Offsetting Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Offsetting Assets and Liabilities [Abstract]

Schedule of Offsetting Assets and Liabilities

Gross and net information for selected financial instruments in the balance sheet is as follows:

	September 30, 2020
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	2,809	$	(5)	$	2,804	$	—	$	—	$	2,804
Derivatives (included in other assets)	467		—		467		(1)		(1)		465
Total assets	$	3,276	$	(5)	$	3,271	$	(1)	$	(1)	$	3,269
Liabilities:
Federal funds purchased and other short-term borrowings	$	1,257	$	(5)	$	1,252	$	—	$	—	$	1,252
Derivatives (included in other liabilities)	36		—		36		(1)		(30)		5
Total Liabilities	$	1,293	$	(5)	$	1,288	$	(1)	$	(30)	$	1,257

	December 31, 2019
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	694	$	(210)	$	484	$	—	$	—	$	484
Derivatives (included in other assets)	153		—		153		(6)		—		147
Total assets	$	847	$	(210)	$	637	$	(6)	$	—	$	631
Liabilities:
Federal funds purchased and other short-term borrowings	$	2,263	$	(210)	$	2,053	$	—	$	—	$	2,053
Derivatives (included in other liabilities)	19		—		19		(6)		(10)		3
Total Liabilities	$	2,282	$	(210)	$	2,072	$	(6)	$	(10)	$	2,056

Schedule of Offsetting Assets and Liabilities

Gross and net information for selected financial instruments in the balance sheet is as follows:

	September 30, 2020
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	2,809	$	(5)	$	2,804	$	—	$	—	$	2,804
Derivatives (included in other assets)	467		—		467		(1)		(1)		465
Total assets	$	3,276	$	(5)	$	3,271	$	(1)	$	(1)	$	3,269
Liabilities:
Federal funds purchased and other short-term borrowings	$	1,257	$	(5)	$	1,252	$	—	$	—	$	1,252
Derivatives (included in other liabilities)	36		—		36		(1)		(30)		5
Total Liabilities	$	1,293	$	(5)	$	1,288	$	(1)	$	(30)	$	1,257

	December 31, 2019
(In millions)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments		Cash collateral received/pledged		Net amount
Assets:
Federal funds sold and security resell agreements	$	694	$	(210)	$	484	$	—	$	—	$	484
Derivatives (included in other assets)	153		—		153		(6)		—		147
Total assets	$	847	$	(210)	$	637	$	(6)	$	—	$	631
Liabilities:
Federal funds purchased and other short-term borrowings	$	2,263	$	(210)	$	2,053	$	—	$	—	$	2,053
Derivatives (included in other liabilities)	19		—		19		(6)		(10)		3
Total Liabilities	$	2,282	$	(210)	$	2,072	$	(6)	$	(10)	$	2,056