Fair Value (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present information with respect to our financial assets and liabilities carried at fair value in our consolidated statement of condition on a recurring basis as of the dates indicated. No transfers of financial assets or liabilities between levels 1 and 2 occurred during the nine months ended September 30, 2013 or the year ended December 31, 2012.



	Fair-Value Measurements on a Recurring Basis
	as of September 30, 2013
(In millions)	Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)		Impact of Netting⁽¹⁾			Total Net Carrying Value in Consolidated Statement of Condition
Assets:
Trading account assets:
U.S. government securities	$	20								$	20
Non-U.S. government securities	392									392
Other	66		$	438						504
Total trading account assets	478		438							916
Investment securities available for sale:
U.S. Treasury and federal agencies:
Direct obligations	—		738							738
Mortgage-backed securities	—		23,834		$	741				24,575
Asset-backed securities:
Student loans	—		14,503		368					14,871
Credit cards	—		8,602		24					8,626
Sub-prime	—		1,266		—					1,266
Other	—		551		4,350					4,901
Total asset-backed securities	—		24,922		4,742					29,664
Non-U.S. debt securities:
Mortgage-backed securities	—		10,661		340					11,001
Asset-backed securities	—		4,668		799					5,467
Government securities	—		3,541		—					3,541
Other	—		4,159		441					4,600
Total non-U.S. debt securities	—		23,029		1,580					24,609
State and political subdivisions	—		9,254		44					9,298
Collateralized mortgage obligations	—		4,971		187					5,158
Other U.S. debt securities	—		5,036		9					5,045
U.S. equity securities	—		39		—					39
Non-U.S. equity securities	—		2		—					2
U.S. money-market mutual funds	—		680		—					680
Non-U.S. money-market mutual funds	—		174		—					174
Total investment securities available for sale	—		92,679		7,303					99,982
Other assets:
Derivative instruments:
Foreign exchange contracts	—		10,289		77		$	(6,060	)	4,306
Interest-rate contracts	—		58		—		(45		)	13
Other	—		1		—		—			1
Total derivative instruments	—		10,348		77		(6,105		)	4,320
Other	101		—		—		—			101
Total assets carried at fair value	$	579	$	103,465	$	7,380	$	(6,105	)	$	105,319
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts			$	10,206	$	55	$	(4,211	)	$	6,050
Interest-rate contracts			307		—		(59		)	248
Other			—		9		—			9
Total derivative instruments			10,513		64		(4,270		)	6,307
Other	$	101	—		—		—			101
Total liabilities carried at fair value	$	101	$	10,513	$	64	$	(4,270	)	$	6,408

⁽¹⁾Represents counterparty netting against level-2 financial assets and liabilities, where a legally enforceable master netting agreement exists between State Street and the counterparty. Netting also reflects asset and liability reductions of $2.30 billion and $468 million, respectively, for cash collateral received from and provided to derivative counterparties.



	Fair-Value Measurements on a Recurring Basis
	as of December 31, 2012
(In millions)	Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)		Impact of Netting⁽¹⁾			Total Net Carrying Value in Consolidated Statement of Condition
Assets:
Trading account assets:
U.S. government securities	$	20								$	20
Non-U.S. government securities	391									391
Other	71		$	155						226
Total trading account assets	482		155							637
Investment securities available for sale:
U.S. Treasury and federal agencies:
Direct obligations	3		838							841
Mortgage-backed securities	—		31,387		$	825				32,212
Asset-backed securities:
Student loans	—		15,833		588					16,421
Credit cards	—		9,919		67					9,986
Sub-prime	—		1,399		—					1,399
Other	—		683		3,994					4,677
Total asset-backed securities	—		27,834		4,649					32,483
Non-U.S. debt securities:
Mortgage-backed securities	—		10,850		555					11,405
Asset-backed securities	—		5,694		524					6,218
Government securities	—		3,199		—					3,199
Other	—		4,166		140					4,306
Total non-U.S. debt securities	—		23,909		1,219					25,128
State and political subdivisions	—		7,503		48					7,551
Collateralized mortgage obligations	—		4,837		117					4,954
Other U.S. debt securities	—		5,289		9					5,298
U.S. equity securities	—		31		—					31
Non-U.S. equity securities	—		1		—					1
U.S. money-market mutual funds	—		1,062		—					1,062
Non-U.S. money-market mutual funds	—		121		—					121
Total investment securities available for sale	3		102,812		6,867					109,682
Other assets:
Derivatives instruments:
Foreign exchange contracts	—		9,265		113		$	(4,981	)	4,397
Interest-rate contracts	—		223		—		(64		)	159
Total derivative instruments	—		9,488		113		(5,045		)	4,556
Other	66		2		—		—			68
Total assets carried at fair value	$	551	$	112,457	$	6,980	$	(5,045	)	$	114,943
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts			$	8,978	$	106	$	(4,052	)	$	5,032
Interest-rate contracts			345		—		(19		)	326
Other			—		9		—			9
Total derivative instruments			9,323		115		(4,071		)	5,367
Other	$	66	—		—		—			66
Total liabilities carried at fair value	$	66	$	9,323	$	115	$	(4,071	)	$	5,433

⁽¹⁾Represents counterparty netting against level-2 financial assets and liabilities, where a legally enforceable master netting agreement exists between State Street and the counterparty. Netting also reflects asset and liability reductions of $1.45 billion and $478 million, respectively, for cash collateral received from and provided to derivative counterparties.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation



	Fair-Value Measurements Using Significant Unobservable Inputs
	Nine Months Ended September 30, 2013
	Fair Value as of December 31, 2012		Transfers into Level 3		Transfers out of Level 3			Total Realized and Unrealized Gains (Losses)					Purchases		Issuances	Sales			Settlements			Fair Value as of September 30, 2013		Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30, 2013
(In millions)								Recorded in Revenue		Recorded in Other Comprehensive Income
Assets:
Investment securities available for sale:
U.S. Treasury and federal agencies, mortgage-backed securities	$	825			$	(92	)			$	(1	)	$	92					$	(83	)	$	741
Asset-backed securities:
Student loans	588				(175		)	$	1	6			—			$	(26	)	(26		)	368
Credit cards	67				—			—		—			—			—			(43		)	24
Other	3,994				—			40		25			1,358			(33		)	(1,034		)	4,350
Total asset-backed securities	4,649				(175		)	41		31			1,358			(59		)	(1,103		)	4,742
Non-U.S. debt securities:
Mortgage-backed securities	555				(208		)	—		(1		)	—			—			(6		)	340
Asset-backed securities	524		$	139	(181		)	4		2			399			—			(88		)	799
Other	140		—		(40		)	—		—			328			—			13			441
Total non-U.S. debt securities	1,219		139		(429		)	4		1			727			—			(81		)	1,580
State and political subdivisions	48		—		—			—		(1		)	—			—			(3		)	44
Collateralized mortgage obligations	117		15		(100		)	1		(5		)	190			—			(31		)	187
Other U.S. debt securities	9		—		—			—		—			—			—			—			9
Total investment securities available for sale	6,867		154		(796		)	46		25			2,367			(59		)	(1,301		)	7,303
Other assets:
Derivative instruments, Foreign exchange contracts	113		—		—			119		—			25			—			(180		)	77		$	29
Total assets carried at fair value	$	6,980	$	154	$	(796	)	$	165	$	25		$	2,392	—	$	(59	)	$	(1,481	)	$	7,380	$	29



	Fair-Value Measurements Using Significant Unobservable Inputs
	Three Months Ended September 30, 2012
	Fair Value as of June 30, 2012		Transfers into Level 3		Transfers out of Level 3			Total Realized and Unrealized Gains (Losses)						Purchases		Issuances	Sales			Settlements			Fair Value as of September 30, 2012		Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30, 2012
(In millions)								Recorded in Revenue			Recorded in Other Comprehensive Income
Assets:
Investment securities available for sale:
U.S. Treasury and federal agencies:
Direct obligations
Mortgage-backed securities	$	933									$	3								$	(30	)	$	906
Asset-backed securities:
Student loans	484							$	1		5									(12		)	478
Credit cards	274				$	(36	)	1			(1		)							—			238
Other	3,094		$	12	(11		)	10			14			$	608					(267		)	3,460
Total asset-backed securities	3,852		12		(47		)	12			18			608						(279		)	4,176
Non-U.S. debt securities:
Mortgage-backed securities	273		—		(147		)	—			—			156						3			285
Asset-backed securities	1,362		—		(676		)	1			4			—						(14		)	677
Other	1		—		—			—			—			193						—			194
Total non-U.S. debt securities	1,636		—		(823		)	1			4			349						(11		)	1,156
State and political subdivisions	49		—		—			—			(1		)	—						—			48
Collateralized mortgage obligations	301		—		(123		)	168			1			—			$	(45	)	(178		)	124
Other U.S. debt securities	—		9		—			—			—			—			—			—			9
Total investment securities available for sale	6,771		21		(993		)	181			25			957			(45		)	(498		)	6,419
Other assets:
Derivative instruments, Foreign exchange contracts	160		—		—			(69		)	—			75			—			(67		)	99		$	(47	)
Total assets carried at fair value	$	6,931	$	21	$	(993	)	$	112		$	25		$	1,032	—	(45		)	$	(565	)	$	6,518	$	(47	)

The following tables present activity related to our level-3 financial assets and liabilities during the three and nine months ended September 30, 2013 and 2012, respectively. Transfers into and out of level 3 are reported as of the beginning of the period. In both the three and nine months ended September 30, 2013 and 2012, transfers out of level 3 were substantially related to certain asset-backed securities and non-U.S. debt securities, for which fair value was measured using prices for which observable market information became available.



	Fair-Value Measurements Using Significant Unobservable Inputs
	Three Months Ended September 30, 2013
	Fair Value as of June 30, 2013		Transfers into Level 3		Transfers out of Level 3			Total Realized and Unrealized Gains (Losses)						Purchases		Issuances	Sales			Settlements			Fair Value as of September 30, 2013		Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30, 2013
(In millions)								Recorded in Revenue			Recorded in Other Comprehensive Income
Assets:
Investment securities available for sale:
U.S. Treasury and federal agencies, mortgage-backed securities	$	864			$	(93	)				$	(1	)							$	(29	)	$	741
Asset-backed securities:
Student loans	380				—						(2		)							(10		)	368
Credit cards	24				—						—									—			24
Other	3,848				—			$	13		(5		)	$	793		$	(24	)	(275		)	4,350
Total asset-backed securities	4,252				—			13			(7		)	793			(24		)	(285		)	4,742
Non-U.S. debt securities:
Mortgage-backed securities	328				—			—			(1		)	—			—			13			340
Asset-backed securities	756				(104		)	1			1			164			—			(19		)	799
Other	281				—			—			(1		)	149			—			12			441
Total non-U.S. debt securities	1,365				(104		)	1			(1		)	313			—			6			1,580
State and political subdivisions	45				—			—			(1		)	—						—			44
Collateralized mortgage obligations	238		$	15	(100		)	—			(5		)	50			—			(11		)	187
Other U.S. debt securities	9		—		—			—			—			—			—			—			9
Total investment securities available for sale	6,773		15		(297		)	14			(15		)	1,156			(24		)	(319		)	7,303
Other assets:
Derivative instruments, Foreign exchange contracts	121		—		—			(21		)	—			7			—			(30		)	77		$	(16	)
Total assets carried at fair value	$	6,894	$	15	$	(297	)	$	(7	)	$	(15	)	$	1,163	—	$	(24	)	$	(349	)	$	7,380	$	(16	)



	Fair-Value Measurements Using Significant Unobservable Inputs
	Nine Months Ended September 30, 2012
	Fair Value as of December 31, 2011		Transfers into Level 3		Transfers out of Level 3			Total Realized and Unrealized Gains (Losses)						Purchases		Issuances	Sales			Settlements			Fair Value as of September 30, 2012		Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30, 2012
(In millions)								Recorded in Revenue			Recorded in Other Comprehensive Income
Assets:
Investment securities available for sale:
U.S. Treasury and federal agencies:
Mortgage-backed securities	$	1,189	$	50	$	(251	)				$	3								$	(85	)	$	906
Asset-backed securities:
Student loans	860		—		(341		)	$	2		(5		)							(38		)	478
Credit cards	91		21		(36		)	4			(5		)	$	224		$	(61	)	—			238
Other	2,798		12		(11		)	31			39			1,177			(12		)	(574		)	3,460
Total asset-backed securities	3,749		33		(388		)	37			29			1,401			(73		)	(612		)	4,176
Non-U.S. debt securities:
Mortgage-backed securities	1,457		—		(1,642		)	—			3			463			—			4			285
Asset-backed securities	1,768		—		(2,243		)	1			4			1,206			—			(59		)	677
Other	71		—		(372		)	—			(3		)	500			—			(2		)	194
Total non-U.S. debt securities	3,296		—		(4,257		)	1			4			2,169			—			(57		)	1,156
State and political subdivisions	50		—		—			—			—			—						(2		)	48
Collateralized mortgage obligations	227		44		(314		)	369			1			283			(45		)	(441		)	124
Other U.S. debt securities	2		9		—			—			—			—			—			(2		)	9
Total investment securities available for sale	8,513		136		(5,210		)	407			37			3,853			(118		)	(1,199		)	6,419
Other assets:
Derivative instruments:
Foreign exchange contracts	168		—		—			(127		)	—			162			—			(104		)	99		$	(71	)
Interest-rate contracts	10		—		—			(10		)	—			—			—			—			—		—
Total derivative instruments	178		—		—			(137		)	—			162			—			(104		)	99		(71		)
Total assets carried at fair value	$	8,691	$	136	$	(5,210	)	$	270		$	37		$	4,015	—	$	(118	)	$	(1,303	)	$	6,518	$	(71	)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation



	Fair-Value Measurements Using Significant Unobservable Inputs
	Nine Months Ended September 30, 2013
	Fair Value as of December 31, 2012		Transfers into Level 3	Transfers out of Level 3	Total Realized and Unrealized (Gains) Losses			Purchases	Issuances		Sales	Settlements			Fair Value as of September 30, 2013		Change in Unrealized (Gains) Losses Related to Financial Instruments Held as of September 30, 2013
(In millions)					Recorded in Revenue		Recorded in Other Comprehensive Income
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts	$	106			$	59			$	24		$	(134	)	$	55	$	15
Other	9				—				—			—			9		—
Total derivative instruments	115				59				24			(134		)	64		15
Total liabilities carried at fair value	$	115	—	—	$	59	—	—	$	24	—	$	(134	)	$	64	$	15



	Fair-Value Measurements Using Significant Unobservable Inputs
	Three Months Ended September 30, 2012
	Fair Value as of June 30, 2012		Transfers into Level 3	Transfers out of Level 3	Total Realized and Unrealized (Gains) Losses				Purchases	Issuances		Sales	Settlements			Fair Value as of September 30, 2012		Change in Unrealized (Gains) Losses Related to Financial Instruments Held as of September 30, 2012
(In millions)					Recorded in Revenue			Recorded in Other Comprehensive Income
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts	$	157			$	(58	)			$	76		$	(75	)	$	100	$	(43	)
Other	9				—					—			—			9		—
Total derivative instruments	166				(58		)			76			(75		)	109		(43		)
Total liabilities carried at fair value	$	166	—	—	$	(58	)	—	—	$	76	—	$	(75	)	$	109	$	(43	)



	Fair-Value Measurements Using Significant Unobservable Inputs
	Nine Months Ended September 30, 2012
	Fair Value as of December 31, 2011		Transfers into Level 3	Transfers out of Level 3	Total Realized and Unrealized (Gains) Losses				Purchases	Issuances		Sales	Settlements			Fair Value as of September 30, 2012		Change in Unrealized (Gains) Losses Related to Financial Instruments Held as of September 30, 2012
(In millions)	Fair Value as of December 31, 2011		Transfers into Level 3	Transfers out of Level 3	Recorded in Revenue			Recorded in Other Comprehensive Income	Purchases	Issuances		Sales	Settlements			Fair Value as of September 30, 2012
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts	$	161			$	(131	)			$	162		$	(92	)	$	100	$	(70	)
Interest-rate contracts	11				(11		)			—			—			—		—
Other	9				—					—			—			9		—
Total derivative instruments	181				(142		)			162			(92		)	109		(70		)
Other	20				—					—			(20		)	—
Total liabilities carried at fair value	$	201	—	—	$	(142	)	—	—	$	162	—	$	(112	)	$	109	$	(70	)



	Fair-Value Measurements Using Significant Unobservable Inputs
	Three Months Ended September 30, 2013
	Fair Value as of June 30, 2013		Transfers into Level 3	Transfers out of Level 3	Total Realized and Unrealized (Gains) Losses				Purchases	Issuances		Sales	Settlements			Fair Value as of September 30, 2013		Change in Unrealized (Gains) Losses Related to Financial Instruments Held as of September 30, 2013
(In millions)					Recorded in Revenue			Recorded in Other Comprehensive Income
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts	$	108			$	(17	)			$	5		$	(41	)	$	55	$	(15	)
Other	9				—					—			—			9		—
Total derivative instruments	117				(17		)			5			(41		)	64		(15		)
Total liabilities carried at fair value	$	117	—	—	$	(17	)	—	—	$	5	—	$	(41	)	$	64	$	(15	)

Level 3 Total Realized And Unrealized Gains And Losses Recorded In Revenue

The following table presents total realized and unrealized gains and losses, for the periods indicated, that were recorded in revenue for our level-3 financial assets and liabilities:



	Three Months Ended September 30,												Nine Months Ended September 30,
	Total Realized and Unrealized Gains (Losses) Recorded in Revenue						Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30,						Total Realized and Unrealized Gains (Losses) Recorded in Revenue				Change in Unrealized Gains (Losses) Related to Financial Instruments Held as of September 30,
(In millions)	2013			2012			2013			2012			2013		2012		2013		2012
Fee revenue:
Trading services	$	(4	)	$	(11	)	$	(1	)	$	(4	)	$	60	$	5	$	14	$	(1	)
Total fee revenue	(4		)	(11		)	(1		)	(4		)	60		5		14		(1		)
Net interest revenue	14			181			—			—			46		407		—		—
Total revenue	$	10		$	170		$	(1	)	(4		)	$	106	$	412	$	14	$	(1	)

Fair Value Inputs, Assets and Liabilities, Quantitative Information

The following table presents quantitative information, as of the dates indicated, about the valuation techniques and significant unobservable inputs used in the valuation of our level-3 financial assets and liabilities measured at fair value on a recurring basis for which we use internally-developed pricing models. The significant unobservable inputs for our level-3 financial assets and liabilities whose fair value is measured using pricing information from non-binding broker or dealer quotes are not included in the table, as the specific inputs applied are not provided by the broker/dealer.



	Quantitative Information about Level-3 Fair-Value Measurements
	Fair Value						Weighted-Average
(Dollars in millions)	As of September 30, 2013		As of December 31, 2012		Valuation Technique	Significant Unobservable Input	As of September 30, 2013		As of December 31, 2012
Significant unobservable inputs readily available to State Street:
Assets:
Asset-backed securities, student loans	$	13	$	12	Discounted cash flows	Credit spread	4.4	%	6.7	%
Asset-backed securities, credit cards	24		67		Discounted cash flows	Credit spread	2.1		7.1
Asset-backed securities, other	101		103		Discounted cash flows	Credit spread	1.0		1.5
State and political subdivisions	44		48		Discounted cash flows	Credit spread	2.0		1.9
Derivative instruments, foreign exchange contracts	77		113		Option model	Volatility	13.3		9.8
Total	$	259	$	343

Liabilities:
Derivative instruments, foreign exchange contracts	$	55	$	106	Option model	Volatility	13.1		9.8
Derivative instruments, other	9		9		Discounted cash flows	Participant redemptions	7.1		6.7
Total	$	64	$	115

Schedule of Availability of Significant Unobservable Inputs by Balance Sheet Classification

The following tables present information with respect to the composition of our level-3 financial assets and liabilities, by availability of significant unobservable inputs, as of the dates indicated:



September 30, 2013	Significant Unobservable Inputs Readily Available to State Street⁽¹⁾		Significant Unobservable Inputs Not Developed by State Street and Not Readily Available⁽²⁾		Total Assets and Liabilities with Significant Unobservable Inputs
(In millions)
Assets:
U.S. Treasury and federal agencies, mortgage-backed securities	$	—	$	741	$	741
Asset-backed securities, student loans	13		355		368
Asset-backed securities, credit cards	24		—		24
Asset-backed securities, other	101		4,249		4,350
Non-U.S. debt securities, mortgage-backed securities	—		340		340
Non-U.S. debt securities, asset-backed securities	—		799		799
Non-U.S. debt securities, other	—		441		441
State and political subdivisions	44		—		44
Collateralized mortgage obligations	—		187		187
Other U.S.debt securities	—		9		9
Derivative instruments, foreign exchange contracts	77		—		77
Total	$	259	$	7,121	$	7,380

Liabilities:
Derivative instruments, foreign exchange contracts	$	55	—		$	55
Derivative instruments, other	9		—		9
Total	$	64	—		$	64



December 31, 2012	Significant Unobservable Inputs Readily Available to State Street⁽¹⁾		Significant Unobservable Inputs Not Developed by State Street and Not Readily Available⁽²⁾		Total Assets and Liabilities with Significant Unobservable Inputs
(In millions)
Assets:
U.S. Treasury and federal agencies, mortgage-backed securities	$	—	$	825	$	825
Asset-backed securities, student loans	12		576		588
Asset-backed securities, credit cards	67		—		67
Asset-backed securities, other	103		3,891		3,994
Non-U.S. debt securities, mortgage-backed securities	—		555		555
Non-U.S. debt securities, asset-backed securities	—		524		524
Non-U.S. debt securities, other	—		140		140
State and political subdivisions	48		—		48
Collateralized mortgage obligations	—		117		117
Other U.S.debt securities	—		9		9
Derivative instruments, foreign exchange contracts	113		—		113
Total	$	343	$	6,637	$	6,980

Liabilities:
Derivative instruments, foreign exchange contracts	$	106	—		$	106
Derivative instruments, other	9		—		9
Total	$	115	—		$	115

⁽¹⁾Information with respect to these model-priced financial assets and liabilities is provided in the preceding table.

⁽²⁾Fair value for these financial assets is measured using non-binding broker or dealer quotes.

Carrying Value and Estimated Fair Value of Financial Instruments by Fair Value Hierarchy

The following tables present the reported amounts and estimated fair values of the financial instruments defined by GAAP, excluding financial assets and liabilities carried at fair value on a recurring basis, as they would be categorized within the fair-value hierarchy, as of the dates indicated.



					Fair-Value Hierarchy
September 30, 2013	Reported Amount		Estimated Fair Value		Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)
(In millions)
Financial Assets:
Cash and due from banks	$	3,896	$	3,896	$	3,896	$	—	$	—
Interest-bearing deposits with banks	38,636		38,636		—		38,636		—
Securities purchased under resale agreements	5,827		5,827		—		5,827		—
Investment securities held to maturity	16,698		16,543		—		16,543		—
Loans (excluding leases)	14,445		14,431		—		13,968		463
Financial Liabilities:
Deposits:
Noninterest-bearing	$	45,679	$	45,679	$	—	$	45,679	$	—
Interest-bearing - U.S.	6,575		6,575		—		6,575		—
Interest-bearing - non-U.S.	101,945		101,945		—		101,945		—
Securities sold under repurchase agreements	10,123		10,123		—		10,123		—
Federal funds purchased	94		94		—		94		—
Other short-term borrowings	3,657		3,657		—		3,657		—
Long-term debt	8,748		9,101		—		8,125		976



					Fair-Value Hierarchy
December 31, 2012	Reported Amount		Estimated Fair Value		Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)
(In millions)
Financial Assets:
Cash and due from banks	$	2,590	$	2,590	$	2,590	$	—	$	—
Interest-bearing deposits with banks	50,763		50,763		—		50,763		—
Securities purchased under resale agreements	5,016		5,016		—		5,016		—
Investment securities held to maturity	11,379		11,661		—		11,661		—
Loans (excluding leases)	11,121		11,166		—		10,276		890
Financial Liabilities:
Deposits:
Noninterest-bearing	$	44,445	$	44,445	$	—	$	44,445	$	—
Interest-bearing - U.S.	19,201		19,201		—		19,201		—
Interest-bearing - non-U.S.	100,535		100,535		—		100,535		—
Securities sold under repurchase agreements	8,006		8,006		—		8,006		—
Federal funds purchased	399		399		—		399		—
Other short-term borrowings	4,502		4,502		—		4,502		—
Long-term debt	7,429		7,780		—		6,871		909

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details