CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	[1]	$ 621	$ 704
Interest bearing deposits with banks	[1]	22,625	25,015
Federal funds sold and securities purchased under agreements to resell	[1]	14,313	13,878
Trading assets (includes $3.6 billion and $3.0 billion pledged to creditors at December 31, 2024 and 2023, respectively)	[1]	21,231	22,115
Securities available-for-sale (includes amortized cost of $27.2 billion and $28.0 billion at December 31, 2024 and 2023, respectively, an allowance for credit losses of nil at both December 31, 2024 and 2023, and $0.6 billion and $0.2 billion pledged to creditors at December 31, 2024 and 2023, respectively)	[1]	24,937	25,696
Securities held-to-maturity, net of allowance for credit losses of nil at both December 31, 2024 and 2023 (fair value of $17.0 billion and $14.7 billion at December 31, 2024 and 2023, respectively)	[1]	17,798	15,076
Loans (includes $11 million and $15 million designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	62,753	58,987
Less – allowance for credit losses	[1]	537	591
Loans, net	[1]	62,216	58,396
Loans held for sale (includes $395 million and $250 million designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	406	339
Properties and equipment, net	[1]	73	71
Goodwill	[1]	458	458
Other assets, net of allowance for credit losses of nil at both December 31, 2024 and 2023 (includes $16 million and $10 million designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	6,053	6,490
Total assets	[1]	170,731	168,238
Domestic deposits:
Noninterest bearing	[1]	21,251	23,421
Interest bearing (includes $4.0 billion and $1.8 billion designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	96,656	92,604
Foreign deposits - interest bearing	[1]	5,443	5,258
Total deposits	[1]	123,350	121,283
Short-term borrowings	[1]	7,352	9,914
Long-term debt (includes $7.9 billion and $7.5 billion designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	20,717	18,661
Total debt	[1]	151,419	149,858
Trading liabilities	[1]	3,907	3,485
Interest, taxes and other liabilities (includes $16 million and $10 million designated under fair value option at December 31, 2024 and 2023, respectively)	[1]	2,916	3,256
Total liabilities	[1]	158,242	156,599
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 265 shares issued and outstanding at both December 31, 2024 and 2023)		265	265
Common equity:
Common stock ($5 par value; 150,000,000 shares authorized; 714 shares issued and outstanding at both December 31, 2024 and 2023)		0	0
Additional paid-in capital		12,727	12,740
Retained earnings		1,269	560
Accumulated other comprehensive loss		(1,772)	(1,926)
Total common equity		12,224	11,374
Total equity		12,489	11,639
Total liabilities and equity		$ 170,731	$ 168,238

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at December 31, 2024 and 2023. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 27, "Variable Interest Entities," for additional information. At December 31,20242023(in millions)AssetsOther assets$11 $23 Total assets$11 $23 LiabilitiesInterest, taxes and other liabilities$4 $17 Total liabilities$4 $17