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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024
(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$34 $— $— $34 
Non-U.S. government securities— 133 — 133 
Other— 593 — 593 
Total trading account assets$34 $726 $— $760 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$11,729 $— $— $11,729 
Mortgage-backed securities— 11,089 — 11,089 
Total U.S. Treasury and federal agencies11,729 11,089 — 22,818 
Non-U.S. debt securities:
Mortgage-backed securities— 1,960 — 1,960 
Asset-backed securities— 2,165 — 2,165 
Non-U.S. sovereign, supranational and non-U.S. agency— 15,321 — 15,321 
Other— 2,691 — 2,691 
Total non-U.S. debt securities— 22,137 — 22,137 
Asset-backed securities:
Student loans— 108 — 108 
Collateralized loan obligations— 2,751 — 2,751 
Non-agency CMBS and RMBS(2)
— 212 — 212 
Other— 91 — 91 
Total asset-backed securities— 3,162 — 3,162 
State and political subdivisions— 340 — 340 
Other U.S. debt securities183 183 
Total available-for-sale investment securities$11,729 $36,911 $— $48,640 
Other assets:
Derivative instruments:
Foreign exchange contracts$— $13,420 $2 $(8,485)$4,937 
Interest rate contracts— 11 — (11)— 
Total derivative instruments— 13,431 2 (8,496)4,937 
Other12 633 — — 645 
Total assets carried at fair value$11,775 $51,701 $2 $(8,496)$54,982 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$1 $12,786 $— $(9,707)$3,080 
Interest rate contracts— 4 — (4)— 
Other derivative contracts— 178 — — 178 
Total derivative instruments1 12,968 — (9,711)3,258 
Total liabilities carried at fair value$1 $12,968 $— $(9,711)$3,258 
(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 $0.76 billion and $1.98 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, 2023
(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$36 $— $— $36 
Non-U.S. government securities— 138 — 138 
Other— 599 — 599 
Total trading account assets$36 $737 $— $773 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$8,301 $— $— $8,301 
Mortgage-backed securities— 10,755 — 10,755 
Total U.S. Treasury and federal agencies8,301 10,755 — 19,056 
Non-U.S. debt securities:
Mortgage-backed securities— 1,857 — 1,857 
Asset-backed securities— 2,137 — 2,137 
Non-U.S. sovereign, supranational and non-U.S. agency— 15,100 — 15,100 
Other— 2,735 — 2,735 
Total non-U.S. debt securities— 21,829 — 21,829 
Asset-backed securities:
Student loans— 114 — 114 
Collateralized loan obligations— 2,527 — 2,527 
Non-agency CMBS and RMBS(2)
— 249 — 249 
Other— 90 — 90 
Total asset-backed securities— 2,980 — 2,980 
State and political subdivisions— 355 — 355 
Other U.S. debt securities— 306 — 306 
Total available-for-sale investment securities$8,301 $36,225 $— $44,526 
Other assets:
Derivative instruments:
Foreign exchange contracts$— $19,690 $4 $(14,387)$5,307 
Interest rate contracts— 13 — (13)— 
Total derivative instruments— 19,703 4 (14,400)5,307 
Other11 640 — — 651 
Total assets carried at fair value$8,348 $57,305 $4 $(14,400)$51,257 
Liabilities:
Accrued expenses and other liabilities:
Trading account liabilities:
Derivative instruments:
Foreign exchange contracts$1 $19,414 $1 $(11,909)$7,507 
Interest rate contracts4 — — — 4 
Other derivative contracts— 182 — — 182 
Total derivative instruments5 19,596 1 (11,909)7,693 
Total liabilities carried at fair value$5 $19,596 $1 $(11,909)$7,693 
(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 $3.90 billion and $1.41 billion, respectively, for cash collateral received from and provided to derivative counterparties.
(2) Consists entirely of non-agency CMBS.
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)
March 31, 2024
Financial Assets:    
Cash and due from banks$3,413 $3,413 $3,413 $— $— 
Interest-bearing deposits with banks125,486 125,486 — 125,486 — 
Securities purchased under resale agreements7,489 7,489 — 7,489 — 
Investment securities held-to-maturity52,914 46,823 5,918 40,905 — 
Net loans(1)
38,500 38,266 — 36,300 1,966 
Other(2)
6,866 6,866 — 6,866 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$37,367 $37,367 $— $37,367 $— 
   Interest-bearing - U.S.148,485 148,485 — 148,485 — 
   Interest-bearing - non-U.S.66,032 66,032 — 66,032 — 
Securities sold under repurchase agreements3,576 3,576 — 3,576 — 
Other short-term borrowings11,541 11,541 — 11,541 — 
Long-term debt19,746 19,361 — 19,156 205 
Other(2)
6,866 6,866 — 6,866 — 
(1) Includes $17 million of loans classified as held-for-sale that were measured at fair value in level 2 as of March 31, 2024.
(2) Represents a portion of underlying client assets related to our prime services business, which clients have allowed us to transfer and re-pledge.
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, 2023
Financial Assets:
Cash and due from banks$4,047 $4,047 $4,047 $— $— 
Interest-bearing deposits with banks87,665 87,665 — 87,665 — 
Securities purchased under resale agreements6,692 6,692 — 6,692 — 
Investment securities held-to-maturity57,117 51,503 8,409 43,094 — 
Net loans36,496 36,335 — 34,308 2,027 
Other(1)
6,866 6,866 — 6,866 — 
Financial Liabilities:
Deposits:
  Non-interest-bearing$32,569 $32,569 $— $32,569 $— 
  Interest-bearing - U.S.121,738 121,738 — 121,738 — 
  Interest-bearing - non-U.S.66,663 66,663 — 66,663 — 
Securities sold under repurchase agreements1,867 1,867 — 1,867 — 
Other short-term borrowings3,660 3,660 — 3,660 — 
Long-term debt18,839 18,417 — 18,216 201 
Other(1)
6,866 6,866 — 6,866 — 
(1) Represents a portion of underlying client assets related to our prime services business, which clients have allowed us to transfer and re-pledge.