Trading Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Trading Assets And Liabilities [Abstract]

Trading Assets and Liabilities

Trading assets and liabilities consisted of the following:

	March 31, 2021		December 31, 2020
	(in millions)
Trading assets:
U.S. Treasury	$	2,616	$	5,145
U.S. Government agency issued or guaranteed	18		—
U.S. Government sponsored enterprises	61		192
Asset-backed securities	153		143
Foreign bonds	8,167		7,971
Equity securities	7,750		6,043
Precious metals	4,497		4,989
Derivatives, net	2,560		2,801
Total trading assets	$	25,822	$	27,284
Trading liabilities:
Securities sold, not yet purchased	$	655	$	727
Payables for precious metals	—		2,312
Derivatives, net	1,664		2,358
Total trading liabilities	$	2,319	$	5,397