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Net Interest Income - Components of Interest Revenue and Interest Expenses (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Interest-bearing deposits with banks $ 0 $ (6) $ (13) $ 79
Investment securities:        
Investment securities available-for-sale 150 169 435 609
Investment securities held-to-maturity 158 171 501 631
Investment securities purchased under money market liquidity facility 0 25 4 103
Total investment securities 308 365 940 1,343
Securities purchased under resale agreements 6 20 19 109
Loans 168 138 466 479
Other interest-earning assets 5 3 13 52
Total interest income 487 520 1,425 2,062
Interest expense:        
Interest-bearing deposits (62) (61) (196) (47)
Short-term borrowings under money market liquidity facility 0 23 4 87
Securities sold under repurchase agreements 0 0 0 3
Other short-term borrowings 0 2 1 17
Long-term debt 51 69 165 252
Other interest-bearing liabilities 11 9 30 49
Total interest expense 0 42 4 361
Net interest income $ 487 $ 478 $ 1,421 $ 1,701