Quarterly report pursuant to Section 13 or 15(d)

Fair Value Option - Elections (Details)

v3.24.2
Fair Value Option - Elections (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Federal funds sold and securities borrowed or purchased under agreements to resell    
Fair Value Carrying Amount    
Assets $ 167,835 $ 133,053
Contractual Principal Outstanding    
Assets 167,788 133,001
Fair Value Carrying Amount Less Unpaid Principal    
Assets 47 52
Loans reported as trading account assets    
Fair Value Carrying Amount    
Assets 9,448 8,377
Contractual Principal Outstanding    
Assets 16,828 15,580
Fair Value Carrying Amount Less Unpaid Principal    
Assets (7,380) (7,203)
Trading inventory – other    
Fair Value Carrying Amount    
Assets 17,572 25,282
Consumer and commercial loans    
Fair Value Carrying Amount    
Assets 3,197 3,569
Contractual Principal Outstanding    
Assets 3,238 3,618
Fair Value Carrying Amount Less Unpaid Principal    
Assets (41) (49)
Loans held-for-sale    
Fair Value Carrying Amount    
Assets 1,572 2,059
Contractual Principal Outstanding    
Assets 2,201 2,873
Fair Value Carrying Amount Less Unpaid Principal    
Assets (629) (814)
Other assets    
Fair Value Carrying Amount    
Assets 2,957 1,986
Long-term deposits    
Fair Value Carrying Amount    
Liabilities 370 284
Contractual Principal Outstanding    
Liabilities 441 267
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities (71) 17
Federal funds purchased and securities loaned or sold under agreements to repurchase    
Fair Value Carrying Amount    
Liabilities 214,719 178,609
Contractual Principal Outstanding    
Liabilities 214,761 178,634
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities (42) (25)
Short-term borrowings    
Fair Value Carrying Amount    
Liabilities 7,200 4,690
Contractual Principal Outstanding    
Liabilities 7,206 4,694
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities (6) (4)
Unfunded loan commitments    
Fair Value Carrying Amount    
Liabilities 73 67
Accrued expenses and other liabilities    
Fair Value Carrying Amount    
Liabilities 2,219 1,341
Contractual Principal Outstanding    
Liabilities 2,175 1,347
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities 44 (6)
Long-term debt    
Fair Value Carrying Amount    
Liabilities 46,875 42,809
Contractual Principal Outstanding    
Liabilities 49,332 46,707
Fair Value Carrying Amount Less Unpaid Principal    
Liabilities $ (2,457) $ (3,898)