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Reserves on Deposit with the Federal Reserve Bank and Federal Bank Stock
 12 Months Ended
Dec. 31, 2022
Federal Home Loan Bank Stock and Federal Reserve Bank Stock [Abstract]  
Reserves on Deposit with the Federal Reserve Bank and Federal Bank Stock Reserves on Deposit with the Federal Reserve Bank and Federal Bank Stock
The cash balances at the Federal Reserve are classified as cash and cash equivalents. As a member of the FHLB and FRB, we are required to hold shares of FHLB and FRB stock under the Bank's borrowing agreement. FHLB and FRB stock are recorded at cost as a component of other assets, and any cash dividends received are recorded as a component of other noninterest income.
The table below provides information on the shares held at the FHLB and FRB for the years ended and as of December 31, 2022, and December 31, 2021:
December 31,
(Dollars in millions)20222021
FHLB stock holdings$418 $26 
FRB stock holdings302 81