Deposits (Tables)

12 Months Ended

Dec. 31, 2025

Deposits [Abstract]

Noninterest-bearing and interest-bearing deposits

As of December 31, 2025 and 2024, noninterest-bearing and interest-bearing deposits were as follows:

December 31, (in millions)	2025		2024
U.S. offices
Noninterest-bearing (included $16,610 and $28,904 at fair value)(a)	$	583,342	$	592,500
Interest-bearing (included $1,085 and $1,101 at fair value)(a)	1,452,729		1,345,914
Total deposits in U.S. offices	2,036,071		1,938,414
Non-U.S. offices
Noninterest-bearing (included $3,099 and $2,255 at fair value)(a)	37,057		26,806
Interest-bearing (included $136 and $1,508 at fair value)(a)	486,192		440,812
Total deposits in non-U.S. offices	523,249		467,618
Total deposits	$	2,559,320	$	2,406,032

(a)Includes structured notes classified as deposits for which the fair value option has been elected. Refer to Note 3 for further discussion.

Time deposits $250,000 or more

As of December 31, 2025 and 2024, time deposits in denominations that met or exceeded the insured limit were as follows:

December 31, (in millions)	2025		2024
U.S. offices	$	155,114	$	149,239
Non-U.S. offices(a)	89,085		92,639
Total	$	244,199	$	241,878

(a)Represents all time deposits in non-U.S. offices as these deposits typically exceed the insured limit.

Time deposits, by maturity

As of December 31, 2025, the remaining maturities of interest-bearing time deposits were as follows:

December 31, (in millions)
	U.S.		Non-U.S.		Total
2026	$	223,575	$	85,868	$	309,443
2027	746		—		746
2028	195		—		195
2029	612		—		612
2030	156		—		156
After 5 years	130		118		248
Total	$	225,414	$	85,986	$	311,400