XML 252 R223.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Combinations - Computation of Purchase Price and the Assets Acquired Net of Liabilities Assumed (Details) - USD ($)
$ in Millions
3 Months Ended 8 Months Ended 12 Months Ended
May 01, 2023
Dec. 31, 2023
Dec. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Liabilities            
Estimated gain on acquisition, after-tax       $ 2,775 $ 0 $ 0
First Republic            
Purchase price consideration            
Amounts paid/due to the FDIC, net of cash acquired     $ 13,524      
Purchase Money Note (at fair value)     48,848      
Settlement of First Republic deposit and other related party transactions     5,447      
Contingent consideration - Shared-loss agreements     15      
Purchase price consideration     67,834      
Assets            
Securities   $ 30,285 30,285 30,285    
Loans   153,242 153,242 153,242    
Core deposit and customer relationship intangibles   1,455 1,455 1,455    
Indemnification assets - Shared-loss agreements   675 675 675    
Accounts receivable and other assets   6,574 6,574 6,574    
Total assets acquired   192,231 192,231 192,231    
Liabilities            
Deposits   87,572 87,572 87,572    
FHLB advances   27,919 27,919 27,919    
Lending-related commitments   2,614 2,614 2,614    
Accounts payable and other liabilities   2,793 2,793 2,793    
Deferred tax liabilities   724 724 724    
Total liabilities assumed   121,622 121,622 121,622    
Fair value of net assets acquired   70,609 70,609 70,609    
Estimated gain on acquisition, after-tax $ 2,700   2,775 2,800    
Cash paid at acquisition     10,600      
Amounts payable     3,600      
Cash acquired from acquisition     680      
Consideration transferred for settlement of securities financing transaction     447      
Reclassification resulting in an increase to loans   762        
Reclassification resulting in a decrease to accounts receivable and other assets   870        
Reclassification resulting in an increase to accounts payable and other liabilities   30        
Tax-oriented investments acquired   1,200 1,200 1,200    
Right-of-use assets acquired   683 683 683    
Tax-oriented investment liability assumed   669 669 669    
Lease liabilities assumed   $ 748 $ 748 $ 748