Morgan Stanley (MS) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	MS
Entity Registrant Name	MORGAN STANLEY
Entity Central Index Key	895,421
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,911,808,935

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Investment banking	$ 1,224	$ 1,614	$ 2,331	$ 2,971
Trading	2,746	2,973	4,811	6,623
Investments	126	261	92	527
Commissions and fees	1,020	1,158	2,075	2,344
Asset management, distribution and administration fees	2,637	2,742	5,257	5,423
Other	243	297	323	468
Total non-interest revenues	7,996	9,045	14,889	18,356
Interest income	1,667	1,386	3,414	2,870
Interest expense	754	688	1,602	1,576
Net interest	913	698	1,812	1,294
Net revenues	8,909	9,743	16,701	19,650
Non-interest expenses:
Compensation and benefits	4,015	4,405	7,698	8,929
Occupancy and equipment	329	351	658	693
Brokerage, clearing and exchange fees	484	487	949	950
Information processing and communications	429	438	871	853
Marketing and business development	154	179	288	329
Professional services	547	598	1,061	1,084
Other	468	558	955	1,230
Total non-interest expenses	6,426	7,016	12,480	14,068
Income from continuing operations before income taxes	2,483	2,727	4,221	5,582
Provision for income taxes	833	894	1,411	1,281
Income from continuing operations	1,650	1,833	2,810	4,301
Income (loss) from discontinued operations, net of income taxes	(4)	(2)	(7)	(7)
Net income	1,646	1,831	2,803	4,294
Net income applicable to noncontrolling interests	64	24	87	93
Net income applicable to Morgan Stanley	1,582	1,807	2,716	4,201
Preferred stock dividends and other	157	142	235	222
Earnings applicable to Morgan Stanley common shareholders	$ 1,425	$ 1,665	$ 2,481	$ 3,979
Earnings per basic common share:
Income from continuing operations	$ 0.77	$ 0.87	$ 1.33	$ 2.07
Income (loss) from discontinued operations	(0.01)	0	(0.01)	0
Earnings per basic common share	0.76	0.87	1.32	2.07
Earnings per diluted common share:
Income from continuing operations	0.75	0.85	1.3	2.03
Income (loss) from discontinued operations	0	0	0	0
Earnings per diluted common share	0.75	0.85	1.3	2.03
Dividends declared per common share	$ 0.15	$ 0.15	$ 0.3	$ 0.25
Average common shares outstanding:
Basic	1,866	1,919	1,875	1,922
Diluted	1,899	1,960	1,907	1,962

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 1,646	$ 1,831	$ 2,803		$ 4,294
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	131	34	317	[1]	(188)	[1]
Change in net unrealized gains (losses) on available for sale securities	143	(228)	538	[2]	(28)	[2]
Pension, postretirement and other	(5)	(3)	(4)		(1)
Change in net debt valuation adjustments	145	0	348	[3]	0	[3]
Total other comprehensive income (loss)	414	(197)	1,199		(217)
Comprehensive income	2,060	1,634	4,002		4,077
Net income applicable to noncontrolling interests	64	24	87		93
Other comprehensive income (loss) applicable to noncontrolling interests	81	(16)	136		(18)
Comprehensive income applicable to Morgan Stanley	1,915	1,626	3,779		4,002
Parenthetical Disclosures
Foreign currency translation adjustments, provision for (benefit from) income taxes	(59)	(54)	(174)		120
Change in net unrealized gains (losses) on securities available for sale, provision for (benefit from) income taxes	84	$ (137)	314		$ (16)
Debt valuation adjustments, provision for (benefit from) income taxes	$ 80		$ 200
[1]	Amounts include Provision for (benefit from) income taxes of $ (59 ) million and $ (54) million in the quarter ended June 30, 2016 (“current quarter”) and the quarter ended June 30, 2015 (“prior year quarter”), respectively, and $ (174 ) million and $ 120 million in the six months ended June 30, 2016 (“current year period”) and the six months ended June 30, 2015 (“prior year period”), respectively.
[2]	Amounts include Provision for (benefit from) income taxes of $ 84 mill ion and $ (137) million in the current quarter and prior year quarter, respectively, and $ 314 million and $ (16) million in the current year period and prior year period, respectively .
[3]	Debt valuation adjustments (“DVA”) represent the change in the fair v alue resulting from fluctuations in the Firm’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 $ 80 mil lion and $ 200 million in the current quarter and current year period, respectively . See Notes 2 and 14 for further information.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 27,597	$ 19,827
Interest bearing deposits with banks	28,536	34,256
Trading assets, at fair value ($141,543 and $127,627 were pledged to various parties)	256,794	239,505
Investment securities (includes $67,726 and $66,759 at fair value)	80,144	71,983
Securities purchased under agreements to resell (includes $555 and $806 at fair value)	97,589	87,657
Securities borrowed	131,281	142,416
Customer and other receivables	52,827	45,407
Loans
Held for investment (net of allowances of $323 and $225)	77,283	72,559
Held for sale	15,882	13,200
Goodwill	6,581	6,584
Intangible assets (net of accumulated amortization of $2,279 and $2,130) (includes $3 and $5 at fair value)	2,833	2,984
Other assets	51,526	51,087
Total assets	828,873	787,465
Liabilities
Deposits (includes $95 and $125 at fair value)	152,693	156,034
Short-term borrowings (includes $511 and $1,648 at fair value)	880	2,173
Trading liabilities, at fair value	140,662	128,455
Securities sold under agreements to repurchase (includes $699 and $683 at fair value)	50,328	36,692
Securities loaned	17,241	19,358
Other secured financings (includes $2,921 and $2,854 at fair value)	9,901	9,464
Customer and other payables	201,189	186,626
Other liabilities and accrued expenses	14,112	18,711
Long-term borrowings (includes $37,804 and $33,045 at fair value)	163,492	153,768
Total liabilities	750,498	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: 1,917,509,492 and 1,920,024,027	20	20
Additional Paid-in capital	22,697	24,153
Retained earnings	51,410	49,204
Employee stock trusts	2,873	2,409
Accumulated other comprehensive loss	(905)	(1,656)
Common stock held in treasury, at cost, $0.01 par value (121,384,487 and 118,869,952 shares)	(3,626)	(4,059)
Common stock issued to employee trusts	(2,873)	(2,409)
Total Morgan Stanley shareholders' equity	77,116	75,182
Noncontrolling interests	1,259	1,002
Total equity	78,375	76,184
Total liabilities and equity	$ 828,873	$ 787,465

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Condensed Consolidated Statements of Financial Condition
Trading assets pledged to various parties	$ 141,543	$ 127,627
Total AFS securities, fair value	67,726	66,759
Securities purchased under agreement to resell, fair value	555	806
Allowance for loan losses	323	225
Intangible assets, accumulated amortization	2,279	2,130
Intangible assets, fair value	3	5
Deposits, fair value	95	125
Short-term borrowings, fair value	511	1,648
Securities sold under agreement to repurchase, fair value	699	683
Other secured financings, fair value	2,921	2,854
Long-term borrowings, fair value	$ 37,804	$ 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	1,917,509,492	1,920,024,027
Common stock held in treasury, shares	121,384,487	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
BALANCE AT at Dec. 31, 2014		$ 72,104	$ 6,020	$ 20	$ 24,249	$ 44,625	$ 2,127	$ (1,248)	$ (2,766)	$ (2,127)	$ 1,204
Net income applicable to Morgan Stanley		4,201				4,201
Net income applicable to noncontrolling interests		93									93
Dividends		(720)				(720)
Shares issued under employee plans and related tax effects		846			(577)		314		1,423	(314)
Repurchases of common stock and employee tax withholdings		(1,473)							1,473
Net change in Accumulated other comprehensive income (loss)		(217)						(199)			(18)
Issuance of preferred stock		1,493	1,500		(7)
Deconsolidation of certain legal entities associated with a real estate fund		(191)									(191)
Other net decreases		(69)			(10)						(59)
BALANCE AT at Jun. 30, 2015		76,067	7,520	20	23,655	48,106	2,441	(1,447)	(2,816)	(2,441)	1,029
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	[2]	106									106
Net income applicable to Morgan Stanley		2,716				2,716
Net income applicable to noncontrolling interests		87									87
Dividends		(822)				(822)
Shares issued under employee plans and related tax effects		606			(1,456)		464		2,062	(464)
Repurchases of common stock and employee tax withholdings		(1,629)							(1,629)
Net change in Accumulated other comprehensive income (loss)		1,199						1,063			136
Other net decreases		(72)									(72)
BALANCE AT at Jun. 30, 2016		$ 78,375	$ 7,520	$ 20	$ 22,697	$ 51,410	$ 2,873	$ (905)	$ (3,626)	$ (2,873)	$ 1,259
[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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,803	$ 4,294
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Income from equity method investments	(1)	(83)
Compensation payable in common stock and options	492	611
Depreciation and amortization	879	654
Net gain on sale of available for sale securities	(82)	(55)
Impairment charges	67	83
Provision for credit losses on lending activities	131	38
Other operating adjustments	218	37
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	(333)	25,115
Securities borrowed	11,135	(7,261)
Securities loaned	(2,117)	(2,068)
Customer and other receivables and other assets	(10,537)	(601)
Customer and other payables and other liabilities	9,907	(1,482)
Securities purchased under agreements to resell	(9,932)	(23,472)
Securities sold under agreements to repurchase	13,636	(4,263)
Net cash provided by (used for) operating activities	16,266	(8,453)
Proceeds from (payments for):
Other assets - Premises, equipment and software net	(645)	(620)
Loans:
Changes in loans, net	(4,724)	(9,082)
Investment securities:
Purchases	(30,700)	(26,832)
Proceeds from sales	20,274	26,501
Proceeds from paydowns and maturities	3,507	2,796
Other investing activities	(126)	(97)
Net cash used for investing activities	(12,414)	(7,334)
Net proceeds from (payments for):
Short-term borrowings	(1,293)	861
Noncontrolling interests	(43)	(60)
Other secured financings	(69)	(280)
Deposits	(3,341)	5,659
Proceeds from:
Excess tax benefits associated with stock-based awards	42	176
Derivatives financing activities	0	312
Issuance of preferred stock, net of issuance costs	0	1,493
Issuance of long-term borrowings	20,628	22,909
Payments for:
Long-term borrowings	(15,900)	(12,963)
Derivatives financing activities	(120)	(257)
Repurchases of common stock and employee tax withholdings	(1,629)	(1,473)
Cash dividends	(791)	(673)
Net cash provided by (used for) financing activities	(2,516)	15,704
Effect of exchange rate changes on cash and cash equivalents	714	(542)
Net increase (decrease) in cash and cash equivalents	2,050	(625)
Cash and cash equivalents, at beginning of period	54,083	46,984
Cash and cash equivalents, at end of period	56,133	46,359
Cash and cash equivalents include:
Cash and due from banks	27,597	19,145
Interest bearing deposits with banks	28,536	27,214
Cash and cash equivalents, at end of period	56,133	46,359
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	1,082	1,027
Cash payments for income taxes, net of refunds	$ 340	$ 342

Introduction and Basis of Prese

Introduction and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Introduction and Basis of Presentation
Introduction And Basis Of Presentation	1. Introduction and Basis of Presentation The Firm Morgan Stanley, a financial holding company, is a global financial services firm that maintains significant market positions in each of its business segments—Institutional Securities, Wealth Management and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Unless the context otherwise requires, the terms “Morgan Stanley” or the “Firm” 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 Firm’s business segments, see Note 1 to the consolidated financial statements in the Firm’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”). Basis of Financial Information The consolidated financial statements are prepared in accordance with accountin g principles generally accepted in the United States of America (“U.S. GAAP”) , which require the Firm 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 consolidated financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its co nsolidated financial statements are prudent and reasonable. Actual results could differ materially from these estimates. Intercompany balances and transactions have been eliminated. The accompanying consolidated financial statements should be read in con junction with the Firm’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 consolidated financial statements as they are n ot required for interim reporting under U.S. GAAP. The consolidated financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period . The results of operations for interim periods are not necessarily indicative of results for the entire year. Consolidation The consolidated financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain variable interest entities (“VIE”) (see Note 12). For consolidated subsidiaries that are less than wholly owned, the third-party holdings of equity interests are referred to as nonco ntrolling interests. The net income attributable to noncontrolling interests for such subsidiaries is presented as Net income (loss) applicable to noncontrolling interests in the consolidated statements of income. The portion of shareholders’ equity of suc h subsidiaries that is attributable to noncontrolling interests for such subsidiaries is presented as noncontrolling interests, a component of total equity, in the consolidated balance sheets. For a discussion of the Firm’s VIEs and its significant regul ated 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. Consolidated Statement s of Cash Flows Presentation The adoption of the accounting update, Amendme nts to the Consolidation Analysis (see Note 2) on January 1, 2016, resulted in a net noncash increase in total assets of $ 126 million. In the prior year quarter, the Firm deconsolidated approximately $ 191 million in net assets previously attributable to no nredeemable noncontrolling interests that were related to a real estate fund sponsored by the Firm. The deconsolidation resulted in a non-cash reduction of assets of $ 169 million. Global Oil Merchanting Business As a result of entering into a definit ive agreement to sell the global oil merchanting unit of the commodities division to Castleton Commodities International LLC, on May 11, 2015, the Firm recognized an impairment charge of $ 59 million in Other revenues during the prior quarter and prior year period, t o reduce the carrying amount of the unit to its estimated fair value less costs to sell. The Firm closed the transaction on November 1, 2015. The transaction did not meet the criteria for discontinued operations and did not have a material impact on the Firm’s financial results.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Summary of Significant Accounting Policies
Significant Accounting Policies	2. Significant Accounting Policies For a detailed discussion about the Firm’s significant accounting policies, see Note 2 to the consolidated financial statements in the 2015 Form 10-K. During the current year period , other than the following, there were no significant updates made to the Firm’s significant accounting policies. Accounting Standards Adopted The Firm adopted the following accounting updates as of January 1, 2016 . Recognition and Measurement of Finan cial Assets and Financial Liabilities. In January 2016, the Financial Accounting Standards Board (the “FASB”) issued an accounting update that changes the requirements for the recognition and measurement of certain financial assets and financial liabilities. The Firm 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 income. Realized DVA amounts will be recycled from A OCI to Trading revenues. DVA amounts from periods prior to adoption remain in Trading revenues as previously reported. A cumula tive 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 effective January 1, 2018 , and are not expected to have a material impact on the 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 adoption on January 1, 2016, increased total assets by $ 131 million, reflecting consolidations of $ 206 million net of deconsolidations of $ 75 million. The consolidations res ulted primarily from certain funds in Investment Management where the Firm 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, instead of as an asset as was p reviously required . This guidance became effective for the Firm beginning January 1, 2016 and did not have a material impact in the consolidated financial statements. The Firm adopted the following accounting updates as of January 1, 2016 , which did not h ave an impact in the 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 Financial 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	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures
Fair Value Disclosures	3. Fair Value s Fair Value Measurements For a description of the valuation techniques applied to the Firm’s major categories of assets and liabilities measured at fair value on a recurring basis, see Note 3 to the consolidated financial statements in the 2015 Form 10-K. During the current quarter and current year period , there were no significant updates made to the Firm’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 June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 24,565 $ — $ — $ — $ 24,565 U.S. agency securities 795 22,085 20 — 22,900 Total U.S. government and agency securities 25,360 22,085 20 — 47,465 Other sovereign government obligations 20,942 6,607 2 — 27,551 Corporate and other debt: State and municipal securities — 1,943 10 — 1,953 Residential mortgage-backed securities — 586 216 — 802 Commercial mortgage-backed securities — 961 51 — 1,012 Asset-backed securities — 142 88 — 230 Corporate bonds — 11,751 276 — 12,027 Collateralized debt and loan obligations — 443 109 — 552 Loans and lending commitments(1) — 3,879 5,418 — 9,297 Other debt — 827 528 — 1,355 Total corporate and other debt — 20,532 6,696 — 27,228 Corporate equities(2) 100,018 367 572 — 100,957 Securities received as collateral 10,121 7 — — 10,128 Derivative and other contracts: Interest rate contracts 791 462,243 540 — 463,574 Credit contracts — 16,157 304 — 16,461 Foreign exchange contracts 140 76,264 101 — 76,505 Equity contracts 1,368 40,524 637 — 42,529 Commodity contracts 2,847 8,605 4,057 — 15,509 Other — 16 — — 16 Netting(3) (4,184) (505,871) (2,537) (63,844) (576,436) Total derivative and other contracts 962 97,938 3,102 (63,844) 38,158 Investments(4): Principal investments 21 19 769 — 809 Other 295 559 205 — 1,059 Total investments 316 578 974 — 1,868 Physical commodities — 193 — — 193 Total trading assets(4) 157,719 148,307 11,366 (63,844) 253,548 AFS securities 31,062 36,664 — — 67,726 Securities purchased under agreements to resell — 555 — — 555 Intangible assets — 3 — — 3 Total assets measured at fair value $ 188,781 $ 185,529 $ 11,366 $ (63,844) $ 321,832 Liabilities at Fair Value Deposits $ — $ 65 $ 30 $ — $ 95 Short-term borrowings — 511 — — 511 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 12,983 — — — 12,983 U.S. agency securities 358 111 — — 469 Total U.S. government and agency securities 13,341 111 — — 13,452 Other sovereign government obligations 15,885 2,668 — — 18,553 Corporate and other debt: State and municipal securities — 3 — — 3 Asset-backed securities — 449 — — 449 Corporate bonds — 5,578 6 — 5,584 Other debt — 15 3 — 18 Total corporate and other debt — 6,045 9 — 6,054 Corporate equities(2) 46,440 76 26 — 46,542 Obligation to return securities received as collateral 18,731 7 — — 18,738 Derivative and other contracts: Interest rate contracts 969 436,022 775 — 437,766 Credit contracts — 16,403 1,418 — 17,821 Foreign exchange contracts 82 78,441 102 — 78,625 Equity contracts 1,262 43,177 2,110 — 46,549 Commodity contracts 2,368 7,652 2,759 — 12,779 Other — 91 11 — 102 Netting(3) (4,184) (505,871) (2,537) (43,727) (556,319) Total derivative and other contracts 497 75,915 4,638 (43,727) 37,323 Total trading liabilities 94,894 84,822 4,673 (43,727) 140,662 Securities sold under agreements to repurchase — 549 150 — 699 Other secured financings — 2,480 441 — 2,921 Long-term borrowings 44 35,831 1,929 — 37,804 Total liabilities measured at fair value $ 94,938 $ 124,258 $ 7,223 $ (43,727) $ 182,692 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 Securities received as collateral 11,221 3 1 — 11,225 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) 150,128 128,086 13,010 (55,562) 235,662 AFS securities 34,351 32,408 — — 66,759 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 Obligation to return securities received as collateral 19,312 3 1 — 19,316 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 91,421 71,734 5,773 (40,473) 128,455 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) A t June 30, 2016 , Loans and lending commitments h eld at fair value consisted of $ 7,114 million of corporate loans, $ 1,721 million of res idential real estate loans and $ 462 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 loans and $ 1,447 million of whol esale real estate loans. (2) For trading purposes, the Firm 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 over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the same level is included within that 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 value (“NAV”) per share, which a re not classified in the fair value hierarchy. At June 30, 2016 and December 31, 2015, the fair value of these investments was $ 3,246 million and $ 3,843 million, respectively. For additional disclosure 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 all periods presented . 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 following tables do not reflect the related real ized and unrealized gains (losses) on hedging instruments that have been classified by the Firm within the Level 1 and/or Level 2 categories. Additionally, both observable and unobservable inputs may be used to determine the fair value of positions that the Firm 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 following tables herein may include changes in fair value during the p eriod 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 March 31, 2016 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ 8 $ — $ — $ (18) $ — $ — $ 30 $ 20 $ — Other sovereign government obligations 8 — — (3) — — (3) 2 — Corporate and other debt: State and municipal securities 5 1 4 — — — — 10 2 Residential mortgage-backed securities 292 3 — (82) — — 3 216 (5) Commercial mortgage-backed securities 59 (3) 1 (4) — — (2) 51 (5) Asset-backed securities 4 (4) 6 (1) — — 83 88 (4) Corporate bonds 224 17 116 (35) — — (46) 276 17 Collateralized debt and loan obligations 348 18 3 (178) — — (82) 109 18 Loans and lending commitments 6,185 (46) 360 (484) — (596) (1) 5,418 (55) Other debt 527 4 13 (19) — — 3 528 2 Total corporate and other debt 7,644 (10) 503 (803) — (596) (42) 6,696 (30) Corporate equities 430 (63) 273 (82) — — 14 572 (63) Net derivative and other contracts(2): Interest rate contracts 169 (159) 2 — (7) 42 (282) (235) (157) Credit contracts (723) 65 1 — — 93 (550) (1,114) 53 Foreign exchange contracts 126 (58) — — — (94) 25 (1) (47) Equity contracts (1,832) 168 50 — (140) 263 18 (1,473) (106) Commodity contracts 1,200 211 5 — (4) (88) (26) 1,298 130 Other — — — — — — (11) (11) — Total net derivative and other contracts (1,060) 227 58 — (151) 216 (826) (1,536) (127) Investments: Principal investments 743 4 33 (11) — — — 769 6 Other 179 1 25 — — — — 205 1 Total investments 922 5 58 (11) — — — 974 7 Intangible assets 4 — — — — — (4) — — Liabilities at Fair Value Deposits $ 23 $ (1) $ — $ — $ 8 $ — $ (2) $ 30 $ (1) Trading liabilities: Corporate and other debt: Corporate bonds 6 (1) (5) 29 — — (25) 6 (1) Lending commitments 1 1 — — — — — — — Other debt 4 — (1) — — — — 3 — Total corporate and other debt 11 — (6) 29 — — (25) 9 (1) Corporate equities 31 (28) (33) 5 — — (5) 26 — Obligation to return securities received as collateral 1 — (1) — — — — — — Securities sold under agreements to repurchase 151 1 — — — — — 150 1 Other secured financings 454 (14) — — 23 (22) (28) 441 (14) Long-term borrowings 1,798 21 — — 164 (131) 119 1,929 26 Beginning Balance at December 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ 1 $ — $ (19) $ — $ — $ 38 $ 20 $ 1 Other sovereign government obligations 4 — — (5) — — 3 2 1 Corporate and other debt: State and municipal securities 19 1 4 (15) — — 1 10 1 Residential mortgage-backed securities 341 (19) 19 (133) — — 8 216 (14) Commercial mortgage-backed securities 72 (10) — (19) — — 8 51 (11) Asset-backed securities 25 (7) 7 (18) — — 81 88 (8) Corporate bonds 267 62 113 (128) — — (38) 276 61 Collateralized debt and loan obligations 430 5 22 (224) — — (124) 109 17 Loans and lending commitments 5,936 (111) 970 (720) — (672) 15 5,418 (121) Other debt 448 (2) 133 (63) — — 12 528 (2) Total corporate and other debt 7,538 (81) 1,268 (1,320) — (672) (37) 6,696 (77) Corporate equities 433 (45) 296 (119) — — 7 572 (64) Securities received as collateral 1 — — (1) — — — — — Net derivative and other contracts(2): Interest rate contracts 260 305 3 — (21) (60) (722) (235) 205 Credit contracts (844) (343) 1 — — 153 (81) (1,114) (360) Foreign exchange contracts 141 (109) — — — (201) 168 (1) (82) Equity contracts (2,031) (321) 71 — (184) 1,121 (129) (1,473) (434) Commodity contracts 1,050 297 7 — (4) (176) 124 1,298 210 Other — — — — — — (11) (11) — Total net derivative and other contracts (1,424) (171) 82 — (209) 837 (651) (1,536) (461) Investments: Principal investments 486 (39) 403 (40) — (41) — 769 (37) Other 221 (17) 1 — — — — 205 (16) Total investments 707 (56) 404 (40) — (41) — 974 (53) Intangible assets 5 — — — — — (5) — — Liabilities at Fair Value Deposits $ 19 $ (2) $ — $ — $ 13 $ — $ (4) $ 30 $ (2) Short-term borrowings 1 — — — — (1) — — — Trading liabilities: Corporate and other debt: Corporate bonds — (5) (7) 10 — — (2) 6 (5) Other debt 4 2 (3) 4 — — — 3 2 Total corporate and other debt 4 (3) (10) 14 — — (2) 9 (3) Corporate equities 17 (3) (22) 18 — — 10 26 (3) Obligation to return securities received as collateral 1 — (1) — — — — — — Securities sold under agreements to repurchase 151 1 — — — — — 150 1 Other secured financings 461 (32) — — 69 (43) (78) 441 (32) Long-term borrowings 1,987 (12) — — 276 (167) (179) 1,929 (6) Beginning Balance at March 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ — $ (3) $ — $ — $ 6 $ 3 $ — Other sovereign government obligations 11 — 5 (1) — — (3) 12 — Corporate and other debt: State and municipal securities — 1 4 (9) — — 11 7 1 Residential mortgage-backed securities 296 2 138 (32) — — (26) 378 2 Commercial mortgage-backed securities 180 (4) 5 (9) — — (88) 84 (5) Asset-backed securities 67 5 11 (64) — — — 19 1 Corporate bonds 424 (4) 228 (150) — (2) (17) 479 (16) Collateralized debt and loan obligations 822 68 300 (439) — (78) (13) 660 (10) Loans and lending commitments 4,789 31 1,615 (351) — (491) (81) 5,512 26 Other debt 486 (1) 130 (51) — — — 564 (1) Total corporate and other debt 7,064 98 2,431 (1,105) — (571) (214) 7,703 (2) Corporate equities 230 38 266 (92) — — 44 486 26 Securities received as collateral 33 — — (30) — — — 3 — Net derivative and other contracts(2): Interest rate contracts (496) 95 4 — (13) 14 160 (236) 135 Credit contracts (984) (24) 4 — (24) 23 16 (989) (29) Foreign exchange contracts 297 57 — — (1) 43 50 446 82 Equity contracts (2,472) (23) 39 — (54) 206 202 (2,102) (161) Commodity contracts 1,345 4 2 — (112) (34) — 1,205 (27) Total net derivative and other contracts (2,310) 109 49 — (204) 252 428 (1,676) — Investments: Principal investments 829 (21) 5 (12) — (205) (15) 581 (21) Other 391 (4) — — — — (87) 300 — Total investments 1,220 (25) 5 (12) — (205) (102) 881 (21) Intangible assets 5 1 — — — — — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 23 $ — $ (21) $ 15 $ — $ — $ (2) $ 15 $ — Other debt 23 — — 10 — (29) — 4 — Total corporate and other debt 46 — (21) 25 — (29) (2) 19 — Corporate equities 50 240 (49) 2 — — 349 112 240 Obligation to return securities received as collateral 33 — (30) — — — — 3 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 133 2 — — 37 — — 168 2 Long-term borrowings 1,738 51 — — 549 (88) 73 2,221 51 Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ — $ — $ — $ — $ 3 $ — Other sovereign government obligations 41 1 6 (32) — — (4) 12 1 Corporate and other debt: State and municipal securities — 1 4 — — — 2 7 1 Residential mortgage-backed securities 175 21 163 (51) — — 70 378 12 Commercial mortgage-backed securities 96 (6) 16 (22) — — — 84 (9) Asset-backed securities 76 (4) 11 (29) — — (35) 19 2 Corporate bonds 386 10 213 (126) — (1) (3) 479 9 Collateralized debt and loan obligations 1,152 145 404 (682) — (331) (28) 660 (6) Loans and lending commitments 5,874 35 2,082 (209) — (2,078) (192) 5,512 30 Other debt 285 (8) 12 — — (1) 276 564 6 Total corporate and other debt 8,044 194 2,905 (1,119) — (2,411) 90 7,703 45 Corporate equities 272 64 260 (147) — — 37 486 49 Securities received as collateral — — 3 — — — — 3 — Net derivative and other contracts(2): Interest rate contracts (173) 188 9 — (20) 124 (364) (236) 197 Credit contracts (743) (276) 17 — (54) 31 36 (989) (284) Foreign exchange contracts 151 121 — — (1) 144 31 446 120 Equity contracts (2,165) (73) 69 — (225) 156 136 (2,102) (160) Commodity contracts 1,146 299 3 — (112) (72) (59) 1,205 234 Total net derivative and other contracts (1,784) 259 98 — (412) 383 (220) (1,676) 107 Investments: Principal investments 835 (4) 15 (46) — (205) (14) 581 (26) Other 323 (16) 2 (6) — — (3) 300 (12) Total investments 1,158 (20) 17 (52) — (205) (17) 881 (38) Intangible assets 6 1 — — — (1) — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (2) $ (12) $ 14 $ — $ — $ (67) $ 15 $ (2) Lending commitments 5 5 — — — — — — 5 Other debt 38 — — 6 — (39) (1) 4 — Total corporate and other debt 121 3 (12) 20 — (39) (68) 19 3 Corporate equities 45 19 (75) 25 — — 136 112 20 Obligation to return securities received as collateral — — — 3 — — — 3 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (6) — — 37 (24) — 168 2 Long-term borrowings 1,934 65 — — 612 (300) 40 2,221 59 ___________ (1) 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 . Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements The following disclosures provide information on the valuation techniques, significant unobservable inputs , and their ranges and averages for each major category of assets and liabilities measured at fair value on a recurring basis with a significant Level 3 balance. The level of aggregation and breadth of products cause the range of inputs to be wide and not evenly distributed across the inventory. Further, the range of uno bservable 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 June 30, 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 $ 216 Comparable pricing: Comparable bond price / (A) 0 to 79 points 20 points Commercial mortgage-backed securities 51 Comparable pricing: Comparable bond price / (A) 0 to 7 points 1 point Asset-backed securities 88 Comparable pricing: Comparable bond price / (A) 45 to 55 points 46 points Corporate bonds 276 Comparable pricing(3): Comparable bond price / (A) 3 to 135 points 91 points Comparable pricing: EBITDA multiple / (A) 5 to 10 times 7 times Collateralized debt and loan obligations 109 Comparable pricing(3): Comparable bond price / (A) 20 to 95 points 57 points Correlation model: Credit correlation / (B) 29% to 61% 42% Loans and lending commitments 5,418 Corporate loan model: Credit spread / (C) 482 to 898 bps 596 bps Margin loan model(3): Credit spread / (C)(D) 31 to 102 bps 86 bps Volatility skew / (C)(D) 20% to 46% 32% Discount rate / (C)(D) 1% to 8% 3% Expected recovery: Asset coverage / (A) 47% to 99% 90% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 43 to 100 points 87 points Discounted cash flow: Implied weighted average cost of capital / (C)(D) 5% to 6% 6% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 528 Comparable pricing: Comparable loan price / (A) 3 to 84 points 66 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% Discounted cash flow: Discount rate / (C) 10% to 13% 12% Corporate equities 572 Comparable pricing: Comparable equity price / (A) 100% 100% Net derivative and other contracts(4): Interest rate contracts (235) Option model(3): Interest rate - Foreign exchange correlation / (A)(D) 25% to 55% 42% / 42% (5) Interest rate volatility skew / (A)(D) 34% to 143% 78% / 77% (5) Interest rate quanto correlation / (A)(D) -8% to 35% 2% / -7% (5) Interest rate curve correlation / (C)(D) 19% to 95% 71% / 76% (5) Interest rate curve / (C)(D) 0% to 1% 1% / 1% (5) Inflation volatility / (A)(D) 0% to 1% 1% / 1% (5) Interest rate - Inflation correlation / (A)(D) -24% to -44% -34% / -33% (5) Foreign exchange volatility skew / (C)(D) 0% to 11% 4% / 6% (5) Comparable pricing: Comparable bond price / (C) 95 to 100 points 96 points Credit contracts (1,114) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 10 points Comparable bond price / (C)(D) 0 to 85 points 26 points Correlation model(3): Credit correlation / (B) 29% to 92% 49% Foreign exchange contracts(6) (1) Option model: Interest rate - Foreign exchange correlation / (A)(D) 25% to 55% 42% / 42% (5) Interest rate volatility skew / (A)(D) 34% to 143% 78% / 77% (5) Interest rate curve / (A)(D) 0% 0% / 0% (5) Interest rate curve correlation / (C)(D) 19% to 94% 73% / 81% (5) Equity contracts(6) (1,473) Option model: At the money volatility / (A)(D) 6% to 81% 35% Volatility skew / (A)(D) -4% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 98% 79% Equity - Foreign exchange correlation / (C)(D) -70% to -31% -42% Equity - Interest rate correlation / (C)(D) -7% to 50% 19% / 12% (5) Commodity contracts 1,298 Option model: Forward power price / (C)(D) $2 to $95 per $34 per megawatt hour megawatt hour Commodity volatility / (C)(D) 6% to 90% 18% Cross commodity correlation / (C)(D) 5% to 99% 93% Investments: Principal investments 769 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 13% to 16% 15% Exit multiple / (A)(D) 8 to 23 times 9 times Market approach(3): EBITDA multiple / (A)(D) 6 to 25 times 12 times Forward capacity price / (A)(D) $4 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 82% Other 205 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 13 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase 150 Discounted cash flow: Funding spread / (A) 117 to 123 bps 120 bps Other secured financings 441 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% 4% Discounted cash flow: Funding spread / (A) 101 to 126 bps 114 bps Long-term borrowings 1,929 Option model(3): At the money volatility / (C)(D) 6% to 48% 29% Volatility skew / (C)(D) -2% to 0% -1% Equity - Equity correlation / (C)(D) 50% to 98% 75% Equity - Foreign exchange correlation / (C)(D) -50% to 11% -25% Option model: Interest rate - credit spread correlation / (A)(D) -52% to 3% -24% / -23% (5) Interest rate - Foreign exchange correlation / (A)(D) 53% 53% / 53% (5) Interest rate - equity correlation / (A)(D) 7% to 44% 26% / 26% (5) Interest rate curve correlation / (C)(D) 40% to 87% 73% / 78% (5) Correlation model: Credit correlation / (B) 33% to 61% 44% 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 points 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, 898 bps would equal 8.98 %. (2) Amounts represent weighted averages except where simple aver ages and the median of the inputs are provided (see footnote 5 below). Weighted averages are calculated by weighting each input by the fair value of the respective financial instruments except for collateralized debt and loan obligations, principal investm ents, 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 adjustments (“CV A”) and funding valuation adjustments (“FVA”) are included in the balance but excluded from the Valuation Technique(s) and Significant Unobservable Input(s) in the previous table. CVA is a Level 3 input when the underlying counterparty credit curve is unob servable. 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, certain equity contracts and certain long-term borrowings may be in a multi-dimensional form, such as a curve or surface, with risk distributed across the structure. Therefore, a simple average and median, together with the range of data inputs, may be more appropriate measurements th an 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 unobservable input in isolation would result in a significantly higher (lower) fair value measurement. (B) Significant changes in credit correlation may result in a significantly higher or lower fair value measurement. Increasing (decreasing) correlation drives a redistributi on 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 in

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	4. Derivative Instruments and Hedging Activities For a discussion of the Firm ’s derivative instruments and hedging activities , see Note 4 to the consol idated financial statements in the 2015 Form 10-K. Fair Value, Notional and Offsetting of Derivative Assets and Liabilities Derivative Assets at June 30, 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 $ 3,325 $ 3,798 $ — $ 7,123 $ 34,003 $ 58,245 $ — $ 92,248 Foreign exchange contracts 88 — — 88 2,795 59 — 2,854 Total derivatives designated as accounting hedges 3,413 3,798 — 7,211 36,798 58,304 — 95,102 Derivatives not designated as accounting hedges(1): Interest rate contracts 287,757 168,366 328 456,451 3,940,102 6,615,199 1,636,768 12,192,069 Credit contracts 13,734 2,727 — 16,461 434,478 133,037 — 567,515 Foreign exchange contracts 75,891 386 140 76,417 1,851,368 16,653 21,279 1,889,300 Equity contracts 22,043 — 20,486 42,529 341,039 — 259,453 600,492 Commodity contracts 11,785 — 3,724 15,509 72,700 — 83,156 155,856 Other 16 — — 16 1,135 — — 1,135 Total derivatives not designated as accounting hedges 411,226 171,479 24,678 607,383 6,640,822 6,764,889 2,000,656 15,406,367 Total gross derivatives(2) $ 414,639 $ 175,277 $ 24,678 $ 614,594 $ 6,677,620 $ 6,823,193 $ 2,000,656 $ 15,501,469 Amounts offset: Counterparty netting (321,553) (173,222) (21,214) (515,989) Cash collateral netting (60,352) (95) — (60,447) Total derivative assets at fair value included in Trading assets $ 32,734 $ 1,960 $ 3,464 $ 38,158 Amounts not offset(3): Financial instruments collateral (12,011) — — (12,011) Other cash collateral (23) — — (23) Net exposure $ 20,700 $ 1,960 $ 3,464 $ 26,124 Derivative Liabilities at June 30, 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 $ — $ — $ — $ — $ — $ 32 $ — $ 32 Foreign exchange contracts $ 492 $ 23 $ — $ 515 $ 8,348 $ 689 $ — $ 9,037 Total derivatives designated as . accounting hedges 492 23 — 515 8,348 721 — 9,069 Derivatives not designated as accounting hedges(1): Interest rate contracts 265,270 172,084 412 437,766 3,654,941 6,558,339 760,822 10,974,102 Credit contracts 14,888 2,933 — 17,821 489,656 115,979 — 605,635 Foreign exchange contracts 77,614 414 82 78,110 1,837,572 15,817 10,511 1,863,900 Equity contracts 25,633 — 20,916 46,549 342,625 — 261,986 604,611 Commodity contracts 9,390 — 3,389 12,779 68,095 — 64,896 132,991 Other 102 — — 102 4,817 — — 4,817 Total derivatives not designated as accounting hedges 392,897 175,431 24,799 593,127 6,397,706 6,690,135 1,098,215 14,186,056 Total gross derivatives(2) $ 393,389 $ 175,454 $ 24,799 $ 593,642 $ 6,406,054 $ 6,690,856 $ 1,098,215 $ 14,195,125 Amounts offset: Counterparty netting (321,553) (173,222) (21,214) (515,989) Cash collateral netting (38,378) (1,952) — (40,330) Total derivative liabilities at fair value included in Trading liabilities $ 33,458 $ 280 $ 3,585 $ 37,323 Amounts not offset(3): Financial instruments collateral (11,509) — (514) (12,023) Other cash collateral (10) (41) — (51) Net exposure $ 21,939 $ 239 $ 3,071 $ 25,249 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 _____________ OTC—Over-the-counter (1) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,300.0 billion and $ 372.8 billion, respectively. The unsettled fair value on these futures contracts (excluded from this table) of $ 1,631 million and $ 153 million is included in Customer and other receivables and Customer and other payables, respecti vely, in the consolidated balance sheets. (2) Amounts include transactions which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Firm has not determined the agreements to be legally en forceable as follows: $ 4.8 billion of derivative assets and $ 6.3 billion of derivative liabilities at June 30, 2016 , and $ 4.2 billion of derivative assets and $ 5.2 billion of derivative liabilities at December 31, 2015 . (3) Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsettin g accounting 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 this table) of $ 1, 145 million and $ 437 million is included in Customer and other receivables and Customer and other payables, respectively, in the consolidated balance sheets. For information related to offsetting of certain collateralized transactions, see Note 6. Gains (Losses) on Fair Value Hedges Gains (Losses) Recognized in Interest Expense Three Months Ended June 30, Six Months Ended June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Derivatives $ 969 $ (1,899) $ 3,119 $ (1,141) Borrowings (993) 1,861 (3,282) 1,018 Total $ (24) $ (38) $ (163) $ (123) Gains (Losses) on Derivatives Designated as Net Investment Hedges Gains (Losses) Recognized in OCI (effective portion) Three Months Ended June 30, Six Months Ended June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Foreign exchange contracts(1) $ (112) $ (81) $ (336) $ 181 ____________ (1) Losses of $ 19 million and $ 39 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the current quarter and current year period , respectively. Losses of $ 36 million and $ 80 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the prior year quarter and prior year period , respectively. Gains (Losses) on Trading Instruments The following table summarizes gains and losses included in Trading revenues in the consolidated statement s of income from trading activities. These activities include revenues related to derivative and non-derivative financial instruments. The Firm 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 presented in the foll owing table are not representative of the manner in which the Firm manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Gains (Losses) Recognized in Trading Revenues Three Months Ended Six Months Ended June 30, June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Interest rate contracts $ 320 $ 355 $ 626 $ 925 Foreign exchange contracts 362 170 599 515 Equity security and index contracts(1) 1,615 1,746 2,945 3,341 Commodity and other contracts(2) 20 140 (124) 816 Credit contracts 429 380 765 719 Subtotal $ 2,746 $ 2,791 $ 4,811 $ 6,316 Debt valuation adjustments(3) — 182 — 307 Total trading revenue $ 2,746 $ 2,973 $ 4,811 $ 6,623 ____________ (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 current quarter and current year period are recorded within OCI in the consolidated statement s of comprehensive income. In the prior year quarter and prior year period , the DVA gains (losses) were recorded within Trading revenues in the consolidated statement s of income. See Notes 2 and 14 for further informatio n. OTC Derivative Products—Trading Assets Counterparty Credit Rating and Remaining Maturity of OTC Derivative Assets Fair Value at June 30, 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 $ 137 $ 396 $ 1,312 $ 4,360 $ (4,953) $ 1,252 $ 1,175 AA 3,156 1,502 1,814 12,226 (12,717) 5,981 3,771 A 11,078 7,607 5,336 28,058 (38,694) 13,385 7,784 BBB 5,794 4,489 2,622 15,861 (19,993) 8,773 6,808 Non-investment grade 3,923 2,505 996 5,370 (7,514) 5,280 3,122 Total $ 24,088 $ 16,499 $ 12,080 $ 65,875 $ (83,871) $ 34,671 $ 22,660 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 Firm ’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 with certain OTC trading agreements, the Firm 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 Firm. 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 Firm has posted collateral in the normal course of business. At June 30, 2016 (dollars in millions) Net derivative liabilities $ 28,999 Collateral posted 24,217 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 following table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scen arios based on the relevant contractual downgrade triggers. Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade At June 30, 2016(1) (dollars in millions) One-notch downgrade $ 1,075 Two-notch downgrade 1,233 ________ (1) Amounts include $ 1,481 million related to bilateral arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrade s . Credit Derivatives and Other Credit Contracts The Firm enters into credit derivatives, principally through credit default swaps, under which it receives or provides protection against the risk of default on a set of debt obligations issued by a specified reference entity or entities. A majority of the Firm’s counterparties are banks, broker-dealers and insurance and other financial institutions. Notional and Fair Value of Protection Sold and Protection Purchased through Credit Default Swaps At June 30, 2016 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 347,624 $ 463 $ 338,727 $ (453) Index and basket credit default swaps 176,009 726 143,734 (771) Tranched index and basket credit default swaps 43,657 (793) 123,399 2,188 Total $ 567,290 $ 396 $ 605,860 $ 964 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 June 30, 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(2): Investment grade $ 92,734 $ 94,348 $ 48,928 $ 11,097 $ 247,107 $ (1,079) Non-investment grade 42,370 38,348 18,381 1,418 100,517 1,542 Total $ 135,104 $ 132,696 $ 67,309 $ 12,515 $ 347,624 $ 463 Index and basket credit default swaps(2): Investment grade $ 24,110 $ 39,948 $ 42,887 $ 4,060 $ 111,005 $ (1,222) Non-investment grade 51,914 28,315 13,761 14,671 108,661 1,155 Total $ 76,024 $ 68,263 $ 56,648 $ 18,731 $ 219,666 $ (67) Total credit default swaps sold $ 211,128 $ 200,959 $ 123,957 $ 31,246 $ 567,290 $ 396 Other credit contracts 43 25 — 276 344 (17) Total credit derivatives and other credit contracts $ 211,171 $ 200,984 $ 123,957 $ 31,522 $ 567,634 $ 379 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(2): 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(2): 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. (2) In order to provide an indication of the current payment status or performance risk of the CDS, a breakdown of CDS based on the Firm’s internal credit ratings by investment grade and non-investment grade is provided. Internal credit ratings serve as the Credit Risk Management Department’s assessment of credit risk, and the basis for a comprehensive credit limits framework used to c ontrol credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor. Internal ratings procedures, methodologies, and models are all independently and formally governed, and models and methodolo gies are reviewed by a separate model risk management oversight function. Purchased Credit Protection with Identical Underlying Reference Obligations For single name and non-tranched index and basket credit default swaps, the Firm has purchased protection with a not ional amount of approximately $ 480.1 billion and $ 577.7 billion at June 30, 2016 and December 31, 2015 , respectively, compared with a not ional amount of approximately $ 521.9 billion and $ 619.5 billion (included in the previous tables) at June 30, 2016 and December 31, 2015 , respectively, of credit protection sold with identical un derlying reference obligations. For further information on credit derivatives and other credit contracts, see Note 4 to the consolidated financial statements in the 2015 Form 10-K .

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2016
Investment securities
Investment Securities	5. Investment Securities The following tables present information about the Firm ’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 AOCI. AFS and HTM Securities At June 30, 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 $ 29,923 $ 213 $ 8 $ 30,128 U.S. agency securities(1) 23,221 208 22 23,407 Total U.S. government and agency securities 53,144 421 30 53,535 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,139 5 31 2,113 Non-agency 2,159 36 10 2,185 Auto loan asset-backed securities 2,071 7 — 2,078 Corporate bonds 4,009 66 2 4,073 Collateralized loan obligations 502 — 7 495 FFELP student loan asset-backed securities(2) 3,345 — 105 3,240 Total corporate and other debt 14,225 114 155 14,184 Total AFS debt securities 67,369 535 185 67,719 AFS equity securities 15 — 8 7 Total AFS securities 67,384 535 193 67,726 HTM securities: U.S. government securities: U.S. Treasury securities 3,705 53 — 3,758 U.S. agency securities(1) 8,713 96 — 8,809 Total HTM securities 12,418 149 — 12,567 Total Investment securities $ 79,802 $ 684 $ 193 $ 80,293 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 June 30, 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 $ 3,028 $ 8 $ — $ — $ 3,028 $ 8 U.S. agency securities 5,731 10 1,225 12 6,956 22 Total U.S. government and agency securities 8,759 18 1,225 12 9,984 30 Corporate and other debt: Commercial mortgage-backed securities: Agency 31 — 1,181 31 1,212 31 Non-agency 216 — 625 10 841 10 Auto loan asset-backed securities 83 — 204 — 287 — Corporate bonds 172 1 175 1 347 2 Collateralized loan obligations — — 494 7 494 7 FFELP student loan asset-backed securities 583 12 2,637 93 3,220 105 Total corporate and other debt 1,085 13 5,316 142 6,401 155 Total AFS debt securities 9,844 31 6,541 154 16,385 185 AFS equity securities 7 8 — — 7 8 Total AFS securities 9,851 39 6,541 154 16,392 193 HTM securities: U.S. government and agency securities: U.S. agency securities 72 — — — 72 — Total HTM securities 72 — — — 72 — Total Investment securities $ 9,923 $ 39 $ 6,541 $ 154 $ 16,464 $ 193 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 Firm’s ongoing assessment of temporary versus other-than-temporarily impaired at the individual security level. The Firm believes there are no securities in an unrealized loss position that are other-than-temporarily-impaired at June 30, 2016 and December 31, 2015 for the reasons discussed herein. F or AFS debt securities, the Firm does not intend to sell the securities 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 previous table are primarily due to higher interest rates since those securities were purchased. Additionally, the Firm does not expect to experience a credit loss based on consideration of the relevant informatio n (as discussed in Note 2 to the consolidated financial statements 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 los s on securities in an unrealized loss position is considered minimal because all of the Firm’s agency securities as well as asset-backed securities (“ABS”), commercial mortgage-backed securities (“CMBS”) and collateralized loan obligations (“CLOs”) are hig hly rated and because corporate bonds are all investment grade. For AFS equity securities, the Firm has the intent and ability to hold these securities for a period of time sufficient to allow for any anticipated recovery in market value. See Note 12 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 . Amortized Cost, Fair Value and Annualized Average Yield of Investment Securities by Contractual Maturity Dates At June 30, 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 $ 2,698 $ 2,702 0.7% After 1 year through 5 years 22,137 22,317 1.0% After 5 years through 10 years 5,088 5,109 1.4% Total 29,923 30,128 U.S. agency securities: Due within 1 year 200 200 0.7% After 1 year through 5 years 2,629 2,632 0.5% After 5 years through 10 years 1,327 1,357 1.9% After 10 years 19,065 19,218 1.6% Total 23,221 23,407 Total U.S. government and agency securities 53,144 53,535 1.2% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 73 74 0.8% After 1 year through 5 years 404 406 1.0% After 5 years through 10 years 639 641 1.3% After 10 years 1,023 992 1.6% Total 2,139 2,113 Non-agency: After 10 years 2,159 2,185 1.9% Total 2,159 2,185 Auto loan asset-backed securities: Due within 1 year 4 4 0.9% After 1 year through 5 years 1,902 1,909 1.3% After 5 years through 10 years 165 165 1.6% Total 2,071 2,078 Corporate bonds: Due within 1 year 638 640 1.3% After 1 year through 5 years 2,655 2,695 1.8% After 5 years through 10 years 716 738 2.6% Total 4,009 4,073 Collateralized loan obligations: After 5 years through 10 years 502 495 1.5% Total 502 495 FFELP student loan asset-backed securities: After 1 year through 5 years 59 59 0.6% After 5 years through 10 years 922 897 0.9% After 10 years 2,364 2,284 0.9% Total 3,345 3,240 Total corporate and other debt 14,225 14,184 1.5% Total AFS debt securities 67,369 67,719 1.3% AFS equity securities 15 7 ― % Total AFS securities 67,384 67,726 1.3% HTM securities: U.S. government securities: U.S. Treasury securities: Due within 1 year 200 201 0.7% After 1 year through 5 years 1,408 1,422 1.1% After 5 years through 10 years 1,693 1,719 1.7% After 10 years 404 416 2.5% Total 3,705 3,758 U.S. agency securities: After 10 years 8,713 8,809 2.0% Total 8,713 8,809 Total HTM securities 12,418 12,567 1.8% Total Investment securities $ 79,802 $ 80,293 1.4% Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Gross realized gains $ 71 $ 40 $ 85 $ 69 Gross realized (losses) (1) (10) (3) (14) Total $ 70 $ 30 $ 82 $ 55 Gross realized gains and losses are recognized in Other revenues in the consolidated statements of income.

Collateralized Transactions

Collateralized Transactions	6 Months Ended
	Jun. 30, 2016
Collateralized Transactions
Collateralized Transactions	6. Collateralized Transactions The Firm 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 Firm’s collateralized transactions, see Note 6 to the consolidated financial statements in the 2015 Form 10-K. Offsetting of Certain Collateralized Transactions At June 30, 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 $ 162,813 $ (65,224) $ 97,589 $ (91,746) $ 5,843 Securities borrowed 138,436 (7,155) 131,281 (124,773) 6,508 Liabilities Securities sold under agreements to repurchase $ 115,552 $ (65,224) $ 50,328 $ (42,541) $ 7,787 Securities loaned 24,396 (7,155) 17,241 (16,724) 517 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 transactions which are either not subject to master netting agreements or are subject to such agreements but the Firm has not determined the agreements to be legally enforceable as follows: $ 5.5 billion of Securities purchased under agreements to resell, $ 3.7 billion of Securities borrowed, $ 7.2 billion of Securities sold under agreements to repurchase and $ 0.4 billion of Securities loaned at June 30, 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 a t December 31, 2015 . (2) Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. For information related to offsetting of derivatives, see Note 4. Secured Financing Transactions—Maturities and Collateral Pledged Gross Secured Financing Balances by Remaining Contractual Maturity At June 30, 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) $ 38,732 $ 30,586 $ 20,309 $ 25,925 $ 115,552 Securities loaned(1) 13,085 50 1,336 9,925 24,396 Gross amount of secured financing included in the offsetting disclosure $ 51,817 $ 30,636 $ 21,645 $ 35,850 $ 139,948 Obligation to return securities received as collateral 18,738 — — — 18,738 Total $ 70,555 $ 30,636 $ 21,645 $ 35,850 $ 158,686 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 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 consolidated balance sheets . Gross Secured Financing Balances by Class of Collateral Pledged At June 30, 2016 At December 31, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 39,920 $ 36,609 State and municipal securities 2,104 173 Other sovereign government obligations 42,329 24,820 Asset-backed securities 745 441 Corporate and other debt 8,638 4,020 Corporate equities 21,515 18,473 Other 301 213 Total securities sold under agreements to repurchase $ 115,552 $ 84,749 Securities loaned(1) U.S. government and agency securities $ 182 $ — Other sovereign government obligations 7,454 7,336 Corporate and other debt 123 71 Corporate equities 16,602 16,972 Other 35 8 Total securities loaned $ 24,396 $ 24,387 Gross amount of secured financing included in the offsetting disclosure $ 139,948 $ 109,136 Obligation to return securities received as collateral Corporate and other debt — 3 Corporate equities 18,737 19,313 Other 1 — Total obligation to return securities received as collateral $ 18,738 $ 19,316 Total $ 158,686 $ 128,452 _____________ (1) Amo unts are presented on a gross basis, prior to netting in the consolidated balance sheets . Trading Assets Pledged The Firm 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 consolidated balance sheets . At June 30, 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 rig ht to sell or repledge the collateral, were $ 41.1 billion and $ 35.0 billion, respectively. Collateral Received The Firm receives collateral in the form of securities in connection with reverse repurchase agreements, s ecurities borrowed and derivative transactions, customer margin loans and securities-based lending. In many cases, the Firm is permitted to sell or repledge these securities held as collateral and use the securities to secure repurchase agreements, to ente r into securities lending and derivative transactions or for delivery to counterparties to cover short positions. The Firm additionally receives securities as collateral in connection with certain securities-for-securities transactions in which it is the l ender. In instances where the Firm is permitted to sell or repledge these securities, it reports the fair value of the collateral received and the related obligation to return the collateral included in Trading assets and Trading liabilities, respectively, in its consolidated balance sheet s . At June 30, 2016 and December 31, 2015 , the total fair value of financial instruments received as collateral where the Firm is permitted to sell or repledge the securities was $ 528.0 billion and $ 522.6 billion, respectively, and the fair value of the portion that had been sold or repledged was $ 407.0 billion and $ 398.1 billion, respectively. Other The Firm also engages in margin lending to clients that allows the client to borrow against the value of qualifyin g securities and is included within Customer and other receivables in the consolidated balance sheet s . Under these agreements and transactions, the Firm receives collateral, including U.S. government and agency securities, other sovereign government obligat ions, corporate and other debt, and corporate equities. Customer receivables generated from margin lending activities are collateralized by customer-owned securities held by the Firm. The Firm monitors required margin levels and established credit terms da ily and, pursuant to such guidelines, requires customers to deposit additional collateral, or reduce positions, when necessary. At June 30, 2016 and December 31, 2015 , the amounts related to margin lending were approximately $ 23.2 billion and $ 25.3 billion, respectively. For a further discussion of the Firm’s margin lending activities, see Note 6 to the consolidated financial statements in the 2015 Form 10-K. The Firm 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 June 30, 2016 At December 31, 2015 (dollars in millions) Securities(1) $ 23,710 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 32,771 31,469 Total $ 56,481 $ 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 consolidated balance sheets .

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 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 Firm’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 consolidated balance sheets . For a further description of these loans, refer to Note 7 to the consolidated financial statements in the 2015 Form 10-K. See Note 3 for further information regarding Loans and lending commitments held at fair value. Loans Held for Investment and Held for Sale At June 30, 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 $ 24,186 $ 14,448 $ 38,634 $ 23,554 $ 11,924 $ 35,478 Consumer loans 23,337 — 23,337 21,528 — 21,528 Residential real estate loans 22,668 84 22,752 20,863 104 20,967 Wholesale real estate loans 7,415 1,350 8,765 6,839 1,172 8,011 Total loans, gross of allowance for loan losses 77,606 15,882 93,488 72,784 13,200 85,984 Allowance for loan losses (323) — (323) (225) — (225) Total loans, net of allowance for loan losses $ 77,283 $ 15,882 $ 93,165 $ 72,559 $ 13,200 $ 85,759 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 8 ,104 million and $ 9 , 789 million at June 30, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 10 ,102 million and $ 83,063 million, respectively, at June 30, 2016 and $ 8,471 million and $ 77,288 million, respectively, at December 31, 2015 . Credit Quality For a further discussion about the Firm’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 June 30, 2016 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 22,183 $ 23,337 $ 22,627 $ 7,191 $ 75,338 Special mention 539 — — 224 763 Substandard 1,308 — 41 — 1,349 Doubtful 156 — — — 156 Loss — — — — — Total loans $ 24,186 $ 23,337 $ 22,668 $ 7,415 $ 77,606 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 Firm 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. Loans by Product Type At June 30, 2016 At December 31, 2015 Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 244 $ — $ 244 $ 39 $ — $ 39 Impaired loans without allowance(1) 338 30 368 89 17 106 Impaired loans unpaid principal balance(2) 593 32 625 130 19 149 Past due 90 days loans and on nonaccrual 1 20 21 1 21 22 At June 30, 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. The impaired loans unpaid principal balance differs from the aggregate amount of impaired loan balances with and witho ut allowance due to various factors, including charge-offs and net deferred loan fees or costs. Loans by Region At June 30, 2016 At December 31, 2015 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 589 $ 23 $ — $ 612 $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 21 — — 21 22 — — 22 Allowance for loan losses 277 43 3 323 183 34 8 225 EMEA—Europe, Middle East and Africa 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) 116 (1) 1 12 128 Other(2) (30) — — — (30) Balance at June 30, 2016 $ 252 $ 4 $ 18 $ 49 $ 323 Allowance for Loan Losses by Impairment Methodology Inherent $ 147 $ 4 $ 18 $ 49 $ 218 Specific 105 — — — 105 Total allowance for loan losses at June 30, 2016 $ 252 $ 4 $ 18 $ 49 $ 323 Loans Evaluated by Impairment Methodology(3) Inherent $ 23,604 $ 23,337 $ 22,638 $ 7,415 $ 76,994 Specific 582 — 30 — 612 Total loans evaluated at June 30, 2016 $ 24,186 $ 23,337 $ 22,668 $ 7,415 $ 77,606 Allowance for Lending Commitments Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments(4) 1 — — 2 3 Other — (1) — — (1) Balance at June 30, 2016 $ 181 $ — $ — $ 6 $ 187 Allowance for Lending Commitments by Impairment Methodology Inherent $ 173 $ — $ — $ 6 $ 179 Specific 8 — — — 8 Total allowance for lending commitments at June 30, 2016 $ 181 $ — $ — $ 6 $ 187 Lending Commitments Evaluated by Impairment Methodology(3) Inherent $ 63,120 $ 5,264 $ 327 $ 496 $ 69,207 Specific 64 — — — 64 Total lending commitments evaluated at June 30, 2016 $ 63,184 $ 5,264 $ 327 $ 496 $ 69,271 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for Loan Losses Balance at December 31, 2014 $ 118 $ 2 $ 8 $ 21 $ 149 Gross charge-offs — — (1) — (1) Gross recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — (1) — — Provision for loan losses(1) 26 — 2 2 30 Other(2) (10) — — — (10) Balance at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Allowance for Loan Losses by Impairment Methodology Inherent $ 130 $ 2 $ 9 $ 23 $ 164 Specific 5 — — — 5 Total allowance for loan losses at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Loans Evaluated by Impairment Methodology(3) Inherent $ 22,479 $ 19,464 $ 18,214 $ 6,388 $ 66,545 Specific 21 — 27 — 48 Total loans evaluated at June 30, 2015 $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 Allowance for Lending Commitments Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments(4) 6 — — 2 8 Balance at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Allowance for Lending Commitments by Impairment Methodology Inherent $ 153 $ — $ — $ 4 $ 157 Specific — — — — — Total allowance for lending commitments at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Lending Commitments Evaluated by Impairment Methodology(3) Inherent $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Specific — — — — — Total lending commitments evaluated at June 30, 2015 $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 _______________ The Firm recorded provisions of $ 16 million and $ 4 million for loan losses for the current quarter and prior year quarter, respectively. Amount includes the impact related to the transfer to loans held for sale and foreign currency translation adjustments. Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments. The Firm recorded a release of $ 13 million and $ 29 million for commitments for the current quarte r and prior year quarter, respectively. Troubled Debt Restructurings At June 30, 2016 and December 31, 2015 , the impaired loans and lending commitments within held for investment include TDRs of $ 137.2 million and $ 44.0 million related to loans and $ 18.7 million and $ 34.8 million related to lending commitments, respectively, within corporate loans. At June 30, 2016 and December 31, 2015 , the Firm recorded an allowance of $ 12.1 million and $ 5.1 million, respectively, against these TDRs. These restructurings typically includ e modifications of interest rates, collateral requirements, other loan covenants, and payment extensions. 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 consolidated balance sheets. These loans are full recourse, generally require periodic payments and have repayment terms ranging from 1 to 12 years. The Firm establishes an allowance for loan amounts it does not consider recoverable, which is recorded in C ompensation and benefits expense. At June 30, 2016 , the Firm had $ 4,877 m illion of employee loans, net of an allowance of approximately $ 100 million. At December 31, 2015 , the Firm had $ 4,923 million of employee loans, net of an allowance of appro ximately $ 108 million.

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2016
Equity Method Investments and Joint Ventures
Equity Method Investments	8. Equity Method Investments Overview The Firm 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 $ 3,235 million and $ 3,144 million at June 30, 2016 and December 31, 2015, respectively, included in Other assets—Other investments in the consolidated balance sheets. Income (loss) from equity method investments was $ (14 ) million and $ 45 million for the current quarter and prior year quarter, respectively and $ 1 million and $ 83 million for the current year period and prior year period, respectively, and is included in Other revenues in the consolidated statements of income. In addition, a loss of $35 million was recognized in the current quarter in conne ction with the sale of solar investments and impairments of the remaining unsold solar investments accounted for under the equity method. Ja panese Securities Joint Venture Included in the equity method investments is t he Firm’s 40% voting interest (“40% interest”) in Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”). Mitsubishi UFJ Financial Group, Inc. (“MUFG”) holds a 60 % voting interest. The Firm accounts for its equity method investment in MUMSS within the Institutional Securities business segment. During the current quarter and prior year quarter , the Firm recorded income from its 40% interest in MUMSS of $ 23 million and $ 71 mi llion, respectively, and income of $ 57 million and $ 140 million in the current year period and prior year period, respectively, within Other revenues in the co nsolidated statements of income . In June 2015, MUMSS paid a dividend of approximately $ 291 milli on, of which the Firm received approximately $ 116 million for its proportionate share of MUMSS.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
Deposits	9. Deposi ts Deposits At June 30, At December 31, 2016(1) 2015(1) (dollars in millions) Savings and demand deposits $ 151,014 $ 153,346 Time deposits(2) 1,679 2,688 Total(3) $ 152,693 $ 156,034 (1) Total deposits subject to the FDIC insurance at June 30, 2016 and December 31, 2015 were $110 billion and $113 billion, respectively. Of the total time deposits subject to the FDIC insurance at June 30, 2016 and December 31, 2015, $20 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) Deposits were primarily held in the U.S. Interest bearing deposits at June 30, 2016 included $ 151,008 million of savings deposits payable upon demand and $ 1,043 million of time deposits maturing in 2016, $ 578 million of time deposits maturing in 2017 and $ 11 million of time deposits maturing in 2018.

Long-Term Borrowings and Other

Long-Term Borrowings and Other Secured Financings	6 Months Ended
	Jun. 30, 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 June 30, 2016 At December 31, 2015 (dollars in millions) Senior debt $ 149,519 $ 140,494 Subordinated debt 11,120 10,404 Junior subordinated debentures 2,853 2,870 Total $ 163,492 $ 153,768 During the current year period and prior year period , the Firm issued notes with a principal amount of approximately $ 20.6 billion and $ 22.9 billion, respectively, and approximately $ 15.9 billion and $ 13.0 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 6.3 years and 6.1 years at June 30, 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 Firm is deemed to be the primary 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 inf ormation on Other secured financings related to VIEs and securitization activities. Components of Other Secured Financings At At June 30, December 31, 2016 2015 (dollars in millions) Secured financings with original maturities greater than one year $ 8,159 $ 7,629 Secured financings with original maturities one year or less 1,444 1,435 Failed sales(1) 298 400 Total $ 9,901 $ 9,464 ___________ (1) For more information on failed sales, see Note 12.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments, Guarantees and Contingencies [Abstract]
Commitments, Guarantees and Contingencies	11. Commitments, Guarantees and Contingencies Commitments The Firm’s commitments are summarized in the following table 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 June 30, 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 $ 125 $ — $ 1 $ 42 $ 168 Investment activities 598 93 16 290 997 Corporate lending commitments(1) 15,625 24,405 47,248 1,501 88,779 Consumer lending commitments 5,255 5 — 4 5,264 Residential real estate lending commitments 52 43 87 236 418 Wholesale real estate lending commitments 127 266 137 69 599 Forward-starting reverse repurchase agreements and securities borrowing agreements(2) 69,990 — — — 69,990 Underwriting commitments 25 — — — 25 Total $ 91,797 $ 24,812 $ 47,489 $ 2,142 $ 166,240 (1) Due to the nature of the Firm’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 3.9 billion. ( 2 ) The Firm 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 June 30, 2016 , $ 59.7 billion settled within three business days. For a further description of these commitments, refer to Note 12 to the consolidated financial statements in the 2015 Form 10-K. The Firm sponsors several non-consolidated investment funds for third-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 Firm’s employees, including its senior officers as well as the Firm’s Board of Directors, may participate on the same terms and conditions as other investors in certain of these funds that the Firm forms primarily for client investment, except that the Firm may waive or lower applicable fees and charges for its employ ees. The Firm has contractual capital commitments, guarantees, lending facilities and counterparty arrangements with respect to these investment funds. Guarantees Obligations Under Guarantee Arrangements at June 30, 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) $ 211,128 $ 200,959 $ 123,957 $ 31,246 $ 567,290 $ 396 $ — Other credit contracts 43 25 — 276 344 (17) — Non-credit derivative contracts(1) 1,087,106 638,791 290,370 540,112 2,556,379 81,420 — Standby letters of credit and other financial guarantees issued(2) 803 1,091 1,250 5,888 9,032 (123) 6,831 Market value guarantees 63 250 96 15 424 2 6 Liquidity facilities 3,001 — — — 3,001 (5) 5,406 Whole loan sales guarantees — — 2 23,396 23,398 9 — Securitization representations and warranties — — — 62,180 62,180 103 — General partner guarantees 35 39 53 308 435 85 — _____________ (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 Firm’s obligations under these arrangements. The Firm has obligations under certain guarantee arrangements, including contracts and indemnification agreements , that contingently require the Firm to make payments to the guaranteed party based on changes in an underlying measure (such as an interest or foreign exchange rate, 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. Al so included as guarantees are contracts that contingently require the Firm to make payments to the guaranteed party based on another entity’s failure to perform under an agreement, as well as indirect guarantees of the indebtedness of others. For more in formation 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 certain investment management funds, as well as the other produc ts in the previous table, please see Note 12 to the consolidated financial statements in the 2015 Form 10-K. Other Guarantees and Indemnities In the normal course of business, the Firm provides guarantees and indemnifications in a variety of transactio ns. These provisions generally are standard contractual terms. Certain of these guarantees and indemnifications related to trust preferred securities, indemnities and exchange/clearinghouse member guarantees are described in Note 12 to the consolidated fin ancial statements in the 2015 Form 10-K. In addition, i n the ordinary course of business, the Firm guarantees the debt and/or certain trading obligations (including obligations associated with derivatives, foreign exchange contracts and the settlement of physical commodities) of certain subsidiaries. These guarantees generally are entity or product specific and are required by investors or trading counterparties. The activities of the Firm’s subsidiaries covered by these guarantees (including any related debt or trading obligations) are included in the consolidated financial statements . Trust Preferred Securities The Firm has established Morgan Stanley Capital Trusts for the limited purpose of issuing trust preferred securities to third parties and le nding such proceeds to the Firm 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 Firm has directly guaranteed the repayment of the t rust 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 Firm’s junior subordinated debentures. Additionally, see Note 20 for further inform ation about subsequent events. 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 Firm has been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with its activities as a global diversified financial services institution. Certain of th e actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. In some cases, the entities that would otherwise be the primary defendants in such cases are bankrupt o r are in financial distress. These actions have included, but are not limited to, residential mortgage and credit crisis related matters. Over the last several years, the level of litigation and investigatory activity (both formal and informal) by governme ntal and self-regulatory agencies has increased materially in the financial services industry. As a result, the Firm expects that it may become the subject of increased claims for damages and other relief and, while the Firm has identified below any indivi dual proceedings where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or are not yet determined to be pro bable or possible and reasonably estimable losses. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the consolidated financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. The Firm’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 Firm. In many proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possi ble 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 Firm cannot reasonably estimate such losses, particularly for proceedings and investigations where the factual record is being developed or c ontested or where plaintiffs or governmental entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, determination of issues related to class certification and the calculation of damages or other relief, and by addressing novel or unsettled legal questions relevant to the proceedings or investigations in question, before a loss or additi onal loss or range of loss or additional range of loss can be reasonably estimated for a proceeding or investigation. For certain other legal proceedings and investigations, the Firm 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 Firm’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 Firm, styled China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al ., which is pending in the Supreme Court of the State of New York, New York County (“Supreme Court of NY”). The complaint relates to a $275 million credit default swap referencing the super senior portion of the STACK 2006-1 CDO. The complaint asserts claims for common law fraud, fraudulent inducement and fraudulent concealment and alleges that the Firm misrepresented the risks of the STACK 2006-1 CDO to CDIB, and that the Firm 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 million that CDIB alleges it has already lost under the credit default swap, rescission of CDIB’s obligation to pay an additional $12 million, puniti ve damages, equitable relief, fees and costs. On February 28, 2011, the court denied the Firm’s motion to dismiss the complaint. Based on currently available information, the Firm believes it could incur a loss in this action of up to approximately $240 mi llion plus pre- and post-judgment interest, fees and costs. On January 25, 2011, the Firm 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 St ates 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 Firm breached certain representations and warranties with respect to an $81 million commercial mortgage loan that was originated and transferred to the trust by the Firm. The complaint seeks, among other things, to have the Firm repurchase the loan and pay additional monetary damages. On June 16, 2014, the court granted the Firm’s supplemental motion for summary judgment, which was appealed by plaintiff. On April 27, 2016, 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 w ith its opinion. Based on currently available information, the Firm 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 Pass-Through Certificates, Series 2006-4SL against the Firm. The matter is styled Morgan Stanley Mortgage Loan Trust 2006-4SL, et al. v. Morgan Stanley Mortgage Capital Inc. and is pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal bal ance 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 in terest. On August 8, 2014, the court granted in part and denied in part the Firm’s motion to dismiss. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $149 million, the total origi nal unpaid balance of the mortgage loans for which the Firm 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 Mortgage Loan Trust 2006-14SL, Mortgage Pass-Through Certificates, Series 2006-14SL, Morgan Stanley Mortgage Loan Trust 2007 -4SL and Mortgage Pass-Through Certificates, Series 2007-4SL against the Firm 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 ., pen ding in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trusts, which had original principal balances of approximately $354 million and $305 million respectively, breached various representations and warranties. The complaint seeks, among other relief, rescission of the mortgage loan purchase agreements underlying the transactions, specific performance and unspecified damages and interest. On August 16, 2013, the court grant ed in part and denied in part the Firm’s motion to dismiss the complaint. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $527 million, the total original unpaid balance of the mo rtgage loans for which the Firm 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 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 Firm 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 filed an amended complaint on January 17, 2013, which asserts claims for breach of contract and alleges, among other things, that the loan s 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 damag es and interest. By order dated September 30, 2014, the court granted in part and denied in part the Firm’s motion to 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 Firm believes that it could incur a loss in this action of up to approximately $170 million, the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands that it did not repurc hase, 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 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 Firm 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 claims for breach of contract and alleges, among other things, that t he loans in the trust, which had an original principal balance of approximately $300 million, breached various representations and warranties. The complaint seeks, among other relief, an order requiring the Firm to comply with the loan breach remedy proced ures in the transaction documents, unspecified damages, and interest. On August 8, 2014, the court granted in part and denied in part the Firm’s motion to dismiss the complaint. Based on currently available information, the Firm believes that it could incu r a loss in this action of up to approximately $197 million, the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands that it did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaint iff 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 Firm, certain affili ates, and other defendants in the Supreme Court of NY. The complaint alleges that defendants made material misrepresentations and omissions in the sale to plaintiffs of certain mortgage pass-through certificates backed by securitization trusts containing r esidential mortgage loans. The total amount of certificates allegedly sponsored, underwritten and/or sold by the Firm to plaintiff currently at issue in this action was approximately $644 million. The complaint alleges causes of action against the Firm for common law fraud, fraudulent concealment, aiding and abetting fraud, negligent misrepresentation, and rescission and seeks, among other things, compensatory and punitive damages. On June 10, 2014, the court granted in part and denied in part the Firm’s mo tion to dismiss the complaint. The Firm perfected its appeal from that decision on June 12, 2015. At June 25, 2016, the current unpaid balance of the mortgage pass-through certificates at issue in this action was approximately $258 million, and the certifi cates had incurred actual losses of approximately $84 million. Based on currently available information, the Firm believes it could incur a loss in this action up to the difference between the $258 million unpaid balance of these certificates (plus any los ses incurred) and their fair market value at the time of a judgment against the Firm, or upon sale, plus pre- and post-judgment interest, fees and costs. The Firm may be entitled to be indemnified for some of these losses. On July 8, 2013, U.S. Bank Nat ional Association, in its capacity as trustee, filed a complaint against the Firm styled U.S. Bank National Association, solely in its capacity as Trustee 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 NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in t he 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 document s, unspecified damages and interest. On August 22, 2013, the Firm 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 Firm 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 Firm 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 December 30, 2013, Wilmington Trust Company, in its capacity as trustee, filed a complaint against the Firm. The matter is styled Wilmington Trust Compan y v. Morgan Stanley Mortgage Capital Holdings LLC et al. and is pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $516 million, breached various representations and warranties. The complaint seeks, among other relief, unspecified damages, attorneys’ fees, costs and i nterest. On February 28, 2014, the defendants filed a motion to dismiss the complaint, which was granted in part and denied in part on June 14, 2016. Based on currently available information, the Firm believes that it could incur a loss in this action of u p to approximately $152 million, the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands that it did not repurchase, plus attorney’s fees, costs and interest , 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 National Trust Company, in its capacity as trustee for Morgan Stanley Structured Trust I 2007-1, filed a complaint against the Firm 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 a pproximately $735 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 compensatory and/or rescissory damages, interest and costs. On April 3, 2015, the court granted in part and denied in part the Firm’s motion to dismiss the complaint. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $29 2 million, the total original unpaid balance of the mortgage loans for which the Firm 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 is sue 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 Firm 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 LLC 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 a sserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $1.05 billion, breached various representations and warranties. The complaint seeks, among other rel ief, specific performance of the loan breach remedy procedures in the transaction documents, compensatory, 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 Firm’s motion to dismiss the complaint. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $277 million, the total original unpaid balanc e of the mortgage loans for which the Firm received repurchase demands from a certificate holder and a monoline insurer that the Firm 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	6 Months Ended
	Jun. 30, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Variable Interest Entity Disclosures	12. Variable Interest Entities and Securitization Activities Overview The Firm 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 Firm’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, partnership investments and certain investment management funds. The Firm’s continuing involvement in VIEs that it does not consolidate can include ownership of retained interests in Firm-sponsored transactions, interests purchased in the secondary market (both for Firm-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 in which the Firm has purchased protection in synthetic CDOs). For a further discussion on t he Firm’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 , on January 1, 2016, certain consolidated entities are now considered VIEs and are included in the balances at June 30, 2016. See Note 2 for further information. Consolidated VIEs Assets and Liabilities by Type of Activity At June 30, 2016 At December 31, 2015 VIE Assets VIE Liabilities VIE Assets VIE Liabilities (dollars in millions) Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 924 240 787 13 Asset-backed securitizations(1) 319 191 668 423 Other(2) 931 29 245 — Total $ 3,075 $ 460 $ 2,600 $ 436 _________ The value of assets is determined based on the fair value of the liabilities of and the interests owned by the Firm 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 June 30, At December 31, 2016 2015 Assets (dollars in millions) Cash and due from banks $ 62 $ 14 Trading assets, at fair value 1,973 1,842 Customer and other receivables 3 3 Goodwill 18 — Intangible assets 141 — Other assets 878 741 Total assets $ 3,075 $ 2,600 Liabilities Other secured financings, at fair value $ 430 $ 431 Other liabilities and accrued expenses 30 5 Total liabilities $ 460 $ 436 Consolidated VIE assets and liabilities are presented in the previous tables after intercompany eliminations. The assets owned by many consolidated VIEs cannot be removed unilaterally by the Firm and are not generally available to the Firm. The related liabilities issued by many consolidated VIEs are non-recourse to the Firm. In certain other consolidated VIEs, the Firm either has the unilateral right to remove assets or provide additional recourse through derivatives such as total return swaps, guarante es or other forms of involvement. As part of the Institutional Securities business segment’s securitization and related activities, the Firm has provided, or otherwise agreed to be responsible for, representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Firm (see Note 11 ). In general, the Firm ’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE’s net assets recognized in its financial statements, n et of amounts absorbed by third-party variable interest holders. At June 30, 2016 and December 31, 2015 , n oncontrol ling interests in the c onsoli dated financial statements related to consolidated VIEs were $ 257 million and $ 37 mi llion, respectively. The Firm also had additional maximum exposure to losses of approximately $ 76 million and $ 72 million at June 30, 2016 and December 31, 2015 , respectively , primarily related to certain derivatives, c ommitments, guarantees and other forms of involvement . Non- consolidated VIEs T he following tables include all VIEs in which the Firm 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 following tables a re sponsored by unrelated parties; the Firm ’s involvement generally is the result of i ts secondary market-making activities, securities held in its Investment securities portfolio (see Note 5), and certain investments in funds. Non-Consolidated VIE Assets and Liabilities, Maximum and Carrying Value of Exposure to Loss At June 30, 2016 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Firm does not consolidate (unpaid principal balance) $ 115,088 $ 6,825 $ 4,999 $ 4,081 $ 39,281 Maximum exposure to loss: Debt and equity interests $ 12,670 $ 955 $ 31 $ 1,712 $ 4,706 Derivative and other contracts — — 3,001 — 73 Commitments, guarantees and other 612 350 — 363 300 Total maximum exposure to loss $ 13,282 $ 1,305 $ 3,032 $ 2,075 $ 5,079 Carrying value of exposure to loss—Assets: Debt and equity interests $ 12,670 $ 955 $ 3 $ 1,324 $ 4,706 Derivative and other contracts — — 5 — 27 Total carrying value of exposure to loss—Assets $ 12,670 $ 955 $ 8 $ 1,324 $ 4,733 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 31 Commitments, guarantees and other — — — 2 10 Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 2 $ 41 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 Firm 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 June 30, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests (dollars in millions) Residential mortgages $ 3,708 $ 410 $ 13,787 $ 1,012 Commercial mortgages 55,158 2,576 57,313 2,871 U.S. agency collateralized mortgage obligations 20,853 3,766 13,236 2,763 Other consumer or commercial loans 35,369 5,918 42,536 6,715 Total mortgage- and asset-backed securitization assets $ 115,088 $ 12,670 $ 126,872 $ 13,361 The Firm’s maximum exposure to loss often differs from the carrying value of the variable interests held by the Firm. The maximum exposure to loss is dependent on the nature of the Firm’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 Firm has made in the VIEs. Liabilities issued by VIEs generally are non-recourse to the Firm. 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 Firm. The Firm’s maximum exposure to loss does not include the offsetting ben efit of any financial instruments that the Firm may utilize to hedge these risks associated with its variable interests. In addition, the Firm’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 Firm owned additional VIE assets mainly issued by securitization SPEs for which the maximum exposure to loss is less than specific thresholds. These additional assets totaled $ 12.7 billion and $ 12.9 billion at June 30, 2016 and December 31, 2015 , respectively. These assets were either reta ined in connection with transfers of assets by the Firm, 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 June 30, 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 fund s. The Firm’s primary risk exposure is to the securities issued by the SPE owned by the Firm, with the risk highest on the most subordinate class of beneficial interests. These assets generally are included in Trading assets—Corporate and other debt, Tradi ng assets—Investments or AFS securities within its Investment securities portfolio and are measured at fair value (see Note 3). The Firm does not provide additional support in these transactions through contractual facilities, such as liquidity faciliti es, guarantees or similar derivatives. The Firm’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 Firm, acting as principal, transferred financial assets with continuing involvement and received sales treatment are shown herein. At June 30, 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) $ 21,239 $ 51,025 $ 11,116 $ 11,668 Retained interests (fair value): Investment grade $ — $ 43 $ 755 $ — Non-investment grade 54 64 — 974 Total retained interests (fair value) $ 54 $ 107 $ 755 $ 974 Interests purchased in the secondary market (fair value): Investment grade $ — $ 32 $ 142 $ — Non-investment grade 53 47 — — Total interests purchased in the secondary market (fair value) $ 53 $ 79 $ 142 $ — Derivative assets (fair value) $ — $ 291 $ — $ 206 Derivative liabilities (fair value) — — — 449 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 June 30, 2016 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 798 $ — $ 798 Non-investment grade — 15 1,077 1,092 Total retained interests (fair value) $ — $ 813 $ 1,077 $ 1,890 Interests purchased in the secondary market (fair value): Investment grade $ — $ 174 $ — $ 174 Non-investment grade — 85 15 100 Total interests purchased in the secondary market (fair value) $ — $ 259 $ 15 $ 274 Derivative assets (fair value) $ — $ 482 $ 15 $ 497 Derivative liabilities (fair value) — 102 347 449 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 consolidated statements of income. The Firm 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 Firm may retain interests in the securitized financial assets as one or more tranches of the securitization. These retained int erests are included in the consolidated balance sheets at fair value. Any changes in the fair value of such retained interests are recognized in the consolidated statements of income. Proceeds from New Securitization Transactions and Retained Interests in Securitization Transactions Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Proceeds received from new securitization transactions $ 4,163 $ 6,273 $ 6,876 $ 11,164 Proceeds from retained interests in securitization transactions 502 658 1,133 1,606 Net gains on sale of assets in securitization transactions at the time of the sale were not material in the current quarter, current year period , prior year quarter and prior year period . The Firm has provided, or otherwise agreed to be responsible for representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Firm (see Note 11 ). Proceeds from Sales to CLO Entities Sponsored by Non-Affiliates Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ — $ 621 $ 31 $ 966 Net gains on sale of corporate loans to CLO transactions at the time of sale were not material in the current quarter, current year period , prior year quarter and prior year period . The Firm 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 t able. At June 30, 2016 At December 31, 2015 (dollars in millions) Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,524 $ 7,878 Fair value of assets sold 9,692 7,935 Fair value of derivative assets recognized in the consolidated balance sheets 218 97 Fair value of derivative liabilities recognized in the consolidated balance sheets 50 40 Failed Sales For transfers that fail to meet the accounting criteria for a sale, the Firm continues to recognize the assets in Trading assets at fair value, and the Firm recognizes the associated liabilities in Other secured financings at fair value in the consolidated balance sheets (see Note 10 ). The assets transferred to unconsolidated VIEs in transactions accounted for as failed sales cannot be removed unilaterally by the Firm and are not generally available to the Firm. The related liabi lities are also non-recourse to the Firm. In certain other failed sale transactions, the Firm has the right to remove assets or provide additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. Carrying Value of Assets and Liabilities Related to Failed Sales At June 30, 2016 At December 31, 2015 Assets Liabilities Assets Liabilities (dollars in millions) Failed sales $ 298 $ 298 $ 400 $ 400

Regulatory Requirements

Regulatory Requirements	6 Months Ended
	Jun. 30, 2016
Regulatory Requirements
Regulatory Requirements	13. Regulatory Requirements Regulatory Capital Framework For a discussion of the Firm’s regulatory capital framework, see Note 14 to the consolidated financial statements in the 2015 Form 10-K. Risk-Based Capital R equirement The Firm is required to maintain minimum risk-based and leverage capital ratios under the regulatory capital requirements. The Firm’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 operational risk RWAs (the “Advanced Approach”). In a ddition to the minimum risk-based capital ratio requirements, on a fully phased-in basis by 2019, the Firm will be subject to: A greater than 2.5% Common Equity Tier 1 capital conservation buffer; The Common Equity Tier 1 global systemically important bank (“G-SIB”) capital surcharge, currently at 3%; and Up to a 2.5% Common Equity Tier 1 countercyclical capital buffer, currently set by banking regulators at zero (collectively, the “buffers”). In 2016, the phase-in amount for each of the buffers is 25% o f the fully phased-in buffer requirement. Failure to maintain the buffers will result in restrictions on the Firm’s ability to make capital distributions, including the payment of dividends and the repurchase of stock, and to pay discretionary bonuses to e xecutive officers. The methods for calculating each of the Firm’s risk-based capital ratios will change through January 1, 2022 as aspects of the capital rules are phased in. These changes may result in differences in the Firm’s reported capital ratios from one reporting period to the next that are independent of changes to its capital base, asset composition, off-balance sheet exposures or risk profile. For a further discussion of the Firm’s calculation of risk-based capital ratios, see Note 14 to the consolidated financial statements in the 2015 Form 10-K. The Firm’s Regulatory Capital and Capital Ratios At June 30, 2016 and December 31, 2015 , the Firm’s binding ratios are based on the Advanced Approach transitional rules. Regulatory Capital Measures and Minimum Regulatory Capital Ratios At June 30, 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 $ 59,796 16.8% 5.9% $ 59,409 15.5% 4.5% Tier 1 capital 66,782 18.8% 7.4% 66,722 17.4% 6.0% Total capital 79,830 22.4% 9.4% 79,403 20.7% 8.0% Tier 1 leverage(2) — 8.3% 4.0% — 8.3% 4.0% Assets: Total RWAs $ 355,982 N/A N/A $ 384,162 N/A N/A Adjusted average assets(3) 804,511 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. (2) Tier 1 leverage ratios are calculated under Standardized Approach transitional rules. (3) Adjusted average assets represent the denominator 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 Firm. Failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the Firm’s U .S. Bank Subsidiaries ’ financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, each of the Firm’s U.S. Bank Subsidiaries 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 June 30, 2016 and December 31, 2015 , the Firm’s U.S. Bank Subsidiaries’ binding ratios are based on the Standardized Approach t ransitional rules. U.S. Bank Subsidiaries’ Regulatory Capital Measures and Required Capital Ratios Morgan Stanley Bank, N.A. At June 30, 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 $ 14,523 16.8% 6.5% $ 13,333 15.1% 6.5% Tier 1 capital 14,523 16.8% 8.0% 13,333 15.1% 8.0% Total capital 16,321 18.9% 10.0% 15,097 17.1% 10.0% Tier 1 leverage 14,523 10.9% 5.0% 13,333 10.2% 5.0% Morgan Stanley Private Bank, National Association At June 30, 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 $ 5,153 28.0% 6.5% $ 4,197 26.5% 6.5% Tier 1 capital 5,153 28.0% 8.0% 4,197 26.5% 8.0% Total capital 5,186 28.2% 10.0% 4,225 26.7% 10.0% Tier 1 leverage 5,153 11.4% 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 adopted by the U.S. federal banking agencies, U.S. depository institutions, in order to be considered well-capitalized, must maintain certain minimum capital ratios. Each U.S. depository institution subsidiary of the Firm must be well-capitalized in order for the Firm to continue to qualify as a financial holding company and to continue to engage in the broadest range of financial activities permitted for financial holding companies. At June 30, 2016 and December 31, 2015 , the Firm’s U.S. Bank 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 re gulators. Broker-Dealer Regulatory 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. Secu rities 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 $ 10,353 million and $ 10,254 mill ion at June 30, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 8,397 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 with 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 June 30, 2016 and Decembe r 31, 2015 , MS&Co. had tentative net capital in excess of the minimum and the notification requirements. Morgan Stanley Smith Barney LLC (“MSSB LLC”) is a registered broker- dealer and introducing broker for the futures business and, accordingly, is su bject 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 $ 3,752 million and $ 3,613 million at June 30, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 3,595 million and $ 3,459 million, respectively. Morgan Stanley & Co. International plc (“MSIP”), a London-based broker-dealer subsidiary, is subject to the capital requireme nts of the Prudential Regulation Authority, and Morgan Stanley MUFG Securities Co., Ltd. (“MSMS”), a Tokyo-based broker-dealer subsidiary, is subject to the capital requirements of the Financial Services Agency. MSIP and MSMS have consistently operated wit h capital in excess of their respective regulatory capital requirements. Other Regulated Subsidiaries Certain other U.S. and non-U.S. subsidiaries of the Firm are subject to various securities, commodities and banking regulations, and capital adequa cy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries have consistently operated with capital in excess of their local capital adequacy requirements.

Total Equity

Total Equity	6 Months Ended
	Jun. 30, 2016
Redeemable Noncontrolling Interests and Total Equity
Total Equity	14. Total Equi ty Dividends and Share Repurchases The Firm repurchased approximately $ 625 million of our outstanding common stock as part of our share repurchase program during the current quarter and $ 1,250 million during the current year period. The Firm repurchased approximately $ 625 million during the prior year quarter and $ 875 million in the prior year period. For a description of the 2015 capital plan, see Note 15 to the consolidated financial statements in the 2015 Form 10-K. In June 2016, the Firm received a conditional non- objection from the Federal Reserve to its 2016 capital plan. The capital plan included a share repurchase of up to $ 3.5 billion of the Firm’s outstanding common stock during the period beginning July 1, 2016 through June 30, 2017. Addition ally, the capital plan included an increase in the quarterly common stock dividend to $0.20 per share from $0.15 per share during the period beginning with the dividend declared on July 20, 2016 (see Note 20). The Federal Reserve Board also asked the Firm to submit an additional capital plan by December 29, 2016 addressing weaknesses identified in the Firm’s capital planning process. Preferred Stock For a description of Series A through Series J preferred stock issuances, see Note 15 to the consolidated f inancial statements in the 2015 Form 10-K. D ividends declared on the Firm’s outstanding preferred stock were $ 156 million during the current quarter and $141 million during the prior year quarter , and $ 234 million during the current year period and $219 million during the prior year period . On June 15, 2016, the Firm announced that the Board declared a quarterly dividend for pref erred stock shareholders of record on June 30, 2016 that was paid on July 15, 2016 . The Firm is authorized to issue 30 million shares of preferred stock. The preferred stock has a preference over the common stock upon liquidation. The Firm’s preferred stoc k qualifies as Tier 1 capital in accordance with regulatory capital requirements (see Note 13 ) . Preferred Stock Outstanding Shares Carrying Value Outstanding Liquidation At At At June 30, Preference June 30, 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. Accumulated Other Comprehensive Income (Loss ) Changes in AOCI by Component, Net of Tax and Noncontrolling Interests Foreign Currency Translation Adjustments AFS Securities Pensions, Postretirement and Other DVA Total (dollars in millions) Balance at March 31, 2016 $ (831) $ 76 $ (373) $ (110) $ (1,238) Change in OCI before reclassifications 52 188 (5) 143 378 Amounts reclassified from AOCI(2)(3) — (45) — — (45) Net OCI during the period 52 143 (5) 143 333 Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) 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 March 31, 2015 $ (883) $ 127 $ (510) $ — (1,266) Change in OCI before reclassifications 50 (208) (4) — (162) Amounts reclassified from AOCI(3) — (20) 1 — (19) Net OCI during the period 50 (228) (3) — (181) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — (1,447) 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 184 590 (3) 371 1,142 Amounts reclassified from AOCI(2)(3) — (52) (1) (26) (79) Net OCI during the period 184 538 (4) 345 1,063 Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (170) 7 (4) — (167) Amounts reclassified from AOCI(3) — (35) 3 — (32) Net OCI during the period (170) (28) (1) — (199) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — $ (1,447) ___________ 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 Note 2 for further information. A mounts reclassified from AOCI related to realization of DVA are classified within Trading revenues in the consolid ated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (15) million related to DVA in the current year period. See Note 2 for f urther information . Amounts reclassified from AOCI related to realized gains and losses from sales of AFS securities are classified within Other revenues in the consolid ated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (26) million in the current quarter and $ (30) million in the current year period , and $ (11) million in the prior quarter and $ (20) mi llion for the prior year period . Noncontrolling Interests Noncontrolling interests were $ 1,259 million and $ 1,002 million at June 30, 2016 and December 31, 2015 , respectively. The increase in noncontrolling interests was primarily due to the consolidation of certain investment management funds sponsored by the Firm. See Note 2 for further information on the adoption of the accounting update Amendments to the Consolidation Analysis .

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share	15. Earnings per Common Shar e Calculation of Basic and D iluted Earnings per Common Share (“EPS”) Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (in millions, except for per share data) Basic EPS: Income from continuing operations $ 1,650 $ 1,833 $ 2,810 $ 4,301 Income (loss) from discontinued operations (4) (2) (7) (7) Net income 1,646 1,831 2,803 4,294 Net income applicable to noncontrolling interests 64 24 87 93 Net income applicable to Morgan Stanley 1,582 1,807 2,716 4,201 Less: Preferred stock dividends (156) (141) (234) (219) Less: Allocation of (earnings) loss to participating RSUs(1) (1) (1) (1) (3) Earnings applicable to Morgan Stanley common shareholders $ 1,425 $ 1,665 $ 2,481 $ 3,979 Weighted average common shares outstanding 1,866 1,919 1,875 1,922 Earnings per basic common share: Income from continuing operations $ 0.77 $ 0.87 $ 1.33 $ 2.07 Income (loss) from discontinued operations (0.01) — (0.01) — Earnings per basic common share $ 0.76 $ 0.87 $ 1.32 $ 2.07 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,425 $ 1,665 $ 2,481 $ 3,979 Weighted average common shares outstanding 1,866 1,919 1,875 1,922 Effect of dilutive securities: Stock options and RSUs(1) 33 41 32 40 Weighted average common shares outstanding and common stock equivalents 1,899 1,960 1,907 1,962 Earnings per diluted common share: Income from continuing operations $ 0.75 $ 0.85 $ 1.30 $ 2.03 Income (loss) from discontinued operations — — — — Earnings per diluted common share $ 0.75 $ 0.85 $ 1.30 $ 2.03 _____________ (1) Restricted stock units (“RSUs”) that are considered participating securities are treated as a separate class of securities in the computation of basic EPS, and, therefore, such RSUs are not included as incremental shares in the diluted EPS computations . The diluted EPS computations also do not include weighted average antidilutive RSUs and antidilutive stock options of 14 million shares and 12 million shares for the current quarter and prior year quarter, respectively, and 15 million shares a nd 12 million s hares for the current year period and prior year period, respectively.

Interest Income and Interest Ex

Interest Income and Interest Expense	6 Months Ended
	Jun. 30, 2016
Interest Income And Interest Expense
Interest Income And Interest Expense	16. Inter est Income and Interest Expense Interest Income and Interest Expense Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Interest income(1): Trading assets(2) $ 526 $ 555 $ 1,109 $ 1,149 Investment securities 237 238 473 438 Loans 680 529 1,327 1,004 Interest bearing deposits with banks 52 22 105 45 Securities purchased under agreements to resell and Securities borrowed(3) (120) (200) (198) (305) Customer receivables and Other(4) 292 242 598 539 Total interest income $ 1,667 $ 1,386 $ 3,414 $ 2,870 Interest expense(1): Deposits $ 15 $ 17 $ 37 $ 35 Short-term borrowings 7 5 14 9 Long-term borrowings 844 915 1,804 1,841 Securities sold under agreements to repurchase and Securities loaned(5) 259 235 513 543 Customer payables and Other(6) (371) (484) (766) (852) Total interest expense $ 754 $ 688 $ 1,602 $ 1,576 Net interest $ 913 $ 698 $ 1,812 $ 1,294 _____________ (1) Interest income and expense are recorded within the 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) In cludes 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 customers for stock loan transa ctions incurred to cover customers’ short positions.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2016
Employee Benefit Plans
Employee Benefit Plans	17. Employee Benefit Plans The Firm sponsors various retirement plans for the majority of its U.S. and non-U.S. employees. The Firm 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 Postretirement Plans Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Service cost, benefits earned during the period $ 4 $ 5 $ 8 $ 10 Interest cost on projected benefit obligation 39 38 77 77 Expected return on plan assets (30) (29) (60) (59) Net amortization of prior service credit (5) (5) (9) (10) Net amortization of actuarial loss 3 7 6 13 Net periodic benefit expense $ 11 $ 16 $ 22 $ 31

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes
Income Taxes	18. Income Taxes The Firm 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 Firm 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 Firm believes that the resolution of these tax matters w ill not have a material effect i n the consolidated balance sheets , although a resolution could have a material impact i n the consolidated statement s 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 Firm received a notification from the IRS that the Congressional Joint Committee on Taxation approved the final report of an Appeals Office review of matters from tax years 1999-2005 , and the Revenue Agent’s Report reflecting agreed clo sure of the 2006-2008 tax years . The Firm has reserved the right to contest certain items, associated with tax years 1999-2005 , the resolution of which is not expected to have a material impact on the effect ive tax rate or the consolidated financial statements. During 2016, the Firm 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 consolidated financial statements. The Firm has established a liability for unrecognized tax benefits that it believes is adequate in relation to the potential for additional assessments. Once established, the Firm 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 significant changes in the balance of unrecognized tax benefits may occur wi thin the next 12 months related to certain tax authority examinations referred to herein . 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 Firm’s eff ective tax rate over the next 12 months. The Firm’s effective tax rate from continuing operations for the prior year period included a net discrete tax benefit of $ 564 million. This net discrete tax benefit was primarily associated with the repatriation of non-U .S. earnings at a cost lower than originally estimated due to an internal restructuring to simplify the Firm’s legal entity organization in the U.K.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment And Geographic Information	19 . Segment and Geographic Information Segment Information For a discussion about the Firm’s business segments, see Note 21 to the consolidated financial statements in the 2015 Form 10-K. Selected Financial Information Three Months Ended June 30, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 4,496 $ 2,982 $ 581 $ (63) $ 7,996 Interest income 966 920 3 (222) 1,667 Interest expense 884 91 1 (222) 754 Net interest 82 829 2 — 913 Net revenues $ 4,578 $ 3,811 $ 583 $ (63) $ 8,909 Income from continuing operations before income taxes $ 1,506 $ 859 $ 118 $ — $ 2,483 Provision for income taxes 453 343 37 — 833 Income from continuing operations 1,053 516 81 — 1,650 Income (loss) from discontinued operations, net of income taxes (4) — — — (4) Net income 1,049 516 81 — 1,646 Net income applicable to noncontrolling interests 61 — 3 — 64 Net income applicable to Morgan Stanley $ 988 $ 516 $ 78 $ — $ 1,582 Three Months Ended June 30, 2015 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 5,205 $ 3,138 $ 757 $ (55) $ 9,045 Interest income 723 782 — (119) 1,386 Interest expense 756 45 6 (119) 688 Net interest (33) 737 (6) — 698 Net revenues $ 5,172 $ 3,875 $ 751 $ (55) $ 9,743 Income from continuing operations before income taxes $ 1,622 $ 885 $ 220 $ — $ 2,727 Provision for income taxes 511 324 59 — 894 Income from continuing operations 1,111 561 161 — 1,833 Income (loss) from discontinued operations, net of income taxes (2) — — — (2) Net income 1,109 561 161 — 1,831 Net income applicable to noncontrolling interests 22 — 2 — 24 Net income applicable to Morgan Stanley $ 1,087 $ 561 $ 159 $ — $ 1,807 Six Months Ended June 30, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 8,141 $ 5,819 $ 1,059 $ (130) $ 14,889 Interest income 2,019 1,834 4 (443) 3,414 Interest expense 1,868 174 3 (443) 1,602 Net interest 151 1,660 1 — 1,812 Net revenues $ 8,292 $ 7,479 $ 1,060 $ (130) $ 16,701 Income from continuing operations before income taxes $ 2,414 $ 1,645 $ 162 $ — $ 4,221 Provision for income taxes 728 636 47 — 1,411 Income from continuing operations 1,686 1,009 115 — 2,810 Income (loss) from discontinued operations, net of income taxes (7) — — — (7) Net income 1,679 1,009 115 — 2,803 Net income applicable to noncontrolling interests 100 — (13) — 87 Net income applicable to Morgan Stanley $ 1,579 $ 1,009 $ 128 $ — $ 2,716 Six Months Ended June 30, 2015 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 10,751 $ 6,283 $ 1,431 $ (109) $ 18,356 Interest income 1,593 1,519 1 (243) 2,870 Interest expense 1,714 93 12 (243) 1,576 Net interest (121) 1,426 (11) — 1,294 Net revenues $ 10,630 $ 7,709 $ 1,420 $ (109) $ 19,650 Income from continuing operations before income taxes $ 3,435 $ 1,740 $ 407 $ — $ 5,582 Provision for income taxes(4) 517 644 120 — 1,281 Income from continuing operations 2,918 1,096 287 — 4,301 Income (loss) from discontinued operations, net of income taxes (7) — — — (7) Net income 2,911 1,096 287 — 4,294 Net income applicable to noncontrolling interests 74 — 19 — 93 Net income applicable to Morgan Stanley $ 2,837 $ 1,096 $ 268 $ — $ 4,201 (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 current quarter and current year period DVA gains (losses) are recorded within OCI when unrealized and in Trading revenues when realized. In the prior year quarter and prior year period, the realized and unrealized DVA gains (losses) are recorded in Trading revenues. See Notes 2 and 14 for furth er information. (2) In certain management fee arrangements, the Firm is entitled to receive performance-based fees (also referred to as incentive fees and includes carried interest) when the return on assets under management exceeds certain benchmark ret urns 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 Fi rm’s portion of unrealized cumulative amount of performance-based fee revenue (for which the Firm is not obligated to pay compensation) at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 421 million and $ 422 million at June 30, 2016 and December 31, 2015, respectively. See Note 11 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received . (3) The Firm 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. These fee waivers resulted in a reduction of fees of approximately $ 12 million a nd $ 50 million for the current quarter and prior year quarter, respectively, and $ 35 million and $ 100 million for the current year period and prior year period, respectively. (4 ) The Firm’s effective tax rate from continuing operations for the prior yea r period included a net discrete tax benefit of $ 564 million, within Institutional Securities (see Note 18). Total Assets by Business Segment At June 30, At December 31, 2016 2015 (dollars in millions) Institutional Securities $ 641,373 $ 602,714 Wealth Management 182,801 179,708 Investment Management 4,699 5,043 Total(1) $ 828,873 $ 787,465 (1) Corporate assets have been fully allocated to the business segments. Geographic Information For a discussion about the Firm’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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Americas $ 6,538 $ 6,777 $ 12,290 $ 13,707 EMEA 1,312 1,436 2,441 3,198 Asia-Pacific 1,059 1,530 1,970 2,745 Net revenues $ 8,909 $ 9,743 $ 16,701 $ 19,650

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events
Subsequent Events	20 . Subsequent Events The Firm has evaluated subsequent events for adjustment to or disclosure in the consolidated financial statements through the date of this report and has not identified any recordable or disclosable events, not otherwise reported in these consolidated financial statements or the notes thereto, except for the following: Common Stock Dividend On July 20 , 2016, the Firm announced that its Board of Directors declared a quarterly dividend per common share of $0. 20 . The dividend is payable on August 15, 201 6 to common shareholders of record on July 29, 2016. Long-Term Borrowings Subsequent to June 3 0 , 201 6 and through July 29 , 201 6 , long-term borrowings increased by approximately $3.4 billion, net of redemptions. This amount includes the issuance of $ 3.0 billion of senior debt on July 25 , 2016 . Trust Preferred Securities On July 19, 2016, the Firm announced that Morgan Stanley Capital Trust III, Morgan Stanley Capital Trust IV and Morgan Stanley Capital Trust V will redeem all of their issued and outsta nding Capital Securities on August 18, 2016, and that Morgan Stanley Capital Trust VIII will redeem all of its issued and outstanding Capital Securities on August 3, 2016, pursuant to the optional redemption provisions provided in the respective governing documents. In the aggregate, $ 2.8 billion will be redeemed. The Firm will concurrently redeem the related underlying junior subordinated debentures. .

Significant Accounting Polici28

Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2016
Summary of Significant Accounting Policies
Accounting Standard Adopted	Accounting Standards Adopted The Firm adopted the following accounting updates as of January 1, 2016 . Recognition and Measurement of Finan cial Assets and Financial Liabilities. In January 2016, the Financial Accounting Standards Board (the “FASB”) issued an accounting update that changes the requirements for the recognition and measurement of certain financial assets and financial liabilities. The Firm 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 income. Realized DVA amounts will be recycled from A OCI to Trading revenues. DVA amounts from periods prior to adoption remain in Trading revenues as previously reported. A cumula tive 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 effective January 1, 2018 , and are not expected to have a material impact on the 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 adoption on January 1, 2016, increased total assets by $ 131 million, reflecting consolidations of $ 206 million net of deconsolidations of $ 75 million. The consolidations res ulted primarily from certain funds in Investment Management where the Firm 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, instead of as an asset as was p reviously required . This guidance became effective for the Firm beginning January 1, 2016 and did not have a material impact in the consolidated financial statements. The Firm adopted the following accounting updates as of January 1, 2016 , which did not h ave an impact in the 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 Financial 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)	6 Months Ended
	Jun. 30, 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 June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 24,565 $ — $ — $ — $ 24,565 U.S. agency securities 795 22,085 20 — 22,900 Total U.S. government and agency securities 25,360 22,085 20 — 47,465 Other sovereign government obligations 20,942 6,607 2 — 27,551 Corporate and other debt: State and municipal securities — 1,943 10 — 1,953 Residential mortgage-backed securities — 586 216 — 802 Commercial mortgage-backed securities — 961 51 — 1,012 Asset-backed securities — 142 88 — 230 Corporate bonds — 11,751 276 — 12,027 Collateralized debt and loan obligations — 443 109 — 552 Loans and lending commitments(1) — 3,879 5,418 — 9,297 Other debt — 827 528 — 1,355 Total corporate and other debt — 20,532 6,696 — 27,228 Corporate equities(2) 100,018 367 572 — 100,957 Securities received as collateral 10,121 7 — — 10,128 Derivative and other contracts: Interest rate contracts 791 462,243 540 — 463,574 Credit contracts — 16,157 304 — 16,461 Foreign exchange contracts 140 76,264 101 — 76,505 Equity contracts 1,368 40,524 637 — 42,529 Commodity contracts 2,847 8,605 4,057 — 15,509 Other — 16 — — 16 Netting(3) (4,184) (505,871) (2,537) (63,844) (576,436) Total derivative and other contracts 962 97,938 3,102 (63,844) 38,158 Investments(4): Principal investments 21 19 769 — 809 Other 295 559 205 — 1,059 Total investments 316 578 974 — 1,868 Physical commodities — 193 — — 193 Total trading assets(4) 157,719 148,307 11,366 (63,844) 253,548 AFS securities 31,062 36,664 — — 67,726 Securities purchased under agreements to resell — 555 — — 555 Intangible assets — 3 — — 3 Total assets measured at fair value $ 188,781 $ 185,529 $ 11,366 $ (63,844) $ 321,832 Liabilities at Fair Value Deposits $ — $ 65 $ 30 $ — $ 95 Short-term borrowings — 511 — — 511 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 12,983 — — — 12,983 U.S. agency securities 358 111 — — 469 Total U.S. government and agency securities 13,341 111 — — 13,452 Other sovereign government obligations 15,885 2,668 — — 18,553 Corporate and other debt: State and municipal securities — 3 — — 3 Asset-backed securities — 449 — — 449 Corporate bonds — 5,578 6 — 5,584 Other debt — 15 3 — 18 Total corporate and other debt — 6,045 9 — 6,054 Corporate equities(2) 46,440 76 26 — 46,542 Obligation to return securities received as collateral 18,731 7 — — 18,738 Derivative and other contracts: Interest rate contracts 969 436,022 775 — 437,766 Credit contracts — 16,403 1,418 — 17,821 Foreign exchange contracts 82 78,441 102 — 78,625 Equity contracts 1,262 43,177 2,110 — 46,549 Commodity contracts 2,368 7,652 2,759 — 12,779 Other — 91 11 — 102 Netting(3) (4,184) (505,871) (2,537) (43,727) (556,319) Total derivative and other contracts 497 75,915 4,638 (43,727) 37,323 Total trading liabilities 94,894 84,822 4,673 (43,727) 140,662 Securities sold under agreements to repurchase — 549 150 — 699 Other secured financings — 2,480 441 — 2,921 Long-term borrowings 44 35,831 1,929 — 37,804 Total liabilities measured at fair value $ 94,938 $ 124,258 $ 7,223 $ (43,727) $ 182,692 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 Securities received as collateral 11,221 3 1 — 11,225 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) 150,128 128,086 13,010 (55,562) 235,662 AFS securities 34,351 32,408 — — 66,759 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 Obligation to return securities received as collateral 19,312 3 1 — 19,316 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 91,421 71,734 5,773 (40,473) 128,455 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) A t June 30, 2016 , Loans and lending commitments h eld at fair value consisted of $ 7,114 million of corporate loans, $ 1,721 million of res idential real estate loans and $ 462 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 loans and $ 1,447 million of whol esale real estate loans. (2) For trading purposes, the Firm 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 over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Counterparty and Cash Collateral Netting.” For contracts with the same counterparty, counterparty netting among positions classified within the same level is included within that 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 value (“NAV”) per share, which a re not classified in the fair value hierarchy. At June 30, 2016 and December 31, 2015, the fair value of these investments was $ 3,246 million and $ 3,843 million, respectively. For additional disclosure 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 March 31, 2016 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ 8 $ — $ — $ (18) $ — $ — $ 30 $ 20 $ — Other sovereign government obligations 8 — — (3) — — (3) 2 — Corporate and other debt: State and municipal securities 5 1 4 — — — — 10 2 Residential mortgage-backed securities 292 3 — (82) — — 3 216 (5) Commercial mortgage-backed securities 59 (3) 1 (4) — — (2) 51 (5) Asset-backed securities 4 (4) 6 (1) — — 83 88 (4) Corporate bonds 224 17 116 (35) — — (46) 276 17 Collateralized debt and loan obligations 348 18 3 (178) — — (82) 109 18 Loans and lending commitments 6,185 (46) 360 (484) — (596) (1) 5,418 (55) Other debt 527 4 13 (19) — — 3 528 2 Total corporate and other debt 7,644 (10) 503 (803) — (596) (42) 6,696 (30) Corporate equities 430 (63) 273 (82) — — 14 572 (63) Net derivative and other contracts(2): Interest rate contracts 169 (159) 2 — (7) 42 (282) (235) (157) Credit contracts (723) 65 1 — — 93 (550) (1,114) 53 Foreign exchange contracts 126 (58) — — — (94) 25 (1) (47) Equity contracts (1,832) 168 50 — (140) 263 18 (1,473) (106) Commodity contracts 1,200 211 5 — (4) (88) (26) 1,298 130 Other — — — — — — (11) (11) — Total net derivative and other contracts (1,060) 227 58 — (151) 216 (826) (1,536) (127) Investments: Principal investments 743 4 33 (11) — — — 769 6 Other 179 1 25 — — — — 205 1 Total investments 922 5 58 (11) — — — 974 7 Intangible assets 4 — — — — — (4) — — Liabilities at Fair Value Deposits $ 23 $ (1) $ — $ — $ 8 $ — $ (2) $ 30 $ (1) Trading liabilities: Corporate and other debt: Corporate bonds 6 (1) (5) 29 — — (25) 6 (1) Lending commitments 1 1 — — — — — — — Other debt 4 — (1) — — — — 3 — Total corporate and other debt 11 — (6) 29 — — (25) 9 (1) Corporate equities 31 (28) (33) 5 — — (5) 26 — Obligation to return securities received as collateral 1 — (1) — — — — — — Securities sold under agreements to repurchase 151 1 — — — — — 150 1 Other secured financings 454 (14) — — 23 (22) (28) 441 (14) Long-term borrowings 1,798 21 — — 164 (131) 119 1,929 26 Beginning Balance at December 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2016 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2016 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ 1 $ — $ (19) $ — $ — $ 38 $ 20 $ 1 Other sovereign government obligations 4 — — (5) — — 3 2 1 Corporate and other debt: State and municipal securities 19 1 4 (15) — — 1 10 1 Residential mortgage-backed securities 341 (19) 19 (133) — — 8 216 (14) Commercial mortgage-backed securities 72 (10) — (19) — — 8 51 (11) Asset-backed securities 25 (7) 7 (18) — — 81 88 (8) Corporate bonds 267 62 113 (128) — — (38) 276 61 Collateralized debt and loan obligations 430 5 22 (224) — — (124) 109 17 Loans and lending commitments 5,936 (111) 970 (720) — (672) 15 5,418 (121) Other debt 448 (2) 133 (63) — — 12 528 (2) Total corporate and other debt 7,538 (81) 1,268 (1,320) — (672) (37) 6,696 (77) Corporate equities 433 (45) 296 (119) — — 7 572 (64) Securities received as collateral 1 — — (1) — — — — — Net derivative and other contracts(2): Interest rate contracts 260 305 3 — (21) (60) (722) (235) 205 Credit contracts (844) (343) 1 — — 153 (81) (1,114) (360) Foreign exchange contracts 141 (109) — — — (201) 168 (1) (82) Equity contracts (2,031) (321) 71 — (184) 1,121 (129) (1,473) (434) Commodity contracts 1,050 297 7 — (4) (176) 124 1,298 210 Other — — — — — — (11) (11) — Total net derivative and other contracts (1,424) (171) 82 — (209) 837 (651) (1,536) (461) Investments: Principal investments 486 (39) 403 (40) — (41) — 769 (37) Other 221 (17) 1 — — — — 205 (16) Total investments 707 (56) 404 (40) — (41) — 974 (53) Intangible assets 5 — — — — — (5) — — Liabilities at Fair Value Deposits $ 19 $ (2) $ — $ — $ 13 $ — $ (4) $ 30 $ (2) Short-term borrowings 1 — — — — (1) — — — Trading liabilities: Corporate and other debt: Corporate bonds — (5) (7) 10 — — (2) 6 (5) Other debt 4 2 (3) 4 — — — 3 2 Total corporate and other debt 4 (3) (10) 14 — — (2) 9 (3) Corporate equities 17 (3) (22) 18 — — 10 26 (3) Obligation to return securities received as collateral 1 — (1) — — — — — — Securities sold under agreements to repurchase 151 1 — — — — — 150 1 Other secured financings 461 (32) — — 69 (43) (78) 441 (32) Long-term borrowings 1,987 (12) — — 276 (167) (179) 1,929 (6) Beginning Balance at March 31, 2015 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ — $ (3) $ — $ — $ 6 $ 3 $ — Other sovereign government obligations 11 — 5 (1) — — (3) 12 — Corporate and other debt: State and municipal securities — 1 4 (9) — — 11 7 1 Residential mortgage-backed securities 296 2 138 (32) — — (26) 378 2 Commercial mortgage-backed securities 180 (4) 5 (9) — — (88) 84 (5) Asset-backed securities 67 5 11 (64) — — — 19 1 Corporate bonds 424 (4) 228 (150) — (2) (17) 479 (16) Collateralized debt and loan obligations 822 68 300 (439) — (78) (13) 660 (10) Loans and lending commitments 4,789 31 1,615 (351) — (491) (81) 5,512 26 Other debt 486 (1) 130 (51) — — — 564 (1) Total corporate and other debt 7,064 98 2,431 (1,105) — (571) (214) 7,703 (2) Corporate equities 230 38 266 (92) — — 44 486 26 Securities received as collateral 33 — — (30) — — — 3 — Net derivative and other contracts(2): Interest rate contracts (496) 95 4 — (13) 14 160 (236) 135 Credit contracts (984) (24) 4 — (24) 23 16 (989) (29) Foreign exchange contracts 297 57 — — (1) 43 50 446 82 Equity contracts (2,472) (23) 39 — (54) 206 202 (2,102) (161) Commodity contracts 1,345 4 2 — (112) (34) — 1,205 (27) Total net derivative and other contracts (2,310) 109 49 — (204) 252 428 (1,676) — Investments: Principal investments 829 (21) 5 (12) — (205) (15) 581 (21) Other 391 (4) — — — — (87) 300 — Total investments 1,220 (25) 5 (12) — (205) (102) 881 (21) Intangible assets 5 1 — — — — — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 23 $ — $ (21) $ 15 $ — $ — $ (2) $ 15 $ — Other debt 23 — — 10 — (29) — 4 — Total corporate and other debt 46 — (21) 25 — (29) (2) 19 — Corporate equities 50 240 (49) 2 — — 349 112 240 Obligation to return securities received as collateral 33 — (30) — — — — 3 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 133 2 — — 37 — — 168 2 Long-term borrowings 1,738 51 — — 549 (88) 73 2,221 51 Beginning Balance at December 31, 2014 Total Realized and Unrealized Gains (Losses) Purchases (1) Sales Issuances Settlements Net Transfers Ending Balance at June 30, 2015 Unrealized Gains (Losses) for Level 3 Assets/ Liabilities Outstanding at June 30, 2015 (dollars in millions) Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ — $ — $ — $ — $ 3 $ — Other sovereign government obligations 41 1 6 (32) — — (4) 12 1 Corporate and other debt: State and municipal securities — 1 4 — — — 2 7 1 Residential mortgage-backed securities 175 21 163 (51) — — 70 378 12 Commercial mortgage-backed securities 96 (6) 16 (22) — — — 84 (9) Asset-backed securities 76 (4) 11 (29) — — (35) 19 2 Corporate bonds 386 10 213 (126) — (1) (3) 479 9 Collateralized debt and loan obligations 1,152 145 404 (682) — (331) (28) 660 (6) Loans and lending commitments 5,874 35 2,082 (209) — (2,078) (192) 5,512 30 Other debt 285 (8) 12 — — (1) 276 564 6 Total corporate and other debt 8,044 194 2,905 (1,119) — (2,411) 90 7,703 45 Corporate equities 272 64 260 (147) — — 37 486 49 Securities received as collateral — — 3 — — — — 3 — Net derivative and other contracts(2): Interest rate contracts (173) 188 9 — (20) 124 (364) (236) 197 Credit contracts (743) (276) 17 — (54) 31 36 (989) (284) Foreign exchange contracts 151 121 — — (1) 144 31 446 120 Equity contracts (2,165) (73) 69 — (225) 156 136 (2,102) (160) Commodity contracts 1,146 299 3 — (112) (72) (59) 1,205 234 Total net derivative and other contracts (1,784) 259 98 — (412) 383 (220) (1,676) 107 Investments: Principal investments 835 (4) 15 (46) — (205) (14) 581 (26) Other 323 (16) 2 (6) — — (3) 300 (12) Total investments 1,158 (20) 17 (52) — (205) (17) 881 (38) Intangible assets 6 1 — — — (1) — 6 1 Liabilities at Fair Value Trading liabilities: Corporate and other debt: Corporate bonds $ 78 $ (2) $ (12) $ 14 $ — $ — $ (67) $ 15 $ (2) Lending commitments 5 5 — — — — — — 5 Other debt 38 — — 6 — (39) (1) 4 — Total corporate and other debt 121 3 (12) 20 — (39) (68) 19 3 Corporate equities 45 19 (75) 25 — — 136 112 20 Obligation to return securities received as collateral — — — 3 — — — 3 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 (1) Other secured financings 149 (6) — — 37 (24) — 168 2 Long-term borrowings 1,934 65 — — 612 (300) 40 2,221 59 ___________ (1) 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 .
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 June 30, 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 $ 216 Comparable pricing: Comparable bond price / (A) 0 to 79 points 20 points Commercial mortgage-backed securities 51 Comparable pricing: Comparable bond price / (A) 0 to 7 points 1 point Asset-backed securities 88 Comparable pricing: Comparable bond price / (A) 45 to 55 points 46 points Corporate bonds 276 Comparable pricing(3): Comparable bond price / (A) 3 to 135 points 91 points Comparable pricing: EBITDA multiple / (A) 5 to 10 times 7 times Collateralized debt and loan obligations 109 Comparable pricing(3): Comparable bond price / (A) 20 to 95 points 57 points Correlation model: Credit correlation / (B) 29% to 61% 42% Loans and lending commitments 5,418 Corporate loan model: Credit spread / (C) 482 to 898 bps 596 bps Margin loan model(3): Credit spread / (C)(D) 31 to 102 bps 86 bps Volatility skew / (C)(D) 20% to 46% 32% Discount rate / (C)(D) 1% to 8% 3% Expected recovery: Asset coverage / (A) 47% to 99% 90% Option model: Volatility skew / (C) -1% -1% Comparable pricing: Comparable loan price / (A) 43 to 100 points 87 points Discounted cash flow: Implied weighted average cost of capital / (C)(D) 5% to 6% 6% Capitalization rate / (C)(D) 4% to 10% 4% Other debt 528 Comparable pricing: Comparable loan price / (A) 3 to 84 points 66 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% Discounted cash flow: Discount rate / (C) 10% to 13% 12% Corporate equities 572 Comparable pricing: Comparable equity price / (A) 100% 100% Net derivative and other contracts(4): Interest rate contracts (235) Option model(3): Interest rate - Foreign exchange correlation / (A)(D) 25% to 55% 42% / 42% (5) Interest rate volatility skew / (A)(D) 34% to 143% 78% / 77% (5) Interest rate quanto correlation / (A)(D) -8% to 35% 2% / -7% (5) Interest rate curve correlation / (C)(D) 19% to 95% 71% / 76% (5) Interest rate curve / (C)(D) 0% to 1% 1% / 1% (5) Inflation volatility / (A)(D) 0% to 1% 1% / 1% (5) Interest rate - Inflation correlation / (A)(D) -24% to -44% -34% / -33% (5) Foreign exchange volatility skew / (C)(D) 0% to 11% 4% / 6% (5) Comparable pricing: Comparable bond price / (C) 95 to 100 points 96 points Credit contracts (1,114) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points 10 points Comparable bond price / (C)(D) 0 to 85 points 26 points Correlation model(3): Credit correlation / (B) 29% to 92% 49% Foreign exchange contracts(6) (1) Option model: Interest rate - Foreign exchange correlation / (A)(D) 25% to 55% 42% / 42% (5) Interest rate volatility skew / (A)(D) 34% to 143% 78% / 77% (5) Interest rate curve / (A)(D) 0% 0% / 0% (5) Interest rate curve correlation / (C)(D) 19% to 94% 73% / 81% (5) Equity contracts(6) (1,473) Option model: At the money volatility / (A)(D) 6% to 81% 35% Volatility skew / (A)(D) -4% to 0% -1% Equity - Equity correlation / (A)(D) 40% to 98% 79% Equity - Foreign exchange correlation / (C)(D) -70% to -31% -42% Equity - Interest rate correlation / (C)(D) -7% to 50% 19% / 12% (5) Commodity contracts 1,298 Option model: Forward power price / (C)(D) $2 to $95 per $34 per megawatt hour megawatt hour Commodity volatility / (C)(D) 6% to 90% 18% Cross commodity correlation / (C)(D) 5% to 99% 93% Investments: Principal investments 769 Discounted cash flow: Implied weighted average cost of capital / (C)(D) 13% to 16% 15% Exit multiple / (A)(D) 8 to 23 times 9 times Market approach(3): EBITDA multiple / (A)(D) 6 to 25 times 12 times Forward capacity price / (A)(D) $4 to $9 $7 Comparable pricing: Comparable equity price / (A) 43% to 100% 82% Other 205 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 13 times 12 times Comparable pricing(3): Comparable equity price / (A) 100% 100% Liabilities at Fair Value Securities sold under agreements to repurchase 150 Discounted cash flow: Funding spread / (A) 117 to 123 bps 120 bps Other secured financings 441 Option model: Volatility skew / (C) -1% -1% Discounted cash flow(3): Discount rate / (C) 4% 4% Discounted cash flow: Funding spread / (A) 101 to 126 bps 114 bps Long-term borrowings 1,929 Option model(3): At the money volatility / (C)(D) 6% to 48% 29% Volatility skew / (C)(D) -2% to 0% -1% Equity - Equity correlation / (C)(D) 50% to 98% 75% Equity - Foreign exchange correlation / (C)(D) -50% to 11% -25% Option model: Interest rate - credit spread correlation / (A)(D) -52% to 3% -24% / -23% (5) Interest rate - Foreign exchange correlation / (A)(D) 53% 53% / 53% (5) Interest rate - equity correlation / (A)(D) 7% to 44% 26% / 26% (5) Interest rate curve correlation / (C)(D) 40% to 87% 73% / 78% (5) Correlation model: Credit correlation / (B) 33% to 61% 44% 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 points 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, 898 bps would equal 8.98 %. (2) Amounts represent weighted averages except where simple aver ages and the median of the inputs are provided (see footnote 5 below). Weighted averages are calculated by weighting each input by the fair value of the respective financial instruments except for collateralized debt and loan obligations, principal investm ents, 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 adjustments (“CV A”) and funding valuation adjustments (“FVA”) are included in the balance but excluded from the Valuation Technique(s) and Significant Unobservable Input(s) in the previous table. CVA is a Level 3 input when the underlying counterparty credit curve is unob servable. 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, certain equity contracts and certain long-term borrowings may be in a multi-dimensional form, such as a curve or surface, with risk distributed across the structure. Therefore, a simple average and median, together with the range of data inputs, may be more appropriate measurements th an 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 unobservable input in isolation would result in a significantly higher (lower) fair value measurement. (B) Significant changes in credit correlation may result in a significantly higher or lower fair value measurement. Increasing (decreasing) correlation drives a redistributi on 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 (high er) 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 June 30, 2016 At December 31, 2015 Fair Value Commitment Fair Value Commitment (dollars in millions) Private equity funds $ 1,698 $ 395 $ 1,917 $ 538 Real estate funds 1,228 111 1,337 128 Hedge funds 320 4 589 4 Total $ 3,246 $ 510 $ 3,843 $ 670 Fair Value of Non-Redeemable Funds by Projected Distribution At June 30, 2016 Private Equity Real Estate Funds Funds (dollars in millions) Less than 5 years $ 128 $ 94 5-10 years 911 669 Over 10 years 659 465 Total $ 1,698 $ 1,228 Redemption Frequency as Percentage of Hedge Fund Fair Value At June 30, 2016 Hedge Funds(1) Quarterly 55% Every Six Months 20% Greater than Six Months 19% _________ (1) The redemption notice period was primarily three months or greater.
Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election	Interest Gains (Losses) Trading Income Included in Revenues (Expense) Net Revenues (dollars in millions) Three Months Ended June 30, 2016 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Deposits(1) (1) (1) (2) Short-term borrowings(1) (9) ─ (9) Securities sold under agreements to repurchase(1) (3) (3) (6) Long-term borrowings(1) (1,289) (130) (1,419) Six Months Ended June 30, 2016 Securities purchased under agreements to resell $ (1) $ 4 $ 3 Deposits(1) (3) (1) (4) Short-term borrowings(1) 36 ─ 36 Securities sold under agreements to repurchase(1) (12) (5) (17) Long-term borrowings(1) (2,254) (269) (2,523) Three Months Ended June 30, 2015 Securities purchased under agreements to resell $ (2) $ 5 $ 3 Short-term borrowings(2) (2) ─ (2) Securities sold under agreements to repurchase(2) 6 (2) 4 Long-term borrowings(2) 152 (138) 14 Six Months Ended June 30, 2015 Securities purchased under agreements to resell $ (3) $ 5 $ 2 Short-term borrowings(2) (42) ─ (42) Securities sold under agreements to repurchase(2) 4 (3) 1 Long-term borrowings(2) 1,089 (270) 819 G ains (losses) are mainly attributable to changes in foreign currency rates or interest rates or movements in the 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 Financial Liabilities , unrealized DVA gains of $ 225 million and $ 548 million are rec orded within OCI in the consolidated statement s of comprehensive income and not included in this table for the current quarter and current year period, respectively . See Notes 2 and 14 for further information. Gains (losses) recorded in Trading revenues for the prior year quarter and prior year period 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 index for structured notes before the impact of related hedges.
Breakdown of Outstanding Short-term and Long-term Borrowings	Short-Term and Long-Term Borrowings Measured at Fair Value on a Recurring Basis At At June 30, December 31, 2016 2015 Business Unit Responsible (dollars in millions) for Risk Management Equity $ 19,696 $ 17,789 Interest rates 16,728 14,255 Credit and foreign exchange 1,570 2,266 Commodities 321 383 Total $ 38,315 $ 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 Trading Revenues OCI Trading Revenues OCI Trading Revenues OCI Trading Revenues OCI (dollars in millions) Short-term and long-term borrowings(1) $ ─ $ 226 $ 182 $ ─ $ 41 $ 545 $ 307 $ ─ Securities sold under agreements to repurchase(1) ─ (1) ─ ─ ─ 3 ─ ─ Loans and other debt(2) (14) ─ (6) ─ (114) ─ 71 ─ Lending commitments(3) 2 ─ (1) ─ 3 ─ 8 ─ _____________ (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 current quarter and current year period DVA gains (losses) are recorded in OCI when unrealized and in T rading revenues when realized. In the prior year quarter and prior year period , the realized and unrealized DVA gains (losses) are recorded in Trading revenues. Th e cumulative impact of changes in th e Firm’s DVA and the pre-tax amount recognized in AOCI is a gain of $87 million at June 30, 2016 . See Notes 2 and 14 for further information . (2) Loans and other debt instrument-specific credit gains (losses) were determined by excluding t he non-credit components of gains and losses, such as those due to changes 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 At June 30, December 31, 2016 2015 (dollars in millions) Loans and other debt(1) $ 15,046 $ 14,095 Loans 90 or more days past due and/or on nonaccrual status(1) 12,867 11,651 Short-term and long-term borrowings(2) 311 508 _____________ (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) Short-term and long-term borrowings do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in the reference price or index
Fair Value of Loans in Nonaccrual Status	Fair Value of Loans in Nonaccrual Status At At June 30, December 31, 2016 2015 (dollars in millions) Aggregate fair value of loans in nonaccrual status(1) $ 1,717 $ 1,853 _____________ (1) Includes all loans 90 or more days past due in the amount of $ 514 million and $ 885 million at June 30, 2016 and December 31, 2015 , respectively.
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 Total Gains (Losses) Gains (Losses) Carrying for the for Value at Three Months Ended Six Months Ended June 30, June 30, June 30, 2016(1) Level 1 Level 2 Level 3 2016(2) 2016(2) (dollars in millions) Assets: Loans(3) $ 6,700 $ ─ $ 4,276 $ 2,424 $ (34) $ (131) Other assets—Other investments(4) 82 ─ ─ 82 (38) (40) Other assets—Premises, equipment and software costs(5) ─ ─ ─ ─ (22) (27) Total assets $ 6,782 $ ─ $ 4,276 $ 2,506 $ (94) $ (198) Liabilities: Other liabilities and accrued expenses(3) $ 402 $ ─ $ 331 $ 71 $ 13 $ 24 Total liabilities $ 402 $ ─ $ 331 $ 71 $ 13 $ 24 Fair Value by Level Total Total Gains (Losses) Gains (Losses) Carrying for the for the Value at Three Months Ended Six Months Ended June 30, June 30, June 30, 2015(1) Level 1 Level 2 Level 3 2015(2) 2015(2) (dollars in millions) Assets: Loans(3) $ 3,244 $ ─ $ 2,458 $ 786 $ 47 $ 8 Other assets—Other investments(4) ─ ─ ─ ─ ─ (2) Other assets—Premises, equipment and software costs(5) software costs(5) ─ ─ ─ ─ (2) (22) Total assets $ 3,244 $ ─ $ 2,458 $ 786 $ 45 $ (16) Liabilities: Other liabilities and accrued expenses(3) $ 283 $ ─ $ 244 $ 39 $ (45) (48) Total liabilities $ 283 $ ─ $ 244 $ 39 $ (45) (48) ___________________ (1) Carrying values relate only to those assets that had fair value adjustments during the current quarter and prior year quarter. (2) C hanges in the fair value of Loans and losses related to Other assets—Other investments are recorded within Other revenues in the consolidated statement s 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 l ending commitments are r ecorded within Other expenses. (3) 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 sa le were calculated using recently executed transactions; market price quotations; valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and credit default swap spread levels adjusted for any basis difference between cash and derivative instruments; or default recovery analysis where such transactions and quotations are unobservable. (4) Losses related to Other assets— Other investments were determined primarily using discounted cash flow models and methodologies that incorporate multiples of certain comparable companies. (5) 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	The following tables 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 the Firm’s deposit customers. At June 30, 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 $ 27,597 $ 27,597 $ 27,597 $ — $ — Interest bearing deposits with banks 28,536 28,536 28,536 — — Investment securities—HTM securities 12,418 12,567 3,758 8,809 — Securities purchased under agreements to resell 97,034 97,042 — 95,140 1,902 Securities borrowed 131,281 131,282 — 131,156 126 Customer and other receivables(1) 48,910 48,815 — 44,033 4,782 Loans(2) 93,165 94,151 — 25,289 68,862 Other assets—Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 32,771 32,771 32,771 — — Financial Liabilities: Deposits $ 152,598 $ 152,788 $ — $ 152,788 $ — Short-term borrowings 369 369 — 369 — Securities sold under agreements to repurchase 49,629 49,692 — 48,033 1,659 Securities loaned 17,241 17,262 — 17,262 — Other secured financings 6,980 6,991 — 5,596 1,395 Customer and other payables(1) 197,978 197,978 — 197,978 — Long-term borrowings 125,688 127,189 — 127,189 — 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 5,224 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)	6 Months Ended
	Jun. 30, 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	Fair Value, Notional and Offsetting of Derivative Assets and Liabilities Derivative Assets at June 30, 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 $ 3,325 $ 3,798 $ — $ 7,123 $ 34,003 $ 58,245 $ — $ 92,248 Foreign exchange contracts 88 — — 88 2,795 59 — 2,854 Total derivatives designated as accounting hedges 3,413 3,798 — 7,211 36,798 58,304 — 95,102 Derivatives not designated as accounting hedges(1): Interest rate contracts 287,757 168,366 328 456,451 3,940,102 6,615,199 1,636,768 12,192,069 Credit contracts 13,734 2,727 — 16,461 434,478 133,037 — 567,515 Foreign exchange contracts 75,891 386 140 76,417 1,851,368 16,653 21,279 1,889,300 Equity contracts 22,043 — 20,486 42,529 341,039 — 259,453 600,492 Commodity contracts 11,785 — 3,724 15,509 72,700 — 83,156 155,856 Other 16 — — 16 1,135 — — 1,135 Total derivatives not designated as accounting hedges 411,226 171,479 24,678 607,383 6,640,822 6,764,889 2,000,656 15,406,367 Total gross derivatives(2) $ 414,639 $ 175,277 $ 24,678 $ 614,594 $ 6,677,620 $ 6,823,193 $ 2,000,656 $ 15,501,469 Amounts offset: Counterparty netting (321,553) (173,222) (21,214) (515,989) Cash collateral netting (60,352) (95) — (60,447) Total derivative assets at fair value included in Trading assets $ 32,734 $ 1,960 $ 3,464 $ 38,158 Amounts not offset(3): Financial instruments collateral (12,011) — — (12,011) Other cash collateral (23) — — (23) Net exposure $ 20,700 $ 1,960 $ 3,464 $ 26,124 Derivative Liabilities at June 30, 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 $ — $ — $ — $ — $ — $ 32 $ — $ 32 Foreign exchange contracts $ 492 $ 23 $ — $ 515 $ 8,348 $ 689 $ — $ 9,037 Total derivatives designated as . accounting hedges 492 23 — 515 8,348 721 — 9,069 Derivatives not designated as accounting hedges(1): Interest rate contracts 265,270 172,084 412 437,766 3,654,941 6,558,339 760,822 10,974,102 Credit contracts 14,888 2,933 — 17,821 489,656 115,979 — 605,635 Foreign exchange contracts 77,614 414 82 78,110 1,837,572 15,817 10,511 1,863,900 Equity contracts 25,633 — 20,916 46,549 342,625 — 261,986 604,611 Commodity contracts 9,390 — 3,389 12,779 68,095 — 64,896 132,991 Other 102 — — 102 4,817 — — 4,817 Total derivatives not designated as accounting hedges 392,897 175,431 24,799 593,127 6,397,706 6,690,135 1,098,215 14,186,056 Total gross derivatives(2) $ 393,389 $ 175,454 $ 24,799 $ 593,642 $ 6,406,054 $ 6,690,856 $ 1,098,215 $ 14,195,125 Amounts offset: Counterparty netting (321,553) (173,222) (21,214) (515,989) Cash collateral netting (38,378) (1,952) — (40,330) Total derivative liabilities at fair value included in Trading liabilities $ 33,458 $ 280 $ 3,585 $ 37,323 Amounts not offset(3): Financial instruments collateral (11,509) — (514) (12,023) Other cash collateral (10) (41) — (51) Net exposure $ 21,939 $ 239 $ 3,071 $ 25,249 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 _____________ OTC—Over-the-counter (1) Notional amounts include gross notionals related to open long and short futures contracts of $ 1,300.0 billion and $ 372.8 billion, respectively. The unsettled fair value on these futures contracts (excluded from this table) of $ 1,631 million and $ 153 million is included in Customer and other receivables and Customer and other payables, respecti vely, in the consolidated balance sheets. (2) Amounts include transactions which are either not subject to master netting agreements or collateral agreements or are subject to such agreements but the Firm has not determined the agreements to be legally en forceable as follows: $ 4.8 billion of derivative assets and $ 6.3 billion of derivative liabilities at June 30, 2016 , and $ 4.2 billion of derivative assets and $ 5.2 billion of derivative liabilities at December 31, 2015 . (3) Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsettin g accounting 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 this table) of $ 1, 145 million and $ 437 million is included in Customer and other receivables and Customer and other payables, respectively, in the consolidated balance sheets.
Summary of Gains or Losses Reported on Derivative Instruments Designated and Not Designated as Accounting Hedges	Gains (Losses) on Fair Value Hedges Gains (Losses) Recognized in Interest Expense Three Months Ended June 30, Six Months Ended June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Derivatives $ 969 $ (1,899) $ 3,119 $ (1,141) Borrowings (993) 1,861 (3,282) 1,018 Total $ (24) $ (38) $ (163) $ (123) Gains (Losses) on Derivatives Designated as Net Investment Hedges Gains (Losses) Recognized in OCI (effective portion) Three Months Ended June 30, Six Months Ended June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Foreign exchange contracts(1) $ (112) $ (81) $ (336) $ 181 ____________ (1) Losses of $ 19 million and $ 39 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the current quarter and current year period , respectively. Losses of $ 36 million and $ 80 million related to the forward points on the hedging instruments were excluded from hedge effectiveness testing and recognized in Interest income during the prior year quarter and prior year period , respectively. Gains (Losses) Recognized in Trading Revenues Three Months Ended Six Months Ended June 30, June 30, Product Type 2016 2015 2016 2015 (dollars in millions) Interest rate contracts $ 320 $ 355 $ 626 $ 925 Foreign exchange contracts 362 170 599 515 Equity security and index contracts(1) 1,615 1,746 2,945 3,341 Commodity and other contracts(2) 20 140 (124) 816 Credit contracts 429 380 765 719 Subtotal $ 2,746 $ 2,791 $ 4,811 $ 6,316 Debt valuation adjustments(3) — 182 — 307 Total trading revenue $ 2,746 $ 2,973 $ 4,811 $ 6,623 ____________ (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 current quarter and current year period are recorded within OCI in the consolidated statement s of comprehensive income. In the prior year quarter and prior year period , the DVA gains (losses) were recorded within Trading revenues in the consolidated statement s of income. See Notes 2 and 14 for further informatio n.
Summary by Counterparty Credit Rating and Remaining Contract Maturity of the Fair Value of OTC Derivatives in a Gain Position	OTC Derivative Products—Trading Assets Counterparty Credit Rating and Remaining Maturity of OTC Derivative Assets Fair Value at June 30, 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 $ 137 $ 396 $ 1,312 $ 4,360 $ (4,953) $ 1,252 $ 1,175 AA 3,156 1,502 1,814 12,226 (12,717) 5,981 3,771 A 11,078 7,607 5,336 28,058 (38,694) 13,385 7,784 BBB 5,794 4,489 2,622 15,861 (19,993) 8,773 6,808 Non-investment grade 3,923 2,505 996 5,370 (7,514) 5,280 3,122 Total $ 24,088 $ 16,499 $ 12,080 $ 65,875 $ (83,871) $ 34,671 $ 22,660 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 Firm ’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 At June 30, 2016 (dollars in millions) Net derivative liabilities $ 28,999 Collateral posted 24,217 Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade At June 30, 2016(1) (dollars in millions) One-notch downgrade $ 1,075 Two-notch downgrade 1,233 ________ (1) Amounts include $ 1,481 million related to bilateral arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrade s .
Disclosure of Credit Derivatives	Notional and Fair Value of Protection Sold and Protection Purchased through Credit Default Swaps At June 30, 2016 Protection Sold Protection Purchased Notional Fair Value (Asset)/Liability Notional Fair Value (Asset)/Liability (dollars in millions) Single name credit default swaps $ 347,624 $ 463 $ 338,727 $ (453) Index and basket credit default swaps 176,009 726 143,734 (771) Tranched index and basket credit default swaps 43,657 (793) 123,399 2,188 Total $ 567,290 $ 396 $ 605,860 $ 964 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 June 30, 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(2): Investment grade $ 92,734 $ 94,348 $ 48,928 $ 11,097 $ 247,107 $ (1,079) Non-investment grade 42,370 38,348 18,381 1,418 100,517 1,542 Total $ 135,104 $ 132,696 $ 67,309 $ 12,515 $ 347,624 $ 463 Index and basket credit default swaps(2): Investment grade $ 24,110 $ 39,948 $ 42,887 $ 4,060 $ 111,005 $ (1,222) Non-investment grade 51,914 28,315 13,761 14,671 108,661 1,155 Total $ 76,024 $ 68,263 $ 56,648 $ 18,731 $ 219,666 $ (67) Total credit default swaps sold $ 211,128 $ 200,959 $ 123,957 $ 31,246 $ 567,290 $ 396 Other credit contracts 43 25 — 276 344 (17) Total credit derivatives and other credit contracts $ 211,171 $ 200,984 $ 123,957 $ 31,522 $ 567,634 $ 379 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(2): 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(2): 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. (2) In order to provide an indication of the current payment status or performance risk of the CDS, a breakdown of CDS based on the Firm’s internal credit ratings by investment grade and non-investment grade is provided. Internal credit ratings serve as the Credit Risk Management Department’s assessment of credit risk, and the basis for a comprehensive credit limits framework used to c ontrol credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor. Internal ratings procedures, methodologies, and models are all independently and formally governed, and models and methodolo gies are reviewed by a separate model risk management oversight function.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Investment securities
Schedule of Investment Securities	AFS and HTM Securities At June 30, 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 $ 29,923 $ 213 $ 8 $ 30,128 U.S. agency securities(1) 23,221 208 22 23,407 Total U.S. government and agency securities 53,144 421 30 53,535 Corporate and other debt: Commercial mortgage-backed securities: Agency 2,139 5 31 2,113 Non-agency 2,159 36 10 2,185 Auto loan asset-backed securities 2,071 7 — 2,078 Corporate bonds 4,009 66 2 4,073 Collateralized loan obligations 502 — 7 495 FFELP student loan asset-backed securities(2) 3,345 — 105 3,240 Total corporate and other debt 14,225 114 155 14,184 Total AFS debt securities 67,369 535 185 67,719 AFS equity securities 15 — 8 7 Total AFS securities 67,384 535 193 67,726 HTM securities: U.S. government securities: U.S. Treasury securities 3,705 53 — 3,758 U.S. agency securities(1) 8,713 96 — 8,809 Total HTM securities 12,418 149 — 12,567 Total Investment securities $ 79,802 $ 684 $ 193 $ 80,293 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	Investment Securities in an Unrealized Loss Position At June 30, 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 $ 3,028 $ 8 $ — $ — $ 3,028 $ 8 U.S. agency securities 5,731 10 1,225 12 6,956 22 Total U.S. government and agency securities 8,759 18 1,225 12 9,984 30 Corporate and other debt: Commercial mortgage-backed securities: Agency 31 — 1,181 31 1,212 31 Non-agency 216 — 625 10 841 10 Auto loan asset-backed securities 83 — 204 — 287 — Corporate bonds 172 1 175 1 347 2 Collateralized loan obligations — — 494 7 494 7 FFELP student loan asset-backed securities 583 12 2,637 93 3,220 105 Total corporate and other debt 1,085 13 5,316 142 6,401 155 Total AFS debt securities 9,844 31 6,541 154 16,385 185 AFS equity securities 7 8 — — 7 8 Total AFS securities 9,851 39 6,541 154 16,392 193 HTM securities: U.S. government and agency securities: U.S. agency securities 72 — — — 72 — Total HTM securities 72 — — — 72 — Total Investment securities $ 9,923 $ 39 $ 6,541 $ 154 $ 16,464 $ 193 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	Amortized Cost, Fair Value and Annualized Average Yield of Investment Securities by Contractual Maturity Dates At June 30, 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 $ 2,698 $ 2,702 0.7% After 1 year through 5 years 22,137 22,317 1.0% After 5 years through 10 years 5,088 5,109 1.4% Total 29,923 30,128 U.S. agency securities: Due within 1 year 200 200 0.7% After 1 year through 5 years 2,629 2,632 0.5% After 5 years through 10 years 1,327 1,357 1.9% After 10 years 19,065 19,218 1.6% Total 23,221 23,407 Total U.S. government and agency securities 53,144 53,535 1.2% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 73 74 0.8% After 1 year through 5 years 404 406 1.0% After 5 years through 10 years 639 641 1.3% After 10 years 1,023 992 1.6% Total 2,139 2,113 Non-agency: After 10 years 2,159 2,185 1.9% Total 2,159 2,185 Auto loan asset-backed securities: Due within 1 year 4 4 0.9% After 1 year through 5 years 1,902 1,909 1.3% After 5 years through 10 years 165 165 1.6% Total 2,071 2,078 Corporate bonds: Due within 1 year 638 640 1.3% After 1 year through 5 years 2,655 2,695 1.8% After 5 years through 10 years 716 738 2.6% Total 4,009 4,073 Collateralized loan obligations: After 5 years through 10 years 502 495 1.5% Total 502 495 FFELP student loan asset-backed securities: After 1 year through 5 years 59 59 0.6% After 5 years through 10 years 922 897 0.9% After 10 years 2,364 2,284 0.9% Total 3,345 3,240 Total corporate and other debt 14,225 14,184 1.5% Total AFS debt securities 67,369 67,719 1.3% AFS equity securities 15 7 ― % Total AFS securities 67,384 67,726 1.3% HTM securities: U.S. government securities: U.S. Treasury securities: Due within 1 year 200 201 0.7% After 1 year through 5 years 1,408 1,422 1.1% After 5 years through 10 years 1,693 1,719 1.7% After 10 years 404 416 2.5% Total 3,705 3,758 U.S. agency securities: After 10 years 8,713 8,809 2.0% Total 8,713 8,809 Total HTM securities 12,418 12,567 1.8% Total Investment securities $ 79,802 $ 80,293 1.4%
Schedule of Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities	Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Gross realized gains $ 71 $ 40 $ 85 $ 69 Gross realized (losses) (1) (10) (3) (14) Total $ 70 $ 30 $ 82 $ 55

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Collateralized Transactions
Information of Offsetting of Assets and Liabilities	Offsetting of Certain Collateralized Transactions At June 30, 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 $ 162,813 $ (65,224) $ 97,589 $ (91,746) $ 5,843 Securities borrowed 138,436 (7,155) 131,281 (124,773) 6,508 Liabilities Securities sold under agreements to repurchase $ 115,552 $ (65,224) $ 50,328 $ (42,541) $ 7,787 Securities loaned 24,396 (7,155) 17,241 (16,724) 517 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 transactions which are either not subject to master netting agreements or are subject to such agreements but the Firm has not determined the agreements to be legally enforceable as follows: $ 5.5 billion of Securities purchased under agreements to resell, $ 3.7 billion of Securities borrowed, $ 7.2 billion of Securities sold under agreements to repurchase and $ 0.4 billion of Securities loaned at June 30, 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 a t December 31, 2015 . (2) Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule Of SecuritiesF inancing Transactions	Secured Financing Transactions—Maturities and Collateral Pledged Gross Secured Financing Balances by Remaining Contractual Maturity At June 30, 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) $ 38,732 $ 30,586 $ 20,309 $ 25,925 $ 115,552 Securities loaned(1) 13,085 50 1,336 9,925 24,396 Gross amount of secured financing included in the offsetting disclosure $ 51,817 $ 30,636 $ 21,645 $ 35,850 $ 139,948 Obligation to return securities received as collateral 18,738 — — — 18,738 Total $ 70,555 $ 30,636 $ 21,645 $ 35,850 $ 158,686 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 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 consolidated balance sheets . Gross Secured Financing Balances by Class of Collateral Pledged At June 30, 2016 At December 31, 2015 (dollars in millions) Securities sold under agreements to repurchase(1) U.S. government and agency securities $ 39,920 $ 36,609 State and municipal securities 2,104 173 Other sovereign government obligations 42,329 24,820 Asset-backed securities 745 441 Corporate and other debt 8,638 4,020 Corporate equities 21,515 18,473 Other 301 213 Total securities sold under agreements to repurchase $ 115,552 $ 84,749 Securities loaned(1) U.S. government and agency securities $ 182 $ — Other sovereign government obligations 7,454 7,336 Corporate and other debt 123 71 Corporate equities 16,602 16,972 Other 35 8 Total securities loaned $ 24,396 $ 24,387 Gross amount of secured financing included in the offsetting disclosure $ 139,948 $ 109,136 Obligation to return securities received as collateral Corporate and other debt — 3 Corporate equities 18,737 19,313 Other 1 — Total obligation to return securities received as collateral $ 18,738 $ 19,316 Total $ 158,686 $ 128,452 _____________ (1) Amo unts are presented on a gross basis, prior to netting in the consolidated balance sheets .
Schedule of Cash and Securities Segregated under Federal and Other Regulations	Cash and Securities Deposited with Clearing Organizations or Segregated At June 30, 2016 At December 31, 2015 (dollars in millions) Securities(1) $ 23,710 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 32,771 31,469 Total $ 56,481 $ 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 consolidated balance sheets .

Loans and Allowance for Credi33

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 $ 24,186 $ 14,448 $ 38,634 $ 23,554 $ 11,924 $ 35,478 Consumer loans 23,337 — 23,337 21,528 — 21,528 Residential real estate loans 22,668 84 22,752 20,863 104 20,967 Wholesale real estate loans 7,415 1,350 8,765 6,839 1,172 8,011 Total loans, gross of allowance for loan losses 77,606 15,882 93,488 72,784 13,200 85,984 Allowance for loan losses (323) — (323) (225) — (225) Total loans, net of allowance for loan losses $ 77,283 $ 15,882 $ 93,165 $ 72,559 $ 13,200 $ 85,759 ______________ Amounts include loans that are made to non-U.S. borrowers of $ 8 ,104 million and $ 9 , 789 million at June 30, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 10 ,102 million and $ 83,063 million, respectively, at June 30, 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 June 30, 2016 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Pass $ 22,183 $ 23,337 $ 22,627 $ 7,191 $ 75,338 Special mention 539 — — 224 763 Substandard 1,308 — 41 — 1,349 Doubtful 156 — — — 156 Loss — — — — — Total loans $ 24,186 $ 23,337 $ 22,668 $ 7,415 $ 77,606 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	Loans by Product Type At June 30, 2016 At December 31, 2015 Corporate Residential Real Estate Total Corporate Residential Real Estate Total (dollars in millions) Impaired loans with allowance $ 244 $ — $ 244 $ 39 $ — $ 39 Impaired loans without allowance(1) 338 30 368 89 17 106 Impaired loans unpaid principal balance(2) 593 32 625 130 19 149 Past due 90 days loans and on nonaccrual 1 20 21 1 21 22 At June 30, 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. The impaired loans unpaid principal balance differs from the aggregate amount of impaired loan balances with and witho ut allowance due to various factors, including charge-offs and net deferred loan fees or costs. Loans by Region At June 30, 2016 At December 31, 2015 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total (dollars in millions) Impaired loans $ 589 $ 23 $ — $ 612 $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 21 — — 21 22 — — 22 Allowance for loan losses 277 43 3 323 183 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) 116 (1) 1 12 128 Other(2) (30) — — — (30) Balance at June 30, 2016 $ 252 $ 4 $ 18 $ 49 $ 323 Allowance for Loan Losses by Impairment Methodology Inherent $ 147 $ 4 $ 18 $ 49 $ 218 Specific 105 — — — 105 Total allowance for loan losses at June 30, 2016 $ 252 $ 4 $ 18 $ 49 $ 323 Loans Evaluated by Impairment Methodology(3) Inherent $ 23,604 $ 23,337 $ 22,638 $ 7,415 $ 76,994 Specific 582 — 30 — 612 Total loans evaluated at June 30, 2016 $ 24,186 $ 23,337 $ 22,668 $ 7,415 $ 77,606 Allowance for Lending Commitments Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments(4) 1 — — 2 3 Other — (1) — — (1) Balance at June 30, 2016 $ 181 $ — $ — $ 6 $ 187 Allowance for Lending Commitments by Impairment Methodology Inherent $ 173 $ — $ — $ 6 $ 179 Specific 8 — — — 8 Total allowance for lending commitments at June 30, 2016 $ 181 $ — $ — $ 6 $ 187 Lending Commitments Evaluated by Impairment Methodology(3) Inherent $ 63,120 $ 5,264 $ 327 $ 496 $ 69,207 Specific 64 — — — 64 Total lending commitments evaluated at June 30, 2016 $ 63,184 $ 5,264 $ 327 $ 496 $ 69,271 Corporate Consumer Residential Real Estate Wholesale Real Estate Total (dollars in millions) Allowance for Loan Losses Balance at December 31, 2014 $ 118 $ 2 $ 8 $ 21 $ 149 Gross charge-offs — — (1) — (1) Gross recoveries 1 — — — 1 Net recoveries/(charge-offs) 1 — (1) — — Provision for loan losses(1) 26 — 2 2 30 Other(2) (10) — — — (10) Balance at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Allowance for Loan Losses by Impairment Methodology Inherent $ 130 $ 2 $ 9 $ 23 $ 164 Specific 5 — — — 5 Total allowance for loan losses at June 30, 2015 $ 135 $ 2 $ 9 $ 23 $ 169 Loans Evaluated by Impairment Methodology(3) Inherent $ 22,479 $ 19,464 $ 18,214 $ 6,388 $ 66,545 Specific 21 — 27 — 48 Total loans evaluated at June 30, 2015 $ 22,500 $ 19,464 $ 18,241 $ 6,388 $ 66,593 Allowance for Lending Commitments Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments(4) 6 — — 2 8 Balance at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Allowance for Lending Commitments by Impairment Methodology Inherent $ 153 $ — $ — $ 4 $ 157 Specific — — — — — Total allowance for lending commitments at June 30, 2015 $ 153 $ — $ — $ 4 $ 157 Lending Commitments Evaluated by Impairment Methodology(3) Inherent $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 Specific — — — — — Total lending commitments evaluated at June 30, 2015 $ 65,183 $ 4,235 $ 289 $ 623 $ 70,330 _______________ The Firm recorded provisions of $ 16 million and $ 4 million for loan losses for the current quarter and prior year quarter, respectively. Amount includes the impact related to the transfer to loans held for sale and foreign currency translation adjustments. Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments. The Firm recorded a release of $ 13 million and $ 29 million for commitments for the current quarte r and prior year quarter, respectively.

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
Deposits	Deposits At June 30, At December 31, 2016(1) 2015(1) (dollars in millions) Savings and demand deposits $ 151,014 $ 153,346 Time deposits(2) 1,679 2,688 Total(3) $ 152,693 $ 156,034 (1) Total deposits subject to the FDIC insurance at June 30, 2016 and December 31, 2015 were $110 billion and $113 billion, respectively. Of the total time deposits subject to the FDIC insurance at June 30, 2016 and December 31, 2015, $20 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) Deposits were primarily held in the U.S.

Long-Term Borrowings and Othe35

Long-Term Borrowings and Other Secured Financings (Tables)	6 Months Ended
	Jun. 30, 2016
Components of Other Secured Financings
Components of Long-term Borrowings	Components of Long-term Borrowings At June 30, 2016 At December 31, 2015 (dollars in millions) Senior debt $ 149,519 $ 140,494 Subordinated debt 11,120 10,404 Junior subordinated debentures 2,853 2,870 Total $ 163,492 $ 153,768
Other Secured Financings	Components of Other Secured Financings At At June 30, December 31, 2016 2015 (dollars in millions) Secured financings with original maturities greater than one year $ 8,159 $ 7,629 Secured financings with original maturities one year or less 1,444 1,435 Failed sales(1) 298 400 Total $ 9,901 $ 9,464 ___________ (1) For more information on failed sales, see Note 12.

Commitments, Guarantees and C36

Commitments, Guarantees and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments, Guarantees and Contingencies [Abstract]
Commitments by Period of Expiration	Commitments Years to Maturity at June 30, 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 $ 125 $ — $ 1 $ 42 $ 168 Investment activities 598 93 16 290 997 Corporate lending commitments(1) 15,625 24,405 47,248 1,501 88,779 Consumer lending commitments 5,255 5 — 4 5,264 Residential real estate lending commitments 52 43 87 236 418 Wholesale real estate lending commitments 127 266 137 69 599 Forward-starting reverse repurchase agreements and securities borrowing agreements(2) 69,990 — — — 69,990 Underwriting commitments 25 — — — 25 Total $ 91,797 $ 24,812 $ 47,489 $ 2,142 $ 166,240 (1) Due to the nature of the Firm’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 3.9 billion. ( 2 ) The Firm 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 June 30, 2016 , $ 59.7 billion settled within three business days.
Obligations under Guarantee Arrangements	Obligations Under Guarantee Arrangements at June 30, 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) $ 211,128 $ 200,959 $ 123,957 $ 31,246 $ 567,290 $ 396 $ — Other credit contracts 43 25 — 276 344 (17) — Non-credit derivative contracts(1) 1,087,106 638,791 290,370 540,112 2,556,379 81,420 — Standby letters of credit and other financial guarantees issued(2) 803 1,091 1,250 5,888 9,032 (123) 6,831 Market value guarantees 63 250 96 15 424 2 6 Liquidity facilities 3,001 — — — 3,001 (5) 5,406 Whole loan sales guarantees — — 2 23,396 23,398 9 — Securitization representations and warranties — — — 62,180 62,180 103 — General partner guarantees 35 39 53 308 435 85 — (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 Firm’s obligations under these arrangements.

Variable Interest Entities an37

Variable Interest Entities and Securitization Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Consolidated VIEs	Consolidated VIEs Assets and Liabilities by Type of Activity At June 30, 2016 At December 31, 2015 VIE Assets VIE Liabilities VIE Assets VIE Liabilities (dollars in millions) Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 924 240 787 13 Asset-backed securitizations(1) 319 191 668 423 Other(2) 931 29 245 — Total $ 3,075 $ 460 $ 2,600 $ 436 _________ The value of assets is determined based on the fair value of the liabilities of and the interests owned by the Firm 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 June 30, At December 31, 2016 2015 Assets (dollars in millions) Cash and due from banks $ 62 $ 14 Trading assets, at fair value 1,973 1,842 Customer and other receivables 3 3 Goodwill 18 — Intangible assets 141 — Other assets 878 741 Total assets $ 3,075 $ 2,600 Liabilities Other secured financings, at fair value $ 430 $ 431 Other liabilities and accrued expenses 30 5 Total liabilities $ 460 $ 436
Non-Consolidated VIEs	Non-Consolidated VIE Assets and Liabilities, Maximum and Carrying Value of Exposure to Loss At June 30, 2016 Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other (dollars in millions) VIE assets that the Firm does not consolidate (unpaid principal balance) $ 115,088 $ 6,825 $ 4,999 $ 4,081 $ 39,281 Maximum exposure to loss: Debt and equity interests $ 12,670 $ 955 $ 31 $ 1,712 $ 4,706 Derivative and other contracts — — 3,001 — 73 Commitments, guarantees and other 612 350 — 363 300 Total maximum exposure to loss $ 13,282 $ 1,305 $ 3,032 $ 2,075 $ 5,079 Carrying value of exposure to loss—Assets: Debt and equity interests $ 12,670 $ 955 $ 3 $ 1,324 $ 4,706 Derivative and other contracts — — 5 — 27 Total carrying value of exposure to loss—Assets $ 12,670 $ 955 $ 8 $ 1,324 $ 4,733 Carrying value of exposure to loss—Liabilities: Derivative and other contracts $ — $ — $ — $ — $ 31 Commitments, guarantees and other — — — 2 10 Total carrying value of exposure to loss—Liabilities $ — $ — $ — $ 2 $ 41 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 Firm 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 June 30, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests (dollars in millions) Residential mortgages $ 3,708 $ 410 $ 13,787 $ 1,012 Commercial mortgages 55,158 2,576 57,313 2,871 U.S. agency collateralized mortgage obligations 20,853 3,766 13,236 2,763 Other consumer or commercial loans 35,369 5,918 42,536 6,715 Total mortgage- and asset-backed securitization assets $ 115,088 $ 12,670 $ 126,872 $ 13,361
Information Regarding SPEs	At June 30, 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) $ 21,239 $ 51,025 $ 11,116 $ 11,668 Retained interests (fair value): Investment grade $ — $ 43 $ 755 $ — Non-investment grade 54 64 — 974 Total retained interests (fair value) $ 54 $ 107 $ 755 $ 974 Interests purchased in the secondary market (fair value): Investment grade $ — $ 32 $ 142 $ — Non-investment grade 53 47 — — Total interests purchased in the secondary market (fair value) $ 53 $ 79 $ 142 $ — Derivative assets (fair value) $ — $ 291 $ — $ 206 Derivative liabilities (fair value) — — — 449 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 June 30, 2016 Level 1 Level 2 Level 3 Total (dollars in millions) Retained interests (fair value): Investment grade $ — $ 798 $ — $ 798 Non-investment grade — 15 1,077 1,092 Total retained interests (fair value) $ — $ 813 $ 1,077 $ 1,890 Interests purchased in the secondary market (fair value): Investment grade $ — $ 174 $ — $ 174 Non-investment grade — 85 15 100 Total interests purchased in the secondary market (fair value) $ — $ 259 $ 15 $ 274 Derivative assets (fair value) $ — $ 482 $ 15 $ 497 Derivative liabilities (fair value) — 102 347 449 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 from New Securitization Transactions and Retained Interests in Securitization Transactions Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Proceeds received from new securitization transactions $ 4,163 $ 6,273 $ 6,876 $ 11,164 Proceeds from retained interests in securitization transactions 502 658 1,133 1,606 Proceeds from Sales to CLO Entities Sponsored by Non-Affiliates Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Proceeds from sale of corporate loans sold to those SPEs $ — $ 621 $ 31 $ 966
Schedule of exposure of securities enter into bilateral OTC equity derivatives	At June 30, 2016 At December 31, 2015 (dollars in millions) Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,524 $ 7,878 Fair value of assets sold 9,692 7,935 Fair value of derivative assets recognized in the consolidated balance sheets 218 97 Fair value of derivative liabilities recognized in the consolidated balance sheets 50 40
Transfers of Assets Treated as Secured Financings	Carrying Value of Assets and Liabilities Related to Failed Sales At June 30, 2016 At December 31, 2015 Assets Liabilities Assets Liabilities (dollars in millions) Failed sales $ 298 $ 298 $ 400 $ 400

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	6 Months Ended
	Jun. 30, 2016
Regulatory Requirements
Capital Measures	Regulatory Capital Measures and Minimum Regulatory Capital Ratios At June 30, 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 $ 59,796 16.8% 5.9% $ 59,409 15.5% 4.5% Tier 1 capital 66,782 18.8% 7.4% 66,722 17.4% 6.0% Total capital 79,830 22.4% 9.4% 79,403 20.7% 8.0% Tier 1 leverage(2) — 8.3% 4.0% — 8.3% 4.0% Assets: Total RWAs $ 355,982 N/A N/A $ 384,162 N/A N/A Adjusted average assets(3) 804,511 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. (2) Tier 1 leverage ratios are calculated under Standardized Approach transitional rules. (3) Adjusted average assets represent the denominator 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 June 30, 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 $ 14,523 16.8% 6.5% $ 13,333 15.1% 6.5% Tier 1 capital 14,523 16.8% 8.0% 13,333 15.1% 8.0% Total capital 16,321 18.9% 10.0% 15,097 17.1% 10.0% Tier 1 leverage 14,523 10.9% 5.0% 13,333 10.2% 5.0% Morgan Stanley Private Bank, National Association At June 30, 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 $ 5,153 28.0% 6.5% $ 4,197 26.5% 6.5% Tier 1 capital 5,153 28.0% 8.0% 4,197 26.5% 8.0% Total capital 5,186 28.2% 10.0% 4,225 26.7% 10.0% Tier 1 leverage 5,153 11.4% 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)	6 Months Ended
	Jun. 30, 2016
Redeemable Noncontrolling Interests and Total Equity
Preferred Stock Outstanding	Preferred Stock Outstanding Shares Carrying Value Outstanding Liquidation At At At June 30, Preference June 30, 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 AFS Securities Pensions, Postretirement and Other DVA Total (dollars in millions) Balance at March 31, 2016 $ (831) $ 76 $ (373) $ (110) $ (1,238) Change in OCI before reclassifications 52 188 (5) 143 378 Amounts reclassified from AOCI(2)(3) — (45) — — (45) Net OCI during the period 52 143 (5) 143 333 Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) 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 March 31, 2015 $ (883) $ 127 $ (510) $ — (1,266) Change in OCI before reclassifications 50 (208) (4) — (162) Amounts reclassified from AOCI(3) — (20) 1 — (19) Net OCI during the period 50 (228) (3) — (181) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — (1,447) 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 184 590 (3) 371 1,142 Amounts reclassified from AOCI(2)(3) — (52) (1) (26) (79) Net OCI during the period 184 538 (4) 345 1,063 Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (170) 7 (4) — (167) Amounts reclassified from AOCI(3) — (35) 3 — (32) Net OCI during the period (170) (28) (1) — (199) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — $ (1,447) ___________ 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 Note 2 for further information. A mounts reclassified from AOCI related to realization of DVA are classified within Trading revenues in the consolid ated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (15) million related to DVA in the current year period. See Note 2 for f urther information . Amounts reclassified from AOCI related to realized gains and losses from sales of AFS securities are classified within Other revenues in the consolid ated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (26) million in the current quarter and $ (30) million in the current year period , and $ (11) million in the prior quarter and $ (20) mi llion for the prior year period .

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (in millions, except for per share data) Basic EPS: Income from continuing operations $ 1,650 $ 1,833 $ 2,810 $ 4,301 Income (loss) from discontinued operations (4) (2) (7) (7) Net income 1,646 1,831 2,803 4,294 Net income applicable to noncontrolling interests 64 24 87 93 Net income applicable to Morgan Stanley 1,582 1,807 2,716 4,201 Less: Preferred stock dividends (156) (141) (234) (219) Less: Allocation of (earnings) loss to participating RSUs(1) (1) (1) (1) (3) Earnings applicable to Morgan Stanley common shareholders $ 1,425 $ 1,665 $ 2,481 $ 3,979 Weighted average common shares outstanding 1,866 1,919 1,875 1,922 Earnings per basic common share: Income from continuing operations $ 0.77 $ 0.87 $ 1.33 $ 2.07 Income (loss) from discontinued operations (0.01) — (0.01) — Earnings per basic common share $ 0.76 $ 0.87 $ 1.32 $ 2.07 Diluted EPS: Earnings applicable to Morgan Stanley common shareholders $ 1,425 $ 1,665 $ 2,481 $ 3,979 Weighted average common shares outstanding 1,866 1,919 1,875 1,922 Effect of dilutive securities: Stock options and RSUs(1) 33 41 32 40 Weighted average common shares outstanding and common stock equivalents 1,899 1,960 1,907 1,962 Earnings per diluted common share: Income from continuing operations $ 0.75 $ 0.85 $ 1.30 $ 2.03 Income (loss) from discontinued operations — — — — Earnings per diluted common share $ 0.75 $ 0.85 $ 1.30 $ 2.03 _____________ (1) Restricted stock units (“RSUs”) that are considered participating securities are treated as a separate class of securities in the computation of basic EPS, and, therefore, such RSUs are not included as incremental shares in the diluted EPS computations . The diluted EPS computations also do not include weighted average antidilutive RSUs and antidilutive stock options of 14 million shares and 12 million shares for the current quarter and prior year quarter, respectively, and 15 million shares a nd 12 million s hares for the current year period and prior year period, respectively.

Interest Income and Interest 41

Interest Income and Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2016
Interest Income And Interest Expense
Schedule of Details of Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Interest income(1): Trading assets(2) $ 526 $ 555 $ 1,109 $ 1,149 Investment securities 237 238 473 438 Loans 680 529 1,327 1,004 Interest bearing deposits with banks 52 22 105 45 Securities purchased under agreements to resell and Securities borrowed(3) (120) (200) (198) (305) Customer receivables and Other(4) 292 242 598 539 Total interest income $ 1,667 $ 1,386 $ 3,414 $ 2,870 Interest expense(1): Deposits $ 15 $ 17 $ 37 $ 35 Short-term borrowings 7 5 14 9 Long-term borrowings 844 915 1,804 1,841 Securities sold under agreements to repurchase and Securities loaned(5) 259 235 513 543 Customer payables and Other(6) (371) (484) (766) (852) Total interest expense $ 754 $ 688 $ 1,602 $ 1,576 Net interest $ 913 $ 698 $ 1,812 $ 1,294 _____________ (1) Interest income and expense are recorded within the 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) In cludes 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 customers for stock loan transa ctions incurred to cover customers’ short positions.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2016
Employee Benefit Plans
Components of Net Periodic Benefit Expense (Income)	Components of Net Periodic Benefit Expense (Income) for Pension and Other Postretirement Plans Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Service cost, benefits earned during the period $ 4 $ 5 $ 8 $ 10 Interest cost on projected benefit obligation 39 38 77 77 Expected return on plan assets (30) (29) (60) (59) Net amortization of prior service credit (5) (5) (9) (10) Net amortization of actuarial loss 3 7 6 13 Net periodic benefit expense $ 11 $ 16 $ 22 $ 31

Segment and Geographic Inform43

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Selected Financial Information by Segments	Selected Financial Information Three Months Ended June 30, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 4,496 $ 2,982 $ 581 $ (63) $ 7,996 Interest income 966 920 3 (222) 1,667 Interest expense 884 91 1 (222) 754 Net interest 82 829 2 — 913 Net revenues $ 4,578 $ 3,811 $ 583 $ (63) $ 8,909 Income from continuing operations before income taxes $ 1,506 $ 859 $ 118 $ — $ 2,483 Provision for income taxes 453 343 37 — 833 Income from continuing operations 1,053 516 81 — 1,650 Income (loss) from discontinued operations, net of income taxes (4) — — — (4) Net income 1,049 516 81 — 1,646 Net income applicable to noncontrolling interests 61 — 3 — 64 Net income applicable to Morgan Stanley $ 988 $ 516 $ 78 $ — $ 1,582 Three Months Ended June 30, 2015 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 5,205 $ 3,138 $ 757 $ (55) $ 9,045 Interest income 723 782 — (119) 1,386 Interest expense 756 45 6 (119) 688 Net interest (33) 737 (6) — 698 Net revenues $ 5,172 $ 3,875 $ 751 $ (55) $ 9,743 Income from continuing operations before income taxes $ 1,622 $ 885 $ 220 $ — $ 2,727 Provision for income taxes 511 324 59 — 894 Income from continuing operations 1,111 561 161 — 1,833 Income (loss) from discontinued operations, net of income taxes (2) — — — (2) Net income 1,109 561 161 — 1,831 Net income applicable to noncontrolling interests 22 — 2 — 24 Net income applicable to Morgan Stanley $ 1,087 $ 561 $ 159 $ — $ 1,807 Six Months Ended June 30, 2016 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 8,141 $ 5,819 $ 1,059 $ (130) $ 14,889 Interest income 2,019 1,834 4 (443) 3,414 Interest expense 1,868 174 3 (443) 1,602 Net interest 151 1,660 1 — 1,812 Net revenues $ 8,292 $ 7,479 $ 1,060 $ (130) $ 16,701 Income from continuing operations before income taxes $ 2,414 $ 1,645 $ 162 $ — $ 4,221 Provision for income taxes 728 636 47 — 1,411 Income from continuing operations 1,686 1,009 115 — 2,810 Income (loss) from discontinued operations, net of income taxes (7) — — — (7) Net income 1,679 1,009 115 — 2,803 Net income applicable to noncontrolling interests 100 — (13) — 87 Net income applicable to Morgan Stanley $ 1,579 $ 1,009 $ 128 $ — $ 2,716 Six Months Ended June 30, 2015 Institutional Securities(1) Wealth Management Investment Management Intersegment Eliminations Total (dollars in millions) Total non-interest revenues(2)(3) $ 10,751 $ 6,283 $ 1,431 $ (109) $ 18,356 Interest income 1,593 1,519 1 (243) 2,870 Interest expense 1,714 93 12 (243) 1,576 Net interest (121) 1,426 (11) — 1,294 Net revenues $ 10,630 $ 7,709 $ 1,420 $ (109) $ 19,650 Income from continuing operations before income taxes $ 3,435 $ 1,740 $ 407 $ — $ 5,582 Provision for income taxes(4) 517 644 120 — 1,281 Income from continuing operations 2,918 1,096 287 — 4,301 Income (loss) from discontinued operations, net of income taxes (7) — — — (7) Net income 2,911 1,096 287 — 4,294 Net income applicable to noncontrolling interests 74 — 19 — 93 Net income applicable to Morgan Stanley $ 2,837 $ 1,096 $ 268 $ — $ 4,201 (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 current quarter and current year period DVA gains (losses) are recorded within OCI when unrealized and in Trading revenues when realized. In the prior year quarter and prior year period, the realized and unrealized DVA gains (losses) are recorded in Trading revenues. See Notes 2 and 14 for furth er information. (2) In certain management fee arrangements, the Firm is entitled to receive performance-based fees (also referred to as incentive fees and includes carried interest) when the return on assets under management exceeds certain benchmark ret urns 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 Fi rm’s portion of unrealized cumulative amount of performance-based fee revenue (for which the Firm is not obligated to pay compensation) at risk of reversing if fund performance falls below stated investment management agreement benchmarks was approximately $ 421 million and $ 422 million at June 30, 2016 and December 31, 2015, respectively. See Note 11 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received . (3) The Firm 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. These fee waivers resulted in a reduction of fees of approximately $ 12 million a nd $ 50 million for the current quarter and prior year quarter, respectively, and $ 35 million and $ 100 million for the current year period and prior year period, respectively. (4 ) The Firm’s effective tax rate from continuing operations for the prior yea r period included a net discrete tax benefit of $ 564 million, within Institutional Securities (see Note 18).
Assets by Segments	Total Assets by Business Segment At June 30, At December 31, 2016 2015 (dollars in millions) Institutional Securities $ 641,373 $ 602,714 Wealth Management 182,801 179,708 Investment Management 4,699 5,043 Total(1) $ 828,873 $ 787,465 (1) Corporate assets have been fully allocated to the business segments.
Net Revenues by Geographic Area	Net Revenues by Region Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (dollars in millions) Americas $ 6,538 $ 6,777 $ 12,290 $ 13,707 EMEA 1,312 1,436 2,441 3,198 Asia-Pacific 1,059 1,530 1,970 2,745 Net revenues $ 8,909 $ 9,743 $ 16,701 $ 19,650

Introduction and Basis of Pre44

Introduction and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements of Cash Flows
Reduction in nonredeemable noncontrolling interests primarily related to deconsolidation of certain legal entities associated with a real estate fund			$ 191
Accounting standard early adoption
Disclosures by disposal groups, including discontinued operations
Net noncash increase in total assets		$ 126
Real Estate Funds
Consolidated Statements of Cash Flows
Non-cash reduction of assets	$ 169
Reduction in nonredeemable noncontrolling interests primarily related to deconsolidation of certain legal entities associated with a real estate fund	191
Global Oil Merchanting Business
Disclosures by disposal groups, including discontinued operations
Gain (loss) on sales of assets	$ 59		$ 59

Significant Accounting Polici45

Significant Accounting Policies (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
New accounting pronouncement early adoption
Deconsolidation of certain legal entities associated with a real estate fund			$ (191)
Accounting standard early adoption
New accounting pronouncement early adoption
Debt valuation adjustment	[1]	$ 0
Accounting standard early adoption | Primarily from certain merchant banking funds in Investment Management
New accounting pronouncement early adoption
Consolidations related to certain merchant banking funds in Investment Management		206
Deconsolidation of certain legal entities associated with a real estate fund		(75)
Increase in assets related to certain merchant banking		131
Accounting standard early adoption | Retained Earnings
New accounting pronouncement early adoption
Debt valuation adjustment	[1]	312
Accounting standard early adoption | Accumulated Other Comprehensive Income (Loss)
New accounting pronouncement early adoption
Debt valuation adjustment	[1]	$ (312)
[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.

Fair Value Disclosures (Assets

Fair Value Disclosures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Assets at Fair Value
Total trading assets	$ 256,794	$ 239,505
Total AFS securities, fair value	67,726	66,759
Securities purchased under agreement to resell	555	806
Intangible assets	3	5
Commitment	510	670
Investment measured at fair value using the NAV per share	3,246	3,843
Liabilities at Fair Value
Deposits	95	125
Short-term borrowings	511	1,648
Obligation to return securities received as collateral	18,738	19,316
Total trading liabilities	140,662	128,455
Securities sold under agreement to repurchase	699	683
Other secured financings	2,921	2,854
Long-term borrowings	37,804	33,045
Recurring
Assets at Fair Value
U.S. government and agency securities	47,465	36,341
Other sovereign government obligations	27,551	20,963
Corporate and other debt	27,228	29,847
Corporate equities	100,957	107,108
Securities received as collateral	10,128	11,225
Derivative and other contracts	38,158	28,613
Netting	(576,436)	(442,965)
Investments	1,868	1,244
Physical commodities	193	321
Total trading assets	253,548	235,662
Total AFS securities, fair value	67,726	66,759
Securities purchased under agreement to resell	555	806
Intangible assets	3	5
Total assets	321,832	303,232
Investment measured at fair value using the NAV per share	3,246	3,843
Liabilities at Fair Value
Deposits	95	125
Short-term borrowings	511	1,648
U.S. government and agency securities	13,452	13,913
Other sovereign government obligations	18,553	13,528
Corporate and other debt	6,054	5,049
Corporate equities	46,542	47,175
Obligation to return securities received as collateral	18,738	19,316
Derivative and other contracts	37,323	29,474
Netting	(556,319)	(427,876)
Total trading liabilities	140,662	128,455
Securities sold under agreement to repurchase	699	683
Other secured financings	2,921	2,854
Long-term borrowings	37,804	33,045
Total liabilities	182,692	166,810
Recurring | Corporate loans
Assets at Fair Value
Loan and lending commitment held at fair value	7,114	7,286
Recurring | Residential real estate
Assets at Fair Value
Loan and lending commitment held at fair value	1,721	1,885
Recurring | Wholesale real estate
Assets at Fair Value
Loan and lending commitment held at fair value	462	1,447
Recurring | Net Asset Value
Assets at Fair Value
Investments	3,246	3,843
Recurring | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	24,565	17,658
Liabilities at Fair Value
U.S. government and agency securities	12,983	12,932
Recurring | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	22,900	18,683
Liabilities at Fair Value
U.S. government and agency securities	469	981
Recurring | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	1,953	1,670
Liabilities at Fair Value
Corporate and other debt	3
Recurring | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	802	1,797
Recurring | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,012	1,592
Liabilities at Fair Value
Corporate and other debt		2
Recurring | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	230	519
Liabilities at Fair Value
Corporate and other debt	449
Recurring | Corporate Bonds
Assets at Fair Value
Corporate and other debt	12,027	10,226
Liabilities at Fair Value
Corporate and other debt	5,584	5,035
Recurring | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	552	714
Recurring | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	9,297	10,618
Recurring | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	0	3
Recurring | Other Debt
Assets at Fair Value
Corporate and other debt	1,355	2,711
Liabilities at Fair Value
Corporate and other debt	18	9
Recurring | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	463,574	326,044
Liabilities at Fair Value
Derivative and other contracts	437,766	307,409
Recurring | Credit Contracts
Assets at Fair Value
Derivative and other contracts	16,461	22,919
Liabilities at Fair Value
Derivative and other contracts	17,821	23,665
Recurring | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	76,505	64,955
Liabilities at Fair Value
Derivative and other contracts	78,625	65,350
Recurring | Equity Contracts
Assets at Fair Value
Derivative and other contracts	42,529	40,289
Liabilities at Fair Value
Derivative and other contracts	46,549	46,132
Recurring | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	15,509	17,152
Liabilities at Fair Value
Derivative and other contracts	12,779	14,751
Recurring | Other Contracts
Assets at Fair Value
Derivative and other contracts	16	219
Liabilities at Fair Value
Derivative and other contracts	102	43
Recurring | Principal Investments
Assets at Fair Value
Investments	809	550
Recurring | Other Investments
Assets at Fair Value
Investments	1,059	694
Recurring | Level 1
Assets at Fair Value
U.S. government and agency securities	25,360	18,455
Other sovereign government obligations	20,942	13,559
Corporate and other debt	0	0
Corporate equities	100,018	106,296
Securities received as collateral	10,121	11,221
Derivative and other contracts	962	414
Netting	(4,184)	(3,840)
Investments	316	183
Physical commodities	0	0
Total trading assets	157,719	150,128
Total AFS securities, fair value	31,062	34,351
Securities purchased under agreement to resell	0	0
Intangible assets	0	0
Total assets	188,781	184,479
Liabilities at Fair Value
Deposits	0	0
Short-term borrowings	0	0
U.S. government and agency securities	13,341	13,786
Other sovereign government obligations	15,885	10,970
Corporate and other debt	0	0
Corporate equities	46,440	47,123
Obligation to return securities received as collateral	18,731	19,312
Derivative and other contracts	497	230
Netting	(4,184)	(3,840)
Total trading liabilities	94,894	91,421
Securities sold under agreement to repurchase	0	0
Other secured financings	0	0
Long-term borrowings	44	0
Total liabilities	94,938	91,421
Recurring | Level 1 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	24,565	17,658
Liabilities at Fair Value
U.S. government and agency securities	12,983	12,932
Recurring | Level 1 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	795	797
Liabilities at Fair Value
U.S. government and agency securities	358	854
Recurring | Level 1 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	0	0
Liabilities at Fair Value
Corporate and other debt	0
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
Liabilities at Fair Value
Corporate and other debt	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	791	406
Liabilities at Fair Value
Derivative and other contracts	969	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	140	55
Liabilities at Fair Value
Derivative and other contracts	82	22
Recurring | Level 1 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	1,368	653
Liabilities at Fair Value
Derivative and other contracts	1,262	570
Recurring | Level 1 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	2,847	3,140
Liabilities at Fair Value
Derivative and other contracts	2,368	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	21	20
Recurring | Level 1 | Other Investments
Assets at Fair Value
Investments	295	163
Recurring | Level 2
Assets at Fair Value
U.S. government and agency securities	22,085	17,886
Other sovereign government obligations	6,607	7,400
Corporate and other debt	20,532	22,309
Corporate equities	367	379
Securities received as collateral	7	3
Derivative and other contracts	97,938	79,434
Netting	(505,871)	(380,443)
Investments	578	354
Physical commodities	193	321
Total trading assets	148,307	128,086
Total AFS securities, fair value	36,664	32,408
Securities purchased under agreement to resell	555	806
Intangible assets	3	0
Total assets	185,529	161,300
Liabilities at Fair Value
Deposits	65	106
Short-term borrowings	511	1,647
U.S. government and agency securities	111	127
Other sovereign government obligations	2,668	2,558
Corporate and other debt	6,045	5,045
Corporate equities	76	35
Obligation to return securities received as collateral	7	3
Derivative and other contracts	75,915	63,966
Netting	(505,871)	(380,443)
Total trading liabilities	84,822	71,734
Securities sold under agreement to repurchase	549	532
Other secured financings	2,480	2,393
Long-term borrowings	35,831	31,058
Total liabilities	124,258	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	22,085	17,886
Liabilities at Fair Value
U.S. government and agency securities	111	127
Recurring | Level 2 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	1,943	1,651
Liabilities at Fair Value
Corporate and other debt	3
Recurring | Level 2 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	586	1,456
Recurring | Level 2 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	961	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	142	494
Liabilities at Fair Value
Corporate and other debt	449
Recurring | Level 2 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	11,751	9,959
Liabilities at Fair Value
Corporate and other debt	5,578	5,035
Recurring | Level 2 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	443	284
Recurring | Level 2 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	3,879	4,682
Recurring | Level 2 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	0	3
Recurring | Level 2 | Other Debt
Assets at Fair Value
Corporate and other debt	827	2,263
Liabilities at Fair Value
Corporate and other debt	15	5
Recurring | Level 2 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	462,243	323,586
Liabilities at Fair Value
Derivative and other contracts	436,022	305,151
Recurring | Level 2 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	16,157	22,258
Liabilities at Fair Value
Derivative and other contracts	16,403	22,160
Recurring | Level 2 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	76,264	64,608
Liabilities at Fair Value
Derivative and other contracts	78,441	65,177
Recurring | Level 2 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	40,524	38,552
Liabilities at Fair Value
Derivative and other contracts	43,177	42,447
Recurring | Level 2 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	8,605	10,654
Liabilities at Fair Value
Derivative and other contracts	7,652	9,431
Recurring | Level 2 | Other Contracts
Assets at Fair Value
Derivative and other contracts	16	219
Liabilities at Fair Value
Derivative and other contracts	91	43
Recurring | Level 2 | Principal Investments
Assets at Fair Value
Investments	19	44
Recurring | Level 2 | Other Investments
Assets at Fair Value
Investments	559	310
Recurring | Level 3
Assets at Fair Value
U.S. government and agency securities	20	0
Other sovereign government obligations	2	4
Corporate and other debt	6,696	7,538
Corporate equities	572	433
Securities received as collateral	0	1
Derivative and other contracts	3,102	4,327
Netting	(2,537)	(3,120)
Investments	974	707
Physical commodities	0	0
Total trading assets	11,366	13,010
Total AFS securities, fair value	0	0
Securities purchased under agreement to resell	0	0
Intangible assets	0	5
Total assets	11,366	13,015
Liabilities at Fair Value
Deposits	30	19
Short-term borrowings	0	1
U.S. government and agency securities	0	0
Other sovereign government obligations	0	0
Corporate and other debt	9	4
Corporate equities	26	17
Obligation to return securities received as collateral	0	1
Derivative and other contracts	4,638	5,751
Netting	(2,537)	(3,120)
Total trading liabilities	4,673	5,773
Securities sold under agreement to repurchase	150	151
Other secured financings	441	461
Long-term borrowings	1,929	1,987
Total liabilities	7,223	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	20	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	10	19
Liabilities at Fair Value
Corporate and other debt	0
Recurring | Level 3 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	216	341
Recurring | Level 3 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	51	72
Liabilities at Fair Value
Corporate and other debt		0
Recurring | Level 3 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	88	25
Liabilities at Fair Value
Corporate and other debt	0
Recurring | Level 3 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	276	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	109	430
Recurring | Level 3 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	5,418	5,936
Recurring | Level 3 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt	0	0
Recurring | Level 3 | Other Debt
Assets at Fair Value
Corporate and other debt	528	448
Liabilities at Fair Value
Corporate and other debt	3	4
Recurring | Level 3 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	540	2,052
Liabilities at Fair Value
Derivative and other contracts	775	1,792
Recurring | Level 3 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	304	661
Liabilities at Fair Value
Derivative and other contracts	1,418	1,505
Recurring | Level 3 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	101	292
Liabilities at Fair Value
Derivative and other contracts	102	151
Recurring | Level 3 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	637	1,084
Liabilities at Fair Value
Derivative and other contracts	2,110	3,115
Recurring | Level 3 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	4,057	3,358
Liabilities at Fair Value
Derivative and other contracts	2,759	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	11	0
Recurring | Level 3 | Principal Investments
Assets at Fair Value
Investments	769	486
Recurring | Level 3 | Other Investments
Assets at Fair Value
Investments	205	221
Recurring | Counterparty and Cash Collateral Netting
Assets at Fair Value
Derivative and other contracts	(63,844)	(55,562)
Netting	(63,844)	(55,562)
Total trading assets	(63,844)	(55,562)
Total assets	(63,844)	(55,562)
Liabilities at Fair Value
Derivative and other contracts	(43,727)	(40,473)
Netting	(43,727)	(40,473)
Total trading liabilities	(43,727)	(40,473)
Total liabilities	$ (43,727)	$ (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		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Intangible Assets
Assets
Beginning balance	$ 4	$ 5	$ 5	$ 6	$ 6
Realized and Unrealized Gains (Losses)	0	1	0	1
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	(1)
Net Transfers	(4)	0	(5)	0
Ending balance	0	6	0	6	5
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	1	0	1
Deposits
Liabilities
Beginning balance	23		19
Realized and Unrealized Gains (Losses)	1		(2)
Purchases	0		0
Sales	0		0
Issuances	8		13
Settlements	0		0
Net Transfers	(2)		(4)
Ending balance	30		30		19
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)		(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		0		1
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding			0
Securities Sold under agreements to repurchase
Liabilities
Beginning balance	151	154	151	153	153
Realized and Unrealized Gains (Losses)	(1)	0	1	(1)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	0	0	0
Ending balance	150	154	150	154	151
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	1	0	1	(1)
Other Secured Financings
Liabilities
Beginning balance	454	133	461	149	149
Realized and Unrealized Gains (Losses)	14	(2)	(32)	(6)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	23	37	69	37
Settlements	(22)	0	(43)	(24)
Net Transfers	(28)	0	(78)	0
Ending balance	441	168	441	168	461
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(14)	2	(32)	2
Long-term borrowings
Liabilities
Beginning balance	1,798	1,738	1,987	1,934	1,934
Realized and Unrealized Gains (Losses)	(21)	(51)	(12)	65
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	164	549	276	612
Settlements	(131)	(88)	(167)	(300)
Net Transfers	119	73	(179)	40
Ending balance	1,929	2,221	1,929	2,221	1,987
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	26	51	(6)	59
Trading Assets | U.S. Agency Securities
Assets
Beginning balance	8	0	0	0	0
Realized and Unrealized Gains (Losses)	0	0	1	0
Purchases	0	0	0	3
Sales	(18)	(3)	(19)	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	30	6	38	0
Ending balance	20	3	20	3	0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	1	0
Trading Assets | Other Sovereign Government Obligations
Assets
Beginning balance	8	11	4	41	41
Realized and Unrealized Gains (Losses)	0	0	0	1
Purchases	0	5	0	6
Sales	(3)	(1)	(5)	(32)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(3)	(3)	3	(4)
Ending balance	2	12	2	12	4
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	1	1
Trading Assets | Corporate and Other Debt
Assets
Beginning balance	7,644	7,064	7,538	8,044	8,044
Realized and Unrealized Gains (Losses)	(10)	98	(81)	194
Purchases	503	2,431	1,268	2,905
Sales	(803)	(1,105)	(1,320)	(1,119)
Issuances	0	0	0	0
Settlements	(596)	(571)	(672)	(2,411)
Net Transfers	(42)	(214)	(37)	90
Ending balance	6,696	7,703	6,696	7,703	7,538
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(30)	(2)	(77)	45
Trading Assets | Corporate and Other Debt | State and Municipal Securities
Assets
Beginning balance	5	0	19	0	0
Realized and Unrealized Gains (Losses)	1	1	1	1
Purchases	4	4	4	4
Sales	0	(9)	(15)	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	11	1	2
Ending balance	10	7	10	7	19
Unrealized Gains (Losses) for Level 3 Assets Outstanding	2	1	1	1
Trading Assets | Corporate and Other Debt | Residential Mortgage-backed Securities
Assets
Beginning balance	292	296	341	175	175
Realized and Unrealized Gains (Losses)	3	2	(19)	21
Purchases	0	138	19	163
Sales	(82)	(32)	(133)	(51)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	3	(26)	8	70
Ending balance	216	378	216	378	341
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(5)	2	(14)	12
Trading Assets | Corporate and Other Debt | Commercial Mortgage-backed Securities
Assets
Beginning balance	59	180	72	96	96
Realized and Unrealized Gains (Losses)	(3)	(4)	(10)	(6)
Purchases	1	5	0	16
Sales	(4)	(9)	(19)	(22)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(2)	(88)	8	0
Ending balance	51	84	51	84	72
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(5)	(5)	(11)	(9)
Trading Assets | Corporate and Other Debt | Asset-backed Securities
Assets
Beginning balance	4	67	25	76	76
Realized and Unrealized Gains (Losses)	(4)	5	(7)	(4)
Purchases	6	11	7	11
Sales	(1)	(64)	(18)	(29)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	83	0	81	(35)
Ending balance	88	19	88	19	25
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(4)	1	(8)	2
Trading Assets | Corporate and Other Debt | Corporate Bonds
Assets
Beginning balance	224	424	267	386	386
Realized and Unrealized Gains (Losses)	17	(4)	62	10
Purchases	116	228	113	213
Sales	(35)	(150)	(128)	(126)
Issuances	0	0	0	0
Settlements	0	(2)	0	(1)
Net Transfers	(46)	(17)	(38)	(3)
Ending balance	276	479	276	479	267
Unrealized Gains (Losses) for Level 3 Assets Outstanding	17	(16)	61	9
Trading Assets | Corporate and Other Debt | Collateralized Debt and Loan Obligations
Assets
Beginning balance	348	822	430	1,152	1,152
Realized and Unrealized Gains (Losses)	18	68	5	145
Purchases	3	300	22	404
Sales	(178)	(439)	(224)	(682)
Issuances	0	0	0	0
Settlements	0	(78)	0	(331)
Net Transfers	(82)	(13)	(124)	(28)
Ending balance	109	660	109	660	430
Unrealized Gains (Losses) for Level 3 Assets Outstanding	18	(10)	17	(6)
Trading Assets | Corporate and Other Debt | Loans and Lending Commitments
Assets
Beginning balance	6,185	4,789	5,936	5,874	5,874
Realized and Unrealized Gains (Losses)	(46)	31	(111)	35
Purchases	360	1,615	970	2,082
Sales	(484)	(351)	(720)	(209)
Issuances	0	0	0	0
Settlements	(596)	(491)	(672)	(2,078)
Net Transfers	(1)	(81)	15	(192)
Ending balance	5,418	5,512	5,418	5,512	5,936
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(55)	26	(121)	30
Trading Assets | Corporate and Other Debt | Other Debt
Assets
Beginning balance	527	486	448	285	285
Realized and Unrealized Gains (Losses)	4	(1)	(2)	(8)
Purchases	13	130	133	12
Sales	(19)	(51)	(63)	0
Issuances	0	0	0	0
Settlements	0	0	0	(1)
Net Transfers	3	0	12	276
Ending balance	528	564	528	564	448
Unrealized Gains (Losses) for Level 3 Assets Outstanding	2	(1)	(2)	6
Trading Assets | Corporate Equities
Assets
Beginning balance	430	230	433	272	272
Realized and Unrealized Gains (Losses)	(63)	38	(45)	64
Purchases	273	266	296	260
Sales	(82)	(92)	(119)	(147)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	14	44	7	37
Ending balance	572	486	572	486	433
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(63)	26	(64)	49
Trading Assets | Net Derivative and Other Contracts
Assets
Beginning balance	(1,060)	(2,310)	(1,424)	(1,784)	(1,784)
Realized and Unrealized Gains (Losses)	227	109	(171)	259
Purchases	58	49	82	98
Sales	0	0	0	0
Issuances	(151)	(204)	(209)	(412)
Settlements	216	252	837	383
Net Transfers	(826)	428	(651)	(220)
Ending balance	(1,536)	(1,676)	(1,536)	(1,676)	(1,424)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(127)	0	(461)	107
Trading Assets | Net Derivative and Other Contracts | Interest Rate Contracts
Assets
Beginning balance	169	(496)	260	(173)	(173)
Realized and Unrealized Gains (Losses)	(159)	95	305	188
Purchases	2	4	3	9
Sales	0	0	0	0
Issuances	(7)	(13)	(21)	(20)
Settlements	42	14	(60)	124
Net Transfers	(282)	160	(722)	(364)
Ending balance	(235)	(236)	(235)	(236)	260
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(157)	135	205	197
Trading Assets | Net Derivative and Other Contracts | Credit Contracts
Assets
Beginning balance	(723)	(984)	(844)	(743)	(743)
Realized and Unrealized Gains (Losses)	65	(24)	(343)	(276)
Purchases	1	4	1	17
Sales	0	0	0	0
Issuances	0	(24)	0	(54)
Settlements	93	23	153	31
Net Transfers	(550)	16	(81)	36
Ending balance	(1,114)	(989)	(1,114)	(989)	(844)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	53	(29)	(360)	(284)
Trading Assets | Net Derivative and Other Contracts | Foreign Exchange Contracts
Assets
Beginning balance	126	297	141	151	151
Realized and Unrealized Gains (Losses)	(58)	57	(109)	121
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	(1)	0	(1)
Settlements	(94)	43	(201)	144
Net Transfers	25	50	168	31
Ending balance	(1)	446	(1)	446	141
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(47)	82	(82)	120
Trading Assets | Net Derivative and Other Contracts | Equity Contracts
Assets
Beginning balance	(1,832)	(2,472)	(2,031)	(2,165)	(2,165)
Realized and Unrealized Gains (Losses)	168	(23)	(321)	(73)
Purchases	50	39	71	69
Sales	0	0	0	0
Issuances	(140)	(54)	(184)	(225)
Settlements	263	206	1,121	156
Net Transfers	18	202	(129)	136
Ending balance	(1,473)	(2,102)	(1,473)	(2,102)	(2,031)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(106)	(161)	(434)	(160)
Trading Assets | Net Derivative and Other Contracts | Commodity Contracts
Assets
Beginning balance	1,200	1,345	1,050	1,146	1,146
Realized and Unrealized Gains (Losses)	211	4	297	299
Purchases	5	2	7	3
Sales	0	0	0	0
Issuances	(4)	(112)	(4)	(112)
Settlements	(88)	(34)	(176)	(72)
Net Transfers	(26)	0	124	(59)
Ending balance	1,298	1,205	1,298	1,205	1,050
Unrealized Gains (Losses) for Level 3 Assets Outstanding	130	(27)	210	234
Trading Assets | Net Derivative and Other Contracts | Other Contracts
Assets
Beginning balance	0		0
Realized and Unrealized Gains (Losses)	0		0
Purchases	0		0
Sales	0		0
Issuances	0		0
Settlements	0		0
Net Transfers	(11)		(11)
Ending balance	(11)		(11)		0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0		0
Trading Assets | Investments
Assets
Beginning balance	922	1,220	707	1,158	1,158
Realized and Unrealized Gains (Losses)	5	(25)	(56)	(20)
Purchases	58	5	404	17
Sales	(11)	(12)	(40)	(52)
Issuances	0	0	0	0
Settlements	0	(205)	(41)	(205)
Net Transfers	0	(102)	0	(17)
Ending balance	974	881	974	881	707
Unrealized Gains (Losses) for Level 3 Assets Outstanding	7	(21)	(53)	(38)
Trading Assets | Investments | Principal Investments
Assets
Beginning balance	743	829	486	835	835
Realized and Unrealized Gains (Losses)	4	(21)	(39)	(4)
Purchases	33	5	403	15
Sales	(11)	(12)	(40)	(46)
Issuances	0	0	0	0
Settlements	0	(205)	(41)	(205)
Net Transfers	0	(15)	0	(14)
Ending balance	769	581	769	581	486
Unrealized Gains (Losses) for Level 3 Assets Outstanding	6	(21)	(37)	(26)
Trading Assets | Investments | Other Investments
Assets
Beginning balance	179	391	221	323	323
Realized and Unrealized Gains (Losses)	1	(4)	(17)	(16)
Purchases	25	0	1	2
Sales	0	0	0	(6)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	(87)	0	(3)
Ending balance	205	300	205	300	221
Unrealized Gains (Losses) for Level 3 Assets Outstanding	1	0	(16)	(12)
Trading Assets | Securities Received as Collateral
Assets
Beginning balance		33	1	0	0
Realized and Unrealized Gains (Losses)		0	0	0
Purchases		0	0	3
Sales		(30)	(1)	0
Issuances		0	0	0
Settlements		0	0	0
Net Transfers		0	0	0
Ending balance	0	3	0	3	1
Unrealized Gains (Losses) for Level 3 Assets Outstanding		0	0	0
Trading Liabilities | Corporate and Other Debt
Liabilities
Beginning balance	11	46	4	121	121
Realized and Unrealized Gains (Losses)	0	0	3	(3)
Purchases	(6)	(21)	(10)	(12)
Sales	29	25	14	20
Issuances	0	0	0	0
Settlements	0	(29)	0	(39)
Net Transfers	(25)	(2)	(2)	(68)
Ending balance	9	19	9	19	4
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)	0	(3)	3
Trading Liabilities | Corporate and Other Debt | Corporate Bonds
Liabilities
Beginning balance	6	23	0	78	78
Realized and Unrealized Gains (Losses)	1	0	5	2
Purchases	(5)	(21)	(7)	(12)
Sales	29	15	10	14
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(25)	(2)	(2)	(67)
Ending balance	6	15	6	15	0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)	0	(5)	(2)
Trading Liabilities | Corporate and Other Debt | Lending Commitments
Liabilities
Beginning balance	1		0	5	5
Realized and Unrealized Gains (Losses)	(1)		0	5
Purchases	0		0	0
Sales	0		0	0
Issuances	0		0	0
Settlements	0		0	0
Net Transfers	0		0	0
Ending balance	0	0	0	0	0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0		0	5
Trading Liabilities | Corporate and Other Debt | Other Debt
Liabilities
Beginning balance	4	23	4	38	38
Realized and Unrealized Gains (Losses)	0	0	(2)	0
Purchases	(1)	0	(3)	0
Sales	0	10	4	6
Issuances	0	0	0	0
Settlements	0	(29)	0	(39)
Net Transfers	0	0	0	(1)
Ending balance	3	4	3	4	4
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	0	2	0
Trading Liabilities | Corporate Equities
Liabilities
Beginning balance	31	50	17	45	45
Realized and Unrealized Gains (Losses)	28	(240)	3	(19)
Purchases	(33)	(49)	(22)	(75)
Sales	5	2	18	25
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(5)	349	10	136
Ending balance	26	112	26	112	17
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	240	(3)	20
Trading Liabilities | Obligation to Return Securities Received as Collateral
Liabilities
Beginning balance	1	33	1	33	33
Realized and Unrealized Gains (Losses)	0	0	0	0
Purchases	(1)	(30)	(1)	(30)
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	0	0	0
Ending balance	0	3	0	3	$ 1
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	$ 0	$ 0	$ 0	$ 0

Fair Value Disclosures (Quantit

Fair Value Disclosures (Quantitative Information about and Sensitivity of Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements) (Details) - Recurring - Level 3 $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)$ / MWh	Dec. 31, 2015USD ($)$ / MWh
Residential Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 216	$ 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	20.00%	32.00%
Commercial Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 51	$ 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	7.00%	9.00%
Commercial Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	1.00%	2.00%
Asset-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 88
Asset-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	45.00%
Asset-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	55.00%
Asset-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	46.00%
Corporate Bonds
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 276	$ 267
Corporate Bonds | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	3.00%	3.00%
EBITDA Multiple	5	7
Corporate Bonds | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	135.00%	119.00%
EBITDA Multiple	10	9
Corporate Bonds | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	91.00%	90.00%
EBITDA Multiple	7	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	$ 109	$ 430
Collateralized Debt and Loan Obligations | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	20.00%	47.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	95.00%	103.00%
Collateralized Debt and Loan Obligations | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	57.00%	67.00%
Collateralized Debt and Loan Obligations | Correlation Model | Minimum
Fair Value Inputs
Credit Correlation	29.00%	39.00%
Collateralized Debt and Loan Obligations | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	61.00%	60.00%
Collateralized Debt and Loan Obligations | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	42.00%	49.00%
Loans and Lending Commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 5,418	$ 5,936
Loans and Lending Commitments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Loan Price	43.00%	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	87.00%	88.00%
Loans and Lending Commitments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied Weighted Average Cost of Capital	5.00%	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	6.00%	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	6.00%	7.00%
Capitalization Rate	4.00%	4.00%
Loans and Lending Commitments | Corporate Loan Model | Minimum
Fair Value Inputs
Credit Spread	4.82%	2.50%
Loans and Lending Commitments | Corporate Loan Model | Maximum
Fair Value Inputs
Credit Spread	8.98%	8.66%
Loans and Lending Commitments | Corporate Loan Model | Weighted Average
Fair Value Inputs
Credit Spread	5.96%	5.31%
Loans and Lending Commitments | Margin Loan Model | Minimum
Fair Value Inputs
Discount Rate	1.00%	1.00%
Credit Spread	0.31%	0.62%
Volatility Skew	20.00%	14.00%
Loans and Lending Commitments | Margin Loan Model | Maximum
Fair Value Inputs
Discount Rate	8.00%	4.00%
Credit Spread	1.02%	4.99%
Volatility Skew	46.00%	70.00%
Loans and Lending Commitments | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount Rate	3.00%	2.00%
Credit Spread	0.86%	1.45%
Volatility Skew	32.00%	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	47.00%
Loans and Lending Commitments | Expected recovery | Maximum
Fair Value Inputs
Asset coverage	99.00%
Loans and Lending Commitments | Expected recovery | Weighted Average
Fair Value Inputs
Asset coverage	90.00%
Other Debt
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 528	$ 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	3.00%	4.00%
Other Debt | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Loan Price	84.00%	84.00%
Other Debt | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	7.00%	8.00%
Comparable Loan Price	66.00%	59.00%
Other Debt | Discounted Cash Flow | Minimum
Fair Value Inputs
Discount Rate	10.00%
Other Debt | Discounted Cash Flow | Maximum
Fair Value Inputs
Discount Rate	13.00%
Other Debt | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount Rate	12.00%
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	$ 572	$ 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		50.00%
Corporate Equities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Price		80.00%
Corporate Equities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Equity Price	100.00%	100.00%
Comparable Price		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	$ (235)	$ 260
Interest Rate Contracts | Comparable Pricing | Minimum
Fair Value Inputs
Comparable Bond Price	95.00%
Interest Rate Contracts | Comparable Pricing | Maximum
Fair Value Inputs
Comparable Bond Price	100.00%
Interest Rate Contracts | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price	96.00%
Interest Rate Contracts | Option Model
Fair Value Inputs
Interest rate curve	1.00%
Inflation Volatility		58.00%
Interest Rate Contracts | Option Model | Minimum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple		0
Interest Rate Volatility Skew	34.00%	29.00%
Interest Rate Quanto Correlation	(8.00%)	(8.00%)
Interest Rate - Foreign Exchange Correlation	25.00%	25.00%
Interest Rate - Inflation Correlation	(24.00%)	(41.00%)
Callable Discount	3.00%
Inflation Volatility	0.00%
Interest Rate Curve Correlation	19.00%	24.00%
Foreign exchange volatility skew	0.00%
Interest Rate Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple		3
Interest Rate Volatility Skew	143.00%	82.00%
Interest Rate Quanto Correlation	35.00%	36.00%
Interest Rate - Foreign Exchange Correlation	55.00%	62.00%
Interest Rate - Inflation Correlation	(44.00%)	(39.00%)
Callable Discount	25.00%
Inflation Volatility	1.00%
Interest Rate Curve Correlation	95.00%	95.00%
Foreign exchange volatility skew	11.00%
Interest Rate Contracts | Option Model | Weighted Average
Fair Value Inputs
Interest Rate Volatility Concentration Liquidity Multiple		2
Interest Rate Contracts | Option Model | Simple Average
Fair Value Inputs
Interest Rate Volatility Skew	78.00%	43.00%
Interest rate curve	1.00%
Interest Rate Quanto Correlation	2.00%	5.00%
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Interest Rate - Inflation Correlation	(34.00%)	(41.00%)
Callable Discount	14.00%
Inflation Volatility	1.00%	58.00%
Interest Rate Curve Correlation	71.00%	60.00%
Foreign exchange volatility skew	4.00%
Interest Rate Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	77.00%	40.00%
Interest rate curve	1.00%
Interest Rate Quanto Correlation	(7.00%)	(6.00%)
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Interest Rate - Inflation Correlation	(33.00%)	(41.00%)
Callable Discount	14.00%
Inflation Volatility	1.00%	58.00%
Interest Rate Curve Correlation	76.00%	69.00%
Foreign exchange volatility skew	6.00%
Credit Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (1,114)	$ (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)	85.00%	75.00%
Cash Synthetic Basis	12.00%	12.00%
Credit Contracts | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable Bond Price (Lower Higher)	26.00%	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	92.00%	97.00%
Credit Contracts | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	49.00%	57.00%
Foreign Exchange Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (1)	$ 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	34.00%	29.00%
Interest Rate - Foreign Exchange Correlation	25.00%	25.00%
Callable Discount	19.00%
Foreign Exchange Contracts | Option Model | Maximum
Fair Value Inputs
Interest Rate Volatility Skew	143.00%	82.00%
Interest Rate - Foreign Exchange Correlation	55.00%	62.00%
Callable Discount	94.00%
Foreign Exchange Contracts | Option Model | Simple Average
Fair Value Inputs
Interest Rate Volatility Skew	78.00%	43.00%
Interest rate curve	0.00%	0.00%
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Callable Discount	73.00%
Foreign Exchange Contracts | Option Model | Median
Fair Value Inputs
Interest Rate Volatility Skew	77.00%	40.00%
Interest rate curve	0.00%	0.00%
Interest Rate - Foreign Exchange Correlation	42.00%	43.00%
Callable Discount	81.00%
Equity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ (1,473)	$ (2,031)
Equity Contracts | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	6.00%	16.00%
Volatility Skew	(4.00%)	(3.00%)
Equity - Equity Correlation	40.00%	40.00%
Equity - Foreign Exchange Correlation	(70.00%)	(60.00%)
Equity - Interest Rate Correlation	(7.00%)	(29.00%)
Equity Contracts | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	81.00%	65.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	98.00%	99.00%
Equity - Foreign Exchange Correlation	(31.00%)	(11.00%)
Equity - Interest Rate Correlation	50.00%	50.00%
Equity Contracts | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	35.00%	32.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	79.00%	71.00%
Equity - Foreign Exchange Correlation	(42.00%)	(39.00%)
Equity Contracts | Option Model | Simple Average
Fair Value Inputs
Equity - Interest Rate Correlation	19.00%	16.00%
Equity Contracts | Option Model | Median
Fair Value Inputs
Equity - Interest Rate Correlation	12.00%	8.00%
Commodity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 1,298	$ 1,050
Commodity Contracts | Option Model | Minimum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	2	3
Commodity Volatility	6.00%	10.00%
Cross Commodity Correlation	5.00%	43.00%
Commodity Contracts | Option Model | Maximum
Fair Value Inputs
Forward Power Price (per megawatt hour) | $ / MWh	95	91
Commodity Volatility	90.00%	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	34	32
Commodity Volatility	18.00%	18.00%
Cross Commodity Correlation	93.00%	93.00%
Principal Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 769	$ 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	82.00%	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	13.00%
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	16.00%
Exit Multiple	23	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	15.00%	16.00%
Exit Multiple	9	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	4	5
Principal Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA Multiple	25	20
Forward capacity price | $ / MWh	9	9
Principal Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA Multiple	12	11
Forward capacity price | $ / MWh	7	7
Other Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 205	$ 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	13	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	$ 150	$ 151
Securities Sold under agreements to repurchase | Discounted Cash Flow | Minimum
Fair Value Inputs
Funding Spread	1.17%	0.86%
Securities Sold under agreements to repurchase | Discounted Cash Flow | Maximum
Fair Value Inputs
Funding Spread	1.23%	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	$ 441	$ 461
Other Secured Financings | Discounted Cash Flow
Fair Value Inputs
Discount Rate	4.00%
Other Secured Financings | Discounted Cash Flow | Minimum
Fair Value Inputs
Discount Rate		4.00%
Funding Spread	1.01%	0.95%
Other Secured Financings | Discounted Cash Flow | Maximum
Fair Value Inputs
Discount Rate		13.00%
Funding Spread	1.26%	1.13%
Other Secured Financings | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount Rate	4.00%	4.00%
Funding Spread	1.14%	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	$ 1,929	$ 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	33.00%	40.00%
Long-term borrowings | Correlation Model | Maximum
Fair Value Inputs
Credit Correlation	61.00%	60.00%
Long-term borrowings | Correlation Model | Weighted Average
Fair Value Inputs
Credit Correlation	44.00%	52.00%
Long-term borrowings | Option Model
Fair Value Inputs
Interest Rate Volatility Skew		50.00%
Interest Rate - Foreign Exchange Correlation	53.00%
Equity volatility discount rate		10.00%
Long-term borrowings | Option Model | Minimum
Fair Value Inputs
At the Money Volatility	6.00%	20.00%
Interest Rate - Credit Spread Correlation	(52.00%)
Volatility Skew	(2.00%)	(1.00%)
Equity - Equity Correlation	50.00%	40.00%
Equity - Foreign Exchange Correlation	(50.00%)	(70.00%)
Interest Rate Curve Correlation	40.00%
Interest Rate - Equity Correlation	7.00%
Long-term borrowings | Option Model | Maximum
Fair Value Inputs
At the Money Volatility	48.00%	50.00%
Interest Rate - Credit Spread Correlation	3.00%
Volatility Skew	0.00%	0.00%
Equity - Equity Correlation	98.00%	97.00%
Equity - Foreign Exchange Correlation	11.00%	(11.00%)
Interest Rate Curve Correlation	87.00%
Interest Rate - Equity Correlation	44.00%
Long-term borrowings | Option Model | Weighted Average
Fair Value Inputs
At the Money Volatility	29.00%	29.00%
Interest Rate Volatility Skew		50.00%
Volatility Skew	(1.00%)	(1.00%)
Equity - Equity Correlation	75.00%	77.00%
Equity - Foreign Exchange Correlation	(25.00%)	(39.00%)
Equity volatility discount rate		10.00%
Long-term borrowings | Option Model | Simple Average
Fair Value Inputs
Interest Rate - Credit Spread Correlation	(24.00%)
Interest Rate - Foreign Exchange Correlation	53.00%
Interest Rate Curve Correlation	73.00%
Interest Rate - Equity Correlation	26.00%
Long-term borrowings | Option Model | Median
Fair Value Inputs
Interest Rate - Credit Spread Correlation	(23.00%)
Interest Rate - Foreign Exchange Correlation	53.00%
Interest Rate Curve Correlation	78.00%
Interest Rate - Equity Correlation	26.00%

Fair Value Disclosures (Fair Va

Fair Value Disclosures (Fair Value of Investments Measured at Net Asset Value) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair Value	$ 3,246	$ 3,843
Commitment	510	670
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,698	1,917
Commitment	395	538
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,228	1,337
Commitment	111	128
Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	320	589
Commitment	$ 4	$ 4

Fair Value Disclosures (Fair 50

Fair Value Disclosures (Fair Value of Equity Fund and Hedge Fund) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 3,246	$ 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)	128
Fair value of investment to be liquidated (5-10 years)	911
Fair value of investment to be liquidated (Over 10 years)	659
Fair Value, Investments	1,698	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)	94
Fair value of investment to be liquidated (5-10 years)	669
Fair value of investment to be liquidated (Over 10 years)	465
Fair Value, Investments	1,228	1,337
Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value, Investments	$ 320	$ 589
Percent of investments redeemable at least quarterly	55.00%
Percent of investments redeemable every six months	20.00%
Percent of investments redeemable greater than six months	19.00%

Fair Value Disclosures (Net Gai

Fair Value Disclosures (Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ 1	$ 3	$ 3	$ 2
Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(2)	0	(4)	0
Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(9)	(2)	36	(42)
Securities Sold under agreements to repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(6)	4	(17)	1
Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1,419)	14	(2,523)	819
Trading | Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1)	(2)	(1)	(3)
Trading | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1)	0	(3)	0
Trading | Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(9)	(2)	36	(42)
Trading | Securities Sold under agreements to repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(3)	6	(12)	4
Trading | Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1,289)	152	(2,254)	1,089
Interest Income (Expense) | Securities purchased under agreements to resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	5	4	5
Interest Income (Expense) | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1)	0	(1)	0
Interest Income (Expense) | Short-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	0	0	0	0
Interest Income (Expense) | Securities Sold under agreements to repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(3)	(2)	(5)	(3)
Interest Income (Expense) | Long-term borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ (130)	$ (138)	$ (269)	$ (270)

Fair Value Disclosures (Short-t

Fair Value Disclosures (Short-term and Long-term Borrowings) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 38,315	$ 34,693
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	19,696	17,789
Interest Rates
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	16,728	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	1,570	2,266
Commodities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 321	$ 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Short-term and Long-term Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ 0	$ 182	$ 41	$ 307
Short-term and Long-term Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	226	0	545	0
Securities sold under agreements to repurchase | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	0	0	0	0
Securities sold under agreements to repurchase | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	(1)	0	3	0
Loans and other debt | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	(14)	(6)	(114)	71
Loans and other debt | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	0	0	0	0
Lending Commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	2	(1)	3	8
Lending Commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ 0	$ 0	$ 0	$ 0

Fair Value Disclosures (Net Dif

Fair Value Disclosures (Net Difference between Contractual Principal Amount and Fair Value) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures
Loans and other debt	$ 15,046	$ 14,095
Loans 90 or more days past due and/or on non-accrual status	12,867	11,651
Short-term and long-term debt borrowings	311	508
Aggregate fair value of loans in non-accrual status including all loans 90 or more days past due	1,717	1,853
Amounts past due 90 days or greater (unpaid principal balance)	$ 514	$ 885

Fair Value Disclosures (Asset55

Fair Value Disclosures (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Assets
Loans	$ 77,283		$ 77,283		$ 72,559
Intangible assets	2,833		2,833		2,984
Other assets	51,526		51,526		51,087
Liabilities
Other liabilities and accrued expenses	14,112		14,112		18,711
Liabilities	750,498		750,498		711,281
Fair Value
Other assets - Other investments	80,293		80,293		71,947
Intangible assets	3		3		$ 5
Nonrecurring
Assets
Loans	6,700	$ 3,244	6,700	$ 3,244
Other assets - Other investments	82	0	82	0
Other assets - Premises, equipment and software costs	0	0	0	0
Total carrying value	6,782	3,244	6,782	3,244
Liabilities
Other liabilities and accrued expenses	402	283	402	283
Liabilities	402	283	402	283
Nonrecurring | Loans
Fair Value
Gains (losses) in fair value adjustment	(34)	47	(131)	8
Nonrecurring | Other Investments
Fair Value
Gains (losses) in fair value adjustment	(38)	0	(40)	(2)
Nonrecurring | Premises, Equipment and Software Costs
Fair Value
Gains (losses) in fair value adjustment	(22)	(2)	(27)	(22)
Nonrecurring | Assets Total
Fair Value
Gains (losses) in fair value adjustment	(94)	45	(198)	(16)
Nonrecurring | Other liabilities and accrued expenses
Fair Value
Gains (losses) in fair value adjustment	13	(45)	24	(48)
Nonrecurring | Liabilities Total
Fair Value
Gains (losses) in fair value adjustment	13	(45)	24	(48)
Nonrecurring | Level 1
Fair Value
Loans	0	0	0	0
Other assets - Other investments	0	0	0	0
Other assets - Premises, equipment and software costs	0	0	0	0
Total assets	0	0	0	0
Other Liabilities and accrued expenses	0	0	0	0
Total liabilities	0	0	0	0
Nonrecurring | Level 2
Fair Value
Loans	4,276	2,458	4,276	2,458
Other assets - Other investments	0	0	0	0
Other assets - Premises, equipment and software costs	0	0	0	0
Total assets	4,276	2,458	4,276	2,458
Other Liabilities and accrued expenses	331	244	331	244
Total liabilities	331	244	331	244
Nonrecurring | Level 3
Fair Value
Loans	2,424	786	2,424	786
Other assets - Other investments	82	0	82	0
Other assets - Premises, equipment and software costs	0	0	0	0
Total assets	2,506	786	2,506	786
Other Liabilities and accrued expenses	71	39	71	39
Total liabilities	$ 71	$ 39	$ 71	$ 39

Fair Value Disclosures (Financi

Fair Value Disclosures (Financial Instruments Not Measured at FV) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Financial Assets:
Cash and due from banks	$ 27,597	$ 19,827	$ 19,145
Interest bearing deposits with banks	28,536	34,256	$ 27,214
Securities purchased under agreements to resell	97,589	87,657
Securities borrowed	131,281	142,416
Customer and other receivables	52,827	45,407
Loans	77,283	72,559
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	32,771	31,469
Financial Liabilities
Deposits	152,693	156,034
Short-term borrowings	880	2,173
Securities sold under agreement to repurchase	50,328	36,692
Securities loaned	17,241	19,358
Other secured financings	9,901	9,464
Customer and other payables	201,189	186,626
Long-term borrowings	163,492	153,768
Additional Disclosures
Lending commitment notional amount	93,800	99,500
lending commitment fair value liability	1,841	2,172
Carrying Value
Financial Assets:
Cash and due from banks	27,597	19,827
Interest bearing deposits with banks	28,536	34,256
Investment securities - HTM securities	12,418	5,224
Securities purchased under agreements to resell	97,034	86,851
Securities borrowed	131,281	142,416
Customer and other receivables	48,910	41,676
Loans	93,165	85,759
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	32,771	31,469
Financial Liabilities
Deposits	152,598	155,909
Short-term borrowings	369	525
Securities sold under agreement to repurchase	49,629	36,009
Securities loaned	17,241	19,358
Other secured financings	6,980	6,610
Customer and other payables	197,978	183,895
Long-term borrowings	125,688	120,723
Fair Value
Financial Assets:
Cash and due from banks	27,597	19,827
Interest bearing deposits with banks	28,536	34,256
Investment securities - HTM securities	12,567	5,188
Securities purchased under agreements to resell	97,042	86,837
Securities borrowed	131,282	142,414
Customer and other receivables	48,815	41,576
Loans	94,151	86,423
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	32,771	31,469
Financial Liabilities
Deposits	152,788	156,163
Short-term borrowings	369	525
Securities sold under agreement to repurchase	49,692	36,060
Securities loaned	17,262	19,382
Other secured financings	6,991	6,610
Customer and other payables	197,978	183,895
Long-term borrowings	127,189	123,219
Fair Value | Level 1
Financial Assets:
Cash and due from banks	27,597	19,827
Interest bearing deposits with banks	28,536	34,256
Investment securities - HTM securities	3,758	998
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	32,771	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
Investment securities - HTM securities	8,809	4,190
Securities purchased under agreements to resell	95,140	86,186
Securities borrowed	131,156	142,266
Customer and other receivables	44,033	36,752
Loans	25,289	19,241
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Financial Liabilities
Deposits	152,788	156,163
Short-term borrowings	369	525
Securities sold under agreement to repurchase	48,033	34,150
Securities loaned	17,262	19,192
Other secured financings	5,596	5,333
Customer and other payables	197,978	183,895
Long-term borrowings	127,189	123,219
Additional Disclosures
lending commitment fair value liability	1,610	1,791
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Investment securities - HTM securities	0	0
Securities purchased under agreements to resell	1,902	651
Securities borrowed	126	148
Customer and other receivables	4,782	4,824
Loans	68,862	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	1,659	1,910
Securities loaned	0	190
Other secured financings	1,395	1,277
Customer and other payables	0	0
Long-term borrowings	0	0
Additional Disclosures
lending commitment fair value liability	$ 231	$ 381

Derivative Instruments and He57

Derivative Instruments and Hedging Activities (Fair Value, Notional and Offsetting of Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative Assets
Total derivatives	$ 614,594	$ 471,578
Cash collateral netting	(60,447)	(51,372)
Counterparty netting	(515,989)	(391,593)
Net amounts presented in the Consolidated Statements of Financial Condition	38,158	28,613
Amounts not offset against financial instruments collateral	(12,011)	(9,190)
Amounts not offset against other cash collateral	(23)	(9)
Net exposure	26,124	19,414
Derivative Liabilities
Total derivatives	593,642	457,350
Cash collateral netting	(40,330)	(36,283)
Counterparty netting	(515,989)	(391,593)
Net amounts presented in the Consolidated Statements of Financial Condition	37,323	29,474
Amounts not offset against financial instruments collateral	(12,023)	(5,789)
Amounts not offset against other cash collateral	(51)	(5)
Net exposure	25,249	23,680
Derivatives, Notional Amount
Derivative assets	15,501,469	14,749,210
Derivative liabilities	14,195,125	14,074,223
Bilateral OTC
Derivative Assets
Total derivatives	414,639	340,573
Cash collateral netting	(60,352)	(50,335)
Counterparty netting	(321,553)	(265,707)
Net amounts presented in the Consolidated Statements of Financial Condition	32,734	24,531
Amounts not offset against financial instruments collateral	(12,011)	(9,190)
Amounts not offset against other cash collateral	(23)	(9)
Net exposure	20,700	15,332
Derivative Liabilities
Total derivatives	393,389	324,671
Cash collateral netting	(38,378)	(33,332)
Counterparty netting	(321,553)	(265,707)
Net amounts presented in the Consolidated Statements of Financial Condition	33,458	25,632
Amounts not offset against financial instruments collateral	(11,509)	(5,384)
Amounts not offset against other cash collateral	(10)	(5)
Net exposure	21,939	20,243
Derivatives, Notional Amount
Derivative assets	6,677,620	7,273,921
Derivative liabilities	6,406,054	6,864,262
Cleared OTC
Derivative Assets
Total derivatives	175,277	106,623
Cash collateral netting	(95)	(1,037)
Counterparty netting	(173,222)	(104,294)
Net amounts presented in the Consolidated Statements of Financial Condition	1,960	1,292
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	1,960	1,292
Derivative Liabilities
Total derivatives	175,454	108,063
Cash collateral netting	(1,952)	(2,951)
Counterparty netting	(173,222)	(104,294)
Net amounts presented in the Consolidated Statements of Financial Condition	280	818
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	(41)	0
Net exposure	239	818
Derivatives, Notional Amount
Derivative assets	6,823,193	5,936,757
Derivative liabilities	6,690,856	5,837,356
Exchange Traded
Derivative Assets
Total derivatives	24,678	24,382
Cash collateral netting	0	0
Counterparty netting	(21,214)	(21,592)
Net amounts presented in the Consolidated Statements of Financial Condition	3,464	2,790
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	3,464	2,790
Derivative Liabilities
Total derivatives	24,799	24,616
Cash collateral netting	0	0
Counterparty netting	(21,214)	(21,592)
Net amounts presented in the Consolidated Statements of Financial Condition	3,585	3,024
Amounts not offset against financial instruments collateral	(514)	(405)
Amounts not offset against other cash collateral	0	0
Net exposure	3,071	2,619
Derivatives, Notional Amount
Derivative assets	2,000,656	1,538,532
Derivative liabilities	1,098,215	1,372,605
Designated as Accounting Hedges
Derivative Assets
Total derivatives	7,211	4,434
Derivative Liabilities
Total derivatives	515	332
Derivatives, Notional Amount
Derivative assets	95,102	78,524
Derivative liabilities	9,069	18,488
Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	3,413	2,991
Derivative Liabilities
Total derivatives	492	76
Derivatives, Notional Amount
Derivative assets	36,798	42,995
Derivative liabilities	8,348	8,164
Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	3,798	1,443
Derivative Liabilities
Total derivatives	23	256
Derivatives, Notional Amount
Derivative assets	58,304	35,529
Derivative liabilities	721	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	7,123	4,267
Derivative Liabilities
Total derivatives	0	270
Derivatives, Notional Amount
Derivative assets	92,248	72,361
Derivative liabilities	32	13,429
Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	3,325	2,825
Derivative Liabilities
Total derivatives	0	20
Derivatives, Notional Amount
Derivative assets	34,003	36,999
Derivative liabilities	0	3,560
Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	3,798	1,442
Derivative Liabilities
Total derivatives	0	250
Derivatives, Notional Amount
Derivative assets	58,245	35,362
Derivative liabilities	32	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	88	167
Derivative Liabilities
Total derivatives	515	62
Derivatives, Notional Amount
Derivative assets	2,854	6,163
Derivative liabilities	9,037	5,059
Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	88	166
Derivative Liabilities
Total derivatives	492	56
Derivatives, Notional Amount
Derivative assets	2,795	5,996
Derivative liabilities	8,348	4,604
Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	0	1
Derivative Liabilities
Total derivatives	23	6
Derivatives, Notional Amount
Derivative assets	59	167
Derivative liabilities	689	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	607,383	467,144
Derivative Liabilities
Total derivatives	593,127	457,018
Derivatives, Notional Amount
Derivative assets	15,406,367	14,670,686
Derivative liabilities	14,186,056	14,055,735
Not Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	411,226	337,582
Derivative Liabilities
Total derivatives	392,897	324,595
Derivatives, Notional Amount
Derivative assets	6,640,822	7,230,926
Derivative liabilities	6,397,706	6,856,098
Not Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	171,479	105,180
Derivative Liabilities
Total derivatives	175,431	107,807
Derivatives, Notional Amount
Derivative assets	6,764,889	5,901,228
Derivative liabilities	6,690,135	5,827,032
Not Designated as Accounting Hedges | Exchange Traded
Derivative Assets
Total derivatives	24,678	24,382
Derivative Liabilities
Total derivatives	24,799	24,616
Derivatives, Notional Amount
Derivative assets	2,000,656	1,538,532
Derivative liabilities	1,098,215	1,372,605
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivative Assets
Total derivatives	456,451	321,777
Derivative Liabilities
Total derivatives	437,766	307,139
Derivatives, Notional Amount
Derivative assets	12,192,069	11,315,172
Derivative liabilities	10,974,102	10,790,071
Not Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	287,757	220,289
Derivative Liabilities
Total derivatives	265,270	203,004
Derivatives, Notional Amount
Derivative assets	3,940,102	4,348,002
Derivative liabilities	3,654,941	4,030,039
Not Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	168,366	101,276
Derivative Liabilities
Total derivatives	172,084	103,852
Derivatives, Notional Amount
Derivative assets	6,615,199	5,748,525
Derivative liabilities	6,558,339	5,682,322
Not Designated as Accounting Hedges | Interest Rate Contracts | Exchange Traded
Derivative Assets
Total derivatives	328	212
Derivative Liabilities
Total derivatives	412	283
Derivatives, Notional Amount
Derivative assets	1,636,768	1,218,645
Derivative liabilities	760,822	1,077,710
Not Designated as Accounting Hedges | Credit Contracts
Derivative Assets
Total derivatives	16,461	22,919
Derivative Liabilities
Total derivatives	17,821	23,665
Derivatives, Notional Amount
Derivative assets	567,515	725,032
Derivative liabilities	605,635	693,415
Not Designated as Accounting Hedges | Credit Contracts | Bilateral OTC
Derivative Assets
Total derivatives	13,734	19,310
Derivative Liabilities
Total derivatives	14,888	19,942
Derivatives, Notional Amount
Derivative assets	434,478	585,731
Derivative liabilities	489,656	562,027
Not Designated as Accounting Hedges | Credit Contracts | Cleared OTC
Derivative Assets
Total derivatives	2,727	3,609
Derivative Liabilities
Total derivatives	2,933	3,723
Derivatives, Notional Amount
Derivative assets	133,037	139,301
Derivative liabilities	115,979	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	76,417	64,788
Derivative Liabilities
Total derivatives	78,110	65,288
Derivatives, Notional Amount
Derivative assets	1,889,300	1,928,407
Derivative liabilities	1,863,900	1,883,992
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	75,891	64,438
Derivative Liabilities
Total derivatives	77,614	65,034
Derivatives, Notional Amount
Derivative assets	1,851,368	1,907,290
Derivative liabilities	1,837,572	1,868,015
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	386	295
Derivative Liabilities
Total derivatives	414	232
Derivatives, Notional Amount
Derivative assets	16,653	13,402
Derivative liabilities	15,817	13,322
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Exchange Traded
Derivative Assets
Total derivatives	140	55
Derivative Liabilities
Total derivatives	82	22
Derivatives, Notional Amount
Derivative assets	21,279	7,715
Derivative liabilities	10,511	2,655
Not Designated as Accounting Hedges | Equity Contracts
Derivative Assets
Total derivatives	42,529	40,289
Derivative Liabilities
Total derivatives	46,549	46,132
Derivatives, Notional Amount
Derivative assets	600,492	546,629
Derivative liabilities	604,611	562,000
Not Designated as Accounting Hedges | Equity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	22,043	20,212
Derivative Liabilities
Total derivatives	25,633	25,708
Derivatives, Notional Amount
Derivative assets	341,039	316,770
Derivative liabilities	342,625	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	20,486	20,077
Derivative Liabilities
Total derivatives	20,916	20,424
Derivatives, Notional Amount
Derivative assets	259,453	229,859
Derivative liabilities	261,986	229,266
Not Designated as Accounting Hedges | Commodity Contracts
Derivative Assets
Total derivatives	15,509	17,152
Derivative Liabilities
Total derivatives	12,779	14,751
Derivatives, Notional Amount
Derivative assets	155,856	149,762
Derivative liabilities	132,991	122,143
Not Designated as Accounting Hedges | Commodity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	11,785	13,114
Derivative Liabilities
Total derivatives	9,390	10,864
Derivatives, Notional Amount
Derivative assets	72,700	67,449
Derivative liabilities	68,095	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	3,724	4,038
Derivative Liabilities
Total derivatives	3,389	3,887
Derivatives, Notional Amount
Derivative assets	83,156	82,313
Derivative liabilities	64,896	62,974
Not Designated as Accounting Hedges | Other Contracts
Derivative Assets
Total derivatives	16	219
Derivative Liabilities
Total derivatives	102	43
Derivatives, Notional Amount
Derivative assets	1,135	5,684
Derivative liabilities	4,817	4,114
Not Designated as Accounting Hedges | Other Contracts | Bilateral OTC
Derivative Assets
Total derivatives	16	219
Derivative Liabilities
Total derivatives	102	43
Derivatives, Notional Amount
Derivative assets	1,135	5,684
Derivative liabilities	4,817	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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Designated as Accounting Hedges | Interest Expense
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	$ (24)	$ (38)	$ (163)	$ (123)
Designated as Accounting Hedges | Interest Expense | Derivatives
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	969	(1,899)	3,119	(1,141)
Designated as Accounting Hedges | Interest Expense | Borrowings
Derivatives
Gains (Losses) on Fair Value Hedges Recognized	(993)	1,861	(3,282)	1,018
Not Designated as Accounting Hedges
Derivatives
Gains (Losses) Recognized in Income	2,746	2,791	4,811	6,316
Debt valuation adjustment	0	182	0	307
Total	2,746	2,973	4,811	6,623
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivatives
Gains (Losses) Recognized in Income	320	355	626	925
Not Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gains (Losses) Recognized in Income	362	170	599	515
Not Designated as Accounting Hedges | Equity security and index contracts
Derivatives
Gains (Losses) Recognized in Income	1,615	1,746	2,945	3,341
Not Designated as Accounting Hedges | Commodity and other contracts
Derivatives
Gains (Losses) Recognized in Income	20	140	(124)	816
Not Designated as Accounting Hedges | Credit Contracts
Derivatives
Gains (Losses) Recognized in Income	429	380	765	719
Net Investment Hedges | Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gain (Losses) Recognized in OCI (effective portion)	(112)	(81)	(336)	181
Gain (loss) recognized in interest income related to amounts excluded from hedge effectiveness testing	$ (19)	$ (36)	$ (39)	$ (80)

Derivative Instruments and He59

Derivative Instruments and Hedging Activities (Fair Value of OTC Derivatives in a Gain Position) (Details) - OTC - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Credit Derivatives
Years to maturity, less than 1	$ 24,088	$ 20,236
Years to maturity, 1 - 3	16,499	17,840
Years to maturity, 3 - 5	12,080	10,582
Years to maturity, over 5	65,875	49,174
Cross-maturity and cash collateral netting	(83,871)	(72,018)
Net exposure post-cash collateral	34,671	25,814
Net exposure post-collateral	22,660	16,624
AAA
Credit Derivatives
Years to maturity, less than 1	137	203
Years to maturity, 1 - 3	396	453
Years to maturity, 3 - 5	1,312	827
Years to maturity, over 5	4,360	3,665
Cross-maturity and cash collateral netting	(4,953)	(4,319)
Net exposure post-cash collateral	1,252	829
Net exposure post-collateral	1,175	715
AA
Credit Derivatives
Years to maturity, less than 1	3,156	2,689
Years to maturity, 1 - 3	1,502	2,000
Years to maturity, 3 - 5	1,814	1,876
Years to maturity, over 5	12,226	9,223
Cross-maturity and cash collateral netting	(12,717)	(10,981)
Net exposure post-cash collateral	5,981	4,807
Net exposure post-collateral	3,771	2,361
A
Credit Derivatives
Years to maturity, less than 1	11,078	9,748
Years to maturity, 1 - 3	7,607	8,191
Years to maturity, 3 - 5	5,336	4,774
Years to maturity, over 5	28,058	20,918
Cross-maturity and cash collateral netting	(38,694)	(34,916)
Net exposure post-cash collateral	13,385	8,715
Net exposure post-collateral	7,784	5,448
BBB
Credit Derivatives
Years to maturity, less than 1	5,794	3,614
Years to maturity, 1 - 3	4,489	4,863
Years to maturity, 3 - 5	2,622	1,948
Years to maturity, over 5	15,861	11,801
Cross-maturity and cash collateral netting	(19,993)	(15,086)
Net exposure post-cash collateral	8,773	7,140
Net exposure post-collateral	6,808	4,934
Non-investment grade
Credit Derivatives
Years to maturity, less than 1	3,923	3,982
Years to maturity, 1 - 3	2,505	2,333
Years to maturity, 3 - 5	996	1,157
Years to maturity, over 5	5,370	3,567
Cross-maturity and cash collateral netting	(7,514)	(6,716)
Net exposure post-cash collateral	5,280	4,323
Net exposure post-collateral	$ 3,122	$ 3,166

Derivative Instruments and He60

Derivative Instruments and Hedging Activities (Credit Risk Related Contingencies) (Details) $ in Millions	Jun. 30, 2016USD ($)
Derivatives
Aggregate fair value of derivative contracts that contain credit-risk-related contingent features that are in a net liability position	$ 28,999
Posted collateral	24,217
Bilateral arrangement
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	1,481
One-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	1,075
Two-notch Downgrade
Derivatives
Amount of additional collateral or termination payments that could be called by counterparties	$ 1,233

Derivative Instruments and He61

Derivative Instruments and Hedging Activities (Credit Derivatives and Other Credit Derivatives) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Protection Sold
Credit Derivatives
Derivative notional amount	$ 567,634	$ 689,979
Credit risk derivative (assets) / liability, fair value	379	761
Protection Sold | Less than 1 Year
Credit Derivatives
Derivative notional amount	211,171	208,713
Protection Sold | 1 - 3 Years
Credit Derivatives
Derivative notional amount	200,984	298,137
Protection Sold | 3 - 5 Years
Credit Derivatives
Derivative notional amount	123,957	149,173
Protection Sold | Over 5 Years
Credit Derivatives
Derivative notional amount	31,522	33,956
Protection Sold | Credit Default Swaps
Credit Derivatives
Derivative notional amount	567,290	689,519
Credit risk derivative (assets) / liability, fair value	396	785
Protection Sold | Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	211,128	208,694
Protection Sold | Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	200,959	298,030
Protection Sold | Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	123,957	149,171
Protection Sold | Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	31,246	33,624
Protection Sold | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	347,624	420,806
Credit risk derivative (assets) / liability, fair value	463	1,980
Protection Sold | Single Name Credit Default Swaps | Investment grade
Credit Derivatives
Derivative notional amount	247,107	299,670
Credit risk derivative (assets) / liability, fair value	(1,079)	(1,831)
Protection Sold | Single Name Credit Default Swaps | Non-investment grade
Credit Derivatives
Derivative notional amount	100,517	121,136
Credit risk derivative (assets) / liability, fair value	1,542	3,811
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	135,104	122,597
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Investment grade
Credit Derivatives
Derivative notional amount	92,734	84,543
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Non-investment grade
Credit Derivatives
Derivative notional amount	42,370	38,054
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	132,696	194,728
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Investment grade
Credit Derivatives
Derivative notional amount	94,348	138,467
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	38,348	56,261
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	67,309	88,186
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	48,928	63,754
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	18,381	24,432
Protection Sold | Single Name Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	12,515	15,295
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	11,097	12,906
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	1,418	2,389
Protection Sold | Total Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	219,666	268,713
Credit risk derivative (assets) / liability, fair value	(67)	(1,195)
Protection Sold | Total Index and Basket Credit Default Swaps | Investment grade
Credit Derivatives
Derivative notional amount	111,005	143,742
Credit risk derivative (assets) / liability, fair value	(1,222)	(1,977)
Protection Sold | Total Index and Basket Credit Default Swaps | Non-investment grade
Credit Derivatives
Derivative notional amount	108,661	124,971
Credit risk derivative (assets) / liability, fair value	1,155	782
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	76,024	86,097
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Investment grade
Credit Derivatives
Derivative notional amount	24,110	33,507
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Non-investment grade
Credit Derivatives
Derivative notional amount	51,914	52,590
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	68,263	103,302
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Investment grade
Credit Derivatives
Derivative notional amount	39,948	59,403
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	28,315	43,899
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	56,648	60,985
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	42,887	45,505
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	13,761	15,480
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	18,731	18,329
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Investment grade
Credit Derivatives
Derivative notional amount	4,060	5,327
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Non-investment grade
Credit Derivatives
Derivative notional amount	14,671	13,002
Protection Sold | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	176,009	199,688
Credit risk derivative (assets) / liability, fair value	726	(102)
Protection Sold | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	43,657	69,025
Credit risk derivative (assets) / liability, fair value	(793)	(1,093)
Protection Sold | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	521,900	619,500
Protection Sold | Other Credit Contracts
Credit Derivatives
Derivative notional amount	344	460
Credit risk derivative (assets) / liability, fair value	(17)	(24)
Protection Sold | Other Credit Contracts | Less than 1 Year
Credit Derivatives
Derivative notional amount	43	19
Protection Sold | Other Credit Contracts | 1 - 3 Years
Credit Derivatives
Derivative notional amount	25	107
Protection Sold | Other Credit Contracts | 3 - 5 Years
Credit Derivatives
Derivative notional amount	0	2
Protection Sold | Other Credit Contracts | Over 5 Years
Credit Derivatives
Derivative notional amount	276	332
Protection Purchased | Credit Default Swaps
Credit Derivatives
Derivative notional amount	605,860	728,928
Credit risk derivative (assets) / liability, fair value	964	(39)
Protection Purchased | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	338,727	405,361
Credit risk derivative (assets) / liability, fair value	(453)	(2,079)
Protection Purchased | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	143,734	173,936
Credit risk derivative (assets) / liability, fair value	(771)	(82)
Protection Purchased | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	123,399	149,631
Credit risk derivative (assets) / liability, fair value	2,188	2,122
Protection Purchased | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	$ 480,100	$ 577,700

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Investment securities
Total Investment securities - Amortized Cost	$ 79,802	$ 72,493
Total Investment securities, Gross unrealized gains	684	44
Total Investment securities, Gross unrealized losses	193	590
Total Investment securities, fair value	80,293	71,947
AFS securities
Total AFS securities, fair value	$ 67,726	$ 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
Available-for-sale Securities, Amortized Cost, total	$ 67,384	$ 67,269
Total AFS securities, Gross unrealized gains	535	43
Total AFS securities, Gross unrealized loss	193	553
Total AFS securities, fair value	67,726	66,759
AFS Debt Securities
AFS securities
AFS debt securities, Amortized Cost, total	67,369	67,254
AFS debt securities, Gross unrealized gains	535	43
AFS debt securities, Gross unrealized losses	185	545
AFS debt securities, Fair value	67,719	66,752
AFS Debt Securities | U.S. Government and Agency Securities
AFS securities
AFS debt securities, Amortized Cost, total	53,144	52,658
AFS debt securities, Gross unrealized gains	421	34
AFS debt securities, Gross unrealized losses	30	299
AFS debt securities, Fair value	53,535	52,393
AFS Debt Securities | U.S. Treasury Securities
AFS securities
AFS debt securities, Amortized Cost, total	29,923	31,555
AFS debt securities, Gross unrealized gains	213	5
AFS debt securities, Gross unrealized losses	8	143
AFS debt securities, Fair value	30,128	31,417
AFS Debt Securities | U.S. Agency Securities
AFS securities
AFS debt securities, Amortized Cost, total	23,221	21,103
AFS debt securities, Gross unrealized gains	208	29
AFS debt securities, Gross unrealized losses	22	156
AFS debt securities, Fair value	23,407	20,976
AFS Debt Securities | Corporate and Other Debt
AFS securities
AFS debt securities, Amortized Cost, total	14,225	14,596
AFS debt securities, Gross unrealized gains	114	9
AFS debt securities, Gross unrealized losses	155	246
AFS debt securities, Fair value	14,184	14,359
AFS Debt Securities | Agency
AFS securities
AFS debt securities, Amortized Cost, total	2,139	1,906
AFS debt securities, Gross unrealized gains	5	1
AFS debt securities, Gross unrealized losses	31	60
AFS debt securities, Fair value	2,113	1,847
AFS Debt Securities | Non-Agency
AFS securities
AFS debt securities, Amortized Cost, total	2,159	2,220
AFS debt securities, Gross unrealized gains	36	3
AFS debt securities, Gross unrealized losses	10	25
AFS debt securities, Fair value	2,185	2,198
AFS Debt Securities | Auto Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized Cost, total	2,071	2,556
AFS debt securities, Gross unrealized gains	7	0
AFS debt securities, Gross unrealized losses	0	9
AFS debt securities, Fair value	2,078	2,547
AFS Debt Securities | Corporate Bonds
AFS securities
AFS debt securities, Amortized Cost, total	4,009	3,780
AFS debt securities, Gross unrealized gains	66	5
AFS debt securities, Gross unrealized losses	2	30
AFS debt securities, Fair value	4,073	3,755
AFS Debt Securities | Collateralized Loan Obligations
AFS securities
AFS debt securities, Amortized Cost, total	502	502
AFS debt securities, Gross unrealized gains	0	0
AFS debt securities, Gross unrealized losses	7	7
AFS debt securities, Fair value	495	495
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
AFS securities
AFS debt securities, Amortized Cost, total	3,345	3,632
AFS debt securities, Gross unrealized gains	0	0
AFS debt securities, Gross unrealized losses	105	115
AFS debt securities, Fair value	3,240	3,517
AFS Equity Securities
AFS securities
AFS equity securities, Amortized cost, total	15	15
AFS equity securities, Gross unrealized gains	0	0
AFS equity securities, Gross unrealized losses	8	8
AFS equity securities, Fair value	7	7
HTM securities
HTM securities:
HTM securities, amortized cost, total	12,418	5,224
HTM - Gross Unrealized Gains	149	1
HTM - Gross Unrealized Losses	0	37
HTM - Fair Value	12,567	5,188
HTM securities | U.S. Treasury Securities
HTM securities:
HTM securities, amortized cost, total	3,705	1,001
HTM - Gross Unrealized Gains	53	0
HTM - Gross Unrealized Losses	0	3
HTM - Fair Value	3,758	998
HTM securities | U.S. Agency Securities
HTM securities:
HTM securities, amortized cost, total	8,713	4,223
HTM - Gross Unrealized Gains	96	1
HTM - Gross Unrealized Losses	0	34
HTM - Fair Value	$ 8,809	$ 4,190

Investment Securities (Schedu63

Investment Securities (Schedule of Investment Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Investment Securities
Investment securities - Fair Value, Less than 12 Months	$ 9,923	$ 54,185
Investment securities - Fair Value, 12 Months or Longer	6,541	6,021
Investment securities - Fair Value, Total	16,464	60,206
Investment securities - Gross Unrealized Loss, Less than 12 Months	39	481
Investment Securities Continuous Unrealized Loss Position 12 Months Or Longer Aggregate Loss	154	109
Investment securities - Gross Unrealized Loss, Total	193	590
AFS securities
Investment Securities
AFS - Fair Value, Less than 12 Months	9,851	49,610
AFS - Fair Value, 12 Months or Longer	6,541	6,021
AFS - Fair Value, Total	16,392	55,631
AFS - Gross Unrealized Losses, Less than 12 Months	39	444
AFS - Gross Unrealized Losses, 12 Months or Longer	154	109
AFS - Gross Unrealized Losses, Total	193	553
AFS Debt Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	9,844	49,603
AFS - Fair Value, 12 Months or Longer	6,541	6,021
AFS - Fair Value, Total	16,385	55,624
AFS - Gross Unrealized Losses, Less than 12 Months	31	436
AFS - Gross Unrealized Losses, 12 Months or Longer	154	109
AFS - Gross Unrealized Losses, Total	185	545
AFS Debt Securities | U.S. Government and Agency Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	8,759	40,236
AFS - Fair Value, 12 Months or Longer	1,225	2,816
AFS - Fair Value, Total	9,984	43,052
AFS - Gross Unrealized Losses, Less than 12 Months	18	261
AFS - Gross Unrealized Losses, 12 Months or Longer	12	38
AFS - Gross Unrealized Losses, Total	30	299
AFS Debt Securities | U.S. Treasury Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	3,028	25,994
AFS - Fair Value, 12 Months or Longer	0	2,177
AFS - Fair Value, Total	3,028	28,171
AFS - Gross Unrealized Losses, Less than 12 Months	8	126
AFS - Gross Unrealized Losses, 12 Months or Longer	0	17
AFS - Gross Unrealized Losses, Total	8	143
AFS Debt Securities | U.S. Agency Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	5,731	14,242
AFS - Fair Value, 12 Months or Longer	1,225	639
AFS - Fair Value, Total	6,956	14,881
AFS - Gross Unrealized Losses, Less than 12 Months	10	135
AFS - Gross Unrealized Losses, 12 Months or Longer	12	21
AFS - Gross Unrealized Losses, Total	22	156
AFS Debt Securities | Corporate and Other Debt
Investment Securities
AFS - Fair Value, Less than 12 Months	1,085	9,367
AFS - Fair Value, 12 Months or Longer	5,316	3,205
AFS - Fair Value, Total	6,401	12,572
AFS - Gross Unrealized Losses, Less than 12 Months	13	175
AFS - Gross Unrealized Losses, 12 Months or Longer	142	71
AFS - Gross Unrealized Losses, Total	155	246
AFS Debt Securities | Agency
Investment Securities
AFS - Fair Value, Less than 12 Months	31	1,185
AFS - Fair Value, 12 Months or Longer	1,181	422
AFS - Fair Value, Total	1,212	1,607
AFS - Gross Unrealized Losses, Less than 12 Months	0	44
AFS - Gross Unrealized Losses, 12 Months or Longer	31	16
AFS - Gross Unrealized Losses, Total	31	60
AFS Debt Securities | Non-Agency
Investment Securities
AFS - Fair Value, Less than 12 Months	216	1,479
AFS - Fair Value, 12 Months or Longer	625	305
AFS - Fair Value, Total	841	1,784
AFS - Gross Unrealized Losses, Less than 12 Months	0	21
AFS - Gross Unrealized Losses, 12 Months or Longer	10	4
AFS - Gross Unrealized Losses, Total	10	25
AFS Debt Securities | Auto Loan Asset-backed Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	83	1,644
AFS - Fair Value, 12 Months or Longer	204	881
AFS - Fair Value, Total	287	2,525
AFS - Gross Unrealized Losses, Less than 12 Months	0	7
AFS - Gross Unrealized Losses, 12 Months or Longer	0	2
AFS - Gross Unrealized Losses, Total	0	9
AFS Debt Securities | Corporate Bonds
Investment Securities
AFS - Fair Value, Less than 12 Months	172	2,149
AFS - Fair Value, 12 Months or Longer	175	525
AFS - Fair Value, Total	347	2,674
AFS - Gross Unrealized Losses, Less than 12 Months	1	19
AFS - Gross Unrealized Losses, 12 Months or Longer	1	11
AFS - Gross Unrealized Losses, Total	2	30
AFS Debt Securities | Collateralized Loan Obligations
Investment Securities
AFS - Fair Value, Less than 12 Months	0	352
AFS - Fair Value, 12 Months or Longer	494	143
AFS - Fair Value, Total	494	495
AFS - Gross Unrealized Losses, Less than 12 Months	0	5
AFS - Gross Unrealized Losses, 12 Months or Longer	7	2
AFS - Gross Unrealized Losses, Total	7	7
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	583	2,558
AFS - Fair Value, 12 Months or Longer	2,637	929
AFS - Fair Value, Total	3,220	3,487
AFS - Gross Unrealized Losses, Less than 12 Months	12	79
AFS - Gross Unrealized Losses, 12 Months or Longer	93	36
AFS - Gross Unrealized Losses, Total	105	115
AFS Equity Securities
Investment Securities
AFS - Fair Value, Less than 12 Months	7	7
AFS - Fair Value, 12 Months or Longer	0	0
AFS - Fair Value, Total	7	7
AFS - Gross Unrealized Losses, Less than 12 Months	8	8
AFS - Gross Unrealized Losses, 12 Months or Longer	0	0
AFS - Gross Unrealized Losses, Total	8	8
HTM securities
Investment Securities
HTM - Fair Value, Less than 12 Months	72	4,575
HTM - Fair Value, 12 Months or Longer	0	0
HTM - Fair Value, Total	72	4,575
HTM - Gross Unrealized Losses, Less than 12 Months	0	37
HTM - Gross Unrealized Losses, 12 Months or Longer	0	0
HTM - Gross Unrealized Losses, Total	0	37
HTM securities | U.S. Treasury Securities
Investment Securities
HTM - Fair Value, Less than 12 Months		898
HTM - Fair Value, 12 Months or Longer		0
HTM - Fair Value, Total		898
HTM - Gross Unrealized Losses, Less than 12 Months		3
HTM - Gross Unrealized Losses, 12 Months or Longer		0
HTM - Gross Unrealized Losses, Total		3
HTM securities | U.S. Agency Securities
Investment Securities
HTM - Fair Value, Less than 12 Months	72	3,677
HTM - Fair Value, 12 Months or Longer	0	0
HTM - Fair Value, Total	72	3,677
HTM - Gross Unrealized Losses, Less than 12 Months	0	34
HTM - Gross Unrealized Losses, 12 Months or Longer	0	0
HTM - Gross Unrealized Losses, Total	$ 0	$ 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	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Amortized Cost
Total Investment securities - Amortized Cost	$ 79,802	$ 72,493
Fair Value
Available-for-sale Securities, Total	67,726	66,759
Investment securities, fair value	$ 80,293	71,947
Annualized Average Yield
Total Investment securities, Annualized average yield	1.40%
AFS securities
Amortized Cost
Available-for-sale Securities, Amortized Cost, total	$ 67,384	67,269
Fair Value
Available-for-sale Securities, Total	$ 67,726	66,759
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities
Amortized Cost
AFS debt securities, Amortized Cost, total	$ 67,369	67,254
Fair Value
AFS debt securities, Fair value, total	$ 67,719	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	$ 53,144	52,658
Fair Value
AFS debt securities, Fair value, total	$ 53,535	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	$ 2,698
AFS debt securities, amortized cost, after 1 year through 5 years	22,137
AFS debt securities, Amortized cost, after 5 years through 10 years	5,088
AFS debt securities, Amortized Cost, total	29,923	31,555
Fair Value
AFS debt securities, due within 1 year	2,702
AFS debt securities, after 1 year through 5 years	22,317
AFS debt securities, after 5 years through 10 years	5,109
AFS debt securities, Fair value, total	$ 30,128	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	1.40%
AFS Debt Securities | U.S. Agency Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 200
AFS debt securities, amortized cost, after 1 year through 5 years	2,629
AFS debt securities, Amortized cost, after 5 years through 10 years	1,327
AFS debt securities, amortized cost, after 10 years	19,065
AFS debt securities, Amortized Cost, total	23,221	21,103
Fair Value
AFS debt securities, due within 1 year	200
AFS debt securities, after 1 year through 5 years	2,632
AFS debt securities, after 5 years through 10 years	1,357
AFS debt securities, after 10 years	19,218
AFS debt securities, Fair value, total	$ 23,407	20,976
Annualized Average Yield
Annualized average yield, due within 1 year	0.70%
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	1.60%
AFS Debt Securities | Corporate and Other Debt
Amortized Cost
AFS debt securities, Amortized Cost, total	$ 14,225	14,596
Fair Value
AFS debt securities, Fair value, total	$ 14,184	14,359
Annualized Average Yield
Annualized average yield, total	1.50%
AFS Debt Securities | Agency
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 73
AFS debt securities, amortized cost, after 1 year through 5 years	404
AFS debt securities, Amortized cost, after 5 years through 10 years	639
AFS debt securities, amortized cost, after 10 years	1,023
AFS debt securities, Amortized Cost, total	2,139	1,906
Fair Value
AFS debt securities, due within 1 year	74
AFS debt securities, after 1 year through 5 years	406
AFS debt securities, after 5 years through 10 years	641
AFS debt securities, after 10 years	992
AFS debt securities, Fair value, total	$ 2,113	1,847
Annualized Average Yield
Annualized average yield, due within 1 year	0.80%
Annualized average yield, after 1 year through 5 years	1.00%
Annualized average yield, after 5 years through 10 years	1.30%
Annualized average yield, after 10 years	1.60%
AFS Debt Securities | Non-Agency
Amortized Cost
AFS debt securities, amortized cost, after 10 years	$ 2,159
AFS debt securities, Amortized Cost, total	2,159	2,220
Fair Value
AFS debt securities, after 10 years	2,185
AFS debt securities, Fair value, total	$ 2,185	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	$ 4
AFS debt securities, amortized cost, after 1 year through 5 years	1,902
AFS debt securities, Amortized cost, after 5 years through 10 years	165
AFS debt securities, Amortized Cost, total	2,071	2,556
Fair Value
AFS debt securities, due within 1 year	4
AFS debt securities, after 1 year through 5 years	1,909
AFS debt securities, after 5 years through 10 years	165
AFS debt securities, Fair value, total	$ 2,078	2,547
Annualized Average Yield
Annualized average yield, due within 1 year	0.90%
Annualized average yield, after 1 year through 5 years	1.30%
Annualized average yield, after 5 years through 10 years	1.60%
AFS Debt Securities | Corporate Bonds
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 638
AFS debt securities, amortized cost, after 1 year through 5 years	2,655
AFS debt securities, Amortized cost, after 5 years through 10 years	716
AFS debt securities, Amortized Cost, total	4,009	3,780
Fair Value
AFS debt securities, due within 1 year	640
AFS debt securities, after 1 year through 5 years	2,695
AFS debt securities, after 5 years through 10 years	738
AFS debt securities, Fair value, total	$ 4,073	3,755
Annualized Average Yield
Annualized average yield, due within 1 year	1.30%
Annualized average yield, after 1 year through 5 years	1.80%
Annualized average yield, after 5 years through 10 years	2.60%
AFS Debt Securities | Collateralized Loan Obligations
Amortized Cost
AFS debt securities, Amortized cost, after 5 years through 10 years	$ 502
AFS debt securities, Amortized Cost, total	502	502
Fair Value
AFS debt securities, after 5 years through 10 years	495
AFS debt securities, Fair value, total	$ 495	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	$ 59
AFS debt securities, Amortized cost, after 5 years through 10 years	922
AFS debt securities, amortized cost, after 10 years	2,364
AFS debt securities, Amortized Cost, total	3,345	3,632
Fair Value
AFS debt securities, after 1 year through 5 years	59
AFS debt securities, after 5 years through 10 years	897
AFS debt securities, after 10 years	2,284
AFS debt securities, Fair value, total	$ 3,240	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	$ 7	7
Annualized Average Yield
Annualized average yield, total	0.00%
HTM securities
Amortized Cost
HTM securities, amortized cost, total	$ 12,418	5,224
Fair Value
HTM securities, Fair value, total	$ 12,567	5,188
Annualized Average Yield
HTM securities, Annualized average yield, total	1.80%
HTM securities | U.S. Treasury Securities
Amortized Cost
HTM securities, amortized cost, due within 1 year	$ 200
HTM securities, amortized cost, after 1 year through 5 years	1,408
HTM securities, amortized cost, after 5 year through 10 years	1,693
HTM securities, amortized cost, after 10 years	404
HTM securities, amortized cost, total	3,705	1,001
Fair Value
HTM securities, due within 1 year	201
HTM securities, after 1 year through 5 years	1,422
HTM securities, after 5 years through 10 years	1,719
HTM securities, after 10 years	416
HTM securities, Fair value, total	$ 3,758	998
Annualized Average Yield
HTM securities, Annualized average yield, due within 1 year	0.70%
HTM securities, Annualized average yield, after 1 years through 5 years	1.10%
HTM securities, Annualized average yield, after 5 years through 10 years	1.70%
HTM securities, Annualized average yield, after 10 year	2.50%
HTM securities | U.S. Agency Securities
Amortized Cost
HTM securities, amortized cost, after 10 years	$ 8,713
HTM securities, amortized cost, total	8,713	4,223
Fair Value
HTM securities, after 10 years	8,809
HTM securities, Fair value, total	$ 8,809	$ 4,190
Annualized Average Yield
HTM securities, Annualized average yield, after 10 year	2.00%

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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Available-for-sale Securities [Abstract]
Gross realized gains	$ 71	$ 40	$ 85	$ 69
Gross realized (losses)	(1)	(10)	(3)	(14)
Total	$ 70	$ 30	$ 82	$ 55

Collateralized Transactions (Na

Collateralized Transactions (Narrative) (Details) - USD ($) $ in Billions	Jun. 30, 2016	Dec. 31, 2015
Collateralized Agreements
Customer margin loans outstanding	$ 23.2	$ 25.3
Fair value of financial instruments received as collateral where the Company is permitted to sell or repledge the securities	528	522.6
Fair value of financial instruments received as collateral where the Company has sold or repledged	407	398.1
Trading assets	$ 41.1	$ 35

Collateralized Transactions (Ba

Collateralized Transactions (Balance Sheet Offsetting) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Securities Purchased under Agreements to Resell
Gross Amounts	$ 162,813	$ 135,714
Amounts Offset	(65,224)	(48,057)
Net Amounts Presented	97,589	87,657
Amounts Not Offset	(91,746)	(84,752)
Net Exposure	5,843	2,905
Securities Borrowed
Gross Amounts	138,436	147,445
Amounts Offset	(7,155)	(5,029)
Net Amounts Presented	131,281	142,416
Amounts Not Offset	(124,773)	(134,250)
Net Exposure	6,508	8,166
Securities Sold under Agreements to Repurchase
Gross Amounts	115,552	84,749
Amounts Offset	(65,224)	(48,057)
Net Amounts presented	50,328	36,692
Amounts Not Offset	(42,541)	(31,604)
Net Exposure	7,787	5,088
Securities Loaned
Gross Amounts	24,396	24,387
Amounts Offset	(7,155)	(5,029)
Net Amounts Presented	17,241	19,358
Amounts Not Offset	(16,724)	(18,881)
Net Exposure	517	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	5,500	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	3,700	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	7,200	$ 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	$ 400

Collateralized Transactions (Se

Collateralized Transactions (Secured Financing Transactions) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Securities Financing Transaction
Securities sold under agreements to repurchase	$ 115,552	$ 84,749
Securities loaned	24,396	24,387
Gross amount of secured financing included in the above offseting disclosure	139,948	109,136
Obligation to return securities received as collateral	18,738	19,316
Total	158,686	128,452
U.S. Government and Agency Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	39,920	36,609
Securities loaned	182	0
State And Municipal Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	2,104	173
Other Sovereign Government Obligations
Securities Financing Transaction
Securities sold under agreements to repurchase	42,329	24,820
Securities loaned	7,454	7,336
Asset-backed Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	745	441
Corporate and Other Debt
Securities Financing Transaction
Securities sold under agreements to repurchase	8,638	4,020
Securities loaned	123	71
Obligation to return securities received as collateral	0	3
Corporate Equities
Securities Financing Transaction
Securities sold under agreements to repurchase	21,515	18,473
Securities loaned	16,602	16,972
Obligation to return securities received as collateral	18,737	19,313
Other
Securities Financing Transaction
Securities sold under agreements to repurchase	301	213
Securities loaned	35	8
Obligation to return securities received as collateral	1	0
Overnight and Open
Securities Financing Transaction
Securities sold under agreements to repurchase	38,732	20,410
Securities loaned	13,085	12,247
Gross amount of secured financing included in the above offseting disclosure	51,817	32,657
Obligation to return securities received as collateral	18,738	19,316
Total	70,555	51,973
Less than 30 days
Securities Financing Transaction
Securities sold under agreements to repurchase	30,586	25,245
Securities loaned	50	478
Gross amount of secured financing included in the above offseting disclosure	30,636	25,723
Obligation to return securities received as collateral	0	0
Total	30,636	25,723
30-90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	20,309	13,221
Securities loaned	1,336	2,156
Gross amount of secured financing included in the above offseting disclosure	21,645	15,377
Obligation to return securities received as collateral	0	0
Total	21,645	15,377
Over 90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	25,925	25,873
Securities loaned	9,925	9,506
Gross amount of secured financing included in the above offseting disclosure	35,850	35,379
Obligation to return securities received as collateral	0	0
Total	$ 35,850	$ 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	Jun. 30, 2016	Dec. 31, 2015
Collateralized Transactions
Securities	$ 23,710	$ 14,390
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	32,771	31,469
Total	$ 56,481	$ 45,859

Loans and Allowance for Credi70

Loans and Allowance for Credit Losses (Outstanding Loans and Credit Quality) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans Held for Investments
Loans held for investments, gross	$ 77,606	$ 72,784	$ 66,593
Allowance for loan losses	(323)	(225)	(169)	$ (149)
Loans held for investment, net	77,283	72,559
Loans Held for Sale
Loans held for sale, gross	15,882	13,200
Loans held for sale, net	15,882	13,200
Total Loans
Total loans, gross	93,488	85,984
Allowance for loan losses	(323)	(225)
Total loans, net	93,165	85,759
Total loans, net of allowance, made to foreign borrowers	8,104	9,789
Loans at fixed interest rate	10,102	8,471
Loans at floating or adjustable interest rate	83,063	77,288
Pass
Loans Held for Investments
Loans held for investments, gross	75,338	71,235
Special Mention
Loans Held for Investments
Loans held for investments, gross	763	300
Substandard
Loans Held for Investments
Loans held for investments, gross	1,349	1,237
Doubtful
Loans Held for Investments
Loans held for investments, gross	156	12
Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Corporate
Loans Held for Investments
Loans held for investments, gross	24,186	23,554	22,500
Allowance for loan losses	(252)	(166)	(135)	(118)
Loans Held for Sale
Loans held for sale, gross	14,448	11,924
Total Loans
Total loans, gross	38,634	35,478
Corporate | Pass
Loans Held for Investments
Loans held for investments, gross	22,183	22,040
Corporate | Special Mention
Loans Held for Investments
Loans held for investments, gross	539	300
Corporate | Substandard
Loans Held for Investments
Loans held for investments, gross	1,308	1,202
Corporate | Doubtful
Loans Held for Investments
Loans held for investments, gross	156	12
Corporate | Loss
Loans Held for Investments
Loans held for investments, gross	0	0
Consumer
Loans Held for Investments
Loans held for investments, gross	23,337	21,528	19,464
Allowance for loan losses	(4)	(5)	(2)	(2)
Loans Held for Sale
Loans held for sale, gross	0	0
Total Loans
Total loans, gross	23,337	21,528
Consumer | Pass
Loans Held for Investments
Loans held for investments, gross	23,337	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	22,668	20,863	18,241
Allowance for loan losses	(18)	(17)	(9)	(8)
Loans Held for Sale
Loans held for sale, gross	84	104
Total Loans
Total loans, gross	22,752	20,967
Residential Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	22,627	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	41	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	7,415	6,839	6,388
Allowance for loan losses	(49)	(37)	$ (23)	$ (21)
Loans Held for Sale
Loans held for sale, gross	1,350	1,172
Total Loans
Total loans, gross	8,765	8,011
Wholesale Real Estate | Pass
Loans Held for Investments
Loans held for investments, gross	7,191	6,839
Wholesale Real Estate | Special Mention
Loans Held for Investments
Loans held for investments, gross	224	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	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Impaired Loans
Impaired loans with allowance	$ 244	$ 39
Impaired loans without allowance	368	106
Impaired loans unpaid principal balance	625	149
Impaired loans	612	145
Past due 90 days loans and on nonaccrual	21	22
Allowance for loan losses	323	225	$ 169	$ 149
Troubled Debt Restructuring
Allowance of TDR	12.1	5.1
Americas
Impaired Loans
Impaired loans	589	108
Past due 90 days loans and on nonaccrual	21	22
Allowance for loan losses	277	183
EMEA
Impaired Loans
Impaired loans	23	12
Past due 90 days loans and on nonaccrual	0	0
Allowance for loan losses	43	34
Asia-Pacific
Impaired Loans
Impaired loans	0	25
Past due 90 days loans and on nonaccrual	0	0
Allowance for loan losses	3	8
Loans and other debt
Troubled Debt Restructuring
Troubled Debt Restructuring	137.2	44
Lending commitments
Troubled Debt Restructuring
Troubled Debt Restructuring	$ 18.7	$ 34.8

Loans and Allowance for Credi72

Loans and Allowance for Credit Losses (Loans and Lending-related Commitments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Allowance for loan losses rollforward
Beginning balance			$ 225	$ 149
Gross charge-offs			0	(1)
Gross recoveries			0	1
Net recoveries/ (charge-offs)			0	0
Provision for (release of) loan losses	$ 16	$ 4	128	30
Other			(30)	(10)
Ending balance	323	169	323	169
Loans, additional information
Allowance, inherent	218	164	218	164
Allowance, specific	105	5	105	5
Loans, inherent	76,994	66,545	76,994	66,545
Loans, specific	612	48	612	48
Total Loans	77,606	66,593	77,606	66,593	$ 72,784
Allowance for lending-related commitments rollforward
Beginning balance			185	149
Provision for lending-related commitments	(13)	(29)	3	8
Other			(1)
Ending balance	187	157	187	157
Lending-related commitments, additional information
Allowance, inherent	179	157	179	157
Allowance, specific	8	0	8	0
Lending-related commitments, inherent	69,207	70,330	69,207	70,330
Lending-related commitments, specific	64	0	64	0
Total lending-related commitments evaluated for impairment	69,271	70,330	69,271	70,330
Corporate
Allowance for loan losses rollforward
Beginning balance			166	118
Gross charge-offs			0	0
Gross recoveries			0	1
Net recoveries/ (charge-offs)			0	1
Provision for (release of) loan losses			116	26
Other			(30)	(10)
Ending balance	252	135	252	135
Loans, additional information
Allowance, inherent	147	130	147	130
Allowance, specific	105	5	105	5
Loans, inherent	23,604	22,479	23,604	22,479
Loans, specific	582	21	582	21
Total Loans	24,186	22,500	24,186	22,500	23,554
Allowance for lending-related commitments rollforward
Beginning balance			180	147
Provision for lending-related commitments			1	6
Other			0
Ending balance	181	153	181	153
Lending-related commitments, additional information
Allowance, inherent	173	153	173	153
Allowance, specific	8	0	8	0
Lending-related commitments, inherent	63,120	65,183	63,120	65,183
Lending-related commitments, specific	64	0	64	0
Total lending-related commitments evaluated for impairment	63,184	65,183	63,184	65,183
Consumer
Allowance for loan losses rollforward
Beginning balance			5	2
Gross charge-offs			0	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	4	2
Loans, additional information
Allowance, inherent	4	2	4	2
Allowance, specific	0	0	0	0
Loans, inherent	23,337	19,464	23,337	19,464
Loans, specific	0	0	0	0
Total Loans	23,337	19,464	23,337	19,464	21,528
Allowance for lending-related commitments rollforward
Beginning balance			1	0
Provision for lending-related commitments			0	0
Other			(1)
Ending balance	0	0	0	0
Lending-related commitments, additional information
Allowance, inherent	0	0	0	0
Allowance, specific	0	0	0	0
Lending-related commitments, inherent	5,264	4,235	5,264	4,235
Lending-related commitments, specific	0	0	0	0
Total lending-related commitments evaluated for impairment	5,264	4,235	5,264	4,235
Residential Real Estate
Allowance for loan losses rollforward
Beginning balance			17	8
Gross charge-offs			0	(1)
Gross recoveries			0	0
Net recoveries/ (charge-offs)			0	(1)
Provision for (release of) loan losses			1	2
Other			0	0
Ending balance	18	9	18	9
Loans, additional information
Allowance, inherent	18	9	18	9
Allowance, specific	0	0	0	0
Loans, inherent	22,638	18,214	22,638	18,214
Loans, specific	30	27	30	27
Total Loans	22,668	18,241	22,668	18,241	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	0	0
Lending-related commitments, additional information
Allowance, inherent	0	0	0	0
Allowance, specific	0	0	0	0
Lending-related commitments, inherent	327	289	327	289
Lending-related commitments, specific	0	0	0	0
Total lending-related commitments evaluated for impairment	327	289	327	289
Wholesale Real Estate
Allowance for loan losses rollforward
Beginning balance			37	21
Gross charge-offs			0	0
Gross recoveries			0	0
Net recoveries/ (charge-offs)			0	0
Provision for (release of) loan losses			12	2
Other			0	0
Ending balance	49	23	49	23
Loans, additional information
Allowance, inherent	49	23	49	23
Allowance, specific	0	0	0	0
Loans, inherent	7,415	6,388	7,415	6,388
Loans, specific	0	0	0	0
Total Loans	7,415	6,388	7,415	6,388	$ 6,839
Allowance for lending-related commitments rollforward
Beginning balance			4	2
Provision for lending-related commitments			2	2
Other			0
Ending balance	6	4	6	4
Lending-related commitments, additional information
Allowance, inherent	6	4	6	4
Allowance, specific	0	0	0	0
Lending-related commitments, inherent	496	623	496	623
Lending-related commitments, specific	0	0	0	0
Total lending-related commitments evaluated for impairment	$ 496	$ 623	$ 496	$ 623

Loans and Allowance for Credi73

Loans and Allowance for Credit Losses (Employee Loans) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Employee Loans
Employee loans outstanding	$ 4,877	$ 4,923
Allowance for employee loans	$ 100	$ 108
Employee Retainment and Recruitment Program | Minimum
Employee Loans
Employee loan repayment terms	1 year
Employee Retainment and Recruitment Program | Maximum
Employee Loans
Employee loan repayment terms	12 years

Equity Method Investments (Narr

Equity Method Investments (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Equity Method Investments
Equity method investment	$ 3,235		$ 3,235		$ 3,144
Income (loss) from equity method investments	(14)	$ 45	1	$ 83
MUMSS
Equity Method Investments
Income (loss) from equity method investments	$ 23	$ 71	$ 57	140
Payments of Dividends by Joint Venture				291
Dividends received from equity method investment				$ 116
MUMSS | MUFG
Equity Method Investments
Voting interest held by noncontrolling interest	60.00%	60.00%	60.00%	60.00%

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Deposits [Abstract]
Savings and demand deposits	$ 151,014	$ 153,346
Time deposits	1,679	2,688
Total	152,693	$ 156,034
Maturities of Interest-bearing Deposits
Savings deposits payable upon demand	151,008
Time deposits maturing in 2016	1,043
Time deposits maturing in 2017	578
Time deposits maturing in 2018	$ 11

Long-Term Borrowings and Othe76

Long-Term Borrowings and Other Secured Financings (Other Narratives) (Details) - USD ($) $ in Billions	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Long-term Borrowings
Notes issued, principal amount	$ 20.6	$ 22.9
Notes matured or retired	$ 15.9	$ 13
Weighted average maturity of long-term borrowings	6 years 4 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	Jun. 30, 2016	Dec. 31, 2015
Components of Long-term Borrowings
Senior debt	$ 149,519	$ 140,494
Subordinated debt	11,120	10,404
Junior subordinated debentures	2,853	2,870
Total	$ 163,492	$ 153,768

Long-Term Borrowings and Othe78

Long-Term Borrowings and Other Secured Financings (Other Secured Financings) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Components of other secured financings
Secured financings with original maturities greater than one year	$ 8,159	$ 7,629
Secured financings with original maturities one year or less	1,444	1,435
Failed sales	298	400
Total other secured financings	$ 9,901	$ 9,464

Commitments, Guarantees and C79

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

Jun. 25, 2016

Jan. 25, 2011

Jul. 15, 2010

Jun. 30, 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

258

Mortgage pass through certificate backed by securitization trusts original amount

$ 644

Mortgage pass through certificate backed by securitization trusts unpaid amount

$ 258

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	Jun. 30, 2016USD ($)
Commitment, Fiscal Year Maturity
Less than 1	$ 91,797
1-3 years	24,812
3-5 years	47,489
Over 5 years	2,142
Total	166,240
Letters of Credit and Other Financial Guarantees Obtained to Satisfy Collateral Requirements
Commitment, Fiscal Year Maturity
Less than 1	125
1-3 years	0
3-5 years	1
Over 5 years	42
Total	168
Investment Activities
Commitment, Fiscal Year Maturity
Less than 1	598
1-3 years	93
3-5 years	16
Over 5 years	290
Total	997
Lending Commitments | Corporate
Commitment, Fiscal Year Maturity
Less than 1	15,625
1-3 years	24,405
3-5 years	47,248
Over 5 years	1,501
Total	88,779
Commitments participated to third parties	3,900
Lending Commitments | Consumer
Commitment, Fiscal Year Maturity
Less than 1	5,255
1-3 years	5
3-5 years	0
Over 5 years	4
Total	5,264
Lending Commitments | Residential real estate
Commitment, Fiscal Year Maturity
Less than 1	52
1-3 years	43
3-5 years	87
Over 5 years	236
Total	418
Lending Commitments | Wholesale real estate
Commitment, Fiscal Year Maturity
Less than 1	127
1-3 years	266
3-5 years	137
Over 5 years	69
Total	599
Forward Starting Reverse Repurchase Agreements and Securities Borrowing Agreements
Commitment, Fiscal Year Maturity
Less than 1	69,990
1-3 years	0
3-5 years	0
Over 5 years	0
Total	69,990
Commitments due in the next three business days	59,700
Underwriting Commitments
Commitment, Fiscal Year Maturity
Less than 1	25
1-3 years	0
3-5 years	0
Over 5 years	0
Total	$ 25

Commitments, Guarantees and C81

Commitments, Guarantees and Contingencies (Obligations under Guarantee Arrangements) (Details) $ in Millions	Jun. 30, 2016USD ($)
Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	$ 567,290
Carrying Amount (Asset)/Liability	396
Collateral/Recourse	0
Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	344
Carrying Amount (Asset)/Liability	(17)
Collateral/Recourse	0
Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	2,556,379
Carrying Amount (Asset)/Liability	81,420
Collateral/Recourse	0
Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	9,032
Carrying Amount (Asset)/Liability	(123)
Collateral/Recourse	6,831
Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	424
Carrying Amount (Asset)/Liability	2
Collateral/Recourse	6
Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,001
Carrying Amount (Asset)/Liability	(5)
Collateral/Recourse	5,406
Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	23,398
Carrying Amount (Asset)/Liability	9
Collateral/Recourse	0
Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	62,180
Carrying Amount (Asset)/Liability	103
Collateral/Recourse	0
General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	435
Carrying Amount (Asset)/Liability	85
Collateral/Recourse	0
Less than 1 Year | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	211,128
Less than 1 Year | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	43
Less than 1 Year | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	1,087,106
Less than 1 Year | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	803
Less than 1 Year | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	63
Less than 1 Year | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,001
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	35
1 - 3 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	200,959
1 - 3 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	25
1 - 3 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	638,791
1 - 3 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,091
1 - 3 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	250
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	39
3 - 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	123,957
3 - 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	0
3 - 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	290,370
3 - 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,250
3 - 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	96
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	53
Over 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	31,246
Over 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	276
Over 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	540,112
Over 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	5,888
Over 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	15
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	23,396
Over 5 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	62,180
Over 5 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	308
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	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Additional maximum exposure to losses	$ 76	$ 72
Securities issued by SPEs	12,700	12,900
Noncontrolling interests related to consolidated VIEs	$ 257	$ 37

Variable Interest Entities an83

Variable Interest Entities and Securitization Activities (Consolidated VIEs) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
VIE assets	$ 3,075	$ 2,600
VIE liabilities	460	436
Credit-linked Notes
Variable Interest Entity
VIE assets	901	900
VIE liabilities	0	0
Other Structured Financings
Variable Interest Entity
VIE assets	924	787
VIE liabilities	240	13
Mortgage and Asset-Backed Securitizations
Variable Interest Entity
VIE assets	319	668
VIE liabilities	191	423
Other
Variable Interest Entity
VIE assets	931	245
VIE liabilities	$ 29	$ 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	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Assets
Cash and due from banks	$ 27,597	$ 19,827	$ 19,145
Trading assets, fair value	256,794	239,505
Customer and other receivables	52,827	45,407
Goodwill	6,581	6,584
Intangible assets	2,833	2,984
Other Assets	51,526	51,087
Total assets	828,873	787,465
Liabilities
Other secured financings	2,921	2,854
Other liabilities and accrued expenses	14,112	18,711
Total liabilities	750,498	711,281
Consolidated VIEs
Assets
Cash and due from banks	62	14
Trading assets, fair value	1,973	1,842
Customer and other receivables	3	3
Goodwill	18	0
Intangible assets	141	0
Other Assets	878	741
Total assets	3,075	2,600
Liabilities
Other secured financings	430	431
Other liabilities and accrued expenses	30	5
Total liabilities	$ 460	$ 436

Variable Interest Entities an85

Variable Interest Entities and Securitization Activities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Mortgage and Asset-Backed Securities
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	$ 115,088	$ 126,872
Maximum exposure to loss	13,282	13,855
Carrying value of exposure to loss - Assets	12,670	13,361
Carrying value of exposure to loss - Liabilities	0	0
Mortgage and Asset-Backed Securities | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	12,670	13,361
Carrying value of exposure to loss - Assets	12,670	13,361
Mortgage and Asset-Backed Securities | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss - Assets	0	0
Carrying value of exposure to loss - Liabilities	0	0
Mortgage and Asset-Backed Securities | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	612	494
Carrying value of exposure to loss - Liabilities	0	0
Residential Mortgage
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	3,708	13,787
Residential Mortgage | Debt and equity interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	410	1,012
Commercial Mortgage
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	55,158	57,313
Commercial Mortgage | Debt and equity interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	2,576	2,871
U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	20,853	13,236
U.S. Agency Collateralized Mortgage Obligations | Debt and equity interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	3,766	2,763
Other Consumer or Commercial Loans
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	35,369	42,536
Other Consumer or Commercial Loans | Debt and equity interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	5,918	6,715
Collateralized Debt Obligations
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	6,825	8,805
Maximum exposure to loss	1,305	1,490
Carrying value of exposure to loss - Assets	955	1,259
Carrying value of exposure to loss - Liabilities	0	0
Collateralized Debt Obligations | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	955	1,259
Carrying value of exposure to loss - Assets	955	1,259
Collateralized Debt Obligations | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss - Assets	0	0
Carrying value of exposure to loss - Liabilities	0	0
Collateralized Debt Obligations | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	350	231
Carrying value of exposure to loss - Liabilities	0	0
Municipal Tender Option Bonds
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	4,999	4,654
Maximum exposure to loss	3,032	2,835
Carrying value of exposure to loss - Assets	8	6
Carrying value of exposure to loss - Liabilities	0	0
Municipal Tender Option Bonds | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	31	1
Carrying value of exposure to loss - Assets	3	1
Municipal Tender Option Bonds | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	3,001	2,834
Carrying value of exposure to loss - Assets	5	5
Carrying value of exposure to loss - Liabilities	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 - Liabilities	0	0
Other Structured Financings
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	4,081	2,201
Maximum exposure to loss	2,075	1,490
Carrying value of exposure to loss - Assets	1,324	685
Carrying value of exposure to loss - Liabilities	2	3
Other Structured Financings | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	1,712	1,129
Carrying value of exposure to loss - Assets	1,324	685
Other Structured Financings | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of exposure to loss - Assets	0	0
Carrying value of exposure to loss - Liabilities	0	0
Other Structured Financings | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	363	361
Carrying value of exposure to loss - Liabilities	2	3
Other
Variable Interest Entity
VIE assets that the Company does not consolidate (unpaid principal balance)	39,281	20,775
Maximum exposure to loss	5,079	4,143
Carrying value of exposure to loss - Assets	4,733	3,867
Carrying value of exposure to loss - Liabilities	41	15
Other | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	4,706	3,854
Carrying value of exposure to loss - Assets	4,706	3,854
Other | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	73	67
Carrying value of exposure to loss - Assets	27	13
Carrying value of exposure to loss - Liabilities	31	15
Other | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	300	222
Carrying value of exposure to loss - Liabilities	$ 10	$ 0

Variable Interest Entities an86

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 1) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 38,158	$ 28,613
Derivative liabilities (fair value)	37,323	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,890	2,246
Interests purchased in the secondary market (fair value)	274	320
Derivative assets (fair value)	497	494
Derivative liabilities (fair value)	449	449
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	798	887
Interests purchased in the secondary market (fair value)	174	187
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,092	1,359
Interests purchased in the secondary market (fair value)	100	133
Special Purpose Entities | Residential Mortgage
Variable Interest Entity
SPE assets (unpaid principal balance)	21,239	22,440
Retained interests (fair value)	54	160
Interests purchased in the secondary market (fair value)	53	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)	54	160
Interests purchased in the secondary market (fair value)	53	60
Special Purpose Entities | Commercial Mortgage Loans (CMBS)
Variable Interest Entity
SPE assets (unpaid principal balance)	51,025	72,760
Retained interests (fair value)	107	301
Interests purchased in the secondary market (fair value)	79	151
Derivative assets (fair value)	291	343
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Commercial Mortgage Loans (CMBS) | Investment Grade
Variable Interest Entity
Retained interests (fair value)	43	238
Interests purchased in the secondary market (fair value)	32	88
Special Purpose Entities | Commercial Mortgage Loans (CMBS) | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	64	63
Interests purchased in the secondary market (fair value)	47	63
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
SPE assets (unpaid principal balance)	11,116	17,978
Retained interests (fair value)	755	649
Interests purchased in the secondary market (fair value)	142	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)	755	649
Interests purchased in the secondary market (fair value)	142	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)	11,668	12,235
Retained interests (fair value)	974	1,136
Interests purchased in the secondary market (fair value)	0	10
Derivative assets (fair value)	206	151
Derivative liabilities (fair value)	449	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)	974	1,136
Interests purchased in the secondary market (fair value)	$ 0	$ 10

Variable Interest Entities an87

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 2) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 38,158	$ 28,613
Derivative liabilities (fair value)	37,323	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,890	2,246
Interests purchased in the secondary market (fair value)	274	320
Derivative assets (fair value)	497	494
Derivative liabilities (fair value)	449	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)	813	903
Interests purchased in the secondary market (fair value)	259	299
Derivative assets (fair value)	482	466
Derivative liabilities (fair value)	102	110
Special Purpose Entities | Level 3
Variable Interest Entity
Retained interests (fair value)	1,077	1,343
Interests purchased in the secondary market (fair value)	15	21
Derivative assets (fair value)	15	28
Derivative liabilities (fair value)	347	339
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	798	887
Interests purchased in the secondary market (fair value)	174	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)	798	886
Interests purchased in the secondary market (fair value)	174	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)	1,092	1,359
Interests purchased in the secondary market (fair value)	100	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)	15	17
Interests purchased in the secondary market (fair value)	85	112
Special Purpose Entities | Noninvestment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	1,077	1,342
Interests purchased in the secondary market (fair value)	$ 15	$ 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Securitization Activities and Variable Interest Entities [Abstract]
Proceeds received from new securitization transactions	$ 4,163	$ 6,273	$ 6,876	$ 11,164
Proceeds from retained interests in securitization transactions	502	658	1,133	1,606
Collateralized Loan Obligations | Special Purpose Entities
Variable Interest Entity
Maturities, payments and sales	$ 0	$ 621	$ 31	$ 966

Variable Interest Entities an89

Variable Interest Entities and Securitization Activities (Bilateral OTD equity derivatives) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Fair value of derivative assets recognized in the condensed consolidated balance sheet	$ 38,158	$ 28,613
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	37,323	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	9,524	7,878
Fair value of assets sold	9,692	7,935
Fair value of derivative assets recognized in the condensed consolidated balance sheet	218	97
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	$ 50	$ 40

Variable Interest Entities an90

Variable Interest Entities and Securitization Activities (Failed Sales) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Assets, carrying value	$ 298	$ 400
Liabilities, carrying value	$ 298	$ 400

Regulatory Requirements (Narrat

Regulatory Requirements (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
MS&Co.
Regulatory Requirements
Net capital	$ 10,353	$ 10,254
Amount of capital that exceeds the minimum required	8,397	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	3,752	3,613
Amount of capital that exceeds the minimum required	$ 3,595	$ 3,459

Regulatory Requirements (Capita

Regulatory Requirements (Capital Measures) (Details) - U.S. Basel III - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Advanced Approach transitional rules
Balance
Common Equity Tier 1 capital, amount	$ 59,796	$ 59,409
Tier 1 capital, amount	66,782	66,722
Total capital, amount	79,830	79,403
Tier 1 leverage capital, amount	0	0
Assets
RWAs	355,982	384,162
Adjusted average total assets	$ 804,511	$ 803,574
Ratio
Common Equity Tier 1 capital, ratio	16.80%	15.50%
Tier 1 capital ratio	18.80%	17.40%
Total capital ratio	22.40%	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	8.30%	8.30%

Regulatory Requirements (Signif

Regulatory Requirements (Significant U.S. Bank Operating Subsidiaries' Capital) (Details) - U.S. Basel III - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Advanced Approach transitional rules
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 59,796	$ 59,409
Tier 1 capital, amount	66,782	66,722
Total capital, amount	79,830	79,403
Tier 1 leverage capital, amount	$ 0	$ 0
Ratio
Common Equity Tier 1 capital, ratio	16.80%	15.50%
Tier 1 capital ratio	18.80%	17.40%
Total capital ratio	22.40%	20.70%
Standardized Approach transitional rules
Ratio
Tier 1 leverage ratio	8.30%	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 1 capital, amount	$ 14,523	$ 13,333
Tier 1 capital, amount	14,523	13,333
Total capital, amount	16,321	15,097
Tier 1 leverage capital, amount	$ 14,523	$ 13,333
Ratio
Common Equity Tier 1 capital, ratio	16.80%	15.10%
Tier 1 capital ratio	16.80%	15.10%
Total capital ratio	18.90%	17.10%
Tier 1 leverage ratio	10.90%	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 1 capital, amount	$ 5,153	$ 4,197
Tier 1 capital, amount	5,153	4,197
Total capital, amount	5,186	4,225
Tier 1 leverage capital, amount	$ 5,153	$ 4,197
Ratio
Common Equity Tier 1 capital, ratio	28.00%	26.50%
Tier 1 capital ratio	28.00%	26.50%
Total capital ratio	28.20%	26.70%
Tier 1 leverage ratio	11.40%	10.50%

Total Equity (Narrative) (Detai

Total Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Treasury Shares
Authorized repurchase amount of outstanding common stock	$ 3,500		$ 3,500
Common stock repurchased	$ 625	$ 625	$ 1,250	$ 875
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.15	$ 0.3	$ 0.25
Nonredeemable Noncontrolling Interests
Noncontrolling interests	$ 1,259		$ 1,259		$ 1,002
Reduction in nonredeemable noncontrolling interests primarily related to deconsolidation of certain legal entities associated with a real estate fund				$ 191
Preferred Stock
Dividends, Preferred Stock	$ 156	$ 141	$ 234	$ 219

Total Equity (Preferred Stock O

Total Equity (Preferred Stock Outstanding) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Beginning balance	$ (1,238)	$ (1,266)	$ (1,656)	$ (1,248)
Cumulative adjustment for accounting change related to DVA			(312)
Other comprehensive income (loss) before reclassifications	378	(162)	1,142	(167)
Amounts reclassified from AOCI	(45)	(19)	(79)	(32)
Net other comprehensive income (loss) during the period	333	(181)	1,063	(199)
Ending balance	(905)	(1,447)	(905)	(1,447)
Provision for (benefit from) income taxes resulting from reclassification related to AFS securities	(26)	(11)	(30)	(20)
Provision for (benefit from) income taxes resulting from reclassification related to DVA			(15)
Debt Valuation Adjustment
Beginning balance	(110)	0	0	0
Cumulative adjustment for accounting change related to DVA			(312)
Other comprehensive income (loss) before reclassifications	143	0	371	0
Amounts reclassified from AOCI	0	0	(26)	0
Net other comprehensive income (loss) during the period	143	0	345	0
Ending balance	33	0	33	0
Foreign Currency Translation Adjustments
Beginning balance	(831)	(883)	(963)	(663)
Cumulative adjustment for accounting change related to DVA			0
Other comprehensive income (loss) before reclassifications	52	50	184	(170)
Amounts reclassified from AOCI	0	0	0	0
Net other comprehensive income (loss) during the period	52	50	184	(170)
Ending balance	(779)	(833)	(779)	(833)
Change in Net Unrealized Gains (Losses) on Securities Available for Sale
Beginning balance	76	127	(319)	(73)
Cumulative adjustment for accounting change related to DVA			0
Other comprehensive income (loss) before reclassifications	188	(208)	590	7
Amounts reclassified from AOCI	(45)	(20)	(52)	(35)
Net other comprehensive income (loss) during the period	143	(228)	538	(28)
Ending balance	219	(101)	219	(101)
Pension, Postretirement and Other Related Adjustments
Beginning balance	(373)	(510)	(374)	(512)
Cumulative adjustment for accounting change related to DVA			0
Other comprehensive income (loss) before reclassifications	(5)	(4)	(3)	(4)
Amounts reclassified from AOCI	0	1	(1)	3
Net other comprehensive income (loss) during the period	(5)	(3)	(4)	(1)
Ending balance	$ (378)	$ (513)	$ (378)	$ (513)

Earnings Per Common Share (Calc

Earnings Per Common Share (Calculation of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Basic EPS:
Income from continuing operations	$ 1,650	$ 1,833	$ 2,810	$ 4,301
Income (loss) from discontinued operations	(4)	(2)	(7)	(7)
Net income	1,646	1,831	2,803	4,294
Net income applicable to noncontrolling interests	64	24	87	93
Net income applicable to Morgan Stanley	1,582	1,807	2,716	4,201
Less: Preferred dividends	(156)	(141)	(234)	(219)
Less: Allocation of (earnings) loss to participating RSUs	(1)	(1)	(1)	(3)
Earnings applicable to Morgan Stanley common shareholders	$ 1,425	$ 1,665	$ 2,481	$ 3,979
Weighted average common shares outstanding	1,866	1,919	1,875	1,922
Earnings per basic common share:
Income from continuing operations	$ 0.77	$ 0.87	$ 1.33	$ 2.07
Income (loss) from discontinued operations	(0.01)	0	(0.01)	0
Earnings (loss) per basic common share	$ 0.76	$ 0.87	$ 1.32	$ 2.07
Diluted EPS:
Earnings applicable to Morgan Stanley common shareholders	$ 1,425	$ 1,665	$ 2,481	$ 3,979
Weighted average common shares outstanding	1,866	1,919	1,875	1,922
Effect of dilutive securities:
Stock options and RSUs	33	41	32	40
Weighted average common shares outstanding and common stock equivalents	1,899	1,960	1,907	1,962
Earnings per diluted common share:
Income from continuing operations	$ 0.75	$ 0.85	$ 1.3	$ 2.03
Income (loss) from discontinued operations	0	0	0	0
Earnings (loss) per diluted common share	$ 0.75	$ 0.85	$ 1.3	$ 2.03
Antidilutive securities outstanding	14	12	15	12

Earnings Per Common Share (Anti

Earnings Per Common Share (Antidilutive Securities Excluded from the Computation of Diluted EPS) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive securities outstanding	14	12	15	12

Interest Income and Interest 99

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income:
Trading assets	$ 526	$ 555	$ 1,109	$ 1,149
Investment securities	237	238	473	438
Loans	680	529	1,327	1,004
Interest bearing deposits with banks	52	22	105	45
Interest income securities purchased under agreements to resell and securities borrowed	(120)	(200)	(198)	(305)
Customer receivables and Other	292	242	598	539
Total Interest income	1,667	1,386	3,414	2,870
Interest expense:
Deposits	15	17	37	35
Short-term borrowings	7	5	14	9
Long-term borrowings	844	915	1,804	1,841
Securities sold under agreements to repurchase and Securities loaned	259	235	513	543
Customer payables and Other	(371)	(484)	(766)	(852)
Total Interest expense	754	688	1,602	1,576
Net interest	$ 913	$ 698	$ 1,812	$ 1,294

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Benefit Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Components of Net Periodic Benefit Expense (Income)
Service cost, benefits earned during the period	$ 4	$ 5	$ 8	$ 10
Interest cost on projected benefit obligation	39	38	77	77
Expected return on plan assets	(30)	(29)	(60)	(59)
Net amortization of prior service cost	(5)	(5)	(9)	(10)
Net amortization of actuarial loss	3	7	6	13
Net periodic benefit expense	$ 11	$ 16	$ 22	$ 31

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of the Effective Income Tax Rate) (Details) $ in Millions	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information
Total non-interest revenues	$ 7,996	$ 9,045	$ 14,889	$ 18,356
Interest income	1,667	1,386	3,414	2,870
Interest expense	754	688	1,602	1,576
Net interest	913	698	1,812	1,294
Net revenues	8,909	9,743	16,701	19,650
Income (loss) from continuing operations before income taxes	2,483	2,727	4,221	5,582
Provision for income taxes	833	894	1,411	1,281
Income from continuing operations	1,650	1,833	2,810	4,301
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	(4)	(2)	(7)	(7)
Net income (loss)	1,646	1,831	2,803	4,294
Net income applicable to noncontrolling interests	64	24	87	93
Net income (loss) applicable to Morgan Stanley	1,582	1,807	2,716	4,201
Segment Reporting Information, Additional Information
Performance-based fee revenue at risk	421		421		$ 422
Reduction of fees	12	50	35	100
Intersegment Eliminations
Segment Reporting Information
Total non-interest revenues	(63)	(55)	(130)	(109)
Interest income	(222)	(119)	(443)	(243)
Interest expense	(222)	(119)	(443)	(243)
Net interest	0	0	0	0
Net revenues	(63)	(55)	(130)	(109)
Income (loss) from continuing operations before income taxes	0	0	0	0
Provision for income taxes	0	0	0	0
Income from continuing operations	0	0	0	0
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	0	0	0	0
Net income applicable to noncontrolling interests	0	0	0	0
Net income (loss) applicable to Morgan Stanley	0	0	0	0
Institutional Securities
Segment Reporting Information
Total non-interest revenues	4,496	5,205	8,141	10,751
Interest income	966	723	2,019	1,593
Interest expense	884	756	1,868	1,714
Net interest	82	(33)	151	(121)
Net revenues	4,578	5,172	8,292	10,630
Income (loss) from continuing operations before income taxes	1,506	1,622	2,414	3,435
Provision for income taxes	453	511	728	517
Income from continuing operations	1,053	1,111	1,686	2,918
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	(4)	(2)	(7)	(7)
Net income (loss)	1,049	1,109	1,679	2,911
Net income applicable to noncontrolling interests	61	22	100	74
Net income (loss) applicable to Morgan Stanley	988	1,087	1,579	2,837
Segment Reporting Information, Additional Information
Other Income tax benefit				564
Wealth Management
Segment Reporting Information
Total non-interest revenues	2,982	3,138	5,819	6,283
Interest income	920	782	1,834	1,519
Interest expense	91	45	174	93
Net interest	829	737	1,660	1,426
Net revenues	3,811	3,875	7,479	7,709
Income (loss) from continuing operations before income taxes	859	885	1,645	1,740
Provision for income taxes	343	324	636	644
Income from continuing operations	516	561	1,009	1,096
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	516	561	1,009	1,096
Net income applicable to noncontrolling interests	0	0	0	0
Net income (loss) applicable to Morgan Stanley	516	561	1,009	1,096
Investment Management
Segment Reporting Information
Total non-interest revenues	581	757	1,059	1,431
Interest income	3	0	4	1
Interest expense	1	6	3	12
Net interest	2	(6)	1	(11)
Net revenues	583	751	1,060	1,420
Income (loss) from continuing operations before income taxes	118	220	162	407
Provision for income taxes	37	59	47	120
Income from continuing operations	81	161	115	287
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	81	161	115	287
Net income applicable to noncontrolling interests	3	2	(13)	19
Net income (loss) applicable to Morgan Stanley	$ 78	$ 159	$ 128	$ 268

Segment and Geographic Infor103

Segment and Geographic Information (Assets by Segments) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Segment Reporting Information
Assets		$ 828,873	$ 787,465
Reduction in nonredeemable noncontrolling interests primarily related to deconsolidation of certain legal entities associated with a real estate fund	$ 191
Institutional Securities
Segment Reporting Information
Assets		641,373	602,714
Wealth Management
Segment Reporting Information
Assets		182,801	179,708
Investment Management
Segment Reporting Information
Assets		$ 4,699	$ 5,043

Segment and Geographic Infor104

Segment and Geographic Information (Net Revenues by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information
Net Revenues	$ 8,909	$ 9,743	$ 16,701	$ 19,650
Americas
Segment Reporting Information
Net Revenues	6,538	6,777	12,290	13,707
EMEA
Segment Reporting Information
Net Revenues	1,312	1,436	2,441	3,198
Asia-Pacific
Segment Reporting Information
Net Revenues	$ 1,059	$ 1,530	$ 1,970	$ 2,745

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Billions	Jul. 25, 2016	Jul. 20, 2016	Aug. 03, 2016	Jul. 29, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Subsequent Event
Dividends declared per common share					$ 0.15	$ 0.15	$ 0.3	$ 0.25
Subsequent Event
Subsequent Event
Dividends declared per common share		$ 0.2
Dividends declared date		Jul. 20, 2016
Dividend payable date		Aug. 15, 2016
Shareholders of record, date		Jul. 29, 2016
Increase in long-term borrowings				$ 3.4
Impact on EPS
Trust preferred securities redemption, total			$ 2.8
Subsequent Event | Senior Debt
Subsequent Event
Debt issuances	$ 3