Trading Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Trading Assets And Liabilities [Abstract]

Trading Assets and Liabilities

Trading assets and liabilities consisted of the following:

	September 30, 2020		December 31, 2019
	(in millions)
Trading assets:
U.S. Treasury	$	5,603	$	6,763
U.S. Government agency issued or guaranteed	16		18
U.S. Government sponsored enterprises	177		20
Asset-backed securities	147		168
Corporate and foreign bonds	9,190		10,826
Equity securities	6,169		5,693
Precious metals	9,536		1,909
Derivatives, net	2,916		3,055
Total trading assets	$	33,754	$	28,452
Trading liabilities:
Securities sold, not yet purchased	$	695	$	1,182
Payables for precious metals	—		124
Derivatives, net	2,822		1,929
Total trading liabilities	$	3,517	$	3,235