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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Carried at Fair Value
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, 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$35 $— $— $35 
Non-U.S. government securities— 136 — 136 
Other— 631 — 631 
Total trading account assets$35 $767 $— $802 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$19,124 $— $— $19,124 
Mortgage-backed securities— 11,260 — 11,260 
Total U.S. Treasury and federal agencies19,124 11,260 — 30,384 
Non-U.S. debt securities:
Mortgage-backed securities— 2,537 — 2,537 
Asset-backed securities— 2,293 — 2,293 
Non-U.S. sovereign, supranational and non-U.S. agency— 15,289 — 15,289 
Other— 2,896 — 2,896 
Total non-U.S. debt securities— 23,015 — 23,015 
Asset-backed securities:
Student loans— 93 — 93 
Collateralized loan obligations— 3,058 — 3,058 
Non-agency CMBS and RMBS(2)
— 5 — 5 
Other— 91 — 91 
Total asset-backed securities— 3,247 — 3,247 
State and political subdivisions— 151 — 151 
Other U.S. debt securities— 56 — 56 
Total available-for-sale investment securities$19,124 $37,729 $— $56,853 
Other assets:
Derivative instruments:
Foreign exchange contracts$1 $19,896 $3 $(15,576)$4,324 
Interest rate contracts31 22 — (22)31 
Total derivative instruments32 19,918 3 (15,598)4,355 
Other22 663 — — 685 
Total assets carried at fair value$19,213 $59,077 $3 $(15,598)$62,695 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$4 $20,427 $— $(13,537)$6,894 
Interest rate contracts— 1 — (1)— 
Other derivative contracts— 157 — — 157 
Total derivative instruments4 20,585 — (13,538)7,051 
Total liabilities carried at fair value$4 $20,585 $— $(13,538)$7,051 
(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 $3.60 billion and $1.54 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.
Schedule of Reported and Estimated Fair Values of Financial Assets and Liabilities Not Carried at Fair Value
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, 2024
Financial Assets:    
Cash and due from banks$4,067 $4,067 $4,067 $— $— 
Interest-bearing deposits with banks105,121 105,121 — 105,121 — 
Securities purchased under resale agreements8,334 8,334 — 8,334 — 
Investment securities held-to-maturity49,477 44,925 5,515 39,410 — 
Net loans41,799 41,632 — 39,849 1,783 
Other(1)
6,744 6,744 — 6,744 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$31,448 $31,448 $— $31,448 $— 
   Interest-bearing - U.S.145,527 145,527 — 145,527 — 
   Interest-bearing - non-U.S.70,454 70,454 — 70,454 — 
Securities sold under repurchase agreements2,119 2,119 — 2,119 — 
Other short-term borrowings10,018 10,018 — 10,018 — 
Long-term debt20,902 20,895 — 20,671 224 
Other(1)
6,744 6,744 — 6,744 — 
(1) 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.