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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025
(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— 122 — 122 
Other— 587 — 587 
Total trading account assets$34 $709 $— $743 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations27,380 — — $27,380 
Mortgage-backed securities— 12,749 — 12,749 
Total U.S. Treasury and federal agencies27,380 12,749 — 40,129 
Non-U.S. debt securities:
Mortgage-backed securities— 2,471 — 2,471 
Asset-backed securities— 1,996 — 1,996 
Non-U.S. sovereign, supranational and non-U.S. agency— 16,059 — 16,059 
Other— 3,129 — 3,129 
Total non-U.S. debt securities— 23,655 — 23,655 
Asset-backed securities:
Student loans— 87 — 87 
Collateralized loan obligations— 3,393 — 3,393 
Non-agency CMBS and RMBS(2)
— 4 — 4 
Other— 91 — 91 
Total asset-backed securities— 3,575 — 3,575 
State and political subdivisions— 56 — 56 
Other U.S. debt securities— 29 — 29 
Total available-for-sale investment securities$27,380 $40,064 $— $67,444 
Other assets:
Derivative instruments:
Foreign exchange contracts$— $18,411 $2 $(11,153)$7,260 
Interest rate contracts— 32 — (32)— 
Total derivative instruments— 18,443 2 (11,185)7,260 
Other19 785 — — 804 
Total assets carried at fair value$27,433 $60,001 $2 $(11,185)$76,251 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts8 18,490 — (11,421)$7,077 
Interest rate contracts21 — — — 21 
Other derivative contracts— 205 — — 205 
Total derivative instruments29 18,695 — (11,421)7,303 
Total liabilities carried at fair value$29 $18,695 $— $(11,421)$7,303 
(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 $1.68 billion and $1.92 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, 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— 121 — 121 
Other— 613 — 613 
Total trading account assets$34 $734 $— $768 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$23,525 $— $— $23,525 
Mortgage-backed securities— 10,566 — 10,566 
Total U.S. Treasury and federal agencies23,525 10,566 — 34,091 
Non-U.S. debt securities:
Mortgage-backed securities— 2,430 — 2,430 
Asset-backed securities— 1,868 — 1,868 
Non-U.S. sovereign, supranational and non-U.S. agency— 13,939 — 13,939 
Other— 2,821 — 2,821 
Total non-U.S. debt securities— 21,058 — 21,058 
Asset-backed securities:
Student loans— 90 — 90 
Collateralized loan obligations— 3,453 — 3,453 
Non-agency CMBS and RMBS(2)
— 4 — 4 
Other— 91 — 91 
Total asset-backed securities— 3,638 — 3,638 
State and political subdivisions— 56 — 56 
Other U.S. debt securities— 52 — 52 
Total available-for-sale investment securities$23,525 $35,370 $— $58,895 
Other assets:
Derivative instruments:
Foreign exchange contracts$16 $29,422 $1 $(18,262)$11,177 
Interest rate contracts5 23 — (23)5 
Other derivative contracts1 — — — 1 
Total derivative instruments22 29,445 1 (18,285)11,183 
Other20 747 — — 767 
Total assets carried at fair value$23,601 $66,296 $1 $(18,285)$71,613 
Liabilities:
Accrued expenses and other liabilities:
Trading account liabilities:
Derivative instruments:
Foreign exchange contracts$— $28,904 $— $(22,527)$6,377 
Interest rate contracts— 1 — (1)— 
Other derivative contracts— 219 — — 219 
Total derivative instruments— 29,124 — (22,528)6,596 
Total liabilities carried at fair value$— $29,124 $— $(22,528)$6,596 
(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 $1.86 billion and $6.10 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)
March 31, 2025
Financial Assets:    
Cash and due from banks$4,658 $4,658 $4,658 $— $— 
Interest-bearing deposits with banks119,464 119,464 — 119,464 — 
Securities purchased under resale agreements7,971 7,971 — 7,971 — 
Investment securities held-to-maturity45,505 40,424 4,376 36,048 — 
Net loans(1)
44,509 44,315 — 42,564 1,751 
Other(2)
9,742 9,742 — 9,742 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$32,265 $32,265 $— $32,265 $— 
   Interest-bearing - U.S.168,362 168,362 — 168,362 — 
   Interest-bearing - non-U.S.71,429 71,429 — 71,429 — 
Securities sold under repurchase agreements3,524 3,524 — 3,524 — 
Other short-term borrowings11,849 11,849 — 11,849 — 
Long-term debt24,846 24,614 — 24,510 104 
Other(2)
9,742 9,742 — 9,742 — 
(1) Includes $20 million of loans classified as held-for-sale that were measured at fair value in level 2 as of March 31, 2025.
(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, 2024
Financial Assets:
Cash and due from banks$3,145 $3,145 $3,145 $— $— 
Interest-bearing deposits with banks112,957 112,957 — 112,957 — 
Securities purchased under resale agreements6,679 6,679 — 6,679 — 
Investment securities held-to-maturity47,727 41,906 5,354 36,552 — 
Net loans(1)
43,026 42,839 — 41,097 1,742 
Other(2)
6,752 6,752 — 6,752 — 
Financial Liabilities:
Deposits:
  Non-interest-bearing$33,180 $33,180 $— $33,180 $— 
  Interest-bearing - U.S.166,483 166,483 — 166,483 — 
  Interest-bearing - non-U.S.62,257 62,257 — 62,257 — 
Securities sold under repurchase agreements3,681 3,681 — 3,681 — 
Other short-term borrowings9,840 9,840 — 9,840 — 
Long-term debt23,272 23,078 — 22,882 196 
Other(2)
6,752 6,752 — 6,752 — 
(1) Includes $14 million of loans classified as held-for-sale that were measured at fair value in level 2 as of December 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.