Trading Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Trading Assets And Liabilities [Abstract]

Trading Assets and Liabilities

Trading assets and liabilities consisted of the following:

	March 31, 2020		December 31, 2019
	(in millions)
Trading assets:
U.S. Treasury	$	8,207	$	6,763
U.S. Government agency issued or guaranteed	39		18
U.S. Government sponsored enterprises	21		20
Asset-backed securities	156		168
Corporate and foreign bonds	9,365		10,826
Equity securities	1,432		5,693
Precious metals	4,604		1,909
Derivatives, net	5,393		3,055
Total trading assets	$	29,217	$	28,452
Trading liabilities:
Securities sold, not yet purchased	$	434	$	1,182
Payables for precious metals	—		124
Derivatives, net	3,489		1,929
Total trading liabilities	$	3,923	$	3,235