Trading Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

Trading assets and liabilities consisted of the following:


	September 30, 2021		December 31, 2020
	(in millions)
Trading assets:
U.S. Treasury	$	2,352	$	5,145
U.S. Government agency issued or guaranteed	45		—
U.S. Government sponsored enterprises	246		192

Asset-backed securities	—		143
Foreign bonds	768		7,971
Equity securities	13,287		6,043
Precious metals	3,316		4,989
Derivatives, net	1,971		2,801
Total trading assets	$	21,985	$	27,284
Trading liabilities:
Securities sold, not yet purchased	$	947	$	727
Payables for precious metals	90		2,312
Derivatives, net	1,633		2,358
Total trading liabilities	$	2,670	$	5,397