Morgan Stanley (MS) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document Information [Line Items]
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000895421
Current Fiscal Year End Date	--12-31
Entity Registrant Name	MORGAN STANLEY
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Entity File Number	1-11758
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1585 Broadway
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
Entity Tax Identification Number	36-3145972
City Area Code	(212)
Local Phone Number	761-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,618,597,895
Document Quarterly Report	true
Document Transition Report	false
Common Stock, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MS
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series A, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series A, $0.01 par value
Trading Symbol	MS/PA
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series E, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series E, $0.01 par value
Trading Symbol	MS/PE
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series F, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series F, $0.01 par value
Trading Symbol	MS/PF
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series G, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series G, $0.01 par value
Trading Symbol	MS/PG
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series I, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series I, $0.01 par value
Trading Symbol	MS/PI
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series K, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series K, $0.01 par value
Trading Symbol	MS/PK
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Trading Symbol	MS/26C
Security Exchange Name	NYSE
Market Vectors ETNs due March 31, 2020 (two issuances)
Document Information [Line Items]
Title of 12(b) Security	Market Vectors ETNs due March 31, 2020 (two issuances)
Trading Symbol	URR/DDR
Security Exchange Name	NYSEArca
Market Vectors ETNs due April 30, 2020 (two issuances)
Document Information [Line Items]
Title of 12(b) Security	Market Vectors ETNs due April 30, 2020 (two issuances)
Trading Symbol	CNY/INR
Security Exchange Name	NYSEArca
Morgan Stanley Cushing® MLP High Income Index ETNs due March 21, 2031
Document Information [Line Items]
Title of 12(b) Security	Morgan Stanley Cushing® MLP High Income Index ETNs due March 21, 2031
Trading Symbol	MLPY
Security Exchange Name	NYSEArca

Consolidated Income Statements

Consolidated Income Statements - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Investment banking	$ 1,635	$ 1,567	$ 4,467	$ 4,994
Trading	2,608	2,752	8,781	9,815
Investments	87	136	801	409
Commissions and fees	990	932	2,935	3,144
Asset management	3,363	3,251	9,632	9,632
Other	131	298	685	748
Total non-interest revenues	8,814	8,936	27,301	28,742
Interest income	4,350	3,627	13,146	9,781
Interest expense	3,132	2,691	9,885	6,964
Net interest	1,218	936	3,261	2,817
Net revenues	10,032	9,872	30,562	31,559
Non-interest expenses
Compensation and benefits	4,427	4,310	13,609	13,845
Occupancy and equipment	353	351	1,053	1,033
Brokerage, clearing and exchange fees	637	559	1,860	1,795
Information processing and communications	557	513	1,627	1,487
Marketing and business development	157	152	460	471
Professional services	531	570	1,582	1,660
Other	660	566	1,803	1,888
Total non-interest expenses	7,322	7,021	21,994	22,179
Income from continuing operations before income taxes	2,710	2,851	8,568	9,380
Provision for income taxes	492	696	1,636	2,050
Income from continuing operations	2,218	2,155	6,932	7,330
Income (loss) from discontinued operations, net of income taxes	0	(1)	0	(5)
Net income	2,218	2,154	6,932	7,325
Net income applicable to noncontrolling interests	45	42	129	108
Net income applicable to Morgan Stanley	2,173	2,112	6,803	7,217
Preferred stock dividends	113	93	376	356
Earnings applicable to Morgan Stanley common shareholders	$ 2,060	$ 2,019	$ 6,427	$ 6,861
Earnings per common share
Basic (USD per share)	$ 1.28	$ 1.19	$ 3.94	$ 3.99
Diluted (USD per share)	$ 1.27	$ 1.17	$ 3.89	$ 3.92
Average common shares outstanding
Basic (shares)	1,604	1,697	1,632	1,719
Diluted (shares)	1,627	1,727	1,653	1,749

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statements - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 2,218	$ 2,154	$ 6,932	$ 7,325
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(99)	(79)	(56)	(154)
Change in net unrealized gains (losses) on available-for-sale securities	214	(171)	1,252	(707)
Pension, postretirement and other	3	5	7	16
Change in net debt valuation adjustment	337	(743)	(529)	347
Total other comprehensive income (loss)	455	(988)	674	(498)
Comprehensive income	2,673	1,166	7,606	6,827
Net income applicable to noncontrolling interests	45	42	129	108
Other comprehensive income (loss) applicable to noncontrolling interests	2	(59)	(20)	4
Comprehensive income applicable to Morgan Stanley	$ 2,626	$ 1,183	$ 7,497	$ 6,715

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 35,721	$ 30,541
Interest bearing deposits with banks	13,196	21,299
Restricted cash	30,739	35,356
Trading assets at fair value ($116,506 and $120,437 were pledged to various parties)	277,423	266,299
Investment securities (includes $64,714 and $61,061 at fair value)	105,790	91,832
Securities purchased under agreements to resell (includes $4 and $— at fair value)	93,367	98,522
Securities borrowed	132,401	116,313
Customer and other receivables	59,514	53,298
Held for investment (net of allowance of $297 and $238)	110,815	99,815
Held for sale	14,707	15,764
Goodwill	7,139	6,688
Intangible assets (net of accumulated amortization of $3,124 and $2,877)	2,211	2,163
Other assets	19,581	15,641
Total assets	902,604	853,531
Liabilities
Deposits (includes $1,622 and $442 at fair value)	180,738	187,820
Trading liabilities at fair value	143,405	126,747
Securities sold under agreements to repurchase (includes $732 and $812 at fair value)	59,462	49,759
Securities loaned	9,691	11,908
Other secured financings (includes $6,352 and $5,245 at fair value)	9,836	9,466
Customer and other payables	202,915	179,559
Other liabilities and accrued expenses	19,348	17,204
Borrowings (includes $61,654 and $51,184 at fair value)	193,659	189,662
Total liabilities	819,054	772,125
Commitments and contingent liabilities (see Note 11)
Equity
Preferred stock	8,520	8,520
Common stock	20	20
Additional paid-in capital	23,649	23,794
Retained earnings	69,071	64,175
Employee stock trusts	2,865	2,836
Accumulated other comprehensive income (loss)	(1,598)	(2,292)
Common stock held in treasury at cost, $0.01 par value (415,306,901 and 339,065,036 shares)	(17,280)	(13,971)
Common stock issued to employee stock trusts	(2,865)	(2,836)
Total Morgan Stanley shareholders’ equity	82,382	80,246
Noncontrolling interests	1,168	1,160
Total equity	83,550	81,406
Total liabilities and equity	$ 902,604	$ 853,531

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trading assets pledged to various parties	$ 116,506	$ 120,437
Investment securities at fair value	64,714	61,061
Securities purchased under agreement to resell at fair value	4	0
Loans held for investment, allowance	297	238
Intangible assets, accumulated amortization	3,124	2,877
Deposits at fair value	1,622	442
Securities sold under agreement to repurchase at fair value	732	812
Other secured financings at fair value	6,352	5,245
Borrowings at fair value	$ 61,654	$ 51,184
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	3,500,000,000	3,500,000,000
Common stock issued (shares)	2,038,893,979	2,038,893,979
Common stock outstanding (shares)	1,623,587,078	1,699,828,943
Common stock held in treasury (shares)	415,306,901	339,065,036

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 beginning of period at Dec. 31, 2017					$ 23,545	$ 57,577		$ 2,907	$ (3,060)	$ (9,211)	$ (2,907)	$ 1,075
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity					119			(110)		759	110
Net income applicable to Morgan Stanley		$ 7,217				7,217
Preferred stock dividends		(356)				(356)	[1]
Common stock dividends	[1]					(1,414)
Repurchases of common stock and employee tax withholdings										(4,380)
Net income applicable to noncontrolling interests		108										108
Net change in Accumulated other comprehensive income (loss)		(498)							(502)			4
Other net increases (decreases)					0							184
Balance at end of period at Sep. 30, 2018		80,074	$ 8,520	$ 20	23,664	63,330		2,797	(3,999)	(12,832)	(2,797)	1,371
Balance at beginning of period at Jun. 30, 2018					23,454	61,835		2,829	(3,070)	(11,650)	(2,829)	1,397
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity					210			(32)		25	32
Net income applicable to Morgan Stanley		2,112				2,112
Preferred stock dividends		(93)				(93)	[1]
Common stock dividends	[1]					(524)
Repurchases of common stock and employee tax withholdings										(1,207)
Net income applicable to noncontrolling interests		42										42
Net change in Accumulated other comprehensive income (loss)		(988)							(929)			(59)
Other net increases (decreases)					0							(9)
Balance at end of period at Sep. 30, 2018		80,074	8,520	20	23,664	63,330		2,797	(3,999)	(12,832)	(2,797)	1,371
Balance at beginning of period at Dec. 31, 2018		81,406			23,794	64,175		2,836	(2,292)	(13,971)	(2,836)	1,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity					(154)			29		1,138	(29)
Net income applicable to Morgan Stanley		6,803				6,803
Preferred stock dividends		(376)				(376)	[1]
Common stock dividends	[1]					(1,594)
Repurchases of common stock and employee tax withholdings										(4,447)
Net income applicable to noncontrolling interests		129										129
Net change in Accumulated other comprehensive income (loss)		674							694			(20)
Other net increases (decreases)					9							(101)
Balance at end of period at Sep. 30, 2019		83,550	8,520	20	23,649	69,071		2,865	(1,598)	(17,280)	(2,865)	1,168
Balance at beginning of period at Jun. 30, 2019					23,446	67,588		2,889	(2,051)	(15,799)	(2,889)	1,121
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity					196			(24)		57	24
Net income applicable to Morgan Stanley		2,173				2,173
Preferred stock dividends		(113)				(113)	[1]
Common stock dividends	[1]					(577)
Repurchases of common stock and employee tax withholdings										(1,538)
Net income applicable to noncontrolling interests		45										45
Net change in Accumulated other comprehensive income (loss)		455							453			2
Other net increases (decreases)					7							0
Balance at end of period at Sep. 30, 2019		$ 83,550	$ 8,520	$ 20	$ 23,649	$ 69,071		$ 2,865	$ (1,598)	$ (17,280)	$ (2,865)	$ 1,168
[1]	See Note 14 for information regarding dividends per share for common stock and each class of preferred stock.

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statements - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net income	$ 6,932	$ 7,325
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Stock-based compensation expense	825	743
Depreciation and amortization	1,987	1,375
(Release of) Provision for credit losses on lending activities	104	(27)
Other operating adjustments	(114)	(27)
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	17,036	10,039
Securities borrowed	(16,088)	(18,479)
Securities loaned	(2,217)	(1,759)
Customer and other receivables and other assets	(5,135)	(4,092)
Customer and other payables and other liabilities	22,721	310
Securities purchased under agreements to resell	5,155	15,172
Securities sold under agreements to repurchase	9,703	3,904
Net cash provided by (used for) operating activities	40,909	14,484
Proceeds from (payments for):
Other assets—Premises, equipment and software, net	(1,460)	(1,361)
Changes in loans, net	(10,079)	(7,697)
Investment securities:
Purchases	(35,078)	(16,836)
Proceeds from sales	13,561	2,947
Proceeds from paydowns and maturities	8,183	9,126
Other investing activities	(848)	(245)
Net cash provided by (used for) investing activities	(25,721)	(14,066)
Net proceeds from (payments for):
Other secured financings	(587)	(1,874)
Deposits	(7,084)	15,749
Proceeds from issuance of Borrowings	23,697	34,233
Payments for:
Borrowings	(30,391)	(28,235)
Repurchases of common stock and employee tax withholdings	(4,447)	(4,380)
Cash dividends	(2,082)	(1,788)
Other financing activities	(286)	(343)
Net cash provided by (used for) financing activities	(21,180)	13,362
Effect of exchange rate changes on cash and cash equivalents	(1,548)	(1,694)
Net increase (decrease) in cash and cash equivalents	(7,540)	12,086
Cash and cash equivalents, at beginning of period	87,196	80,395
Cash and cash equivalents, at end of period	79,656	92,481
Cash and cash equivalents:
Cash and cash equivalents, at end of period	87,196	80,395
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	9,760	6,818
Cash payments for income taxes, net of refunds	$ 1,603	$ 1,009

Introduction and Basis of Prese

Introduction and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Introduction and Basis of Presentation The Firm Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments—Institutional Securities, Wealth Management and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Unless the context otherwise requires, the terms “Morgan Stanley” or the “Firm” mean Morgan Stanley (the “Parent Company”) together with its consolidated subsidiaries. See the “Glossary of Common Acronyms” for definitions of certain acronyms used throughout this Form 10-Q. A description of the clients and principal products and services of each of the Firm’s business segments is as follows: Institutional Securities provides investment banking, sales and trading, lending and other services to corporations, governments, financial institutions, and high to ultra-high net worth clients. Investment banking services consist of capital raising and financial advisory services, including services relating to the underwriting of debt, equity and other securities, as well as advice on mergers and acquisitions, restructurings, real estate and project finance. Sales and trading services include sales, financing, prime brokerage and market-making activities in equity and fixed income products, including foreign exchange and commodities. Lending activities include originating corporate loans, commercial mortgage lending, providing secured lending facilities and extending financing to sales and trading customers. Other activities include investments and research. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering brokerage and investment advisory services; financial and wealth planning services; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking and retirement plan services. Investment Management provides a broad range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Strategies and products include equity, fixed income, liquidity and alternative/other products. Institutional clients include defined benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors and corporations. Individual clients are served through intermediaries, including affiliated and non-affiliated distributors. Basis of Financial Information The unaudited consolidated financial statements (“financial statements”) are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the 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 financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. Intercompany balances and transactions have been eliminated. Certain reclassifications have been made to prior periods to conform to the current presentation. The Firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2018 Form 10-K . Certain footnote disclosures included in the 2018 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year. Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 12). For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The net income attributable to noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the consolidated income statements (“income statements”). The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as noncontrolling interests, a component of total equity, in the consolidated balance sheets (“balance sheets”). For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2018 Form 10-K .

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For a detailed discussion about the Firm’s significant accounting policies and for further information on accounting updates adopted in the prior year, see Note 2 to the financial statements in the 2018 Form 10-K . During the nine months ended September 30, 2019 (“current year period”), there were no significant revisions to the Firm’s significant accounting policies, other than for the accounting updates adopted. Accounting Updates Adopted The Firm adopted the following accounting updates on January 1, 2019. Prior periods are presented under previous policies. Leases Upon the adoption of Leases, the Firm began recognizing in the balance sheet leases with terms exceeding one year as right-of-use (“ROU”) assets and corresponding liabilities. The adoption resulted in an increase to Retained earnings of approximately $63 million , net of tax, related to deferred revenue from previously recorded sale-leaseback transactions. At transition on January 1, 2019, the adoption also resulted in a balance sheet gross-up of approximately $4 billion reflected in Other assets and Other liabilities and accrued expenses. See Note 11 for lease disclosures, including amounts reflected in the September 30, 2019 balance sheet. Prior period amounts were not restated. As allowed by the guidance, the Firm elected not to reassess the following at transition: whether existing contracts are or contain leases, and for existing leases, lease classification and initial direct costs. In addition, the Firm continues to account for existing land easements as service contracts. Both at transition and for new leases thereafter, ROU assets and lease liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term, including non-lease components such as fixed common area maintenance costs and other fixed costs such as real estate taxes and insurance. The discount rates used in determining the present value of leases are the Firm’s incremental borrowing rates, developed based upon each lease’s term and currency of payment. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Firm will exercise that option. For operating leases, the ROU assets also include any prepaid lease payments and initial direct costs incurred and are reduced by lease incentives. For these leases, lease expense is recognized on a straight-line basis over the lease term if the ROU asset has not been impaired or abandoned. Derivatives and Hedging (ASU 2018-16) The amendments in this update permit use of the OIS rate based on the Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes. The Firm adopted this update on a prospective basis for qualifying new or redesignated hedging relationships. This update did not impact the Firm’s pre-existing hedges. Goodwill

Fair Values

Fair Values	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Values	Fair Values Recurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis At September 30, 2019 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 44,129 $ 25,280 $ 18 $ — $ 69,427 Other sovereign government obligations 33,333 5,512 12 — 38,857 State and municipal securities — 3,080 1 — 3,081 MABS — 1,593 401 — 1,994 Loans and lending commitments 2 — 5,155 4,869 — 10,024 Corporate and other debt — 21,646 1,390 — 23,036 Corporate equities 3 92,191 459 103 — 92,753 Derivative and other contracts: Interest rate 1,965 220,709 1,502 — 224,176 Credit — 6,870 849 — 7,719 Foreign exchange 55 64,477 100 — 64,632 Equity 982 46,836 1,082 — 48,900 Commodity and other 1,305 6,866 3,099 — 11,270 Netting 1 (3,686 ) (265,103 ) (1,122 ) (54,162 ) (324,073 ) Total derivative and other contracts 621 80,655 5,510 (54,162 ) 32,624 Investments 4 514 200 785 — 1,499 Physical commodities — 1,022 — — 1,022 Total trading assets 170,788 144,602 13,089 (54,162 ) 274,317 Investment securities—AFS 34,931 29,783 — — 64,714 Securities purchased under agreements to resell — 4 — — 4 Total assets at fair value $ 205,719 $ 174,389 $ 13,089 $ (54,162 ) $ 339,035 At September 30, 2019 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 1,477 $ 145 $ — $ 1,622 Trading liabilities: U.S. Treasury and agency securities 12,826 194 1 — 13,021 Other sovereign government obligations 22,090 1,593 3 — 23,686 Corporate and other debt — 7,968 4 — 7,972 Corporate equities 3 63,197 95 32 — 63,324 Derivative and other contracts: Interest rate 1,730 211,860 714 — 214,304 Credit — 7,361 744 — 8,105 Foreign exchange 13 66,223 48 — 66,284 Equity 987 46,484 2,463 — 49,934 Commodity and other 1,324 6,456 1,125 — 8,905 Netting 1 (3,686 ) (265,103 ) (1,122 ) (42,219 ) (312,130 ) Total derivative and other contracts 368 73,281 3,972 (42,219 ) 35,402 Total trading liabilities 98,481 83,131 4,012 (42,219 ) 143,405 Securities sold under agreements to repurchase — 732 — — 732 Other secured financings — 6,242 110 — 6,352 Borrowings — 58,116 3,538 — 61,654 Total liabilities at fair value $ 98,481 $ 149,698 $ 7,805 $ (42,219 ) $ 213,765 At December 31, 2018 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,767 $ 29,594 $ 54 $ — $ 68,415 Other sovereign government obligations 28,395 5,529 17 — 33,941 State and municipal securities — 3,161 148 — 3,309 MABS — 2,154 354 — 2,508 Loans and lending commitments 2 — 4,055 6,870 — 10,925 Corporate and other debt — 18,129 1,076 — 19,205 Corporate equities 3 93,626 522 95 — 94,243 Derivative and other contracts: Interest rate 2,793 155,027 1,045 — 158,865 Credit — 5,707 421 — 6,128 Foreign exchange 62 63,023 161 — 63,246 Equity 1,256 45,596 1,022 — 47,874 Commodity and other 963 8,517 2,992 — 12,472 Netting 1 (4,151 ) (210,190 ) (896 ) (44,175 ) (259,412 ) Total derivative and other contracts 923 67,680 4,745 (44,175 ) 29,173 Investments 4 412 293 757 — 1,462 Physical commodities — 536 — — 536 Total trading assets 162,123 131,653 14,116 (44,175 ) 263,717 Investment securities—AFS 36,399 24,662 — — 61,061 Intangible assets — 5 — — 5 Total assets at fair value $ 198,522 $ 156,320 $ 14,116 $ (44,175 ) $ 324,783 At December 31, 2018 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 415 $ 27 $ — $ 442 Trading liabilities: U.S. Treasury and agency securities 11,272 543 — — 11,815 Other sovereign government obligations 21,391 1,454 — — 22,845 Corporate and other debt — 8,550 1 — 8,551 Corporate equities 3 56,064 199 15 — 56,278 Derivative and other contracts: Interest rate 2,927 142,746 427 — 146,100 Credit — 5,772 381 — 6,153 Foreign exchange 41 63,379 86 — 63,506 Equity 1,042 47,091 2,507 — 50,640 Commodity and other 1,228 6,872 940 — 9,040 Netting 1 (4,151 ) (210,190 ) (896 ) (32,944 ) (248,181 ) Total derivative and other contracts 1,087 55,670 3,445 (32,944 ) 27,258 Total trading liabilities 89,814 66,416 3,461 (32,944 ) 126,747 Securities sold under agreements to repurchase — 812 — — 812 Other secured financings — 5,037 208 — 5,245 Borrowings — 47,378 3,806 — 51,184 Total liabilities at fair value $ 89,814 $ 120,058 $ 7,502 $ (32,944 ) $ 184,430 MABS — Mortgage- and asset-backed securities 1. For positions with the same counterparty classified in different levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within the column for that level. For further information on derivative instruments and hedging activities, see Note 4. 2. For a further breakdown by type, see the following Breakdown of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes. 4. Amounts exclude certain investments that are measured based on NAV per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Net Asset Value Measurements — Fund Interests” herein. Breakdown of Loans and Lending Commitments at Fair Value $ in millions At At Corporate $ 7,387 $ 9,171 Residential real estate 1,206 1,153 Commercial real estate 1,431 601 Total $ 10,024 $ 10,925 Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables, net $ 501 $ 615 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables. For a description of the valuation techniques applied to the Firm’s major categories of assets and liabilities measured at fair value on a recurring basis, see Note 3 to the financial statements in the 2018 Form 10-K . During the current year period, there were no significant revisions made to the Firm’s valuation techniques. Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Assets at Fair value U.S. Treasury and agency securities Beginning balance $ 5 $ — $ 54 $ — Purchases 11 5 18 5 Sales — — (54 ) — Net transfers 2 — — — Ending balance $ 18 $ 5 $ 18 $ 5 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 10 $ 5 $ 17 $ 1 Realized and unrealized gains (losses) (3 ) — (2 ) — Purchases 2 32 13 35 Sales (2 ) (2 ) (6 ) — Settlements — — — — Net transfers 5 1 (10 ) — Ending balance $ 12 $ 36 $ 12 $ 36 Unrealized gains (losses) $ (3 ) $ — $ (2 ) $ — State and municipal securities Beginning balance $ 16 $ 2 $ 148 $ 8 Realized and unrealized gains (losses) — — — — Purchases — 2 — 3 Sales (2 ) — (43 ) (7 ) Net transfers (13 ) — (104 ) — Ending balance $ 1 $ 4 $ 1 $ 4 Unrealized gains (losses) $ — $ — $ — $ — MABS Beginning balance $ 480 $ 327 $ 354 $ 423 Realized and unrealized gains (losses) (10 ) (1 ) (9 ) 88 Purchases 5 23 66 73 Sales (58 ) (46 ) (157 ) (317 ) Settlements — (14 ) (39 ) (16 ) Net transfers (16 ) 27 186 65 Ending balance $ 401 $ 316 $ 401 $ 316 Unrealized gains (losses) $ (8 ) $ (8 ) $ (38 ) $ (6 ) Loans and lending commitments Beginning balance $ 5,604 $ 6,923 $ 6,870 $ 5,945 Realized and unrealized gains (losses) (51 ) 17 3 16 Purchases and originations 852 2,076 1,934 4,030 Sales (464 ) (1,184 ) (1,541 ) (978 ) Settlements (811 ) (777 ) (2,130 ) (1,926 ) Net transfers (261 ) (320 ) (267 ) (352 ) Ending balance $ 4,869 $ 6,735 $ 4,869 $ 6,735 Unrealized gains (losses) $ (55 ) $ 12 $ 283 $ (8 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Corporate and other debt Beginning balance $ 1,364 $ 701 $ 1,076 $ 701 Realized and unrealized gains (losses) 157 (4 ) 269 51 Purchases 341 109 632 276 Sales (474 ) (153 ) (587 ) (227 ) Settlements — (6 ) (7 ) (8 ) Net transfers 2 63 7 (83 ) Ending balance $ 1,390 $ 710 $ 1,390 $ 710 Unrealized gains (losses) $ 114 $ 9 $ 217 $ 16 Corporate equities Beginning balance $ 98 $ 171 $ 95 $ 166 Realized and unrealized gains (losses) 1 (7 ) (41 ) 17 Purchases 5 15 44 69 Sales (16 ) (50 ) (268 ) (134 ) Net transfers 15 (23 ) 273 (12 ) Ending balance $ 103 $ 106 $ 103 $ 106 Unrealized gains (losses) $ 7 $ 5 $ (38 ) $ 14 Investments Beginning balance $ 785 $ 941 $ 757 $ 1,020 Realized and unrealized gains (losses) (15 ) 5 19 5 Purchases 7 72 28 134 Sales (7 ) (103 ) (43 ) (209 ) Net transfers 15 (97 ) 24 (132 ) Ending balance $ 785 $ 818 $ 785 $ 818 Unrealized gains (losses) $ (12 ) $ 2 $ 22 $ 5 Net derivative and other contracts: Interest rate Beginning balance $ 816 $ 567 $ 618 $ 1,218 Realized and unrealized gains (losses) (40 ) (3 ) 143 (46 ) Purchases 69 12 132 84 Issuances (11 ) (9 ) (22 ) (38 ) Settlements 2 (2 ) 16 (92 ) Net transfers (48 ) 12 (99 ) (549 ) Ending balance $ 788 $ 577 $ 788 $ 577 Unrealized gains (losses) $ 120 $ 24 $ 214 $ (47 ) Credit Beginning balance $ (138 ) $ (2 ) $ 40 $ 41 Realized and unrealized gains (losses) (183 ) (39 ) 36 (17 ) Purchases 44 4 103 9 Issuances (19 ) — (162 ) (40 ) Settlements 389 58 90 30 Net transfers 12 — (2 ) (2 ) Ending balance $ 105 $ 21 $ 105 $ 21 Unrealized gains (losses) $ 20 $ (41 ) $ 41 $ (20 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Foreign exchange Beginning balance $ (29 ) $ (26 ) $ 75 $ (112 ) Realized and unrealized gains (losses) 67 (35 ) (83 ) 71 Purchases — — — 2 Issuances — — — (48 ) Settlements 5 2 — 43 Net transfers 9 15 60 — Ending balance $ 52 $ (44 ) $ 52 $ (44 ) Unrealized gains (losses) $ 79 $ (9 ) $ 26 $ 1 Equity Beginning balance $ (1,715 ) $ (1,535 ) $ (1,485 ) $ 1,208 Realized and unrealized gains (losses) (61 ) (149 ) 59 83 Purchases 36 29 75 120 Issuances (207 ) (138 ) (227 ) (1,052 ) Settlements (56 ) 84 (173 ) 319 Net transfers 622 38 370 (2,349 ) Ending balance $ (1,381 ) $ (1,671 ) $ (1,381 ) $ (1,671 ) Unrealized gains (losses) $ (86 ) $ (132 ) $ 81 $ 19 Commodity and other Beginning balance $ 1,861 $ 2,032 $ 2,052 $ 1,446 Realized and unrealized gains (losses) 120 (29 ) 35 332 Purchases 126 — 145 80 Issuances (36 ) (11 ) (71 ) (18 ) Settlements (107 ) (1 ) (307 ) 17 Net transfers 10 29 120 163 Ending balance $ 1,974 $ 2,020 $ 1,974 $ 2,020 Unrealized gains (losses) $ 33 $ (105 ) $ (89 ) $ 33 Liabilities at Fair Value Deposits Beginning balance $ 138 $ 37 $ 27 $ 47 Realized and unrealized losses (gains) 5 2 16 (1 ) Issuances 23 11 70 27 Settlements (8 ) — (12 ) (2 ) Net transfers (13 ) 23 44 2 Ending balance $ 145 $ 73 $ 145 $ 73 Unrealized losses (gains) $ 5 $ 2 $ 16 $ (1 ) Nonderivative trading liabilities Beginning balance $ 36 $ 25 $ 16 $ 25 Realized and unrealized losses (gains) (7 ) — (37 ) (4 ) Purchases (13 ) (12 ) (31 ) (15 ) Sales 6 3 36 12 Net transfers 18 (2 ) 56 (4 ) Ending balance $ 40 $ 14 $ 40 $ 14 Unrealized losses (gains) $ (7 ) $ — $ (37 ) $ (4 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Securities sold under agreements to repurchase Beginning balance $ — $ — $ — $ 150 Net transfers — — — (150 ) Ending balance $ — $ — $ — $ — Unrealized losses (gains) $ — $ — $ — $ — Other secured financings Beginning balance $ 154 $ 170 $ 208 $ 239 Realized and unrealized losses (gains) (1 ) 2 5 (16 ) Issuances — — — 8 Settlements — — (8 ) (18 ) Net transfers (43 ) — (95 ) (41 ) Ending balance $ 110 $ 172 $ 110 $ 172 Unrealized losses (gains) $ (1 ) $ 2 $ 5 $ (16 ) Borrowings Beginning balance $ 3,939 $ 3,295 $ 3,806 $ 2,984 Realized and unrealized losses (gains) 88 56 498 (156 ) Issuances 201 344 610 1,275 Settlements (260 ) (81 ) (438 ) (339 ) Net transfers (430 ) 6 (938 ) (144 ) Ending balance $ 3,538 $ 3,620 $ 3,538 $ 3,620 Unrealized losses (gains) $ 91 $ 55 $ 459 $ (168 ) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (23 ) 82 68 (45 ) Level 3 instruments may be hedged with instruments classified in Level 1 and/or Level 2. The realized and unrealized gains (losses) for assets and liabilities within the Level 3 category presented in the previous tables do not reflect the related realized and unrealized gains (losses) on hedging instruments that have been classified by the Firm within the Level 1 and/or Level 2 categories. The unrealized gains (losses) during the period for assets and liabilities within the Level 3 category may include changes in fair value during the period that were attributable to both observable and unobservable inputs. Total realized and unrealized gains (losses) are primarily included in Trading revenues in the income statements. Additionally, in the previous tables, consolidations of VIEs are included in Purchases and deconsolidations of VIEs are included in Settlements. Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Valuation Techniques and Unobservable Inputs Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Assets Measured at Fair Value on a Recurring Basis MABS $ 401 $ 354 Comparable pricing: Bond price 0 to 97 points 0 to 97 points Loans and lending commitments $ 4,869 $ 6,870 Margin loan model: Discount rate 1% to 7% (2%) 1% to 7% (2%) Volatility skew 17% to 73% (27%) 19% to 56% (28%) Credit Spread 9 to 41 bps (26 bps) 14 to 90 bps (36 bps) Comparable pricing: Loan price 70 to 100 points 60 to 101 points Corporate and other debt $ 1,390 $ 1,076 Comparable pricing: Bond price 12 to 105 points 12 to 100 points Discounted cash flow: Recovery rate 36 % 20 % Discount rate N/M 15% to 21% (16%) Option model: At the money volatility 21 % 24% to 78% (50%) Corporate equities $ 103 $ 95 Comparable pricing: Equity price 100 % 100 % Investments $ 785 $ 757 Discounted cash flow: WACC 15% to 16% (15%) 9% to 15% (10%) Exit multiple 7 to 16 times (11 times) 7 to 10 times (10 times) Market approach: EBITDA multiple 7 to 25 times (11 times) 6 to 24 times (12 times) Comparable pricing: Equity price 75% to 100% (99%) 75% to 100% (96%) Net derivative and other contracts: Interest rate $ 788 $ 618 Option model: IR volatility skew 34% to 163% 22% to 95% Contingency probability 95% N/M IR curve correlation 37% to 89% (66% / 67%) N/M Bond volatility 4% to 19% (14% / 14%) N/M Inflation volatility 23% to 62% (43% / 40%) 23% to 65% (44% / 40%) IR curve 1 % 1 % Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Credit $ 105 $ 40 Comparable pricing: Cash-synthetic basis 6 points 8 to 9 points (9 points) Bond price 0 to 103 points 0 to 75 points Credit spread 9 to 507 bps (91 bps) 246 to 499 bps (380 bps) Funding spread 69 to 131 bps (100 bps) 47 to 98 bps (93 bps) Correlation model: Credit correlation 32% to 62% (36%) 36% to 69% (44%) Foreign exchange 2 $ 52 $ 75 Option model: IR - FX correlation 29% to 56% (47% / 47%) 53% to 56% (55% / 55%) IR volatility skew 34% to 163% 22% to 95% IR curve 10% to 11% (10% / 10%) N/M Contingency probability 85% to 95% (92% / 95%) 90% to 95% (93% / 95%) Equity 2 $ (1,381 ) $ (1,485 ) Option model: At the money volatility 13% to 81% (35%) 17% to 63% (38%) Volatility skew -2% to 0% (-1%) -2% to 0% (-1%) Equity correlation 5% to 96% (68%) 5% to 96% (71%) FX correlation -60% to 55% (-25%) -60% to 55% (-26%) IR correlation -8% to 44% (17% / 15%) -7% to 45% (15% / 12%) Commodity and other $ 1,974 $ 2,052 Option model: Forward power price $5 to $178 ($28) per MWh 3 to $185 ($31) per Commodity volatility 1% to 96% (19%) 7% to 187% (17%) Cross-commodity correlation 43% to 99% (93%) 5% to 99% (93%) Liabilities Measured at Fair Value on a Recurring Basis Deposits $ 145 $ 27 Option Model: At the money volatility 20% to 39% (21%) N/M Other secured financings $ 110 $ 208 Discounted cash flow: Funding spread 107 to 122 bps (115 bps) 103 to 193 bps (148 bps) Option model: Volatility skew N/M -1 % At the money volatility 25% to 28% (28%) 10% to 40% (25%) Borrowings $ 3,538 $ 3,806 Option model: At the money volatility 6% to 45% (22%) 5% to 35% (22%) Volatility skew -2% to 0% (0%) -2% to 0% (0%) Equity correlation 39% to 94% (80%) 45% to 98% (85%) Equity - FX correlation -70% to 30% (-22%) -75% to 50% (-27%) IR Correlation N/M 58% to 97% (85% / 91%) IR - FX Correlation -33% to 7% (-8% / -8%) 28% to 58% (44% / 44%) Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Nonrecurring Fair Value Measurement Loans $ 1,665 $ 1,380 Corporate loan model: Credit spread 54 to 435 bps (220 bps) 97 to 434 bps (181 bps) Warehouse model: Credit spread 183 to 317 bps (220 bps) 223 to 313 bps (247 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products). The previous tables provide information for each major category of assets and liabilities measured at fair value on a recurring and nonrecurring basis with a significant Level 3 balance. The level of aggregation and breadth of products cause the range of inputs to be wide and not evenly distributed across the inventory. Further, the range of unobservable inputs may differ across firms in the financial services industry because of diversity in the types of products included in each firm’s inventory. In general, there are no predictable relationships between multiple significant unobservable inputs attributable to a given valuation technique. For a description of the Firm’s significant unobservable inputs and qualitative information about the effect of hypothetical changes in the values of those inputs, see Note 3 to the financial statements in the 2018 Form 10-K . During the current year period, there were no significant revisions made to the descriptions of the Firm’s significant unobservable inputs. Net Asset Value Measurements Fund Interests At September 30, 2019 At December 31, 2018 $ in millions Carrying Value Commitment Carrying Value Commitment Private equity $ 1,542 $ 363 $ 1,374 $ 316 Real estate 1,469 153 1,105 161 Hedge 1 95 4 103 4 Total $ 3,106 $ 520 $ 2,582 $ 481 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. For a description of the Firm’s investments in private equity funds, real estate funds and hedge funds, which are measured based on NAV, see Note 3 to the financial statements in the 2018 Form 10-K . Amounts in the previous table represent the Firm’s carrying value of general and limited partnership interests in fund investments, as well as any carried interest. The carrying amounts are measured based on the NAV of the fund taking into account the distribution terms applicable to the interest held. This same measurement applies whether the fund investments are accounted for under the equity method or fair value. See Note 11 for information regarding general partner guarantees, which include potential obligations to return performance-based fees in the form of carried interest previously received. See Note 18 for information regarding carried interest at risk of reversal. Nonredeemable Funds by Contractual Maturity Carrying Value at September 30, 2019 $ in millions Private Equity Real Estate Less than 5 years $ 765 $ 1,151 5-10 years 753 230 Over 10 years 24 88 Total $ 1,542 $ 1,469 Fair Value Option The Firm has elected the fair value option for certain eligible instruments that are risk managed on a fair value basis to mitigate income statement volatility caused by measurement basis differences between the elected instruments and their associated risk management transactions or to eliminate the complexities of applying certain accounting models. Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 29,508 $ 24,494 Interest rates 26,427 22,343 Commodities 3,973 2,735 Credit 1,229 856 Foreign exchange 517 756 Total $ 61,654 $ 51,184 Net Revenues from Borrowings under the Fair Value Option Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Trading revenues $ (795 ) $ 449 $ (5,888 ) $ 1,334 Interest expense 93 59 280 234 Net revenues 1 $ (888 ) $ 390 $ (6,168 ) $ 1,100 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (losses) from changes in fair value are recorded in Trading revenues and are mainly attributable to movements in the reference price or index, interest rates or foreign exchange rates. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended September 30, 2019 2018 $ in millions Trading Revenues OCI Trading Revenues OCI Borrowings $ (2 ) $ 442 $ (4 ) $ (1,010 ) Loans and other debt 1 (3 ) — 55 — Lending commitments — — (6 ) — Other — 1 (32 ) 28 Nine Months Ended September 30, 2019 2018 $ in millions Trading Revenues OCI Trading Revenues OCI Borrowings $ (9 ) $ (702 ) $ (22 ) $ 425 Loans and other debt 1 148 — 199 — Lending commitments (2 ) — (3 ) — Other — (2 ) (32 ) 32 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (532 ) $ 172 1. Loans and other debt instrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other debt 2 $ 13,154 $ 13,094 Nonaccrual loans 2 10,919 10,831 Borrowings 3 (986 ) 2,657 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other debt relates to distressed debt positions purchased at amounts well below par. 3. Borrowings in this table do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. The previous tables exclude non-recourse debt from consolidated VIEs, liabilities related to failed sales of financial assets, pledged commodities and other liabilities that have specified assets attributable to them. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 839 $ 1,497 Nonaccrual loans 90 or more days past due $ 452 $ 812 Nonrecurring Fair Value Measurements Carrying and Fair Values At September 30, 2019 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 1,513 $ 1,665 $ 3,178 Other assets—Other investments — 26 26 Other assets—Premises, equipment and software — — — Total $ 1,513 $ 1,691 $ 3,204 Liabilities Other liabilities and accrued expenses—Lending commitments $ (161 ) $ (64 ) $ (225 ) Total $ (161 ) $ (64 ) $ (225 ) At December 31, 2018 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 2,307 $ 1,380 $ 3,687 Other assets—Other investments 14 100 114 Other assets—Premises, equipment and software — — — Total $ 2,321 $ 1,480 $ 3,801 Liabilities Other liabilities and accrued expenses—Lending commitments $ 292 $ 65 $ 357 Total $ 292 $ 65 $ 357 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Fair Value Remeasurements 1 Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Assets Loans 2 $ (27 ) $ (5 ) $ (12 ) $ 1 Other assets—Other investments (3 ) (2 ) (8 ) (9 ) Other assets—Premises, equipment and software (4 ) (3 ) (8 ) (13 ) Total $ (34 ) $ (10 ) $ (28 ) $ (21 ) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ (19 ) $ 31 $ 82 $ 41 Total $ (19 ) $ 31 $ 82 $ 41 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments were calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable. Financial Instruments Not Measured at Fair Value Carrying and Fair Values At September 30, 2019 Carrying Value Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents: Cash and due from banks $ 35,721 $ 35,721 $ — $ — $ 35,721 Interest bearing deposits with banks 13,196 13,196 — — 13,196 Restricted cash 30,739 30,739 — — 30,739 Investment securities—HTM 41,076 27,816 13,513 662 41,991 Securities purchased under agreements to resell 93,363 — 91,966 1,374 93,340 Securities borrowed 132,401 — 132,406 — 132,406 Customer and other receivables 1 54,784 — 51,855 2,880 54,735 Loans 2 125,522 — 23,119 102,403 125,522 Other assets 474 — 474 — 474 Financial liabilities Deposits $ 179,116 $ — $ 179,536 $ — $ 179,536 Securities sold under agreements to repurchase 58,730 — 58,724 — 58,724 Securities loaned 9,691 — 9,694 — 9,694 Other secured financings 3,484 — 3,488 — 3,488 Customer and other payables 1 199,944 — 199,944 — 199,944 Borrowings 132,005 — 135,409 10 135,419 Commitment Lending commitments 3 $ 118,524 $ — $ 889 $ 348 $ 1,237 At December 31, 2018 Carrying Value Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents: Cash and due from banks $ 30,541 $ 30,541 $ — $ — $ 30,541 Interest bearing deposits with banks 21,299 21,299 — — 21,299 Restricted cash 35,356 35,356 — — 35,356 Investment securities—HTM 30,771 17,473 12,018 474 29,965 Securities purchased under agreements to resell 98,522 — 97,611 866 98,477 Securities borrowed 116,313 — 116,312 — 116,312 Customer and other receivables 1 47,972 — 44,620 3,219 47,839 Loans 2 115,579 — 25,604 90,121 115,725 Other assets 461 — 461 — 461 Financial liabilities Deposits $ 187,378 $ — $ 187,372 $ — $ 187,372 Securities sold under agreements to repurchase 48,947 — 48,385 525 48,910 Securities loaned 11,908 — 11,906 — 11,906 Other secured financings 4,221 — 3,233 994 4,227 Customer and other payables 1 176,561 — 176,561 — 176,561 Borrowings 138,478 — 140,085 30 140,115 Commitment Lending commitments 3 $ 104,844 $ — $ 1,249 $ 321 $ 1,570 1. Accrued interest and dividend receivables and payables, where carrying value approximates fair value, have been excluded as these are not financial instruments. 2. Amounts include loans measured at fair value on a nonrecurring basis. 3. Represents Lending Commitments accounted for as Held for investment and Held for sale. For a further discussion on lending commitments, see Note 11. The previous tables exclude certain financial instruments such as equity method investments and all non-financial assets and liabilities such as the value of the long-term relationships with the Firm’s deposit customers.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Fair Values of Derivative Contracts At September 30, 2019 Assets $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 761 $ 2 $ — $ 763 Foreign exchange 114 8 — 122 Total 875 10 — 885 Not designated as accounting hedges Interest rate 216,358 6,090 965 223,413 Credit 4,932 2,787 — 7,719 Foreign exchange 63,326 1,069 115 64,510 Equity 26,395 — 22,505 48,900 Commodity and other 8,797 — 2,473 11,270 Total 319,808 9,946 26,058 355,812 Total gross derivatives $ 320,683 $ 9,956 $ 26,058 $ 356,697 Amounts offset Counterparty netting (242,002 ) (8,580 ) (24,298 ) (274,880 ) Cash collateral netting (47,994 ) (1,199 ) — (49,193 ) Total in Trading assets $ 30,687 $ 177 $ 1,760 $ 32,624 Amounts not offset 1 Financial instruments collateral (14,340 ) — — (14,340 ) Other cash collateral (35 ) — — (35 ) Net amounts $ 16,312 $ 177 $ 1,760 $ 18,249 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,132 Liabilities $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 1 $ — $ 1 Foreign exchange 26 19 — 45 Total 26 20 — 46 Not designated as accounting hedges Interest rate 208,515 4,956 832 214,303 Credit 4,649 3,456 — 8,105 Foreign exchange 65,081 1,092 66 66,239 Equity 27,820 — 22,114 49,934 Commodity and other 6,690 — 2,215 8,905 Total 312,755 9,504 25,227 347,486 Total gross derivatives $ 312,781 $ 9,524 $ 25,227 $ 347,532 Amounts offset Counterparty netting (242,002 ) (8,580 ) (24,298 ) (274,880 ) Cash collateral netting (36,520 ) (730 ) — (37,250 ) Total in Trading liabilities $ 34,259 $ 214 $ 929 $ 35,402 Amounts not offset 1 Financial instruments collateral (15,526 ) — (323 ) (15,849 ) Other cash collateral (26 ) (27 ) — (53 ) Net amounts $ 18,707 $ 187 $ 606 $ 19,500 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,054 At December 31, 2018 Assets $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 512 $ 1 $ — $ 513 Foreign exchange 27 8 — 35 Total 539 9 — 548 Not designated as accounting hedges Interest rate 153,768 3,887 697 158,352 Credit 4,630 1,498 — 6,128 Foreign exchange 61,846 1,310 55 63,211 Equity 24,590 — 23,284 47,874 Commodity and other 10,538 — 1,934 12,472 Total 255,372 6,695 25,970 288,037 Total gross derivatives $ 255,911 $ 6,704 $ 25,970 $ 288,585 Amounts offset Counterparty netting (190,220 ) (5,260 ) (24,548 ) (220,028 ) Cash collateral netting (38,204 ) (1,180 ) — (39,384 ) Total in Trading assets $ 27,487 $ 264 $ 1,422 $ 29,173 Amounts not offset 1 Financial instruments collateral (12,467 ) — — (12,467 ) Other cash collateral (31 ) — — (31 ) Net amounts $ 14,989 $ 264 $ 1,422 $ 16,675 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,206 Liabilities $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 176 $ — $ — $ 176 Foreign exchange 62 24 — 86 Total 238 24 — 262 Not designated as accounting hedges Interest rate 142,592 2,669 663 145,924 Credit 4,545 1,608 — 6,153 Foreign exchange 62,099 1,302 19 63,420 Equity 27,119 — 23,521 50,640 Commodity and other 6,983 — 2,057 9,040 Total 243,338 5,579 26,260 275,177 Total gross derivatives $ 243,576 $ 5,603 $ 26,260 $ 275,439 Amounts offset Counterparty netting (190,220 ) (5,260 ) (24,548 ) (220,028 ) Cash collateral netting (27,860 ) (293 ) — (28,153 ) Total in Trading liabilities $ 25,496 $ 50 $ 1,712 $ 27,258 Amounts not offset 1 Financial instruments collateral (4,709 ) — (766 ) (5,475 ) Other cash collateral (53 ) (1 ) — (54 ) Net amounts $ 20,734 $ 49 $ 946 $ 21,729 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,773 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. See Note 3 for information related to the unsettled fair value of futures contracts not designated as accounting hedges, which are excluded from the previous tables. Notionals of Derivative Contracts At September 30, 2019 Assets $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 11 $ 142 $ — $ 153 Foreign exchange 5 1 — 6 Total 16 143 — 159 Not designated as accounting hedges Interest rate 4,465 8,357 858 13,680 Credit 138 92 — 230 Foreign exchange 3,030 119 17 3,166 Equity 404 — 432 836 Commodity and other 105 — 69 174 Total 8,142 8,568 1,376 18,086 Total gross derivatives $ 8,158 $ 8,711 $ 1,376 $ 18,245 Liabilities $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 17 $ — $ 17 Foreign exchange 5 2 — 7 Total 5 19 — 24 Not designated as accounting hedges Interest rate 4,462 8,189 794 13,445 Credit 149 105 — 254 Foreign exchange 2,985 119 15 3,119 Equity 525 — 493 1,018 Commodity and other 84 — 66 150 Total 8,205 8,413 1,368 17,986 Total gross derivatives $ 8,210 $ 8,432 $ 1,368 $ 18,010 At December 31, 2018 Assets $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 15 $ 52 $ — $ 67 Foreign exchange 5 1 — 6 Total 20 53 — 73 Not designated as accounting hedges Interest rate 4,807 6,708 1,157 12,672 Credit 162 74 — 236 Foreign exchange 2,436 118 14 2,568 Equity 373 — 371 744 Commodity and other 97 — 67 164 Total 7,875 6,900 1,609 16,384 Total gross derivatives $ 7,895 $ 6,953 $ 1,609 $ 16,457 Liabilities $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 107 $ — $ 109 Foreign exchange 5 1 — 6 Total 7 108 — 115 Not designated as accounting hedges Interest rate 4,946 5,735 781 11,462 Credit 162 73 — 235 Foreign exchange 2,451 114 17 2,582 Equity 389 — 602 991 Commodity and other 72 — 65 137 Total 8,020 5,922 1,465 15,407 Total gross derivatives $ 8,027 $ 6,030 $ 1,465 $ 15,522 The Firm believes that the notional amounts of derivative contracts generally overstate its exposure. In most circumstances notional amounts are only used as a reference point from which to calculate amounts owed between the parties to the contract. Furthermore, notional amounts do not reflect the benefit of legally enforceable netting arrangements or risk mitigating transactions. For a discussion of the Firm’s derivative instruments and hedging activities, see Note 4 to the financial statements in the 2018 Form 10-K . Gains (Losses) on Accounting Hedges Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Fair Value Hedges—Recognized in Interest Income 1 Interest rate contracts $ (7 ) $ — $ (26 ) $ — Investment Securities—AFS 8 — 27 — Fair Value Hedges—Recognized in Interest Expense Interest rate contracts $ 1,999 $ (1,124 ) $ 6,046 $ (3,584 ) Borrowings (1,996 ) 1,124 (6,111 ) 3,563 Net Investment Hedges—Foreign exchange contracts Recognized in OCI, net of tax $ 251 $ 107 $ 201 $ 354 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 30 13 107 44 Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Carrying amount 2 currently or previously hedged $ 689 $ 201 Basis adjustments included in carrying amount 3 $ 30 $ 4 Borrowings Carrying amount 2 currently or previously hedged $ 103,659 $ 102,899 Basis adjustments included in carrying amount 3 $ 4,393 $ (1,689 ) 1. The Firm began designating interest rate swaps as fair value hedges of certain AFS securities in the third quarter of 2018. 2. Carrying amount represents amortized cost basis. 3. Hedge accounting basis adjustments for AFS securities and Borrowings are primarily related to outstanding hedges. Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 27,319 $ 16,403 Collateral posted 22,154 11,981 The previous table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Firm has posted collateral in the normal course of business. Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 468 Two-notch downgrade 308 Bilateral downgrade agreements included in the amounts above 1 $ 699 1. Amount represents arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrades. The additional collateral or termination payments that may be called in the event of a future credit rating downgrade vary by contract and can be based on ratings by either or both of Moody’s Investors Service, Inc. (“Moody’s”) and S&P Global Ratings. The previous table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers. Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at September 30, 2019 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 18 $ 26 $ 16 $ 76 Non-investment grade 8 9 12 5 34 Total $ 24 $ 27 $ 38 $ 21 $ 110 Index and basket CDS Investment grade $ 5 $ 10 $ 40 $ 22 $ 77 Non-investment grade 5 3 17 17 42 Total $ 10 $ 13 $ 57 $ 39 $ 119 Total CDS sold $ 34 $ 40 $ 95 $ 60 $ 229 Other credit contracts — — — — — Total credit protection sold $ 34 $ 40 $ 95 $ 60 $ 229 CDS protection sold with identical protection purchased $ 219 Years to Maturity at December 31, 2018 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 22 $ 24 $ 19 $ 8 $ 73 Non-investment grade 10 11 9 1 31 Total $ 32 $ 35 $ 28 $ 9 $ 104 Index and basket CDS Investment grade $ 5 $ 10 $ 61 $ 7 $ 83 Non-investment grade 5 6 13 13 37 Total $ 10 $ 16 $ 74 $ 20 $ 120 Total CDS sold $ 42 $ 51 $ 102 $ 29 $ 224 Other credit contracts — — — — — Total credit protection sold $ 42 $ 51 $ 102 $ 29 $ 224 CDS protection sold with identical protection purchased $ 210 Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 663 $ 118 Non-investment grade (959 ) (403 ) Total $ (296 ) $ (285 ) Index and basket CDS Investment grade $ 1,040 $ 314 Non-investment grade 45 (1,413 ) Total $ 1,085 $ (1,099 ) Total CDS sold $ 789 $ (1,384 ) Other credit contracts (18 ) (14 ) Total credit protection sold $ 771 $ (1,398 ) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. 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. Protection Purchased with CDS Fair Value Asset (Liability) $ in millions At September 30, 2019 At December 31, 2018 Single name $ 147 $ 277 Index and basket (977 ) 1,333 Tranched index and basket (345 ) (251 ) Total $ (1,175 ) $ 1,359 Notional $ in billions At September 30, 2019 At December 31, 2018 Single name $ 119 $ 116 Index and basket 120 117 Tranched index and basket 16 14 Total $ 255 $ 247 The Firm enters into credit derivatives, principally CDS, under which it receives or provides protection against the risk of default on a set of debt obligations issued by a specified reference entity or entities. A majority of the Firm’s counterparties for these derivatives are banks, broker-dealers, and insurance and other financial institutions. The fair value amounts as shown in the previous tables are prior to cash collateral or counterparty netting. For further information on credit derivatives and other contracts, see Note 4 to the financial statements in the 2018 Form 10-K .

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities AFS and HTM Securities At September 30, 2019 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. government and agency securities: U.S. Treasury securities $ 34,422 $ 274 $ 88 $ 34,608 U.S. agency securities 1 21,423 248 88 21,583 Total U.S. government and agency securities 55,845 522 176 56,191 Corporate and other debt: Agency CMBS 4,512 104 36 4,580 Corporate bonds 2,022 14 4 2,032 State and municipal securities 252 13 — 265 FFELP student loan ABS 2 1,660 3 17 1,646 Total corporate and other debt 8,446 134 57 8,523 Total AFS securities 64,291 656 233 64,714 HTM securities U.S. government and agency securities: U.S. Treasury securities 27,062 764 10 27,816 U.S. agency securities 1 13,381 170 38 13,513 Total U.S. government and agency securities 40,443 934 48 41,329 Corporate and other debt: Non-agency CMBS 633 29 — 662 Total HTM securities 41,076 963 48 41,991 Total investment securities $ 105,367 $ 1,619 $ 281 $ 106,705 At December 31, 2018 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. government and agency securities: U.S. Treasury securities $ 36,268 $ 40 $ 656 $ 35,652 U.S. agency securities 1 20,740 10 497 20,253 Total U.S. government and agency securities 57,008 50 1,153 55,905 Corporate and other debt: Agency CMBS 1,054 — 62 992 Non-agency CMBS 461 — 14 447 Corporate bonds 1,585 — 32 1,553 State and municipal securities 200 2 — 202 FFELP student loan ABS 2 1,967 10 15 1,962 Total corporate and other debt 5,267 12 123 5,156 Total AFS securities 62,275 62 1,276 61,061 HTM securities U.S. government and agency securities: U.S. Treasury securities 17,832 44 403 17,473 U.S. agency securities 1 12,456 8 446 12,018 Total U.S. government and agency securities 30,288 52 849 29,491 Corporate and other debt: Non-agency CMBS 483 — 9 474 Total HTM securities 30,771 52 858 29,965 Total investment securities $ 93,046 $ 114 $ 2,134 $ 91,026 1. U.S. agency securities consist mainly of agency-issued debt, agency mortgage pass-through pool securities and CMOs. 2. Underlying loans are backed by a guarantee, ultimately from the U.S. Department of Education, of at least 95% of the principal balance and interest outstanding. I nvestment Securities in an Unrealized Loss Position At September 30, 2019 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 securities U.S. government and agency securities: U.S. Treasury securities $ 4,233 $ 13 $ 9,318 $ 75 $ 13,551 $ 88 U.S. agency securities 3,064 15 7,283 73 10,347 88 Total U.S. government and agency securities 7,297 28 16,601 148 23,898 176 Corporate and other debt: Agency CMBS 837 6 719 30 1,556 36 Corporate bonds 477 3 262 1 739 4 FFELP student loan ABS 490 4 751 13 1,241 17 Total corporate and other debt 1,804 13 1,732 44 3,536 57 Total AFS securities 9,101 41 18,333 192 27,434 233 HTM securities U.S. government and agency securities: U.S. Treasury securities 2,811 8 950 2 3,761 10 U.S. agency securities 2,496 7 2,572 31 5,068 38 Total U.S. government and agency securities 5,307 15 3,522 33 8,829 48 Total HTM securities 5,307 15 3,522 33 8,829 48 Total investment securities $ 14,408 $ 56 $ 21,855 $ 225 $ 36,263 $ 281 At December 31, 2018 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 securities U.S. government and agency securities: U.S. Treasury securities $ 19,937 $ 541 $ 5,994 $ 115 $ 25,931 $ 656 U.S. agency securities 12,904 383 4,142 114 17,046 497 Total U.S. government and agency securities 32,841 924 10,136 229 42,977 1,153 Corporate and other debt: Agency CMBS 808 62 — — 808 62 Non-agency CMBS — — 446 14 446 14 Corporate bonds 470 7 1,010 25 1,480 32 FFELP student loan ABS 1,366 15 — — 1,366 15 Total corporate and other debt 2,644 84 1,456 39 4,100 123 Total AFS securities 35,485 1,008 11,592 268 47,077 1,276 HTM securities U.S. government and agency securities: U.S. Treasury securities — — 11,161 403 11,161 403 U.S. agency securities 410 1 10,004 445 10,414 446 Total U.S. government and agency securities 410 1 21,165 848 21,575 849 Corporate and other debt: Non-agency CMBS 206 1 216 8 422 9 Total HTM securities 616 2 21,381 856 21,997 858 Total investment securities $ 36,101 $ 1,010 $ 32,973 $ 1,124 $ 69,074 $ 2,134 The Firm believes there are no securities in an unrealized loss position that are other-than-temporarily impaired after performing the analysis described in Note 2 to the financial statements in the 2018 Form 10-K . For AFS 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 the amortized cost basis. Furthermore, for both AFS and HTM securities, the securities have not experienced credit losses as the unrealized losses reported in the previous table are primarily due to higher interest rates since those securities were purchased. See Note 12 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS and FFELP student loan ABS. Investment Securities by Contractual Maturity At September 30, 2019 $ in millions Amortized Cost Fair Value Annualized Average Yield AFS securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 6,278 $ 6,294 2.1 % After 1 year through 5 years 23,285 23,415 1.8 % After 5 years through 10 years 4,859 4,899 1.7 % Total 34,422 34,608 U.S. agency securities: Due within 1 year 61 61 2.1 % After 1 year through 5 years 644 641 1.1 % After 5 years through 10 years 1,416 1,409 1.8 % After 10 years 19,302 19,472 2.4 % Total 21,423 21,583 Total U.S. government and agency securities 55,845 56,191 2.0 % Corporate and other debt: Agency CMBS: After 1 year through 5 years 615 613 1.8 % After 5 years through 10 years 2,942 3,029 2.5 % After 10 years 955 938 2.0 % Total 4,512 4,580 Corporate bonds: Due within 1 year 109 110 2.3 % After 1 year through 5 years 1,498 1,509 2.6 % After 5 years through 10 years 415 413 3.0 % Total 2,022 2,032 At September 30, 2019 $ in millions Amortized Cost Fair Value Annualized Average Yield State and municipal securities: After 1 year through 5 years $ 10 $ 10 2.2 % After 5 years through 10 years 25 26 2.8 % After 10 Years 217 229 4.4 % Total 252 265 FFELP student loan ABS: After 1 year through 5 years 74 72 0.8 % After 5 years through 10 years 389 382 0.8 % After 10 years 1,197 1,192 1.2 % Total 1,660 1,646 Total corporate and other debt 8,446 8,523 2.2 % Total AFS securities 64,291 64,714 2.1 % HTM securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year 1,742 1,750 2.2 % After 1 year through 5 years 15,514 15,778 2.2 % After 5 years through 10 years 8,722 9,117 2.2 % After 10 years 1,084 1,171 2.5 % Total 27,062 27,816 U.S. agency securities: After 5 years through 10 years 25 25 1.9 % After 10 years 13,356 13,488 2.6 % Total 13,381 13,513 Total U.S. government and agency securities 40,443 41,329 2.3 % Corporate and other debt: Non-agency CMBS: Due within 1 year 93 93 4.8 % After 1 year through 5 years 85 85 4.0 % After 5 years through 10 years 374 399 4.1 % After 10 years 81 85 3.7 % Total corporate and other debt 633 662 4.1 % Total HTM securities 41,076 41,991 2.4 % Total investment securities $ 105,367 $ 106,705 2.2 % Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Gross realized gains $ 27 $ 5 $ 99 $ 11 Gross realized (losses) (1 ) — (10 ) (3 ) Total 1 $ 26 $ 5 $ 89 $ 8 1. Realized gains and losses are recognized in Other revenues in the income statements .

Collateralized Transactions

Collateralized Transactions	9 Months Ended
	Sep. 30, 2019
Collateralized Agreements [Abstract]
Collateralized Transactions	Collateralized Transactions Offsetting of Certain Collateralized Transactions At September 30, 2019 $ in millions Gross Amounts Amounts Offset Net Amounts Presented Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 263,485 $ (170,118 ) $ 93,367 $ (91,505 ) $ 1,862 Securities borrowed 142,723 (10,322 ) 132,401 (126,161 ) 6,240 Liabilities Securities sold under agreements to repurchase $ 229,626 $ (170,164 ) $ 59,462 $ (42,091 ) $ 17,371 Securities loaned 19,967 (10,276 ) 9,691 (9,660 ) 31 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,390 Securities borrowed 1,578 Securities sold under agreements to repurchase 15,695 Securities loaned 20 At December 31, 2018 $ in millions Gross Amounts Amounts Offset Net Amounts Presented Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 262,976 $ (164,454 ) $ 98,522 $ (95,610 ) $ 2,912 Securities borrowed 134,711 (18,398 ) 116,313 (112,551 ) 3,762 Liabilities Securities sold under agreements to repurchase $ 214,213 $ (164,454 ) $ 49,759 $ (41,095 ) $ 8,664 Securities loaned 30,306 (18,398 ) 11,908 (11,677 ) 231 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,579 Securities borrowed 724 Securities sold under agreements to repurchase 6,762 Securities loaned 191 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. For further discussion of the Firm’s collateralized transactions, see Note 6 to the financial statements in the 2018 Form 10-K . For information related to offsetting of derivatives, see Note 4 . Gross Secured Financing Balances by Remaining Contractual Maturity At September 30, 2019 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 78,896 $ 74,832 $ 31,794 $ 44,104 $ 229,626 Securities loaned 9,780 4,540 611 5,036 19,967 Total included in the offsetting disclosure $ 88,676 $ 79,372 $ 32,405 $ 49,140 $ 249,593 Trading liabilities— 21,440 — — — 21,440 Total $ 110,116 $ 79,372 $ 32,405 $ 49,140 $ 271,033 At December 31, 2018 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 56,503 $ 93,427 $ 35,692 $ 28,591 $ 214,213 Securities loaned 18,397 3,609 1,985 6,315 30,306 Total included in the offsetting disclosure $ 74,900 $ 97,036 $ 37,677 $ 34,906 $ 244,519 Trading liabilities— 17,594 — — — 17,594 Total $ 92,494 $ 97,036 $ 37,677 $ 34,906 $ 262,113 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 81,642 $ 68,487 State and municipal securities 1,164 925 Other sovereign government obligations 117,949 120,432 ABS 2,338 3,017 Corporate and other debt 7,718 8,719 Corporate equities 18,279 12,079 Other 536 554 Total $ 229,626 $ 214,213 Securities loaned Other sovereign government obligations $ 10,667 $ 19,021 Corporate equities 9,242 10,800 Other 58 485 Total $ 19,967 $ 30,306 Total included in the offsetting disclosure $ 249,593 $ 244,519 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 21,432 $ 17,594 Other 8 — Total $ 21,440 $ 17,594 Total $ 271,033 $ 262,113 Carrying Value of Assets Loaned or Pledged without Counterparty Right to Sell or Repledge $ in millions At At Trading assets $ 38,325 $ 39,430 Loans (gross of allowance for loan losses) 300 — Total $ 38,625 $ 39,430 The Firm pledges its trading assets and loans to collateralize securities sold under agreements to repurchase, securities loaned, other secured financings and derivatives and to cover customer short sales. Counterparties may or may not have the right to sell or repledge the collateral. Pledged financial instruments that can be sold or repledged by the secured party are identified as Trading assets (pledged to various parties) in the balance sheets. Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell $ 724,356 $ 639,610 Collateral that was sold or repledged 1 577,354 487,983 1. Does not include securities used to meet federal regulations for the Firm’s U.S. broker-dealers. Restricted Cash and Segregated Securities $ in millions At At Restricted cash $ 30,739 $ 35,356 Segregated securities 1 24,838 26,877 Total $ 55,577 $ 62,233 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheets. The Firm receives collateral in the form of securities in connection with securities purchased under agreements to resell, securities borrowed, securities-for-securities transactions, derivative transactions, customer margin loans and securities-based lending. In many cases, the Firm is permitted to sell or repledge 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 counterparties to cover short positions. Customer Margin Lending $ in millions At At Customer receivables representing margin loans $ 28,068 $ 26,225 The Firm provides margin lending arrangements which allow customers to borrow against the value of qualifying securities. Receivables under margin lending arrangements are included within Customer and other receivables in the balance sheets. 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. Customer receivables generated from margin lending activities are collateralized by customer-owned securities held by the Firm. The Firm monitors required margin levels and established credit terms daily and, pursuant to such guidelines, requires customers to deposit additional collateral, or reduce positions, when necessary. For a further discussion of the Firm’s margin lending activities, see Note 6 to the financial statements in the 2018 Form 10-K . The Firm has additional secured liabilities. For a further discussion of other secured financings, see Notes 10 and 12 .

Loans, Lending Commitments and

Loans, Lending Commitments and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans, Lending Commitments and Allowance for Credit Losses	Loans, Lending Commitments and Allowance for Credit Losses Loans by Type At September 30, 2019 $ in millions Loans Held for Investment Loans Held for Sale Total Loans Corporate $ 45,117 $ 13,525 $ 58,642 Consumer 30,010 — 30,010 Residential real estate 29,184 17 29,201 Commercial real estate 6,801 1,165 7,966 Total loans, gross 111,112 14,707 125,819 Allowance for loan losses (297 ) — (297 ) Total loans, net $ 110,815 $ 14,707 $ 125,522 Fixed rate loans, net $ 20,233 Floating or adjustable rate loans, net 105,289 Loans to non-U.S. borrowers, net 20,722 At December 31, 2018 $ in millions Loans Held for Investment Loans Held for Sale Total Loans Corporate $ 36,909 $ 13,886 $ 50,795 Consumer 27,868 — 27,868 Residential real estate 27,466 22 27,488 Commercial real estate 1 7,810 1,856 9,666 Total loans, gross 100,053 15,764 115,817 Allowance for loan losses (238 ) — (238 ) Total loans, net $ 99,815 $ 15,764 $ 115,579 Fixed rate loans, net $ 15,632 Floating or adjustable rate loans, net 99,947 Loans to non-U.S. borrowers, net 17,568 1. Beginning in 2019, loans previously referred to as Wholesale real estate are referred to as Commercial real estate. Loans Held for Investment before Allowance by Credit Quality At September 30, 2019 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total Pass $ 44,152 $ 30,005 $ 29,051 $ 6,618 $ 109,826 Special mention 373 — 27 80 480 Substandard 592 5 106 103 806 Doubtful — — — — — Loss — — — — — Total $ 45,117 $ 30,010 $ 29,184 $ 6,801 $ 111,112 At December 31, 2018 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total Pass $ 36,217 $ 27,863 $ 27,387 $ 7,378 $ 98,845 Special mention 492 5 — 312 809 Substandard 200 — 79 120 399 Doubtful — — — — — Loss — — — — — Total $ 36,909 $ 27,868 $ 27,466 $ 7,810 $ 100,053 Impaired Loans and Lending Commitments before Allowance At September 30, 2019 $ in millions Corporate Consumer Residential Real Estate Total Loans With allowance $ 232 $ — $ — $ 232 Without allowance 1 28 5 92 125 Total impaired loans $ 260 $ 5 $ 92 $ 357 UPB 267 5 94 366 Lending commitments With allowance $ 5 $ — $ — $ 5 Without allowance 1 37 — — 37 Total impaired lending commitments $ 42 $ — $ — $ 42 At December 31, 2018 $ in millions Corporate Consumer Residential Estate Total Loans With allowance $ 24 $ — $ — $ 24 Without allowance 1 32 — 69 101 Total impaired loans $ 56 $ — $ 69 $ 125 UPB 63 — 70 133 Lending commitments With allowance $ 19 $ — $ — $ 19 Without allowance 1 34 — — 34 Total impaired lending commitments $ 53 $ — $ — $ 53 1. No allowance was recorded for these loans and lending commitments as the present value of the expected future cash flows or value of the collateral equaled or exceeded the carrying value. Loans and lending commitments in the previous table have been evaluated for a specific allowance. All remaining loans and lending commitments are assessed under the inherent allowance methodology. Impaired Loans and Total Allowance by Region At September 30, 2019 $ in millions Americas EMEA Asia Total Impaired loans $ 357 $ — $ — $ 357 Total Allowance for loan losses 227 64 6 297 At December 31, 2018 $ in millions Americas EMEA Asia Total Impaired loans $ 125 $ — $ — $ 125 Total Allowance for loan losses 193 42 3 238 Troubled Debt Restructurings $ in millions At At Loans $ 46 $ 38 Lending commitments 49 45 Allowance for loan losses and lending commitments 5 4 Impaired loans and lending commitments classified as held for investment within corporate loans include TDRs. These restructurings typically include modifications of interest rates, collateral requirements, other loan covenants and payment extensions. Allowance for Loan Losses Rollforward $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2018 $ 144 $ 7 $ 20 $ 67 $ 238 Gross charge-offs — — (1 ) — (1 ) Provision (release) 1 69 — 5 (6 ) 68 Other (7 ) — — (1 ) (8 ) September 30, 2019 $ 206 $ 7 $ 24 $ 60 $ 297 Inherent $ 188 $ 7 $ 24 $ 60 $ 279 Specific 18 — — — 18 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2017 $ 126 $ 4 $ 24 $ 70 $ 224 Gross charge-offs (4 ) — — — (4 ) Recoveries 2 54 — — — 54 Net recoveries (charge-offs) 50 — — — 50 Provision (release) 1,2 (39 ) 1 (4 ) 9 (33 ) Other (2 ) — — (8 ) (10 ) September 30, 2018 $ 135 $ 5 $ 20 $ 71 $ 231 Inherent $ 130 $ 5 $ 20 $ 71 $ 226 Specific 5 — — — 5 1. The Firm recorded a provision for loan losses of $34 million in the current quarter and $1 million in the prior year quarter. 2. The prior year period release was primarily due to the recovery of a previously charged off energy industry related loan. Allowance for Lending Commitments Rollforward $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2018 $ 198 $ 2 $ — $ 3 $ 203 Provision (release) 1 34 — — 2 36 Other (4 ) (1 ) — — (5 ) September 30, 2019 $ 228 $ 1 $ — $ 5 $ 234 Inherent $ 224 $ 1 $ — $ 5 $ 230 Specific 4 — — — 4 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2017 $ 194 $ 1 $ — $ 3 $ 198 Provision (release) 1 5 — — 1 6 Other (2 ) — — (1 ) (3 ) September 30, 2018 $ 197 $ 1 $ — $ 3 $ 201 Inherent $ 190 $ 1 $ — $ 3 $ 194 Specific 7 — — — 7 1. The Firm recorded a provision for lending commitments of $ 16 million in the current quarter and $ 1 million in the prior year quarter. For a further discussion of the Firm’s loans, including loan types and categories, as well as the Firm’s allowance methodology, refer to Notes 2 and 7 to the financial statements in the 2018 Form 10-K . See Note 3 for further information regarding Loans and lending commitments held at fair value. See Note 11 for details of current commitments to lend in the future. Employee Loans $ in millions At At Balance $ 2,990 $ 3,415 Allowance for loan losses (61 ) (63 ) Balance, net $ 2,929 $ 3,352 Remaining repayment term, weighted average in years 4.7 4.3 Employee loans are granted in conjunction with a program established primarily to recruit certain Wealth Management representatives, are full recourse and generally require periodic repayments. These loans are recorded in Customer and other receivables in the balance sheets. The Firm establishes an allowance for loan amounts it does not consider recoverable, and the related provision is recorded in Compensation and benefits expense.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments Equity Method Investment Balances $ in millions At At Investments $ 2,391 $ 2,432 Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Income (loss) $ (13 ) $ 8 $ (39 ) $ 62 Equity method investments, other than investments in certain fund interests, are summarized above and are included in Other assets in the balance sheets with related income or loss included in Other revenues in the income statements. See “Net Asset Value Measurements—Fund Interests” in Note 3 for the carrying value of the Firm’s fund interests, which are comprised of general and limited partnership interests, as well as any related carried interest. Japanese Securities Joint Venture Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Income (loss) from investment in MUMSS $ (4 ) $ 17 $ 5 $ 99 The Firm and Mitsubishi UFJ Financial Group, Inc. (“MUFG”) formed a joint venture in Japan comprising their respective investment banking and securities businesses by forming two joint venture companies, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”) and Morgan Stanley MUFG Securities Co., Ltd. (“MSMS”) (the “Joint Venture”). The Firm owns a 40% economic interest in the Joint Venture and MUFG owns the other 60% . The Firm’s 40% voting interest in MUMSS is accounted for under the equity method within the Institutional Securities business segment, and is included in the equity method investment balances above. The Firm consolidates MSMS into the Institutional Securities business segment, based on its 51% voting interest. The Firm engages in transactions in the ordinary course of business with MUFG and its affiliates, for example investment banking, financial advisory, sales and trading, derivatives, investment management, lending, securitization and other financial services transactions. Such transactions are on substantially the same terms as those that would be available to unrelated third parties for comparable transactions.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
Deposits	Deposits Deposits $ in millions At At Savings and demand deposits $ 141,344 $ 154,897 Time deposits 39,394 32,923 Total $ 180,738 $ 187,820 Deposits subject to FDIC insurance $ 143,697 $ 144,515 Time deposits that equal or exceed the FDIC insurance limit $ 18 $ 11 Time Deposit Maturities $ in millions At 2019 $ 5,394 2020 18,091 2021 8,274 2022 2,783 2023 2,704 Thereafter 2,148 Total $ 39,394

Borrowings and Other Secured Fi

Borrowings and Other Secured Financings	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Borrowings and Other Secured Financings	Borrowings and Other Secured Financings Borrowings $ in millions At At Original maturities of one year or less $ 1,297 $ 1,545 Original maturities greater than one year Senior $ 181,668 $ 178,027 Subordinated 10,694 10,090 Total $ 192,362 $ 188,117 Total borrowings $ 193,659 $ 189,662 Weighted average stated maturity, in years 1 6.9 6.5 1. Only includes borrowings with original maturities greater than one year. Other Secured Financings $ in millions At At Original maturities: Greater than one year $ 4,476 $ 6,772 One year or less 4,089 2,036 Failed sales 1,271 658 Total $ 9,836 $ 9,466 Other secured financings include the liabilities related to certain ELNs, transfers of financial assets that are accounted for as financings rather than sales, pledged commodities, consolidated VIEs where the Firm is deemed to be the primary beneficiary and other secured borrowings. These liabilities are generally payable from the cash flows of the related assets accounted for as Trading assets. See Note 12 for further information on other secured financings related to VIEs and securitization activities. 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 balance sheets.

Commitments, Leases, Guarantees

Commitments, Leases, Guarantees and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments, Leases, Guarantees and Contingencies	Commitments, Leases, Guarantees and Contingencies Commitments Years to Maturity at September 30, 2019 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 23,252 $ 33,207 $ 48,734 $ 5,447 $ 110,640 Consumer 7,769 6 12 — 7,787 Residential and commercial 380 1,148 75 277 1,880 Forward-starting 75,785 635 — 11,612 88,032 Underwriting 561 — — — 561 Investment activities 508 131 50 250 939 Letters of credit and other financial guarantees 189 2 — 2 193 Total $ 108,444 $ 35,129 $ 48,871 $ 17,588 $ 210,032 Corporate lending commitments participated to third parties $ 7,867 Forward-starting secured financing receivables settled within three business days $ 60,893 Since commitments associated with these instruments may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements. For a further description of these commitments, refer to Note 12 to the financial statements in the 2018 Form 10-K . Leases Balance Sheet Amounts Related to Leases $ in millions At Other assets—ROU assets $ 3,825 Other liabilities and accrued expenses— Lease liabilities 4,535 Weighted average: Remaining lease term, in years 9.6 Discount rate 3.7 % Lease Liabilities $ in millions At Remainder of 2019 $ 185 2020 719 2021 659 2022 606 2023 554 Thereafter 2,817 Total undiscounted cash flows $ 5,540 Imputed interest (1,005 ) Amount on balance sheet $ 4,535 Lease Costs $ in millions Three Months Ended Nine Months Ended Fixed costs $ 173 $ 499 Variable costs 1 33 115 Less: Sublease income (1 ) (3 ) Total lease cost, net $ 205 $ 611 1. Includes common area maintenance charges and other variable costs not included in the measurement of ROU assets and lease liabilities. Cash Flows Statement Supplemental Information $ in millions Three Months Ended Nine Months Ended Cash outflows—Lease liabilities $ 177 $ 509 Non-cash—ROU assets recorded for new and modified leases 104 215 Minimum Future Lease Commitments (under Previous GAAP) $ in millions At 2019 $ 677 2020 657 2021 602 2022 555 2023 507 Thereafter 2,639 Total undiscounted cash flows $ 5,637 Minimum rental income to be received in the future under non-cancelable operating subleases $ 7 The Firm’s leases are principally non-cancelable operating real estate leases. Guarantees Obligations under Guarantee Arrangements at September 30, 2019 Maximum Potential Payout/Notional Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Credit derivatives $ 33,594 $ 40,198 $ 96,188 $ 59,432 $ 229,412 Other credit contracts — — — 116 116 Non-credit derivatives 1,715,003 1,467,985 434,155 673,378 4,290,521 Standby letters of credit and other financial guarantees issued 1 1,018 886 1,410 4,217 7,531 Market value guarantees 85 89 1 — 175 Liquidity facilities 4,545 — — — 4,545 Whole loan sales guarantees — — — 23,196 23,196 Securitization representations and warranties — — — 66,530 66,530 General partner guarantees 65 127 12 71 275 Client clearing guarantees 9,746 — — — 9,746 $ in millions Carrying Amount Asset (Liability) Collateral/ Recourse Credit derivatives 2 $ 789 $ — Other credit contracts (18 ) — Non-credit derivatives 2 (76,165 ) — Standby letters of credit and other financial guarantees issued 1 224 6,488 Market value guarantees — 72 Liquidity facilities 6 7,925 Whole loan sales guarantees — — Securitization representations and warranties 3 (42 ) — General partner guarantees (44 ) — Client clearing guarantees — 9,745 1. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.6 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. 2. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. Therefore the collateral or recourse available to the firm in the form of cash collateral and counterparty netting is not reflected in the Collateral/Recourse amounts above. For further information on derivative contracts, including the effects of cash collateral and counterparty netting, see Note 4. 3. Primarily related to residential mortgage securitizations. The Firm has obligations under certain guarantee arrangements, including contracts and indemnification agreements, that contingently require the Firm to make payments to the guaranteed party based on changes in an underlying measure (such as an interest or foreign exchange rate, security or commodity price, an index, or the occurrence or non-occurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. Also included as guarantees are contracts that contingently require the Firm to make payments to the guaranteed party based on another entity’s failure to perform under an agreement, as well as indirect guarantees of the indebtedness of others. In certain situations, collateral may be held by the Firm for those contracts that meet the definition of a guarantee. Generally, the Firm sets collateral requirements by counterparty so that the collateral covers various transactions and products and is not allocated specifically to individual contracts. Also, the Firm may recover amounts related to the underlying asset delivered to the Firm under a derivative contract. For more information on the nature of the obligation and related business activity for market value guarantees, liquidity facilities, whole loan sales guarantees and general partner guarantees related to certain investment management funds, as well as the other products in the previous table, see Note 12 to the financial statements in the 2018 Form 10-K , except for Clearing member guarantees, which are described below. Client Clearing Guarantees. In the second quarter of 2019, the Firm became a sponsoring member of the Government Securities Division of the FICC's Sponsored Clearing Model. Clients of the Firm, as sponsored members, can transact in overnight securities repurchase and resale agreements, which are cleared through FICC. As sponsoring member, the Firm guarantees to FICC the prompt and full payment and performance of its clients’ obligations. The amount included in the previous table represents the maximum potential payout the Firm could be responsible for through the guarantee it provides. The Firm minimizes credit exposure under this guarantee by obtaining a security interest in its sponsored member clients’ collateral and their contractual rights under sponsored member transactions. Therefore, the Firm's exposure is estimated to be an amount substantially lower than the maximum potential payout amount. Other Guarantees and Indemnities In the normal course of business, the Firm provides guarantees and indemnifications in a variety of transactions. These provisions generally are standard contractual terms. Certain of these guarantees and indemnifications related to indemnities, exchange and clearinghouse member guarantees and merger and acquisition guarantees are described in Note 12 to the financial statements in the 2018 Form 10-K . In addition, in the ordinary course of business, the Firm guarantees the debt and/or certain trading obligations (including obligations associated with derivatives, foreign exchange contracts and the settlement of physical commodities) of certain subsidiaries. These guarantees generally are entity or product specific and are required by investors or trading counterparties. The activities of the Firm’s subsidiaries covered by these guarantees (including any related debt or trading obligations) are included in the financial statements. Finance Subsidiary The Parent Company fully and unconditionally guarantees the securities issued by Morgan Stanley Finance LLC, a 100%-owned finance subsidiary. Contingencies Legal. In addition to the matters described below, in the normal course of business, the Firm has been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with its activities as a global diversified financial services institution. Certain of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. In some cases, the entities that would otherwise be the primary defendants in such cases are bankrupt or are in financial distress. These actions have included, but are not limited to, residential mortgage and credit crisis-related matters. While the Firm has identified below any individual proceedings where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or are not yet determined to be probable or possible and reasonably estimable losses. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. In many proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal proceedings and investigations, the Firm cannot reasonably estimate such losses, particularly for proceedings and investigations where the factual record is being developed or contested or where plaintiffs or government entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, determination of issues related to class certification and the calculation of damages or other relief, and by addressing novel or unsettled legal questions relevant to the proceedings or investigations in question, before a loss or additional loss or range of loss or additional range of loss can be reasonably estimated for a proceeding or investigation. For certain other legal proceedings and investigations, the Firm can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued but does not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on the Firm’s financial statements as a whole, other than the matters referred to in the following paragraphs. On July 15, 2010 , China Development Industrial Bank (“CDIB”) filed a complaint against the Firm, styled China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al. , which is pending in the Supreme Court of the State of New York, New York County (“Supreme Court of NY”). The complaint relates to a $275 million CDS referencing the super senior portion of the STACK 2006-1 CDO. The complaint asserts claims for common law fraud, fraudulent inducement and fraudulent concealment and alleges that the Firm misrepresented the risks of the STACK 2006-1 CDO to CDIB, and that the Firm knew that the assets backing the CDO were of poor quality when it entered into the CDS with CDIB. The complaint seeks compensatory damages related to the approximately $228 million that CDIB alleges it has already lost under the CDS, rescission of CDIB’s obligation to pay an additional $12 million , punitive damages, equitable relief, fees and costs. On February 28, 2011, the court denied the Firm’s motion to dismiss the complaint. On December 21, 2018, the court denied the Firm’s motion for summary judgment and granted in part the Firm’s motion for sanctions relating to spoliation of evidence. On January 24, 2019, CDIB filed a notice of appeal from the court’s December 21, 2018 order, and on January 25, 2019, the Firm filed a notice of appeal from the same order. On March 7, 2019, the court denied the relief that CDIB sought in a motion to clarify and resettle the portion of the court’s December 21, 2018 order granting spoliation sanctions. Based on currently available information, the Firm believes it could incur a loss in this action of up to approximately $240 million plus pre- and post-judgment interest, fees and costs. On July 8, 2013 , U.S. Bank National Association, in its capacity as trustee, filed a complaint against the Firm styled U.S. Bank National Association, solely in its capacity as Trustee of the Morgan Stanley Mortgage Loan Trust 2007-2AX (MSM 2007-2AX) v. Morgan Stanley Mortgage Capital Holdings LLC, Successor-by-Merger to Morgan Stanley Mortgage Capital Inc. and GreenPoint Mortgage Funding, Inc. , pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $650 million , breached various representations and warranties. The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, unspecified damages and interest. On November 24, 2014, the court granted in part and denied in part the Firm’s motion to dismiss the complaint. On April 4, 2019, the court denied the Firm’s motion to renew its motion to dismiss. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $240 million , the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands that it did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On September 19, 2014 , Financial Guaranty Insurance Company (“FGIC”) filed a complaint against the Firm in the Supreme Court of NY, styled Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. relating to a securitization issued by Basket of Aggregated Residential NIMS 2007-1 Ltd. The complaint asserts claims for breach of contract and alleges, among other things, that the net interest margin securities (“NIMS”) in the trust breached various representations and warranties. FGIC issued a financial guaranty policy with respect to certain notes that had an original balance of approximately $475 million . The complaint seeks, among other relief, specific performance of the NIMS breach remedy procedures in the transaction documents, unspecified damages, reimbursement of certain payments made pursuant to the transaction documents, attorneys’ fees and interest. On November 24, 2014, the Firm filed a motion to dismiss the complaint, which the court denied on January 19, 2017. On September 13, 2018, the Appellate Division, First Department, affirmed the lower court’s order denying the Firm’s motion to dismiss. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $126 million , the unpaid balance of these notes, plus pre- and post-judgment interest, fees and costs, as well as claim payments that FGIC has made and will make in the future. On September 23, 2014 , FGIC filed a complaint against the Firm in the Supreme Court of NY styled Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. relating to the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4. The complaint asserts claims for breach of contract and fraudulent inducement and alleges, among other things, that the loans in the trust breached various representations and warranties and defendants made untrue statements and material omissions to induce FGIC to issue a financial guaranty policy on certain classes of certificates that had an original balance of approximately $876 million . The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, compensatory, consequential and punitive damages, attorneys’ fees and interest. On January 23, 2017, the court denied the Firm’s motion to dismiss the complaint. On September 13, 2018, the Appellate Division, First Department, affirmed in part and reversed in part the lower court’s order denying the Firm’s motion to dismiss. On December 20, 2018, the Appellate Division denied plaintiff’s motion for leave to appeal the decision of the Appellate Division, First Department, to the New York Court of Appeals ("Court of Appeals") or, in the alternative, for re-argument. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $277 million , the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands from a certificate holder and FGIC that the Firm did not repurchase, plus pre- and post-judgment interest, fees and costs, as well as claim payments that FGIC has made and will make in the future. In addition, plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. On January 23, 2015 , Deutsche Bank National Trust Company, in its capacity as trustee, filed a complaint against the Firm styled Deutsche Bank National Trust Company solely in its capacity as Trustee of the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LLC as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc., and Morgan Stanley ABS Capital I Inc. , pending in the Supreme Court of NY. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $1.05 billion , breached various representations and warranties. The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, compensatory, consequential, rescissory, equitable and punitive damages, attorneys’ fees, costs and other related expenses, and interest. On December 11, 2015, the court granted in part and denied in part the Firm’s motion to dismiss the complaint. On October 19, 2018, the court granted the Firm’s motion for leave to amend its answer and to stay the case pending resolution of Deutsche Bank National Trust Company’s appeal to the Court of Appeals in another case. On January 17, 2019, the First Department reversed the trial court’s order to the extent that it had granted in part the Firm’s motion to dismiss the complaint. On June 4, 2019, the Appellate Division, First Department, granted Morgan Stanley’s motion for leave to appeal to the Court of Appeals. Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately $277 million , the total original unpaid balance of the mortgage loans for which the Firm received repurchase demands from a certificate holder and a monoline insurer that the Firm did not repurchase, plus pre- and post-judgment interest, fees and costs, but plaintiff is seeking to expand the number of loans at issue and the possible range of loss could increase. In matters styled Case number 15/3637 and Case number 15/4353 , the Dutch Tax Authority (“Dutch Authority”) has challenged, in the District Court in Amsterdam, the prior set-off by the Firm of approximately €124 million (approximately $135 million ) plus accrued interest of withholding tax credits against the Firm’s corporation tax liabilities for the tax years 2007 to 2013. The Dutch Authority alleges that the Firm was not entitled to receive the withholding tax credits on the basis, inter alia, that a Firm subsidiary did not hold legal title to certain securities subject to withholding tax on the relevant dates. The Dutch Authority has also alleged that the Firm failed to provide certain information to the Dutch Authority and keep adequate books and records. A hearing took place in this matter on September 19, 2017. On April 26, 2018, the District Court in Amsterdam issued a decision dismissing the Dutch Authority’s claims. On June 4, 2018, the Dutch Authority filed an appeal before the Court of Appeal in Amsterdam in matters re-styled Case number 18/00318 and Case number 18/ 00319. On June 26 and July 2, 2019, a hearing of the Dutch Authority’s appeal was held in the matters styled Case number 15/3637 and Case number 15/4353 . Based on currently available information, the Firm believes that it could incur a loss in this action of up to approximately €124 million (approximately $135 million ) plus accrued interest.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	9 Months Ended
	Sep. 30, 2019
Variable Interest Entities and Securitization Activities [Abstract]
Variable Interest Entities and Securitization Activities	Variable Interest Entities and Securitization Activities Consolidated VIEs Assets and Liabilities by Type of Activity At September 30, 2019 At December 31, 2018 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities OSF $ 281 $ — $ 267 $ — MABS 1 13 4 59 38 Other 2 879 69 809 48 Total $ 1,173 $ 73 $ 1,135 $ 86 OSF—Other structured financings 1. Amounts 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 and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Other primarily includes certain operating entities, investment funds and structured transactions. Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents: Cash and due from banks $ 104 $ 77 Restricted cash 173 171 Trading assets at fair value 374 314 Customer and other receivables 10 25 Goodwill — 18 Intangible assets 114 128 Other assets 398 402 Total $ 1,173 $ 1,135 Liabilities Other secured financings $ 32 $ 64 Other liabilities and accrued expenses 41 22 Total $ 73 $ 86 Noncontrolling interests $ 160 $ 106 Consolidated VIE assets and liabilities are presented in the previous tables after intercompany eliminations. Most assets owned by consolidated VIEs cannot be removed unilaterally by the Firm and are not generally available to the Firm. Most related liabilities issued by consolidated VIEs are non-recourse to the Firm. In certain other consolidated VIEs, the Firm either has the unilateral right to remove assets or provides additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. In general, the Firm’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE net assets recognized in its financial statements, net of amounts absorbed by third-party variable interest holders. Non-consolidated VIEs At September 30, 2019 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 115,498 $ 1,475 $ 7,011 $ 2,298 $ 42,383 Maximum exposure to loss 3 Debt and equity interests $ 15,538 $ 157 $ 62 $ 965 $ 10,393 Derivative and other contracts — — 4,545 — 2,979 Commitments, guarantees and other 660 — — — 783 Total $ 16,198 $ 157 $ 4,607 $ 965 $ 14,155 Carrying value of variable interests—Assets Debt and equity interests $ 15,538 $ 157 $ 62 $ 964 $ 10,393 Derivative and other contracts — — 6 — 208 Total $ 15,538 $ 157 $ 68 $ 964 $ 10,601 Additional VIE assets owned 4 $ 11,192 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ — $ — $ 211 At December 31, 2018 5 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 106,197 $ 10,848 $ 7,014 $ 3,314 $ 38,603 Maximum exposure to loss 3 Debt and equity interests $ 15,671 $ 1,169 $ — $ 1,622 $ 7,967 Derivative and other contracts — — 4,449 — 1,768 Commitments, guarantees and other 1,073 3 — 235 509 Total $ 16,744 $ 1,172 $ 4,449 $ 1,857 $ 10,244 Carrying value of variable interests – Assets Debt and equity interests $ 15,671 $ 1,169 $ — $ 1,205 $ 7,967 Derivative and other contracts — — 6 — 87 Total $ 15,671 $ 1,169 $ 6 $ 1,205 $ 8,054 Additional VIE assets owned 4 $ 12,059 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ — $ — $ 185 MTOB—Municipal tender option bonds 1. MABS includes loan– and security–form interests collateralized by pools of residential and commercial mortgages. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm. 4. Additional VIE assets owned represents the carrying value of total exposure to non-consolidated VIEs for which the maximum exposure to loss is less than specific thresholds, primarily interests issued by securitization SPEs. The Firm’s primary risk exposure is to the most subordinate class of beneficial interest and maximum exposure to loss generally equals the fair value of the assets owned. These assets are primarily included in Trading assets and Investment securities and are measured at fair value (see Note 3). The Firm does not provide additional support in these transactions through contractual facilities, guarantees or similar derivatives. 5. The carrying value and maximum exposure to loss of variable interests related to MABS and Other have been revised to reflect the addition of approximately $11 billion in loans to VIEs that were previously excluded. The VIE asset (UPB) amounts have also been revised by approximately $54 billion . This disclosure-only revision did not impact the Firm’s balance sheets. The majority of the VIEs included in the previous tables are sponsored by unrelated parties; examples of the Firm’s involvement with these VIEs include its secondary market-making activities and the securities held in its Investment securities portfolio (see Note 5). The Firm’s maximum exposure to loss is dependent on the nature of the Firm’s variable interest in the VIE and is limited to the notional amounts of certain liquidity facilities and other credit support, total return swaps and written put options, as well as the fair value of certain other derivatives and investments the Firm has made in the VIE. The Firm’s maximum exposure to loss in the previous tables does not include the offsetting benefit of hedges or any reductions associated with the amount of collateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Liabilities issued by VIEs generally are non-recourse to the Firm. Mortgage- and Asset-Backed Securitization Assets At September 30, 2019 At December 31, 2018 1 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 28,005 $ 4,144 $ 27,594 $ 4,581 Commercial mortgages 49,354 3,969 55,501 4,327 U.S. agency collateralized mortgage obligations 31,997 5,341 14,969 3,443 Other consumer or commercial loans 6,142 2,084 8,133 3,320 Total $ 115,498 $ 15,538 $ 106,197 $ 15,671 1. The balances as of December 31, 2018 were revised as noted in the Non-consolidated VIEs table herein. Transfers of Assets with Continuing Involvement At September 30, 2019 1 $ in millions RML CML U.S. Agency CMO CLN and Other 2 SPE assets (UPB) 3 $ 12,726 $ 77,431 $ 14,841 $ 6,637 Retained interests Investment grade $ 27 $ 620 $ 1,463 $ 1 Non-investment grade 18 199 — 89 Total $ 45 $ 819 $ 1,463 $ 90 Interests purchased in the secondary market (fair value) Investment grade $ 7 $ 244 $ 15 $ 5 Non-investment grade 35 22 — — Total $ 42 $ 266 $ 15 $ 5 Derivative assets (fair value) $ — $ — $ — $ 201 Derivative liabilities (fair value) — — — 69 At December 31, 2018 $ in millions RML CML U.S. Agency CMO CLN and Other 2 SPE assets (UPB) 3 $ 14,376 $ 68,593 $ 16,594 $ 14,608 Retained interests Investment grade $ 17 $ 483 $ 1,573 $ 3 Non-investment grade 4 212 — 210 Total $ 21 $ 695 $ 1,573 $ 213 Interests purchased in the secondary market (fair value) Investment grade $ 7 $ 91 $ 102 $ — Non-investment grade 28 71 — — Total $ 35 $ 162 $ 102 $ — Derivative assets (fair value) $ — $ — $ — $ 216 Derivative liabilities (fair value) — — — 178 Fair Value At September 30, 2019 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 1,475 $ 17 $ 1,492 Non-investment grade 11 107 118 Total $ 1,486 $ 124 $ 1,610 Interests purchased in the secondary market Investment grade $ 268 $ 3 $ 271 Non-investment grade 37 20 57 Total $ 305 $ 23 $ 328 Derivative assets $ 163 $ 38 $ 201 Derivative liabilities 65 4 69 Fair Value At December 31, 2018 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 1,580 $ 13 $ 1,593 Non-investment grade 174 252 426 Total $ 1,754 $ 265 $ 2,019 Interests purchased in the secondary market Investment grade $ 193 $ 7 $ 200 Non-investment grade 83 16 99 Total $ 276 $ 23 $ 299 Derivative assets $ 121 $ 95 $ 216 Derivative liabilities 175 3 178 RML—Residential mortgage loans CML—Commercial mortgage loans 1. As permitted by applicable guidance, certain transfers of assets where the Firm’s only continuing involvement is a derivative are only reported in the following Assets Sold with Retained Exposure table, and are no longer also included in this table. At December 31, 2018 these transactions were included in CLN and Other and comprised approximately $8 billion in UPB, $20 million in Derivative assets and $119 million in Derivative liabilities. 2. Amounts include CLO transactions managed by unrelated third parties. 3. Amounts include assets transferred by unrelated transferors. The transfers of assets with continuing involvement tables include transactions with SPEs in which the Firm, acting as principal, transferred financial assets with continuing involvement and received sales treatment. Transferred assets are carried at fair value prior to securitization, and any changes in fair value are recognized in the income statements. The Firm may act as underwriter of the beneficial interests issued by these securitization vehicles, for which Investment banking revenues are recognized. The Firm may retain interests in the securitized financial assets as one or more tranches of the securitization. These retained interests are generally carried at fair value in the balance sheets with changes in fair value recognized in the income statements. Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 New transactions 1 $ 8,651 $ 7,299 $ 20,897 $ 19,056 Retained interests 902 584 4,424 2,222 Sales of corporate loans to CLO SPEs 1, 2 — 17 — 253 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented. 2. Sponsored by non-affiliates. The Firm has provided, or otherwise agreed to be responsible for, representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Firm (see Note 11). Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 35,328 $ 27,121 Fair value Assets sold $ 35,600 $ 26,524 Derivative assets recognized 534 164 Derivative liabilities recognized 250 763 1. The carrying value of assets derecognized at the time of sale approximates gross cash proceeds. The Firm enters into transactions in which it sells securities, primarily equities and contemporaneously enters into bilateral OTC derivatives with the purchasers of the securities, through which it retains exposure to the sold securities. For a discussion of the Firm’s VIEs, the determination and structure of VIEs and securitization activities, see Note 13 to the financial statements in the 2018 Form 10-K .

Regulatory Requirements

Regulatory Requirements	9 Months Ended
	Sep. 30, 2019
Brokers and Dealers [Abstract]
Regulatory Requirements	Regulatory Requirements Regulatory Capital Framework and Requirements For a discussion of the Firm’s regulatory capital framework, see Note 14 to the financial statements in the 2018 Form 10-K . The Firm is required to maintain minimum risk-based and leverage-based capital ratios under regulatory capital requirements. A summary of the calculations of regulatory capital, RWA and transition provisions follows. Minimum risk-based capital ratio requirements apply to Common Equity Tier 1 capital, Tier 1 capital and Total capital (which includes Tier 2 capital). Capital standards require certain adjustments to, and deductions from, capital for purposes of determining these ratios. In addition to the minimum risk-based capital ratio requirements, the Firm is subject to the following buffers in 2019 : • A greater than 2.5% Common Equity Tier 1 capital conservation buffer; • The Common Equity Tier 1 G-SIB capital surcharge, currently at 3% ; and • Up to a 2.5% Common Equity Tier 1 CCyB, currently set by U.S. banking agencies at zero . In 2018 , each of these buffers was 75% of the fully phased-in 2019 requirement noted above. Failure to maintain the buffers would 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. The Firm’s Regulatory Capital and Capital Ratios At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 10.0 % $ 64,348 16.3 % Tier 1 capital 11.5 % 72,937 18.5 % Total capital 13.5 % 82,661 20.9 % Total RWA 394,875 Leverage-based capital Tier 1 leverage 4.0 % $ 72,937 8.2 % Adjusted average assets 2 892,912 SLR 5.0 % 72,937 6.3 % Supplementary leverage exposure 3 1,155,497 At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 8.6 % $ 62,086 16.9 % Tier 1 capital 10.1 % 70,619 19.2 % Total capital 12.1 % 80,052 21.8 % Total RWA 367,309 Leverage-based capital Tier 1 leverage 4.0 % $ 70,619 8.4 % Adjusted average assets 2 843,074 SLR 5.0 % 70,619 6.5 % Supplementary leverage exposure 3 1,092,672 1. Required ratios are inclusive of any buffers applicable as of the date presented. For 2018 , the minimum required regulatory capital ratios for risk-based capital are under the transitional rules. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets during the quarters ended September 30, 2019 and December 31, 2018 , reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm's own capital instruments, certain deferred tax assets and other capital deductions. 3. Supplementary leverage exposure is the sum of Adjusted average assets used in the Tier 1 leverage ratio and other adjustments, primarily (i) for derivatives: potential future exposure and the effective notional principal amount of sold credit protection offset by qualifying purchased credit protection; (ii) the counterparty credit risk for repo-style transactions; and (iii) the credit equivalent amount for off-balance sheet exposures. At September 30, 2019 and December 31, 2018 , the Firm’s risk-based capital ratios are based on the Standardized Approach rules. U.S. Bank Subsidiaries’ Regulatory Capital and Capital Ratios The OCC establishes capital requirements for the Firm’s U.S. Bank Subsidiaries and evaluates their compliance with such capital requirements. Regulatory capital requirements for the U.S. Bank Subsidiaries are calculated in a similar manner to the Firm’s regulatory capital requirements, although G-SIB capital surcharge requirements do not apply to the U.S. Bank Subsidiaries. The OCC’s regulatory capital framework includes Prompt Corrective Action (“PCA”) standards, including “well-capitalized” PCA standards that are based on specified regulatory capital ratio minimums. For the Firm to remain an FHC, the U.S. Bank Subsidiaries must remain well-capitalized in accordance with the OCC’s PCA standards. In addition, failure by the U.S. Bank Subsidiaries to meet minimum capital requirements may result in certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the U.S. Bank Subsidiaries’ and the Firm’s financial statements. At September 30, 2019 and December 31, 2018 , the U.S. Bank Subsidiaries’ risk-based capital ratios are based on the Standardized Approach rules, and in each period, the ratios exceeded well-capitalized requirements. MSBNA’s Regulatory Capital At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 16,641 19.9 % Tier 1 capital 8.0 % 16,641 19.9 % Total capital 10.0 % 16,953 20.3 % Leverage-based capital Tier 1 leverage 5.0 % $ 16,641 11.9 % SLR 6.0 % 16,641 9.2 % At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 15,221 19.5 % Tier 1 capital 8.0 % 15,221 19.5 % Total capital 10.0 % 15,484 19.8 % Leverage-based capital Tier 1 leverage 5.0 % $ 15,221 10.5 % SLR 6.0 % 15,221 8.2 % MSPBNA’s Regulatory Capital At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 8,281 27.3 % Tier 1 capital 8.0 % 8,281 27.3 % Total capital 10.0 % 8,331 27.5 % Leverage-based capital Tier 1 leverage 5.0 % $ 8,281 10.8 % SLR 6.0 % 8,281 10.3 % At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 7,183 25.2 % Tier 1 capital 8.0 % 7,183 25.2 % Total capital 10.0 % 7,229 25.4 % Leverage-based capital Tier 1 leverage 5.0 % $ 7,183 10.0 % SLR 6.0 % 7,183 9.6 % 1. Ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes. U.S. Broker-Dealer Regulatory Capital Requirements MS&Co. Regulatory Capital $ in millions At September 30, 2019 At December 31, 2018 Net capital $ 13,358 $ 13,797 Excess net capital 10,453 11,333 MS&Co. is a registered U.S. broker-dealer and registered futures commission merchant and, accordingly, is subject to the minimum net capital requirements of the SEC and the CFTC. MS&Co. has consistently operated with capital in excess of its regulatory capital requirements. As an Alternative Net Capital broker-dealer, and in accordance with the market and credit risk standards of Appendix E of SEC Rule 15c3-1, MS&Co. is subject to minimum net capital and tentative net capital requirements. In addition, MS&Co. must notify the SEC if its tentative net capital falls below certain levels. At September 30, 2019 and December 31, 2018 , MS&Co. has exceeded its net capital requirement and has tentative net capital in excess of the minimum and notification requirements. MSSB LLC Regulatory Capital $ in millions At September 30, 2019 At December 31, 2018 Net capital $ 3,772 $ 3,455 Excess net capital 3,634 3,313 MSSB LLC is a registered U.S. broker-dealer and introducing broker for the futures business and, accordingly, is subject to the minimum net capital requirements of the SEC. MSSB LLC has consistently operated with capital in excess of its regulatory capital requirements. Other Regulated Subsidiaries MSIP, a London-based broker-dealer subsidiary, is subject to the capital requirements of the PRA, and MSMS, a Tokyo-based broker-dealer subsidiary, is subject to the capital requirements of the Financial Services Agency. MSIP and MSMS have consistently operated with capital in excess of their respective regulatory capital requirements.

Total Equity

Total Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Total Equity	Total Equity Share Repurchases Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Repurchases of common stock under our Share Repurchase Program $ 1,500 $ 1,180 $ 3,860 $ 3,680 The Firm’s 2019 Capital Plan (“Capital Plan”) includes the share repurchase of up to $6.0 billion of outstanding common stock for the period beginning July 1, 2019 through June 30, 2020 . Additionally, the Capital Plan includes quarterly common stock dividends of up to $0.35 per share, beginning with the common stock dividend announced on July 18, 2019. For information about the Firm's 2018 Capital Plan, see Note 15 to the financial statements in the 2018 Form 10-K . A portion of common stock repurchases was conducted under a sales plan with MUFG, whereby MUFG sold shares of the Firm’s common stock to the Firm, as part of the Firm’s Share Repurchase Program. The sales plan is only intended to maintain MUFG’s ownership percentage below 24.9% in order to comply with MUFG’s passivity commitments to the Board of Governors of the Federal Reserve System and has no impact on the strategic alliance between MUFG and the Firm, including the joint ventures in Japan. Common Stock Dividends Per Share Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Dividends declared per common share $ 0.35 $ 0.30 $ 0.95 $ 0.80 Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation Preference per Share At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 K 40,000 25,000 1,000 1,000 Total $ 8,520 $ 8,520 Shares authorized 30,000,000 1. Series C is composed 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 . For a description of Series A through Series K preferred stock issuances, see Note 15 to the financial statements in the 2018 Form 10-K . Preferred stock has a preference over common stock upon liquidation. The Firm’s preferred stock qualifies as Tier 1 capital in accordance with regulatory capital requirements (see Note 13 ). Preferred Stock Dividends $ in millions, except per share data Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Series A $ 256 $ 11 $ 256 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 15 430 15 G 414 8 414 8 H 378 20 — — I 398 16 398 16 J — — — — K 366 15 366 15 Total $ 113 $ 93 $ in millions, except per share data Nine Months Ended Nine Months Ended Per Share 1 Total Per Share 1 Total Series A $ 758 $ 33 $ 758 $ 33 C 75 39 75 39 E 1,336 45 1,336 45 F 1,289 45 1,289 45 G 1,242 24 1,242 24 H 1,059 55 681 35 I 1,195 48 1,195 48 J 694 42 694 42 K 1,097 45 1,097 45 Total $ 376 $ 356 1. Dividends on preferred stock are payable quarterly, except for Series H, which was payable semiannually until July 15, 2019 and is now payable quarterly, and Series J, which is payable semiannually until July 15, 2020, and quarterly thereafter. Accumulated Other Comprehensive Income (Loss) 1 $ in millions Foreign Currency Translation Adjustments AFS Securities Pension, Postretirement and Other DVA Total June 30, 2019 $ (865 ) $ 108 $ (574 ) $ (720 ) $ (2,051 ) OCI during the period (96 ) 214 3 332 453 September 30, 2019 $ (961 ) $ 322 $ (571 ) $ (388 ) $ (1,598 ) June 30, 2018 $ (864 ) $ (1,194 ) $ (704 ) $ (308 ) $ (3,070 ) OCI during the period (54 ) (171 ) 5 (709 ) (929 ) September 30, 2018 $ (918 ) $ (1,365 ) $ (699 ) $ (1,017 ) $ (3,999 ) December 31, 2018 $ (889 ) $ (930 ) $ (578 ) $ 105 $ (2,292 ) OCI during the period (72 ) 1,252 7 (493 ) 694 September 30, 2019 $ (961 ) $ 322 $ (571 ) $ (388 ) $ (1,598 ) December 31, 2017 $ (767 ) $ (547 ) $ (591 ) $ (1,155 ) $ (3,060 ) Cumulative adjustment for accounting changes 2 (8 ) (111 ) (124 ) (194 ) (437 ) OCI during the period (143 ) (707 ) 16 332 (502 ) September 30, 2018 $ (918 ) $ (1,365 ) $ (699 ) $ (1,017 ) $ (3,999 ) 1. Amounts are net of tax and exclude noncontrolling interests. 2. The cumulative adjustment for accounting changes is primarily the effect of the adoption of the accounting update Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This adjustment was recorded as of January 1, 2018 to reclassify certain income tax effects related to enactment of the Tax Act from AOCI to Retained earnings, primarily related to the remeasurement of deferred tax assets and liabilities resulting from the reduction in the corporate income tax rate to 21%. See Note 2 for further information. Components of Period Changes in OCI Three Months Ended September 30, 2019 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non- controlling Interests Net Foreign currency translation adjustments OCI activity $ (26 ) $ (73 ) $ (99 ) $ (3 ) $ (96 ) Reclassified to earnings — — — — — Net OCI $ (26 ) $ (73 ) $ (99 ) $ (3 ) $ (96 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ 307 $ (73 ) $ 234 $ — $ 234 Reclassified to earnings (26 ) 6 (20 ) — (20 ) Net OCI $ 281 $ (67 ) $ 214 $ — $ 214 Pension, postretirement and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 4 (1 ) 3 — 3 Net OCI $ 4 $ (1 ) $ 3 $ — $ 3 Change in net DVA OCI activity $ 441 $ (106 ) $ 335 $ 5 $ 330 Reclassified to earnings 2 — 2 — 2 Net OCI $ 443 $ (106 ) $ 337 $ 5 $ 332 Three Months Ended September 30, 2018 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non- controlling Interests Net Foreign currency translation adjustments OCI activity $ (44 ) $ (35 ) $ (79 ) $ (25 ) $ (54 ) Reclassified to earnings — — — — — Net OCI $ (44 ) $ (35 ) $ (79 ) $ (25 ) $ (54 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ (219 ) $ 51 $ (168 ) $ — $ (168 ) Reclassified to earnings (5 ) 2 (3 ) — (3 ) Net OCI $ (224 ) $ 53 $ (171 ) $ — $ (171 ) Pension, postretirement and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 7 (2 ) 5 — 5 Net OCI $ 7 $ (2 ) $ 5 $ — $ 5 Change in net DVA OCI activity $ (1,018 ) $ 248 $ (770 ) $ (34 ) $ (736 ) Reclassified to earnings 36 (9 ) 27 — 27 Net OCI $ (982 ) $ 239 $ (743 ) $ (34 ) $ (709 ) Nine Months Ended 1 $ in millions Pre-tax Income After-tax Non- Net Foreign currency translation adjustments OCI activity $ 2 $ (58 ) $ (56 ) $ 16 $ (72 ) Reclassified to earnings — — — — — Net OCI $ 2 $ (58 ) $ (56 ) $ 16 $ (72 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ 1,726 $ (406 ) $ 1,320 $ — $ 1,320 Reclassified to earnings (89 ) 21 (68 ) — (68 ) Net OCI $ 1,637 $ (385 ) $ 1,252 $ — $ 1,252 Pension, postretirement and other OCI activity $ — $ (1 ) $ (1 ) $ — $ (1 ) Reclassified to earnings 10 (2 ) 8 — 8 Net OCI $ 10 $ (3 ) $ 7 $ — $ 7 Change in net DVA OCI activity $ (713 ) $ 177 $ (536 ) $ (36 ) $ (500 ) Reclassified to earnings 9 (2 ) 7 — 7 Net OCI $ (704 ) $ 175 $ (529 ) $ (36 ) $ (493 ) Nine Months Ended 1 $ in millions Pre-tax Income After-tax Non- Net Foreign currency translation adjustments OCI activity $ (52 ) $ (102 ) $ (154 ) $ (11 ) $ (143 ) Reclassified to earnings — — — — — Net OCI $ (52 ) $ (102 ) $ (154 ) $ (11 ) $ (143 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ (916 ) $ 215 $ (701 ) $ — $ (701 ) Reclassified to earnings (8 ) 2 (6 ) — (6 ) Net OCI $ (924 ) $ 217 $ (707 ) $ — $ (707 ) Pension, postretirement and other OCI activity $ 2 $ — $ 2 $ — $ 2 Reclassified to earnings 19 (5 ) 14 — 14 Net OCI $ 21 $ (5 ) $ 16 $ — $ 16 Change in net DVA OCI activity $ 403 $ (97 ) $ 306 $ 15 $ 291 Reclassified to earnings 54 (13 ) 41 — 41 Net OCI $ 457 $ (110 ) $ 347 $ 15 $ 332 1. Exclusive of cumulative adjustments related to the adoption of certain accounting updates. Refer to the following table and Note 2 for further information. Cumulative Adjustments to Retained Earnings Related to the Adoption of Accounting Updates 1 Nine Months Ended $ in millions September 30, 2019 Leases $ 63 Nine Months Ended $ in millions September 30, 2018 Revenues from contracts with customers 2 $ (32 ) Derivatives and hedging—targeted improvements to accounting for hedging activities 2 (99 ) Reclassification of certain tax effects from AOCI 2 443 Other 3 (6 ) Total $ 306 1. There were no cumulative adjustments to retained earnings related to the adoption of accounting updates for the three months ended September 30, 2019 and 2018 . 2. See Note 2 to the financial statements in the 2018 Form 10-K for further information. 3. Other includes the adoption of accounting updates related to Recognition and Measurement of Financial Assets and Financial Liabilities (other than the provision around presenting unrealized DVA in OCI, which the Firm early adopted in 2016) and Derecognition of Nonfinancial Assets . The impact of these adoptions on Retained earnings was not significant.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings per Common Share Three Months Ended Nine Months Ended in millions, except for per share data 2019 2018 2019 2018 Earnings applicable to Morgan Stanley common shareholders $ 2,060 $ 2,019 $ 6,427 $ 6,861 Basic EPS Weighted average common shares outstanding 1,604 1,697 1,632 1,719 Earnings per basic common share $ 1.28 $ 1.19 $ 3.94 $ 3.99 Diluted EPS Weighted average common shares outstanding 1,604 1,697 1,632 1,719 Effect of dilutive RSUs and PSUs 23 30 21 30 Weighted average common shares outstanding and common stock equivalents 1,627 1,727 1,653 1,749 Earnings per diluted common share $ 1.27 $ 1.17 $ 3.89 $ 3.92 Weighted average antidilutive RSUs (excluded from the computation of diluted EPS) — 1 2 1

Interest Income and Interest Ex

Interest Income and Interest Expense	9 Months Ended
	Sep. 30, 2019
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Interest income Investment securities $ 579 $ 440 $ 1,563 $ 1,281 Loans 1,208 1,085 3,599 3,097 Securities purchased under agreements to resell and Securities borrowed 1 871 575 2,865 1,156 Trading assets, net of Trading liabilities 728 571 2,188 1,687 Customer receivables and Other 2 964 956 2,931 2,560 Total interest income $ 4,350 $ 3,627 $ 13,146 $ 9,781 Interest expense Deposits $ 505 $ 377 $ 1,460 $ 809 Borrowings 1,219 1,287 3,941 3,683 Securities sold under agreements to repurchase and Securities loaned 3 681 478 2,016 1,326 Customer payables and Other 4 727 549 2,468 1,146 Total interest expense $ 3,132 $ 2,691 $ 9,885 $ 6,964 Net interest $ 1,218 $ 936 $ 3,261 $ 2,817 1. Includes fees paid on Securities borrowed. 2. Includes interest from Customer receivables and Cash and cash equivalents. 3. Includes fees received on Securities loaned. 4. Includes fees received from prime brokerage customers for stock loan transactions entered into to cover customers’ short positions. Interest income and Interest expense are classified in the income statements based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense. k

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Firm is under continuous examination by the IRS and other tax authorities in certain countries, such as Japan and the U.K., and in states and localities in which it has significant business operations, such as New York. The Firm has established a liability for unrecognized tax benefits, and associated interest, if applicable (“tax liabilities”), that it believes is adequate in relation to the potential for additional assessments. Once established, the Firm adjusts such tax liabilities only when new information is available or when an event occurs necessitating a change. Net Discrete Tax Provisions/(Benefits) Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Recurring 1 $ — $ — $ (127 ) $ (164 ) Intermittent (89 ) (4 ) (190 ) (92 ) 1. Recurring discrete tax items are related to conversion of employee share-based awards. The Firm's effective tax rate for the current quarter included intermittent net discrete tax benefits primarily associated with the filing of the 2018 federal tax return and the remeasurement of reserves and related interest due to new information with regard to multi-jurisdiction tax examinations. The Firm’s effective tax rates for the current year period and prior year period included intermittent net discrete tax benefits primarily associated with the remeasurement of reserves and related interest due to new information with regard to multi-jurisdiction tax examinations and other matters. See Note 11 regarding the Dutch Tax Authority’s challenge, in the District Court in Amsterdam (matters styled Case number 15/3637 and Case number 15/4353) , of the Firm’s entitlement to certain withholding tax credits which may impact the balance of unrecognized tax benefits. It is reasonably possible that significant changes in the balance of unrecognized tax benefits occur within the next 12 months. At this time, however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on the Firm’s effective tax rate over the next 12 months. The Firm believes that the resolution of the previous tax examinations will not have a material effect on the annual financial statements, although a resolution could have a material impact in the income statements and on the effective tax rate for any period in which such resolution occurs.

Segment, Geographic and Revenue

Segment, Geographic and Revenue Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment, Geographic and Revenue Information	Segment, Geographic and Revenue Information Selected Financial Information by Business Segment Three Months Ended September 30, 2019 $ in millions IS WM IM I/E Total Investment banking 1 $ 1,535 $ 118 $ — $ (18 ) $ 1,635 Trading 2,533 61 2 12 2,608 Investments (18 ) — 105 — 87 Commissions and fees 1 643 416 1 (70 ) 990 Asset management 1 100 2,639 664 (40 ) 3,363 Other 51 81 — (1 ) 131 Total non-interest revenues 4,844 3,315 772 (117 ) 8,814 Interest income 3,112 1,378 4 (144 ) 4,350 Interest expense 2,933 335 12 (148 ) 3,132 Net interest 179 1,043 (8 ) 4 1,218 Net revenues $ 5,023 $ 4,358 $ 764 $ (113 ) $ 10,032 Income from continuing operations before income taxes $ 1,307 $ 1,238 $ 165 $ — $ 2,710 Provision for income taxes 189 276 27 — 492 Income from continuing operations 1,118 962 138 — 2,218 Net income 1,118 962 138 — 2,218 Net income applicable to noncontrolling interests 45 — — — 45 Net income applicable to Morgan Stanley $ 1,073 $ 962 $ 138 $ — $ 2,173 Three Months Ended September 30, 2018 $ in millions IS WM IM I/E Total Investment banking 1 $ 1,459 $ 129 $ — $ (21 ) $ 1,567 Trading 2,573 160 2 17 2,752 Investments 96 — 40 — 136 Commissions and fees 1 589 409 — (66 ) 932 Asset management 1 112 2,573 604 (38 ) 3,251 Other 244 58 (3 ) (1 ) 298 Total non-interest revenues 5,073 3,329 643 (109 ) 8,936 Interest income 2,425 1,412 19 (229 ) 3,627 Interest expense 2,569 342 9 (229 ) 2,691 Net interest (144 ) 1,070 10 — 936 Net revenues $ 4,929 $ 4,399 $ 653 $ (109 ) $ 9,872 Income from continuing operations before income taxes $ 1,556 $ 1,194 $ 102 $ (1 ) $ 2,851 Provision for income taxes 397 281 18 — 696 Income from continuing operations 1,159 913 84 (1 ) 2,155 Income (loss) from discontinued operations, net of income taxes (3 ) — 2 — (1 ) Net income 1,156 913 86 (1 ) 2,154 Net income applicable to noncontrolling interests 36 — 6 — 42 Net income applicable to Morgan Stanley $ 1,120 $ 913 $ 80 $ (1 ) $ 2,112 Nine Months Ended September 30, 2019 $ in millions IS WM IM I/E Total Investment banking 1 $ 4,158 $ 365 $ (1 ) $ (55 ) $ 4,467 Trading 8,221 525 (2 ) 37 8,781 Investments 257 1 543 — 801 Commissions and fees 1 1,889 1,250 1 (205 ) 2,935 Asset management 1 310 7,544 1,893 (115 ) 9,632 Other 416 281 (6 ) (6 ) 685 Total non-interest revenues 15,251 9,966 2,428 (344 ) 27,301 Interest income 9,457 4,139 14 (464 ) 13,146 Interest expense 9,376 950 35 (476 ) 9,885 Net interest 81 3,189 (21 ) 12 3,261 Net revenues $ 15,332 $ 13,155 $ 2,407 $ (332 ) $ 30,562 Income from continuing operations before income taxes $ 4,365 $ 3,669 $ 538 $ (4 ) $ 8,568 Provision for income taxes 703 830 104 (1 ) 1,636 Income from continuing operations 3,662 2,839 434 (3 ) 6,932 Net income 3,662 2,839 434 (3 ) 6,932 Net income applicable to noncontrolling interests 97 — 32 — 129 Net income applicable to Morgan Stanley $ 3,565 $ 2,839 $ 402 $ (3 ) $ 6,803 Nine Months Ended September 30, 2018 $ in millions IS WM IM I/E Total Investment banking 1 $ 4,671 $ 383 $ — $ (60 ) $ 4,994 Trading 9,344 404 23 44 9,815 Investments 234 3 172 — 409 Commissions and fees 1 2,007 1,349 — (212 ) 3,144 Asset management 1 324 7,582 1,840 (114 ) 9,632 Other 548 195 10 (5 ) 748 Total non-interest revenues 17,128 9,916 2,045 (347 ) 28,742 Interest income 6,424 4,012 37 (692 ) 9,781 Interest expense 6,809 830 20 (695 ) 6,964 Net interest (385 ) 3,182 17 3 2,817 Net revenues $ 16,743 $ 13,098 $ 2,062 $ (344 ) $ 31,559 Income from continuing operations before income taxes $ 5,480 $ 3,511 $ 390 $ (1 ) $ 9,380 Provision for income taxes 1,169 808 73 — 2,050 Income from continuing operations 4,311 2,703 317 (1 ) 7,330 Income (loss) from discontinued operations, net of income taxes (7 ) — 2 — (5 ) Net income 4,304 2,703 319 (1 ) 7,325 Net income applicable to noncontrolling interests 100 — 8 — 108 Net income applicable to Morgan Stanley $ 4,204 $ 2,703 $ 311 $ (1 ) $ 7,217 I/E–Intersegment Eliminations 1. Approximately 85% of Investment Banking revenues in the current quarter, 90% in the current year period and approximately 85% of Investment banking revenues in the prior year periods were accounted for as Revenues from Contracts with Customers . In all periods presented, substantially all of Commissions and fees and Asset management revenues were accounted for under this guidance. For a discussion about the Firm’s business segments, see Note 21 to the financial statements in the 2018 Form 10-K . Institutional Securities—Investment Banking Revenues Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Advisory $ 550 $ 510 $ 1,462 $ 1,702 Underwriting 985 949 2,696 2,969 Trading Revenues by Product Type Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Interest rate $ 894 $ 744 $ 2,283 $ 2,396 Foreign exchange 69 223 383 622 Equity security and index 1 1,076 1,432 4,005 5,094 Commodity and other 300 254 986 1,047 Credit 269 99 1,124 656 Total $ 2,608 $ 2,752 $ 8,781 $ 9,815 1. Dividend income is included within equity security and index contracts. The previous table summarizes gains and losses included in Trading revenues in the income statements. 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 its market-making and related risk management strategies. The trading revenues presented in the table are not representative of the manner in which the Firm manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Investment Management Investments Revenues—Net Unrealized Carried Interest $ in millions At At Net cumulative unrealized carried interest at risk of reversing $ 553 $ 434 The Firm’s portion of net cumulative unrealized carried interest (for which the Firm is not obligated to pay compensation) are at risk of reversing if the fund performance falls below the stated investment management agreement benchmarks. See Note 11 for information regarding general partner guarantees, which include potential obligations to return performance-based fees in the form of carried interest previously received. Investment Management Asset Management Revenues — Reduction of Fees due to Fee Waivers Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Fee waivers $ 11 $ 11 $ 32 $ 45 The Firm waives a portion of its fees in the Investment Management business segment from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. Separately, the Firm’s employees, including its senior officers, may participate on the same terms and conditions as other investors in certain funds that the Firm sponsors primarily for client investment, and the Firm may waive or lower applicable fees and charges for its employees. Net Revenues by Region Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Americas $ 7,489 $ 7,357 $ 22,336 $ 22,989 EMEA 1,409 1,355 4,687 4,892 Asia 1,134 1,160 3,539 3,678 Total $ 10,032 $ 9,872 $ 30,562 $ 31,559 For a discussion about the Firm’s geographic net revenues, see Note 21 to the financial statements in the 2018 Form 10-K . Revenue Recognized From Prior Services Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Non-interest revenues $ 841 $ 804 $ 1,995 $ 2,192 The previous table includes revenue from contracts with customers recognized where some or all services were performed in prior periods and is primarily composed of investment banking advisory fees and distribution fees. Certain Future Expected Revenues At September 30, 2019 $ in millions 2019 2020 2021 - 2025 thereafter Non-interest revenues $ 57 $ 132 $ 63 - $ 89 $ 239 The previous table reflects contracts with customers that are longer than one year in duration and the amounts invoiced do not necessarily correspond directly to the value transferred to the customer. These contracts are primarily for the future sale and transport of commodity related products. Receivables related to Revenues from Contracts with Customers $ in millions At At Customer and other receivables $ 2,114 $ 2,308 Receivables from contracts with customers, which are included within Customer and other receivables in the balance sheets, arise when the Firm has both recorded revenues and has the right per the contract to bill the customer. Assets by Business Segment $ in millions At At Institutional Securities $ 703,868 $ 646,427 Wealth Management 1 193,213 202,392 Investment Management 5,523 4,712 Total 2 $ 902,604 $ 853,531 1. The Firm acquired Solium Capital Inc. in the second quarter of 2019 and as a result recorded Goodwill of approximately $469 million and Intangible assets of approximately $268 million . 2. Parent assets have been fully allocated to the business segments.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Financial Information	Basis of Financial Information The unaudited consolidated financial statements (“financial statements”) are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the 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 financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. Intercompany balances and transactions have been eliminated. Certain reclassifications have been made to prior periods to conform to the current presentation. The Firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2018 Form 10-K . Certain footnote disclosures included in the 2018 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year.
Consolidation	Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 12). For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The net income attributable to noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the consolidated income statements (“income statements”). The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as noncontrolling interests, a component of total equity, in the consolidated balance sheets (“balance sheets”). For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2018 Form 10-K .
Accounting Updates Adopted	Accounting Updates Adopted The Firm adopted the following accounting updates on January 1, 2019. Prior periods are presented under previous policies. Leases Upon the adoption of Leases, the Firm began recognizing in the balance sheet leases with terms exceeding one year as right-of-use (“ROU”) assets and corresponding liabilities. The adoption resulted in an increase to Retained earnings of approximately $63 million , net of tax, related to deferred revenue from previously recorded sale-leaseback transactions. At transition on January 1, 2019, the adoption also resulted in a balance sheet gross-up of approximately $4 billion reflected in Other assets and Other liabilities and accrued expenses. See Note 11 for lease disclosures, including amounts reflected in the September 30, 2019 balance sheet. Prior period amounts were not restated. As allowed by the guidance, the Firm elected not to reassess the following at transition: whether existing contracts are or contain leases, and for existing leases, lease classification and initial direct costs. In addition, the Firm continues to account for existing land easements as service contracts. Both at transition and for new leases thereafter, ROU assets and lease liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term, including non-lease components such as fixed common area maintenance costs and other fixed costs such as real estate taxes and insurance. The discount rates used in determining the present value of leases are the Firm’s incremental borrowing rates, developed based upon each lease’s term and currency of payment. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Firm will exercise that option. For operating leases, the ROU assets also include any prepaid lease payments and initial direct costs incurred and are reduced by lease incentives. For these leases, lease expense is recognized on a straight-line basis over the lease term if the ROU asset has not been impaired or abandoned. Derivatives and Hedging (ASU 2018-16) The amendments in this update permit use of the OIS rate based on the Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes. The Firm adopted this update on a prospective basis for qualifying new or redesignated hedging relationships. This update did not impact the Firm’s pre-existing hedges.
Goodwill	Goodwill

Fair Values (Tables)

Fair Values (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis At September 30, 2019 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 44,129 $ 25,280 $ 18 $ — $ 69,427 Other sovereign government obligations 33,333 5,512 12 — 38,857 State and municipal securities — 3,080 1 — 3,081 MABS — 1,593 401 — 1,994 Loans and lending commitments 2 — 5,155 4,869 — 10,024 Corporate and other debt — 21,646 1,390 — 23,036 Corporate equities 3 92,191 459 103 — 92,753 Derivative and other contracts: Interest rate 1,965 220,709 1,502 — 224,176 Credit — 6,870 849 — 7,719 Foreign exchange 55 64,477 100 — 64,632 Equity 982 46,836 1,082 — 48,900 Commodity and other 1,305 6,866 3,099 — 11,270 Netting 1 (3,686 ) (265,103 ) (1,122 ) (54,162 ) (324,073 ) Total derivative and other contracts 621 80,655 5,510 (54,162 ) 32,624 Investments 4 514 200 785 — 1,499 Physical commodities — 1,022 — — 1,022 Total trading assets 170,788 144,602 13,089 (54,162 ) 274,317 Investment securities—AFS 34,931 29,783 — — 64,714 Securities purchased under agreements to resell — 4 — — 4 Total assets at fair value $ 205,719 $ 174,389 $ 13,089 $ (54,162 ) $ 339,035 At September 30, 2019 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 1,477 $ 145 $ — $ 1,622 Trading liabilities: U.S. Treasury and agency securities 12,826 194 1 — 13,021 Other sovereign government obligations 22,090 1,593 3 — 23,686 Corporate and other debt — 7,968 4 — 7,972 Corporate equities 3 63,197 95 32 — 63,324 Derivative and other contracts: Interest rate 1,730 211,860 714 — 214,304 Credit — 7,361 744 — 8,105 Foreign exchange 13 66,223 48 — 66,284 Equity 987 46,484 2,463 — 49,934 Commodity and other 1,324 6,456 1,125 — 8,905 Netting 1 (3,686 ) (265,103 ) (1,122 ) (42,219 ) (312,130 ) Total derivative and other contracts 368 73,281 3,972 (42,219 ) 35,402 Total trading liabilities 98,481 83,131 4,012 (42,219 ) 143,405 Securities sold under agreements to repurchase — 732 — — 732 Other secured financings — 6,242 110 — 6,352 Borrowings — 58,116 3,538 — 61,654 Total liabilities at fair value $ 98,481 $ 149,698 $ 7,805 $ (42,219 ) $ 213,765 At December 31, 2018 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,767 $ 29,594 $ 54 $ — $ 68,415 Other sovereign government obligations 28,395 5,529 17 — 33,941 State and municipal securities — 3,161 148 — 3,309 MABS — 2,154 354 — 2,508 Loans and lending commitments 2 — 4,055 6,870 — 10,925 Corporate and other debt — 18,129 1,076 — 19,205 Corporate equities 3 93,626 522 95 — 94,243 Derivative and other contracts: Interest rate 2,793 155,027 1,045 — 158,865 Credit — 5,707 421 — 6,128 Foreign exchange 62 63,023 161 — 63,246 Equity 1,256 45,596 1,022 — 47,874 Commodity and other 963 8,517 2,992 — 12,472 Netting 1 (4,151 ) (210,190 ) (896 ) (44,175 ) (259,412 ) Total derivative and other contracts 923 67,680 4,745 (44,175 ) 29,173 Investments 4 412 293 757 — 1,462 Physical commodities — 536 — — 536 Total trading assets 162,123 131,653 14,116 (44,175 ) 263,717 Investment securities—AFS 36,399 24,662 — — 61,061 Intangible assets — 5 — — 5 Total assets at fair value $ 198,522 $ 156,320 $ 14,116 $ (44,175 ) $ 324,783 At December 31, 2018 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 415 $ 27 $ — $ 442 Trading liabilities: U.S. Treasury and agency securities 11,272 543 — — 11,815 Other sovereign government obligations 21,391 1,454 — — 22,845 Corporate and other debt — 8,550 1 — 8,551 Corporate equities 3 56,064 199 15 — 56,278 Derivative and other contracts: Interest rate 2,927 142,746 427 — 146,100 Credit — 5,772 381 — 6,153 Foreign exchange 41 63,379 86 — 63,506 Equity 1,042 47,091 2,507 — 50,640 Commodity and other 1,228 6,872 940 — 9,040 Netting 1 (4,151 ) (210,190 ) (896 ) (32,944 ) (248,181 ) Total derivative and other contracts 1,087 55,670 3,445 (32,944 ) 27,258 Total trading liabilities 89,814 66,416 3,461 (32,944 ) 126,747 Securities sold under agreements to repurchase — 812 — — 812 Other secured financings — 5,037 208 — 5,245 Borrowings — 47,378 3,806 — 51,184 Total liabilities at fair value $ 89,814 $ 120,058 $ 7,502 $ (32,944 ) $ 184,430 MABS — Mortgage- and asset-backed securities 1. For positions with the same counterparty classified in different levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within the column for that level. For further information on derivative instruments and hedging activities, see Note 4. 2. For a further breakdown by type, see the following Breakdown of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes. 4. Amounts exclude certain investments that are measured based on NAV per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Net Asset Value Measurements — Fund Interests” herein.
Schedule of Breakdown of Loans and Lending Commitments at Fair Value	Breakdown of Loans and Lending Commitments at Fair Value $ in millions At At Corporate $ 7,387 $ 9,171 Residential real estate 1,206 1,153 Commercial real estate 1,431 601 Total $ 10,024 $ 10,925
Schedule of Unsettled Fair Value of Futures Contracts	Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables, net $ 501 $ 615 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables.
Schedule of Rollforward of Level 3 Assets Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Assets at Fair value U.S. Treasury and agency securities Beginning balance $ 5 $ — $ 54 $ — Purchases 11 5 18 5 Sales — — (54 ) — Net transfers 2 — — — Ending balance $ 18 $ 5 $ 18 $ 5 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 10 $ 5 $ 17 $ 1 Realized and unrealized gains (losses) (3 ) — (2 ) — Purchases 2 32 13 35 Sales (2 ) (2 ) (6 ) — Settlements — — — — Net transfers 5 1 (10 ) — Ending balance $ 12 $ 36 $ 12 $ 36 Unrealized gains (losses) $ (3 ) $ — $ (2 ) $ — State and municipal securities Beginning balance $ 16 $ 2 $ 148 $ 8 Realized and unrealized gains (losses) — — — — Purchases — 2 — 3 Sales (2 ) — (43 ) (7 ) Net transfers (13 ) — (104 ) — Ending balance $ 1 $ 4 $ 1 $ 4 Unrealized gains (losses) $ — $ — $ — $ — MABS Beginning balance $ 480 $ 327 $ 354 $ 423 Realized and unrealized gains (losses) (10 ) (1 ) (9 ) 88 Purchases 5 23 66 73 Sales (58 ) (46 ) (157 ) (317 ) Settlements — (14 ) (39 ) (16 ) Net transfers (16 ) 27 186 65 Ending balance $ 401 $ 316 $ 401 $ 316 Unrealized gains (losses) $ (8 ) $ (8 ) $ (38 ) $ (6 ) Loans and lending commitments Beginning balance $ 5,604 $ 6,923 $ 6,870 $ 5,945 Realized and unrealized gains (losses) (51 ) 17 3 16 Purchases and originations 852 2,076 1,934 4,030 Sales (464 ) (1,184 ) (1,541 ) (978 ) Settlements (811 ) (777 ) (2,130 ) (1,926 ) Net transfers (261 ) (320 ) (267 ) (352 ) Ending balance $ 4,869 $ 6,735 $ 4,869 $ 6,735 Unrealized gains (losses) $ (55 ) $ 12 $ 283 $ (8 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Corporate and other debt Beginning balance $ 1,364 $ 701 $ 1,076 $ 701 Realized and unrealized gains (losses) 157 (4 ) 269 51 Purchases 341 109 632 276 Sales (474 ) (153 ) (587 ) (227 ) Settlements — (6 ) (7 ) (8 ) Net transfers 2 63 7 (83 ) Ending balance $ 1,390 $ 710 $ 1,390 $ 710 Unrealized gains (losses) $ 114 $ 9 $ 217 $ 16 Corporate equities Beginning balance $ 98 $ 171 $ 95 $ 166 Realized and unrealized gains (losses) 1 (7 ) (41 ) 17 Purchases 5 15 44 69 Sales (16 ) (50 ) (268 ) (134 ) Net transfers 15 (23 ) 273 (12 ) Ending balance $ 103 $ 106 $ 103 $ 106 Unrealized gains (losses) $ 7 $ 5 $ (38 ) $ 14 Investments Beginning balance $ 785 $ 941 $ 757 $ 1,020 Realized and unrealized gains (losses) (15 ) 5 19 5 Purchases 7 72 28 134 Sales (7 ) (103 ) (43 ) (209 ) Net transfers 15 (97 ) 24 (132 ) Ending balance $ 785 $ 818 $ 785 $ 818 Unrealized gains (losses) $ (12 ) $ 2 $ 22 $ 5 Net derivative and other contracts: Interest rate Beginning balance $ 816 $ 567 $ 618 $ 1,218 Realized and unrealized gains (losses) (40 ) (3 ) 143 (46 ) Purchases 69 12 132 84 Issuances (11 ) (9 ) (22 ) (38 ) Settlements 2 (2 ) 16 (92 ) Net transfers (48 ) 12 (99 ) (549 ) Ending balance $ 788 $ 577 $ 788 $ 577 Unrealized gains (losses) $ 120 $ 24 $ 214 $ (47 ) Credit Beginning balance $ (138 ) $ (2 ) $ 40 $ 41 Realized and unrealized gains (losses) (183 ) (39 ) 36 (17 ) Purchases 44 4 103 9 Issuances (19 ) — (162 ) (40 ) Settlements 389 58 90 30 Net transfers 12 — (2 ) (2 ) Ending balance $ 105 $ 21 $ 105 $ 21 Unrealized gains (losses) $ 20 $ (41 ) $ 41 $ (20 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Foreign exchange Beginning balance $ (29 ) $ (26 ) $ 75 $ (112 ) Realized and unrealized gains (losses) 67 (35 ) (83 ) 71 Purchases — — — 2 Issuances — — — (48 ) Settlements 5 2 — 43 Net transfers 9 15 60 — Ending balance $ 52 $ (44 ) $ 52 $ (44 ) Unrealized gains (losses) $ 79 $ (9 ) $ 26 $ 1 Equity Beginning balance $ (1,715 ) $ (1,535 ) $ (1,485 ) $ 1,208 Realized and unrealized gains (losses) (61 ) (149 ) 59 83 Purchases 36 29 75 120 Issuances (207 ) (138 ) (227 ) (1,052 ) Settlements (56 ) 84 (173 ) 319 Net transfers 622 38 370 (2,349 ) Ending balance $ (1,381 ) $ (1,671 ) $ (1,381 ) $ (1,671 ) Unrealized gains (losses) $ (86 ) $ (132 ) $ 81 $ 19 Commodity and other Beginning balance $ 1,861 $ 2,032 $ 2,052 $ 1,446 Realized and unrealized gains (losses) 120 (29 ) 35 332 Purchases 126 — 145 80 Issuances (36 ) (11 ) (71 ) (18 ) Settlements (107 ) (1 ) (307 ) 17 Net transfers 10 29 120 163 Ending balance $ 1,974 $ 2,020 $ 1,974 $ 2,020 Unrealized gains (losses) $ 33 $ (105 ) $ (89 ) $ 33 Liabilities at Fair Value Deposits Beginning balance $ 138 $ 37 $ 27 $ 47 Realized and unrealized losses (gains) 5 2 16 (1 ) Issuances 23 11 70 27 Settlements (8 ) — (12 ) (2 ) Net transfers (13 ) 23 44 2 Ending balance $ 145 $ 73 $ 145 $ 73 Unrealized losses (gains) $ 5 $ 2 $ 16 $ (1 ) Nonderivative trading liabilities Beginning balance $ 36 $ 25 $ 16 $ 25 Realized and unrealized losses (gains) (7 ) — (37 ) (4 ) Purchases (13 ) (12 ) (31 ) (15 ) Sales 6 3 36 12 Net transfers 18 (2 ) 56 (4 ) Ending balance $ 40 $ 14 $ 40 $ 14 Unrealized losses (gains) $ (7 ) $ — $ (37 ) $ (4 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Securities sold under agreements to repurchase Beginning balance $ — $ — $ — $ 150 Net transfers — — — (150 ) Ending balance $ — $ — $ — $ — Unrealized losses (gains) $ — $ — $ — $ — Other secured financings Beginning balance $ 154 $ 170 $ 208 $ 239 Realized and unrealized losses (gains) (1 ) 2 5 (16 ) Issuances — — — 8 Settlements — — (8 ) (18 ) Net transfers (43 ) — (95 ) (41 ) Ending balance $ 110 $ 172 $ 110 $ 172 Unrealized losses (gains) $ (1 ) $ 2 $ 5 $ (16 ) Borrowings Beginning balance $ 3,939 $ 3,295 $ 3,806 $ 2,984 Realized and unrealized losses (gains) 88 56 498 (156 ) Issuances 201 344 610 1,275 Settlements (260 ) (81 ) (438 ) (339 ) Net transfers (430 ) 6 (938 ) (144 ) Ending balance $ 3,538 $ 3,620 $ 3,538 $ 3,620 Unrealized losses (gains) $ 91 $ 55 $ 459 $ (168 ) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (23 ) 82 68 (45 )
Schedule of Rollforward of Level 3 Liabilities Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Assets at Fair value U.S. Treasury and agency securities Beginning balance $ 5 $ — $ 54 $ — Purchases 11 5 18 5 Sales — — (54 ) — Net transfers 2 — — — Ending balance $ 18 $ 5 $ 18 $ 5 Unrealized gains (losses) $ — $ — $ — $ — Other sovereign government obligations Beginning balance $ 10 $ 5 $ 17 $ 1 Realized and unrealized gains (losses) (3 ) — (2 ) — Purchases 2 32 13 35 Sales (2 ) (2 ) (6 ) — Settlements — — — — Net transfers 5 1 (10 ) — Ending balance $ 12 $ 36 $ 12 $ 36 Unrealized gains (losses) $ (3 ) $ — $ (2 ) $ — State and municipal securities Beginning balance $ 16 $ 2 $ 148 $ 8 Realized and unrealized gains (losses) — — — — Purchases — 2 — 3 Sales (2 ) — (43 ) (7 ) Net transfers (13 ) — (104 ) — Ending balance $ 1 $ 4 $ 1 $ 4 Unrealized gains (losses) $ — $ — $ — $ — MABS Beginning balance $ 480 $ 327 $ 354 $ 423 Realized and unrealized gains (losses) (10 ) (1 ) (9 ) 88 Purchases 5 23 66 73 Sales (58 ) (46 ) (157 ) (317 ) Settlements — (14 ) (39 ) (16 ) Net transfers (16 ) 27 186 65 Ending balance $ 401 $ 316 $ 401 $ 316 Unrealized gains (losses) $ (8 ) $ (8 ) $ (38 ) $ (6 ) Loans and lending commitments Beginning balance $ 5,604 $ 6,923 $ 6,870 $ 5,945 Realized and unrealized gains (losses) (51 ) 17 3 16 Purchases and originations 852 2,076 1,934 4,030 Sales (464 ) (1,184 ) (1,541 ) (978 ) Settlements (811 ) (777 ) (2,130 ) (1,926 ) Net transfers (261 ) (320 ) (267 ) (352 ) Ending balance $ 4,869 $ 6,735 $ 4,869 $ 6,735 Unrealized gains (losses) $ (55 ) $ 12 $ 283 $ (8 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Corporate and other debt Beginning balance $ 1,364 $ 701 $ 1,076 $ 701 Realized and unrealized gains (losses) 157 (4 ) 269 51 Purchases 341 109 632 276 Sales (474 ) (153 ) (587 ) (227 ) Settlements — (6 ) (7 ) (8 ) Net transfers 2 63 7 (83 ) Ending balance $ 1,390 $ 710 $ 1,390 $ 710 Unrealized gains (losses) $ 114 $ 9 $ 217 $ 16 Corporate equities Beginning balance $ 98 $ 171 $ 95 $ 166 Realized and unrealized gains (losses) 1 (7 ) (41 ) 17 Purchases 5 15 44 69 Sales (16 ) (50 ) (268 ) (134 ) Net transfers 15 (23 ) 273 (12 ) Ending balance $ 103 $ 106 $ 103 $ 106 Unrealized gains (losses) $ 7 $ 5 $ (38 ) $ 14 Investments Beginning balance $ 785 $ 941 $ 757 $ 1,020 Realized and unrealized gains (losses) (15 ) 5 19 5 Purchases 7 72 28 134 Sales (7 ) (103 ) (43 ) (209 ) Net transfers 15 (97 ) 24 (132 ) Ending balance $ 785 $ 818 $ 785 $ 818 Unrealized gains (losses) $ (12 ) $ 2 $ 22 $ 5 Net derivative and other contracts: Interest rate Beginning balance $ 816 $ 567 $ 618 $ 1,218 Realized and unrealized gains (losses) (40 ) (3 ) 143 (46 ) Purchases 69 12 132 84 Issuances (11 ) (9 ) (22 ) (38 ) Settlements 2 (2 ) 16 (92 ) Net transfers (48 ) 12 (99 ) (549 ) Ending balance $ 788 $ 577 $ 788 $ 577 Unrealized gains (losses) $ 120 $ 24 $ 214 $ (47 ) Credit Beginning balance $ (138 ) $ (2 ) $ 40 $ 41 Realized and unrealized gains (losses) (183 ) (39 ) 36 (17 ) Purchases 44 4 103 9 Issuances (19 ) — (162 ) (40 ) Settlements 389 58 90 30 Net transfers 12 — (2 ) (2 ) Ending balance $ 105 $ 21 $ 105 $ 21 Unrealized gains (losses) $ 20 $ (41 ) $ 41 $ (20 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Foreign exchange Beginning balance $ (29 ) $ (26 ) $ 75 $ (112 ) Realized and unrealized gains (losses) 67 (35 ) (83 ) 71 Purchases — — — 2 Issuances — — — (48 ) Settlements 5 2 — 43 Net transfers 9 15 60 — Ending balance $ 52 $ (44 ) $ 52 $ (44 ) Unrealized gains (losses) $ 79 $ (9 ) $ 26 $ 1 Equity Beginning balance $ (1,715 ) $ (1,535 ) $ (1,485 ) $ 1,208 Realized and unrealized gains (losses) (61 ) (149 ) 59 83 Purchases 36 29 75 120 Issuances (207 ) (138 ) (227 ) (1,052 ) Settlements (56 ) 84 (173 ) 319 Net transfers 622 38 370 (2,349 ) Ending balance $ (1,381 ) $ (1,671 ) $ (1,381 ) $ (1,671 ) Unrealized gains (losses) $ (86 ) $ (132 ) $ 81 $ 19 Commodity and other Beginning balance $ 1,861 $ 2,032 $ 2,052 $ 1,446 Realized and unrealized gains (losses) 120 (29 ) 35 332 Purchases 126 — 145 80 Issuances (36 ) (11 ) (71 ) (18 ) Settlements (107 ) (1 ) (307 ) 17 Net transfers 10 29 120 163 Ending balance $ 1,974 $ 2,020 $ 1,974 $ 2,020 Unrealized gains (losses) $ 33 $ (105 ) $ (89 ) $ 33 Liabilities at Fair Value Deposits Beginning balance $ 138 $ 37 $ 27 $ 47 Realized and unrealized losses (gains) 5 2 16 (1 ) Issuances 23 11 70 27 Settlements (8 ) — (12 ) (2 ) Net transfers (13 ) 23 44 2 Ending balance $ 145 $ 73 $ 145 $ 73 Unrealized losses (gains) $ 5 $ 2 $ 16 $ (1 ) Nonderivative trading liabilities Beginning balance $ 36 $ 25 $ 16 $ 25 Realized and unrealized losses (gains) (7 ) — (37 ) (4 ) Purchases (13 ) (12 ) (31 ) (15 ) Sales 6 3 36 12 Net transfers 18 (2 ) 56 (4 ) Ending balance $ 40 $ 14 $ 40 $ 14 Unrealized losses (gains) $ (7 ) $ — $ (37 ) $ (4 ) Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Securities sold under agreements to repurchase Beginning balance $ — $ — $ — $ 150 Net transfers — — — (150 ) Ending balance $ — $ — $ — $ — Unrealized losses (gains) $ — $ — $ — $ — Other secured financings Beginning balance $ 154 $ 170 $ 208 $ 239 Realized and unrealized losses (gains) (1 ) 2 5 (16 ) Issuances — — — 8 Settlements — — (8 ) (18 ) Net transfers (43 ) — (95 ) (41 ) Ending balance $ 110 $ 172 $ 110 $ 172 Unrealized losses (gains) $ (1 ) $ 2 $ 5 $ (16 ) Borrowings Beginning balance $ 3,939 $ 3,295 $ 3,806 $ 2,984 Realized and unrealized losses (gains) 88 56 498 (156 ) Issuances 201 344 610 1,275 Settlements (260 ) (81 ) (438 ) (339 ) Net transfers (430 ) 6 (938 ) (144 ) Ending balance $ 3,538 $ 3,620 $ 3,538 $ 3,620 Unrealized losses (gains) $ 91 $ 55 $ 459 $ (168 ) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (23 ) 82 68 (45 )
Schedule of Valuation Techniques and Unobservable Inputs	Valuation Techniques and Unobservable Inputs Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Assets Measured at Fair Value on a Recurring Basis MABS $ 401 $ 354 Comparable pricing: Bond price 0 to 97 points 0 to 97 points Loans and lending commitments $ 4,869 $ 6,870 Margin loan model: Discount rate 1% to 7% (2%) 1% to 7% (2%) Volatility skew 17% to 73% (27%) 19% to 56% (28%) Credit Spread 9 to 41 bps (26 bps) 14 to 90 bps (36 bps) Comparable pricing: Loan price 70 to 100 points 60 to 101 points Corporate and other debt $ 1,390 $ 1,076 Comparable pricing: Bond price 12 to 105 points 12 to 100 points Discounted cash flow: Recovery rate 36 % 20 % Discount rate N/M 15% to 21% (16%) Option model: At the money volatility 21 % 24% to 78% (50%) Corporate equities $ 103 $ 95 Comparable pricing: Equity price 100 % 100 % Investments $ 785 $ 757 Discounted cash flow: WACC 15% to 16% (15%) 9% to 15% (10%) Exit multiple 7 to 16 times (11 times) 7 to 10 times (10 times) Market approach: EBITDA multiple 7 to 25 times (11 times) 6 to 24 times (12 times) Comparable pricing: Equity price 75% to 100% (99%) 75% to 100% (96%) Net derivative and other contracts: Interest rate $ 788 $ 618 Option model: IR volatility skew 34% to 163% 22% to 95% Contingency probability 95% N/M IR curve correlation 37% to 89% (66% / 67%) N/M Bond volatility 4% to 19% (14% / 14%) N/M Inflation volatility 23% to 62% (43% / 40%) 23% to 65% (44% / 40%) IR curve 1 % 1 % Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Credit $ 105 $ 40 Comparable pricing: Cash-synthetic basis 6 points 8 to 9 points (9 points) Bond price 0 to 103 points 0 to 75 points Credit spread 9 to 507 bps (91 bps) 246 to 499 bps (380 bps) Funding spread 69 to 131 bps (100 bps) 47 to 98 bps (93 bps) Correlation model: Credit correlation 32% to 62% (36%) 36% to 69% (44%) Foreign exchange 2 $ 52 $ 75 Option model: IR - FX correlation 29% to 56% (47% / 47%) 53% to 56% (55% / 55%) IR volatility skew 34% to 163% 22% to 95% IR curve 10% to 11% (10% / 10%) N/M Contingency probability 85% to 95% (92% / 95%) 90% to 95% (93% / 95%) Equity 2 $ (1,381 ) $ (1,485 ) Option model: At the money volatility 13% to 81% (35%) 17% to 63% (38%) Volatility skew -2% to 0% (-1%) -2% to 0% (-1%) Equity correlation 5% to 96% (68%) 5% to 96% (71%) FX correlation -60% to 55% (-25%) -60% to 55% (-26%) IR correlation -8% to 44% (17% / 15%) -7% to 45% (15% / 12%) Commodity and other $ 1,974 $ 2,052 Option model: Forward power price $5 to $178 ($28) per MWh 3 to $185 ($31) per Commodity volatility 1% to 96% (19%) 7% to 187% (17%) Cross-commodity correlation 43% to 99% (93%) 5% to 99% (93%) Liabilities Measured at Fair Value on a Recurring Basis Deposits $ 145 $ 27 Option Model: At the money volatility 20% to 39% (21%) N/M Other secured financings $ 110 $ 208 Discounted cash flow: Funding spread 107 to 122 bps (115 bps) 103 to 193 bps (148 bps) Option model: Volatility skew N/M -1 % At the money volatility 25% to 28% (28%) 10% to 40% (25%) Borrowings $ 3,538 $ 3,806 Option model: At the money volatility 6% to 45% (22%) 5% to 35% (22%) Volatility skew -2% to 0% (0%) -2% to 0% (0%) Equity correlation 39% to 94% (80%) 45% to 98% (85%) Equity - FX correlation -70% to 30% (-22%) -75% to 50% (-27%) IR Correlation N/M 58% to 97% (85% / 91%) IR - FX Correlation -33% to 7% (-8% / -8%) 28% to 58% (44% / 44%) Balance / Range (Average) 1 $ in millions, except inputs At September 30, 2019 At December 31, 2018 Nonrecurring Fair Value Measurement Loans $ 1,665 $ 1,380 Corporate loan model: Credit spread 54 to 435 bps (220 bps) 97 to 434 bps (181 bps) Warehouse model: Credit spread 183 to 317 bps (220 bps) 223 to 313 bps (247 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products).
Schedule of Net Asset Value Measurements	Net Asset Value Measurements Fund Interests At September 30, 2019 At December 31, 2018 $ in millions Carrying Value Commitment Carrying Value Commitment Private equity $ 1,542 $ 363 $ 1,374 $ 316 Real estate 1,469 153 1,105 161 Hedge 1 95 4 103 4 Total $ 3,106 $ 520 $ 2,582 $ 481 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. Nonredeemable Funds by Contractual Maturity Carrying Value at September 30, 2019 $ in millions Private Equity Real Estate Less than 5 years $ 765 $ 1,151 5-10 years 753 230 Over 10 years 24 88 Total $ 1,542 $ 1,469
Schedule of Fair Value Option	Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 29,508 $ 24,494 Interest rates 26,427 22,343 Commodities 3,973 2,735 Credit 1,229 856 Foreign exchange 517 756 Total $ 61,654 $ 51,184 Net Revenues from Borrowings under the Fair Value Option Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Trading revenues $ (795 ) $ 449 $ (5,888 ) $ 1,334 Interest expense 93 59 280 234 Net revenues 1 $ (888 ) $ 390 $ (6,168 ) $ 1,100 1. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended September 30, 2019 2018 $ in millions Trading Revenues OCI Trading Revenues OCI Borrowings $ (2 ) $ 442 $ (4 ) $ (1,010 ) Loans and other debt 1 (3 ) — 55 — Lending commitments — — (6 ) — Other — 1 (32 ) 28 Nine Months Ended September 30, 2019 2018 $ in millions Trading Revenues OCI Trading Revenues OCI Borrowings $ (9 ) $ (702 ) $ (22 ) $ 425 Loans and other debt 1 148 — 199 — Lending commitments (2 ) — (3 ) — Other — (2 ) (32 ) 32 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (532 ) $ 172 1. Loans and other debt instrument-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other debt 2 $ 13,154 $ 13,094 Nonaccrual loans 2 10,919 10,831 Borrowings 3 (986 ) 2,657 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other debt relates to distressed debt positions purchased at amounts well below par. 3. Borrowings in this table do not include structured notes where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 839 $ 1,497 Nonaccrual loans 90 or more days past due $ 452 $ 812
Schedule of Nonrecurring Fair Value Measurements	Nonrecurring Fair Value Measurements Carrying and Fair Values At September 30, 2019 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 1,513 $ 1,665 $ 3,178 Other assets—Other investments — 26 26 Other assets—Premises, equipment and software — — — Total $ 1,513 $ 1,691 $ 3,204 Liabilities Other liabilities and accrued expenses—Lending commitments $ (161 ) $ (64 ) $ (225 ) Total $ (161 ) $ (64 ) $ (225 ) At December 31, 2018 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 2,307 $ 1,380 $ 3,687 Other assets—Other investments 14 100 114 Other assets—Premises, equipment and software — — — Total $ 2,321 $ 1,480 $ 3,801 Liabilities Other liabilities and accrued expenses—Lending commitments $ 292 $ 65 $ 357 Total $ 292 $ 65 $ 357 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Fair Value Remeasurements 1 Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Assets Loans 2 $ (27 ) $ (5 ) $ (12 ) $ 1 Other assets—Other investments (3 ) (2 ) (8 ) (9 ) Other assets—Premises, equipment and software (4 ) (3 ) (8 ) (13 ) Total $ (34 ) $ (10 ) $ (28 ) $ (21 ) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ (19 ) $ 31 $ 82 $ 41 Total $ (19 ) $ 31 $ 82 $ 41 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments were calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable.
Schedule of Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value Carrying and Fair Values At September 30, 2019 Carrying Value Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents: Cash and due from banks $ 35,721 $ 35,721 $ — $ — $ 35,721 Interest bearing deposits with banks 13,196 13,196 — — 13,196 Restricted cash 30,739 30,739 — — 30,739 Investment securities—HTM 41,076 27,816 13,513 662 41,991 Securities purchased under agreements to resell 93,363 — 91,966 1,374 93,340 Securities borrowed 132,401 — 132,406 — 132,406 Customer and other receivables 1 54,784 — 51,855 2,880 54,735 Loans 2 125,522 — 23,119 102,403 125,522 Other assets 474 — 474 — 474 Financial liabilities Deposits $ 179,116 $ — $ 179,536 $ — $ 179,536 Securities sold under agreements to repurchase 58,730 — 58,724 — 58,724 Securities loaned 9,691 — 9,694 — 9,694 Other secured financings 3,484 — 3,488 — 3,488 Customer and other payables 1 199,944 — 199,944 — 199,944 Borrowings 132,005 — 135,409 10 135,419 Commitment Lending commitments 3 $ 118,524 $ — $ 889 $ 348 $ 1,237 At December 31, 2018 Carrying Value Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents: Cash and due from banks $ 30,541 $ 30,541 $ — $ — $ 30,541 Interest bearing deposits with banks 21,299 21,299 — — 21,299 Restricted cash 35,356 35,356 — — 35,356 Investment securities—HTM 30,771 17,473 12,018 474 29,965 Securities purchased under agreements to resell 98,522 — 97,611 866 98,477 Securities borrowed 116,313 — 116,312 — 116,312 Customer and other receivables 1 47,972 — 44,620 3,219 47,839 Loans 2 115,579 — 25,604 90,121 115,725 Other assets 461 — 461 — 461 Financial liabilities Deposits $ 187,378 $ — $ 187,372 $ — $ 187,372 Securities sold under agreements to repurchase 48,947 — 48,385 525 48,910 Securities loaned 11,908 — 11,906 — 11,906 Other secured financings 4,221 — 3,233 994 4,227 Customer and other payables 1 176,561 — 176,561 — 176,561 Borrowings 138,478 — 140,085 30 140,115 Commitment Lending commitments 3 $ 104,844 $ — $ 1,249 $ 321 $ 1,570 1. Accrued interest and dividend receivables and payables, where carrying value approximates fair value, have been excluded as these are not financial instruments. 2. Amounts include loans measured at fair value on a nonrecurring basis. 3. Represents Lending Commitments accounted for as Held for investment and Held for sale. For a further discussion on lending commitments, see Note 11.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Asset Contracts	At December 31, 2018 Assets $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 512 $ 1 $ — $ 513 Foreign exchange 27 8 — 35 Total 539 9 — 548 Not designated as accounting hedges Interest rate 153,768 3,887 697 158,352 Credit 4,630 1,498 — 6,128 Foreign exchange 61,846 1,310 55 63,211 Equity 24,590 — 23,284 47,874 Commodity and other 10,538 — 1,934 12,472 Total 255,372 6,695 25,970 288,037 Total gross derivatives $ 255,911 $ 6,704 $ 25,970 $ 288,585 Amounts offset Counterparty netting (190,220 ) (5,260 ) (24,548 ) (220,028 ) Cash collateral netting (38,204 ) (1,180 ) — (39,384 ) Total in Trading assets $ 27,487 $ 264 $ 1,422 $ 29,173 Amounts not offset 1 Financial instruments collateral (12,467 ) — — (12,467 ) Other cash collateral (31 ) — — (31 ) Net amounts $ 14,989 $ 264 $ 1,422 $ 16,675 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,206 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. Fair Values of Derivative Contracts At September 30, 2019 Assets $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 761 $ 2 $ — $ 763 Foreign exchange 114 8 — 122 Total 875 10 — 885 Not designated as accounting hedges Interest rate 216,358 6,090 965 223,413 Credit 4,932 2,787 — 7,719 Foreign exchange 63,326 1,069 115 64,510 Equity 26,395 — 22,505 48,900 Commodity and other 8,797 — 2,473 11,270 Total 319,808 9,946 26,058 355,812 Total gross derivatives $ 320,683 $ 9,956 $ 26,058 $ 356,697 Amounts offset Counterparty netting (242,002 ) (8,580 ) (24,298 ) (274,880 ) Cash collateral netting (47,994 ) (1,199 ) — (49,193 ) Total in Trading assets $ 30,687 $ 177 $ 1,760 $ 32,624 Amounts not offset 1 Financial instruments collateral (14,340 ) — — (14,340 ) Other cash collateral (35 ) — — (35 ) Net amounts $ 16,312 $ 177 $ 1,760 $ 18,249 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,132
Schedule of Fair Values of Derivative Liability Contracts	Liabilities $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 176 $ — $ — $ 176 Foreign exchange 62 24 — 86 Total 238 24 — 262 Not designated as accounting hedges Interest rate 142,592 2,669 663 145,924 Credit 4,545 1,608 — 6,153 Foreign exchange 62,099 1,302 19 63,420 Equity 27,119 — 23,521 50,640 Commodity and other 6,983 — 2,057 9,040 Total 243,338 5,579 26,260 275,177 Total gross derivatives $ 243,576 $ 5,603 $ 26,260 $ 275,439 Amounts offset Counterparty netting (190,220 ) (5,260 ) (24,548 ) (220,028 ) Cash collateral netting (27,860 ) (293 ) — (28,153 ) Total in Trading liabilities $ 25,496 $ 50 $ 1,712 $ 27,258 Amounts not offset 1 Financial instruments collateral (4,709 ) — (766 ) (5,475 ) Other cash collateral (53 ) (1 ) — (54 ) Net amounts $ 20,734 $ 49 $ 946 $ 21,729 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,773 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. Liabilities $ in millions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 1 $ — $ 1 Foreign exchange 26 19 — 45 Total 26 20 — 46 Not designated as accounting hedges Interest rate 208,515 4,956 832 214,303 Credit 4,649 3,456 — 8,105 Foreign exchange 65,081 1,092 66 66,239 Equity 27,820 — 22,114 49,934 Commodity and other 6,690 — 2,215 8,905 Total 312,755 9,504 25,227 347,486 Total gross derivatives $ 312,781 $ 9,524 $ 25,227 $ 347,532 Amounts offset Counterparty netting (242,002 ) (8,580 ) (24,298 ) (274,880 ) Cash collateral netting (36,520 ) (730 ) — (37,250 ) Total in Trading liabilities $ 34,259 $ 214 $ 929 $ 35,402 Amounts not offset 1 Financial instruments collateral (15,526 ) — (323 ) (15,849 ) Other cash collateral (26 ) (27 ) — (53 ) Net amounts $ 18,707 $ 187 $ 606 $ 19,500 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,054
Schedule of Notionals of Derivative Contracts	Notionals of Derivative Contracts At September 30, 2019 Assets $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 11 $ 142 $ — $ 153 Foreign exchange 5 1 — 6 Total 16 143 — 159 Not designated as accounting hedges Interest rate 4,465 8,357 858 13,680 Credit 138 92 — 230 Foreign exchange 3,030 119 17 3,166 Equity 404 — 432 836 Commodity and other 105 — 69 174 Total 8,142 8,568 1,376 18,086 Total gross derivatives $ 8,158 $ 8,711 $ 1,376 $ 18,245 Liabilities $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 17 $ — $ 17 Foreign exchange 5 2 — 7 Total 5 19 — 24 Not designated as accounting hedges Interest rate 4,462 8,189 794 13,445 Credit 149 105 — 254 Foreign exchange 2,985 119 15 3,119 Equity 525 — 493 1,018 Commodity and other 84 — 66 150 Total 8,205 8,413 1,368 17,986 Total gross derivatives $ 8,210 $ 8,432 $ 1,368 $ 18,010 At December 31, 2018 Assets $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 15 $ 52 $ — $ 67 Foreign exchange 5 1 — 6 Total 20 53 — 73 Not designated as accounting hedges Interest rate 4,807 6,708 1,157 12,672 Credit 162 74 — 236 Foreign exchange 2,436 118 14 2,568 Equity 373 — 371 744 Commodity and other 97 — 67 164 Total 7,875 6,900 1,609 16,384 Total gross derivatives $ 7,895 $ 6,953 $ 1,609 $ 16,457 Liabilities $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 107 $ — $ 109 Foreign exchange 5 1 — 6 Total 7 108 — 115 Not designated as accounting hedges Interest rate 4,946 5,735 781 11,462 Credit 162 73 — 235 Foreign exchange 2,451 114 17 2,582 Equity 389 — 602 991 Commodity and other 72 — 65 137 Total 8,020 5,922 1,465 15,407 Total gross derivatives $ 8,027 $ 6,030 $ 1,465 $ 15,522
Schedule of Gains (Losses) on Accounting Hedges	Gains (Losses) on Accounting Hedges Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Fair Value Hedges—Recognized in Interest Income 1 Interest rate contracts $ (7 ) $ — $ (26 ) $ — Investment Securities—AFS 8 — 27 — Fair Value Hedges—Recognized in Interest Expense Interest rate contracts $ 1,999 $ (1,124 ) $ 6,046 $ (3,584 ) Borrowings (1,996 ) 1,124 (6,111 ) 3,563 Net Investment Hedges—Foreign exchange contracts Recognized in OCI, net of tax $ 251 $ 107 $ 201 $ 354 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 30 13 107 44
Schedule of Fair Value Hedges - Hedged Items	Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Carrying amount 2 currently or previously hedged $ 689 $ 201 Basis adjustments included in carrying amount 3 $ 30 $ 4 Borrowings Carrying amount 2 currently or previously hedged $ 103,659 $ 102,899 Basis adjustments included in carrying amount 3 $ 4,393 $ (1,689 ) 1. The Firm began designating interest rate swaps as fair value hedges of certain AFS securities in the third quarter of 2018. 2. Carrying amount represents amortized cost basis. 3. Hedge accounting basis adjustments for AFS securities and Borrowings are primarily related to outstanding hedges.
Schedule of Credit Risk-Related Contingencies	Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 27,319 $ 16,403 Collateral posted 22,154 11,981 The previous table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Firm has posted collateral in the normal course of business. Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 468 Two-notch downgrade 308 Bilateral downgrade agreements included in the amounts above 1 $ 699 1. Amount represents arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrades. The additional collateral or termination payments that may be called in the event of a future credit rating downgrade vary by contract and can be based on ratings by either or both of Moody’s Investors Service, Inc. (“Moody’s”) and S&P Global Ratings. The previous table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers.
Schedule of Credit Derivatives and Other Credit Contracts	Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at September 30, 2019 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 18 $ 26 $ 16 $ 76 Non-investment grade 8 9 12 5 34 Total $ 24 $ 27 $ 38 $ 21 $ 110 Index and basket CDS Investment grade $ 5 $ 10 $ 40 $ 22 $ 77 Non-investment grade 5 3 17 17 42 Total $ 10 $ 13 $ 57 $ 39 $ 119 Total CDS sold $ 34 $ 40 $ 95 $ 60 $ 229 Other credit contracts — — — — — Total credit protection sold $ 34 $ 40 $ 95 $ 60 $ 229 CDS protection sold with identical protection purchased $ 219 Years to Maturity at December 31, 2018 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 22 $ 24 $ 19 $ 8 $ 73 Non-investment grade 10 11 9 1 31 Total $ 32 $ 35 $ 28 $ 9 $ 104 Index and basket CDS Investment grade $ 5 $ 10 $ 61 $ 7 $ 83 Non-investment grade 5 6 13 13 37 Total $ 10 $ 16 $ 74 $ 20 $ 120 Total CDS sold $ 42 $ 51 $ 102 $ 29 $ 224 Other credit contracts — — — — — Total credit protection sold $ 42 $ 51 $ 102 $ 29 $ 224 CDS protection sold with identical protection purchased $ 210 Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 663 $ 118 Non-investment grade (959 ) (403 ) Total $ (296 ) $ (285 ) Index and basket CDS Investment grade $ 1,040 $ 314 Non-investment grade 45 (1,413 ) Total $ 1,085 $ (1,099 ) Total CDS sold $ 789 $ (1,384 ) Other credit contracts (18 ) (14 ) Total credit protection sold $ 771 $ (1,398 ) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. 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. Protection Purchased with CDS Fair Value Asset (Liability) $ in millions At September 30, 2019 At December 31, 2018 Single name $ 147 $ 277 Index and basket (977 ) 1,333 Tranched index and basket (345 ) (251 ) Total $ (1,175 ) $ 1,359 Notional $ in billions At September 30, 2019 At December 31, 2018 Single name $ 119 $ 116 Index and basket 120 117 Tranched index and basket 16 14 Total $ 255 $ 247

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of AFS and HTM Securities	AFS and HTM Securities At September 30, 2019 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. government and agency securities: U.S. Treasury securities $ 34,422 $ 274 $ 88 $ 34,608 U.S. agency securities 1 21,423 248 88 21,583 Total U.S. government and agency securities 55,845 522 176 56,191 Corporate and other debt: Agency CMBS 4,512 104 36 4,580 Corporate bonds 2,022 14 4 2,032 State and municipal securities 252 13 — 265 FFELP student loan ABS 2 1,660 3 17 1,646 Total corporate and other debt 8,446 134 57 8,523 Total AFS securities 64,291 656 233 64,714 HTM securities U.S. government and agency securities: U.S. Treasury securities 27,062 764 10 27,816 U.S. agency securities 1 13,381 170 38 13,513 Total U.S. government and agency securities 40,443 934 48 41,329 Corporate and other debt: Non-agency CMBS 633 29 — 662 Total HTM securities 41,076 963 48 41,991 Total investment securities $ 105,367 $ 1,619 $ 281 $ 106,705 At December 31, 2018 $ in millions Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. government and agency securities: U.S. Treasury securities $ 36,268 $ 40 $ 656 $ 35,652 U.S. agency securities 1 20,740 10 497 20,253 Total U.S. government and agency securities 57,008 50 1,153 55,905 Corporate and other debt: Agency CMBS 1,054 — 62 992 Non-agency CMBS 461 — 14 447 Corporate bonds 1,585 — 32 1,553 State and municipal securities 200 2 — 202 FFELP student loan ABS 2 1,967 10 15 1,962 Total corporate and other debt 5,267 12 123 5,156 Total AFS securities 62,275 62 1,276 61,061 HTM securities U.S. government and agency securities: U.S. Treasury securities 17,832 44 403 17,473 U.S. agency securities 1 12,456 8 446 12,018 Total U.S. government and agency securities 30,288 52 849 29,491 Corporate and other debt: Non-agency CMBS 483 — 9 474 Total HTM securities 30,771 52 858 29,965 Total investment securities $ 93,046 $ 114 $ 2,134 $ 91,026 1. U.S. agency securities consist mainly of agency-issued debt, agency mortgage pass-through pool securities and CMOs. 2. Underlying loans are backed by a guarantee, ultimately from the U.S. Department of Education, of at least 95%
Schedule of Investment Securities in an Unrealized Loss Position	I nvestment Securities in an Unrealized Loss Position At September 30, 2019 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 securities U.S. government and agency securities: U.S. Treasury securities $ 4,233 $ 13 $ 9,318 $ 75 $ 13,551 $ 88 U.S. agency securities 3,064 15 7,283 73 10,347 88 Total U.S. government and agency securities 7,297 28 16,601 148 23,898 176 Corporate and other debt: Agency CMBS 837 6 719 30 1,556 36 Corporate bonds 477 3 262 1 739 4 FFELP student loan ABS 490 4 751 13 1,241 17 Total corporate and other debt 1,804 13 1,732 44 3,536 57 Total AFS securities 9,101 41 18,333 192 27,434 233 HTM securities U.S. government and agency securities: U.S. Treasury securities 2,811 8 950 2 3,761 10 U.S. agency securities 2,496 7 2,572 31 5,068 38 Total U.S. government and agency securities 5,307 15 3,522 33 8,829 48 Total HTM securities 5,307 15 3,522 33 8,829 48 Total investment securities $ 14,408 $ 56 $ 21,855 $ 225 $ 36,263 $ 281 At December 31, 2018 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 securities U.S. government and agency securities: U.S. Treasury securities $ 19,937 $ 541 $ 5,994 $ 115 $ 25,931 $ 656 U.S. agency securities 12,904 383 4,142 114 17,046 497 Total U.S. government and agency securities 32,841 924 10,136 229 42,977 1,153 Corporate and other debt: Agency CMBS 808 62 — — 808 62 Non-agency CMBS — — 446 14 446 14 Corporate bonds 470 7 1,010 25 1,480 32 FFELP student loan ABS 1,366 15 — — 1,366 15 Total corporate and other debt 2,644 84 1,456 39 4,100 123 Total AFS securities 35,485 1,008 11,592 268 47,077 1,276 HTM securities U.S. government and agency securities: U.S. Treasury securities — — 11,161 403 11,161 403 U.S. agency securities 410 1 10,004 445 10,414 446 Total U.S. government and agency securities 410 1 21,165 848 21,575 849 Corporate and other debt: Non-agency CMBS 206 1 216 8 422 9 Total HTM securities 616 2 21,381 856 21,997 858 Total investment securities $ 36,101 $ 1,010 $ 32,973 $ 1,124 $ 69,074 $ 2,134
Schedule of Investment Securities by Contractual Maturity	Investment Securities by Contractual Maturity At September 30, 2019 $ in millions Amortized Cost Fair Value Annualized Average Yield AFS securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year $ 6,278 $ 6,294 2.1 % After 1 year through 5 years 23,285 23,415 1.8 % After 5 years through 10 years 4,859 4,899 1.7 % Total 34,422 34,608 U.S. agency securities: Due within 1 year 61 61 2.1 % After 1 year through 5 years 644 641 1.1 % After 5 years through 10 years 1,416 1,409 1.8 % After 10 years 19,302 19,472 2.4 % Total 21,423 21,583 Total U.S. government and agency securities 55,845 56,191 2.0 % Corporate and other debt: Agency CMBS: After 1 year through 5 years 615 613 1.8 % After 5 years through 10 years 2,942 3,029 2.5 % After 10 years 955 938 2.0 % Total 4,512 4,580 Corporate bonds: Due within 1 year 109 110 2.3 % After 1 year through 5 years 1,498 1,509 2.6 % After 5 years through 10 years 415 413 3.0 % Total 2,022 2,032 At September 30, 2019 $ in millions Amortized Cost Fair Value Annualized Average Yield State and municipal securities: After 1 year through 5 years $ 10 $ 10 2.2 % After 5 years through 10 years 25 26 2.8 % After 10 Years 217 229 4.4 % Total 252 265 FFELP student loan ABS: After 1 year through 5 years 74 72 0.8 % After 5 years through 10 years 389 382 0.8 % After 10 years 1,197 1,192 1.2 % Total 1,660 1,646 Total corporate and other debt 8,446 8,523 2.2 % Total AFS securities 64,291 64,714 2.1 % HTM securities U.S. government and agency securities: U.S. Treasury securities: Due within 1 year 1,742 1,750 2.2 % After 1 year through 5 years 15,514 15,778 2.2 % After 5 years through 10 years 8,722 9,117 2.2 % After 10 years 1,084 1,171 2.5 % Total 27,062 27,816 U.S. agency securities: After 5 years through 10 years 25 25 1.9 % After 10 years 13,356 13,488 2.6 % Total 13,381 13,513 Total U.S. government and agency securities 40,443 41,329 2.3 % Corporate and other debt: Non-agency CMBS: Due within 1 year 93 93 4.8 % After 1 year through 5 years 85 85 4.0 % After 5 years through 10 years 374 399 4.1 % After 10 years 81 85 3.7 % Total corporate and other debt 633 662 4.1 % Total HTM securities 41,076 41,991 2.4 % Total investment securities $ 105,367 $ 106,705 2.2 %
Schedule of Gross Realized Gains and Losses on Sales of AFS Securities	Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Gross realized gains $ 27 $ 5 $ 99 $ 11 Gross realized (losses) (1 ) — (10 ) (3 ) Total 1 $ 26 $ 5 $ 89 $ 8 1. Realized gains and losses are recognized in Other revenues in the income statements .

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	9 Months Ended
	Sep. 30, 2019
Collateralized Agreements [Abstract]
Schedule of Offsetting of Certain Collaterized Transactions	Offsetting of Certain Collateralized Transactions At September 30, 2019 $ in millions Gross Amounts Amounts Offset Net Amounts Presented Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 263,485 $ (170,118 ) $ 93,367 $ (91,505 ) $ 1,862 Securities borrowed 142,723 (10,322 ) 132,401 (126,161 ) 6,240 Liabilities Securities sold under agreements to repurchase $ 229,626 $ (170,164 ) $ 59,462 $ (42,091 ) $ 17,371 Securities loaned 19,967 (10,276 ) 9,691 (9,660 ) 31 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,390 Securities borrowed 1,578 Securities sold under agreements to repurchase 15,695 Securities loaned 20 At December 31, 2018 $ in millions Gross Amounts Amounts Offset Net Amounts Presented Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 262,976 $ (164,454 ) $ 98,522 $ (95,610 ) $ 2,912 Securities borrowed 134,711 (18,398 ) 116,313 (112,551 ) 3,762 Liabilities Securities sold under agreements to repurchase $ 214,213 $ (164,454 ) $ 49,759 $ (41,095 ) $ 8,664 Securities loaned 30,306 (18,398 ) 11,908 (11,677 ) 231 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,579 Securities borrowed 724 Securities sold under agreements to repurchase 6,762 Securities loaned 191 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Gross Secured Financing Balances	Gross Secured Financing Balances by Remaining Contractual Maturity At September 30, 2019 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 78,896 $ 74,832 $ 31,794 $ 44,104 $ 229,626 Securities loaned 9,780 4,540 611 5,036 19,967 Total included in the offsetting disclosure $ 88,676 $ 79,372 $ 32,405 $ 49,140 $ 249,593 Trading liabilities— 21,440 — — — 21,440 Total $ 110,116 $ 79,372 $ 32,405 $ 49,140 $ 271,033 At December 31, 2018 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 56,503 $ 93,427 $ 35,692 $ 28,591 $ 214,213 Securities loaned 18,397 3,609 1,985 6,315 30,306 Total included in the offsetting disclosure $ 74,900 $ 97,036 $ 37,677 $ 34,906 $ 244,519 Trading liabilities— 17,594 — — — 17,594 Total $ 92,494 $ 97,036 $ 37,677 $ 34,906 $ 262,113 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 81,642 $ 68,487 State and municipal securities 1,164 925 Other sovereign government obligations 117,949 120,432 ABS 2,338 3,017 Corporate and other debt 7,718 8,719 Corporate equities 18,279 12,079 Other 536 554 Total $ 229,626 $ 214,213 Securities loaned Other sovereign government obligations $ 10,667 $ 19,021 Corporate equities 9,242 10,800 Other 58 485 Total $ 19,967 $ 30,306 Total included in the offsetting disclosure $ 249,593 $ 244,519 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 21,432 $ 17,594 Other 8 — Total $ 21,440 $ 17,594 Total $ 271,033 $ 262,113
Schedule of Carrying Value of Assets Loaned or Pledged Without Counterparty Right to Sell or Repledge	Carrying Value of Assets Loaned or Pledged without Counterparty Right to Sell or Repledge $ in millions At At Trading assets $ 38,325 $ 39,430 Loans (gross of allowance for loan losses) 300 — Total $ 38,625 $ 39,430
Schedule of Fair Value of Collateral Received with Right to Sell or Repledge	Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell $ 724,356 $ 639,610 Collateral that was sold or repledged 1 577,354 487,983 1. Does not include securities used to meet federal regulations for the Firm’s U.S. broker-dealers.
Schedule of Restricted Cash and Segregated Securities	Restricted Cash and Segregated Securities $ in millions At At Restricted cash $ 30,739 $ 35,356 Segregated securities 1 24,838 26,877 Total $ 55,577 $ 62,233 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheets.
Schedule of Customer Margin Lending	Customer Margin Lending $ in millions At At Customer receivables representing margin loans $ 28,068 $ 26,225

Loans, Lending Commitments an_2

Loans, Lending Commitments and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Loans by Type	Loans by Type At September 30, 2019 $ in millions Loans Held for Investment Loans Held for Sale Total Loans Corporate $ 45,117 $ 13,525 $ 58,642 Consumer 30,010 — 30,010 Residential real estate 29,184 17 29,201 Commercial real estate 6,801 1,165 7,966 Total loans, gross 111,112 14,707 125,819 Allowance for loan losses (297 ) — (297 ) Total loans, net $ 110,815 $ 14,707 $ 125,522 Fixed rate loans, net $ 20,233 Floating or adjustable rate loans, net 105,289 Loans to non-U.S. borrowers, net 20,722 At December 31, 2018 $ in millions Loans Held for Investment Loans Held for Sale Total Loans Corporate $ 36,909 $ 13,886 $ 50,795 Consumer 27,868 — 27,868 Residential real estate 27,466 22 27,488 Commercial real estate 1 7,810 1,856 9,666 Total loans, gross 100,053 15,764 115,817 Allowance for loan losses (238 ) — (238 ) Total loans, net $ 99,815 $ 15,764 $ 115,579 Fixed rate loans, net $ 15,632 Floating or adjustable rate loans, net 99,947 Loans to non-U.S. borrowers, net 17,568 1. Beginning in 2019, loans previously referred to as Wholesale real estate are referred to as Commercial real estate.
Schedule of Loans Held for Investment before Allowance by Credit Quality	Loans Held for Investment before Allowance by Credit Quality At September 30, 2019 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total Pass $ 44,152 $ 30,005 $ 29,051 $ 6,618 $ 109,826 Special mention 373 — 27 80 480 Substandard 592 5 106 103 806 Doubtful — — — — — Loss — — — — — Total $ 45,117 $ 30,010 $ 29,184 $ 6,801 $ 111,112 At December 31, 2018 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total Pass $ 36,217 $ 27,863 $ 27,387 $ 7,378 $ 98,845 Special mention 492 5 — 312 809 Substandard 200 — 79 120 399 Doubtful — — — — — Loss — — — — — Total $ 36,909 $ 27,868 $ 27,466 $ 7,810 $ 100,053
Schedule of Impaired Loans and Lending Commitments before Allowance	Impaired Loans and Lending Commitments before Allowance At September 30, 2019 $ in millions Corporate Consumer Residential Real Estate Total Loans With allowance $ 232 $ — $ — $ 232 Without allowance 1 28 5 92 125 Total impaired loans $ 260 $ 5 $ 92 $ 357 UPB 267 5 94 366 Lending commitments With allowance $ 5 $ — $ — $ 5 Without allowance 1 37 — — 37 Total impaired lending commitments $ 42 $ — $ — $ 42 At December 31, 2018 $ in millions Corporate Consumer Residential Estate Total Loans With allowance $ 24 $ — $ — $ 24 Without allowance 1 32 — 69 101 Total impaired loans $ 56 $ — $ 69 $ 125 UPB 63 — 70 133 Lending commitments With allowance $ 19 $ — $ — $ 19 Without allowance 1 34 — — 34 Total impaired lending commitments $ 53 $ — $ — $ 53 1. No allowance was recorded for these loans and lending commitments as the present value of the expected future cash flows or value of the collateral equaled or exceeded the carrying value.
Schedule of Impaired Loans and Allowance by Region	Impaired Loans and Total Allowance by Region At September 30, 2019 $ in millions Americas EMEA Asia Total Impaired loans $ 357 $ — $ — $ 357 Total Allowance for loan losses 227 64 6 297 At December 31, 2018 $ in millions Americas EMEA Asia Total Impaired loans $ 125 $ — $ — $ 125 Total Allowance for loan losses 193 42 3 238
Schedule of Troubled Debt Restructurings	Troubled Debt Restructurings $ in millions At At Loans $ 46 $ 38 Lending commitments 49 45 Allowance for loan losses and lending commitments 5 4
Schedule of Activity of Allowance for Loan Losses and Lending Commitments	Allowance for Loan Losses Rollforward $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2018 $ 144 $ 7 $ 20 $ 67 $ 238 Gross charge-offs — — (1 ) — (1 ) Provision (release) 1 69 — 5 (6 ) 68 Other (7 ) — — (1 ) (8 ) September 30, 2019 $ 206 $ 7 $ 24 $ 60 $ 297 Inherent $ 188 $ 7 $ 24 $ 60 $ 279 Specific 18 — — — 18 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2017 $ 126 $ 4 $ 24 $ 70 $ 224 Gross charge-offs (4 ) — — — (4 ) Recoveries 2 54 — — — 54 Net recoveries (charge-offs) 50 — — — 50 Provision (release) 1,2 (39 ) 1 (4 ) 9 (33 ) Other (2 ) — — (8 ) (10 ) September 30, 2018 $ 135 $ 5 $ 20 $ 71 $ 231 Inherent $ 130 $ 5 $ 20 $ 71 $ 226 Specific 5 — — — 5 1. The Firm recorded a provision for loan losses of $34 million in the current quarter and $1 million in the prior year quarter. 2. The prior year period release was primarily due to the recovery of a previously charged off energy industry related loan. Allowance for Lending Commitments Rollforward $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2018 $ 198 $ 2 $ — $ 3 $ 203 Provision (release) 1 34 — — 2 36 Other (4 ) (1 ) — — (5 ) September 30, 2019 $ 228 $ 1 $ — $ 5 $ 234 Inherent $ 224 $ 1 $ — $ 5 $ 230 Specific 4 — — — 4 $ in millions Corporate Consumer Residential Real Estate Commercial Real Estate Total December 31, 2017 $ 194 $ 1 $ — $ 3 $ 198 Provision (release) 1 5 — — 1 6 Other (2 ) — — (1 ) (3 ) September 30, 2018 $ 197 $ 1 $ — $ 3 $ 201 Inherent $ 190 $ 1 $ — $ 3 $ 194 Specific 7 — — — 7 1. The Firm recorded a provision for lending commitments of $ 16 million in the current quarter and $ 1 million in the prior year quarter.
Schedule of Employee Loans	Employee Loans $ in millions At At Balance $ 2,990 $ 3,415 Allowance for loan losses (61 ) (63 ) Balance, net $ 2,929 $ 3,352 Remaining repayment term, weighted average in years 4.7 4.3

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity Method Investment Balances $ in millions At At Investments $ 2,391 $ 2,432 Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Income (loss) $ (13 ) $ 8 $ (39 ) $ 62
Schedule of Joint Ventures	Japanese Securities Joint Venture Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Income (loss) from investment in MUMSS $ (4 ) $ 17 $ 5 $ 99

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
Schedule of Deposits	Deposits $ in millions At At Savings and demand deposits $ 141,344 $ 154,897 Time deposits 39,394 32,923 Total $ 180,738 $ 187,820 Deposits subject to FDIC insurance $ 143,697 $ 144,515 Time deposits that equal or exceed the FDIC insurance limit $ 18 $ 11
Schedule of Time Deposit Maturities	Time Deposit Maturities $ in millions At 2019 $ 5,394 2020 18,091 2021 8,274 2022 2,783 2023 2,704 Thereafter 2,148 Total $ 39,394

Borrowings and Other Secured _2

Borrowings and Other Secured Financings (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings $ in millions At At Original maturities of one year or less $ 1,297 $ 1,545 Original maturities greater than one year Senior $ 181,668 $ 178,027 Subordinated 10,694 10,090 Total $ 192,362 $ 188,117 Total borrowings $ 193,659 $ 189,662 Weighted average stated maturity, in years 1 6.9 6.5 1. Only includes borrowings with original maturities greater than one year.
Schedule of Other Secured Financings	Other Secured Financings $ in millions At At Original maturities: Greater than one year $ 4,476 $ 6,772 One year or less 4,089 2,036 Failed sales 1,271 658 Total $ 9,836 $ 9,466

Commitments, Leases, Guarante_2

Commitments, Leases, Guarantees and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	Commitments Years to Maturity at September 30, 2019 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 23,252 $ 33,207 $ 48,734 $ 5,447 $ 110,640 Consumer 7,769 6 12 — 7,787 Residential and commercial 380 1,148 75 277 1,880 Forward-starting 75,785 635 — 11,612 88,032 Underwriting 561 — — — 561 Investment activities 508 131 50 250 939 Letters of credit and other financial guarantees 189 2 — 2 193 Total $ 108,444 $ 35,129 $ 48,871 $ 17,588 $ 210,032 Corporate lending commitments participated to third parties $ 7,867 Forward-starting secured financing receivables settled within three business days $ 60,893
Schedule of Balance Sheet Amounts Related to Leases	Balance Sheet Amounts Related to Leases $ in millions At Other assets—ROU assets $ 3,825 Other liabilities and accrued expenses— Lease liabilities 4,535 Weighted average: Remaining lease term, in years 9.6 Discount rate 3.7 %
Schedule of Lease Liabilities	Lease Liabilities $ in millions At Remainder of 2019 $ 185 2020 719 2021 659 2022 606 2023 554 Thereafter 2,817 Total undiscounted cash flows $ 5,540 Imputed interest (1,005 ) Amount on balance sheet $ 4,535
Schedule of Lease Cost	Lease Costs $ in millions Three Months Ended Nine Months Ended Fixed costs $ 173 $ 499 Variable costs 1 33 115 Less: Sublease income (1 ) (3 ) Total lease cost, net $ 205 $ 611 1. Includes common area maintenance charges and other variable costs not included in the measurement of ROU assets and lease liabilities.
Schedule of Cash Flows Statement Supplemental Information	Cash Flows Statement Supplemental Information $ in millions Three Months Ended Nine Months Ended Cash outflows—Lease liabilities $ 177 $ 509 Non-cash—ROU assets recorded for new and modified leases 104 215
Schedule of Minimum Future Lease Commitments (under Previous GAAP)	Minimum Future Lease Commitments (under Previous GAAP) $ in millions At 2019 $ 677 2020 657 2021 602 2022 555 2023 507 Thereafter 2,639 Total undiscounted cash flows $ 5,637 Minimum rental income to be received in the future under non-cancelable operating subleases $ 7
Schedule of Obligations under Guarantee Arrangements	Obligations under Guarantee Arrangements at September 30, 2019 Maximum Potential Payout/Notional Years to Maturity $ in millions Less than 1 1-3 3-5 Over 5 Total Credit derivatives $ 33,594 $ 40,198 $ 96,188 $ 59,432 $ 229,412 Other credit contracts — — — 116 116 Non-credit derivatives 1,715,003 1,467,985 434,155 673,378 4,290,521 Standby letters of credit and other financial guarantees issued 1 1,018 886 1,410 4,217 7,531 Market value guarantees 85 89 1 — 175 Liquidity facilities 4,545 — — — 4,545 Whole loan sales guarantees — — — 23,196 23,196 Securitization representations and warranties — — — 66,530 66,530 General partner guarantees 65 127 12 71 275 Client clearing guarantees 9,746 — — — 9,746 $ in millions Carrying Amount Asset (Liability) Collateral/ Recourse Credit derivatives 2 $ 789 $ — Other credit contracts (18 ) — Non-credit derivatives 2 (76,165 ) — Standby letters of credit and other financial guarantees issued 1 224 6,488 Market value guarantees — 72 Liquidity facilities 6 7,925 Whole loan sales guarantees — — Securitization representations and warranties 3 (42 ) — General partner guarantees (44 ) — Client clearing guarantees — 9,745 1. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.6 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. 2. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. Therefore the collateral or recourse available to the firm in the form of cash collateral and counterparty netting is not reflected in the Collateral/Recourse amounts above. For further information on derivative contracts, including the effects of cash collateral and counterparty netting, see Note 4. 3. Primarily related to residential mortgage securitizations.

Variable Interest Entities an_2

Variable Interest Entities and Securitization Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Variable Interest Entities and Securitization Activities [Abstract]
Schedule of Consolidated VIEs	Assets and Liabilities by Type of Activity At September 30, 2019 At December 31, 2018 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities OSF $ 281 $ — $ 267 $ — MABS 1 13 4 59 38 Other 2 879 69 809 48 Total $ 1,173 $ 73 $ 1,135 $ 86 OSF—Other structured financings 1. Amounts 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 and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Other primarily includes certain operating entities, investment funds and structured transactions. Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents: Cash and due from banks $ 104 $ 77 Restricted cash 173 171 Trading assets at fair value 374 314 Customer and other receivables 10 25 Goodwill — 18 Intangible assets 114 128 Other assets 398 402 Total $ 1,173 $ 1,135 Liabilities Other secured financings $ 32 $ 64 Other liabilities and accrued expenses 41 22 Total $ 73 $ 86 Noncontrolling interests $ 160 $ 106
Schedule of Non-Consolidated VIEs	Non-consolidated VIEs At September 30, 2019 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 115,498 $ 1,475 $ 7,011 $ 2,298 $ 42,383 Maximum exposure to loss 3 Debt and equity interests $ 15,538 $ 157 $ 62 $ 965 $ 10,393 Derivative and other contracts — — 4,545 — 2,979 Commitments, guarantees and other 660 — — — 783 Total $ 16,198 $ 157 $ 4,607 $ 965 $ 14,155 Carrying value of variable interests—Assets Debt and equity interests $ 15,538 $ 157 $ 62 $ 964 $ 10,393 Derivative and other contracts — — 6 — 208 Total $ 15,538 $ 157 $ 68 $ 964 $ 10,601 Additional VIE assets owned 4 $ 11,192 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ — $ — $ 211 At December 31, 2018 5 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 106,197 $ 10,848 $ 7,014 $ 3,314 $ 38,603 Maximum exposure to loss 3 Debt and equity interests $ 15,671 $ 1,169 $ — $ 1,622 $ 7,967 Derivative and other contracts — — 4,449 — 1,768 Commitments, guarantees and other 1,073 3 — 235 509 Total $ 16,744 $ 1,172 $ 4,449 $ 1,857 $ 10,244 Carrying value of variable interests – Assets Debt and equity interests $ 15,671 $ 1,169 $ — $ 1,205 $ 7,967 Derivative and other contracts — — 6 — 87 Total $ 15,671 $ 1,169 $ 6 $ 1,205 $ 8,054 Additional VIE assets owned 4 $ 12,059 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ — $ — $ 185 MTOB—Municipal tender option bonds 1. MABS includes loan– and security–form interests collateralized by pools of residential and commercial mortgages. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm. 4. Additional VIE assets owned represents the carrying value of total exposure to non-consolidated VIEs for which the maximum exposure to loss is less than specific thresholds, primarily interests issued by securitization SPEs. The Firm’s primary risk exposure is to the most subordinate class of beneficial interest and maximum exposure to loss generally equals the fair value of the assets owned. These assets are primarily included in Trading assets and Investment securities and are measured at fair value (see Note 3). The Firm does not provide additional support in these transactions through contractual facilities, guarantees or similar derivatives. 5. The carrying value and maximum exposure to loss of variable interests related to MABS and Other have been revised to reflect the addition of approximately $11 billion in loans to VIEs that were previously excluded. The VIE asset (UPB) amounts have also been revised by approximately $54 billion . This disclosure-only revision did not impact the Firm’s balance sheets.
Schedule of Mortgage- and Asset-Backed Securitization Assets	Mortgage- and Asset-Backed Securitization Assets At September 30, 2019 At December 31, 2018 1 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 28,005 $ 4,144 $ 27,594 $ 4,581 Commercial mortgages 49,354 3,969 55,501 4,327 U.S. agency collateralized mortgage obligations 31,997 5,341 14,969 3,443 Other consumer or commercial loans 6,142 2,084 8,133 3,320 Total $ 115,498 $ 15,538 $ 106,197 $ 15,671 1. The balances as of December 31, 2018 were revised as noted in the Non-consolidated VIEs table herein.
Schedule of Transfers of Assets with Continuing Involvement	Transfers of Assets with Continuing Involvement At September 30, 2019 1 $ in millions RML CML U.S. Agency CMO CLN and Other 2 SPE assets (UPB) 3 $ 12,726 $ 77,431 $ 14,841 $ 6,637 Retained interests Investment grade $ 27 $ 620 $ 1,463 $ 1 Non-investment grade 18 199 — 89 Total $ 45 $ 819 $ 1,463 $ 90 Interests purchased in the secondary market (fair value) Investment grade $ 7 $ 244 $ 15 $ 5 Non-investment grade 35 22 — — Total $ 42 $ 266 $ 15 $ 5 Derivative assets (fair value) $ — $ — $ — $ 201 Derivative liabilities (fair value) — — — 69 At December 31, 2018 $ in millions RML CML U.S. Agency CMO CLN and Other 2 SPE assets (UPB) 3 $ 14,376 $ 68,593 $ 16,594 $ 14,608 Retained interests Investment grade $ 17 $ 483 $ 1,573 $ 3 Non-investment grade 4 212 — 210 Total $ 21 $ 695 $ 1,573 $ 213 Interests purchased in the secondary market (fair value) Investment grade $ 7 $ 91 $ 102 $ — Non-investment grade 28 71 — — Total $ 35 $ 162 $ 102 $ — Derivative assets (fair value) $ — $ — $ — $ 216 Derivative liabilities (fair value) — — — 178 Fair Value At September 30, 2019 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 1,475 $ 17 $ 1,492 Non-investment grade 11 107 118 Total $ 1,486 $ 124 $ 1,610 Interests purchased in the secondary market Investment grade $ 268 $ 3 $ 271 Non-investment grade 37 20 57 Total $ 305 $ 23 $ 328 Derivative assets $ 163 $ 38 $ 201 Derivative liabilities 65 4 69 Fair Value At December 31, 2018 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 1,580 $ 13 $ 1,593 Non-investment grade 174 252 426 Total $ 1,754 $ 265 $ 2,019 Interests purchased in the secondary market Investment grade $ 193 $ 7 $ 200 Non-investment grade 83 16 99 Total $ 276 $ 23 $ 299 Derivative assets $ 121 $ 95 $ 216 Derivative liabilities 175 3 178 RML—Residential mortgage loans CML—Commercial mortgage loans 1. As permitted by applicable guidance, certain transfers of assets where the Firm’s only continuing involvement is a derivative are only reported in the following Assets Sold with Retained Exposure table, and are no longer also included in this table. At December 31, 2018 these transactions were included in CLN and Other and comprised approximately $8 billion in UPB, $20 million in Derivative assets and $119 million in Derivative liabilities. 2. Amounts include CLO transactions managed by unrelated third parties. 3. Amounts include assets transferred by unrelated transferors.
Schedule of Proceeds from New Securitization Transactions and Sales of Loans	Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 New transactions 1 $ 8,651 $ 7,299 $ 20,897 $ 19,056 Retained interests 902 584 4,424 2,222 Sales of corporate loans to CLO SPEs 1, 2 — 17 — 253 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented. 2. Sponsored by non-affiliates.
Schedule of Assets Sold with Retained Exposure	Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 35,328 $ 27,121 Fair value Assets sold $ 35,600 $ 26,524 Derivative assets recognized 534 164 Derivative liabilities recognized 250 763 1. The carrying value of assets derecognized at the time of sale approximates gross cash proceeds.

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	9 Months Ended
	Sep. 30, 2019
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	The Firm’s Regulatory Capital and Capital Ratios At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 10.0 % $ 64,348 16.3 % Tier 1 capital 11.5 % 72,937 18.5 % Total capital 13.5 % 82,661 20.9 % Total RWA 394,875 Leverage-based capital Tier 1 leverage 4.0 % $ 72,937 8.2 % Adjusted average assets 2 892,912 SLR 5.0 % 72,937 6.3 % Supplementary leverage exposure 3 1,155,497 At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 8.6 % $ 62,086 16.9 % Tier 1 capital 10.1 % 70,619 19.2 % Total capital 12.1 % 80,052 21.8 % Total RWA 367,309 Leverage-based capital Tier 1 leverage 4.0 % $ 70,619 8.4 % Adjusted average assets 2 843,074 SLR 5.0 % 70,619 6.5 % Supplementary leverage exposure 3 1,092,672 1. Required ratios are inclusive of any buffers applicable as of the date presented. For 2018 , the minimum required regulatory capital ratios for risk-based capital are under the transitional rules. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets during the quarters ended September 30, 2019 and December 31, 2018 , reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm's own capital instruments, certain deferred tax assets and other capital deductions. 3. Supplementary leverage exposure is the sum of Adjusted average assets used in the Tier 1 leverage ratio and other adjustments, primarily (i) for derivatives: potential future exposure and the effective notional principal amount of sold credit protection offset by qualifying purchased credit protection; (ii) the counterparty credit risk for repo-style transactions; and (iii) the credit equivalent amount for off-balance sheet exposures.
MSBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSBNA’s Regulatory Capital At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 16,641 19.9 % Tier 1 capital 8.0 % 16,641 19.9 % Total capital 10.0 % 16,953 20.3 % Leverage-based capital Tier 1 leverage 5.0 % $ 16,641 11.9 % SLR 6.0 % 16,641 9.2 % At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 15,221 19.5 % Tier 1 capital 8.0 % 15,221 19.5 % Total capital 10.0 % 15,484 19.8 % Leverage-based capital Tier 1 leverage 5.0 % $ 15,221 10.5 % SLR 6.0 % 15,221 8.2 %
MSPBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSPBNA’s Regulatory Capital At September 30, 2019 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 8,281 27.3 % Tier 1 capital 8.0 % 8,281 27.3 % Total capital 10.0 % 8,331 27.5 % Leverage-based capital Tier 1 leverage 5.0 % $ 8,281 10.8 % SLR 6.0 % 8,281 10.3 % At December 31, 2018 $ in millions Required Ratio 1 Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % $ 7,183 25.2 % Tier 1 capital 8.0 % 7,183 25.2 % Total capital 10.0 % 7,229 25.4 % Leverage-based capital Tier 1 leverage 5.0 % $ 7,183 10.0 % SLR 6.0 % 7,183 9.6 % 1. Ratios that are required in order to be considered well-capitalized for U.S. regulatory purposes.
MS&Co.
Regulatory Requirements
Schedule of Broker-Dealer Regulatory Capital Requirements	MS&Co. Regulatory Capital $ in millions At September 30, 2019 At December 31, 2018 Net capital $ 13,358 $ 13,797 Excess net capital 10,453 11,333
MSSB LLC
Regulatory Requirements
Schedule of Broker-Dealer Regulatory Capital Requirements	MSSB LLC Regulatory Capital $ in millions At September 30, 2019 At December 31, 2018 Net capital $ 3,772 $ 3,455 Excess net capital 3,634 3,313

Total Equity (Tables)

Total Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Share Repurchases	Share Repurchases Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Repurchases of common stock under our Share Repurchase Program $ 1,500 $ 1,180 $ 3,860 $ 3,680
Schedule of Common Stock Dividends Per Share	Common Stock Dividends Per Share Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Dividends declared per common share $ 0.35 $ 0.30 $ 0.95 $ 0.80
Schedule of Preferred Stock Outstanding and Preferred Stock Dividends	Preferred Stock Dividends $ in millions, except per share data Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Series A $ 256 $ 11 $ 256 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 15 430 15 G 414 8 414 8 H 378 20 — — I 398 16 398 16 J — — — — K 366 15 366 15 Total $ 113 $ 93 $ in millions, except per share data Nine Months Ended Nine Months Ended Per Share 1 Total Per Share 1 Total Series A $ 758 $ 33 $ 758 $ 33 C 75 39 75 39 E 1,336 45 1,336 45 F 1,289 45 1,289 45 G 1,242 24 1,242 24 H 1,059 55 681 35 I 1,195 48 1,195 48 J 694 42 694 42 K 1,097 45 1,097 45 Total $ 376 $ 356 1. Dividends on preferred stock are payable quarterly, except for Series H, which was payable semiannually until July 15, 2019 and is now payable quarterly, and Series J, which is payable semiannually until July 15, 2020, and quarterly thereafter. Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation Preference per Share At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 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 K 40,000 25,000 1,000 1,000 Total $ 8,520 $ 8,520 Shares authorized 30,000,000 1. Series C is composed 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 .
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) 1 $ in millions Foreign Currency Translation Adjustments AFS Securities Pension, Postretirement and Other DVA Total June 30, 2019 $ (865 ) $ 108 $ (574 ) $ (720 ) $ (2,051 ) OCI during the period (96 ) 214 3 332 453 September 30, 2019 $ (961 ) $ 322 $ (571 ) $ (388 ) $ (1,598 ) June 30, 2018 $ (864 ) $ (1,194 ) $ (704 ) $ (308 ) $ (3,070 ) OCI during the period (54 ) (171 ) 5 (709 ) (929 ) September 30, 2018 $ (918 ) $ (1,365 ) $ (699 ) $ (1,017 ) $ (3,999 ) December 31, 2018 $ (889 ) $ (930 ) $ (578 ) $ 105 $ (2,292 ) OCI during the period (72 ) 1,252 7 (493 ) 694 September 30, 2019 $ (961 ) $ 322 $ (571 ) $ (388 ) $ (1,598 ) December 31, 2017 $ (767 ) $ (547 ) $ (591 ) $ (1,155 ) $ (3,060 ) Cumulative adjustment for accounting changes 2 (8 ) (111 ) (124 ) (194 ) (437 ) OCI during the period (143 ) (707 ) 16 332 (502 ) September 30, 2018 $ (918 ) $ (1,365 ) $ (699 ) $ (1,017 ) $ (3,999 ) 1. Amounts are net of tax and exclude noncontrolling interests. 2. The cumulative adjustment for accounting changes is primarily the effect of the adoption of the accounting update Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This adjustment was recorded as of January 1, 2018 to reclassify certain income tax effects related to enactment of the Tax Act from AOCI to Retained earnings, primarily related to the remeasurement of deferred tax assets and liabilities resulting from the reduction in the corporate income tax rate to 21%. See Note 2 for further information.
Schedule of Components of Period Changes in OCI	Components of Period Changes in OCI Three Months Ended September 30, 2019 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non- controlling Interests Net Foreign currency translation adjustments OCI activity $ (26 ) $ (73 ) $ (99 ) $ (3 ) $ (96 ) Reclassified to earnings — — — — — Net OCI $ (26 ) $ (73 ) $ (99 ) $ (3 ) $ (96 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ 307 $ (73 ) $ 234 $ — $ 234 Reclassified to earnings (26 ) 6 (20 ) — (20 ) Net OCI $ 281 $ (67 ) $ 214 $ — $ 214 Pension, postretirement and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 4 (1 ) 3 — 3 Net OCI $ 4 $ (1 ) $ 3 $ — $ 3 Change in net DVA OCI activity $ 441 $ (106 ) $ 335 $ 5 $ 330 Reclassified to earnings 2 — 2 — 2 Net OCI $ 443 $ (106 ) $ 337 $ 5 $ 332 Three Months Ended September 30, 2018 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non- controlling Interests Net Foreign currency translation adjustments OCI activity $ (44 ) $ (35 ) $ (79 ) $ (25 ) $ (54 ) Reclassified to earnings — — — — — Net OCI $ (44 ) $ (35 ) $ (79 ) $ (25 ) $ (54 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ (219 ) $ 51 $ (168 ) $ — $ (168 ) Reclassified to earnings (5 ) 2 (3 ) — (3 ) Net OCI $ (224 ) $ 53 $ (171 ) $ — $ (171 ) Pension, postretirement and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 7 (2 ) 5 — 5 Net OCI $ 7 $ (2 ) $ 5 $ — $ 5 Change in net DVA OCI activity $ (1,018 ) $ 248 $ (770 ) $ (34 ) $ (736 ) Reclassified to earnings 36 (9 ) 27 — 27 Net OCI $ (982 ) $ 239 $ (743 ) $ (34 ) $ (709 ) Nine Months Ended 1 $ in millions Pre-tax Income After-tax Non- Net Foreign currency translation adjustments OCI activity $ 2 $ (58 ) $ (56 ) $ 16 $ (72 ) Reclassified to earnings — — — — — Net OCI $ 2 $ (58 ) $ (56 ) $ 16 $ (72 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ 1,726 $ (406 ) $ 1,320 $ — $ 1,320 Reclassified to earnings (89 ) 21 (68 ) — (68 ) Net OCI $ 1,637 $ (385 ) $ 1,252 $ — $ 1,252 Pension, postretirement and other OCI activity $ — $ (1 ) $ (1 ) $ — $ (1 ) Reclassified to earnings 10 (2 ) 8 — 8 Net OCI $ 10 $ (3 ) $ 7 $ — $ 7 Change in net DVA OCI activity $ (713 ) $ 177 $ (536 ) $ (36 ) $ (500 ) Reclassified to earnings 9 (2 ) 7 — 7 Net OCI $ (704 ) $ 175 $ (529 ) $ (36 ) $ (493 ) Nine Months Ended 1 $ in millions Pre-tax Income After-tax Non- Net Foreign currency translation adjustments OCI activity $ (52 ) $ (102 ) $ (154 ) $ (11 ) $ (143 ) Reclassified to earnings — — — — — Net OCI $ (52 ) $ (102 ) $ (154 ) $ (11 ) $ (143 ) Change in net unrealized gains (losses) on AFS securities OCI activity $ (916 ) $ 215 $ (701 ) $ — $ (701 ) Reclassified to earnings (8 ) 2 (6 ) — (6 ) Net OCI $ (924 ) $ 217 $ (707 ) $ — $ (707 ) Pension, postretirement and other OCI activity $ 2 $ — $ 2 $ — $ 2 Reclassified to earnings 19 (5 ) 14 — 14 Net OCI $ 21 $ (5 ) $ 16 $ — $ 16 Change in net DVA OCI activity $ 403 $ (97 ) $ 306 $ 15 $ 291 Reclassified to earnings 54 (13 ) 41 — 41 Net OCI $ 457 $ (110 ) $ 347 $ 15 $ 332 1. Exclusive of cumulative adjustments related to the adoption of certain accounting updates. Refer to the following table and Note 2 for further information.
Schedule of Cumulative Adjustments to Retained Earnings Related to Adoption of Accounting Updates	Cumulative Adjustments to Retained Earnings Related to the Adoption of Accounting Updates 1 Nine Months Ended $ in millions September 30, 2019 Leases $ 63 Nine Months Ended $ in millions September 30, 2018 Revenues from contracts with customers 2 $ (32 ) Derivatives and hedging—targeted improvements to accounting for hedging activities 2 (99 ) Reclassification of certain tax effects from AOCI 2 443 Other 3 (6 ) Total $ 306 1. There were no cumulative adjustments to retained earnings related to the adoption of accounting updates for the three months ended September 30, 2019 and 2018 . 2. See Note 2 to the financial statements in the 2018 Form 10-K for further information. 3. Other includes the adoption of accounting updates related to Recognition and Measurement of Financial Assets and Financial Liabilities (other than the provision around presenting unrealized DVA in OCI, which the Firm early adopted in 2016) and Derecognition of Nonfinancial Assets . The impact of these adoptions on Retained earnings was not significant.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	Three Months Ended Nine Months Ended in millions, except for per share data 2019 2018 2019 2018 Earnings applicable to Morgan Stanley common shareholders $ 2,060 $ 2,019 $ 6,427 $ 6,861 Basic EPS Weighted average common shares outstanding 1,604 1,697 1,632 1,719 Earnings per basic common share $ 1.28 $ 1.19 $ 3.94 $ 3.99 Diluted EPS Weighted average common shares outstanding 1,604 1,697 1,632 1,719 Effect of dilutive RSUs and PSUs 23 30 21 30 Weighted average common shares outstanding and common stock equivalents 1,627 1,727 1,653 1,749 Earnings per diluted common share $ 1.27 $ 1.17 $ 3.89 $ 3.92 Weighted average antidilutive RSUs (excluded from the computation of diluted EPS) — 1 2 1

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2019
Interest Income (Expense), Net [Abstract]
Schedule of Details of Interest Income and Interest Expense	Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Interest income Investment securities $ 579 $ 440 $ 1,563 $ 1,281 Loans 1,208 1,085 3,599 3,097 Securities purchased under agreements to resell and Securities borrowed 1 871 575 2,865 1,156 Trading assets, net of Trading liabilities 728 571 2,188 1,687 Customer receivables and Other 2 964 956 2,931 2,560 Total interest income $ 4,350 $ 3,627 $ 13,146 $ 9,781 Interest expense Deposits $ 505 $ 377 $ 1,460 $ 809 Borrowings 1,219 1,287 3,941 3,683 Securities sold under agreements to repurchase and Securities loaned 3 681 478 2,016 1,326 Customer payables and Other 4 727 549 2,468 1,146 Total interest expense $ 3,132 $ 2,691 $ 9,885 $ 6,964 Net interest $ 1,218 $ 936 $ 3,261 $ 2,817 1. Includes fees paid on Securities borrowed. 2. Includes interest from Customer receivables and Cash and cash equivalents. 3. Includes fees received on Securities loaned. 4. Includes fees received from prime brokerage customers for stock loan transactions entered into to cover customers’ short positions.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Net Discrete Tax Benefits in Income Tax Provisions	Net Discrete Tax Provisions/(Benefits) Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2019 2018 2019 2018 Recurring 1 $ — $ — $ (127 ) $ (164 ) Intermittent (89 ) (4 ) (190 ) (92 ) 1. Recurring discrete tax items are related to conversion of employee share-based awards.

Segment, Geographic and Reven_2

Segment, Geographic and Revenue Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Selected Financial Information by Business Segment	Selected Financial Information by Business Segment Three Months Ended September 30, 2019 $ in millions IS WM IM I/E Total Investment banking 1 $ 1,535 $ 118 $ — $ (18 ) $ 1,635 Trading 2,533 61 2 12 2,608 Investments (18 ) — 105 — 87 Commissions and fees 1 643 416 1 (70 ) 990 Asset management 1 100 2,639 664 (40 ) 3,363 Other 51 81 — (1 ) 131 Total non-interest revenues 4,844 3,315 772 (117 ) 8,814 Interest income 3,112 1,378 4 (144 ) 4,350 Interest expense 2,933 335 12 (148 ) 3,132 Net interest 179 1,043 (8 ) 4 1,218 Net revenues $ 5,023 $ 4,358 $ 764 $ (113 ) $ 10,032 Income from continuing operations before income taxes $ 1,307 $ 1,238 $ 165 $ — $ 2,710 Provision for income taxes 189 276 27 — 492 Income from continuing operations 1,118 962 138 — 2,218 Net income 1,118 962 138 — 2,218 Net income applicable to noncontrolling interests 45 — — — 45 Net income applicable to Morgan Stanley $ 1,073 $ 962 $ 138 $ — $ 2,173 Three Months Ended September 30, 2018 $ in millions IS WM IM I/E Total Investment banking 1 $ 1,459 $ 129 $ — $ (21 ) $ 1,567 Trading 2,573 160 2 17 2,752 Investments 96 — 40 — 136 Commissions and fees 1 589 409 — (66 ) 932 Asset management 1 112 2,573 604 (38 ) 3,251 Other 244 58 (3 ) (1 ) 298 Total non-interest revenues 5,073 3,329 643 (109 ) 8,936 Interest income 2,425 1,412 19 (229 ) 3,627 Interest expense 2,569 342 9 (229 ) 2,691 Net interest (144 ) 1,070 10 — 936 Net revenues $ 4,929 $ 4,399 $ 653 $ (109 ) $ 9,872 Income from continuing operations before income taxes $ 1,556 $ 1,194 $ 102 $ (1 ) $ 2,851 Provision for income taxes 397 281 18 — 696 Income from continuing operations 1,159 913 84 (1 ) 2,155 Income (loss) from discontinued operations, net of income taxes (3 ) — 2 — (1 ) Net income 1,156 913 86 (1 ) 2,154 Net income applicable to noncontrolling interests 36 — 6 — 42 Net income applicable to Morgan Stanley $ 1,120 $ 913 $ 80 $ (1 ) $ 2,112 Nine Months Ended September 30, 2019 $ in millions IS WM IM I/E Total Investment banking 1 $ 4,158 $ 365 $ (1 ) $ (55 ) $ 4,467 Trading 8,221 525 (2 ) 37 8,781 Investments 257 1 543 — 801 Commissions and fees 1 1,889 1,250 1 (205 ) 2,935 Asset management 1 310 7,544 1,893 (115 ) 9,632 Other 416 281 (6 ) (6 ) 685 Total non-interest revenues 15,251 9,966 2,428 (344 ) 27,301 Interest income 9,457 4,139 14 (464 ) 13,146 Interest expense 9,376 950 35 (476 ) 9,885 Net interest 81 3,189 (21 ) 12 3,261 Net revenues $ 15,332 $ 13,155 $ 2,407 $ (332 ) $ 30,562 Income from continuing operations before income taxes $ 4,365 $ 3,669 $ 538 $ (4 ) $ 8,568 Provision for income taxes 703 830 104 (1 ) 1,636 Income from continuing operations 3,662 2,839 434 (3 ) 6,932 Net income 3,662 2,839 434 (3 ) 6,932 Net income applicable to noncontrolling interests 97 — 32 — 129 Net income applicable to Morgan Stanley $ 3,565 $ 2,839 $ 402 $ (3 ) $ 6,803 Nine Months Ended September 30, 2018 $ in millions IS WM IM I/E Total Investment banking 1 $ 4,671 $ 383 $ — $ (60 ) $ 4,994 Trading 9,344 404 23 44 9,815 Investments 234 3 172 — 409 Commissions and fees 1 2,007 1,349 — (212 ) 3,144 Asset management 1 324 7,582 1,840 (114 ) 9,632 Other 548 195 10 (5 ) 748 Total non-interest revenues 17,128 9,916 2,045 (347 ) 28,742 Interest income 6,424 4,012 37 (692 ) 9,781 Interest expense 6,809 830 20 (695 ) 6,964 Net interest (385 ) 3,182 17 3 2,817 Net revenues $ 16,743 $ 13,098 $ 2,062 $ (344 ) $ 31,559 Income from continuing operations before income taxes $ 5,480 $ 3,511 $ 390 $ (1 ) $ 9,380 Provision for income taxes 1,169 808 73 — 2,050 Income from continuing operations 4,311 2,703 317 (1 ) 7,330 Income (loss) from discontinued operations, net of income taxes (7 ) — 2 — (5 ) Net income 4,304 2,703 319 (1 ) 7,325 Net income applicable to noncontrolling interests 100 — 8 — 108 Net income applicable to Morgan Stanley $ 4,204 $ 2,703 $ 311 $ (1 ) $ 7,217 I/E–Intersegment Eliminations 1. Approximately 85% of Investment Banking revenues in the current quarter, 90% in the current year period and approximately 85% of Investment banking revenues in the prior year periods were accounted for as Revenues from Contracts with Customers . In all periods presented, substantially all of Commissions and fees and Asset management revenues were accounted for under this guidance.
Schedule of Institutional Securities Revenues	Institutional Securities—Investment Banking Revenues Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Advisory $ 550 $ 510 $ 1,462 $ 1,702 Underwriting 985 949 2,696 2,969
Schedule of Trading Revenues by Product Type	Trading Revenues by Product Type Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Interest rate $ 894 $ 744 $ 2,283 $ 2,396 Foreign exchange 69 223 383 622 Equity security and index 1 1,076 1,432 4,005 5,094 Commodity and other 300 254 986 1,047 Credit 269 99 1,124 656 Total $ 2,608 $ 2,752 $ 8,781 $ 9,815 1. Dividend income is included within equity security and index contracts.
Schedule of Net Unrealized Carried Interest and Reduction of Fees due to Fee Waivers	Investment Management Investments Revenues—Net Unrealized Carried Interest $ in millions At At Net cumulative unrealized carried interest at risk of reversing $ 553 $ 434 Investment Management Asset Management Revenues — Reduction of Fees due to Fee Waivers Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Fee waivers $ 11 $ 11 $ 32 $ 45
Schedule of Net Revenues by Region	Net Revenues by Region Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Americas $ 7,489 $ 7,357 $ 22,336 $ 22,989 EMEA 1,409 1,355 4,687 4,892 Asia 1,134 1,160 3,539 3,678 Total $ 10,032 $ 9,872 $ 30,562 $ 31,559
Schedule of Revenue Recognized from Prior Services	Revenue Recognized From Prior Services Three Months Ended Nine Months Ended $ in millions 2019 2018 2019 2018 Non-interest revenues $ 841 $ 804 $ 1,995 $ 2,192 The previous table includes revenue from contracts with customers recognized where some or all services were performed in prior periods and is primarily composed of investment banking advisory fees and distribution fees.
Schedule of Certain Future Expected Revenues	Certain Future Expected Revenues At September 30, 2019 $ in millions 2019 2020 2021 - 2025 thereafter Non-interest revenues $ 57 $ 132 $ 63 - $ 89 $ 239
Schedule of Receivables from Contracts with Customers	Receivables related to Revenues from Contracts with Customers $ in millions At At Customer and other receivables $ 2,114 $ 2,308
Schedule of Assets by Business Segment	Assets by Business Segment $ in millions At At Institutional Securities $ 703,868 $ 646,427 Wealth Management 1 193,213 202,392 Investment Management 5,523 4,712 Total 2 $ 902,604 $ 853,531 1. The Firm acquired Solium Capital Inc. in the second quarter of 2019 and as a result recorded Goodwill of approximately $469 million and Intangible assets of approximately $268 million . 2. Parent assets have been fully allocated to the business segments.

Significant Accounting Polici_3

Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions		Jul. 01, 2019	Jan. 01, 2019	Jul. 01, 2018	Jan. 01, 2018
Retained Earnings
Accounting Standards Adopted
Cumulative catch-up adjustment to equity component	[1]	$ 0	$ 63	$ 0	$ 306
Accounting Standards Update 2018-11 | Other Assets
Accounting Standards Adopted
Effect of adopting the new accounting standard on balance sheet			(4,000)
Accounting Standards Update 2018-11 | Other Liabilities and Accrued Expenses
Accounting Standards Adopted
Effect of adopting the new accounting standard on balance sheet			4,000
Accounting Standards Update 2018-11 | Retained Earnings
Accounting Standards Adopted
Cumulative catch-up adjustment to equity component			$ 63
[1]	Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates during the current and prior year periods. See Notes 2 and 14 for further information.

Fair Values - Assets and Liabil

Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets at fair value
Derivative and other contracts	$ 32,624	$ 29,173
Investments	106,705	91,026
Total trading assets	277,423	266,299
Investment securities—AFS	64,714	61,061
Securities purchased under agreements to resell	4	0
Liabilities at fair value
Deposits	1,622	442
Derivative and other contracts	35,402	27,258
Securities sold under agreements to repurchase	732	812
Other secured financings	6,352	5,245
Borrowings	61,654	51,184
Recurring
Assets at fair value
Netting	(54,162)	(44,175)
Liabilities at fair value
Netting	(42,219)	(32,944)
Recurring | Interest rate
Liabilities at fair value
Borrowings	26,427	22,343
Recurring | Credit
Liabilities at fair value
Borrowings	1,229	856
Recurring | Foreign exchange
Liabilities at fair value
Borrowings	517	756
Recurring | Equity
Liabilities at fair value
Borrowings	29,508	24,494
Recurring | Commodity and other
Liabilities at fair value
Borrowings	3,973	2,735
Total | Recurring
Assets at fair value
Derivative and other contracts	32,624	29,173
Netting	(324,073)	(259,412)
Investments	1,499	1,462
Physical commodities	1,022	536
Total trading assets	274,317	263,717
Investment securities—AFS	64,714	61,061
Securities purchased under agreements to resell	4
Intangible assets		5
Total assets at fair value	339,035	324,783
Liabilities at fair value
Deposits	1,622	442
Trading liabilities	143,405	126,747
Derivative and other contracts	35,402	27,258
Netting	(312,130)	(248,181)
Securities sold under agreements to repurchase	732	812
Other secured financings	6,352	5,245
Borrowings	61,654	51,184
Total liabilities at fair value	213,765	184,430
Total | Recurring | Interest rate
Assets at fair value
Derivative and other contracts	224,176	158,865
Liabilities at fair value
Derivative and other contracts	214,304	146,100
Total | Recurring | Credit
Assets at fair value
Derivative and other contracts	7,719	6,128
Liabilities at fair value
Derivative and other contracts	8,105	6,153
Total | Recurring | Foreign exchange
Assets at fair value
Derivative and other contracts	64,632	63,246
Liabilities at fair value
Derivative and other contracts	66,284	63,506
Total | Recurring | Equity
Assets at fair value
Derivative and other contracts	48,900	47,874
Liabilities at fair value
Derivative and other contracts	49,934	50,640
Total | Recurring | Commodity and other
Assets at fair value
Derivative and other contracts	11,270	12,472
Liabilities at fair value
Derivative and other contracts	8,905	9,040
Level 1 | Recurring
Assets at fair value
Derivative and other contracts	621	923
Netting	(3,686)	(4,151)
Investments	514	412
Physical commodities	0	0
Total trading assets	170,788	162,123
Investment securities—AFS	34,931	36,399
Securities purchased under agreements to resell	0
Intangible assets		0
Total assets at fair value	205,719	198,522
Liabilities at fair value
Deposits	0	0
Trading liabilities	98,481	89,814
Derivative and other contracts	368	1,087
Netting	(3,686)	(4,151)
Securities sold under agreements to repurchase	0	0
Other secured financings	0	0
Borrowings	0	0
Total liabilities at fair value	98,481	89,814
Level 1 | Recurring | Interest rate
Assets at fair value
Derivative and other contracts	1,965	2,793
Liabilities at fair value
Derivative and other contracts	1,730	2,927
Level 1 | Recurring | Credit
Assets at fair value
Derivative and other contracts	0	0
Liabilities at fair value
Derivative and other contracts	0	0
Level 1 | Recurring | Foreign exchange
Assets at fair value
Derivative and other contracts	55	62
Liabilities at fair value
Derivative and other contracts	13	41
Level 1 | Recurring | Equity
Assets at fair value
Derivative and other contracts	982	1,256
Liabilities at fair value
Derivative and other contracts	987	1,042
Level 1 | Recurring | Commodity and other
Assets at fair value
Derivative and other contracts	1,305	963
Liabilities at fair value
Derivative and other contracts	1,324	1,228
Level 2 | Recurring
Assets at fair value
Derivative and other contracts	80,655	67,680
Netting	(265,103)	(210,190)
Investments	200	293
Physical commodities	1,022	536
Total trading assets	144,602	131,653
Investment securities—AFS	29,783	24,662
Securities purchased under agreements to resell	4
Intangible assets		5
Total assets at fair value	174,389	156,320
Liabilities at fair value
Deposits	1,477	415
Trading liabilities	83,131	66,416
Derivative and other contracts	73,281	55,670
Netting	(265,103)	(210,190)
Securities sold under agreements to repurchase	732	812
Other secured financings	6,242	5,037
Borrowings	58,116	47,378
Total liabilities at fair value	149,698	120,058
Level 2 | Recurring | Interest rate
Assets at fair value
Derivative and other contracts	220,709	155,027
Liabilities at fair value
Derivative and other contracts	211,860	142,746
Level 2 | Recurring | Credit
Assets at fair value
Derivative and other contracts	6,870	5,707
Liabilities at fair value
Derivative and other contracts	7,361	5,772
Level 2 | Recurring | Foreign exchange
Assets at fair value
Derivative and other contracts	64,477	63,023
Liabilities at fair value
Derivative and other contracts	66,223	63,379
Level 2 | Recurring | Equity
Assets at fair value
Derivative and other contracts	46,836	45,596
Liabilities at fair value
Derivative and other contracts	46,484	47,091
Level 2 | Recurring | Commodity and other
Assets at fair value
Derivative and other contracts	6,866	8,517
Liabilities at fair value
Derivative and other contracts	6,456	6,872
Level 3 | Recurring
Assets at fair value
Equity securities	103	95
Derivative and other contracts	5,510	4,745
Netting	(1,122)	(896)
Investments	785	757
Physical commodities	0	0
Total trading assets	13,089	14,116
Investment securities—AFS	0	0
Securities purchased under agreements to resell	0
Intangible assets		0
Total assets at fair value	13,089	14,116
Liabilities at fair value
Deposits	145	27
Trading liabilities	4,012	3,461
Derivative and other contracts	3,972	3,445
Netting	(1,122)	(896)
Securities sold under agreements to repurchase	0	0
Other secured financings	110	208
Borrowings	3,538	3,806
Total liabilities at fair value	7,805	7,502
Level 3 | Recurring | Interest rate
Assets at fair value
Derivative and other contracts	1,502	1,045
Liabilities at fair value
Derivative and other contracts	714	427
Level 3 | Recurring | Credit
Assets at fair value
Derivative and other contracts	849	421
Liabilities at fair value
Derivative and other contracts	744	381
Level 3 | Recurring | Foreign exchange
Assets at fair value
Derivative and other contracts	100	161
Liabilities at fair value
Derivative and other contracts	48	86
Level 3 | Recurring | Equity
Assets at fair value
Derivative and other contracts	1,082	1,022
Liabilities at fair value
Derivative and other contracts	2,463	2,507
Level 3 | Recurring | Commodity and other
Assets at fair value
Derivative and other contracts	3,099	2,992
Liabilities at fair value
Derivative and other contracts	1,125	940
U.S. Treasury and agency securities | Total | Recurring
Liabilities at fair value
Trading liabilities	13,021	11,815
U.S. Treasury and agency securities | Level 1 | Recurring
Liabilities at fair value
Trading liabilities	12,826	11,272
U.S. Treasury and agency securities | Level 2 | Recurring
Liabilities at fair value
Trading liabilities	194	543
U.S. Treasury and agency securities | Level 3 | Recurring
Liabilities at fair value
Trading liabilities	1	0
Other sovereign government obligations | Total | Recurring
Liabilities at fair value
Trading liabilities	23,686	22,845
Other sovereign government obligations | Level 1 | Recurring
Liabilities at fair value
Trading liabilities	22,090	21,391
Other sovereign government obligations | Level 2 | Recurring
Liabilities at fair value
Trading liabilities	1,593	1,454
Other sovereign government obligations | Level 3 | Recurring
Liabilities at fair value
Trading liabilities	3	0
Corporate and other debt | Total | Recurring
Liabilities at fair value
Trading liabilities	7,972	8,551
Corporate and other debt | Level 1 | Recurring
Liabilities at fair value
Trading liabilities	0	0
Corporate and other debt | Level 2 | Recurring
Liabilities at fair value
Trading liabilities	7,968	8,550
Corporate and other debt | Level 3 | Recurring
Liabilities at fair value
Trading liabilities	4	1
Corporate equities | Total | Recurring
Liabilities at fair value
Trading liabilities	63,324	56,278
Corporate equities | Level 1 | Recurring
Liabilities at fair value
Trading liabilities	63,197	56,064
Corporate equities | Level 2 | Recurring
Liabilities at fair value
Trading liabilities	95	199
Corporate equities | Level 3 | Recurring
Liabilities at fair value
Trading liabilities	32	15
U.S. Treasury and agency securities
Assets at fair value
Investment securities—AFS	56,191	55,905
U.S. Treasury and agency securities | Total | Recurring
Assets at fair value
Trading assets	69,427	68,415
U.S. Treasury and agency securities | Level 1 | Recurring
Assets at fair value
Trading assets	44,129	38,767
U.S. Treasury and agency securities | Level 2 | Recurring
Assets at fair value
Trading assets	25,280	29,594
U.S. Treasury and agency securities | Level 3 | Recurring
Assets at fair value
Trading assets	18	54
Other sovereign government obligations | Total | Recurring
Assets at fair value
Trading assets	38,857	33,941
Other sovereign government obligations | Level 1 | Recurring
Assets at fair value
Trading assets	33,333	28,395
Other sovereign government obligations | Level 2 | Recurring
Assets at fair value
Trading assets	5,512	5,529
Other sovereign government obligations | Level 3 | Recurring
Assets at fair value
Trading assets	12	17
State and municipal securities
Assets at fair value
Investment securities—AFS	265	202
State and municipal securities | Total | Recurring
Assets at fair value
Trading assets	3,081	3,309
State and municipal securities | Level 1 | Recurring
Assets at fair value
Trading assets	0	0
State and municipal securities | Level 2 | Recurring
Assets at fair value
Trading assets	3,080	3,161
State and municipal securities | Level 3 | Recurring
Assets at fair value
Trading assets	1	148
MABS | Total | Recurring
Assets at fair value
Trading assets	1,994	2,508
MABS | Level 1 | Recurring
Assets at fair value
Trading assets	0	0
MABS | Level 2 | Recurring
Assets at fair value
Trading assets	1,593	2,154
MABS | Level 3 | Recurring
Assets at fair value
Trading assets	401	354
Loans and lending commitments | Recurring
Assets at fair value
Trading assets	10,024	10,925
Loans and lending commitments | Total | Recurring
Assets at fair value
Trading assets	10,024	10,925
Loans and lending commitments | Level 1 | Recurring
Assets at fair value
Trading assets	0	0
Loans and lending commitments | Level 2 | Recurring
Assets at fair value
Trading assets	5,155	4,055
Loans and lending commitments | Level 3 | Recurring
Assets at fair value
Trading assets	4,869	6,870
Corporate and other debt
Assets at fair value
Investment securities—AFS	8,523	5,156
Corporate and other debt | Total | Recurring
Assets at fair value
Trading assets	23,036	19,205
Corporate and other debt | Level 1 | Recurring
Assets at fair value
Trading assets	0	0
Corporate and other debt | Level 2 | Recurring
Assets at fair value
Trading assets	21,646	18,129
Corporate and other debt | Level 3 | Recurring
Assets at fair value
Trading assets	1,390	1,076
Corporate equities | Total | Recurring
Assets at fair value
Equity securities	92,753	94,243
Corporate equities | Level 1 | Recurring
Assets at fair value
Equity securities	92,191	93,626
Corporate equities | Level 2 | Recurring
Assets at fair value
Equity securities	459	522
Corporate equities | Level 3 | Recurring
Assets at fair value
Equity securities	$ 103	$ 95

Fair Values - Breakdown of Loan

Fair Values - Breakdown of Loans and Lending Commitments at Fair Value and Unsettled Fair Value of Futures Contracts (Details) - Recurring - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Loans and lending commitments
Fair Value Measurements
Trading assets	$ 10,024	$ 10,925
Futures Contracts | Accounts Receivable and Other Receivables, Net
Fair Value Measurements
Derivative assets, unsettled fair value	501	615
Corporate | Loans and lending commitments
Fair Value Measurements
Trading assets	7,387	9,171
Residential real estate | Loans and lending commitments
Fair Value Measurements
Trading assets	1,206	1,153
Commercial real estate | Loans and lending commitments
Fair Value Measurements
Trading assets	$ 1,431	$ 601

Fair Values - Activity of Level

Fair Values - Activity of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Liabilities at Fair Value
Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA	$ (23)	$ 82	$ 68	$ (45)
Deposits
Liabilities at Fair Value
Beginning balance	138	37	27	47
Realized and unrealized losses (gains)	5	2	16	(1)
Issuances	23	11	70	27
Settlements	(8)	0	(12)	(2)
Net transfers	(13)	23	44	2
Ending balance	145	73	145	73
Unrealized losses (gains)	5	2	16	(1)
Nonderivative trading liabilities
Liabilities at Fair Value
Beginning balance	36	25	16	25
Realized and unrealized losses (gains)	(7)	0	(37)	(4)
Purchases	(13)	(12)	(31)	(15)
Sales	6	3	36	12
Net transfers	18	(2)	56	(4)
Ending balance	40	14	40	14
Unrealized losses (gains)	(7)	0	(37)	(4)
Securities sold under agreements to repurchase
Liabilities at Fair Value
Beginning balance	0	0	0	150
Net transfers	0	0	0	(150)
Ending balance	0	0	0	0
Unrealized losses (gains)	0	0	0	0
Other secured financings
Liabilities at Fair Value
Beginning balance	154	170	208	239
Realized and unrealized losses (gains)	(1)	2	5	(16)
Issuances	0	0	0	8
Settlements	0	0	(8)	(18)
Net transfers	(43)	0	(95)	(41)
Ending balance	110	172	110	172
Unrealized losses (gains)	(1)	2	5	(16)
Borrowings
Liabilities at Fair Value
Beginning balance	3,939	3,295	3,806	2,984
Realized and unrealized losses (gains)	88	56	498	(156)
Issuances	201	344	610	1,275
Settlements	(260)	(81)	(438)	(339)
Net transfers	(430)	6	(938)	(144)
Ending balance	3,538	3,620	3,538	3,620
Unrealized losses (gains)	91	55	459	(168)
Interest rate
Assets at Fair value
Beginning balance	816	567	618	1,218
Realized and unrealized gains (losses)	(40)	(3)	143	(46)
Purchases	69	12	132	84
Issuances	(11)	(9)	(22)	(38)
Settlements	2	(2)	16	(92)
Net transfers	(48)	12	(99)	(549)
Ending balance	788	577	788	577
Unrealized gains (losses)	120	24	214	(47)
Credit
Assets at Fair value
Beginning balance	(138)	(2)	40	41
Realized and unrealized gains (losses)	(183)	(39)	36	(17)
Purchases	44	4	103	9
Issuances	(19)	0	(162)	(40)
Settlements	389	58	90	30
Net transfers	12	0	(2)	(2)
Ending balance	105	21	105	21
Unrealized gains (losses)	20	(41)	41	(20)
Foreign exchange
Assets at Fair value
Beginning balance	(29)	(26)	75	(112)
Realized and unrealized gains (losses)	67	(35)	(83)	71
Purchases	0	0	0	2
Issuances	0	0	0	(48)
Settlements	5	2	0	43
Net transfers	9	15	60	0
Ending balance	52	(44)	52	(44)
Unrealized gains (losses)	79	(9)	26	1
Equity
Assets at Fair value
Beginning balance	(1,715)	(1,535)	(1,485)	1,208
Realized and unrealized gains (losses)	(61)	(149)	59	83
Purchases	36	29	75	120
Issuances	(207)	(138)	(227)	(1,052)
Settlements	(56)	84	(173)	319
Net transfers	622	38	370	(2,349)
Ending balance	(1,381)	(1,671)	(1,381)	(1,671)
Unrealized gains (losses)	(86)	(132)	81	19
Commodity and other
Assets at Fair value
Beginning balance	1,861	2,032	2,052	1,446
Realized and unrealized gains (losses)	120	(29)	35	332
Purchases	126	0	145	80
Issuances	(36)	(11)	(71)	(18)
Settlements	(107)	(1)	(307)	17
Net transfers	10	29	120	163
Ending balance	1,974	2,020	1,974	2,020
Unrealized gains (losses)	33	(105)	(89)	33
U.S. Treasury and agency securities
Assets at Fair value
Beginning balance	5	0	54	0
Purchases	11	5	18	5
Sales	0	0	(54)	0
Net transfers	2	0	0	0
Ending balance	18	5	18	5
Unrealized gains (losses)	0	0	0	0
Other sovereign government obligations
Assets at Fair value
Beginning balance	10	5	17	1
Realized and unrealized gains (losses)	(3)	0	(2)	0
Purchases	2	32	13	35
Sales	(2)	(2)	(6)	0
Settlements	0	0	0	0
Net transfers	5	1	(10)	0
Ending balance	12	36	12	36
Unrealized gains (losses)	(3)	0	(2)	0
State and municipal securities
Assets at Fair value
Beginning balance	16	2	148	8
Realized and unrealized gains (losses)	0	0	0	0
Purchases	0	2	0	3
Sales	(2)	0	(43)	(7)
Net transfers	(13)	0	(104)	0
Ending balance	1	4	1	4
Unrealized gains (losses)	0	0	0	0
MABS
Assets at Fair value
Beginning balance	480	327	354	423
Realized and unrealized gains (losses)	(10)	(1)	(9)	88
Purchases	5	23	66	73
Sales	(58)	(46)	(157)	(317)
Settlements	0	(14)	(39)	(16)
Net transfers	(16)	27	186	65
Ending balance	401	316	401	316
Unrealized gains (losses)	(8)	(8)	(38)	(6)
Loans and lending commitments
Assets at Fair value
Beginning balance	5,604	6,923	6,870	5,945
Realized and unrealized gains (losses)	(51)	17	3	16
Purchases	852	2,076	1,934	4,030
Sales	(464)	(1,184)	(1,541)	(978)
Settlements	(811)	(777)	(2,130)	(1,926)
Net transfers	(261)	(320)	(267)	(352)
Ending balance	4,869	6,735	4,869	6,735
Unrealized gains (losses)	(55)	12	283	(8)
Corporate and other debt
Assets at Fair value
Beginning balance	1,364	701	1,076	701
Realized and unrealized gains (losses)	157	(4)	269	51
Purchases	341	109	632	276
Sales	(474)	(153)	(587)	(227)
Settlements	0	(6)	(7)	(8)
Net transfers	2	63	7	(83)
Ending balance	1,390	710	1,390	710
Unrealized gains (losses)	114	9	217	16
Corporate equities
Assets at Fair value
Beginning balance	98	171	95	166
Realized and unrealized gains (losses)	1	(7)	(41)	17
Purchases	5	15	44	69
Sales	(16)	(50)	(268)	(134)
Net transfers	15	(23)	273	(12)
Ending balance	103	106	103	106
Unrealized gains (losses)	7	5	(38)	14
Investments
Assets at Fair value
Beginning balance	785	941	757	1,020
Realized and unrealized gains (losses)	(15)	5	19	5
Purchases	7	72	28	134
Sales	(7)	(103)	(43)	(209)
Net transfers	15	(97)	24	(132)
Ending balance	785	818	785	818
Unrealized gains (losses)	$ (12)	$ 2	$ 22	$ 5

Fair Values - Valuation Techniq

Fair Values - Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements (Details) $ in Millions	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 32,624	$ 29,173
Deposits	1,622	442
Other secured financings	9,836	9,466
Borrowings	61,654	51,184
Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	10,024	10,925
Recurring | Level 3
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities	103	95
Investments	785	757
Derivative assets	5,510	4,745
Deposits	145	27
Other secured financings	110	208
Borrowings	$ 3,538	$ 3,806
Recurring | Level 3 | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities, measurement input value	1	1
Recurring | Level 3 | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value		(0.01)
Recurring | Level 3 | MABS
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	$ 401	$ 354
Recurring | Level 3 | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	4,869	6,870
Recurring | Level 3 | U.S. Treasury and agency securities
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	18	54
Recurring | Level 3 | State and municipal securities
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	1	148
Recurring | Level 3 | Corporate and other debt
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	$ 1,390	$ 1,076
Recurring | Level 3 | Corporate and other debt | Discounted Cash Flow | Recovery Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.36	0.20
Recurring | Level 3 | Corporate and other debt | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.21
Recurring | Level 3 | Interest rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 788	$ 618
Recurring | Level 3 | Interest rate | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95
Recurring | Level 3 | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01	0.01
Recurring | Level 3 | Credit
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 105	$ 40
Recurring | Level 3 | Foreign exchange
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	52	75
Recurring | Level 3 | Equity
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(1,381)	(1,485)
Recurring | Level 3 | Commodity and other
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	1,974	2,052
Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	3,178	3,687
Nonrecurring | Level 3
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	$ 1,665	$ 1,380
Weighted Average | Recurring | Level 3 | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.99	0.96
Weighted Average | Recurring | Level 3 | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	11	10
Weighted Average | Recurring | Level 3 | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0115	0.0148
Weighted Average | Recurring | Level 3 | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.15	0.10
Weighted Average | Recurring | Level 3 | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	11	12
Weighted Average | Recurring | Level 3 | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.21
Other secured financings, measurement input value	0.28	0.25
Borrowings, measurement input value	0.22	0.22
Weighted Average | Recurring | Level 3 | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.80	0.85
Weighted Average | Recurring | Level 3 | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.22)	(0.27)
Weighted Average | Recurring | Level 3 | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Weighted Average | Recurring | Level 3 | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.47	0.38
Weighted Average | Recurring | Level 3 | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.93	0.95
Weighted Average | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.0026	0.0036
Weighted Average | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.02	0.02
Weighted Average | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.27	0.28
Weighted Average | Recurring | Level 3 | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.82	0.72
Weighted Average | Recurring | Level 3 | Corporate and other debt | Discounted Cash Flow | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.16
Weighted Average | Recurring | Level 3 | Corporate and other debt | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.50
Weighted Average | Recurring | Level 3 | Credit | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.55	0.26
Weighted Average | Recurring | Level 3 | Credit | Comparable Pricing | Cash-Synthetic Basis
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.09
Weighted Average | Recurring | Level 3 | Credit | Comparable Pricing | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0091	0.0380
Weighted Average | Recurring | Level 3 | Credit | Comparable Pricing | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0100	0.0093
Weighted Average | Recurring | Level 3 | Credit | Correlation Model | Credit Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.36	0.44
Weighted Average | Recurring | Level 3 | Equity | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.35	0.38
Weighted Average | Recurring | Level 3 | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.68	0.71
Weighted Average | Recurring | Level 3 | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.25)	(0.26)
Weighted Average | Recurring | Level 3 | Equity | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.01)	(0.01)
Weighted Average | Recurring | Level 3 | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.19	0.17
Weighted Average | Recurring | Level 3 | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.93	0.93
Weighted Average | Recurring | Level 3 | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	28	31
Weighted Average | Nonrecurring | Level 3 | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0220	0.0181
Weighted Average | Nonrecurring | Level 3 | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0220	0.0247
Average | Recurring | Level 3 | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.85
Average | Recurring | Level 3 | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.08)	0.44
Average | Recurring | Level 3 | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.66
Average | Recurring | Level 3 | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.14
Average | Recurring | Level 3 | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.43	0.44
Average | Recurring | Level 3 | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.71	0.48
Average | Recurring | Level 3 | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.92	0.93
Average | Recurring | Level 3 | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.10
Average | Recurring | Level 3 | Foreign exchange | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.47	0.55
Average | Recurring | Level 3 | Foreign exchange | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.71	0.48
Average | Recurring | Level 3 | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.17	0.15
Median | Recurring | Level 3 | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.91
Median | Recurring | Level 3 | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.08)	0.44
Median | Recurring | Level 3 | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.67
Median | Recurring | Level 3 | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.14
Median | Recurring | Level 3 | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.40	0.40
Median | Recurring | Level 3 | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.71	0.51
Median | Recurring | Level 3 | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Median | Recurring | Level 3 | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.10
Median | Recurring | Level 3 | Foreign exchange | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.47	0.55
Median | Recurring | Level 3 | Foreign exchange | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.71	0.51
Median | Recurring | Level 3 | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.15	0.12
Minimum | Recurring | Level 3 | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.75	0.75
Minimum | Recurring | Level 3 | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	7	7
Minimum | Recurring | Level 3 | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0107	0.0103
Minimum | Recurring | Level 3 | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.15	0.09
Minimum | Recurring | Level 3 | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	7	6
Minimum | Recurring | Level 3 | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.20
Other secured financings, measurement input value	0.25	0.10
Borrowings, measurement input value	0.06	0.05
Minimum | Recurring | Level 3 | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.39	0.45
Minimum | Recurring | Level 3 | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.70)	(0.75)
Minimum | Recurring | Level 3 | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.58
Minimum | Recurring | Level 3 | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.33)	0.28
Minimum | Recurring | Level 3 | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.02)	(0.02)
Minimum | Recurring | Level 3 | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0	0
Minimum | Recurring | Level 3 | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.70	0.60
Minimum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.0009	0.0014
Minimum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.01	0.01
Minimum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.17	0.19
Minimum | Recurring | Level 3 | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.12	0.12
Minimum | Recurring | Level 3 | Corporate and other debt | Discounted Cash Flow | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.15
Minimum | Recurring | Level 3 | Corporate and other debt | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.24
Minimum | Recurring | Level 3 | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.37
Minimum | Recurring | Level 3 | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.04
Minimum | Recurring | Level 3 | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.23	0.23
Minimum | Recurring | Level 3 | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.34	0.22
Minimum | Recurring | Level 3 | Credit | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Minimum | Recurring | Level 3 | Credit | Comparable Pricing | Cash-Synthetic Basis
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.08
Minimum | Recurring | Level 3 | Credit | Comparable Pricing | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0009	0.0246
Minimum | Recurring | Level 3 | Credit | Comparable Pricing | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0063	0.0047
Minimum | Recurring | Level 3 | Credit | Correlation Model | Credit Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.32	0.36
Minimum | Recurring | Level 3 | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.85	0.90
Minimum | Recurring | Level 3 | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.10
Minimum | Recurring | Level 3 | Foreign exchange | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.29	0.53
Minimum | Recurring | Level 3 | Foreign exchange | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.34	0.22
Minimum | Recurring | Level 3 | Equity | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.13	0.17
Minimum | Recurring | Level 3 | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.05	0.05
Minimum | Recurring | Level 3 | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.60)	(0.60)
Minimum | Recurring | Level 3 | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.08)	(0.07)
Minimum | Recurring | Level 3 | Equity | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.02)	(0.02)
Minimum | Recurring | Level 3 | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01	0.07
Minimum | Recurring | Level 3 | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.43	0.05
Minimum | Recurring | Level 3 | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	5	3
Minimum | Nonrecurring | Level 3 | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0054	0.0097
Minimum | Nonrecurring | Level 3 | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0183	0.0223
Maximum | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0435	0.0434
Maximum | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0317	0.0313
Maximum | Recurring | Level 3 | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	1	1
Maximum | Recurring | Level 3 | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	16	10
Maximum | Recurring | Level 3 | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0122	0.0193
Maximum | Recurring | Level 3 | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.16	0.15
Maximum | Recurring | Level 3 | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	25	24
Maximum | Recurring | Level 3 | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.39
Other secured financings, measurement input value	0.28	0.40
Borrowings, measurement input value	0.45	0.35
Maximum | Recurring | Level 3 | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.94	0.98
Maximum | Recurring | Level 3 | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.30	0.50
Maximum | Recurring | Level 3 | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.97
Maximum | Recurring | Level 3 | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.07	0.58
Maximum | Recurring | Level 3 | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Maximum | Recurring | Level 3 | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.97	0.97
Maximum | Recurring | Level 3 | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.01	1.01
Maximum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.0041	0.0090
Maximum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.07	0.07
Maximum | Recurring | Level 3 | Loans and lending commitments | Margin Loan Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.73	0.56
Maximum | Recurring | Level 3 | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.05	1
Maximum | Recurring | Level 3 | Corporate and other debt | Discounted Cash Flow | Discount Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.21
Maximum | Recurring | Level 3 | Corporate and other debt | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.78
Maximum | Recurring | Level 3 | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.89
Maximum | Recurring | Level 3 | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.19
Maximum | Recurring | Level 3 | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.62	0.65
Maximum | Recurring | Level 3 | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.63	0.95
Maximum | Recurring | Level 3 | Credit | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.03	0.75
Maximum | Recurring | Level 3 | Credit | Comparable Pricing | Cash-Synthetic Basis
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.09
Maximum | Recurring | Level 3 | Credit | Comparable Pricing | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0507	0.0499
Maximum | Recurring | Level 3 | Credit | Comparable Pricing | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0131	0.0098
Maximum | Recurring | Level 3 | Credit | Correlation Model | Credit Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.62	0.69
Maximum | Recurring | Level 3 | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Maximum | Recurring | Level 3 | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.11
Maximum | Recurring | Level 3 | Foreign exchange | Option Model | IR FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.56	0.56
Maximum | Recurring | Level 3 | Foreign exchange | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.63	0.95
Maximum | Recurring | Level 3 | Equity | Option Model | At the Money Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.81	0.63
Maximum | Recurring | Level 3 | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.96	0.96
Maximum | Recurring | Level 3 | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.55	0.55
Maximum | Recurring | Level 3 | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.44	0.45
Maximum | Recurring | Level 3 | Equity | Option Model | Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Maximum | Recurring | Level 3 | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.96	1.87
Maximum | Recurring | Level 3 | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.99	0.99
Maximum | Recurring | Level 3 | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	178	185

Fair Values - Fund Interests Me

Fair Values - Fund Interests Measured Based on Net Asset Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Measured Based on Net Asset Value
Carrying Value	$ 3,106	$ 2,582
Commitment	520	481
Private equity
Measured Based on Net Asset Value
Carrying Value	1,542	1,374
Commitment	363	316
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	765
5-10 years	753
Over 10 years	24
Total	1,542
Real estate
Measured Based on Net Asset Value
Carrying Value	1,469	1,105
Commitment	153	161
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	1,151
5-10 years	230
Over 10 years	88
Total	1,469
Hedge
Measured Based on Net Asset Value
Carrying Value	95	103
Commitment	$ 4	$ 4

Fair Values - Borrowings Measur

Fair Values - Borrowings Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Borrowings at fair value	$ 61,654	$ 51,184
Recurring | Equity
Fair Value Measurements
Borrowings at fair value	29,508	24,494
Recurring | Interest Rates
Fair Value Measurements
Borrowings at fair value	26,427	22,343
Recurring | Commodity and other
Fair Value Measurements
Borrowings at fair value	3,973	2,735
Recurring | Credit
Fair Value Measurements
Borrowings at fair value	1,229	856
Recurring | Foreign exchange
Fair Value Measurements
Borrowings at fair value	$ 517	$ 756

Fair Values - Net Revenues from

Fair Values - Net Revenues from Borrowings under the Fair Value Option (Details) - Borrowings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value Option Quantitative Disclosures
Earnings impact	$ (888)	$ 390	$ (6,168)	$ 1,100
Trading revenues
Fair Value Option Quantitative Disclosures
Earnings impact	(795)	449	(5,888)	1,334
Interest expense
Fair Value Option Quantitative Disclosures
Earnings impact	$ 93	$ 59	$ 280	$ 234

Fair Values - Gains (Losses) Du

Fair Values - Gains (Losses) Due to Changes in Instrument-Specific Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value disclosure
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$ (532)		$ (532)		$ 172
Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(2)	$ (4)	(9)	$ (22)
Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	442	(1,010)	(702)	425
Loans and other debt | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(3)	55	148	199
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	(6)	(2)	(3)
Lending commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Other | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	(32)	0	(32)
Other | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	$ 1	$ 28	$ (2)	$ 32

Fair Values - Difference Betwee

Fair Values - Difference Between Contractual Principal and Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Loans and other debt	$ 13,154	$ 13,094
Nonaccrual loans	10,919	10,831
Borrowings	$ (986)	$ 2,657

Fair Values - Fair Value Loans

Fair Values - Fair Value Loans on Nonaccrual Status (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Nonaccrual loans	$ 839	$ 1,497
Nonaccrual loans 90 or more days past due	$ 452	$ 812

Fair Values - Assets and Liab_2

Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Assets at fair value
Loans	$ 3,178		$ 3,178		$ 3,687
Other assets—Other investments	26		26		114
Other assets—Premises, equipment and software	0		0		0
Total	3,204		3,204		3,801
Liabilities at fair value
Other liabilities and accrued expenses—Lending commitments	(225)		(225)		357
Total	(225)		(225)		357
Assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(34)	$ (10)	(28)	$ (21)
Loans
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(27)	(5)	(12)	1
Other assets—Other investments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(3)	(2)	(8)	(9)
Other assets—Premises, equipment and software
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(4)	(3)	(8)	(13)
Liabilities
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(19)	31	82	41
Other liabilities and accrued expenses—Lending commitments2
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(19)	$ 31	82	$ 41
Level 2
Assets at fair value
Loans	1,513		1,513		2,307
Other assets—Other investments	0		0		14
Other assets—Premises, equipment and software	0		0		0
Total	1,513		1,513		2,321
Liabilities at fair value
Other liabilities and accrued expenses—Lending commitments	(161)		(161)		292
Total	(161)		(161)		292
Level 3
Assets at fair value
Loans	1,665		1,665		1,380
Other assets—Other investments	26		26		100
Other assets—Premises, equipment and software	0		0		0
Total	1,691		1,691		1,480
Liabilities at fair value
Other liabilities and accrued expenses—Lending commitments	(64)		(64)		65
Total	$ (64)		$ (64)		$ 65

Fair Values - Financial Instrum

Fair Values - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Financial Assets
Cash and due from banks	$ 35,721	$ 30,541	$ 36,641
Interest bearing deposits with banks	13,196	21,299	22,638
Restricted cash	30,739	35,356	$ 33,202
Securities borrowed	132,401	116,313
Customer and other receivables	59,514	53,298
Loans	110,815	99,815
Financial Liabilities
Deposits	180,738	187,820
Securities sold under agreements to repurchase	59,462	49,759
Securities loaned	9,691	11,908
Other secured financings	9,836	9,466
Customer and other payables	202,915	179,559
Borrowings	193,659	189,662
Carrying Value
Financial Assets
Cash and due from banks	35,721	30,541
Interest bearing deposits with banks	13,196	21,299
Restricted cash	30,739	35,356
Investment securities - HTM	41,076	30,771
Securities purchased under agreements to resell	93,363	98,522
Securities borrowed	132,401	116,313
Customer and other receivables	54,784	47,972
Loans	125,522	115,579
Other assets	474	461
Financial Liabilities
Deposits	179,116	187,378
Securities sold under agreements to repurchase	58,730	48,947
Securities loaned	9,691	11,908
Other secured financings	3,484	4,221
Customer and other payables	199,944	176,561
Borrowings	132,005	138,478
Additional Disclosures
Lending commitments	118,524	104,844
Fair Value
Financial Assets
Cash and due from banks	35,721	30,541
Interest bearing deposits with banks	13,196	21,299
Restricted cash	30,739	35,356
Investment securities - HTM	41,991	29,965
Securities purchased under agreements to resell	93,340	98,477
Securities borrowed	132,406	116,312
Customer and other receivables	54,735	47,839
Loans	125,522	115,725
Other assets	474	461
Financial Liabilities
Deposits	179,536	187,372
Securities sold under agreements to repurchase	58,724	48,910
Securities loaned	9,694	11,906
Other secured financings	3,488	4,227
Customer and other payables	199,944	176,561
Borrowings	135,419	140,115
Additional Disclosures
Lending commitments	1,237	1,570
Fair Value | Level 1
Financial Assets
Cash and due from banks	35,721	30,541
Interest bearing deposits with banks	13,196	21,299
Restricted cash	30,739	35,356
Investment securities - HTM	27,816	17,473
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Loans	0	0
Other assets	0	0
Financial Liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Borrowings	0	0
Additional Disclosures
Lending commitments	0	0
Fair Value | Level 2
Financial Assets
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Restricted cash	0	0
Investment securities - HTM	13,513	12,018
Securities purchased under agreements to resell	91,966	97,611
Securities borrowed	132,406	116,312
Customer and other receivables	51,855	44,620
Loans	23,119	25,604
Other assets	474	461
Financial Liabilities
Deposits	179,536	187,372
Securities sold under agreements to repurchase	58,724	48,385
Securities loaned	9,694	11,906
Other secured financings	3,488	3,233
Customer and other payables	199,944	176,561
Borrowings	135,409	140,085
Additional Disclosures
Lending commitments	889	1,249
Fair Value | Level 3
Financial Assets
Cash and due from banks	0	0
Interest bearing deposits with banks	0	0
Restricted cash	0	0
Investment securities - HTM	662	474
Securities purchased under agreements to resell	1,374	866
Securities borrowed	0	0
Customer and other receivables	2,880	3,219
Loans	102,403	90,121
Other assets	0	0
Financial Liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	525
Securities loaned	0	0
Other secured financings	0	994
Customer and other payables	0	0
Borrowings	10	30
Additional Disclosures
Lending commitments	$ 348	$ 321

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Values of Derivative Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative Assets
Total gross derivatives	$ 356,697	$ 288,585
Amounts offset against counterparty netting	(274,880)	(220,028)
Amounts offset against cash collateral netting	(49,193)	(39,384)
Total in Trading assets	32,624	29,173
Amounts not offset against financial instruments collateral	(14,340)	(12,467)
Amounts not offset against other cash collateral	(35)	(31)
Net amounts	18,249	16,675
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	2,132	2,206
Derivative Liabilities
Total gross derivatives	347,532	275,439
Amounts offset against counterparty netting	(274,880)	(220,028)
Amounts offset against cash collateral netting	(37,250)	(28,153)
Total in Trading liabilities	35,402	27,258
Amounts not offset against financial instruments collateral	(15,849)	(5,475)
Amounts not offset against other cash collateral	(53)	(54)
Net amounts	19,500	21,729
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	3,054	4,773
Bilateral OTC
Derivative Assets
Total gross derivatives	320,683	255,911
Amounts offset against counterparty netting	(242,002)	(190,220)
Amounts offset against cash collateral netting	(47,994)	(38,204)
Total in Trading assets	30,687	27,487
Amounts not offset against financial instruments collateral	(14,340)	(12,467)
Amounts not offset against other cash collateral	(35)	(31)
Net amounts	16,312	14,989
Derivative Liabilities
Total gross derivatives	312,781	243,576
Amounts offset against counterparty netting	(242,002)	(190,220)
Amounts offset against cash collateral netting	(36,520)	(27,860)
Total in Trading liabilities	34,259	25,496
Amounts not offset against financial instruments collateral	(15,526)	(4,709)
Amounts not offset against other cash collateral	(26)	(53)
Net amounts	18,707	20,734
Cleared OTC
Derivative Assets
Total gross derivatives	9,956	6,704
Amounts offset against counterparty netting	(8,580)	(5,260)
Amounts offset against cash collateral netting	(1,199)	(1,180)
Total in Trading assets	177	264
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net amounts	177	264
Derivative Liabilities
Total gross derivatives	9,524	5,603
Amounts offset against counterparty netting	(8,580)	(5,260)
Amounts offset against cash collateral netting	(730)	(293)
Total in Trading liabilities	214	50
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	(27)	(1)
Net amounts	187	49
Exchange- Traded
Derivative Assets
Total gross derivatives	26,058	25,970
Amounts offset against counterparty netting	(24,298)	(24,548)
Amounts offset against cash collateral netting	0	0
Total in Trading assets	1,760	1,422
Amounts not offset against financial instruments collateral	0	0
Amounts not offset against other cash collateral	0	0
Net amounts	1,760	1,422
Derivative Liabilities
Total gross derivatives	25,227	26,260
Amounts offset against counterparty netting	(24,298)	(24,548)
Amounts offset against cash collateral netting	0	0
Total in Trading liabilities	929	1,712
Amounts not offset against financial instruments collateral	(323)	(766)
Amounts not offset against other cash collateral	0	0
Net amounts	606	946
Designated as accounting hedges
Derivative Assets
Total gross derivatives	885	548
Derivative Liabilities
Total gross derivatives	46	262
Designated as accounting hedges | Bilateral OTC
Derivative Assets
Total gross derivatives	875	539
Derivative Liabilities
Total gross derivatives	26	238
Designated as accounting hedges | Cleared OTC
Derivative Assets
Total gross derivatives	10	9
Derivative Liabilities
Total gross derivatives	20	24
Designated as accounting hedges | Exchange- Traded
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	763	513
Derivative Liabilities
Total gross derivatives	1	176
Designated as accounting hedges | Interest rate | Bilateral OTC
Derivative Assets
Total gross derivatives	761	512
Derivative Liabilities
Total gross derivatives	0	176
Designated as accounting hedges | Interest rate | Cleared OTC
Derivative Assets
Total gross derivatives	2	1
Derivative Liabilities
Total gross derivatives	1	0
Designated as accounting hedges | Interest rate | Exchange- Traded
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	122	35
Derivative Liabilities
Total gross derivatives	45	86
Designated as accounting hedges | Foreign exchange | Bilateral OTC
Derivative Assets
Total gross derivatives	114	27
Derivative Liabilities
Total gross derivatives	26	62
Designated as accounting hedges | Foreign exchange | Cleared OTC
Derivative Assets
Total gross derivatives	8	8
Derivative Liabilities
Total gross derivatives	19	24
Designated as accounting hedges | Foreign exchange | Exchange- Traded
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Not designated as accounting hedges
Derivative Assets
Total gross derivatives	355,812	288,037
Derivative Liabilities
Total gross derivatives	347,486	275,177
Not designated as accounting hedges | Bilateral OTC
Derivative Assets
Total gross derivatives	319,808	255,372
Derivative Liabilities
Total gross derivatives	312,755	243,338
Not designated as accounting hedges | Cleared OTC
Derivative Assets
Total gross derivatives	9,946	6,695
Derivative Liabilities
Total gross derivatives	9,504	5,579
Not designated as accounting hedges | Exchange- Traded
Derivative Assets
Total gross derivatives	26,058	25,970
Derivative Liabilities
Total gross derivatives	25,227	26,260
Not designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	223,413	158,352
Derivative Liabilities
Total gross derivatives	214,303	145,924
Not designated as accounting hedges | Interest rate | Bilateral OTC
Derivative Assets
Total gross derivatives	216,358	153,768
Derivative Liabilities
Total gross derivatives	208,515	142,592
Not designated as accounting hedges | Interest rate | Cleared OTC
Derivative Assets
Total gross derivatives	6,090	3,887
Derivative Liabilities
Total gross derivatives	4,956	2,669
Not designated as accounting hedges | Interest rate | Exchange- Traded
Derivative Assets
Total gross derivatives	965	697
Derivative Liabilities
Total gross derivatives	832	663
Not designated as accounting hedges | Credit
Derivative Assets
Total gross derivatives	7,719	6,128
Derivative Liabilities
Total gross derivatives	8,105	6,153
Not designated as accounting hedges | Credit | Bilateral OTC
Derivative Assets
Total gross derivatives	4,932	4,630
Derivative Liabilities
Total gross derivatives	4,649	4,545
Not designated as accounting hedges | Credit | Cleared OTC
Derivative Assets
Total gross derivatives	2,787	1,498
Derivative Liabilities
Total gross derivatives	3,456	1,608
Not designated as accounting hedges | Credit | Exchange- Traded
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Not designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	64,510	63,211
Derivative Liabilities
Total gross derivatives	66,239	63,420
Not designated as accounting hedges | Foreign exchange | Bilateral OTC
Derivative Assets
Total gross derivatives	63,326	61,846
Derivative Liabilities
Total gross derivatives	65,081	62,099
Not designated as accounting hedges | Foreign exchange | Cleared OTC
Derivative Assets
Total gross derivatives	1,069	1,310
Derivative Liabilities
Total gross derivatives	1,092	1,302
Not designated as accounting hedges | Foreign exchange | Exchange- Traded
Derivative Assets
Total gross derivatives	115	55
Derivative Liabilities
Total gross derivatives	66	19
Not designated as accounting hedges | Equity
Derivative Assets
Total gross derivatives	48,900	47,874
Derivative Liabilities
Total gross derivatives	49,934	50,640
Not designated as accounting hedges | Equity | Bilateral OTC
Derivative Assets
Total gross derivatives	26,395	24,590
Derivative Liabilities
Total gross derivatives	27,820	27,119
Not designated as accounting hedges | Equity | Cleared OTC
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Not designated as accounting hedges | Equity | Exchange- Traded
Derivative Assets
Total gross derivatives	22,505	23,284
Derivative Liabilities
Total gross derivatives	22,114	23,521
Not designated as accounting hedges | Commodity and other
Derivative Assets
Total gross derivatives	11,270	12,472
Derivative Liabilities
Total gross derivatives	8,905	9,040
Not designated as accounting hedges | Commodity and other | Bilateral OTC
Derivative Assets
Total gross derivatives	8,797	10,538
Derivative Liabilities
Total gross derivatives	6,690	6,983
Not designated as accounting hedges | Commodity and other | Cleared OTC
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Not designated as accounting hedges | Commodity and other | Exchange- Traded
Derivative Assets
Total gross derivatives	2,473	1,934
Derivative Liabilities
Total gross derivatives	$ 2,215	$ 2,057

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notionals of Derivative Contracts (Details) - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Notional Amount
Derivative assets	$ 18,245	$ 16,457
Derivative liabilities	18,010	15,522
Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,158	7,895
Derivative liabilities	8,210	8,027
Cleared OTC
Derivatives, Notional Amount
Derivative assets	8,711	6,953
Derivative liabilities	8,432	6,030
Exchange- Traded
Derivatives, Notional Amount
Derivative assets	1,376	1,609
Derivative liabilities	1,368	1,465
Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	159	73
Derivative liabilities	24	115
Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	153	67
Derivative liabilities	17	109
Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	6	6
Derivative liabilities	7	6
Designated as accounting hedges | Bilateral OTC
Derivatives, Notional Amount
Derivative assets	16	20
Derivative liabilities	5	7
Designated as accounting hedges | Bilateral OTC | Interest rate
Derivatives, Notional Amount
Derivative assets	11	15
Derivative liabilities	0	2
Designated as accounting hedges | Bilateral OTC | Foreign exchange
Derivatives, Notional Amount
Derivative assets	5	5
Derivative liabilities	5	5
Designated as accounting hedges | Cleared OTC
Derivatives, Notional Amount
Derivative assets	143	53
Derivative liabilities	19	108
Designated as accounting hedges | Cleared OTC | Interest rate
Derivatives, Notional Amount
Derivative assets	142	52
Derivative liabilities	17	107
Designated as accounting hedges | Cleared OTC | Foreign exchange
Derivatives, Notional Amount
Derivative assets	1	1
Derivative liabilities	2	1
Designated as accounting hedges | Exchange- Traded
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Designated as accounting hedges | Exchange- Traded | Interest rate
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Designated as accounting hedges | Exchange- Traded | Foreign exchange
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	18,086	16,384
Derivative liabilities	17,986	15,407
Not designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	13,680	12,672
Derivative liabilities	13,445	11,462
Not designated as accounting hedges | Credit
Derivatives, Notional Amount
Derivative assets	230	236
Derivative liabilities	254	235
Not designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,166	2,568
Derivative liabilities	3,119	2,582
Not designated as accounting hedges | Equity
Derivatives, Notional Amount
Derivative assets	836	744
Derivative liabilities	1,018	991
Not designated as accounting hedges | Commodity and other
Derivatives, Notional Amount
Derivative assets	174	164
Derivative liabilities	150	137
Not designated as accounting hedges | Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,142	7,875
Derivative liabilities	8,205	8,020
Not designated as accounting hedges | Bilateral OTC | Interest rate
Derivatives, Notional Amount
Derivative assets	4,465	4,807
Derivative liabilities	4,462	4,946
Not designated as accounting hedges | Bilateral OTC | Credit
Derivatives, Notional Amount
Derivative assets	138	162
Derivative liabilities	149	162
Not designated as accounting hedges | Bilateral OTC | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,030	2,436
Derivative liabilities	2,985	2,451
Not designated as accounting hedges | Bilateral OTC | Equity
Derivatives, Notional Amount
Derivative assets	404	373
Derivative liabilities	525	389
Not designated as accounting hedges | Bilateral OTC | Commodity and other
Derivatives, Notional Amount
Derivative assets	105	97
Derivative liabilities	84	72
Not designated as accounting hedges | Cleared OTC
Derivatives, Notional Amount
Derivative assets	8,568	6,900
Derivative liabilities	8,413	5,922
Not designated as accounting hedges | Cleared OTC | Interest rate
Derivatives, Notional Amount
Derivative assets	8,357	6,708
Derivative liabilities	8,189	5,735
Not designated as accounting hedges | Cleared OTC | Credit
Derivatives, Notional Amount
Derivative assets	92	74
Derivative liabilities	105	73
Not designated as accounting hedges | Cleared OTC | Foreign exchange
Derivatives, Notional Amount
Derivative assets	119	118
Derivative liabilities	119	114
Not designated as accounting hedges | Cleared OTC | Equity
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not designated as accounting hedges | Cleared OTC | Commodity and other
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not designated as accounting hedges | Exchange- Traded
Derivatives, Notional Amount
Derivative assets	1,376	1,609
Derivative liabilities	1,368	1,465
Not designated as accounting hedges | Exchange- Traded | Interest rate
Derivatives, Notional Amount
Derivative assets	858	1,157
Derivative liabilities	794	781
Not designated as accounting hedges | Exchange- Traded | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Not designated as accounting hedges | Exchange- Traded | Foreign exchange
Derivatives, Notional Amount
Derivative assets	17	14
Derivative liabilities	15	17
Not designated as accounting hedges | Exchange- Traded | Equity
Derivatives, Notional Amount
Derivative assets	432	371
Derivative liabilities	493	602
Not designated as accounting hedges | Exchange- Traded | Commodity and other
Derivatives, Notional Amount
Derivative assets	69	67
Derivative liabilities	$ 66	$ 65

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Gains (Losses) on Accounting Hedges and Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Investment Securities - AFS
Investment Securities—AFS
Carrying amount of currently or previously hedged asset	$ 689		$ 689		$ 201
Basis adjustments included in carrying amount	30		30		4
Borrowings
Borrowings
Carrying amount of currently or previously hedged liability	103,659		103,659		102,899
Basis adjustments included in carrying amount	4,393		4,393		$ (1,689)
Fair Value Hedges | Interest Income | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in Interest Expense	(7)	$ 0	(26)	$ 0
Fair Value Hedges | Interest Income | Investment Securities - AFS
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in Interest Expense	8	0	27	0
Fair Value Hedges | Interest expense | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in Interest Expense	1,999	(1,124)	6,046	(3,584)
Fair Value Hedges | Interest expense | Borrowings
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in Interest Expense	(1,996)	1,124	(6,111)	3,563
Net Investment Hedges | Foreign exchange
Net Investment Hedges
Gains (losses) recognized in OCI, net of tax	251	107	201	354
Forward points excluded from hedge effectiveness testing - Recognized in Interest income		$ 13		$ 44
Forward points excluded from hedge effectiveness testing—Recognized in Interest income	$ 30		$ 107

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Credit Risk-Related Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives
Net derivative liabilities with credit risk-related contingent features	$ 27,319	$ 16,403
Collateral posted	22,154	$ 11,981
Bilateral Downgrade Agreement
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	699
One-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	468
Two-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 308

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Maximum Potential Payout/Notional of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
Credit Derivatives
Maximum potential payout/notional	$ 229	$ 224
Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	34	42
1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	40	51
3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	95	102
Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	60	29
CDS
Credit Derivatives
Maximum potential payout/notional	229	224
CDS protection sold with identical protection purchased	219	210
CDS | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	34	42
CDS | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	40	51
CDS | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	95	102
CDS | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	60	29
Single-name CDS
Credit Derivatives
Maximum potential payout/notional	110	104
Single-name CDS | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	24	32
Single-name CDS | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	27	35
Single-name CDS | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	38	28
Single-name CDS | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	21	9
Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	76	73
Single-name CDS | Investment grade | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	16	22
Single-name CDS | Investment grade | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	18	24
Single-name CDS | Investment grade | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	26	19
Single-name CDS | Investment grade | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	16	8
Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	34	31
Single-name CDS | Non-investment grade | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	8	10
Single-name CDS | Non-investment grade | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	9	11
Single-name CDS | Non-investment grade | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	12	9
Single-name CDS | Non-investment grade | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	5	1
Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	119	120
Index and basket CDS | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	10	10
Index and basket CDS | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	13	16
Index and basket CDS | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	57	74
Index and basket CDS | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	39	20
Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	77	83
Index and basket CDS | Investment grade | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	5	5
Index and basket CDS | Investment grade | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	10	10
Index and basket CDS | Investment grade | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	40	61
Index and basket CDS | Investment grade | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	22	7
Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	42	37
Index and basket CDS | Non-investment grade | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	5	5
Index and basket CDS | Non-investment grade | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	3	6
Index and basket CDS | Non-investment grade | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	17	13
Index and basket CDS | Non-investment grade | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	17	13
Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Other credit contracts | Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	0	0
Other credit contracts | 1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	0	0
Other credit contracts | 3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	0	0
Other credit contracts | Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	$ 0	$ 0

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Fair Value Asset/(Liability) of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Credit Derivatives
Fair Value Asset (Liability)	$ 771	$ (1,398)
CDS
Credit Derivatives
Fair Value Asset (Liability)	789	(1,384)
Single-name CDS
Credit Derivatives
Fair Value Asset (Liability)	(296)	(285)
Single-name CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	663	118
Single-name CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(959)	(403)
Index and basket CDS
Credit Derivatives
Fair Value Asset (Liability)	1,085	(1,099)
Index and basket CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,040	314
Index and basket CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	45	(1,413)
Other credit contracts
Credit Derivatives
Fair Value Asset (Liability)	$ (18)	$ (14)

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities - Protection Purchased with CDS (Details) - Protection Purchased - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
CDS
Credit Derivatives
Fair Value Asset (Liability)	$ (1,175)	$ 1,359
Notional	255,000	247,000
Single name
Credit Derivatives
Fair Value Asset (Liability)	147	277
Notional	119,000	116,000
Index and basket
Credit Derivatives
Fair Value Asset (Liability)	(977)	1,333
Notional	120,000	117,000
Tranched index and basket
Credit Derivatives
Fair Value Asset (Liability)	(345)	(251)
Notional	$ 16,000	$ 14,000

Investment Securities - AFS and

Investment Securities - AFS and HTM Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investment securities
Amortized Cost	$ 105,367	$ 93,046
Gross Unrealized Gains	1,619	114
Gross Unrealized Losses	281	2,134
Fair Value	106,705	91,026
AFS securities
Amortized Cost	64,291	62,275
Gross Unrealized Gains	656	62
Gross Unrealized Losses	233	1,276
Fair Value	64,714	61,061
HTM securities
Amortized Cost	41,076	30,771
Gross Unrealized Gains	963	52
Gross Unrealized Losses	48	858
Fair Value	41,991	29,965
U.S. Treasury and agency securities
AFS securities
Amortized Cost	55,845	57,008
Gross Unrealized Gains	522	50
Gross Unrealized Losses	176	1,153
Fair Value	56,191	55,905
HTM securities
Amortized Cost	40,443	30,288
Gross Unrealized Gains	934	52
Gross Unrealized Losses	48	849
Fair Value	41,329	29,491
U.S. Treasury securities
AFS securities
Amortized Cost	34,422	36,268
Gross Unrealized Gains	274	40
Gross Unrealized Losses	88	656
Fair Value	34,608	35,652
HTM securities
Amortized Cost	27,062	17,832
Gross Unrealized Gains	764	44
Gross Unrealized Losses	10	403
Fair Value	27,816	17,473
U.S. agency securities
AFS securities
Amortized Cost	21,423	20,740
Gross Unrealized Gains	248	10
Gross Unrealized Losses	88	497
Fair Value	21,583	20,253
HTM securities
Amortized Cost	13,381	12,456
Gross Unrealized Gains	170	8
Gross Unrealized Losses	38	446
Fair Value	13,513	12,018
Corporate and other debt
AFS securities
Amortized Cost	8,446	5,267
Gross Unrealized Gains	134	12
Gross Unrealized Losses	57	123
Fair Value	8,523	5,156
HTM securities
Amortized Cost	633
Fair Value	662
Agency CMBS
AFS securities
Amortized Cost	4,512	1,054
Gross Unrealized Gains	104	0
Gross Unrealized Losses	36	62
Fair Value	4,580	992
Non-agency CMBS
AFS securities
Amortized Cost		461
Gross Unrealized Gains		0
Gross Unrealized Losses		14
Fair Value		447
HTM securities
Amortized Cost	633	483
Gross Unrealized Gains	29	0
Gross Unrealized Losses	0	9
Fair Value	662	474
Corporate bonds
AFS securities
Amortized Cost	2,022	1,585
Gross Unrealized Gains	14	0
Gross Unrealized Losses	4	32
Fair Value	2,032	1,553
State and municipal securities
AFS securities
Amortized Cost	252	200
Gross Unrealized Gains	13	2
Gross Unrealized Losses	0	0
Fair Value	$ 265	202
FFELP Student Loan ABS
Investment securities
Third party guarantees (as a percent)	95.00%
AFS securities
Amortized Cost	$ 1,660	1,967
Gross Unrealized Gains	3	10
Gross Unrealized Losses	17	15
Fair Value	$ 1,646	$ 1,962

Investment Securities - Investm

Investment Securities - Investment Securities in an Unrealized Loss Position (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
AFS securities
AFS: Fair Value, Less than 12 Months	$ 9,101	$ 35,485
AFS: Fair Value, 12 Months or Longer	18,333	11,592
AFS: Fair Value, Total	27,434	47,077
AFS: Gross Unrealized Losses, Less than 12 Months	41	1,008
AFS: Gross Unrealized Losses, 12 Months or Longer	192	268
AFS: Gross Unrealized Losses, Total	233	1,276
HTM securities
HTM: Fair Value, Less than 12 Months	5,307	616
HTM: Fair Value, 12 Months or Longer	3,522	21,381
HTM: Fair Value, Total	8,829	21,997
HTM: Gross Unrealized Losses, Less than 12 Months	15	2
HTM: Gross Unrealized Losses, 12 Months or Longer	33	856
HTM: Gross Unrealized Losses, Total	48	858
Investment securities
Investment securities: Fair Value, Less than 12 Months	14,408	36,101
Investment securities: Fair Value, 12 Months or Longer	21,855	32,973
Investment securities: Fair Value	36,263	69,074
Investment securities: Gross Unrealized Loss, Less than 12 Months	56	1,010
Investment securities: Gross Unrealized Loss, 12 Months or Longer	225	1,124
Investment securities: Gross Unrealized Loss	281	2,134
U.S. Treasury and agency securities
AFS securities
AFS: Fair Value, Less than 12 Months	7,297	32,841
AFS: Fair Value, 12 Months or Longer	16,601	10,136
AFS: Fair Value, Total	23,898	42,977
AFS: Gross Unrealized Losses, Less than 12 Months	28	924
AFS: Gross Unrealized Losses, 12 Months or Longer	148	229
AFS: Gross Unrealized Losses, Total	176	1,153
HTM securities
HTM: Fair Value, Less than 12 Months	5,307	410
HTM: Fair Value, 12 Months or Longer	3,522	21,165
HTM: Fair Value, Total	8,829	21,575
HTM: Gross Unrealized Losses, Less than 12 Months	15	1
HTM: Gross Unrealized Losses, 12 Months or Longer	33	848
HTM: Gross Unrealized Losses, Total	48	849
U.S. Treasury securities
AFS securities
AFS: Fair Value, Less than 12 Months	4,233	19,937
AFS: Fair Value, 12 Months or Longer	9,318	5,994
AFS: Fair Value, Total	13,551	25,931
AFS: Gross Unrealized Losses, Less than 12 Months	13	541
AFS: Gross Unrealized Losses, 12 Months or Longer	75	115
AFS: Gross Unrealized Losses, Total	88	656
HTM securities
HTM: Fair Value, Less than 12 Months	2,811	0
HTM: Fair Value, 12 Months or Longer	950	11,161
HTM: Fair Value, Total	3,761	11,161
HTM: Gross Unrealized Losses, Less than 12 Months	8	0
HTM: Gross Unrealized Losses, 12 Months or Longer	2	403
HTM: Gross Unrealized Losses, Total	10	403
U.S. agency securities
AFS securities
AFS: Fair Value, Less than 12 Months	3,064	12,904
AFS: Fair Value, 12 Months or Longer	7,283	4,142
AFS: Fair Value, Total	10,347	17,046
AFS: Gross Unrealized Losses, Less than 12 Months	15	383
AFS: Gross Unrealized Losses, 12 Months or Longer	73	114
AFS: Gross Unrealized Losses, Total	88	497
HTM securities
HTM: Fair Value, Less than 12 Months	2,496	410
HTM: Fair Value, 12 Months or Longer	2,572	10,004
HTM: Fair Value, Total	5,068	10,414
HTM: Gross Unrealized Losses, Less than 12 Months	7	1
HTM: Gross Unrealized Losses, 12 Months or Longer	31	445
HTM: Gross Unrealized Losses, Total	38	446
Corporate and other debt
AFS securities
AFS: Fair Value, Less than 12 Months	1,804	2,644
AFS: Fair Value, 12 Months or Longer	1,732	1,456
AFS: Fair Value, Total	3,536	4,100
AFS: Gross Unrealized Losses, Less than 12 Months	13	84
AFS: Gross Unrealized Losses, 12 Months or Longer	44	39
AFS: Gross Unrealized Losses, Total	57	123
Agency CMBS
AFS securities
AFS: Fair Value, Less than 12 Months	837	808
AFS: Fair Value, 12 Months or Longer	719	0
AFS: Fair Value, Total	1,556	808
AFS: Gross Unrealized Losses, Less than 12 Months	6	62
AFS: Gross Unrealized Losses, 12 Months or Longer	30	0
AFS: Gross Unrealized Losses, Total	36	62
Non-agency CMBS
AFS securities
AFS: Fair Value, Less than 12 Months		0
AFS: Fair Value, 12 Months or Longer		446
AFS: Fair Value, Total		446
AFS: Gross Unrealized Losses, Less than 12 Months		0
AFS: Gross Unrealized Losses, 12 Months or Longer		14
AFS: Gross Unrealized Losses, Total		14
HTM securities
HTM: Fair Value, Less than 12 Months		206
HTM: Fair Value, 12 Months or Longer		216
HTM: Fair Value, Total		422
HTM: Gross Unrealized Losses, Less than 12 Months		1
HTM: Gross Unrealized Losses, 12 Months or Longer		8
HTM: Gross Unrealized Losses, Total		9
Corporate bonds
AFS securities
AFS: Fair Value, Less than 12 Months	477	470
AFS: Fair Value, 12 Months or Longer	262	1,010
AFS: Fair Value, Total	739	1,480
AFS: Gross Unrealized Losses, Less than 12 Months	3	7
AFS: Gross Unrealized Losses, 12 Months or Longer	1	25
AFS: Gross Unrealized Losses, Total	4	32
FFELP Student Loan ABS
AFS securities
AFS: Fair Value, Less than 12 Months	490	1,366
AFS: Fair Value, 12 Months or Longer	751	0
AFS: Fair Value, Total	1,241	1,366
AFS: Gross Unrealized Losses, Less than 12 Months	4	15
AFS: Gross Unrealized Losses, 12 Months or Longer	13	0
AFS: Gross Unrealized Losses, Total	$ 17	$ 15

Investment Securities - Inves_2

Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
AFS securities: Amortized cost, total	$ 64,291	$ 62,275
HTM securities: Amortized cost, total	41,076	30,771
Investment securities: Amortized cost, total	105,367	93,046
Fair Value
AFS securities: Fair value, total	64,714	61,061
HTM securities: Fair value, total	41,991	29,965
Investment securities: Fair value, total	$ 106,705	91,026
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.10%
HTM securities: Annualized average yield, total (as a percent)	2.40%
Investment securities: Annualized average yield, total (as a percent)	2.20%
U.S. Treasury and agency securities
Amortized Cost
AFS securities: Amortized cost, total	$ 55,845	57,008
HTM securities: Amortized cost, total	40,443	30,288
Fair Value
AFS securities: Fair value, total	56,191	55,905
HTM securities: Fair value, total	$ 41,329	29,491
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.00%
HTM securities: Annualized average yield, total (as a percent)	2.30%
U.S. Treasury securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 6,278
AFS securities: Amortized cost, after 1 year through 5 years	23,285
AFS securities: Amortized cost, after 5 years through 10 years	4,859
AFS securities: Amortized cost, total	34,422	36,268
HTM securities: Amortized cost, due within 1 year	1,742
HTM securities: Amortized cost, after 1 year through 5 years	15,514
HTM securities: Amortized cost, after 5 year through 10 years	8,722
HTM securities: Amortized cost, after 10 years	1,084
HTM securities: Amortized cost, total	27,062	17,832
Fair Value
AFS securities: Fair value, due within 1 year	6,294
AFS securities: Fair value, after 1 year through 5 years	23,415
AFS securities: Fair value, after 5 years through 10 years	4,899
AFS securities: Fair value, total	34,608	35,652
HTM securities: Fair value, due within 1 year	1,750
HTM securities: Fair value, after 1 year through 5 years	15,778
HTM securities: Fair value, after 5 years through 10 years	9,117
HTM securities: Fair value, after 10 years	1,171
HTM securities: Fair value, total	$ 27,816	17,473
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	2.10%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.70%
HTM securities: Annualized average yield, due within 1 year (as a percent)	2.20%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	2.20%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.20%
HTM securities: Annualized average yield, after 10 year (as a percent)	2.50%
U.S. agency securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 61
AFS securities: Amortized cost, after 1 year through 5 years	644
AFS securities: Amortized cost, after 5 years through 10 years	1,416
AFS securities: Amortized cost, after 10 years	19,302
AFS securities: Amortized cost, total	21,423	20,740
HTM securities: Amortized cost, after 5 year through 10 years	25
HTM securities: Amortized cost, after 10 years	13,356
HTM securities: Amortized cost, total	13,381	12,456
Fair Value
AFS securities: Fair value, due within 1 year	61
AFS securities: Fair value, after 1 year through 5 years	641
AFS securities: Fair value, after 5 years through 10 years	1,409
AFS securities: Fair value, after 10 years	19,472
AFS securities: Fair value, total	21,583	20,253
HTM securities: Fair value, after 5 years through 10 years	25
HTM securities: Fair value, after 10 years	13,488
HTM securities: Fair value, total	$ 13,513	12,018
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	2.10%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.10%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	2.40%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.90%
HTM securities: Annualized average yield, after 10 year (as a percent)	2.60%
Corporate and other debt
Amortized Cost
AFS securities: Amortized cost, total	$ 8,446	5,267
HTM securities: Amortized cost, total	633
Fair Value
AFS securities: Fair value, total	8,523	5,156
HTM securities: Fair value, total	$ 662
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.20%
HTM securities: Annualized average yield, total (as a percent)	4.10%
Agency CMBS
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 615
AFS securities: Amortized cost, after 5 years through 10 years	2,942
AFS securities: Amortized cost, after 10 years	955
AFS securities: Amortized cost, total	4,512	1,054
Fair Value
AFS securities: Fair value, after 1 year through 5 years	613
AFS securities: Fair value, after 5 years through 10 years	3,029
AFS securities: Fair value, after 10 years	938
AFS securities: Fair value, total	$ 4,580	992
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.50%
AFS securities: Annualized average yield, after 10 years (as a percent)	2.00%
Non-agency CMBS
Amortized Cost
AFS securities: Amortized cost, total		461
HTM securities: Amortized cost, due within 1 year	$ 93
HTM securities: Amortized cost, after 1 year through 5 years	85
HTM securities: Amortized cost, after 5 year through 10 years	374
HTM securities: Amortized cost, after 10 years	81
HTM securities: Amortized cost, total	633	483
Fair Value
AFS securities: Fair value, total		447
HTM securities: Fair value, due within 1 year	93
HTM securities: Fair value, after 1 year through 5 years	85
HTM securities: Fair value, after 5 years through 10 years	399
HTM securities: Fair value, after 10 years	85
HTM securities: Fair value, total	$ 662	474
Annualized Average Yield
HTM securities: Annualized average yield, due within 1 year (as a percent)	4.80%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	4.00%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	4.10%
HTM securities: Annualized average yield, after 10 year (as a percent)	3.70%
Corporate bonds
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 109
AFS securities: Amortized cost, after 1 year through 5 years	1,498
AFS securities: Amortized cost, after 5 years through 10 years	415
AFS securities: Amortized cost, total	2,022	1,585
Fair Value
AFS securities: Fair value, due within 1 year	110
AFS securities: Fair value, after 1 year through 5 years	1,509
AFS securities: Fair value, after 5 years through 10 years	413
AFS securities: Fair value, total	$ 2,032	1,553
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	2.30%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	2.60%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.00%
State and municipal securities
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 10
AFS securities: Amortized cost, after 5 years through 10 years	25
AFS securities: Amortized cost, after 10 years	217
AFS securities: Amortized cost, total	252	200
Fair Value
AFS securities: Fair value, after 1 year through 5 years	10
AFS securities: Fair value, after 5 years through 10 years	26
AFS securities: Fair value, after 10 years	229
AFS securities: Fair value, total	$ 265	202
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	2.20%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	4.40%
FFELP Student Loan ABS
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 74
AFS securities: Amortized cost, after 5 years through 10 years	389
AFS securities: Amortized cost, after 10 years	1,197
AFS securities: Amortized cost, total	1,660	1,967
Fair Value
AFS securities: Fair value, after 1 year through 5 years	72
AFS securities: Fair value, after 5 years through 10 years	382
AFS securities: Fair value, after 10 years	1,192
AFS securities: Fair value, total	$ 1,646	$ 1,962
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	0.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	0.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	1.20%

Investment Securities - Gross R

Investment Securities - Gross Realized Gains and Losses on Sales of AFS Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
AFS securities
Gross realized gains	$ 27	$ 5	$ 99	$ 11
Gross realized (losses)	(1)	0	(10)	(3)
Total	$ 26	$ 5	$ 89	$ 8

Collateralized Transactions - O

Collateralized Transactions - Offsetting of Certain Collateralized Transactions (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Securities purchased under agreements to resell
Gross amounts	$ 263,485	$ 262,976
Amounts offset	(170,118)	(164,454)
Net amounts presented	93,367	98,522
Amounts not offset	(91,505)	(95,610)
Net amounts	1,862	2,912
Securities borrowed
Gross amounts	142,723	134,711
Amounts offset	(10,322)	(18,398)
Net amounts presented	132,401	116,313
Amounts not offset	(126,161)	(112,551)
Net amounts	6,240	3,762
Securities sold under agreements to repurchase
Gross amounts	229,626	214,213
Amounts offset	(170,164)	(164,454)
Net amounts presented	59,462	49,759
Amounts not offset	(42,091)	(41,095)
Net amounts	17,371	8,664
Securities loaned
Gross amounts	19,967	30,306
Amounts offset	(10,276)	(18,398)
Net amounts presented	9,691	11,908
Amounts not offset	(9,660)	(11,677)
Net amounts	31	231
Net amounts for which master netting agreements are not in place or may not be legally enforceable
Securities purchased under agreements to resell	1,390	2,579
Securities borrowed	1,578	724
Securities sold under agreements to repurchase	15,695	6,762
Securities loaned	$ 20	$ 191

Collateralized Transactions - G

Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Gross Secured Financing Balances
Securities sold under agreements to repurchase	$ 229,626	$ 214,213
Securities loaned	19,967	30,306
Total included in the offsetting disclosure	249,593	244,519
Trading liabilities— Obligation to return securities received as collateral	21,440	17,594
Total	271,033	262,113
U.S. Treasury and agency securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	81,642	68,487
State and municipal securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	1,164	925
Other sovereign government obligations
Gross Secured Financing Balances
Securities sold under agreements to repurchase	117,949	120,432
Securities loaned	10,667	19,021
ABS
Gross Secured Financing Balances
Securities sold under agreements to repurchase	2,338	3,017
Corporate and other debt
Gross Secured Financing Balances
Securities sold under agreements to repurchase	7,718	8,719
Corporate equities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	18,279	12,079
Securities loaned	9,242	10,800
Trading liabilities— Obligation to return securities received as collateral	21,432	17,594
Other
Gross Secured Financing Balances
Securities sold under agreements to repurchase	536	554
Securities loaned	58	485
Trading liabilities— Obligation to return securities received as collateral	8	0
Overnight and Open
Gross Secured Financing Balances
Securities sold under agreements to repurchase	78,896	56,503
Securities loaned	9,780	18,397
Total included in the offsetting disclosure	88,676	74,900
Trading liabilities— Obligation to return securities received as collateral	21,440	17,594
Total	110,116	92,494
Less than 30 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	74,832	93,427
Securities loaned	4,540	3,609
Total included in the offsetting disclosure	79,372	97,036
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	79,372	97,036
30-90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	31,794	35,692
Securities loaned	611	1,985
Total included in the offsetting disclosure	32,405	37,677
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	32,405	37,677
Over 90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	44,104	28,591
Securities loaned	5,036	6,315
Total included in the offsetting disclosure	49,140	34,906
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	$ 49,140	$ 34,906

Collateralized Transactions - A

Collateralized Transactions - Assets Loaned or Pledged (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Collateralized Agreements [Abstract]
Trading assets	$ 38,325	$ 39,430
Loans (gross of allowance for loan losses)	300	0
Total	$ 38,625	$ 39,430

Collateralized Transactions - C

Collateralized Transactions - Collateral Received (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Collateralized Agreements [Abstract]
Collateral received with right to sell or repledge	$ 724,356	$ 639,610
Collateral that was sold or repledged	$ 577,354	$ 487,983

Collateralized Transactions - R

Collateralized Transactions - Restricted Cash and Segregated Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Collateralized Agreements [Abstract]
Restricted cash	$ 30,739	$ 35,356	$ 33,202
Segregated securities	24,838	26,877
Total	$ 55,577	$ 62,233

Collateralized Transactions -_2

Collateralized Transactions - Customer Margin Lending (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Collateralized Agreements [Abstract]
Customer receivables representing margin loans	$ 28,068	$ 26,225

Loans, Lending Commitments an_3

Loans, Lending Commitments and Allowance for Credit Losses - Loans by Type (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Loans Held for Investment
Loans held for investment, gross	$ 111,112	$ 100,053
Allowance for loan losses	(297)	(238)	$ (231)	$ (224)
Loans held for investment, net	110,815	99,815
Loans Held for Sale
Loans held for sale, gross	14,707	15,764
Allowance for loan losses	0	0
Loans held for sale, net	14,707	15,764
Total Loans
Total loans, gross	125,819	115,817
Allowance for loan losses	(297)	(238)
Total loans, net	125,522	115,579
Fixed rate loans, net	20,233	15,632
Floating or adjustable rate loans, net	105,289	99,947
Loans to non-U.S. borrowers, net	20,722	17,568
Corporate
Loans Held for Investment
Loans held for investment, gross	45,117	36,909
Allowance for loan losses	(206)	(144)	(135)	(126)
Loans Held for Sale
Loans held for sale, gross	13,525	13,886
Total Loans
Total loans, gross	58,642	50,795
Consumer
Loans Held for Investment
Loans held for investment, gross	30,010	27,868
Allowance for loan losses	(7)	(7)	(5)	(4)
Loans Held for Sale
Loans held for sale, gross	0	0
Total Loans
Total loans, gross	30,010	27,868
Residential real estate
Loans Held for Investment
Loans held for investment, gross	29,184	27,466
Allowance for loan losses	(24)	(20)	(20)	(24)
Loans Held for Sale
Loans held for sale, gross	17	22
Total Loans
Total loans, gross	29,201	27,488
Commercial real estate
Loans Held for Investment
Loans held for investment, gross	6,801	7,810
Allowance for loan losses	(60)	(67)	$ (71)	$ (70)
Loans Held for Sale
Loans held for sale, gross	1,165	1,856
Total Loans
Total loans, gross	$ 7,966	$ 9,666

Loans, Lending Commitments an_4

Loans, Lending Commitments and Allowance for Credit Losses - Loans Held for Investment before Allowance by Credit Quality (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	$ 111,112	$ 100,053
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	45,117	36,909
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	30,010	27,868
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	29,184	27,466
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	6,801	7,810
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	109,826	98,845
Pass | Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	44,152	36,217
Pass | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	30,005	27,863
Pass | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	29,051	27,387
Pass | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	6,618	7,378
Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	480	809
Special mention | Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	373	492
Special mention | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	5
Special mention | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	27	0
Special mention | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	80	312
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	806	399
Substandard | Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	592	200
Substandard | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	5	0
Substandard | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	106	79
Substandard | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	103	120
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Doubtful | Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Doubtful | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Doubtful | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Doubtful | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Loss | Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Loss | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Loss | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	0	0
Loss | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, gross	$ 0	$ 0

Loans, Lending Commitments an_5

Loans, Lending Commitments and Allowance for Credit Losses - Impaired Loans and Lending Commitments before Allowance (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Loans
With allowance	$ 232	$ 24
Without allowance	125	101
Total impaired loans	357	125
UPB	366	133
Lending commitments
With allowance	5	19
Without allowance	37	34
Total impaired lending commitments	42	53
Corporate
Loans
With allowance	232	24
Without allowance	28	32
Total impaired loans	260	56
UPB	267	63
Lending commitments
With allowance	5	19
Without allowance	37	34
Total impaired lending commitments	42	53
Consumer
Loans
With allowance	0	0
Without allowance	5	0
Total impaired loans	5	0
UPB	5	0
Lending commitments
With allowance	0	0
Without allowance	0	0
Total impaired lending commitments	0	0
Residential real estate
Loans
With allowance	0	0
Without allowance	92	69
Total impaired loans	92	69
UPB	94	70
Lending commitments
With allowance	0	0
Without allowance	0	0
Total impaired lending commitments	$ 0	$ 0

Loans, Lending Commitments an_6

Loans, Lending Commitments and Allowance for Credit Losses - Impaired Loans and Total Allowance by Region (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Impaired Loans
Impaired loans	$ 357	$ 125
Total Allowance for loan losses	297	238
Americas
Impaired Loans
Impaired loans	357	125
Total Allowance for loan losses	227	193
EMEA
Impaired Loans
Impaired loans	0	0
Total Allowance for loan losses	64	42
Asia
Impaired Loans
Impaired loans	0	0
Total Allowance for loan losses	$ 6	$ 3

Loans, Lending Commitments an_7

Loans, Lending Commitments and Allowance for Credit Losses - Troubled Debt Restructurings (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Troubled Debt Restructurings
Loans	$ 46	$ 38
Lending commitments	49	45
Allowance for loan losses and lending commitments	$ 5	$ 4

Loans, Lending Commitments an_8

Loans, Lending Commitments and Allowance for Credit Losses - Activity of Allowance for Loan Losses and Lending Commitments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for loan losses rollforward
Beginning balance			$ 238	$ 224
Gross charge-offs			(1)	(4)
Recoveries				54
Net recoveries (charge-offs)				50
Provision (release)	$ 34	$ 1	68	(33)
Other			(8)	(10)
Ending balance	297	231	297	231
Inherent	279	226	279	226
Specific	18	5	18	5
Allowance for lending commitments rollforward
Beginning balance			203	198
Provision (release)	16	1	36	6
Other			(5)	(3)
Ending balance	234	201	234	201
Inherent	230	194	230	194
Specific	4	7	4	7
Corporate
Allowance for loan losses rollforward
Beginning balance			144	126
Gross charge-offs			0	(4)
Recoveries				54
Net recoveries (charge-offs)				50
Provision (release)			69	(39)
Other			(7)	(2)
Ending balance	206	135	206	135
Inherent	188	130	188	130
Specific	18	5	18	5
Allowance for lending commitments rollforward
Beginning balance			198	194
Provision (release)			34	5
Other			(4)	(2)
Ending balance	228	197	228	197
Inherent	224	190	224	190
Specific	4	7	4	7
Consumer
Allowance for loan losses rollforward
Beginning balance			7	4
Gross charge-offs			0	0
Recoveries				0
Net recoveries (charge-offs)				0
Provision (release)			0	1
Other			0	0
Ending balance	7	5	7	5
Inherent	7	5	7	5
Specific	0	0	0	0
Allowance for lending commitments rollforward
Beginning balance			2	1
Provision (release)			0	0
Other			(1)	0
Ending balance	1	1	1	1
Inherent	1	1	1	1
Specific	0	0	0	0
Residential real estate
Allowance for loan losses rollforward
Beginning balance			20	24
Gross charge-offs			(1)	0
Recoveries				0
Net recoveries (charge-offs)				0
Provision (release)			5	(4)
Other			0	0
Ending balance	24	20	24	20
Inherent	24	20	24	20
Specific	0	0	0	0
Allowance for lending commitments rollforward
Beginning balance			0	0
Provision (release)			0	0
Other			0	0
Ending balance	0	0	0	0
Inherent	0	0	0	0
Specific	0	0	0	0
Commercial real estate
Allowance for loan losses rollforward
Beginning balance			67	70
Gross charge-offs			0	0
Recoveries				0
Net recoveries (charge-offs)				0
Provision (release)			(6)	9
Other			(1)	(8)
Ending balance	60	71	60	71
Inherent	60	71	60	71
Specific	0	0	0	0
Allowance for lending commitments rollforward
Beginning balance			3	3
Provision (release)			2	1
Other			0	(1)
Ending balance	5	3	5	3
Inherent	5	3	5	3
Specific	$ 0	$ 0	$ 0	$ 0

Loans, Lending Commitments an_9

Loans, Lending Commitments and Allowance for Credit Losses - Employee Loans (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Employee Loans
Balance	$ 2,990	$ 3,415
Allowance for loan losses	(61)	(63)
Balance, net	$ 2,929	$ 3,352
Repayment term range, in years	4 years 8 months 12 days	4 years 3 months 18 days

Equity Method Investments - Bal

Equity Method Investments - Balances (Details) - Investment Management - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Equity Method Investments
Investments	$ 2,391		$ 2,391		$ 2,432
Income (loss)	$ (13)	$ 8	$ (39)	$ 62

Equity Method Investments - Joi

Equity Method Investments - Joint Ventures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
MSMS
Equity Method Investments
Voting interest (as a percent)	40.00%		40.00%
MSMS | MUFG
Equity Method Investments
Voting interest (as a percent)	60.00%		60.00%
MUMSS
Equity Method Investments
Income from equity method investments	$ (4)	$ 17	$ 5	$ 99
Voting interest (as a percent)	40.00%		40.00%
Institutional Securities | MSMS
Equity Method Investments
Voting interest (as a percent)	51.00%		51.00%

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
Savings and demand deposits	$ 141,344	$ 154,897
Time deposits	39,394	32,923
Total	180,738	187,820
Deposits subject to FDIC insurance	143,697	144,515
Time deposits that equal or exceed the FDIC insurance limit	$ 18	$ 11

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Time Deposit Maturities
2019	$ 5,394
2020	18,091
2021	8,274
2022	2,783
2023	2,704
Thereafter	2,148
Total	$ 39,394	$ 32,923

Borrowings and Other Secured _3

Borrowings and Other Secured Financings - Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Borrowings
Original maturities of one year or less	$ 1,297	$ 1,545
Original maturities greater than one year
Senior	181,668	178,027
Subordinated	10,694	10,090
Total	192,362	188,117
Total borrowings	$ 193,659	$ 189,662
Weighted average stated maturity, in years	6 years 10 months 24 days	6 years 6 months

Borrowings and Other Secured _4

Borrowings and Other Secured Financings - Other Secured Financings (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Original maturities:
Greater than one year	$ 4,476	$ 6,772
One year or less	4,089	2,036
Failed sales	1,271	658
Total	$ 9,836	$ 9,466

Commitments, Leases, Guarante_3

Commitments, Leases, Guarantees and Contingencies - Commitments (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitment, Fiscal Year Maturity
Less than 1 (year)	$ 108,444
1-3 (years)	35,129
3-5 (years)	48,871
Over 5 (years)	17,588
Total	210,032
Corporate Lending
Commitment, Fiscal Year Maturity
Less than 1 (year)	23,252
1-3 (years)	33,207
3-5 (years)	48,734
Over 5 (years)	5,447
Total	110,640
Corporate lending commitments participated to third parties	7,867
Consumer Lending
Commitment, Fiscal Year Maturity
Less than 1 (year)	7,769
1-3 (years)	6
3-5 (years)	12
Over 5 (years)	0
Total	7,787
Residential and Commercial Real Estate Lending
Commitment, Fiscal Year Maturity
Less than 1 (year)	380
1-3 (years)	1,148
3-5 (years)	75
Over 5 (years)	277
Total	1,880
Forward-starting secured financing receivables
Commitment, Fiscal Year Maturity
Less than 1 (year)	75,785
1-3 (years)	635
3-5 (years)	0
Over 5 (years)	11,612
Total	88,032
Forward-starting secured financing receivables settled within three business days	60,893
Underwriting
Commitment, Fiscal Year Maturity
Less than 1 (year)	561
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	561
Investment activities
Commitment, Fiscal Year Maturity
Less than 1 (year)	508
1-3 (years)	131
3-5 (years)	50
Over 5 (years)	250
Total	939
Letters of credit and other financial guarantees
Commitment, Fiscal Year Maturity
Less than 1 (year)	189
1-3 (years)	2
3-5 (years)	0
Over 5 (years)	2
Total	$ 193

Commitments, Leases, Guarante_4

Commitments, Leases, Guarantees and Contingencies - Balance Sheet Amounts Related to Leases (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Other assets—ROU assets	$ 3,825
Lease liabilities	$ 4,535
Weighted average:
Remaining lease term, in years	9 years 7 months 6 days
Discount rate (as a percent)	3.70%

Commitments, Leases, Guarante_5

Commitments, Leases, Guarantees and Contingencies - Lease Liabilities (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2019	$ 185
2020	719
2021	659
2022	606
2023	554
Thereafter	2,817
Total undiscounted cash flows	5,540
Imputed interest	(1,005)
Amount on balance sheet	$ 4,535

Commitments, Leases, Guarante_6

Commitments, Leases, Guarantees and Contingencies - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Fixed costs	$ 173	$ 499
Variable costs	33	115
Less: Sublease income	(1)	(3)
Total lease cost, net	$ 205	$ 611

Commitments, Leases, Guarante_7

Commitments, Leases, Guarantees and Contingencies - Cash Flows Statement Supplemental Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Cash outflows—Lease liabilities	$ 177	$ 509
Non-cash—ROU assets recorded for new and modified leases	$ 104	$ 215

Commitments, Leases, Guarante_8

Commitments, Leases, Guarantees and Contingencies - Minimum Future Lease Commitments (Details) - Premises and Equipment $ in Millions	Dec. 31, 2018USD ($)
Minimum Future Lease Commitments
2019	$ 677
2020	657
2021	602
2022	555
2023	507
Thereafter	2,639
Total undiscounted cash flows	5,637
Minimum rental income to be received in the future under non-cancelable operating subleases	$ 7

Commitments, Leases, Guarante_9

Commitments, Leases, Guarantees and Contingencies - Obligations under Guarantee Arrangements (Details) $ in Millions	Sep. 30, 2019USD ($)
Credit derivatives
Guarantees
Maximum potential payout/notional	$ 229,412
Carrying amount: asset	789
Collateral/recourse	0
Credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	33,594
Credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	40,198
Credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	96,188
Credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	59,432
Other credit contracts
Guarantees
Maximum potential payout/notional	116
Carrying amount: liability	(18)
Collateral/recourse	0
Other credit contracts | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Other credit contracts | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Other credit contracts | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Other credit contracts | Over 5 (Years)
Guarantees
Maximum potential payout/notional	116
Non-credit derivatives
Guarantees
Maximum potential payout/notional	4,290,521
Carrying amount: liability	(76,165)
Collateral/recourse	0
Non-credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,715,003
Non-credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,467,985
Non-credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	434,155
Non-credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	673,378
Standby letters of credit and other financial guarantees issued1
Guarantees
Maximum potential payout/notional	7,531
Carrying amount: asset	224
Collateral/recourse	6,488
Standby letters of credit	600
Standby letters of credit and other financial guarantees issued1 | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,018
Standby letters of credit and other financial guarantees issued1 | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	886
Standby letters of credit and other financial guarantees issued1 | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1,410
Standby letters of credit and other financial guarantees issued1 | Over 5 (Years)
Guarantees
Maximum potential payout/notional	4,217
Market value guarantees
Guarantees
Maximum potential payout/notional	175
Carrying amount: asset	0
Collateral/recourse	72
Market value guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	85
Market value guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	89
Market value guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1
Market value guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities
Guarantees
Maximum potential payout/notional	4,545
Carrying amount: asset	6
Collateral/recourse	7,925
Liquidity facilities | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	4,545
Liquidity facilities | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees
Guarantees
Maximum potential payout/notional	23,196
Carrying amount: liability	0
Collateral/recourse	0
Whole loan sales guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	23,196
Securitization representations and warranties
Guarantees
Maximum potential payout/notional	66,530
Carrying amount: liability	(42)
Collateral/recourse	0
Securitization representations and warranties | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | Over 5 (Years)
Guarantees
Maximum potential payout/notional	66,530
General partner guarantees
Guarantees
Maximum potential payout/notional	275
Carrying amount: liability	(44)
Collateral/recourse	0
General partner guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	65
General partner guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	127
General partner guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	12
General partner guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	71
Client clearing guarantees
Guarantees
Maximum potential payout/notional	9,746
Carrying amount: liability	0
Collateral/recourse	9,745
Client clearing guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	9,746
Client clearing guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	$ 0

Commitments, Leases, Guarant_10

Commitments, Leases, Guarantees and Contingencies - Contingencies (Details) € in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Loss Contingencies
Derivative asset	$ 18,245,000		$ 16,457,000
China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al. | Pending Litigation
Loss Contingencies
Lawsuit filing date	Jul. 15, 2010
Derivative asset	$ 275
Damages sought	228
Damages sought for obligations to pay	12
China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al. | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	$ 240
US Bank National Association, solely in its capacity as Trustee of the Morgan Stanley Mortgage Loan Trust 2007-2AX (MSM 2007-2AX) v. Morgan Stanley Mortgage Capital Holdings LLC, as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc. and GreenPoint Mortgage Funding, Inc. | Pending Litigation
Loss Contingencies
Lawsuit filing date	Jul. 8, 2013
Original principal amount of debt instrument	$ 650
US Bank National Association, solely in its capacity as Trustee of the Morgan Stanley Mortgage Loan Trust 2007-2AX (MSM 2007-2AX) v. Morgan Stanley Mortgage Capital Holdings LLC, as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc. and GreenPoint Mortgage Funding, Inc. | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	$ 240
Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. (NIMS 2007-1) | Pending Litigation
Loss Contingencies
Lawsuit filing date	Sep. 19, 2014
Original principal amount of debt instrument	$ 475
Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. (NIMS 2007-1) | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	$ 126
Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. (Trust 2007-NC4) | Pending Litigation
Loss Contingencies
Lawsuit filing date	Sep. 23, 2014
Original principal amount of debt instrument	$ 876
Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. (Trust 2007-NC4) | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	$ 277
Deutsche Bank National Trust Company solely in its capacity as Trustee of the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LLC as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc., and Morgan Stanley ABS Capital I Inc. | Pending Litigation
Loss Contingencies
Lawsuit filing date	Jan. 23, 2015
Original principal amount of debt instrument	$ 1,050
Deutsche Bank National Trust Company solely in its capacity as Trustee of the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LLC as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc., and Morgan Stanley ABS Capital I Inc. | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	277
Case Number 15/3637 and Case Number 15/4353 | Pending Litigation
Loss Contingencies
Withholding tax credit set-off | €		€ 124
Case Number 15/3637 and Case Number 15/4353 | Pending Litigation | Maximum
Loss Contingencies
Estimate of possible loss	$ 135	€ 124

Variable Interest Entities an_3

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Type of Activity (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity
VIE Assets	$ 1,173	$ 1,135
VIE Liabilities	73	86
OSF
Variable Interest Entity
VIE Assets	281	267
VIE Liabilities	0	0
MABS
Variable Interest Entity
VIE Assets	13	59
VIE Liabilities	4	38
Other
Variable Interest Entity
VIE Assets	879	809
VIE Liabilities	$ 69	$ 48

Variable Interest Entities an_4

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Balance Sheet Caption (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets
Cash and due from banks	$ 35,721	$ 30,541	$ 36,641
Restricted cash	30,739	35,356	$ 33,202
Trading assets at fair value	277,423	266,299
Customer and other receivables	59,514	53,298
Goodwill	7,139	6,688
Intangible assets	2,211	2,163
Other assets	19,581	15,641
Total assets	902,604	853,531
Liabilities
Other secured financings	6,352	5,245
Other liabilities and accrued expenses	19,348	17,204
Total liabilities	819,054	772,125
Noncontrolling interests	1,168	1,160
Consolidated VIEs
Assets
Cash and due from banks	104	77
Restricted cash	173	171
Trading assets at fair value	374	314
Customer and other receivables	10	25
Goodwill	0	18
Intangible assets	114	128
Other assets	398	402
Total assets	1,173	1,135
Liabilities
Other secured financings	32	64
Other liabilities and accrued expenses	41	22
Total liabilities	73	86
Noncontrolling interests	$ 160	$ 106

Variable Interest Entities an_5

Variable Interest Entities and Securitization Activities - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity
Additional VIE assets owned	$ 11,192	$ 12,059
Maximum exposure to loss previously excluded		11,000
Carrying value of variable interest previously excluded		11,000
Revision to VIE Asset (UPB), amount previously excluded		54,000
MABS
Variable Interest Entity
VIE assets (UPB)	115,498	106,197
Maximum exposure to loss	16,198	16,744
CDO
Variable Interest Entity
VIE assets (UPB)	1,475	10,848
Maximum exposure to loss	157	1,172
MTOB
Variable Interest Entity
VIE assets (UPB)	7,011	7,014
Maximum exposure to loss	4,607	4,449
OSF
Variable Interest Entity
VIE assets (UPB)	2,298	3,314
Maximum exposure to loss	965	1,857
Other
Variable Interest Entity
VIE assets (UPB)	42,383	38,603
Maximum exposure to loss	14,155	10,244
Assets | MABS
Variable Interest Entity
Carrying value of variable interests—Assets	15,538	15,671
Assets | CDO
Variable Interest Entity
Carrying value of variable interests—Assets	157	1,169
Assets | MTOB
Variable Interest Entity
Carrying value of variable interests—Assets	68	6
Assets | OSF
Variable Interest Entity
Carrying value of variable interests—Assets	964	1,205
Assets | Other
Variable Interest Entity
Carrying value of variable interests—Assets	10,601	8,054
Debt and equity interests | MABS
Variable Interest Entity
Maximum exposure to loss	15,538	15,671
Carrying value of variable interests—Assets	15,538	15,671
Debt and equity interests | CDO
Variable Interest Entity
Maximum exposure to loss	157	1,169
Carrying value of variable interests—Assets	157	1,169
Debt and equity interests | MTOB
Variable Interest Entity
Maximum exposure to loss	62	0
Carrying value of variable interests—Assets	62	0
Debt and equity interests | OSF
Variable Interest Entity
Maximum exposure to loss	965	1,622
Carrying value of variable interests—Assets	964	1,205
Debt and equity interests | Other
Variable Interest Entity
Maximum exposure to loss	10,393	7,967
Carrying value of variable interests—Assets	10,393	7,967
Derivative and other contracts | MABS
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of variable interests—Assets	0	0
Derivative and other contracts | CDO
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of variable interests—Assets	0	0
Derivative and other contracts | MTOB
Variable Interest Entity
Maximum exposure to loss	4,545	4,449
Carrying value of variable interests—Assets	6	6
Derivative and other contracts | OSF
Variable Interest Entity
Maximum exposure to loss	0	0
Carrying value of variable interests—Assets	0	0
Derivative and other contracts | Other
Variable Interest Entity
Maximum exposure to loss	2,979	1,768
Carrying value of variable interests—Assets	208	87
Commitments, guarantees and other | MABS
Variable Interest Entity
Maximum exposure to loss	660	1,073
Commitments, guarantees and other | CDO
Variable Interest Entity
Maximum exposure to loss	0	3
Commitments, guarantees and other | MTOB
Variable Interest Entity
Maximum exposure to loss	0	0
Commitments, guarantees and other | OSF
Variable Interest Entity
Maximum exposure to loss	0	235
Commitments, guarantees and other | Other
Variable Interest Entity
Maximum exposure to loss	783	509
Derivative and other contracts | MABS
Variable Interest Entity
Carrying value of variable interests—Liabilities	0	0
Derivative and other contracts | CDO
Variable Interest Entity
Carrying value of variable interests—Liabilities	0	0
Derivative and other contracts | MTOB
Variable Interest Entity
Carrying value of variable interests—Liabilities	0	0
Derivative and other contracts | OSF
Variable Interest Entity
Carrying value of variable interests—Liabilities	0	0
Derivative and other contracts | Other
Variable Interest Entity
Carrying value of variable interests—Liabilities	$ 211	$ 185

Variable Interest Entities an_6

Variable Interest Entities and Securitization Activities - Mortgage and Asset Backed Securitization Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Residential mortgages
Variable Interest Entity
UPB	$ 28,005	$ 27,594
Commercial mortgages
Variable Interest Entity
UPB	49,354	55,501
U.S. agency collateralized mortgage obligations
Variable Interest Entity
UPB	31,997	14,969
Other consumer or commercial loans
Variable Interest Entity
UPB	6,142	8,133
MABS
Variable Interest Entity
UPB	115,498	106,197
Debt and equity interests
Variable Interest Entity
Debt and Equity Interests	15,538	15,671
Debt and equity interests | Residential mortgages
Variable Interest Entity
Debt and Equity Interests	4,144	4,581
Debt and equity interests | Commercial mortgages
Variable Interest Entity
Debt and Equity Interests	3,969	4,327
Debt and equity interests | U.S. agency collateralized mortgage obligations
Variable Interest Entity
Debt and Equity Interests	5,341	3,443
Debt and equity interests | Other consumer or commercial loans
Variable Interest Entity
Debt and Equity Interests	$ 2,084	$ 3,320

Variable Interest Entities an_7

Variable Interest Entities and Securitization Activities - Transfers of Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity
Derivative assets	$ 32,624	$ 29,173
Derivative liabilities	35,402	27,258
SPE
Variable Interest Entity
Interests purchased in the secondary market	328	299
Derivative assets	201	216
Derivative liabilities	69	178
SPE | Investment grade
Variable Interest Entity
Interests purchased in the secondary market	271	200
SPE | Non-investment grade
Variable Interest Entity
Interests purchased in the secondary market	57	99
SPE | RML
Variable Interest Entity
SPE assets (UPB)	12,726	14,376
Retained interest	45	21
Interests purchased in the secondary market	42	35
Derivative assets	0	0
Derivative liabilities	0	0
SPE | RML | Investment grade
Variable Interest Entity
Retained interest	27	17
Interests purchased in the secondary market	7	7
SPE | RML | Non-investment grade
Variable Interest Entity
Retained interest	18	4
Interests purchased in the secondary market	35	28
SPE | CML
Variable Interest Entity
SPE assets (UPB)	77,431	68,593
Retained interest	819	695
Interests purchased in the secondary market	266	162
Derivative assets	0	0
Derivative liabilities	0	0
SPE | CML | Investment grade
Variable Interest Entity
Retained interest	620	483
Interests purchased in the secondary market	244	91
SPE | CML | Non-investment grade
Variable Interest Entity
Retained interest	199	212
Interests purchased in the secondary market	22	71
SPE | U.S. Agency CMO
Variable Interest Entity
SPE assets (UPB)	14,841	16,594
Retained interest	1,463	1,573
Interests purchased in the secondary market	15	102
Derivative assets	0	0
Derivative liabilities	0	0
SPE | U.S. Agency CMO | Investment grade
Variable Interest Entity
Retained interest	1,463	1,573
Interests purchased in the secondary market	15	102
SPE | U.S. Agency CMO | Non-investment grade
Variable Interest Entity
Retained interest	0	0
Interests purchased in the secondary market	0	0
SPE | CLN and Other
Variable Interest Entity
SPE assets (UPB)	6,637	14,608
Retained interest	90	213
Interests purchased in the secondary market	5	0
Derivative assets	201	216
Derivative liabilities	69	178
SPE | CLN and Other | Investment grade
Variable Interest Entity
Retained interest	1	3
Interests purchased in the secondary market	5	0
SPE | CLN and Other | Non-investment grade
Variable Interest Entity
Retained interest	89	210
Interests purchased in the secondary market	$ 0	$ 0

Variable Interest Entities an_8

Variable Interest Entities and Securitization Activities - Fair Value of Transfers of Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity
Derivative assets	$ 32,624	$ 29,173
Derivative liabilities	35,402	27,258
Derivative Liabilities
Variable Interest Entity
Derivative liability, balance only reported in assets sold with retained exposure table		119
UPB
Variable Interest Entity
Continuing involvement with transferred financial assets, principal amount outstanding, balance only reported in assets sold with retained exposure table		8,000
Derivative Assets
Variable Interest Entity
Derivative asset, balance only reported in assets sold with retained exposure table		20
SPE
Variable Interest Entity
Retained interests	1,610	2,019
Interests purchased in the secondary market	328	299
Derivative assets	201	216
Derivative liabilities	69	178
SPE | Investment grade
Variable Interest Entity
Retained interests	1,492	1,593
Interests purchased in the secondary market	271	200
SPE | Non-investment grade
Variable Interest Entity
Retained interests	118	426
Interests purchased in the secondary market	57	99
SPE | Level 2
Variable Interest Entity
Retained interests	1,486	1,754
Interests purchased in the secondary market	305	276
Derivative assets	163	121
Derivative liabilities	65	175
SPE | Level 2 | Investment grade
Variable Interest Entity
Retained interests	1,475	1,580
Interests purchased in the secondary market	268	193
SPE | Level 2 | Non-investment grade
Variable Interest Entity
Retained interests	11	174
Interests purchased in the secondary market	37	83
SPE | Level 3
Variable Interest Entity
Retained interests	124	265
Interests purchased in the secondary market	23	23
Derivative assets	38	95
Derivative liabilities	4	3
SPE | Level 3 | Investment grade
Variable Interest Entity
Retained interests	17	13
Interests purchased in the secondary market	3	7
SPE | Level 3 | Non-investment grade
Variable Interest Entity
Retained interests	107	252
Interests purchased in the secondary market	$ 20	$ 16

Variable Interest Entities an_9

Variable Interest Entities and Securitization Activities - Proceeds from New Securitization Transactions and Sales of Loans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Transfer of Financial Assets Accounted for as Sales
New transactions	$ 8,651	$ 7,299	$ 20,897	$ 19,056
Retained interests	902	584	4,424	2,222
CLO SPEs | Corporate Loans
Transfer of Financial Assets Accounted for as Sales
Sales of corporate loans to CLO SPEs	$ 0	$ 17	$ 0	$ 253

Variable Interest Entities a_10

Variable Interest Entities and Securitization Activities - Assets Sold with Retained Exposure (Details) - Bilateral OTC - Equity Derivatives - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Transfer of Financial Assets Accounted for as Sales
Gross cash proceeds from sale of assets	$ 35,328	$ 27,121
Fair value
Assets sold	35,600	26,524
Derivative assets recognized in the balance sheets	534	164
Derivative liabilities recognized in the balance sheets	$ 250	$ 763

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details)	9 Months Ended
	Sep. 30, 2019
Brokers and Dealers [Abstract]
Common Equity Tier 1 capital conservation buffer requirement (as a percent)	2.50%
Common Equity Tier 1 G-SIB capital surcharge requirement (as a percent)	3.00%
Common Equity Tier 1 CCyB requirement (as a percent)	2.50%
Proportion of phased-in Common Equity Tier 1 capital requirements (as a percent)	75.00%

Regulatory Requirements - The F

Regulatory Requirements - The Firm's Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Required Ratio
Common Equity Tier 1 capital (as a percent)	10.00%	8.60%
Tier 1 capital (as a percent)	11.50%	10.10%
Total capital (as a percent)	13.50%	12.10%
Tier 1 leverage (as a percent)	4.00%	4.00%
SLR (as a percent)	5.00%	5.00%
Amount
Common Equity Tier 1 capital	$ 64,348	$ 62,086
Tier 1 capital	72,937	70,619
Total capital	82,661	80,052
Total RWA	394,875	367,309
Tier 1 leverage	72,937	70,619
Adjusted average assets	892,912	843,074
SLR	72,937	70,619
Supplementary leverage exposure	$ 1,155,497	$ 1,092,672
Ratio
Common Equity Tier 1 capital (as a percent)	16.30%	16.90%
Tier 1 capital (as a percent)	18.50%	19.20%
Total capital (as a percent)	20.90%	21.80%
Tier 1 leverage (as a percent)	8.20%	8.40%
SLR (as a percent)	6.30%	6.50%

Regulatory Requirements - U.S.

Regulatory Requirements - U.S. Bank Subsidiaries' Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Required Ratio
Common Equity Tier 1 capital (as a percent)	10.00%	8.60%
Tier 1 capital (as a percent)	11.50%	10.10%
Total capital (as a percent)	13.50%	12.10%
Tier 1 leverage (as a percent)	4.00%	4.00%
SLR (as a percent)	5.00%	5.00%
Amount
Common Equity Tier 1 capital	$ 64,348	$ 62,086
Tier 1 capital	72,937	70,619
Total capital	82,661	80,052
Tier 1 leverage	72,937	70,619
SLR	$ 72,937	$ 70,619
Ratio
Common Equity Tier 1 capital (as a percent)	16.30%	16.90%
Tier 1 capital (as a percent)	18.50%	19.20%
Total capital (as a percent)	20.90%	21.80%
Tier 1 leverage (as a percent)	8.20%	8.40%
SLR (as a percent)	6.30%	6.50%
MSBNA
Required Ratio
Common Equity Tier 1 capital (as a percent)	6.50%	6.50%
Tier 1 capital (as a percent)	8.00%	8.00%
Total capital (as a percent)	10.00%	10.00%
Tier 1 leverage (as a percent)	5.00%	5.00%
SLR (as a percent)	6.00%	6.00%
Amount
Common Equity Tier 1 capital	$ 16,641	$ 15,221
Tier 1 capital	16,641	15,221
Total capital	16,953	15,484
Tier 1 leverage	16,641	15,221
SLR	$ 16,641	$ 15,221
Ratio
Common Equity Tier 1 capital (as a percent)	19.90%	19.50%
Tier 1 capital (as a percent)	19.90%	19.50%
Total capital (as a percent)	20.30%	19.80%
Tier 1 leverage (as a percent)	11.90%	10.50%
SLR (as a percent)	9.20%	8.20%
MSPBNA
Required Ratio
Common Equity Tier 1 capital (as a percent)	6.50%	6.50%
Tier 1 capital (as a percent)	8.00%	8.00%
Total capital (as a percent)	10.00%	10.00%
Tier 1 leverage (as a percent)	5.00%	5.00%
SLR (as a percent)	6.00%	6.00%
Amount
Common Equity Tier 1 capital	$ 8,281	$ 7,183
Tier 1 capital	8,281	7,183
Total capital	8,331	7,229
Tier 1 leverage	8,281	7,183
SLR	$ 8,281	$ 7,183
Ratio
Common Equity Tier 1 capital (as a percent)	27.30%	25.20%
Tier 1 capital (as a percent)	27.30%	25.20%
Total capital (as a percent)	27.50%	25.40%
Tier 1 leverage (as a percent)	10.80%	10.00%
SLR (as a percent)	10.30%	9.60%

Regulatory Requirements - U.S_2

Regulatory Requirements - U.S. Broker-Dealer Regulatory Capital Requirements (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
MS&Co.
Regulatory Requirements
Net capital	$ 13,358	$ 13,797
Excess net capital	10,453	11,333
MSSB LLC
Regulatory Requirements
Net capital	3,772	3,455
Excess net capital	$ 3,634	$ 3,313

Total Equity - Common Stock Rep

Total Equity - Common Stock Repurchases (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Capital Plans
Repurchases of common stock under our Share Repurchase Program	$ 1,500,000,000	$ 1,180,000,000	$ 3,860,000,000	$ 3,680,000,000
2019 Capital Plan
Capital Plans
Authorized repurchase amount of outstanding common stock	$ 6,000,000,000		$ 6,000,000,000
Stock repurchase program start date			Jul. 1, 2019
Stock repurchase program expiration date			Jun. 30, 2020
Maximum quarterly common stock dividends per share (USD per share)			$ 0.35
MUFG
Capital Plans
Share Repurchase Program, Ownership Proportion Maximum, Percent			24.90%

Total Equity - Common Stock Div

Total Equity - Common Stock Dividends Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Equity [Abstract]
Dividends declared per common share (USD per share)	$ 0.35	$ 0.30	$ 0.95	$ 0.80

Total Equity - Preferred Stock

Total Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Class of Stock
Preferred stock carrying value	$ 8,520	$ 8,520
Preferred stock shares authorized (shares)	30,000,000
Series A
Class of Stock
Preferred stock shares outstanding (shares)	44,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,100	1,100
Series C
Class of Stock
Preferred stock shares outstanding (shares)	519,882
Liquidation preference per share (USD per share)	$ 1,000
Preferred stock carrying value	$ 408	408
Series C | MUFG
Class of Stock
Preferred stock shares issued (shares)	1,160,791
Preferred stock aggregate purchase price	$ 911
Preferred stock redemption (shares)	640,909
Preferred stock redemption amount	$ 503
Preferred stock converted to common shares	$ 705
Series E
Class of Stock
Preferred stock shares outstanding (shares)	34,500
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 862	862
Series F
Class of Stock
Preferred stock shares outstanding (shares)	34,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 850	850
Series G
Class of Stock
Preferred stock shares outstanding (shares)	20,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 500	500
Series H
Class of Stock
Preferred stock shares outstanding (shares)	52,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,300	1,300
Series I
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series J
Class of Stock
Preferred stock shares outstanding (shares)	60,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,500	1,500
Series K
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	$ 1,000

Total Equity - Preferred Stoc_2

Total Equity - Preferred Stock Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Preferred Stock Dividends
Preferred stock dividends declared	$ 113	$ 93	$ 376	$ 356
Series A
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 256	$ 256	$ 758	$ 758
Preferred stock dividends declared	$ 11	$ 11	$ 33	$ 33
Series C
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 25	$ 25	$ 75	$ 75
Preferred stock dividends declared	$ 13	$ 13	$ 39	$ 39
Series E
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 445	$ 445	$ 1,336	$ 1,336
Preferred stock dividends declared	$ 15	$ 15	$ 45	$ 45
Series F
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 430	$ 430	$ 1,289	$ 1,289
Preferred stock dividends declared	$ 15	$ 15	$ 45	$ 45
Series G
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 414	$ 414	$ 1,242	$ 1,242
Preferred stock dividends declared	$ 8	$ 8	$ 24	$ 24
Series H
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 378	$ 0	$ 1,059	$ 681
Preferred stock dividends declared	$ 20	$ 0	$ 55	$ 35
Series I
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 398	$ 398	$ 1,195	$ 1,195
Preferred stock dividends declared	$ 16	$ 16	$ 48	$ 48
Series J
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 0	$ 0	$ 694	$ 694
Preferred stock dividends declared	$ 0	$ 0	$ 42	$ 42
Series K
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 366	$ 366	$ 1,097	$ 1,097
Preferred stock dividends declared	$ 15	$ 15	$ 45	$ 45

Total Equity - Accumulated Othe

Total Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jul. 01, 2019	Jan. 01, 2019	Jul. 01, 2018	Jan. 01, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period				$ 81,406
Balance at end of period		$ 83,550	$ 80,074	83,550	$ 80,074
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(865)	(864)	(889)	(767)
Cumulative adjustments for accounting changes									$ (8)
OCI during the period		(96)	(54)	(72)	(143)
Balance at end of period		(961)	(918)	(961)	(918)
AFS Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		108	(1,194)	(930)	(547)
Cumulative adjustments for accounting changes									(111)
OCI during the period		214	(171)	1,252	(707)
Balance at end of period		322	(1,365)	322	(1,365)
Pension, Postretirement and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(574)	(704)	(578)	(591)
Cumulative adjustments for accounting changes									(124)
OCI during the period		3	5	7	16
Balance at end of period		(571)	(699)	(571)	(699)
DVA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(720)	(308)	105	(1,155)
Cumulative adjustments for accounting changes									(194)
OCI during the period		332	(709)	(493)	332
Balance at end of period		(388)	(1,017)	(388)	(1,017)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(2,051)	(3,070)	(2,292)	(3,060)
Cumulative adjustments for accounting changes	[1]					$ 0	$ 0	$ 0	$ (437)
OCI during the period		453	(929)	694	(502)
Balance at end of period		$ (1,598)	$ (3,999)	$ (1,598)	$ (3,999)
[1]	Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates during the current and prior year periods. See Notes 2 and 14 for further information.

Total Equity - Components of Pe

Total Equity - Components of Period Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
After-tax Gain (Loss)
Net OCI	$ 455	$ (988)	$ 674	$ (498)
Foreign Currency Translation Adjustment Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(26)	(44)	2	(52)
Reclassified to earnings	0	0	0	0
Net OCI	(26)	(44)	2	(52)
Income Tax Benefit (Provision)
OCI activity	(73)	(35)	(58)	(102)
Reclassified to earnings	0	0	0	0
Net OCI	(73)	(35)	(58)	(102)
After-tax Gain (Loss)
OCI activity	(99)	(79)	(56)	(154)
Reclassified to earnings	0	0	0	0
Net OCI	(99)	(79)	(56)	(154)
Foreign Currency Translation Adjustment Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(3)	(25)	16	(11)
Reclassified to earnings	0	0	0	0
Net OCI	(3)	(25)	16	(11)
Foreign Currency Translation Adjustment Attributable to Parent
After-tax Gain (Loss)
OCI activity	(96)	(54)	(72)	(143)
Reclassified to earnings	0	0	0	0
Net OCI	(96)	(54)	(72)	(143)
Change in Net Unrealized Gains (Losses) on AFS Securities Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	307	(219)	1,726	(916)
Reclassified to earnings	(26)	(5)	(89)	(8)
Net OCI	281	(224)	1,637	(924)
Income Tax Benefit (Provision)
OCI activity	(73)	51	(406)	215
Reclassified to earnings	6	2	21	2
Net OCI	(67)	53	(385)	217
After-tax Gain (Loss)
OCI activity	234	(168)	1,320	(701)
Reclassified to earnings	(20)	(3)	(68)	(6)
Net OCI	214	(171)	1,252	(707)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Parent
After-tax Gain (Loss)
OCI activity	234	(168)	1,320	(701)
Reclassified to earnings	(20)	(3)	(68)	(6)
Net OCI	214	(171)	1,252	(707)
Pension, Postretirement and Other Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	0	0	0	2
Reclassified to earnings	4	7	10	19
Net OCI	4	7	10	21
Income Tax Benefit (Provision)
OCI activity	0	0	(1)	0
Reclassified to earnings	(1)	(2)	(2)	(5)
Net OCI	(1)	(2)	(3)	(5)
After-tax Gain (Loss)
OCI activity	0	0	(1)	2
Reclassified to earnings	3	5	8	14
Net OCI	3	5	7	16
Pension, Postretirement and Other Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Pension, Postretirement and Other Attributable to Parent
After-tax Gain (Loss)
OCI activity	0	0	(1)	2
Reclassified to earnings	3	5	8	14
Net OCI	3	5	7	16
Change in Net DVA Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	441	(1,018)	(713)	403
Reclassified to earnings	2	36	9	54
Net OCI	443	(982)	(704)	457
Income Tax Benefit (Provision)
OCI activity	(106)	248	177	(97)
Reclassified to earnings	0	(9)	(2)	(13)
Net OCI	(106)	239	175	(110)
After-tax Gain (Loss)
OCI activity	335	(770)	(536)	306
Reclassified to earnings	2	27	7	41
Net OCI	337	(743)	(529)	347
Change in Net DVA Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	5	(34)	(36)	15
Reclassified to earnings	0	0	0	0
Net OCI	5	(34)	(36)	15
Change in Net DVA Attributable to Parent
After-tax Gain (Loss)
OCI activity	330	(736)	(500)	291
Reclassified to earnings	2	27	7	41
Net OCI	$ 332	$ (709)	$ (493)	$ 332

Total Equity - Cumulative Adjus

Total Equity - Cumulative Adjustments to Retained Earnings Related to the Adoption of Accounting Updates (Details) - Retained Earnings - USD ($) $ in Millions		Jul. 01, 2019	Jan. 01, 2019	Jul. 01, 2018	Jan. 01, 2018
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes	[1]	$ 0	$ 63	$ 0	$ 306
Accounting Standards Update 2018-11
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes			$ 63
Accounting Standards Update 2014-09
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes					(32)
Accounting Standards Update 2017-12
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes					(99)
Accounting Standards Update 2018-02
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes					443
Accounting Standards Update, Others
Retained Earnings Adjustments [Line Items]
Cumulative adjustments for accounting changes					$ (6)
[1]	Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates during the current and prior year periods. See Notes 2 and 14 for further information.

Earnings per Common Share - Sum

Earnings per Common Share - Summary (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings applicable to Morgan Stanley common shareholders	$ 2,060	$ 2,019	$ 6,427	$ 6,861
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Weighted average common shares outstanding (shares)	1,604	1,697	1,632	1,719
Earnings per basic common share (USD per share)	$ 1.28	$ 1.19	$ 3.94	$ 3.99
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Weighted average common shares outstanding (shares)	1,604	1,697	1,632	1,719
Effect of dilutive RSUs and PSUs (shares)	23	30	21	30
Weighted average common shares outstanding and common stock equivalents (shares)	1,627	1,727	1,653	1,749
Earnings per diluted common share (USD per share)	$ 1.27	$ 1.17	$ 3.89	$ 3.92
Weighted average antidilutive RSUs (excluded from the computation of diluted EPS) (shares)	0	1	2	1

Interest Income and Interest _3

Interest Income and Interest Expense - Summary (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income
Investment securities	$ 579	$ 440	$ 1,563	$ 1,281
Loans	1,208	1,085	3,599	3,097
Securities purchased under agreements to resell and Securities borrowed	871	575	2,865	1,156
Trading assets, net of Trading liabilities	728	571	2,188	1,687
Customer receivables and Other	964	956	2,931	2,560
Total interest income	4,350	3,627	13,146	9,781
Interest expense
Deposits	505	377	1,460	809
Borrowings	1,219	1,287	3,941	3,683
Securities sold under agreements to repurchase and Securities loaned	681	478	2,016	1,326
Customer payables and Other	727	549	2,468	1,146
Total interest expense	3,132	2,691	9,885	6,964
Net interest	$ 1,218	$ 936	$ 3,261	$ 2,817

Income Taxes - Summary (Details

Income Taxes - Summary (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Recurring	$ 0	$ 0	$ (127)	$ (164)
Intermittent	$ (89)	$ (4)	$ (190)	$ (92)

Segment, Geographic and Reven_3

Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information
Investment banking	$ 1,635	$ 1,567	$ 4,467	$ 4,994
Trading	2,608	2,752	8,781	9,815
Investments	87	136	801	409
Commissions and fees	990	932	2,935	3,144
Asset management	3,363	3,251	9,632	9,632
Other	131	298	685	748
Total non-interest revenues	8,814	8,936	27,301	28,742
Interest income	4,350	3,627	13,146	9,781
Interest expense	3,132	2,691	9,885	6,964
Net interest	1,218	936	3,261	2,817
Net revenues	10,032	9,872	30,562	31,559
Income from continuing operations before income taxes	2,710	2,851	8,568	9,380
Provision for income taxes	492	696	1,636	2,050
Income from continuing operations	2,218	2,155	6,932	7,330
Income (loss) from discontinued operations, net of income taxes	0	(1)	0	(5)
Net income	2,218	2,154	6,932	7,325
Net income (loss) applicable to noncontrolling interests	45	42	129	108
Net income applicable to Morgan Stanley	2,173	2,112	6,803	7,217
Segment Reporting Information, Additional Information [Abstract]
Revenues to be recorded in the remainder of 2019	57		57
Revenues to be recorded in 2020	132		132
Revenues to be recorded thereafter	239		239
Revenue recognized in the current period, where some or all services were performed in prior periods	841	$ 804	1,995	$ 2,192
Minimum
Segment Reporting Information, Additional Information [Abstract]
Revenues to be recorded in 2021 through 2025	63		63
Maximum
Segment Reporting Information, Additional Information [Abstract]
Revenues to be recorded in 2021 through 2025	$ 89		$ 89
Accounting Standards Update 2014-09
Segment Reporting Information, Additional Information [Abstract]
Proportion of Investment banking revenue determined under the Revenue from Contracts with Customers accounting update	85.00%	85.00%	90.00%	85.00%
I/E
Segment Reporting Information
Investment banking	$ (18)	$ (21)	$ (55)	$ (60)
Trading	12	17	37	44
Investments	0	0	0	0
Commissions and fees	(70)	(66)	(205)	(212)
Asset management	(40)	(38)	(115)	(114)
Other	(1)	(1)	(6)	(5)
Total non-interest revenues	(117)	(109)	(344)	(347)
Interest income	(144)	(229)	(464)	(692)
Interest expense	(148)	(229)	(476)	(695)
Net interest	4	0	12	3
Net revenues	(113)	(109)	(332)	(344)
Income from continuing operations before income taxes	0	(1)	(4)	(1)
Provision for income taxes	0	0	(1)	0
Income from continuing operations	0	(1)	(3)	(1)
Income (loss) from discontinued operations, net of income taxes		0		0
Net income	0	(1)	(3)	(1)
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	0	(1)	(3)	(1)
IS | Operating Segments
Segment Reporting Information
Investment banking	1,535	1,459	4,158	4,671
Trading	2,533	2,573	8,221	9,344
Investments	(18)	96	257	234
Commissions and fees	643	589	1,889	2,007
Asset management	100	112	310	324
Other	51	244	416	548
Total non-interest revenues	4,844	5,073	15,251	17,128
Interest income	3,112	2,425	9,457	6,424
Interest expense	2,933	2,569	9,376	6,809
Net interest	179	(144)	81	(385)
Net revenues	5,023	4,929	15,332	16,743
Income from continuing operations before income taxes	1,307	1,556	4,365	5,480
Provision for income taxes	189	397	703	1,169
Income from continuing operations	1,118	1,159	3,662	4,311
Income (loss) from discontinued operations, net of income taxes		(3)		(7)
Net income	1,118	1,156	3,662	4,304
Net income (loss) applicable to noncontrolling interests	45	36	97	100
Net income applicable to Morgan Stanley	1,073	1,120	3,565	4,204
IS | Operating Segments | Advisory
Segment Reporting Information
Investment banking	550	510	1,462	1,702
IS | Operating Segments | Underwriting
Segment Reporting Information
Investment banking	985	949	2,696	2,969
WM | Operating Segments
Segment Reporting Information
Investment banking	118	129	365	383
Trading	61	160	525	404
Investments	0	0	1	3
Commissions and fees	416	409	1,250	1,349
Asset management	2,639	2,573	7,544	7,582
Other	81	58	281	195
Total non-interest revenues	3,315	3,329	9,966	9,916
Interest income	1,378	1,412	4,139	4,012
Interest expense	335	342	950	830
Net interest	1,043	1,070	3,189	3,182
Net revenues	4,358	4,399	13,155	13,098
Income from continuing operations before income taxes	1,238	1,194	3,669	3,511
Provision for income taxes	276	281	830	808
Income from continuing operations	962	913	2,839	2,703
Income (loss) from discontinued operations, net of income taxes		0		0
Net income	962	913	2,839	2,703
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	962	913	2,839	2,703
IM | Operating Segments
Segment Reporting Information
Investment banking	0	0	(1)	0
Trading	2	2	(2)	23
Investments	105	40	543	172
Commissions and fees	1	0	1	0
Asset management	664	604	1,893	1,840
Other	0	(3)	(6)	10
Total non-interest revenues	772	643	2,428	2,045
Interest income	4	19	14	37
Interest expense	12	9	35	20
Net interest	(8)	10	(21)	17
Net revenues	764	653	2,407	2,062
Income from continuing operations before income taxes	165	102	538	390
Provision for income taxes	27	18	104	73
Income from continuing operations	138	84	434	317
Income (loss) from discontinued operations, net of income taxes		2		2
Net income	138	86	434	319
Net income (loss) applicable to noncontrolling interests	0	6	32	8
Net income applicable to Morgan Stanley	$ 138	$ 80	$ 402	$ 311

Segment, Geographic and Reven_4

Segment, Geographic and Revenue Information - Institutional Securities - Investment Banking Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue from External Customer [Line Items]
Investment banking	$ 1,635	$ 1,567	$ 4,467	$ 4,994
Institutional Securities | Operating Segments
Revenue from External Customer [Line Items]
Investment banking	1,535	1,459	4,158	4,671
Institutional Securities | Operating Segments | Advisory
Revenue from External Customer [Line Items]
Investment banking	550	510	1,462	1,702
Institutional Securities | Operating Segments | Underwriting
Revenue from External Customer [Line Items]
Investment banking	$ 985	$ 949	$ 2,696	$ 2,969

Segment, Geographic and Reven_5

Segment, Geographic and Revenue Information - Trading Revenues by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue
Trading revenues	$ 2,608	$ 2,752	$ 8,781	$ 9,815
Interest rate
Disaggregation of Revenue
Trading revenues	894	744	2,283	2,396
Foreign exchange
Disaggregation of Revenue
Trading revenues	69	223	383	622
Equity security and index
Disaggregation of Revenue
Trading revenues	1,076	1,432	4,005	5,094
Commodity and other
Disaggregation of Revenue
Trading revenues	300	254	986	1,047
Credit
Disaggregation of Revenue
Trading revenues	$ 269	$ 99	$ 1,124	$ 656

Segment, Geographic and Reven_6

Segment, Geographic and Revenue Information - Investment Management Investments Revenues - Net Unrealized Carried Interest (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting [Abstract]
Net cumulative unrealized carried interest at risk of reversing	$ 553	$ 434

Segment, Geographic and Reven_7

Segment, Geographic and Revenue Information - Investment Management Asset Management Revenues - Reduction of Fees due to Fee Waivers (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting [Abstract]
Fee waivers	$ 11	$ 11	$ 32	$ 45

Segment, Geographic and Reven_8

Segment, Geographic and Revenue Information - Net Revenues by Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information
Net revenues	$ 10,032	$ 9,872	$ 30,562	$ 31,559
Americas
Segment Reporting Information
Net revenues	7,489	7,357	22,336	22,989
EMEA
Segment Reporting Information
Net revenues	1,409	1,355	4,687	4,892
Asia
Segment Reporting Information
Net revenues	$ 1,134	$ 1,160	$ 3,539	$ 3,678

Segment, Geographic and Reven_9

Segment, Geographic and Revenue Information - Revenue Recognized from Prior Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting [Abstract]
Non-interest revenues	$ 841	$ 804	$ 1,995	$ 2,192

Segment, Geographic and Reve_10

Segment, Geographic and Revenue Information - Certain Future Expected Revenues (Details) $ in Millions	Sep. 30, 2019USD ($)
Segment Reporting Information
Revenues to be recorded in the remainder of 2019	$ 57
Revenues to be recorded in 2020	132
Revenues to be recorded thereafter	239
Minimum
Segment Reporting Information
Revenues to be recorded in 2021 through 2025	63
Maximum
Segment Reporting Information
Revenues to be recorded in 2021 through 2025	$ 89

Segment, Geographic and Reve_11

Segment, Geographic and Revenue Information - Receivables from Contracts with Customers (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting [Abstract]
Customer and other receivables	$ 2,114	$ 2,308

Segment, Geographic and Reve_12

Segment, Geographic and Revenue Information - Assets by Business Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information
Assets		$ 902,604	$ 853,531
Solium Capital, Inc.
Segment Reporting Information
Goodwill acquired during period	$ 469
Intangible assets acquired during period	$ 268
Institutional Securities
Segment Reporting Information
Assets		703,868	646,427
Wealth Management
Segment Reporting Information
Assets		193,213	202,392
Investment Management
Segment Reporting Information
Assets		$ 5,523	$ 4,712