Quarterly report [Sections 13 or 15(d)]

Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details)

v3.25.2
Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
On-balance sheet assets            
Trading account assets $ 356,584   $ 314,460      
Debt securities carried at fair value 388,930   358,607      
Held-to-maturity securities 541,322   558,713      
Loans and leases 1,147,056   1,095,835      
Allowance for loan and lease losses (13,291) $ (13,256) (13,240) $ (13,238) $ (13,213) $ (13,342)
All other assets 169,446   162,056      
Total assets 3,441,142   3,261,519 $ 3,257,996    
Total liabilities 3,141,543   2,965,960      
Consolidated VIEs            
On-balance sheet assets            
Trading account assets 5,668   5,575      
Loans and leases 18,617   19,144      
Allowance for loan and lease losses (917)   (919)      
All other assets 633   319      
Total assets 24,001   24,119      
Total liabilities 13,221   11,807      
Agency | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 7,141   7,353      
On-balance sheet assets            
All other assets 0   0      
Total assets 7,141   7,353      
Principal balance outstanding 67,521   69,018      
Agency | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 689   1,132      
On-balance sheet assets            
Trading account assets 689   1,132      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 689   1,132      
Total liabilities 0   0      
Agency | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 187   126      
Debt securities carried at fair value 2,143   2,222      
Held-to-maturity securities 4,811   5,005      
Residential Mortgage | Prime and Alt-A | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 10   84      
On-balance sheet assets            
All other assets 2   3      
Total assets 11   13      
Principal balance outstanding 11,872   12,590      
Residential Mortgage | Prime and Alt-A | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 0   0      
Total liabilities 0   0      
Residential Mortgage | Prime and Alt-A | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 9   10      
Debt securities carried at fair value 0   0      
Held-to-maturity securities 0   0      
Residential Mortgage | Subprime | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 86   301      
On-balance sheet assets            
All other assets 15   23      
Total assets 438   451      
Principal balance outstanding 3,825   4,180      
Residential Mortgage | Subprime | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 15   0      
On-balance sheet assets            
Trading account assets 265   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 265   0      
Total liabilities 250   0      
Residential Mortgage | Subprime | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 5   12      
Debt securities carried at fair value 418   416      
Held-to-maturity securities 0   0      
Home Equity | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
All other assets 0   0      
Total assets 0   0      
Principal balance outstanding 169   187      
Home Equity | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 9   10      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 18   22      
Allowance for loan and lease losses 6   6      
All other assets 1   1      
Total assets 25   29      
Total liabilities 16   19      
Home Equity | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 0   0      
Debt securities carried at fair value 0   0      
Held-to-maturity securities 0   0      
Commercial Mortgage            
On-balance sheet assets            
Debt securities carried at fair value 30,931          
Commercial Mortgage | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 1,801   1,640      
On-balance sheet assets            
All other assets 46   41      
Total assets 1,648   1,541      
Principal balance outstanding 88,936   90,222      
Commercial Mortgage | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 0   0      
Total liabilities 0   0      
Commercial Mortgage | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 477   328      
Debt securities carried at fair value 0   0      
Held-to-maturity securities $ 1,125   $ 1,172