Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Offsetting [Abstract]

Schedule of Offsetting Assets and Liabilities

Gross and net information for selected financial instruments in the balance sheet is as follows:

	June 30, 2021
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	1,714	$	—	$	1,714	$	—	$	—	$	1,714
Derivatives (included in other assets)	285		—		285		(15)		(2)		268
Total assets	$	1,999	$	—	$	1,999	$	(15)	$	(2)	$	1,982
Liabilities:
Federal funds purchased and other short-term borrowings	$	741	$	—	$	741	$	—	$	—	$	741
Derivatives (included in other liabilities)	44		—		44		(15)		(6)		23
Total liabilities	$	785	$	—	$	785	$	(15)	$	(6)	$	764

	December 31, 2020
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	6,457	$	(692)	$	5,765	$	—	$	—	$	5,765
Derivatives (included in other assets)	418		—		418		(4)		(3)		411
Total assets	$	6,875	$	(692)	$	6,183	$	(4)	$	(3)	$	6,176
Liabilities:
Federal funds purchased and other short-term borrowings	$	2,264	$	(692)	$	1,572	$	—	$	—	$	1,572
Derivatives (included in other liabilities)	38		—		38		(4)		(26)		8
Total liabilities	$	2,302	$	(692)	$	1,610	$	(4)	$	(26)	$	1,580

Schedule of Offsetting Assets and Liabilities

Gross and net information for selected financial instruments in the balance sheet is as follows:

	June 30, 2021
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	1,714	$	—	$	1,714	$	—	$	—	$	1,714
Derivatives (included in other assets)	285		—		285		(15)		(2)		268
Total assets	$	1,999	$	—	$	1,999	$	(15)	$	(2)	$	1,982
Liabilities:
Federal funds purchased and other short-term borrowings	$	741	$	—	$	741	$	—	$	—	$	741
Derivatives (included in other liabilities)	44		—		44		(15)		(6)		23
Total liabilities	$	785	$	—	$	785	$	(15)	$	(6)	$	764

	December 31, 2020
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	6,457	$	(692)	$	5,765	$	—	$	—	$	5,765
Derivatives (included in other assets)	418		—		418		(4)		(3)		411
Total assets	$	6,875	$	(692)	$	6,183	$	(4)	$	(3)	$	6,176
Liabilities:
Federal funds purchased and other short-term borrowings	$	2,264	$	(692)	$	1,572	$	—	$	—	$	1,572
Derivatives (included in other liabilities)	38		—		38		(4)		(26)		8
Total liabilities	$	2,302	$	(692)	$	1,610	$	(4)	$	(26)	$	1,580