OFFSETTING ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2024

Offsetting [Abstract]

Schedule of Offsetting Assets and Liabilities

The following schedules present gross and net information for selected financial instruments on the balance sheet:

	September 30, 2024
							Gross amounts not offset on the balance sheet
(In millions)	Gross amounts recognized		Gross amounts offset on the balance sheet		Net amounts presented on the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and securities purchased under agreements to resell	$	986	$	—	$	986	$	—	$	—	$	986
Derivatives (included in other assets)	382		—		382		(92)		(192)		98
Total assets	$	1,368	$	—	$	1,368	$	(92)	$	(192)	$	1,084
Liabilities:
Federal funds and other short-term borrowings	$	2,919	$	—	$	2,919	$	—	$	—	$	2,919
Derivatives (included in other liabilities)	295		—		295		(92)		(3)		200
Total liabilities	$	3,214	$	—	$	3,214	$	(92)	$	(3)	$	3,119

	December 31, 2023
							Gross amounts not offset on the balance sheet
(In millions)	Gross amounts recognized		Gross amounts offset on the balance sheet		Net amounts presented on the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and securities purchased under agreements to resell	$	1,170	$	(233)	$	937	$	—	$	—	$	937
Derivatives (included in other assets)	420		—		420		(31)		(357)		32
Total assets	$	1,590	$	(233)	$	1,357	$	(31)	$	(357)	$	969
Liabilities:
Federal funds and other short-term borrowings	$	4,612	$	(233)	$	4,379	$	—	$	—	$	4,379
Derivatives (included in other liabilities)	333		—		333		(31)		(1)		301
Total liabilities	$	4,945	$	(233)	$	4,712	$	(31)	$	(1)	$	4,680

Schedule of Offsetting Assets and Liabilities

The following schedules present gross and net information for selected financial instruments on the balance sheet:

	September 30, 2024
							Gross amounts not offset on the balance sheet
(In millions)	Gross amounts recognized		Gross amounts offset on the balance sheet		Net amounts presented on the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and securities purchased under agreements to resell	$	986	$	—	$	986	$	—	$	—	$	986
Derivatives (included in other assets)	382		—		382		(92)		(192)		98
Total assets	$	1,368	$	—	$	1,368	$	(92)	$	(192)	$	1,084
Liabilities:
Federal funds and other short-term borrowings	$	2,919	$	—	$	2,919	$	—	$	—	$	2,919
Derivatives (included in other liabilities)	295		—		295		(92)		(3)		200
Total liabilities	$	3,214	$	—	$	3,214	$	(92)	$	(3)	$	3,119

	December 31, 2023
							Gross amounts not offset on the balance sheet
(In millions)	Gross amounts recognized		Gross amounts offset on the balance sheet		Net amounts presented on the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and securities purchased under agreements to resell	$	1,170	$	(233)	$	937	$	—	$	—	$	937
Derivatives (included in other assets)	420		—		420		(31)		(357)		32
Total assets	$	1,590	$	(233)	$	1,357	$	(31)	$	(357)	$	969
Liabilities:
Federal funds and other short-term borrowings	$	4,612	$	(233)	$	4,379	$	—	$	—	$	4,379
Derivatives (included in other liabilities)	333		—		333		(31)		(1)		301
Total liabilities	$	4,945	$	(233)	$	4,712	$	(31)	$	(1)	$	4,680