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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
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:
Fair Value Measurements on a Recurring Basis
As of September 30, 2022
(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$39 $— $— $39 
Non-U.S. government securities— 118 — 118 
Other— 528 — 528 
Total trading account assets39 646 — 685 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations7,856 — — 7,856 
Mortgage-backed securities— 9,403 — 9,403 
Total U.S. Treasury and federal agencies7,856 9,403 — 17,259 
Non-U.S. debt securities:
Mortgage-backed securities— 1,662 — 1,662 
Asset-backed securities— 1,640 — 1,640 
Non-U.S. sovereign, supranational and non-U.S. agency— 13,674 — 13,674 
Other— 2,084 — 2,084 
Total non-U.S. debt securities— 19,060 — 19,060 
Asset-backed securities:
Student loans— 133 — 133 
Collateralized loan obligations— 2,317 — 2,317 
Non-agency CMBS and RMBS(2)
— 215 — 215 
Other— 88 — 88 
Total asset-backed securities— 2,753 — 2,753 
State and political subdivisions— 924 — 924 
Other U.S. debt securities— 990 — 990 
Total available-for-sale investment securities7,856 33,130 — 40,986 
Other assets:
Derivative instruments:
Foreign exchange contracts2 30,117 15 $(18,950)11,184 
Interest rate contracts— — — — — 
Total derivative instruments2 30,117 15 (18,950)11,184 
Other7 662 — — 669 
Total assets carried at fair value$7,904 $64,555 $15 $(18,950)$53,524 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$4 $30,404 $8 $(22,346)$8,070 
Interest rate contracts4 — — — 4 
Other derivative contracts— 245 — — 245 
Total derivative instruments8 30,649 8 (22,346)8,319 
Total liabilities carried at fair value$8 $30,649 $8 $(22,346)$8,319 
(1) Represents counterparty netting against level 2 financial assets and liabilities where a legally enforceable master netting agreement exists between us and the counterparty. Netting also reflects asset and liability reductions of $2.41 billion and $5.81 billion, respectively, for cash collateral received from and provided to derivative counterparties.
(2) Consists entirely of non-agency CMBS.
Fair Value Measurements on a Recurring Basis
As of December 31, 2021
(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$39 $— $— $39 
Non-U.S. government securities— 134 — 134 
Other— 585 — 585 
Total trading account assets39 719 — 758 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations17,939 — — 17,939 
Mortgage-backed securities— 18,208 — 18,208 
Total U.S. Treasury and federal agencies17,939 18,208 — 36,147 
Non-U.S. debt securities:
Mortgage-backed securities— 1,995 — 1,995 
Asset-backed securities— 2,087 — 2,087 
Non-U.S. sovereign, supranational and non-U.S. agency— 23,547 — 23,547 
Other— 3,098 — 3,098 
Total non-U.S. debt securities— 30,727 — 30,727 
Asset-backed securities:
Student loans— 211 — 211 
Collateralized loan obligations— 2,155 — 2,155 
Non-agency CMBS and RMBS(2)
— 52 — 52 
Other— 91 — 91 
Total asset-backed securities— 2,509 — 2,509 
State and political subdivisions— 1,272 — 1,272 
Other U.S. debt securities— 2,744 — 2,744 
Total available-for-sale investment securities17,939 55,460 — 73,399 
Other assets:
Derivative instruments:
Foreign exchange contracts2 15,183 — $(11,079)4,106 
Interest rate contracts2 — — — 2 
Total derivative instruments4 15,183 — (11,079)4,108 
Other— 667 — — 667 
Total assets carried at fair value$17,982 $72,029 $— $(11,079)$78,932 
Liabilities:
Accrued expenses and other liabilities:
Trading account liabilities:
Derivative instruments:
Foreign exchange contracts1 15,824 — (10,395)5,430 
Other derivative contracts— 301 — — 301 
Total derivative instruments1 16,125 — (10,395)5,731 
Total liabilities carried at fair value$1 $16,125 $— $(10,395)$5,731 
(1) Represents counterparty netting against level 2 financial assets and liabilities where a legally enforceable master netting agreement exists between us and the counterparty. Netting also reflects asset and liability reductions of $1.97 billion and $1.28 billion, respectively, for cash collateral received from and provided to derivative counterparties.
(2) Consists entirely of non-agency CMBS.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present activity related to our level 3 financial assets during the three and nine months ended September 30, 2022 and 2021, respectively. Transfers into and out of level 3 are reported as of the beginning of the period presented. During both the three and nine months ended September 30, 2022, there were no transfers into and out of level 3. During the three months ended September 30, 2021, there were no transfers into level 3. During the nine months ended September 30, 2021, transfers into level 3 were primarily related to a U.S. corporate bond, for which fair value was measured using information obtained from third party sources, including non-binding broker/dealer quotes. During the three and nine months ended September 30, 2021, transfers out of level 3 were primarily related to collateralized loan obligations and a U.S. corporate bond, 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, 2022
 Fair Value as of June 30, 2022
Total Realized and
Unrealized Gains (Losses)(1)
PurchasesSalesSettlements
Transfers into
Level 3
Transfers
out of Level 3
Fair Value 
as of September 30, 2022(1)
Change in Unrealized Gains (Losses) Related to Financial Instruments
Held as of
September 30, 2022
(In millions)
Recorded in Revenue(1)
Recorded in Other Comprehensive Income(1)
Assets:
Other assets:
Derivative instruments:
Foreign exchange contracts$15 $7 $— $5 $— $(12)$— $— $15 $8 
Total derivative instruments15 7 — 5 — (12)— — 15 8 
Total assets carried at fair value$15 $7 $— $5 $— $(12)$— $— $15 $8 
(1) Total realized and unrealized gains (losses) on derivative instruments are included within foreign exchange trading services.
Fair Value Measurements Using Significant Unobservable Inputs
 Nine Months Ended September 30, 2022
 Fair Value as of December 31, 2021
Total Realized and
Unrealized Gains (Losses)(1)
PurchasesSalesSettlements
Transfers into
Level 3
Transfers
out of Level 3
Fair Value 
as of September 30, 2022(1)
Change in Unrealized Gains (Losses) Related to Financial Instruments
Held as of
September 30, 2022
(In millions)
Recorded in Revenue(1)
Recorded in Other Comprehensive Income(1)
Assets:
Other assets:
Derivative instruments:
Foreign exchange contracts$— $6 $— $9 $— $— $— $— $15 $6 
Total derivative instruments— 6 — 9 — — — — 15 6 
Total assets carried at fair value$— $6 $— $9 $— $— $— $— $15 $6 
(1) Total realized and unrealized gains (losses) on derivative instruments are included within foreign exchange trading services.
Fair Value Measurements Using Significant Unobservable Inputs
 Three Months Ended September 30, 2021
 Fair Value as of June 30, 2021
Total Realized and
Unrealized Gains (Losses)(1)
PurchasesSalesSettlementsTransfers
into
Level 3		Transfers
out of
Level 3
Fair Value 
as of September 30, 2021(1)
Change in Unrealized Gains (Losses) Related to Financial Instruments
Held as of
September 30, 2021
(In millions)
Recorded
in
Revenue(1)
Recorded
in Other
Comprehensive
Income(1)
Assets:
Other assets:
Derivative instruments:
Foreign exchange contracts$2 $— $— $1 $— $(1)$— $— $2 $— 
Total derivative instruments2 — — 1 — (1)— — 2 — 
Total assets carried at fair value$2 $— $— $1 $— $(1)$— $— $2 $— 
(1) Total realized and unrealized gains (losses) on AFS investment securities are included within gains (losses) related to investment securities, net. Total realized and unrealized gains (losses) on derivative instruments are included within foreign exchange trading services.
Fair Value Measurements Using Significant Unobservable Inputs
 Nine Months Ended September 30, 2021
 Fair Value as of December 31, 2020
Total Realized and
Unrealized Gains (Losses)(1)
PurchasesSalesSettlementsTransfers
into
Level 3		Transfers
out of
Level 3
Fair Value 
as of September 30, 2021(1)
Change in Unrealized Gains (Losses) Related to Financial Instruments
Held as of
September 30, 2021
(In millions)
Recorded
in
Revenue(1)
Recorded
in Other
Comprehensive
Income(1)
Assets:
Available-for-sale Investment securities:
Asset-backed securities:
Collateralized loan obligations$14 $— $— $106 $— $— $— $(120)$— 
Total asset-backed securities14 — — 106 — — — (120)— 
Other U.S. debt securities— — — — — — 15 (15)— 
Total available-for-sale investment securities14 — — 106 — — 15 (135)— 
Other assets:
Derivative instruments:
Foreign exchange contracts2 (3)— 4 — (1)— — 2 $(1)
Total derivative instruments2 (3)— 4 — (1)— — 2 (1)
Total assets carried at fair value$16 $(3)$— $110 $— $(1)$15 $(135)$2 $(1)
(1) Total realized and unrealized gains (losses) on AFS investment securities are included within gains (losses) related to investment securities, net. Total realized and unrealized gains (losses) on derivative instruments are included within foreign exchange trading services.
Fair Value Inputs, 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/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 ValueRangeWeighted-Average
(Dollars in millions)As of September 30, 2022As of December 31, 2021Valuation Technique
Significant Unobservable Input(1)
As of September 30, 2022As of September 30, 2022As of December 31, 2021
Significant unobservable inputs readily available to State Street: 
Assets:
Derivative Instruments, foreign exchange contracts$15 $— Option modelVolatility4.7 %-24.1%8.5 %15.2 %
Total$15 $— 
Liabilities:
Derivative instruments, foreign exchange contracts$8 $— Option modelVolatility7.6 %-23.9%8.4 %14.7 %
Total$8 $— 
(1) Significant changes in these unobservable inputs may result in significant changes in fair value measurement of the derivative instrument.
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 assets and liabilities not carried at fair value, as they would be categorized within the fair value hierarchy, as of the dates indicated:
 Fair Value Hierarchy
(In millions)Reported Amount Estimated Fair ValueQuoted 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)
September 30, 2022
Financial Assets:    
Cash and due from banks$2,748 2,748 $2,748 $— $— 
Interest-bearing deposits with banks99,199 99,199 — 99,199 — 
Securities purchased under resale agreements1,308 1,308 — 1,308 — 
Investment securities held-to-maturity65,232 58,320 11,268 47,052 — 
Net loans(1)
36,016 35,746 — 33,481 2,265 
Financial Liabilities:
Deposits:
   Non-interest-bearing$55,894 $55,894 $— $55,894 $— 
   Interest-bearing - U.S.105,021 105,021 — 105,021 — 
   Interest-bearing - non-U.S.77,321 77,321 — 77,321 — 
Securities sold under repurchase agreements4,250 4,250 — 4,250 — 
Other short-term borrowings109 109 — 109 — 
Long-term debt13,999 13,069 — 12,913 156 
(1) No loans were classified as held-for-sale that were measured at fair value in level 2 as of September 30, 2022.
Fair Value Hierarchy
(In millions)Reported Amount Estimated Fair ValueQuoted 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)
December 31, 2021
Financial Assets:
Cash and due from banks$3,631 $3,631 $3,631 $— $— 
Interest-bearing deposits with banks106,358 106,358 — 106,358 — 
Securities purchased under resale agreements3,012 3,012 — 3,012 — 
Investment securities held-to-maturity42,430 42,271 2,160 40,111 — 
Net loans(1)
32,445 32,528 — 29,862 2,666 
Other(2)
1 1 — 1 — 
Financial Liabilities:
Deposits:
  Non-interest-bearing$56,461 $56,461 $— $56,461 $— 
  Interest-bearing - U.S.102,985 102,985 — 102,985 — 
  Interest-bearing - non-U.S.95,589 95,589 — 95,589 — 
Securities sold under repurchase agreements1,575 1,575 — 1,575 — 
Other short-term borrowings128 128 — 128 — 
Long-term debt13,475 13,552 — 13,385 167 
Other(2)
1 1 — 1 — 
(1) Includes $8 million of loans classified as held-for-sale that were measured at fair value in level 2 as of December 31, 2021.
(2) Represents a portion of underlying client assets related to our enhanced custody business, which clients have allowed us to transfer and re-pledge.