XML 88 R75.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Value (Fair Value Measurements - Recurring Quantitative Information) (Details)
$ in Millions
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale $ 42,280 $ 41,785
Fair value 3,762 3,686
Derivative Liability (3,922) (3,538)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale 42,280 41,785
Loans, fair value 1,217 1,238
Equity investments 2,739 2,717
Derivative Liability (6,365) (5,899)
Recurring assets - fair value 57,050 56,862
Residential mortgage-backed non-agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale 668 696
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total recurring assets net of recurring liabilities - fair value 7,244 7,050
Level 3 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale 924 956
Loans, fair value 713 726
Equity investments 2,030 1,952
Derivative Liability (113) (152)
Recurring assets - fair value 7,555 7,448
Level 3 | Commercial mortgage loans held for sale | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale, fair value 11 11
Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale 668 696
Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities – available for sale 100 102
Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans, fair value 539 546
Level 3 | Loans - Residential real estate | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans, fair value 73 75
Level 3 | Loans - Home equity - First-lien | Consensus pricing    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans, fair value 17 18
Level 3 | Loans - Home equity | Consensus pricing    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans, fair value 84 87
Level 3 | Equity investments | Multiple of adjusted earnings    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 2,030 1,952
Level 3 | Residential mortgage servicing rights | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 2,687 2,654
Level 3 | Commercial mortgage servicing rights | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 1,075 1,032
Level 3 | Financial derivatives | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability (106) (145)
Level 3 | Insignificant Assets, Net of Liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Insignificant assets, fair value disclosure $ 66 $ 22
Spread over the benchmark curve | Level 3 | Commercial mortgage loans held for sale | Discounted cash flow | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.0580 0.0575
Spread over the benchmark curve | Level 3 | Commercial mortgage loans held for sale | Discounted cash flow | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.7155 0.3610
Spread over the benchmark curve | Level 3 | Commercial mortgage loans held for sale | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.2649 0.1647
Spread over the benchmark curve | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.0268 0.0285
Spread over the benchmark curve | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.0227 0.0248
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.0337 0.0337
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.1648 0.1668
Spread over the benchmark curve | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.0766 0.0765
Constant prepayment rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.010 0.010
Constant prepayment rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.279 0.279
Constant prepayment rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.029 0.037
Constant prepayment rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.010 0.010
Constant prepayment rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.280 0.280
Constant prepayment rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.041 0.051
Constant prepayment rate | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.000 0.000
Constant prepayment rate | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.401 0.336
Constant prepayment rate | Level 3 | Residential mortgage servicing rights | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.063 0.064
Constant prepayment rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.050 0.053
Constant prepayment rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.086 0.097
Constant prepayment rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.052 0.055
Constant default rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.000 0.000
Constant default rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.120 0.120
Constant default rate | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.019 0.027
Constant default rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.000 0.000
Constant default rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.081 0.043
Constant default rate | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.016 0.017
Loss severity | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.100 0.100
Loss severity | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.700 0.690
Loss severity | Level 3 | Residential mortgage-backed non-agency securities | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.423 0.412
Loss severity | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.300 0.200
Loss severity | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 1.000 1.000
Loss severity | Level 3 | Asset-backed | Priced by a third-party vendor using a discounted cash flow pricing model | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities, measurement input 0.497 0.495
Loss severity | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.000 0.000
Loss severity | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 1.000 1.000
Loss severity | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.053 0.054
Loss severity | Level 3 | Loans - Residential real estate | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.060 0.060
Loss severity | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.000 0.000
Loss severity | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 1.000 1.000
Loss severity | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.138 0.144
Cumulative default rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.036 0.036
Cumulative default rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 1.000 1.000
Cumulative default rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.582 0.591
Cumulative default rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.036 0.036
Cumulative default rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 1.000 1.000
Cumulative default rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.607 0.609
Discount rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.055 0.055
Discount rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.075 0.075
Discount rate | Level 3 | Loans - Residential real estate - Uninsured | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.058 0.058
Discount rate | Level 3 | Loans - Residential real estate | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.080 0.078
Discount rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.055 0.055
Discount rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.075 0.075
Discount rate | Level 3 | Loans - Home equity - First-lien | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.061 0.062
Discount rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.080 0.076
Discount rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.103 0.100
Discount rate | Level 3 | Commercial mortgage servicing rights | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Servicing asset, measurement input 0.099 0.096
Credit and liquidity discount | Level 3 | Loans - Home equity | Consensus pricing | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.003 0.003
Credit and liquidity discount | Level 3 | Loans - Home equity | Consensus pricing | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 1.000 1.000
Credit and liquidity discount | Level 3 | Loans - Home equity | Consensus pricing | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivable, measurement input 0.437 0.438
Multiple of earnings | Level 3 | Equity investments | Multiple of adjusted earnings | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, measurement input 0.055 0.045
Multiple of earnings | Level 3 | Equity investments | Multiple of adjusted earnings | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, measurement input 0.270 0.267
Multiple of earnings | Level 3 | Equity investments | Multiple of adjusted earnings | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, measurement input 0.104 0.101
Estimated Conversion Factor | Level 3 | Financial derivatives | Discounted cash flow | Weighted Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability, measurement input 1.59 1.59
Estimated Annual Growth Rate | Level 3 | Financial derivatives | Discounted cash flow    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability, measurement input 0.160 0.160