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Securities (Tables)
 9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Value of the Securities Available-for-Sale and Held-to-Maturity
Our securities available-for-sale and securities held-to-maturity portfolios consisted of the following:
September 30, 2022Amortized
Cost		Allowance for Credit LossesUnrealized
Gains		Unrealized
Losses		Fair
Value
 (in millions)
Securities available-for-sale:
U.S. Treasury$8,327 $— $37 $(250)$8,114 
U.S. Government sponsored enterprises:
Mortgage-backed securities6,653 — — (1,061)5,592 
Collateralized mortgage obligations1,581 — — (315)1,266 
Direct agency obligations1,793 — 2 (66)1,729 
U.S. Government agency issued or guaranteed:
Mortgage-backed securities7,586 — — (781)6,805 
Collateralized mortgage obligations3,260 — — (538)2,722 
Direct agency obligations165 — 2 (4)163 
Asset-backed securities collateralized by:
Home equity16 — — (1)15 
Other105 — — (13)92 
Foreign debt securities(1)
1,594 — 1 (11)1,584 
Total available-for-sale securities$31,080 $— $42 $(3,040)$28,082 
Securities held-to-maturity:
U.S. Government sponsored enterprises:
Mortgage-backed securities$1,174 $— $— $(92)$1,082 
Collateralized mortgage obligations375 — 4 (19)360 
U.S. Government agency issued or guaranteed:
Mortgage-backed securities2,940 — — (213)2,727 
Collateralized mortgage obligations2,160 — — (155)2,005 
Obligations of U.S. states and political subdivisions6 — — — 6 
Asset-backed securities collateralized by residential mortgages1 — — — 1 
Total held-to-maturity securities$6,656 $— $4 $(479)$6,181 
December 31, 2021Amortized
Cost		Allowance for Credit LossesUnrealized
Gains		Unrealized
Losses		Fair
Value
 (in millions)
Securities available-for-sale:
U.S. Treasury$9,490 $— $144 $(72)$9,562 
U.S. Government sponsored enterprises:
Mortgage-backed securities7,365 — 114 (115)7,364 
Collateralized mortgage obligations1,787 — 8 (48)1,747 
Direct agency obligations1,775 — 16 (4)1,787 
U.S. Government agency issued or guaranteed:
Mortgage-backed securities8,489 — 7 (66)8,430 
Collateralized mortgage obligations3,730 — 7 (49)3,688 
Direct agency obligations282 — 6 — 288 
Asset-backed securities collateralized by:
Home equity20 (1)— — 19 
Other107 — — (6)101 
Foreign debt securities(1)
2,311 — 3 (2)2,312 
Total available-for-sale securities$35,356 $(1)$305 $(362)$35,298 
Securities held-to-maturity:
U.S. Government sponsored enterprises:
Mortgage-backed securities$684 $— $21 $— $705 
Collateralized mortgage obligations492 — 26 — 518 
U.S. Government agency issued or guaranteed:
Mortgage-backed securities1,104 — 24 — 1,128 
Collateralized mortgage obligations2,915 — 85 (1)2,999 
Obligations of U.S. states and political subdivisions8 — — — 8 
Asset-backed securities collateralized by residential mortgages1 (1)1 — 1 
Total held-to-maturity securities$5,204 $(1)$157 $(1)$5,359 
(1)Foreign debt securities represent public sector entity, bank or corporate debt.
Gross Unrealized Losses and Related Fair Value The following table summarizes gross unrealized losses and related fair values for securities available-for-sale by major security type at September 30, 2022 and December 31, 2021 classified as to the length of time the losses have existed:
 One Year or LessGreater Than One Year
Number
of
Securities		Gross
Unrealized
Losses		Aggregate
Fair Value
of Investment		Number
of
Securities		Gross
Unrealized
Losses		Aggregate
Fair Value
of Investment
 (dollars are in millions)
At September 30, 2022
U.S. Treasury30 $(134)$4,877 15 $(116)$1,212 
U.S. Government sponsored enterprises245 (419)3,665 67 (1,023)4,384 
U.S. Government agency issued or guaranteed132 (914)7,652 31 (409)1,976 
Asset-backed securities4 (1)15 3 (13)92 
Foreign debt securities4 (4)347 2 (7)105 
Securities available-for-sale415 $(1,472)$16,556 118 $(1,568)$7,769 
At December 31, 2021
U.S. Treasury11 $(28)$1,784 9 $(44)$856 
U.S. Government sponsored enterprises63 (155)6,224 14 (12)354 
U.S. Government agency issued or guaranteed59 (91)8,972 15 (24)769 
Asset-backed securities— — — 3 (6)101 
Foreign debt securities8 (2)1,188 — — — 
Securities available-for-sale141 $(276)$18,168 41 $(86)$2,080 
Realized Gains and Losses on Investment Securities Transactions Attributable to Available-for-Sale Securities The following table summarizes realized gains and losses on investment securities transactions attributable to available-for-sale securities:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
 (in millions)
Gross realized gains$1 $21 $31 $109 
Gross realized losses— (17)(1)(58)
Net realized gains$1 $4 $30 $51 
Distribution of Maturities of Debt Securities with the Approximate Yield of the Portfolio The table below also reflects the distribution of maturities of debt securities held at September 30, 2022, together with the approximate yield of the portfolio. The yields shown are calculated by dividing annualized interest income, including the accretion of discounts and the amortization of premiums, by the amortized cost of securities outstanding at September 30, 2022.
 Within
One Year		After One
But Within
Five Years		After Five
But Within
Ten Years		After Ten
Years
AmountYieldAmountYieldAmountYieldAmountYield
 (dollars are in millions)
Available-for-sale:
U.S. Treasury$249 2.00 %$3,859 1.51 %$1,286 1.54 %$2,933 2.71 %
U.S. Government sponsored enterprises
192 1.17 1,725 1.74 1,451 2.25 6,659 1.75 
U.S. Government agency issued or guaranteed
— — 21 .96 2 6.35 10,988 2.42 
Asset-backed securities— — — — 105 4.17 16 2.94 
Foreign debt securities1,177 .29 417 1.30 — — — — 
Total amortized cost$1,618 .66 %$6,022 1.56 %$2,844 2.00 %$20,596 2.25 %
Total fair value$1,616 $5,855 $2,696 $17,915 
Held-to-maturity:
U.S. Government sponsored enterprises
$14 2.84 %$92 2.34 %$855 3.14 %$588 3.38 %
U.S. Government agency issued or guaranteed
— — 2 2.44 9 6.82 5,089 3.21 
Obligations of U.S. states and political subdivisions
2 3.68 2 4.45 2 2.42 — — 
Asset-backed securities— — — — — — 1 7.68 
Total amortized cost$16 2.95 %$96 2.39 %$866 3.18 %$5,678 3.23 %
Total fair value$16 $91 $799 $5,275 
Equity Securities Not Classified as Trading Equity securities that are not classified as trading and are included in other assets consisted of the following:
September 30, 2022December 31, 2021
 (in millions)
Equity securities carried at fair value$268 $282 
Equity securities without readily determinable fair values15 16