Morgan Stanley (MS) 10-Q 2 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		1,872,821,289

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Investment banking	$ 1,225	$ 1,313	$ 3,556	$ 4,284
Trading	2,609	2,026	7,420	8,649
Investments	87	(119)	179	408
Commissions and fees	991	1,115	3,066	3,459
Asset management, distribution and administration fees	2,686	2,732	7,943	8,155
Other	308	(62)	631	406
Total non-interest revenues	7,906	7,005	22,795	25,361
Interest income	1,734	1,451	5,148	4,321
Interest expense	731	689	2,333	2,265
Net interest	1,003	762	2,815	2,056
Net revenues	8,909	7,767	25,610	27,417
Non-interest expenses
Compensation and benefits	4,097	3,437	11,795	12,366
Occupancy and equipment	339	341	997	1,034
Brokerage, clearing and exchange fees	491	485	1,440	1,435
Information processing and communications	456	447	1,327	1,300
Marketing and business development	130	158	418	487
Professional services	489	576	1,550	1,660
Other	526	849	1,481	2,079
Total non-interest expenses	6,528	6,293	19,008	20,361
Income from continuing operations before income taxes	2,381	1,474	6,602	7,056
Provision (benefit) for income taxes	749	423	2,160	1,704
Income from continuing operations	1,632	1,051	4,442	5,352
Income (loss) from discontinued operations, net of income taxes	8	(2)	1	(9)
Net income	1,640	1,049	4,443	5,343
Net income applicable to noncontrolling interests	43	31	130	124
Net income applicable to Morgan Stanley	1,597	1,018	4,313	5,219
Preferred stock dividends and other	79	79	314	301
Earnings applicable to Morgan Stanley common shareholders	$ 1,518	$ 939	$ 3,999	$ 4,918
Earnings per basic common share
Income from continuing operations	$ 0.82	$ 0.49	$ 2.15	$ 2.57
Income (loss) from discontinued operations	0.01	0	0	0
Earnings per basic common share	0.83	0.49	2.15	2.57
Earnings per diluted common share
Income from continuing operations	0.8	0.48	2.11	2.52
Income (loss) from discontinued operations	0.01	0	0	(0.01)
Earnings per diluted common share	0.81	0.48	2.11	2.51
Dividends declared per common share	$ 0.2	$ 0.15	$ 0.5	$ 0.4
Average common shares outstanding
Basic	1,838	1,904	1,863	1,916
Diluted	1,879	1,949	1,898	1,958

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Comprehensive Income
Net income		$ 1,640	$ 1,049	$ 4,443	$ 5,343
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	[1]	43	(61)	360	(249)
Change in net unrealized gains (losses) on available for sale securities	[2]	(99)	100	439	72
Pension, postretirement and other		(1)	4	(5)	3
Change in net debt valuation adjustments	[3]	(93)	0	255	0
Total other comprehensive income (loss)		(150)	43	1,049	(174)
Comprehensive income		1,490	1,092	5,492	5,169
Net income applicable to noncontrolling interests		43	31	130	124
Other comprehensive income (loss) applicable to noncontrolling interests		15	15	151	(3)
Comprehensive income applicable to Morgan Stanley		1,432	1,046	5,211	5,048
Parenthetical Disclosures
Foreign currency translation adjustments, provision for (benefit from) income taxes		(30)	30	(204)	150
Change in net unrealized gains (losses) on available for sale securities, provision for (benefit from) income taxes		(58)	$ 57	256	$ 41
Change in net debt valuation adjustments, provision for (benefit from) income taxes		$ (50)		$ 150
[1]	Amounts include Provision for (benefit from) income taxes of $ (30) million and $ 30 million in the quarter ended September 30, 2016 (“current quarter”) and the quarter ended September 30, 2015 (“prior year quarter”), respectively, and $ (204) million and $ 1 5 0 million in the nine months ended September 30, 2016 (“current year period”) and the nine months ended September 30, 2015 (“prior year period”), respectively.
[2]	Amounts include Provision for (benefit from) income taxes of $ (58) million and $ 5 7 million in the current quarter and prior year quarter, respectively, and $ 256 million and $ 4 1 million in the current year period and prior year period, respectively.
[3]	Debt valuation adjustments (“DVA”) represent the change in the fair value resulting from fluctuations in the Firm’s credit spreads and other credit factors related to liabilities carried at fair value, primarily related to certain Long-term and Short-term borrowings. Amounts include Provision for (benefit from) income taxes of $ (50) milli on and $ 150 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	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 26,899	$ 19,827
Interest bearing deposits with banks	15,653	34,256
Trading assets, at fair value ($156,351 and $127,627 were pledged to various parties)	273,151	239,505
Investment securities (includes $65,732 and $66,759 at fair value)	78,956	71,983
Securities purchased under agreements to resell (includes $554 and $806 at fair value)	90,579	87,657
Securities borrowed	126,280	142,416
Customer and other receivables	51,411	45,407
Loans
Held for investment (net of allowance of $287 and $225)	80,400	72,559
Held for sale	12,108	13,200
Goodwill	6,584	6,584
Intangible assets (net of accumulated amortization of $2,354 and $2,130)	2,747	2,984
Other assets	49,123	51,087
Total assets	813,891	787,465
Liabilities
Deposits (includes $60 and $125 at fair value)	151,843	156,034
Short-term borrowings (includes $408 and $1,648 at fair value)	914	2,173
Trading liabilities, at fair value	136,299	128,455
Securities sold under agreements to repurchase (includes $745 and $683 at fair value)	46,936	36,692
Securities loaned	16,515	19,358
Other secured financings (includes $3,746 and $2,854 at fair value)	9,812	9,464
Customer and other payables	194,007	186,626
Other liabilities and accrued expenses	15,176	18,711
Long-term borrowings (includes $38,747 and $33,045 at fair value)	163,927	153,768
Total liabilities	735,429	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: 1,876,466,446 and 1,920,024,027	20	20
Additional paid-in capital	22,995	24,153
Retained earnings	52,545	49,204
Employee stock trusts	2,839	2,409
Accumulated other comprehensive income (loss)	(1,070)	(1,656)
Common stock held in treasury, at cost, $0.01 par value (162,427,533 and 118,869,952 shares)	(4,861)	(4,059)
Common stock issued to employee trusts	(2,839)	(2,409)
Total Morgan Stanley shareholders' equity	77,149	75,182
Noncontrolling interests	1,313	1,002
Total equity	78,462	76,184
Total liabilities and equity	$ 813,891	$ 787,465

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Condensed Consolidated Statements of Financial Condition
Trading assets pledged to various parties	$ 156,351	$ 127,627
Total AFS securities, fair value	65,732	66,759
Securities purchased under agreement to resell, fair value	554	806
Allowance for loan losses	287	225
Intangible assets, accumulated amortization	2,354	2,130
Deposits, fair value	60	125
Short-term borrowings, fair value	408	1,648
Securities sold under agreement to repurchase, fair value	745	683
Other secured financings, at fair value	3,746	2,854
Long-term borrowings, fair value	$ 38,747	$ 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	1,876,466,446	1,920,024,027
Common stock held in treasury, shares	162,427,533	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		5,219				5,219
Net income applicable to noncontrolling interests		124									124
Dividends		(1,098)				(1,098)
Shares issued under employee plans and related tax effects		1,089			(356)		272		1,445	(272)
Repurchase of common stock and employee tax withholdings		(2,135)							(2,135)
Net change in accumulated other comprehensive income (loss)		(174)						(171)			(3)
Issuance of preferred stock		1,493	1,500		(7)
Deconsolidation of certain legal entities associated with a real estate fund		(191)									(191)
Other net increase (decreases)		(11)			(10)						(1)
BALANCE AT at Sep. 30, 2015		76,420	7,520	20	23,876	48,746	2,399	(1,419)	(3,456)	(2,399)	1,133
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	[1]	0				312		(312)
Net adjustment for accounting change related to consolidation	[2]	106									106
Net income applicable to Morgan Stanley		4,313				4,313
Net income applicable to noncontrolling interests		130									130
Dividends		(1,284)				(1,284)
Shares issued under employee plans and related tax effects		938			(1,168)		430		2,106	(430)
Repurchase of common stock and employee tax withholdings		(2,908)							(2,908)
Net change in accumulated other comprehensive income (loss)		1,049						898			151
Other net increase (decreases)		(66)			10						(76)
BALANCE AT at Sep. 30, 2016		$ 78,462	$ 7,520	$ 20	$ 22,995	$ 52,545	$ 2,839	$ (1,070)	$ (4,861)	$ (2,839)	$ 1,313
[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 informatio n.
[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 deconsolidate certain entities under the new guidance. See Note 2 for further information.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 4,443	$ 5,343
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Income (loss) from equity method investments	39	(118)
Compensation payable in common stock and options	794	836
Depreciation and amortization	1,357	1,023
Net gain on sale of available for sale securities	(127)	(74)
Impairment charges	102	91
Provision for credit losses on lending activities	138	47
Other operating adjustments	(36)	264
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	(20,509)	39,775
Securities borrowed	16,136	(11,537)
Securities loaned	(2,843)	(4,575)
Customer and other receivables and other assets	(2,800)	5,842
Customer and other payables and other liabilities	3,798	10,351
Securities purchased under agreements to resell	(2,922)	(43,918)
Securities sold under agreements to repurchase	10,244	(11,313)
Net cash provided by (used for) operating activities	7,814	(7,963)
Proceeds from (payments for):
Other assets - Premises, equipment and software net	(941)	(964)
Loans:
Changes in loans, net	(7,709)	(11,313)
Investment securities:
Purchases	(41,230)	(32,133)
Proceeds from sales	28,960	32,788
Proceeds from paydowns and maturities	5,956	4,285
Other investing activities	(24)	(61)
Net cash used for investing activities	(14,988)	(7,398)
Net proceeds from (payments for):
Short-term borrowings	(1,233)	(279)
Noncontrolling interests	(47)	(70)
Other secured financings	(278)	(1,677)
Deposits	(4,191)	13,682
Proceeds from:
Excess tax benefits associated with stock-based awards	51	180
Derivatives financing activities	0	392
Issuance of preferred stock, net of issuance costs	0	1,493
Issuance of long-term borrowings	27,528	30,159
Payments for:
Long-term borrowings	(22,902)	(17,615)
Derivatives financing activities	(120)	(372)
Repurchase of common stock and employee tax withholdings	(2,908)	(2,135)
Cash dividends	(1,311)	(1,096)
Net cash provided by (used for) financing activities	(5,411)	22,662
Effect of exchange rate changes on cash and cash equivalents	1,054	(767)
Net increase (decrease) in cash and cash equivalents	(11,531)	6,534
Cash and cash equivalents, at beginning of period	54,083	46,984
Cash and cash equivalents, at end of period	42,552	53,518
Cash and cash equivalents include:
Cash and due from banks	26,899	19,244
Interest bearing deposits with banks	15,653	34,274
Cash and cash equivalents, at end of period	42,552	53,518
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	1,784	1,456
Cash payments for income taxes, net of refunds	$ 504	$ 541

Introduction and Basis of Prese

Introduction and Basis of Presentation	9 Months Ended
	Sep. 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 period, the Firm deconsolidated approximately $ 191 million in net assets previously attributable to non controlling 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 definitive agreement t o 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 $ 10 million in the prior year quarter and $ 69 million in the prior year period in Ot her revenues to 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 im pact on the Firm’s financial results.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 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 m odel 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 resu lted primarily from certain funds in Investment Management where the Firm acts as a general partner. Goodwill The Firm completed its annual goodwill impairment testing at July 1, 2016. Th e Firm’s impairment testing did not indicate any goodwill impairment, as each of the Firm’s reporting units with goodwill had a fair value that was substantially in excess of its carrying value .

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures
Fair Value Disclosures	3. Fair Value s Fair Value Measurement Assets and Liabilities Measured at Fair Value on a Recurring Basis Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting At September 30, 2016 $ in millions Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 23,199 $ — $ — $ — $ 23,199 U.S. agency securities 2,020 25,398 8 — 27,426 Total U.S. government and agency securities 25,219 25,398 8 — 50,625 Other sovereign government obligations 21,437 6,975 12 — 28,424 Corporate and other debt: State and municipal securities — 2,247 4 — 2,251 Residential mortgage-backed securities — 811 188 — 999 Commercial mortgage-backed securities — 1,427 64 — 1,491 Asset-backed securities — 115 12 — 127 Corporate bonds — 12,896 199 — 13,095 Collateralized debt and loan obligations — 403 85 — 488 Loans and lending commitments 1 — 5,057 4,155 — 9,212 Other debt — 892 246 — 1,138 Total corporate and other debt — 23,848 4,953 — 28,801 Corporate equities 2 113,805 338 336 — 114,479 Securities received as collateral 12,535 4 1 — 12,540 Derivative and other contracts: Interest rate contracts 648 417,114 1,116 — 418,878 Credit contracts — 14,208 516 — 14,724 Foreign exchange contracts 124 51,072 6 — 51,202 Equity contracts 1,363 40,194 1,864 — 43,421 Commodity contracts 2,225 7,279 4,098 — 13,602 Other — 25 — — 25 Netting 3 (3,758) (444,890) (2,172) (57,947) (508,767) Total derivative and other contracts 602 85,002 5,428 (57,947) 33,085 Investments 4 : Principal investments 33 19 726 — 778 Other 609 276 210 — 1,095 Total investments 642 295 936 — 1,873 Physical commodities — 179 — — 179 Total trading assets 4 174,240 142,039 11,674 (57,947) 270,006 Investment securities—AFS securities 28,997 36,735 — — 65,732 Securities purchased under agreements to resell — 554 — — 554 Intangible assets — 3 — — 3 Total assets measured at fair value $ 203,237 $ 179,331 $ 11,674 $ (57,947) $ 336,295 Liabilities at Fair Value Deposits $ — $ 29 $ 31 $ — $ 60 Short-term borrowings — 406 2 — 408 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 9,500 — — — 9,500 U.S. agency securities 786 96 — — 882 Total U.S. government and agency securities 10,286 96 — — 10,382 Other sovereign government obligations 18,685 2,110 — — 20,795 Corporate and other debt: State and municipal securities — 230 — — 230 Asset-backed securities — 477 — — 477 Corporate bonds — 5,873 13 — 5,886 Other debt — 17 3 — 20 Total corporate and other debt — 6,597 16 — 6,613 Corporate equities 2 44,980 50 19 — 45,049 Obligation to return securities received as collateral 20,929 5 1 — 20,935 Derivative and other contracts: Interest rate contracts 690 396,224 1,075 — 397,989 Credit contracts — 14,765 1,399 — 16,164 Foreign exchange contracts 22 56,108 113 — 56,243 Equity contracts 1,305 43,623 1,724 — 46,652 Commodity contracts 2,002 5,860 2,804 — 10,666 Other — 76 — — 76 Netting 3 (3,758) (444,890) (2,172) (44,449) (495,269) Total derivative and other contracts 261 71,766 4,943 (44,449) 32,521 Physical commodities — 4 — — 4 Total trading liabilities 95,141 80,628 4,979 (44,449) 136,299 Securities sold under agreements to repurchase — 596 149 — 745 Other secured financings — 3,296 450 — 3,746 Long-term borrowings 43 36,662 2,042 — 38,747 Total liabilities measured at fair value $ 95,184 $ 121,617 $ 7,653 $ (44,449) $ 180,005 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting At December 31, 2015 $ 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 Investment securities—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. At September 30, 2016 , l oans held at fair value consisted of $ 7,038 million of corporate loans, $ 1,338 million of residential real estate loans and $ 836 million of wholesale real estat e loans. At December 31, 2015, l oans 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 wholesale 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 ne tting 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 informatio n on derivative instruments and hedging activities, see Note 4. 4. Amounts exclude certain investments that are measured at fair value using the net asset value (“NAV”) per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Fair Value of Investments Measured at Net Asset Value” herein. 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. 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 $ in millions Beginning Balance at June 30, 2016 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2016 Unrealized Gains (Losses) at September 30, 2016 Assets at Fair Value Trading assets: U.S. agency securities $ 20 $ — $ — $ (18) $ — $ — $ 6 $ 8 $ — Other sovereign government obligations 2 — 6 (1) — — 5 12 — Corporate and other debt: State and municipal securities 10 1 — (7) — — — 4 — Residential mortgage-backed securities 216 1 56 (76) — — (9) 188 (12) Commercial mortgage-backed securities 51 (5) 12 (1) — — 7 64 (3) Asset-backed securities 88 (3) 6 (79) — — — 12 — Corporate bonds 276 (55) 20 (23) — — (19) 199 (55) Collateralized debt and loan obligations 109 6 9 (38) — — (1) 85 10 Loans and lending commitments 5,418 (12) 501 (206) — (733) (813) 4,155 (12) Other debt 528 — 191 (212) — — (261) 246 — Total corporate and other debt 6,696 (67) 795 (642) — (733) (1,096) 4,953 (72) Corporate equities 572 (28) 42 (36) — — (214) 336 (26) Securities received as collateral — — 1 — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (235) (60) 3 — (15) 11 337 41 (45) Credit contracts (1,114) 147 — — — 2 82 (883) 147 Foreign exchange contracts (1) (27) — — — (42) (37) (107) (27) Equity contracts (1,473) 220 31 (2) (37) 567 834 140 239 Commodity contracts 1,298 269 — — (14) (170) (89) 1,294 104 Other (11) — — — — — 11 — — Total net derivative and other contracts (1,536) 549 34 (2) (66) 368 1,138 485 418 Investments: Principal investments 769 (29) 2 (8) — (27) 19 726 (30) Other 205 (12) — — — — 17 210 (6) Total investments 974 (41) 2 (8) — (27) 36 936 (36) Liabilities at Fair Value Deposits $ 30 $ 1 $ — $ — $ 5 $ — $ (3) $ 31 $ 1 Short-term borrowings — — — — — — 2 2 — Trading liabilities: Corporate and other debt: Corporate bonds 6 (1) (3) 2 — — 7 13 (1) Other debt 3 — — — — — — 3 — Total corporate and other debt 9 (1) (3) 2 — — 7 16 (1) Corporate equities 26 2 (2) 2 — — (5) 19 — Obligation to return securities received as collateral — — — 1 — — — 1 — Securities sold under agreements to repurchase 150 1 — — — — — 149 2 Other secured financings 441 (11) — — — (2) — 450 (11) Long-term borrowings 1,929 (88) — — 193 (147) (21) 2,042 (87) $ in millions Beginning Balance at December 31, 2015 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2016 Unrealized Gains (Losses) at September 30, 2016 Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ (37) $ — $ — $ 42 $ 8 $ — Other sovereign government obligations 4 — 10 (6) — — 4 12 — Corporate and other debt: State and municipal securities 19 — — (16) — — 1 4 — Residential mortgage-backed securities 341 (14) 64 (201) — — (2) 188 (13) Commercial mortgage-backed securities 72 (17) 19 (18) — — 8 64 (15) Asset-backed securities 25 (4) 5 (95) — — 81 12 (3) Corporate bonds 267 (4) 146 (276) — — 66 199 (17) Collateralized debt and loan obligations 430 9 13 (295) — — (72) 85 16 Loans and lending commitments 5,936 (65) 921 (860) — (986) (791) 4,155 (51) Other debt 448 1 92 (35) — — (260) 246 65 Total corporate and other debt 7,538 (94) 1,260 (1,796) — (986) (969) 4,953 (18) Corporate equities 433 (57) 62 (324) — — 222 336 (80) Securities received as collateral 1 — — — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts 260 257 3 — (15) (59) (405) 41 (156) Credit contracts (844) (255) 1 — — 155 60 (883) (277) Foreign exchange contracts 141 (104) — — — (224) 80 (107) (102) Equity contracts (2,031) 334 816 (2) (166) 1,083 106 140 172 Commodity contracts 1,050 377 33 — (20) (312) 166 1,294 162 Total net derivative and other contracts (1,424) 609 853 (2) (201) 643 7 485 (201) Investments: Principal investments 486 (57) 374 (29) — (67) 19 726 (58) Other 221 (3) — (8) — — — 210 (5) Total investments 707 (60) 374 (37) — (67) 19 936 (63) Intangible assets 5 — — — — — (5) — — Liabilities at Fair Value Deposits $ 19 $ (1) $ — $ — $ 15 $ — $ (4) $ 31 $ (1) Short-term borrowings 1 — — — — (1) 2 2 — Trading liabilities: Corporate and other debt: Corporate bonds — (3) (7) 32 — — (15) 13 (3) Other debt 4 — (1) — — — — 3 — Total corporate and other debt 4 (3) (8) 32 — — (15) 16 (3) Corporate equities 17 4 (37) 14 — — 29 19 32 Obligation to return securities received as collateral 1 — — — — — — 1 — Securities sold under agreements to repurchase 151 2 — — — — — 149 3 Other secured financings 461 (42) — — 69 (44) (78) 450 (42) Long-term borrowings 1,987 (103) — — 366 (262) (152) 2,042 (91) $ in millions Beginning Balance at June 30, 2015 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2015 Unrealized Gains (Losses) at September 30, 2015 Assets at Fair Value Trading assets: U.S. agency securities $ 3 $ — $ — $ — $ — $ — $ (3) $ — $ — Other sovereign government obligations 12 — 5 (4) — — (2) 11 — Corporate and other debt: State and municipal securities 7 5 12 (5) — — 14 33 5 Residential mortgage-backed securities 378 3 59 (55) — — 19 404 4 Commercial mortgage-backed securities 84 (12) 17 (6) — — (4) 79 (12) Asset-backed securities 19 — 13 (7) — — 6 31 — Corporate bonds 479 (25) 78 (228) — (50) (28) 226 (6) Collateralized debt and loan obligations 660 (7) 80 (188) — — — 545 (11) Loans and lending commitments 5,512 (78) 939 (156) — (1,229) 176 5,164 (53) Other debt 564 (22) 9 (4) — (1) (16) 530 (23) Total corporate and other debt 7,703 (136) 1,207 (649) — (1,280) 167 7,012 (96) Corporate equities 486 10 150 (80) — — 9 575 4 Securities received as collateral 3 — — (2) — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (236) (137) 12 — (7) 74 383 89 (66) Credit contracts (989) 210 — — (74) 86 (38) (805) 219 Foreign exchange contracts 446 42 3 — — (327) (98) 66 45 Equity contracts (2,102) 309 16 — (50) (187) (27) (2,041) 296 Commodity contracts 1,205 238 — — — (11) — 1,432 179 Total net derivative and other contracts (1,676) 662 31 — (131) (365) 220 (1,259) 673 Investments: Principal investments 581 26 8 (50) — — (24) 541 26 Other 300 11 1 — — — — 312 11 Total investments 881 37 9 (50) — — (24) 853 37 Intangible assets 6 (1) — — — — — 5 (1) Liabilities at Fair Value Short-term borrowings $ — $ (2) $ — $ — $ 4 $ — $ 63 $ 69 $ (2) Trading liabilities: Corporate and other debt: Corporate bonds 15 9 (10) 23 — — — 19 7 Other debt 4 — — — — — — 4 — Total corporate and other debt 19 9 (10) 23 — — — 23 7 Corporate equities 112 72 (50) 99 — — 8 97 73 Obligation to return securities received as collateral 3 — (2) — — — — 1 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 168 2 — — 187 (12) — 341 2 Long-term borrowings 2,221 61 — — 237 (81) 146 2,462 64 $ in millions Beginning Balance at December 31, 2014 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2015 Unrealized Gains (Losses) at September 30, 2015 Assets at Fair Value Trading assets: Other sovereign government obligations $ 41 $ (1) $ 7 $ (31) $ — $ — $ (5) $ 11 $ — Corporate and other debt: State and municipal securities — 5 14 (1) — — 15 33 5 Residential mortgage-backed securities 175 28 172 (57) — — 86 404 19 Commercial mortgage-backed securities 96 (17) 23 (23) — — — 79 (19) Asset-backed securities 76 (1) 22 (31) — — (35) 31 4 Corporate bonds 386 (19) 155 (218) — (53) (25) 226 (16) Collateralized debt and loan obligations 1,152 141 320 (709) — (331) (28) 545 (7) Loans and lending commitments 5,874 (34) 1,860 (95) — (2,461) 20 5,164 (62) Other debt 285 (13) 30 (14) — (25) 267 530 — Total corporate and other debt 8,044 90 2,596 (1,148) — (2,870) 300 7,012 (76) Corporate equities 272 57 437 (199) — — 8 575 67 Securities received as collateral — — 1 — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (173) (37) 16 — (22) 277 28 89 20 Credit contracts (743) (69) 6 — (94) 86 9 (805) (89) Foreign exchange contracts 151 133 4 — (1) (197) (24) 66 133 Equity contracts (2,165) (76) 115 — (279) 252 112 (2,041) (237) Commodity contracts 1,146 345 2 — (112) 111 (60) 1,432 420 Total net derivative and other contracts (1,784) 296 143 — (508) 529 65 (1,259) 247 Investments: Principal investments 835 22 20 (109) — (187) (40) 541 — Other 323 (5) 2 (6) — — (2) 312 — Total investments 1,158 17 22 (115) — (187) (42) 853 — Intangible assets 6 — — — — (1) — 5 — Liabilities at Fair Value Short-term borrowings $ — $ (2) $ — $ — $ 60 $ — $ 7 $ 69 $ (2) Trading liabilities: Corporate and other debt: Corporate bonds 78 6 (25) 37 — — (65) 19 6 Lending commitments 5 5 — — — — — — 5 Other debt 38 — (1) 7 — (39) (1) 4 — Total corporate and other debt 121 11 (26) 44 — (39) (66) 23 11 Corporate equities 45 90 (88) 128 — — 102 97 90 Obligation to return securities received as collateral — — — 1 — — — 1 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 — Other secured financings 149 (5) — — 223 (36) — 341 4 Long-term borrowings 1,934 159 — — 853 (213) 47 2,462 157 1. Loan originations and consoli dations of VIEs are included in purchases. 2. Net derivative and other contracts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative a nd other contracts . 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. Valuation Techniques and Sensitivity of Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Assets at Fair Value Residential mortgage-backed securities ($188 million and $341 million) Comparable pricing: Comparable bond price / (A) 0 to 9 points (6 points) 0 to 75 points (32 points) Commercial mortgage-backed securities ($64 million and $72 million) Comparable pricing: Comparable bond price / (A) 0 to 11 points (2 points) 0 to 9 points (2 points) Corporate bonds ($199 million and $267 million) Comparable pricing : Comparable bond price / (A) 11 to 127 points (75 points) 3 to 119 points (90 points) Comparable pricing : EBITDA multiple / (A) 7 to 9 times (8 times) Option model: At the money volatility / (C) 6% to 33% (25%) Structured bond model: Discount rate / (C) 15% (15%) Collateralized debt and loan obligations ($85 million and $430 million) Comparable pricing : Comparable bond price / (A) 0 to 80 points (44 points) 47 to 103 points (67 points) Correlation model: Credit correlation / (B) 23% to 65% (52%) 39% to 60% (49%) Loans and lending commitments ($4,155 million and $5,936 million) Corporate loan model: Credit spread / (C) 471 to 815 bps (633 bps) 250 to 866 bps (531 bps) Margin loan model : Volatility skew / (C)(D) 20% to 83% (36%) 14% to 70% (33%) Discount rate / (C)(D) 1% to 9% (2%) 1% to 4% (2%) Credit spread / (C)(D) 62 to 499 bps (145 bps) Expected recovery: Asset coverage / (A) 47% to 99% (85%) Option model: Volatility skew / (C) -1% (-1%) -1% (-1%) Comparable pricing: Comparable loan price / (A) 41 to 100 points (85 points) 35 to 100 points (88 points) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 5% (5%) 6% to 8% (7%) Capitalization rate / (C)(D) 4% to 10% (4%) 4% to 10% (4%) Other debt ($246 million and $448 million) Comparable pricing: Comparable loan price / (A) 3 to 87 points (69 points) 4 to 84 points (59 points) Comparable pricing: Comparable bond price / (A) 7 points (7 points) 8 points (8 points) Option model: At the money volatility / (C)(D) 16% to 53% (42%) 16% to 53% (53%) Volatility skew / (C)(D) -1% to 0% (0%) Discounted cash flow: Discount rate / (C) 6% to 12% (11%) Margin loan model : Discount rate / (C) 1% (1%) Corporate equities ($336 million and $433 million) Comparable pricing: Comparable equity price / (A) 100% (100%) 100% (100%) Comparable pricing: Comparable price / (A) 50% to 80% (72%) Market approach: EBITDA multiple / (A) 9 times (9 times) Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Net derivative and other contracts 2 : Interest rate contracts ($41 million and $260 million) Option model : Interest rate - Foreign exchange correlation / (A)(D) 28% to 58% (44% / 43%) Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% (43% / 43%) Interest rate volatility skew / (A)(D) 31% to 114% (73% / 67%) 29% to 82% (43% / 40%) Interest rate quanto correlation / (A)(D) -10% to 39% (5% / -4%) -8% to 36% (5% / -6%) Interest rate curve correlation / (C)(D) 19% to 95% (72% / 78%) 24% to 95% (60% / 69%) Interest rate curve / (C)(D) 1% (1% / 1%) Inflation volatility / (C)(D) 23% to 51% (38% / 37%) Inflation volatility / (A)(D) 58% (58% / 58%) Interest rate - Inflation correlation / (A)(D) -41% to -39% (-41% / -41%) Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times (2 times) Credit contracts ($(883) million and $(844) million) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points (11 points) 5 to 12 points (9 points) Comparable bond price / (C)(D) 0 to 75 points (24 points) 0 to 75 points (24 points) Correlation model : Credit correlation / (B) 24% to 83% (46%) 39% to 97% (57%) Foreign exchange contracts 3 ($(107) million and $141 million) Option model: Interest rate - Foreign exchange correlation / (A)(D) 28% to 58% (44% / 43%) Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% (43% / 43%) Interest rate volatility skew / (A)(D) 31% to 114% (73% / 67%) 29% to 82% (43% / 40%) Interest rate curve / (A)(D) 0% (0% / 0%) 0% (0% / 0%) Interest rate quanto correlation / (A)(D) -10% to 39% (5% / -4%) Equity contracts 3 ($140 million and $(2,031) million) Option model: At the money volatility / (C)(D) 6% to 64% (34%) At the money volatility / (A)(D) 16% to 65% (32%) Volatility skew / (A)(D) -4% to 0% (-1%) -3% to 0% (-1%) Equity - Equity correlation / (C)(D) 40% to 96% (71%) 40% to 99% (71%) Equity - Foreign exchange correlation / (C)(D) -70% to 40% (-24%) Equity - Foreign exchange correlation / (A)(D) -60% to -11% (-39%) Equity - Interest rate correlation / (C)(D) -7% to 52% (15% / 7%) -29% to 50% (16% / 8%) Commodity contracts ($1,294 million and $1,050 million) Option model: Forward power price / (C)(D) $9 to $95 ($32) per MWh $3 to $91 ($32) per MWh Commodity volatility / (C)(D) 6% to 57% (18%) Commodity volatility / (A)(D) 10% to 92% (18%) Cross commodity correlation / (C)(D) 43% to 99% (93%) 43% to 99% (93%) Investments: Principal investments ($726 million and $486 million) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 15% to 18% (17%) 16% (16%) Exit multiple / (A)(D) 7 to 21 times (6 times) 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 : EBITDA multiple / (A)(D) 6 to 25 times (12 times) 8 to 20 times (11 times) Forward capacity price / (A)(D) $4 to $9 ($7) $5 to $9 ($7) Comparable pricing: Comparable equity price / (A) 75% to 100% (84%) 43% to 100% (81%) Other ($210 million and $221 million) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 9% (9%) 10% (10%) Exit multiple / (A)(D) 12 times (12 times) 13 times (13 times) Market approach: EBITDA multiple / (A) 6 to 13 times (11 times) 7 to 14 times (12 times) Comparable pricing : Comparable equity price / (A) 100% (100%) 100% (100%) Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Liabilities at Fair Value Securities sold under agreements to repurchase ($149 million and $151 million) Discounted cash flow: Funding spread / (A) 118 to 122 bps (119 bps) 86 to 116 bps (105 bps) Other secured financings ($450 million and $461 million) Option model: Volatility skew / (C) -1% (-1%) -1% (-1%) Discounted cash flow : Discount rate / (C) 4% (4%) 4% to 13% (4%) Discounted cash flow: Funding spread / (A) 81 to 110 bps (96 bps) 95 to 113 bps (104 bps) Long-term borrowings ($2,042 million and $1,987 million) Option model : At the money volatility / (C)(D) 6% to 40% (33%) 20% to 50% (29%) Volatility skew / (C)(D) -2% to 0% (-1%) Volatility skew / (A)(D) -1% to 0% (-1%) Equity - Equity correlation / (A)(D) 41% to 98% (85%) 40% to 97% (77%) Equity - Foreign exchange correlation / (C)(D) -70% to 9% (-37%) -70% to -11% (-39%) Option model : Interest rate - Foreign exchange correlation / (A)(D) 54% (54% / 54%) Interest rate volatility skew / (A)(D) 25% (25% / 25%) 50% (50%) Equity volatility discount / (C)(D) 7% to 12% (10% / 10%) Equity volatility discount / (A)(D) 10% (10%) Comparable pricing: Comparable equity price / (A) 100% (100%) 100% (100%) Correlation model: Credit correlation / (B) 40% to 60% (52%) bps—Basis points . A basis point equals 1/100 th of 1%. Point s— Percentage of par MWh — Megawatt hours. EBITDA— Earnings before interest, taxes, depreciation and amortization 1. A mounts represent weighted averages except where simple averages and the median of the inputs are provided when more relevant . 2. Credit valuation adjustments (“CVA”) and funding valuation adjustments (“FVA”) are included in the balance but excluded from the Valuation Technique( s) and Significant Unobservable Inputs in the previous table. CVA is a Level 3 input when the underlying counterparty credit curve is unobservable. FVA is a Level 3 input in its entirety given the lack of observability of funding spreads in the principal m arket . 3. Includes derivative contracts with multiple r isks (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 redistribution of risk within the capital structure such that junior tranches become less (more) ri sky and senior tranches become more (less) risky. (C) Significant increase (decrease) in the unobservable input in isolation would result in a significantly lower (higher) fair value measurement. (D) There are no predictable relationships between the sig nificant unobservable inputs. For a description of the Firm’s significant unobservable inputs for all major categories of assets and liabilities, see Note 3 to the consolidated financial statements in the 2015 Form 10-K. F ollowing are the updates to significant unobservable inputs disclosed in the 2015 Form 10-K. Asset Coverage — t he ratio of a borrower’s underlying pledged assets less applicable costs relative to their outstand ing debt (while considering the loan’s principal and the seniority and security of the loan commitment). Fair Value of Investments Measured at Net Asset Value For a description of the Firm’s investments in private equity funds, real estate funds and hedge funds measured at fair value based on NAV, see Note 3 to the consolidated financial statements in the 2015 Form 10-K. Investments in Certain Funds Measured at NAV per Share At September 30, 2016 At December 31, 2015 $ in millions Fair Value Commitment Fair Value Commitment Private equity funds $ 1,650 $ 384 $ 1,917 $ 538 Real estate funds 1,218 105 1,337 128 Hedge funds 277 4 589 4 Total $ 3,145 $ 493 $ 3,843 $ 670 Non-Redeemable Funds by Projected Distribution Fair Value at September 30, 2016 Private Equity Real Estate $ in millions Funds Funds Less than 5 years $ 124 $ 91 5-10 years 890 678 Over 10 years 636 449 Total $ 1,650 $ 1,218 Restrictions Investments in hedge funds may be subject to lock-up or gate provisions . A lock-up provision is a provision which provides that during a certain initial period, an investor may not make a withdrawal from the fund . A gate provision restrict s the amount of redemption that an investor can demand on any redemption date. Hedge Funds Fair Value by Redemption Frequency At September 30, 2016 Quarterly 55% Every Six Months 27% Greater than Six Months 11% Subject to Lock-up Provisions 1 7% The remaining restriction period for these investments was primarily over three years . The redemption notice periods for hedge funds were primarily greater than six months . Hedge fund investments representing approximately 28% of the fair value cannot be redeemed as of September 30, 2016 because a gate provision has been imposed by the hedge fund manager primarily for indefinite periods. Fair Value Option The Firm elected the fair value option for certain eligible instruments that are risk managed on a fair value basis to mitigate income statement volatility caused by measurement basis differences between the elected instruments and their associated risk management transactions or to eliminate c omplexities of applying certain accounting models. Earnings Impact of Instruments under the Fair Value Option Interest Gains (Losses) Trading Income Included in $ in millions Revenues (Expense) Net Revenues Three Months Ended September 30, 2016 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Deposits 1 2 ─ 2 Short-term borrowings 1 (39) ─ (39) Securities sold under agreements to repurchase 1 7 (4) 3 Long-term borrowings 1 (1,068) (116) (1,184) Nine Months Ended September 30, 2016 Securities purchased under agreements to resell $ (2) $ 6 $ 4 Deposits 1 (1) (1) (2) Short-term borrowings 1 (3) ─ (3) Securities sold under agreements to repurchase 1 (5) (9) (14) Long-term borrowings 1 (3,322) (385) (3,707) Three Months Ended September 30, 2015 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Short-term borrowings 2 (85) ─ (85) Securities sold under agreements to repurchase 2 ─ (2) (2) Long-term borrowings 2 1,137 (129) 1,008 Nine Months Ended September 30, 2015 Securities purchased under agreements to resell $ (4) $ 7 $ 3 Short-term borrowings 2 (127) ─ (127) Securities sold under agreements to repurchase 2 4 (5) (1) Long-term borrowings 2 2,226 (399) 1,827 1. Gains (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

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	4. Derivative Instruments and Hedging Activities Fair Value, Notional and Offsetting of Derivative Assets and Liabilities Derivative Assets at September 30, 2016 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total Derivatives designated as accounting hedges Interest rate contracts $ 2,971 $ 3,471 $ — $ 6,442 $ 33,772 $ 69,219 $ — $ 102,991 Foreign exchange contracts 24 — — 24 3,355 127 — 3,482 Total derivatives designated as accounting hedges 2,995 3,471 — 6,466 37,127 69,346 — 106,473 Derivatives not designated as accounting hedges 1 Interest rate contracts 268,198 144,030 208 412,436 3,696,991 5,940,043 2,054,389 11,691,423 Credit contracts 11,977 2,747 — 14,724 389,167 132,408 — 521,575 Foreign exchange contracts 50,749 305 124 51,178 1,753,186 29,605 18,706 1,801,497 Equity contracts 22,739 — 20,682 43,421 358,008 — 291,873 649,881 Commodity contracts 10,543 — 3,059 13,602 66,102 — 87,714 153,816 Other 25 — — 25 1,548 — — 1,548 Total derivatives not designated as accounting hedges 364,231 147,082 24,073 535,386 6,265,002 6,102,056 2,452,682 14,819,740 Total gross derivatives 2 $ 367,226 $ 150,553 $ 24,073 $ 541,852 $ 6,302,129 $ 6,171,402 $ 2,452,682 $ 14,926,213 Amounts offset Counterparty netting (285,971) (146,721) (21,035) (453,727) Cash collateral netting (52,879) (2,161) — (55,040) Total derivative assets at fair value included in Trading assets $ 28,376 $ 1,671 $ 3,038 $ 33,085 Amounts not offset 3 Financial instruments collateral (10,464) — — (10,464) Other cash collateral (174) — — (174) Net exposure $ 17,738 $ 1,671 $ 3,038 $ 22,447 Derivative Liabilities at September 30, 2016 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total Derivatives designated as accounting hedges Interest rate contracts $ — $ — $ — $ — $ 7 $ 27 $ — $ 34 Foreign exchange contracts 309 23 — 332 5,494 694 — 6,188 Total derivatives designated as accounting hedges 309 23 — 332 5,501 721 — 6,222 Derivatives not designated as accounting hedges 1 Interest rate contracts 251,071 146,712 206 397,989 3,634,398 5,741,556 876,249 10,252,203 Credit contracts 13,461 2,703 — 16,164 453,893 118,266 — 572,159 Foreign exchange contracts 55,515 374 22 55,911 1,826,734 33,421 13,943 1,874,098 Equity contracts 25,299 — 21,353 46,652 374,098 — 295,580 669,678 Commodity contracts 7,723 — 2,943 10,666 69,764 — 65,585 135,349 Other 76 — — 76 4,429 — — 4,429 Total derivatives not designated as accounting hedges 353,145 149,789 24,524 527,458 6,363,316 5,893,243 1,251,357 13,507,916 Total gross derivatives 2 $ 353,454 $ 149,812 $ 24,524 $ 527,790 $ 6,368,817 $ 5,893,964 $ 1,251,357 $ 13,514,138 Amounts offset Counterparty netting (285,971) (146,721) (21,035) (453,727) Cash collateral netting (38,445) (3,097) — (41,542) Total derivative liabilities at fair value included in Trading liabilities $ 29,038 $ (6) $ 3,489 $ 32,521 Amounts not offset 3 Financial instruments collateral (11,922) — (649) (12,571) Other cash collateral (13) (3) — (16) Net exposure $ 17,103 $ (9) $ 2,840 $ 19,934 Derivative Assets at December 31, 2015 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total 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 $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total 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 $ 1,714.6 billion and $ 431.1 billion, respectively. The unsettled fair value on these futures contracts (excluded from this table) of $ 1,784 million and $ 55 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 enf orceable as follows: $ 4.2 billion of derivative assets and $ 5.0 billion of derivative liabilities at September 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 offsetting 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 $ 1,14 5 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. For a discussion of the Firm’s derivative instruments and hedging activities, see Note 4 to the consolidated financial statements in the 2015 Form 10-K . Gains (Losses) on Fair Value Hedges Gains (Losses) Recognized in Interest Expense Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2016 2015 2016 2015 Derivatives $ (733) $ 1,531 $ 2,386 $ 390 Borrowings 790 (1,696) (2,492) (678) Total $ 57 $ (165) $ (106) $ (288) Gains (Losses) on Net Investment Hedges Gains (Losses) Recognized in OCI (effective portion) Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2016 2015 2016 2015 Foreign exchange contracts 1 $ (60) $ 210 $ (396) $ 391 1 . Losses of $ 20 million in the current quarter and $ 59 million in the current year period recognized in Interest income were related to the forward points on the hedging instruments that were excluded from hedge effectiveness testing . Losses of $ 3 7 million in the prior year quarter and $ 117 million in the prior year period recognized in Interest income were related to the forward points on the hedging instruments that were excluded from hedge effectiveness testing. Gains (Losses) on Trading Instrument s Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Interest rate contracts $ 357 $ 216 $ 983 $ 1,141 Foreign exchange contracts 170 91 769 606 Equity security and index contracts 1 1,415 968 4,360 4,309 Commodity and other contracts 2 63 164 (61) 980 Credit contracts 604 152 1,369 871 Subtotal $ 2,609 $ 1,591 $ 7,420 $ 7,907 Debt valuation adjustments 3 — 435 — 742 Total trading revenue $ 2,609 $ 2,026 $ 7,420 $ 8,649 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 statements of comprehensive income. In the prior year quarter and prior year period, the DVA gains (losses) were recorded within Trading revenues in the consolidated statements of income. See Notes 2 and 14 for further informat ion. The previous table summarizes gains and losses included in Trading revenues in the consolidated statements 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 following 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. OTC Derivative Products—Trading Assets Counterparty Credit Rating and Remaining Maturity of OTC Derivative Assets Fair Value at September 30, 2016 1 Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting 2 Net Exposure Post-cash Collateral Net Exposure Post-collateral 3 $ in millions Less than 1 1-3 3-5 Over 5 Credit Rating 4 AAA $ 167 $ 383 $ 991 $ 4,603 $ (5,361) $ 783 $ 705 AA 2,095 1,847 1,913 13,532 (13,963) 5,424 3,252 A 7,940 7,561 4,958 28,357 (37,040) 11,776 6,345 BBB 3,764 3,895 2,825 14,720 (16,747) 8,457 6,386 Non-investment grade 2,760 2,102 746 3,433 (5,608) 3,433 2,721 Total $ 16,726 $ 15,788 $ 11,433 $ 64,645 $ (78,719) $ 29,873 $ 19,409 Fair Value at December 31, 2015 1 Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting 2 Net Exposure Post-cash Collateral Net Exposure Post-collateral 3 $ in millions Less than 1 1-3 3-5 Over 5 Credit Rating 4 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 . 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 collateral received is ne tted on a counterparty basis, provided legal right of offset exists. 3 . Fair value is shown, net of collateral received (primarily cash and U.S. government and agency securities). 4 . Obligor credit ratings are determined by the Credit Risk Management Department. 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. 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. Net Derivative Liabilities and Collat eral Posted $ in millions At September 30, 2016 Net derivative liabilities with credit risk- related contingent features $ 30,232 Collateral posted 26,761 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 Global Ratings (“ 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 scenarios based on the relevant contractual downgrade triggers. Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade $ in millions At September 30, 2016 1 One-notch downgrade $ 1,279 Two-notch downgrade 1,245 1 . Amounts include $ 1,758 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 downgrades. 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. For further information on credit derivatives and other credit contracts, see Note 4 to the consolidated financial statements in the 2015 Form 10-K. Protection Sold and Purchased with Credit Default Swaps At September 30, 2016 Protection Sold Protection Purchased $ in millions Notional Fair Value (Asset)/ Liability Notional Fair Value (Asset)/ Liability Single name credit default swaps $ 318,840 $ (1,188) $ 312,236 $ 1,139 Index and basket credit default swaps 169,147 286 142,842 (510) Tranched index and basket credit default swaps 38,157 (971) 112,512 2,684 Total $ 526,144 $ (1,873) $ 567,590 $ 3,313 At December 31, 2015 Protection Sold Protection Purchased $ in millions Notional Fair Value (Asset)/ Liability Notional Fair Value (Asset)/ Liability 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) For single name and non-tranched index and basket credit default swaps, the Firm has purchased protection with a not ional amount of approximately $ 452.2 billion and $ 577.7 billion at September 30, 2016 and December 31, 2015 , respectively, compared with a not ional amount of approximately $ 485.9 billion and $ 619.5 billion (included in the following tables) at September 30, 2016 and December 31, 2015 , respectively, of credit protection sold with identical un de rlying reference obligations. Credit Ratings of Reference Obligation and Maturities of Credit Protection Sold At September 30, 2016 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability 1 Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Single name credit default swaps 2 Investment grade $ 92,473 $ 81,544 $ 41,534 $ 12,856 $ 228,407 $ (1,438) Non-investment grade 40,204 34,089 14,633 1,507 90,433 250 Total single name credit default swaps 132,677 115,633 56,167 14,363 318,840 (1,188) Index and basket credit default swaps 2 Investment grade 22,936 35,780 25,744 16,044 100,504 (1,003) Non-investment grade 52,148 27,175 14,979 12,498 106,800 318 Total index and basket credit default swaps 75,084 62,955 40,723 28,542 207,304 (685) Total credit default swaps sold $ 207,761 $ 178,588 $ 96,890 $ 42,905 $ 526,144 $ (1,873) Other credit contracts 55 18 — 260 333 (9) Total credit derivatives and other credit contracts $ 207,816 $ 178,606 $ 96,890 $ 43,165 $ 526,477 $ (1,882) At December 31, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability 1 Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total 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 single name credit default swaps $ 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 index and basket credit default swaps $ 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 control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 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 September 30, 2016 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS debt securities U.S. government and agency securities: U.S. Treasury securities $ 27,669 $ 98 $ 54 $ 27,713 U.S. agency securities 1 24,179 183 18 24,344 Total U.S. government and agency securities 51,848 281 72 52,057 Corporate and other debt: Commercial mortgage- backed securities: Agency 1,991 5 26 1,970 Non-agency 2,153 35 8 2,180 Auto loan asset-backed securities 1,733 4 — 1,737 Corporate bonds 3,886 55 1 3,940 Collateralized loan obligations 515 — 4 511 FFELP student loan asset- backed securities 2 3,406 2 80 3,328 Total corporate and other debt 13,684 101 119 13,666 Total AFS debt securities 65,532 382 191 65,723 AFS equity securities 15 — 6 9 Total AFS securities 65,547 382 197 65,732 HTM securities U.S. government securities: U.S. Treasury securities 4,539 25 20 4,544 U.S. agency securities 1 8,685 101 1 8,785 Total HTM securities 13,224 126 21 13,329 Total Investment securities $ 78,771 $ 508 $ 218 $ 79,061 At December 31, 2015 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 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 assets- 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 Investment Securities in an Unrealized Loss Position At September 30, 2016 Less than 12 Months 12 Months or Longer Total $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS debt securities U.S. government and agency securities: U.S. Treasury securities $ 6,520 $ 54 $ — $ — $ 6,520 $ 54 U.S. agency securities 4,485 6 1,961 12 6,446 18 Total U.S. government and agency securities 11,005 60 1,961 12 12,966 72 Corporate and other debt: Commercial mortgage-backed securities: Agency — — 1,143 26 1,143 26 Non-agency 149 1 649 7 798 8 Auto loan asset-backed securities 99 — 175 — 274 — Corporate bonds 333 — 142 1 475 1 Collateralized loan obligations 13 — 498 4 511 4 FFELP student loan asset-backed securities — — 2,885 80 2,885 80 Total corporate and other debt 594 1 5,492 118 6,086 119 Total AFS debt securities 11,599 61 7,453 130 19,052 191 AFS equity securities 9 6 — — 9 6 Total AFS securities 11,608 67 7,453 130 19,061 197 HTM securities U.S. government and agency securities: U.S. Treasury securities 1,519 20 — — 1,519 20 U.S. agency securities 450 1 — — 450 1 Total HTM securities 1,969 21 — — 1,969 21 Total Investment securities $ 13,577 $ 88 $ 7,453 $ 130 $ 21,030 $ 218 At December 31, 2015 Less than 12 Months 12 Months or Longer Total $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses 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 September 30, 2016 and December 31, 2015 for the reasons discussed herein. For 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 information (as discussed in Note 2 to the consolidated financia l 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 loss on securities in an unrealized loss position is considere d 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 highly rated and because corporate bonds are all investment gr ade. 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, in cluding U.S. agency mortgage-backed securities, non-agency CMBS, auto loan ABS, CLO and FFELP student loan ABS . Investment Securities by Contractual Maturity At September 30, 2016 $ in millions Amortized Cost Fair Value Annualized Average Yield AFS debt securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 372 $ 372 0.7% After 1 year through 5 years 19,965 20,047 1.0% After 5 years through 10 years 7,332 7,294 1.4% Total 27,669 27,713 U.S. agency securities: After 1 year through 5 years 3,272 3,276 0.6% After 5 years through 10 years 1,130 1,150 1.9% After 10 years 19,777 19,918 1.6% Total 24,179 24,344 Total U.S. government and agency securities 51,848 52,057 1.3% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 83 84 0.9% After 1 year through 5 years 377 380 1.2% After 5 years through 10 years 564 565 1.2% After 10 years 967 941 1.6% Total 1,991 1,970 Non-agency: After 10 years 2,153 2,180 2.0% Total 2,153 2,180 Auto loan asset-backed securities: Due within 1 year 142 142 1.3% After 1 year through 5 years 1,489 1,492 1.4% After 5 years through 10 years 102 103 1.7% Total 1,733 1,737 Corporate bonds: Due within 1 year 563 563 1.3% After 1 year through 5 years 2,620 2,656 1.8% After 5 years through 10 years 703 721 2.5% Total 3,886 3,940 Collateralized loan obligations: After 5 years through 10 years 502 498 1.5% After 10 years 13 13 1.5% Total 515 511 FFELP student loan asset-backed securities: After 1 year through 5 years 86 86 0.7% After 5 years through 10 years 870 847 0.9% After 10 years 2,450 2,395 1.0% Total 3,406 3,328 Total corporate and other debt 13,684 13,666 1.5% Total AFS debt securities 65,532 65,723 1.3% AFS equity securities 15 9 ― % Total AFS securities 65,547 65,732 1.3% HTM securities U.S. government securities: U.S. Treasury securities: Due within 1 year 500 500 0.7% After 1 year through 5 years 1,107 1,116 1.2% After 10 years 2,932 2,928 1.8% Total 4,539 4,544 U.S. agency securities: After 10 years 8,685 8,785 2.0% Total 8,685 8,785 Total HTM securities 13,224 13,329 1.8% Total Investment securities $ 78,771 $ 79,061 1.4% Gross Realized Gains and Losses on Sales of AFS Securities Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Gross realized gains $ 45 $ 22 $ 130 $ 91 Gross realized (losses) — (4) (3) (17) Total $ 45 $ 18 $ 127 $ 74 Gross realized gains and losses are recognized in Other revenues in the consolidated statements of income.

Collateralized Transactions

Collateralized Transactions	9 Months Ended
	Sep. 30, 2016
Collateralized Transactions
Collateralized Transactions	6. Collateralized Transactions The Firm enters into securities purchased under agreements to resell , securities sold under agreements to repurchase , 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 September 30, 2016 $ in millions Gross Amounts 1 Amounts Offset Net Amounts Presented Amounts Not Offset 2 Net Exposure Assets Securities purchased under agreements to resell $ 162,348 $ (71,769) $ 90,579 $ (83,064) $ 7,515 Securities borrowed 136,370 (10,090) 126,280 (121,245) 5,035 Liabilities Securities sold under agreements to repurchase $ 118,705 $ (71,769) $ 46,936 $ (39,291) $ 7,645 Securities loaned 26,605 (10,090) 16,515 (16,336) 179 At December 31, 2015 $ in millions Gross Amounts 1 Amounts Offset Net Amounts Presented Amounts Not Offset 2 Net Exposure 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: $ 7.0 billion of Securities purchased under agreements to resell, $ 1.4 billion of Securities borrowed, $ 6.9 billion of Securities sold under agreements to repurchase and $ 0.1 billion of Securities loaned at September 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 at 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 informati on related to offsetting of derivatives, see Note 4. Secured Financing Transactions—Maturities and Collateral Pledged Gross Secured Financing Balances by Remaining Contractual Maturity At September 30, 2016 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase 1 $ 37,212 $ 31,284 $ 24,697 $ 25,512 $ 118,705 Securities loaned 1 15,613 134 3,128 7,730 26,605 Gross amount of secured financing included in the offsetting disclosure $ 52,825 $ 31,418 $ 27,825 $ 33,242 $ 145,310 Trading liabilities ― Obligation to return securities received as collateral 20,935 — — — 20,935 Total $ 73,760 $ 31,418 $ 27,825 $ 33,242 $ 166,245 At December 31, 2015 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total 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 Trading liabilities ― 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 $ in millions At September 30, 2016 At December 31, 2015 Securities sold under agreements to repurchase 1 U.S. government and agency securities $ 46,027 $ 36,609 State and municipal securities 647 173 Other sovereign government obligations 46,527 24,820 Asset-backed securities 2,668 441 Corporate and other debt 8,139 4,020 Corporate equities 14,017 18,473 Other 680 213 Total securities sold under agreements to repurchase $ 118,705 $ 84,749 Securities loaned 1 U.S. government and agency securities $ 272 $ — Other sovereign government obligations 10,126 7,336 Corporate and other debt 105 71 Corporate equities 16,047 16,972 Other 55 8 Total securities loaned $ 26,605 $ 24,387 Gross amount of secured financing included in the offsetting disclosure $ 145,310 $ 109,136 Trading liabilities ― Obligation to return securities received as collateral Corporate and other debt $ — $ 3 Corporate equities 20,916 19,313 Other 19 — Total Trading liabilities ― obligation to return securities received as collateral $ 20,935 $ 19,316 Total $ 166,245 $ 128,452 1. Amounts 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 securities sold under agreements to repurchase 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 September 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 right to sell or repledge the collateral, were $ 40.3 billion and $ 35.0 billion, respect ively. Collateral Received The Firm receives collateral in the form of securities in connection with securities purchased under agreements to resell, securities 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 securities sold under agreements to repurchase , to enter into securities lending and derivative transactions or for delivery to co unterparties to cover short positions. The Firm additionally receives securities as collateral in connection with certain securities-for-securities transactions in which it is the lender. In instances where the Firm is permitted to sell or repledge these s ecurities, 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 September 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 $ 551.8 billion and $ 522.6 billion, respectively, and the fair value of the portion that had been sold or repl edged was $ 433.8 billion and $ 398.1 billion, respectively. Other The Firm engages in margin lending to clients that allows the client to borrow against the value of qualifying securities. Margin loans are included within Customer and other receivab les 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 obligations, corporate and other debt, and corporate equities. Custom er 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 daily and, pursuant to such guidelines, requires customers to de posit additional collateral, or reduce positions, when necessary. At September 30, 2016 and December 31, 2015 , the amounts related to margin lending were approximately $ 28.0 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 a further discussion of other secured financings , see Note 10. Cash and Securities Deposited with Clearing Organizations or Segregated $ in millions At September 30, 2016 At December 31, 2015 Securities 1 $ 16,625 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 30,784 31,469 Total $ 47,409 $ 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	9 Months Ended
	Sep. 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 September 30, 2016 $ in millions Loans Held for Investment Loans Held for Sale Total Loans 1,2 Loans by Product Type Corporate loans $ 24,792 $ 10,223 $ 35,015 Consumer loans 24,717 — 24,717 Residential real estate loans 23,562 79 23,641 Wholesale real estate loans 7,616 1,806 9,422 Total loans, gross 80,687 12,108 92,795 Allowance for loan losses (287) — (287) Total loans, net $ 80,400 $ 12,108 $ 92,508 At December 31, 2015 $ in millions Loans Held for Investment Loans Held for Sale Total Loans 1,2 Loans by Product Type Corporate loans $ 23,554 $ 11,924 $ 35,478 Consumer loans 21,528 — 21,528 Residential real estate loans 20,863 104 20,967 Wholesale real estate loans 6,839 1,172 8,011 Total loans, gross 72,784 13,200 85,984 Allowance for loan losses (225) — (225) Total loans, net $ 72,559 $ 13,200 $ 85,759 Amounts include loans that are made to non-U.S. borrowers of $ 8 , 975 million and $ 9,789 million at September 30, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 10,450 million and $ 82,058 million, respectively, at September 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 September 30, 2016 $ in millions Corporate Consumer Residential Real Estate Wholesale Real Estate Total Pass $ 23,145 $ 24,717 $ 23,524 $ 7,321 $ 78,707 Special mention 357 — — 106 463 Substandard 1,152 — 38 189 1,379 Doubtful 138 — — — 138 Loss — — — — — Total loans $ 24,792 $ 24,717 $ 23,562 $ 7,616 $ 80,687 At December 31, 2015 $ in millions Corporate Consumer Residential Real Estate Wholesale Real Estate Total 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. Impaired and Past Due Loans by Product Type At September 30, 2016 $ in millions Corporate Residential Real Estate Total Impaired loans with allowance $ 181 $ — $ 181 Impaired loans without allowance 1 186 28 214 Impaired loans unpaid principal balance 2 374 30 404 Past due 90 days loans and on nonaccrual 1 21 22 At December 31, 2015 $ in millions Corporate Residential Real Estate Total Impaired loans with allowance $ 39 $ — $ 39 Impaired loans without allowance 1 89 17 106 Impaired loans unpaid principal balance 2 130 19 149 Past due 90 days loans and on nonaccrual 1 21 22 At September 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 with out allowance due to various factors, including charge-offs and net deferred loan fees or costs. Select Loan Information by Region At September 30, 2016 $ in millions Americas EMEA Asia-Pacific Total Impaired loans $ 395 $ — $ — $ 395 Past due 90 days loans and on nonaccrual 22 — — 22 Allowance for loan losses 254 29 4 287 At December 31, 2015 $ in millions Americas EMEA Asia-Pacific Total Impaired loans $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 22 — — 22 Allowance for loan losses 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 $ in millions Total Allowance for Loan Losses Balance at December 31, 2015 $ 166 $ 5 $ 17 $ 37 $ 225 Gross charge-offs (15) — — — (15) Gross recoveries — — — — — Net recoveries/(charge-offs) (15) — — — (15) Provision for (release of) loan losses 1 120 (2) 3 8 129 Other 2 (52) — — — (52) Balance at September 30, 2016 $ 219 $ 3 $ 20 $ 45 $ 287 Allowance for Loan Losses by Impairment Methodology Inherent $ 142 $ 3 $ 20 $ 45 $ 210 Specific 77 — — — 77 Total allowance for loan losses at September 30, 2016 $ 219 $ 3 $ 20 $ 45 $ 287 Loans Evaluated by Impairment Methodology 3 Inherent $ 24,425 $ 24,717 $ 23,534 $ 7,616 $ 80,292 Specific 367 — 28 — 395 Total loans evaluated at September 30, 2016 $ 24,792 $ 24,717 $ 23,562 $ 7,616 $ 80,687 Allowance for Lending Commitments Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments 1 9 — — — 9 Other (7) — — — (7) Balance at September 30, 2016 $ 182 $ 1 $ — $ 4 $ 187 Allowance for Lending Commitments by Impairment Methodology Inherent $ 180 $ 1 $ — $ 4 $ 185 Specific 2 — — — 2 Total allowance for lending commitments at September 30, 2016 $ 182 $ 1 $ — $ 4 $ 187 Lending Commitments Evaluated by Impairment Methodology 3 Inherent $ 64,261 $ 5,561 $ 326 $ 536 $ 70,684 Specific 76 — — — 76 Total lending commitments evaluated at September 30, 2016 $ 64,337 $ 5,561 $ 326 $ 536 $ 70,760 Corporate Consumer Residential Real Estate Wholesale Real Estate $ in millions Total 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 31 — 3 1 35 Other (11) — — — (11) Balance at September 30, 2015 $ 139 $ 2 $ 10 $ 22 $ 173 Allowance for Loan Losses by Impairment Methodology Inherent $ 134 $ 2 $ 10 $ 22 $ 168 Specific 5 — — — 5 Total allowance for loan losses at September 30, 2015 $ 139 $ 2 $ 10 $ 22 $ 173 Loans Evaluated by Impairment Methodology 3 Inherent $ 22,426 $ 20,447 $ 19,615 $ 6,577 $ 69,065 Specific 93 — 25 — 118 Total loans evaluated at September 30, 2015 $ 22,519 $ 20,447 $ 19,640 $ 6,577 $ 69,183 Allowance for Lending Commitments Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments 1 11 — — 1 12 Balance at September 30, 2015 $ 158 $ — $ — $ 3 $ 161 Allowance for Lending Commitments by Impairment Methodology Inherent $ 158 $ — $ — $ 3 $ 161 Total allowance for lending commitments at September 30, 2015 $ 158 $ — $ — $ 3 $ 161 Lending Commitments Evaluated by Impairment Methodology 3 Inherent $ 65,627 $ 4,587 $ 310 $ 446 $ 70,970 Specific 128 — — — 128 Total lending commitments evaluated at September 30, 2015 $ 65,755 $ 4,587 $ 310 $ 446 $ 71,098 No material provision was recorded for the current quarter and the prior year quarter, respectively. Amount includes $ 51 million of allowance related to loans of $ 413 million that were transferred to loans held for sale during the current year period . Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments. Troubled Debt Restructurings At September 30, 2016 and December 31, 2015 , the impaired loans and lending commitments classified as held for investment include troubled debt restructurings of $ 52.8 million and $ 44.0 million related to loans and $ 13.9 million and $ 34.8 million related to lending commitments, respectively, within corporate loans. At September 30, 2016 the Firm did not record an allowance related to these troubled debt restructurings. At December 31, 2015 , an allowance of $ 5.1 millio n was recorded. These restructurings typically include 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 Compensation and benefits expense. At September 30, 2016 , the Firm had $ 4,821 million of employee loans, net of an allowance of approximately $ 96 million. At December 31, 2015 , the Firm had $ 4,923 million of employee loans, net of an allowance of approximately $ 108 million.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 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 $ 3,168 million and $ 3,144 million at September 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 $ (40) million for the current quarte r and $ 35 million for the prior year quarter, and $ (39) million for the current year period and $ 118 million for the prior year period, and is included in Other revenues in the consolidated statements of income. In addition, a loss of $ 35 million was recognized in the current year period in connection 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. T he Firm recorded income from its 40% interest in MUMSS of $ 26 million in the current quarter a nd $ 54 million in the prior year quarter , and income of $ 83 million in the current year period and $ 194 million in the prior year period, within Other revenues in the co nsolidated statements of income .

Deposits

Deposits	9 Months Ended
	Sep. 30, 2016
Deposits [Abstract]
Deposits	9. De posi ts Deposits At September 30, At December 31, $ in millions 2016 1 2015 1 Savings and demand deposits $ 150,244 $ 153,346 Time deposits 2 1,599 2,688 Total 3 $ 151,843 $ 156,034 1. Total deposits subject to Federal Deposit Insurance Corporation (''FDIC'') insurance at September 30, 2016 and December 31, 2015 were $125 billion and $113 billion, respectively. Of the total time deposits subject to the FDIC insurance at September 30, 2016 and December 31, 2015, $12 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 September 30, 2016 included $ 150,228 million of savings deposits payable upon demand and $ 728 million of time deposits maturing in 2016, $ 805 million of time deposits maturing in 2017 and $ 12 million of time deposits maturing in 20 18.

Long-Term Borrowings and Other

Long-Term Borrowings and Other Secured Financings	9 Months Ended
	Sep. 30, 2016
Components of Long-term Borrowings and 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 $ in millions At September 30, 2016 At December 31, 2015 Senior debt $ 152,917 $ 140,494 Subordinated debt 11,010 10,404 Junior subordinated debentures — 2,870 Total $ 163,927 $ 153,768 The Firm issued notes with a principal amount of approximately $ 27.5 billion in the current year period and $ 30.2 billion in the prior year period, and approximately $ 22.9 billion and $ 17.6 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 5.9 years and 6.1 years at September 30, 2016 and December 31, 2015 , respectively. Trust Preferred Securities During the current quarter, Morgan Stanley Capital Trust III, Morgan Stanley Capital Trust IV, Morgan Stanley Capital Trust V and Morgan Stanley Capital Trust VIII redeemed all of their issued and outstanding Capital Securities pursuant to the optional redemption provisions provided in the respective governing documents. In the aggregate, $ 2.8 billion was redeemed. We concurrently redeemed the related underlying junior subordinated debent ures. 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 information on Other secured financings related to VIEs and securitization activities. Components of Other Secured Financings $ in millions At September 30, 2016 At December 31, 2015 Secured financings with original maturities greater than one year $ 8,251 $ 7,629 Secured financings with original maturities one year or less 1,292 1,435 Failed sales 1 269 400 Total $ 9,812 $ 9,464 For more information o n failed sales, see Note 12.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	9 Months Ended
	Sep. 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 September 30, 2016 Less $ in millions than 1 1-3 3-5 Over 5 Total Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 122 $ 1 $ 1 $ 42 $ 166 Investment activities 551 101 33 273 958 Corporate lending commitments 1 16,695 22,606 46,098 1,556 86,955 Consumer lending commitments 5,555 2 — 4 5,561 Residential real estate lending commitments 79 43 96 227 445 Wholesale real estate lending commitments 118 328 111 79 636 Forward-starting securities purchased under agreements to resell and securities borrowed 2 70,997 — — — 70,997 Underwriting commitments 51 — — — 51 Total $ 94,168 $ 23,081 $ 46,339 $ 2,181 $ 165,769 1. Due to the nature of the Firm’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 5.7 billion. 2. The Firm enters into forward-starting securities purchased under agreements to resell and securities borrowed agreements that primarily settle within three business days of the trade date, and of the total amount at September 30, 2016 , $ 60.3 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 th e Firm’s Board of Directors, may participate on the same terms and conditions as other investors in certain of these funds that the Firm sponsors primarily for client investment, except that the Firm may waive or lower applicable fees and charges for its empl oyees. The Firm has contractual capital commitments, guarantees, lending facilities and counterparty arrangements with respect to these investment funds. Guarantees Obligations Under Guarantee Arrangements at September 30, 2016 Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Credit derivative contracts 1 $ 207,761 $ 178,588 $ 96,890 $ 42,905 $ 526,144 $ (1,873) $ — Other credit contracts 55 18 — 260 333 (9) — Non-credit derivative contracts 1 994,398 644,322 269,117 551,899 2,459,736 73,892 — Standby letters of credit and other financial guarantees issued 2 1,177 651 1,480 5,590 8,898 (129) 6,886 Market value guarantees 52 254 93 13 412 2 6 Liquidity facilities 3,038 — — — 3,038 (5) 5,404 Whole loan sales guarantees — — 2 23,359 23,361 8 — Securitization representations and warranties — — — 60,333 60,333 103 — General partner guarantees 8 36 52 309 405 50 — 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. These amounts include certain issued standby letters of credit participated to third parties totaling $ 0.8 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, 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 transactions. The se 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 financial 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 physic al 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 . Finance Subsidiary The Parent Company fully and unconditionally guarantees the securities issued by Morgan Stanley Finance LLC, a 100%-owned finance subsidiary. Contingencies

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	9 Months Ended
	Sep. 30, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Variable Interest Entity Disclosures	12. Variable Interest Entities and Securitization Activities Overview For a 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 September 30, 2016. See Note 2 for further information. Consolidated VIEs Assets and Liabilities by Type of Activity At September 30, 2016 At December 31, 2015 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 572 7 787 13 Asset-backed securitizations 1 597 371 668 423 Other 2 916 32 245 — Total $ 2,986 $ 410 $ 2,600 $ 436 Asset-backed securitizations include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets including consumer or commercial assets. 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 operati ng entities, investment funds and structured transactions. Assets and Liabilities by Balance Sheet Caption At September 30, At December 31, $ in millions 2016 2015 Assets Cash and due from banks $ 86 $ 14 Trading assets, at fair value 1,889 1,842 Customer and other receivables 7 3 Goodwill 18 — Intangible assets 138 — Other assets 848 741 Total assets $ 2,986 $ 2,600 Liabilities Other secured financings, at fair value $ 378 $ 431 Other liabilities and accrued expenses 32 5 Total liabilities $ 410 $ 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 September 30, 2016 and December 31, 2015 , n oncontrol ling interests in the c onsoli dated financial statements related to consolidated VIEs were $ 204 million and $ 37 mil lion, respectively. The Firm also had additional maximum exposure to losses of approximately $ 78 million and $ 72 million at September 30, 2016 and December 31, 2015 , respectively , primarily related to certain derivatives, co mmitments, guarantees and other forms of involvement . Non-c onsolidated 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 , and exclude exposure to loss from liabilities due to immateriality . Most of the VIEs included in the following tables a re sponsored by unrelated parties; the Firm ’s involvement generally is the result of its secondary market-making activities, securities held in its Investment securities portfolio (see Note 5), and c ertain investments in funds. Non-Consolidated VIE Assets, Maximum and Carrying Value of Exposure to Loss At September 30, 2016 $ in millions Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other VIE assets that the Firm does not consolidate (unpaid principal balance) $ 120,846 $ 4,875 $ 5,070 $ 4,597 $ 39,119 Maximum exposure to loss Debt and equity interests $ 12,505 $ 741 $ 45 $ 1,639 $ 5,011 Derivative and other contracts — — 3,038 — 46 Commitments, guarantees and other 714 196 — 373 363 Total maximum exposure to loss $ 13,219 $ 937 $ 3,083 $ 2,012 $ 5,420 Carrying value of exposure to loss—Assets Debt and equity interests $ 12,505 $ 741 $ 12 $ 1,248 $ 5,011 Derivative and other contracts — — 6 — 15 Total carrying value of exposure to loss—Assets $ 12,505 $ 741 $ 18 $ 1,248 $ 5,026 At December 31, 2015 $ in millions Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other 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 Non-Consolidated VIE Mortgage- and Asset-Backed Securitization Assets At September 30, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests $ in millions Residential mortgages $ 7,824 $ 620 $ 13,787 $ 1,012 Commercial mortgages 63,835 2,705 57,313 2,871 U.S. agency collateralized mortgage obligations 18,744 3,532 13,236 2,763 Other consumer or commercial loans 30,443 5,648 42,536 6,715 Total mortgage- and asset- backed securitization assets $ 120,846 $ 12,505 $ 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 $ 13.3 billion and $ 12.9 billion at September 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 September 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. Transactions with SPEs in which the Firm, acting as principal, transferred financial assets with continuing involvement and received sales treatment are shown below . Transfers of Assets with Continuing Involvement At September 30, 2016 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other 1 $ in millions SPE assets (unpaid principal balance) 2 $ 19,196 $ 61,089 $ 14,433 $ 11,497 Retained interests (fair value) Investment grade $ — $ 65 $ 518 $ — Non-investment grade 6 72 — 973 Total retained interests (fair value) $ 6 $ 137 $ 518 $ 973 Interests purchased in the secondary market (fair value) Investment grade $ — $ 131 $ 156 $ — Non-investment grade 24 89 — — Total interests purchased in the secondary market (fair value) $ 24 $ 220 $ 156 $ — Derivative assets (fair value) $ — $ 301 $ — $ 111 Derivative liabilities (fair value) — — — 443 At December 31, 2015 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other 1 $ 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 include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. At September 30, 2016 $ in millions Level 2 Level 3 Total Retained interests (fair value) Investment grade $ 583 $ — $ 583 Non-investment grade 31 1,020 1,051 Total retained interests (fair value) $ 614 $ 1,020 $ 1,634 Interests purchased in the secondary market (fair value) Investment grade $ 287 $ — $ 287 Non-investment grade 100 13 113 Total interests purchased in the secondary market (fair value) $ 387 $ 13 $ 400 Derivative assets (fair value) $ 396 $ 16 $ 412 Derivative liabilities (fair value) 82 361 443 At December 31, 2015 $ in millions Level 2 Level 3 Total 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Proceeds received from new securitization transactions $ 6,819 $ 6,105 $ 13,695 $ 17,270 Proceeds from retained interests in securitization transactions 768 476 1,901 2,082 Net gains on sale of assets in securitization transactions at the time of the sale were not material for all periods presented. 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Proceeds from sale of corporate loans sold to those SPEs $ 199 $ 121 $ 230 $ 1,086 Net gains on sale of corporate loans to CLO transactions at the time of sale were not material for all periods presented. 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. Carrying and Fair Value of Assets Sold and Retained Interest Exposure $ in millions At September 30, 2016 At December 31, 2015 Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,792 $ 7,878 Fair value of assets sold 9,900 7,935 Fair value of derivative assets recognized in the consolidated balance sheets 118 97 Fair value of derivative liabilities recognized in the consolidated balance sheets 10 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 certain 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 liabilities a re 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 September 30, 2016 At December 31, 2015 $ in millions Assets Liabilities Assets Liabilities Failed sales $ 269 $ 269 $ 400 $ 400

Regulatory Requirements

Regulatory Requirements	9 Months Ended
	Sep. 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 ad dition 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 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% of 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 executive of ficers. 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 September 30, 2016 and December 31, 2015 , the Firm’s binding ratios are based on the Advanced Approach transitional rules. Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Minimum Ratio 1 Regulatory capital and capital ratios Common Equity Tier 1 capital $ 60,340 16.8% 5.9% Tier 1 capital 67,603 18.9% 7.4% Total capital 78,838 22.0% 9.4% Tier 1 leverage 2 — 8.3% 4.0% Assets Total RWAs $ 358,486 N/A N/A Adjusted average assets 3 809,927 N/A N/A At December 31, 2015 $ in millions Amount Ratio Minimum Ratio 1 Regulatory capital and capital ratios Common Equity Tier 1 capital $ 59,409 15.5% 4.5% Tier 1 capital 66,722 17.4% 6.0% Total capital 79,403 20.7% 8.0% Tier 1 leverage 2 — 8.3% 4.0% Assets Total RWAs $ 384,162 N/A N/A Adjusted average assets 3 803,574 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, cert ain 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 September 30, 2016 and December 31, 2015 , the Firm’s U.S. Bank Subsidiaries’ binding ratios are based on the Standardized Approach t ransitional rules. MSBNA’s Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 13,105 15.7% 6.5% Tier 1 capital 13,105 15.7% 8.0% Total capital 14,577 17.5% 10.0% Tier 1 leverage 13,105 10.1% 5.0% At December 31, 2015 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 13,333 15.1% 6.5% Tier 1 capital 13,333 15.1% 8.0% Total capital 15,097 17.1% 10.0% Tier 1 leverage 13,333 10.2% 5.0% 1. Capital ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes. MSPBNA’s Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 5,264 26.5% 6.5% Tier 1 capital 5,264 26.5% 8.0% Total capital 5,298 26.7% 10.0% Tier 1 leverage 5,264 10.5% 5.0% At December 31, 2015 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 4,197 26.5% 6.5% Tier 1 capital 4,197 26.5% 8.0% Total capital 4,225 26.7% 10.0% Tier 1 leverage 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 September 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, 170 million and $ 10,254 mill ion at September 30, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 8, 093 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 September 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 $ 3,858 million and $ 3,613 million at September 30, 2016 and December 31, 2015 , respectively, which exceeded the amount required by $ 3,711 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	9 Months Ended
	Sep. 30, 2016
Redeemable Noncontrolling Interests and Total Equity
Total Equity	14. Total Equi ty Dividends and Share Repurchases The Firm repurchased approximately $ 1,250 million of our outstanding common stock as part of our share repurchase program during the current quarter and $ 2,500 million during the current year period. The Firm repurchased approximately $ 625 million during the prior year quarter and $ 1,500 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 Board of Governors of the Federal Reserve System (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. Additionally, 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 N ote 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 financial statements in the 2015 Form 10-K. Dividends declared on the Firm’s outstanding preferred stock were $ 78 million during the current quarter and $78 million duri ng the prior year quarter, and $ 312 million during the current year period and $297 million during the prior year period. On September 15 , 2016 , the Firm announced that the Board declared a quarterly dividend for preferred stock s hareholders of record on September 30, 2016 that was paid on October 17 , 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 stock qua lifies as Tier 1 capital in accordance with regulatory capital requirements (see Note 13 ) . Preferred Stock Outstanding $ in millions, except per share data Shares Outstanding Carrying Value At Liquidation At At September 30, Preference September 30, December 31, 2016 per Share 2016 2015 Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 comprised 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 $ 503 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 $ in millions Foreign Currency Translation Adjustments AFS Securities Pensions, Postretirement and Other DVA Total Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) Change in OCI before reclassifications 25 (69) — (94) (138) Amounts reclassified from AOCI 2 — (30) (1) 4 (27) Net OCI during the period 25 (99) (1) (90) (165) Balance at September 30, 2016 $ (754) $ 120 $ (379) $ (57) $ (1,070) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — $ (1,447) Change in OCI before reclassifications (76) 111 2 — 37 Amounts reclassified from AOCI 2 — (11) 2 — (9) Net OCI during the period (76) 100 4 — 28 Balance at September 30, 2015 $ (909) $ (1) $ (509) $ — $ (1,419) $ in millions Foreign Currency Translation Adjustments AFS Securities Pensions, Postretirement and Other DVA Total 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 209 521 (3) 277 1,004 Amounts reclassified from AOCI 2, 3 — (82) (2) (22) (106) Net OCI during the period 209 439 (5) 255 898 Balance at September 30, 2016 $ (754) $ 120 $ (379) $ (57) $ (1,070) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (246) 118 (2) — (130) Amounts reclassified from AOCI 2 — (46) 5 — (41) Net OCI during the period (246) 72 3 — (171) Balance at September 30, 2015 $ (909) $ (1) $ (509) $ — $ (1,419) 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. Amounts reclassified from AOCI related to realized gains and losses from sales of AFS securities are classified within Other revenues in the consolidated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (17) million in the current quart er and $ (47) million in the current year period, and $ (7) million in the prior year quarter and $ (27) million in the prior year period . Amounts reclassified from AOCI related to realization of DVA are classified within Trading revenues in the consolidated stat ements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ 2 million in the current quarter and $ (13) million in the current year period. See Note 2 for further information. Noncontrolling Interests Noncontrolling interests were $ 1,313 million and $ 1,002 million at September 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	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share	15. Earnings per Common Shar e Calculation of Basic and Diluted Earnings per Common Share (“EPS”) Three Months Ended Nine Months Ended September 30, September 30, in millions, except for per share data 2016 2015 2016 2015 Basic EPS Income from continuing operations $ 1,632 $ 1,051 $ 4,442 $ 5,352 Income (loss) from discontinued operations 8 (2) 1 (9) Net income 1,640 1,049 4,443 5,343 Net income applicable to noncontrolling interests 43 31 130 124 Net income applicable to Morgan Stanley 1,597 1,018 4,313 5,219 Less: Preferred stock dividends (78) (78) (312) (297) Less: Allocation of (earnings) loss to participating RSUs 1 (1) (1) (2) (4) Earnings applicable to Morgan Stanley common shareholders $ 1,518 $ 939 $ 3,999 $ 4,918 Weighted average common shares outstanding 1,838 1,904 1,863 1,916 Earnings per basic common share Income from continuing operations $ 0.82 $ 0.49 $ 2.15 $ 2.57 Income (loss) from discontinued operations 0.01 — — — Earnings per basic common share $ 0.83 $ 0.49 $ 2.15 $ 2.57 Diluted EPS Earnings applicable to Morgan Stanley common shareholders $ 1,518 $ 939 $ 3,999 $ 4,918 Weighted average common shares outstanding 1,838 1,904 1,863 1,916 Effect of dilutive securities: Stock options and RSUs 1 41 45 35 42 Weighted average common shares outstanding and common stock equivalents 1,879 1,949 1,898 1,958 Earnings per diluted common share Income from continuing operations $ 0.80 $ 0.48 $ 2.11 $ 2.52 Income (loss) from discontinued operations 0.01 — — (0.01) Earnings per diluted common share $ 0.81 $ 0.48 $ 2.11 $ 2.51 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 mil lion shares for the current quarter and 12 million shares for the prior year quarter , and 15 million shares for the current year period and 12 million s hares for the prior year period .

Interest Income and Interest Ex

Interest Income and Interest Expense	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Interest income 1 Trading assets 2 $ 526 $ 568 $ 1,651 $ 1,707 Investment securities 289 211 762 650 Loans 698 560 2,026 1,573 Interest bearing deposits with banks 30 29 134 74 Securities purchased under agreements to resell and Securities borrowed 3 (118) (99) (315) (404) Customer receivables and Other 4 309 182 890 721 Total interest income $ 1,734 $ 1,451 $ 5,148 $ 4,321 Interest expense 1 Deposits $ 12 $ 17 $ 48 $ 51 Short-term borrowings (3) 7 12 16 Long-term borrowings 817 908 2,621 2,749 Securities sold under agreements to repurchase and Securities loaned 5 228 254 761 797 Customer payables and Other 6 (323) (497) (1,109) (1,348) Total interest expense $ 731 $ 689 $ 2,333 $ 2,265 Net interest $ 1,003 $ 762 $ 2,815 $ 2,056 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. Includes fees pa id on Securities borrowed. 4. Inclu des 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 transactions incurred to co ver customers’ short positions .

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Service cost, benefits earned during the period $ 6 $ 5 $ 14 $ 15 Interest cost on projected benefit obligation 38 39 115 116 Expected return on plan assets (31) (30) (91) (89) Net amortization of prior service credit (4) (4) (13) (14) Net amortization of actuarial loss 3 6 9 19 Net periodic benefit expense $ 12 $ 16 $ 34 $ 47

Income Taxes

Income Taxes	9 Months Ended
	Sep. 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 201 7 , 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 chan ge. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur within the next 12 months related to ce rtain tax authority examinations referred to herein . At this time, however, it is not possible to reasonabl y estimate the expected change to the total amount of unrecognized tax benefits and the impact on the Firm’s effective 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	9 Months Ended
	Sep. 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 by Business Segment Three Months Ended September 30, 2016 $ in millions Institutional Securities 1,2 Wealth Management 2 Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 4,436 $ 2,996 $ 551 $ (77) $ 7,906 Interest income 980 979 1 (226) 1,734 Interest expense 863 94 — (226) 731 Net interest 117 885 1 — 1,003 Net revenues $ 4,553 $ 3,881 $ 552 $ (77) $ 8,909 Income (loss) from continuing operations before income taxes $ 1,383 $ 901 $ 97 $ — $ 2,381 Provision (benefit) for income taxes 381 337 31 — 749 Income (loss) from continuing operations 1,002 564 66 — 1,632 Income from discontinued operations, net of income taxes 8 — — — 8 Net income (loss) 1,010 564 66 — 1,640 Net income (loss) applicable to noncontrolling interests 44 — (1) — 43 Net income (loss) applicable to Morgan Stanley $ 966 $ 564 $ 67 $ — $ 1,597 Three Months Ended September 30, 2015 $ in millions Institutional Securities 1 Wealth Management Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 3,889 $ 2,889 $ 278 $ (51) $ 7,005 Interest income 825 777 — (151) 1,451 Interest expense 810 26 4 (151) 689 Net interest 15 751 (4) — 762 Net revenues $ 3,904 $ 3,640 $ 274 $ (51) $ 7,767 Income (loss) from continuing operations before income taxes $ 688 $ 824 $ (38) $ — $ 1,474 Provision (benefit) for income taxes 141 315 (33) — 423 Income (loss) from continuing operations 547 509 (5) — 1,051 Income (loss) from discontinued operations, net of income taxes (3) — 1 — (2) Net income (loss) 544 509 (4) — 1,049 Net income applicable to noncontrolling interests 26 — 5 — 31 Net income (loss) applicable to Morgan Stanley $ 518 $ 509 $ (9) $ — $ 1,018 Nine Months Ended September 30, 2016 $ in millions Institutional Securities 1,2 Wealth Management 2 Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 12,577 $ 8,815 $ 1,610 $ (207) $ 22,795 Interest income 2,999 2,813 5 (669) 5,148 Interest expense 2,731 268 3 (669) 2,333 Net interest 268 2,545 2 — 2,815 Net revenues $ 12,845 $ 11,360 $ 1,612 $ (207) $ 25,610 Income from continuing operations before income taxes $ 3,797 $ 2,546 $ 259 $ — $ 6,602 Provision for income taxes 1,109 973 78 — 2,160 Income from continuing operations 2,688 1,573 181 — 4,442 Income from discontinued operations, net of income taxes 1 — — — 1 Net income 2,689 1,573 181 — 4,443 Net income applicable to noncontrolling interests 144 — (14) — 130 Net income applicable to Morgan Stanley $ 2,545 $ 1,573 $ 195 $ — $ 4,313 Nine Months Ended September 30, 2015 $ in millions Institutional Securities 1 Wealth Management Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 14,640 $ 9,172 $ 1,709 $ (160) $ 25,361 Interest income 2,418 2,296 1 (394) 4,321 Interest expense 2,524 119 16 (394) 2,265 Net interest (106) 2,177 (15) — 2,056 Net revenues $ 14,534 $ 11,349 $ 1,694 $ (160) $ 27,417 Income from continuing operations before income taxes $ 4,123 $ 2,564 $ 369 $ — $ 7,056 Provision for income taxes 5 658 959 87 — 1,704 Income from continuing operations 3,465 1,605 282 — 5,352 Income (loss) from discontinued operations, net of income taxes (10) — 1 — (9) Net income 3,455 1,605 283 — 5,343 Net income applicable to noncontrolling interests 100 — 24 — 124 Net income applicable to Morgan Stanley $ 3,355 $ 1,605 $ 259 $ — $ 5,219 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 , DV A 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 further information. Effective July 1, 2016, the Wealth Management and Institutional Securities business segments entered into an agreement whereby Institutional Securities assumed management of Wealth Management’s fixed income c lient-driven trading activities an d pays fees to Wealth Management based on distribution activity. Prior periods have not been recast for this new inter-segment agreement due to immateriality . In certain manage ment fee arrangements, the Firm is entitled to receive performance-based fees (a lso referred to as incentive fees and includes carried interest) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenues are accrued (or reversed) quarterly b ased on measuring account/fund performance to date versus the performance benchmark stated in the investment management agreement. The Firm’s portion of net unrealized cumulative performance-based fee s (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 $ 419 million and $ 4 22 million at September 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. The Firm waives 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 $ 26 million for the current quarter and $ 52 million for the prior year quarter, and $ 61 million for the current year period and $ 152 million for the prior year period . The Firm’s effective tax rate from continuing operations for the prior year period included a net discrete tax benefit of $ 564 million, within Institutional Securities (see Note 18). Total Assets by Business Segment At September 30, At December 31, $ in millions 2016 2015 Institutional Securities $ 634,648 $ 602,714 Wealth Management 174,521 179,708 Investment Management 4,722 5,043 Total 1 $ 813,891 $ 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Americas $ 6,624 $ 5,652 $ 18,914 $ 19,359 EMEA 1,236 1,198 3,677 4,396 Asia-Pacific 1,049 917 3,019 3,662 Net revenues $ 8,909 $ 7,767 $ 25,610 $ 27,417

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 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 October 19 , 2016 , the Firm announced that its Board of Directors declared a quarterly dividend per common share of $ 0. 2 0 . The dividend is payable on November 15 , 2016 to common shareholders of record on October 31 , 2016 . Long-Term Borrowings Subsequent to September 30, 2016 and through October 31 , 2016, long-term borrowings increased by approximately $ 2.2 billion, net of maturities . This amount includes the iss uance of $ 2.5 billion of senior debt on October 24 , 2016 and $ 3.0 billion of senior debt on October 27, 2016 .

Significant Accounting Polici28

Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Goodwill	Goodwill The Firm completed its annual goodwill impairment testing at July 1, 2016. Th e Firm’s impairment testing did not indicate any goodwill impairment, as each of the Firm’s reporting units with goodwill had a fair value that was substantially in excess of its carrying value .
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 m odel 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 resu lted primarily from certain funds in Investment Management where the Firm acts as a general partner.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 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 At September 30, 2016 $ in millions Assets at Fair Value Trading assets: U.S. government and agency securities: U.S. Treasury securities $ 23,199 $ — $ — $ — $ 23,199 U.S. agency securities 2,020 25,398 8 — 27,426 Total U.S. government and agency securities 25,219 25,398 8 — 50,625 Other sovereign government obligations 21,437 6,975 12 — 28,424 Corporate and other debt: State and municipal securities — 2,247 4 — 2,251 Residential mortgage-backed securities — 811 188 — 999 Commercial mortgage-backed securities — 1,427 64 — 1,491 Asset-backed securities — 115 12 — 127 Corporate bonds — 12,896 199 — 13,095 Collateralized debt and loan obligations — 403 85 — 488 Loans and lending commitments 1 — 5,057 4,155 — 9,212 Other debt — 892 246 — 1,138 Total corporate and other debt — 23,848 4,953 — 28,801 Corporate equities 2 113,805 338 336 — 114,479 Securities received as collateral 12,535 4 1 — 12,540 Derivative and other contracts: Interest rate contracts 648 417,114 1,116 — 418,878 Credit contracts — 14,208 516 — 14,724 Foreign exchange contracts 124 51,072 6 — 51,202 Equity contracts 1,363 40,194 1,864 — 43,421 Commodity contracts 2,225 7,279 4,098 — 13,602 Other — 25 — — 25 Netting 3 (3,758) (444,890) (2,172) (57,947) (508,767) Total derivative and other contracts 602 85,002 5,428 (57,947) 33,085 Investments 4 : Principal investments 33 19 726 — 778 Other 609 276 210 — 1,095 Total investments 642 295 936 — 1,873 Physical commodities — 179 — — 179 Total trading assets 4 174,240 142,039 11,674 (57,947) 270,006 Investment securities—AFS securities 28,997 36,735 — — 65,732 Securities purchased under agreements to resell — 554 — — 554 Intangible assets — 3 — — 3 Total assets measured at fair value $ 203,237 $ 179,331 $ 11,674 $ (57,947) $ 336,295 Liabilities at Fair Value Deposits $ — $ 29 $ 31 $ — $ 60 Short-term borrowings — 406 2 — 408 Trading liabilities: U.S. government and agency securities: U.S. Treasury securities 9,500 — — — 9,500 U.S. agency securities 786 96 — — 882 Total U.S. government and agency securities 10,286 96 — — 10,382 Other sovereign government obligations 18,685 2,110 — — 20,795 Corporate and other debt: State and municipal securities — 230 — — 230 Asset-backed securities — 477 — — 477 Corporate bonds — 5,873 13 — 5,886 Other debt — 17 3 — 20 Total corporate and other debt — 6,597 16 — 6,613 Corporate equities 2 44,980 50 19 — 45,049 Obligation to return securities received as collateral 20,929 5 1 — 20,935 Derivative and other contracts: Interest rate contracts 690 396,224 1,075 — 397,989 Credit contracts — 14,765 1,399 — 16,164 Foreign exchange contracts 22 56,108 113 — 56,243 Equity contracts 1,305 43,623 1,724 — 46,652 Commodity contracts 2,002 5,860 2,804 — 10,666 Other — 76 — — 76 Netting 3 (3,758) (444,890) (2,172) (44,449) (495,269) Total derivative and other contracts 261 71,766 4,943 (44,449) 32,521 Physical commodities — 4 — — 4 Total trading liabilities 95,141 80,628 4,979 (44,449) 136,299 Securities sold under agreements to repurchase — 596 149 — 745 Other secured financings — 3,296 450 — 3,746 Long-term borrowings 43 36,662 2,042 — 38,747 Total liabilities measured at fair value $ 95,184 $ 121,617 $ 7,653 $ (44,449) $ 180,005 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting At December 31, 2015 $ 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 Investment securities—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. At September 30, 2016 , l oans held at fair value consisted of $ 7,038 million of corporate loans, $ 1,338 million of residential real estate loans and $ 836 million of wholesale real estat e loans. At December 31, 2015, l oans 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 wholesale 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 ne tting 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 informatio n on derivative instruments and hedging activities, see Note 4. 4. Amounts exclude certain investments that are measured at fair value using the net asset value (“NAV”) per share, which are not classified in the fair value hierarchy. 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 $ in millions Beginning Balance at June 30, 2016 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2016 Unrealized Gains (Losses) at September 30, 2016 Assets at Fair Value Trading assets: U.S. agency securities $ 20 $ — $ — $ (18) $ — $ — $ 6 $ 8 $ — Other sovereign government obligations 2 — 6 (1) — — 5 12 — Corporate and other debt: State and municipal securities 10 1 — (7) — — — 4 — Residential mortgage-backed securities 216 1 56 (76) — — (9) 188 (12) Commercial mortgage-backed securities 51 (5) 12 (1) — — 7 64 (3) Asset-backed securities 88 (3) 6 (79) — — — 12 — Corporate bonds 276 (55) 20 (23) — — (19) 199 (55) Collateralized debt and loan obligations 109 6 9 (38) — — (1) 85 10 Loans and lending commitments 5,418 (12) 501 (206) — (733) (813) 4,155 (12) Other debt 528 — 191 (212) — — (261) 246 — Total corporate and other debt 6,696 (67) 795 (642) — (733) (1,096) 4,953 (72) Corporate equities 572 (28) 42 (36) — — (214) 336 (26) Securities received as collateral — — 1 — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (235) (60) 3 — (15) 11 337 41 (45) Credit contracts (1,114) 147 — — — 2 82 (883) 147 Foreign exchange contracts (1) (27) — — — (42) (37) (107) (27) Equity contracts (1,473) 220 31 (2) (37) 567 834 140 239 Commodity contracts 1,298 269 — — (14) (170) (89) 1,294 104 Other (11) — — — — — 11 — — Total net derivative and other contracts (1,536) 549 34 (2) (66) 368 1,138 485 418 Investments: Principal investments 769 (29) 2 (8) — (27) 19 726 (30) Other 205 (12) — — — — 17 210 (6) Total investments 974 (41) 2 (8) — (27) 36 936 (36) Liabilities at Fair Value Deposits $ 30 $ 1 $ — $ — $ 5 $ — $ (3) $ 31 $ 1 Short-term borrowings — — — — — — 2 2 — Trading liabilities: Corporate and other debt: Corporate bonds 6 (1) (3) 2 — — 7 13 (1) Other debt 3 — — — — — — 3 — Total corporate and other debt 9 (1) (3) 2 — — 7 16 (1) Corporate equities 26 2 (2) 2 — — (5) 19 — Obligation to return securities received as collateral — — — 1 — — — 1 — Securities sold under agreements to repurchase 150 1 — — — — — 149 2 Other secured financings 441 (11) — — — (2) — 450 (11) Long-term borrowings 1,929 (88) — — 193 (147) (21) 2,042 (87) $ in millions Beginning Balance at December 31, 2015 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2016 Unrealized Gains (Losses) at September 30, 2016 Assets at Fair Value Trading assets: U.S. agency securities $ — $ — $ 3 $ (37) $ — $ — $ 42 $ 8 $ — Other sovereign government obligations 4 — 10 (6) — — 4 12 — Corporate and other debt: State and municipal securities 19 — — (16) — — 1 4 — Residential mortgage-backed securities 341 (14) 64 (201) — — (2) 188 (13) Commercial mortgage-backed securities 72 (17) 19 (18) — — 8 64 (15) Asset-backed securities 25 (4) 5 (95) — — 81 12 (3) Corporate bonds 267 (4) 146 (276) — — 66 199 (17) Collateralized debt and loan obligations 430 9 13 (295) — — (72) 85 16 Loans and lending commitments 5,936 (65) 921 (860) — (986) (791) 4,155 (51) Other debt 448 1 92 (35) — — (260) 246 65 Total corporate and other debt 7,538 (94) 1,260 (1,796) — (986) (969) 4,953 (18) Corporate equities 433 (57) 62 (324) — — 222 336 (80) Securities received as collateral 1 — — — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts 260 257 3 — (15) (59) (405) 41 (156) Credit contracts (844) (255) 1 — — 155 60 (883) (277) Foreign exchange contracts 141 (104) — — — (224) 80 (107) (102) Equity contracts (2,031) 334 816 (2) (166) 1,083 106 140 172 Commodity contracts 1,050 377 33 — (20) (312) 166 1,294 162 Total net derivative and other contracts (1,424) 609 853 (2) (201) 643 7 485 (201) Investments: Principal investments 486 (57) 374 (29) — (67) 19 726 (58) Other 221 (3) — (8) — — — 210 (5) Total investments 707 (60) 374 (37) — (67) 19 936 (63) Intangible assets 5 — — — — — (5) — — Liabilities at Fair Value Deposits $ 19 $ (1) $ — $ — $ 15 $ — $ (4) $ 31 $ (1) Short-term borrowings 1 — — — — (1) 2 2 — Trading liabilities: Corporate and other debt: Corporate bonds — (3) (7) 32 — — (15) 13 (3) Other debt 4 — (1) — — — — 3 — Total corporate and other debt 4 (3) (8) 32 — — (15) 16 (3) Corporate equities 17 4 (37) 14 — — 29 19 32 Obligation to return securities received as collateral 1 — — — — — — 1 — Securities sold under agreements to repurchase 151 2 — — — — — 149 3 Other secured financings 461 (42) — — 69 (44) (78) 450 (42) Long-term borrowings 1,987 (103) — — 366 (262) (152) 2,042 (91) $ in millions Beginning Balance at June 30, 2015 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2015 Unrealized Gains (Losses) at September 30, 2015 Assets at Fair Value Trading assets: U.S. agency securities $ 3 $ — $ — $ — $ — $ — $ (3) $ — $ — Other sovereign government obligations 12 — 5 (4) — — (2) 11 — Corporate and other debt: State and municipal securities 7 5 12 (5) — — 14 33 5 Residential mortgage-backed securities 378 3 59 (55) — — 19 404 4 Commercial mortgage-backed securities 84 (12) 17 (6) — — (4) 79 (12) Asset-backed securities 19 — 13 (7) — — 6 31 — Corporate bonds 479 (25) 78 (228) — (50) (28) 226 (6) Collateralized debt and loan obligations 660 (7) 80 (188) — — — 545 (11) Loans and lending commitments 5,512 (78) 939 (156) — (1,229) 176 5,164 (53) Other debt 564 (22) 9 (4) — (1) (16) 530 (23) Total corporate and other debt 7,703 (136) 1,207 (649) — (1,280) 167 7,012 (96) Corporate equities 486 10 150 (80) — — 9 575 4 Securities received as collateral 3 — — (2) — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (236) (137) 12 — (7) 74 383 89 (66) Credit contracts (989) 210 — — (74) 86 (38) (805) 219 Foreign exchange contracts 446 42 3 — — (327) (98) 66 45 Equity contracts (2,102) 309 16 — (50) (187) (27) (2,041) 296 Commodity contracts 1,205 238 — — — (11) — 1,432 179 Total net derivative and other contracts (1,676) 662 31 — (131) (365) 220 (1,259) 673 Investments: Principal investments 581 26 8 (50) — — (24) 541 26 Other 300 11 1 — — — — 312 11 Total investments 881 37 9 (50) — — (24) 853 37 Intangible assets 6 (1) — — — — — 5 (1) Liabilities at Fair Value Short-term borrowings $ — $ (2) $ — $ — $ 4 $ — $ 63 $ 69 $ (2) Trading liabilities: Corporate and other debt: Corporate bonds 15 9 (10) 23 — — — 19 7 Other debt 4 — — — — — — 4 — Total corporate and other debt 19 9 (10) 23 — — — 23 7 Corporate equities 112 72 (50) 99 — — 8 97 73 Obligation to return securities received as collateral 3 — (2) — — — — 1 — Securities sold under agreements to repurchase 154 — — — — — — 154 — Other secured financings 168 2 — — 187 (12) — 341 2 Long-term borrowings 2,221 61 — — 237 (81) 146 2,462 64 $ in millions Beginning Balance at December 31, 2014 Realized and Unrealized Gains (Losses) Purchases 1 Sales Issuances Settlements Net Transfers Ending Balance at September 30, 2015 Unrealized Gains (Losses) at September 30, 2015 Assets at Fair Value Trading assets: Other sovereign government obligations $ 41 $ (1) $ 7 $ (31) $ — $ — $ (5) $ 11 $ — Corporate and other debt: State and municipal securities — 5 14 (1) — — 15 33 5 Residential mortgage-backed securities 175 28 172 (57) — — 86 404 19 Commercial mortgage-backed securities 96 (17) 23 (23) — — — 79 (19) Asset-backed securities 76 (1) 22 (31) — — (35) 31 4 Corporate bonds 386 (19) 155 (218) — (53) (25) 226 (16) Collateralized debt and loan obligations 1,152 141 320 (709) — (331) (28) 545 (7) Loans and lending commitments 5,874 (34) 1,860 (95) — (2,461) 20 5,164 (62) Other debt 285 (13) 30 (14) — (25) 267 530 — Total corporate and other debt 8,044 90 2,596 (1,148) — (2,870) 300 7,012 (76) Corporate equities 272 57 437 (199) — — 8 575 67 Securities received as collateral — — 1 — — — — 1 — Net derivative and other contracts 2 : Interest rate contracts (173) (37) 16 — (22) 277 28 89 20 Credit contracts (743) (69) 6 — (94) 86 9 (805) (89) Foreign exchange contracts 151 133 4 — (1) (197) (24) 66 133 Equity contracts (2,165) (76) 115 — (279) 252 112 (2,041) (237) Commodity contracts 1,146 345 2 — (112) 111 (60) 1,432 420 Total net derivative and other contracts (1,784) 296 143 — (508) 529 65 (1,259) 247 Investments: Principal investments 835 22 20 (109) — (187) (40) 541 — Other 323 (5) 2 (6) — — (2) 312 — Total investments 1,158 17 22 (115) — (187) (42) 853 — Intangible assets 6 — — — — (1) — 5 — Liabilities at Fair Value Short-term borrowings $ — $ (2) $ — $ — $ 60 $ — $ 7 $ 69 $ (2) Trading liabilities: Corporate and other debt: Corporate bonds 78 6 (25) 37 — — (65) 19 6 Lending commitments 5 5 — — — — — — 5 Other debt 38 — (1) 7 — (39) (1) 4 — Total corporate and other debt 121 11 (26) 44 — (39) (66) 23 11 Corporate equities 45 90 (88) 128 — — 102 97 90 Obligation to return securities received as collateral — — — 1 — — — 1 — Securities sold under agreements to repurchase 153 (1) — — — — — 154 — Other secured financings 149 (5) — — 223 (36) — 341 4 Long-term borrowings 1,934 159 — — 853 (213) 47 2,462 157 1. Loan originations and consoli dations of VIEs are included in purchases. 2. Net derivative and other contracts represent Trading assets—Derivative and other contracts, net of Trading liabilities—Derivative a nd other contracts .
Quantitative Information about and Sensitivity of Significant Unobservable Inputs used in Recurring Level 3 Fair Value Measurements	Valuation Techniques and Sensitivity of Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Assets at Fair Value Residential mortgage-backed securities ($188 million and $341 million) Comparable pricing: Comparable bond price / (A) 0 to 9 points (6 points) 0 to 75 points (32 points) Commercial mortgage-backed securities ($64 million and $72 million) Comparable pricing: Comparable bond price / (A) 0 to 11 points (2 points) 0 to 9 points (2 points) Corporate bonds ($199 million and $267 million) Comparable pricing : Comparable bond price / (A) 11 to 127 points (75 points) 3 to 119 points (90 points) Comparable pricing : EBITDA multiple / (A) 7 to 9 times (8 times) Option model: At the money volatility / (C) 6% to 33% (25%) Structured bond model: Discount rate / (C) 15% (15%) Collateralized debt and loan obligations ($85 million and $430 million) Comparable pricing : Comparable bond price / (A) 0 to 80 points (44 points) 47 to 103 points (67 points) Correlation model: Credit correlation / (B) 23% to 65% (52%) 39% to 60% (49%) Loans and lending commitments ($4,155 million and $5,936 million) Corporate loan model: Credit spread / (C) 471 to 815 bps (633 bps) 250 to 866 bps (531 bps) Margin loan model : Volatility skew / (C)(D) 20% to 83% (36%) 14% to 70% (33%) Discount rate / (C)(D) 1% to 9% (2%) 1% to 4% (2%) Credit spread / (C)(D) 62 to 499 bps (145 bps) Expected recovery: Asset coverage / (A) 47% to 99% (85%) Option model: Volatility skew / (C) -1% (-1%) -1% (-1%) Comparable pricing: Comparable loan price / (A) 41 to 100 points (85 points) 35 to 100 points (88 points) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 5% (5%) 6% to 8% (7%) Capitalization rate / (C)(D) 4% to 10% (4%) 4% to 10% (4%) Other debt ($246 million and $448 million) Comparable pricing: Comparable loan price / (A) 3 to 87 points (69 points) 4 to 84 points (59 points) Comparable pricing: Comparable bond price / (A) 7 points (7 points) 8 points (8 points) Option model: At the money volatility / (C)(D) 16% to 53% (42%) 16% to 53% (53%) Volatility skew / (C)(D) -1% to 0% (0%) Discounted cash flow: Discount rate / (C) 6% to 12% (11%) Margin loan model : Discount rate / (C) 1% (1%) Corporate equities ($336 million and $433 million) Comparable pricing: Comparable equity price / (A) 100% (100%) 100% (100%) Comparable pricing: Comparable price / (A) 50% to 80% (72%) Market approach: EBITDA multiple / (A) 9 times (9 times) Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Net derivative and other contracts 2 : Interest rate contracts ($41 million and $260 million) Option model : Interest rate - Foreign exchange correlation / (A)(D) 28% to 58% (44% / 43%) Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% (43% / 43%) Interest rate volatility skew / (A)(D) 31% to 114% (73% / 67%) 29% to 82% (43% / 40%) Interest rate quanto correlation / (A)(D) -10% to 39% (5% / -4%) -8% to 36% (5% / -6%) Interest rate curve correlation / (C)(D) 19% to 95% (72% / 78%) 24% to 95% (60% / 69%) Interest rate curve / (C)(D) 1% (1% / 1%) Inflation volatility / (C)(D) 23% to 51% (38% / 37%) Inflation volatility / (A)(D) 58% (58% / 58%) Interest rate - Inflation correlation / (A)(D) -41% to -39% (-41% / -41%) Interest rate volatility concentration liquidity multiple / (C)(D) 0 to 3 times (2 times) Credit contracts ($(883) million and $(844) million) Comparable pricing: Cash synthetic basis / (C)(D) 5 to 12 points (11 points) 5 to 12 points (9 points) Comparable bond price / (C)(D) 0 to 75 points (24 points) 0 to 75 points (24 points) Correlation model : Credit correlation / (B) 24% to 83% (46%) 39% to 97% (57%) Foreign exchange contracts 3 ($(107) million and $141 million) Option model: Interest rate - Foreign exchange correlation / (A)(D) 28% to 58% (44% / 43%) Interest rate - Foreign exchange correlation / (C)(D) 25% to 62% (43% / 43%) Interest rate volatility skew / (A)(D) 31% to 114% (73% / 67%) 29% to 82% (43% / 40%) Interest rate curve / (A)(D) 0% (0% / 0%) 0% (0% / 0%) Interest rate quanto correlation / (A)(D) -10% to 39% (5% / -4%) Equity contracts 3 ($140 million and $(2,031) million) Option model: At the money volatility / (C)(D) 6% to 64% (34%) At the money volatility / (A)(D) 16% to 65% (32%) Volatility skew / (A)(D) -4% to 0% (-1%) -3% to 0% (-1%) Equity - Equity correlation / (C)(D) 40% to 96% (71%) 40% to 99% (71%) Equity - Foreign exchange correlation / (C)(D) -70% to 40% (-24%) Equity - Foreign exchange correlation / (A)(D) -60% to -11% (-39%) Equity - Interest rate correlation / (C)(D) -7% to 52% (15% / 7%) -29% to 50% (16% / 8%) Commodity contracts ($1,294 million and $1,050 million) Option model: Forward power price / (C)(D) $9 to $95 ($32) per MWh $3 to $91 ($32) per MWh Commodity volatility / (C)(D) 6% to 57% (18%) Commodity volatility / (A)(D) 10% to 92% (18%) Cross commodity correlation / (C)(D) 43% to 99% (93%) 43% to 99% (93%) Investments: Principal investments ($726 million and $486 million) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 15% to 18% (17%) 16% (16%) Exit multiple / (A)(D) 7 to 21 times (6 times) 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 : EBITDA multiple / (A)(D) 6 to 25 times (12 times) 8 to 20 times (11 times) Forward capacity price / (A)(D) $4 to $9 ($7) $5 to $9 ($7) Comparable pricing: Comparable equity price / (A) 75% to 100% (84%) 43% to 100% (81%) Other ($210 million and $221 million) Discounted cash flow: Implied weighted average cost of capital / (C)(D) 9% (9%) 10% (10%) Exit multiple / (A)(D) 12 times (12 times) 13 times (13 times) Market approach: EBITDA multiple / (A) 6 to 13 times (11 times) 7 to 14 times (12 times) Comparable pricing : Comparable equity price / (A) 100% (100%) 100% (100%) Predominant Valuation Techniques/Significant Unobservable Inputs/Sensitivity Range (Weighted Averages or Simple Averages/Median) 1 $ in millions At September 30, 2016 At December 31, 2015 Liabilities at Fair Value Securities sold under agreements to repurchase ($149 million and $151 million) Discounted cash flow: Funding spread / (A) 118 to 122 bps (119 bps) 86 to 116 bps (105 bps) Other secured financings ($450 million and $461 million) Option model: Volatility skew / (C) -1% (-1%) -1% (-1%) Discounted cash flow : Discount rate / (C) 4% (4%) 4% to 13% (4%) Discounted cash flow: Funding spread / (A) 81 to 110 bps (96 bps) 95 to 113 bps (104 bps) Long-term borrowings ($2,042 million and $1,987 million) Option model : At the money volatility / (C)(D) 6% to 40% (33%) 20% to 50% (29%) Volatility skew / (C)(D) -2% to 0% (-1%) Volatility skew / (A)(D) -1% to 0% (-1%) Equity - Equity correlation / (A)(D) 41% to 98% (85%) 40% to 97% (77%) Equity - Foreign exchange correlation / (C)(D) -70% to 9% (-37%) -70% to -11% (-39%) Option model : Interest rate - Foreign exchange correlation / (A)(D) 54% (54% / 54%) Interest rate volatility skew / (A)(D) 25% (25% / 25%) 50% (50%) Equity volatility discount / (C)(D) 7% to 12% (10% / 10%) Equity volatility discount / (A)(D) 10% (10%) Comparable pricing: Comparable equity price / (A) 100% (100%) 100% (100%) Correlation model: Credit correlation / (B) 40% to 60% (52%) bps—Basis points . A basis point equals 1/100 th of 1%. Point s— Percentage of par MWh — Megawatt hours. EBITDA— Earnings before interest, taxes, depreciation and amortization 1. A mounts represent weighted averages except where simple averages and the median of the inputs are provided when more relevant . 2. Credit valuation adjustments (“CVA”) and funding valuation adjustments (“FVA”) are included in the balance but excluded from the Valuation Technique( s) and Significant Unobservable Inputs in the previous table. CVA is a Level 3 input when the underlying counterparty credit curve is unobservable. FVA is a Level 3 input in its entirety given the lack of observability of funding spreads in the principal m arket . 3. Includes derivative contracts with multiple r isks (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 redistribution of risk within the capital structure such that junior tranches become less (more) ri sky and senior tranches become more (less) risky. (C) Significant increase (decrease) in the unobservable input in isolation would result in a significantly lower (higher) fair value measurement. (D) There are no predictable relationships between the sig nificant unobservable inputs.
Fair Value of Investments that Calculate Net Asset Value	Investments in Certain Funds Measured at NAV per Share At September 30, 2016 At December 31, 2015 $ in millions Fair Value Commitment Fair Value Commitment Private equity funds $ 1,650 $ 384 $ 1,917 $ 538 Real estate funds 1,218 105 1,337 128 Hedge funds 277 4 589 4 Total $ 3,145 $ 493 $ 3,843 $ 670 Non-Redeemable Funds by Projected Distribution Fair Value at September 30, 2016 Private Equity Real Estate $ in millions Funds Funds Less than 5 years $ 124 $ 91 5-10 years 890 678 Over 10 years 636 449 Total $ 1,650 $ 1,218 Hedge Funds Fair Value by Redemption Frequency At September 30, 2016 Quarterly 55% Every Six Months 27% Greater than Six Months 11% Subject to Lock-up Provisions 1 7% The remaining restriction period for these investments was primarily over three years .
Net Gains (Losses) Due to Changes in Fair Value for Items Measured at Fair Value Pursuant to the Fair Value Option Election	Earnings Impact of Instruments under the Fair Value Option Interest Gains (Losses) Trading Income Included in $ in millions Revenues (Expense) Net Revenues Three Months Ended September 30, 2016 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Deposits 1 2 ─ 2 Short-term borrowings 1 (39) ─ (39) Securities sold under agreements to repurchase 1 7 (4) 3 Long-term borrowings 1 (1,068) (116) (1,184) Nine Months Ended September 30, 2016 Securities purchased under agreements to resell $ (2) $ 6 $ 4 Deposits 1 (1) (1) (2) Short-term borrowings 1 (3) ─ (3) Securities sold under agreements to repurchase 1 (5) (9) (14) Long-term borrowings 1 (3,322) (385) (3,707) Three Months Ended September 30, 2015 Securities purchased under agreements to resell $ (1) $ 2 $ 1 Short-term borrowings 2 (85) ─ (85) Securities sold under agreements to repurchase 2 ─ (2) (2) Long-term borrowings 2 1,137 (129) 1,008 Nine Months Ended September 30, 2015 Securities purchased under agreements to resell $ (4) $ 7 $ 3 Short-term borrowings 2 (127) ─ (127) Securities sold under agreements to repurchase 2 4 (5) (1) Long-term borrowings 2 2,226 (399) 1,827 1. Gains (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 (losses) of $ (143) million and $ 405 million are rec orded within OCI in the consolidated statements 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. 2. Gains (losses) recorded in Trad ing 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 primarily structured notes before the impact of related hedges.
Gains (Losses) Due to Changes in Instrument Specific Credit Risk	Gains (Losses) due to Changes in Instrument-Specific Credit Risk Three Months Ended September 30, 2016 2015 $ in millions Trading Revenues OCI Trading Revenues OCI Short-term and long-term borrowings 1 $ (5) $ (140) $ 435 $ ─ Securities sold under agreements to repurchase 1 ─ (3) ─ ─ Loans and other debt 2 26 ─ (32) ─ Lending commitments 3 ─ ─ 5 ─ Nine Months Ended September 30, 2016 2015 $ in millions Trading Revenues OCI Trading Revenues OCI Short-term and long-term borrowings 1 $ 36 $ 405 $ 742 $ ─ Securities sold under agreements to repurchase 1 ─ ─ ─ ─ Loans and other debt 2 (88) ─ 39 ─ Lending commitments 3 3 ─ 13 ─ 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 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. The cumulative impact of changes in the Firm’s DVA and the pre-tax amount re cognized in AOCI is a loss of $ 56 million at September 30, 2016 . See Notes 2 and 14 for further information. 2. Loans and other debt instrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and l osses, 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	Contractual Principal Amount In Excess of Fair Value At At September 30, December 31, $ in millions 2016 2015 Loans and other debt 1 $ 15,408 $ 14,095 Loans 90 or more days past due and/or on nonaccrual status 1 13,409 11,651 Short-term and long-term borrowings 2 202 508 1. The majority of the difference between principal and fair value amounts for loans and other debt relates to distressed debt positions purchased 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 a reference price or index
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 September 30, December 31, $ in millions 2016 2015 Business Unit Responsible for Risk Management Equity $ 20,692 $ 17,789 Interest rates 16,519 14,255 Credit and foreign exchange 1,659 2,266 Commodities 285 383 Total $ 39,155 $ 34,693
Fair Value of Loans in Nonaccrual Status	Loans carried at Fair Value which are in Nonaccrual Status At At September 30, December 31, $ in millions 2016 2015 Aggregate fair value of loans in nonaccrual status 1 $ 1,530 $ 1,853 1. Includes all loans 90 or more days past due in the amount of $ 710 million and $ 885 million at September 30, 2016 and December 31, 2015, respectively.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	Gains (Losses) for the September 30, 2016 Three Months Nine Months Carrying Fair Value by Level Ended Ended Income Statement $ in millions Value 1 Level 1 Level 2 Level 3 September 30, 2016 Classification Assets Loans 2 $ 6,303 $ ─ $ 3,296 $ 3,007 $ 111 $ 41 Other revenues Other assets—Other investments 3,4 86 ─ ─ 86 (3) (44) Other revenues Other assets—Premises, equipment Other revenues if held for sale, otherwise Other expenses and software costs 5,6 22 ─ 22 ─ (29) (56) Intangible assets 3,6 ─ ─ ─ ─ (2) (2) Other expenses Total assets $ 6,411 $ ─ $ 3,318 $ 3,093 $ 77 $ (61) Liabilities Other liabilities and accrued Other revenues if held for sale, otherwise Other expenses expenses 2 $ 302 $ ─ $ 236 $ 66 $ 52 $ 98 Total liabilities $ 302 $ ─ $ 236 $ 66 $ 52 $ 98 Gains (Losses) for the September 30, 2015 Three Months Nine Months Carrying Fair Value by Level Ended Ended Income Statement $ in millions Value 1 Level 1 Level 2 Level 3 September 30, 2015 Classification Assets Loans 2 $ 5,089 $ ─ $ 3,060 $ 2,029 $ 12 $ (201) Other revenues Other assets—Other investments 3 ─ ─ ─ ─ ─ (2) Other revenues Other assets—Premises, equipment Other revenues if held for sale, otherwise Other expenses and software costs 5 ─ ─ ─ ─ (2) (24) Total assets $ 5,089 $ ─ $ 3,060 $ 2,029 $ 10 $ (227) Liabilities Other liabilities and accrued Other revenues if held for sale, otherwise Other expenses expenses 2 $ 427 $ ─ $ 365 $ 62 $ 144 $ 171 Total liabilities $ 427 $ ─ $ 365 $ 62 $ 144 $ 171 Carrying values included only those assets that had fair value adjustments during the current quarter and prior year quarter. Non-recurring changes in the fair value of loans and lending commitments held for investment were calculated using the value of the underlying collateral. Loans and lending commitments held for sale were calculated using recently executed transactions; market price quotations; valuation models that incorporate market observable inputs where possible, such as comparable loan or deb t 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. Losses related to Other assets—Other investments and Intangible assets were determined primarily using discounted cash flow models and methodologies that incorporate multiples of certain comparable companies. Losses related t o Other assets—Other investments included a lo ss of approximately $35 million f or the current year period in connection with the sale of solar investments and impairments of the remaining unsold solar investments accounted for under the equity method. The fair value of these investments was determined based on the sales price. Losses related to Other assets—Premises, equipment and software costs were determined primarily using a default recovery analysis. Losses related to Other assets— Premises, equipment and software costs and Intangible assets included an impairment charge of approximately $ 2 5 million for the current quarter in connection with an oil terminal facility, to reduce the carrying value to its estimated fair value less costs to sell.
Financial Instruments Not Measured at Fair Value	At September 30, 2016 Fair Value by Level $ in millions Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets Cash and due from banks $ 26,899 $ 26,899 $ 26,899 $ — $ — Interest bearing deposits with banks 15,653 15,653 15,653 — — Investment securities—HTM securities 13,224 13,329 4,544 8,785 — Securities purchased under agreements to resell 90,025 90,030 — 87,033 2,997 Securities borrowed 126,280 126,282 — 126,147 135 Customer and other receivables 1 47,203 47,108 — 42,382 4,726 Loans 2 92,508 93,806 — 19,969 73,837 Other assets—Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 30,784 30,784 30,784 — — Financial Liabilities Deposits $ 151,783 $ 151,903 $ — $ 151,903 $ — Short-term borrowings 506 506 — 506 — Securities sold under agreements to repurchase 46,191 46,251 — 43,243 3,008 Securities loaned 16,515 16,525 — 16,525 — Other secured financings 6,066 6,071 — 4,665 1,406 Customer and other payables 1 190,743 190,743 — 190,743 — Long-term borrowings 125,180 127,326 — 127,268 58 At December 31, 2015 Fair Value by Level $ in millions Carrying Value Fair Value Level 1 Level 2 Level 3 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 loans measured at fair value on a non-recurring basis

Derivative Instruments and He30

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 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 September 30, 2016 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total Derivatives designated as accounting hedges Interest rate contracts $ 2,971 $ 3,471 $ — $ 6,442 $ 33,772 $ 69,219 $ — $ 102,991 Foreign exchange contracts 24 — — 24 3,355 127 — 3,482 Total derivatives designated as accounting hedges 2,995 3,471 — 6,466 37,127 69,346 — 106,473 Derivatives not designated as accounting hedges 1 Interest rate contracts 268,198 144,030 208 412,436 3,696,991 5,940,043 2,054,389 11,691,423 Credit contracts 11,977 2,747 — 14,724 389,167 132,408 — 521,575 Foreign exchange contracts 50,749 305 124 51,178 1,753,186 29,605 18,706 1,801,497 Equity contracts 22,739 — 20,682 43,421 358,008 — 291,873 649,881 Commodity contracts 10,543 — 3,059 13,602 66,102 — 87,714 153,816 Other 25 — — 25 1,548 — — 1,548 Total derivatives not designated as accounting hedges 364,231 147,082 24,073 535,386 6,265,002 6,102,056 2,452,682 14,819,740 Total gross derivatives 2 $ 367,226 $ 150,553 $ 24,073 $ 541,852 $ 6,302,129 $ 6,171,402 $ 2,452,682 $ 14,926,213 Amounts offset Counterparty netting (285,971) (146,721) (21,035) (453,727) Cash collateral netting (52,879) (2,161) — (55,040) Total derivative assets at fair value included in Trading assets $ 28,376 $ 1,671 $ 3,038 $ 33,085 Amounts not offset 3 Financial instruments collateral (10,464) — — (10,464) Other cash collateral (174) — — (174) Net exposure $ 17,738 $ 1,671 $ 3,038 $ 22,447 Derivative Liabilities at September 30, 2016 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total Derivatives designated as accounting hedges Interest rate contracts $ — $ — $ — $ — $ 7 $ 27 $ — $ 34 Foreign exchange contracts 309 23 — 332 5,494 694 — 6,188 Total derivatives designated as accounting hedges 309 23 — 332 5,501 721 — 6,222 Derivatives not designated as accounting hedges 1 Interest rate contracts 251,071 146,712 206 397,989 3,634,398 5,741,556 876,249 10,252,203 Credit contracts 13,461 2,703 — 16,164 453,893 118,266 — 572,159 Foreign exchange contracts 55,515 374 22 55,911 1,826,734 33,421 13,943 1,874,098 Equity contracts 25,299 — 21,353 46,652 374,098 — 295,580 669,678 Commodity contracts 7,723 — 2,943 10,666 69,764 — 65,585 135,349 Other 76 — — 76 4,429 — — 4,429 Total derivatives not designated as accounting hedges 353,145 149,789 24,524 527,458 6,363,316 5,893,243 1,251,357 13,507,916 Total gross derivatives 2 $ 353,454 $ 149,812 $ 24,524 $ 527,790 $ 6,368,817 $ 5,893,964 $ 1,251,357 $ 13,514,138 Amounts offset Counterparty netting (285,971) (146,721) (21,035) (453,727) Cash collateral netting (38,445) (3,097) — (41,542) Total derivative liabilities at fair value included in Trading liabilities $ 29,038 $ (6) $ 3,489 $ 32,521 Amounts not offset 3 Financial instruments collateral (11,922) — (649) (12,571) Other cash collateral (13) (3) — (16) Net exposure $ 17,103 $ (9) $ 2,840 $ 19,934 Derivative Assets at December 31, 2015 Fair Value Notional $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total 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 $ in millions Bilateral OTC Cleared OTC Exchange Traded Total Bilateral OTC Cleared OTC Exchange Traded Total 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 $ 1,714.6 billion and $ 431.1 billion, respectively. The unsettled fair value on these futures contracts (excluded from this table) of $ 1,784 million and $ 55 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 enf orceable as follows: $ 4.2 billion of derivative assets and $ 5.0 billion of derivative liabilities at September 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 offsetting 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 $ 1,14 5 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 September 30, Nine Months Ended September 30, $ in millions 2016 2015 2016 2015 Derivatives $ (733) $ 1,531 $ 2,386 $ 390 Borrowings 790 (1,696) (2,492) (678) Total $ 57 $ (165) $ (106) $ (288) Gains (Losses) on Net Investment Hedges Gains (Losses) Recognized in OCI (effective portion) Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2016 2015 2016 2015 Foreign exchange contracts 1 $ (60) $ 210 $ (396) $ 391 1 . Losses of $ 20 million in the current quarter and $ 59 million in the current year period recognized in Interest income were related to the forward points on the hedging instruments that were excluded from hedge effectiveness testing . Losses of $ 3 7 million in the prior year quarter and $ 117 million in the prior year period recognized in Interest income were related to the forward points on the hedging instruments that were excluded from hedge effectiveness testing. Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Interest rate contracts $ 357 $ 216 $ 983 $ 1,141 Foreign exchange contracts 170 91 769 606 Equity security and index contracts 1 1,415 968 4,360 4,309 Commodity and other contracts 2 63 164 (61) 980 Credit contracts 604 152 1,369 871 Subtotal $ 2,609 $ 1,591 $ 7,420 $ 7,907 Debt valuation adjustments 3 — 435 — 742 Total trading revenue $ 2,609 $ 2,026 $ 7,420 $ 8,649 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 statements of comprehensive income. In the prior year quarter and prior year period, the DVA gains (losses) were recorded within Trading revenues in the consolidated statements of income. See Notes 2 and 14 for further informat ion.
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 September 30, 2016 1 Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting 2 Net Exposure Post-cash Collateral Net Exposure Post-collateral 3 $ in millions Less than 1 1-3 3-5 Over 5 Credit Rating 4 AAA $ 167 $ 383 $ 991 $ 4,603 $ (5,361) $ 783 $ 705 AA 2,095 1,847 1,913 13,532 (13,963) 5,424 3,252 A 7,940 7,561 4,958 28,357 (37,040) 11,776 6,345 BBB 3,764 3,895 2,825 14,720 (16,747) 8,457 6,386 Non-investment grade 2,760 2,102 746 3,433 (5,608) 3,433 2,721 Total $ 16,726 $ 15,788 $ 11,433 $ 64,645 $ (78,719) $ 29,873 $ 19,409 Fair Value at December 31, 2015 1 Contractual Years to Maturity Cross-Maturity and Cash Collateral Netting 2 Net Exposure Post-cash Collateral Net Exposure Post-collateral 3 $ in millions Less than 1 1-3 3-5 Over 5 Credit Rating 4 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 . 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 collateral received is ne tted on a counterparty basis, provided legal right of offset exists. 3 . Fair value is shown, net of collateral received (primarily cash and U.S. government and agency securities). 4 . Obligor credit ratings are determined by the Credit Risk Management Department.
Credit Risk-Related Contingencies	Net Derivative Liabilities and Collat eral Posted $ in millions At September 30, 2016 Net derivative liabilities with credit risk- related contingent features $ 30,232 Collateral posted 26,761 Incremental Collateral or Termination Payments upon Potential Future Ratings Downgrade $ in millions At September 30, 2016 1 One-notch downgrade $ 1,279 Two-notch downgrade 1,245 1 . Amounts include $ 1,758 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 downgrades.
Disclosure of Credit Derivatives	Protection Sold and Purchased with Credit Default Swaps At September 30, 2016 Protection Sold Protection Purchased $ in millions Notional Fair Value (Asset)/ Liability Notional Fair Value (Asset)/ Liability Single name credit default swaps $ 318,840 $ (1,188) $ 312,236 $ 1,139 Index and basket credit default swaps 169,147 286 142,842 (510) Tranched index and basket credit default swaps 38,157 (971) 112,512 2,684 Total $ 526,144 $ (1,873) $ 567,590 $ 3,313 At December 31, 2015 Protection Sold Protection Purchased $ in millions Notional Fair Value (Asset)/ Liability Notional Fair Value (Asset)/ Liability 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 September 30, 2016 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability 1 Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Single name credit default swaps 2 Investment grade $ 92,473 $ 81,544 $ 41,534 $ 12,856 $ 228,407 $ (1,438) Non-investment grade 40,204 34,089 14,633 1,507 90,433 250 Total single name credit default swaps 132,677 115,633 56,167 14,363 318,840 (1,188) Index and basket credit default swaps 2 Investment grade 22,936 35,780 25,744 16,044 100,504 (1,003) Non-investment grade 52,148 27,175 14,979 12,498 106,800 318 Total index and basket credit default swaps 75,084 62,955 40,723 28,542 207,304 (685) Total credit default swaps sold $ 207,761 $ 178,588 $ 96,890 $ 42,905 $ 526,144 $ (1,873) Other credit contracts 55 18 — 260 333 (9) Total credit derivatives and other credit contracts $ 207,816 $ 178,606 $ 96,890 $ 43,165 $ 526,477 $ (1,882) At December 31, 2015 Maximum Potential Payout/Notional Fair Value (Asset)/ Liability 1 Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total 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 single name credit default swaps $ 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 index and basket credit default swaps $ 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 control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investment securities
Schedule of Investment Securities	AFS and HTM Securities At September 30, 2016 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS debt securities U.S. government and agency securities: U.S. Treasury securities $ 27,669 $ 98 $ 54 $ 27,713 U.S. agency securities 1 24,179 183 18 24,344 Total U.S. government and agency securities 51,848 281 72 52,057 Corporate and other debt: Commercial mortgage- backed securities: Agency 1,991 5 26 1,970 Non-agency 2,153 35 8 2,180 Auto loan asset-backed securities 1,733 4 — 1,737 Corporate bonds 3,886 55 1 3,940 Collateralized loan obligations 515 — 4 511 FFELP student loan asset- backed securities 2 3,406 2 80 3,328 Total corporate and other debt 13,684 101 119 13,666 Total AFS debt securities 65,532 382 191 65,723 AFS equity securities 15 — 6 9 Total AFS securities 65,547 382 197 65,732 HTM securities U.S. government securities: U.S. Treasury securities 4,539 25 20 4,544 U.S. agency securities 1 8,685 101 1 8,785 Total HTM securities 13,224 126 21 13,329 Total Investment securities $ 78,771 $ 508 $ 218 $ 79,061 At December 31, 2015 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 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 assets- 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 September 30, 2016 Less than 12 Months 12 Months or Longer Total $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses AFS debt securities U.S. government and agency securities: U.S. Treasury securities $ 6,520 $ 54 $ — $ — $ 6,520 $ 54 U.S. agency securities 4,485 6 1,961 12 6,446 18 Total U.S. government and agency securities 11,005 60 1,961 12 12,966 72 Corporate and other debt: Commercial mortgage-backed securities: Agency — — 1,143 26 1,143 26 Non-agency 149 1 649 7 798 8 Auto loan asset-backed securities 99 — 175 — 274 — Corporate bonds 333 — 142 1 475 1 Collateralized loan obligations 13 — 498 4 511 4 FFELP student loan asset-backed securities — — 2,885 80 2,885 80 Total corporate and other debt 594 1 5,492 118 6,086 119 Total AFS debt securities 11,599 61 7,453 130 19,052 191 AFS equity securities 9 6 — — 9 6 Total AFS securities 11,608 67 7,453 130 19,061 197 HTM securities U.S. government and agency securities: U.S. Treasury securities 1,519 20 — — 1,519 20 U.S. agency securities 450 1 — — 450 1 Total HTM securities 1,969 21 — — 1,969 21 Total Investment securities $ 13,577 $ 88 $ 7,453 $ 130 $ 21,030 $ 218 At December 31, 2015 Less than 12 Months 12 Months or Longer Total $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses 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	Investment Securities by Contractual Maturity At September 30, 2016 $ in millions Amortized Cost Fair Value Annualized Average Yield AFS debt securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 372 $ 372 0.7% After 1 year through 5 years 19,965 20,047 1.0% After 5 years through 10 years 7,332 7,294 1.4% Total 27,669 27,713 U.S. agency securities: After 1 year through 5 years 3,272 3,276 0.6% After 5 years through 10 years 1,130 1,150 1.9% After 10 years 19,777 19,918 1.6% Total 24,179 24,344 Total U.S. government and agency securities 51,848 52,057 1.3% Corporate and other debt: Commercial mortgage-backed securities: Agency: Due within 1 year 83 84 0.9% After 1 year through 5 years 377 380 1.2% After 5 years through 10 years 564 565 1.2% After 10 years 967 941 1.6% Total 1,991 1,970 Non-agency: After 10 years 2,153 2,180 2.0% Total 2,153 2,180 Auto loan asset-backed securities: Due within 1 year 142 142 1.3% After 1 year through 5 years 1,489 1,492 1.4% After 5 years through 10 years 102 103 1.7% Total 1,733 1,737 Corporate bonds: Due within 1 year 563 563 1.3% After 1 year through 5 years 2,620 2,656 1.8% After 5 years through 10 years 703 721 2.5% Total 3,886 3,940 Collateralized loan obligations: After 5 years through 10 years 502 498 1.5% After 10 years 13 13 1.5% Total 515 511 FFELP student loan asset-backed securities: After 1 year through 5 years 86 86 0.7% After 5 years through 10 years 870 847 0.9% After 10 years 2,450 2,395 1.0% Total 3,406 3,328 Total corporate and other debt 13,684 13,666 1.5% Total AFS debt securities 65,532 65,723 1.3% AFS equity securities 15 9 ― % Total AFS securities 65,547 65,732 1.3% HTM securities U.S. government securities: U.S. Treasury securities: Due within 1 year 500 500 0.7% After 1 year through 5 years 1,107 1,116 1.2% After 10 years 2,932 2,928 1.8% Total 4,539 4,544 U.S. agency securities: After 10 years 8,685 8,785 2.0% Total 8,685 8,785 Total HTM securities 13,224 13,329 1.8% Total Investment securities $ 78,771 $ 79,061 1.4%
Schedule of Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities	Gross Realized Gains and Losses on Sales of AFS Securities Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Gross realized gains $ 45 $ 22 $ 130 $ 91 Gross realized (losses) — (4) (3) (17) Total $ 45 $ 18 $ 127 $ 74

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Collateralized Transactions
Information of Offsetting of Assets and Liabilities	Offsetting of Certain Collateralized Transactions At September 30, 2016 $ in millions Gross Amounts 1 Amounts Offset Net Amounts Presented Amounts Not Offset 2 Net Exposure Assets Securities purchased under agreements to resell $ 162,348 $ (71,769) $ 90,579 $ (83,064) $ 7,515 Securities borrowed 136,370 (10,090) 126,280 (121,245) 5,035 Liabilities Securities sold under agreements to repurchase $ 118,705 $ (71,769) $ 46,936 $ (39,291) $ 7,645 Securities loaned 26,605 (10,090) 16,515 (16,336) 179 At December 31, 2015 $ in millions Gross Amounts 1 Amounts Offset Net Amounts Presented Amounts Not Offset 2 Net Exposure 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: $ 7.0 billion of Securities purchased under agreements to resell, $ 1.4 billion of Securities borrowed, $ 6.9 billion of Securities sold under agreements to repurchase and $ 0.1 billion of Securities loaned at September 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 at 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 September 30, 2016 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase 1 $ 37,212 $ 31,284 $ 24,697 $ 25,512 $ 118,705 Securities loaned 1 15,613 134 3,128 7,730 26,605 Gross amount of secured financing included in the offsetting disclosure $ 52,825 $ 31,418 $ 27,825 $ 33,242 $ 145,310 Trading liabilities ― Obligation to return securities received as collateral 20,935 — — — 20,935 Total $ 73,760 $ 31,418 $ 27,825 $ 33,242 $ 166,245 At December 31, 2015 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total 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 Trading liabilities ― 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 $ in millions At September 30, 2016 At December 31, 2015 Securities sold under agreements to repurchase 1 U.S. government and agency securities $ 46,027 $ 36,609 State and municipal securities 647 173 Other sovereign government obligations 46,527 24,820 Asset-backed securities 2,668 441 Corporate and other debt 8,139 4,020 Corporate equities 14,017 18,473 Other 680 213 Total securities sold under agreements to repurchase $ 118,705 $ 84,749 Securities loaned 1 U.S. government and agency securities $ 272 $ — Other sovereign government obligations 10,126 7,336 Corporate and other debt 105 71 Corporate equities 16,047 16,972 Other 55 8 Total securities loaned $ 26,605 $ 24,387 Gross amount of secured financing included in the offsetting disclosure $ 145,310 $ 109,136 Trading liabilities ― Obligation to return securities received as collateral Corporate and other debt $ — $ 3 Corporate equities 20,916 19,313 Other 19 — Total Trading liabilities ― obligation to return securities received as collateral $ 20,935 $ 19,316 Total $ 166,245 $ 128,452 1. Amounts 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 $ in millions At September 30, 2016 At December 31, 2015 Securities 1 $ 16,625 $ 14,390 Other assets―Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 30,784 31,469 Total $ 47,409 $ 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)	9 Months Ended
	Sep. 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 September 30, 2016 $ in millions Loans Held for Investment Loans Held for Sale Total Loans 1,2 Loans by Product Type Corporate loans $ 24,792 $ 10,223 $ 35,015 Consumer loans 24,717 — 24,717 Residential real estate loans 23,562 79 23,641 Wholesale real estate loans 7,616 1,806 9,422 Total loans, gross 80,687 12,108 92,795 Allowance for loan losses (287) — (287) Total loans, net $ 80,400 $ 12,108 $ 92,508 At December 31, 2015 $ in millions Loans Held for Investment Loans Held for Sale Total Loans 1,2 Loans by Product Type Corporate loans $ 23,554 $ 11,924 $ 35,478 Consumer loans 21,528 — 21,528 Residential real estate loans 20,863 104 20,967 Wholesale real estate loans 6,839 1,172 8,011 Total loans, gross 72,784 13,200 85,984 Allowance for loan losses (225) — (225) Total loans, net $ 72,559 $ 13,200 $ 85,759 Amounts include loans that are made to non-U.S. borrowers of $ 8 , 975 million and $ 9,789 million at September 30, 2016 and December 31, 2015 , respectively. Loans at fixed interest rates and floating or adjustable interest rates were $ 10,450 million and $ 82,058 million, respectively, at September 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 September 30, 2016 $ in millions Corporate Consumer Residential Real Estate Wholesale Real Estate Total Pass $ 23,145 $ 24,717 $ 23,524 $ 7,321 $ 78,707 Special mention 357 — — 106 463 Substandard 1,152 — 38 189 1,379 Doubtful 138 — — — 138 Loss — — — — — Total loans $ 24,792 $ 24,717 $ 23,562 $ 7,616 $ 80,687 At December 31, 2015 $ in millions Corporate Consumer Residential Real Estate Wholesale Real Estate Total Pass $ 22,040 $ 21,528 $ 20,828 $ 6,839 $ 71,235 Special mention 300 — — — 300 Substandard 1,202 — 35 — 1,237 Doubtful 12 — — — 12 Loss — — — — — Total loans $ 23,554 $ 21,528 $ 20,863 $ 6,839 $ 72,784
Table of Impaired Loans, Past Due Loans and Allowance for Held-for-investment Loans	Impaired and Past Due Loans by Product Type At September 30, 2016 $ in millions Corporate Residential Real Estate Total Impaired loans with allowance $ 181 $ — $ 181 Impaired loans without allowance 1 186 28 214 Impaired loans unpaid principal balance 2 374 30 404 Past due 90 days loans and on nonaccrual 1 21 22 At December 31, 2015 $ in millions Corporate Residential Real Estate Total Impaired loans with allowance $ 39 $ — $ 39 Impaired loans without allowance 1 89 17 106 Impaired loans unpaid principal balance 2 130 19 149 Past due 90 days loans and on nonaccrual 1 21 22 At September 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 with out allowance due to various factors, including charge-offs and net deferred loan fees or costs. Select Loan Information by Region At September 30, 2016 $ in millions Americas EMEA Asia-Pacific Total Impaired loans $ 395 $ — $ — $ 395 Past due 90 days loans and on nonaccrual 22 — — 22 Allowance for loan losses 254 29 4 287 At December 31, 2015 $ in millions Americas EMEA Asia-Pacific Total Impaired loans $ 108 $ 12 $ 25 $ 145 Past due 90 days loans and on nonaccrual 22 — — 22 Allowance for loan losses 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 $ in millions Total Allowance for Loan Losses Balance at December 31, 2015 $ 166 $ 5 $ 17 $ 37 $ 225 Gross charge-offs (15) — — — (15) Gross recoveries — — — — — Net recoveries/(charge-offs) (15) — — — (15) Provision for (release of) loan losses 1 120 (2) 3 8 129 Other 2 (52) — — — (52) Balance at September 30, 2016 $ 219 $ 3 $ 20 $ 45 $ 287 Allowance for Loan Losses by Impairment Methodology Inherent $ 142 $ 3 $ 20 $ 45 $ 210 Specific 77 — — — 77 Total allowance for loan losses at September 30, 2016 $ 219 $ 3 $ 20 $ 45 $ 287 Loans Evaluated by Impairment Methodology 3 Inherent $ 24,425 $ 24,717 $ 23,534 $ 7,616 $ 80,292 Specific 367 — 28 — 395 Total loans evaluated at September 30, 2016 $ 24,792 $ 24,717 $ 23,562 $ 7,616 $ 80,687 Allowance for Lending Commitments Balance at December 31, 2015 $ 180 $ 1 $ — $ 4 $ 185 Provision for lending commitments 1 9 — — — 9 Other (7) — — — (7) Balance at September 30, 2016 $ 182 $ 1 $ — $ 4 $ 187 Allowance for Lending Commitments by Impairment Methodology Inherent $ 180 $ 1 $ — $ 4 $ 185 Specific 2 — — — 2 Total allowance for lending commitments at September 30, 2016 $ 182 $ 1 $ — $ 4 $ 187 Lending Commitments Evaluated by Impairment Methodology 3 Inherent $ 64,261 $ 5,561 $ 326 $ 536 $ 70,684 Specific 76 — — — 76 Total lending commitments evaluated at September 30, 2016 $ 64,337 $ 5,561 $ 326 $ 536 $ 70,760 Corporate Consumer Residential Real Estate Wholesale Real Estate $ in millions Total 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 31 — 3 1 35 Other (11) — — — (11) Balance at September 30, 2015 $ 139 $ 2 $ 10 $ 22 $ 173 Allowance for Loan Losses by Impairment Methodology Inherent $ 134 $ 2 $ 10 $ 22 $ 168 Specific 5 — — — 5 Total allowance for loan losses at September 30, 2015 $ 139 $ 2 $ 10 $ 22 $ 173 Loans Evaluated by Impairment Methodology 3 Inherent $ 22,426 $ 20,447 $ 19,615 $ 6,577 $ 69,065 Specific 93 — 25 — 118 Total loans evaluated at September 30, 2015 $ 22,519 $ 20,447 $ 19,640 $ 6,577 $ 69,183 Allowance for Lending Commitments Balance at December 31, 2014 $ 147 $ — $ — $ 2 $ 149 Provision for lending commitments 1 11 — — 1 12 Balance at September 30, 2015 $ 158 $ — $ — $ 3 $ 161 Allowance for Lending Commitments by Impairment Methodology Inherent $ 158 $ — $ — $ 3 $ 161 Total allowance for lending commitments at September 30, 2015 $ 158 $ — $ — $ 3 $ 161 Lending Commitments Evaluated by Impairment Methodology 3 Inherent $ 65,627 $ 4,587 $ 310 $ 446 $ 70,970 Specific 128 — — — 128 Total lending commitments evaluated at September 30, 2015 $ 65,755 $ 4,587 $ 310 $ 446 $ 71,098 No material provision was recorded for the current quarter and the prior year quarter, respectively. Amount includes $ 51 million of allowance related to loans of $ 413 million that were transferred to loans held for sale during the current year period . Loan balances are gross of the allowance for loan losses, and lending commitments are gross of the allowance for lending commitments.

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Deposits [Abstract]
Deposits	Deposits At September 30, At December 31, $ in millions 2016 1 2015 1 Savings and demand deposits $ 150,244 $ 153,346 Time deposits 2 1,599 2,688 Total 3 $ 151,843 $ 156,034 1. Total deposits subject to Federal Deposit Insurance Corporation (''FDIC'') insurance at September 30, 2016 and December 31, 2015 were $125 billion and $113 billion, respectively. Of the total time deposits subject to the FDIC insurance at September 30, 2016 and December 31, 2015, $12 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)	9 Months Ended
	Sep. 30, 2016
Components of Long-term Borrowings and Other Secured Financings
Components of Long-term Borrowings	Components of Long-term Borrowings $ in millions At September 30, 2016 At December 31, 2015 Senior debt $ 152,917 $ 140,494 Subordinated debt 11,010 10,404 Junior subordinated debentures — 2,870 Total $ 163,927 $ 153,768
Components of Other Secured Financings	Components of Other Secured Financings $ in millions At September 30, 2016 At December 31, 2015 Secured financings with original maturities greater than one year $ 8,251 $ 7,629 Secured financings with original maturities one year or less 1,292 1,435 Failed sales 1 269 400 Total $ 9,812 $ 9,464 For more information o n failed sales, see Note 12.

Commitments, Guarantees and C36

Commitments, Guarantees and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments, Guarantees and Contingencies [Abstract]
Commitments by Period of Expiration	Commitments Years to Maturity at September 30, 2016 Less $ in millions than 1 1-3 3-5 Over 5 Total Letters of credit and other financial guarantees obtained to satisfy collateral requirements $ 122 $ 1 $ 1 $ 42 $ 166 Investment activities 551 101 33 273 958 Corporate lending commitments 1 16,695 22,606 46,098 1,556 86,955 Consumer lending commitments 5,555 2 — 4 5,561 Residential real estate lending commitments 79 43 96 227 445 Wholesale real estate lending commitments 118 328 111 79 636 Forward-starting securities purchased under agreements to resell and securities borrowed 2 70,997 — — — 70,997 Underwriting commitments 51 — — — 51 Total $ 94,168 $ 23,081 $ 46,339 $ 2,181 $ 165,769 1. Due to the nature of the Firm’s obligations under the commitments, these amounts include certain commitments participated to third parties of $ 5.7 billion. 2. The Firm enters into forward-starting securities purchased under agreements to resell and securities borrowed agreements that primarily settle within three business days of the trade date, and of the total amount at September 30, 2016 , $ 60.3 billion settled within three business days.
Obligations under Guarantee Arrangements	Obligations Under Guarantee Arrangements at September 30, 2016 Maximum Potential Payout/Notional Carrying Amount (Asset)/ Liability Collateral/ Recourse Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Credit derivative contracts 1 $ 207,761 $ 178,588 $ 96,890 $ 42,905 $ 526,144 $ (1,873) $ — Other credit contracts 55 18 — 260 333 (9) — Non-credit derivative contracts 1 994,398 644,322 269,117 551,899 2,459,736 73,892 — Standby letters of credit and other financial guarantees issued 2 1,177 651 1,480 5,590 8,898 (129) 6,886 Market value guarantees 52 254 93 13 412 2 6 Liquidity facilities 3,038 — — — 3,038 (5) 5,404 Whole loan sales guarantees — — 2 23,359 23,361 8 — Securitization representations and warranties — — — 60,333 60,333 103 — General partner guarantees 8 36 52 309 405 50 — 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. These amounts include certain issued standby letters of credit participated to third parties totaling $ 0.8 billion due to the nature of the Firm’s obligations under these arrangements.

Variable Interest Entities an37

Variable Interest Entities and Securitization Activities (Tables)	9 Months Ended
	Sep. 30, 2016
Securitization Activities and Variable Interest Entities [Abstract]
Consolidated VIEs	Consolidated VIEs Assets and Liabilities by Type of Activity At September 30, 2016 At December 31, 2015 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities Credit-linked notes $ 901 $ — $ 900 $ — Other structured financings 572 7 787 13 Asset-backed securitizations 1 597 371 668 423 Other 2 916 32 245 — Total $ 2,986 $ 410 $ 2,600 $ 436 Asset-backed securitizations include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets including consumer or commercial assets. 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 operati ng entities, investment funds and structured transactions. Assets and Liabilities by Balance Sheet Caption At September 30, At December 31, $ in millions 2016 2015 Assets Cash and due from banks $ 86 $ 14 Trading assets, at fair value 1,889 1,842 Customer and other receivables 7 3 Goodwill 18 — Intangible assets 138 — Other assets 848 741 Total assets $ 2,986 $ 2,600 Liabilities Other secured financings, at fair value $ 378 $ 431 Other liabilities and accrued expenses 32 5 Total liabilities $ 410 $ 436
Non-Consolidated VIEs	Non-Consolidated VIE Assets, Maximum and Carrying Value of Exposure to Loss At September 30, 2016 $ in millions Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other VIE assets that the Firm does not consolidate (unpaid principal balance) $ 120,846 $ 4,875 $ 5,070 $ 4,597 $ 39,119 Maximum exposure to loss Debt and equity interests $ 12,505 $ 741 $ 45 $ 1,639 $ 5,011 Derivative and other contracts — — 3,038 — 46 Commitments, guarantees and other 714 196 — 373 363 Total maximum exposure to loss $ 13,219 $ 937 $ 3,083 $ 2,012 $ 5,420 Carrying value of exposure to loss—Assets Debt and equity interests $ 12,505 $ 741 $ 12 $ 1,248 $ 5,011 Derivative and other contracts — — 6 — 15 Total carrying value of exposure to loss—Assets $ 12,505 $ 741 $ 18 $ 1,248 $ 5,026 At December 31, 2015 $ in millions Mortgage- and Asset-Backed Securitizations Collateralized Debt Obligations Municipal Tender Option Bonds Other Structured Financings Other 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 Non-Consolidated VIE Mortgage- and Asset-Backed Securitization Assets At September 30, 2016 At December 31, 2015 Unpaid Principal Balance Debt and Equity Interests Unpaid Principal Balance Debt and Equity Interests $ in millions Residential mortgages $ 7,824 $ 620 $ 13,787 $ 1,012 Commercial mortgages 63,835 2,705 57,313 2,871 U.S. agency collateralized mortgage obligations 18,744 3,532 13,236 2,763 Other consumer or commercial loans 30,443 5,648 42,536 6,715 Total mortgage- and asset- backed securitization assets $ 120,846 $ 12,505 $ 126,872 $ 13,361
Information Regarding SPEs	At September 30, 2016 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other 1 $ in millions SPE assets (unpaid principal balance) 2 $ 19,196 $ 61,089 $ 14,433 $ 11,497 Retained interests (fair value) Investment grade $ — $ 65 $ 518 $ — Non-investment grade 6 72 — 973 Total retained interests (fair value) $ 6 $ 137 $ 518 $ 973 Interests purchased in the secondary market (fair value) Investment grade $ — $ 131 $ 156 $ — Non-investment grade 24 89 — — Total interests purchased in the secondary market (fair value) $ 24 $ 220 $ 156 $ — Derivative assets (fair value) $ — $ 301 $ — $ 111 Derivative liabilities (fair value) — — — 443 At December 31, 2015 Residential Mortgage Loans Commercial Mortgage Loans U.S. Agency Collateralized Mortgage Obligations Credit-Linked Notes and Other 1 $ 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 include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. At September 30, 2016 $ in millions Level 2 Level 3 Total Retained interests (fair value) Investment grade $ 583 $ — $ 583 Non-investment grade 31 1,020 1,051 Total retained interests (fair value) $ 614 $ 1,020 $ 1,634 Interests purchased in the secondary market (fair value) Investment grade $ 287 $ — $ 287 Non-investment grade 100 13 113 Total interests purchased in the secondary market (fair value) $ 387 $ 13 $ 400 Derivative assets (fair value) $ 396 $ 16 $ 412 Derivative liabilities (fair value) 82 361 443 At December 31, 2015 $ in millions Level 2 Level 3 Total 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Proceeds received from new securitization transactions $ 6,819 $ 6,105 $ 13,695 $ 17,270 Proceeds from retained interests in securitization transactions 768 476 1,901 2,082 Proceeds from Sales to CLO Entities Sponsored by Non-Affiliates Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Proceeds from sale of corporate loans sold to those SPEs $ 199 $ 121 $ 230 $ 1,086
Schedule of exposure of securities enter into bilateral OTC equity derivatives	Carrying and Fair Value of Assets Sold and Retained Interest Exposure $ in millions At September 30, 2016 At December 31, 2015 Carrying value of assets derecognized at the time of sale and gross cash proceeds $ 9,792 $ 7,878 Fair value of assets sold 9,900 7,935 Fair value of derivative assets recognized in the consolidated balance sheets 118 97 Fair value of derivative liabilities recognized in the consolidated balance sheets 10 40
Transfers of Assets Treated as Secured Financings	Carrying Value of Assets and Liabilities Related to Failed Sales At September 30, 2016 At December 31, 2015 $ in millions Assets Liabilities Assets Liabilities Failed sales $ 269 $ 269 $ 400 $ 400

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	9 Months Ended
	Sep. 30, 2016
Regulatory Requirements
Regulatory Capital and Capital Ratios	Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Minimum Ratio 1 Regulatory capital and capital ratios Common Equity Tier 1 capital $ 60,340 16.8% 5.9% Tier 1 capital 67,603 18.9% 7.4% Total capital 78,838 22.0% 9.4% Tier 1 leverage 2 — 8.3% 4.0% Assets Total RWAs $ 358,486 N/A N/A Adjusted average assets 3 809,927 N/A N/A At December 31, 2015 $ in millions Amount Ratio Minimum Ratio 1 Regulatory capital and capital ratios Common Equity Tier 1 capital $ 59,409 15.5% 4.5% Tier 1 capital 66,722 17.4% 6.0% Total capital 79,403 20.7% 8.0% Tier 1 leverage 2 — 8.3% 4.0% Assets Total RWAs $ 384,162 N/A N/A Adjusted average assets 3 803,574 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, cert ain investments in the capital instruments of unconsolidated financial institutions and other adjustments.
MSBNA
Regulatory Requirements
Regulatory Capital and Capital Ratios	MSBNA’s Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 13,105 15.7% 6.5% Tier 1 capital 13,105 15.7% 8.0% Total capital 14,577 17.5% 10.0% Tier 1 leverage 13,105 10.1% 5.0% At December 31, 2015 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 13,333 15.1% 6.5% Tier 1 capital 13,333 15.1% 8.0% Total capital 15,097 17.1% 10.0% Tier 1 leverage 13,333 10.2% 5.0% 1. Capital ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes.
MSPBNA
Regulatory Requirements
Regulatory Capital and Capital Ratios	MSPBNA’s Regulatory Capital At September 30, 2016 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 5,264 26.5% 6.5% Tier 1 capital 5,264 26.5% 8.0% Total capital 5,298 26.7% 10.0% Tier 1 leverage 5,264 10.5% 5.0% At December 31, 2015 $ in millions Amount Ratio Required Capital Ratio 1 Common Equity Tier 1 capital $ 4,197 26.5% 6.5% Tier 1 capital 4,197 26.5% 8.0% Total capital 4,225 26.7% 10.0% Tier 1 leverage 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)	9 Months Ended
	Sep. 30, 2016
Redeemable Noncontrolling Interests and Total Equity
Preferred Stock Outstanding	Preferred Stock Outstanding $ in millions, except per share data Shares Outstanding Carrying Value At Liquidation At At September 30, Preference September 30, December 31, 2016 per Share 2016 2015 Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 comprised 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 $ 503 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 $ in millions Foreign Currency Translation Adjustments AFS Securities Pensions, Postretirement and Other DVA Total Balance at June 30, 2016 $ (779) $ 219 $ (378) $ 33 $ (905) Change in OCI before reclassifications 25 (69) — (94) (138) Amounts reclassified from AOCI 2 — (30) (1) 4 (27) Net OCI during the period 25 (99) (1) (90) (165) Balance at September 30, 2016 $ (754) $ 120 $ (379) $ (57) $ (1,070) Balance at June 30, 2015 $ (833) $ (101) $ (513) $ — $ (1,447) Change in OCI before reclassifications (76) 111 2 — 37 Amounts reclassified from AOCI 2 — (11) 2 — (9) Net OCI during the period (76) 100 4 — 28 Balance at September 30, 2015 $ (909) $ (1) $ (509) $ — $ (1,419) $ in millions Foreign Currency Translation Adjustments AFS Securities Pensions, Postretirement and Other DVA Total 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 209 521 (3) 277 1,004 Amounts reclassified from AOCI 2, 3 — (82) (2) (22) (106) Net OCI during the period 209 439 (5) 255 898 Balance at September 30, 2016 $ (754) $ 120 $ (379) $ (57) $ (1,070) Balance at December 31, 2014 $ (663) $ (73) $ (512) $ — $ (1,248) Change in OCI before reclassifications (246) 118 (2) — (130) Amounts reclassified from AOCI 2 — (46) 5 — (41) Net OCI during the period (246) 72 3 — (171) Balance at September 30, 2015 $ (909) $ (1) $ (509) $ — $ (1,419) 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. Amounts reclassified from AOCI related to realized gains and losses from sales of AFS securities are classified within Other revenues in the consolidated statements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ (17) million in the current quart er and $ (47) million in the current year period, and $ (7) million in the prior year quarter and $ (27) million in the prior year period . Amounts reclassified from AOCI related to realization of DVA are classified within Trading revenues in the consolidated stat ements of income. The tax impact in Provision for (benefit from) income taxes resulting from such reclassifications was $ 2 million in the current quarter and $ (13) million in the current year period. See Note 2 for further information.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	Three Months Ended Nine Months Ended September 30, September 30, in millions, except for per share data 2016 2015 2016 2015 Basic EPS Income from continuing operations $ 1,632 $ 1,051 $ 4,442 $ 5,352 Income (loss) from discontinued operations 8 (2) 1 (9) Net income 1,640 1,049 4,443 5,343 Net income applicable to noncontrolling interests 43 31 130 124 Net income applicable to Morgan Stanley 1,597 1,018 4,313 5,219 Less: Preferred stock dividends (78) (78) (312) (297) Less: Allocation of (earnings) loss to participating RSUs 1 (1) (1) (2) (4) Earnings applicable to Morgan Stanley common shareholders $ 1,518 $ 939 $ 3,999 $ 4,918 Weighted average common shares outstanding 1,838 1,904 1,863 1,916 Earnings per basic common share Income from continuing operations $ 0.82 $ 0.49 $ 2.15 $ 2.57 Income (loss) from discontinued operations 0.01 — — — Earnings per basic common share $ 0.83 $ 0.49 $ 2.15 $ 2.57 Diluted EPS Earnings applicable to Morgan Stanley common shareholders $ 1,518 $ 939 $ 3,999 $ 4,918 Weighted average common shares outstanding 1,838 1,904 1,863 1,916 Effect of dilutive securities: Stock options and RSUs 1 41 45 35 42 Weighted average common shares outstanding and common stock equivalents 1,879 1,949 1,898 1,958 Earnings per diluted common share Income from continuing operations $ 0.80 $ 0.48 $ 2.11 $ 2.52 Income (loss) from discontinued operations 0.01 — — (0.01) Earnings per diluted common share $ 0.81 $ 0.48 $ 2.11 $ 2.51 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 mil lion shares for the current quarter and 12 million shares for the prior year quarter , and 15 million shares for the current year period and 12 million s hares for the prior year period .

Interest Income and Interest 41

Interest Income and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2016
Interest Income and Interest Expense
Schedule of Details of Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Interest income 1 Trading assets 2 $ 526 $ 568 $ 1,651 $ 1,707 Investment securities 289 211 762 650 Loans 698 560 2,026 1,573 Interest bearing deposits with banks 30 29 134 74 Securities purchased under agreements to resell and Securities borrowed 3 (118) (99) (315) (404) Customer receivables and Other 4 309 182 890 721 Total interest income $ 1,734 $ 1,451 $ 5,148 $ 4,321 Interest expense 1 Deposits $ 12 $ 17 $ 48 $ 51 Short-term borrowings (3) 7 12 16 Long-term borrowings 817 908 2,621 2,749 Securities sold under agreements to repurchase and Securities loaned 5 228 254 761 797 Customer payables and Other 6 (323) (497) (1,109) (1,348) Total interest expense $ 731 $ 689 $ 2,333 $ 2,265 Net interest $ 1,003 $ 762 $ 2,815 $ 2,056 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. Includes fees pa id on Securities borrowed. 4. Inclu des 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 transactions incurred to co ver customers’ short positions .

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Service cost, benefits earned during the period $ 6 $ 5 $ 14 $ 15 Interest cost on projected benefit obligation 38 39 115 116 Expected return on plan assets (31) (30) (91) (89) Net amortization of prior service credit (4) (4) (13) (14) Net amortization of actuarial loss 3 6 9 19 Net periodic benefit expense $ 12 $ 16 $ 34 $ 47

Segment and Geographic Inform43

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Selected Financial Information by Segments	Selected Financial Information by Business Segment Three Months Ended September 30, 2016 $ in millions Institutional Securities 1,2 Wealth Management 2 Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 4,436 $ 2,996 $ 551 $ (77) $ 7,906 Interest income 980 979 1 (226) 1,734 Interest expense 863 94 — (226) 731 Net interest 117 885 1 — 1,003 Net revenues $ 4,553 $ 3,881 $ 552 $ (77) $ 8,909 Income (loss) from continuing operations before income taxes $ 1,383 $ 901 $ 97 $ — $ 2,381 Provision (benefit) for income taxes 381 337 31 — 749 Income (loss) from continuing operations 1,002 564 66 — 1,632 Income from discontinued operations, net of income taxes 8 — — — 8 Net income (loss) 1,010 564 66 — 1,640 Net income (loss) applicable to noncontrolling interests 44 — (1) — 43 Net income (loss) applicable to Morgan Stanley $ 966 $ 564 $ 67 $ — $ 1,597 Three Months Ended September 30, 2015 $ in millions Institutional Securities 1 Wealth Management Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 3,889 $ 2,889 $ 278 $ (51) $ 7,005 Interest income 825 777 — (151) 1,451 Interest expense 810 26 4 (151) 689 Net interest 15 751 (4) — 762 Net revenues $ 3,904 $ 3,640 $ 274 $ (51) $ 7,767 Income (loss) from continuing operations before income taxes $ 688 $ 824 $ (38) $ — $ 1,474 Provision (benefit) for income taxes 141 315 (33) — 423 Income (loss) from continuing operations 547 509 (5) — 1,051 Income (loss) from discontinued operations, net of income taxes (3) — 1 — (2) Net income (loss) 544 509 (4) — 1,049 Net income applicable to noncontrolling interests 26 — 5 — 31 Net income (loss) applicable to Morgan Stanley $ 518 $ 509 $ (9) $ — $ 1,018 Nine Months Ended September 30, 2016 $ in millions Institutional Securities 1,2 Wealth Management 2 Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 12,577 $ 8,815 $ 1,610 $ (207) $ 22,795 Interest income 2,999 2,813 5 (669) 5,148 Interest expense 2,731 268 3 (669) 2,333 Net interest 268 2,545 2 — 2,815 Net revenues $ 12,845 $ 11,360 $ 1,612 $ (207) $ 25,610 Income from continuing operations before income taxes $ 3,797 $ 2,546 $ 259 $ — $ 6,602 Provision for income taxes 1,109 973 78 — 2,160 Income from continuing operations 2,688 1,573 181 — 4,442 Income from discontinued operations, net of income taxes 1 — — — 1 Net income 2,689 1,573 181 — 4,443 Net income applicable to noncontrolling interests 144 — (14) — 130 Net income applicable to Morgan Stanley $ 2,545 $ 1,573 $ 195 $ — $ 4,313 Nine Months Ended September 30, 2015 $ in millions Institutional Securities 1 Wealth Management Investment Management Intersegment Eliminations Total Total non-interest revenues 3,4 $ 14,640 $ 9,172 $ 1,709 $ (160) $ 25,361 Interest income 2,418 2,296 1 (394) 4,321 Interest expense 2,524 119 16 (394) 2,265 Net interest (106) 2,177 (15) — 2,056 Net revenues $ 14,534 $ 11,349 $ 1,694 $ (160) $ 27,417 Income from continuing operations before income taxes $ 4,123 $ 2,564 $ 369 $ — $ 7,056 Provision for income taxes 5 658 959 87 — 1,704 Income from continuing operations 3,465 1,605 282 — 5,352 Income (loss) from discontinued operations, net of income taxes (10) — 1 — (9) Net income 3,455 1,605 283 — 5,343 Net income applicable to noncontrolling interests 100 — 24 — 124 Net income applicable to Morgan Stanley $ 3,355 $ 1,605 $ 259 $ — $ 5,219 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 , DV A 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 further information. Effective July 1, 2016, the Wealth Management and Institutional Securities business segments entered into an agreement whereby Institutional Securities assumed management of Wealth Management’s fixed income c lient-driven trading activities an d pays fees to Wealth Management based on distribution activity. Prior periods have not been recast for this new inter-segment agreement due to immateriality . In certain manage ment fee arrangements, the Firm is entitled to receive performance-based fees (a lso referred to as incentive fees and includes carried interest) when the return on assets under management exceeds certain benchmark returns or other performance targets. In such arrangements, performance fee revenues are accrued (or reversed) quarterly b ased on measuring account/fund performance to date versus the performance benchmark stated in the investment management agreement. The Firm’s portion of net unrealized cumulative performance-based fee s (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 $ 419 million and $ 4 22 million at September 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. The Firm waives 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 $ 26 million for the current quarter and $ 52 million for the prior year quarter, and $ 61 million for the current year period and $ 152 million for the prior year period . The Firm’s effective tax rate from continuing operations for the prior year 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 September 30, At December 31, $ in millions 2016 2015 Institutional Securities $ 634,648 $ 602,714 Wealth Management 174,521 179,708 Investment Management 4,722 5,043 Total 1 $ 813,891 $ 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 Nine Months Ended September 30, September 30, $ in millions 2016 2015 2016 2015 Americas $ 6,624 $ 5,652 $ 18,914 $ 19,359 EMEA 1,236 1,198 3,677 4,396 Asia-Pacific 1,049 917 3,019 3,662 Net revenues $ 8,909 $ 7,767 $ 25,610 $ 27,417

Introduction and Basis of Pre44

Introduction and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Cash Flows
Non-cash reduction of assets			$ 169
Deconsolidation in net assets previously attributable to noncontrolling interests that were related to a real estate fund sponsored by the Firm			191
Accounting Standard Early Adoption
Disclosures by Disposal Groups, Including Discontinued Operations
Net noncash increase in total assets		$ 126
Global Oil Merchanting Business
Discontinued Operations
Gains (losses) on business dispositions	$ (10)		$ (69)

Significant Accounting Polici45

Significant Accounting Policies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
New Accounting Standards Early Adoption
Cumulative adjustment for accounting change related to DVA	$ 0	[1]
Recognition and Measurement of Financial Assets and Financial Liabilities
New Accounting Standards Early Adoption
Cumulative adjustment for accounting change related to DVA	312
Amendments to the Consolidation Analysis
New Accounting Standards Adopted
Increase (decrease) in assets	206
Assets deconsolidated	75
Increase (decrease) of assets net of deconsolidations	$ 131
[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 informatio n.

Fair Values (Assets and Liabili

Fair Values (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Assets at Fair Value
Total trading assets	$ 273,151	$ 239,505
Total AFS securities, fair value	65,732	66,759
Securities purchased under agreement to resell	554	806
Commitment	493	670
Investment measured at fair value using the NAV per share	3,145	3,843
Liabilities at Fair Value
Deposits	60	125
Short-term borrowings	408	1,648
Obligation to return securities received as collateral	20,935	19,316
Total trading liabilities	136,299	128,455
Securities sold under agreement to repurchase	745	683
Other secured financings	3,746	2,854
Long-term borrowings	38,747	33,045
Recurring
Assets at Fair Value
U.S. government and agency securities	50,625	36,341
Other sovereign government obligations	28,424	20,963
Corporate and other debt	28,801	29,847
Corporate equities	114,479	107,108
Securities received as collateral	12,540	11,225
Derivative and other contracts	33,085	28,613
Netting	(508,767)	(442,965)
Investments	1,873	1,244
Physical commodities	179	321
Total trading assets	270,006	235,662
Total AFS securities, fair value	65,732	66,759
Securities purchased under agreement to resell	554	806
Intangible assets	3	5
Total assets	336,295	303,232
Liabilities at Fair Value
Deposits	60	125
Short-term borrowings	408	1,648
U.S. government and agency securities	10,382	13,913
Other sovereign government obligations	20,795	13,528
Corporate and other debt	6,613	5,049
Corporate equities	45,049	47,175
Obligation to return securities received as collateral	20,935	19,316
Derivative and other contracts	32,521	29,474
Netting	(495,269)	(427,876)
Physical commodities	4
Total trading liabilities	136,299	128,455
Securities sold under agreement to repurchase	745	683
Other secured financings	3,746	2,854
Long-term borrowings	38,747	33,045
Total liabilities	180,005	166,810
Recurring | Corporate Loans
Assets at Fair Value
Loan and lending commitment held at fair value	7,038	7,286
Recurring | Residential Real Estate
Assets at Fair Value
Loan and lending commitment held at fair value	1,338	1,885
Recurring | Wholesale Real Estate
Assets at Fair Value
Loan and lending commitment held at fair value	836	1,447
Recurring | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	23,199	17,658
Liabilities at Fair Value
U.S. government and agency securities	9,500	12,932
Recurring | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	27,426	18,683
Liabilities at Fair Value
U.S. government and agency securities	882	981
Recurring | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	2,251	1,670
Liabilities at Fair Value
Corporate and other debt	230
Recurring | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	999	1,797
Recurring | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,491	1,592
Liabilities at Fair Value
Corporate and other debt		2
Recurring | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	127	519
Liabilities at Fair Value
Corporate and other debt	477
Recurring | Corporate Bonds
Assets at Fair Value
Corporate and other debt	13,095	10,226
Liabilities at Fair Value
Corporate and other debt	5,886	5,035
Recurring | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	488	714
Recurring | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	9,212	10,618
Recurring | Lending Commitments
Liabilities at Fair Value
Corporate and other debt		3
Recurring | Other Debt
Assets at Fair Value
Corporate and other debt	1,138	2,711
Liabilities at Fair Value
Corporate and other debt	20	9
Recurring | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	418,878	326,044
Liabilities at Fair Value
Derivative and other contracts	397,989	307,409
Recurring | Credit Contracts
Assets at Fair Value
Derivative and other contracts	14,724	22,919
Liabilities at Fair Value
Derivative and other contracts	16,164	23,665
Recurring | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	51,202	64,955
Liabilities at Fair Value
Derivative and other contracts	56,243	65,350
Recurring | Equity Contracts
Assets at Fair Value
Derivative and other contracts	43,421	40,289
Liabilities at Fair Value
Derivative and other contracts	46,652	46,132
Recurring | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	13,602	17,152
Liabilities at Fair Value
Derivative and other contracts	10,666	14,751
Recurring | Other Contracts
Assets at Fair Value
Derivative and other contracts	25	219
Liabilities at Fair Value
Derivative and other contracts	76	43
Recurring | Principal Investments
Assets at Fair Value
Investments	778	550
Recurring | Other Investments
Assets at Fair Value
Investments	1,095	694
Recurring | Level 1
Assets at Fair Value
U.S. government and agency securities	25,219	18,455
Other sovereign government obligations	21,437	13,559
Corporate and other debt	0	0
Corporate equities	113,805	106,296
Securities received as collateral	12,535	11,221
Derivative and other contracts	602	414
Netting	(3,758)	(3,840)
Investments	642	183
Physical commodities	0	0
Total trading assets	174,240	150,128
Total AFS securities, fair value	28,997	34,351
Securities purchased under agreement to resell	0	0
Intangible assets	0	0
Total assets	203,237	184,479
Liabilities at Fair Value
Deposits	0	0
Short-term borrowings	0	0
U.S. government and agency securities	10,286	13,786
Other sovereign government obligations	18,685	10,970
Corporate and other debt	0	0
Corporate equities	44,980	47,123
Obligation to return securities received as collateral	20,929	19,312
Derivative and other contracts	261	230
Netting	(3,758)	(3,840)
Total trading liabilities	95,141	91,421
Securities sold under agreement to repurchase	0	0
Other secured financings	0	0
Long-term borrowings	43	0
Total liabilities	95,184	91,421
Recurring | Level 1 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	23,199	17,658
Liabilities at Fair Value
U.S. government and agency securities	9,500	12,932
Recurring | Level 1 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	2,020	797
Liabilities at Fair Value
U.S. government and agency securities	786	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	648	406
Liabilities at Fair Value
Derivative and other contracts	690	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	124	55
Liabilities at Fair Value
Derivative and other contracts	22	22
Recurring | Level 1 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	1,363	653
Liabilities at Fair Value
Derivative and other contracts	1,305	570
Recurring | Level 1 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	2,225	3,140
Liabilities at Fair Value
Derivative and other contracts	2,002	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	33	20
Recurring | Level 1 | Other Investments
Assets at Fair Value
Investments	609	163
Recurring | Level 2
Assets at Fair Value
U.S. government and agency securities	25,398	17,886
Other sovereign government obligations	6,975	7,400
Corporate and other debt	23,848	22,309
Corporate equities	338	379
Securities received as collateral	4	3
Derivative and other contracts	85,002	79,434
Netting	(444,890)	(380,443)
Investments	295	354
Physical commodities	179	321
Total trading assets	142,039	128,086
Total AFS securities, fair value	36,735	32,408
Securities purchased under agreement to resell	554	806
Intangible assets	3	0
Total assets	179,331	161,300
Liabilities at Fair Value
Deposits	29	106
Short-term borrowings	406	1,647
U.S. government and agency securities	96	127
Other sovereign government obligations	2,110	2,558
Corporate and other debt	6,597	5,045
Corporate equities	50	35
Obligation to return securities received as collateral	5	3
Derivative and other contracts	71,766	63,966
Netting	(444,890)	(380,443)
Physical commodities	4
Total trading liabilities	80,628	71,734
Securities sold under agreement to repurchase	596	532
Other secured financings	3,296	2,393
Long-term borrowings	36,662	31,058
Total liabilities	121,617	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	25,398	17,886
Liabilities at Fair Value
U.S. government and agency securities	96	127
Recurring | Level 2 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	2,247	1,651
Liabilities at Fair Value
Corporate and other debt	230
Recurring | Level 2 | Residential Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	811	1,456
Recurring | Level 2 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	1,427	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	115	494
Liabilities at Fair Value
Corporate and other debt	477
Recurring | Level 2 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	12,896	9,959
Liabilities at Fair Value
Corporate and other debt	5,873	5,035
Recurring | Level 2 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	403	284
Recurring | Level 2 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	5,057	4,682
Recurring | Level 2 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt		3
Recurring | Level 2 | Other Debt
Assets at Fair Value
Corporate and other debt	892	2,263
Liabilities at Fair Value
Corporate and other debt	17	5
Recurring | Level 2 | Interest Rate Contracts
Assets at Fair Value
Derivative and other contracts	417,114	323,586
Liabilities at Fair Value
Derivative and other contracts	396,224	305,151
Recurring | Level 2 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	14,208	22,258
Liabilities at Fair Value
Derivative and other contracts	14,765	22,160
Recurring | Level 2 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	51,072	64,608
Liabilities at Fair Value
Derivative and other contracts	56,108	65,177
Recurring | Level 2 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	40,194	38,552
Liabilities at Fair Value
Derivative and other contracts	43,623	42,447
Recurring | Level 2 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	7,279	10,654
Liabilities at Fair Value
Derivative and other contracts	5,860	9,431
Recurring | Level 2 | Other Contracts
Assets at Fair Value
Derivative and other contracts	25	219
Liabilities at Fair Value
Derivative and other contracts	76	43
Recurring | Level 2 | Principal Investments
Assets at Fair Value
Investments	19	44
Recurring | Level 2 | Other Investments
Assets at Fair Value
Investments	276	310
Recurring | Level 3
Assets at Fair Value
U.S. government and agency securities	8	0
Other sovereign government obligations	12	4
Corporate and other debt	4,953	7,538
Corporate equities	336	433
Securities received as collateral	1	1
Derivative and other contracts	5,428	4,327
Netting	(2,172)	(3,120)
Investments	936	707
Physical commodities	0	0
Total trading assets	11,674	13,010
Total AFS securities, fair value	0	0
Securities purchased under agreement to resell	0	0
Intangible assets	0	5
Total assets	11,674	13,015
Liabilities at Fair Value
Deposits	31	19
Short-term borrowings	2	1
U.S. government and agency securities	0	0
Other sovereign government obligations	0	0
Corporate and other debt	16	4
Corporate equities	19	17
Obligation to return securities received as collateral	1	1
Derivative and other contracts	4,943	5,751
Netting	(2,172)	(3,120)
Total trading liabilities	4,979	5,773
Securities sold under agreement to repurchase	149	151
Other secured financings	450	461
Long-term borrowings	2,042	1,987
Total liabilities	7,653	8,392
Recurring | Level 3 | U.S. Treasury Securities
Assets at Fair Value
U.S. government and agency securities	0	0
Liabilities at Fair Value
U.S. government and agency securities	0	0
Recurring | Level 3 | U.S. Agency Securities
Assets at Fair Value
U.S. government and agency securities	8	0
Liabilities at Fair Value
U.S. government and agency securities	0	0
Recurring | Level 3 | State and Municipal Securities
Assets at Fair Value
Corporate and other debt	4	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	188	341
Recurring | Level 3 | Commercial Mortgage-backed Securities
Assets at Fair Value
Corporate and other debt	64	72
Liabilities at Fair Value
Corporate and other debt		0
Recurring | Level 3 | Asset-backed Securities
Assets at Fair Value
Corporate and other debt	12	25
Liabilities at Fair Value
Corporate and other debt	0
Recurring | Level 3 | Corporate Bonds
Assets at Fair Value
Corporate and other debt	199	267
Liabilities at Fair Value
Corporate and other debt	13	0
Recurring | Level 3 | Collateralized Debt and Loan Obligations
Assets at Fair Value
Corporate and other debt	85	430
Recurring | Level 3 | Loans and Lending Commitments
Assets at Fair Value
Corporate and other debt	4,155	5,936
Recurring | Level 3 | Lending Commitments
Liabilities at Fair Value
Corporate and other debt		0
Recurring | Level 3 | Other Debt
Assets at Fair Value
Corporate and other debt	246	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	1,116	2,052
Liabilities at Fair Value
Derivative and other contracts	1,075	1,792
Recurring | Level 3 | Credit Contracts
Assets at Fair Value
Derivative and other contracts	516	661
Liabilities at Fair Value
Derivative and other contracts	1,399	1,505
Recurring | Level 3 | Foreign Exchange Contracts
Assets at Fair Value
Derivative and other contracts	6	292
Liabilities at Fair Value
Derivative and other contracts	113	151
Recurring | Level 3 | Equity Contracts
Assets at Fair Value
Derivative and other contracts	1,864	1,084
Liabilities at Fair Value
Derivative and other contracts	1,724	3,115
Recurring | Level 3 | Commodity Contracts
Assets at Fair Value
Derivative and other contracts	4,098	3,358
Liabilities at Fair Value
Derivative and other contracts	2,804	2,308
Recurring | Level 3 | Other Contracts
Assets at Fair Value
Derivative and other contracts	0	0
Liabilities at Fair Value
Derivative and other contracts	0	0
Recurring | Level 3 | Principal Investments
Assets at Fair Value
Investments	726	486
Recurring | Level 3 | Other Investments
Assets at Fair Value
Investments	210	221
Recurring | Counterparty and Cash Collateral Netting
Assets at Fair Value
Derivative and other contracts	(57,947)	(55,562)
Netting	(57,947)	(55,562)
Total trading assets	(57,947)	(55,562)
Total assets	(57,947)	(55,562)
Liabilities at Fair Value
Derivative and other contracts	(44,449)	(40,473)
Netting	(44,449)	(40,473)
Total trading liabilities	(44,449)	(40,473)
Total liabilities	$ (44,449)	$ (40,473)

Fair Values (Roll-forward of Le

Fair Values (Roll-forward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Trading Assets | U.S. Agency Securities
Assets
Beginning balance	$ 20	$ 3	$ 0
Realized and Unrealized Gains (Losses)	0	0	0
Purchases	0	0	3
Sales	(18)	0	(37)
Issuances	0	0	0
Settlements	0	0	0
Net Transfers	6	(3)	42
Ending balance	8	0	8	$ 0	$ 0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	0
Trading Assets | Other Sovereign Government Obligations
Assets
Beginning balance	2	12	4	41	41
Realized and Unrealized Gains (Losses)	0	0	0	(1)
Purchases	6	5	10	7
Sales	(1)	(4)	(6)	(31)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	5	(2)	4	(5)
Ending balance	12	11	12	11	4
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	0	0
Trading Assets | Corporate and Other Debt
Assets
Beginning balance	6,696	7,703	7,538	8,044	8,044
Realized and Unrealized Gains (Losses)	(67)	(136)	(94)	90
Purchases	795	1,207	1,260	2,596
Sales	(642)	(649)	(1,796)	(1,148)
Issuances	0	0	0	0
Settlements	(733)	(1,280)	(986)	(2,870)
Net Transfers	(1,096)	167	(969)	300
Ending balance	4,953	7,012	4,953	7,012	7,538
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(72)	(96)	(18)	(76)
Trading Assets | Corporate and Other Debt | State and Municipal Securities
Assets
Beginning balance	10	7	19	0	0
Realized and Unrealized Gains (Losses)	1	5	0	5
Purchases	0	12	0	14
Sales	(7)	(5)	(16)	(1)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	14	1	15
Ending balance	4	33	4	33	19
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	5	0	5
Trading Assets | Corporate and Other Debt | Residential Mortgage-backed Securities
Assets
Beginning balance	216	378	341	175	175
Realized and Unrealized Gains (Losses)	1	3	(14)	28
Purchases	56	59	64	172
Sales	(76)	(55)	(201)	(57)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(9)	19	(2)	86
Ending balance	188	404	188	404	341
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(12)	4	(13)	19
Trading Assets | Corporate and Other Debt | Commercial Mortgage-backed Securities
Assets
Beginning balance	51	84	72	96	96
Realized and Unrealized Gains (Losses)	(5)	(12)	(17)	(17)
Purchases	12	17	19	23
Sales	(1)	(6)	(18)	(23)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	7	(4)	8	0
Ending balance	64	79	64	79	72
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(3)	(12)	(15)	(19)
Trading Assets | Corporate and Other Debt | Asset-backed Securities
Assets
Beginning balance	88	19	25	76	76
Realized and Unrealized Gains (Losses)	(3)	0	(4)	(1)
Purchases	6	13	5	22
Sales	(79)	(7)	(95)	(31)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	6	81	(35)
Ending balance	12	31	12	31	25
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	(3)	4
Trading Assets | Corporate and Other Debt | Corporate Bonds
Assets
Beginning balance	276	479	267	386	386
Realized and Unrealized Gains (Losses)	(55)	(25)	(4)	(19)
Purchases	20	78	146	155
Sales	(23)	(228)	(276)	(218)
Issuances	0	0	0	0
Settlements	0	(50)	0	(53)
Net Transfers	(19)	(28)	66	(25)
Ending balance	199	226	199	226	267
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(55)	(6)	(17)	(16)
Trading Assets | Corporate and Other Debt | Collateralized Debt and Loan Obligations
Assets
Beginning balance	109	660	430	1,152	1,152
Realized and Unrealized Gains (Losses)	6	(7)	9	141
Purchases	9	80	13	320
Sales	(38)	(188)	(295)	(709)
Issuances	0	0	0	0
Settlements	0	0	0	(331)
Net Transfers	(1)	0	(72)	(28)
Ending balance	85	545	85	545	430
Unrealized Gains (Losses) for Level 3 Assets Outstanding	10	(11)	16	(7)
Trading Assets | Corporate and Other Debt | Loans and Lending Commitments
Assets
Beginning balance	5,418	5,512	5,936	5,874	5,874
Realized and Unrealized Gains (Losses)	(12)	(78)	(65)	(34)
Purchases	501	939	921	1,860
Sales	(206)	(156)	(860)	(95)
Issuances	0	0	0	0
Settlements	(733)	(1,229)	(986)	(2,461)
Net Transfers	(813)	176	(791)	20
Ending balance	4,155	5,164	4,155	5,164	5,936
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(12)	(53)	(51)	(62)
Trading Assets | Corporate and Other Debt | Other Debt
Assets
Beginning balance	528	564	448	285	285
Realized and Unrealized Gains (Losses)	0	(22)	1	(13)
Purchases	191	9	92	30
Sales	(212)	(4)	(35)	(14)
Issuances	0	0	0	0
Settlements	0	(1)	0	(25)
Net Transfers	(261)	(16)	(260)	267
Ending balance	246	530	246	530	448
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	(23)	65	0
Trading Assets | Corporate Equities
Assets
Beginning balance	572	486	433	272	272
Realized and Unrealized Gains (Losses)	(28)	10	(57)	57
Purchases	42	150	62	437
Sales	(36)	(80)	(324)	(199)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(214)	9	222	8
Ending balance	336	575	336	575	433
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(26)	4	(80)	67
Trading Assets | Net Derivative and Other Contracts
Assets
Beginning balance	(1,536)	(1,676)	(1,424)	(1,784)	(1,784)
Realized and Unrealized Gains (Losses)	549	662	609	296
Purchases	34	31	853	143
Sales	(2)	0	(2)	0
Issuances	(66)	(131)	(201)	(508)
Settlements	368	(365)	643	529
Net Transfers	1,138	220	7	65
Ending balance	485	(1,259)	485	(1,259)	(1,424)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	418	673	(201)	247
Trading Assets | Net Derivative and Other Contracts | Interest Rate Contracts
Assets
Beginning balance	(235)	(236)	260	(173)	(173)
Realized and Unrealized Gains (Losses)	(60)	(137)	257	(37)
Purchases	3	12	3	16
Sales	0	0	0	0
Issuances	(15)	(7)	(15)	(22)
Settlements	11	74	(59)	277
Net Transfers	337	383	(405)	28
Ending balance	41	89	41	89	260
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(45)	(66)	(156)	20
Trading Assets | Net Derivative and Other Contracts | Credit Contracts
Assets
Beginning balance	(1,114)	(989)	(844)	(743)	(743)
Realized and Unrealized Gains (Losses)	147	210	(255)	(69)
Purchases	0	0	1	6
Sales	0	0	0	0
Issuances	0	(74)	0	(94)
Settlements	2	86	155	86
Net Transfers	82	(38)	60	9
Ending balance	(883)	(805)	(883)	(805)	(844)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	147	219	(277)	(89)
Trading Assets | Net Derivative and Other Contracts | Foreign Exchange Contracts
Assets
Beginning balance	(1)	446	141	151	151
Realized and Unrealized Gains (Losses)	(27)	42	(104)	133
Purchases	0	3	0	4
Sales	0	0	0	0
Issuances	0	0	0	(1)
Settlements	(42)	(327)	(224)	(197)
Net Transfers	(37)	(98)	80	(24)
Ending balance	(107)	66	(107)	66	141
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(27)	45	(102)	133
Trading Assets | Net Derivative and Other Contracts | Equity Contracts
Assets
Beginning balance	(1,473)	(2,102)	(2,031)	(2,165)	(2,165)
Realized and Unrealized Gains (Losses)	220	309	334	(76)
Purchases	31	16	816	115
Sales	(2)	0	(2)	0
Issuances	(37)	(50)	(166)	(279)
Settlements	567	(187)	1,083	252
Net Transfers	834	(27)	106	112
Ending balance	140	(2,041)	140	(2,041)	(2,031)
Unrealized Gains (Losses) for Level 3 Assets Outstanding	239	296	172	(237)
Trading Assets | Net Derivative and Other Contracts | Commodity Contracts
Assets
Beginning balance	1,298	1,205	1,050	1,146	1,146
Realized and Unrealized Gains (Losses)	269	238	377	345
Purchases	0	0	33	2
Sales	0	0	0	0
Issuances	(14)	0	(20)	(112)
Settlements	(170)	(11)	(312)	111
Net Transfers	(89)	0	166	(60)
Ending balance	1,294	1,432	1,294	1,432	1,050
Unrealized Gains (Losses) for Level 3 Assets Outstanding	104	179	162	420
Trading Assets | Net Derivative and Other Contracts | Other Contracts
Assets
Beginning balance	(11)
Realized and Unrealized Gains (Losses)	0
Purchases	0
Sales	0
Issuances	0
Settlements	0
Net Transfers	11
Ending balance	0		0
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0
Trading Assets | Investments
Assets
Beginning balance	974	881	707	1,158	1,158
Realized and Unrealized Gains (Losses)	(41)	37	(60)	17
Purchases	2	9	374	22
Sales	(8)	(50)	(37)	(115)
Issuances	0	0	0	0
Settlements	(27)	0	(67)	(187)
Net Transfers	36	(24)	19	(42)
Ending balance	936	853	936	853	707
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(36)	37	(63)	0
Trading Assets | Investments | Principal Investments
Assets
Beginning balance	769	581	486	835	835
Realized and Unrealized Gains (Losses)	(29)	26	(57)	22
Purchases	2	8	374	20
Sales	(8)	(50)	(29)	(109)
Issuances	0	0	0	0
Settlements	(27)	0	(67)	(187)
Net Transfers	19	(24)	19	(40)
Ending balance	726	541	726	541	486
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(30)	26	(58)	0
Trading Assets | Investments | Other Investments
Assets
Beginning balance	205	300	221	323	323
Realized and Unrealized Gains (Losses)	(12)	11	(3)	(5)
Purchases	0	1	0	2
Sales	0	0	(8)	(6)
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	17	0	0	(2)
Ending balance	210	312	210	312	221
Unrealized Gains (Losses) for Level 3 Assets Outstanding	(6)	11	(5)	0
Trading Assets | Securities Received as Collateral
Assets
Beginning balance	0	3	1	0	0
Realized and Unrealized Gains (Losses)	0	0	0	0
Purchases	1	0	0	1
Sales	0	(2)	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	0	0	0
Ending balance	1	1	1	1	1
Unrealized Gains (Losses) for Level 3 Assets Outstanding	0	0	0	0
Trading Assets | Intangible Assets
Assets
Beginning balance		6	5	6	6
Realized and Unrealized Gains (Losses)		(1)	0	0
Purchases		0	0	0
Sales		0	0	0
Issuances		0	0	0
Settlements		0	0	(1)
Net Transfers		0	(5)	0
Ending balance	0	5	0	5	5
Unrealized Gains (Losses) for Level 3 Assets Outstanding		(1)	0	0
Trading Liabilities | Corporate and Other Debt
Liabilities
Beginning balance	9	19	4	121	121
Realized and Unrealized Gains (Losses)	1	(9)	3	(11)
Purchases	(3)	(10)	(8)	(26)
Sales	2	23	32	44
Issuances	0	0	0	0
Settlements	0	0	0	(39)
Net Transfers	7	0	(15)	(66)
Ending balance	16	23	16	23	4
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)	7	(3)	11
Trading Liabilities | Corporate and Other Debt | Corporate Bonds
Liabilities
Beginning balance	6	15	0	78	78
Realized and Unrealized Gains (Losses)	1	(9)	3	(6)
Purchases	(3)	(10)	(7)	(25)
Sales	2	23	32	37
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	7	0	(15)	(65)
Ending balance	13	19	13	19	0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(1)	7	(3)	6
Trading Liabilities | Corporate and Other Debt | Lending Commitments
Liabilities
Beginning balance				5	5
Realized and Unrealized Gains (Losses)				(5)
Purchases				0
Sales				0
Issuances				0
Settlements				0
Net Transfers				0
Ending balance		0		0
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding				5
Trading Liabilities | Corporate and Other Debt | Other Debt
Liabilities
Beginning balance	3	4	4	38	38
Realized and Unrealized Gains (Losses)	0	0	0	0
Purchases	0	0	(1)	(1)
Sales	0	0	0	7
Issuances	0	0	0	0
Settlements	0	0	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	0	0
Trading Liabilities | Corporate Equities
Liabilities
Beginning balance	26	112	17	45	45
Realized and Unrealized Gains (Losses)	(2)	(72)	(4)	(90)
Purchases	(2)	(50)	(37)	(88)
Sales	2	99	14	128
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	(5)	8	29	102
Ending balance	19	97	19	97	17
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	73	32	90
Trading Liabilities | Deposits
Liabilities
Beginning balance	30		19
Realized and Unrealized Gains (Losses)	(1)		1
Purchases	0		0
Sales	0		0
Issuances	5		15
Settlements	0		0
Net Transfers	(3)		(4)
Ending balance	31		31		19
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	1		(1)
Trading Liabilities | Short-term Borrowings
Liabilities
Beginning balance	0	0	1	0	0
Realized and Unrealized Gains (Losses)	0	2	0	2
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	4	0	60
Settlements	0	0	(1)	0
Net Transfers	2	63	2	7
Ending balance	2	69	2	69	1
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	(2)	0	(2)
Trading Liabilities | Obligation to Return Securities Received as Collateral
Liabilities
Beginning balance	0	3	1	0	0
Realized and Unrealized Gains (Losses)	0	0	0	0
Purchases	0	(2)	0	0
Sales	1	0	0	1
Issuances	0	0	0	0
Settlements	0	0	0	0
Net Transfers	0	0	0	0
Ending balance	1	1	1	1	1
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	0	0	0	0
Trading Liabilities | Securities Sold under Agreements to Repurchase
Liabilities
Beginning balance	150	154	151	153	153
Realized and Unrealized Gains (Losses)	(1)	0	(2)	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	149	154	149	154	151
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	2	0	3	0
Trading Liabilities | Other Secured Financings
Liabilities
Beginning balance	441	168	461	149	149
Realized and Unrealized Gains (Losses)	11	(2)	42	5
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	187	69	223
Settlements	(2)	(12)	(44)	(36)
Net Transfers	0	0	(78)	0
Ending balance	450	341	450	341	461
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	(11)	2	(42)	4
Trading Liabilities | Long-term Borrowings
Liabilities
Beginning balance	1,929	2,221	1,987	1,934	1,934
Realized and Unrealized Gains (Losses)	88	(61)	103	(159)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	193	237	366	853
Settlements	(147)	(81)	(262)	(213)
Net Transfers	(21)	146	(152)	47
Ending balance	2,042	2,462	2,042	2,462	$ 1,987
Unrealized Gains (Losses) for Level 3 Liabilities Outstanding	$ (87)	$ 64	$ (91)	$ 157

Fair Values (Valuation Techniqu

Fair Values (Valuation Techniques and Sensitivity of Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements) (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)$ / MWh	Dec. 31, 2015USD ($)$ / MWh
Other Debt | Option Model | Minimum
Fair Value Inputs
At the money volatility		16.00%
Other Debt | Option Model | Maximum
Fair Value Inputs
At the money volatility		53.00%
Other Debt | Option Model | Weighted Average
Fair Value Inputs
At the money volatility		53.00%
Interest Rate Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 41
Credit Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	(883)
Foreign Exchange Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	(107)
Equity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 140
Equity Contracts | Option Model | Minimum
Fair Value Inputs
At the money volatility		16.00%
Equity - Foreign exchange correlation	(70.00%)
Equity Contracts | Option Model | Maximum
Fair Value Inputs
At the money volatility		65.00%
Equity - Foreign exchange correlation	40.00%
Equity Contracts | Option Model | Weighted Average
Fair Value Inputs
At the money volatility		32.00%
Equity - Foreign exchange correlation	(24.00%)
Commodity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 1,294
Commodity Contracts | Option Model | Minimum
Fair Value Inputs
Cross commodity correlation	43.00%
Commodity Contracts | Option Model | Maximum
Fair Value Inputs
Cross commodity correlation	99.00%
Commodity Contracts | Option Model | Weighted Average
Fair Value Inputs
Cross commodity correlation	93.00%
Principal Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 726
Other Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	210
Securities Sold under Agreements to Repurchase
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	149
Other Secured Financings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	450
Long-term Borrowings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities	2,042
Recurring | Level 3 | Residential Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 188	$ 341
Recurring | Level 3 | Residential Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable bond price	0.00%	0.00%
Recurring | Level 3 | Residential Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable bond price	9.00%	75.00%
Recurring | Level 3 | Residential Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price	6.00%	32.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 64	$ 72
Recurring | Level 3 | Commercial Mortgage-backed Securities | Minimum
Fair Value Inputs
Comparable bond price	0.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities | Maximum
Fair Value Inputs
Comparable bond price	11.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities | Weighted Average
Fair Value Inputs
Comparable bond price	2.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable bond price		0.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable bond price		9.00%
Recurring | Level 3 | Commercial Mortgage-backed Securities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price		2.00%
Recurring | Level 3 | Corporate Bonds
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 199	$ 267
Recurring | Level 3 | Corporate Bonds | Comparable Pricing | Minimum
Fair Value Inputs
Comparable bond price	11.00%	3.00%
EBITDA multiple		7
Recurring | Level 3 | Corporate Bonds | Comparable Pricing | Maximum
Fair Value Inputs
Comparable bond price	127.00%	119.00%
EBITDA multiple		9
Recurring | Level 3 | Corporate Bonds | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price	75.00%	90.00%
EBITDA multiple		8
Recurring | Level 3 | Corporate Bonds | Option Model | Minimum
Fair Value Inputs
At the money volatility	6.00%
Recurring | Level 3 | Corporate Bonds | Option Model | Maximum
Fair Value Inputs
At the money volatility	33.00%
Recurring | Level 3 | Corporate Bonds | Option Model | Weighted Average
Fair Value Inputs
At the money volatility	25.00%
Recurring | Level 3 | Corporate Bonds | Structured bond model
Fair Value Inputs
Discount rate		15.00%
Recurring | Level 3 | Corporate Bonds | Structured bond model | Weighted Average
Fair Value Inputs
Discount rate		15.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 85	$ 430
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Comparable Pricing | Minimum
Fair Value Inputs
Comparable bond price	0.00%	47.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Comparable Pricing | Maximum
Fair Value Inputs
Comparable bond price	80.00%	103.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price	44.00%	67.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Correlation Model | Minimum
Fair Value Inputs
Credit correlation	23.00%	39.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Correlation Model | Maximum
Fair Value Inputs
Credit correlation	65.00%	60.00%
Recurring | Level 3 | Collateralized Debt and Loan Obligations | Correlation Model | Weighted Average
Fair Value Inputs
Credit correlation	52.00%	49.00%
Recurring | Level 3 | Loans and Lending Commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 4,155	$ 5,936
Recurring | Level 3 | Loans and Lending Commitments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable loan price	41.00%	35.00%
Recurring | Level 3 | Loans and Lending Commitments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable loan price	100.00%	100.00%
Recurring | Level 3 | Loans and Lending Commitments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable loan price	85.00%	88.00%
Recurring | Level 3 | Loans and Lending Commitments | Discounted Cash Flow
Fair Value Inputs
Implied weighted average cost of capital	5.00%
Recurring | Level 3 | Loans and Lending Commitments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied weighted average cost of capital		6.00%
Capitalization rate	4.00%	4.00%
Recurring | Level 3 | Loans and Lending Commitments | Discounted Cash Flow | Maximum
Fair Value Inputs
Implied weighted average cost of capital		8.00%
Capitalization rate	10.00%	10.00%
Recurring | Level 3 | Loans and Lending Commitments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied weighted average cost of capital	5.00%	7.00%
Capitalization rate	4.00%	4.00%
Recurring | Level 3 | Loans and Lending Commitments | Corporate Loan Model | Minimum
Fair Value Inputs
Credit spread	4.71%	2.50%
Recurring | Level 3 | Loans and Lending Commitments | Corporate Loan Model | Maximum
Fair Value Inputs
Credit spread	8.15%	8.66%
Recurring | Level 3 | Loans and Lending Commitments | Corporate Loan Model | Weighted Average
Fair Value Inputs
Credit spread	6.33%	5.31%
Recurring | Level 3 | Loans and Lending Commitments | Margin Loan Model | Minimum
Fair Value Inputs
Discount rate	1.00%	1.00%
Credit spread		0.62%
Volatility skew	20.00%	14.00%
Recurring | Level 3 | Loans and Lending Commitments | Margin Loan Model | Maximum
Fair Value Inputs
Discount rate	9.00%	4.00%
Credit spread		4.99%
Volatility skew	83.00%	70.00%
Recurring | Level 3 | Loans and Lending Commitments | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount rate	2.00%	2.00%
Credit spread		1.45%
Volatility skew	36.00%	33.00%
Recurring | Level 3 | Loans and Lending Commitments | Option Model
Fair Value Inputs
Volatility skew	(1.00%)	(1.00%)
Recurring | Level 3 | Loans and Lending Commitments | Option Model | Weighted Average
Fair Value Inputs
Volatility skew	(1.00%)	(1.00%)
Recurring | Level 3 | Loans and Lending Commitments | Expected recovery | Minimum
Fair Value Inputs
Asset coverage	47.00%
Recurring | Level 3 | Loans and Lending Commitments | Expected recovery | Maximum
Fair Value Inputs
Asset coverage	99.00%
Recurring | Level 3 | Loans and Lending Commitments | Expected recovery | Weighted Average
Fair Value Inputs
Asset coverage	85.00%
Recurring | Level 3 | Other Debt
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 246	$ 448
Recurring | Level 3 | Other Debt | Comparable Pricing
Fair Value Inputs
Comparable bond price	7.00%	8.00%
Recurring | Level 3 | Other Debt | Comparable Pricing | Minimum
Fair Value Inputs
Comparable loan price	3.00%	4.00%
Recurring | Level 3 | Other Debt | Comparable Pricing | Maximum
Fair Value Inputs
Comparable loan price	87.00%	84.00%
Recurring | Level 3 | Other Debt | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price	7.00%	8.00%
Comparable loan price	69.00%	59.00%
Recurring | Level 3 | Other Debt | Discounted Cash Flow | Minimum
Fair Value Inputs
Discount rate	6.00%
Recurring | Level 3 | Other Debt | Discounted Cash Flow | Maximum
Fair Value Inputs
Discount rate	12.00%
Recurring | Level 3 | Other Debt | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount rate	11.00%
Recurring | Level 3 | Other Debt | Margin Loan Model
Fair Value Inputs
Discount rate		1.00%
Recurring | Level 3 | Other Debt | Margin Loan Model | Weighted Average
Fair Value Inputs
Discount rate		1.00%
Recurring | Level 3 | Other Debt | Option Model | Minimum
Fair Value Inputs
At the money volatility	16.00%
Volatility skew	(1.00%)
Recurring | Level 3 | Other Debt | Option Model | Maximum
Fair Value Inputs
At the money volatility	53.00%
Volatility skew	0.00%
Recurring | Level 3 | Other Debt | Option Model | Weighted Average
Fair Value Inputs
At the money volatility	42.00%
Volatility skew	0.00%
Recurring | Level 3 | Corporate Equities
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets	$ 336	$ 433
Recurring | Level 3 | Corporate Equities | Comparable Pricing
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Corporate Equities | Comparable Pricing | Minimum
Fair Value Inputs
Comparable price		50.00%
Recurring | Level 3 | Corporate Equities | Comparable Pricing | Maximum
Fair Value Inputs
Comparable price		80.00%
Recurring | Level 3 | Corporate Equities | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable price		72.00%
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Corporate Equities | Market Approach
Fair Value Inputs
EBITDA multiple		9
Recurring | Level 3 | Corporate Equities | Market Approach | Weighted Average
Fair Value Inputs
EBITDA multiple		9
Recurring | Level 3 | Interest Rate Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 260
Recurring | Level 3 | Interest Rate Contracts | Option Model
Fair Value Inputs
Interest rate curve	1.00%
Inflation volatility		58.00%
Recurring | Level 3 | Interest Rate Contracts | Option Model | Minimum
Fair Value Inputs
Interest rate volatility concentration liquidity multiple		0
Interest rate volatility skew	31.00%	29.00%
Interest rate quanto correlation	(10.00%)	(8.00%)
Interest rate - Foreign exchange correlation	28.00%	25.00%
Interest rate - Inflation correlation		(41.00%)
Inflation volatility	23.00%
Interest rate curve correlation	19.00%	24.00%
Recurring | Level 3 | Interest Rate Contracts | Option Model | Maximum
Fair Value Inputs
Interest rate volatility concentration liquidity multiple		3
Interest rate volatility skew	114.00%	82.00%
Interest rate quanto correlation	39.00%	36.00%
Interest rate - Foreign exchange correlation	58.00%	62.00%
Interest rate - Inflation correlation		(39.00%)
Inflation volatility	51.00%
Interest rate curve correlation	95.00%	95.00%
Recurring | Level 3 | Interest Rate Contracts | Option Model | Weighted Average
Fair Value Inputs
Interest rate volatility concentration liquidity multiple		2
Recurring | Level 3 | Interest Rate Contracts | Option Model | Simple Average
Fair Value Inputs
Interest rate volatility skew	73.00%	43.00%
Interest rate curve	1.00%
Interest rate quanto correlation	5.00%	5.00%
Interest rate - Foreign exchange correlation	44.00%	43.00%
Interest rate - Inflation correlation		(41.00%)
Inflation volatility	38.00%	58.00%
Interest rate curve correlation	72.00%	60.00%
Recurring | Level 3 | Interest Rate Contracts | Option Model | Median
Fair Value Inputs
Interest rate volatility skew	67.00%	40.00%
Interest rate curve	1.00%
Interest rate quanto correlation	(4.00%)	(6.00%)
Interest rate - Foreign exchange correlation	43.00%	43.00%
Interest rate - Inflation correlation		(41.00%)
Inflation volatility	37.00%	58.00%
Interest rate curve correlation	78.00%	69.00%
Recurring | Level 3 | Credit Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ (844)
Recurring | Level 3 | Credit Contracts | Comparable Pricing | Minimum
Fair Value Inputs
Comparable bond price	0.00%	0.00%
Cash synthetic basis	5.00%	5.00%
Recurring | Level 3 | Credit Contracts | Comparable Pricing | Maximum
Fair Value Inputs
Comparable bond price	75.00%	75.00%
Cash synthetic basis	12.00%	12.00%
Recurring | Level 3 | Credit Contracts | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable bond price	24.00%	24.00%
Cash synthetic basis	11.00%	9.00%
Recurring | Level 3 | Credit Contracts | Correlation Model | Minimum
Fair Value Inputs
Credit correlation	24.00%	39.00%
Recurring | Level 3 | Credit Contracts | Correlation Model | Maximum
Fair Value Inputs
Credit correlation	83.00%	97.00%
Recurring | Level 3 | Credit Contracts | Correlation Model | Weighted Average
Fair Value Inputs
Credit correlation	46.00%	57.00%
Recurring | Level 3 | Foreign Exchange Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 141
Recurring | Level 3 | Foreign Exchange Contracts | Option Model
Fair Value Inputs
Interest rate curve	0.00%	0.00%
Recurring | Level 3 | Foreign Exchange Contracts | Option Model | Minimum
Fair Value Inputs
Interest rate volatility skew	31.00%	29.00%
Interest rate quanto correlation	(10.00%)
Interest rate - Foreign exchange correlation	28.00%	25.00%
Recurring | Level 3 | Foreign Exchange Contracts | Option Model | Maximum
Fair Value Inputs
Interest rate volatility skew	114.00%	82.00%
Interest rate quanto correlation	39.00%
Interest rate - Foreign exchange correlation	58.00%	62.00%
Recurring | Level 3 | Foreign Exchange Contracts | Option Model | Simple Average
Fair Value Inputs
Interest rate volatility skew	73.00%	43.00%
Interest rate curve	0.00%	0.00%
Interest rate quanto correlation	5.00%
Interest rate - Foreign exchange correlation	44.00%	43.00%
Recurring | Level 3 | Foreign Exchange Contracts | Option Model | Median
Fair Value Inputs
Interest rate volatility skew	67.00%	40.00%
Interest rate curve	0.00%	0.00%
Interest rate quanto correlation	(4.00%)
Interest rate - Foreign exchange correlation	43.00%	43.00%
Recurring | Level 3 | Equity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ (2,031)
Recurring | Level 3 | Equity Contracts | Option Model | Minimum
Fair Value Inputs
At the money volatility	6.00%
Volatility skew	(4.00%)	(3.00%)
Equity - Equity correlation	40.00%	40.00%
Equity - Foreign exchange correlation		(60.00%)
Equity - Interest rate correlation	(7.00%)	(29.00%)
Recurring | Level 3 | Equity Contracts | Option Model | Maximum
Fair Value Inputs
At the money volatility	64.00%
Volatility skew	0.00%	0.00%
Equity - Equity correlation	96.00%	99.00%
Equity - Foreign exchange correlation		(11.00%)
Equity - Interest rate correlation	52.00%	50.00%
Recurring | Level 3 | Equity Contracts | Option Model | Weighted Average
Fair Value Inputs
At the money volatility	34.00%
Volatility skew	(1.00%)	(1.00%)
Equity - Equity correlation	71.00%	71.00%
Equity - Foreign exchange correlation		(39.00%)
Recurring | Level 3 | Equity Contracts | Option Model | Simple Average
Fair Value Inputs
Equity - Interest rate correlation	15.00%	16.00%
Recurring | Level 3 | Equity Contracts | Option Model | Median
Fair Value Inputs
Equity - Interest rate correlation	7.00%	8.00%
Recurring | Level 3 | Commodity Contracts
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 1,050
Recurring | Level 3 | Commodity Contracts | Option Model | Minimum
Fair Value Inputs
Forward power price (per megawatt hour) | $ / MWh	9	3
Commodity volatility	6.00%	10.00%
Cross commodity correlation		43.00%
Recurring | Level 3 | Commodity Contracts | Option Model | Maximum
Fair Value Inputs
Forward power price (per megawatt hour) | $ / MWh	95	91
Commodity volatility	57.00%	92.00%
Cross commodity correlation		99.00%
Recurring | Level 3 | Commodity Contracts | Option Model | Weighted Average
Fair Value Inputs
Forward power price (per megawatt hour) | $ / MWh	32	32
Commodity volatility	18.00%	18.00%
Cross commodity correlation		93.00%
Recurring | Level 3 | Principal Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 486
Recurring | Level 3 | Principal Investments | Comparable Pricing | Minimum
Fair Value Inputs
Comparable equity price	75.00%	43.00%
Recurring | Level 3 | Principal Investments | Comparable Pricing | Maximum
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Principal Investments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable equity price	84.00%	81.00%
Recurring | Level 3 | Principal Investments | Discounted Cash Flow
Fair Value Inputs
Implied weighted average cost of capital		16.00%
Recurring | Level 3 | Principal Investments | Discounted Cash Flow | Minimum
Fair Value Inputs
Implied weighted average cost of capital	15.00%
Exit multiple	7	8
Capitalization rate		5.00%
Equity discount rate		20.00%
Recurring | Level 3 | Principal Investments | Discounted Cash Flow | Maximum
Fair Value Inputs
Implied weighted average cost of capital	18.00%
Exit multiple	21	14
Capitalization rate		9.00%
Equity discount rate		35.00%
Recurring | Level 3 | Principal Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied weighted average cost of capital	17.00%	16.00%
Exit multiple	6	9
Capitalization rate		6.00%
Equity discount rate		26.00%
Recurring | Level 3 | Principal Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA multiple	6	8
Forward capacity price | $ / MWh	4	5
Recurring | Level 3 | Principal Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA multiple	25	20
Forward capacity price | $ / MWh	9	9
Recurring | Level 3 | Principal Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA multiple	12	11
Forward capacity price | $ / MWh	7	7
Recurring | Level 3 | Other Investments
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Assets		$ 221
Recurring | Level 3 | Other Investments | Comparable Pricing
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Other Investments | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Other Investments | Discounted Cash Flow
Fair Value Inputs
Implied weighted average cost of capital	9.00%	10.00%
Exit multiple	12	13
Recurring | Level 3 | Other Investments | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Implied weighted average cost of capital	9.00%	10.00%
Exit multiple	12	13
Recurring | Level 3 | Other Investments | Market Approach | Minimum
Fair Value Inputs
EBITDA multiple	6	7
Recurring | Level 3 | Other Investments | Market Approach | Maximum
Fair Value Inputs
EBITDA multiple	13	14
Recurring | Level 3 | Other Investments | Market Approach | Weighted Average
Fair Value Inputs
EBITDA multiple	11	12
Recurring | Level 3 | Securities Sold under Agreements to Repurchase
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities		$ 151
Recurring | Level 3 | Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Minimum
Fair Value Inputs
Funding spread	1.18%	0.86%
Recurring | Level 3 | Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Maximum
Fair Value Inputs
Funding spread	1.22%	1.16%
Recurring | Level 3 | Securities Sold under Agreements to Repurchase | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Funding spread	1.19%	1.05%
Recurring | Level 3 | Other Secured Financings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities		$ 461
Recurring | Level 3 | Other Secured Financings | Discounted Cash Flow
Fair Value Inputs
Discount rate	4.00%
Recurring | Level 3 | Other Secured Financings | Discounted Cash Flow | Minimum
Fair Value Inputs
Discount rate		4.00%
Funding spread	0.81%	0.95%
Recurring | Level 3 | Other Secured Financings | Discounted Cash Flow | Maximum
Fair Value Inputs
Discount rate		13.00%
Funding spread	1.10%	1.13%
Recurring | Level 3 | Other Secured Financings | Discounted Cash Flow | Weighted Average
Fair Value Inputs
Discount rate	4.00%	4.00%
Funding spread	0.96%	1.04%
Recurring | Level 3 | Other Secured Financings | Option Model
Fair Value Inputs
Volatility skew	(1.00%)	(1.00%)
Recurring | Level 3 | Other Secured Financings | Option Model | Weighted Average
Fair Value Inputs
Volatility skew	(1.00%)	(1.00%)
Recurring | Level 3 | Long-term Borrowings
Fair Value Inputs, Assets and Liabilities, Quantitative Information
Liabilities		$ 1,987
Recurring | Level 3 | Long-term Borrowings | Comparable Pricing
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Long-term Borrowings | Comparable Pricing | Weighted Average
Fair Value Inputs
Comparable equity price	100.00%	100.00%
Recurring | Level 3 | Long-term Borrowings | Correlation Model | Minimum
Fair Value Inputs
Credit correlation		40.00%
Recurring | Level 3 | Long-term Borrowings | Correlation Model | Maximum
Fair Value Inputs
Credit correlation		60.00%
Recurring | Level 3 | Long-term Borrowings | Correlation Model | Weighted Average
Fair Value Inputs
Credit correlation		52.00%
Recurring | Level 3 | Long-term Borrowings | Option Model
Fair Value Inputs
Interest rate volatility skew	25.00%	50.00%
Interest rate - Foreign exchange correlation	54.00%
Equity volatility discount		10.00%
Recurring | Level 3 | Long-term Borrowings | Option Model | Minimum
Fair Value Inputs
At the money volatility	6.00%	20.00%
Volatility skew	(2.00%)	(1.00%)
Equity - Equity correlation	41.00%	40.00%
Equity - Foreign exchange correlation	(70.00%)	(70.00%)
Equity volatility discount	7.00%
Recurring | Level 3 | Long-term Borrowings | Option Model | Maximum
Fair Value Inputs
At the money volatility	40.00%	50.00%
Volatility skew	0.00%	0.00%
Equity - Equity correlation	98.00%	97.00%
Equity - Foreign exchange correlation	9.00%	(11.00%)
Equity volatility discount	12.00%
Recurring | Level 3 | Long-term Borrowings | Option Model | Weighted Average
Fair Value Inputs
At the money volatility	33.00%	29.00%
Interest rate volatility skew		50.00%
Volatility skew	(1.00%)	(1.00%)
Equity - Equity correlation	85.00%	77.00%
Equity - Foreign exchange correlation	(37.00%)	(39.00%)
Equity volatility discount		10.00%
Recurring | Level 3 | Long-term Borrowings | Option Model | Simple Average
Fair Value Inputs
Interest rate volatility skew	25.00%
Interest rate - Foreign exchange correlation	54.00%
Equity volatility discount	10.00%
Recurring | Level 3 | Long-term Borrowings | Option Model | Median
Fair Value Inputs
Interest rate volatility skew	25.00%
Interest rate - Foreign exchange correlation	54.00%
Equity volatility discount	10.00%

Fair Values (Fair Value of Inve

Fair Values (Fair Value of Investments Measured at Net Asset Value) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair Value	$ 3,145	$ 3,843
Commitment	493	670
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,650	1,917
Commitment	384	538
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	1,218	1,337
Commitment	105	128
Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair Value	277	589
Commitment	$ 4	$ 4

Fair Values (Investments in Cer

Fair Values (Investments in Certain Funds Measured at NAV per Share and Hedge Funds Fair Value by Redemption Frequency) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value of Investments that Calculate Net Asset Value
Fair value, investments	$ 3,145	$ 3,843
Private Equity Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of non-redeemable funds that will be distributed in (less than 5 years)	124
Fair value of non-redeemable funds that will be distributed in (5-10 years)	890
Fair value of non-redeemable funds that will be distributed in (over 10 years)	636
Fair value, investments	1,650	1,917
Real Estate Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value of non-redeemable funds that will be distributed in (less than 5 years)	91
Fair value of non-redeemable funds that will be distributed in (5-10 years)	678
Fair value of non-redeemable funds that will be distributed in (over 10 years)	449
Fair value, investments	1,218	1,337
Hedge Funds
Fair Value of Investments that Calculate Net Asset Value
Fair value, investments	$ 277	$ 589
Percent of investments that cannot be redeemed currently	28.00%
Remaining redemption restriction period	3 years
Redemption notice period	6 months
Quarterly	55.00%
Every six months	27.00%
Greater than six months	11.00%
Subject to lock-up provisions	7.00%

Fair Values (Fair Value Option)

Fair Values (Fair Value Option) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value Option Quantitative Disclosures
Unrealized DVA gains (losses) recognized in OCI	$ (143)		$ 405
Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	1	$ 1	4	$ 3
Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	0	(2)	0
Short-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(39)	(85)	(3)	(127)
Securities Sold under Agreements to Repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	3	(2)	(14)	(1)
Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1,184)	1,008	(3,707)	1,827
Trading | Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1)	(1)	(2)	(4)
Trading | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	0	(1)	0
Trading | Short-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(39)	(85)	(3)	(127)
Trading | Securities Sold under Agreements to Repurchase
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	7	0	(5)	4
Trading | Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	(1,068)	1,137	(3,322)	2,226
Interest Income (Expense) | Securities Purchased under Agreements to Resell
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	2	2	6	7
Interest Income (Expense) | Deposits
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	0	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	(4)	(2)	(9)	(5)
Interest Income (Expense) | Long-term Borrowings
Fair Value Option Quantitative Disclosures
Gains (losses) due to changes in fair value	$ (116)	$ (129)	$ (385)	$ (399)

Fair Values (Gains (Losses) Due

Fair Values (Gains (Losses) Due to Changes in Instrument Specific Credit Risk) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value disclosure
Pre-tax amount recognized in AOCI			$ (56)
Short-term and Long-term Borrowings | Trading Revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ (5)	$ 435	36	$ 742
Short-term and Long-term Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	(140)	0	405	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	(3)	0	0	0
Loans and Other Debt | Trading Revenues
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	26	(32)	(88)	39
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	0	5	3	13
Lending Commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument specific credit risk	$ 0	$ 0	$ 0	$ 0

Fair Values (Contractual Princi

Fair Values (Contractual Principal Amount in Excess of Fair Value) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures
Loans and other debt	$ 15,408	$ 14,095
Loans 90 or more days past due and/or on non-accrual status	13,409	11,651
Short-term and long-term debt borrowings	$ 202	$ 508

Fair Values (Short-term and Lon

Fair Values (Short-term and Long-term Borrowings Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 39,155	$ 34,693
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	20,692	17,789
Interest Rates
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	16,519	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	1,659	2,266
Commodities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term and long-term borrowing, fair value	$ 285	$ 383

Fair Values (Fair Value of Loan

Fair Values (Fair Value of Loans in Nonaccrual Status) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures
Aggregate fair value of loans in non-accrual status including all loans 90 or more days past due	$ 1,530	$ 1,853
Amounts past due 90 days or greater (unpaid principal balance)	$ 710	$ 885

Fair Values (Assets and Liabi56

Fair Values (Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Assets
Loans	$ 80,400		$ 80,400		$ 72,559
Intangible assets	2,747		2,747		2,984
Other assets	49,123		49,123		51,087
Liabilities
Other liabilities and accrued expenses	15,176		15,176		18,711
Liabilities	735,429		735,429		711,281
Fair Value
Other assets - Other investments	79,061		79,061		$ 71,947
Solar Investments
Additional Disclosures
Loss on sale of equity method investments			35
Nonrecurring
Assets
Loans	6,303	$ 5,089	6,303	$ 5,089
Other assets - Other investments	86	0	86	0
Other assets - Premises, equipment and software costs	22	0	22	0
Total carrying value	6,411	5,089	6,411	5,089
Liabilities
Other liabilities and accrued expenses	302	427	302	427
Liabilities	302	427	302	427
Nonrecurring | Loans
Fair Value
Gains (losses) in fair value adjustment	111	12	41	(201)
Nonrecurring | Other Investments
Fair Value
Gains (losses) in fair value adjustment	(3)	0	(44)	(2)
Nonrecurring | Premises, Equipment and Software Costs
Fair Value
Gains (losses) in fair value adjustment	(29)	(2)	(56)	(24)
Nonrecurring | Intangible Assets
Fair Value
Gains (losses) in fair value adjustment	(2)		(2)
Nonrecurring | Assets Total
Fair Value
Gains (losses) in fair value adjustment	77	10	(61)	(227)
Nonrecurring | Other Liabilities and Accrued Expenses
Fair Value
Gains (losses) in fair value adjustment	52	144	98	171
Nonrecurring | Liabilities Total
Fair Value
Gains (losses) in fair value adjustment	52	144	98	171
Nonrecurring | Premises, Equipment and Software Costs and Intangible Assets
Fair Value
Gains (losses) in fair value adjustment	25
Nonrecurring | Level 2
Fair Value
Loans	3,296	3,060	3,296	3,060
Other assets - Other investments	0	0	0	0
Other assets - Premises, equipment and software costs	22	0	22	0
Total assets	3,318	3,060	3,318	3,060
Other Liabilities and accrued expenses	236	365	236	365
Total liabilities	236	365	236	365
Nonrecurring | Level 3
Fair Value
Loans	3,007	2,029	3,007	2,029
Other assets - Other investments	86	0	86	0
Other assets - Premises, equipment and software costs	0	0	0	0
Total assets	3,093	2,029	3,093	2,029
Other Liabilities and accrued expenses	66	62	66	62
Total liabilities	$ 66	$ 62	$ 66	$ 62

Fair Values (Financial Instrume

Fair Values (Financial Instruments Not Measured at FV) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Financial Assets:
Cash and due from banks	$ 26,899	$ 19,827	$ 19,244
Interest bearing deposits with banks	15,653	34,256	$ 34,274
Securities purchased under agreements to resell	90,579	87,657
Securities borrowed	126,280	142,416
Customer and other receivables	51,411	45,407
Loans	80,400	72,559
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	30,784	31,469
Financial Liabilities
Deposits	151,843	156,034
Short-term borrowings	914	2,173
Securities sold under agreement to repurchase	46,936	36,692
Securities loaned	16,515	19,358
Other secured financings	9,812	9,464
Customer and other payables	194,007	186,626
Long-term borrowings	163,927	153,768
Additional Disclosures
Lending commitment notional amount	92,100	99,500
lending commitment fair value liability	1,410	2,172
Carrying Value
Financial Assets:
Cash and due from banks	26,899	19,827
Interest bearing deposits with banks	15,653	34,256
Investment securities - HTM securities	13,224	5,224
Securities purchased under agreements to resell	90,025	86,851
Securities borrowed	126,280	142,416
Customer and other receivables	47,203	41,676
Loans	92,508	85,759
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	30,784	31,469
Financial Liabilities
Deposits	151,783	155,909
Short-term borrowings	506	525
Securities sold under agreement to repurchase	46,191	36,009
Securities loaned	16,515	19,358
Other secured financings	6,066	6,610
Customer and other payables	190,743	183,895
Long-term borrowings	125,180	120,723
Fair Value
Financial Assets:
Cash and due from banks	26,899	19,827
Interest bearing deposits with banks	15,653	34,256
Investment securities - HTM securities	13,329	5,188
Securities purchased under agreements to resell	90,030	86,837
Securities borrowed	126,282	142,414
Customer and other receivables	47,108	41,576
Loans	93,806	86,423
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	30,784	31,469
Financial Liabilities
Deposits	151,903	156,163
Short-term borrowings	506	525
Securities sold under agreement to repurchase	46,251	36,060
Securities loaned	16,525	19,382
Other secured financings	6,071	6,610
Customer and other payables	190,743	183,895
Long-term borrowings	127,326	123,219
Fair Value | Level 1
Financial Assets:
Cash and due from banks	26,899	19,827
Interest bearing deposits with banks	15,653	34,256
Investment securities - HTM securities	4,544	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	30,784	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	8,785	4,190
Securities purchased under agreements to resell	87,033	86,186
Securities borrowed	126,147	142,266
Customer and other receivables	42,382	36,752
Loans	19,969	19,241
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	0	0
Financial Liabilities
Deposits	151,903	156,163
Short-term borrowings	506	525
Securities sold under agreement to repurchase	43,243	34,150
Securities loaned	16,525	19,192
Other secured financings	4,665	5,333
Customer and other payables	190,743	183,895
Long-term borrowings	127,268	123,219
Additional Disclosures
lending commitment fair value liability	1,073	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	2,997	651
Securities borrowed	135	148
Customer and other receivables	4,726	4,824
Loans	73,837	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	3,008	1,910
Securities loaned	0	190
Other secured financings	1,406	1,277
Customer and other payables	0	0
Long-term borrowings	58	0
Additional Disclosures
lending commitment fair value liability	$ 337	$ 381

Derivative Instruments and He58

Derivative Instruments and Hedging Activities (Fair Value, Notional and Offsetting of Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivative Assets
Total derivatives	$ 541,852	$ 471,578
Cash collateral netting	(55,040)	(51,372)
Counterparty netting	(453,727)	(391,593)
Net amounts presented in the Consolidated Statements of Financial Condition	33,085	28,613
Amounts not offset against financial instruments collateral	(10,464)	(9,190)
Amounts not offset against other cash collateral	(174)	(9)
Net exposure	22,447	19,414
Derivative assets, 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 enforceable	4,200	4,200
Derivative Liabilities
Total derivatives	527,790	457,350
Counterparty netting	(453,727)	(391,593)
Cash collateral netting	(41,542)	(36,283)
Net amounts presented in the Consolidated Statements of Financial Condition	32,521	29,474
Amounts not offset against financial instruments collateral	(12,571)	(5,789)
Amounts not offset against other cash collateral	(16)	(5)
Net exposure	19,934	23,680
Derivative liabilities, 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 enforceable	5,000	5,200
Derivatives, Notional Amount
Derivative assets	14,926,213	14,749,210
Derivative liabilities	13,514,138	14,074,223
Bilateral OTC
Derivative Assets
Total derivatives	367,226	340,573
Cash collateral netting	(52,879)	(50,335)
Counterparty netting	(285,971)	(265,707)
Net amounts presented in the Consolidated Statements of Financial Condition	28,376	24,531
Amounts not offset against financial instruments collateral	(10,464)	(9,190)
Amounts not offset against other cash collateral	(174)	(9)
Net exposure	17,738	15,332
Derivative Liabilities
Total derivatives	353,454	324,671
Counterparty netting	(285,971)	(265,707)
Cash collateral netting	(38,445)	(33,332)
Net amounts presented in the Consolidated Statements of Financial Condition	29,038	25,632
Amounts not offset against financial instruments collateral	(11,922)	(5,384)
Amounts not offset against other cash collateral	(13)	(5)
Net exposure	17,103	20,243
Derivatives, Notional Amount
Derivative assets	6,302,129	7,273,921
Derivative liabilities	6,368,817	6,864,262
Cleared OTC
Derivative Assets
Total derivatives	150,553	106,623
Cash collateral netting	(2,161)	(1,037)
Counterparty netting	(146,721)	(104,294)
Net amounts presented in the Consolidated Statements of Financial Condition	1,671	1,292
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	1,671	1,292
Derivative Liabilities
Total derivatives	149,812	108,063
Counterparty netting	(146,721)	(104,294)
Cash collateral netting	(3,097)	(2,951)
Net amounts presented in the Consolidated Statements of Financial Condition	(6)	818
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	(3)	0
Net exposure	(9)	818
Derivatives, Notional Amount
Derivative assets	6,171,402	5,936,757
Derivative liabilities	5,893,964	5,837,356
Exchange Traded
Derivative Assets
Total derivatives	24,073	24,382
Cash collateral netting	0	0
Counterparty netting	(21,035)	(21,592)
Net amounts presented in the Consolidated Statements of Financial Condition	3,038	2,790
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net exposure	3,038	2,790
Derivative Liabilities
Total derivatives	24,524	24,616
Counterparty netting	(21,035)	(21,592)
Cash collateral netting	0	0
Net amounts presented in the Consolidated Statements of Financial Condition	3,489	3,024
Amounts not offset against financial instruments collateral	(649)	(405)
Amounts not offset against other cash collateral	0	0
Net exposure	2,840	2,619
Derivatives, Notional Amount
Derivative assets	2,452,682	1,538,532
Derivative liabilities	1,251,357	1,372,605
Designated as Accounting Hedges
Derivative Assets
Total derivatives	6,466	4,434
Derivative Liabilities
Total derivatives	332	332
Derivatives, Notional Amount
Derivative assets	106,473	78,524
Derivative liabilities	6,222	18,488
Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	2,995	2,991
Derivative Liabilities
Total derivatives	309	76
Derivatives, Notional Amount
Derivative assets	37,127	42,995
Derivative liabilities	5,501	8,164
Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	3,471	1,443
Derivative Liabilities
Total derivatives	23	256
Derivatives, Notional Amount
Derivative assets	69,346	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	6,442	4,267
Derivative Liabilities
Total derivatives	0	270
Derivatives, Notional Amount
Derivative assets	102,991	72,361
Derivative liabilities	34	13,429
Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	2,971	2,825
Derivative Liabilities
Total derivatives	0	20
Derivatives, Notional Amount
Derivative assets	33,772	36,999
Derivative liabilities	7	3,560
Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	3,471	1,442
Derivative Liabilities
Total derivatives	0	250
Derivatives, Notional Amount
Derivative assets	69,219	35,362
Derivative liabilities	27	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	24	167
Derivative Liabilities
Total derivatives	332	62
Derivatives, Notional Amount
Derivative assets	3,482	6,163
Derivative liabilities	6,188	5,059
Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	24	166
Derivative Liabilities
Total derivatives	309	56
Derivatives, Notional Amount
Derivative assets	3,355	5,996
Derivative liabilities	5,494	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	127	167
Derivative liabilities	694	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	535,386	467,144
Derivative Liabilities
Total derivatives	527,458	457,018
Derivatives, Notional Amount
Derivative assets	14,819,740	14,670,686
Derivative liabilities	13,507,916	14,055,735
Not Designated as Accounting Hedges | Bilateral OTC
Derivative Assets
Total derivatives	364,231	337,582
Derivative Liabilities
Total derivatives	353,145	324,595
Derivatives, Notional Amount
Derivative assets	6,265,002	7,230,926
Derivative liabilities	6,363,316	6,856,098
Not Designated as Accounting Hedges | Cleared OTC
Derivative Assets
Total derivatives	147,082	105,180
Derivative Liabilities
Total derivatives	149,789	107,807
Derivatives, Notional Amount
Derivative assets	6,102,056	5,901,228
Derivative liabilities	5,893,243	5,827,032
Not Designated as Accounting Hedges | Exchange Traded
Derivative Assets
Total derivatives	24,073	24,382
Derivative Liabilities
Total derivatives	24,524	24,616
Derivatives, Notional Amount
Derivative assets	2,452,682	1,538,532
Derivative liabilities	1,251,357	1,372,605
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivative Assets
Total derivatives	412,436	321,777
Derivative Liabilities
Total derivatives	397,989	307,139
Derivatives, Notional Amount
Derivative assets	11,691,423	11,315,172
Derivative liabilities	10,252,203	10,790,071
Not Designated as Accounting Hedges | Interest Rate Contracts | Bilateral OTC
Derivative Assets
Total derivatives	268,198	220,289
Derivative Liabilities
Total derivatives	251,071	203,004
Derivatives, Notional Amount
Derivative assets	3,696,991	4,348,002
Derivative liabilities	3,634,398	4,030,039
Not Designated as Accounting Hedges | Interest Rate Contracts | Cleared OTC
Derivative Assets
Total derivatives	144,030	101,276
Derivative Liabilities
Total derivatives	146,712	103,852
Derivatives, Notional Amount
Derivative assets	5,940,043	5,748,525
Derivative liabilities	5,741,556	5,682,322
Not Designated as Accounting Hedges | Interest Rate Contracts | Exchange Traded
Derivative Assets
Total derivatives	208	212
Derivative Liabilities
Total derivatives	206	283
Derivatives, Notional Amount
Derivative assets	2,054,389	1,218,645
Derivative liabilities	876,249	1,077,710
Not Designated as Accounting Hedges | Credit Contracts
Derivative Assets
Total derivatives	14,724	22,919
Derivative Liabilities
Total derivatives	16,164	23,665
Derivatives, Notional Amount
Derivative assets	521,575	725,032
Derivative liabilities	572,159	693,415
Not Designated as Accounting Hedges | Credit Contracts | Bilateral OTC
Derivative Assets
Total derivatives	11,977	19,310
Derivative Liabilities
Total derivatives	13,461	19,942
Derivatives, Notional Amount
Derivative assets	389,167	585,731
Derivative liabilities	453,893	562,027
Not Designated as Accounting Hedges | Credit Contracts | Cleared OTC
Derivative Assets
Total derivatives	2,747	3,609
Derivative Liabilities
Total derivatives	2,703	3,723
Derivatives, Notional Amount
Derivative assets	132,408	139,301
Derivative liabilities	118,266	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	51,178	64,788
Derivative Liabilities
Total derivatives	55,911	65,288
Derivatives, Notional Amount
Derivative assets	1,801,497	1,928,407
Derivative liabilities	1,874,098	1,883,992
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Bilateral OTC
Derivative Assets
Total derivatives	50,749	64,438
Derivative Liabilities
Total derivatives	55,515	65,034
Derivatives, Notional Amount
Derivative assets	1,753,186	1,907,290
Derivative liabilities	1,826,734	1,868,015
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Cleared OTC
Derivative Assets
Total derivatives	305	295
Derivative Liabilities
Total derivatives	374	232
Derivatives, Notional Amount
Derivative assets	29,605	13,402
Derivative liabilities	33,421	13,322
Not Designated as Accounting Hedges | Foreign Exchange Contracts | Exchange Traded
Derivative Assets
Total derivatives	124	55
Derivative Liabilities
Total derivatives	22	22
Derivatives, Notional Amount
Derivative assets	18,706	7,715
Derivative liabilities	13,943	2,655
Not Designated as Accounting Hedges | Equity Contracts
Derivative Assets
Total derivatives	43,421	40,289
Derivative Liabilities
Total derivatives	46,652	46,132
Derivatives, Notional Amount
Derivative assets	649,881	546,629
Derivative liabilities	669,678	562,000
Not Designated as Accounting Hedges | Equity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	22,739	20,212
Derivative Liabilities
Total derivatives	25,299	25,708
Derivatives, Notional Amount
Derivative assets	358,008	316,770
Derivative liabilities	374,098	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	20,682	20,077
Derivative Liabilities
Total derivatives	21,353	20,424
Derivatives, Notional Amount
Derivative assets	291,873	229,859
Derivative liabilities	295,580	229,266
Not Designated as Accounting Hedges | Commodity Contracts
Derivative Assets
Total derivatives	13,602	17,152
Derivative Liabilities
Total derivatives	10,666	14,751
Derivatives, Notional Amount
Derivative assets	153,816	149,762
Derivative liabilities	135,349	122,143
Not Designated as Accounting Hedges | Commodity Contracts | Bilateral OTC
Derivative Assets
Total derivatives	10,543	13,114
Derivative Liabilities
Total derivatives	7,723	10,864
Derivatives, Notional Amount
Derivative assets	66,102	67,449
Derivative liabilities	69,764	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	3,059	4,038
Derivative Liabilities
Total derivatives	2,943	3,887
Derivatives, Notional Amount
Derivative assets	87,714	82,313
Derivative liabilities	65,585	62,974
Not Designated as Accounting Hedges | Other Contracts
Derivative Assets
Total derivatives	25	219
Derivative Liabilities
Total derivatives	76	43
Derivatives, Notional Amount
Derivative assets	1,548	5,684
Derivative liabilities	4,429	4,114
Not Designated as Accounting Hedges | Other Contracts | Bilateral OTC
Derivative Assets
Total derivatives	25	219
Derivative Liabilities
Total derivatives	76	43
Derivatives, Notional Amount
Derivative assets	1,548	5,684
Derivative liabilities	4,429	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
Not Designated as Accounting Hedges | Future Contracts | Long
Derivatives, Notional Amount
Derivative notional amount	1,714,600	1,009,500
Not Designated as Accounting Hedges | Future Contracts | Short
Derivatives, Notional Amount
Derivative notional amount	431,100	653,000
Not Designated as Accounting Hedges | Future Contracts | Customer and Other Receivables
Derivatives, Notional Amount
Derivative assets, unsettled fair value	1,784	1,145
Not Designated as Accounting Hedges | Future Contracts | Customer and Other Payables
Derivatives, Notional Amount
Derivative liabilities, unsettled fair value	$ 55	$ 437

Derivative Instruments and He59

Derivative Instruments and Hedging Activities (Gains or Losses on Fair Value Hedges, Net Investment Hedges and Trading Instruments) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivatives
Debt valuation adjustments	[1]			$ 0
Designated as Accounting Hedges | Interest Expense
Derivatives
Gains (losses) recognized on fair value hedges		$ 57	$ (165)	(106)	$ (288)
Designated as Accounting Hedges | Interest Expense | Derivatives
Derivatives
Gains (losses) recognized on fair value hedges		(733)	1,531	2,386	390
Designated as Accounting Hedges | Interest Expense | Borrowings
Derivatives
Gains (losses) recognized on fair value hedges		790	(1,696)	(2,492)	(678)
Not Designated as Accounting Hedges
Derivatives
Gains (losses) recognized in income		2,609	1,591	7,420	7,907
Debt valuation adjustments		0	435	0	742
Total		2,609	2,026	7,420	8,649
Not Designated as Accounting Hedges | Interest Rate Contracts
Derivatives
Gains (losses) recognized in income		357	216	983	1,141
Not Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gains (losses) recognized in income		170	91	769	606
Not Designated as Accounting Hedges | Equity Security and Index Contracts
Derivatives
Gains (losses) recognized in income		1,415	968	4,360	4,309
Not Designated as Accounting Hedges | Commodity and Other Contracts
Derivatives
Gains (losses) recognized in income		63	164	(61)	980
Not Designated as Accounting Hedges | Credit Contracts
Derivatives
Gains (losses) recognized in income		604	152	1,369	871
Net Investment Hedges | Designated as Accounting Hedges | Foreign Exchange Contracts
Derivatives
Gains (losses) recognized in OCI (effective portion)		(60)	210	(396)	391
Gains (losses) that were related to the forward points on the hedging instruments that were excluded from hedge effectiveness testing and recognized in interest income		$ (20)	$ (37)	$ (59)	$ (117)
[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 informatio n.

Derivative Instruments and He60

Derivative Instruments and Hedging Activities (Fair Value of OTC Derivatives in a Gain Position) (Details) - OTC - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
OTC Derivative Assets
Years to maturity, less than 1	$ 16,726	$ 20,236
Years to maturity, 1 - 3	15,788	17,840
Years to maturity, 3 - 5	11,433	10,582
Years to maturity, over 5	64,645	49,174
Cross-maturity and cash collateral netting	(78,719)	(72,018)
Net exposure post-cash collateral	29,873	25,814
Net exposure post-collateral	19,409	16,624
AAA
OTC Derivative Assets
Years to maturity, less than 1	167	203
Years to maturity, 1 - 3	383	453
Years to maturity, 3 - 5	991	827
Years to maturity, over 5	4,603	3,665
Cross-maturity and cash collateral netting	(5,361)	(4,319)
Net exposure post-cash collateral	783	829
Net exposure post-collateral	705	715
AA
OTC Derivative Assets
Years to maturity, less than 1	2,095	2,689
Years to maturity, 1 - 3	1,847	2,000
Years to maturity, 3 - 5	1,913	1,876
Years to maturity, over 5	13,532	9,223
Cross-maturity and cash collateral netting	(13,963)	(10,981)
Net exposure post-cash collateral	5,424	4,807
Net exposure post-collateral	3,252	2,361
A
OTC Derivative Assets
Years to maturity, less than 1	7,940	9,748
Years to maturity, 1 - 3	7,561	8,191
Years to maturity, 3 - 5	4,958	4,774
Years to maturity, over 5	28,357	20,918
Cross-maturity and cash collateral netting	(37,040)	(34,916)
Net exposure post-cash collateral	11,776	8,715
Net exposure post-collateral	6,345	5,448
BBB
OTC Derivative Assets
Years to maturity, less than 1	3,764	3,614
Years to maturity, 1 - 3	3,895	4,863
Years to maturity, 3 - 5	2,825	1,948
Years to maturity, over 5	14,720	11,801
Cross-maturity and cash collateral netting	(16,747)	(15,086)
Net exposure post-cash collateral	8,457	7,140
Net exposure post-collateral	6,386	4,934
Non-investment Grade
OTC Derivative Assets
Years to maturity, less than 1	2,760	3,982
Years to maturity, 1 - 3	2,102	2,333
Years to maturity, 3 - 5	746	1,157
Years to maturity, over 5	3,433	3,567
Cross-maturity and cash collateral netting	(5,608)	(6,716)
Net exposure post-cash collateral	3,433	4,323
Net exposure post-collateral	$ 2,721	$ 3,166

Derivative Instruments and He61

Derivative Instruments and Hedging Activities (Credit Risk Related Contingencies) (Details) $ in Millions	Sep. 30, 2016USD ($)
Derivatives
Net derivative liabilities with credit-risk-related contingent features	$ 30,232
Collateral posted	26,761
Bilateral Arrangement
Derivatives
Collateral amount that the downgraded party must deliver to the counterparty	1,758
One-notch Downgrade
Derivatives
Collateral amount that the downgraded party must deliver to the counterparty	1,279
Two-notch Downgrade
Derivatives
Collateral amount that the downgraded party must deliver to the counterparty	$ 1,245

Derivative Instruments and He62

Derivative Instruments and Hedging Activities (Credit Derivatives and Other Credit Contracts) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Protection Sold
Credit Derivatives
Derivative notional amount	$ 526,477	$ 689,979
Credit risk derivative (assets) / liability, fair value	(1,882)	761
Protection Sold | Less than 1 Year
Credit Derivatives
Derivative notional amount	207,816	208,713
Protection Sold | 1 - 3 Years
Credit Derivatives
Derivative notional amount	178,606	298,137
Protection Sold | 3 - 5 Years
Credit Derivatives
Derivative notional amount	96,890	149,173
Protection Sold | Over 5 Years
Credit Derivatives
Derivative notional amount	43,165	33,956
Protection Sold | Credit Default Swaps
Credit Derivatives
Derivative notional amount	526,144	689,519
Credit risk derivative (assets) / liability, fair value	(1,873)	785
Protection Sold | Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	207,761	208,694
Protection Sold | Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	178,588	298,030
Protection Sold | Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	96,890	149,171
Protection Sold | Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	42,905	33,624
Protection Sold | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	318,840	420,806
Credit risk derivative (assets) / liability, fair value	(1,188)	1,980
Protection Sold | Single Name Credit Default Swaps | Investment Grade
Credit Derivatives
Derivative notional amount	228,407	299,670
Credit risk derivative (assets) / liability, fair value	(1,438)	(1,831)
Protection Sold | Single Name Credit Default Swaps | Non-investment Grade
Credit Derivatives
Derivative notional amount	90,433	121,136
Credit risk derivative (assets) / liability, fair value	250	3,811
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	132,677	122,597
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Investment Grade
Credit Derivatives
Derivative notional amount	92,473	84,543
Protection Sold | Single Name Credit Default Swaps | Less than 1 Year | Non-investment Grade
Credit Derivatives
Derivative notional amount	40,204	38,054
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	115,633	194,728
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Investment Grade
Credit Derivatives
Derivative notional amount	81,544	138,467
Protection Sold | Single Name Credit Default Swaps | 1 - 3 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	34,089	56,261
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	56,167	88,186
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Investment Grade
Credit Derivatives
Derivative notional amount	41,534	63,754
Protection Sold | Single Name Credit Default Swaps | 3 - 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	14,633	24,432
Protection Sold | Single Name Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	14,363	15,295
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Investment Grade
Credit Derivatives
Derivative notional amount	12,856	12,906
Protection Sold | Single Name Credit Default Swaps | Over 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	1,507	2,389
Protection Sold | Total Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	207,304	268,713
Credit risk derivative (assets) / liability, fair value	(685)	(1,195)
Protection Sold | Total Index and Basket Credit Default Swaps | Investment Grade
Credit Derivatives
Derivative notional amount	100,504	143,742
Credit risk derivative (assets) / liability, fair value	(1,003)	(1,977)
Protection Sold | Total Index and Basket Credit Default Swaps | Non-investment Grade
Credit Derivatives
Derivative notional amount	106,800	124,971
Credit risk derivative (assets) / liability, fair value	318	782
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year
Credit Derivatives
Derivative notional amount	75,084	86,097
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Investment Grade
Credit Derivatives
Derivative notional amount	22,936	33,507
Protection Sold | Total Index and Basket Credit Default Swaps | Less than 1 Year | Non-investment Grade
Credit Derivatives
Derivative notional amount	52,148	52,590
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years
Credit Derivatives
Derivative notional amount	62,955	103,302
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Investment Grade
Credit Derivatives
Derivative notional amount	35,780	59,403
Protection Sold | Total Index and Basket Credit Default Swaps | 1 - 3 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	27,175	43,899
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years
Credit Derivatives
Derivative notional amount	40,723	60,985
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Investment Grade
Credit Derivatives
Derivative notional amount	25,744	45,505
Protection Sold | Total Index and Basket Credit Default Swaps | 3 - 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	14,979	15,480
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years
Credit Derivatives
Derivative notional amount	28,542	18,329
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Investment Grade
Credit Derivatives
Derivative notional amount	16,044	5,327
Protection Sold | Total Index and Basket Credit Default Swaps | Over 5 Years | Non-investment Grade
Credit Derivatives
Derivative notional amount	12,498	13,002
Protection Sold | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	169,147	199,688
Credit risk derivative (assets) / liability, fair value	286	(102)
Protection Sold | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	38,157	69,025
Credit risk derivative (assets) / liability, fair value	(971)	(1,093)
Protection Sold | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	485,900	619,500
Protection Sold | Other Credit Contracts
Credit Derivatives
Derivative notional amount	333	460
Credit risk derivative (assets) / liability, fair value	(9)	(24)
Protection Sold | Other Credit Contracts | Less than 1 Year
Credit Derivatives
Derivative notional amount	55	19
Protection Sold | Other Credit Contracts | 1 - 3 Years
Credit Derivatives
Derivative notional amount	18	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	260	332
Protection Purchased | Credit Default Swaps
Credit Derivatives
Derivative notional amount	567,590	728,928
Credit risk derivative (assets) / liability, fair value	3,313	(39)
Protection Purchased | Single Name Credit Default Swaps
Credit Derivatives
Derivative notional amount	312,236	405,361
Credit risk derivative (assets) / liability, fair value	1,139	(2,079)
Protection Purchased | Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	142,842	173,936
Credit risk derivative (assets) / liability, fair value	(510)	(82)
Protection Purchased | Tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	112,512	149,631
Credit risk derivative (assets) / liability, fair value	2,684	2,122
Protection Purchased | Single Name, and Non-tranched Index and Basket Credit Default Swaps
Credit Derivatives
Derivative notional amount	$ 452,200	$ 577,700

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Investment securities
Total investment securities - amortized cost	$ 78,771	$ 72,493
Total investment securities, gross unrealized gains	508	44
Total investment securities, gross unrealized losses	218	590
Total investment securities, fair value	79,061	71,947
AFS securities
Total AFS securities, fair value	$ 65,732	$ 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
Total AFS securities, amortized cost	$ 65,547	$ 67,269
Total AFS securities, gross unrealized gains	382	43
Total AFS securities, gross unrealized loss	197	553
Total AFS securities, fair value	65,732	66,759
AFS Debt Securities
AFS securities
AFS debt securities, amortized cost	65,532	67,254
AFS debt securities, gross unrealized gains	382	43
AFS debt securities, gross unrealized losses	191	545
AFS debt securities, fair value	65,723	66,752
AFS Debt Securities | U.S. Government and Agency Securities
AFS securities
AFS debt securities, amortized cost	51,848	52,658
AFS debt securities, gross unrealized gains	281	34
AFS debt securities, gross unrealized losses	72	299
AFS debt securities, fair value	52,057	52,393
AFS Debt Securities | U.S. Treasury Securities
AFS securities
AFS debt securities, amortized cost	27,669	31,555
AFS debt securities, gross unrealized gains	98	5
AFS debt securities, gross unrealized losses	54	143
AFS debt securities, fair value	27,713	31,417
AFS Debt Securities | U.S. Agency Securities
AFS securities
AFS debt securities, amortized cost	24,179	21,103
AFS debt securities, gross unrealized gains	183	29
AFS debt securities, gross unrealized losses	18	156
AFS debt securities, fair value	24,344	20,976
AFS Debt Securities | Corporate and Other Debt
AFS securities
AFS debt securities, amortized cost	13,684	14,596
AFS debt securities, gross unrealized gains	101	9
AFS debt securities, gross unrealized losses	119	246
AFS debt securities, fair value	13,666	14,359
AFS Debt Securities | Agency
AFS securities
AFS debt securities, amortized cost	1,991	1,906
AFS debt securities, gross unrealized gains	5	1
AFS debt securities, gross unrealized losses	26	60
AFS debt securities, fair value	1,970	1,847
AFS Debt Securities | Non-Agency
AFS securities
AFS debt securities, amortized cost	2,153	2,220
AFS debt securities, gross unrealized gains	35	3
AFS debt securities, gross unrealized losses	8	25
AFS debt securities, fair value	2,180	2,198
AFS Debt Securities | Auto Loan Asset-backed Securities
AFS securities
AFS debt securities, amortized cost	1,733	2,556
AFS debt securities, gross unrealized gains	4	0
AFS debt securities, gross unrealized losses	0	9
AFS debt securities, fair value	1,737	2,547
AFS Debt Securities | Corporate Bonds
AFS securities
AFS debt securities, amortized cost	3,886	3,780
AFS debt securities, gross unrealized gains	55	5
AFS debt securities, gross unrealized losses	1	30
AFS debt securities, fair value	3,940	3,755
AFS Debt Securities | Collateralized Loan Obligations
AFS securities
AFS debt securities, amortized cost	515	502
AFS debt securities, gross unrealized gains	0	0
AFS debt securities, gross unrealized losses	4	7
AFS debt securities, fair value	511	495
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
AFS securities
AFS debt securities, amortized cost	3,406	3,632
AFS debt securities, gross unrealized gains	2	0
AFS debt securities, gross unrealized losses	80	115
AFS debt securities, fair value	3,328	3,517
AFS Equity Securities
AFS securities
AFS equity securities, amortized cost	15	15
AFS equity securities, gross unrealized gains	0	0
AFS equity securities, gross unrealized losses	6	8
AFS equity securities, fair value	9	7
HTM securities
HTM securities:
HTM securities, amortized cost	13,224	5,224
HTM securities, gross unrealized gains	126	1
HTM securities, gross unrealized losses	21	37
HTM securities, fair value	13,329	5,188
HTM securities | U.S. Treasury Securities
HTM securities:
HTM securities, amortized cost	4,539	1,001
HTM securities, gross unrealized gains	25	0
HTM securities, gross unrealized losses	20	3
HTM securities, fair value	4,544	998
HTM securities | U.S. Agency Securities
HTM securities:
HTM securities, amortized cost	8,685	4,223
HTM securities, gross unrealized gains	101	1
HTM securities, gross unrealized losses	1	34
HTM securities, fair value	$ 8,785	$ 4,190

Investment Securities (Schedu64

Investment Securities (Schedule of Investment Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Investment Securities
Investment securities - fair value, less than 12 months	$ 13,577	$ 54,185
Investment securities - fair value, 12 months or longer	7,453	6,021
Investment securities - fair value, total	21,030	60,206
Investment securities - gross unrealized loss, less than 12 months	88	481
Investment securities - gross unrealized loss, 12 months or longer, aggregate loss	130	109
Investment securities - gross unrealized loss, total	218	590
AFS Securities
Investment Securities
AFS - fair value, less than 12 Months	11,608	49,610
AFS - fair value, 12 months or longer	7,453	6,021
AFS - fair value, total	19,061	55,631
AFS - gross unrealized losses, less than 12 months	67	444
AFS - gross unrealized losses, 12 months or longer	130	109
AFS - gross unrealized losses, total	197	553
AFS Debt Securities
Investment Securities
AFS - fair value, less than 12 Months	11,599	49,603
AFS - fair value, 12 months or longer	7,453	6,021
AFS - fair value, total	19,052	55,624
AFS - gross unrealized losses, less than 12 months	61	436
AFS - gross unrealized losses, 12 months or longer	130	109
AFS - gross unrealized losses, total	191	545
AFS Debt Securities | U.S. Government and Agency Securities
Investment Securities
AFS - fair value, less than 12 Months	11,005	40,236
AFS - fair value, 12 months or longer	1,961	2,816
AFS - fair value, total	12,966	43,052
AFS - gross unrealized losses, less than 12 months	60	261
AFS - gross unrealized losses, 12 months or longer	12	38
AFS - gross unrealized losses, total	72	299
AFS Debt Securities | U.S. Treasury Securities
Investment Securities
AFS - fair value, less than 12 Months	6,520	25,994
AFS - fair value, 12 months or longer	0	2,177
AFS - fair value, total	6,520	28,171
AFS - gross unrealized losses, less than 12 months	54	126
AFS - gross unrealized losses, 12 months or longer	0	17
AFS - gross unrealized losses, total	54	143
AFS Debt Securities | U.S. Agency Securities
Investment Securities
AFS - fair value, less than 12 Months	4,485	14,242
AFS - fair value, 12 months or longer	1,961	639
AFS - fair value, total	6,446	14,881
AFS - gross unrealized losses, less than 12 months	6	135
AFS - gross unrealized losses, 12 months or longer	12	21
AFS - gross unrealized losses, total	18	156
AFS Debt Securities | Corporate and Other Debt
Investment Securities
AFS - fair value, less than 12 Months	594	9,367
AFS - fair value, 12 months or longer	5,492	3,205
AFS - fair value, total	6,086	12,572
AFS - gross unrealized losses, less than 12 months	1	175
AFS - gross unrealized losses, 12 months or longer	118	71
AFS - gross unrealized losses, total	119	246
AFS Debt Securities | Agency
Investment Securities
AFS - fair value, less than 12 Months	0	1,185
AFS - fair value, 12 months or longer	1,143	422
AFS - fair value, total	1,143	1,607
AFS - gross unrealized losses, less than 12 months	0	44
AFS - gross unrealized losses, 12 months or longer	26	16
AFS - gross unrealized losses, total	26	60
AFS Debt Securities | Non-Agency
Investment Securities
AFS - fair value, less than 12 Months	149	1,479
AFS - fair value, 12 months or longer	649	305
AFS - fair value, total	798	1,784
AFS - gross unrealized losses, less than 12 months	1	21
AFS - gross unrealized losses, 12 months or longer	7	4
AFS - gross unrealized losses, total	8	25
AFS Debt Securities | Auto Loan Asset-backed Securities
Investment Securities
AFS - fair value, less than 12 Months	99	1,644
AFS - fair value, 12 months or longer	175	881
AFS - fair value, total	274	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	333	2,149
AFS - fair value, 12 months or longer	142	525
AFS - fair value, total	475	2,674
AFS - gross unrealized losses, less than 12 months	0	19
AFS - gross unrealized losses, 12 months or longer	1	11
AFS - gross unrealized losses, total	1	30
AFS Debt Securities | Collateralized Loan Obligations
Investment Securities
AFS - fair value, less than 12 Months	13	352
AFS - fair value, 12 months or longer	498	143
AFS - fair value, total	511	495
AFS - gross unrealized losses, less than 12 months	0	5
AFS - gross unrealized losses, 12 months or longer	4	2
AFS - gross unrealized losses, total	4	7
AFS Debt Securities | FFELP Student Loan Asset-backed Securities
Investment Securities
AFS - fair value, less than 12 Months	0	2,558
AFS - fair value, 12 months or longer	2,885	929
AFS - fair value, total	2,885	3,487
AFS - gross unrealized losses, less than 12 months	0	79
AFS - gross unrealized losses, 12 months or longer	80	36
AFS - gross unrealized losses, total	80	115
AFS Equity Securities
Investment Securities
AFS - fair value, less than 12 Months	9	7
AFS - fair value, 12 months or longer	0	0
AFS - fair value, total	9	7
AFS - gross unrealized losses, less than 12 months	6	8
AFS - gross unrealized losses, 12 months or longer	0	0
AFS - gross unrealized losses, total	6	8
HTM securities
Investment Securities
HTM - fair value, less than 12 months	1,969	4,575
HTM - fair value, 12 months or longer	0	0
HTM - fair value, total	1,969	4,575
HTM - gross unrealized losses, less than 12 months	21	37
HTM - gross unrealized losses, 12 months or longer	0	0
HTM - gross unrealized losses, total	21	37
HTM securities | U.S. Treasury Securities
Investment Securities
HTM - fair value, less than 12 months	1,519	898
HTM - fair value, 12 months or longer	0	0
HTM - fair value, total	1,519	898
HTM - gross unrealized losses, less than 12 months	20	3
HTM - gross unrealized losses, 12 months or longer	0	0
HTM - gross unrealized losses, total	20	3
HTM securities | U.S. Agency Securities
Investment Securities
HTM - fair value, less than 12 months	450	3,677
HTM - fair value, 12 months or longer	0	0
HTM - fair value, total	450	3,677
HTM - gross unrealized losses, less than 12 months	1	34
HTM - gross unrealized losses, 12 months or longer	0	0
HTM - gross unrealized losses, total	$ 1	$ 34

Investment Securities (Schedu65

Investment Securities (Schedule of Amortized Cost and Fair Value of Available for Sale Debt Securities by Contractual Date) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Amortized Cost
Total investment securities - amortized cost	$ 78,771	$ 72,493
Fair Value
Available-for-sale securities, total	65,732	66,759
Investment securities, fair value	$ 79,061	71,947
Annualized Average Yield
Total investment securities, annualized average yield	1.40%
AFS Securities
Amortized Cost
Total AFS securities, amortized cost	$ 65,547	67,269
Fair Value
Available-for-sale securities, total	$ 65,732	66,759
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities
Amortized Cost
AFS debt securities, amortized cost	$ 65,532	67,254
Fair Value
AFS debt securities, fair value, total	$ 65,723	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	$ 51,848	52,658
Fair Value
AFS debt securities, fair value, total	$ 52,057	52,393
Annualized Average Yield
Annualized average yield, total	1.30%
AFS Debt Securities | U.S. Treasury Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 372
AFS debt securities, amortized cost, after 1 year through 5 years	19,965
AFS debt securities, Amortized cost, after 5 years through 10 years	7,332
AFS debt securities, amortized cost	27,669	31,555
Fair Value
AFS debt securities, due within 1 year	372
AFS debt securities, after 1 year through 5 years	20,047
AFS debt securities, after 5 years through 10 years	7,294
AFS debt securities, fair value, total	$ 27,713	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, after 1 year through 5 years	$ 3,272
AFS debt securities, Amortized cost, after 5 years through 10 years	1,130
AFS debt securities, amortized cost, after 10 years	19,777
AFS debt securities, amortized cost	24,179	21,103
Fair Value
AFS debt securities, after 1 year through 5 years	3,276
AFS debt securities, after 5 years through 10 years	1,150
AFS debt securities, after 10 years	19,918
AFS debt securities, fair value, total	$ 24,344	20,976
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.60%
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	$ 13,684	14,596
Fair Value
AFS debt securities, fair value, total	$ 13,666	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	$ 83
AFS debt securities, amortized cost, after 1 year through 5 years	377
AFS debt securities, Amortized cost, after 5 years through 10 years	564
AFS debt securities, amortized cost, after 10 years	967
AFS debt securities, amortized cost	1,991	1,906
Fair Value
AFS debt securities, due within 1 year	84
AFS debt securities, after 1 year through 5 years	380
AFS debt securities, after 5 years through 10 years	565
AFS debt securities, after 10 years	941
AFS debt securities, fair value, total	$ 1,970	1,847
Annualized Average Yield
Annualized average yield, due within 1 year	0.90%
Annualized average yield, after 1 year through 5 years	1.20%
Annualized average yield, after 5 years through 10 years	1.20%
Annualized average yield, after 10 years	1.60%
AFS Debt Securities | Non-Agency
Amortized Cost
AFS debt securities, amortized cost, after 10 years	$ 2,153
AFS debt securities, amortized cost	2,153	2,220
Fair Value
AFS debt securities, after 10 years	2,180
AFS debt securities, fair value, total	$ 2,180	2,198
Annualized Average Yield
Annualized average yield, after 10 years	2.00%
AFS Debt Securities | Auto Loan Asset-backed Securities
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 142
AFS debt securities, amortized cost, after 1 year through 5 years	1,489
AFS debt securities, Amortized cost, after 5 years through 10 years	102
AFS debt securities, amortized cost	1,733	2,556
Fair Value
AFS debt securities, due within 1 year	142
AFS debt securities, after 1 year through 5 years	1,492
AFS debt securities, after 5 years through 10 years	103
AFS debt securities, fair value, total	$ 1,737	2,547
Annualized Average Yield
Annualized average yield, due within 1 year	1.30%
Annualized average yield, after 1 year through 5 years	1.40%
Annualized average yield, after 5 years through 10 years	1.70%
AFS Debt Securities | Corporate Bonds
Amortized Cost
AFS debt securities, amortized cost, due within 1 year	$ 563
AFS debt securities, amortized cost, after 1 year through 5 years	2,620
AFS debt securities, Amortized cost, after 5 years through 10 years	703
AFS debt securities, amortized cost	3,886	3,780
Fair Value
AFS debt securities, due within 1 year	563
AFS debt securities, after 1 year through 5 years	2,656
AFS debt securities, after 5 years through 10 years	721
AFS debt securities, fair value, total	$ 3,940	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	2.50%
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, after 10 years	13
AFS debt securities, amortized cost	515	502
Fair Value
AFS debt securities, after 5 years through 10 years	498
AFS debt securities, after 10 years	13
AFS debt securities, fair value, total	$ 511	495
Annualized Average Yield
Annualized average yield, after 5 years through 10 years	1.50%
Annualized average yield, after 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	$ 86
AFS debt securities, Amortized cost, after 5 years through 10 years	870
AFS debt securities, amortized cost, after 10 years	2,450
AFS debt securities, amortized cost	3,406	3,632
Fair Value
AFS debt securities, after 1 year through 5 years	86
AFS debt securities, after 5 years through 10 years	847
AFS debt securities, after 10 years	2,395
AFS debt securities, fair value, total	$ 3,328	3,517
Annualized Average Yield
Annualized average yield, after 1 year through 5 years	0.70%
Annualized average yield, after 5 years through 10 years	0.90%
Annualized average yield, after 10 years	1.00%
AFS Equity Securities
Amortized Cost
AFS equity securities, amortized cost	$ 15	15
Fair Value
AFS equity securities, fair value	$ 9	7
Annualized Average Yield
Annualized average yield, total	0.00%
HTM securities
Amortized Cost
HTM securities, amortized cost	$ 13,224	5,224
Fair Value
HTM securities, fair value, total	$ 13,329	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	$ 500
HTM securities, amortized cost, after 1 year through 5 years	1,107
HTM securities, amortized cost, after 10 years	2,932
HTM securities, amortized cost	4,539	1,001
Fair Value
HTM securities, due within 1 year	500
HTM securities, after 1 year through 5 years	1,116
HTM securities, after 10 years	2,928
HTM securities, fair value, total	$ 4,544	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	1.20%
HTM securities, annualized average yield, after 10 year	1.80%
HTM securities | U.S. Agency Securities
Amortized Cost
HTM securities, amortized cost, after 10 years	$ 8,685
HTM securities, amortized cost	8,685	4,223
Fair Value
HTM securities, after 10 years	8,785
HTM securities, fair value, total	$ 8,785	$ 4,190
Annualized Average Yield
HTM securities, annualized average yield, after 10 year	2.00%

Investment Securities (Schedu66

Investment Securities (Schedule of Gross Realized Gains and Gross Realized (Losses) on Sales of AFS Securities) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Available-for-sale Securities [Abstract]
Gross realized gains	$ 45	$ 22	$ 130	$ 91
Gross realized (losses)	0	(4)	(3)	(17)
Total	$ 45	$ 18	$ 127	$ 74

Collateralized Transactions (Na

Collateralized Transactions (Narrative) (Details) - USD ($) $ in Billions	Sep. 30, 2016	Dec. 31, 2015
Collateralized Agreements
Customer margin lending outstanding	$ 28	$ 25.3
Fair value of financial instruments received as collateral where the Firm is permitted to sell or repledge the securities	551.8	522.6
Fair value of financial instruments received as collateral where the Firm has sold or repledged	433.8	398.1
Trading assets that have been loaned or pledged to counterparties, where those counterparties do not have the right to sell or pledge the collateral	$ 40.3	$ 35

Collateralized Transactions (Ba

Collateralized Transactions (Balance Sheet Offsetting) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Securities Purchased under Agreements to Resell
Gross amounts	$ 162,348	$ 135,714
Amounts offset	(71,769)	(48,057)
Net amounts presented	90,579	87,657
Amounts not offset	(83,064)	(84,752)
Net exposure	7,515	2,905
Securities Borrowed
Gross amounts	136,370	147,445
Amounts offset	(10,090)	(5,029)
Net amounts presented	126,280	142,416
Amounts not offset	(121,245)	(134,250)
Net exposure	5,035	8,166
Securities Sold under Agreements to Repurchase
Gross amounts	118,705	84,749
Amounts offset	(71,769)	(48,057)
Net amounts presented	46,936	36,692
Amounts not offset	(39,291)	(31,604)
Net exposure	7,645	5,088
Securities Loaned
Gross amounts	26,605	24,387
Amounts offset	(10,090)	(5,029)
Net amounts presented	16,515	19,358
Amounts not offset	(16,336)	(18,881)
Net exposure	179	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	7,000	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	1,400	3,000
Securities sold under agreements to repurchase, which are either not subject to master netting agreements or collateral agreements, or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	6,900	$ 4,900
Securities loaned, which are either not subject to master netting agreements or collateral agreements, or are subject to such agreements but the entity has not determined the agreements to be legally enforceable	$ 100

Collateralized Transactions (Se

Collateralized Transactions (Secured Financing Transactions) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Securities Financing Transaction
Securities sold under agreements to repurchase	$ 118,705	$ 84,749
Securities loaned	26,605	24,387
Gross amount of secured financing included in the offseting disclosure	145,310	109,136
Obligation to return securities received as collateral	20,935	19,316
Total	166,245	128,452
U.S. Government and Agency Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	46,027	36,609
Securities loaned	272	0
State and Municipal Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	647	173
Other Sovereign Government Obligations
Securities Financing Transaction
Securities sold under agreements to repurchase	46,527	24,820
Securities loaned	10,126	7,336
Asset-backed Securities
Securities Financing Transaction
Securities sold under agreements to repurchase	2,668	441
Corporate and Other Debt
Securities Financing Transaction
Securities sold under agreements to repurchase	8,139	4,020
Securities loaned	105	71
Obligation to return securities received as collateral	0	3
Corporate Equities
Securities Financing Transaction
Securities sold under agreements to repurchase	14,017	18,473
Securities loaned	16,047	16,972
Obligation to return securities received as collateral	20,916	19,313
Other
Securities Financing Transaction
Securities sold under agreements to repurchase	680	213
Securities loaned	55	8
Obligation to return securities received as collateral	19	0
Overnight and Open
Securities Financing Transaction
Securities sold under agreements to repurchase	37,212	20,410
Securities loaned	15,613	12,247
Gross amount of secured financing included in the offseting disclosure	52,825	32,657
Obligation to return securities received as collateral	20,935	19,316
Total	73,760	51,973
Less than 30 days
Securities Financing Transaction
Securities sold under agreements to repurchase	31,284	25,245
Securities loaned	134	478
Gross amount of secured financing included in the offseting disclosure	31,418	25,723
Obligation to return securities received as collateral	0	0
Total	31,418	25,723
30-90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	24,697	13,221
Securities loaned	3,128	2,156
Gross amount of secured financing included in the offseting disclosure	27,825	15,377
Obligation to return securities received as collateral	0	0
Total	27,825	15,377
Over 90 days
Securities Financing Transaction
Securities sold under agreements to repurchase	25,512	25,873
Securities loaned	7,730	9,506
Gross amount of secured financing included in the offseting disclosure	33,242	35,379
Obligation to return securities received as collateral	0	0
Total	$ 33,242	$ 35,379

Collateralized Transactions (Ca

Collateralized Transactions (Cash and Securities Deposited with Clearing Organizations or Segregated) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Collateralized Transactions
Securities	$ 16,625	$ 14,390
Other assets - Cash deposited with clearing organizations or segregated under federal and other regulations or requirements	30,784	31,469
Total	$ 47,409	$ 45,859

Loans and Allowance for Credi71

Loans and Allowance for Credit Losses (Outstanding Loans and Credit Quality) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Loans Held for Investments
Loans held for investment, gross	$ 80,687	$ 72,784	$ 69,183
Allowance for loan losses	(287)	(225)	(173)	$ (149)
Loans held for investment, net	80,400	72,559
Loans Held for Sale
Loans held for sale, gross	12,108	13,200
Loans held for sale, net	12,108	13,200
Total Loans
Total loans, gross	92,795	85,984
Allowance for loan losses	(287)	(225)
Total loans, net	92,508	85,759
Total loans, net of allowance, made to non-U.S. borrowers	8,975	9,789
Loans at fixed interest rates	10,450	8,471
Loans at floating or adjustable interest rates	82,058	77,288
Pass
Loans Held for Investments
Loans held for investment, gross	78,707	71,235
Special Mention
Loans Held for Investments
Loans held for investment, gross	463	300
Substandard
Loans Held for Investments
Loans held for investment, gross	1,379	1,237
Doubtful
Loans Held for Investments
Loans held for investment, gross	138	12
Loss
Loans Held for Investments
Loans held for investment, gross	0	0
Corporate Loans
Loans Held for Investments
Loans held for investment, gross	24,792	23,554	22,519
Allowance for loan losses	(219)	(166)	(139)	(118)
Loans Held for Sale
Loans held for sale, gross	10,223	11,924
Total Loans
Total loans, gross	35,015	35,478
Corporate Loans | Pass
Loans Held for Investments
Loans held for investment, gross	23,145	22,040
Corporate Loans | Special Mention
Loans Held for Investments
Loans held for investment, gross	357	300
Corporate Loans | Substandard
Loans Held for Investments
Loans held for investment, gross	1,152	1,202
Corporate Loans | Doubtful
Loans Held for Investments
Loans held for investment, gross	138	12
Corporate Loans | Loss
Loans Held for Investments
Loans held for investment, gross	0	0
Consumer Loans
Loans Held for Investments
Loans held for investment, gross	24,717	21,528	20,447
Allowance for loan losses	(3)	(5)	(2)	(2)
Loans Held for Sale
Loans held for sale, gross	0	0
Total Loans
Total loans, gross	24,717	21,528
Consumer Loans | Pass
Loans Held for Investments
Loans held for investment, gross	24,717	21,528
Consumer Loans | Special Mention
Loans Held for Investments
Loans held for investment, gross	0	0
Consumer Loans | Substandard
Loans Held for Investments
Loans held for investment, gross	0	0
Consumer Loans | Doubtful
Loans Held for Investments
Loans held for investment, gross	0	0
Consumer Loans | Loss
Loans Held for Investments
Loans held for investment, gross	0	0
Residential Real Estate Loans
Loans Held for Investments
Loans held for investment, gross	23,562	20,863	19,640
Allowance for loan losses	(20)	(17)	(10)	(8)
Loans Held for Sale
Loans held for sale, gross	79	104
Total Loans
Total loans, gross	23,641	20,967
Residential Real Estate Loans | Pass
Loans Held for Investments
Loans held for investment, gross	23,524	20,828
Residential Real Estate Loans | Special Mention
Loans Held for Investments
Loans held for investment, gross	0	0
Residential Real Estate Loans | Substandard
Loans Held for Investments
Loans held for investment, gross	38	35
Residential Real Estate Loans | Doubtful
Loans Held for Investments
Loans held for investment, gross	0	0
Residential Real Estate Loans | Loss
Loans Held for Investments
Loans held for investment, gross	0	0
Wholesale Real Estate Loans
Loans Held for Investments
Loans held for investment, gross	7,616	6,839	6,577
Allowance for loan losses	(45)	(37)	$ (22)	$ (21)
Loans Held for Sale
Loans held for sale, gross	1,806	1,172
Total Loans
Total loans, gross	9,422	8,011
Wholesale Real Estate Loans | Pass
Loans Held for Investments
Loans held for investment, gross	7,321	6,839
Wholesale Real Estate Loans | Special Mention
Loans Held for Investments
Loans held for investment, gross	106	0
Wholesale Real Estate Loans | Substandard
Loans Held for Investments
Loans held for investment, gross	189	0
Wholesale Real Estate Loans | Doubtful
Loans Held for Investments
Loans held for investment, gross	0	0
Wholesale Real Estate Loans | Loss
Loans Held for Investments
Loans held for investment, gross	$ 0	$ 0

Loans and Allowance for Credi72

Loans and Allowance for Credit Losses (Impaired Loans) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans
Impaired loans with allowance	$ 181	$ 39
Impaired loans without allowance	214	106
Impaired loans unpaid principal balance	404	149
Impaired loans	395	145
Past due 90 days loans and on nonaccrual	22	22
Allowance for loan losses	287	225	$ 173	$ 149
Troubled Debt Restructuring
Allowance of TDR		5.1
Americas
Impaired Loans
Impaired loans	395	108
Past due 90 days loans and on nonaccrual	22	22
Allowance for loan losses	254	183
EMEA
Impaired Loans
Impaired loans	0	12
Past due 90 days loans and on nonaccrual	0	0
Allowance for loan losses	29	34
Asia-Pacific
Impaired Loans
Impaired loans	0	25
Past due 90 days loans and on nonaccrual	0	0
Allowance for loan losses	4	8
Loans and Other Debt
Troubled Debt Restructuring
Troubled Debt Restructuring	52.8	44
Lending Commitments
Troubled Debt Restructuring
Troubled Debt Restructuring	13.9	34.8
Corporate
Impaired Loans
Impaired loans with allowance	181	39
Impaired loans without allowance	186	89
Impaired loans unpaid principal balance	374	130
Past due 90 days loans and on nonaccrual	1	1
Allowance for loan losses	219	166	139	118
Residential Real Estate
Impaired Loans
Impaired loans with allowance	0	0
Impaired loans without allowance	28	17
Impaired loans unpaid principal balance	30	19
Past due 90 days loans and on nonaccrual	21	21
Allowance for loan losses	$ 20	$ 17	$ 10	$ 8

Loans and Allowance for Credi73

Loans and Allowance for Credit Losses (Loans and Lending-related Commitments) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Allowance for Loan Losses Rollforward
Beginning balance	$ 225	$ 149
Gross charge-offs	(15)	(1)
Gross recoveries	0	1
Net recoveries/ (charge-offs)	(15)	0
Provision for (release of) loan losses	129	35
Other	(52)	(11)
Ending balance	287	173
Loans, Additional Information
Allowance, inherent	210	168
Allowance, specific	77	5
Loans, inherent	80,292	69,065
Loans, specific	395	118
Total Loans	80,687	69,183	$ 72,784
Allowance related to loans	51
Allowance transferred to loans held for sale	413
Allowance for Lending-related Commitments Rollforward
Beginning balance	185	149
Provision for lending-related commitments	9	12
Other	(7)
Ending balance	187	161
Lending-related Commitments, Additional Information
Allowance, inherent	185	161
Allowance, specific	2
Lending-related commitments, inherent	70,684	70,970
Lending-related commitments, specific	76	128
Total lending-related commitments evaluated for impairment	70,760	71,098
Corporate
Allowance for Loan Losses Rollforward
Beginning balance	166	118
Gross charge-offs	(15)	0
Gross recoveries	0	1
Net recoveries/ (charge-offs)	(15)	1
Provision for (release of) loan losses	120	31
Other	(52)	(11)
Ending balance	219	139
Loans, Additional Information
Allowance, inherent	142	134
Allowance, specific	77	5
Loans, inherent	24,425	22,426
Loans, specific	367	93
Total Loans	24,792	22,519	23,554
Allowance for Lending-related Commitments Rollforward
Beginning balance	180	147
Provision for lending-related commitments	9	11
Other	(7)
Ending balance	182	158
Lending-related Commitments, Additional Information
Allowance, inherent	180	158
Allowance, specific	2
Lending-related commitments, inherent	64,261	65,627
Lending-related commitments, specific	76	128
Total lending-related commitments evaluated for impairment	64,337	65,755
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	(2)	0
Other	0	0
Ending balance	3	2
Loans, Additional Information
Allowance, inherent	3	2
Allowance, specific	0	0
Loans, inherent	24,717	20,447
Loans, specific	0	0
Total Loans	24,717	20,447	21,528
Allowance for Lending-related Commitments Rollforward
Beginning balance	1	0
Provision for lending-related commitments	0	0
Other	0
Ending balance	1	0
Lending-related Commitments, Additional Information
Allowance, inherent	1	0
Allowance, specific	0
Lending-related commitments, inherent	5,561	4,587
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	5,561	4,587
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	3	3
Other	0	0
Ending balance	20	10
Loans, Additional Information
Allowance, inherent	20	10
Allowance, specific	0	0
Loans, inherent	23,534	19,615
Loans, specific	28	25
Total Loans	23,562	19,640	20,863
Allowance for Lending-related Commitments Rollforward
Beginning balance	0	0
Provision for lending-related commitments	0	0
Other	0
Ending balance	0	0
Lending-related Commitments, Additional Information
Allowance, inherent	0	0
Allowance, specific	0
Lending-related commitments, inherent	326	310
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	326	310
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	8	1
Other	0	0
Ending balance	45	22
Loans, Additional Information
Allowance, inherent	45	22
Allowance, specific	0	0
Loans, inherent	7,616	6,577
Loans, specific	0	0
Total Loans	7,616	6,577	$ 6,839
Allowance for Lending-related Commitments Rollforward
Beginning balance	4	2
Provision for lending-related commitments	0	1
Other	0
Ending balance	4	3
Lending-related Commitments, Additional Information
Allowance, inherent	4	3
Allowance, specific	0
Lending-related commitments, inherent	536	446
Lending-related commitments, specific	0	0
Total lending-related commitments evaluated for impairment	$ 536	$ 446

Loans and Allowance for Credi74

Loans and Allowance for Credit Losses (Employee Loans) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Employee Loans
Employee loans outstanding	$ 4,821	$ 4,923
Allowance for employee loans	$ 96	$ 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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Equity Method Investments
Equity method investment	$ 3,168		$ 3,168		$ 3,144
Income (loss) from equity method investments	(40)	$ 35	(39)	$ 118
MUMSS
Equity Method Investments
Income (loss) from equity method investments	$ 26	$ 54	$ 83	$ 194
Percent ownership	40.00%		40.00%
MUMSS | MUFG
Equity Method Investments
Voting interest held by noncontrolling interest	60.00%		60.00%
Solar Investments
Equity Method Investments
Gain (loss) on sale of equity method investments			$ (35)

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Deposits [Abstract]
Savings and demand deposits	$ 150,244	$ 153,346
Time deposits	1,599	2,688
Total	151,843	156,034
Maturities of Interest-bearing Deposits
Savings deposits payable upon demand	150,228
Time deposits maturing in 2016	728
Time deposits maturing in 2017	805
Time deposits maturing in 2018	12
Time deposits that met or exceeded the FDIC insurance limit	12	14
Deposits subject to FDIC	$ 125,000	$ 113,000

Long-Term Borrowings and Othe77

Long-Term Borrowings and Other Secured Financings (Other Narratives) (Details) - USD ($) $ in Billions	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Long-term Borrowings
Notes issued, principal amount	$ 27.5	$ 27.5	$ 30.2
Notes matured or retired		$ 22.9	$ 17.6
Weighted average maturity of long-term borrowings		5 years 11 months		6 years 1 month
Other Disclosures
Trust preferred securities redeemed	$ 2.8

Long-Term Borrowings and Othe78

Long-Term Borrowings and Other Secured Financings (Components of Long-term Borrowings) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Components of Long-term Borrowings
Senior debt	$ 152,917	$ 140,494
Subordinated debt	11,010	10,404
Junior subordinated debentures	0	2,870
Total	$ 163,927	$ 153,768

Long-Term Borrowings and Othe79

Long-Term Borrowings and Other Secured Financings (Other Secured Financings) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Components of other secured financings
Secured financings with original maturities greater than one year	$ 8,251	$ 7,629
Secured financings with original maturities one year or less	1,292	1,435
Failed sales	269	400
Total other secured financings	$ 9,812	$ 9,464

Commitments, Guarantees and C80

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

Jun. 25, 2016

Jan. 25, 2011

Jul. 15, 2010

Sep. 30, 2016

Jan. 23, 2015

Apr. 28, 2014

Dec. 30, 2013

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

Wilmington Trust Company v. Morgan Stanley Mortgage Capital Holdings LLC et al.

Contingencies

Estimate of possible loss, maximum

152

Original principal balance of loans in trust

$ 516

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

Contingencies

Estimate of possible loss, minimum

252

Mortgage pass through certificate backed by securitization trusts original amount

$ 644

Mortgage pass through certificate backed by securitization trusts unpaid amount

$ 252

Mortgage pass through certificate incurred losses

$ 85

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 C81

Commitments, Guarantees and Contingencies (Commitments) (Details) $ in Millions	Sep. 30, 2016USD ($)
Commitment, Fiscal Year Maturity
Less than 1	$ 94,168
1-3 years	23,081
3-5 years	46,339
Over 5 years	2,181
Total	165,769
Letters of Credit and Other Financial Guarantees Obtained to Satisfy Collateral Requirements
Commitment, Fiscal Year Maturity
Less than 1	122
1-3 years	1
3-5 years	1
Over 5 years	42
Total	166
Investment Activities
Commitment, Fiscal Year Maturity
Less than 1	551
1-3 years	101
3-5 years	33
Over 5 years	273
Total	958
Lending Commitments | Corporate
Commitment, Fiscal Year Maturity
Less than 1	16,695
1-3 years	22,606
3-5 years	46,098
Over 5 years	1,556
Total	86,955
Commitments participated to third parties	5,700
Lending Commitments | Consumer
Commitment, Fiscal Year Maturity
Less than 1	5,555
1-3 years	2
3-5 years	0
Over 5 years	4
Total	5,561
Lending Commitments | Residential Real Estate
Commitment, Fiscal Year Maturity
Less than 1	79
1-3 years	43
3-5 years	96
Over 5 years	227
Total	445
Lending Commitments | Wholesale Real Estate
Commitment, Fiscal Year Maturity
Less than 1	118
1-3 years	328
3-5 years	111
Over 5 years	79
Total	636
Forward-starting Securities Purchased under Agreements to Resell and Securities Borrowed
Commitment, Fiscal Year Maturity
Less than 1	70,997
1-3 years	0
3-5 years	0
Over 5 years	0
Total	70,997
Commitments due in the next three business days	60,300
Underwriting Commitments
Commitment, Fiscal Year Maturity
Less than 1	51
1-3 years	0
3-5 years	0
Over 5 years	0
Total	$ 51

Commitments, Guarantees and C82

Commitments, Guarantees and Contingencies (Obligations under Guarantee Arrangements) (Details) $ in Millions	Sep. 30, 2016USD ($)
Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	$ 526,144
Carrying Amount (Asset)/Liability	(1,873)
Collateral/Recourse	0
Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	333
Carrying Amount (Asset)/Liability	(9)
Collateral/Recourse	0
Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	2,459,736
Carrying Amount (Asset)/Liability	73,892
Collateral/Recourse	0
Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	8,898
Carrying Amount (Asset)/Liability	(129)
Collateral/Recourse	6,886
Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	412
Carrying Amount (Asset)/Liability	2
Collateral/Recourse	6
Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,038
Carrying Amount (Asset)/Liability	(5)
Collateral/Recourse	5,404
Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	23,361
Carrying Amount (Asset)/Liability	8
Collateral/Recourse	0
Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	60,333
Carrying Amount (Asset)/Liability	103
Collateral/Recourse	0
General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	405
Carrying Amount (Asset)/Liability	50
Collateral/Recourse	0
Less than 1 Year | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	207,761
Less than 1 Year | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	55
Less than 1 Year | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	994,398
Less than 1 Year | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,177
Less than 1 Year | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	52
Less than 1 Year | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	3,038
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	8
1 - 3 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	178,588
1 - 3 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	18
1 - 3 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	644,322
1 - 3 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	651
1 - 3 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	254
1 - 3 Years | Liquidity Facilities
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | Whole Loan Sales Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	0
1 - 3 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	36
3 - 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	96,890
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	269,117
3 - 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	1,480
3 - 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	93
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	52
Over 5 Years | Credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	42,905
Over 5 Years | Other Credit Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	260
Over 5 Years | Non-credit Derivative Contracts
Guarantor Obligations
Maximum Potential Payout/Notional	551,899
Over 5 Years | Standby Letters of Credit and Other Financial Guarantees Issued
Guarantor Obligations
Maximum Potential Payout/Notional	5,590
Over 5 Years | Market Value Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	13
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	23,359
Over 5 Years | Securitizations Representations and Warranties
Guarantor Obligations
Maximum Potential Payout/Notional	60,333
Over 5 Years | General Partner Guarantees
Guarantor Obligations
Maximum Potential Payout/Notional	309
Primary and Secondary Lending Commitments
Guarantor Obligations
Standby letters of credit	$ 800

Variable Interest Entities an83

Variable Interest Entities and Securitization Activities (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Additional maximum exposure to losses	$ 78	$ 72
Securities issued by SPEs	13,300	12,900
Noncontrolling interests related to consolidated VIEs	$ 204	$ 37

Variable Interest Entities an84

Variable Interest Entities and Securitization Activities (Consolidated VIEs) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
VIE assets	$ 2,986	$ 2,600
VIE liabilities	410	436
Credit-linked Notes
Variable Interest Entity
VIE assets	901	900
VIE liabilities	0	0
Other Structured Financings
Variable Interest Entity
VIE assets	572	787
VIE liabilities	7	13
Mortgage and Asset-Backed Securitizations
Variable Interest Entity
VIE assets	597	668
VIE liabilities	371	423
Other
Variable Interest Entity
VIE assets	916	245
VIE liabilities	$ 32	$ 0

Variable Interest Entities an85

Variable Interest Entities and Securitization Activities (Assets and Liabilities by Balance Sheet Caption) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets
Cash and due from banks	$ 26,899	$ 19,827	$ 19,244
Trading assets, at fair value	273,151	239,505
Customer and other receivables	51,411	45,407
Goodwill	6,584	6,584
Intangible assets	2,747	2,984
Other Assets	49,123	51,087
Total assets	813,891	787,465
Liabilities
Other secured financings, at fair value	3,746	2,854
Other liabilities and accrued expenses	15,176	18,711
Total liabilities	735,429	711,281
Consolidated VIEs
Assets
Cash and due from banks	86	14
Trading assets, at fair value	1,889	1,842
Customer and other receivables	7	3
Goodwill	18	0
Intangible assets	138	0
Other Assets	848	741
Total assets	2,986	2,600
Liabilities
Other secured financings, at fair value	378	431
Other liabilities and accrued expenses	32	5
Total liabilities	$ 410	$ 436

Variable Interest Entities an86

Variable Interest Entities and Securitization Activities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Mortgage and Asset-Backed Securities
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	$ 120,846	$ 126,872
Maximum exposure to loss	13,219	13,855
Carrying value of exposure to loss - Assets	12,505	13,361
Mortgage and Asset-Backed Securities | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	12,505	13,361
Carrying value of exposure to loss - Assets	12,505	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
Mortgage and Asset-Backed Securities | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	714	494
Residential Mortgage
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	7,824	13,787
Residential Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	620	1,012
Commercial Mortgage
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	63,835	57,313
Commercial Mortgage | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	2,705	2,871
U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	18,744	13,236
U.S. Agency Collateralized Mortgage Obligations | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	3,532	2,763
Other Consumer and Commercial Loans
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	30,443	42,536
Other Consumer and Commercial Loans | Debt and Equity Interests
Variable Interest Entity
Carrying value of exposure to loss - Assets	5,648	6,715
Collateralized Debt Obligations
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	4,875	8,805
Maximum exposure to loss	937	1,490
Carrying value of exposure to loss - Assets	741	1,259
Collateralized Debt Obligations | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	741	1,259
Carrying value of exposure to loss - Assets	741	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
Collateralized Debt Obligations | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	196	231
Municipal Tender Option Bonds
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	5,070	4,654
Maximum exposure to loss	3,083	2,835
Carrying value of exposure to loss - Assets	18	6
Municipal Tender Option Bonds | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	45	1
Carrying value of exposure to loss - Assets	12	1
Municipal Tender Option Bonds | Derivative and Other Contracts
Variable Interest Entity
Maximum exposure to loss	3,038	2,834
Carrying value of exposure to loss - Assets	6	5
Municipal Tender Option Bonds | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	0	0
Other Structured Financings
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	4,597	2,201
Maximum exposure to loss	2,012	1,490
Carrying value of exposure to loss - Assets	1,248	685
Other Structured Financings | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	1,639	1,129
Carrying value of exposure to loss - Assets	1,248	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
Other Structured Financings | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	373	361
Other
Variable Interest Entity
VIE assets that the Firm does not consolidate (unpaid principal balance)	39,119	20,775
Maximum exposure to loss	5,420	4,143
Carrying value of exposure to loss - Assets	5,026	3,867
Other | Debt and Equity Interests
Variable Interest Entity
Maximum exposure to loss	5,011	3,854
Carrying value of exposure to loss - Assets	5,011	3,854
Other | Derivative and Other Contracts
Variable Interest Entity
Maximum exposure to loss	46	67
Carrying value of exposure to loss - Assets	15	13
Other | Commitments, Guarantees and Other
Variable Interest Entity
Maximum exposure to loss	$ 363	$ 222

Variable Interest Entities an87

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 1) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 33,085	$ 28,613
Derivative liabilities (fair value)	32,521	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,634	2,246
Interests purchased in the secondary market (fair value)	400	320
Derivative assets (fair value)	412	494
Derivative liabilities (fair value)	443	449
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	583	887
Interests purchased in the secondary market (fair value)	287	187
Special Purpose Entities | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	1,051	1,359
Interests purchased in the secondary market (fair value)	113	133
Special Purpose Entities | Residential Mortgage Loans
Variable Interest Entity
SPE assets (unpaid principal balance)	19,196	22,440
Retained interests (fair value)	6	160
Interests purchased in the secondary market (fair value)	24	60
Derivative assets (fair value)	0	0
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Residential Mortgage Loans | 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 Loans | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	6	160
Interests purchased in the secondary market (fair value)	24	60
Special Purpose Entities | Commercial Mortgage Loans
Variable Interest Entity
SPE assets (unpaid principal balance)	61,089	72,760
Retained interests (fair value)	137	301
Interests purchased in the secondary market (fair value)	220	151
Derivative assets (fair value)	301	343
Derivative liabilities (fair value)	0	0
Special Purpose Entities | Commercial Mortgage Loans | Investment Grade
Variable Interest Entity
Retained interests (fair value)	65	238
Interests purchased in the secondary market (fair value)	131	88
Special Purpose Entities | Commercial Mortgage Loans | Noninvestment Grade
Variable Interest Entity
Retained interests (fair value)	72	63
Interests purchased in the secondary market (fair value)	89	63
Special Purpose Entities | U.S. Agency Collateralized Mortgage Obligations
Variable Interest Entity
SPE assets (unpaid principal balance)	14,433	17,978
Retained interests (fair value)	518	649
Interests purchased in the secondary market (fair value)	156	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)	518	649
Interests purchased in the secondary market (fair value)	156	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)	11,497	12,235
Retained interests (fair value)	973	1,136
Interests purchased in the secondary market (fair value)	0	10
Derivative assets (fair value)	111	151
Derivative liabilities (fair value)	443	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)	973	1,136
Interests purchased in the secondary market (fair value)	$ 0	$ 10

Variable Interest Entities an88

Variable Interest Entities and Securitization Activities (Transfers of Assets with Continuing Involvement 2) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Derivative assets (fair value)	$ 33,085	$ 28,613
Derivative liabilities (fair value)	32,521	29,474
Special Purpose Entities
Variable Interest Entity
Retained interests (fair value)	1,634	2,246
Interests purchased in the secondary market (fair value)	400	320
Derivative assets (fair value)	412	494
Derivative liabilities (fair value)	443	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)	614	903
Interests purchased in the secondary market (fair value)	387	299
Derivative assets (fair value)	396	466
Derivative liabilities (fair value)	82	110
Special Purpose Entities | Level 3
Variable Interest Entity
Retained interests (fair value)	1,020	1,343
Interests purchased in the secondary market (fair value)	13	21
Derivative assets (fair value)	16	28
Derivative liabilities (fair value)	361	339
Special Purpose Entities | Investment Grade
Variable Interest Entity
Retained interests (fair value)	583	887
Interests purchased in the secondary market (fair value)	287	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)	583	886
Interests purchased in the secondary market (fair value)	287	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)	1,051	1,359
Interests purchased in the secondary market (fair value)	113	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)	31	17
Interests purchased in the secondary market (fair value)	100	112
Special Purpose Entities | Noninvestment Grade | Level 3
Variable Interest Entity
Retained interests (fair value)	1,020	1,342
Interests purchased in the secondary market (fair value)	$ 13	$ 21

Variable Interest Entities an89

Variable Interest Entities and Securitization Activities (Proceeds from retained interests in securitization transactions) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Securitization Activities and Variable Interest Entities [Abstract]
Proceeds received from new securitization transactions	$ 6,819	$ 6,105	$ 13,695	$ 17,270
Proceeds from retained interests in securitization transactions	768	476	1,901	2,082
Collateralized Loan Obligations | Special Purpose Entities
Variable Interest Entity
Maturities, payments and sales	$ 199	$ 121	$ 230	$ 1,086

Variable Interest Entities an90

Variable Interest Entities and Securitization Activities (CV and FV of Assets Sold and Retained Interest Exposure) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Fair value of derivative assets recognized in the condensed consolidated balance sheet	$ 33,085	$ 28,613
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	32,521	29,474
Equity Securities and OTC
Variable Interest Entity
Carrying value of assets derecognized at the time of sale and gross cash proceeds	9,792	7,878
Fair value of assets sold	9,900	7,935
Fair value of derivative assets recognized in the condensed consolidated balance sheet	118	97
Fair value of derivative liabilities recognized in the condensed consolidated balance sheet	$ 10	$ 40

Variable Interest Entities an91

Variable Interest Entities and Securitization Activities (Failed Sales) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity
Assets, carrying value	$ 269	$ 400
Liabilities, carrying value	$ 269	$ 400

Regulatory Requirements (Narrat

Regulatory Requirements (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Regulatory Requirements
Description of risk-based capital requirement	In addition 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 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% of 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 executive officers.
MS&Co.
Regulatory Requirements
Net capital	$ 10,170	$ 10,254
Amount of capital that exceeds the minimum required	8,093	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	3,858	3,613
Amount of capital that exceeds the minimum required	$ 3,711	$ 3,459

Regulatory Requirements (Regula

Regulatory Requirements (Regulatory Capital and Capital Ratios) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Balance
Common Equity Tier 1 capital, amount	$ 60,340	$ 59,409
Tier 1 capital, amount	67,603	66,722
Total capital, amount	78,838	79,403
Assets
Total RWAs	358,486	384,162
Adjusted average total assets	$ 809,927	$ 803,574
Ratio
Common Equity Tier 1 capital, ratio	16.80%	15.50%
Tier 1 capital, ratio	18.90%	17.40%
Total capital, ratio	22.00%	20.70%
Tier 1 leverage, ratio	8.30%	8.30%
Minimum Regulatory Capital Ratio
Common Equity Tier 1 capital, ratio, minimum	5.90%	4.50%
Tier 1 capital ratio, ratio, minimum	7.40%	6.00%
Total capital, ratio, minimum	9.40%	8.00%
Tier 1 leverage, ratio, minimum	4.00%	4.00%
MSBNA
Balance
Common Equity Tier 1 capital, amount	$ 13,105	$ 13,333
Tier 1 capital, amount	13,105	13,333
Total capital, amount	14,577	15,097
Tier 1 leverage capital, amount	$ 13,105	$ 13,333
Ratio
Common Equity Tier 1 capital, ratio	15.70%	15.10%
Tier 1 capital, ratio	15.70%	15.10%
Total capital, ratio	17.50%	17.10%
Tier 1 leverage, ratio	10.10%	10.20%
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
Balance
Common Equity Tier 1 capital, amount	$ 5,264	$ 4,197
Tier 1 capital, amount	5,264	4,197
Total capital, amount	5,298	4,225
Tier 1 leverage capital, amount	$ 5,264	$ 4,197
Ratio
Common Equity Tier 1 capital, ratio	26.50%	26.50%
Tier 1 capital, ratio	26.50%	26.50%
Total capital, ratio	26.70%	26.70%
Tier 1 leverage, ratio	10.50%	10.50%
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%

Regulatory Requirements (Signif

Regulatory Requirements (Significant U.S. Bank Operating Subsidiaries' Capital) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 60,340	$ 59,409
Tier 1 capital, amount	67,603	66,722
Total capital, amount	$ 78,838	$ 79,403
Ratio
Common Equity Tier 1 capital, ratio	16.80%	15.50%
Tier 1 capital, ratio	18.90%	17.40%
Total capital, ratio	22.00%	20.70%
Tier 1 leverage, ratio	8.30%	8.30%
MSBNA
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 13,105	$ 13,333
Tier 1 capital, amount	13,105	13,333
Total capital, amount	14,577	15,097
Tier 1 leverage capital, amount	$ 13,105	$ 13,333
Ratio
Common Equity Tier 1 capital, ratio	15.70%	15.10%
Tier 1 capital, ratio	15.70%	15.10%
Total capital, ratio	17.50%	17.10%
Tier 1 leverage, ratio	10.10%	10.20%
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
Regulatory Requirements
Common Equity Tier 1 capital, amount	$ 5,264	$ 4,197
Tier 1 capital, amount	5,264	4,197
Total capital, amount	5,298	4,225
Tier 1 leverage capital, amount	$ 5,264	$ 4,197
Ratio
Common Equity Tier 1 capital, ratio	26.50%	26.50%
Tier 1 capital, ratio	26.50%	26.50%
Total capital, ratio	26.70%	26.70%
Tier 1 leverage, ratio	10.50%	10.50%
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%

Total Equity (Narrative) (Detai

Total Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Dividends and Share Repurchases
Authorized repurchase amount of outstanding common stock	$ 3,500			$ 3,500
Common stock repurchased	$ 1,250		$ 625	$ 2,500	$ 1,500
Common Stock, Dividends, Per Share, Declared	$ 0.2	$ 0.15	$ 0.15	$ 0.5	$ 0.4
Preferred Stock
Preferred stock shares authorized	30			30
Dividends, preferred stock	$ 78		$ 78	$ 312	$ 297
Noncontrolling Interest
Noncontrolling interests	$ 1,313			$ 1,313		$ 1,002
Deconsolidation in net assets previously attributable to noncontrolling interests that were related to a real estate fund sponsored by the Firm					$ 191
Preferred Stock
Preferred Stock
Dividends declared date				Sep. 15, 2016
Shareholders of record, date				Sep. 30, 2016
Dividend payable date				Oct. 17, 2016

Total Equity (Preferred Stock O

Total Equity (Preferred Stock Outstanding) (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 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
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,100	1,100
Series C Preferred Stock
Class of Stock
Preferred stock shares outstanding	519,882
Liquidation preference per share	$ 1,000
Preferred stock carrying value	$ 408	408
Series C Preferred Stock | MUFG
Class of Stock
Preferred stock shares issued	1,160,791
Preferred stock purchase price	$ 911
Preferred stock redemption, shares	640,909
Preferred stock redemption, amount	$ 503
Conversion to common shares	$ 705
Series E Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,500
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 862	862
Series F Preferred Stock
Class of Stock
Preferred stock shares outstanding	34,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 850	850
Series G Preferred Stock
Class of Stock
Preferred stock shares outstanding	20,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 500	500
Series H Preferred Stock
Class of Stock
Preferred stock shares outstanding	52,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,300	1,300
Series I Preferred Stock
Class of Stock
Preferred stock shares outstanding	40,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series J Preferred Stock
Class of Stock
Preferred stock shares outstanding	60,000
Liquidation preference per share	$ 25,000
Preferred stock carrying value	$ 1,500	$ 1,500

Total Equity (Changes in AOCI b

Total Equity (Changes in AOCI by Component) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Beginning balance	$ (905)	$ (1,447)	$ (1,656)	$ (1,248)
Cumulative adjustment for accounting change related to DVA			(312)
Change in OCI before reclassifications	(138)	37	1,004	(130)
Amounts reclassified from AOCI	(27)	(9)	(106)	(41)
Net OCI during the period	(165)	28	898	(171)
Ending balance	(1,070)	(1,419)	(1,070)	(1,419)
Provision for (benefit from) income taxes resulting from reclassification related to AFS securities	(17)	(7)	(47)	(27)
Provision for (benefit from) income taxes resulting from reclassification related to DVA	2		(13)
Debt Valuation Adjustment
Beginning balance	33	0	0	0
Cumulative adjustment for accounting change related to DVA			(312)
Change in OCI before reclassifications	(94)	0	277	0
Amounts reclassified from AOCI	4	0	(22)	0
Net OCI during the period	(90)	0	255	0
Ending balance	(57)	0	(57)	0
Foreign Currency Translation Adjustments
Beginning balance	(779)	(833)	(963)	(663)
Cumulative adjustment for accounting change related to DVA			0
Change in OCI before reclassifications	25	(76)	209	(246)
Amounts reclassified from AOCI	0	0	0	0
Net OCI during the period	25	(76)	209	(246)
Ending balance	(754)	(909)	(754)	(909)
AFS Securities
Beginning balance	219	(101)	(319)	(73)
Cumulative adjustment for accounting change related to DVA			0
Change in OCI before reclassifications	(69)	111	521	118
Amounts reclassified from AOCI	(30)	(11)	(82)	(46)
Net OCI during the period	(99)	100	439	72
Ending balance	120	(1)	120	(1)
Pension, Postretirement and Other
Beginning balance	(378)	(513)	(374)	(512)
Cumulative adjustment for accounting change related to DVA			0
Change in OCI before reclassifications	0	2	(3)	(2)
Amounts reclassified from AOCI	1	2	(2)	5
Net OCI during the period	(1)	4	(5)	3
Ending balance	$ (379)	$ (509)	$ (379)	$ (509)

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic EPS:
Income from continuing operations	$ 1,632	$ 1,051	$ 4,442	$ 5,352
Income (loss) from discontinued operations	8	(2)	1	(9)
Net income	1,640	1,049	4,443	5,343
Net income applicable to noncontrolling interests	43	31	130	124
Net income applicable to Morgan Stanley	1,597	1,018	4,313	5,219
Less: Preferred dividends	(78)	(78)	(312)	(297)
Less: Allocation of (earnings) loss to participating RSUs	(1)	(1)	(2)	(4)
Earnings applicable to Morgan Stanley common shareholders	$ 1,518	$ 939	$ 3,999	$ 4,918
Weighted average common shares outstanding	1,838	1,904	1,863	1,916
Earnings per basic common share:
Income from continuing operations	$ 0.82	$ 0.49	$ 2.15	$ 2.57
Income (loss) from discontinued operations	0.01	0	0	0
Earnings (loss) per basic common share	$ 0.83	$ 0.49	$ 2.15	$ 2.57
Diluted EPS:
Earnings applicable to Morgan Stanley common shareholders	$ 1,518	$ 939	$ 3,999	$ 4,918
Weighted average common shares outstanding	1,838	1,904	1,863	1,916
Effect of dilutive securities:
Stock options and RSUs	41	45	35	42
Weighted average common shares outstanding and common stock equivalents	1,879	1,949	1,898	1,958
Earnings per diluted common share
Income from continuing operations	$ 0.8	$ 0.48	$ 2.11	$ 2.52
Income (loss) from discontinued operations	0.01	0	0	(0.01)
Earnings (loss) per diluted common share	$ 0.81	$ 0.48	$ 2.11	$ 2.51
Antidilutive securities outstanding	14	12	15	12

Interest Income and Interest 99

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income
Trading assets	$ 526	$ 568	$ 1,651	$ 1,707
Investment securities	289	211	762	650
Loans	698	560	2,026	1,573
Interest bearing deposits with banks	30	29	134	74
Securities purchased under agreements to resell and Securities borrowed	(118)	(99)	(315)	(404)
Customer receivables and Other	309	182	890	721
Total Interest income	1,734	1,451	5,148	4,321
Interest expense
Deposits	12	17	48	51
Short-term borrowings	(3)	7	12	16
Long-term borrowings	817	908	2,621	2,749
Securities sold under agreements to repurchase and Securities loaned	228	254	761	797
Customer payables and Other	(323)	(497)	(1,109)	(1,348)
Total Interest expense	731	689	2,333	2,265
Net interest	$ 1,003	$ 762	$ 2,815	$ 2,056

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Benefit Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of Net Periodic Benefit Expense (Income)
Service cost, benefits earned during the period	$ 6	$ 5	$ 14	$ 15
Interest cost on projected benefit obligation	38	39	115	116
Expected return on plan assets	(31)	(30)	(91)	(89)
Net amortization of prior service credit	(4)	(4)	(13)	(14)
Net amortization of actuarial loss	3	6	9	19
Net periodic benefit expense	$ 12	$ 16	$ 34	$ 47

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of the Effective Income Tax Rate) (Details) $ in Millions	9 Months Ended
	Sep. 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 Business Segment) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information
Total non-interest revenues	$ 7,906	$ 7,005	$ 22,795	$ 25,361
Interest income	1,734	1,451	5,148	4,321
Interest expense	731	689	2,333	2,265
Net interest	1,003	762	2,815	2,056
Net revenues	8,909	7,767	25,610	27,417
Income (loss) from continuing operations before income taxes	2,381	1,474	6,602	7,056
Provision (benefit) for income taxes	749	423	2,160	1,704
Income from continuing operations	1,632	1,051	4,442	5,352
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	8	(2)	1	(9)
Net income (loss)	1,640	1,049	4,443	5,343
Net income applicable to noncontrolling interests	43	31	130	124
Net income (loss) applicable to Morgan Stanley	1,597	1,018	4,313	5,219
Segment Reporting Information, Additional Information
Performance-based fee revenue at risk	419		419		$ 422
Reduction of fees	26	52	61	152
Intersegment Eliminations
Segment Reporting Information
Total non-interest revenues	(77)	(51)	(207)	(160)
Interest income	(226)	(151)	(669)	(394)
Interest expense	(226)	(151)	(669)	(394)
Net interest	0	0	0	0
Net revenues	(77)	(51)	(207)	(160)
Income (loss) from continuing operations before income taxes	0	0	0	0
Provision (benefit) 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	4,436	3,889	12,577	14,640
Interest income	980	825	2,999	2,418
Interest expense	863	810	2,731	2,524
Net interest	117	15	268	(106)
Net revenues	4,553	3,904	12,845	14,534
Income (loss) from continuing operations before income taxes	1,383	688	3,797	4,123
Provision (benefit) for income taxes	381	141	1,109	658
Income from continuing operations	1,002	547	2,688	3,465
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	8	(3)	1	(10)
Net income (loss)	1,010	544	2,689	3,455
Net income applicable to noncontrolling interests	44	26	144	100
Net income (loss) applicable to Morgan Stanley	966	518	2,545	3,355
Segment Reporting Information, Additional Information
Other Income tax benefit				564
Wealth Management
Segment Reporting Information
Total non-interest revenues	2,996	2,889	8,815	9,172
Interest income	979	777	2,813	2,296
Interest expense	94	26	268	119
Net interest	885	751	2,545	2,177
Net revenues	3,881	3,640	11,360	11,349
Income (loss) from continuing operations before income taxes	901	824	2,546	2,564
Provision (benefit) for income taxes	337	315	973	959
Income from continuing operations	564	509	1,573	1,605
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	0	0	0	0
Net income (loss)	564	509	1,573	1,605
Net income applicable to noncontrolling interests	0	0	0	0
Net income (loss) applicable to Morgan Stanley	564	509	1,573	1,605
Investment Management
Segment Reporting Information
Total non-interest revenues	551	278	1,610	1,709
Interest income	1	0	5	1
Interest expense	0	4	3	16
Net interest	1	(4)	2	(15)
Net revenues	552	274	1,612	1,694
Income (loss) from continuing operations before income taxes	97	(38)	259	369
Provision (benefit) for income taxes	31	(33)	78	87
Income from continuing operations	66	(5)	181	282
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes	0	1	0	1
Net income (loss)	66	(4)	181	283
Net income applicable to noncontrolling interests	(1)	5	(14)	24
Net income (loss) applicable to Morgan Stanley	$ 67	$ (9)	$ 195	$ 259

Segment and Geographic Infor103

Segment and Geographic Information (Assets by Segments) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Segment Reporting Information
Assets	$ 813,891	$ 787,465
Institutional Securities
Segment Reporting Information
Assets	634,648	602,714
Wealth Management
Segment Reporting Information
Assets	174,521	179,708
Investment Management
Segment Reporting Information
Assets	$ 4,722	$ 5,043

Segment and Geographic Infor104

Segment and Geographic Information (Net Revenues by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information
Net Revenues	$ 8,909	$ 7,767	$ 25,610	$ 27,417
Americas
Segment Reporting Information
Net Revenues	6,624	5,652	18,914	19,359
EMEA
Segment Reporting Information
Net Revenues	1,236	1,198	3,677	4,396
Asia-Pacific
Segment Reporting Information
Net Revenues	$ 1,049	$ 917	$ 3,019	$ 3,662

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Billions	Oct. 27, 2016	Oct. 24, 2016	Oct. 19, 2016	Oct. 28, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Subsequent Event
Dividends declared per common share					$ 0.2	$ 0.15	$ 0.15	$ 0.5	$ 0.4
Subsequent Event
Subsequent Event
Dividends declared per common share			$ 0.2
Dividends declared date			Oct. 19, 2016
Dividend payable date			Nov. 15, 2016
Shareholders of record, date			Oct. 31, 2016
Increase in long-term borrowings				$ 2.2
Subsequent Event | Senior Debt
Subsequent Event
Debt issuances	$ 3	$ 2.5