allowance, specific	0	0
Loans, inherent	22,174	17,372
Loans, specific	0	0
Total Loans	22,174	17,372	21,528
Allowance for lending-related commitments rollforward
Beginning balance	1	0
Provision for lending-related commitments	0	0
Other		0
Ending balance	1	0
Lending-related commitments, additional information
Allowance, inherent	1	0
Allowance, specific	0	0
Lending-related commitments, inherent	5,066	3,875
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	5,066	3,875
Residential Real Estate
Allowance for loan losses rollforward
Beginning balance	17	8
Gross charge-offs	0
Gross recoveries	0	0
Net recoveries/ (charge-offs)	0	0
Provision for (release of) loan losses	2	0
Other	0	0
Ending balance	19	8
Loans, additional information
Allowance, inherent	19	8
Allowance, specific	0	0
Loans, inherent	21,762	16,833
Loans, specific	18	20
Total Loans	21,780	16,853	20,863
Allowance for lending-related commitments rollforward
Beginning balance	0	0
Provision for lending-related commitments	0	0
Other		0
Ending balance	0	0
Lending-related commitments, additional information
Allowance, inherent	0	0
Allowance, specific	0	0
Lending-related commitments, inherent	327	287
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	327	287
Wholesale Real Estate
Allowance for loan losses rollforward
Beginning balance	37	21
Gross charge-offs	0
Gross recoveries	0	0
Net recoveries/ (charge-offs)	0	0
Provision for (release of) loan losses	2	1
Other	0	0
Ending balance	39	22
Loans, additional information
Allowance, inherent	39	22
Allowance, specific	0	0
Loans, inherent	6,816	5,265
Loans, specific	0	0
Total Loans	6,816	5,265	$ 6,839
Allowance for lending-related commitments rollforward
Beginning balance	4	2
Provision for lending-related commitments	1	1
Other		0
Ending balance	5	3
Lending-related commitments, additional information
Allowance, inherent	5	3
Allowance, specific	0	0
Lending-related commitments, inherent	380	376
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	$ 380	$ 376

Loans and Allowance for Credi73

Loans and Allowance for Credit Losses (Employee Loans) (Details) - Employee Retainment and Recruitment Program - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Employee Loans
Employee loans outstanding	$ 4,708	$ 4,923
Allowance for employee loans	$ 103	$ 108
Minimum
Employee Loans
Employee loan repayment terms	2 years
Maximum
Employee Loans
Employee loan repayment terms	12 years

Equity Method Investments (Narr

Equity Method Investments (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Equity Method Investments
Equity method investment	$ 3,257		$ 3,144
Income (loss) from equity method investments	15	$ 38
MUMSS
Equity Method Investments
Income (loss) from equity method investments	$ 34	$ 69
Percent ownership	40.00%	40.00%
MUMSS | MUFG
Equity Method Investments
Voting interest held by noncontrolling interest	60.00%	60.00%

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Deposits [Abstract]
Savings and demand deposits	$ 154,049	$ 153,346
Time deposits	3,542	2,688
Total	157,591	156,034
Maturities of Interest-bearing Deposits
Saving deposits payable upon demand	154,032
Time deposits maturing in 2016	3,044
Time deposits maturing in 2017	456
Time deposits maturing in 2018	10
Time Deposits At Or Above FDIC Insurance Limit	15	14
Deposits subject to FDIC	$ 114,000	$ 113,000

Long-Term Borrowings and Othe76

Long-Term Borrowings and Other Secured Financings (Other Narratives) (Details) - USD ($) $ in Billions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Long-term Borrowings
Notes issued, principal amount	$ 13.2	$ 11.3
Notes matured or retired	$ 8	$ 5.3
Weighted average maturity of long-term borrowings	6 years 2 months		6 years 1 month

Long-Term Borrowings and Othe77

Long-Term Borrowings and Other Secured Financings (Components of Long-term Borrowings) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Components of Long-term Borrowings
Senior debt	$ 149,060	$ 140,494
Subordinated debt	10,895	10,404
Junior subordinated debentures	2,849	2,870
Total	$ 162,804	$ 153,768

Long-Term Borrowings and Othe78

Long-Term Borrowings and Other Secured Financings (Other Secured Financings) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Components of other secured financings
Secured financings with original maturities greater than one year	$ 7,551	$ 7,629
Secured financings with original maturities one year or less	1,373	1,435
Failed sales	392	400
Total other secured financings	$ 9,316	$ 9,464

Commitments, Guarantees and C79

Commitments, Guarantees and Contingencies (Narrative - Contingencies) (Details) - USD ($) $ in Millions

Mar. 25, 2016

Jan. 25, 2011

Jul. 15, 2010

Mar. 31, 2016

Jan. 23, 2015

Apr. 28, 2014

Jul. 08, 2013

May. 03, 2013

Jan. 10, 2013

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 Bank of New York Mellon Trust, National Association v. Morgan Stanley Mortgage Capital Inc.

Contingencies

Damages sought

$ 81

Estimate of possible loss, maximum

81

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

170

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

Deutsche Zentral-Genossenschaftsbank AG et al. v. Morgan Stanley et al.

Contingencies

Estimate of possible loss, minimum

262

Mortgage pass through certificate backed by securitization trusts original amount

$ 644

Mortgage pass through certificate backed by securitization trusts unpaid amount

$ 262

Mortgage pass through certificate incurred losses

$ 84

Deutsche Bank National Trust Company v. Morgan Stanley Mortgage Capital Holdings LLC

Contingencies

Estimate of possible loss, maximum

292

Original principal balance of loans in trust

$ 735

US Bank National Association 2007-2AX v. Morgan Stanley Mortgage Capital Holdings LLC

Contingencies

Estimate of possible loss, maximum

240

Original principal balance of loans in trust

$ 650

Deutsche Bank National Trust Company 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LLC

Contingencies

Estimate of possible loss, maximum

$ 277

Original principal balance of loans in trust

$ 1,050

Commitments, Guarantees and C80

Commitments, Guarantees and Contingencies (Commitments) (Details) $ in Millions	Mar. 31, 2016USD ($)
Commitment, Fiscal Year Maturity
Less than 1	$ 71,464
1-3 years	25,210
3-5 years	47,774
Over 5 years	4,997
Total	149,445
Letters of Credit and Other Financial Guarantees Obtained to Satisfy Collateral Requirements
Commitment, Fiscal Year Maturity
Less than 1	114
1-3 years	0
3-5 years	0
Over 5 years	106
Total	220
Investment Activities
Commitment, Fiscal Year Maturity
Less than 1	550
1-3 years	107
3-5 years	16
Over 5 years	302
Total	975
Lending Commitments | Corporate
Commitment, Fiscal Year Maturity
Less than 1	17,000
1-3 years	24,758
3-5 years	47,655
Over 5 years	4,315
Total	93,728
Commitments participated to third parties	4,100
Lending Commitments | Consumer
Commitment, Fiscal Year Maturity
Less than 1	5,059
1-3 years	3
3-5 years	0
Over 5 years	4
Total	5,066
Lending Commitments | Residential real estate
Commitment, Fiscal Year Maturity
Less than 1	35
1-3 years	71
3-5 years	83
Over 5 years	241
Total	430
Lending Commitments | Wholesale real estate
Commitment, Fiscal Year Maturity
Less than 1	86
1-3 years	271
3-5 years	20
Over 5 years	29
Total	406
Forward Starting Reverse Repurchase Agreements and Securities Borrowing Agreements
Commitment, Fiscal Year Maturity
Less than 1	48,472
1-3 years	0
3-5 years	0
Over 5 years	0
Total	48,472
Maximum commitment under reverse repurchase facility	2,200
Commitments due in the next three business days	41,600
Underwriting Commitments
Commitment, Fiscal Year Maturity
Less than 1	148
1-3 years	0
3-5 years	0
Over 5 years	0
Total	$ 148

Commitments, Guarantees and C81

Commitments, Guarantees and Contingencies (Obligations under Guarantee Arrangements) (Details) $ in Millions	Mar. 31, 2016USD ($)
Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	$ 685,167
Carrying Amount (Asset)/Liability	(127)
Collateral/Recourse	0
Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	399
Carrying Amount (Asset)/Liability	(2)
Collateral/Recourse	0
Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	2,716,876
Carrying Amount (Asset)/Liability	74,940
Collateral/Recourse	0
Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	9,157
Carrying Amount (Asset)/Liability	(111)
Collateral/Recourse	6,693
Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	425
Carrying Amount (Asset)/Liability	3
Collateral/Recourse	5
Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,154
Carrying Amount (Asset)/Liability	(5)
Collateral/Recourse	5,029
Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	23,428
Carrying Amount (Asset)/Liability	9
Collateral/Recourse	0
Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	63,896
Carrying Amount (Asset)/Liability	103
Collateral/Recourse	0
General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	426
Carrying Amount (Asset)/Liability	74
Collateral/Recourse	0
Less than 1 Year | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	214,631
Less than 1 Year | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	27
Less than 1 Year | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	1,186,070
Less than 1 Year | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	872
Less than 1 Year | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	64
Less than 1 Year | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,154
Less than 1 Year | Whole Loan Sales Guarantees
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	31
1 - 3 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	279,554
1 - 3 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	44
1 - 3 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	699,114
1 - 3 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,262
1 - 3 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	246
1 - 3 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | Whole Loan Sales Guarantees
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	36
3 - 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	138,777
3 - 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	5
3 - 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	298,000
3 - 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,139
3 - 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	98
3 - 5 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
3 - 5 Years | Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	2
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	48
Over 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	52,205
Over 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	323
Over 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	533,692
Over 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	5,884
Over 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	17
Over 5 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
Over 5 Years | Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	23,426
Over 5 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	63,896
Over 5 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	311
Primary and Secondary Lending Commitments
Guarantor Obligations
Standby letters of credit	$ 700

Variable Interest Entities an82

Variable Interest Entities and Securitization Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Additional maximum exposure to losses	$ 74	$ 72
Securities issued by SPEs	$ 12,600	$ 12,900

Variable Interest Entities an83

Variable Interest Entities and Securitization Activities (Consolidated VIEs) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
VIE assets	$ 3,412	$ 2,600
VIE liabilities	457	436
Mortgage and Asset-Backed Securitizations
Variable Interest Entity
VIE assets	901	900
VIE liabilities	0	0
Managed Real Estate Partnerships
Variable Interest Entity
VIE assets	791	787
VIE liabilities	13	13
Other Structured Financings
Variable Interest Entity
VIE assets	791	787
VIE liabilities	13	13
Credit-linked Notes
Variable Interest Entity
VIE assets	651	668
VIE liabilities	417	423
Other
Variable Interest Entity
VIE assets	1,069	245
VIE liabilities	$ 27	$ 0

Variable Interest Entities an84

Variable Interest Entities and Securitization Activities (Consolidated VIEs Assets and Liabilities, Generally Not Available to the Company) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Assets
Cash and due from banks	$ 22,797	$ 19,827	$ 19,683
Trading assets, fair value	234,150	228,280
Customer and other receivables	44,762	45,407
Goodwill	6,586	6,584
Other Assets	51,058	51,087
Total assets	807,497	787,465
Liabilities
Other secured financings	2,623	2,854
Other liabilities and accrued expenses	13,304	18,711
Total liabilities	730,322	711,281
Consolidated VIEs
Assets
Cash and due from banks	38	14
Trading assets, fair value	2,109	1,842
Customer and other receivables	13	3
Goodwill	18	0
Intangible assets	143	0
Other Assets	1,091	741
Total assets	3,412	2,600
Liabilities
Other secured financings	426	431
Other liabilities and accrued expenses	31	5
Total liabilities	$ 457	$ 436

Variable Interest Entities an85

Variable Interest Entities and Securitization Activities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Mortgage and Asset-Backed Securities
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	$ 124,025	$ 126,872
Maximum exposure to loss	14,116	13,855
Mortgage and Asset-Backed Securities | Assets
Variable Interest Entity
Carrying value of exposure to loss	13,470	13,361
Mortgage and Asset-Backed Securities | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	13,470	13,361
Carrying value of exposure to loss	13,470	13,361
Mortgage and Asset-Backed Securities | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss	0	0
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	646	494
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)	16,359	13,787
Residential Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	1,006	1,012
Commercial Mortgage
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	52,151	57,313
Commercial Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	2,515	2,871
U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	17,331	13,236
U.S. Agency Collateralized Mortgage Obligations | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	3,503	2,763
Other Consumer or Commercial Loans
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	38,184	42,536
Other Consumer or Commercial Loans | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss	6,446	6,715
Collateralized Debt Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	10,058	8,805
Maximum exposure to loss	1,907	1,490
Collateralized Debt Obligations | Assets
Variable Interest Entity
Carrying value of exposure to loss	1,319	1,259
Collateralized Debt Obligations | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	1,319	1,259
Carrying value of exposure to loss	1,319	1,259
Collateralized Debt Obligations | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss	0	0
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	588	231
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)	4,878	4,654
Maximum exposure to loss	2,973	2,835
Municipal Tender Option Bonds | Assets
Variable Interest Entity
Carrying value of exposure to loss	70	6
Municipal Tender Option Bonds | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	65	1
Carrying value of exposure to loss	65	1
Municipal Tender Option Bonds | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	2,908	2,834
Carrying value of exposure to loss	5	5
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)	5,023	2,201
Maximum exposure to loss	2,121	1,490
Other Structured Financings | Assets
Variable Interest Entity
Carrying value of exposure to loss	1,370	685
Other Structured Financings | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	1,756	1,129
Carrying value of exposure to loss	1,370	685
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	3	3
Other Structured Financings | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	365	361
Carrying value of exposure to loss	3	3
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)	42,052	20,775
Maximum exposure to loss	4,932	4,143
Other | Assets
Variable Interest Entity
Carrying value of exposure to loss	4,522	3,867
Other | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	4,481	3,854
Carrying value of exposure to loss	4,481	3,854
Other | Derivative and Other Contracts, Assets
Variable Interest Entity
Maximum exposure to loss	132	67
Carrying value of exposure to loss	41	13
Other | Liabilities
Variable Interest Entity
Carrying value of exposure to loss	60	15
Other | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	319	222
Carrying value of exposure to loss	11	0
Other | Derivative and Other Contracts, Liabilities
Variable Interest Entity
Carrying value of exposure to loss	$ 49	$ 15

Variable Interest Entities an86

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 1) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 35,843	$ 28,613
Derivative liabilities (fair value)	33,397	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,939	2,246
Interests purchased in the secondary market (fair value)	201	320
Derivative assets (fair value)	547	494
Derivative liabilities (fair value)	465	449
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	624	887
Interests purchased in the secondary market (fair value)	97	187
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,315	1,359
Interests purchased in the secondary market (fair value)	104	133
Special Purpose Entities | Residential Mortgage
Variable Interest Entity
SPE assets (unpaid principal balance)	21,705	22,440
Retained interests (fair value)	82	160
Interests purchased in the secondary market (fair value)	47	60
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)	0	0
Interests purchased in the secondary market (fair value)	0	0
Special Purpose Entities | Residential Mortgage | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	82	160
Interests purchased in the secondary market (fair value)	47	60
Special Purpose Entities | Commercial Mortgage Loans (CMBS)
Variable Interest Entity
SPE assets (unpaid principal balance)	55,403	72,760
Retained interests (fair value)	181	301
Interests purchased in the secondary market (fair value)	86	151
Derivative assets (fair value)	316	343
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Commercial Mortgage Loans (CMBS) | Investment Grade
Variable Interest Entity
Retained interests (fair value)	85	238
Interests purchased in the secondary market (fair value)	34	88
Special Purpose Entities | Commercial Mortgage Loans (CMBS) | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	96	63
Interests purchased in the secondary market (fair value)	52	63
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
SPE assets (unpaid principal balance)	14,631	17,978
Retained interests (fair value)	539	649
Interests purchased in the secondary market (fair value)	63	99
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)	539	649
Interests purchased in the secondary market (fair value)	63	99
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)	12,061	12,235
Retained interests (fair value)	1,137	1,136
Interests purchased in the secondary market (fair value)	5	10
Derivative assets (fair value)	231	151
Derivative liabilities (fair value)	465	449
Special Purpose Entities | Credit-Linked Notes and Other | Investment 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 | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,137	1,136
Interests purchased in the secondary market (fair value)	$ 5	$ 10

Variable Interest Entities an87

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 2) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 35,843	$ 28,613
Derivative liabilities (fair value)	33,397	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,939	2,246
Interests purchased in the secondary market (fair value)	201	320
Derivative assets (fair value)	547	494
Derivative liabilities (fair value)	465	449
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)	640	903
Interests purchased in the secondary market (fair value)	181	299
Derivative assets (fair value)	508	466
Derivative liabilities (fair value)	76	110
Special Purpose Entities | Level 3
Variable Interest Entity
Retained interests (fair value)	1,299	1,343
Interests purchased in the secondary market (fair value)	20	21
Derivative assets (fair value)	39	28
Derivative liabilities (fair value)	389	339
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	624	887
Interests purchased in the secondary market (fair value)	97	187
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)	624	886
Interests purchased in the secondary market (fair value)	97	187
Special Purpose Entities | Investment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	0	1
Interests purchased in the secondary market (fair value)	0	0
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,315	1,359
Interests purchased in the secondary market (fair value)	104	133
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)	16	17
Interests purchased in the secondary market (fair value)	84	112
Special Purpose Entities | Noninvestment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	1,299	1,342
Interests purchased in the secondary market (fair value)	$ 20	$ 21

Variable Interest Entities an88

Variable Interest Entities and Securitization Activities (Proceeds from retained interests in securitization transactions) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2013
Securitization Activities and Variable Interest Entities [Abstract]
Proceeds received from new securitization transactions	$ 2,713	$ 4,891
Proceeds from retained interests in securitization transactions	631	948
Collateralized Loan Obligations | Special Purpose Entities
Variable Interest Entity
Maturities, payments and sales	$ 31	$ 345	$ 2,347

Variable Interest Entities an89

Variable Interest Entities and Securitization Activities (Bilateral OTD equity derivatives) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Fair value of derivative assets recognized in the condensed consolidated balance sheet	$ 35,843	$ 28,613
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	33,397	29,474
Equity Securities And Over The Counter
Variable Interest Entity
Carrying value of assets derecognized at the time of sale and gross cash proceeds	9,020	7,878
Fair value of assets sold	9,248	7,935
Fair value of derivative assets recognized in the condensed consolidated balance sheet	235	97
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	$ 8	$ 40

Variable Interest Entities an90

Variable Interest Entities and Securitization Activities (Failed Sales) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Assets, carrying value	$ 392	$ 400
Liabilities, carrying value	$ 392	$ 400

Regulatory Requirements (Narrat

Regulatory Requirements (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
MS&Co.
Regulatory Requirements
Net capital	$ 10,411	$ 10,254
Amount of capital that exceeds the minimum required	8,483	8,458
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
Amount by which if net capital falls below, the company is required to notify the SEC	5,000
MSSB LLC
Regulatory Requirements
Net capital	3,645	3,613
Amount of capital that exceeds the minimum required	$ 3,491	$ 3,459

Regulatory Requirements (Capita

Regulatory Requirements (Capital Measures) (Details) - U.S. Basel III - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Advanced Approach transitional rules
Balance
Common Equity Tier capital, amount	$ 58,514	$ 59,409
Tier 1 capital, amount	65,198	66,722
Total capital, amount	77,969	79,403
Tier 1 leverage capital, amount	0	0
Assets
RWAs	373,925	384,162
Adjusted average total assets	$ 792,268	$ 803,574
Ratio
Common Equity Tier 1 capital, ratio	15.60%	15.50%
Tier 1 capital ratio	17.40%	17.40%
Total capital ratio	20.90%	20.70%
Minimum Regulatory Capital Ratio
Minimum Common Equity Tier 1 capital, required	5.90%	4.50%
Minimum Tier 1 capital ratio, required	7.40%	6.00%
Minimum total capital ratio, required	9.40%	8.00%
Minimum Tier 1 leverage ratio, required	4.00%	4.00%
Standardized Approach transitional rules
Ratio
Tier 1 leverage ratio	8.20%	8.30%

Regulatory Requirements (Signif

Regulatory Requirements (Significant U.S. Bank Operating Subsidiaries' Capital) (Details) - U.S. Basel III - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Advanced Approach transitional rules
Regulatory Requirements
Common Equity Tier capital, amount	$ 58,514	$ 59,409
Tier 1 capital, amount	65,198	66,722
Total capital, amount	77,969	79,403
Tier 1 leverage capital, amount	$ 0	$ 0
Ratio
Common Equity Tier 1 capital, ratio	15.60%	15.50%
Tier 1 capital ratio	17.40%	17.40%
Total capital ratio	20.90%	20.70%
Standardized Approach transitional rules
Ratio
Tier 1 leverage ratio	8.20%	8.30%
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%
Tier 1 leverage ratio, required	5.00%	5.00%
MSBNA | Standardized Approach transitional rules
Regulatory Requirements
Common Equity Tier capital, amount	$ 13,862	$ 13,333
Tier 1 capital, amount	13,862	13,333
Total capital, amount	15,670	15,097
Tier 1 leverage capital, amount	$ 13,862	$ 13,333
Ratio
Common Equity Tier 1 capital, ratio	15.50%	15.10%
Tier 1 capital ratio	15.50%	15.10%
Total capital ratio	17.50%	17.10%
Tier 1 leverage ratio	10.10%	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%
Tier 1 leverage ratio, required	5.00%	5.00%
MSPBNA | Standardized Approach transitional rules
Regulatory Requirements
Common Equity Tier capital, amount	$ 4,660	$ 4,197
Tier 1 capital, amount	4,660	4,197
Total capital, amount	4,692	4,225
Tier 1 leverage capital, amount	$ 4,660	$ 4,197
Ratio
Common Equity Tier 1 capital, ratio	27.00%	26.50%
Tier 1 capital ratio	27.00%	26.50%
Total capital ratio	27.20%	26.70%
Tier 1 leverage ratio	10.90%	10.50%

Total Equity (Narrative) (Detai

Total Equity (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Treasury Shares
Cash dividend declared on the Company's outstanding preferred stock	$ 78	$ 78
Preferred stock shares authorized	30
Common stock repurchased	$ 625	$ 250
Nonredeemable Noncontrolling Interests
Noncontrolling interests	$ 1,165		$ 1,002

Total Equity (Preferred Stock O

Total Equity (Preferred Stock Outstanding) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Class of Stock
Preferred stock carrying value	$ 7,520	$ 7,520
Series A Preferred Stock
Class of Stock
Preferred stock shares outstanding	44,000,000,000
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	519,882,000,000
Liquidation preference per share	$ 1,000
Preferred stock carrying value	$ 408	408
Series C Preferred Stock | MUFG
Class of Stock
Preferred Stock Shares Issued	1,160,791
Preferred Stock, Value, Issued	$ 911
Preferred Stock Redemption Amount	$ 503
Preferred Stock Redemption Shares	640,909
Convert to common shares	$ 705
Series E Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,500,000,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 862	862
Series F Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,000,000,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 850	850
Series G Preferred Stock
Class of Stock
Preferred stock shares outstanding	20,000,000,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 500	500
Series H Preferred Stock
Class of Stock
Preferred stock shares outstanding	52,000,000,000
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	40,000,000,000
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	60,000,000,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,500	$ 1,500

Total Equity (Components of Acc

Total Equity (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Beginning balance	$ (1,656)	$ (1,248)
Cumulative adjustment for accounting change related to DVA	(312)
Other comprehensive income (loss) before reclassifications	764	(5)
Amounts reclassified from AOCI	(34)	(13)
Net other comprehensive income (loss) during the period	730	(18)
Ending balance	(1,238)	(1,266)
Debt Valuation Adjustment
Beginning balance	0	0
Cumulative adjustment for accounting change related to DVA	(312)
Other comprehensive income (loss) before reclassifications	228	0
Amounts reclassified from AOCI	(26)	0
Net other comprehensive income (loss) during the period	202	0
Ending balance	(110)	0
Increase (Decrease) in income taxes	(15)
Foreign Currency Translation Adjustments
Beginning balance	(963)	(663)
Cumulative adjustment for accounting change related to DVA	0
Other comprehensive income (loss) before reclassifications	132	(220)
Amounts reclassified from AOCI	0	0
Net other comprehensive income (loss) during the period	132	(220)
Ending balance	(831)	(883)
Change in Net Unrealized Gains (Losses) on Securities Available for Sale
Beginning balance	(319)	(73)
Cumulative adjustment for accounting change related to DVA	0
Other comprehensive income (loss) before reclassifications	402	215
Amounts reclassified from AOCI	(7)	(15)
Net other comprehensive income (loss) during the period	395	200
Ending balance	76	127
Pension, Postretirement and Other Related Adjustments
Beginning balance	(374)	(512)
Cumulative adjustment for accounting change related to DVA	0
Other comprehensive income (loss) before reclassifications	2	0
Amounts reclassified from AOCI	(1)	2
Net other comprehensive income (loss) during the period	1	2
Ending balance	$ (373)	$ (510)

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
	Mar. 31, 2016	Mar. 31, 2015
Basic EPS:
Income from continuing operations	$ 1,160	$ 2,468
Income (loss) from discontinued operations	(3)	(5)
Net income	1,157	2,463
Net income applicable to noncontrolling interests	23	69
Net income applicable to Morgan Stanley	1,134	2,394
Less: Preferred dividends	(78)	(78)
Less: Allocation of (earnings) loss to participating RSUs	(1)	(2)
Earnings applicable to Morgan Stanley common shareholders	$ 1,055	$ 2,314
Weighted average common shares outstanding	1,883,141,468	1,924,122,199
Earnings per basic common share:
Income from continuing operations	$ 0.56	$ 1.21
Income (loss) from discontinued operations	0	(0.01)
Earnings (loss) per basic common share	$ 0.56	$ 1.2
Diluted EPS:
Earnings applicable to Morgan Stanley common shareholders	$ 1,055	$ 2,314
Weighted average common shares outstanding	1,883,141,468	1,924,122,199
Effect of dilutive securities:
Stock options and RSUs	32,000,000	39,000,000
Weighted average common shares outstanding and common stock equivalents	1,914,840,943	1,962,996,441
Earnings per diluted common share:
Income from continuing operations	$ 0.55	$ 1.18
Income (loss) from discontinued operations	0	0
Earnings (loss) per diluted common share	$ 0.55	$ 1.18

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
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive securities outstanding	15	12
RSUs and Performance-based Stock Units
Antidilutive securities outstanding	1	1
Stock Options
Antidilutive securities outstanding	14	11

Interest Income and Interest 99

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Trading assets	$ 582	$ 594
Investment securities	236	201
Loans	647	474
Interest bearing deposits with banks	50	22
Interest income securities purchased under agreements to resell and securities borrowed	(78)	(104)
Customer receivables and Other	310	297
Total Interest income	1,747	1,484
Interest expense:
Deposits	22	18
Short-term borrowings	6	4
Long-term borrowings	959	926
Securities sold under agreements to repurchase and Securities loaned	264	308
Customer payables and Other	(403)	(368)
Total Interest expense	848	888
Net interest	$ 899	$ 596

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Benefit Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Components of Net Periodic Benefit Expense (Income)
Service cost, benefits earned during the period	$ 4	$ 5
Interest cost on projected benefit obligation	38	39
Expected return on plan assets	(30)	(30)
Net amortization of prior service cost	(4)	(5)
Net amortization of actuarial loss	3	6
Net periodic benefit expense (income)	$ 11	$ 15

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of the Effective Income Tax Rate) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2015USD ($)
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.
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation
Aggregate discrete net 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
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information
Total non-interest revenues	$ 6,893	$ 9,311
Interest income	1,747	1,484
Interest expense	848	888
Net interest	899	596
Net revenues	7,792	9,907
Income (loss) from continuing operations before income taxes	1,738	2,855
Provision for (benefit from) income taxes	578	387
Income from continuing operations	1,160	2,468
Discontinued operations:
Income from discontinued operations before income taxes	(5)	(8)
Provision for (benefit from) income taxes	(2)	(3)
Income (loss) from discontinued operations	(3)	(5)
Net income (loss)	1,157	2,463
Net income applicable to noncontrolling interests	23	69
Net income (loss) applicable to Morgan Stanley	1,134	2,394
Segment Reporting Information, Additional Information
Performance-based fee revenue at risk	422		$ 422
Reduction of fees	23	50
Intersegment Eliminations
Segment Reporting Information
Total non-interest revenues	(67)	(54)
Interest income	(221)	(124)
Interest expense	(221)	(124)
Net interest	0	0
Net revenues	(67)	(54)
Income (loss) from continuing operations before income taxes	0	0
Provision for (benefit from) income taxes	0	0
Income from continuing operations	0	0
Discontinued operations:
Income from discontinued operations before income taxes	0	0
Provision for (benefit from) income taxes	0	0
Income (loss) from discontinued operations	0	0
Net income (loss)	0	0
Net income applicable to noncontrolling interests	0	0
Net income (loss) applicable to Morgan Stanley	0	0
Institutional Securities
Segment Reporting Information
Total non-interest revenues	3,645	5,546
Interest income	1,053	870
Interest expense	984	958
Net interest	69	(88)
Net revenues	3,714	5,458
Income (loss) from continuing operations before income taxes	908	1,813
Provision for (benefit from) income taxes	275	6
Income from continuing operations	633	1,807
Discontinued operations:
Income from discontinued operations before income taxes	(5)	(8)
Provision for (benefit from) income taxes	(2)	(3)
Income (loss) from discontinued operations	(3)	(5)
Net income (loss)	630	1,802
Net income applicable to noncontrolling interests	39	52
Net income (loss) applicable to Morgan Stanley	591	1,750
Segment Reporting Information, Additional Information
Discrete income tax expense (benefit)		564
Wealth Management
Segment Reporting Information
Total non-interest revenues	2,837	3,145
Interest income	914	737
Interest expense	83	48
Net interest	831	689
Net revenues	3,668	3,834
Income (loss) from continuing operations before income taxes	786	855
Provision for (benefit from) income taxes	293	320
Income from continuing operations	493	535
Discontinued operations:
Income from discontinued operations before income taxes	0	0
Provision for (benefit from) income taxes	0	0
Income (loss) from discontinued operations	0	0
Net income (loss)	493	535
Net income applicable to noncontrolling interests	0	0
Net income (loss) applicable to Morgan Stanley	493	535
Investment Management
Segment Reporting Information
Total non-interest revenues	478	674
Interest income	1	1
Interest expense	2	6
Net interest	(1)	(5)
Net revenues	477	669
Income (loss) from continuing operations before income taxes	44	187
Provision for (benefit from) income taxes	10	61
Income from continuing operations	34	126
Discontinued operations:
Income from discontinued operations before income taxes	0	0
Provision for (benefit from) income taxes	0	0
Income (loss) from discontinued operations	0	0
Net income (loss)	34	126
Net income applicable to noncontrolling interests	(16)	17
Net income (loss) applicable to Morgan Stanley	$ 50	$ 109

Segment and Geographic Infor103

Segment and Geographic Information (Assets by Segments) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Information
Assets	$ 807,497	$ 787,465
Institutional Securities
Segment Reporting Information
Assets	621,644	602,714
Wealth Management
Segment Reporting Information
Assets	181,087	179,708
Investment Management
Segment Reporting Information
Assets	$ 4,766	$ 5,043

Segment and Geographic Infor104

Segment and Geographic Information (Net Revenues by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information
Net Revenues	$ 7,792	$ 9,907
Americas
Segment Reporting Information
Net Revenues	5,752	6,930
EMEA
Segment Reporting Information
Net Revenues	1,129	1,762
Asia-Pacific
Segment Reporting Information
Net Revenues	$ 911	$ 1,215

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Billions	Apr. 18, 2016	Apr. 29, 2016	Apr. 21, 2016	Mar. 31, 2016	Mar. 31, 2015
Subsequent Event
Dividends declared per common share				$ 0.15	$ 0.1
Subsequent Event
Subsequent Event
Dividends declared per common share	$ 0.15
Dividends declared date	Apr. 18, 2016
Dividend payable date	May 13, 2016
Shareholders of record, date	Apr. 29, 2016
Decrease in long-term borrowings		$ 1.2
Subsequent Event | Senior Debt
Subsequent Event
Debt issuances			$ 3.5