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Fair Value (Tables)
 6 Months Ended
Jun. 30, 2026
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 June 30, 2026
(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$56 $— $— $56 
Non-U.S. government securities— 116 — 116 
Other— 684 — 684 
Total trading account assets$56 $800 $— $856 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$24,457 $— $— $24,457 
Mortgage-backed securities— 16,957 — 16,957 
Total U.S. Treasury and federal agencies24,457 16,957 — 41,414 
Non-U.S. debt securities:
Mortgage-backed securities— 2,691 — 2,691 
Asset-backed securities— 2,594 — 2,594 
Non-U.S. sovereign, supranational and non-U.S. agency— 19,639 — 19,639 
Other— 2,762 — 2,762 
Total non-U.S. debt securities— 27,686 — 27,686 
Asset-backed securities:
Student loans— 36 — 36 
Collateralized loan obligations— 3,045 — 3,045 
Other— 91 — 91 
Total asset-backed securities— 3,172 — 3,172 
State and political subdivisions— 25 — 25 
Total available-for-sale investment securities$24,457 $47,840 $— $72,297 
Other assets:
Derivative instruments:
Foreign exchange contracts$81 $24,014 $9 $(15,298)$8,806 
Interest rate contracts— 11 — (11)— 
Total derivative instruments81 24,025 9 (15,309)8,806 
Other18 1,011 — — 1,029 
Total assets carried at fair value$24,612 $73,676 $9 $(15,309)$82,988 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$— $24,221 $7 $(19,529)$4,699 
Interest rate contracts2 14 — (14)2 
Other derivative contracts2 116 — — 118 
Total derivative instruments4 24,351 7 (19,543)4,819 
Total liabilities carried at fair value$4 $24,351 $7 $(19,543)$4,819 
(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 $2.71 billion and $6.94 billion, respectively, for cash collateral received from and provided to derivative counterparties.
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 assets$55 $772 $— $827 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$23,260 $— $— $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 RMBS.
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)
Carrying
Value
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)
June 30, 2026
Financial Assets:    
Cash and due from banks$4,290 $4,290 $4,290 $— $— 
Interest-bearing deposits with banks145,223 145,223 — 145,223 — 
Securities purchased under resale agreements9,035 9,035 — 9,035 — 
Investment securities held-to-maturity35,290 31,104 266 30,838 — 
Net loans(1)
51,901 51,750 — 50,507 1,243 
Other(2)
13,606 13,606 — 13,606 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$46,489 $46,489 $— $46,489 $— 
   Interest-bearing - U.S.191,759 191,759 — 191,759 — 
   Interest-bearing - non-U.S.81,299 81,299 — 81,299 — 
Securities sold under repurchase agreements395 395 — 395 — 
Other short-term borrowings4,372 4,372 — 4,372 — 
Long-term debt25,704 25,548 — 25,411 137 
Other(2)
13,606 13,606 — 13,606 — 
(1) Includes $92 million of loans classified as held-for-sale that were measured at fair value in level 2 as of June 30, 2026.
(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 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, 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.