Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

The table below presents financial assets and liabilities carried at fair value.



	As of

$ in millions		June 2021		March 2021		December 2020
Total level 1 financial assets		$ 256,699		$ 253,650		$ 263,999
Total level 2 financial assets		446,055		428,190		410,275
Total level 3 financial assets		25,623		26,893		26,305
Investments in funds at NAV		3,988		3,758		3,664
Counterparty and cash collateral netting		(63,655	)	(64,740	)	(77,170	)
Total financial assets at fair value		$ 668,710		$ 647,751		$ 627,073
Total assets		$1,387,922		$1,301,548		$1,163,028
Total level 3 financial assets divided by:
Total assets		1.8%		2.1%		2.3%
Total financial assets at fair value		3.8%		4.2%		4.2%
Total level 1 financial liabilities		$ 133,781		$ 133,542		$ 85,120
Total level 2 financial liabilities		378,188		350,494		331,824
Total level 3 financial liabilities		33,405		33,192		32,930
Counterparty and cash collateral netting		(52,129	)	(53,163	)	(60,297	)
Total financial liabilities at fair value		$ 493,245		$ 464,065		$ 389,577
Total liabilities		$1,286,032		$1,203,884		$1,067,096
Total level 3 financial liabilities divided by:
Total liabilities		2.6%		2.8%		3.1%
Total financial liabilities at fair value		6.8%		7.2%		8.5%

In the table above:

•

Counterparty netting among positions classified in the same level is included in that level.

•

Counterparty and cash collateral netting represents the impact on derivatives of netting across levels.

The table below presents a summary of level 3 financial assets.