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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
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 December 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$55 $— $— $55 
Non-U.S. government securities— 124 — 124 
Other— 648 — 648 
Total trading account assets55 772 — 827 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations23,260 — — 23,260 
Mortgage-backed securities— 15,586 — 15,586 
Total U.S. Treasury and federal agencies23,260 15,586 — 38,846 
Non-U.S. debt securities:
Mortgage-backed securities— 2,578 — 2,578 
Asset-backed securities— 2,085 — 2,085 
Non-U.S. sovereign, supranational and non-U.S. agency— 17,731 — 17,731 
Other— 2,826 — 2,826 
Total non-U.S. debt securities— 25,220 — 25,220 
Asset-backed securities:
Student loans— 64 — 64 
Collateralized loan obligations— 2,905 — 2,905 
Non-agency CMBS and RMBS(2)
— 3 — 3 
Other— 91 — 91 
Total asset-backed securities— 3,063 — 3,063 
State and political subdivisions— 25 — 25 
Other U.S. debt securities— — — — 
Total available-for-sale investment securities$23,260 $43,894 $— $67,154 
Other assets:
Derivative instruments:
Foreign exchange contracts$5 $14,218 $1 $(10,073)$4,151 
Interest rate contracts3 31 — (31)3 
Other derivative contracts1 — — — 1 
Total derivative instruments9 14,249 1 (10,104)4,155 
Other22 832 — — 854 
Total assets carried at fair value$23,346 $59,747 $1 $(10,104)$72,990 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$— $14,097 $— $(9,231)$4,866 
Interest rate contracts— 5 — (5)— 
Other derivative contracts— 159 — — 159 
Total derivative instruments— 14,261 — (9,236)5,025 
Total liabilities carried at fair value$— $14,261 $— $(9,236)$5,025 
(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 $2.48 billion and $1.61 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 assets34 734 — 768 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations23,525 — — 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.
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)
Carrying Value
Estimated Fair Value
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)
December 31, 2025
Financial Assets:    
Cash and due from banks$4,433 $4,433 $4,433 $— $— 
Interest-bearing deposits with banks126,930 126,930 — 126,930 — 
Securities purchased under resale agreements6,812 6,812 — 6,812 — 
Investment securities held-to-maturity38,171 34,166 563 33,603 — 
Net loans(1)
46,589 46,417 — 44,862 1,555 
Other(2)
15,490 15,490 — 15,490 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$35,267 $35,267 $— $35,267 $— 
   Interest-bearing - U.S.168,079 168,079 — 168,079 — 
   Interest-bearing - non-U.S.71,004 71,004 — 71,004 — 
Securities sold under repurchase agreements841 841 — 841 — 
Other short-term borrowings3,821 3,821 — 3,821 — 
Long-term debt25,143 25,253 — 25,130 123 
Other(2)
15,490 15,490 — 15,490 — 
(1) Includes $92 million of loans classified as held-for-sale that were measured at fair value in level 2 as of December 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)
Carrying Value
Estimated Fair Value
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)
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.