Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The following table presents information about our assets and liabilities measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Unless otherwise noted below, assets and liabilities in the following table are recorded at fair value through net income (loss).

	Fair Value Measurements on a Recurring Basis
March 31, 2021	Level 1		Level 2		Level 3		Gross Balance		Netting(6)		Net Balance
	(in millions)
Assets:
Trading assets, excluding derivatives:
U.S. Treasury, U.S. Government agencies and sponsored enterprises	$	2,616	$	79	$	—	$	2,695	$	—	$	2,695
Asset-backed securities:
Collateralized debt obligations	—		66		—		66		—		66
Residential mortgages	—		—		24		24		—		24
Student loans	—		63		—		63		—		63
Debt securities issued by foreign entities	8,155		12		—		8,167		—		8,167
Equity securities	7,750		—		—		7,750		—		7,750
Precious metals trading	—		4,497		—		4,497		—		4,497
Derivatives:(1)
Interest rate contracts	7		3,670		3		3,680		—		3,680
Foreign exchange contracts	—		15,752		15		15,767		—		15,767
Equity contracts	—		3,991		466		4,457		—		4,457
Precious metals contracts	14		1,363		—		1,377		—		1,377
Credit contracts	—		289		50		339		—		339
Other contracts(2)	—		—		7		7		—		7
Derivatives netting	—		—		—		—		(23,001)		(23,001)
Total derivatives	21		25,065		541		25,627		(23,001)		2,626
Securities available-for-sale:(3)
U.S. Treasury, U.S. Government agencies and sponsored enterprises	15,091		16,417		—		31,508		—		31,508
Asset-backed securities:
Home equity	—		—		25		25		—		25
Other	—		—		105		105		—		105
Debt securities issued by foreign entities	2,947		74		—		3,021		—		3,021
Loans(4)	—		30		—		30		—		30
Loans held for sale(4)	—		83		—		83		—		83
Other assets:
Mortgage servicing rights	—		—		11		11		—		11
Equity securities	—		145		—		145		—		145
Equity securities measured at net asset value(5)	—		—		—		137		—		137
Total assets	$	36,580	$	46,531	$	706	$	83,954	$	(23,001)	$	60,953
Liabilities:
Domestic deposits(4)	$	—	$	3,166	$	599	$	3,765	$	—	$	3,765
Trading liabilities, excluding derivatives	655		—		—		655		—		655
Derivatives:(1)
Interest rate contracts	5		3,303		1		3,309		—		3,309
Foreign exchange contracts	—		14,678		17		14,695		—		14,695
Equity contracts	—		2,470		424		2,894		—		2,894
Precious metals contracts	—		1,228		—		1,228		—		1,228
Credit contracts	—		222		5		227		—		227
Other contracts(2)	—		—		57		57		—		57
Derivatives netting	—		—		—		—		(20,594)		(20,594)
Total derivatives	5		21,901		504		22,410		(20,594)		1,816
Long-term debt(4)	—		9,384		486		9,870		—		9,870
Total liabilities	$	660	$	34,451	$	1,589	$	36,700	$	(20,594)	$	16,106

	Fair Value Measurements on a Recurring Basis
December 31, 2020	Level 1		Level 2		Level 3		Gross Balance		Netting(6)		Net Balance
	(in millions)
Assets:
Trading assets, excluding derivatives:
U.S. Treasury, U.S. Government agencies and sponsored enterprises	$	5,145	$	192	$	—	$	5,337	$	—	$	5,337
Asset-backed securities:
Collateralized debt obligations	—		63		—		63		—		63
Residential mortgages	—		—		15		15		—		15
Student loans	—		65		—		65		—		65
Debt securities issued by foreign entities	7,953		18		—		7,971		—		7,971
Equity securities	6,043		—		—		6,043		—		6,043
Precious metals trading	—		4,989		—		4,989		—		4,989
Derivatives:(1)
Interest rate contracts	15		6,637		35		6,687		—		6,687
Foreign exchange contracts	—		18,452		15		18,467		—		18,467
Equity contracts	—		5,051		565		5,616		—		5,616
Precious metals contracts	—		1,323		—		1,323		—		1,323
Credit contracts	—		298		69		367		—		367
Other contracts(2)	—		—		8		8		—		8
Derivatives netting	—		—		—		—		(29,616)		(29,616)
Total derivatives	15		31,761		692		32,468		(29,616)		2,852
Securities available-for-sale:(3)
U.S. Treasury, U.S. Government agencies and sponsored enterprises	22,880		12,528		—		35,408		—		35,408
Asset-backed securities:
Home equity	—		—		27		27		—		27
Other	—		—		104		104		—		104
Debt securities issued by foreign entities	1,942		3,191		—		5,133		—		5,133
Loans(4)	—		32		—		32		—		32
Loans held for sale(4)	—		36		—		36		—		36
Other assets:
Mortgage servicing rights	—		—		7		7		—		7
Equity securities	—		149		—		149		—		149
Equity securities measured at net asset value(5)	—		—		—		135		—		135
Total assets	$	43,978	$	53,024	$	845	$	97,982	$	(29,616)	$	68,366
Liabilities:
Domestic deposits(4)	$	—	$	3,509	$	646	$	4,155	$	—	$	4,155
Trading liabilities, excluding derivatives	727		2,312		—		3,039		—		3,039
Derivatives:(1)
Interest rate contracts	9		6,615		1		6,625		—		6,625
Foreign exchange contracts	—		18,597		6		18,603		—		18,603
Equity contracts	—		3,845		446		4,291		—		4,291
Precious metals contracts	28		1,550		—		1,578		—		1,578
Credit contracts	—		291		6		297		—		297
Other contracts(2)	—		—		67		67		—		67
Derivatives netting	—		—		—		—		(28,914)		(28,914)
Total derivatives	37		30,898		526		31,461		(28,914)		2,547
Long-term debt(4)	—		10,277		448		10,725		—		10,725
Total liabilities	$	764	$	46,996	$	1,620	$	49,380	$	(28,914)	$	20,466

(1)Includes trading derivative assets of $2,560 million and $2,801 million and trading derivative liabilities of $1,664 million and $2,358 million at March 31, 2021 and December 31, 2020, respectively, as well as derivatives held for hedging and commitments accounted for as derivatives. See Note 9, "Derivative Financial Instruments," for additional information. Excluding changes in fair value of a derivative instrument associated with a qualifying cash flow hedge, which are recognized initially in other comprehensive income, derivative assets and liabilities are recorded at fair value through net income (loss).

(2)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares.

(3)Securities available-for-sale are recorded at fair value through other comprehensive income. Changes in the allowance for credit losses on securities available-for-sale are recorded through net income (loss).

(4)See Note 10, "Fair Value Option," for additional information. Excluding the fair value movement on fair value option liabilities attributable to our own credit spread, which is recorded in other comprehensive income, fair value option assets and liabilities are recorded at fair value through net income (loss).

(5)Investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair value hierarchy.

(6)Represents counterparty and cash collateral netting which allow the offsetting of amounts relating to certain contracts if certain conditions are met.

Changes in Fair Value of Level 3 Assets and Liabilities

The following table summarizes additional information about changes in the fair value of Level 3 assets and liabilities during the three months ended March 31, 2021 and 2020. As a risk management practice, we may risk manage the Level 3 assets and liabilities, in whole or in part, using securities and derivative positions that are classified as Level 1 or Level 2 measurements within the fair value hierarchy. Since those Level 1 and Level 2 risk management positions are not included in the table below, the information provided does not reflect the effect of such risk management activities related to the Level 3 assets and liabilities.

	Jan. 1, 2021		Total Realized / Unrealized Gains (Losses) Included in				Purch- ases		Issu- ances		Settle- ments		Transfers Into Level 3		Transfers Out of Level 3		Mar. 31, 2021		Current Period Unrealized Gains (Losses) Still Held Included in
			Earnings		Other Compre- hensive Income														Earnings		Other Compre- hensive Income
	(in millions)
Assets:
Trading assets, excluding derivatives:(1)
Residential mortgage asset-backed securities	$	15	$	9	$	—	$	—	$	—	$	—	$	—	$	—	$	24	$	9	$	—
Derivatives, net:(2)
Interest rate contracts	34		(32)		—		—		—		—		—		—		2		(17)		—
Foreign exchange contracts	9		(11)		—		—		—		—		—		—		(2)		(12)		—
Equity contracts	119		(22)		—		—		—		(54)		—		(1)		42		(32)		—
Credit contracts	63		(17)		—		—		—		(1)		—		—		45		(19)		—
Other contracts(3)	(59)		2		—		—		—		7		—		—		(50)		—		—
Asset-backed securities available-for-sale(4)	131		—		1		—		—		(2)		—		—		130		—		1
Mortgage servicing rights(5)	7		1		—		—		3		—		—		—		11		1		—
Total assets	$	319	$	(70)	$	1	$	—	$	3	$	(50)	$	—	$	(1)	$	202	$	(70)	$	1
Liabilities:
Domestic deposits(6)	$	(646)	$	4	$	—	$	—	$	—	$	28	$	—	$	15	$	(599)	$	8	$	—
Long-term debt(6)	(448)		(3)		—		—		(123)		89		(2)		1		(486)		4		—
Total liabilities	$	(1,094)	$	1	$	—	$	—	$	(123)	$	117	$	(2)	$	16	$	(1,085)	$	12	$	—

	Jan. 1, 2020		Total Realized / Unrealized Gains (Losses) Included in				Purch- ases		Issu- ances		Settle- ments		Transfers Into Level 3		Transfers Out of Level 3		Mar. 31, 2020		Current Period Unrealized Gains (Losses) Still Held Included in
			Earnings		Other Compre- hensive Income														Earnings		Other Compre- hensive Income
	(in millions)
Assets:
Trading assets, excluding derivatives:(1)
Residential mortgage asset-backed securities	$	17	$	(1)	$	—	$	—	$	—	$	—	$	—	$	—	$	16	$	(1)	$	—
Corporate and other domestic debt securities	510		(45)		—		—		—		—		—		—		465		(45)		—
Derivatives, net:(2)
Interest rate contracts	10		31		—		—		—		—		—		—		41		31		—
Foreign exchange contracts	(1)		(2)		—		—		—		—		—		—		(3)		(2)		—
Equity contracts	72		(74)		—		—		—		6		—		—		4		12		—
Credit contracts	59		35		—		—		—		4		—		—		98		35		—
Other contracts(3)	(75)		11		—		—		—		6		—		—		(58)		—		—
Asset-backed securities available-for-sale(4)	111		—		5		—		—		—		—		—		116		—		5
Mortgage servicing rights(5)	4		(1)		—		—		1		—		—		—		4		(1)		—
Total assets	$	707	$	(46)	$	5	$	—	$	1	$	16	$	—	$	—	$	683	$	29	$	5
Liabilities:
Domestic deposits(6)	$	(774)	$	1	$	18	$	—	$	(36)	$	105	$	—	$	33	$	(653)	$	—	$	18
Long-term debt(6)	(354)		5		10		—		(101)		65		—		4		(371)		4		10
Total liabilities	$	(1,128)	$	6	$	28	$	—	$	(137)	$	170	$	—	$	37	$	(1,024)	$	4	$	28

(1)Gains (losses) on trading assets, excluding derivatives are included in trading revenue in the consolidated statement of income (loss).

(2)Level 3 net derivatives included derivative assets of $541 million and derivative liabilities of $504 million at March 31, 2021 and derivative assets of $628 million and derivative liabilities of $546 million at March 31, 2020. Gains (losses) on derivatives, net are predominantly included in trading revenue and gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income (loss).

(3)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. Gains (losses) on these swap agreements are included in other income in the consolidated statement of income (loss).

(4)Realized gains (losses) on securities available-for-sale are included in other securities gains, net in the consolidated statement of income (loss). Changes in the allowance for credit losses on securities available-for-sale are included in the provision for credit losses in the consolidated statement of income (loss). Unrealized gains (losses) on securities available-for-sale are included in other comprehensive income.

(5)Gain (losses) on mortgage servicing rights are included in other income in the consolidated statement of income (loss).

(6)Excluding unrealized gains (losses) on fair value option liabilities attributable to our own credit spread, which are recorded in other comprehensive income, gains (losses) on fair value option liabilities are included in gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income (loss).

Quantitative Information about Recurring Fair Value Measurement of Assets and Liabilities Classified as Level 3

The following table presents quantitative information about the unobservable inputs used to determine the recurring fair value measurement of assets and liabilities classified as Level 3 fair value measurements at March 31, 2021 and December 31, 2020:

March 31, 2021
Financial Instrument Type	Fair Value (in millions)		Valuation Technique(s)	Significant Unobservable Inputs	Range of Inputs	Weighted Average(1)
Residential mortgage asset-backed securities	$	24	Broker quotes or consensus pricing and, where applicable, discounted cash flows	Prepayment rates	7%	N/A
				Conditional default rates	51%	N/A
				Loss severity rates	34%	N/A
				Discount margin	527bps	N/A
Interest rate derivative contracts	$	2	Market comparable adjusted for probability to fund and, where applicable, discounted cash flows or option pricing model	Probability to fund for rate lock commitments	36% - 100%	85%
				Likelihood of transaction being executed	90%	N/A
				Interest rate yield curve	8%	N/A
Foreign exchange derivative contracts(2)	$	(2)	Option pricing model	Implied volatility of currency pairs	8% - 12%	10%
				Cross-currency basis	(4)bps	N/A
Equity derivative contracts(2)	$	42	Option pricing model	Equity / Equity Index volatility	6% - 87%	36%
				Equity / Equity and Equity / Index correlation	36% - 96%	48%
				Equity dividend yields and forward price	(5)% - 1%	0%
Credit derivative contracts	$	45	Option pricing model and, where applicable, discounted cash flows	Credit default swap spreads	96bps - 234bps	102bps
Other derivative contracts	$	(50)	Discounted cash flows	Conversion rate	1.6 times	N/A
				Expected duration	1.8 years	N/A
Asset-backed securities available-for-sale	$	130	Discounted cash flows	Market assumptions related to yields for comparable instruments	2%	N/A
Mortgage servicing rights	$	11	Discounted cash flows	Constant prepayment rates	13% - 24%	13%
				Discount rate	9% - 10%	9%
				Estimated annualized costs to service	$72 - $152 per account	$75 per account
Domestic deposits (structured deposits)(2)(3)	$	(599)	Option adjusted discounted cash flows	Implied volatility of currency pairs	8% - 12%	10%
				Equity / Equity Index volatility	8% - 39%	17%
				Equity / Equity and Equity / Index correlation	48% - 66%	57%
Long-term debt (structured notes)(2)(3)	$	(486)	Option adjusted discounted cash flows	Implied volatility of currency pairs	8% - 12%	10%
				Equity / Equity Index volatility	8% - 64%	26%
				Equity / Equity and Equity / Index correlation	48% - 96%	88%

December 31, 2020
Financial Instrument Type	Fair Value (in millions)		Valuation Technique(s)	Significant Unobservable Inputs	Range of Inputs	Weighted Average(1)
Residential mortgage asset-backed securities	$	15	Broker quotes or consensus pricing and, where applicable, discounted cash flows	Prepayment rates	10%	N/A
				Conditional default rates	5%	N/A
				Loss severity rates	65%	N/A
				Discount margin	500bps	N/A
Interest rate derivative contracts	$	34	Market comparable adjusted for probability to fund and, where applicable, discounted cash flows or option pricing model	Probability to fund for rate lock commitments	41% - 100%	78%
				Likelihood of transaction being executed	90%	N/A
				Interest rate yield curve	4% - 7%	6%
Foreign exchange derivative contracts(2)	$	9	Option pricing model	Implied volatility of currency pairs	9% - 11%	10%
				Cross-currency basis	(9)bps - 40bps	24bps
Equity derivative contracts(2)	$	119	Option pricing model	Equity / Equity Index volatility	0% - 67%	27%
				Equity / Equity and Equity / Index correlation	17% - 62%	30%
				Equity dividend yields and forward price	(1)% - 0%	0%
Credit derivative contracts	$	63	Option pricing model and, where applicable, discounted cash flows	Credit default swap spreads	150bps	N/A
Other derivative contracts	$	(59)	Discounted cash flows	Conversion rate	1.6 times	N/A
				Expected duration	2 years	N/A
Asset-backed securities available-for-sale	$	131	Discounted cash flows	Market assumptions related to yields for comparable instruments	4%	N/A
Mortgage servicing rights	$	7	Discounted cash flows	Constant prepayment rates	17% - 26%	19%
				Discount rate	9% - 10%	9%
				Estimated annualized costs to service	$73 - $157 per account	$76 per account
Domestic deposits (structured deposits)(2)(3)	$	(646)	Option adjusted discounted cash flows	Implied volatility of currency pairs	9% - 11%	10%
				Equity / Equity Index volatility	0% - 42%	15%
				Equity / Equity and Equity / Index correlation	43% - 47%	45%
Long-term debt (structured notes)(2)(3)	$	(448)	Option adjusted discounted cash flows	Implied volatility of currency pairs	9% - 11%	10%
				Equity / Equity Index volatility	0% - 67%	23%
				Equity / Equity and Equity / Index correlation	32% - 62%	52%

(1)For foreign exchange derivatives, equity derivatives, credit derivatives, structured deposits and structured notes, weighted averages are calculated based on the fair value of the instruments. For all remaining instrument types, weighted averages are calculated based on the notional value of the instruments.

(2)We are the client-facing entity and we enter into identical but opposite derivatives to transfer the resultant risks to our affiliates. With the exception of counterparty credit risks, we are market neutral. The corresponding intra-group derivatives are presented as equity derivatives and foreign exchange derivatives in the table.

(3)Structured deposits and structured notes contain embedded derivative features whose fair value measurements contain significant Level 3 inputs. See equity and foreign exchange derivatives below for a discussion of the uncertainty of Level 3 inputs related to structured deposits and structured notes.

N/A Not Applicable

Assets and Liabilities Recorded at Fair Value on a Non Recurring Basis

The following table presents the fair value hierarchy level within which the fair value of the financial and non-financial assets has been recorded at March 31, 2021 and December 31, 2020. The gains (losses) during the three months ended March 31, 2021 and 2020 are also included.

	Non-Recurring Fair Value Measurements at March 31, 2021								Total Gains (Losses) For the Three Months Ended March 31, 2021
	Level 1		Level 2		Level 3		Total
	(in millions)
Residential mortgage loans held for sale(1)	$	—	$	23	$	—	$	23	$	—
Consumer loans(2)	—		305		—		305		4
Commercial loans(3)	—		—		226		226		19
Real estate owned(4)	—		1		—		1		—
Total assets at fair value on a non-recurring basis	$	—	$	329	$	226	$	555	$	23

	Non-Recurring Fair Value Measurements at December 31, 2020								Total Gains (Losses) For the Three Months Ended March 31, 2020
	Level 1		Level 2		Level 3		Total
	(in millions)
Residential mortgage loans held for sale(1)	$	—	$	4	$	—	$	4	$	—
Consumer loans(2)	—		312		—		312		3
Commercial loans held for sale(5)	—		68		—		68		—
Commercial loans(3)	—		—		270		270		(53)
Real estate owned(4)	—		1		—		1		—
Goodwill(6)	—		—		—		—		(784)
Leases(7)	—		—		3		3		(68)
Total assets at fair value on a non-recurring basis	$	—	$	385	$	273	$	658	$	(902)

(1)At March 31, 2021 and December 31, 2020, the fair value of the loans held for sale was below cost.

(2)Represents residential mortgage loans held for investment whose carrying amount was adjusted during the period based on the fair value of the underlying collateral.

(3)Certain commercial loans are individually assessed for impairment. We measure the credit impairment of a collateral-dependent loan based on the fair value of the collateral asset. The collateral often involves real estate properties that are illiquid due to market conditions. As a result, these loans are classified as a Level 3 fair value measurement within the fair value hierarchy.

(4)Real estate owned is required to be reported on the balance sheet net of transactions costs. The real estate owned amounts in the table above reflect the fair value unadjusted for transaction costs.

(5)At December 31, 2020, the fair value of the loans held for sale was below cost.

(6)During the first quarter of 2020, the goodwill allocated to our previously separate RBWM and PB businesses were both written down to $0 million. See Note 8, "Goodwill," in this From 10-Q for further discussion of the results of our goodwill impairment testing, including the events and circumstances leading to the impairments.

(7)During the first quarter of 2020, we determined that we would exit certain branches and, as a result, the lease ROU assets and leasehold improvement assets associated with these branches were written down based on their estimated remaining useful lives. See Note 2, "Strategic Initiatives," in this Form 10-Q for further discussion.

Quantitative Information about Non Recurring Fair Value Measurement of Assets and Liabilities

The following tables present quantitative information about non-recurring fair value measurements of assets and liabilities classified with Level 3 of the fair value hierarchy at March 31, 2021 and December 31, 2020:

At March 31, 2021
Financial Instrument Type	Fair Value (in millions)		Valuation Technique(s)	Significant Unobservable Inputs	Range of Inputs	Weighted Average(1)
Commercial loans	$	226	Valuation of third party appraisal on underlying collateral	Loss severity rates	4% - 100%	35%

At December 31, 2020
Financial Instrument Type	Fair Value (in millions)		Valuation Technique(s)	Significant Unobservable Inputs	Range of Inputs	Weighted Average(1)
Commercial loans	$	270	Valuation of third party appraisal on underlying collateral	Loss severity rates	0% - 76%	35%

(1)Weighted average is calculated based on the carrying value of the loans.

Additional Information Relating to Asset-Backed Securities and Collateralized Debt Obligations

The following tables provide additional information relating to our asset-backed securities, including CDOs, at March 31, 2021:

Trading asset-backed securities:

Rating of Securities:(1)	Collateral Type:	Level 2		Level 3		Total
		(in millions)
AAA - A	Collateralized debt obligations	$	41	$	—	$	41
	Student loans	63		—		63
	Total AAA - A	104		—		104
BBB - B	Collateralized debt obligations	25		—		25
CCC - Unrated	Residential mortgages - Subprime	—		24		24
		$	129	$	24	$	153

Available-for-sale asset-backed securities:

Rating of Securities:(1)	Collateral Type:	Level 3
		(in millions)
AAA - A	Home equity - Alt A	$	25
BBB - B	Other	105
		$	130

(1)We utilize S&P as the primary source of credit ratings in the tables above. If S&P ratings are not available, ratings by Moody's and Fitch are used in that order. Ratings for CDOs represent the ratings associated with the underlying collateral.

Carrying Value and Estimated Fair Value of Financial Instruments

The following table summarizes the carrying value and estimated fair value of our financial instruments, excluding financial instruments that are carried at fair value on a recurring basis, at March 31, 2021 and December 31, 2020, and their classification within the fair value hierarchy:

March 31, 2021	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	(in millions)
Financial assets:
Short-term financial assets, net of allowance for credit losses	$	55,066	$	55,066	$	1,447	$	53,607	$	12
Federal funds sold and securities purchased under agreements to resell	3,760		3,760		—		3,760		—
Securities held-to-maturity, net of allowance for credit losses	7,837		8,166		—		8,166		—
Commercial loans, net of allowance for credit losses	40,482		41,303		—		—		41,303
Commercial loans held for sale	173		173		—		173		—
Consumer loans, net of allowance for credit losses	20,161		19,508		—		—		19,508
Residential mortgage loans held for sale	95		96		—		96		—
Financial liabilities:
Short-term financial liabilities	$	5,256	$	5,256	$	—	$	5,243	$	13
Deposits	144,817		144,821		—		144,821		—
Long-term debt	8,309		8,735		—		8,735		—

December 31, 2020	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	(in millions)
Financial assets:
Short-term financial assets, net of allowance for credit losses	$	15,667	$	15,667	$	1,302	$	14,353	$	12
Federal funds sold and securities purchased under agreements to resell	35,746		35,746		—		35,746		—
Securities held-to-maturity, net of allowance for credit losses	8,981		9,369		—		9,369		—
Commercial loans, net of allowance for credit losses	40,785		41,417		—		—		41,417
Commercial loans held for sale	93		93		—		93		—
Consumer loans, net of allowance for credit losses	20,256		19,865		—		—		19,865
Residential mortgage loans held for sale	208		217		—		217		—
Financial liabilities:
Short-term financial liabilities	$	4,965	$	4,965	$	—	$	4,952	$	13
Deposits	140,995		141,001		—		141,001		—
Long-term debt	9,254		9,720		—		9,720		—