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Securities (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
The table below presents the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale (AFS) debt securities, other debt securities carried at fair value and held-to-maturity (HTM) debt securities at June 30, 2022 and December 31, 2021.
Debt Securities
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value		Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
(Dollars in millions)June 30, 2022December 31, 2021
Available-for-sale debt securities
Mortgage-backed securities:
Agency$29,999 $46 $(1,320)$28,725 $45,268 $1,257 $(186)$46,339 
Agency-collateralized mortgage obligations2,741 4 (132)2,613 3,331 74 (25)3,380 
Commercial13,038 130 (608)12,560 19,036 647 (79)19,604 
Non-agency residential (1)
477 16 (63)430 591 25 (33)583 
Total mortgage-backed securities46,255 196 (2,123)44,328 68,226 2,003 (323)69,906 
U.S. Treasury and government agencies195,527 540 (2,012)194,055 197,853 1,610 (318)199,145 
Non-U.S. securities11,879 — (43)11,836 11,933 — — 11,933 
Other taxable securities3,318 6 (54)3,270 2,725 39 (3)2,761 
Tax-exempt securities12,976 44 (255)12,765 15,155 317 (39)15,433 
Total available-for-sale debt securities 269,955 786 (4,487)266,254 295,892 3,969 (683)299,178 
Other debt securities carried at fair value (2)
8,645 41 (275)8,411 8,873 105 (83)8,895 
Total debt securities carried at fair value278,600 827 (4,762)274,665 304,765 4,074 (766)308,073 
Held-to-maturity debt securities
Agency mortgage-backed securities528,297 21 (67,193)461,125 553,721 3,855 (10,366)547,210 
U.S. Treasury and government agencies121,574 — (14,896)106,678 111,859 254 (2,395)109,718 
Other taxable securities8,413 1 (675)7,739 9,011 147 (196)8,962 
Total held-to-maturity debt securities658,284 22 (82,764)575,542 674,591 4,256 (12,957)665,890 
Total debt securities (3,4)
$936,884 $849 $(87,526)$850,207 $979,356 $8,330 $(13,723)$973,963 
(1)At June 30, 2022 and December 31, 2021, the underlying collateral type included approximately 17 percent and 21 percent prime and 83 percent and 79 percent subprime.
(2)Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 14 – Fair Value Measurements.
(3)Includes securities pledged as collateral of $97.0 billion and $111.9 billion at June 30, 2022 and December 31, 2021.
(4)The Corporation held debt securities from Fannie Mae (FNMA) and Freddie Mac (FHLMC) that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $310.2 billion and $187.8 billion, and a fair value of $270.6 billion and $162.8 billion at June 30, 2022, and an amortized cost of $345.3 billion and $205.3 billion, and a fair value of $342.5 billion and $202.4 billion at December 31, 2021.
Amortized Cost and Fair Value of Corporations Investment
The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at June 30, 2022 and December 31, 2021.
Total AFS Debt Securities in a Continuous Unrealized Loss Position
Less than Twelve MonthsTwelve Months or LongerTotal
Fair
Value		Gross
 Unrealized
 Losses		Fair
Value		Gross
 Unrealized
 Losses		Fair
Value		Gross
 Unrealized
 Losses
(Dollars in millions)June 30, 2022
Continuously unrealized loss-positioned AFS debt securities
Mortgage-backed securities:   
Agency$24,891 $(1,239)$859 $(81)$25,750 $(1,320)
Agency-collateralized mortgage obligations2,289 (130)65 (2)2,354 (132)
Commercial7,887 (496)806 (112)8,693 (608)
Non-agency residential302 (50)102 (13)404 (63)
Total mortgage-backed securities35,369 (1,915)1,832 (208)37,201 (2,123)
U.S. Treasury and government agencies152,855 (1,674)15,518 (338)168,373 (2,012)
Non-U.S. securities9,949 (25)742 (18)10,691 (43)
Other taxable securities2,024 (16)499 (38)2,523 (54)
Tax-exempt securities868 (147)2,794 (108)3,662 (255)
Total AFS debt securities in a continuous
   unrealized loss position		$201,065 $(3,777)$21,385 $(710)$222,450 $(4,487)
December 31, 2021
Continuously unrealized loss-positioned AFS debt securities
Mortgage-backed securities:
Agency$11,733 $(166)$815 $(20)$12,548 $(186)
Agency-collateralized mortgage obligations1,427 (22)122 (3)1,549 (25)
Commercial3,451 (41)776 (38)4,227 (79)
Non-agency residential241 (13)174 (20)415 (33)
Total mortgage-backed securities16,852 (242)1,887 (81)18,739 (323)
U.S. Treasury and government agencies103,307 (272)4,850 (46)108,157 (318)
Other taxable securities— — 82 (3)82 (3)
Tax-exempt securities502 (16)109 (23)611 (39)
Total AFS debt securities in a continuous
   unrealized loss position		$120,661 $(530)$6,928 $(153)$127,589 $(683)
Expected Maturity Distribution
The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at June 30, 2022 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgage-backed securities (MBS) or other asset-backed securities (ABS) are passed through to the Corporation.
Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities
Due in One
Year or Less		Due after One Year
through Five Years		Due after Five Years
through Ten Years		Due after
Ten Years		Total
(Dollars in millions)Amount
Yield (1)
Amount
Yield (1)
Amount
Yield (1)
Amount
Yield (1)
Amount
Yield (1)
Amortized cost of debt securities carried at fair value          
Mortgage-backed securities:          
Agency$— — %$5 5.40 %$47 4.55 %$29,947 3.29 %$29,999 3.29 %
Agency-collateralized mortgage obligations— — — — 18 2.56 2,723 2.91 2,741 2.91 
Commercial74 2.38 3,580 2.64 7,509 1.82 1,888 2.12 13,051 2.09 
Non-agency residential— — — — — — 887 7.33 887 7.33 
Total mortgage-backed securities74 2.38 3,585 2.64 7,574 1.84 35,445 3.30 46,678 3.01 
U.S. Treasury and government agencies12,918 1.50 61,277 2.02 121,490 1.61 32 2.91 195,717 1.73 
Non-U.S. securities17,748 0.71 2,030 4.28 3 6.03 130 4.03 19,911 1.10 
Other taxable securities899 3.02 1,834 2.61 286 3.22 299 3.01 3,318 2.81 
Tax-exempt securities938 1.21 5,117 1.93 2,800 2.42 4,121 2.01 12,976 2.01 
Total amortized cost of debt securities carried at fair value
$32,577 1.11 $73,843 2.12 $132,153 1.64 $40,027 3.17 $278,600 1.93 
Amortized cost of HTM debt securities
Agency mortgage-backed securities$— — %$— — %$15 2.60 %$528,282 2.13 %$528,297 2.13 %
U.S. Treasury and government agencies— — 4,534 1.80 117,040 1.37 — — 121,574 1.39 
Other taxable securities39 8.65 1,074 2.24 442 2.98 6,858 2.49 8,413 2.51 
Total amortized cost of HTM debt securities$39 8.65 $5,608 1.88 $117,497 1.37 $535,140 2.13 $658,284 1.99 
Debt securities carried at fair value          
Mortgage-backed securities:          
Agency$—  $5  $48  $28,672  $28,725  
Agency-collateralized mortgage obligations—  —  18  2,595  2,613  
Commercial74  3,619  7,159  1,720  12,572  
Non-agency residential—  3  —  836  839  
Total mortgage-backed securities74 3,627 7,225 33,823 44,749 
U.S. Treasury and government agencies13,032 61,242 119,940 31 194,245 
Non-U.S. securities17,500  2,000  3  131  19,634  
Other taxable securities896  1,827  282  267  3,272  
Tax-exempt securities940  5,112  2,779  3,934  12,765  
Total debt securities carried at fair value$32,442  $73,808  $130,229  $38,186  $274,665  
Fair value of HTM debt securities
Agency mortgage-backed securities$— $— $14 $461,111 $461,125 
U.S. Treasury and government agencies— 4,297 102,381 — 106,678 
Other taxable securities39 1,030 423 6,247 7,739 
Total fair value of HTM debt securities$39 $5,327 $102,818 $467,358 $575,542 
(1)The weighted-average yield is computed based on a constant effective interest rate over the contractual life of each security. The average yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related hedging derivatives.