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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Summary The following table summarizes our available-for-sale and held-to-maturity portfolios by major security type:
Table 37: Investment Securities Summary (a) (b)
March 31, 2025December 31, 2024
In millionsAmortized
Cost (c)		UnrealizedFair
Value		Amortized
Cost (c)		UnrealizedFair
Value
GainsLossesGainsLosses
Securities Available-for-Sale
U.S. Treasury and government agencies$24,754 $103 $(353)$24,504 $23,962 $25 $(436)$23,551 
Residential mortgage-backed
Agency33,157 69 (2,512)30,714 33,589 28 (2,991)30,626 
Non-agency489 111 (4)596 504 105 (6)603 
Commercial mortgage-backed
Agency2,548 5 (100)2,453 2,077 1 (133)1,945 
Non-agency613 — (10)603 706 — (15)691 
Asset-backed2,289 42 (1)2,330 2,353 42 (3)2,392 
Other 2,174 42 (98)2,118 2,307 42 (118)2,231 
Total securities available-for-sale $66,024 $372 $(3,078)$63,318 $65,498 $243 $(3,702)$62,039 
Securities Held-to-Maturity
U.S. Treasury and government agencies$27,789 $15 $(619)$27,185 $29,420 $— $(896)$28,524 
Residential mortgage-backed
Agency39,378 65 (2,960)36,483 40,171 16 (3,696)36,491 
Non-agency236 — (16)220 240 — (21)219 
Commercial mortgage-backed
Agency922 8 (15)915 955 3 (28)930 
Non-agency644 4 (3)645 836 3 (7)832 
Asset-backed2,926 39 (10)2,955 3,380 37 (16)3,401 
Other2,562 14 (53)2,523 2,691 19 (49)2,661 
Total securities held-to-maturity (d)$74,457 $145 $(3,676)$70,926 $77,693 $78 $(4,713)$73,058 
(a) At March 31, 2025, the accrued interest associated with our held-to-maturity and available-for-sale portfolios totaled $204 million and $259 million, respectively. The comparable amounts at December 31, 2024 were $242 million and $328 million, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet.
(b) Credit ratings represent a primary credit quality indicator used to monitor and manage credit risk. Of our total securities portfolio, 97% were rated AAA/AA at both March 31, 2025 and December 31, 2024.
(c) Amortized cost is presented net of allowance of $63 million for securities available-for-sale, primarily related to non-agency commercial mortgage-backed securities, and $5 million for securities held-to-maturity at March 31, 2025. The comparable amounts at December 31, 2024 were $86 million and $5 million, respectively.
(d) Held-to-maturity securities transferred from available-for-sale are included in held-to-maturity at fair value at the time of the transfer. The amortized cost of held-to-maturity securities included net unrealized losses of $3.2 billion at March 31, 2025 related to securities transferred, which are offset in AOCI, net of tax. The comparable amount at December 31, 2024 was $3.4 billion.
Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses
Table 38: Gross Unrealized Loss and Fair Value of Securities Available-for-Sale Without an Allowance for Credit Losses
Unrealized loss position
less than 12 months		Unrealized loss position
12 months or more		Total
In millionsUnrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value
March 31, 2025
U.S. Treasury and government agencies$(5)$7,764 $(348)$1,874 $(353)$9,638 
Residential mortgage-backed
Agency(15)2,659 (2,497)19,358 (2,512)22,017 
Non-agency— — (2)33 (2)33 
Commercial mortgage-backed
Agency(3)290 (97)1,391 (100)1,681 
Non-agency— — (10)499 (10)499 
Asset-backed— — — — — — 
Other (3)62 (79)1,626 (82)1,688 
Total securities available-for-sale$(26)$10,775 $(3,033)$24,781 $(3,059)$35,556 
December 31, 2024
U.S. Treasury and government agencies$(70)$17,500 $(366)$1,824 $(436)$19,324 
Residential mortgage-backed
Agency(65)6,163 (2,926)19,595 (2,991)25,758 
Non-agency— — (3)41 (3)41 
Commercial mortgage-backed
Agency(8)501 (125)1,388 (133)1,889 
Non-agency— — (15)559 (15)559 
Asset-backed(2)226 (1)8 (3)234 
Other(2)99 (98)1,734 (100)1,833 
Total securities available-for-sale$(147)$24,489 $(3,534)$25,149 $(3,681)$49,638 
Gains (Losses) on Sales Of Securities Available for Sale
Information related to gross realized securities gains and losses from the sales of securities is set forth in the following table:

Table 39: Gains (Losses) on Sales of Securities Available-for-Sale
Three months ended March 31
In millions
Gross GainsGross LossesNet Gains (Losses) Tax Expense (Benefit)
2025$2 $(4)$(2)$— 
2024$— $— $— $— 
Contractual Maturity of Securities
The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at March 31, 2025:
Table 40: Contractual Maturity of Debt Securities
March 31, 2025
Dollars in millions		1 Year or LessAfter 1 Year
through 5 Years		After 5 Years
through 10 Years		After 10
Years		Total
Securities Available-for-Sale
U.S. Treasury and government agencies$376 $10,961 $11,246 $2,171 $24,754 
Residential mortgage-backed
Agency3 310 3,502 29,342 33,157 
Non-agency— — 47 442 489 
Commercial mortgage-backed
Agency60 1,422 151 915 2,548 
Non-agency— 100 82 431 613 
Asset-backed— 834 316 1,139 2,289 
Other 233 1,590 216 135 2,174 
Total securities available-for-sale at amortized cost$672 $15,217 $15,560 $34,575 $66,024 
Fair value$670 $15,142 $15,374 $32,132 $63,318 
Weighted-average yield, GAAP basis (a)3.18 %3.68 %4.17 %3.82 %3.86 %
Securities Held-to-Maturity
U.S. Treasury and government agencies$9,187 $16,300 $1,447 $855 $27,789 
Residential mortgage-backed
Agency — 7 335 39,036 39,378 
Non-agency— — — 236 236 
Commercial mortgage-backed
Agency— 277 437 208 922 
Non-agency— 36 — 608 644 
Asset-backed8 776 1,164 978 2,926 
Other284 778 274 1,226 2,562 
Total securities held-to-maturity at amortized cost$9,479 $18,174 $3,657 $43,147 $74,457 
Fair value$9,411 $17,811 $3,538 $40,166 $70,926 
Weighted-average yield, GAAP basis (a)1.31 %1.78 %2.74 %2.92 %2.43 %
(a)Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid.
Fair Value of Securities Pledged and Accepted as Collateral
The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings:
Table 41: Fair Value of Securities Pledged and Accepted as Collateral
In millionsMarch 31, 2025December 31, 2024
Pledged to others$67,334 $69,330 
Accepted from others:
Permitted by contract or custom to sell or repledge$1,677 $1,231 
Permitted amount repledged to others$1,677 $1,231