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Short-Term Borrowings
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Short-Term Borrowings Short-Term Borrowings
Our short-term borrowings primarily include securities sold under repurchase agreements and FHLB funding recorded in other short-term borrowings.
Collectively, short-term borrowings had weighted-average interest rates of 4.49% and 5.03% in 2025 and 2024, respectively.
The following tables present information with respect to the amounts outstanding and weighted-average interest rates of the primary components of our short-term borrowings as of and for the years ended December 31:
(Dollars in millions)Securities Sold Under
Repurchase Agreements
Other(1)
2025202420252024
Balance as of December 31$841 $3,681 $3,750 $9,815 
Average outstanding during the year2,198 3,163 9,396 11,128 
Weighted-average interest rate as of year-end0.73 %5.62 %4.33 %4.77 %
Weighted-average interest rate during the year4.32 4.93 4.62 5.19 
(1) Primarily includes FHLB borrowings.
Obligations to repurchase securities sold are recorded as a liability in our consolidated statement of condition. Applicable securities with a fair value of $1.07 billion underlying the repurchase agreements remained in our investment securities portfolio as of December 31, 2025.
The following table presents information about these securities and the carrying value of the related repurchase agreements, including accrued interest, as of December 31, 2025.
 Securities Sold
Repurchase Agreements(1)
(In millions)Amortized
Cost		Fair ValueAmortized
Cost
Overnight maturity$1,058 $1,072 $841 
(1) Collateralized by investment securities.
We maintain an agreement with a clearing organization (FICC) that enables us to net securities purchased under resale agreements and sold under repurchase agreements with counterparties that are also members of the clearing organization when specific netting criteria are met. The impact of this netting was $242.73 billion on average in 2025 compared to $191.26 billion in 2024, primarily due to higher FICC repo volumes.
State Street Bank currently maintains a line of credit of CAD $1.40 billion, or approximately $1.02 billion, as of December 31, 2025, to support its Canadian securities processing operations. The line of credit has no stated termination date and is cancellable by either party with prior notice. As of both December 31, 2025 and 2024, there was no balance outstanding on this line of credit.